|
|
|
MIRA INFORM REPORT
|
Report No. : |
500156 |
|
Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
EXICOM TELE-SYSTEMS LIMITED (w.e.f.11.08.2008) |
|
|
|
|
Formerly Known
As : |
HIMACHAL EXICOM COMMUNICATIONS LIMITED |
|
|
|
|
Registered
Office : |
8, Electronics Complex, Chambaghat, District Solan - 173213, Himachal Pradesh |
|
Tel. No.: |
91-124-3946100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
09.05.1994 |
|
|
|
|
Com. Reg. No.: |
06-014541 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 214.802 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64203HP1994PLC014541 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
TIN No.: |
02020100264 |
|
|
|
|
GST No.: |
02AAACH2448G2Z2 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH2448G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Telecom Products and Providing Solar Projects.
[Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject
was incorporated in the year 1994 and it is engaged in manufacturing of
telecom products and providing solar projects. As per
the financials of March 2017, the company has registered growth of 27.33% in
its revenue as compared to its previous year’s revenue and has reported
decent profit margin of 7.10% under review. Rating
takes into consideration the company’s established track record of business
operations marked by sound net worth along with strong debt coverage
indicators and decent liquidity position. Rating
derives strength from its experienced promoters, diversified product
portfolio and strong research and development base. Further,
the company has reported a good Earnings Per Share of INR 20.89 against its
face value of INR 10. However,
rating strength is partially offset by working capital-intensive nature of
operations and highly competitive telecom industry. Payment
terms seems to be regular. In view of aforesaid, the company can be considered good 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
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
09.10.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
09.10.2017 |
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 29.03.2018
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 DECLINED
MANAGEMENT NON-COOPERATIVE [RECEPTIONIST] [91-124-3946100/ 11-30882624]
LOCATIONS
|
Registered Office : |
8, Electronics Complex, Chambaghat, District Solan - 173213, Himachal Pradesh, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Sales Office/ Factory 1 : |
Plot-2A, Sector-18, Near IFFCO Chowk, Gurgaon-122015, Haryana, India |
|
Tel. No.: |
91-124-3946100 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
8, Commercial Complex, Masjid Moth, Greater Kailash II, New Delhi-110048, India |
|
Tel. No.: |
91-11-30882624 |
|
|
|
|
Factory 2 : |
Plot No. 77A, IIFFCO Road, Sector-18, Gurugram – 122015, Haryana, India |
|
|
|
|
Factory 3 : |
D-180, Okhla Industrial Area, Phase I, New Delhi – 110020, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Himanshu Baid |
||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||
|
Address : |
M-229, Greater Kailash, Part- II, New Delhi-110048, India |
||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.06.1968 |
||||||||||||||||||||||||||||||
|
Qualification: |
BE (Electronics) |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
11.11.2008 |
||||||||||||||||||||||||||||||
|
DIN No.: |
00014008 |
||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Name : |
Mr. Brij Behari Tandon |
||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||
|
Address : |
J- 238, First Floor, Saket, New Delhi-110017, India |
||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.06.1941 |
||||||||||||||||||||||||||||||
|
Qualification: |
IAS (Rtr) |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.12.2008 |
||||||||||||||||||||||||||||||
|
DIN No.: |
00740511 |
||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Name : |
Mr. Anant Nahata |
||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||
|
Address : |
W, 48, Greater Kailash, Part II, New Delhi-110048, India |
||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.11.1983 |
||||||||||||||||||||||||||||||
|
Qualification: |
Graduate in Economics |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
04.06.2008 |
||||||||||||||||||||||||||||||
|
PAN No.: |
ABGPN0784M |
||||||||||||||||||||||||||||||
|
DIN No.: |
02216037 |
||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Name : |
Mr. Subhash Chander Rustgi |
||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||
|
Address : |
B 279 Sushant Lok 3, Sector 57, Gurugram – 122011,
Haryana, India |
||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.09.1953 |
||||||||||||||||||||||||||||||
|
Qualification: |
PG and LLB |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.09.2015 |
||||||||||||||||||||||||||||||
|
DIN No.: |
06922968 |
||||||||||||||||||||||||||||||
|
PAN No.: |
AACPR8447G |
||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sameer Goel |
|
Designation : |
Chief Finance Officer |
|
Address : |
D-14/2, First Floor, Presidency Floors, Ardee City, Sector
– 52, Gurugram – 122002, Haryana, India |
|
Date of Appointment : |
21.07.2016 |
|
PAN No.: |
ADAPG4369H |
|
|
|
|
Name : |
Mr. Amit Kumar Pandey |
|
Designation : |
Manager |
|
Address : |
17/15, Gulmohar Road Windsor Shipra Sun City, Shipra Sun
City, Ghaziabad- 201014, Uttar Pradesh, India |
|
Date of Appointment : |
25.02.2017 |
|
PAN No.: |
ADBPP5373M |
|
|
|
|
Name : |
Mrs. Sangeeta Karnatak |
|
Designation : |
Company Secretary |
|
Address : |
A 84/1, Dda SFS Flat Saket, New Delhi-110017, India |
|
Date of Appointment : |
28.09.2017 |
|
PAN No.: |
AKMPJ1813A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Himachal Futuristic Communications Limited |
|
630223 |
|
Satellite Finance Private Limited |
|
377500 |
|
Vinsan Brothers Private Limited |
|
1082692 |
|
Nextwave Communications Private Limited |
|
4281685 |
|
Mahendra Nahata |
|
100 |
|
Vinay Maloo |
|
100 |
|
Deepak Malhotra |
|
100 |
|
Y.S. Choudhary |
|
100 |
|
Baburaj E. |
|
100 |
|
Srinavasa Rao Saripalli |
|
43140 |
|
Prashanth Narayana |
|
37190 |
|
Siva Janardhan Marrapu |
|
27273 |
|
|
|
|
|
Total |
|
6480203 |
|
Names of Shareholder (Preference Shares) |
|
No. of Shares |
|
Nextwave Communications Private Limited |
|
15000000 |
|
|
|
|
|
Total |
|
15000000 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
98.33 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
1.67 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Telecom Products and Providing Solar Projects.
[Registered Activity] |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· Punjab National Bank Nehru Place Branch, New Delhi-110019, India · Union Bank of India Industrial Finance Branch, G-39 Connaught Place, New
Delhi - 110048, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Khandelwal Jain and Company Chartered Accountants |
|
Address : |
221, Hans Bhawan, Bahadur Shah Zafar Marg, New Delhi-110002, India |
|
PAN No.: |
AAAFK0985C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
Nextwave Communications Private Limited
[U64202UP2008PTC087732] |
|
|
|
|
Subsidiary
companies: |
· Energywin technologies Private Limited [U32109KA2011PTC058734] ·
Exicom Tele-Systems (Signapore ) Pte Limited |
|
|
|
|
Step Down
Subsidiary Company : |
Horizon Tele Systems Sdn Bhd (Horizon) - Malaysia |
|
|
|
|
Associate company : |
Storage Power Solution Inc. (SPS) – Canada |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and their
relatives : |
· Innovative Roof Solar Solutions LLP (Innovative) · Himachal Futuristic Communications Limited (HFCL) |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
INR 10/- each |
INR 150.000 Million |
|
15000000 |
Preference Shares |
INR 10/- each |
INR 150.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 300.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6480203 |
Equity Shares |
INR 10/- each |
INR64.802
Million |
|
15000000 |
Preference Shares |
INR 10/- each |
INR 150.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 214.802
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 |
214.802 |
200.816 |
50.816 |
|
(b) Reserves & Surplus |
1004.100 |
685.731 |
599.981 |
|
(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) |
1218.902 |
886.547 |
650.797 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
201.212 |
377.682 |
266.352 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
13.797 |
0.000 |
0.000 |
|
(d)
long-term provisions |
10.868 |
8.234 |
8.273 |
|
Total
Non-current Liabilities (3) |
225.877 |
385.916 |
274.625 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
167.428 |
254.515 |
102.180 |
|
(b)
Trade payables |
466.093 |
340.081 |
468.743 |
|
(c)
Other current liabilities |
174.670 |
105.489 |
68.934 |
|
(d)
Short-term provisions |
24.721 |
18.806 |
15.867 |
|
Total
Current Liabilities (4) |
832.912 |
718.891 |
655.724 |
|
|
|
|
|
|
TOTAL |
2277.691 |
1991.354 |
1581.146 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
532.921 |
121.236 |
129.373 |
|
(ii)
Intangible Assets |
77.412 |
83.444 |
47.378 |
|
(iii)
Capital work-in-progress |
7.394 |
248.069 |
49.113 |
|
(iv) Intangible assets under development |
0.000 |
24.076 |
83.004 |
|
(b) Non-current
Investments |
204.069 |
179.013 |
156.688 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
12.674 |
22.402 |
13.214 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
834.470 |
678.240 |
478.770 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
383.311 |
306.187 |
325.196 |
|
(c)
Trade receivables |
798.645 |
796.442 |
583.776 |
|
(d)
Cash and cash equivalents |
47.948 |
45.629 |
30.898 |
|
(e)
Short-term loans and advances |
204.951 |
159.781 |
159.858 |
|
(f)
Other current assets |
8.366 |
5.075 |
2.648 |
|
Total
Current Assets |
1443.221 |
1313.114 |
1102.376 |
|
|
|
|
|
|
TOTAL |
2277.691 |
1991.354 |
1581.146 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1865.157 |
1464.873 |
1472.460 |
|
|
|
Other Income |
11.465 |
13.595 |
21.149 |
|
|
|
TOTAL |
1876.622 |
1478.468 |
1493.609 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1030.063 |
782.944 |
991.323 |
|
|
|
Purchases of Stock-in-Trade |
20.930 |
32.009 |
48.293 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(8.661) |
(16.779) |
(28.542) |
|
|
|
Employees benefits expense |
239.337 |
189.639 |
172.572 |
|
|
|
Other expenses |
332.387 |
307.658 |
196.252 |
|
|
|
TOTAL |
1614.056 |
1295.471 |
1379.898 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
262.566 |
182.997 |
113.711 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
58.781 |
49.114 |
32.357 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
203.785 |
133.883 |
81.354 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
71.207 |
49.041 |
41.837 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
132.578 |
84.842 |
39.517 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.223 |
(0.908) |
1.723 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
132.355 |
85.750 |
37.794 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
20.89 |
16.87 |
7.48 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
409.762 |
(112.115) |
58.930 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
382.518 |
(132.968) |
57.507 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
156.29 |
198.45 |
144.71 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.34 |
1.84 |
2.52 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
161.87 |
152.31 |
164.57 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.68 |
0.60 |
0.35 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.43 |
0.38 |
0.37 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.45 |
0.55 |
0.58 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.30 |
0.71 |
0.57 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.68 |
0.81 |
1.01 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.51 |
0.54 |
0.47 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.47 |
3.73 |
3.51 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
7.10 |
5.85 |
2.57 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.81 |
4.31 |
2.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.86 |
9.67 |
5.81 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.73 |
1.83 |
1.68 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.27 |
1.40 |
1.19 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.54 |
0.45 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.72 |
3.15 |
7.25 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.73 |
1.83 |
1.68 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
50.816 |
200.816 |
214.802 |
|
Reserves & Surplus |
599.981 |
685.731 |
1004.100 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
650.797 |
886.547 |
1218.902 |
|
|
|
|
|
|
long-term borrowings |
266.352 |
377.682 |
201.212 |
|
Short term borrowings |
102.180 |
254.515 |
167.428 |
|
Total
borrowings |
368.532 |
632.197 |
368.640 |
|
Debt/Equity
ratio |
0.566 |
0.713 |
0.302 |
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 |
1472.460 |
1464.873 |
1865.157 |
|
|
|
-0.515 |
27.326 |
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 |
1472.460 |
1464.873 |
1865.157 |
|
Profit/ (Loss) |
37.794 |
85.750 |
132.355 |
|
|
2.57% |
5.85% |
7.10% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G73000929 |
100145241 |
PUNJAB NATIONAL BANK |
14/12/2017 |
- |
- |
50000000.0 |
NEHRU PLACE BRANCHNEW DELHIDL110019IN |
|
2 |
G59493437 |
100130439 |
PUNJAB NATIONAL BANK |
29/09/2017 |
- |
- |
10000000.0 |
NEHRU PLACE BRANCHNEW DELHIDL110019IN |
|
3 |
G04666426 |
100029750 |
PUNJAB NATIONAL BANK |
09/05/2016 |
- |
- |
10000000.0 |
CC-21,NEHRU ENCLAVEOPPOSITE NEHRU PLACENEW DELHIDL110019IN |
|
4 |
G03031952 |
100025638 |
PUNJAB NATIONAL BANK |
01/03/2016 |
- |
- |
50000000.0 |
CC-21, NEHRU ENCLAVEOPPOSITE NEHRU PLACENEW DELHIDL110019IN |
|
5 |
G62933239 |
10609292 |
IDBI BANK LIMITED |
16/12/2015 |
30/10/2017 |
- |
280000000.0 |
51/3, DESH BANDHU GUPTA ROAD(OPPSITE KHALSA COLLEGE) KAROL BAGHNEW DELHIDL110005IN |
|
6 |
C67425397 |
10597351 |
IDBI BANK LIMITED |
13/10/2015 |
- |
- |
55000000.0 |
3RD FLOOR, INDIAN RED CROSS SOCIETY BUILDING1, RED CROSS ROADNEW DELHIDL110001IN |
|
7 |
G61524385 |
10206063 |
PUNJAB NATIONAL BANK |
26/02/2010 |
02/11/2017 |
- |
350000000.0 |
CC-21, NEHRU ENCLAVEOPP. NEHRU PLACENEW DELHIDL110019IN |
|
8 |
C71455307 |
10560560 |
PUNJAB NATIONAL BANK |
09/01/2015 |
- |
27/11/2015 |
10000000.0 |
CC-21, NEHRU ENCLAVEOPP NEHRU PLACENEW DELHIDL110019IN |
|
9 |
C38017448 |
80050237 |
PUNJAB NATIONAL BANK |
04/07/2000 |
01/10/2009 |
18/12/2014 |
105000000.0 |
NEHRU PLACENEW DELHIDL110019IN |
|
10 |
C38020194 |
80050238 |
PUNJAB NATIONAL BANK |
04/07/2000 |
01/10/2009 |
18/12/2014 |
165000000.0 |
NEHRU PLACENEW DELHIDL110019IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Other loans and advances |
168.350 |
354.600 |
|
|
|
|
|
Total |
168.350 |
354.600 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Claims against company not acknowledged as debt |
0.743 |
0.743 |
|
Guarantees |
206.321 |
165.724 |
|
Other money for which company is contingently liable |
46.473 |
137.978 |
|
Estimated amount of contracts remaining to be executed
on capital account and not provided for |
13.521 |
41.969 |
STATE OF AFFAIRS OF THE COMPANY
During the year the company has continued performing consistently and recorded increase in gross revenue to INR 2016.700 million for financial year 2016-17 as against gross revenue of INR 1575.100 million in previous financial year. However, the profitability before and after tax was increased by 54.37%. The net profit for the company increased from INR 85.700 million in previous financial year to INR 132.300 million in current financial year. The Company has been making its sincere efforts with strong commitment towards achievement of better turnover and profitability keeping in mind benefit to the stakeholders.
FIXED ASSETS:
Tangible assets
· Land
· Buildings
· Plant and equipment
· Office equipment
· Furniture and fixtures
· Computer equipments
· Leasehold improvements
· Vehicles
Intangible assets
· Computer software
· Licenses and franchise
· Licenses
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 65.04 |
|
UK Pound |
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RUP |
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.