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|
MIRA INFORM REPORT
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Report No. : |
507686 |
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Report Date : |
10.05.2018 |
IDENTIFICATION DETAILS
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Name : |
DEWAS METAL SECTIONS LIMITED (w.e.f. 05.09.1994) |
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Formerly Known
As : |
DEWAN METAL SECTIONS PRIVATE LIMITED |
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Registered
Office : |
Gram Amona, A.B. Road, Infront of Shaghvi Foods, Dewas –
455001, Madhya Pradesh |
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Tel. No.: |
91-7272-258526 / 27/ 258850 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
23.03.1979 |
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Com. Reg. No.: |
10-001501 |
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Capital
Investment / Paid-up Capital : |
INR 38.845 Million |
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CIN No.: [Company Identification
No.] |
U02710MP1979PLC001501 |
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IEC No.: [Import-Export Code No.] |
1101000538 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCD0739K |
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GSTN : [Goods & Service Tax
Registration No.] |
23AABCD0739K1ZV |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in manufacturing and selling metal sections and components. (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 |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1979 and It is a manufacturer and
seller of metal sections and components. For the financial year 2017, the revenue of the company has increased
by 2.89% along with average profit margin of 1.14%. The rating takes into consideration the satisfactory financial profile
of the company marked by adequate networth base and comfortable debt coverage
indicators along with favourable gap between trade payables and trade
receivables. The rating takes into consideration the subject’s long established
track record of business operations along with extensive experience of its
promoters Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based=BB+ |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
07.07.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based=A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
07.07.2017 |
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 10.05.2018
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
Management non-cooperative (Tel No.:
91-7272-258526/27)
LOCATIONS
|
Registered Office/ Factory 1 : |
Gram Amona, A.B. Road, Infront of Shaghvi Foods, Dewas –
455001, Madhya Pradesh, India |
|
Tel. No.: |
91-7272-258526 / 27/ 258850 |
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Fax No.: |
91-7272-258872 |
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E-Mail : |
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Website : |
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Factory 2: |
Gate No. 670/2 A, Koregoan Bhima, Taluka Shirur,
Pune – 412208, Maharashtra, India |
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Tel. No |
91-2137-321698 |
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Fax no.: |
91-2137-252252 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Anjan Shah |
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Designation : |
Whole-Time Director |
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Address : |
16 FG, Sch. No. 54, Indore - 452010, Madhya Pradesh, India |
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Date of Birth/Age : |
20.06.1981 |
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Qualification : |
PGDM (MBA) |
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Date of Appointment : |
01.04.2008 |
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PAN No.: |
AVKPS9159D |
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DIN No.: |
00696395 |
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Other Directorship :
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Name : |
Mr. Krishnakishore Nagar |
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Designation : |
Director |
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Address : |
Bangla No. 3, 11, Banglow Colony, Behind 56 Shops, Indore - 452001,
Madhya Pradesh, India |
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Date of Birth/Age : |
15.02.1946 |
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Qualification : |
Diploma in Mechanical Engineering |
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Date of Appointment : |
25.03.1998 |
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PAN No.: |
AAQPN1376G |
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DIN No.: |
00247162 |
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Other Directorship :
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Name : |
Aradhya Baheti |
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Designation : |
Director |
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Address : |
22, Old Palasia, Bombay Agra Road, Indore - 452001, Madhya Pradesh,
India |
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Date of Birth/Age : |
22.05.1980 |
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Qualification : |
MBA |
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Date of Appointment : |
30.10.2001 |
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PAN No.: |
AIAPB2081N |
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DIN No.: |
00660745 |
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Other Directorship :
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Name : |
Mr. Ramchandra Airen |
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Designation : |
Director |
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Address : |
6/2, New Palasia, opposite Community Hall, Indore - 452001, Madhya
Pradesh, India |
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Date of Birth/Age : |
09.01.1951 |
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Qualification : |
M.COM, MBA |
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Date of Appointment : |
23.03.1994 |
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PAN No.: |
ABDPA8432G |
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DIN No.: |
01564002 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Mukesh Patel |
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Designation : |
Chief Financial Officer |
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Address : |
17-B Mahavir Nagar Dewas, Dewas- 455001, Madhya Pradesh, India |
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Date of Appointment : |
31.07.2014 |
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PAN No.: |
AGZPP9485D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
NOTE: SHAREHOLDING DETAILS FILES ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 22.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
52.66 |
|
Promoters (Body corporate) |
22.24 |
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Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
17.89 |
|
Public/Other than promoters (Body corporate) |
7.21 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in manufacturing and selling metal sections and components. (Registered Activity) |
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Products : |
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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 declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
P.D. Nagar and Company Chartered Accountants |
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Address : |
403, City Plaza, 564, M G Road, Indore – 452001, Madhya Pradesh, India |
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Income-tax
PAN of auditor or auditor's firm : |
AASPN6728J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which
are owned, or have significant influence of or are
partners with Key management
personnel and their relatives : |
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CAPITAL STRUCTURE
After 22.09.2017
Authorised Capital : INR 55.000 Million
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
3886400 |
Equity Shares |
INR 10/- each |
INR 38.864
Million |
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As on 22.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
4500000 |
Equity Shares |
INR 10/- each |
INR 45.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3886400 |
Equity Shares |
INR 10/- each |
INR 38.864
Million |
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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 |
|
|
|
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(a) Share Capital |
38.845 |
38.845 |
38.845 |
|
(b) Reserves &
Surplus |
217.450 |
203.169 |
173.894 |
|
(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) |
256.295 |
242.014 |
212.739 |
|
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||
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(3) Non-Current
Liabilities |
|
||
|
(a) long-term borrowings |
131.782 |
127.318 |
121.175 |
|
(b) Deferred tax
liabilities (Net) |
36.666 |
32.458 |
27.369 |
|
(c) Other long term
liabilities |
0.939 |
0.939 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
169.387 |
160.715 |
148.544 |
|
|
|
||
|
(4) Current Liabilities |
|
||
|
(a) Short term borrowings |
222.791 |
238.995 |
205.809 |
|
(b) Trade payables |
122.697 |
75.346 |
38.945 |
|
(c) Other current
liabilities |
99.975 |
43.856 |
59.811 |
|
(d) Short-term provisions |
14.954 |
23.704 |
12.247 |
|
Total Current Liabilities
(4) |
460.417 |
381.901 |
316.812 |
|
|
|
||
|
TOTAL |
886.099 |
784.630 |
678.095 |
|
|
|
||
|
II.
ASSETS |
|
||
|
(1) Non-current assets |
|
||
|
(a) Fixed Assets |
|
||
|
(i) Tangible assets |
318.229 |
265.554 |
216.321 |
|
(ii) Intangible Assets |
3.848 |
4.707 |
2.040 |
|
(iii) Capital
work-in-progress |
21.526 |
34.287 |
72.304 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
1.539 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.543 |
11.522 |
2.719 |
|
(e) Other Non-current
assets |
2.300 |
2.542 |
0.689 |
|
Total Non-Current Assets |
349.446 |
318.612 |
295.612 |
|
|
|
||
|
(2) Current assets |
|
||
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
242.408 |
213.934 |
124.369 |
|
(c) Trade receivables |
174.250 |
162.818 |
192.213 |
|
(d) Cash and cash
equivalents |
15.753 |
20.636 |
12.553 |
|
(e) Short-term loans and
advances |
104.196 |
68.250 |
53.061 |
|
(f) Other current assets |
0.046 |
0.380 |
0.287 |
|
Total Current Assets |
536.653 |
466.018 |
382.483 |
|
|
|
||
|
TOTAL |
886.099 |
784.630 |
678.095 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1230.630 |
1195.977 |
1321.206 |
|
|
Other Income |
9.903 |
5.651 |
7.752 |
|
|
TOTAL |
1240.533 |
1201.628 |
1328.958 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1000.857 |
932.513 |
1098.620 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(26.814) |
13.928 |
15.392 |
|
|
Employees benefits
expense |
54.599 |
51.753 |
47.849 |
|
|
Other expenses |
107.135 |
81.673 |
78.669 |
|
|
TOTAL |
1135.777 |
1079.867 |
1240.530 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
104.756 |
121.761 |
88.428 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
54.662 |
53.999 |
63.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
50.094 |
67.762 |
25.428 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
26.786 |
24.374 |
20.973 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
23.308 |
43.388 |
4.455 |
|
|
|
|
|
|
|
Less |
TAX |
9.287 |
14.113 |
1.275 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
14.021 |
29.275 |
3.180 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
3.12 |
7.53 |
14.723 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
35.923 |
31.282 |
33.484 |
|
Net cash flows from (used in) operations |
143.685 |
126.399 |
49.196 |
|
Net cash flows from (used in) operating activities |
83.455 |
59.841 |
(16.343) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
51.68 |
49.69 |
53.10 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.06 |
7.35 |
6.87 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
44.75 |
29.49 |
12.94 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.43 |
0.57 |
0.71 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.30 |
0.40 |
0.30 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.71 |
0.69 |
0.70 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.52 |
1.64 |
1.69 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.80 |
1.58 |
1.49 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.34 |
1.26 |
1.37 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.92 |
2.25 |
1.40 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.14 |
2.45 |
0.24 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.58 |
3.73 |
0.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
5.47 |
12.10 |
1.49 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.17 |
1.22 |
1.21 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.64 |
0.66 |
0.81 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.29 |
0.31 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
10.05 |
10.24 |
9.28 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.17 |
1.22 |
1.21 |
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 |
38.845 |
38.845 |
38.845 |
|
Reserves & Surplus |
173.894 |
203.169 |
217.450 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
212.739 |
242.014 |
256.295 |
|
|
|
|
|
|
long-term borrowings |
121.175 |
127.318 |
131.782 |
|
Short term borrowings |
205.809 |
238.995 |
222.791 |
|
Current maturities of
long-term debts |
33.484 |
31.282 |
35.923 |
|
Total
borrowings |
360.468 |
397.595 |
390.496 |
|
Debt/Equity
ratio |
1.694 |
1.643 |
1.524 |
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 |
1321.206 |
1195.977 |
1230.630 |
|
|
|
-9.478 |
2.897 |
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 |
1321.206 |
1195.977 |
1230.630 |
|
Profit |
3.180 |
29.275 |
14.021 |
|
|
0.24% |
2.45% |
1.14% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
The company having its registered office at GRAM-AMONA, A.B.ROAD, DEWAS is a limited company in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in manufacturing and selling Metal sections and components.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from others |
41.025 |
27.240 |
|
Loans and advances from directors |
5.200 |
6.000 |
|
Intercorporate deposits |
22.412 |
20.912 |
|
Short-term
borrowings |
|
|
|
Intercorporate deposits |
6.638 |
5.038 |
|
Loans and advances from related parties |
6.500 |
6.000 |
|
Total |
81.775 |
65.190 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G77125268 |
10176142 |
State Bank of India |
05/08/2009 |
25/01/2018 |
- |
593600000.0 |
Commercial Branch A.B. Road (Near GPO) Indore MADHYA PRADESH 455001 INDIA |
|
2 |
B95757829 |
90210571 |
MADHYA PRADESH FINANCIAL CORPORATION |
10/12/2001 |
- |
07/02/2014 |
5000000.0 |
INDORE INDORE MADHYA PRADESH INDIA |
|
3 |
B95751681 |
90201475 |
MADHYA PRADESH FINANCIAL CORPORATION LTD |
23/11/1984 |
- |
07/02/2014 |
1980000.0 |
BOMBAY AGRA ROAD INDORE MADHYA PRADESH INDIA |
|
4 |
B95756995 |
90201678 |
MADHYA PRADESH FINANCIAL CORPORATION |
10/03/1997 |
- |
07/02/2014 |
6000000.0 |
A.B. ROAD DEWAS MADHYA PRADESH INDIA |
|
5 |
B95758397 |
90201861 |
MADHYA PRADESH FINANCIAL CORPORATION |
10/12/2001 |
- |
07/02/2014 |
5000000.0 |
INDORE INDORE MADHYA PRADESH INDIA |
|
6 |
B96892641 |
10194601 |
Madhya Pradesh Financial Institution |
07/01/2010 |
09/03/2011 |
07/02/2014 |
387400000.0 |
Zonal Office : Indore Zone - II Navratan Bagh Opposite St. Paul School Indore MADHYA PRADESH 452001 INDIA |
|
7 |
B95763033 |
10194459 |
Madhya Pradesh Financial Corporation |
07/01/2010 |
- |
07/02/2014 |
192500000.0 |
Zonal Office : Indore Zone - II Navratan Bagh Opp St Paul School Indore MADHYA PRADESH 452001 INDIA |
|
8 |
B95761581 |
90209910 |
MADHYA PRADESH FINANCIAL CORPORATION FINANCE HOUSE |
18/03/2005 |
- |
07/02/2014 |
5000000.0 |
FINANCE HOUSE BOMBAY AGAR ROAD INDORE MADHYA PRADESH INDIA |
|
9 |
B95753281 |
90207797 |
MADHYA PRADESH FINANCIAL CORPORATION FINANCE HOUSE |
30/03/1996 |
- |
07/02/2014 |
6000000.0 |
A.B ROAD INDORE MADHYA PRADESH INDIA |
|
10 |
B95749511 |
90208844 |
MADHYA PRADESH FINANCIAL CORPORATION |
30/03/2001 |
- |
07/02/2014 |
7000000.0 |
BOMBAY AGAR ROAD INDORE MADHYA PRADESH INDIA |
FIXED ASSETS
·
Land
·
Buildings
·
Furniture and Fixtures
·
Vehicles
·
Factory Equipment’s
·
Plant and Equipment
·
Other plant and Equipment
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 66.66 |
|
|
1 |
INR 90.66 |
|
Euro |
1 |
INR 80.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
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 |
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.