|
|
|
MIRA INFORM REPORT
|
Report No. : |
508556 |
|
Report Date : |
12.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
POSCO – INDIA PUNE PROCESSING CENTER PRIVATE LIMITED (w.e.f.
19.05.2008) |
|
|
|
|
Formerly Known
As : |
POS-INDIA STEEL PROCESSING CENTRE PRIVATE LIMITED |
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|
|
Registered
Office : |
Plot No. A-9, Floriculture Park, Talegaon Industrial Area (MIDC), Village: Navlakh,
Umbre Taluka, District: Maval, Pune – 410507, Maharashtra |
|
Mob. No.: |
91-2114-308100 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
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Date of
Incorporation : |
24.11.2005 |
|
|
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|
Com. Reg. No.: |
11-021580 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1150.625 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27107PN2005PTC021580 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
3105019944 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AADCP7555R1ZJ |
|
|
|
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TIN No.: |
27280533294 |
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|
|
PAN No.: [Permanent Account No.] |
AADCP7555R |
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|
Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Subject is engaged in the business of import and processing of hot and cold roll steel. [Registered activity and also confirmed by management] |
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|
No. of Employees
: |
450 (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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Exist |
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|
|
Comments : |
Subject was incorporated in the year 2005. It is a subsidiary of Posco Company Limited, Korea which holds 65% stake in the company and remaining 35% is held by LG International Corporation, Korea. The company is engaged in importing and processing of hot and cold roll steel. As per the financial of 2017, the company has achieved 2.11% growth in its revenue as compared to the previous year along with average net profit margin of 1.81%. The company has sound capital structure. However, rating is constrained on account of negative reserve base. Rating is constrained on account of highly competitive and fragmented steel industry marked by its susceptibility to cyclicality inherent in its end-user industry and moderately large working capital requirements. Rating weakness is partially offset by the strong financial, managerial and technical support that the company receives from its holding company and its well- experience management team. 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 condition. |
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 |
CRISIL |
|
Rating |
Short term Bank Facilities = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
March 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 12.05.2018.
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. Amit Kumbhar |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-2114-308100 |
|
Date : |
11.05.2018 |
LOCATIONS
|
Registered Office / Factory 1 : |
Plot No. A-9, Floriculture Park, Talegaon Industrial Area (MIDC), Village: Navlakh,
Umbre Taluka, District: Maval, Pune – 410507, Maharashtra, India |
|
Tel. No.: |
91-2114-308100 |
|
Fax No.: |
91-2114-308146/ 7 |
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E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 2 : |
Plot No. 288, TSIIC, Phase – III, Pashamylaram, Hyderabad – 502307, Telangana, India |
|
Location : |
Owned |
|
|
|
|
Processing Facility
: |
Located At : · Pune · Bangalore · Hyderabad |
DIRECTORS
As on 31.03.2018
|
Name : |
Gwoang Gug Moon |
|
Designation : |
Managing director |
|
Address : |
Hotel Hyatt Regency Pune, Weikfield IT Park, Nagar Road, Pune – 411014, Maharashtra, India |
|
Date of Birth/Age : |
17.12.1965 |
|
Date of Appointment : |
19.02.2015 |
|
DIN No.: |
07102187 |
|
|
|
|
Name : |
Jae Doo Sung
Woo
Rho |
|
Designation : |
Director |
|
Address : |
B-6/7, Vasant Vihar, New Delhi – 110057, India |
|
Date of Birth/Age : |
30.12.1966 |
|
Date of Appointment : |
02.05.2006 |
|
DIN No.: |
01770910 |
KEY EXECUTIVES
|
Name : |
Ashish Arvind Parikh |
|
Designation : |
Company Secretary |
|
Address : |
Nakshatra I-Land, S.No.669, Flat No.C-102, Moshi-A Moshi
Chowk, Pune – 412105, Maharashtra, India |
|
Date of Appointment : |
09.04.2018 |
|
PAN No.: |
AXIPP8419P |
|
|
|
|
Name : |
Mr. Amit Kumbhar |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of holding |
|
Posco Company Limited Korea |
74787132 |
65.00 |
|
LG International Corporation, Korea |
40275330 |
35.00 |
|
Total |
115062462 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.10.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
65.00 |
|
Public - Bodies corporate |
35.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of import and
processing of hot and cold roll steel. [Registered activity and also
confirmed by management] |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Advance Payment, Cheque and Credit (30/60/90 days) |
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Purchasing : |
Advance Payment, Cheque and Credit (30/60/90 days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
450 (Approximately) |
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Bankers : |
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Auditors : |
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|
Name : |
B S R and Associates LLP Chartered Accountants |
|
Address : |
701-703, 7th Floor, Godrej Castlemaine, Next to Ruby Hall Clinic, Bund Garden Road, Pune – 411001, Maharashtra, India |
|
PAN
No.: |
AADFB6889R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
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|
Holding Company : |
POSCO Company Limited, Korea |
|
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|
Associate company : |
POSCO TMC India Private Limited |
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|
Fellow Subsidiary
Company : |
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CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
115062462 |
Equity Shares |
INR 10/- each |
INR 1150.625 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
115062462 |
Equity Shares |
INR 10/- each |
INR 1150.625
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees 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 |
1150.625 |
1150.625 |
1150.625 |
|
(b) Reserves and Surplus |
(130.953) |
(529.974) |
(620.741) |
|
(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) |
1019.672 |
620.651 |
529.884 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
33.028 |
24.584 |
83.006 |
|
Total Non-current
Liabilities (3) |
33.028 |
24.584 |
83.006 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
3266.013 |
4048.694 |
3489.988 |
|
(b) Trade
payables |
6036.914 |
5050.307 |
5790.252 |
|
(c) Other current
liabilities |
161.629 |
87.344 |
71.629 |
|
(d) Short-term
provisions |
27.899 |
95.447 |
1.180 |
|
Total Current
Liabilities (4) |
9492.455 |
9281.792 |
9353.049 |
|
|
|
|
|
|
TOTAL |
10545.155 |
9927.027 |
9965.939 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1329.807 |
1404.264 |
1404.957 |
|
(ii)
Intangible Assets |
2.738 |
4.581 |
6.518 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.401 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
260.915 |
260.915 |
260.915 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
178.411 |
84.238 |
61.166 |
|
(e) Other Non-current
assets |
10.437 |
9.924 |
71.328 |
|
Total Non-Current
Assets |
1782.308 |
1764.323 |
1804.884 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3772.589 |
3814.674 |
3818.879 |
|
(c) Trade
receivables |
4445.694 |
3817.125 |
3692.373 |
|
(d) Cash and
bank balances |
20.817 |
41.635 |
118.748 |
|
(e)
Short-term loans and advances |
523.747 |
489.270 |
531.055 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
8762.847 |
8162.704 |
8161.055 |
|
|
|
|
|
|
TOTAL |
10545.155 |
9927.027 |
9965.939 |
PROFIT
& LOSS ACCOUNT– (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
21995.691 |
21540.792 |
20054.924 |
|
|
Other Income |
110.420 |
78.076 |
68.927 |
|
|
TOTAL |
22106.111 |
21618.868 |
20123.851 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
20833.367 |
20230.645 |
18976.412 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(207.942) |
28.696 |
(38.176) |
|
|
Employee benefit expense |
241.319 |
215.880 |
185.784 |
|
|
Other expenses |
507.306 |
567.391 |
481.653 |
|
|
TOTAL |
21374.050 |
21042.612 |
19605.673 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
732.061 |
576.256 |
518.178 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
170.783 |
292.429 |
321.578 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
561.278 |
283.827 |
196.600 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
162.257 |
180.849 |
109.382 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
399.021 |
102.978 |
87.218 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
12.211 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
399.021 |
90.767 |
87.218 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
0.000 |
167.408 |
|
|
TOTAL EARNINGS |
0.000 |
0.000 |
167.408 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
5936.004 |
8199.141 |
8403.480 |
|
|
Components and spare
parts |
0.000 |
0.000 |
3.661 |
|
|
Capital Goods |
64.489 |
101.681 |
0.000 |
|
|
TOTAL IMPORTS |
6000.493 |
8300.822 |
8407.141 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.46 |
0.78 |
0.75 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
23050.000 |
|
|
|
|
|
Expected Sales (2018-2019) : INR 24000.000 Million [Due to business
growth]
The above information has been parted by Mr. Amit Kumbhar [Company
Secretary]
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
1073.195 |
(110.880) |
1393.171 |
|
Net cash flows from (used in) operating activities |
979.191 |
(119.318) |
1386.189 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
73.77 |
64.68 |
0.00 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
4.95 |
5.64 |
0.00 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
105.77 |
91.12 |
0.00 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.19 |
0.15 |
0.00 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.55 |
0.41 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2014 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.90 |
0.94 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
3.20 |
6.52 |
0.00 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
9.31 |
14.95 |
0.00 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
1.31 |
2.27 |
0.00 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
4.29 |
1.97 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
1.81 |
0.42 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
3.78 |
0.91 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
39.13 |
14.62 |
0.00 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2014 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
0.92 |
0.88 |
0.00 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.53 |
0.47 |
0.00 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.10 |
0.06 |
0.00 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
2.84 |
3.52 |
0.00 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
0.92 |
0.88 |
0.00 |
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 |
1150.625 |
1150.625 |
1150.625 |
|
Reserves & Surplus |
(620.741) |
(529.974) |
(130.953) |
|
Net
worth |
529.884 |
620.651 |
1019.672 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
3489.988 |
4048.694 |
3266.013 |
|
Total
borrowings |
3489.988 |
4048.694 |
3266.013 |
|
Debt/Equity
ratio |
6.586 |
6.523 |
3.203 |
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 |
20054.924 |
21540.792 |
21995.691 |
|
|
0.000 |
7.409 |
2.112 |
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 |
20054.924 |
21540.792 |
21995.691 |
|
Profit/ (Loss) |
87.218 |
90.767 |
399.021 |
|
|
0.43
% |
0.42
% |
1.81
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
III.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1150.625 |
1150.625 |
|
(b) Reserves and Surplus |
|
(150.623) |
(571.143) |
|
(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) |
|
1000.002 |
579.482 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
13.538 |
10.431 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
15.485 |
14.426 |
|
(d) long-term
provisions |
|
38.139 |
27.590 |
|
Total Non-current
Liabilities (3) |
|
67.162 |
52.447 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
3380.248 |
4226.826 |
|
(b) Trade
payables |
|
6625.582 |
5445.348 |
|
(c) Other
current liabilities |
|
243.794 |
211.475 |
|
(d) Short-term
provisions |
|
36.155 |
95.765 |
|
Total Current
Liabilities (4) |
|
10285.779 |
9979.414 |
|
|
|
|
|
|
TOTAL |
|
11352.943 |
10611.343 |
|
|
|
|
|
|
IV.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1687.972 |
1784.221 |
|
(ii)
Intangible Assets |
|
7.988 |
5.616 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.020 |
0.401 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
29.574 |
25.571 |
|
(c) Deferred tax assets (net) |
|
12.371 |
22.857 |
|
(d)
Long-term loans and advances |
|
211.787 |
106.244 |
|
(e) Other
Non-current assets |
|
10.437 |
10.066 |
|
Total Non-Current
Assets |
|
1960.149 |
1954.976 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
3820.691 |
3867.258 |
|
(c) Trade
receivables |
|
4890.502 |
4053.915 |
|
(d) Cash and
bank balances |
|
142.280 |
180.494 |
|
(e)
Short-term loans and advances |
|
537.027 |
508.692 |
|
(f) Other
current assets |
|
2.294 |
46.008 |
|
Total
Current Assets |
|
9392.794 |
8656.367 |
|
|
|
|
|
|
TOTAL |
|
11352.943 |
10611.343 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
25452.485 |
24430.115 |
|
|
Other Income |
|
107.575 |
77.020 |
|
|
TOTAL |
|
25560.060 |
24507.135 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
20960.741 |
20436.649 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(197.000) |
6.189 |
|
|
Employee benefit expense |
|
322.013 |
283.374 |
|
|
Other expenses |
|
3662.000 |
3116.148 |
|
|
TOTAL |
|
24747.754 |
23842.360 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
812.306 |
664.775 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
196.972 |
328.743 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
615.334 |
336.032 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
188.331 |
205.944 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
427.003 |
130.088 |
|
|
|
|
|
|
|
Less |
TAX |
|
10.486 |
6.253 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
416.517 |
123.835 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
3.62 |
1.07 |
LEGAL CASES
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 |
-- |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Intercorporate deposits |
1326.974 |
0.000 |
|
Loans repayable on demand from banks |
0.441 |
0.000 |
|
Working capital loans from banks |
0.000 |
990.000 |
|
Rupee term loans from banks |
1938.598 |
3058.694 |
|
|
|
|
|
Total |
3266.013 |
4048.694 |
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Factory equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer 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 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 67.22 |
|
|
1 |
INR 90.88 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
RUB |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.