|
|
|
MIRA INFORM REPORT
|
Report No. : |
499441 |
|
Report Date : |
26.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
LEADSTONE ENERGY LIMITED |
|
|
|
|
Registered
Office : |
19, R N Mukherjee Road, (Main Building), 1st Floor, P S Hare Street,
Kolkata – 700001, West Bengal |
|
Tel. No.: |
91-33-22481789 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
19.04.1994 |
|
|
|
|
Com. Reg. No.: |
21-062953 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 7.933 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31402WB1994PLC062953 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
19AAACL4675K1Z2 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL4675K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the business of manufacturing of lead, lead alloys, lead oxides. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied 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 |
|
Maximum Credit Limit : |
USD 220000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1994. It is a supplier of refined lead, lead alloys and lead oxides, such as red lead, lead sub-oxide and litharge. The subject’s customer includes, HBL Power Systems Limited, Southern Batteries, etc. For the financial year 2017, the company has achieved 78.70% growth in its revenue as compared to previous year revenue along with average profit margin of 1.13%. 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. 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. |
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
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 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 BY
|
Name : |
Not Divulged |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-33-22101191 / 22481789 |
|
Date : |
23.03.2017 |
LOCATIONS
|
Registered Office : |
19, R N Mukherjee Road, (Main Building), 1st Floor, P S Hare Street,
Kolkata – 700001, West Bengal, India |
|
Tel. No.: |
91-33-22481789 / 22101191 / 22481790 / 32505550 |
|
Fax No.: |
91-33-22435661 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Suresh Kumar Maheshwari |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Ganges Residency, Block-A, Flat No.202, 2nd Floor 36, Tollygunge Circular
Road, Near Shital Sadan Pet, Kolkata – 700053, West Bengal, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.06.1960 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.10.2000 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00545664 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AESPM2759L |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Chandra Prakash Kakarania |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
R-602, 6th Floor, City Centre Residency DC 1, Sector I, Salt Lake,
Kolkata – 700064, West Bengal, India |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.03.2017 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00203663 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ramesh Kumar Maheshwari |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Block-A, Flat-502, Ganges Residency, 36, Tollygunge Circular Road,
Kolkata – 700053, West Bengal, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.01.1956 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.04.1994 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00545364 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AEZPM0448M |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Biswanath Bhattacharjee |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
1/33/11, Bijoygarh PO PS Jadavpur, Kolkata – 700032, West Bengal,
India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.11.1949 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.08.2005 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00545918 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ACWPB2869G |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Dilip Kumar Guha |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
1, Garfa Road, P.O Haltu, Kolkata – 700078, West Bengal, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.07.1937 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.08.2005 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00552138 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AEBPG4134N |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Kedar Nath Gupta |
|
100 |
|
Ramesh Kumar Maheshwari |
|
135750 |
|
Suresh Kumar Maheshwari |
|
159150 |
|
Urmila Maheshwari |
|
22420 |
|
Rajesh Kumar Maheshwari |
|
136738 |
|
Madhu Maheshwari |
|
72250 |
|
Laxmi Maheshwari |
|
6300 |
|
Neha Maheshwari |
|
14300 |
|
Swati Maheshwari |
|
400 |
|
Kumud Maheshwari |
|
6500 |
|
Altos Sales Private Limited |
|
32000 |
|
R. K. Maheshwari (HUF) |
|
16250 |
|
Harshvardhan Maheshwari |
|
106750 |
|
J.K. Maheshwari and Sons (HUF) |
|
65600 |
|
S.K. Maheshwari (HUF) |
|
3000 |
|
Shilpa Maheshwari |
|
15800 |
|
|
|
|
|
Total |
|
793308 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided Family
(Indian)] |
54.41 |
|
Public/Other than promoters
[Individual/Hindu Undivided Family (Indian)] |
41.56 |
|
Public/Other than promoters [Body corporate] |
4.03 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of manufacturing of lead, lead alloys, lead oxides. [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 denied by the management |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Rustagi and Company Chartered Accountants |
|
Address : |
19, R. N. Mukherjee Road, Kolkata – 700001, West
Bengal, India |
|
PAN No.: |
AAUFS1566M |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
950000 |
Equity Shares |
INR 10/- each |
INR 9.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
793308 |
Equity Shares |
INR 10/- each |
INR 7.933 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
7.933 |
7.933 |
7.420 |
|
(b) Reserves & Surplus |
70.655 |
46.353 |
39.126 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
2.897 |
2.249 |
|
Total
Shareholders’ Funds (1) + (2) |
78.588 |
57.183 |
48.795 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
12.281 |
23.869 |
25.400 |
|
(b) Deferred tax liabilities (Net) |
5.623 |
3.417 |
2.963 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
17.904 |
27.286 |
28.363 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
144.405 |
111.315 |
66.721 |
|
(b) Trade
payables |
24.968 |
16.834 |
3.002 |
|
(c) Other
current liabilities |
7.290 |
2.743 |
0.795 |
|
(d) Short-term
provisions |
2.913 |
2.397 |
0.479 |
|
Total Current
Liabilities (4) |
179.576 |
133.289 |
70.997 |
|
|
|
|
|
|
TOTAL |
276.068 |
217.758 |
148.155 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
51.930 |
32.989 |
33.093 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
2.212 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.010 |
0.492 |
0.015 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
0.462 |
2.335 |
1.744 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
52.402 |
38.028 |
34.852 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
105.125 |
95.866 |
69.555 |
|
(c) Trade
receivables |
80.036 |
51.731 |
30.716 |
|
(d) Cash and
cash equivalents |
3.394 |
8.638 |
2.390 |
|
(e)
Short-term loans and advances |
35.077 |
23.436 |
10.114 |
|
(f) Other
current assets |
0.034 |
0.059 |
0.528 |
|
Total
Current Assets |
223.666 |
179.730 |
113.303 |
|
|
|
|
|
|
TOTAL |
276.068 |
217.758 |
148.155 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
1824.072 |
1020.732 |
816.312 |
|
|
|
|
Other Income |
8.123 |
1.363 |
0.174 |
|
|
|
|
TOTAL |
1832.195 |
1022.095 |
816.486 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
1710.129 |
941.966 |
718.098 |
|
|
|
|
Purchase of Stock-in-trade |
0.000 |
11.995 |
26.143 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(7.341) |
(8.963) |
0.018 |
|
|
|
|
Employee Benefits Expenses |
16.369 |
10.898 |
9.732 |
|
|
|
|
Other Expenses |
46.541 |
34.426 |
36.394 |
|
|
|
|
TOTAL |
1765.698 |
990.322 |
790.385 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
66.497 |
31.773 |
26.101 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
25.987 |
17.307 |
15.412 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
40.510 |
14.466 |
10.689 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
3.449 |
2.981 |
3.558 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
37.061 |
11.485 |
7.131 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
12.760 |
4.251 |
2.375 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
24.301 |
7.234 |
4.756 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
F.O.B value of Exports |
58.046 |
15.323 |
3.586 |
|
|
|
TOTAL EARNINGS |
58.046 |
15.323 |
3.586 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
C.I.F value of Import |
781.735 |
591.373 |
381.625 |
|
|
|
TOTAL IMPORTS |
781.735 |
591.373 |
381.625 |
||
|
|
|
|
|
|
||
|
|
Earnings / (Loss)
Per Share (INR) |
30.63 |
9.75 |
6.41 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.630 |
1.487 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
27.063 |
(14.023) |
(1.883) |
|
Net cash flows from (used in) operating activities |
16.874 |
(14.952) |
(3.533) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
16.02 |
18.50 |
13.73 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
22.79 |
19.73 |
26.58 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
5.33 |
6.44 |
1.47 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.63 |
0.33 |
0.38 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.28 |
0.90 |
0.79 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.70 |
0.73 |
0.65 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.01 |
2.39 |
1.89 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.29 |
2.33 |
1.46 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.66 |
0.62 |
0.68 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.56 |
1.84 |
1.69 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
1.33 |
0.71 |
0.58 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.80 |
3.32 |
3.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
30.92 |
12.65 |
9.75 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.25 |
1.35 |
1.60 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.66 |
0.63 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.28 |
0.26 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
19.96 |
17.23 |
12.42 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.25 |
1.35 |
1.60 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
7.420 |
7.933 |
7.933 |
|
Reserves & Surplus |
39.126 |
46.353 |
70.655 |
|
Share Application money pending allotment |
2.249 |
2.897 |
0.000 |
|
Net
worth |
48.795 |
57.183 |
78.588 |
|
|
|
|
|
|
Long Term borrowings |
25.400 |
23.869 |
12.281 |
|
Short Term borrowings |
66.721 |
111.315 |
144.405 |
|
Current maturities of long term debt |
0.000 |
1.487 |
1.630 |
|
Total
borrowings |
92.121 |
136.671 |
158.316 |
|
Debt/Equity
ratio |
1.888 |
2.390 |
2.015 |
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
|
816.312 |
1020.732 |
1824.072 |
|
|
|
25.042 |
78.702 |
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
|
816.312 |
1020.732 |
1824.072 |
|
Profit/(Loss) |
4.756 |
7.234 |
24.301 |
|
|
0.58% |
0.71% |
1.33% |
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 |
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 |
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 |
No |
|
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 |
OPERATIONAL PERFORMANCE
The Company is engaged in the business of manufacturing of Lead, Lead Alloys, Lead Oxides. There has been no change in the business of the Company during the financial year ended March 31, 2017. This is yet another landmark year when the company crossed its turnover over INR 2000.000 million being highest in the history of the company. In its endevour to develop export markets, the company could achieve export turnover of INR 58.000 million during the year.
The highlights of the Company’s performance for the year are as under:-
Revenue from operations experienced a growth of 79.23%.
Exports grew by 3.79 times.
Profit after Tax for the year has increased more than thrice to INR 24.301 million from INR 7.234 million of last year.
Earnings per share has increased more than 3 times to INR 30.63 from INR 9.75.
PROJECT
As reported last year, the Expansion and Modification Scheme was completed and commercial production started during the year. The results of improvement in productivity and efficiency are already visible in the result of the company.
During the current year also the company has decided for capex INR 20.000 million approximately for the following:
Renovation of existing Factory Shed of old Lead Plant with more area, height and proper flooring.
Higher capacity cranes for proper raw material and finished goods handling.
Auto charging system for Rotary Furnace.
Additional Pollution Control Systems for dust and fugitive.
FUTURE OUTLOOK:
With the additions of more facilities as mentioned above, not only productivity of the Company will improve but there will be reduction in the cost of Power and Fuel and better utilization of manpower.
Moreover, the environment will be better once the project is completed.
The Company is also in the process of penetrating in the International market in a big way and expects to increase its Export many fold during the current year.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
1.000 |
1.000 |
|
Other loans and advances |
5.000 |
15.000 |
|
|
|
|
|
Total |
6.000 |
16.000 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G02534741 |
100023573 |
HERO FINCORP LIMITED |
15/02/2016 |
- |
- |
8694327.0 |
34, COMMUNITY CENTRE, BASANT LOKVASANT VIHARNEW DELHIDE110057IN |
|
2 |
G55541114 |
10265139 |
ICICI BANK LIMITED |
05/02/2011 |
21/07/2017 |
- |
179000000.0 |
3A, GURUSADAY ROAD2ND FLOORKOLKATAWB700019IN |
|
3 |
G55545131 |
10402231 |
ICICI BANK LIMITED |
11/02/2013 |
16/07/2016 |
09/10/2017 |
149000000.0 |
3A, GURUSADAY ROAD2ND FLOORKOLKATAWB700019IN |
|
4 |
B14907372 |
90245196 |
WEST BENGAL INDUSTRIAL DEV. COP. LTD. |
20/06/1995 |
24/11/2005 |
16/06/2011 |
40400000.0 |
5; COUNCIL HOUSE STREETCALCUTTAWB700001IN |
|
5 |
B14905608 |
10107677 |
WEST BENGAL INDUSTRIAL DEVELOPMENT CORPN LTD |
20/05/2008 |
- |
16/06/2011 |
15000000.0 |
5 COUNCIL HOUSE ST.KOLKATAWB700001IN |
|
6 |
B14908545 |
90245541 |
WEST BENGAL INDUSTRIAL DEV. COP. LTD. |
15/09/1999 |
- |
16/06/2011 |
6400000.0 |
5; COUNCIL HOUSE STREETCALCUTTAWB700001IN |
|
7 |
B14911168 |
10090683 |
WEST BENGAL INDUSTRIAL DEVELOPMENT CORPN LTD |
05/03/2008 |
- |
16/06/2011 |
3000000.0 |
5 COUNCIL HOUSE ST.KOLKATAWB700001IN |
|
8 |
B14910525 |
80063203 |
WEST BENGAL INDUSTRIAL DEVELOPMENT CORPORATION LTD. |
14/06/2006 |
- |
16/06/2011 |
9000000.0 |
5, COUNCIL HOUSE STREETKOLKATAWB700001IN |
|
9 |
B12177648 |
90245258 |
STATE BANK OF INDORE |
27/10/1996 |
15/07/2008 |
11/05/2011 |
37800000.0 |
9, BRABOURNE RAODKOLKATAWB700001IN |
|
10 |
B12177341 |
90246865 |
STATE BANK OF INDORE |
18/03/1997 |
02/02/2009 |
11/05/2011 |
37800000.0 |
9, BRABOURNE ROADKOLKATAWB700001 |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 65.06 |
|
|
1 |
INR 92.06 |
|
Euro |
1 |
INR 80.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NKT |
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.