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|
MIRA INFORM REPORT
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Report No. : |
508255 |
|
Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
HIL LIMITED (w.e.f. 16.08.2012) |
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Formerly Known
As : |
HYDERABAD INDUSTRIES LIMITED |
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Registered
Office : |
Office No.1 and 2, L7th Floor, SLN Terminus, Survey No.133, Near Botanical Gardens, Gachibowli Kondapur Road, Hyderabad – 500032, Telangana |
|
Mob. No.: |
91-40-30999000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2018 |
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Date of
Incorporation : |
23.06.1955 |
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Com. Reg. No.: |
36-000656 |
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Capital
Investment / Paid-up Capital : |
INR 74.900 Million |
|
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CIN No.: [Company Identification
No.] |
L74999TG1955PLC000656 |
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IEC No.: [Import-Export Code No.] |
0988000253 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDH00015B |
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GSTN : [Goods & Service Tax
Registration No.] |
36AAACH2676Q1Z1 |
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TIN No.: |
36640185249 |
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PAN No.: [Permanent Account No.] |
AAACH2676Q |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Subject is engaged in the production and distribution of Building products, Thermal insulation products (Refractories) and generation of Wind Power. Building products includes Fibre Cement Sheets, Aerocon Panels, Fly Ash Bricks (AAC), Material Handling and Processing Plant and Equipment, Advanced Polymer Products and Coloured Steel Sheets. [Registered activity and also confirmed by management] |
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|
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No. of Employees
: |
1501 (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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
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 is a part of C.K. Birla Group and it was incorporated in the year 1955. It is engaged in production and distribution of building products, thermal insulation products (Refractories) and generation of Wind Power. As per financials of March 2018, the company has registered a growth of 6.39% in its revenue as compared to its previous year’s revenue and has reported decent profit margin of 6.09%. Rating takes into consideration the company’s long established track record of business operations marked by healthy net worth base along with low solvency indicators and good liquidity position. Rating takes into account the strong parentage support being part of C.K. Group, its sustenance of market leadership position in the domestic FC sheet industry. Share are quoted high on Stock Exchanges. (Share are traded at a price of INR 2360.15 against its face value of INR 10.) However, rating strength is partially offset by demand cyclicality in end-user industries and pricing pressures sue to intense competition in the FC sheet industry. Payments seems to be regular. In view of aforesaid, the company can be considered good 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 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA RATING |
|
Rating |
Long Term Rating = AA- |
|
Rating Explanation |
High degree of safety and very low credit risk |
|
Date |
26.07.2017 |
|
Rating Agency Name |
ICRA RATING |
|
Rating |
Short Term Rating = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
26.07.2017 |
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 15.05.2018.
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. K R Virappan |
|
Designation : |
Chief Financial Officer |
|
Contact No.: |
91-40-30999000 |
|
Date : |
09.05.2018 |
LOCATIONS
|
Registered Office : |
Office No.1 and 2, L7th Floor, SLN Terminus, Survey No.133, Near Botanical Gardens, Gachibowli Kondapur Road, Hyderabad – 500032, Telangana, India |
|
Tel. No.: |
91-40-30999000 |
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Fax No.: |
91-40-23702400 |
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E-Mail : |
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Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
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|
|
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Factory : |
Located at: 1.
Faridabad: Sector-25, Faridabad – 121004,
Haryana, India 2.
Jasidih: Industrial Area, Jasidih – 814142,
Jharkhand, India 3.
Hyderabad: Sanathnagar, Hyderabad – 500018,
Telangana , India 4.
Thrissur: Mulangunnathukukavu, Thrissur – 680581,
Kerala, India 5.
Sathariya: SIDA, Jaunpur District Sathariya –
222022, Uttar Pradesh, India 6.
Dharuhera: Plot No. 31, Rewari District Dharuhera
– 122106, Haryana, India 7.
Wada: Musarane Village, Thane District Wada –
421312, Maharashtra, India 8.
Golan Village: Valad Taluka, District Tapi – 394640,
Gujarat, India 9.
Thimmapur: Mahaboobnagar District Thimmapur –
509325, Andhra Pradesh, India 10.
Balasore: IDCO, Plot No. Z-2, IID Centre,
Somanthapure, Orissa, India 11.
Chennai: Kannigaiper Village, Tiravallur District
Chennai – 601102 Tamilnadu, India 12.
Kondapalli: Plot No. 289, IDA, Kondapalli,
Krishna District – 521228 Andhra Pradesh, India 13.
Jhajjar: Amadalshapur, Akeri Madanpur Village,
Tehsil-Matanhail, Jhajjar District – 124146, Haryana, India |
|
|
|
|
Sales Offices : |
Located At:
|
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Chandrakant Birla |
|
Designation : |
Director |
|
Address : |
24, Aurangzeb Road, New Delhi-110011, India |
|
Date of Birth/Age : |
09.01.1955 / 61 year |
|
Qualification : |
B.A |
|
Date of Appointment : |
04.02.1980 |
|
DIN No.: |
00118473 |
|
|
|
|
Name : |
Mr. Dhirup Roy Choudhary |
|
Designation : |
Managing Director |
|
Address : |
H-1546, Chittaranjan Park, New Delhi – 110019, India |
|
Date of Appointment : |
16.01.2017 |
|
DIN No.: |
07707322 |
|
|
|
|
Name : |
Mr. Desh Deepak Khetrapal |
|
Designation : |
Director |
|
Address : |
3/11, 1st Floor, Shanti Niketan, New Delhi – 110021, India |
|
Date of Appointment : |
28.10.2013 |
|
DIN No.: |
02362633 |
|
|
|
|
Name : |
Mrs. Gauri Rasgotra |
|
Designation : |
Director |
|
Address : |
6B, Block B, Hudco Place, Andrews Ganj, Delhi-110049,
India |
|
Date of Appointment : |
08.05.2014 |
|
DIN No.: |
06862334 |
|
|
|
|
Name : |
Mr. Pendyala Vaman Rao |
|
Designation : |
Director |
|
Address : |
Rock House, 42, Journalists Colony Road, No.3, Banjara
Hills, Hyderabad-500034, Telangana, India |
|
Date of Appointment : |
22.12.1987 |
|
DIN No.: |
00069771 |
|
|
|
|
Name : |
Mr. Yash Paul |
|
Designation : |
Director |
|
Address : |
G-139, Jeevan Niketan, Paschim Vihar, New Delhi-110087,
India |
|
Date of Appointment : |
30.01.2001 |
|
DIN No.: |
00580681 |
KEY EXECUTIVES
|
Name : |
Mr. Ganesan Manikandan |
|
Designation : |
Company Secretary |
|
Address : |
Eden A, 703, Lodha Casa Paradiso, Sanathnagar,
Hyderabad-500018, Telangana, India |
|
Date of Appointment : |
19.08.2015 |
|
PAN No.: |
ADEPM8008K |
|
|
|
|
Name : |
Mr. Karuppan Chetty Veerappan |
|
Designation : |
Chef Finance Officer |
|
Address : |
2D-104, Akme Harmony, Sarjapur Outer Ring Road, Bellandur
Gate, Bangaluru – 560103, Karnataka, India |
|
Date of Appointment : |
06.02.2014 |
|
PAN No.: |
AAOPV2899N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2018
|
Category of
shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares
(calculated as per SCRR, 1957)As a % of (A+B+C2) |
|
|
(A) Promoter & Promoter Group |
30,59,212 |
40.99 |
|
|
(B) Public |
44,03,351 |
59.01 |
|
|
Grand Total |
74,62,563 |
100.00 |
|
Statement
showing shareholding pattern of the Promoter and Promoter Group
|
Category of
shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares (calculated
as per SCRR, 1957)As a % of (A+B+C2) |
|
|
A1) Indian |
0.00 |
|
|
|
Individuals/Hindu undivided Family |
51,376 |
0.69 |
|
|
Chandra Kant Birla |
51,376 |
0.69 |
|
|
Any Other (specify) |
30,07,836 |
40.31 |
|
|
Amer Investments (Delhi) Limited |
3,08,763 |
4.14 |
|
|
Hitaishi Investments Limited |
67,066 |
0.90 |
|
|
Hyderabad Agencies Private Limited |
4,100 |
0.05 |
|
|
Orient Paper And Industries Limited |
9,06,360 |
12.15 |
|
|
Universal Trading Company Limited |
4,000 |
0.05 |
|
|
Central India Industries Limited |
10,74,634 |
14.40 |
|
|
Gwalior Finance Corporation Limited |
96,200 |
1.29 |
|
|
Ranchi Enterprises And Properties Limited |
4,500 |
0.06 |
|
|
Ashok Investment Corporation Limited |
3,17,743 |
4.26 |
|
|
Shekhavati Investments And Traders Limited |
2,24,470 |
3.01 |
|
|
Sub Total A1 |
30,59,212 |
40.99 |
|
|
A2) Foreign |
0.00 |
|
|
|
A=A1+A2 |
30,59,212 |
40.99 |
|
Statement
showing shareholding pattern of the Public shareholder
|
Category &
Name of the Shareholders |
Total no. shares held |
Shareholding % calculated as per SCRR, 1957 As a
% of (A+B+C2) |
|
|
B1) Institutions |
0.00 |
|
|
|
Mutual Funds/ |
1,66,232 |
2.23 |
|
|
Tata Mutual Fund- Tata Equity P/E Fund |
99,918 |
1.34 |
|
|
Alternate Investment Funds |
1,83,995 |
2.47 |
|
|
Sundaram Alternative Opportunities Fund - Nano Cap Series I |
1,38,585 |
1.86 |
|
|
Foreign Portfolio Investors |
2,21,657 |
2.97 |
|
|
Financial Institutions/ Banks |
15,062 |
0.20 |
|
|
Any Other (specify) |
1,22,000 |
1.63 |
|
|
Bodies Corporate |
1,22,000 |
1.63 |
|
|
Sub Total B1 |
7,08,946 |
9.50 |
|
|
B2) Central Government/ State Government(s)/ President of India |
0.00 |
|
|
|
Central Government/ State Government(s)/ President of India |
3,14,416 |
4.21 |
|
|
Governor of Andhra Pradesh |
3,05,552 |
4.09 |
|
|
Sub Total B2 |
3,14,416 |
4.21 |
|
|
B3) Non-Institutions |
0.00 |
|
|
|
Individual share capital upto INR 0.200 Million |
21,84,268 |
29.27 |
|
|
Individual share capital in excess of INR 0.200 Million |
1,95,428 |
2.62 |
|
|
ASIF ALLADIN |
84,354 |
1.13 |
|
|
Any Other (specify) |
10,00,293 |
13.40 |
|
|
Bodies Corporate |
8,47,851 |
11.36 |
|
|
Finquest Financial Solutions Private Limited |
3,60,175 |
4.83 |
|
|
Clearing Members |
18,344 |
0.25 |
|
|
Trusts |
3,500 |
0.05 |
|
|
Non-Resident Indian (NRI) |
1,11,247 |
1.49 |
|
|
IEPF |
19,351 |
0.26 |
|
|
Sub Total B3 |
33,79,989 |
45.29 |
|
|
B=B1+B2+B3 |
44,03,351 |
59.01 |
|
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the production and distribution of Building
products, Thermal insulation products (Refractories) and generation of Wind
Power. Building products includes Fibre Cement Sheets, Aerocon Panels, Fly
Ash Bricks (AAC), Material Handling and Processing Plant and Equipment,
Advanced Polymer Products and Coloured Steel Sheets. [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 : |
Not Divulged |
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Terms : |
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Selling : |
Advance Payment, Cheque and Credit (30 days) |
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Purchasing : |
Advance Payment, Cheque and Credit (30 days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
1501 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
SR Batliboi and Associates LLP Chartered Accountants |
|
Address : |
Oval Office, 18, Ilabs Centre, Hitech City, Madhpur, Hyderabad – 500081,
Telangana, India |
|
Tel. No.: |
91-40-67362000 |
|
Fax No.: |
91-40-67362200 |
|
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|
Memberships : |
Not Available |
|
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Collaborators : |
Not Available |
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Joint Venture : [AS
ON 31.03.2017] |
Supercor Industries Limited, Nigeria |
CAPITAL STRUCTURE
As on 31.03.2018
Authorised Capital : NOT AVAILABLE
Issued, Subscribed & Paid-up Capital : INR 74.900
Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9500000 |
Equity Shares |
INR 10/- each |
INR 95.000 Million |
|
50000 |
Preference Shares |
INR 100/- each |
INR 5.000 Million |
|
|
Total |
|
INR 100.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7462563 |
Equity Shares |
INR 10/- each |
INR 74.626
Million |
|
|
|
|
|
(a) Reconciliation of the shares outstanding at
the beginning and at the end of the reporting year
|
Equity shares |
31.03.2017 |
|
|
No. of Shares |
INR In Million |
|
|
At the beginning of the year |
7462563 |
74.898 |
|
Outstanding at the end of the year |
7462563 |
74.898 |
|
|
|
|
(b) Terms/rights attached to equity shares
The Company has only
one class of equity shares having a face value of INR 10/- each. Each holder of
equity share is entitled to one vote per share. The Company declares and pays
dividends in Indian Rupees. The dividend proposed by the Board of Directors is
subject to the approval of the shareholders in the ensuing Annual General
Meeting.
During the year ended
31st March, 2017, the amount of dividend per share recognized as distributions
to equity shareholders is INR 10/-, including interim dividend of INR 10/-
(Previous Year: INR 17.50/-, including interim dividend of INR 7.50/-).
In the event of liquidation
of the Company, the equity shareholders will be entitled to receive remaining
assets of the Company, after distribution of all preferential amounts. The
distribution will be in proportion to the number of equity shares held by the
shareholders.
(c) Details of shareholders holding more than
5% shares in the Company
|
Name of the
shareholder |
31.03.2017 |
|
|
No. of Shares |
% of Holding |
|
|
Central India Industries Limited |
1074634 |
14.40 |
|
Orient Paper and Industries Limited |
906360 |
12.15 |
|
|
|
|
As per records of the Company, including its
register of shareholders/ members, the above shareholding represents both legal
and beneficial ownerships of shares.
(d) Shares reserved for issue under Option
For details of shares reserved for issue under Employee Stock Option (ESOP) plan of the Company.
(e) Proposed
dividend on Equity Shares
The Board of
Directors have proposed dividend on equity shares after the balance sheet date
i.e. 31st March, 2017. The amount of dividend proposed is INR 10/ per share aggregating
to INR 89.818 Million (including dividend distribution tax of INR 15.192
Million), which is not accrued.
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
74.900 |
74.898 |
74.898 |
|
(b) Reserves &
Surplus |
5586.400 |
4939.232 |
4525.771 |
|
(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) |
5661.300 |
5014.130 |
4600.669 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
664.700 |
589.702 |
698.341 |
|
(b) Deferred tax
liabilities (Net) |
395.300 |
443.259 |
462.164 |
|
(c) Other long term
liabilities |
45.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
58.800 |
43.615 |
57.177 |
|
Total Non-current
Liabilities (3) |
1163.800 |
1076.576 |
1217.682 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
21.026 |
770.506 |
|
(b) Trade payables |
1963.000 |
1465.452 |
1251.588 |
|
(c) Other current
liabilities |
1304.300 |
1090.198 |
1036.255 |
|
(d) Short-term provisions |
94.500 |
89.947 |
187.700 |
|
Total Current Liabilities
(4) |
3361.800 |
2666.623 |
3246.049 |
|
|
|
|
|
|
TOTAL |
10186.900 |
8757.329 |
9064.400 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4497.200 |
4777.140 |
5006.266 |
|
(ii) Intangible Assets |
212.900 |
41.125 |
45.895 |
|
(iii) Capital
work-in-progress |
490.300 |
68.600 |
109.869 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
213.800 |
229.731 |
85.248 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
88.000 |
182.697 |
166.891 |
|
(e)Trade receivables |
0.900 |
0.923 |
1.023 |
|
(f) Other Non-current
assets |
223.800 |
1.811 |
5.011 |
|
Total Non-Current Assets |
5726.900 |
5302.027 |
5420.203 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1205.900 |
180.377 |
0.000 |
|
(b) Inventories |
1850.600 |
2062.045 |
2223.886 |
|
(c) Trade receivables |
996.600 |
863.682 |
1013.177 |
|
(d) Cash and cash
equivalents |
137.800 |
99.681 |
40.370 |
|
(e) Short-term loans and advances |
0.000 |
239.948 |
353.682 |
|
(f) Other current assets |
269.100 |
9.569 |
13.082 |
|
Total Current Assets |
4460.000 |
3455.302 |
3644.197 |
|
|
|
|
|
|
TOTAL |
10186.900 |
8757.329 |
9064.400 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
13250.500 |
10535.865 |
10962.771 |
|
|
Other Income |
236.400 |
242.799 |
122.181 |
|
|
TOTAL |
13486.900 |
10778.664 |
11084.952 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
5643.900 |
5165.978 |
5811.563 |
|
|
Purchases of
Stock-in-Trade |
373.000 |
523.189 |
437.909 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
298.000 |
8.242 |
-10.519 |
|
|
Excise Duty |
464.400 |
0.000 |
0.000 |
|
|
Employees benefits
expense |
1043.000 |
1201.875 |
1141.067 |
|
|
Other expenses |
3957.800 |
2614.980 |
2587.695 |
|
|
Exceptional Items |
0.000 |
68.805 |
27.557 |
|
|
TOTAL |
11780.100 |
9583.069 |
9995.272 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
1706.800 |
1195.595 |
1089.680 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
38.700 |
51.819 |
91.741 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
1668.100 |
1143.776 |
997.939 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
469.000 |
409.517 |
397.439 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1199.100 |
734.259 |
600.500 |
|
|
|
|
|
|
|
Less |
TAX |
391.600 |
188.610 |
203.876 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
807.500 |
545.649 |
396.624 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
1057.675 |
701.826 |
562.402 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
NA |
100.000 |
100.000 |
|
|
Dividend |
NA |
74.600 |
56.000 |
|
|
Proposed Final Divided on
Equity Shares |
NA |
0.000 |
74.600 |
|
|
Tax on Dividend |
NA |
15.200 |
26.600 |
|
|
Total (M) |
NA |
189.800 |
257.200 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
1865.175 |
1057.675 |
701.826 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
49.585 |
10.717 |
|
|
TOTAL EARNINGS |
NA |
49.585 |
10.717 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
1497.526 |
2236.274 |
|
|
Components and Stores
parts |
NA |
3.760 |
2.198 |
|
|
Traded Goods |
NA |
0.000 |
0.000 |
|
|
Capital Goods |
NA |
0.000 |
81.924 |
|
|
TOTAL IMPORTS |
NA |
1501.286 |
2320.396 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
27.03 |
73.12 |
53.15 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
108.641 |
108.369 |
|
Cash generated from operations |
NA |
1728.524 |
532.176 |
|
Net cash flow from operating activity |
NA |
1505.889 |
382.309 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
27.45 |
29.92 |
33.73 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
13.30 |
12.20 |
10.82 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
119.08 |
94.02 |
73.10 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.92 |
0.58 |
0.49 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.33 |
0.24 |
0.21 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.40 |
0.37 |
0.44 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.12 |
0.12 |
0.32 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.59 |
0.53 |
0.71 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.92 |
0.97 |
1.12 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
44.10 |
23.07 |
11.88 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
6.09 |
5.18 |
3.62 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
7.93 |
6.23 |
4.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
14.26 |
10.88 |
8.62 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.33 |
1.30 |
1.12 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.78 |
0.52 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.56 |
0.57 |
0.51 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
8.87 |
8.15 |
19.61 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.33 |
1.30 |
1.12 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
STOCK
PRICES
|
Face Value |
INR 10.00/- |
|
Market Value |
INR 2360.15/- |
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
74.898 |
74.898 |
74.900 |
|
Reserves & Surplus |
4525.771 |
4939.232 |
5586.400 |
|
Net worth |
4600.669 |
5014.130 |
5661.300 |
|
|
|
|
|
|
long-term borrowings |
698.341 |
589.702 |
664.700 |
|
Short term borrowings |
770.506 |
21.026 |
0.000 |
|
Total borrowings |
1468.847 |
610.728 |
664.700 |
|
Debt/Equity ratio |
0.319 |
0.122 |
0.117 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
10962.771 |
10535.865 |
13250.500 |
|
|
|
(3.894) |
25.766 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
10962.771 |
10535.865 |
13250.500 |
|
Profit |
396.624 |
545.649 |
807.500 |
|
|
3.62% |
5.18% |
6.09% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
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 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2018 (INR
in Million) |
31.03.2017 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Deferred Sales Tax Loan |
NA |
37.721 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Buyers credit from banks |
NA |
0.000 |
|
|
|
|
|
Total |
NA |
37.721 |
CORPORATE INFORMATION
[AS ON 31.03.2017]
The Company is engaged in the production and distribution of Building products, Thermal insulation products (Refractories) and generation of Wind Power. Building products includes Fibre Cement Sheets, Aerocon Panels, Fly Ash Bricks (AAC), Material Handling and Processing Plant and Equipment, Advanced Polymer Products and Coloured Steel Sheets. The Company presently has manufacturing facilities at Hyderabad, Faridabad, Jasidih, Dharuhera, Thimmapur, Jhajjar, Kondapalli, Chennai, Thrissur, Wada, Sathariya, Balasore and Golan. The Wind Turbine Generators has been setup in Gujarat, Tamil Nadu and Rajasthan.
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G76106798 |
100152753 |
HDFC BANK LIMITED |
11/01/2018 |
- |
- |
40000000.0 |
HDFC Bank House Senapati Bapat MargLower Parel WMumbaiMH400013IN |
|
2 |
B28433183 |
10324772 |
The Hongkong and Shanghai Banking Corporation Limited |
02/11/2011 |
- |
- |
250000000.0 |
6-3-1107 & 1108 Raj Bhavan RoadSomajigudaHyderabadAP500082IN |
|
3 |
G44475416 |
10325623 |
THE PRADESHIYA INDUSTRIAL AND INVESTMENT CORPORATION OF UTTAR PRADESH LIMITED |
03/03/2011 |
15/05/2017 |
- |
839562441.0 |
PICUP BHAWANGOMTI NAGARLUCKNOWU PUt226010IN |
|
4 |
G44475564 |
10160758 |
THE PRADESHIYA INDUSTRIAL AND INVESTMENT CORPORATION OF UTTAR PRADESH LIMITED |
16/05/2009 |
15/05/2017 |
- |
839562441.0 |
PICUP BHAWANGOMTI NAGARLUCKNOWU PUt226010IN |
|
5 |
Y10228994 |
90136189 |
CENTRAL BANK OF INDIA |
07/01/2003 |
- |
- |
10000000.0 |
BANK STREETHYDERABADAPIN |
|
6 |
Y10228971 |
90136166 |
CENTRAL BANK OF INDIA |
24/09/2002 |
- |
- |
10000000.0 |
BANK STREETHUDERABADAPIN |
|
7 |
Y10228873 |
90136068 |
STATE BANK OF HYDERABAD |
24/08/2001 |
- |
- |
50000000.0 |
SANATNAGARHYDERABADAP500018IN |
|
8 |
Y10228803 |
90135998 |
CENTRAL BANK OF INDIA |
19/09/2000 |
- |
- |
23200000.0 |
BANK STREETHYDERABADAPIN |
|
9 |
Y10225623 |
90132818 |
HOUSING DEVELOPMENT FINANCE CORP. LTD |
28/04/2000 |
17/03/2003 |
- |
60000000.0 |
HDFC HOUSE; B-6/3; SAFDARJUNG ENCLAVEDDA COMMERCIAL COMPLEX; OPPOSITE DEER PARKNEW DELHIDL110029IN |
|
10 |
Y10228770 |
90135965 |
STATE BANK OF HYDERABAD |
28/04/2000 |
- |
- |
60000000.0 |
SANATNAGARHYDERABADAPIN |
|
11 |
G03469822 |
90135956 |
STATE BANK OF HYDERABAD |
23/03/2000 |
03/05/2016 |
- |
930000000.0 |
State Bank of Hyderabad, Sanatnagar BranchSanathnagar Industrial EstateHyderabadTG500018IN |
|
12 |
Y10228744 |
90135939 |
CENTRAL BANK OF INDIA |
28/01/2000 |
- |
- |
23200000.0 |
BANK STREETKOTIHYDERABADAPIN |
|
13 |
Y10228740 |
90135935 |
STATE BANK OF HYDERABAD |
14/01/2000 |
19/03/2001 |
- |
117600000.0 |
GUNFOUNDRYHYDERABADAP500177IN |
|
14 |
Y10225535 |
90132730 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
28/09/1999 |
- |
- |
82400000.0 |
IDBI TOWERWTC COMPLEX; COLABAMUMBAIMH400005IN |
|
15 |
Y10228704 |
90135899 |
STATE BANK OF HYDERABAD |
20/08/1999 |
27/10/1999 |
- |
1183500000.0 |
GUNFOUNDRYHYDERABADAP500177IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
|
Demand raised by the Income tax authorities, being
disputed by the Company* |
NA |
192.961 |
|
Demands raised by Sales tax authorities, being disputed by
the Company** |
NA |
162.836 |
|
Demands (Including penalties) raised by Excise
authorities, being disputed by the Company*** |
NA |
265.294 |
|
Appeal filed by the
Company before the High Court of Judicature of Andhra Pradesh against the
decision of appeal in favour of the Income tax department pertaining to
wealth tax matter. |
NA |
5.698 |
|
|
|
|
FIXED ASSETS
- Freehold Land
- Buildings
- Railway Sidings
- Plant and Machinery
- Furniture and Fittings
- Office Equipment
- 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 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 67.32 |
|
|
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
RUB |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
YES |
|
--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.