|
|
|
MIRA
INFORM REPORT
|
Report No. : |
497131 |
|
Report Date : |
09.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
MTC BUSINESS PRIVATE LIMITED |
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|
|
|
Registered
Office : |
401-404, 4th Floor, Navkar Commercial Complex, Sir M.V
Road, Andheri (East), Mumbai – 400069, Maharashtra |
|
Tel. No.: |
91-22-67872900/45 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
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Date of
Incorporation : |
21.12.2000 |
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|
|
|
Com. Reg. No.: |
11-130172 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 95.040 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51420MH2000PTC130172 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0301062242 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AACCM4795M1ZT |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCM4795M |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
· Manufacturing of Structural Steel. · Wholesale of metal and non-metal waste and scrap. · Wholesale of metals and metal ores. (Registered Activity) |
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|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
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Comments : |
MTC Business Private Limited (MTCBPL), incorporated in year 2000 by Mr. Maganlal Mehta, is the flagship company of the “MTC” Group. It is an established company having fine track record. It is engaged in manufacturing of Structural Steel and also engaged in trading of Ferrous and Non- Ferrous Metals. For the financial year 2017, the company has reported decline in its revenue as compared to previous year but has managed to maintain average profit margin of 1.63%. The rating takes into consideration the healthy financial profile of the company marked by strong networth base along with comfortable debt coverage indicators However, these rating strengths are partially offset by inherent thin profitability margins due to the trading nature of business, susceptibility of operating profitability to volatility in commodity prices & foreign exchange rate fluctuations and its presence in fragmented & competitive nature of metal trading business. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for normal business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank Facilities = A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk |
|
Date |
25.10.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank Facilities = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
25.10.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 09.03.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mr. Sanjay
Maganlal Mehta |
|
Designation : |
Director |
|
Contact No.: |
91-8079465168 |
LOCATIONS
|
Registered Office/Corporate Office : |
401-404, 4th Floor, Navkar Commercial Complex, Sir M.V
Road, Andheri (East), Mumbai – 400069, Maharashtra, India |
|
Tel. No.: |
91-22-67872900/45 |
|
Mobile No.: |
91-8079465168 (Mr. Sanjay
Maganlal Mehta) |
|
Fax No.: |
91-22-67410875/67250964 |
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E-Mail : |
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|
Website : |
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Location: |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Warehouse: |
Plot No.44 to 47,
Jawahar Co-Operative Industrial Estate, Village Kamothe, Kalamboli, Raigad,
Maharashtra, India |
|
Tel No.: |
91-22-27420912/27423755 |
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Fax No.: |
91-22-27423855 |
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Email : |
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Factory: |
Madarpakkam Road, Periya, Obula 147, Thiruvallur Chennai-601201,
Tamilnadu, India |
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Branch Office 1 : |
Survey No. 15, Zak Industrial Estate, Near Bapasitaram Weighbridge, Village : Zak, Dehagam, Gandhinagar, Gujarat, India |
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|
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Branch Office 2 : |
VI A, Calve Chateau Nilgiris Super Market Building, 808 Poonamallee
High Road, Kilpauk, Chennai - 600010, Tamilnadu,
India |
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|
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Branch Office 3 : |
Khasra No. 33, Kherki Daula Village, Near Manaser Toll, Gurugram – 122004,
Haryana, India |
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Branch Office 4: |
301/302, Vertex Vikas, A Wing, Andheri East, Mumbai – 400069,
Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Narendra
Maganlal Mehta |
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|
Designation : |
Director |
||||||||||||||||||||||||
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Address : |
602-A, Jayshankar Krupa Co-operative Hosing Society, Old
Nagardas, Road, Andheri (East), Mumbai - 400069, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
10.12.1965 |
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Qualification : |
B. Com |
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Date of Appointment : |
21.12.2000 |
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PAN No.: |
AABPM6765B |
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DIN No.: |
00179992 |
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Other Directorship:
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|
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Name : |
Mr. Sanjay
Maganlal Mehta |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
A/602, A Wing,
Jay Shankar Krupa Housing Society Limited, Old Nagardas Road, Andheri (East),
Mumbai – 400069, Maharashtra, India |
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Date of Birth/Age : |
14.05.1968 |
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Qualification : |
B. Com |
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Date of Appointment : |
02.04.2001 |
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PAN No.: |
AACPM6147L |
||||||||||||||||||||||||
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DIN No.: |
00541528 |
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Other Directorship:
|
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|
||||||||||||||||||||||||
|
Name : |
Mr. Lalit Baliya |
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|
Designation : |
Director |
||||||||||||||||||||||||
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Address : |
C-302, Gajalaxmi Apartment, Kolsawala Compound, |
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Date of Birth/Age : |
26.10.1967 |
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Qualification : |
B.Com |
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Date of Appointment : |
03.03.2007 |
||||||||||||||||||||||||
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PAN No.: |
AABPB1937A |
||||||||||||||||||||||||
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DIN No.: |
00282727 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Pradhumna Didwania |
|
Designation : |
Secretary |
|
Address : |
404/1-A, Tirupati Darshan, Balaji Nagar,, Bhayandar West,
Thane - 401101, Maharashtra, India |
|
Date of Appointment : |
19.05.2015 |
|
PAN No.: |
AABPD5280E |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Maganlal
Moolchand Mehta |
3202000 |
33.69 |
|
Narendra Maganlal
Mehta |
802000 |
8.44 |
|
Sanjay Maganlal
Mehta |
800000 |
8.42 |
|
Manoj Maganlal
Mehta |
4700000 |
49.45 |
|
Total |
9504000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturing of Structural Steel. · Wholesale of metal and non-metal waste and scrap. · Wholesale of metals and metal ores. (Registered Activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
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Products : |
Ferrous and Non Ferrous Metal |
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Countries : |
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Terms : |
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Selling : |
L/C, Cheque and Credit (60/90 Days) / Other |
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Purchasing : |
L/C, Cheque and Credit (60/90 Days) / Other |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers, Manufacturer
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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||||||||||||||||||||||
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
A.T. Jain and
Company Chartered
Accountants |
|
Address : |
212, Rewa
Chambers, 31 New Marine Lines, Mumbai – 400020, Maharashtra, India |
|
Tel. No.: |
91-22-22035151/
22035252 |
|
Fax No.: |
91-22-22083820 |
|
Fax No.: |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFA2587P |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
|
|
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their
relatives : |
|
|
|
|
|
Subsidiary Companies : |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9504000 |
Equity Shares |
INR 10/- each |
INR 95.040 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
95.040 |
95.040 |
95.040 |
|
(b) Reserves and Surplus |
1419.243 |
1241.774 |
1115.645 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
1514.283 |
1336.814 |
1210.685 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
151.757 |
118.105 |
201.304 |
|
(b) Deferred tax liabilities (Net) |
15.837 |
14.400 |
11.680 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
167.594 |
132.505 |
212.984 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
2939.501 |
3670.238 |
3419.469 |
|
(b) Trade
payables |
173.000 |
732.330 |
162.760 |
|
(c) Other
current liabilities |
121.249 |
72.334 |
137.885 |
|
(d) Short-term
provisions |
30.400 |
18.558 |
19.956 |
|
Total Current
Liabilities (4) |
3264.150 |
4493.460 |
3740.070 |
|
|
|
|
|
|
TOTAL |
4946.027 |
5962.779 |
5163.739 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
410.655 |
326.076 |
317.503 |
|
(ii)
Intangible Assets |
0.284 |
0.220 |
0.297 |
|
(iii) Tangible assets
capital work-in-progress |
41.872 |
4.805 |
4.692 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
85.340 |
87.170 |
90.679 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
73.549 |
95.151 |
89.770 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
611.700 |
513.422 |
502.941 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
819.915 |
1898.857 |
705.377 |
|
(c) Trade
receivables |
1764.177 |
1819.232 |
2694.059 |
|
(d) Cash and
bank balances |
383.039 |
482.237 |
446.939 |
|
(e)
Short-term loans and advances |
1327.916 |
1225.982 |
745.013 |
|
(f) Other
current assets |
39.280 |
23.049 |
69.410 |
|
Total
Current Assets |
4334.327 |
5449.357 |
4660.798 |
|
|
|
|
|
|
TOTAL |
4946.027 |
5962.779 |
5163.739 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
10861.673 |
11083.321 |
14376.740 |
|
|
Other Income |
292.108 |
239.005 |
157.809 |
|
|
TOTAL |
11153.781 |
11322.326 |
14534.549 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
956.550 |
807.003 |
720.814 |
|
|
Purchases of
Stock-in-Trade |
7708.535 |
10548.780 |
12707.477 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1095.315 |
(1211.278) |
0.213 |
|
|
Employee benefit expense |
132.733 |
105.211 |
87.381 |
|
|
CSR expenditure |
2.500 |
1.175 |
0.000 |
|
|
Other expenses |
767.485 |
642.136 |
592.119 |
|
|
TOTAL |
10663.118 |
10893.027 |
14108.004 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
490.663 |
429.299 |
426.545 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
202.533 |
218.559 |
228.487 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
288.130 |
210.740 |
198.058 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
22.677 |
24.891 |
25.680 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
265.453 |
185.849 |
172.378 |
|
|
|
|
|
|
|
Less |
TAX |
87.984 |
59.720 |
55.409 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
177.469 |
126.129 |
116.969 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
18.67 |
13.27 |
NA |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.847 |
2.979 |
3.097 |
|
Cash generated from operations |
827.548 |
18.728 |
(30.999) |
|
Net cash flows from (used in) operations |
764.487 |
(41.365) |
(90.520) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days (Sundry Debtors /
Income * 365 Days) |
59.28 |
59.91 |
68.40 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.16 |
6.09 |
5.34 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
7.29 |
23.54 |
4.42 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.60 |
0.23 |
0.60 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.08 |
1.30 |
1.32 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
0.69 |
0.77 |
0.76 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.04 |
2.84 |
2.99 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.16 |
3.36 |
3.09 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.30 |
0.25 |
0.27 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.42 |
1.96 |
1.87 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.63 |
1.14 |
0.81 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.59 |
2.12 |
2.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
11.72 |
9.44 |
9.66 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets /
Current Liabilities) |
1.33 |
1.21 |
1.25 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.08 |
0.79 |
1.06 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.31 |
0.22 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
32.55 |
39.89 |
38.13 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.33 |
1.21 |
1.25 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
95.040 |
95.040 |
95.040 |
|
Reserves & Surplus |
1115.645 |
1241.774 |
1419.243 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1210.685 |
1336.814 |
1514.283 |
|
|
|
|
|
|
Long-term borrowings |
201.304 |
118.105 |
151.757 |
|
Short term borrowings |
3419.469 |
3670.238 |
2939.501 |
|
Current maturities of
long-term debts |
3.097 |
2.979 |
1.847 |
|
Total
borrowings |
3623.870 |
3791.322 |
3093.105 |
|
Debt/Equity
ratio |
2.993 |
2.836 |
2.043 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
14376.740 |
11083.321 |
10861.673 |
|
|
0.000 |
(22.908) |
(2.000) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
14376.740 |
11083.321 |
10861.673 |
|
Profit/ (Loss) |
116.969 |
126.129 |
177.469 |
|
|
0.81
% |
1.14
% |
1.63
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
(1)Shareholders' Funds |
|
|
|
(a) Share Capital |
95.040 |
95.040 |
|
(b) Reserves and Surplus |
1953.576 |
1682.218 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2048.616 |
1777.258 |
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
(a) long-term borrowings |
151.759 |
118.106 |
|
(b) Deferred tax liabilities (Net) |
15.837 |
14.400 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
167.596 |
132.506 |
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
(a) Short-term
borrowings |
4874.725 |
5399.718 |
|
(b) Trade
payables |
780.849 |
1223.704 |
|
(c) Other
current liabilities |
224.680 |
165.850 |
|
(d) Short-term
provisions |
36.296 |
18.598 |
|
Total Current
Liabilities (4) |
5916.550 |
6807.870 |
|
|
|
|
|
TOTAL |
8132.762 |
8717.634 |
|
|
|
|
|
II.
ASSETS |
|
|
|
(1)
Non-current assets |
|
|
|
(a) Fixed
Assets |
|
|
|
(i)
Tangible assets |
417.912 |
333.148 |
|
(ii)
Intangible Assets |
1.053 |
0.220 |
|
(iii) Tangible assets
capital work-in-progress |
41.872 |
4.805 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.001 |
7.379 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
127.624 |
95.935 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
|
Total Non-Current
Assets |
588.462 |
441.487 |
|
|
|
|
|
(2)
Current assets |
|
|
|
(a)
Current investments |
3.954 |
3.949 |
|
(b)
Inventories |
1474.525 |
2439.182 |
|
(c) Trade
receivables |
3149.464 |
3289.628 |
|
(d) Cash and
bank balances |
798.117 |
910.251 |
|
(e)
Short-term loans and advances |
1882.202 |
1609.380 |
|
(f) Other
current assets |
236.038 |
23.757 |
|
Total
Current Assets |
7544.300 |
8276.147 |
|
|
|
|
|
TOTAL |
8132.762 |
8717.634 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
Total
Revenue from operations |
26414.130 |
23818.738 |
|
|
Other Income |
243.884 |
175.148 |
|
|
TOTAL |
26658.014 |
23993.886 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Cost of Materials
Consumed |
956.550 |
807.003 |
|
|
Purchases of
Stock-in-Trade |
22466.962 |
22203.377 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
982.811 |
(1485.984) |
|
|
Employee benefit expense |
205.356 |
178.704 |
|
|
CSR expenditure |
2.500 |
1.175 |
|
|
Other expenses |
1318.090 |
1598.827 |
|
|
TOTAL |
25932.269 |
23303.102 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
725.745 |
690.784 |
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
336.395 |
322.199 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
389.350 |
368.585 |
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
24.795 |
27.164 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
364.555 |
341.421 |
|
|
|
|
|
|
Less |
TAX |
119.561 |
89.279 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
244.994 |
252.142 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from 301-302, Vertex
Vikas, A Wing, Opposite Railway Station, Andheri (East), Mumbai – 400069,
Maharashtra, India to the present address
w.e.f 04.03.2013.
CORPORATE INFORMATION
Subject is registered as a private limited company under the provision of the Companies Act, 1956 and has a Corporate Identity Number (CIN) as U51420MH2000PTC130172. The company primarily deals in Ferrous and Non Ferrous Metal and Scrap and has its registered office in Mumbai. The Company also has taken a manufacturing unit on lease at Chennai where the manufacturing of Structured Steel is carried on.
SEGMENT INFORMATION
The Company is in the business of dealing, primarily in ferrous and non-ferrous metal/scrap, H.R./C.R. coils, Steam coal and Metallurgical coke. The entire operations of the business are categorised as a single segment since the risk and returns from the sale of these products are quite similar. The Company has operations within various locations in India, where the economic environment is subject to the same risks and returns. Thus, there is only one reportable segments, primary or secondary, as per Accounting Standard – 17 on Segment Reporting issued under the Companies (Accounting Standards) Rules, 2006.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advance
from related parties |
147.500 |
112.000 |
|
SHORT TERM BORROWINGS |
|
|
|
Term loans |
0.000 |
61.468 |
|
Total |
147.500 |
173.468 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C02642890 |
10459058 |
UNION BANK OF INDIA |
18/09/2013 |
25/03/2014 |
- |
1000000000.0 |
UNION BANK OF INDIASIR M.V. ROAD, ANDHERI (EAST),MUMBAIMH400069IN |
|
2 |
G45821121 |
80018324 |
UNION BANK OF INDIA |
06/02/2006 |
02/06/2017 |
- |
6210000000.0 |
ANDHERI (EAST) BRANCH, MAYANI MANOR,SIR M.V. ROAD, ANDHERI (EAST),MUMBAIMH400069IN |
|
3 |
C02641496 |
90144130 |
UNION BANK OF INDIA |
16/10/2002 |
25/03/2014 |
- |
565000000.0 |
UNION BANK OF INDIASIR M.V. ROAD, ANDHERI (EAST),MUMBAIMH400069IN |
|
4 |
G49122328 |
90145614 |
ICICI BANK LIMITED |
15/01/2005 |
27/11/2014 |
20/07/2017 |
544000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
5 |
C52590023 |
10505176 |
UNION BANK OF INDIA |
23/05/2014 |
- |
28/04/2015 |
150000000.0 |
ANDHERI(EAST) BRANCH, MAYANI MANOR,SIR M.V. ROAD, ANDHERI (EAST),MUMBAIMH400069IN |
|
6 |
B95973137 |
10311057 |
AXIS BANK LIMITED |
08/09/2011 |
17/10/2012 |
12/02/2014 |
560000000.0 |
CORPORATE BANKING BR., GR. FLR, AXIS HOUSE,BOMBAY DYEING MILLS COMP., P.B. MARG, WORLI,MUMBAIMH400025IN |
|
7 |
B92239078 |
10284908 |
YES BANK LIMITED |
24/03/2011 |
30/01/2013 |
24/12/2013 |
160000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
8 |
B65544546 |
10352594 |
ABU DHABI COMMERCIAL BANK LTD |
16/04/2012 |
- |
07/01/2013 |
204000000.0 |
75,REHMAT MANZILVEER NARIMAN ROAD,CHURCHGATEMUMBAIMH400020IN |
|
9 |
B39516125 |
10309690 |
THE RATNAKAR BANK LIMITED |
25/08/2011 |
- |
18/05/2012 |
223800000.0 |
C/G- 8, 9, 10,13 & 14, MALLINATH COMPLEXOPP. SUJATA FLATS, SHAHIBAUGHAHEMDABADGJ380004IN |
|
10 |
B39515499 |
10308198 |
THE RATNAKAR BANK LIMITED |
25/08/2011 |
- |
18/05/2012 |
223800000.0 |
C/G- 8, 9, 10,13 & 14, MALLINATH COMPLEXOPP. SUJATA FLATS, SHAHIBAUGHAHEMDABADGJ380004IN |
FIXED ASSETS:
Tangible Assets
· Land
· Buildings
· Other Building
· Plant and Equipment
· Other plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer Equipments
· Other Equipments
Intangible Assets
· Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.37 |
|
|
1 |
INR 86.63 |
|
Euro |
1 |
INR 76.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NKTS |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.