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MIRA INFORM REPORT
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Report No. : |
499787 |
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Report Date : |
27.03.2018 |
IDENTIFICATION DETAILS
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Name : |
EAST INDIA UDYOG LIMITED (w.e.f.15.07.1988) EAST INDIA UDYOG PRIVATE LIMITED (w.e.f.24.07.1987) |
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Formerly Known
As : |
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Registered
Office : |
B-41, Maharani Bagh, New Delhi - 110065 |
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Mobile No.: |
91-8800697135 (Mr. Deepak Bidani) |
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Country : |
India |
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Financials (as on)
: |
31.03.2016 |
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Date of
Incorporation : |
07.06.1966 |
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Com. Reg. No.: |
55-329545 (New) 21-026834 (Old) |
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Capital
Investment / Paid-up Capital : |
INR 28.983 Million |
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CIN No.: [Company Identification
No.] |
U31102DL1966PLC329545 (New) U31102WB1966PLC026834 (Old) |
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IEC No.: [Import-Export Code No.] |
0288043898 |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACE6839Q |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
(Registered Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1966 and it is having good track records. The company manufactures power distribution transformers and conductors, and also undertakes power distribution projects on a turnkey basis. Management of the company has not filed its financials of 2017 with government department. For the financial year 2016, the company has increased its revenue from operations as compared to previous year and maintained decent profitability margin of 8.50%. Rating takes into consideration sound financial profile of the company marked by healthy networth base and low debt balance sheet. Further, rating also reflects from its extensive experience of the promoters in the transformer industry along with established track record of business operations and market position. However, rating strength is partially offset by working capital intensive operations and exposure to risks related to tender-based operations and geographic concentration in the projects division. Trade relations are reported as fair. Business is active. Payment terms are seems to be regular. In view of the 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) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CRISIL |
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Rating |
Long Term Rating = BBB- |
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Rating Explanation |
Moderate degree of safety and moderate credit
risk. |
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Date |
07.12.2017 |
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Rating Agency Name |
CRISIL |
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Rating |
Short Term Rating = A3 |
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Rating Explanation |
Moderate degree of safety and higher credit
risk. |
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Date |
07.12.2017 |
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 27.03.2018
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. Deepak Bidani |
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Designation : |
Accounts Manager |
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Contact No.: |
91-8800697135 |
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Name : |
Mr. Surendra Gupta |
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Designation : |
Marketing Director |
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Contact No.: |
91-8750056070 |
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Date : |
26.03.2018 |
LOCATIONS
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Registered Office : |
B-41, Maharani Bagh, New Delhi – 110065, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-8800697135 (Mr. Deepak Bidani) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office/ Factory 1 (Transformers)
: |
145, |
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Tel. No.: |
91-120-4175700 |
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Fax No.: |
91-120-4105890 |
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E-Mail : |
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Factory 2: |
23, Loni Road, Mohan Nagar, Ghaziabad, Uttar Pradesh, India |
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Factory 3: |
123, Anand Industrial Area, Mohan Nagar, |
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Factory 4: |
1088, Salempur Rajputan Industrial Area, Roorkee, Uttarakhand, India |
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Factory 5: |
144, Lakshwari, Industrial Area, Bhagwanpur, Roorkee, Uttarkhand,
India |
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Factory 6 (Conductor) : |
148 and 158, Raipur Industrial Area, Roorkee, Uttarkhand, India |
DIRECTORS
AS ON 31.03.2018
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Name : |
Mr. Sushil Kumar Singhi |
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Designation : |
Director |
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Address : |
493/B G.T.Road (South) Vikram Vihar, Bunglow No 56 Shibpur Howrah-711102, West Bengal, India |
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Date of Appointment : |
26.08.2016 |
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DIN No.: |
00013684 |
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Other
Directorship:
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Name : |
Mr. Sardul Singh Jain |
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Designation : |
Director |
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Address : |
3,Middleton Row 8th Floor, Kolkata-700016, West Bengal, India |
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Date of Appointment : |
30.11.1995 |
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DIN No.: |
00013732 |
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Other
Directorship:
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Name : |
Mr. Manoj Kumar Kundalia |
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Designation : |
Director |
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Address : |
2, Digamber Jain Temple Road 3rd Floor, Kolkata-700007,
West Bengal, India |
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Date of Appointment : |
26.08.2016 |
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DIN No.: |
00624373 |
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Other
Directorship:
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Name : |
Mr. Indira Lohia |
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Designation : |
Whole time Director |
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Address : |
G - 3, Maharani Bagh, New Delhi-110065, India |
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Date of Birth/Age : |
07.10.1952 |
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Qualification : |
Graduate |
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Date of Appointment : |
26.03.1993 |
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PAN No.: |
ABUPL5510D |
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DIN No.: |
00897501 |
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Other
Directorship:
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Name : |
Mr. Harsh Gupta |
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Designation : |
Managing Director |
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Address : |
B-41, Block-B, Maharani Bagh, Delhi-110065, India |
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Date of Birth/Age : |
06.12.1971 |
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Qualification : |
Post Graduate diploma in international Marketing from Delhi School of econo |
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Date of Appointment : |
01.04.2011 |
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PAN No.: |
ACDPG9369D |
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DIN No.: |
00899037 |
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Other
Directorship:
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Name : |
Mr. Mohit Saraogi |
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Designation : |
Director |
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Address : |
28/1,Shakespeare Sarani, Kolkata-700017, West Bengal, India |
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Date of Appointment : |
02.05.2016 |
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DIN No.: |
03600877 |
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Other
Directorship:
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KEY EXECUTIVES
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Name : |
Mr. Deepak Bidani |
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Designation : |
Accounts Manager |
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Name : |
Mr. Surendra Gupta |
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Designation : |
Marketing Director |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
|
Nikunj Kumar Lohia |
290000 |
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Indira Lohia |
66900 |
|
Hari Overseas Private Limited |
524700 |
|
Shri Gyanodaya Investments Limited |
100000 |
|
East India Exclusive Fabrics Limited |
205000 |
|
Prabhat Powerloom Factory Private Limited |
210000 |
|
Jyoti Udyog Limited |
355000 |
|
Alliance Laminators Private Limited |
585000 |
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Manisha Lohia |
6750 |
|
Yogeshwar Development Limited |
300000 |
|
Vasundhara Plantation Private Limited |
10500 |
|
S K Growth Fund Private Limited |
7500 |
|
Pearl Planet Private Limited |
71540 |
|
Kuber Dealcom Private Limited |
7500 |
|
Sunflower Investment Management Private Limited |
51909 |
|
Sungold Merchandise Private Limited |
6000 |
|
Harsh Gupta |
100000 |
|
Total |
2898299 |
Equity Share Break up (Percentage of Total Equity)
AS ON 26.09.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
16.00 |
|
Promoters- Body corporate |
71.77 |
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Public/Other than promoters - Body corporate |
12.23 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
(Registered Activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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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 denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
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Auditors : |
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Name : |
K. Prasad and Company Chartered Accountants |
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Address : |
G-1, Ground Floor, South Extension, New Delhi -110049, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFK7990B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Others Related
Parties : (As on 31.03.2016) |
[U65999WB1991PLC050970]
[U51225WB1985PTC039447]
[U17117WB1975PTC030255]
[U24222WB1999PTC090231]
[U31901WB1973PLC028781]
[U17111WB1954PLC021946]
[U51420WB1979PTC031946] |
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Subsidiary : |
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CAPITAL STRUCTURE
After 26.09.2016
Authorised Capital : INR 100.000 Million
Issued, Subscribed & Paid-up Capital : INR 33.985
Million
AS ON 26.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2898299 |
Equity Shares |
INR 10/- each |
INR 28.983 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
28.983 |
28.983 |
27.504 |
|
(b) Reserves &
Surplus |
1649.381 |
1308.333 |
906.224 |
|
(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) |
1678.364 |
1337.316 |
933.728 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
18.008 |
24.844 |
26.663 |
|
(b) Deferred tax
liabilities (Net) |
1.164 |
2.572 |
6.139 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
11.253 |
9.382 |
7.152 |
|
Total Non-current
Liabilities (3) |
30.425 |
36.798 |
39.954 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1269.915 |
1073.728 |
931.485 |
|
(b) Trade payables |
1223.621 |
940.595 |
710.760 |
|
(c) Other current
liabilities |
161.028 |
83.520 |
77.792 |
|
(d) Short-term provisions |
86.597 |
72.251 |
31.432 |
|
Total Current Liabilities
(4) |
2741.161 |
2170.094 |
1751.469 |
|
|
|
|
|
|
TOTAL |
4449.950 |
3544.208 |
2725.151 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
133.688 |
134.515 |
141.268 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
4.119 |
4.119 |
4.119 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
60.232 |
34.284 |
30.667 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
198.039 |
172.918 |
176.054 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1120.790 |
682.020 |
414.246 |
|
(c) Trade receivables |
2740.015 |
2291.630 |
1871.037 |
|
(d) Cash and cash
equivalents |
248.121 |
224.323 |
138.746 |
|
(e) Short-term loans and
advances |
130.553 |
162.599 |
118.953 |
|
(f) Other current assets |
12.432 |
10.718 |
6.115 |
|
Total Current Assets |
4251.911 |
3371.290 |
2549.097 |
|
|
|
|
|
|
TOTAL |
4449.950 |
3544.208 |
2725.151 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
4011.785 |
3945.606 |
2318.355 |
|
|
Other Income |
31.510 |
27.654 |
15.554 |
|
|
TOTAL |
4043.295 |
3973.260 |
2333.909 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1285.223 |
1601.759 |
1315.537 |
|
|
Purchases of
Stock-in-Trade |
1286.011 |
1197.200 |
186.368 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(427.859) |
(267.370) |
(3.216) |
|
|
Employees benefits
expense |
197.437 |
115.317 |
81.633 |
|
|
CSR expense |
4.647 |
2.820 |
0.000 |
|
|
Other expenses |
968.166 |
676.286 |
374.060 |
|
|
TOTAL |
3313.625 |
3326.012 |
1954.382 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
729.670 |
647.248 |
379.527 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
239.667 |
208.413 |
189.037 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
490.003 |
438.835 |
190.490 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
18.999 |
20.450 |
13.051 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
471.004 |
418.385 |
177.439 |
|
|
|
|
|
|
|
Less |
TAX |
129.957 |
64.707 |
15.446 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
341.047 |
353.678 |
161.993 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
99.820 |
58.893 |
NA |
|
|
Freight |
98.500 |
0.913 |
NA |
|
|
TOTAL EARNINGS |
198.320 |
59.806 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
48.886 |
82.763 |
82.718 |
|
|
TOTAL IMPORTS |
48.886 |
82.763 |
82.718 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1117.67 |
122.03 |
58.9 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
96.266 |
111.538 |
190.271 |
|
Net cash flows from (used in) operations |
2.788 |
60.854 |
168.031 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
249.29 |
211.99 |
294.57 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.46 |
1.72 |
1.24 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
173.70 |
122.66 |
172.73 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.65 |
0.95 |
0.92 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
5.46 |
4.81 |
2.69 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.62 |
0.62 |
0.65 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.77 |
0.82 |
1.03 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.63 |
1.62 |
1.88 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.08 |
0.10 |
0.15 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.04 |
3.11 |
2.01 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
8.50 |
8.96 |
6.99 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.66 |
9.98 |
5.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
20.32 |
26.45 |
17.35 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.55 |
1.55 |
1.46 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.14 |
1.24 |
1.22 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.38 |
0.38 |
0.34 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
44.44 |
37.90 |
34.84 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.55 |
1.55 |
1.46 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
27.504 |
28.983 |
28.983 |
|
Reserves & Surplus |
906.224 |
1308.333 |
1649.381 |
|
Net worth |
933.728 |
1337.316 |
1678.364 |
|
|
|
|
|
|
long-term borrowings |
26.663 |
24.844 |
18.008 |
|
Short term borrowings |
931.485 |
1073.728 |
1269.915 |
|
Total borrowings |
958.148 |
1098.572 |
1287.923 |
|
Debt/Equity ratio |
1.026 |
0.821 |
0.767 |
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 |
2318.355 |
3945.606 |
4011.785 |
|
|
|
70.190 |
1.677 |
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 |
2318.355 |
3945.606 |
4011.785 |
|
Profit/(Loss) |
161.993 |
353.678 |
341.047 |
|
|
6.99% |
8.96% |
8.50% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note: Registered office
of the company has been shifted from “18, Netaji Subhash Road, Kolkata-700001,
West Bengal, India” to the present address.
STATE OF THE
COMPANY’S AFFAIRS PERFORMANCE OF THE COMPANY (AS ON 31.03.2016)
The Company achieved a Gross Turnover of INR 4096.058 Million this year against a Gross Turnover of INR 4043.942 Million achieved last year. Profit Before Tax stood at INR 471.005 Million this year against INR 418.385 Million achieved in the previous year. The performance of the Company was quite satisfactory considering that most of the electrical companies in the country are facing a setback. The company has not only been able to improve the top line, but also the bottom line. The results could have been even better, if the Lead Bank had assessed the financial requirements of the Company for the year 2015-16 in time. There was an inordinate delay in sanctioning of limits by the Lead Bank.
FUTURE PROSPECTS
The Central Government is giving thrust to electrification of villages and has made it a focus area. Order Book of the Company is quite healthy and the Company is expected to continue doing well in the coming years.
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances
from related parties |
256.040 |
156.786 |
|
Total |
256.040 |
156.786 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G76181312 |
100152804 |
UCO BANK |
25/01/2018 |
- |
- |
180000000.0 |
DEFENCE COLONY BRANCH, DELHI – 110024, INDIA |
|
2 |
G72602147 |
100144439 |
INDIAN BANK |
25/09/2017 |
- |
- |
150000000.0 |
NO. 3NAVYUG MARKET, GHAZIABAD – 201001, UTTAR PRADESH, INDIA |
|
3 |
G36515377 |
100079064 |
CANARA BANK |
31/01/2017 |
- |
- |
87100000.0 |
PARLIAMENT STREETNEW DELHI – 110024, INDIA |
|
4 |
C71387294 |
10604712 |
CANARA BANK |
31/10/2015 |
- |
- |
114300000.0 |
PARLIAMENT STREET,NEW DELHI – 110024, INDIA |
|
5 |
B26076372 |
10319695 |
STATE BANK OF INDIA |
14/10/2011 |
- |
- |
33750000.0 |
M-94,CONNAUGHT CIRCUSNEW DELHI – 110024, INDIA |
|
6 |
C39568225 |
10319870 |
STATE BANK OF INDIA |
14/10/2011 |
24/12/2014 |
- |
845600000.0 |
B-39CONNAUGHT CIRCUSNEW DELHI – 110024, INDIA |
|
7 |
B44074565 |
10314903 |
CANARA BANK |
23/09/2011 |
23/06/2012 |
- |
45000000.0 |
PARLIAMENT STREETNEW DELHI – 110024, INDIA |
|
8 |
A78842457 |
10200927 |
STATE BANK OF INDORE |
31/12/2009 |
- |
- |
500000.0 |
COMMERCIAL BRANCH,M-47, CONNAUGHT CIRCUSNEW DELHI – 110024, INDIA |
|
9 |
C47743547 |
90252560 |
CANARA BANK |
22/03/1995 |
10/03/2015 |
- |
2800000000.0 |
PARLIAMENT STREETNEW DELHI – 110024, INDIA |
|
10 |
Y10357351 |
90249714 |
UUTAR PRADESH FINANCIAL CORPORATION |
31/03/1986 |
- |
- |
75000.0 |
GHAZIABADGHAZIABAD, UTTAR PRADESH, INDIA |
FIXED ASSETS:
- Land
- Building
- Plant and Machinery
- Electrical Installations
- Tools and Testing
- Office Equipment
- Fire Fighting Equipment
- Furniture and Fixture
- Vehicle
- Computer
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 65.13 |
|
|
1 |
INR 91.95 |
|
Euro |
1 |
INR 80.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRI |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
NKTS |
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.