|
|
|
MIRA INFORM REPORT
|
Report No. : |
499798 |
|
Report Date : |
26.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
INOX INDIA PRIVATE LIMITED (w.e.f. 22.05.2015) |
|
|
|
|
Formerly Known
As : |
INOX INDIA LIMITED (w.e.f. 19.03.1987) BARODA OXYGEN LIMITED |
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Registered
Office : |
9th Floor, K P Platina, Race Course, Vadodara – 390007,
Gujarat |
|
Tel. No.: |
91-265-3056100 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
21.12.1976 |
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|
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Com. Reg. No.: |
04-018945 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 90.763 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999GJ1976PTC018945 |
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|
|
|
IEC No.: [Import-Export Code No.] |
0592044351 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AAACI4416P1ZH |
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|
|
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PAN No.: [Permanent Account No.] |
AAACI4416P |
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|
|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Subject is in the business of manufacturing of tanks. (Registered activity) |
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|
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 |
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|
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Payment Behaviour : |
Regular |
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|
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|
Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 1976. It is a part of Inox India
Group. The company is a manufacturer of cryogenic tanks, atmospheric
vaporizers, cryoseal containers, and disposable gas cylinders. It also
provides customized engineering solutions. As per the financial records of 2017, the company has achieved an
average net profit margin of 1.27% but has reported a decline in its revenue
as compared to the previous year’s revenue. The company possesses healthy financial position marked by sound net
worth base along with acceptable debt level and moderate liquidity position. Rating takes into consideration the company’s long established track
records. These strengths are partially offset by exposure to intense
competition in international markets and the high susceptibility of its
revenue to the investment climate in its end-user industries. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Loans = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
27.06.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loans = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
27.06.2017 |
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 26.03.2018
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.:
91-265-3056100
Tel. No.:91-265-2343125- Number is
continuously ringing
LOCATIONS
|
Registered Office : |
9th Floor, K P Platina, Race Course, Vadodara – 390007,
Gujarat, India |
|
Tel. No.: |
91-265- 305 6100 / 2343125 |
|
Fax No.: |
91-265- 2333398 / 2341449 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
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|
Factory 1 : |
|
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Survey No. 142/1 Part, Rakholi Madhuban Dam Road, Opposite Government Polytechnic, Village Karad, Silvassa - -396 240, UT of Dadra and Nagar Haveli, India |
|
|
|
|
Factory 3 : |
Plot No. 439 and 440, Sector IV, Kandia Special Economic Zone, Gandhidham - 370230, District Bhuj (Kutch), Gujarat, India |
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|
|
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Factory 4 : |
Survey No. 868-P, Surajbari Site, Shikarpur, Taluka Bhachau, District Bhuj (Kutch) - 370 230, Gujarat, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Devndrakumar Sidhhomal Jain |
|
Designation : |
Director |
|
Address: |
47, Golf, Links, New Delhi – 110 003, India |
|
Date of Birth: |
02.03.1929 |
|
Qualification: |
B.Com |
|
Date of Appointment : |
16.04.1979 |
|
DIN No.: |
00029782 |
|
PAN No. : |
AAAPJ4761D |
|
|
|
|
Name : |
Mr. Pavankumar Devendra Jain |
|
Designation : |
Director |
|
Address: |
31, Benzer Terrace, A G Khan Road, Worli Mumbai – 400 018, Maharashtra, India |
|
Date of Birth: |
17.05.1951 |
|
Qualification: |
B.Tech - Chemical |
|
Date of Appointment : |
16.04.1979 |
|
DIN No.: |
00030098 |
|
PAN No. : |
AAJPJ5851D |
|
|
|
|
Name : |
Mr. Vivekkumar Devenkumar Jain |
|
Designation : |
Director |
|
Address: |
47, Golf, Links, New Delhi – 110 003, India |
|
Date of Birth: |
30.08.1955 |
|
Qualification: |
Gratute - Economics, Business Administration |
|
Date of Appointment : |
14.06.2007 |
|
DIN No.: |
00029968 |
|
PAN No. : |
AAAPJ4588L |
|
|
|
|
Name : |
Mr. Siddharth Pavankumar Jain |
|
Designation : |
Director |
|
Address: |
31 Benzer Terrace, 94, Sea Face, Worli, Mumbai – 400018, Maharashtra, India |
|
Date of Birth: |
21.09.1978 |
|
Qualification: |
B.Sc., MBA |
|
Date of Appointment : |
17.03.2004 |
|
DIN No.: |
00030202 |
|
PAN No. : |
ACYPJ7083L |
|
|
|
|
Name : |
Mr. Parag Padmakar Kulkarni |
|
Designation : |
Whole-time director |
|
Address: |
C -404 Samrajya Flat opposite Sabri Vidyalaya, off Vasna Road, Vadodara – 390 007, Gujarat, India |
|
Date of Birth: |
07.09.1950 |
|
Qualification: |
BE, MMS |
|
Date of Appointment : |
25.09.1999 |
|
DIN No.: |
00209184 |
KEY EXECUTIVES
|
Name : |
Mr. Pavankumar Logar |
|
Designation : |
Company Secretary |
|
Address : |
102, Samrajya Flat opposite Rajesh Tower, Subhnapura, Vadodara
–
390 023, Gujarat, India |
|
Date of Birth/Age : |
10.06.1965 |
|
Date of Appointment : |
13.12.1993 |
|
PAN No. : |
AAKPL3184G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Bharati Shah |
|
5332 |
|
Devansh Jain |
|
1629696 |
|
Devendra Kumar Jain |
|
539130 |
|
Devika Ambuj Chaturvedi |
|
120540 |
|
Hotz Industries Limited |
|
36650 |
|
Ishita Jain |
|
247160 |
|
Lata M Rungta |
|
76084 |
|
Kumud Yogendra Gangwal |
|
5334 |
|
Manju Jain |
|
55334 |
|
Nandita Jain |
|
1163422 |
|
Nayantara Jain |
|
958794 |
|
Pavan Kumar Jain |
|
1022328 |
|
Siddharth Jain |
|
1786560 |
|
Suman Satish Ajmera |
|
5334 |
|
Rajni Mohatta |
|
5332 |
|
Sulakshana Badjate |
|
5320 |
|
Vivek Kumar Jain |
|
958064 |
|
Inox Leasing and Finance Limited |
|
419186 |
|
Parag P Kulkarni |
|
30100 |
|
Pavan Logar |
|
4600 |
|
Deepak V Acharya |
|
2000 |
|
Hitesh B Joshi |
|
50 |
|
Total |
|
9076350 |
Equity Share Break up (Percentage of Total Equity)
As on 18.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided Family
– Indian) |
94.57 |
|
Promoter - Bodies
corporate |
5.02 |
|
Public – (Individual/ Hindu
Undivided Family – Indian |
0.40 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is in the business of manufacturing of tanks. (Registered activity) |
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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 |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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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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Facilities : |
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Auditors : |
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|
Name : |
K C Mehta and Company Chartered Accountants |
|
Address : |
2nd Floor, Meghdhanush, Race Course Vadodara, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFK1558J |
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Memberships : |
Not Available |
|
|
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Collaborators : |
Not Available |
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Subsidiary company: |
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|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
L24110GJ1987PLC009362
U24999MH1963PTC012625
U36999GJ2000PLC037423
U65910MH1995PLC085703 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16323256 |
Equity Shares |
INR 10/- each |
INR 163.233 Million |
|
1676744 |
Ordinary Share (Class B Equity Shares) |
INR 10/- each |
INR 16.767
Million |
|
2000000 |
Preference Share |
INR 10/- each |
INR 20.000
Million |
|
|
|
|
|
|
|
Total |
|
INR 200.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9076350 |
Equity Shares |
INR 10/- each |
INR 90.764 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET - STANDALONE
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
90.764 |
93.698 |
96.423 |
|
(b) Reserves and Surplus |
2075.436 |
2397.755 |
3207.151 |
|
(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) |
2166.200 |
2491.453 |
3303.574 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1092.000 |
776.843 |
688.969 |
|
(b) Deferred tax liabilities (Net) |
102.312 |
112.019 |
119.980 |
|
(c) Other long-term
liabilities |
15.376 |
11.657 |
8.364 |
|
(d) long-term
provisions |
40.960 |
36.631 |
14.213 |
|
Total Non-current
Liabilities (3) |
1250.648 |
937.150 |
831.526 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1335.582 |
1099.889 |
1299.172 |
|
(b) Trade
payables |
338.089 |
352.187 |
331.209 |
|
(c) Other
current liabilities |
1463.191 |
1299.345 |
1192.488 |
|
(d) Short-term
provisions |
95.541 |
97.178 |
109.599 |
|
Total Current Liabilities
(4) |
3232.403 |
2848.599 |
2932.468 |
|
|
|
|
|
|
TOTAL |
6649.251 |
6277.202 |
7067.568 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
983.991 |
1019.597 |
1088.288 |
|
(ii)
Intangible Assets |
15.049 |
12.605 |
14.591 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
6.816 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2036.542 |
1807.148 |
1581.865 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
40.642 |
981.061 |
816.084 |
|
(e) Other
Non-current assets |
2.300 |
1.867 |
2.023 |
|
Total Non-Current
Assets |
3078.524 |
3829.094 |
3502.851 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
902.977 |
0.000 |
952.977 |
|
(b)
Inventories |
1483.617 |
1089.575 |
1335.213 |
|
(c) Trade
receivables |
837.688 |
632.294 |
796.804 |
|
(d) Cash and
bank balances |
41.049 |
141.781 |
61.741 |
|
(e)
Short-term loans and advances |
298.915 |
294.784 |
268.017 |
|
(f) Other
current assets |
6.481 |
289.674 |
149.965 |
|
Total
Current Assets |
3570.727 |
2448.108 |
3564.717 |
|
|
|
|
|
|
TOTAL |
6649.251 |
6277.202 |
7067.568 |
PROFIT
& LOSS ACCOUNT - STANDALONE
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
2969.538 |
3205.789 |
3189.613 |
|
|
Other Income |
50.349 |
99.730 |
183.035 |
|
|
TOTAL |
3019.887 |
3305.519 |
3372.648 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1287.292 |
1291.554 |
1551.112 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(230.946) |
183.318 |
(61.632) |
|
|
Employee benefit expense |
390.370 |
341.961 |
314.313 |
|
|
CSR expenditure |
0.640 |
0.411 |
0.000 |
|
|
Other expenses |
1194.632 |
885.861 |
1054.351 |
|
|
Exceptional items before tax |
0.000 |
777.708 |
0.000 |
|
|
TOTAL |
2641.988 |
3480.813 |
2858.144 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
377.899 |
(175.294) |
514.504 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
257.645 |
202.423 |
172.888 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
120.254 |
(377.717) |
341.616 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
94.894 |
102.105 |
96.232 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
25.360 |
(479.822) |
245.384 |
|
|
|
|
|
|
|
Less |
TAX |
(12.440) |
76.945 |
87.508 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
37.800 |
(556.767) |
157.876 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
1593.968 |
2142.375 |
2033.848 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Adjustment on account of
carrying amount of fixed assets as on 1st April 2015 |
0.000 |
0.521 |
14.722 |
|
|
General Reserve |
0.000 |
0.000 |
20.000 |
|
|
Proposed Dividend on Class 'A'
Equity Shares |
0.000 |
(9.076) |
9.076 |
|
|
Proposed dividend on
compulsorily convertible preference shares |
0.000 |
(0.567) |
0.566 |
|
|
Tax on Dividend |
0.000 |
(1.963) |
2.260 |
|
|
Capital Redemption Reserve |
2.934 |
2.725 |
2.725 |
|
|
Total
|
2.934 |
(8.360) |
49.349 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
1628.834 |
1593.968 |
2142.375 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1088.890 |
1735.020 |
1618.221 |
|
|
TOTAL EARNINGS |
1088.890 |
1735.020 |
1618.221 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
429.040 |
318.490 |
485.669 |
|
|
Components and spare
parts |
0.709 |
5.793 |
17.745 |
|
|
Capital Goods |
11.481 |
13.163 |
65.695 |
|
|
TOTAL IMPORTS |
441.230 |
337.446 |
569.110 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.16 |
(61.27) |
17.32 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
128.709 |
325.041 |
285.997 |
|
Net cash flows from (used in) operations |
361.233 |
948.535 |
523.189 |
|
Net cash flows from (used in) operating activities |
335.040 |
870.744 |
426.121 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
102.96 |
71.99 |
91.18 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.54 |
5.07 |
4.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
95.86 |
99.53 |
77.94 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.25 |
(0.16) |
0.39 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.38 |
(0.17) |
0.47 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.67 |
0.63 |
0.55 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.18 |
0.88 |
0.69 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.49 |
1.14 |
0.89 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.46 |
0.42 |
0.33 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.47 |
(0.87) |
2.98 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.27 |
(17.37) |
4.95 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.57 |
(8.87) |
2.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
1.74 |
(22.35) |
4.78 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.10 |
0.86 |
1.22 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.65 |
0.48 |
0.76 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.33 |
0.40 |
0.47 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
28.16 |
23.50 |
23.59 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.10 |
0.86 |
1.22 |
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 |
96.423 |
93.698 |
90.764 |
|
Reserves & Surplus |
3207.151 |
2397.755 |
2075.436 |
|
Net
worth |
3303.574 |
2491.453 |
2166.200 |
|
|
|
|
|
|
Long-term borrowings |
688.969 |
776.840 |
1092.000 |
|
Short term borrowings |
1299.172 |
1099.890 |
1335.582 |
|
Current maturities of
long-term debts |
285.997 |
325.041 |
128.709 |
|
Total
borrowings |
2274.138 |
2201.771 |
2556.291 |
|
Debt/Equity
ratio |
0.688 |
0.884 |
1.180 |
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 |
3189.613 |
3205.789 |
2969.538 |
|
|
0.000 |
0.507 |
(7.370) |
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 |
3189.613 |
3205.789 |
2969.538 |
|
Profit/ (Loss) |
157.876 |
(556.767) |
37.800 |
|
|
4.95
% |
(17.37
%) |
1.27
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
90.764 |
93.698 |
|
(b) Reserves and Surplus |
|
(131.508) |
610.628 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.055 |
2.117 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
(40.744) |
704.326 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2194.363 |
2023.902 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
15.376 |
11.657 |
|
(d) long-term
provisions |
|
40.960 |
36.632 |
|
Total Non-current
Liabilities (3) |
|
2250.699 |
2072.191 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
3031.920 |
2824.103 |
|
(b) Trade
payables |
|
553.231 |
502.730 |
|
(c) Other
current liabilities |
|
2088.005 |
1819.171 |
|
(d) Short-term
provisions |
|
137.119 |
150.486 |
|
Total Current
Liabilities (4) |
|
5810.275 |
5296.490 |
|
|
|
|
|
|
TOTAL |
|
8020.285 |
8075.124 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
2741.680 |
2931.489 |
|
(ii)
Intangible Assets |
|
23.272 |
24.921 |
|
(iii) Tangible assets capital
work-in-progress |
|
0.000 |
6.815 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
100.550 |
1003.528 |
|
(c) Deferred tax assets (net) |
|
40.702 |
33.914 |
|
(d)
Long-term loans and advances |
|
13.525 |
15.577 |
|
(e) Other
Non-current assets |
|
2.300 |
1.867 |
|
Total Non-Current
Assets |
|
2922.029 |
4018.111 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
902.977 |
0.000 |
|
(b)
Inventories |
|
2905.160 |
2935.230 |
|
(c) Trade
receivables |
|
841.432 |
483.839 |
|
(d) Cash and
bank balances |
|
70.431 |
233.245 |
|
(e)
Short-term loans and advances |
|
376.354 |
399.146 |
|
(f) Other
current assets |
|
1.902 |
5.553 |
|
Total
Current Assets |
|
5098.256 |
4057.013 |
|
|
|
|
|
|
TOTAL |
|
8020.285 |
8075.124 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
4327.788 |
4600.340 |
|
|
Other Income |
|
63.174 |
46.945 |
|
|
TOTAL |
|
4390.962 |
4647.285 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1869.941 |
2047.031 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(6.255) |
77.286 |
|
|
Employee benefit expense |
|
1005.959 |
1232.353 |
|
|
CSR expenditure |
|
0.640 |
0.410 |
|
|
Other expenses |
|
1352.769 |
1421.359 |
|
|
TOTAL |
|
4223.054 |
4778.439 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
167.908 |
(131.154) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
409.223 |
345.429 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(241.315) |
(476.583) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
233.324 |
317.203 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(474.639) |
(793.786) |
|
|
|
|
|
|
|
Less |
TAX |
|
(12.440) |
70.808 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
|
(462.199) |
(864.594) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
|
1088.890 |
1735.020 |
|
|
TOTAL EARNINGS |
|
1088.890 |
1735.020 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
|
429.040 |
318.490 |
|
|
Components and spare
parts |
|
0.709 |
5.793 |
|
|
Capital Goods |
|
11.481 |
13.163 |
|
|
TOTAL IMPORTS |
|
441.230 |
337.446 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(49.33) |
(92.27) |
LEGAL
CASES
|
HIGH COURT OF GUJARAT |
|
TAX APPEAL No. 418
of 2017 To TAX APPEAL No. 421 of 2017 |
|
Status : PENDING |
( Converted from
: O/ST/1093/2017 ) |
CCIN No :
001092201700418 |
|
|||
|
|
S.NO. |
Name of the
Petitioner |
Advocate On Record |
|
1 |
PR. COMMISSIONER OF
INCOME TAX-VADODARA-1 |
MR KM PARIKH for:
Appellant(s) |
|
S.NO. |
Name of the Respondant |
Advocate On Record |
|
1 |
INOX INDIA LTD |
DARSHAN R PATEL for :Opponent(s) |
|
|
|||
|
Presented On |
: 05/06/2017 |
Registered On |
: 23/06/2017 |
|
Bench Category |
: DIVISON BENCH |
District |
: VADODARA |
|
Case Originated From |
: THROUGH HIS/HER/THEIR ADVOCATE |
Listed |
: 1 times |
|
StageName |
: URGENT ADMISSION ( FRESH MATTERS ) |
||
|
Classification |
·
DB - OJ - TAX APPEAL - INCOME TAX
ACT, 1961 - APPEAL TO HIGH COURT - U/S 260A |
|
Act |
·
INCOME-TAX ACT, 1961 |
Other Forums
|
|
S.No. |
CASEDETAILS |
TRIBUNAL
REFERRENCE |
ORDER
PASSED BY |
JUDGEMENT
DATE |
PLACE |
|
1 |
ITA NO. 756/AHD/2001 |
INCOME TAX APPELLATE TRIBUNAL, BENCH B AHMEDABAD |
MEMBER |
25/10/2016 |
VADODARA |
Office Details
|
|||||
|
S.
No. |
Filing
Date |
Document
Name |
Advocate
Name |
Court
Fee on Document |
Document
Details |
|
1 |
07/06/2017 |
APPEARANCE NOTE |
MR KM PARIKH ADVOCATE |
0 |
MR KM
PARIKH(575) for P:1 |
|
2 |
07/06/2017 |
MEMO OF PETITION/APPEAL/SUIT |
MR KM PARIKH ADVOCATE |
20 |
MR KM
PARIKH(575), for P:1 |
|
3 |
21/08/2017 |
VAKALATNAMA |
DARSHAN R PATEL ADVOCATE |
5 |
DARSHAN R
PATEL(8486) for R:1 |
Court Proceedings
|
|||||
|
S.
No. |
Notified
Date |
CourtCode |
Board
Sr. No. |
Stage |
Action |
Coram |
|
1 |
04/07/2017 |
3 |
14 |
URGENT ADMISSION ( FRESH MATTERS ) |
RULE/ADMIT |
·
HONOURABLE MR.JUSTICE AKIL KURESHI ·
HONOURABLE MR.JUSTICE BIREN VAISHNAV |
Available Orders
|
||||||
|
S.
No. |
Case
Details |
Judge
Name |
Order
Date |
CAV |
Judgement |
Questions |
Transferred |
Download |
|
|
1 |
TAX APPEAL/418/2017 |
·
HONOURABLE MR.JUSTICE AKIL KURESHI ·
HONOURABLE MR.JUSTICE BIREN VAISHNAV |
04/07/2017 |
N |
ORDER |
- |
Y |
Download |
|
Certified Copy
|
|||||||||
|
S.
No. |
ApplicantName |
ApplicationType |
Application
Date |
UOL
Number |
Order
Date |
Notify
Date |
Delivery
Date |
Status |
Nature
Of Document |
|
1 |
MR KM PARIKH |
ORDINARY |
05/07/2017 |
O/19019/2017 |
04/07/2017 |
06/07/2017 |
07/07/2017 |
Delivered |
ORDER |
HIGH COURT OF GUJARAT
|
|
TAX APPEAL No. 419
of 2017 |
|
[GROUP
00418-00421] |
|
Status : PENDING |
( Converted from
: O/ST/1094/2017 ) |
CCIN No :
001092201700419 |
|
|
|||
|
|||
|
|||
|
S.NO. |
Name of the Petitioner |
Advocate On Record |
|
1 |
PR. COMMISSIONER OF INCOME TAX-VADODARA-1 |
MR KM PARIKH for: Appellant(s) |
|
S.NO. |
Name of the Respondant |
Advocate On Record |
|
1 |
INOX INDIA LTD |
DARSHAN R PATEL for :Opponent(s) |
|
|
|||
|
Presented On |
: 05/06/2017 |
Registered On |
: 23/06/2017 |
|
Bench Category |
: DIVISON BENCH |
District |
: VADODARA |
|
Case Originated From |
: THROUGH HIS/HER/THEIR ADVOCATE |
Listed |
: 1 times |
|
StageName |
: URGENT ADMISSION ( FRESH MATTERS ) |
||
Office Objection
|
|
|
Process
Stage |
·
1. WHETHER INDEX-CUM-CHRONOLOGY OF
DOCUMNETS AND EVENTS FILED ? ·
4. WHETHER PROPER & FULL COURT
FEE IS PAID ? ·
8. WHETHER THE MEMO OF
PETITION/APPEAL IS SIGNED ? ·
12. WHETHER CERTIFIED COPIES FILED
? APPELLATE JUDGEMENT ·
13. WHETHER NAMES OF THE PARTIES
TALLY WITH NAMES IN THE CERTIFIED COPIES ? ·
16. WHETHER PAGING IS DONE ? ·
19. WHETHER COPIES ARE LEGIBLE AND
WHETHER TYPED COPIES OF HAND WRITTEN ANNEXURES FILED ? ·
20. WHETHER COPIES ARE TRUE COPIES
SO SIGNED BY ADVOCATE ? |
|
Classification |
·
DB - OJ - TAX APPEAL - INCOME TAX
ACT, 1961 - APPEAL TO HIGH COURT - U/S 260A |
|
Act |
·
INCOME-TAX ACT, 1961 |
Other Forums
|
|
S.No. |
CASEDETAILS |
TRIBUNAL
REFERRENCE |
ORDER
PASSED BY |
JUDGEMENT
DATE |
PLACE |
|
1 |
ITA NO. 1830/AHD/2001 |
INCOME TAX APPELLATE TRIBUNAL, BENCH B AHMEDABAD |
MEMBER |
25/10/2016 |
VADODARA |
Office Details
|
|||||
|
S.
No. |
Filing
Date |
Document
Name |
Advocate
Name |
Court
Fee on Document |
Document
Details |
|
1 |
07/06/2017 |
APPEARANCE NOTE |
MR KM PARIKH ADVOCATE |
0 |
MR KM
PARIKH(575) for P:1 |
|
2 |
07/06/2017 |
MEMO OF PETITION/APPEAL/SUIT |
MR KM PARIKH ADVOCATE |
20 |
MR KM
PARIKH(575), for P:1 |
|
3 |
21/08/2017 |
VAKALATNAMA |
DARSHAN R PATEL ADVOCATE |
5 |
DARSHAN R
PATEL(8486) for R:1 |
Court Proceedings
|
|||||
|
S.
No. |
Notified
Date |
CourtCode |
Board
Sr. No. |
Stage |
Action |
Coram |
|
1 |
04/07/2017 |
3 |
14 |
URGENT ADMISSION ( FRESH MATTERS ) |
RULE/ADMIT |
·
HONOURABLE MR.JUSTICE AKIL KURESHI ·
HONOURABLE MR.JUSTICE BIREN VAISHNAV |
Available Orders
|
||||||
|
S.
No. |
Case
Details |
Judge
Name |
Order
Date |
CAV |
Judgement |
Questions |
Transferred |
Download |
|
|
1 |
TAX APPEAL/418/2017 |
·
HONOURABLE MR.JUSTICE AKIL KURESHI ·
HONOURABLE MR.JUSTICE BIREN VAISHNAV |
04/07/2017 |
N |
ORDER |
- |
Y |
Download |
|
Certified Copy
|
|||||||||
|
S.
No. |
ApplicantName |
ApplicationType |
Application
Date |
UOL
Number |
Order
Date |
Notify
Date |
Delivery
Date |
Status |
Nature
Of Document |
|
1 |
MR KM PARIKH |
ORDINARY |
05/07/2017 |
O/19018/2017 |
04/07/2017 |
06/07/2017 |
07/07/2017 |
Delivered |
ORDER |
HIGH COURT OF
GUJARAT
|
|
TAX APPEAL No. 420
of 2017 |
|
[GROUP
00418-00421] |
|
Status : PENDING |
( Converted from
: O/ST/1095/2017 ) |
CCIN No :
001092201700420 |
|
|||
|
|
S.NO. |
Name of the Petitioner |
Advocate On Record |
|
1 |
PR. COMMISSIONER OF INCOME TAX-VADODARA-1 |
MR KM PARIKH for: Appellant(s) |
|
S.NO. |
Name of the Respondant |
Advocate On Record |
|
1 |
INOX INDIA LTD |
DARSHAN R PATEL for :Opponent(s) |
|
Presented On |
: 05/06/2017 |
Registered On |
: 23/06/2017 |
|
Bench Category |
: DIVISON BENCH |
District |
: VADODARA |
|
Case Originated From |
: THROUGH HIS/HER/THEIR ADVOCATE |
Listed |
: 1 times |
|
StageName |
: URGENT ADMISSION ( FRESH MATTERS ) |
||
|
Classification |
·
DB - OJ - TAX APPEAL - INCOME TAX ACT,
1961 - APPEAL TO HIGH COURT - U/S 260A |
|
Act |
·
INCOME-TAX ACT, 1961 |
Other Forums
|
|
S.No. |
CASEDETAILS |
TRIBUNAL
REFERRENCE |
ORDER
PASSED BY |
JUDGEMENT
DATE |
PLACE |
|
1 |
ITA NO. 823/AHD/2003 |
INCOME TAX APPELLATE TRIBUNAL, BENCH B AHMEDABAD |
MEMBER |
25/10/2016 |
VADODARA |
Office Details
|
|||||
|
S.
No. |
Filing
Date |
Document
Name |
Advocate
Name |
Court
Fee on Document |
Document
Details |
|
1 |
07/06/2017 |
APPEARANCE NOTE |
MR KM PARIKH ADVOCATE |
0 |
MR KM
PARIKH(575) for P:1 |
|
2 |
07/06/2017 |
MEMO OF PETITION/APPEAL/SUIT |
MR KM PARIKH ADVOCATE |
20 |
MR KM
PARIKH(575), for P:1 |
|
3 |
21/08/2017 |
VAKALATNAMA |
DARSHAN R PATEL ADVOCATE |
5 |
DARSHAN R
PATEL(8486) for R:1 |
Court Proceedings
|
|||||
|
S.
No. |
Notified
Date |
CourtCode |
Board
Sr. No. |
Stage |
Action |
Coram |
|
1 |
04/07/2017 |
3 |
14 |
URGENT ADMISSION ( FRESH MATTERS ) |
RULE/ADMIT |
·
HONOURABLE MR.JUSTICE AKIL KURESHI ·
HONOURABLE MR.JUSTICE BIREN VAISHNAV |
Available Orders
|
||||||
|
S.
No. |
Case
Details |
Judge
Name |
Order
Date |
CAV |
Judgement |
Questions |
Transferred |
Download |
|
|
1 |
TAX APPEAL/418/2017 |
·
HONOURABLE MR.JUSTICE AKIL KURESHI ·
HONOURABLE MR.JUSTICE BIREN VAISHNAV |
04/07/2017 |
N |
ORDER |
- |
Y |
Download |
|
Certified Copy
|
|||||||||
|
S.
No. |
ApplicantName |
ApplicationType |
Application
Date |
UOL
Number |
Order
Date |
Notify
Date |
Delivery
Date |
Status |
Nature
Of Document |
|
1 |
MR KM PARIKH |
ORDINARY |
05/07/2017 |
O/19017/2017 |
04/07/2017 |
11/07/2017 |
12/07/2017 |
Delivered |
ORDER |
HIGH COURT OF
GUJARAT
|
|
TAX APPEAL No. 420
of 2017 |
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[GROUP
00418-00421] |
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Status : PENDING |
( Converted from
: O/ST/1095/2017 ) |
CCIN No : 001092201700420 |
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S.NO. |
Name of the Petitioner |
Advocate On Record |
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1 |
PR. COMMISSIONER OF INCOME TAX-VADODARA-1 |
MR KM PARIKH for: Appellant(s) |
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S.NO. |
Name of the Respondant |
Advocate On Record |
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1 |
INOX INDIA LTD |
DARSHAN R PATEL for :Opponent(s) |
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Presented On |
: 05/06/2017 |
Registered On |
: 23/06/2017 |
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Bench Category |
: DIVISON BENCH |
District |
: VADODARA |
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Case Originated From |
: THROUGH HIS/HER/THEIR ADVOCATE |
Listed |
: 1 times |
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StageName |
: URGENT ADMISSION ( FRESH MATTERS ) |
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Classification |
·
DB - OJ - TAX APPEAL - INCOME TAX ACT,
1961 - APPEAL TO HIGH COURT - U/S 260A |
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Act |
·
INCOME-TAX ACT, 1961 |
Other Forums
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S.No. |
CASEDETAILS |
TRIBUNAL
REFERRENCE |
ORDER
PASSED BY |
JUDGEMENT
DATE |
PLACE |
|
1 |
ITA NO. 823/AHD/2003 |
INCOME TAX APPELLATE TRIBUNAL, BENCH B AHMEDABAD |
MEMBER |
25/10/2016 |
VADODARA |
Office Details
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S.
No. |
Filing
Date |
Document
Name |
Advocate
Name |
Court
Fee on Document |
Document
Details |
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1 |
07/06/2017 |
APPEARANCE NOTE |
MR KM PARIKH ADVOCATE |
0 |
MR KM
PARIKH(575) for P:1 |
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2 |
07/06/2017 |
MEMO OF PETITION/APPEAL/SUIT |
MR KM PARIKH ADVOCATE |
20 |
MR KM
PARIKH(575), for P:1 |
|
3 |
21/08/2017 |
VAKALATNAMA |
DARSHAN R PATEL ADVOCATE |
5 |
DARSHAN R
PATEL(8486) for R:1 |
Court Proceedings
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S.
No. |
Notified
Date |
CourtCode |
Board
Sr. No. |
Stage |
Action |
Coram |
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1 |
04/07/2017 |
3 |
14 |
URGENT ADMISSION ( FRESH MATTERS ) |
RULE/ADMIT |
·
HONOURABLE MR.JUSTICE AKIL KURESHI ·
HONOURABLE MR.JUSTICE BIREN VAISHNAV |
Available Orders
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S.
No. |
Case
Details |
Judge
Name |
Order
Date |
CAV |
Judgement |
Questions |
Transferred |
Download |
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1 |
TAX APPEAL/418/2017 |
·
HONOURABLE MR.JUSTICE AKIL KURESHI ·
HONOURABLE MR.JUSTICE BIREN VAISHNAV |
04/07/2017 |
N |
ORDER |
- |
Y |
Download |
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Certified Copy
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S.
No. |
ApplicantName |
ApplicationType |
Application
Date |
UOL
Number |
Order
Date |
Notify
Date |
Delivery
Date |
Status |
Nature
Of Document |
|
1 |
MR KM PARIKH |
ORDINARY |
05/07/2017 |
O/19017/2017 |
04/07/2017 |
11/07/2017 |
12/07/2017 |
Delivered |
ORDER |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by info
agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
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2 |
Constitution of the entity -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
No |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
Yes |
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8 |
Designation of contact person |
Yes |
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9 |
Promoter’s background |
Yes |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
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11 |
Pan Card No. of Proprietor / Partners |
Yes |
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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 |
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21 |
Banking facility details |
Yes |
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22 |
Conduct of the banking account |
-- |
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23 |
Financials, if provided |
Yes |
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24 |
Capital in the business |
Yes |
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25 |
Last accounts filed at ROC, if applicable |
Yes |
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26 |
Turnover of firm for last three years |
Yes |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
No |
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29 |
Profitability for last three years |
Yes |
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30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
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33 |
Market information |
-- |
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34 |
Payments terms |
No |
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35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BACKGROUND
The Company is in the business of manufacturing of tanks. For the purpose of disclosure of segment information, the Company considers this activity as a single business segment.
REVIEW OF OPERATIONS AND
THE STATE OF COMPANY'S AFFAIRS:
The company's Indian operations have achieved total revenue of INR 3019.900 million compared to INR 3305.500 Million for the previous year.
The Company has achieved Net profit before tax and exceptional items of INR 25.360 Million. Compared to INR (479.822) Million in previous year. Reason for lower profitability in current year is due to write-off of interest receivable of INR 282.400 Million. (upto the period 31.03.16) from its US Subsidiary on loan given and on overdue trade receivable. Also in current year, no interest has been charged on outstanding loan amount and on overdue trade receivable from its US Subsidiary due to restructuring of loans by converting Loans into Optionally Convertible Preference Shares (OCPS) w.e.f. 01.04.16 for which necessary approval from RBI has been received.
During this period, Industrial gas activities in India have remained depressed with practically no new industrial gas production capacities coming on stream, Steel industry also remained depressed While LNG industry opportunities continue to grow, initial phase of implementation is still challenging due to new regulatory being set globally Cryoscientific Division has completed major part of engineering and analysis during the current year. This project shall provide continued business over next few years.
The Company take this opportunity to compliment the INOXCVA team who have put sustained efforts in creating new opportunities of growth.
With the unique combination of latest technology, global manufacturing locations for supply, and with credible track record, we hope that the company will achieve recognition as a global player in this specialized field.
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 |
40.000 |
190.000 |
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Total |
40.000 |
190.000 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G53291175 |
100105902 |
YES BANK LIMITED |
30/05/2017 |
07/09/2017 |
- |
250000000.0 |
NEHRU CENTRE, 9TH FLOOR DISCOVERY OF INDIADR. A.B. ROAD, WORLIMUMBAIMH400018IN |
|
2 |
G41578071 |
100091519 |
CATALYST TRUSTEESHIP LIMITED |
23/03/2017 |
- |
- |
1200000000.0 |
GDA House, First Floor, Plot No. 85S. No. 94 & 95, Bhusari Colony (Right), KothrudPuneMa411038IN |
|
3 |
G40880312 |
100089453 |
ADITYA BIRLA FINANCE LIMITED |
15/03/2017 |
- |
- |
700000000.0 |
Indian Rayon Compound,VeravalGu362266IN |
|
4 |
G00703686 |
100017129 |
GDA TRUSTEESHIP LIMITED |
01/03/2016 |
- |
- |
500000000.0 |
GDA House, First Floor, Plot No. 85S. No. 94 & 95, Bhusari Colony (Right), KothrudPuneMa411038IN |
|
5 |
G53291076 |
10556001 |
YES BANK LIMITED |
20/01/2015 |
07/09/2017 |
- |
1650000000.0 |
NEHRU CENTRE, 9TH FLOOR DISCOVERY OF INDIADR. ANNIE BESENT ROAD, WORLIMUMBAIMH400018IN |
|
6 |
G05035399 |
100050890 |
ICICI BANK LIMITED |
13/01/2015 |
- |
- |
1227158650.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGu390015IN |
|
7 |
G46426573 |
10517829 |
YES BANK LIMITED |
06/08/2014 |
26/05/2017 |
- |
750000000.0 |
NEHRU CENTRE, 9TH FLOOR DISCOVERY OF INDIADR. A.B. ROAD, WORLIMUMBAIMH400018IN |
|
8 |
G48072201 |
10113713 |
Standard Chartered Bank |
08/07/2008 |
04/07/2017 |
- |
750000000.0 |
Abhijeet- II,Ground floorNear Mithakhali Six RoadsAhmedabadGJ380006IN |
|
9 |
B97708523 |
90103736 |
IDBI Bank Limited |
24/01/2000 |
08/02/2014 |
- |
2231000000.0 |
IDBI TOWERWTC COMPLEXCUFFE PARADEMUMBAIMH400005IN |
|
10 |
A63864086 |
80018298 |
HDFC BANK LIMITED |
08/12/1997 |
22/05/2009 |
- |
600000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against company not acknowledged as debt |
2.796 |
2.796 |
|
Guarantees |
1632.142 |
1306.645 |
|
Other money for which company is contingently liable |
3882.374 |
3179.489 |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office 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 64.90 |
|
|
1 |
INR 91.86 |
|
Euro |
1 |
INR 80.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUJ |
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.