|
|
|
MIRA INFORM REPORT
|
Report No. : |
500650 |
|
Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHASHI CABLES LIMITED (w.e.f. 20.03.1996) |
|
|
|
|
Formerly Known
As : |
ANAND CABLES AND CONDUCTORS LIMITED |
|
|
|
|
Registered
Office : |
7, Chittaranjan Avenue, Kolkata – 700007, West Bengal |
|
Tel. No.: |
91-522-2436037 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
25.06.1981 |
|
|
|
|
Com. Reg. No.: |
21-033814 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 15.400 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28999WB1981PLC033814 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS0433Q |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Electric Conductor. (Registered Activity
and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
100 (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 |
|
Maximum Credit Limit : |
USD 520000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1981 and it is engaged as
manufacturer and exporter of electric conductor. For the financial year 2017, the company has achieved decent growth in
its revenue compared to its previous year but reported low profit margin
during the year. Rating takes into consideration the satisfactory financial risk
profile marked by comfortable networth base along with ideal debt balance
sheet profile. Rating further takes into account the long and established track
record of business operation backed by its extensive experience of its
management team. However, rating strength are partially offset by susceptibility of the
subject margin to volatility in raw material prices and presence of the
company in a highly competitive cable industry. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business dealings
with 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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. Vinod Tripathy |
|
Designation : |
Accountant and Finance Head |
|
Contact No.: |
91-7703002271 |
|
Date : |
27.03.2018 |
LOCATIONS
|
Registered Office : |
7 Chittaranjan Avenue, Kolkata – 700007, West Bengal, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-7703002270 (Mr. Puneet) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
A-3, Amausi Industrial Area, Kanpur Road, Lucknow – 226009, Uttar
Pradesh, India |
|
Tel. No.: |
91-522-2436037/ 2431448 |
|
Fax No.: |
91-522-2436771 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Vijendra Kumar Agarwalla |
||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||
|
Address : |
21, Vidhan Sabha Marg, Lucknow - 226001, Uttar Pradesh,
India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
27.02.1945 |
||||||||||||||||||||||||||||
|
Qualification: |
Graduate |
||||||||||||||||||||||||||||
|
Date of Appointment : |
25.06.1981 |
||||||||||||||||||||||||||||
|
PAN No.: |
ACXPA0796Q |
||||||||||||||||||||||||||||
|
DIN No.: |
01445302 |
||||||||||||||||||||||||||||
|
Other Directorship
:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Shashi Agarwalla |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
21, Vidhan Sabha Marg, Lucknow - 226001, Uttar Pradesh,
India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.04.1950 |
||||||||||||||||||||||||||||
|
Qualification: |
Graduate |
||||||||||||||||||||||||||||
|
Date of Appointment : |
17.07.1995 |
||||||||||||||||||||||||||||
|
PAN No.: |
ADFPA5370D |
||||||||||||||||||||||||||||
|
DIN No.: |
01445299 |
||||||||||||||||||||||||||||
|
Other Directorship
:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Prakash Saran Saxena |
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|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
H. No. F- 510, Rajajipuram, Lucknow - 226017, Uttar
Pradesh, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.12.1952 |
||||||||||||||||||||||||||||
|
Qualification: |
Graduate |
||||||||||||||||||||||||||||
|
Date of Appointment : |
16.08.2003 |
||||||||||||||||||||||||||||
|
PAN No.: |
CBOPS3933F |
||||||||||||||||||||||||||||
|
DIN No.: |
01601223 |
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|
Other Directorship
:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Bachh Raj Rakhecha |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
D-16B, 2nd Floor, Hauz Khas, New Delhi -
110016, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.08.1941 |
||||||||||||||||||||||||||||
|
Qualification: |
Graduate |
||||||||||||||||||||||||||||
|
Date of Appointment : |
15.09.2004 |
||||||||||||||||||||||||||||
|
PAN No.: |
AAEPR7923D |
||||||||||||||||||||||||||||
|
DIN No.: |
00026729 |
||||||||||||||||||||||||||||
|
Other Directorship
:
|
|||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Vinod Tripathy |
|
Designation : |
Accountant and Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Vijendra Kumar Agarwalla |
|
389300 |
|
Meenavati Agarwalla |
|
21000 |
|
Shalini Agarwal |
|
20000 |
|
Shashi Agarwalla |
|
293500 |
|
V K Agarwal Karta Vijendra Kumar Agarwalla and Sons, HUF |
|
194200 |
|
Piyush Rakhecha |
|
32000 |
|
B R Rakhecha |
|
8000 |
|
UP Plastic and Packaging Private Limited |
|
296000 |
|
Anand Motor Agencies (UP) Private Limited |
|
280000 |
|
B N Singh |
|
2000 |
|
B Pramanik |
|
2000 |
|
S D Shukla |
|
2000 |
|
Total |
|
1540000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
59.61 |
|
Promoters (Body corporate) |
37.40 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
2.99 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Electric Conductor. (Registered Activity and
also Confirmed by management) |
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||||
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Products/ Services : |
|
||||
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||||
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
|
||||
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Products : |
Finished Goods |
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Countries : |
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Imports : |
|
||||
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Products : |
Raw Materials |
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Countries : |
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||||
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|
||||
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Terms : |
|
||||
|
Selling : |
Advance Payment, L/C, Cheque and Credit (30/ 60 Days) |
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|
|
|
||||
|
Purchasing : |
Advance Payment, L/C, Cheque and Credit (30/ 60 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Retailers and End Users
|
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|
||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
· Small Industries and Development Bank of India |
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|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Chaturvedi and Company Chartered Accountants |
|
Address : |
Room # 105, 1st Floor, Prince Complex, 31/62 Hazratganj, Lucknow, Uttar Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFE9576F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other related party
: |
Vijendra Kumar Agarwalla and Sons (H.U.F) |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1540000 |
Equity Shares |
INR 10/- each |
INR 15.400
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
15.400 |
15.400 |
15.400 |
|
(b) Reserves and Surplus |
167.157 |
133.096 |
98.354 |
|
(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) |
182.557 |
148.496 |
113.754 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
46.426 |
49.197 |
14.005 |
|
(b) Deferred tax liabilities (Net) |
0.001 |
0.058 |
0.484 |
|
(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) |
46.427 |
49.255 |
14.489 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
147.618 |
202.545 |
151.633 |
|
(b) Trade
payables |
58.428 |
35.758 |
39.451 |
|
(c) Other
current liabilities |
5.187 |
11.045 |
11.297 |
|
(d) Short-term
provisions |
4.490 |
2.789 |
1.220 |
|
Total Current
Liabilities (4) |
215.723 |
252.137 |
203.601 |
|
|
|
|
|
|
TOTAL |
444.707 |
449.888 |
331.844 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
26.859 |
27.580 |
31.130 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets capital
work-in-progress |
0.311 |
0.064 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.112 |
0.112 |
0.112 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.740 |
0.740 |
0.740 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
28.022 |
28.496 |
31.982 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
80.001 |
95.525 |
52.712 |
|
(c) Trade
receivables |
258.775 |
250.329 |
205.127 |
|
(d) Cash and
bank balances |
28.885 |
27.695 |
21.847 |
|
(e)
Short-term loans and advances |
49.024 |
47.843 |
20.176 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
416.685 |
421.392 |
299.862 |
|
|
|
|
|
|
TOTAL |
444.707 |
449.888 |
331.844 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1203.008 |
1102.734 |
1035.129 |
|
|
Other Income |
6.312 |
2.987 |
2.881 |
|
|
TOTAL |
1209.320 |
1105.721 |
1038.010 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1052.790 |
964.570 |
884.118 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
30.088 |
(9.501) |
38.687 |
|
|
Employee benefit expense |
14.404 |
14.821 |
11.184 |
|
|
Other expenses |
28.585 |
47.318 |
33.747 |
|
|
TOTAL |
1125.867 |
1017.208 |
967.736 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
83.453 |
88.513 |
70.274 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
28.677 |
32.317 |
31.071 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
54.776 |
56.196 |
39.203 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.888 |
4.119 |
4.869 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
50.888 |
52.077 |
34.334 |
|
|
|
|
|
|
|
Less |
TAX |
16.827 |
17.335 |
10.707 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
34.061 |
34.742 |
23.627 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
22.12 |
22.56 |
15.34 |
Expected Sales (2017-2018) : INR 1300.000 Million
The above information has been parted by Mr. Vinod Tripathy (Accountant
and Finance Head)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
2.575 |
2.389 |
2.042 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
48.390 |
15.759 |
37.933 |
|
Net cash flow from operating activity |
29.723 |
(4.056) |
23.754 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
78.51 |
82.86 |
72.33 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
4.65 |
4.41 |
5.05 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
20.26 |
13.53 |
16.29 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.04 |
0.93 |
1.33 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
3.07 |
3.20 |
2.26 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.60 |
0.68 |
0.66 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.08 |
1.71 |
1.47 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.18 |
1.70 |
1.79 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.15 |
0.19 |
0.27 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.91 |
2.74 |
2.26 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
2.83 |
3.15 |
2.28 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.66 |
7.72 |
7.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
18.66 |
23.40 |
20.77 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.93 |
1.67 |
1.47 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.56 |
1.29 |
1.21 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.41 |
0.33 |
0.34 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
12.77 |
16.50 |
10.89 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.93 |
1.67 |
1.47 |
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 |
15.400 |
15.400 |
15.400 |
|
Reserves & Surplus |
98.354 |
133.096 |
167.157 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
113.754 |
148.496 |
182.557 |
|
|
|
|
|
|
Long-term borrowings |
14.002 |
49.197 |
46.426 |
|
Short term borrowings |
151.633 |
202.545 |
147.618 |
|
Current maturities of
long-term debts |
2.042 |
2.389 |
2.575 |
|
Total
borrowings |
167.677 |
254.131 |
196.619 |
|
Debt/Equity
ratio |
1.474 |
1.711 |
1.077 |
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 |
1035.129 |
1102.734 |
1203.008 |
|
|
|
6.531 |
9.093 |
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 |
1035.129 |
1102.734 |
1203.008 |
|
Profit/ (Loss) |
23.627 |
34.742 |
34.061 |
|
|
2.28% |
3.15% |
2.83% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
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 |
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
0.957 |
0.214 |
|
Deposits from others |
0.000 |
2.800 |
|
Loans and advances from others |
3.876 |
3.526 |
|
Total |
4.833 |
6.540 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G43644996 |
10625829 |
PUNJAB NATIONAL BANK |
15/01/2016 |
22/07/2016 |
- |
410000000.0 |
Aliganj Lucknow UTTAR PRADESH 226024 INDIA |
|
2 |
C47931019 |
10557437 |
Small Industries and Development Bank of India |
17/03/2015 |
- |
- |
40000000.0 |
SIDBI TOWERS15, ASHOK MARG LUCKNOW UTTAR PRADESH 226001 INDIA |
|
3 |
B67914952 |
10402523 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
31/01/2013 |
- |
- |
10000000.0 |
SIDBI TOWERS15, ASHOK MARG LUCKNOW UTTAR PRADESH 226001 INDIA |
|
4 |
Y10361303 |
90253666 |
INDIAN OVERSEAS BANK |
05/02/1996 |
18/01/1996 |
- |
17900000.0 |
3; VIDHAN SABHA MARG LUCKNOW UTTAR PRADESH INDIA |
|
5 |
Y10360804 |
90253167 |
INDIAN OVERSEAS BANK |
13/10/1982 |
02/02/1991 |
- |
4890408.0 |
VIDHAN SABHA MARG LUCKNOW UTTAR PRADESH INDIA |
|
6 |
G61763405 |
90255008 |
STATE BANK OF INDIA |
22/05/1999 |
- |
09/11/2017 |
4200000.0 |
VIDHAN SABHA MARG LUCKNOW UTTAR PRADESH INDIA |
|
7 |
G59881094 |
10284743 |
THE NAINITAL BANK LIMITED |
21/03/2011 |
- |
30/10/2017 |
25000000.0 |
SECTOR H, LDA COLONY ASHIANA LUCKNOW UTTAR PRADESH 226012 INDIA |
|
8 |
G59876649 |
10065088 |
THE NAINITAL BANK LIMITED |
07/08/2007 |
18/02/2011 |
30/10/2017 |
201340000.0 |
SECTOR H, LDA COLONY ASHIANA LUCKNOW UTTAR PRADESH 226012 INDIA |
|
9 |
G59878777 |
10169634 |
THE NAINITAL BANK LIMITED |
23/07/2009 |
- |
30/10/2017 |
167500000.0 |
SECTOR H, LDA COLONY ASHIANA LUCKNOW UTTAR PRADESH 226012 INDIA |
FIXED 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 64.90 |
|
|
1 |
INR 91.86 |
|
Euro |
1 |
INR 80.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
NRG |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
YES |
|
--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.