|
|
|
MIRA INFORM REPORT
|
Report No. : |
499816 |
|
Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
CHANDRESH CABLES LIMITED |
|
|
|
|
Formerly Known
As : |
BAAKRA CABLES LIMITED |
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Registered
Office : |
413/C, Vasant Wadi, 4th Floor, Room No.28, Kalabadevi Road, Mumbai –
400002, Maharashtra |
|
Tel. No.: |
91-22-22089723 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
21.12.1981 |
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|
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Com. Reg. No.: |
11-025897 |
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|
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Capital
Investment / Paid-up Capital : |
INR 43.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300MH1981PLC025897 |
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|
|
|
IEC No.: |
0893014516 |
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GST No.: |
27AAACC3384Q1Z6 |
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TIN No.: |
27100261405 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACC3384Q |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and Trader
of Electric Wires and Cables, etc. [Confirmed by Management and also
Registered Activity] |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1981. It is a manufacturer and trader of Electric Wires, Cables, etc. As per the Registrar of Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but documents related to the financial for the year 31.03.2017 are not available from any sources. As per the financial record of 2016, the company has achieved 4.02% growth in its revenue as compared to the previous year and has gained low profitability margin of 0.76%. The rating takes into consideration sound financial profile of the company marked by adequate networth base along with comfortable debt level. Rating also derives strength from company’s established track record of business. 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.
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 28.03.2018.
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 PARTED BY
|
Name : |
Mr. Ankit Chandreshji Lodha |
|
Designation : |
Director |
|
Contact No.: |
91-9825878700 |
|
Date : |
26.03.2018 |
Given number [9427506318] is not responding
LOCATIONS
|
Registered Office : |
413/C, Vasant Wadi, 4th Floor, Room No.28, Kalabadevi Road, Mumbai –
400002, Maharashtra, India |
|
Tel. No.: |
91-22-22089723 |
|
Mobile No.: |
91-9825878700 (Mr. Ankit Chandreshji Lodha) |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Head Office : |
G-6, Madhavpura Market, Near Police Commissioner's Office,
Shahibaug Road, Ahmedabad - 380004,
Gujarat, India |
|
Tel. No.: |
91-79-25623055/ 25623056/ 25623057 |
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Fax No.: |
91-79-25626067 |
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E-Mail : |
|
|
|
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|
Factory : |
Block No. 1108, Chhatral, Taluka Kalol, Gandhinagar,
Gujarat, India |
|
Tel. No.: |
91-2764-232251/ 233352 |
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Fax No.: |
91-2764-234151 |
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|
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Operative/ Branch Office : |
216/ 217, Shah and Nahar Industrial Estate, 2nd Floor,
Worli Naka, Mumbai-400018, Maharashtra, India
|
|
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|
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Other Branch Offices : |
Located at : · Delhi · Surat · Bangalore · Chennai |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Rajendra Khimraj Jain |
|||||||||||||||
|
Designation : |
Director |
|||||||||||||||
|
Address : |
2 Rita Park Society, Shahibaug, Ahmedabad – 380004, Gujarat, India |
|||||||||||||||
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Date of Birth/Age : |
05.08.1965 |
|||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||
|
Date of Appointment : |
06.01.1989 |
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PAN No.: |
ABBPJ6207E |
|||||||||||||||
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DIN No.: |
00243834 |
|||||||||||||||
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Other Directorship :
|
||||||||||||||||
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|
|||||||||||||||
|
Name : |
Mr. Anil Khimraj Jain |
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|
Designation : |
Director |
|||||||||||||||
|
Address : |
2 Rita Park Society, Shahibaug, Ahmedabad – 380004, Gujarat, India |
|||||||||||||||
|
Date of Birth/Age : |
22.11.1969 |
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|
Qualification : |
Graduate |
|||||||||||||||
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Date of Appointment : |
10.11.2007 |
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PAN No.: |
AAZPJ7503J |
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DIN No.: |
00243912 |
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Other Directorship :
|
||||||||||||||||
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|
|||||||||||||||
|
Name : |
Mr. Abhivandan Chandresh Lodha |
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|
Designation : |
Director |
|||||||||||||||
|
Address : |
15 Subhas Nagar Society, Shahibaug, Ahmedabad – 380004, Gujarat, India |
|||||||||||||||
|
Date of Birth/Age : |
10.07.1983 |
|||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||
|
Date of Appointment : |
30.09.2008 |
|||||||||||||||
|
PAN No.: |
ABKPL9618A |
|||||||||||||||
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DIN No.: |
01820667 |
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Other Directorship :
|
||||||||||||||||
|
|
|
|||||||||||||||
|
Name : |
Mr. Ankit Chandreshji Lodha |
|||||||||||||||
|
Designation : |
Director |
|||||||||||||||
|
Address : |
15 Subhas Nagar Society, Shahibaug, Ahmedabad – 380004, Gujarat, India |
|||||||||||||||
|
Date of Birth/Age : |
15.01.1988 |
|||||||||||||||
|
Date of Appointment : |
30.09.2013 |
|||||||||||||||
|
PAN No.: |
AAOPL0902E |
|||||||||||||||
|
DIN No.: |
06392001 |
|||||||||||||||
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Other Directorship :
|
||||||||||||||||
|
|
|
|||||||||||||||
|
Name : |
Mr. Khimraj Ganeshmal Balar |
|||||||||||||||
|
Designation : |
Director |
|||||||||||||||
|
Address : |
2, New Rita Park Society, Shahibaug, Ahmedabad-380004, Gujarat, India |
|||||||||||||||
|
Date of Birth/Age : |
15.04.1938 |
|||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||
|
Date of Appointment : |
06.01.1989 |
|||||||||||||||
|
PAN No.: |
ABHPB3479L |
|||||||||||||||
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DIN No.: |
00244018 |
|||||||||||||||
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Other Directorship :
|
||||||||||||||||
|
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|
|||||||||||||||
|
Name : |
Mr. Abhishek Jain |
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|
Designation : |
Director |
|||||||||||||||
|
Address : |
G/6 New Madhavpura Market, Shahibaug, Ahmedabad – 380004, Gujarat,
India |
|||||||||||||||
|
Date of Appointment : |
21.03.2016 |
|||||||||||||||
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PAN No.: |
ALOPJ8352M |
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DIN No.: |
06395129 |
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Other Directorship :
|
||||||||||||||||
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|
|||||||||||||||
|
Name : |
Durgasingh Meghsinghji Rathore |
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Designation : |
Director |
|||||||||||||||
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Address : |
Narayanpuri Jhotwara, Jaipur-302012, Rajasthan, India |
|||||||||||||||
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Date of Appointment : |
25.02.2017 |
|||||||||||||||
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DIN No.: |
07741780 |
|||||||||||||||
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|
|||||||||||||||
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Name : |
Mr. Prakashbhai Kalyanbhai Sanghvi |
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Designation : |
Director |
|||||||||||||||
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Address : |
3, First Floor, Kanth Apartment, 25-A Gujarat Society,
Paldi, Ahmedabad- 380007, Gujarat, India |
|||||||||||||||
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PAN No.: |
25.02.2017 |
|||||||||||||||
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DIN No.: |
07741795 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2017
|
Names of Shareholders |
|
No. of Shares |
|
Jain R. Abhishek |
|
299000 |
|
Jain K Anilkumar |
|
429400 |
|
Balar Khimraj |
|
429800 |
|
Jain K Rajendrakumar |
|
424600 |
|
Lodha Abhivandan |
|
429600 |
|
Lodha Ankit |
|
399000 |
|
Jain Bharti |
|
145200 |
|
Jain A. Ritu |
|
195600 |
|
Jain Neha |
|
162000 |
|
Anilkumar Khimraj Jain |
|
22200 |
|
Balar Khimrajj Anilkumar |
|
42200 |
|
Balar Khimaj Rajendra |
|
50200 |
|
Khimraj Ganeshmal |
|
287000 |
|
Jain Rahul |
|
160000 |
|
Rajendra Khimraj Jain |
|
22200 |
|
Unnati Anil Jain |
|
14000 |
|
Ganeshmal Roopaji |
|
22000 |
|
Lodha Sumitra |
|
286000 |
|
Lodha Premkanwar |
|
92000 |
|
Lodha Gunanmal |
|
1000 |
|
Lodha Mnr Advay |
|
105000 |
|
Chandresh Finance Limited, India |
|
202000 |
|
Chandresh Marketing Private Limited, India |
|
80000 |
|
|
|
|
|
Total |
|
4300000 |
AS ON 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters
– Individual/Hindu Undivided Family (Indian) |
93.44 |
|
Promoters
– Body Corporate |
6.56 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader
of Electric Wires and Cables, etc. [Confirmed by Management and also
Registered Activity] |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
‘’AVOCAB’’ |
||||
|
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|
||||
|
Agencies Held : |
Not Available |
||||
|
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|
||||
|
Exports : |
|
||||
|
Products : |
Not Available |
||||
|
Countries : |
Not Available |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
· China · Bangkok |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Advance Payment, L/C and Cheque |
||||
|
|
|
||||
|
Purchasing : |
Advance Payment, L/C and Cheque |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers
· Lodha Group · Bhel · NPCL · Alstom · Bajaj · Adani · Tata · Claris · Gokul |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
250 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
Dena Bank
Shahibaug Branch, Sanjay Society, Opposite Police Commissioner's Office, Ahmedabad - 380004, Gujarat, India · HDFC Bank Limited HDFC Bank Housesenapati Bapat Marg, Lower Parel W,
Mumbai-400013, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Financial Institution : |
·
Tata Capital Financial Services Limited One
Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Mehta Lodha and Company Chartered Accountants |
|
Address : |
105
Sakar I, Near Gandhigram Railway Station, Ahmedabad – 380009, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFM6805H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : [As on 31.03.2016] |
·
Chandresh Finance Limited, India
[U65910GJ1995PLC027662] ·
Chandresh Marketing Private Limited, India
[U51909GJ1995PTC025523] · AQL Technology Private Limited [U51909GJ1995PTC024055] |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
INR 10/- each |
INR 45.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4300000 |
Equity Shares |
INR 10/- each |
INR 43.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
43.000 |
43.000 |
43.000 |
|
(b) Reserves & Surplus |
320.552 |
311.892 |
305.890 |
|
(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) |
363.552 |
354.892 |
348.890 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
11.602 |
12.646 |
3.110 |
|
(b) Deferred tax liabilities (Net) |
11.571 |
11.407 |
10.946 |
|
(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) |
23.173 |
24.053 |
14.056 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
389.910 |
341.238 |
353.202 |
|
(b)
Trade payables |
81.049 |
78.812 |
69.716 |
|
(c)
Other current liabilities |
9.578 |
9.504 |
5.380 |
|
(d)
Short-term provisions |
10.681 |
7.400 |
8.911 |
|
Total
Current Liabilities (4) |
491.218 |
436.954 |
437.209 |
|
|
|
|
|
|
TOTAL |
877.943 |
815.899 |
800.155 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
343.997 |
339.519 |
320.183 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
3.830 |
3.703 |
3.620 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
347.827 |
343.222 |
323.803 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
132.582 |
116.587 |
121.846 |
|
(c)
Trade receivables |
380.002 |
317.996 |
319.251 |
|
(d)
Cash and cash equivalents |
11.625 |
26.792 |
23.842 |
|
(e)
Short-term loans and advances |
4.526 |
9.678 |
10.222 |
|
(f)
Other current assets |
1.381 |
1.624 |
1.191 |
|
Total
Current Assets |
530.116 |
472.677 |
476.352 |
|
|
|
|
|
|
TOTAL |
877.943 |
815.899 |
800.155 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1245.670 |
1197.507 |
1140.418 |
|
|
|
Other Income |
1.591 |
2.960 |
1.153 |
|
|
|
TOTAL (A) |
1247.261 |
1200.467 |
1141.571 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1039.850 |
979.145 |
979.895 |
|
|
|
Purchases of Stock-in-Trade |
5.440 |
2.487 |
5.369 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(27.153) |
23.297 |
(34.850) |
|
|
|
Employees benefits expense |
22.809 |
18.303 |
20.746 |
|
|
|
Other expenses |
135.476 |
112.304 |
112.682 |
|
|
|
TOTAL (B) |
1176.422 |
1135.536 |
1083.842 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
70.839 |
64.931 |
57.729 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
47.373 |
44.739 |
41.340 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
23.466 |
20.192 |
16.389 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.223 |
10.930 |
6.591 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX (E-F) (G) |
12.243 |
9.262 |
9.798 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.780 |
2.510 |
2.371 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER TAX (G-H) (I) |
9.463 |
6.752 |
7.427 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings (FOB basis) |
12.100 |
46.800 |
0.000 |
|
|
TOTAL EARNINGS |
12.100 |
46.800 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss) Per Share (INR) |
2.20 |
1.57 |
1.73 |
|
|
PARTICULARS |
|
|
31.03.2017 |
|
Sales Turnover (Approximately) |
|
|
1600.000 |
|
|
|
|
|
Expected Sales (2017-2018): INR 1750.000 Million
The above information has been parted by Mr. Ankit Chandreshji Lodha
(Director)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
5.835 |
5.453 |
2.694 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from (used in) Operations |
4.802 |
84.472 |
2.992 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
111.35 |
96.93 |
102.18 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.28 |
3.77 |
3.57 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
28.30 |
29.30 |
25.83 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.53 |
0.56 |
0.47 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.21 |
0.19 |
0.18 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.58 |
0.56 |
0.55 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.12 |
1.01 |
1.03 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.35 |
1.23 |
1.25 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.95 |
0.96 |
0.92 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.50 |
1.45 |
1.40 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.76 |
0.56 |
0.65 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.08 |
0.83 |
0.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
2.60 |
1.90 |
2.13 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.08 |
1.08 |
1.09 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.81 |
0.81 |
0.81 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.41 |
0.43 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.47 |
8.36 |
8.35 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.08 |
1.08 |
1.09 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL DATA
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
43.000 |
43.000 |
43.000 |
|
Reserves & Surplus |
305.890 |
311.892 |
320.552 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
348.890 |
354.892 |
363.552 |
|
|
|
|
|
|
Long-term borrowings |
3.110 |
12.646 |
11.602 |
|
Short term borrowings |
353.202 |
341.238 |
389.910 |
|
Current Maturities of
Long-Term Debts |
2.694 |
5.453 |
5.835 |
|
Total
borrowings |
359.006 |
359.337 |
407.347 |
|
Debt/Equity
ratio |
1.029 |
1.013 |
1.120 |
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 |
1140.418 |
1197.507 |
1245.670 |
|
|
|
5.006 |
4.022 |
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 |
1140.418 |
1197.507 |
1245.670 |
|
Profit |
7.427 |
6.752 |
9.463 |
|
|
0.65% |
0.56% |
0.76% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G49780042 |
100109990 |
KOTAK MAHINDRA BANK LIMITED |
22/06/2017 |
31/07/2017 |
- |
500000000.0 |
27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMa400051IN |
|
2 |
G37168606 |
100080345 |
HDFC BANK LIMITED |
25/02/2017 |
- |
- |
99500000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
G39923404 |
100087336 |
HDFC BANK LIMITED |
23/02/2017 |
- |
- |
99500000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
G40283871 |
100088213 |
HDFC BANK LIMITED |
03/02/2017 |
- |
- |
99500000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
5 |
G33467291 |
100072328 |
HDFC BANK LIMITED |
31/12/2016 |
- |
- |
99500000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
6 |
C34363127 |
10532433 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
26/08/2014 |
- |
- |
20000000.0 |
One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
7 |
Y10342925 |
90235288 |
GUJARAT STATE FINANCIAL CORPORATION |
12/12/1984 |
28/02/1985 |
- |
2000000.0 |
JALDARSHAN BUILDING; ASHRAM ROADNAVARANGAPURAAHMEDABADGJ380009IN |
|
8 |
Y10340912 |
90233275 |
GUJARAT INDUSTRIAL INVESTMENT CORPORATION LIMITED |
04/12/1984 |
28/02/1985 |
- |
2000000.0 |
CHUNIBHAI CHAMBERSASHRAM ROADAHMEDABADGJ380009IN |
|
9 |
G73167082 |
10452548 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
16/08/2013 |
- |
12/12/2017 |
6000000.0 |
One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
10 |
G48770176 |
90237233 |
DENA BANK |
10/11/1997 |
11/01/2014 |
29/06/2017 |
345000000.0 |
Shahibaug Branch, Sanjay Society,Opp.Police Commissioner's OfficeAhmedabadGJ380004IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Other loans and advances |
94.237 |
46.648 |
|
|
|
|
|
Total |
94.237 |
46.648 |
GENERAL INFORMATION
Chandresh Cables Limited
(the company) is a public company domiciled in India and incorporated under the
provisions of the Companies, Act 1956. The company is engaged in the business of
manufacturing and trading of Electric Wires and Cables, Trading of Chemicals,
Trading of Shares and Securities, trading of Mobile handsets.
FUTURE OUTLOOK
In
the coming years, the company will make better performance compared to this
year.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.80 |
|
|
1 |
INR 92.26 |
|
Euro |
1 |
INR 80.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
IND |
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.