|
|
|
MIRA
INFORM REPORT
|
Report No. : |
496022 |
|
Report Date : |
10.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
DELTA PAPER MILLS LIMITED |
|
|
|
|
Registered
Office : |
Vendra Village, Palakoderu Mandal, Bhimavaram Taluk, West Godavari District – 534202, Andhra Pradesh |
|
Tel. No.: |
91-8816-248881 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
23.05.1975 |
|
|
|
|
Com. Reg. No.: |
01-001891 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 539.658 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999AP1975PLC001891 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
2688000047 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDD01989B |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD6022C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing special grades such as IR Logo Paper for Railway Tickets, for Mee Seva, Azure Laid (Maplitho), Colour Maplitho and Copier varieties of papers (Registered activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 1900000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1975. It is a manufacturer of
writing and printing paper including creamwove, white printing, offset and
maplitho paper. For the financial year 2017, the company reported top line growth of
9.35% as compared to the previous year but has incurred operational loss. The moderate financial risk profile of the company is marked by
declining reserve due to continuous operational losses. However, rating takes into account the long operational track record
of the company along with its established presence in the paper industry. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with some caution. |
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 |
CRISIL |
|
Rating |
Long Term Borrowing = B |
|
Rating Explanation |
Risk-prone-credit-quality and carries very high credit risk. |
|
Date |
21.08.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Borrowing = A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
21.08.2017 |
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 10.03.2018
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 DENIED
MANAGEMENT NON-COOPERATIVE: TEL. No.: 91-8816-248881
LOCATIONS
|
Registered Office/ Factory : |
Vendra Village, Palakoderu Mandal, Bhimavaram Taluk, West Godavari District, – 534202, Andhra Pradesh, India |
|
Tel. No.: |
91-8816-248881 / 88882 / 888883 / 88884 / 88885 / 248335 / 248336 / 248337 |
|
Mobile No.: |
91-9848564446 (Mr. Satyanarayan) |
|
Fax No.: |
91- 8816-248885/248208 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Venkata Kanaga Ranga Raju Gokaraju |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No 552, Road No 92, Jubilee Hills, Journalist, Hyderabad -
500033, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.03.1969 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
BE |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.07.2009 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ABRPG3645F |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00901172 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Dr. Ganga Raju Gokaraju |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
40-15-14, Brindavan Colony, Labbipet Vijayawada, Vijayawada - 520010,
Andhra Pradesh, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.06.1948 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Pharmacy Graduate |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.06.1998 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00051141 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Gokaraju Narasimha Raju |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
27-17-55/25-9, Canal Road, A S R Nagar, Bhimavaram, West Godavari -
534202, Andhra Pradesh, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.04.1971 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.12.1998 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00137518 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Manthena Subba Raju |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Labbipet, Vijayawada - 520010, Andhra Pradesh, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.12.1965 |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
08.07.2005 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00600501 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Bhupatiraju Kantha Kamalakasturi |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Kallakurivari Street, Sri Ramapuram, Bhimavaram, West Godavari -
534202, Andhra Pradesh, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.11.1941 |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.11.1994 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00146683 |
||||||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Pandu Ranga Raju Gokaraju |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
27-17-55/258/(3), Ward No -36, A.S.R. Nagar, Bhimavaram, West Godavari
District - 534202, Andhra Pradesh, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.01.1970 |
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|
Qualification : |
B.Tech |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.09.2015 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AMVPP0696C |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02088930 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Gokaraju Rama Raju |
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|
Designation : |
Whole-time director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
40-15-14/B,Brindavan Colony, Labbipet, Venkateswarapuram,
Krishnalanka, Krishna District, Vijayawada - 520010, Andhra Pradesh, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.04.1971 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Pharmacy Graduate |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.04.2011 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00600491 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
83.51 |
|
Promoter - Bodies
corporate |
15.04 |
|
Public – (Individual/ Hindu
Undivided Family – Indian |
1.44 |
|
Public - Bodies corporate |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing special grades such as IR Logo Paper for Railway Tickets, for Mee Seva, Azure Laid (Maplitho), Colour Maplitho and Copier varieties of papers (Registered activity) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Raju and Mahendra Chartered Accountants |
|
Address : |
5-8-512/18, First Floor, ABID Shopping Centre Chirag Ali Lane, Hyderabad – 500001, Telangana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFR1605A |
|
|
|
|
Secretarial Audit
Report
: |
|
|
Name : |
J V Rama Rao and Company |
|
Address : |
Sarada Nilayam, 2/17 Brodipet, Guntur 522002 |
|
PAN No.: |
ADJPJ5779K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13300000 |
Equity Shares |
INR 10/- each |
INR 133.000 Million |
|
8670000 |
Preference Shares |
INR 100/- each |
INR 867.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 1000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7265772 |
Equity Shares |
INR 10/- each |
INR 72.658 Million |
|
4670000 |
Preference Shares |
INR 100/- each |
INR 467.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 539.658
Million |
FINANCIAL DATA
[all figures are
in 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 |
539.658 |
539.658 |
539.658 |
|
(b) Reserves and Surplus |
143.764 |
178.959 |
237.358 |
|
(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) |
683.422 |
718.617 |
777.016 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
145.331 |
176.358 |
161.928 |
|
(b) Deferred tax liabilities (Net) |
97.887 |
98.628 |
97.795 |
|
(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) |
243.218 |
274.986 |
259.723 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
440.273 |
262.951 |
308.855 |
|
(b) Trade
payables |
631.893 |
896.881 |
805.827 |
|
(c) Other
current liabilities |
51.073 |
53.154 |
76.501 |
|
(d) Short-term
provisions |
6.020 |
4.881 |
2.758 |
|
Total Current
Liabilities (4) |
1129.259 |
1217.867 |
1193.941 |
|
|
|
|
|
|
TOTAL |
2055.899 |
2211.470 |
2230.680 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
911.596 |
949.872 |
937.279 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
99.500 |
112.466 |
120.378 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.264 |
2.264 |
2.264 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
6.366 |
6.366 |
5.651 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1018.726 |
1070.968 |
1065.572 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
542.250 |
517.584 |
691.738 |
|
(c) Trade
receivables |
294.208 |
423.484 |
299.719 |
|
(d) Cash and
bank balances |
51.063 |
27.248 |
52.925 |
|
(e)
Short-term loans and advances |
76.462 |
99.439 |
120.726 |
|
(f) Other
current assets |
73.190 |
72.747 |
0.000 |
|
Total
Current Assets |
1037.173 |
1140.502 |
1165.108 |
|
|
|
|
|
|
TOTAL |
2055.899 |
2211.470 |
2230.680 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2388.398 |
2184.081 |
1718.816 |
|
|
Other Income |
6.524 |
8.162 |
7.009 |
|
|
TOTAL |
2394.922 |
2192.243 |
1725.825 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1370.365 |
1155.704 |
1035.222 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(51.257) |
82.178 |
(102.045) |
|
|
Employee benefit expense |
195.893 |
176.583 |
162.798 |
|
|
Other expenses |
732.030 |
687.366 |
621.247 |
|
|
Exceptional items before tax |
44.402 |
0.000 |
(119.058) |
|
|
TOTAL |
2291.433 |
2101.831 |
1598.164 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
103.489 |
90.412 |
127.661 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
75.171 |
86.539 |
76.300 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
28.318 |
3.873 |
51.361 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
64.255 |
61.438 |
59.717 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(35.937) |
(57.565) |
(8.356) |
|
|
|
|
|
|
|
Less |
TAX |
(0.741) |
0.833 |
2.349 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(35.196) |
(58.398) |
(10.705) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(2.95) |
(4.89) |
(0.90) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
5.625 |
45.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
44.96 |
70.77 |
63.65 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.12 |
5.16 |
5.73 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
168.31 |
283.26 |
284.12 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.19 |
0.17 |
0.18 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.10 |
0.09 |
0.12 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.62 |
0.63 |
0.63 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.86 |
0.62 |
0.66 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.65 |
1.69 |
1.54 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.48 |
1.48 |
1.36 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.38 |
1.04 |
1.67 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(1.47) |
(2.67) |
(0.62) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(1.71) |
(2.64) |
(0.48) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(5.15) |
(8.13) |
(1.38) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.92 |
0.94 |
0.98 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.44 |
0.51 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.33 |
0.32 |
0.35 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.09 |
0.82 |
0.96 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.92 |
0.94 |
0.98 |
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 |
539.658 |
539.658 |
539.658 |
|
Reserves & Surplus |
237.358 |
178.959 |
143.764 |
|
Net
worth |
777.016 |
718.617 |
683.422 |
|
|
|
|
|
|
Long-term borrowings |
161.928 |
176.358 |
145.331 |
|
Short term borrowings |
308.855 |
262.951 |
440.273 |
|
Current maturities of
long-term debts |
45.000 |
5.625 |
0.000 |
|
Total
borrowings |
515.783 |
444.934 |
585.604 |
|
Debt/Equity
ratio |
0.664 |
0.619 |
0.857 |
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 |
1718.816 |
2184.081 |
2388.398 |
|
|
0.000 |
27.069 |
9.355 |
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 |
1718.816 |
2184.081 |
2388.398 |
|
Profit/ (Loss) |
(10.705) |
(58.398) |
(35.196) |
|
|
(0.62
%) |
(2.67
%) |
(1.47
%) |
LEGAL
CASES
JFCM Courts,
Visakapatnam
Case Details
|
Case Type: |
CC |
|
|
|
Filing
Number: |
210295/2015 |
Filing Date: |
10.12.2015 |
|
Registration
Number: |
200074/2016 |
Registration
Number: |
07.01.2016 |
|
CNR Number: |
202102102952015 |
|
|
Case Status
|
First Hearing
Date: |
19th May 2016 |
|
Next Hearing
Date: |
19th May 2016 |
|
Stage of Case: |
SUMMONS |
|
Court Number and
Judge: |
2-I ADDL. CHIEF METROPOLITAN MAGISTRATE COURT JUDGE |
Petitioner and Advocate
|
1) MS Agarwal Coal Corporation Private Limited Address:-Represented by its directors of in charge, SP
Sukla, S/o Late Narasimha Sulka, Aged 52 Years, Visakhapatnam |
Respondent and Advocate
|
1. MS Delts Paper Mills Limited Address :- Represented by Managing directors Sri GVK Rangaraju, Vendra, West Godavari District |
Acts
|
Under Act(s) |
Under Section(s) |
|
NEGOTIABLE INSTRUMENTS ACT, 1881 |
137 and 142 of NI ACT |
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 |
No |
|
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
GENERAL
The Financial Statements have been prepared on the historical cost convention and in accordance with Generally Accepted Accounting Principles and complying with the applicable Accounting Standards.
OPERATIONS
During the financial year the Company incurred a Net Loss of INR 35.196 Million and made a Production of 50,082 MT and Sales of 49,929 MT as compared to the previous year Production and Sales of 44,729 MT and 47,349 MT respectively. During the year the Company made a turnover of INR 2602.000 Million. Major Factors that the Company incurred a net loss of INR 35.200 Million are:
a) Lower expected Sales realization due to effected quality of the product.
b) Inadequate Working Capital Limits affected in procurement of required quantity of Raw Material of Bagasse, Waste Paper, Chemicals and Coal is influenced in effected the production.
c) Delay in completion of our New Project of New Washing and Bleaching Plant is also caused in effecting the quality of the product and production.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Intercorporate deposits |
0.335 |
0.335 |
|
Deposits from others |
9.363 |
13.389 |
|
Loans and advances from directors |
135.633 |
162.634 |
|
Total |
145.331 |
176.358 |
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C69165322 |
10600627 |
21/10/2015 |
- |
- |
125000000.0 |
Governorpet Branch, D. NO. 27-18-85,Congress Office RoadVijayawadaAP520002IN |
|
|
2 |
G29943636 |
10508771 |
25/06/2014 |
24/11/2016 |
- |
20000000.0 |
Governorpet Branch, D. NO. 27-18-85,Congress Office Road,VijayawadaAP520002IN |
|
|
3 |
C04424438 |
10494031 |
09/05/2014 |
- |
- |
34800000.0 |
Governorpet BranchCongress Office RoadVijayawadaAP520002IN |
|
|
4 |
B08184061 |
10271904 |
18/03/2011 |
- |
- |
945000000.0 |
Attili BranchAnjaneya Swamy Temple StreetAttiliAP534134IN |
|
|
5 |
A81196313 |
10206626 |
10/02/2010 |
- |
- |
200000000.0 |
Governorpet BranchCongress Office RoadVijayawadaAP520002IN |
|
|
6 |
G29941515 |
10157328 |
28/03/2009 |
24/11/2016 |
- |
120000000.0 |
Governorpet Branch, D. NO. 27-18-85,Congress Office Road,VijayawadaAP520002IN |
|
|
7 |
G29517240 |
80007535 |
11/07/1994 |
24/11/2016 |
- |
80000000.0 |
MID CORPORATE BRANCH,P.P. ROAD,BHIMAVARAMAP534201IN |
|
|
8 |
G29521168 |
80007536 |
11/07/1994 |
24/11/2016 |
- |
30000000.0 |
MID CORPORATE BRANCH,P.P. ROAD,BHIMAVARAMAP534201IN |
|
|
9 |
G30002489 |
80007539 |
11/07/1994 |
24/11/2016 |
- |
100000000.0 |
D.NO. 39-9-45, GROUND FLOOR, TEMPLE STREET,LABBIPET,VIJAYAWADAAP520010IN |
|
|
10 |
G30004931 |
80007540 |
11/07/1994 |
24/11/2016 |
- |
50000000.0 |
D.NO. 39-9-45, GROUND FLOOR, TEMPLE STREET,LABBIPET,VIJAYAWADAAP520010IN |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
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 64.92 |
|
|
1 |
INR 90.22 |
|
Euro |
1 |
INR 80.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.