|
|
|
MIRA INFORM REPORT
|
Report No. : |
496045 |
|
Report Date : |
10.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
META ROLLS AND COMMODITIES PRIVATE LIMITED
[w.e.f. 17.08.2006] |
|
|
|
|
Formerly Known
As : |
META
ROLLS (JALNA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gut No. 48, Adjacent to MIDC Phase II, Daregaon, Jalna –
431203, Maharashtra |
|
Mob. No.: |
91-9552316811 [Mr. Nitin Baheti] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
05.04.2002 |
|
|
|
|
Com. Reg. No.: |
11-135427 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 23.468 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27101MH2002PTC135427 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
3104015503 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AADCM3474C1ZN |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCM3474C |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer, Trader, Exporter and Supplier of TMT Bars and MS Billets
and Importer of Raw Material. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
418 (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 |
|
Maximum Credit Limit : |
USD 2000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Meta Rolls and Commodities Private Limited, manufactures mild steel
billets and thermos-mechanically treated (TMT) bars. The company was
incorporated in the year 2002 and is based in Jalna, Maharashtra. It is an
established company having satisfactory track record. For the financial year ended 2017, the company has witnessed a healthy
growth in its revenue and has achieved profit margin at 0.85% (approx.) The company possesses sound financial profile marked by healthy net
worth base along with comfortable debt level and favorable gap between trade
payables to its trade receivables. The company also derives strength from its long established track
record of business operations. Trade relations are reported as fair. Business is active. Payment
terms are seems to be usually correct and as per commitments. In view of the aforesaid, the company can be considered for 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 |
CRISIL RATING |
|
Rating |
Long Term Rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
June 30, 2017 |
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
June 30, 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 PARTED BY
|
Name : |
Mr. Nitin Baheti |
|
Designation : |
Senior Manager Accounts |
|
Contact No.: |
91-9552316811 |
|
Date : |
04.03.2018 |
LOCATIONS
|
Registered Office/Factory : |
Gut No. 48, Adjacent to MIDC Phase II, Daregaon, Jalna –
431203, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9552316811 [Mr. Nitin Baheti] |
|
Fax No.: |
91-2482-220036 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
75500 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ashish Jugalkishore Bhala |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
Mamata Hospital Shivaji Statute Road, Jalna – 431203,
Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
25.03.1975 |
||||||||||||||||||||
|
Qualification : |
B.E. |
||||||||||||||||||||
|
Date of Appointment : |
15.09.2008 |
||||||||||||||||||||
|
DIN No.: |
00171086 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Pankajkumar Kesharchand Patodi |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
C/O Smt Patodi Sangeeta Kesharchand H No. 114, J.V.B.
Housing Society, Jai Vishwabharati Colony, Aurangabad – 431005, Maharashtra,
India |
||||||||||||||||||||
|
Date of Birth/Age : |
07.04.1980 |
||||||||||||||||||||
|
Date of Appointment : |
25.06.2014 |
||||||||||||||||||||
|
DIN No.: |
00302438 |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Dwarkaprasad Bhikulalji Soni |
||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||
|
Address : |
H. No. 13, Manik Nagar, Near Sambhaji Nagar, Jalna –
431203, Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
04.06.1966 |
||||||||||||||||||||
|
Qualification : |
B.E. |
||||||||||||||||||||
|
Date of Appointment : |
21.06.2004 |
||||||||||||||||||||
|
DIN No.: |
00349479 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Santosh Zhawar Motilal |
||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||
|
Address : |
Navin Monda Road, Mahesh Nagar Jalna – 431203,
Maharashtra, India |
||||||||||||||||||||
|
Date of Appointment : |
20.04.2017 |
||||||||||||||||||||
|
DIN No.: |
07789570 |
||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Nitin Baheti |
|
Designation : |
Senior Manager Accounts |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
SHAREHOLDING DETAILS FILE ATTACHED.
Equity Share Break up (Percentage of Total Equity)
As on 09.05.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
7.21 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
49.62 |
|
Public - Bodies corporate |
43.17 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader, Exporter and Supplier of TMT Bars and MS Billets
and Importer of Raw Material. [Registered activity and also confirmed by management] |
||||||
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|
|
||||||
|
Products : |
|
||||||
|
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|
||||||
|
Brand Names : |
Not Divulged |
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|
||||||
|
Agencies Held : |
Not Divulged |
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||||||
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Exports : |
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||||||
|
Products : |
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Countries : |
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||||||
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Imports : |
|
||||||
|
Products : |
Raw Material |
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|
Countries : |
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||||||
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|
||||||
|
Terms : |
|
||||||
|
Selling : |
Advance Payment, L/C and Credit and NEFT, RTGS |
||||||
|
|
|
||||||
|
Purchasing : |
Advance Payment, L/C and Credit and NEFT, RTGS |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
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Customers : |
End Users
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No. of Employees : |
418 (Approximately) |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
S.M. Bangad and Company Chartered Accountants |
|
Address : |
1st Floor, Tapadia Terraces, Adalat Road, Aurangabad, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAMFS9561J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Others : |
U27200MH1990PTC055933
U28910MH2009PTC192313 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
INR 10/- each |
INR 75.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2346767 |
Equity Shares |
INR 10/- each |
INR 23.468
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
23.468 |
23.468 |
71.801 |
|
(b) Reserves &
Surplus |
761.859 |
712.697 |
601.494 |
|
(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) |
785.327 |
736.165 |
673.295 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
468.890 |
504.807 |
641.037 |
|
(b) Deferred tax
liabilities (Net) |
72.138 |
33.534 |
17.124 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
7.413 |
4.384 |
0.000 |
|
Total Non-current
Liabilities (3) |
548.441 |
542.725 |
658.161 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
333.686 |
340.446 |
282.280 |
|
(b) Trade payables |
266.046 |
201.041 |
267.951 |
|
(c) Other current
liabilities |
224.212 |
184.690 |
159.340 |
|
(d) Short-term provisions |
22.241 |
23.887 |
25.907 |
|
Total Current Liabilities
(4) |
846.185 |
750.064 |
735.478 |
|
|
|
|
|
|
TOTAL |
2179.953 |
2028.954 |
2066.934 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
905.794 |
934.213 |
959.872 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
176.262 |
91.007 |
8.946 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
16.222 |
13.927 |
13.924 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.650 |
0.576 |
0.508 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1098.928 |
1039.723 |
983.250 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
37.184 |
37.048 |
29.902 |
|
(b) Inventories |
312.081 |
273.705 |
422.684 |
|
(c) Trade receivables |
533.467 |
571.381 |
435.940 |
|
(d) Cash and cash
equivalents |
57.576 |
46.322 |
49.269 |
|
(e) Short-term loans and
advances |
140.717 |
60.775 |
145.889 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
1081.025 |
989.231 |
1083.684 |
|
|
|
|
|
|
TOTAL |
2179.953 |
2028.954 |
2066.934 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
4032.376 |
3828.694 |
3626.276 |
|
|
Other Income |
4.873 |
8.180 |
0.000 |
|
|
TOTAL |
4037.249 |
3836.874 |
3626.276 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2703.177 |
2427.272 |
2681.808 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
6.388 |
40.596 |
(129.291) |
|
|
Employees benefits
expense |
76.856 |
67.203 |
36.358 |
|
|
CSR Expenditure |
1.167 |
0.000 |
0.000 |
|
|
Other expenses |
1022.887 |
1054.655 |
862.831 |
|
|
Prior Perod Income |
0.000 |
0.000 |
|
|
|
TOTAL |
3810.475 |
3589.726 |
3451.706 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
226.774 |
247.148 |
174.570 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
79.176 |
115.099 |
98.409 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
147.598 |
132.049 |
76.161 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
52.655 |
56.767 |
46.281 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
94.943 |
75.282 |
29.880 |
|
|
|
|
|
|
|
Less |
TAX |
60.512 |
33.253 |
(1.900) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
34.431 |
42.029 |
31.780 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
14.67 |
17.9 |
13.38 |
Expected Sales (2017-2018) : INR 5550.000 Million [Due to business
growth]
The above information has been parted by Mr. Nitin Baheti (Senior Manager
Accounts)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
(153.874) |
|
Net cash flow from operating activity |
94.943 |
290.164 |
(167.958) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
48.29 |
54.47 |
43.88 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.56 |
6.70 |
8.32 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
35.92 |
30.23 |
36.47 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.73 |
0.90 |
0.41 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.21 |
0.24 |
0.18 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.60 |
0.62 |
0.67 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.02 |
1.15 |
1.37 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.08 |
1.02 |
1.09 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.38 |
1.39 |
1.44 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.86 |
2.15 |
1.77 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.85 |
1.10 |
0.88 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.58 |
2.07 |
1.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
4.38 |
5.71 |
4.72 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.28 |
1.32 |
1.47 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.91 |
0.95 |
0.90 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.36 |
0.36 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
34.20 |
36.02 |
12.86 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.28 |
1.32 |
1.47 |
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 |
71.801 |
23.468 |
23.468 |
|
Reserves & Surplus |
601.494 |
712.697 |
761.859 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
673.295 |
736.165 |
785.327 |
|
|
|
|
|
|
long-term borrowings |
641.037 |
504.807 |
468.890 |
|
Short term borrowings |
282.280 |
340.446 |
333.686 |
|
Total borrowings |
923.317 |
845.253 |
802.576 |
|
Debt/Equity ratio |
1.371 |
1.148 |
1.022 |
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 |
3626.276 |
3828.694 |
4032.376 |
|
|
|
5.582 |
5.320 |
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 |
3626.276 |
3828.694 |
4032.376 |
|
Profit |
31.780 |
42.029 |
34.431 |
|
|
0.88% |
1.10% |
0.85% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
|
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
23.468 |
|
(b) Reserves &
Surplus |
|
|
712.697 |
|
(c) Money received
against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
|
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
|
736.165 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
504.807 |
|
(b) Deferred tax
liabilities (Net) |
|
|
33.534 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
4.385 |
|
Total Non-current
Liabilities (3) |
|
|
542.726 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
340.446 |
|
(b) Trade payables |
|
|
201.041 |
|
(c) Other current
liabilities |
|
|
184.690 |
|
(d) Short-term provisions |
|
|
23.887 |
|
Total Current Liabilities
(4) |
|
|
750.064 |
|
|
|
|
|
|
TOTAL |
|
|
2028.955 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
934.213 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital
work-in-progress |
|
|
91.007 |
|
(iv) Intangible assets
under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
13.927 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
0.576 |
|
(e) Other Non-current
assets |
|
|
0.000 |
|
Total Non-Current Assets |
|
|
1039.723 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
37.048 |
|
(b) Inventories |
|
|
273.705 |
|
(c) Trade receivables |
|
|
571.381 |
|
(d) Cash and cash
equivalents |
|
|
46.323 |
|
(e) Short-term loans and
advances |
|
|
60.775 |
|
(f) Other current assets |
|
|
0.000 |
|
Total Current Assets |
|
|
989.232 |
|
|
|
|
|
|
TOTAL |
|
|
2028.955 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
|
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
3828.694 |
|
|
Other Income |
|
|
11.475 |
|
|
TOTAL |
|
|
3840.169 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
2427.272 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
40.596 |
|
|
Employees benefits
expense |
|
|
58.232 |
|
|
Other expenses |
|
|
1063.625 |
|
|
TOTAL |
|
|
3589.725 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
|
250.444 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
118.395 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
132.049 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
|
56.767 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
|
75.282 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
33.253 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
|
42.029 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
17.9 |
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 |
No |
|
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 |
Yes |
|
19 |
Major customers |
Yes |
|
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% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
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 404 Ashirwad Building Ahmedabad Street Sant Tukaram Road, Carnac
Bunder, Mumbai – 400009, Maharashtra, India to
the present address w.e.f. 09.03.2011.
FINANCIAL RESULTS
The Company achieved record revenue from operations of INR 4037.249 Million as compared to the previous year’s figures of INR 3836.874 Million i.e. Increase by 5.22% approx. compare to previous year. The company has earned Cash Profit of INR 147.598 Million as compared to previous year’s cash profit of INR 132.051 Million i.e. increased by 11.77%. The company has earned a Profit before taxation of INR 94.943 Million as compared to the previous year Profit before tax of INR 75.282 Million i.e. increased by 26.11% as compared to the previous year. The Company has earned a Profit after taxation of INR 34.431 Million as compared to the previous year Profit after tax of INR 42.029 Million.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
165.578 |
8.624 |
|
Intercorporate deposits |
0.000 |
118.462 |
|
|
|
|
|
Total |
165.578 |
127.086 |
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G40839136 |
100089365 |
Janata Sahakari Bank Ltd. Pune |
30/03/2017 |
- |
- |
90000000.0 |
Jalna Road Branch,Bagga Chamber, 4/16/26-P, Jalna Road,AurangabadMH431001IN |
|
2 |
C47270566 |
10501546 |
Bank of India Pune Mid Corporate Branch |
13/05/2014 |
18/03/2015 |
- |
660000000.0 |
Mid Corporate Branchat 1162/6, Shivajinagar University RoadPUNEMH411005IN |
|
3 |
C05939863 |
10501561 |
Bank of India Pune Mid Corporate Branch |
13/05/2014 |
- |
- |
613000000.0 |
MID CORPORATE BRANCHat 1162/6, Shivajinagar University RoadPUNEMH411005IN |
|
4 |
B65958498 |
10397176 |
Bank of India Mid Corp Branch |
13/12/2012 |
- |
- |
180000000.0 |
1162/6, Near Hardikar HospitalUniversity Road, Shivaji NagarPuneMH411005IN |
|
5 |
B30330930 |
10331037 |
STATE BANK OF INDIA |
16/01/2012 |
- |
- |
390000000.0 |
INDUSTRIAL FINANCE BRANCH,JAGGI'S BUILDING, KRANTI CHOWKAURANGABADMH431005IN |
|
6 |
B30783971 |
10332462 |
STATE BANK OF INDIA |
13/01/2012 |
- |
- |
390000000.0 |
INDUSTRIAL FINANCE BRANCH,JAGGI'S BUILDING, KRANTI CHOWKAURANGABADMH431005IN |
|
7 |
B65960981 |
10188247 |
Bank of India Mid Corp Branch |
27/11/2009 |
13/12/2012 |
- |
380000000.0 |
1162/6,Shivaji Nagar Near Hardikar HospitalUniversity Road,Shivaji Nagar,PuneMH411005IN |
|
8 |
C78543188 |
10538071 |
Bank of India MID Corporate Branch |
17/12/2014 |
- |
12/02/2016 |
30000000.0 |
1162/6, Near Hardikar HospitalUniversity Road , Shivaji nagar.PuneMH411005IN |
|
9 |
C78541042 |
10484698 |
Bank of India MIDCORP BRANCH |
22/02/2014 |
- |
12/02/2016 |
15000000.0 |
Near Hardikar Hospital1162/6, SHIVAJINAGARPuneMH411005IN |
|
10 |
B13788906 |
90145668 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
16/02/2005 |
18/03/2008 |
30/05/2011 |
55000000.0 |
1ST FLOOR, JEEVAN SUMAN BUILDINGN-5,CIDCO, AURANGABADAURANGABADMH431003IN |
FIXED ASSETS
- Land
- Buildings
- Office building
- Plant and equipment
- Factory equipment
- Furniture and fixtures
- Office equipment
- Computer 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 65.08 |
|
|
1 |
INR 89.85 |
|
Euro |
1 |
INR 80.16 |
INFORMATION DETAILS
|
Information Gathered
by : |
AKS |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
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.