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|
|
MIRA INFORM REPORT
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Report No. : |
507535 |
|
Report Date : |
04.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SAARLOHA ADVANCED MATERIALS PRIVATE LIMITED (w.e.f.
13.03.2018) |
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|
|
|
Formerly Known
As : |
KALYANI CARPENTER SPECIAL STEELS PRIVATE LIMITED (w.e.f. 31.03.2015) KALYANI CARPENTER SPECIAL STEELS LIMITED |
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|
Registered
Office : |
72-76, Mundhwa, Pune - 411036, Maharashtra |
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Tel. No.: |
91-20-66215000/ 66215141 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
24.07.1998 |
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|
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|
Com. Reg. No.: |
11-012724 |
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|
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Capital
Investment / Paid-up Capital : |
INR 300.420 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U27105PN1998PTC012724 |
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|
|
|
IEC No.: [Import-Export Code No.] |
3199000177 |
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GSTN : [Goods & Service Tax
Registration No.] |
27AABCK1779L1Z4 |
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TIN / CST No.: |
27770344311 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCK1779L |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer,
produce, process, of steel, speciality alloys / metals, ferrous and
non-ferrous metals, ferroalloys, pig iron and all kinds of metal related and
speciality alloy products, materials, components and engineering products.
[Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
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 |
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Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was originally set up by a joint venture between “Kalyani Group” and “Carpenter Technology Corporation, USA” in the year 1998 to supply speciality steel to “Bharat Forge Limited”. Later in the year 2016, the Kalyani Group acquired the entire stake held by “Carpenter Group” and the subject is now completely held by the “Kalyani Group” and it is having good track record. On 13th March 2018 the name was changed to “Saarloha Advanced Materials Private Limited”. For the financial year 2017, the company has reported marginal decline in its revenue as compared to its previous year but has achieved good profit margin of 6.74% during the year. Rating takes into consideration, the robust financial risk profile marked by its adequate net worth base and strong debt protection metrics and steady cash accruals. Rating continue to derive strength from its long and established track record of its business operations backed by its promotors group along with strong management support from its holding entity. However, these rating gets partially offset by high dependence in the cyclical automobile sector as well as significant investments in other group companies which can impact the growth and returns of the company. Payments seems to be regular and as per commitment. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. NOTE: Mr. Vishal Patil (Purchase Officer) confirmed that the name of the subject was changed on 13th March 2018 and it is now known as “Saarloha Advanced Materials Private Limited” |
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 Facilities= A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
04.08.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Facilities= A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
04.08.2017 |
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 04.05.2018
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 DENIED BY
|
Name : |
Mr. Vishal Patil |
|
Designation : |
Purchase Officer |
|
Contact No.: |
91-20-66215000 |
|
Date : |
04.05.2018 |
LOCATIONS
|
Registered Office : |
72-76, Mundhwa, Pune – 411036, Maharashtra, India |
|
Tel. No.: |
91-20-66215000/ 66215141 |
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Fax No.: |
91-20-26824483/ 26824498/ 26819943 |
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E-Mail : |
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|
Website : |
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|
Sales and Marketing Office 1 : |
Plot No.30, Flat No.F-3, Savithri Flats, Mangala Nagar, Astha Lakshmi Nagar, 2nd Main Road, Alappakkam, Porur, Chennai – 600116, Tamilnadu, India |
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Tel. No.: |
91-44-24760493 |
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Fax No.: |
91-44-24760493 |
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E-Mail : |
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Sales and Marketing Office 2 : |
Antriksh Bhavan, 14th Floor, 22, K.G. Marg, New Delhi –
110001, India |
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Tel. No.: |
91-11-23730812 |
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Fax No.: |
91-11-23357083 |
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E-Mail : |
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|
|
|
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Factory 1 : |
B-5, MIDC, Ranjangaon, Pune – 412209, Maharashtra, India |
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Factory 2 : |
Plot No. 8-D, Door No. 5, 1st Floor, Balamurugan Nagar, Chitrai
Veedhi, Alappakkam, Porur, Chennai – 600115, Tamilnadu, India |
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Tel. No.: |
91-44-24760493 |
|
Fax No.: |
91-44-24760493 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Ravindra Kumar Goyal |
|
Designation : |
Director |
|
Address : |
Flat No. A/501, One North, Near Magarpatta City, Hadapsar, Pune –
411013, Maharashtra, India |
|
Date of Birth/Age : |
18.05.1958 |
|
Date of Appointment : |
22.09.2011 |
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DIN No.: |
03050193 |
|
|
|
|
Name : |
Mr. Bhalchandra Shankar Mitkari |
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Designation : |
Additional Director |
|
Address : |
401 Europa Apartments Sahani Sujan Park, Lulla Nagar, Pune – 411040,
Maharashtra, India |
|
Date of Appointment : |
01.08.2017 |
|
DIN No.: |
03632549 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjeev Shamrao Jagtap |
|
Designation : |
Chief Financial Officer and Company Secretary |
|
Address : |
Tower No. 007 Apartment No. - 1603, Amanora Park Town Hadapsar, Pune – 411028, Maharashtra, India |
|
Date of Birth/Age : |
13.07.1960 |
|
Date of Appointment : |
26.08.2014 |
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PAN No.: |
AAUPJ1259N |
|
|
|
|
Name : |
Mr. Balasubramanian Subramanian Venkatarama |
|
Designation : |
Chief Executive Officer |
|
Address : |
B10 / 517 Eden Garden, Vimannagar, Pune – 411014, Maharashtra, India |
|
Date of Appointment : |
26.08.2014 |
|
PAN No.: |
AAMPV6363R |
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|
|
|
Name : |
Mr. Prateek Kulkari |
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Designation : |
Treasury Department |
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|
|
|
Name : |
Mr. Vishal Patil |
|
Designation : |
Purchase Officer |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
KSL Holdings Private Limited |
|
24184027 |
|
Baramati Speciality Steels Limited |
|
2927213 |
|
Kalyani Investment Company Limited |
|
2930218 |
|
BF Investment Limited |
|
500 |
|
C.G. Patankar |
|
1 |
|
B.B. Hattarki |
|
1 |
|
D.R. Puranik |
|
1 |
|
Anand Shirsat |
|
1 |
|
|
|
|
|
Total |
|
30041962 |
Equity Share Break up (Percentage of Total Equity)
AS ON 01.08.2017
|
Category |
Percentage |
|
Promoters [Bodies
corporate] |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
produce, process, of steel, speciality alloys / metals, ferrous and
non-ferrous metals, ferroalloys, pig iron and all kinds of metal related and
speciality alloy products, materials, components and engineering products.
[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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||||
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Imports : |
Not Divulged |
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||||
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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 : |
·
The Hongkong and Shanghai Banking Corporation
Limited, Amar Avinash Corporate City, Shop No. 6-7-8, Survey No.11, Bund
Garden Road, Pune – 411011, Maharashtra, India |
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Facilities : |
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Auditors : |
|
|
Name : |
P.G. Bhagwat Chartered Accountants |
|
Address : |
Suite No 101-102, Orchard, Dr. Pai Marg, Baner, Pune –
411045, Maharashtra, India |
|
PAN No.: |
AAAFB0762E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
· KSL Holdings Private Limited (CIN No.: U65993PN2001PTC015938) |
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|
Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
· Bharat Forge Limited (CIN No.: L25209PN1961PLC012046) · Kalyani Steels Limited (CIN No.: L27104MH1973PLC016350) · BF Investment Limited (CIN No.: L65993PN2009PLC134021) |
CAPITAL STRUCTURE
AS ON 01.08.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
INR 10/- each |
INR 350.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30041962 |
Equity Shares |
INR 10/- each |
INR 300.420 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 |
300.420 |
300.420 |
300.420 |
|
(b) Reserves & Surplus |
3345.682 |
2547.013 |
1781.606 |
|
(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) |
3646.102 |
2847.433 |
2082.026 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
277.619 |
533.832 |
702.115 |
|
(b) Deferred tax liabilities (Net) |
327.221 |
276.694 |
124.659 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
53.119 |
55.088 |
56.552 |
|
Total Non-current
Liabilities (3) |
657.959 |
865.614 |
883.326 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1395.363 |
875.461 |
1812.400 |
|
(b) Trade
payables |
1196.083 |
1105.135 |
1166.299 |
|
(c) Other
current liabilities |
1936.409 |
440.622 |
655.964 |
|
(d) Short-term
provisions |
207.397 |
327.415 |
391.015 |
|
Total Current
Liabilities (4) |
4735.252 |
2748.633 |
4025.678 |
|
|
|
|
|
|
TOTAL |
9039.313 |
6461.680 |
6991.030 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2012.739 |
2159.224 |
2244.773 |
|
(ii)
Intangible Assets |
7.375 |
17.443 |
27.093 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
47.502 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3254.723 |
900.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
0.762 |
0.596 |
19.825 |
|
(e) Other
Non-current assets |
22.669 |
19.648 |
3.268 |
|
Total Non-Current
Assets |
5298.268 |
3096.911 |
2342.461 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
50.000 |
|
(b)
Inventories |
657.647 |
644.104 |
856.724 |
|
(c) Trade
receivables |
2490.941 |
2133.230 |
3433.199 |
|
(d) Cash
and cash equivalents |
59.592 |
143.655 |
77.658 |
|
(e)
Short-term loans and advances |
465.329 |
358.562 |
230.846 |
|
(f) Other
current assets |
67.536 |
85.218 |
0.142 |
|
Total
Current Assets |
3741.045 |
3364.769 |
4648.569 |
|
|
|
|
|
|
TOTAL |
9039.313 |
6461.680 |
6991.030 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
10438.022 |
10711.522 |
11707.454 |
|
|
Other Income |
98.142 |
32.910 |
17.596 |
|
|
TOTAL |
10536.164 |
10744.432 |
11725.050 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
5500.142 |
5662.711 |
6922.857 |
|
|
Purchases of
Stock-in-Trade |
99.144 |
96.006 |
46.174 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
62.578 |
21.719 |
187.641 |
|
|
Employee benefit expense |
540.983 |
555.729 |
527.730 |
|
|
CSR expenditure |
14.551 |
4.874 |
0.000 |
|
|
Other expenses |
3025.305 |
3394.148 |
3382.152 |
|
|
Exceptional items before tax |
(156.772) |
(423.129) |
0.000 |
|
|
TOTAL |
9085.931 |
9312.058 |
11066.554 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1450.233 |
1432.374 |
658.496 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
80.806 |
51.977 |
167.686 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1369.427 |
1380.397 |
490.810 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
168.891 |
215.802 |
235.668 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1200.536 |
1164.595 |
255.142 |
|
|
|
|
|
|
|
Less |
TAX |
401.868 |
399.188 |
75.873 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
798.668 |
765.407 |
179.269 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
27.868 |
14.588 |
45.449 |
|
|
TOTAL EARNINGS |
27.868 |
14.588 |
45.449 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
947.849 |
902.059 |
2066.693 |
|
|
Components and spare
parts |
71.779 |
115.060 |
208.108 |
|
|
Capital Goods |
4.088 |
0.000 |
33.321 |
|
|
TOTAL IMPORTS |
1023.716 |
1017.120 |
2308.122 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
26.59 |
25.48 |
5.97 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
244.854 |
210.399 |
115.903 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
2439.914 |
2637.256 |
(823.038) |
|
Net cash flows from (used in) operating activities |
2131.660 |
2362.238 |
(1039.020) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
87.10 |
72.69 |
107.04 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.19 |
5.02 |
3.41 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
77.97 |
70.05 |
61.08 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.21 |
2.22 |
0.77 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.72 |
0.66 |
0.28 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.58 |
0.54 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.53 |
0.57 |
1.26 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.30 |
0.97 |
1.93 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.55 |
0.76 |
1.11 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
17.95 |
27.56 |
3.93 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
7.65 |
7.15 |
1.53 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.84 |
11.85 |
2.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
21.90 |
26.88 |
8.61 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.79 |
1.22 |
1.15 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.65 |
0.99 |
0.94 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.40 |
0.44 |
0.30 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
6.38 |
5.39 |
8.76 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.79 |
1.22 |
1.15 |
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 |
300.420 |
300.420 |
300.420 |
|
Reserves & Surplus |
1781.606 |
2547.013 |
3345.682 |
|
Net
worth |
2082.026 |
2847.433 |
3646.102 |
|
|
|
|
|
|
Long-term borrowings |
702.115 |
533.832 |
277.619 |
|
Short term borrowings |
1812.400 |
875.461 |
1395.363 |
|
Current maturities of
long-term debts |
115.903 |
210.399 |
244.854 |
|
Total
borrowings |
2630.418 |
1619.692 |
1917.836 |
|
Debt/Equity
ratio |
1.263 |
0.569 |
0.526 |
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 |
11707.454 |
10711.522 |
10438.022 |
|
|
|
(8.507) |
(2.553) |
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 |
11707.454 |
10711.522 |
10438.022 |
|
Profit/ (Loss) |
179.269 |
765.407 |
798.668 |
|
|
1.53
% |
7.15
% |
7.65
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Deferred payment liabilities |
1.407 |
2.467 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Foreign currency term loans from banks |
922.106 |
745.711 |
|
Other loans and advances |
473.257 |
0.000 |
|
|
|
|
|
Total |
1396.770 |
748.178 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C76290048 |
10573913 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
11/05/2015 |
15/01/2016 |
- |
320000000.0 |
AMAR AVINASH CORPORATE CITY, SHOP NO. 6-7-8SURVEY NO.11, BUND GARDEN ROADPUNEMH411011IN |
|
2 |
B64106263 |
10391898 |
BANK OF BARODA |
29/10/2012 |
- |
- |
625000000.0 |
CORPORATE FINANCIAL SERVICES BRANCHMANTRI COURT, 39 AMBEDKAR ROADPUNEMH411001IN |
|
3 |
C36376358 |
90085908 |
BANK OF BARODA-LEAD BAN |
27/10/2001 |
18/11/2014 |
- |
3350000000.0 |
CORPORATE FINANCIAL SERVICES BRANCHMANTRI COURT, 39 AMBEDKAR ROADPUNEMH411001IN |
|
4 |
G10199750 |
10493330 |
STATE BANK OF INDIA |
21/03/2014 |
- |
20/08/2016 |
500000000.0 |
INDUSTRIAL FINANCE BRANCHTARA CHAMBERS, MUMBAI PUNE ROADPUNEMH411003IN |
|
5 |
C17825787 |
10368299 |
BANK OF MAHARASHTRA |
11/07/2012 |
- |
30/07/2014 |
1600000000.0 |
"YASHOMANGAL" 1183/A,1183/A, F.C. ROAD,PUNEMH411005IN |
|
6 |
B37945953 |
10216336 |
CANARA BANK |
06/04/2010 |
23/09/2010 |
13/04/2012 |
454600000.0 |
PRIME CORPORATE BRANCHM.G.ROAD,RED CROSS BLDG.,CAMPPUNEMH411001IN |
|
7 |
A98059785 |
10010872 |
BANK OF BARODA |
30/06/2006 |
- |
10/11/2010 |
120000000.0 |
CORPORATE FINANCIAL SERVICES,MANTRI COURT, 39 AMBEDKAR ROAD,PUNEMH411001IN |
|
8 |
A84171354 |
10070468 |
IDBI BANK LIMITED |
04/10/2007 |
29/08/2008 |
22/04/2010 |
462400000.0 |
IDBI TOWERWTC COMPLEXCUFFE PARADEMUMBAIMH400005IN |
|
9 |
A76494061 |
90086917 |
ICICI BANK LTD. |
04/08/2004 |
- |
23/12/2009 |
200000000.0 |
ICICI BANK TOWERSBANDRA KURLA COMPLEXMUMBAIMH400051IN |
|
10 |
A42768572 |
90086162 |
BANK OF BARODA |
26/08/2002 |
- |
01/08/2008 |
50000000.0 |
CORPORATE BANKING BRANCH ; MANTRI COURT39 ; DR. AMBEDKAR |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 66.77 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHR |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NKT |
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.