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|
MIRA INFORM REPORT
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Report No. : |
500788 |
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Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TATA CONSULTING ENGINEERS LIMITED (w.e.f.18.01.2010) |
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Formerly Known
As : |
TCE CONSULTING ENGINEERS LIMITED (w.e.f.16.02.200) TCE CONSULTING ENGINEERS PRIVATE LIMITED |
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Registered
Office : |
Matulya Centre, 1st Floor, A-249, Senapati Bapat Marg,
Lower Parel (West), Mumbai - 400013, Maharashtra |
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Tel. No.: |
91-22-61148181 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
10.12.1999 |
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Com. Reg. No.: |
11-123010 |
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Capital
Investment / Paid-up Capital : |
INR 100.000 Million |
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CIN No.: [Company Identification
No.] |
U74210MH1999PLC123010 |
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IEC No.: [Import-Export
Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
27AABCT0772E1ZJ |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCT0772E |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business
of providing engineering consultancy services. (Registered Activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A++ |
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Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned subsidiary of “Tata Sons Limited”. The company was incorporated in the year 1999. As per indirect sources subject is engaged in providing engineering consultancy services. For the financial year 2017, the company has achieved 10.94% growth in its revenue as compared to previous year revenue and has maintained decent profitability margin of 6.27% during the year under review. The healthy financial profile of the company is marked by strong networth base along with negligible debt level. The company has favourable Earning Per Share (EPS) of INR 34.50 against a face value (FV) of INR 10. Rating takes into consideration strong financial and managerial support that the company receives from its holding entity backed by its well experienced management team. The rating also takes into consideration the subject’s long established track record of business operations along with extensive experience of its promoters. However, these rating strengths are partially offset by unfavouarble gap between trade payables and trade receivables. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for good 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term loans: AA |
|
Rating Explanation |
High degree of safety and very low credit
risk. |
|
Date |
01.02.2018 |
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Rating Agency Name |
ICRA |
|
Rating |
Short term unallocated funds : A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
01.02.2018 |
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 DENIED
Management Non-Cooperative (91-22-66624743)
LOCATIONS
|
Registered Office : |
Matulya Centre, 1st Floor, A-249, Senapati Bapat Marg,
Lower Parel (West), Mumbai - 400013, Maharashtra, India |
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Tel. No.: |
91-22-66624743 |
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Fax No.: |
91-22-66624723 |
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E-Mail : |
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Website : |
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Corporate Office : |
Unit No NB 1502 and SB -1501, 15th floor, Empire
Tower, Cloud City Campus, |
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Tel. No.: |
91-22-61148181 |
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Fax No.: |
91-22-61148282 |
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|
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Branch Office : |
Located at:
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DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Amit Sharma |
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Designation : |
Managing Director |
|
Address : |
M152, Sector 25, Jal Vayu Vihar, Noida – 201301, Uttar Pradesh, India |
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Date of Birth/Age : |
18.07.1972 |
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Date of Appointment : |
27.09.2015 |
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PAN No.: |
AAPPS0200D |
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DIN No.: |
03212568 |
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|
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Name : |
Padmanabhan Sankaranarayanan |
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Designation : |
Director |
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Address : |
132, Apsara NCPA Apartments, D Tara Road, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Date of Birth/Age : |
15.05.1958 |
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Date of Appointment : |
16.07.2013 |
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DIN No.: |
00306299 |
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Name : |
Ms. Hema Ravichandar |
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Designation : |
Director |
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Address : |
3-C, Moyenville Place, No.18, Moyenville Road, Langford Town, Bangalore – 560025, Karnataka, India |
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Date of Appointment : |
09.09.2016 |
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DIN No.: |
00032929 |
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Name : |
Mr. Prashant Kumar Ghose |
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Designation : |
Director |
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Address : |
208, Samudra Mahal, Dr. A. B. Road, Worli, Mumbai – 400018, Maharashtra, India |
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Date of Appointment : |
21.07.2017 |
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DIN No.: |
00034945 |
KEY EXECUTIVES
|
Name : |
Mr. Sachin Balkrishna Dewasthalee |
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Designation : |
Chief Financial Officer |
|
Address : |
C-202, Kailas Avenue, Cama Lane, Ghatkopar (West), Mumbai – 400086, Maharashtra, India |
|
Date of Appointment : |
04.01.2016 |
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PAN No.: |
AAHPD6814G |
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|
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Name : |
Mr. Sachin Jayprakash Mishra |
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Designation : |
Company Secretary |
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Address : |
Queens Marigold CHS, B-7, 3rd Floor Off Mira Bhayander Road, Mira Road –(East), Thane – 401107, Maharashtra, India |
|
Date of Appointment : |
18.06.2014 |
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PAN No.: |
AJIPM5629E |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Tata Sons Limited, India |
|
9999600 |
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Tata Sons Limited, India and F N Subedar, India |
|
100 |
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Tata Sons Limited, India and K R Bhagat |
|
100 |
|
Tata Sons Limited, India and Nikhil Kumar |
|
40 |
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Tata Sons Limited, India and Girish Valecha |
|
30 |
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Tata Sons Limited, India and A P Charna |
|
100 |
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Tata Sons Limited, India and E N Kapadia |
|
30 |
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Total |
|
10000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 21.07.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the
business of providing engineering consultancy services. (Registered
Activity) |
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Products / Services
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
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Auditors : |
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|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
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Address : |
India Bulls Finance Centre, Tower 3, 31st - 32nd Floor, Senapati Bapat Marg, Elphinstone Mill Compund, Elphinstone Road (West), Mumbai – 400013, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD4815A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
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Subsidiary Company: |
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Fellow Subsidiaries:
(With whom the Company has transactions): |
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CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000
Million |
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|
|
FINANCIAL DATA
[all figures are INR
Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
100.000 |
100.000 |
100.000 |
|
(b) Reserves and Surplus |
3453.772 |
3108.810 |
3069.706 |
|
(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) |
3553.772 |
3208.810 |
3169.706 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
64.264 |
48.981 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.276 |
0.276 |
0.276 |
|
(d) long-term
provisions |
196.566 |
196.567 |
236.802 |
|
Total Non-current
Liabilities (3) |
261.106 |
245.824 |
237.078 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
330.941 |
642.158 |
329.430 |
|
(b) Trade payables |
675.620 |
663.567 |
631.385 |
|
(c) Other
current liabilities |
488.677 |
361.661 |
317.309 |
|
(d) Short-term
provisions |
81.755 |
143.619 |
234.941 |
|
Total Current
Liabilities (4) |
1576.993 |
1811.005 |
1513.065 |
|
|
|
|
|
|
TOTAL |
5391.871 |
5265.639 |
4919.849 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
591.829 |
597.731 |
643.425 |
|
(ii)
Intangible Assets |
108.452 |
200.169 |
225.975 |
|
(iii) Tangible assets
capital work-in-progress |
322.318 |
165.947 |
103.637 |
|
(iv)
Intangible assets under development |
2.458 |
0.702 |
24.300 |
|
(b) Non-current Investments |
23.576 |
23.576 |
23.576 |
|
(c) Deferred tax assets (net) |
146.254 |
95.820 |
62.651 |
|
(d)
Long-term loans and advances |
310.751 |
514.861 |
379.493 |
|
(e) Other
Non-current assets |
92.972 |
38.821 |
33.446 |
|
Total Non-Current
Assets |
1598.610 |
1637.627 |
1496.503 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
1590.159 |
1442.697 |
1681.772 |
|
(d) Cash and
bank balances |
82.140 |
51.316 |
39.473 |
|
(e)
Short-term loans and advances |
308.857 |
210.107 |
146.633 |
|
(f) Other
current assets |
1812.105 |
1923.892 |
1555.468 |
|
Total
Current Assets |
3793.261 |
3628.012 |
3423.346 |
|
|
|
|
|
|
TOTAL |
5391.871 |
5265.639 |
4919.849 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
5500.181 |
4957.726 |
5332.149 |
|
|
Other Income |
235.291 |
139.671 |
214.680 |
|
|
TOTAL |
5735.472 |
5097.397 |
5546.829 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Employee benefit expense |
2954.510 |
3115.295 |
2883.226 |
|
|
CSR expenditure |
10.529 |
5.820 |
10.219 |
|
|
Other expenses |
2005.651 |
1656.330 |
1750.662 |
|
|
Exceptional items |
0.000 |
0.000 |
(85.806) |
|
|
TOTAL |
4970.690 |
4777.445 |
4558.301 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
764.782 |
319.952 |
988.528 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
54.998 |
47.249 |
37.761 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
709.784 |
272.703 |
950.767 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
175.200 |
187.678 |
185.825 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
534.584 |
85.025 |
764.942 |
|
|
|
|
|
|
|
Less |
TAX |
189.622 |
(14.258) |
259.595 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
344.962 |
99.283 |
505.347 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
2558.259 |
2519.155 |
2208.237 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Proposed Dividend |
0.000 |
50.000 |
120.000 |
|
|
Tax on Proposed Dividend |
0.000 |
10.179 |
24.429 |
|
|
Other additions to reserves |
0.000 |
0.000 |
50.000 |
|
|
Balance
Carried to the B/S |
2903.221 |
2558.259 |
2519.155 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
2248.512 |
1814.340 |
1577.914 |
|
|
TOTAL EARNINGS |
2248.512 |
1814.340 |
1577.914 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
71.525 |
1.604 |
50.469 |
|
|
TOTAL IMPORTS |
71.525 |
1.604 |
50.469 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
34.50 |
9.93 |
50.53 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
24.099 |
10.019 |
0.000 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
704.630 |
231.854 |
610.318 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
677.121 |
(29.956) |
355.799 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
105.53 |
106.21 |
115.12 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.46 |
3.44 |
3.17 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.75 |
0.33 |
0.99 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.31 |
0.36 |
0.31 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.12 |
0.22 |
0.10 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.44 |
0.56 |
0.48 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.29 |
0.30 |
0.31 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
13.91 |
6.77 |
26.18 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
6.27 |
2.00 |
9.48 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.40 |
1.89 |
10.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.71 |
3.09 |
15.94 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.41 |
2.00 |
2.26 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.41 |
2.00 |
2.26 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.66 |
0.61 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.19 |
7.01 |
3.29 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.41 |
2.00 |
2.26 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
100.000 |
100.000 |
100.000 |
|
Reserves & Surplus |
3069.706 |
3108.810 |
3453.772 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3169.706 |
3208.810 |
3553.772 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
48.981 |
64.264 |
|
Short term borrowings |
329.430 |
642.158 |
330.941 |
|
Current maturities of
long-term debts |
0.000 |
10.019 |
24.099 |
|
Total
borrowings |
329.430 |
701.158 |
419.304 |
|
Debt/Equity
ratio |
0.104 |
0.219 |
0.118 |
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 |
5332.149 |
4957.726 |
5500.181 |
|
|
|
(7.022) |
10.942 |
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 |
5332.149 |
4957.726 |
5500.181 |
|
Profit/ (Loss) |
505.347 |
99.283 |
344.962 |
|
|
9.48
% |
2.00
% |
6.27
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
100.000 |
100.000 |
|
(b) Reserves and Surplus |
|
3466.264 |
3117.535 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
3566.264 |
3217.535 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
64.264 |
48.981 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.276 |
0.276 |
|
(d) long-term
provisions |
|
200.123 |
199.802 |
|
Total Non-current
Liabilities (3) |
|
264.663 |
249.059 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
330.941 |
642.158 |
|
(b) Trade
payables |
|
682.178 |
672.752 |
|
(c) Other
current liabilities |
|
490.945 |
364.368 |
|
(d) Short-term
provisions |
|
82.461 |
144.307 |
|
Total Current
Liabilities (4) |
|
1586.525 |
1823.585 |
|
|
|
|
|
|
TOTAL |
|
5417.452 |
5290.179 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
592.722 |
599.069 |
|
(ii)
Intangible Assets |
|
118.523 |
210.324 |
|
(iii) Tangible assets
capital work-in-progress |
|
322.318 |
165.947 |
|
(iv)
Intangible assets under development |
|
2.458 |
0.702 |
|
(b) Non-current Investments |
|
1.228 |
1.228 |
|
(c) Deferred tax assets (net) |
|
148.396 |
95.820 |
|
(d)
Long-term loans and advances |
|
316.597 |
522.008 |
|
(e) Other
Non-current assets |
|
92.972 |
38.821 |
|
Total Non-Current
Assets |
|
1595.214 |
1633.919 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
1599.280 |
1451.289 |
|
(d) Cash and
bank balances |
|
96.128 |
61.570 |
|
(e)
Short-term loans and advances |
|
310.518 |
208.849 |
|
(f) Other
current assets |
|
1816.312 |
1934.552 |
|
Total
Current Assets |
|
3822.238 |
3656.260 |
|
|
|
|
|
|
TOTAL |
|
5417.452 |
5290.179 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
5548.201 |
5002.073 |
|
|
Other Income |
|
231.060 |
137.981 |
|
|
TOTAL |
|
5779.261 |
5140.054 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
0.000 |
0.000 |
|
|
Employee benefit expense |
|
2995.418 |
3151.392 |
|
|
CSR expenditure |
|
10.529 |
5.820 |
|
|
Other expenses |
|
2005.282 |
1658.143 |
|
|
TOTAL |
|
5011.229 |
4815.355 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
768.032 |
324.699 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
54.998 |
47.250 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
713.034 |
277.449 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
175.770 |
188.017 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
537.264 |
89.432 |
|
|
|
|
|
|
|
Less |
TAX |
|
188.535 |
(13.961) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
348.729 |
103.393 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
34.87 |
10.34 |
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 |
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 |
THE STATE OF COMPANY'S AFFAIRS
In the year under consideration, the company could achieve total revenue of INR 5735.500 Million (for FY 2016-17) as against INR 5097.400 Million (for FY 2015-16)
Major Milestones achieved during the FY
2016-17:
The acquisition for FY 2016-17 is INR 9222.000 Million out of which International Acquisition is INR 3796. 000 Million which amounts to 41.2% of the Total Acquisition. The Accrual for FY 2016-17 is INR 5500.000 Million with a growth of 10.9% Year on Year (YoY).
Major Reasons for improvement/ (decline) in
Financial Performance:
Focus on sales both in domestic and international market yielded results. Domestic market showed growth in Infrastructure, Water and Nuclear segment, while international market yielded revenue in Steel, Power and Chemical sector. Apart from Sales and revenue growth, an optimal cost allocation, office cost control and a better employee utilization resulted in cost management.
FUTURE OUTLOOK
The current year has started with better order book as compared to last year. However these jobs need close monitoring to confirm progress as per plans. Additional thrust is being given to both domestic and international business acquisitions to help improve in operations in the current year.
With the inherent strengths and diversity of the company's operations the company put in all efforts to weather the challenges in the industry.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
SHORT TERM
BORROWING |
|
|
|
Intercorporate deposits |
0.000 |
200.000 |
|
Total |
0.000 |
200.000 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G49618911 |
100113528 |
HDFC
BANK LIMITED |
20/07/2017 |
- |
- |
163000000.0 |
HDFC
BANK HOUSE,SENAPATI BAPAT MARGLOWER PAREL (W)MUMBAIMH400013IN |
|
2 |
C16593543 |
10515208 |
CITI
BANK N.A. |
21/08/2014 |
- |
- |
200000000.0 |
PLOT C-61,
BANDRA-KURLA COMPLEX, G-BLOCKBANDRA (E)MUMBAIMH400051IN |
|
3 |
B24721482 |
10316102 |
YES
BANK LIMITED |
01/11/2011 |
- |
- |
250000000.0 |
9TH
FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD,
WORLI,MUMBAIMH400018IN |
|
4 |
A91079798 |
10232860 |
HDFC
BANK LIMITED |
24/06/2010 |
- |
- |
200000000.0 |
HDFC
BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
5 |
G71043186 |
80019146 |
STATE
BANK OF INDIA |
20/06/2005 |
07/12/2017 |
- |
800000000.0 |
COMMERCIAL
BRANCH (ADVANCES),N G N VAIDYA MARG,HORNIMAN CIRCLE, FORT,MUMBAIMH400001IN |
|
6 |
B00357715 |
90236288 |
ICICI
BANK LIMITED |
30/01/2004 |
18/11/2010 |
- |
100000000.0 |
LANDMARKRACE
COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
7 |
G39573738 |
80031776 |
BANK OF
BARODA |
07/03/2001 |
23/08/2016 |
- |
1060000000.0 |
OPERA
HOUSE BRANCH,MODI CHAMBERSPANDIT PALUSKAR CHOWKMUMBAIMH400004IN |
|
8 |
B23517444 |
10257770 |
AXIS
BANK LIMITED |
22/11/2010 |
- |
24/10/2011 |
200000000.0 |
TRISHUL
3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGJ380006IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
Intangible assets
- Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is or
was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
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.