|
|
|
MIRA INFORM REPORT
|
Report No. : |
500653 |
|
Report Date : |
27.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
LUMINO INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
Unit No - 12/4, Merlin Acropolis 1858/1 Rajdanga Main Road,
Kolkata – 700107, West Bengal |
|
Mob. No.: |
91-9051033341 [Mr. Chandan] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
30.03.2005 |
|
|
|
|
Com. Reg. No.: |
21-102556 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 304.425 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U14293WB2005PLC102556 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the businesses of manufacturing of conductors and executing EPC projects. [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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 4060000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2005 and is engaged in the
business of manufacturing of conductors and executing EPC projects. As per the financial record of 2017, the company has achieved a fair net
profit margin of 6.23% but has reported a decline of 5.49% in its revenue as
compared to the previous year’s revenue. Rating takes into consideration sound financial profile on back of low
financial leverage with strong capital structure and comfortable liquidity
parameters. Rating also derives strength from company’s established track record
of business operations and promoters extensive industry experience. However, rating strength partially offset by vulnerability of its
operating margins to volatility in raw material prices and working capital
intensive operation. Business is active. Payments are reported to be regular and as per
commitment. In view of aforesaid, the company can be considered good for normal
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
|
Rating Agency Name |
ICRA RATING |
|
Rating |
Fund Based Facilities = A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk |
|
Date |
09.11.2017 |
|
Rating Agency Name |
ICRA RATING |
|
Rating |
Non Fund Based Facilities = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
09.11.2017 |
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 23.03.2018.
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. Chandan |
|
Designation : |
Senior Manager |
|
Contact No.: |
91-9051033341 |
|
Date : |
23.02.2018 |
LOCATIONS
|
Registered Office : |
Unit No - 12/4, Merlin Acropolis 1858/1 Rajdanga Main
Road, Kolkata – 700107, West Bengal, India |
|
Tel. No.: |
91-33-24412008 / 09 |
|
Mobile No.: |
91-9051033341 [Mr. Chandan] |
|
Fax No.: |
91-33-24412010 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
“Usha Kiran”, 12A, Camac Street, Room No.5, 5th Floor,
Kolkata – 700017, West Bengal, India |
|
Tel. No.: |
91-33-22829201 (5 lines) |
|
Fax No.: |
91-33-22829206 |
|
E-Mail : |
|
|
|
|
|
Factory : |
At/PO: Biprannapara, Jalan Complex, P.S.: Domjur, Howrah – 711411, West
Bengal, India |
|
Tel. No.: |
91-33-26692420/ 65290333 |
|
Fax No.: |
91-33-26692471 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Deepak Goel |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
4, Alipore Park Place, Kolkata – 700 027, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.02.1969 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Com |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.08.2011 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Pan No. : |
ADGPG4399H |
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|
DIN No.: |
00673430 |
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Other Directorship:
|
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Devendra Goel |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1b, Mayfair Road, Kolkata – 700 019, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.10.1972 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.Com |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
04.04.2005 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Pan No. : |
ADGPG4397K |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00673447 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ajay Kumar Goel |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Saltee Spacio, 1, Mall Road, Block-F, Flat-F1, 3rd Floor,
Kolkata – 700080, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
05.09.2017 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
01983473 |
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Other Directorship:
|
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vikash Jalan |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
10, Radha Govind Nagar, Hind Motor – 712233, West Bengal,
India |
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Date of Birth/Age : |
20.12.1980 |
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|
Date of Appointment : |
23.03.2015 |
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DIN No.: |
02629553 |
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Other Directorship:
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|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ashalata Nayak |
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|
Designation : |
Wholetime Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
21/1 Parui Paka Road, Sarsuna Sarsoona, South Twenty Four
Parganas Sarsuna – 700061, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.10.1985 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.02.2016 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07446561 |
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|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Chandan |
|
Designation : |
Senior Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
|
Deepak Goel |
|
1349500 |
|
Shanti Devi Goel |
|
1032000 |
|
Purushottam Dass Goel |
|
389500 |
|
Rashmi Goel |
|
90000 |
|
Devendra Goel |
|
1331500 |
|
Rakhi Goel |
|
72000 |
|
Sangeeta Tekriwal |
|
600 |
|
Jalsagar Sales Agency Private Limited, India |
|
8830100 |
|
Drp Trading & Investments Private Limited, India |
|
2523000 |
|
Laser Electrical Industries Private Limited, India |
|
3740000 |
|
Laser Power & Infra Private Limited, India |
|
4290000 |
|
Sigma Vyapaar Private Limited, India |
|
1518300 |
|
Adishwar Trade Link Private Limited, India |
|
2607000 |
|
Welkon Goods Private Limited, India |
|
2500000 |
|
Embassy Vyapaar Private Limited, India |
|
10000 |
|
Regal Financial Advisory Private Limited, India |
|
99000 |
|
Sanatan Vinimay Private Limited, India |
|
60000 |
|
|
|
|
|
Total |
|
30442500 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
14.01 |
|
Public/Other than promoters - Body corporate |
85.99 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the businesses of manufacturing of conductors and executing EPC projects. [Registered Activity] |
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|
|
|
||||||
|
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 : |
|
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|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
SDP and Associates Chartered Accountants |
|
Address : |
46C, Chowringhee Road, Everest House, Flat No.14G, Kolkata – 700071,
West Bengal, India |
|
PAN No.: |
AARFS4093A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
Jagannath Concrete Pole |
|
|
|
|
Others Related
Parties : |
U51909WB1995PTC070180 |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
INR 10/- each |
INR 400.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30442500 |
Equity Shares |
INR 10/- each |
INR 304.425 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
304.425 |
304.425 |
304.425 |
|
(b) Reserves and Surplus |
1117.490 |
888.059 |
777.260 |
|
(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) |
1421.915 |
1192.484 |
1081.685 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.546 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
77.280 |
68.000 |
0.000 |
|
(d) long-term
provisions |
2.907 |
1.639 |
1.367 |
|
Total Non-current
Liabilities (3) |
81.733 |
69.639 |
1.367 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
418.556 |
55.297 |
405.602 |
|
(b) Trade
payables |
650.496 |
843.410 |
898.418 |
|
(c) Other
current liabilities |
64.064 |
75.851 |
71.478 |
|
(d) Short-term
provisions |
10.561 |
26.730 |
21.113 |
|
Total Current
Liabilities (4) |
1143.677 |
1001.288 |
1396.611 |
|
|
|
|
|
|
TOTAL |
2647.325 |
2263.411 |
2479.663 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
72.485 |
30.816 |
26.280 |
|
(ii)
Intangible Assets |
3.532 |
1.078 |
1.525 |
|
(iii) Tangible assets
capital work-in-progress |
5.589 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
67.634 |
48.094 |
46.844 |
|
(c) Deferred tax assets (net) |
1.363 |
2.094 |
1.467 |
|
(d)
Long-term loans and advances |
3.162 |
3.872 |
3.275 |
|
(e) Other
Non-current assets |
79.868 |
48.116 |
87.739 |
|
Total Non-Current
Assets |
233.633 |
134.070 |
167.130 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
4.001 |
13.851 |
59.002 |
|
(b)
Inventories |
215.695 |
230.562 |
385.210 |
|
(c) Trade
receivables |
1043.336 |
1174.046 |
1414.321 |
|
(d) Cash and
bank balances |
965.234 |
519.524 |
316.865 |
|
(e)
Short-term loans and advances |
184.618 |
184.063 |
91.256 |
|
(f) Other
current assets |
0.808 |
7.295 |
45.879 |
|
Total
Current Assets |
2413.692 |
2129.341 |
2312.533 |
|
|
|
|
|
|
TOTAL |
2647.325 |
2263.411 |
2479.663 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3684.766 |
3898.988 |
3117.607 |
|
|
Other Income |
26.286 |
37.398 |
29.041 |
|
|
TOTAL |
3711.052 |
3936.386 |
3146.648 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1704.055 |
1647.212 |
2251.829 |
|
|
Purchases of
Stock-in-Trade |
901.082 |
1098.581 |
249.803 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
31.262 |
114.176 |
(37.859) |
|
|
Employee benefit expense |
119.786 |
97.008 |
46.919 |
|
|
CSR expenditure |
2.525 |
1.650 |
1.875 |
|
|
Other expenses |
563.455 |
514.512 |
412.994 |
|
|
Prior period items before tax |
0.000 |
0.000 |
0.000 |
|
|
Exceptional items before tax |
0.000 |
0.000 |
0.000 |
|
|
Extraordinary items before tax |
0.000 |
122.786 |
0.000 |
|
|
TOTAL |
3322.165 |
3595.925 |
2925.561 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
388.887 |
340.461 |
221.087 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
83.376 |
157.155 |
131.180 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
305.511 |
183.306 |
89.907 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
12.126 |
9.622 |
8.550 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
293.385 |
173.684 |
81.357 |
|
|
|
|
|
|
|
Less |
TAX |
63.954 |
62.885 |
29.359 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
229.431 |
110.799 |
51.998 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
NA |
208.117 |
|
|
Other
Earning |
NA |
NA |
0.000 |
|
|
TOTAL EARNINGS |
NA |
NA |
208.117 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.000 |
0.000 |
0.000 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.419 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
250.516 |
733.873 |
220.106 |
|
Net cash flows from (used in) operating activities |
166.574 |
558.783 |
192.904 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
103.35 |
109.91 |
165.58 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
3.53 |
3.32 |
2.20 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
91.14 |
112.12 |
131.08 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income / Inventories] |
|
1.80 |
1.48 |
0.57 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
4.77 |
10.67 |
7.95 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.43 |
0.44 |
0.56 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.30 |
0.05 |
0.37 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
0.80 |
0.84 |
1.29 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.06 |
0.03 |
0.03 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
4.66 |
2.17 |
1.69 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
6.23 |
2.84 |
1.67 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
8.67 |
4.90 |
2.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
16.14 |
9.29 |
4.81 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
2.11 |
2.13 |
1.66 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.92 |
1.90 |
1.38 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.54 |
0.53 |
0.44 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
1.38 |
0.18 |
1.33 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
2.11 |
2.13 |
1.66 |
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 |
304.425 |
304.425 |
304.425 |
|
Reserves & Surplus |
777.260 |
888.059 |
1117.490 |
|
Net
worth |
1081.685 |
1192.484 |
1421.915 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
1.546 |
|
Short term borrowings |
405.602 |
55.297 |
418.556 |
|
Total
borrowings |
405.602 |
55.297 |
421.521 |
|
Debt/Equity
ratio |
0.375 |
0.046 |
0.296 |
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 |
3117.607 |
3898.988 |
3684.766 |
|
|
0.000 |
25.063 |
(5.494) |
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 |
3117.607 |
3898.988 |
3684.766 |
|
Profit/ (Loss) |
51.998 |
110.799 |
229.431 |
|
|
1.67
% |
2.84
% |
6.23
% |
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF AFFAIRS
Subject is engaged in the businesses of manufacturing of conductors and executing EPC projects. There has been no change in the businesses of the Company during the financial year ended 31st March 2017.
During the year, the Revenue from operations of the Company was INR 3926.088 Million as against INR 4074.313 Million registered in the previous year. The Profit after Taxation for the year increased by 107.07% from INR 110.799 Million to INR 229.431 Million. The Earning per Share has increased by approx. 107% from INR 3.64 to INR 7.54.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
SHORT TERM
BORROWING |
|
|
|
Other loans and advances |
250.000 |
4.395 |
|
|
|
|
|
Total |
250.000 |
4.395 |
INDEX OF CHARGE:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G53861704 |
100123572 |
HDFC BANK LIMITED |
06/04/2017 |
- |
- |
8500000.0 |
RETAIL LOAN SERVICE CENTRE FIRST FLOORGILLANDER HOUSE 8, N .S ROAD,KOLKATAWB700001IN |
|
2 |
C03604881 |
10490016 |
BANK OF BARODA |
16/05/2014 |
- |
- |
40000000.0 |
ALIPORE BRANCH38/1 E, GOPAL NAGAR ROADKOLKATAWB700027IN |
|
3 |
C48341127 |
10365210 |
CANARA BANK |
27/06/2012 |
30/01/2015 |
- |
2020000000.0 |
Prime Corporate Branch, Bells House (Ground Floor)21, Camac Street,KolkataWB700016IN |
|
4 |
C66179185 |
10161558 |
ANDHRA BANK |
24/04/2009 |
08/09/2015 |
- |
606000000.0 |
KOLKATA MAIN BRANCH14/1B, EZRA STREETKOLKATAWB700001IN |
|
5 |
A24179210 |
10070873 |
Bank of Baroda |
20/08/2007 |
- |
- |
212600000.0 |
Alipore Branch38/1E, Gopal Nagar RoadKolkataWB700027IN |
|
6 |
A15001621 |
10084115 |
BANK OF BARODA |
31/03/2007 |
- |
- |
40000000.0 |
ALIPORE BRANCH38/1E,GOPAL NAGAR ROADKOLKATAWB700027IN |
|
7 |
A69509214 |
10018705 |
BANK OF BARODA |
24/08/2006 |
23/07/2009 |
- |
1259600000.0 |
ALIPORE BRANCH38/1 E, GOPAL NAGAR ROADKOLKATAWB700027IN |
|
8 |
C80183411 |
90255438 |
Canara Bank |
05/05/2005 |
29/01/2016 |
- |
4040000000.0 |
PRIME CORPORATE BRANCH,Bells House, 21 Camac Street, Ground FloorKolkataWB700016IN |
FIXED ASSETS:
·
Building
·
Plant and Equipment
·
Furniture and Fixture
·
Vehicles
·
Motor Vehicles
·
Office Equipment
·
Computer 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 64.91 |
|
|
1 |
INR 91.87 |
|
Euro |
1 |
INR 80.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.