|
|
|
MIRA
INFORM REPORT
|
Report No. : |
498603 |
|
Report Date : |
21.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMBICA STEELS
LIMITED |
|
|
|
|
Registered
Office : |
C-54/1, Mezzanie Floor, Wazirpur Industrial Area, New Delhi
- 110052 |
|
Tel. No.: |
91-11-47034400 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
16.07.1970 |
|
|
|
|
Com. Reg. No.: |
55-005345 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 89.922 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109DL1970PLC005345 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA9942Q |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture of semi-finished stainless steel, stainless steel, stainless steel holt rolled flat Products. (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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated in the year 1970. It is a manufacturer of
Semi-Finished Stainless Steel. For the financial year 2016, the revenue of the company has decreased
by 22.80% and has incurred operational loss. The satisfactory financial profile of the company is marked by sufficient
networth base along with comfortable debt coverage indicators. The rating takes into consideration the subject’s long established
track record of business operations along with extensive experience of its
promoters. However, these rating strengths are partially offset by highly
competitive steel industry. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. Note: As per the Registrar of Companies date of balance sheet (i.e.
financial filed) is shown as 31.03.2017 but documents related to financial
for the year 31.03.2017 are not available from any sources. Note: The correct name of the company is “Ambica Steel Limited”. |
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 BY
|
Name : |
Mr. Nikhil |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-11-47034400 |
|
|
|
|
Name : |
Mr. Santosh |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-120-4564585 |
|
Date : |
20.03.2018 |
(Tel. No.: 91-120-4564585 - Ringing)
LOCATIONS
|
Registered Office : |
C-54/1, Mezzanie Floor, Wazirpur Industrial Area, New
Delhi - 110052, India |
|
Tel. No.: |
91-11-47034400 (30 lines) |
|
Fax No.: |
91-11-47034450 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 / Melting, Refining and Casting Division: |
Plot No.51/2, Site – 4, UPSIDC Industrial Area, Sahibabad – 201010,
District Ghaziabad, Uttar Pradesh, India. |
|
Tel. No.: |
91-120-4189300 (30 lines) |
|
Fax No.: |
91-120-4189399 |
|
|
|
|
Factory 2 : |
Plot No. 32, Site-2, Loni Road, Industrial Area, Mohan Nagar,
Ghaziabad – 201007, Uttar Pradesh, India. |
|
Tel. No.: |
91-120-4189200 (30 lines) |
|
Fax No.: |
91-120-4189222 |
|
|
|
|
Factory 3 : |
Plot No. 30, Site -4, UPSIDC Industrial Area, Sahibabad – 201010,
District Ghaziabad, Uttar Pradesh, India. |
|
Tel. No.: |
91-120-4564585 (4 lines) |
|
|
|
|
Godown 1 : |
Plot No 935, Road No.10, Village Kalamboli Taluka Panvel, Distt.
Raigad, Navi Mumbai, Maharashtra, India |
|
|
|
|
Godown 2 : |
Plot No. 845 G, Village Kalamboli Taluka Panvel, Distt. Raigad, Navi
Mumbai, Maharashtra, India |
|
|
|
|
Godown 3 : |
F-139-B, Ricco Industrial Area, Bhiwadi , Rajasthan, India |
|
|
|
|
Godown 3 : |
A-13, Central Market, RBH Colony Bhiwadi, Rajasthan, India |
|
|
|
|
Godown 4 : |
G-642, Basni, Phase-II, Jodhpur - 342005, Rajasthan, India |
|
|
|
|
Overseas Offices : |
Located at: · Europe · Singapore · Hong Kong · China · Italy |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Chander Parkash |
||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||
|
Address : |
H. No. 9, East Avenue Road, East Punjabi Bagh, New Delhi - 110026, India |
||||||||||||||||
|
Date of Birth/Age : |
12.10.1960 |
||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||
|
Date of Appointment : |
19.10.1999 |
||||||||||||||||
|
PAN No.: |
ABLPC7455P |
||||||||||||||||
|
DIN No.: |
01715253 |
||||||||||||||||
|
Other Directorship
:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Mahesh Gupta |
||||||||||||||||
|
Designation : |
Whole-Time Director |
||||||||||||||||
|
Address : |
Flat No. E - 302 Pearl Gateway Tower, Sector 44, Noida Gautam Budh Nagar - 201303, Uttar Pradesh, India |
||||||||||||||||
|
Date of Birth/Age : |
30.03.1970 |
||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||
|
Date of Appointment : |
01.04.2008 |
||||||||||||||||
|
PAN No.: |
AAIPG5152D |
||||||||||||||||
|
DIN No.: |
00009849 |
||||||||||||||||
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Ajay Kumar |
||||||||||||||||
|
Designation : |
Whole-Time Director |
||||||||||||||||
|
Address : |
Tgb Meghdutam Plot No. F-21C, Flat No. Z-12 A, Sector 50, Noida Gautam Budh Nagar - 201301, Uttar Pradesh, India |
||||||||||||||||
|
Date of Birth/Age : |
01.02.1964 |
||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||
|
Date of Appointment : |
01.04.2008 |
||||||||||||||||
|
PAN No.: |
ALSPK9944J |
||||||||||||||||
|
DIN No.: |
00009973 |
||||||||||||||||
|
Other Directorship
:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Satya Parkash Tyagi |
||||||||||||||||
|
Designation : |
Whole-time director |
||||||||||||||||
|
Address : |
F - 103, Alaknanda Appartments,, Rampuri, Gaziabad - 201010, Uttar Pradesh, India |
||||||||||||||||
|
Date of Birth/Age : |
01.01.1960 |
||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||
|
Date of Appointment : |
01.04.2013 |
||||||||||||||||
|
PAN No.: |
ADTPT1485A |
||||||||||||||||
|
DIN No.: |
01736605 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Pawan Kumar Gupta |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
C - 115 Block - C, Mahendru Enclave, Delhi - 110009, India |
||||||||||||||||
|
Date of Birth/Age : |
24.02.1955 |
||||||||||||||||
|
Date of Appointment : |
29.08.2014 |
||||||||||||||||
|
DIN No.: |
06925758 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Ms. Neeru Sharma |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
C-2/8A, Block C-2 Keshav Puram, Delhi – 110035, India |
||||||||||||||||
|
Date of Appointment : |
28.07.2015 |
||||||||||||||||
|
DIN No.: |
07242781 |
||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ashish Jain |
|
Designation : |
Company Secretary |
|
Address : |
P-18, Street No. 9, Shankar Nagar Extension, Near Jain Mandir, Delhi – 110031, India |
|
Date of Appointment : |
12.05.2016 |
|
PAN No.: |
AJJPJ4492R |
|
|
|
|
Name : |
Mr. Davesh Chander |
|
Designation : |
Chief Financial Officer |
|
Address : |
2/46, Roop Nagar, Delhi, 110007, India |
|
Date of Appointment : |
29.07.2014 |
|
PAN No.: |
AAAPG4857F |
|
|
|
|
Name : |
Mr. Nikhil |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2017
|
Names of Shareholders |
|
No. of Shares |
|
Seema Gupta |
|
86900 |
|
Chander Prakash Gupta |
|
430710 |
|
Chander Prakash (HUF) |
|
34200 |
|
Mahesh Gupta |
|
68500 |
|
Ajay Kumar Singhal |
|
20000 |
|
Uphar Steels Limited, India |
|
102100 |
|
Futureplan Industrial Private Limited, India |
|
77850 |
|
Ramesh Kumar |
|
4000 |
|
Suman Singhal |
|
5000 |
|
Ajay Kumar and Sons HUF |
|
5000 |
|
Sunita Singhal |
|
8000 |
|
Richa Gupta |
|
13000 |
|
Anuj Singhal |
|
8300 |
|
Abhinav Gupta |
|
19000 |
|
Ankush Singhal |
|
5360 |
|
Mahesh Gupta HUF |
|
10000 |
|
Raj Kumar Singhal |
|
1300 |
|
Total |
|
899220 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
79.99 |
|
Promoters (Body corporate) |
20.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of semi-finished stainless steel, stainless steel, stainless steel holt rolled flat Products. (Registered Activity) |
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Rajindera Kumar Goel and Company Chartered Accountants |
|
Address : |
J-288, Ground Floor, Saket, New Delhi – 110017, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFR3835Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
World Metal Recycling Limited (CIN No.: U37100DL2010PLC204397) World Metal Recycling Pte Limited Ambica Edelstahl GmbH |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management personnel
and their relatives : (As on 31.03.2016) |
|
CAPITAL STRUCTURE
As on 26.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
INR 100/- each |
INR 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
899220 |
Equity Shares |
INR 100/- each |
INR 89.922 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
89.922 |
116.358 |
116.358 |
|
(b) Reserves & Surplus |
580.724 |
900.725 |
847.781 |
|
(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) |
670.646 |
1017.083 |
964.139 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
236.241 |
261.047 |
336.689 |
|
(b) Deferred tax liabilities (Net) |
73.195 |
130.841 |
122.756 |
|
(c) Other long term
liabilities |
0.000 |
18.200 |
26.290 |
|
(d) Long-term
provisions |
18.553 |
16.910 |
13.850 |
|
Total Non-current
Liabilities (3) |
327.989 |
426.998 |
499.585 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1017.968 |
1238.820 |
1490.726 |
|
(b) Trade
payables |
293.411 |
261.560 |
298.235 |
|
(c) Other
current liabilities |
142.317 |
187.201 |
148.579 |
|
(d) Short-term
provisions |
5.581 |
6.121 |
18.219 |
|
Total Current
Liabilities (4) |
1459.277 |
1693.702 |
1955.759 |
|
|
|
|
|
|
TOTAL |
2457.912 |
3137.783 |
3419.483 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
608.314 |
1108.895 |
1062.018 |
|
(ii)
Intangible Assets |
1.069 |
0.977 |
0.987 |
|
(iii)
Capital work-in-progress |
3.666 |
9.872 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
21.263 |
21.263 |
21.263 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
57.493 |
44.226 |
32.145 |
|
(e) Other
Non-current assets |
21.032 |
21.233 |
18.638 |
|
Total Non-Current
Assets |
712.837 |
1206.466 |
1135.051 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
852.679 |
884.464 |
797.384 |
|
(c) Trade
receivables |
553.836 |
577.778 |
896.292 |
|
(d) Cash
and cash equivalents |
113.355 |
155.082 |
164.313 |
|
(e)
Short-term loans and advances |
220.697 |
307.381 |
418.940 |
|
(f) Other
current assets |
4.508 |
6.612 |
7.503 |
|
Total
Current Assets |
1745.075 |
1931.317 |
2284.432 |
|
|
|
|
|
|
TOTAL |
2457.912 |
3137.783 |
3419.483 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
4187.439 |
5424.433 |
5327.534 |
|
|
Other Income |
18.525 |
22.016 |
24.374 |
|
|
TOTAL |
4205.964 |
5446.449 |
5351.908 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3050.326 |
4047.998 |
3838.706 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(147.993) |
84.630 |
(60.447) |
|
|
Employees benefits
expense |
196.681 |
193.383 |
154.962 |
|
|
Other expenses |
858.701 |
849.394 |
1052.120 |
|
|
Exceptional items before |
164.251 |
0.000 |
0.000 |
|
|
TOTAL |
4121.966 |
5175.405 |
4985.341 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
83.998 |
271.044 |
366.567 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
140.855 |
117.293 |
156.474 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(56.857) |
153.751 |
210.093 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
62.539 |
62.208 |
63.495 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(119.396) |
91.543 |
146.598 |
|
|
|
|
|
|
|
Less |
TAX |
(40.753) |
33.214 |
50.116 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(78.643) |
58.329 |
96.482 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
350.391 |
1327.658 |
1811.197 |
|
|
TOTAL EARNINGS |
350.391 |
1327.658 |
1811.197 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1251.034 |
1971.747 |
2158.724 |
|
|
Components and Stores
parts |
26.610 |
16.769 |
35.127 |
|
|
Capital Goods |
13.092 |
28.417 |
4.934 |
|
|
TOTAL IMPORTS |
1290.736 |
2016.933 |
2198.785 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(68.89) |
50.13 |
82.92 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
24.000 |
79.800 |
42.352 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
346.657 |
573.163 |
(129.294) |
|
Net cash flow from operating activity |
293.285 |
550.620 |
(154.421) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average
Collection Days (Sundry Debtors / Income
* 365 Days) |
48.28 |
38.88 |
61.41 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
7.56 |
9.39 |
5.94 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
35.11 |
23.58 |
28.36 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.10 |
0.31 |
0.46 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.14 |
0.24 |
0.34 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
0.70 |
0.65 |
0.68 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.91 |
1.55 |
1.94 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.18 |
1.67 |
2.03 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.91 |
1.10 |
1.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.60 |
2.31 |
2.34 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
(1.88) |
1.08 |
1.81 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(3.20) |
1.86 |
2.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(11.73) |
5.73 |
10.01 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets /
Current Liabilities) |
1.20 |
1.14 |
1.17 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.61 |
0.62 |
0.76 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.27 |
0.32 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
14.21 |
13.58 |
16.07 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.20 |
1.14 |
1.17 |
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 |
116.358 |
116.358 |
89.922 |
|
Reserves & Surplus |
847.781 |
900.725 |
580.724 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
964.139 |
1017.083 |
670.646 |
|
|
|
|
|
|
long-term borrowings |
336.689 |
261.047 |
236.241 |
|
Short term borrowings |
1490.726 |
1238.820 |
1017.968 |
|
Current Maturities of
Long term debt |
42.352 |
79.800 |
24.000 |
|
Total borrowings |
1869.767 |
1579.667 |
1278.209 |
|
Debt/Equity ratio |
1.939 |
1.553 |
1.906 |
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 |
5327.534 |
5424.433 |
4187.439 |
|
|
|
1.819 |
-22.804 |
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 |
5327.534 |
5424.433 |
4187.439 |
|
Profit/(Loss) |
96.482 |
58.329 |
(78.643) |
|
|
1.81% |
1.08% |
(1.88%) |
ABRIDGED
BALANCE SHEET - CONSOLIDATED
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
89.922 |
116.358 |
|
(b) Reserves &
Surplus |
|
592.980 |
911.299 |
|
(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) |
|
682.902 |
1027.657 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
236.241 |
261.047 |
|
(b) Deferred tax
liabilities (Net) |
|
73.195 |
130.841 |
|
(c) Other long term
liabilities |
|
0.000 |
18.200 |
|
(d) long-term provisions |
|
18.553 |
16.910 |
|
Total Non-current
Liabilities (3) |
|
327.989 |
426.998 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1017.968 |
1238.820 |
|
(b) Trade payables |
|
292.444 |
260.880 |
|
(c) Other current
liabilities |
|
111.141 |
157.784 |
|
(d) Short-term provisions |
|
5.581 |
6.121 |
|
Total Current Liabilities
(4) |
|
1427.134 |
1663.605 |
|
|
|
|
|
|
TOTAL |
|
2438.025 |
3118.260 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
608.328 |
1108.910 |
|
(ii) Intangible Assets |
|
1.069 |
0.977 |
|
(iii) Capital
work-in-progress |
|
3.666 |
9.872 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
57.493 |
44.226 |
|
(e) Other Non-current
assets |
|
21.032 |
21.233 |
|
Total Non-Current Assets |
|
691.588 |
1185.218 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
852.679 |
884.464 |
|
(c) Trade receivables |
|
553.835 |
577.778 |
|
(d) Cash and cash
equivalents |
|
114.703 |
156.807 |
|
(e) Short-term loans and
advances |
|
220.697 |
307.381 |
|
(f) Other current assets |
|
4.523 |
6.612 |
|
Total Current Assets |
|
1746.437 |
1933.042 |
|
|
|
|
|
|
TOTAL |
|
2438.025 |
3118.260 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
4187.447 |
5424.597 |
|
|
Other Income |
|
18.540 |
22.020 |
|
|
TOTAL |
|
4205.987 |
5446.617 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
3049.853 |
4047.195 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(147.993) |
84.630 |
|
|
Employees benefits
expense |
|
196.764 |
193.384 |
|
|
Other expenses |
|
859.240 |
850.371 |
|
|
Exceptional items before |
|
164.251 |
0.000 |
|
|
TOTAL |
|
4122.115 |
5175.580 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
83.872 |
271.037 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
140.946 |
117.458 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
(57.074) |
153.579 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
62.541 |
62.229 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
(119.615) |
91.350 |
|
|
|
|
|
|
|
Less |
TAX |
|
(40.856) |
33.324 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
|
(78.759) |
58.026 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(68.99) |
49.87 |
LEGAL
CASES
HIGH COURT OF
DELHI
|
CASE TYPE :ITS
Date of
Filing : 19/10/13 DIARY NO : 144572/2013
15:48:53
STATUS
: RETRNED COMMISSIONER OF
INCOME TAX-I Vs. AMBICA STEELS
LIMITED Scrutiny Assistant : SHIVALI
DHAWAN Filing Advocate : SANJEEV RAJPAL Subject1 : NOT ENTERED Subject2 : NOT ENTERED DEFECTS DETAIL S.NO. Defects Marked On Removed 1. () 07-NOV-13 NO 2. (107)
07-NOV-13 NO |
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) |
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 |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Intercorporate deposits |
168.614 |
97.113 |
|
Loans and advances from related parties |
20.614 |
35.458 |
|
Total |
189.228 |
132.571 |
INDEX OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C50118728 |
10561552 |
Oriental Bank of Commerce |
13/04/2015 |
- |
- |
156000000.0 |
Harsha Bhawan, E-Block, GR and 1st Floor, Connaught Place New Delhi 110001 INDIA |
|
2 |
G08190688 |
10374750 |
Oriental Bank of Commerce |
24/08/2012 |
17/06/2016 |
- |
1923400000.0 |
Large Corporate Branch, 1st Floor, Harsha Bhawan E - Block, Connaught Place New Delhi 110001 INDIA |
|
3 |
G10994879 |
10185232 |
ORIENTAL BANK OF COMMERCE |
25/09/2009 |
- |
12/08/2016 |
180000000.0 |
30-33, 1ST FLOOR, A-BLOCK, CONNAUGHT PLACENEW DELHI 110001 INDIA |
|
4 |
G10995082 |
10188276 |
ORIENTAL BANK OF COMMERCE |
08/10/2009 |
- |
12/08/2016 |
75000000.0 |
30-33, 1ST FLOOR, A-BLOCK, CONNAUGHT PLACENEW DELHI 110001 INDIA |
|
5 |
G10995595 |
10280902 |
ORIENTAL BANK OF COMMERCE LIMITED |
02/03/2011 |
- |
12/08/2016 |
207000000.0 |
DELHI INDIA NEW DELHI 110001 INDIA |
|
6 |
G11010337 |
90044439 |
ORIENTAL BANK OF COMMERCE |
09/11/2004 |
- |
12/08/2016 |
26800000.0 |
A - BLOCKCONNAUGHT PLACE NEW DELHI 110001 INDIA |
|
7 |
G10984441 |
10098733 |
ORIENTAL BANK OF COMMERCE |
20/03/2008 |
- |
12/08/2016 |
135000000.0 |
HARSHA BHAWAN, E-BLOCK,CONNAUGHT PLACE, NEW DELHI 110001 INDIA |
|
8 |
G11006897 |
80012139 |
oriental bank of commerce |
14/12/2005 |
- |
12/08/2016 |
52700000.0 |
CONNAUGHT PLACEA –BLOCK NEW DELHI 110001 INDIA |
|
9 |
G11008158 |
80012140 |
ORIENTAL BANK OF COMMERCE |
14/12/2005 |
- |
12/08/2016 |
40400000.0 |
A - BLOCKCONNAUGHT PLACE NEW DELHI 110001 INDIA |
|
10 |
G10995306 |
10250714 |
ORIENTAL BANK OF COMMERCE LIMITED |
29/09/2010 |
- |
12/08/2016 |
100000000.0 |
DELHI INDIA NEW DELHI 110001 INDIA |
FIXED ASSETS
- Land
- Buildings
- Factory Building
- Plant and Equipment
- Factory Equipments
- Furniture and Fixtures
- Vehicles
- Motor Vehicles
- 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,
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 65.19 |
|
|
1 |
INR 91.49 |
|
Euro |
1 |
INR 80.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHL |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SUD |
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.