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MIRA INFORM REPORT
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Report No. : |
497711.2 |
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Report Date : |
16.03.2018 |
IDENTIFICATION DETAILS
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Name : |
SANVIJAY ROLLING AND ENGINEERING LIMITED (w.e.f.19.05.2000) |
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Formerly Known As
: |
SANVIJAY RE-ROLLING AND ENGINEERING WORKS LIMITED (w.e.f. 18.06.1996) SANVIJAY RE-ROLLING AND ENGINEERING WORKS PRIVATE LIMITED |
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Registered
Office : |
Plot No. 9, Immamwada Road, Nagpur – 440018, Maharashtra |
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Tel. No.: |
91-712-2729130/ 2729136 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
16.10.1987 |
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Com. Reg. No.: |
11-045013 |
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Capital
Investment / Paid-up Capital : |
INR 50.000 Million |
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CIN No.: [Company Identification
No.] |
U27100MH1987PLC045013 |
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IEC No.: |
0398012741 |
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GST No.: |
27AACCS0217J1ZK |
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TIN No.: |
27820000079 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCS0217J |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer, Trader and Exporter of Iron and Steel Products
such as Angles, Channels, Flats, Rounds, Billets, Squares, Beams, etc.
(Registered Activity and also Confirmed by management) |
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No. of Employees
: |
800 [Approximately] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1987. It is a manufacturer, trader and exporter of iron and steel products such as Angles, Channels, Flats, Rounds, Billets and Squares. For the financial year ended 2017, the company has reported decline in its revenue as compared to previous year but has managed to maintain low profit margin of 1.89%. The sound financial profile of the company is marked by healthy net worth base along with negligible debt level. The company has favourable Earning Per Share (EPS) of INR 290.63 against a face value (FV) of INR 100. The rating takes into consideration the subject’s long established track record of business operations along with extensive experience of its promoters. However, rating strengths are partially offset by unfavourable gap between trade payables and trade receivables and highly competitive steel industry. Trade relations are reported as fair. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. |
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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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India |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CARE |
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Rating |
Long term bank facilities (Withdrawn) = BBB- |
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Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
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Date |
19.12.2017 |
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Rating Agency Name |
CARE |
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Rating |
Short term bank facilities (Withdrawn) = A3 |
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Rating Explanation |
Moderate degree of safety and higher credit
risk. |
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Date |
19.12.2017 |
Reason for withdrawal: received no objection certificate from bank
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 16.03.2018.
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 [GENERAL DETAILS]
|
Name : |
Mr. Deepak Dixit |
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Designation : |
Finance Manager |
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Contact No.: |
91-712-2729130 |
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Date: |
13.03.2018 |
LOCATIONS
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Registered Office : |
Plot No. 9, Immamwada Road, Nagpur – 440018, Maharashtra, India |
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Tel. No.: |
91-712-2729130 to 36 |
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Mobile No.: |
91-9822221508 (Mr. Pradeep Dixit) |
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Fax No.: |
91-712-2720716 |
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E-Mail : |
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Website : |
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Location: |
Owned |
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Locality: |
Residential |
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Factory 1: |
Plot No. F-16, MIDC, Hingna Road, Nagpur – 440028,
Maharashtra,
India |
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Tel. No.: |
91-7104-236476/ 237961/ 236782 |
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Factory 2: |
Plot No. S-88/1, MIDC, Hingna Road, Nagpur – 440028,
Maharashtra,
India |
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Tel. No.: |
91-7104-235942/ 234949/ 236942 |
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Factory 3: |
Plot No. 41 and 43, MIDC, Hingna Road, Nagpur – 440028,
Maharashtra,
India |
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Tel. No.: |
91-7104-235064/ 235713/ 235697 |
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Factory 4: |
Plot No. F-11/12, MIDC, Hingna Road, Nagpur – 440028,
Maharashtra,
India |
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Tel. No.: |
91-7104-236472/ 236473/ 236761 |
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Factory 5: |
Plot No. 202, Butibori, MIDC Area, Nagpur – 440028,
Maharashtra,
India |
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Tel. No.: |
91-7104-265409/ 265159/ 60 |
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Factory 6: |
Plot No. 203-206, Butibori, MIDC Area, Nagpur – 441108, Maharashtra, India |
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Tel. No.: |
91-7104-265692/ 94/ 96/ 265686 |
DIRECTORS
AS ON 31.03.2017
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Name : |
Mr. Ajay Puranlal Agrawal |
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Designation : |
Whole Time Director |
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Address : |
12, Daga Layout, North Ambazari Road, Gandhi Nagar, Nagpur-440010, Maharashtra, India |
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Date of Birth/Age : |
12.11.1979 |
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Qualification : |
B. Tech |
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Date of Appointment : |
03.03.2004 |
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PAN No.: |
ABUPA3426F |
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DIN No.: |
00084840 |
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Other Directorship:
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Name : |
Mrs. Kavita Sanjay Agrawal |
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Designation : |
Director |
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Address : |
Plot No.26, Bhagwaghar Lay Out Dharampeth, Nagpur-440010, Maharashtra, India |
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Date of Birth/Age : |
07.01.1968 |
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PAN: |
ABGPA8625G |
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Date of Appointment : |
30.06.2015 |
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DIN No.: |
00085004 |
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Other Directorship:
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Name : |
Mr. Sanjay Puranlal Agrawal |
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Designation : |
Whole Time Director |
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Address : |
Plot No.26, Bhagwaghar Layout Dharampeth Nagpur 440010, Mahara |
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Date of Birth/Age : |
26.07.1966 |
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Qualification : |
B. Com |
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Date of Appointment : |
16.02.2003 |
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PAN No.: |
ABUPA3463G |
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DIN No.: |
00308722 |
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Name : |
Mr. Suyash Suresh Bajoria |
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Designation : |
Director |
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Address : |
402/403, Jagat Plaza Law College Square, Amravati Road, Nagpur-440010, Maharashtra, India |
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Date of Appointment : |
30.03.2015 |
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DIN No.: |
06805605 |
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Other Directorship:
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Name : |
Mr. Jignesh Chetan Kurani |
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Designation : |
Director |
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Address : |
House No -755-14, New Itwari Housing Society Itwari Road Nagpur-440002, Maharashtra, India |
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Date of Appointment : |
30.03.2015 |
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DIN No.: |
06905130 |
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Other Directorship:
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Name : |
Mr. Shrikant Agrawal |
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Designation : |
Additional Director |
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Address : |
26, Hindustan Colony, Amravati Road, Nagpur-440033, Maharashtra, India |
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Date of Appointment : |
13.05.2017 |
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DIN No.: |
02446283 |
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KEY EXECUTIVES
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Name : |
Mr. Kailash Purushottam Purohit |
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Designation : |
Company Secretary |
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Address : |
141, Ramsumer Baba Nagar Near Shanti Nagar, Nagpur-440002, Maharashtra, India |
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Date of Appointment : |
08.08.2016 |
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PAN No.: |
BMNPP5559F |
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Name : |
Mr. Deepak Dixit |
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Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
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Names of Shareholders |
No. of Shares |
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Sanjay Puranlal Agrawal |
97500 |
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Sitadevi Puranlal Agrawal |
73960 |
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Kavita Sanjay Agrawal |
97500 |
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Ajay Puranlal Agrawal |
95140 |
|
Damodar Vinimay Private Limited, India |
7725 |
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Basukinath Sales Private Limited, |
15525 |
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Basudeo Vyapar Private Limited, India |
15150 |
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Saurabh Sanjay Agrawal |
97500 |
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Total |
500000 |
AS ON 30.09.2016
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Equity Share Breakup |
Percentage of Holding |
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Category |
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Promoters- Individual/Hindu Undivided Family- Indian |
92.32 |
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Public/Other than promoters - Body corporate |
7.68 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Trader and Exporter of Iron and Steel
Products such as Angles, Channels, Flats, Rounds, Billets, Squares, Beams,
etc. (Registered Activity and also Confirmed by management) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Iron and Steel Products |
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Countries : |
· Dubai · Oman · Qatar · Saudi Arabia, etc. |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Advance Payment, L/C and Others [NEFT] |
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Purchasing : |
Advance Payment, L/C and Others [NEFT] |
PRODUCTION STATUS (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
· A J Logistics · Amit Motor Transport Company · Anand Trailor Transport · Ankita Transporters · Arora Transport · B S Hydra Works · Balan Transports, etc. |
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Customers : |
End Users · Bajaj · Airtel · Vestas · Reliance · Unitech · TATA · Jyoti Structures Limited · Telecom |
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No. of Employees : |
800 [Approximately] |
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Bankers : |
· State Bank of India Industrial Finance Branch, 5, Sai Complex, Bharat Nagar, Amravati Road, Post Box No.401, Nagpur – 440033, Maharashtra, India · IDBI Bank Limited 3rd Floor, Gupta Tower, Temple Road, Civil Lines, Nagpur – 440001, Maharashtra, India · Canara Bank MID Corporate Branch, 32, Corporation Colony, North Ambazari Road, Nagpur-440010, Maharashtra, India · Bank of Baroda Dharampeth Branch, West Height Court Road, Dharampeth, Nagpur-440010, Maharashtra, India · The Lakshmi Vilas Bank Limited Plot No. 93-94, Bharari Central Avenue, Nagpur-440018, Maharashtra, India · UCO Bank UCO Bankitwari Branch, Salasar Plaza, Post Office Road,
Gandhi Bagh, Nagpur-440002, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Gupta Sarda and Bagdia Chartered Accountants |
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Address : |
Business Plaza, U G Floor, 6 Farmland, Central Bazar Road, Lokmat Square, Nagpur - 440010, Maharashtra, India |
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Tel. No.: |
91-712-2435068 |
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Email: |
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Income-tax PAN of auditor or auditor's firm
: |
AAAFG8821D |
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Memberships : |
Not Available |
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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: |
· Prakash Traders* · Sunrise Structurals and Engineering Private Limited, India [U45208MH1980PTC022816] · Diu Ispat Udyog Private Limited, India [U27100MH1988PTC046143] · Liberty Computer Stationery Limited, India [U30007MH1990PLC056918] · Puranlal Agrawal (HUF) · Satya Shyam Steels Private Limited, India [U27101MH2005PTC229064] · Somu Steel and Power Limited, India [U27106MH2007PLC176783] · Daivya Aahar Private Limited, India [U45209MH1995PTC094474] · Sanvijay Infrastructures Private Limited, India [U74900MH2009PTC195711] · Prakash Traders Private Limited, India [U28920MH1982PTC029004] · Satyashyam Steels Private Limited * Proprietary concerns of one of the key managerial personnel. |
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Subsidiary Company: |
Grace Industries Limited, India [U27100MH2003PLC141810] |
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Subsidiary of
subsidiary of the company: |
· Maharashtra Coal Company Private Limited · Sanvijay Engineering and Structures Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 100/- each |
INR 100.000 Million |
|
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
50.000 |
50.000 |
50.000 |
|
(b) Reserves and Surplus |
4424.259 |
4285.970 |
4232.933 |
|
(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) |
4474.259 |
4335.970 |
4282.933 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
148.201 |
158.687 |
663.556 |
|
(b) Deferred tax liabilities (Net) |
233.212 |
216.205 |
214.192 |
|
(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) |
381.413 |
374.892 |
877.748 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
4014.018 |
3875.198 |
3878.704 |
|
(b) Trade
payables |
323.715 |
221.561 |
338.834 |
|
(c) Other
current liabilities |
591.104 |
482.601 |
344.109 |
|
(d) Short-term
provisions |
0.000 |
18.166 |
0.250 |
|
Total Current
Liabilities (4) |
4928.837 |
4597.526 |
4561.897 |
|
|
|
|
|
|
TOTAL |
9784.509 |
9308.388 |
9722.578 |
|
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|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1468.109 |
1195.226 |
1270.594 |
|
(ii)
Intangible Assets |
0.537 |
0.921 |
1.194 |
|
(iii) Tangible assets
capital work-in-progress |
100.600 |
160.685 |
27.147 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
252.144 |
252.134 |
252.234 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
110.769 |
122.133 |
97.416 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1932.159 |
1731.099 |
1648.585 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2428.513 |
2441.473 |
2786.363 |
|
(c) Trade
receivables |
2499.093 |
2785.187 |
2500.679 |
|
(d) Cash and
bank balances |
271.124 |
31.872 |
46.528 |
|
(e)
Short-term loans and advances |
2653.620 |
2318.757 |
2740.423 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
7852.350 |
7577.289 |
8073.993 |
|
|
|
|
|
|
TOTAL |
9784.509 |
9308.388 |
9722.578 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
7702.731 |
9034.675 |
9250.949 |
|
|
Other Income |
47.612 |
294.912 |
16.730 |
|
|
TOTAL
|
7750.343 |
9329.587 |
9267.679 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
5649.822 |
6663.281 |
7487.916 |
|
|
Purchases of Stock-in-Trade |
477.432 |
517.875 |
490.752 |
|
|
Changes in inventories of finished goods,
work-in-progress and Stock-in-Trade |
(81.802) |
508.918 |
(207.382) |
|
|
Employee benefit expense |
164.148 |
161.520 |
146.436 |
|
|
CSR expenditure |
0.000 |
0.000 |
0.100 |
|
|
Other expenses |
900.341 |
1068.053 |
1001.271 |
|
|
Prior period items |
0.000 |
0.000 |
(0.046) |
|
|
TOTAL |
7109.941 |
8919.647 |
8919.047 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
640.402 |
409.940 |
348.632 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
295.406 |
142.916 |
182.863 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
344.996 |
267.024 |
165.769 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
148.150 |
144.138 |
154.33 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
196.846 |
122.886 |
11.439 |
|
|
|
|
|
|
|
Less |
TAX |
51.532 |
69.850 |
5.911 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
145.314 |
53.036 |
5.528 |
|
|
|
|
|
|
|
|
VALUE OF EXPORTS ON F.O.B BASIS - EXPORT OF GOODS |
12.723 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Material |
6.157 |
154.400 |
|
|
|
Consumable (moulds) |
0.000 |
1.500 |
|
|
|
Repair & Maintenance |
0.297 |
0.300 |
|
|
|
Capital Assets |
0.000 |
0.800 |
|
|
|
Capital Assets (WIP) |
0.000 |
3.900 |
|
|
|
TOTAL IMPORTS |
6.454 |
160.900 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
290.63 |
106.07 |
11.06 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
3.380 |
6.079 |
6.013 |
|
|
|
|
|
|
Cash generated from operations |
1051.680 |
271.414 |
656.230 |
|
|
|
|
|
|
Net cash flows/ (outflow) from operating activities |
962.663 |
259.086 |
715.875 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
118.42 |
112.52 |
98.67 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.08 |
3.24 |
3.70 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
19.28 |
11.26 |
15.50 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.26 |
0.17 |
0.13 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.41 |
0.30 |
0.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.52 |
0.51 |
0.54 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.93 |
0.93 |
1.06 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.10 |
1.06 |
1.07 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.35 |
0.31 |
0.30 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.17 |
2.87 |
1.91 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.89 |
0.59 |
0.06 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.49 |
0.57 |
0.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
3.25 |
1.22 |
0.13 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.59 |
1.65 |
1.77 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.10 |
1.12 |
1.16 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.46 |
0.47 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
83.31 |
80.80 |
90.97 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.59 |
1.65 |
1.77 |
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 |
50.000 |
50.000 |
50.000 |
|
Reserves & Surplus |
4232.933 |
4285.970 |
4424.259 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
4282.933 |
4335.970 |
4474.259 |
|
|
|
|
|
|
long-term borrowings |
663.556 |
158.687 |
148.201 |
|
Short term borrowings |
3878.704 |
3875.198 |
4014.018 |
|
Current Maturities of Long
term debt |
6.013 |
6.079 |
3.380 |
|
Total
borrowings |
4548.273 |
4039.964 |
4165.599 |
|
Debt/Equity
ratio |
1.062 |
0.932 |
0.931 |
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 |
9250.949 |
9034.675 |
7702.731 |
|
|
|
(2.338) |
(14.743) |
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 |
9250.949 |
9034.675 |
7702.731 |
|
Profit |
5.528 |
53.036 |
145.314 |
|
|
0.06% |
0.59% |
1.89% |
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 |
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% |
-- |
|
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 |
INDEX OF CHARGES:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B92196161 |
10466756 |
IDBI BANK LIMITED |
26/11/2013 |
- |
- |
300000000.0 |
3RD FLOOR,GUPTA TOWER, TEMPLE ROAD, CIVIL LINES,NAGPURMH440001IN |
|
2 |
C03366341 |
10003936 |
UCO BANK |
24/03/2006 |
15/04/2014 |
- |
2850000000.0 |
UCO BANKITWARI BRANCH,SALASAR PLAZA,POSTOFC RD,GANDHIBAGHNAGPURMH440002IN |
|
3 |
G36029445 |
90236445 |
UCO BANK |
21/07/2005 |
16/01/2017 |
- |
3700000000.0 |
MID CORPORATE BRANCH9, RAMKRISHNA NAGAR, AJNI SQUARE, WARDHA ROADNAGPURMH440003IN |
|
4 |
G37586294 |
10489045 |
STATE BANK OF INDIA |
29/03/2014 |
29/06/2015 |
02/03/2017 |
600000000.0 |
INDUSTRAIL FINANCE BRANCH, 5, SAI COMPLEXBHARAT NAGAR, AMRAVATI ROAD, POST BOX NO.401NAGPURMH440033IN |
|
5 |
B37295656 |
90226786 |
ING - VYSYA BANK LTD. |
06/11/2004 |
- |
11/04/2012 |
250000000.0 |
22 ; MG ROAD;BANGALOREKAIN |
|
6 |
B37297322 |
90226780 |
ING - VYSYA BANK LTD. |
14/07/2004 |
- |
11/04/2012 |
800000000.0 |
22 ; MG ROAD;BANGALOREKAIN |
|
7 |
B36639516 |
90220186 |
THE LAKSHMI VILAS BANK LTD. |
14/06/1994 |
08/06/2004 |
29/03/2012 |
31000000.0 |
NAGPURNAGPURMHIN |
|
8 |
B36637841 |
90225962 |
THE LAKSHMI VILAS BANK LTD. |
13/06/1994 |
24/04/2001 |
29/03/2012 |
11000000.0 |
NAGPURNAGPURMHIN |
|
9 |
B36640779 |
90222346 |
THE LAKSHMI VILAS BANK LTD. |
14/06/1994 |
12/02/1998 |
29/03/2012 |
31000000.0 |
NAGPURNAGPURMHIN |
|
10 |
B35303668 |
10003939 |
UCO BANK |
24/03/2006 |
- |
12/03/2012 |
750000000.0 |
ITWARI BRANCH ,SALASAR PLAZAPOST OFFICE ROAD GANDHI BAUGHNAGPURMH440002IN |
UNSECURED LOANS:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG TERM
BORROWING |
|
|
|
Deferred payable liabilities |
|
|
|
From sales tax under deferral scheme |
106.610 |
106.610 |
|
Loans and advances from related parties |
|
|
|
From director |
38.800 |
44.760 |
|
From others |
2.242 |
3.338 |
|
|
|
|
|
SHORT TERM
BORROWING |
|
|
|
Loans and advances from others |
241.500 |
211.103 |
|
|
|
|
|
Total |
389.152 |
365.811 |
FIXED ASSETS:
Tangible assets
· Land
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Computer equipment
· Office Equipment
Intangible assets
· 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 64.94 |
|
|
1 |
INR 90.72 |
|
Euro |
1 |
INR 80.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
ARC |
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 |
YES |
|
--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.
·