|
|
|
MIRA INFORM REPORT
|
Report No. : |
497624 |
|
Report Date : |
19.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
MILLTEC MACHINERY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No 51/A Phase 1 KIADBE Industrial Area, Bommasandra, Bangalore
– 560099, Karnataka |
|
Tel. No.: |
91-80-27831128 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
28.08.1998 |
|
|
|
|
Com. Reg. No.: |
08-024139 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 30.612 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110KA1998PTC024139 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM6912D |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacture of Machinery and Equipment. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1998. The company is engaged in
manufacturing of rice milling equipment. As per the financial records of 2017, the company has achieved a
favorable growth of 24.36% in its revenue as compared to the previous year’s
revenue and has earned a fair net profit margin of 8.45%. The company possesses healthy financial position marked by sound net
worth base along with negligible debt level and comfortable liquidity
parameter. Rating takes into consideration the company’s satisfactory Earnings
Per Share (EPS) of INR 60.76 as against its Face Value (FV) of INR 10. Business is active. Payment seems to be regular. 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 |
ICRA RATING |
|
Rating |
Long Term Loans = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
22.03.2017 |
|
Rating Agency Name |
ICRA RATING |
|
Rating |
Short Term Loans = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
22.03.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 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 DENIED BY
|
Name : |
Mr. Rohit |
|
Designation : |
Finance Department |
|
Contact No.: |
91-80-27831128 |
|
Date : |
17.03.2018 |
LOCATIONS
|
Registered Office : |
No 51/A Phase 1 KIADBE Industrial Area, Bommasandra,
Bangalore – 560099, Karnataka, India |
|
Tel. No.: |
91-80-27831128 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ramaiah Ravindranath |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
253, Prestige Ozone, Varthur road, White Field, Bangalore
– 560066, Karnataka, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.07.1963 |
||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.E. |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.08.1998 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00212085 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Prakash Kulathu Iyer |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
1402, Chaitanya Towers, Appasaheb Marathe Marg, Prabhadevi
Mumbai – 400025, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.03.1962 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.03.2015 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00529591 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Prabhakar Tadepalli |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
#a 186 Prestige Ozone Varthur Whitefield Road, Bangalore –
560066, Karnataka, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.08.1965 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
23.07.2013 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01429520 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rajendran Joghee |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
No.A-251, Prestige Ozone, Varthur Road, Whitefield,
Bangalore – 560066, Karnataka, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.06.1966 |
||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.E. |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.08.1998 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02505486 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sridhar Sankararaman |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No- F/1302, Bldg No 1, Raj Legacy- 1 CHS Limited, L B
S Marg, Near Cipla Compound, Vikroli (West), Mumbai – 400083, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.04.2017 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06794418 |
||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Rohit |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Ramaiah Ravindranath |
|
630612 |
|
Rajendran Joghee |
|
630612 |
|
Manjula Rajendran |
|
150000 |
|
Uma Rachappa |
|
150000 |
|
Multiples Private Equity Fund, India |
|
382050 |
|
Multiples Private Equity Fund India Limited, India |
|
1117950 |
|
|
|
|
|
Total |
|
3061224 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
51.00 |
|
Public - Bodies corporate |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of Machinery and Equipment. [Registered Activity] |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Divulged |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Divulged |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Deloitte Centre, Anchorage II 100/2, Richmond Road, Bangalore – 560025, Karnataka, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD4815A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
U31100KA2009PTC049840
U31900KA2013PTC070549
U29253KA2012PTC064409 |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
Turbo Power and Engineering Solutions, Iceland |
|
|
|
|
Others related
party : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6100000 |
Equity Shares |
INR 10/- each |
INR 61.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3061224 |
Equity Shares |
INR 10/- each |
INR 30.612
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
30.612 |
30.612 |
30.612 |
|
(b) Reserves &
Surplus |
784.269 |
598.270 |
437.155 |
|
(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) |
814.881 |
628.882 |
467.767 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
11.467 |
120.579 |
197.499 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
1.565 |
1.565 |
1.565 |
|
(d) long-term provisions |
17.635 |
11.380 |
4.657 |
|
Total Non-current
Liabilities (3) |
30.667 |
133.524 |
203.721 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
492.486 |
354.358 |
176.212 |
|
(c) Other current
liabilities |
201.540 |
185.521 |
172.170 |
|
(d) Short-term provisions |
83.168 |
59.068 |
29.893 |
|
Total Current Liabilities
(4) |
777.194 |
598.947 |
378.275 |
|
|
|
|
|
|
TOTAL |
1622.742 |
1361.353 |
1049.763 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
316.975 |
343.187 |
328.754 |
|
(ii) Intangible Assets |
33.472 |
10.126 |
7.687 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1.387 |
1.387 |
12.336 |
|
(c) Deferred tax assets
(net) |
40.819 |
25.970 |
8.448 |
|
(d) Long-term Loan and Advances |
75.613 |
60.113 |
101.387 |
|
(e) Other Non-current
assets |
0.946 |
0.946 |
15.888 |
|
Total Non-Current Assets |
469.212 |
441.729 |
474.500 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
255.260 |
35.801 |
25.302 |
|
(b) Inventories |
323.721 |
325.991 |
200.346 |
|
(c) Trade receivables |
492.013 |
406.185 |
278.937 |
|
(d) Cash and cash
equivalents |
51.933 |
110.820 |
29.697 |
|
(e) Short-term loans and
advances |
29.870 |
38.702 |
40.022 |
|
(f) Other current assets |
0.733 |
2.125 |
0.959 |
|
Total Current Assets |
1153.530 |
919.624 |
575.263 |
|
|
|
|
|
|
TOTAL |
1622.742 |
1361.353 |
1049.763 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2202.414 |
1771.068 |
1621.904 |
|
|
Other Income |
19.685 |
18.409 |
12.419 |
|
|
TOTAL |
2222.099 |
1789.477 |
1634.323 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1276.696 |
1051.096 |
837.210 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(20.835) |
(135.721) |
(41.645) |
|
|
Employees benefits
expense |
235.425 |
199.558 |
260.947 |
|
|
CSR Expenditure |
0.211 |
2.363 |
0.250 |
|
|
Other expenses |
386.851 |
298.508 |
213.848 |
|
|
Exceptional Items |
3.240 |
56.641 |
0.000 |
|
|
TOTAL |
1881.588 |
1472.445 |
1284.166 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
340.511 |
317.032 |
350.157 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
19.137 |
34.496 |
49.103 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
321.374 |
282.536 |
301.054 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
42.421 |
37.942 |
35.177 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
278.953 |
244.594 |
265.877 |
|
|
|
|
|
|
|
Less |
TAX |
92.954 |
83.480 |
90.150 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
185.999 |
161.114 |
175.727 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
163.440 |
45.980 |
0.000 |
|
|
TOTAL EARNINGS |
163.440 |
45.980 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
316.347 |
222.908 |
0.000 |
|
|
Components and Stores
parts |
0.000 |
0.000 |
8.621 |
|
|
TOTAL IMPORTS |
316.347 |
222.908 |
8.621 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
60.76 |
52.63 |
58.03 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
62.192 |
90.434 |
88.200 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
411.442 |
295.863 |
269.910 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
81.54 |
83.71 |
62.77 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.48 |
4.36 |
5.81 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
140.80 |
123.05 |
75.60 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.05 |
0.97 |
1.75 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.97 |
0.90 |
1.04 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.49 |
0.53 |
0.55 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.01 |
0.19 |
0.42 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.95 |
0.95 |
0.81 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.43 |
0.56 |
0.72 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
17.79 |
9.19 |
7.13 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
8.45 |
9.10 |
10.83 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
11.46 |
11.83 |
16.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
22.83 |
25.62 |
37.57 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.48 |
1.54 |
1.52 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.07 |
0.99 |
0.99 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.50 |
0.46 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.37 |
3.94 |
6.45 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.48 |
1.54 |
1.52 |
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 |
30.612 |
30.612 |
30.612 |
|
Reserves & Surplus |
437.155 |
598.270 |
784.269 |
|
Net worth |
467.767 |
628.882 |
814.881 |
|
|
|
|
|
|
long-term borrowings |
197.499 |
120.579 |
11.467 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
197.499 |
120.579 |
11.467 |
|
Debt/Equity ratio |
0.422 |
0.192 |
0.014 |
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 |
1621.904 |
1771.068 |
2202.414 |
|
|
|
9.197 |
24.355 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
1621.904 |
1771.068 |
2202.414 |
|
Profit |
175.727 |
161.114 |
185.999 |
|
|
10.83% |
9.10% |
8.45% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
30.612 |
30.612 |
|
(b) Reserves &
Surplus |
|
777.271 |
586.797 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Minority Interest |
|
26.901 |
2.573 |
|
Total Shareholders’ Funds
(1) + (2) |
|
834.784 |
619.982 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1201.467 |
1310.579 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
18.272 |
12.144 |
|
Total Non-current
Liabilities (3) |
|
1219.739 |
1322.723 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
545.352 |
415.670 |
|
(c) Other current
liabilities |
|
206.111 |
195.732 |
|
(d) Short-term provisions |
|
84.405 |
59.569 |
|
Total Current Liabilities
(4) |
|
835.868 |
670.971 |
|
|
|
|
|
|
TOTAL |
|
2890.391 |
2613.676 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
321.699 |
348.656 |
|
(ii) Intangible Assets |
|
33.472 |
10.127 |
|
(iii) Capital
work-in-progress |
|
0.000 |
2.066 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
1175.408 |
1175.408 |
|
(c) Deferred tax assets
(net) |
|
40.819 |
25.971 |
|
(d) Long-term Loan and Advances |
|
76.130 |
61.104 |
|
(e) Other Non-current
assets |
|
0.980 |
0.980 |
|
Total Non-Current Assets |
|
1648.508 |
1624.312 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
255.260 |
35.801 |
|
(b) Inventories |
|
325.343 |
345.492 |
|
(c) Trade receivables |
|
469.220 |
404.325 |
|
(d) Cash and cash
equivalents |
|
161.457 |
159.536 |
|
(e) Short-term loans and
advances |
|
29.870 |
41.614 |
|
(f) Other current assets |
|
0.733 |
2.596 |
|
Total Current Assets |
|
1241.883 |
989.364 |
|
|
|
|
|
|
TOTAL |
|
2890.391 |
2613.676 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
2208.761 |
1885.390 |
|
|
Other Income |
|
73.917 |
28.926 |
|
|
TOTAL |
|
2282.678 |
1914.316 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1289.586 |
1093.550 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(13.900) |
(88.332) |
|
|
Employees benefits
expense |
|
241.757 |
208.367 |
|
|
CSR Expenditure |
|
0.211 |
2.363 |
|
|
Other expenses |
|
394.359 |
336.602 |
|
|
TOTAL |
|
1912.013 |
1552.550 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
370.665 |
361.766 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
19.353 |
36.010 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
351.312 |
325.756 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
43.250 |
38.771 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
308.062 |
286.985 |
|
|
|
|
|
|
|
Less |
TAX |
|
93.259 |
83.480 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
214.803 |
203.505 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
62.22 |
66.24 |
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) |
No |
|
16 |
No. of employees |
No |
|
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 |
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 |
REVIEW OF OPERATIONS
With good monsoon during the year, dedicated marketing efforts, increased market penetration, uniform spread PAN India, reorganized manufacturing setup, improved efficiency, on time delivery, reduced cost due to poor quality, the revenue from operations have grown by 24% as compared to last year, notwithstanding the shock of demonetization and certain policy moves.
The Company registered total revenue of INR 2222.000 million during the year as against INR 1789.477 million in the previous financial year. The profit after tax was INR 185.999 million during the year as against INR 161.114 million in the previous financial year.
Our sustained focus on product and market diversification will continue to be a key enabler of our ability to tap more opportunities for growth within and outside India, while strengthening our distribution channels to reach out better to customers in different locations across industries.
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G01125723 |
10555181 |
State Bank of India |
30/01/2015 |
18/03/2016 |
- |
732800000.0 |
No. 26/A, Electronic City BranchHosur RoadBangaloreKA560100IN |
|
2 |
C48678023 |
10429148 |
L & T FINANCE LIMITED |
30/05/2013 |
14/08/2013 |
26/03/2015 |
350000000.0 |
L&T HOUSE,BALLARD ESTATE,MUMBAIMH400001IN |
|
3 |
C48681290 |
10429149 |
L & T FINANCE LIMITED |
30/05/2013 |
14/08/2013 |
26/03/2015 |
350000000.0 |
L&T HOUSE,BALLARD ESTATE,MUMBAIMH400001IN |
|
4 |
B76219815 |
80034503 |
STATE BANK OF INDIA |
28/07/2004 |
13/07/2007 |
25/05/2013 |
66000000.0 |
ELECTONICITY BRANCHNO.26-A HOSUR ROADBANGALOREKA560100IN |
|
5 |
B76184878 |
10143987 |
STATE BANK OF INDIA |
28/01/2009 |
10/04/2012 |
25/05/2013 |
15000000.0 |
ELECTRONIC CITY BRANCH26/A, ELECTRONIC CITYBANGALOREKA560100IN |
|
6 |
A66774761 |
10015447 |
SUNDARAM HOME FINANCE LIMITED |
26/07/2006 |
- |
30/03/2009 |
13000000.0 |
21, PATULLOS ROAD,21, PATULLOS ROAD,21, PATULLOS ROAD,CHENNAI - 600 002.TN600002IN |
|
7 |
A68229590 |
10093768 |
STATE BANK OF INDIA |
22/09/2006 |
- |
13/08/2008 |
10400000.0 |
ELECTRONIC CITY BRANCHOFF HOSUR ROAD ELECTRONIC CITYBANGALOREKA560100IN |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.87 |
|
|
1 |
INR 90.49 |
|
Euro |
1 |
INR 79.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.