|
|
|
MIRA INFORM REPORT
|
Report No. : |
497839 |
|
Report Date : |
21.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
ADVANCE VALVES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
11-G, Ashoka Palace, 877, East Park Road, Karol Bagh, Delhi – 110005 |
|
Tel. No.: |
91-120-4796900 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
30.04.1987 |
|
|
|
|
Com. Reg. No.: |
55-027800 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 69.442 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1987PTC027800 |
|
|
|
|
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.] |
AAACS0305B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Industrial Valves. [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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1987 having a fine track record. It is engaged as manufacturer of valves catering to the industries such as oil and gas sector, power sector, water infrastructure and heating, ventilation and air-conditioner (HVAC) industry. For the financial year 2017, the company has reported a drop in its revenue by 39.90% in its revenue as compared to its previous year but has clocked decent profitability margin of 28.34% during the year. Rating takes into consideration, the healthy financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its long and established track record of its business operation backed by its extensive experience of its promoters in manufacturing valves along with strong relationship with its customers and market reputation in various sectors. However, these rating gets partially offset by and vulnerability of operating margins to fluctuations in raw material prices and the intensely competitive valve manufacturing industry characterised by the presence of large players as well as small unorganised players. Payments seems to be regular. In view of aforesaid, the company can be considered for business dealing at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA RATING |
|
Rating |
Fund Based Limits = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
31.01.2018 |
|
Rating Agency Name |
ICRA RATING |
|
Rating |
Non-Fund Based Limits = A2+ |
|
Rating Explanation |
Strong degree of 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 21.03.2018.
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
Management Non-Cooperative [Tel. No.: 91-120-4796900]
LOCATIONS
|
Registered Office : |
11-G, Ashoka Palace, 877, East Park Road, Karol Bagh, Delhi – 110005,
India |
|
Tel. No.: |
91-120-4796900 / 2561145 |
|
Fax No.: |
91-120-2561144 |
|
E-Mail : |
|
|
Website : |
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|
|
|
Corporate Office : |
142 A and B, Noida Special Economic Zone, Phase-II, Noida – 201305,
Uttar Pradesh, India |
|
Tel. No.: |
91-120-4796900 |
|
Fax No.: |
91-120-4796948 |
|
|
|
|
Plant Address / Workshops 1 : |
D-8, Site B, Surajpur Industrial Area, Greater Noida – 201306, Uttar
Pradesh, India |
|
|
|
|
Workshops 2 : |
Bharwain Road, Gagret, District: UNA, Himachal Pradesh, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Uma Shanker |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
B-78, Sector 31, Noida – 201302, Uttar
Pradesh, India |
||||||||||||||||||||
|
Date of Birth/Age : |
10.08.1951 |
||||||||||||||||||||
|
Date of Appointment : |
15.05.1987 |
||||||||||||||||||||
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DIN No.: |
00839083 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Pranay Shanker Garg |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
B-78, Sector 31, Noida – 201302, Uttar
Pradesh, India |
||||||||||||||||||||
|
Date of Birth/Age : |
29.03.1980 |
||||||||||||||||||||
|
Date of Appointment : |
30.03.1998 |
||||||||||||||||||||
|
DIN No.: |
00839103 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Neelam Uma Shanker |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
B-78, Sector 31, Noida – 201302, Uttar Pradesh,
India |
||||||||||||||||||||
|
Date of Birth/Age : |
16.07.1953 |
||||||||||||||||||||
|
Date of Appointment : |
15.05.1987 |
||||||||||||||||||||
|
DIN No.: |
00839134 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Peush Mahajan |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
EC/105, Block EC, Maya Enclave, Hari Nagar,
New Delhi – 110046, India |
||||||||||||||||||||
|
Date of Appointment : |
24.09.2014 |
||||||||||||||||||||
|
DIN No.: |
03080336 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Priyank Shanker Garg |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
B-78, Sector 31, Noida – 201302, Uttar
Pradesh, India |
||||||||||||||||||||
|
Date of Birth/Age : |
20.01.1976 |
||||||||||||||||||||
|
Date of Appointment : |
30.09.2010 |
||||||||||||||||||||
|
DIN No.: |
03270097 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Uma Shanker |
|
3218800 |
|
Neelam Uma Shanker |
|
1433400 |
|
Pranay Shanker Garg |
|
858580 |
|
Priyank Shanker Garg |
|
1433400 |
|
|
|
|
|
Total |
|
6944180 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided Family
– Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Industrial Valves. [Registered Activity] |
||||
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||||
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Products : |
|
||||
|
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|
||||
|
Brand Names : |
Not Divulged |
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|
||||
|
Agencies Held : |
Not Divulged |
||||
|
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|
||||
|
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 |
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Bankers : |
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|
|||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Brijesh Mathur and Associates Chartered Accountants |
|
Address : |
6317, Sector C, Pocket-6 and 7, Vasant Kunj, New Delhi – 110070, India |
|
Tel. No.: |
91-11-46065778 / 5779 |
|
Fax No.: |
91-11-46065778 |
|
E-Mail : |
|
|
PAN No.: |
AAIPM7056J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises over which
Key Management Personnel are able to exercise significant influence: |
Advance ValvesGlobal LLP (a Limited Liability Partnership firm of in which company is a Partner) |
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 |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6944180 |
Equity Shares |
INR 10/- each |
INR 69.442
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
69.442 |
34.721 |
|
(b) Reserves &
Surplus |
|
661.793 |
614.642 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
731.235 |
649.363 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
27.418 |
60.946 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
9.769 |
5.768 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
37.187 |
66.714 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
23.146 |
20.080 |
|
(b) Trade payables |
|
50.626 |
35.353 |
|
(c) Other current
liabilities |
|
277.516 |
185.853 |
|
(d) Short-term provisions |
|
2.320 |
2.018 |
|
Total Current Liabilities
(4) |
|
353.608 |
243.304 |
|
|
|
|
|
|
TOTAL |
|
1122.030 |
959.381 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
191.544 |
191.263 |
|
(ii) Intangible Assets |
|
0.080 |
0.146 |
|
(iii) Capital
work-in-progress |
|
0.015 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
310.494 |
185.266 |
|
(c) Deferred tax assets
(net) |
|
14.513 |
9.698 |
|
(d) Long-term Loan and Advances |
|
2.010 |
2.304 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
518.656 |
388.677 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
121.856 |
109.933 |
|
(c) Trade receivables |
|
246.942 |
339.775 |
|
(d) Cash and cash
equivalents |
|
192.486 |
89.178 |
|
(e) Short-term loans and
advances |
|
34.053 |
25.714 |
|
(f) Other current assets |
|
8.037 |
6.104 |
|
Total Current Assets |
|
603.374 |
570.704 |
|
|
|
|
|
|
TOTAL |
|
1122.030 |
959.381 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
294.836 |
490.571 |
|
|
Other Income |
|
103.292 |
83.801 |
|
|
TOTAL |
|
398.128 |
574.372 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
133.104 |
195.084 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
23.621 |
64.512 |
|
|
Employees benefits
expense |
|
66.956 |
63.141 |
|
|
Other expenses |
|
59.455 |
73.378 |
|
|
TOTAL |
|
283.136 |
396.115 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
114.992 |
178.257 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
5.188 |
10.966 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
109.804 |
167.291 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
27.714 |
26.009 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
82.090 |
141.282 |
|
|
|
|
|
|
|
Less |
TAX |
|
(1.469) |
23.253 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
83.559 |
118.029 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
|
1.750 |
0.000 |
|
|
TOTAL EARNINGS |
|
1.750 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
|
9.839 |
17.794 |
|
|
TOTAL IMPORTS |
|
9.839 |
17.794 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
13.23 |
33.99 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
|
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
|
NA |
|
|
Cash generated from operations |
|
NA |
NA |
|
Net cash flow from operating activity |
|
211.256 |
143.908 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
305.71 |
252.80 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
1.19 |
1.44 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
138.83 |
66.15 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
0.94 |
1.62 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
0.60 |
0.93 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.34 |
0.32 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
0.07 |
0.12 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
0.48 |
0.37 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
0.26 |
0.29 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
22.16 |
16.26 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
|
28.34 |
24.06 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
7.45 |
12.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
11.43 |
18.18 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
1.71 |
2.35 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
1.36 |
1.89 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.65 |
0.68 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
0.73 |
2.33 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
1.71 |
2.35 |
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 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Share Capital |
34.721 |
69.442 |
|
Reserves & Surplus |
614.642 |
661.793 |
|
Net worth |
649.363 |
731.235 |
|
|
|
|
|
long-term borrowings |
60.946 |
27.418 |
|
Short term borrowings |
20.080 |
23.146 |
|
Total borrowings |
81.026 |
50.564 |
|
Debt/Equity ratio |
0.125 |
0.069 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
490.571 |
294.836 |
|
|
|
(39.899) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
490.571 |
294.836 |
|
Profit |
118.029 |
83.559 |
|
|
24.06% |
28.34% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
34.721 |
34.721 |
|
(b) Reserves & Surplus |
|
1047.835 |
912.166 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
1082.556 |
946.887 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
60.946 |
95.704 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) Long-term
provisions |
|
11.172 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
72.118 |
95.704 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
20.080 |
30.069 |
|
(b) Trade
payables |
|
94.368 |
201.827 |
|
(c) Other
current liabilities |
|
30.900 |
36.356 |
|
(d) Short-term
provisions |
|
6.117 |
16.598 |
|
Total Current
Liabilities (4) |
|
151.465 |
284.850 |
|
|
|
|
|
|
TOTAL |
|
1306.139 |
1327.441 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
224.726 |
229.241 |
|
(ii)
Intangible Assets |
|
0.146 |
0.281 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
185.266 |
94.204 |
|
(c) Deferred tax assets (net) |
|
10.573 |
9.876 |
|
(d)
Long-term Loan and Advances |
|
2.712 |
14.766 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
423.423 |
348.368 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
241.453 |
344.548 |
|
(c) Trade
receivables |
|
507.422 |
538.683 |
|
(d) Cash
and cash equivalents |
|
100.274 |
65.720 |
|
(e)
Short-term loans and advances |
|
33.533 |
30.053 |
|
(f) Other
current assets |
|
0.034 |
0.069 |
|
Total
Current Assets |
|
882.716 |
979.073 |
|
|
|
|
|
|
TOTAL |
|
1306.139 |
1327.441 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
|
897.018 |
890.794 |
|
|
|
|
Other Income |
|
84.422 |
59.593 |
|
|
|
|
TOTAL (A) |
|
981.440 |
950.387 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
|
436.294 |
563.664 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
|
69.856 |
(87.234) |
|
|
|
|
Employee Benefits Expenses |
|
118.995 |
88.298 |
|
|
|
|
Other Expenses |
|
137.447 |
143.426 |
|
|
|
|
TOTAL (B) |
|
762.592 |
708.154 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
218.848 |
242.233 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
|
15.060 |
17.781 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
|
203.788 |
224.452 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
|
31.895 |
36.830 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
|
171.893 |
187.622 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
|
35.377 |
34.805 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
|
136.516 |
152.817 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
|
17.794 |
98.409 |
|
|
|
TOTAL IMPORTS |
|
17.794 |
98.409 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (INR) |
|
39.32 |
44.01 |
||
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 |
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 |
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 |
CORPORATE INFORMATION
Subject is engaged in manufacturing of Industrial Valves. The Company has registered office at 11-G, Ashoka Palace, 877, East Park Road, Karol Bagh, Delhi – 110055. The Company has two workshopsone at D-8, Site-B, Surajpur Industrial Area, Greater Noida - 201305 and another at Bharwain Road, Gagret, Distt UNA, Himachal Pradesh.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
27.418 |
24.287 |
|
|
|
|
|
Total |
27.418 |
24.287 |
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G36337921 |
100078401 |
STATE BANK OF MYSORE |
24/01/2017 |
- |
- |
3750000.0 |
N-23, SECTOR-18NOIDAUP201301IN |
|
2 |
C04519161 |
10121239 |
STATE BANK OF MYSORE |
31/07/2008 |
08/05/2014 |
- |
415000000.0 |
Industrial Finance Branch15-17, Shaheed Bhagat Singh Marg, Gole MarketNew DelhiDL110001IN |
|
3 |
A45639564 |
10121232 |
STATE BANK OF MYSORE |
31/07/2008 |
- |
- |
177400000.0 |
ANTRIKSHA BHAWANK.G. MARGNEW DELHIDL110001IN |
|
4 |
A45643400 |
10121237 |
STATE BANK OF MYSORE |
31/07/2008 |
- |
- |
20000000.0 |
SECTOR 19, A BLOCK, 528C,NOIDANOIDAUP201301IN |
|
5 |
A45641933 |
10121235 |
STATE BANK OF MYSORE |
31/07/2008 |
- |
- |
10000000.0 |
SECTOR 19, A BLOCK, 528CNOIDANOIDAUP201301IN |
|
6 |
A31772114 |
10086666 |
STATE BANK OF MYSORE |
03/11/2007 |
- |
- |
21500000.0 |
A - 528C,SECTOR - 19NOIDAUP201301IN |
|
7 |
B59217927 |
10028911 |
State Bank of Mysore |
31/10/2006 |
12/09/2012 |
- |
197500000.0 |
Connaught Place BranchAntariksh Bhavan, 22, K. G. MargNew DelhiDL110001IN |
|
8 |
B59217414 |
10029977 |
State Bank of Mysore |
31/10/2006 |
12/09/2012 |
- |
307500000.0 |
Connaught Place BranchAntariksh Bhavan, 22, K. G. MargNew DelhiDL110001IN |
|
9 |
A45791431 |
10022568 |
STATE BANK OF MYSORE |
12/10/2006 |
31/07/2008 |
- |
30000000.0 |
SECTOR 19, A BLOCK, 528C,NOIDANOIDAUP201301IN |
|
10 |
A45686995 |
90047781 |
STATE BANK OF MYSORE |
12/02/2000 |
31/07/2008 |
- |
12500000.0 |
SECTOR 19, A BLOCK, 528CNOIDANOIDAUP201301IN |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 90.51 |
|
Euro |
1 |
INR 79.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
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.