|
|
|
MIRA INFORM REPORT
|
Report No. : |
504870 |
|
Report Date : |
03.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
VIJAY TRANSMISSION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.121/3, 8, 12, 13, Village-Kanhera, Urla, Acholi
Marg, Post-Urla, Raipur - 493221, Chhattisgarh |
|
Tel. No.: |
91- 771-3054900 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
14.12.2006 |
|
|
|
|
Com. Reg. No.: |
33-020134 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 46.170 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28112CT2006PTC020134 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
6308001554 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCV4467B |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
22AACCV4467B1ZO |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
TIN/CST No.: |
22661103770 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of all types of Metal Structures and Transmission Line Towers, Telecom Towers, Substation Towers, Substation Structures, Windmill Structures, Lattice Structures, RSJ Poles and GL Earthing Station Devices. (Confirmed by the management) Manufacturers of all
types of metal structures and towers featuring precision designing,
manufacturing and construction standards, the complete range includes
transmission line towers, substation towers, substation structures, windmill
structures, lattice structures, RSJ poles, GI earthing station structures.
(Registered Activity) |
|
|
|
|
No. of Employees
: |
150 (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 567000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term fund based limits: BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
11.04.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term non-fund based limits: A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
11.04.2017 |
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
31.03.2018.
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 03.05.2018.
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. Sunil |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-62183408 |
|
Date : |
30.04.2018 |
Mobile No.: 91-9893501419 (Ringing)
LOCATIONS
|
Registered Office/ Factory : |
Plot No.121/3, 8, 12, 13, Village-Kanhera, Urla,
Acholi Marg, Post-Urla, Raipur - 493221, Chhattisgarh, India |
|
Tel. No.: |
91-771-3054900 |
|
Fax No.: |
91-771-3054935 |
|
E-Mail : |
|
|
Area : |
9000 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Corporate Office : |
210/211, Kamla Spaces, 2nd Floor, S.V. Road, Above Kohinoor Showroom Santacruz (West), Mumbai – 400054, Maharashtra, India |
|
Tel. No.: |
91-22-62183408 / 62183401 |
|
Fax No.: |
91-22-26609915 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Narendra Chandra Paliwal |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
201, Guru Arjan Apartment, S.V. Road, Santacruz (West), Mumbai - 400054, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
15.02.1955 |
||||||||||||
|
Date of Appointment : |
14.12.2006 |
||||||||||||
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PAN No.: |
ADKPP7494E |
||||||||||||
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DIN No.: |
00927072 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Sanjay Shital Paliwal |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
6, Akash Co-Operative Housing Society, 2nd Floor, Plot No. 424, Sarojini Road, Santacruz (West), Mumbai - 400054, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
13.12.1968 |
||||||||||||
|
Date of Appointment : |
05.01.2016 |
||||||||||||
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PAN No.: |
AAGPP0563R |
||||||||||||
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DIN No.: |
01042446 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Keshav Chandra Paliwal |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
C-39, Nizammudin East, New Delhi - 110013, India |
||||||||||||
|
Date of Birth/Age : |
22.02.1946 |
||||||||||||
|
Date of Appointment : |
01.10.2012 |
||||||||||||
|
PAN No.: |
AARPP5004G |
||||||||||||
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DIN No.: |
01145263 |
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|
Other Directorship:
|
|||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sunil |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
As on 31.03.2017
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
73.19 |
|
Promoters (Body corporate) |
23.65 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
3.16 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of all types of Metal Structures and Transmission Line Towers, Telecom Towers, Substation Towers, Substation Structures, Windmill Structures, Lattice Structures, RSJ Poles and GL Earthing Station Devices. (Confirmed by the management) Manufacturers of all
types of metal structures and towers featuring precision designing,
manufacturing and construction standards, the complete range includes
transmission line towers, substation towers, substation structures, windmill
structures, lattice structures, RSJ poles, GI earthing station structures.
(Registered Activity) |
||||||||
|
|
|
||||||||
|
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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|
|
|
||||||||
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Products : |
·
Transmission Line Towers ·
Power Transmission Line Towers ·
Lattice Structures |
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|
Countries : |
·
Sri Lanka ·
Africa |
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|
||||||||
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Imports : |
Not Available |
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Terms : |
|||||||||
|
Selling : |
Advance Payment, L/C, Cheque and Credit (30 days) |
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|
||||||||
|
Purchasing : |
Advance Payment, L/C, Cheque and Credit (30 days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Atul Veeresh and Associates Chartered Accountants |
|
Address : |
74, 1st Floor, Hi Life Mall, Phiroz
Shah Mehta Road, Near Shabri Hotel, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAHFA0127F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
·
Vijay Steel Corporation Private Limited
(CIN No.: U27100MH1995PTC088530) ·
Vijay Parivahan Private Limited (CIN No.:
U60231CT2008PTC020587) ·
S K N Venture ·
Narendra Paliwal (HUF) ·
Keshav Alok Paliwal (HUF) |
CAPITAL STRUCTURE
After 27.09.2017
Authorised Capital : INR 100.000 Million
Issued, Subscribed & Paid-up Capital : INR 53.700 Million
As on 27.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4617000 |
Equity Shares |
INR 10/- each |
INR 46.170 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
46.170 |
46.170 |
46.170 |
|
(b) Reserves & Surplus |
152.396 |
126.732 |
106.233 |
|
(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) |
198.566 |
172.902 |
152.403 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
124.498 |
117.680 |
140.642 |
|
(b) Deferred tax liabilities (Net) |
12.805 |
4.937 |
0.000 |
|
(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) |
137.303 |
122.617 |
140.642 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
206.975 |
149.574 |
125.532 |
|
(b) Trade
payables |
264.970 |
277.857 |
281.881 |
|
(c) Other
current liabilities |
12.494 |
6.810 |
15.449 |
|
(d) Short-term
provisions |
21.087 |
25.764 |
15.770 |
|
Total Current
Liabilities (4) |
505.526 |
460.005 |
438.632 |
|
|
|
|
|
|
TOTAL |
841.395 |
755.524 |
731.677 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
186.423 |
167.587 |
169.571 |
|
(ii)
Intangible Assets |
1.010 |
1.319 |
0.271 |
|
(iii)
Capital work-in-progress |
0.000 |
9.797 |
0.885 |
|
(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 |
0.132 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
187.433 |
178.703 |
170.859 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
366.375 |
348.046 |
173.670 |
|
(c) Trade
receivables |
166.915 |
144.364 |
326.768 |
|
(d) Cash
and cash equivalents |
31.163 |
23.635 |
23.759 |
|
(e)
Short-term loans and advances |
89.509 |
60.776 |
36.621 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
653.962 |
576.821 |
560.818 |
|
|
|
|
|
|
TOTAL |
841.395 |
755.524 |
731.677 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1541.428 |
1312.140 |
1253.733 |
|
|
Other Income |
5.552 |
2.449 |
3.807 |
|
|
TOTAL |
1546.980 |
1314.589 |
1257.540 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1223.909 |
1143.528 |
1050.408 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.680 |
(94.047) |
0.337 |
|
|
Employees benefits
expense |
38.392 |
35.084 |
32.637 |
|
|
Other expenses |
198.612 |
156.422 |
123.994 |
|
|
Prior Period Items |
0.000 |
0.190 |
-0.005 |
|
|
TOTAL |
1461.593 |
1241.177 |
1207.371 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
85.387 |
73.412 |
50.169 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
38.003 |
36.373 |
29.971 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
47.384 |
37.039 |
20.198 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
13.651 |
11.164 |
9.476 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
33.733 |
25.875 |
10.722 |
|
|
|
|
|
|
|
Less |
TAX |
8.068 |
5.376 |
1.324 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
25.665 |
20.499 |
9.398 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
4.947 |
6.292 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
5.56 |
4.44 |
2.43 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
1150.000 (Due to market
fluctuation) |
|
|
|
|
|
The above information has been parted by Mr. Sunil (Finance Manager).
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 |
17.552 |
52.159 |
(85.757) |
|
Net cash flows from (used in) operating activity |
1.296 |
51.984 |
(86.325) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
39.52 |
40.16 |
95.13 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
9.23 |
9.09 |
3.84 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
79.02 |
88.69 |
97.95 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.23 |
0.21 |
0.29 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.46 |
0.41 |
0.29 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.75 |
0.76 |
0.79 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.67 |
1.55 |
1.75 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.55 |
2.66 |
2.88 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.94 |
1.03 |
1.12 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.25 |
2.02 |
1.67 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.67 |
1.56 |
0.75 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.05 |
2.71 |
1.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
12.93 |
11.86 |
6.17 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.29 |
1.25 |
1.28 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.57 |
0.50 |
0.88 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.24 |
0.23 |
0.21 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
7.18 |
5.79 |
5.77 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.29 |
1.25 |
1.28 |
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 |
46.170 |
46.170 |
46.170 |
|
Reserves & Surplus |
106.233 |
126.732 |
152.396 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
152.403 |
172.902 |
198.566 |
|
|
|
|
|
|
long-term borrowings |
140.642 |
117.680 |
124.498 |
|
Short term borrowings |
125.532 |
149.574 |
206.975 |
|
Total
borrowings |
266.174 |
267.254 |
331.473 |
|
Debt/Equity
ratio |
1.747 |
1.546 |
1.669 |
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 |
1253.733 |
1312.140 |
1541.428 |
|
|
|
4.659 |
17.474 |
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 |
1253.733 |
1312.140 |
1541.428 |
|
Profit |
9.398 |
20.499 |
25.665 |
|
|
0.75% |
1.56% |
1.67% |
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 |
Yes |
|
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 |
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) |
Yes |
|
16] |
No. of employees |
Yes |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
Yes |
|
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 |
Yes |
|
26] |
Turnover of firm for last four years |
Yes |
|
27] |
Reasons for variation <> 20% |
Yes |
|
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 |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
|
OBSERVATION POINTS 1 |
|
Name of Company : |
VIJAY TRANSMISSION PRIVATE LIMITED |
|
|
|
|
Address : |
210/211, Kamla Spaces, 2nd Floor, S.V. Road, Above Kohinoor Showroom Santacruz (West), Mumbai – 400054, Maharashtra, India |
|
|
|
|
Tel. No.: |
91-22-62183401 |
|
|
|
|
Person to whom we met: |
Mr. Nitin (Office Boy) |
|
|
|
|
Name Board: |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Total Floors of the building: |
Ground+3 |
|
|
|
|
Subject situated on: |
2nd Floor |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area: |
Upmarket |
|
|
|
|
No. of Employees seen at Premises : |
4 |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Computers ·
Air Conditioner ·
Office Equipment |
|
|
|
|
Furniture items sighted: |
Yes |
|
|
|
|
Sister Concerns (Other
names on name board) : |
Vijay Steel
Corporation Private Limited |
|
|
|
|
Proof of visit: |
Photograph |
|
OBSERVATION POINTS 2 |
|
Name of Company : |
VIJAY TRANSMISSION PRIVATE LIMITED |
|
|
|
|
Address : |
Plot No.121/3, 8, 12, 13, Village-Kanhera, Urla,
Acholi Marg, Post-Urla, Raipur - 493221, Chhattisgarh, India |
|
|
|
|
Person to whom we met: |
Mr. Ratan (Security Guard) |
|
|
|
|
Name Board: |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Total Floors of the building: |
Shed type premises |
|
|
|
|
Locality: |
Industrial
|
|
|
|
|
Area of Premises
: |
9000 sq. ft. |
|
|
|
|
Area: |
Neutral |
|
|
|
|
No. of Employees seen at Premises : |
2 |
|
|
|
|
Furniture items sighted: |
Yes |
|
|
|
|
Neighbour’s
Interview: |
Name of Company: RSPL Limited Neighbour’s Overview: Existence Confirmed. Name of Company: Chetan Industries Neighbour’s Overview: Existence Confirmed. |
|
|
|
|
Proof of visit: |
Photograph |
Picture
|
|
FINANCIAL
PERFORMANCE AND THE STATE OF THE COMPANY’S AFFAIRS:
The Company is the leading manufacturers of all types of metal
structures and towers featuring precision designing, manufacturing and
construction standards, the complete range includes transmission line towers,
substation towers, substation structures, windmill structures, lattice
structures, RSJ poles, GI earthing station structures.
The Company is well equipped with the facilities and modern management
techniques that allows to manufacture and supply precision engineered range of
galvanized steel lattice structures for transmission line towers. Further, the
company's commitment towards producing superior quality products and never
their quest for improvisation through innovative R&D has also enabled to
maintain highest standards in all the departments, thus ensuring quality end
solutions.
The Company recorded total production of 15176.637 MT of Fabrication and
27723.717 MT of Galvanizing in the year 2016-17.
The Company has achieved a turnover of INR 1541.400 million as against
INR 1312.100 million in the previous year and at the same time the company
posted the net profit of INR 25.700 million as against INR 20.500 million in
the previous year. The earnings per share of the Company {basic and diluted in
the financial year stood at INR 5.56
UNSECURED LOAN
|
Particular |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Term loans from banks |
15.482 |
13.454 |
|
Term loans from others |
26.565 |
15.162 |
|
Other loans and advances |
66.374 |
68.475 |
|
Total |
108.421 |
97.091 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G84002393 |
100169347 |
Axis Bank Limited |
31/03/2018 |
- |
- |
250000000.0 |
THANE MAIN BRANCH, HARI NIWAS CIRCLE1ST FLOOR, DHIRAJ BAUG, THANE WEST -400602 MAHARASHTRA INDIA |
|
2 |
B39296470 |
10354628 |
DENA BANK |
21/03/2012 |
- |
- |
336300000.0 |
CORPORATE BUSINESS BRANCH, C-10, G-BLOCKBANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI-400051 MAHARASHTRA INDIA |
|
3 |
B23357577 |
10312586 |
BANK OF INDIA |
05/09/2011 |
- |
- |
221800000.0 |
THANE MCB, G-5, GR FLOOR, SMC AKRUTI BLDG.NEAR KHOPAT JUNCTION, L.B.S. MARGTHANE WEST -400602 MAHARASHTRA INDIA |
|
4 |
A77003176 |
10195260 |
BANK OF INDIA |
24/11/2009 |
- |
- |
48500000.0 |
THANE MAIN BRANCH, SHIVAJI PATH OPPOSITE M H HIGH SCHOOL, TALAOPALI THANE WEST 400601 MAHARASHTRA INDIA |
|
5 |
G10752095 |
10083510 |
DENA Bank |
17/12/2007 |
08/08/2016 |
- |
494600000.0 |
CORPORATE BUSINESS BRANCH C-10, G- BLOCK BANDRA – EAST MUMBAI-400051 MAHARASHTRA INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
|
|
|
Claims against company not acknowledged as debt |
0.000 |
0.035 |
|
Guarantees |
186.804 |
152.182 |
|
Total |
186.804 |
152.217 |
FIXED ASSETS
Tangible Assets
- Land
- Site Development
- Factory Shed and Building
- Admin Building and other Building
- ETP Building
- Plant and Machinery
- Structures and Equipment
- Pollution Control Equipment
- Electrical Installation and Fittings
- Vehicles
- Furniture and Fixtures
- Computers
- Office Equipment and other Assets
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 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 65.22 |
|
|
1 |
INR 92.77 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
RKI |
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.