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|
MIRA INFORM REPORT
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Report No. : |
497395 |
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Report Date : |
16.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TIRUPATI STRUCTURALS LIMITED |
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Registered
Office : |
Plot No.81, Basement Floor, Functional Industrial Estate, Patparganj,
New Delhi – 110092 |
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Tel. No.: |
91-11-22145760/ 43041457/ 43041400 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
26.12.1988 |
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Com. Reg. No.: |
55-117190 |
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Capital
Investment / Paid-up Capital : |
INR 102.944 Million |
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CIN No.: [Company Identification
No.] |
U25209DL1988PLC117190 |
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IEC No.: |
0501044400 |
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GST No.: |
07AAACT3824C2ZQ |
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TIN No: |
09188800534 [Sahibabad] 07140290716 [Delhi] |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACT3824C |
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Legal Form : |
A Closely Held Public Limited Liability Company. |
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Line of Business
: |
·
Manufacturer and Supplier of PVC Pipes and
Allied Products. [Confirmed
by Management] ·
Manufacturer of Rigid uPVC Pipes and Fittings, SWR Pipes and Fittings,
Casing Pipes, PRR Pipes and Fittings, Plumbing Pipes, Column Pipes, Foam
Boards, HDPE Sprinkler Irrigation System HDPE Pipes and Water Storage Tanks,
Solid Waste Management Products [Registered Activity] |
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|
|
|
No. of Employees
: |
500 [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 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 1988. The company is a manufacturer and supplier of PVC pipes and allied products. As per the Registrar of Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but documents related to the financial for the year 31.03.2017 are not available from any sources. As per the available financial records of 2016, the company has reported a decline in its revenue as compared to the previous year but has managed to maintain average profitability margin of 2.74%. The overall financial position of the company seems to be healthy marked by above average net worth base along with low debt balance sheet profile and acceptable liquidity position. Business is active. Payment seems to be usually 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
|
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 Loans = BBB+ |
|
Rating Explanation |
Moderate degree of safety and carry moderate credit risk |
|
Date |
31.01.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loans = A2 |
|
Rating Explanation |
Strong degree safety and low credit risk |
|
Date |
31.01.2018 |
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
|
Name : |
Mr. Shekhawat |
|
Designation : |
General Manager of Accounts |
|
Contact No.: |
91-11-43041400 |
|
Date : |
15.03.2015 |
[91-11-22145760] Not Exist
[91-11-43041457] Continuously Ringing
LOCATIONS
|
Registered/ Corporate Office : |
Plot No.81, Basement Floor, Functional Industrial Estate, Patparganj,
New Delhi – 110092, India |
|
Tel. No.: |
91-11-43041457/ 43041400 |
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Fax No.: |
91-11-22144628/ 22145978 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality: |
Industrial |
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Factory 1 : |
A-6 and 6/5, Site-IV, Industrial Area, Sahibabad, Ghaziabad – 201010,
Uttar Pradesh, India |
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Tel. No.: |
91-120-2896998/ 2897561 |
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Fax No.: |
91-120-2897517 |
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Factory 2 : |
50/5 and 50/6, Industrial Area, Site-4, Sahibabad, Ghaziabad – 201010,
Uttar Pradesh, India |
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Tel. No.: |
91-120-4206609 |
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Fax No.: |
91-120-4206610 |
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Factory 3 : |
Plot No.214, Khasra No.212-216, Lakeshwari Industrial Area, Paragana Bhagwanpur,
Roorkee, District Haridwar, Uttrakhand, India
|
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Tel. No.: |
91-1332-235228/ 229/ 230 |
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Fax No.: |
91-1332-235231 |
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Branch Offices : |
Located at: ·
Indore (Madhya Pradesh) ·
Raipur (Chhattisgarh) ·
Gohana (Haryana) ·
Patna (Bihar) |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Lalit Agarwal |
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Designation : |
Managing Director |
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Address : |
B-16, Swasthya Vihar, New Delhi – 110 092, India |
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Date of Birth/Age : |
07.10.1960 |
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Qualification: |
Graduation |
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Date of Appointment : |
01.01.2012 |
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DIN No.: |
00109920 |
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PAN No.: |
AADPA8981B |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Aashish Aggarwal |
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Designation : |
Director |
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Address : |
B-16, Swasthya Vihar, New Delhi – 110 092, India |
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Date of Birth/Age : |
03.04.1973 |
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Date of Appointment : |
30.09.2002 |
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DIN No.: |
00026311 |
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PAN No.: |
AEJPA0655G |
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Other Directorship :
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Romil Agarwal |
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Designation : |
Director |
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Address : |
A-93, Swasthya Vihar, New Delhi – 110 092, India |
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Date of Birth/Age : |
05.08.1975 |
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Qualification: |
Graduation |
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Date of Appointment : |
22.08.2005 |
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DIN No.: |
00586202 |
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PAN No.: |
ADTPA2867P |
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Other Directorship :
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Naresh Chand Maheshwari |
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Designation : |
Director |
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Address : |
KU-112, Vishakha Enclave, Pitampura, New Delhi – 110 034, India |
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Date of Birth/Age : |
08.07.1958 |
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Qualification: |
PH.D |
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Date of Appointment : |
29.09.2007 |
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DIN No.: |
00218051 |
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PAN No.: |
AHTPM6743Q |
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Other Directorship :
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Name : |
Mr. Shubham Agarwal |
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Designation : |
Director |
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Address : |
303, Building No 10159, Padam Singh Road, Karol Bagh, New Delhi -110005, India |
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Date of Birth/Age : |
28.08.1988 |
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Qualification: |
Chartered Accountant |
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Date of Appointment : |
26.05.2016 |
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DIN No.: |
07263869 |
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PAN No.: |
AIUPA2689R |
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Name : |
Mr. Vatsal Agarwal |
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Designation : |
Director |
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Address : |
B-16, Swasthya Vihar, Delhi-110092, India |
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Date of Appointment : |
26.05.2016 |
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DIN No.: |
07520375 |
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PAN No.: |
AMPPA6166N |
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KEY EXECUTIVES
|
Name : |
Mr. Suyash Agarwal |
|
Designation : |
Chief Finance Officer |
|
Address : |
B-16, Swasthya Vihar, Delhi-110092, India |
|
Date of Birth/Age : |
17.09.1990 |
|
Qualification : |
Graduation |
|
Date of Appointment : |
03.09.2014 |
|
PAN No.: |
APUPA3181P |
|
|
|
|
Name : |
Mr. Payal Khandelwal |
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Designation : |
Company Secretary |
|
Address : |
195, Lajpat Nagar, Scheme No:2, Alwar- 301001, Rajasthan, India |
|
Date of Appointment : |
15.07.2015 |
|
PAN No.: |
CQGPK7748R |
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|
|
|
Name : |
Mr. Shekhawat |
|
Designation : |
General Manager of Accounts |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
D.N. Agarwal |
|
1333800 |
|
Vatsal Agarwal |
|
1109000 |
|
Devraj Agarwal (HUF) |
|
890000 |
|
Salini Agarwal |
|
750000 |
|
Romil Agarwal |
|
862000 |
|
Ashish Agarwal |
|
892800 |
|
Lalit Agarwal |
|
1090000 |
|
Marda Commercial and Holdings Limited |
|
1447900 |
|
Lalit Agarwal (HUF) |
|
375000 |
|
Shyama Devi Agarwal |
|
140000 |
|
Suyash Agarwal |
|
554800 |
|
Shashi Agarwal |
|
280000 |
|
Laxmi Devi Agarwal |
|
252000 |
|
Suchita Agarwal |
|
140000 |
|
Daulat Ram Agarwal |
|
140000 |
|
Ananya Agarwal |
|
35000 |
|
Himani Bansal |
|
2100 |
|
Arora Fincap Limited |
|
445205 |
|
|
|
|
|
Total |
|
10739605 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
36.82 |
|
Public/Other than promoters (Individual/Hindu Undivided Family - Indian) |
45.56 |
|
Public/Other than promoters (Body corporate) |
17.63 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
·
Manufacturer and Supplier of PVC Pipes and
Allied Products. [Confirmed
by Management] ·
Manufacturer of Rigid uPVC Pipes and Fittings, SWR Pipes and Fittings,
Casing Pipes, PRR Pipes and Fittings, Plumbing Pipes, Column Pipes, Foam
Boards, HDPE Sprinkler Irrigation System HDPE Pipes and Water Storage Tanks,
Solid Waste Management Products [Registered Activity] |
||||
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Products : |
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||||
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||||
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
|
||||
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Products : |
Raw Material |
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Countries : |
· South Korea · Japan · China |
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||||
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Terms : |
|
||||
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Selling : |
L/C, NEFT and RTGS |
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Purchasing : |
L/C, NEFT and RTGS |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers
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No. of Employees : |
500 [Approximately] |
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Bankers : |
· Kotak Mahindra Bank Limited 36-38A, Nariman Bhavan, 227, D, Nariman Point, Mumbai - 400021, Maharashtra, India · ICICI Bank Limited Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · Standard Chartered Bank 9-10, Bahadur Shah Zafar Marg, 1st Floor, Express Building, Delhi - 110002, Delhi, India · Punjab National Bank Mohan Nagar, Ghaziabad, Uttar Pradesh, India ·
The Hongkong and Shanghai Banking
Corporation Limited 25, Birla Tower, Barakhamba Road, New Delhi -
110001, India ·
DBS Bank Limited Capital Point, Baba Kharak Singh Marg, Connaught
Place, New Delhi - 11000, India |
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Facilities : |
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Auditors : |
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|
Name : |
Y. Agrawal and Company Chartered Accountants |
|
Address : |
4346/4C, Ansari Road, New Delhi – 110 002, India |
|
Tel. No.: |
91-11-23282990/ 23280296 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFY0393A |
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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 : |
· Advance Steel Tubes Limited [L24231UP1978PLC004583] · Advance Stimul Engineering Private Limited [U74120DL2010PTC202152] · Advance Enterprises Private Limited [U51109UP1992PTC014655] · Marda Commercial & Holdings Ltd [L65929WB1990PLC048280] · Sophia Exports Limited [L52110DL1985PLC020059] · Advance Ispat (India) Limited [U27101DL1990PLC039747] · Advance Infrasolutions Private Limited [U45400DL2001PTC111908] · Dahegaon Coal and Power Private Limited [U40300DL2007PTC169566] · Phool Chand Infrastructure Private Limited [U45200DL2009PTC195712] · Rathor Promoters & Developers Private Limited [U45201DL2004PTC131334] · R S A Minerals Private Limited [U13204DL2010PTC207421] · Shidhi Vinayak Agricultural Private Limited [U01403AS2010PTC010304] · SS & AA Minerals Private Limited [U13209DL2010PTC207314] · VN Natural Resources Private Limited [U01400DL2007PTC164367] · TAK Buildtech Private Limited [U70200DL1995PTC210168] · VN Realtors Private Limited [U45201DL2006PTC147066] · Kaveri Tubes (Partnership) · Kaveri Pipes (Partnership) · TSB Tubes & Tank · Advance Hightech Agro Products Private Limited · Shubham Infradevelopers Private Limited |
CAPITAL STRUCTURE
AS ON: 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13000000 |
Equity Shares |
INR 10/- each |
INR 130.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10739605 |
Equity Shares |
INR 10/- each |
INR 107.396 Million |
|
|
|
|
|
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13000000 |
Equity Shares |
INR 10/- each |
INR 130.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10294400 |
Equity Shares |
INR 10/- each |
INR 102.944 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
102.944 |
102.944 |
102.944 |
|
(b) Reserves & Surplus |
545.848 |
492.996 |
429.195 |
|
(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) |
648.792 |
595.940 |
532.139 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
267.066 |
248.065 |
194.417 |
|
(b) Deferred tax liabilities (Net) |
0.492 |
1.855 |
0.491 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
1.467 |
1.501 |
7.564 |
|
Total
Non-current Liabilities (3) |
269.025 |
251.421 |
202.472 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
216.712 |
260.600 |
288.688 |
|
(b)
Trade payables |
248.930 |
217.995 |
223.748 |
|
(c)
Other current liabilities |
51.415 |
57.149 |
35.199 |
|
(d)
Short-term provisions |
23.393 |
22.413 |
18.143 |
|
Total
Current Liabilities (4) |
540.450 |
558.157 |
565.778 |
|
|
|
|
|
|
TOTAL |
1458.267 |
1405.518 |
1300.389 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
266.734 |
279.399 |
242.382 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
101.031 |
97.619 |
89.521 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
86.119 |
51.726 |
36.480 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
8.454 |
15.713 |
19.45 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
462.338 |
444.457 |
387.833 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
296.939 |
253.353 |
323.013 |
|
(c)
Trade receivables |
503.656 |
478.998 |
412.372 |
|
(d)
Cash and cash equivalents |
86.450 |
128.240 |
81.547 |
|
(e)
Short-term loans and advances |
108.884 |
100.470 |
95.624 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
995.929 |
961.061 |
912.556 |
|
|
|
|
|
|
TOTAL |
1458.267 |
1405.518 |
1300.389 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
2064.273 |
2440.900 |
2000.898 |
|
|
|
Other Income |
22.425 |
17.887 |
13.611 |
|
|
|
TOTAL |
2086.698 |
2458.787 |
2014.509 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1567.018 |
1859.523 |
1547.817 |
|
|
|
Purchases of Stock-in-Trade |
20.279 |
46.763 |
21.113 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(13.603) |
(5.438) |
(2.831) |
|
|
|
Employees benefits expense |
61.743 |
57.307 |
53.389 |
|
|
|
Other expenses |
288.907 |
324.711 |
262.038 |
|
|
|
TOTAL |
1924.344 |
2282.866 |
1881.526 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
162.354 |
175.921 |
132.983 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
52.426 |
54.838 |
38.523 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
109.928 |
121.083 |
94.460 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
39.235 |
35.318 |
30.009 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
70.693 |
85.765 |
64.451 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
14.083 |
18.864 |
7.975 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
56.610 |
66.901 |
56.476 |
|
|
|
Earnings Per
Share (INR) |
5.50 |
6.50 |
5.00 |
|
|
PARTICULARS |
|
|
31.03.2017 |
|
Sales Turnover (Approximately) |
|
|
2150.000 |
|
|
|
|
|
Expected Sales (2017-2018): INR 2250.000 Million
The above information has been parted by Mr. Shekhawat (General Manager
of Accounts)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
21.359 |
21.565 |
10.745 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
101.388 |
173.234 |
51.936 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
85.565 |
157.645 |
21.515 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
89.06 |
71.63 |
75.22 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.10 |
5.10 |
4.85 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
57.24 |
41.74 |
52.05 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.55 |
0.69 |
0.41 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.44 |
0.47 |
0.40 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.57 |
0.59 |
0.59 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.78 |
0.89 |
0.93 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.83 |
0.94 |
1.06 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.57 |
0.63 |
0.62 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.10 |
3.21 |
3.45 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.74 |
2.74 |
2.82 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.88 |
4.76 |
4.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
8.73 |
11.23 |
10.61 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.84 |
1.72 |
1.61 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
1.29 |
1.27 |
1.04 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.44 |
0.42 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.91 |
5.15 |
4.80 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.84 |
1.72 |
1.61 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
102.944 |
102.944 |
102.944 |
|
Reserves & Surplus |
429.195 |
492.996 |
545.848 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
532.139 |
595.940 |
648.792 |
|
|
|
|
|
|
long-term borrowings |
194.417 |
248.065 |
267.066 |
|
Short term borrowings |
288.688 |
260.600 |
216.712 |
|
Current Maturities of Long
term debt |
10.745 |
21.565 |
21.359 |
|
Total
borrowings |
493.850 |
530.230 |
505.137 |
|
Debt/Equity
ratio |
0.928 |
0.890 |
0.779 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
2000.898 |
2440.900 |
2064.273 |
|
|
|
21.990 |
-15.430 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
2000.898 |
2440.900 |
2064.273 |
|
Profit |
56.476 |
66.901 |
56.610 |
|
|
2.82% |
2.74% |
2.74% |
LEGAL CASE
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
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 |
G53855458 |
100123561 |
THE HONGKONG AND
SHANGHAI BANKING CORPORATION LIMITED |
12/09/2017 |
- |
- |
200000000.0 |
25, BIRLA TOWERBARAKHAMBA
ROADNEW DELHIDL110001IN |
|
2 |
G55615355 |
100126463 |
THE HONGKONG AND
SHANGHAI BANKING CORPORATION LIMITED |
12/09/2017 |
- |
- |
25000000.0 |
25, BIRLA
TOWERBARAKHAMBA ROADNEW DELHIDL110001IN |
|
3 |
G54258744 |
100124443 |
DBS BANK LTD. |
11/09/2017 |
- |
- |
180000000.0 |
CAPITAL POINT,
BABA KHARAK SINGH MARGCONNAUGHT PLACE,NEW DELHIDL110001IN |
|
4 |
B94346244 |
10472533 |
STANDARD CHARTERED
BANK |
28/12/2013 |
- |
- |
48300000.0 |
9-10, BAHADUR SHAH
ZAFAR MARG1ST FLOOR, EXPRESS BUILDINGDELHIDL110002IN |
|
5 |
B96511886 |
10462186 |
ICICI BANK LIMITED |
30/10/2013 |
13/02/2014 |
- |
50000000.0 |
LANDMARKRACE
COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
6 |
G43855501 |
10262175 |
ICICI BANK LIMITED |
05/01/2011 |
28/10/2016 |
- |
257800000.0 |
ICICI BANK TOWER,
NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN |
|
7 |
C04041646 |
90054740 |
PUNJAB NATIONAL
BANK |
05/12/2002 |
24/04/2014 |
- |
340000000.0 |
MOHAN
NAGARGAZIABADUP201012IN |
|
8 |
C32522138 |
80007443 |
PUNJAB NATIONAL
BANK |
10/01/2001 |
28/03/2008 |
31/10/2014 |
60000000.0 |
MOHAN
NAGARGHAZIZBADUP210012IN |
|
9 |
C19700483 |
10483115 |
PUNJAB NATIONAL
BANK |
17/02/2014 |
- |
09/09/2014 |
10000000.0 |
MOHAN
NAGARGHAZIABADUP201007IN |
|
10 |
C18055202 |
10292978 |
ICICI BANK LIMITED |
03/05/2011 |
13/06/2011 |
25/08/2014 |
20000000.0 |
LANDMARKRACE
COURCE CIRCLEALKAPURIBARODAGJ390015IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
65.800 |
35.079 |
|
Loans and advances from others |
161.022 |
151.741 |
|
|
|
|
|
Total |
226.822 |
186.82 |
OPERATIONS
The net revenue of the Company decreased by 15.42% to INR 2064.200 million, whereas the profit before tax decreased by 17.58% to INR 70.693 million
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment’s
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment’s
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 |
|
UK Pound |
1 |
INR 90.72 |
|
Euro |
1 |
INR 80.32 |
INFORMATION
DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
ARC |
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 |
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.