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MIRA INFORM REPORT
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Report No. : |
498895 |
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Report Date : |
19.03.2018 |
IDENTIFICATION DETAILS
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Name : |
GUPTA POWER INFRASTRUCTURE LIMITED |
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Formerly Known
As : |
GUPTA CABLES
PRIVATE LIMITED |
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Registered
Office : |
EN-62, Sector - V, 7th Floor, Salt Lake City, Kolkata-700091, West Bengal |
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Tel. No.: |
91-33-40657348 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
09.05.1961 |
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Com. Reg. No.: |
21-025104 |
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Capital
Investment / Paid-up Capital : |
INR 95.436 Million |
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CIN No.: [Company Identification
No.] |
U31300WB1961PLC025104 |
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IEC No.: |
2394000546 |
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TIN No.: |
21311100002 |
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GST No.: |
21AAACG9210B1ZG |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACG9210B |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Manufacturing of Cables, Conductors and PSC Poles. (Registered Activity) |
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No. of Employees
: |
Not Divulged |
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 |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1961. It is a manufacturer and exporter of conductors and cables. For the financial year 2017, the company has achieved 11.58% revenue growth as compared to the previous year along with an average profit margin of 1.76%. The sound financial risk profile of the company is marked by adequate net worth base along with comfortable debt balance sheet profile. Rating takes into considerate the subject’s acceptable Earning Per Share (EPS) of INR 57.35 against the Face Value (FV) of INR 10. Rating also takes into consideration the subject’s long established track record of business operations along with extensive experience of its promoters. Payment seems to be regular. In view of 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 |
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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 |
CRISIL |
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Rating |
Long term bank facilities = BBB+ (Suspended) |
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Rating Explanation |
Moderate degree of safety and moderate credit risk. |
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Date |
19.07.2017 |
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Rating Agency Name |
CRISIL |
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Rating |
Short term bank facilities = A2 (Suspended) |
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Rating Explanation |
Strong degree of safety and low credit risk. |
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Date |
19.07.2017 |
Reason for suspension: On company’s request and on receipt of a no objection certificates (NOC) from its bankers.
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 19.03.2018.
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 DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-674-2313898]
LOCATIONS
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Registered Office : |
EN-62, Sector - V, 7th Floor, Salt Lake City, Kolkata-700091, West Bengal, India |
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Tel. No.: |
91-33-40657348 |
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Mobile No.: |
91-9337133228 [Mr. Samir] |
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Fax No.: |
91-33-40657348 |
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E-Mail : |
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Website : |
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Corporate Office : |
Plot No. 896, Cuttack Puri Road, In front of Budneshwar Temple,
Bhubaneshwar – 751006, Odisha,
India |
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Tel. No.: |
91-674-2313898/ 2312945 |
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Fax No.: |
91-674-2312083 |
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Factory 1 : |
Plot No-F/9, IDCO IID Centre, Khurda-752054, Odisha, India |
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Tel. No.: |
91-674-2313898/ 2312945 |
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Fax No.: |
91-674-2312083/ 2312876 |
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Factory 2 : |
Shed No.13 and 18, Phase - V, SIDCO Industrial Estate, Gummidipoondi,
Chennai – 601201, Tamilnadu, India |
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Tel. No.: |
91-44-27921349 |
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Fax No.: |
91-44-37909900 |
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Marketing Office 1: |
Flat - F, First Floor Ashwin Apartments CP Ramaswamy Road, Alwarpet, Chennai - 600018, Tamilnadu, India |
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Tel. No.: |
91-44-26222262 |
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Marketing Office 2 : |
Unique House, S2, Ground Floor, Besides Procter and Gamble (PandG) Plaza, Chakala Road, Andheri [East], Mumbai – 400099, Maharashtra, India |
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Tel. No.: |
91-22-32261641/ 2 |
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Fax No.: |
91-22-28328199 |
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Marketing Office 3: |
502, 5th Floor, KM Trade Tower, (Hotel Radisson Blu Complex), Sector 14, Kaushambi, Ghaziabad – 201010, Uttar Pradesh, India |
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Tel. No.: |
91-120-4224130 |
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Branch Offices : |
Located at: · Bangalore · Bhopal · Vadodara · Hyderabad · Raipur |
DIRECTORS
AS ON: 31.03.2017
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Name : |
Mr. Mahendra Kumar Gupta |
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Designation : |
Managing Director |
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Address : |
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Date of Birth/Age : |
01.10.1952 |
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Date of Appointment : |
05.09.1997 |
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PAN No.: |
AASPG3097R |
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DIN No.: |
00492922 |
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Other Directorship:
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Name : |
Mr. Pravin Kumar Agarwal |
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Designation : |
Director |
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Address : |
Flat No. 627, Gobindh Block, Nalajee Complex Jail Road, Jharapada,
Bhubaneshwar-751006, Khurda, Odisha, India |
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Date of Birth/Age : |
02.11.1964 |
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Date of Appointment : |
05.07.2014 |
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PAN No.: |
AAWPA5126B |
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DIN No.: |
06902513 |
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Name : |
Mrs. Kiran Devi Gupta |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
18.01.1945 |
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Date of Appointment : |
01.01.2004 |
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DIN No.: |
01348787 |
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Name : |
Mr. Bhagat Ram Gupta |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
12.11.1943 |
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Qualification : |
Graduate |
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Date of Appointment : |
05.09.1997 |
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PAN No.: |
AASPG3098A |
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DIN No.: |
00492874 |
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Other Directorship:
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Name : |
Mr. Abhishek Gupta |
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Designation : |
Director |
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Address : |
Gupta Niwas Station Road, Bhubaneshwar, Khurda – 751006, Orissa, India
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Date of Birth/Age : |
02.03.1975 |
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Qualification : |
Graduate |
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Date of Appointment : |
20.12.2006 |
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PAN No.: |
ADRPG4945N |
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DIN No.: |
00492732 |
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Name : |
Mr. Jitendra Mohan Gupta |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
09.07.1972 |
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Qualification : |
Graduate |
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Date of Appointment : |
05.09.1997 |
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PAN No.: |
AASPG3099B |
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DIN No.: |
00492662 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON: 22.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
53.06 |
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Promoters – Body Corporate |
46.94 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the business of Manufacturing of Cables, Conductors and PSC Poles. (Registered Activity) |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
· Alstom · Adani · Aarti · Bajaj Electricals Limited · DPSC Limited · Get Power Private Limited · Indian Oil |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Oriental Bank of Commerce Alok Bharati Tower, Sahid Nagar, Bhubaneswar-751007, Odisha, India · Canara Bank Buxi Bazar Branch, Manglabagh, Cuttack-753001, Odisha, India · ICICI Bank Limited Landmarkrace Cource Circle, Alkapuri, Baroda-390015,
Gujarat, India |
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Facilities : |
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Auditors : |
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Name : |
M K P S and Associates Chartered Accountants |
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Address : |
Block "B", Monalika Apartment, Lalbahadur Shastri Colony, Old Station Square, Cuttack Road, Bhubaneswar-751006, Odisha, India |
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PAN No.: |
AASFM8070 |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9543560 |
Equity Shares |
INR 10/- each |
INR 95.436 Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
95.436 |
91.186 |
86.686 |
|
(b) Reserves and Surplus |
4395.579 |
3694.968 |
3017.550 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
170.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
4491.015 |
3956.154 |
3104.236 |
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
804.021 |
895.786 |
902.739 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
5.399 |
13.825 |
|
(c) Other long-term
liabilities |
0.000 |
17.045 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
804.021 |
918.230 |
916.564 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
6115.509 |
5631.826 |
4874.792 |
|
(b) Trade
payables |
2010.412 |
1664.965 |
1052.822 |
|
(c) Other
current liabilities |
298.141 |
300.592 |
163.314 |
|
(d) Short-term
provisions |
22.314 |
10.438 |
15.601 |
|
Total Current
Liabilities (4) |
8446.376 |
7607.821 |
6106.529 |
|
|
|
|
|
|
TOTAL |
13741.412 |
12482.205 |
10127.329 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
1440.241 |
1365.819 |
1350.254 |
|
(ii)
Intangible Assets |
4.554 |
3.317 |
5.086 |
|
(iii) Tangible assets
capital work-in-progress |
785.207 |
693.153 |
418.915 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
33.753 |
19.399 |
0.000 |
|
(c) Deferred tax assets (net) |
5.641 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
66.369 |
54.000 |
56.339 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
2335.765 |
2135.688 |
1830.594 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
15.873 |
|
(b)
Inventories |
3875.779 |
3732.676 |
2638.276 |
|
(c) Trade
receivables |
6262.999 |
5829.575 |
4982.268 |
|
(d) Cash and
bank balances |
1152.865 |
751.734 |
633.349 |
|
(e)
Short-term loans and advances |
114.004 |
32.532 |
26.969 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
11405.647 |
10346.517 |
8296.735 |
|
|
|
|
|
|
TOTAL |
13741.412 |
12482.205 |
10127.329 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
31123.649 |
27892.795 |
22458.314 |
|
|
Other Income |
0.192 |
13.210 |
31.874 |
|
|
TOTAL |
31123.841 |
27906.005 |
22490.188 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
27538.552 |
25432.477 |
20557.628 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
170.936 |
(613.974) |
(376.547) |
|
|
Employee benefit expense |
506.548 |
411.667 |
265.266 |
|
|
CSR expenditure |
5.122 |
2.714 |
0.685 |
|
|
Other expenses |
1246.674 |
1144.205 |
693.556 |
|
|
TOTAL |
29467.832 |
26377.089 |
21140.588 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1656.009 |
1528.916 |
1349.600 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
896.064 |
837.209 |
706.620 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
759.945 |
691.707 |
642.980 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
154.398 |
135.013 |
129.519 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
605.547 |
556.694 |
513.461 |
|
|
|
|
|
|
|
Less |
TAX |
58.260 |
44.314 |
62.797 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
547.287 |
512.380 |
450.664 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
57.35 |
56.19 |
53.38 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
194.508 |
176.749 |
116.937 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
1372.186 |
416.705 |
(792.958) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
1252.717 |
292.548 |
(857.648) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
73.45 |
76.28 |
80.97 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.97 |
4.78 |
4.51 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
26.65 |
23.90 |
18.69 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.43 |
0.41 |
0.51 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.74 |
0.74 |
0.76 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.69 |
0.70 |
0.70 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.58 |
1.69 |
1.90 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.88 |
1.92 |
1.97 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.50 |
0.52 |
0.57 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.85 |
1.83 |
1.91 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.76 |
1.84 |
2.01 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.98 |
4.10 |
4.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.19 |
12.95 |
14.52 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.35 |
1.36 |
1.36 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.89 |
0.87 |
0.93 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.33 |
0.32 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
74.54 |
73.52 |
68.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.35 |
1.36 |
1.36 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
86.686 |
91.186 |
95.436 |
|
Reserves & Surplus |
3017.550 |
3694.968 |
4395.579 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
170.000 |
0.000 |
|
Net
worth |
3104.236 |
3956.154 |
4491.015 |
|
|
|
|
|
|
Long-term borrowings |
902.739 |
895.786 |
804.021 |
|
Short term borrowings |
4874.792 |
5631.826 |
6115.509 |
|
Current maturities of
long-term debts |
116.937 |
176.749 |
194.508 |
|
Total
borrowings |
5894.468 |
6704.361 |
7114.038 |
|
Debt/Equity
ratio |
1.899 |
1.695 |
1.584 |
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 |
22458.314 |
27892.795 |
31123.649 |
|
|
|
24.198 |
11.583 |
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 |
22458.314 |
27892.795 |
31123.649 |
|
Profit/ (Loss) |
450.664 |
512.380 |
547.287 |
|
|
2.01
% |
1.84
% |
1.76
% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
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 |
G36162733 |
100077840 |
ORIENTAL BANK OF COMMERCE |
03/02/2017 |
- |
- |
625000000.0 |
ALOK BHARATI TOWER,SAHID NAGAR,BHUBANESWAROR751007IN |
|
2 |
C80364912 |
10622816 |
HDFC BANK LIMITED |
31/12/2015 |
- |
- |
200000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL WESTMUMBAIMH400013IN |
|
3 |
C77403004 |
10616720 |
BANK OF INDIA |
22/12/2015 |
- |
- |
1000000000.0 |
BHUBANESWAR MID CORPORATE BRANCHN 1/298, NAYAPALIBHUBANESWAROR751015IN |
|
4 |
C73100554 |
10606703 |
ICICI Bank Limited |
04/11/2015 |
15/12/2015 |
- |
200000000.0 |
LANDMARK RACE COURCE CIRCLEVADODARAVADODARAGJ390007IN |
|
5 |
B75154112 |
10354587 |
HDFC BANK LIMITED |
20/03/2012 |
18/04/2013 |
- |
575000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
6 |
C66451063 |
10344388 |
ICICI Bank Limited |
01/03/2012 |
05/10/2015 |
- |
763000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBarodaGJ390015IN |
|
7 |
C42796805 |
10345801 |
INDUSIND BANK LTD. |
08/02/2012 |
12/12/2014 |
- |
689000000.0 |
SAVITRI TOWER3A UPPER WOOD STREETKOLKATAWB700017IN |
|
8 |
G09603499 |
10211964 |
CANARA BANK |
22/02/2010 |
29/06/2016 |
- |
13036500000.0 |
BUXI BAZAR BRANCHMANGLABAGHCUTTACKOR753001IN |
|
9 |
A83171884 |
10211954 |
CANARA BANK |
22/02/2010 |
- |
- |
250000000.0 |
BUXI BAZAR BRANCHMANGLABAGCUTTACKOR753001IN |
|
10 |
G43382134 |
10135785 |
CANARA BANK |
05/11/2008 |
03/03/2017 |
- |
26350000000.0 |
BUXI BAZAAR BRANCHMANGLABAGCUTTACKOR752057IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Other loans and advances, others |
473.525 |
465.368 |
|
|
|
|
|
Total |
473.525 |
465.368 |
OPERATIONS
The Company has reported total income of INR 31123.841 Million for the current year as compared to INR 27906.005 Million in the previous year.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts, India Prisons Service, Interpol, etc.
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 64.87 |
|
UK Pound |
1 |
INR 90.49 |
|
Euro |
1 |
INR 79.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
IND |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.