|
|
|
MIRA INFORM REPORT
|
Report No. : |
508721 |
|
Report Date : |
17.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMARA RAJA INFRA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Renigunta-Cuddapah Road, Karakambadi, Tirupati – 517520, Andhra
Pradesh |
|
Tel. No.: |
91-40-23139000 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
29.05.2008 |
|
|
|
|
Com. Reg. No.: |
01-059398 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 110.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40102AP2008PTC059398 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
0910027897 |
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|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
37AAHCA1764F1ZR |
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|
|
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TIN No.: |
37026624841 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAHCA1764F |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
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|
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No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 3800000 |
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|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
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Litigation : |
Clear |
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|
|
Comments : |
Subject is part of Amara Raja Group and it was incorporated in the year 2008. It is engaged in construction activity. As per financials of March 2017, the company has registered a growth of 19.31% in its revenue as compared to its previous year’s revenue and has reported decent profit margin of 7.58%. Rating takes into consideration the company’s satisfactory track record of business operations marked by sound net worth base along with debt free balance sheet and decent liquidity position. Rating also takes into account the support received from its group companies and healthy order book. Further, the company has reported a good earnings per share of INR 24.05 against its face value of INR 10. However, rating strength is partially offset by susceptibility to intense competition in the civil construction industry. Payments 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 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term : BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
17.04.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
17.04.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 17.05.2018
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 (GENERAL DETAILS)
|
Name : |
Mr. Shiva |
|
Designation : |
Accountant |
|
Contact No.: |
91-40-23139000 |
|
Date : |
11.05.2018 |
LOCATIONS
|
Registered Office : |
Renigunta-Cuddapah Road, Karakambadi, Tirupati – 517520, Andhra
Pradesh, India |
|
Tel. No.: |
91-877-2265000 |
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Fax No.: |
91-877-2285600 |
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E-Mail : |
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|
Website : |
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|
|
|
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Corporate Operations Office: |
Terminal A, 1-18/1/AMR/NR, Nanakramguda, Gachibowli, Hyderabad –
500032, India |
|
Tel. No.: |
91-40-23139000 |
|
Fax No.: |
91-40-23139001 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Galla Ramachandra Naidu |
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Designation : |
Director |
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Address : |
Giridrushya Renigunta-Cuddapah Road, Karakambadi, Tirupati - 517520 Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
01.06.1938 |
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Qualification: |
ME, MS |
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Date of Appointment : |
29.05.2008 |
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DIN No.: |
00133761 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Galla Jayadev |
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|
Designation : |
Director |
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|
Address : |
H.No.A-54, Road No.11, Film Nagar, Jubilee Hills,
Hyderabad – 500034, Telangana, India |
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Date of Birth/Age : |
24.03.1966 |
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Qualification: |
B.A |
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Date of Appointment : |
29.05.2008 |
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DIN No.: |
00143610 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Ms. Ramadevi Gourineni |
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Designation : |
Managing Director |
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|
Address : |
Amara Raja Complex, Renigunta -Cuddapah Road Karakambadi
Tirupati - 517520 Andhra Pradesh, India |
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Date of Birth/Age : |
13/07/1950 |
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Qualification: |
Graduate |
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|
Date of Appointment : |
21.07.2016 |
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DIN No.: |
01347211 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Ms. Padmavathi Galla |
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Designation : |
Director |
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|
Address : |
A-54, Road No.11, Film Nagar, Jubilee Hills, Hyderabad -
500034, Telangana, India |
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Date of Appointment : |
25.09.2017 |
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DIN No.: |
00143767 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Gourineni Vikramadithya |
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Designation : |
Director |
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|
Address : |
A-54, Road No. 11, Film Nagar Near Saibaba Temple, Jubilee
Hills, Hyderabad- 500033, Telangana, India |
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Date of Appointment : |
02.09.2016 |
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DIN No.: |
03167659 |
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Other Directorship:
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Name : |
Mr. Harshavardhana Gourineni |
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Designation : |
Director |
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|
Address : |
A-54, Road No. 11, Film Nagar Near Saibaba Temple, Jubilee
Hills, Hyderabad- 500033, Telangana, India |
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Date of Appointment : |
02.09.2016 |
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DIN No.: |
07311410 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Shiva |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Ramachndra N Galla* |
|
7243000 |
|
Amara Kumari Galla* |
|
750000 |
|
Jayadev Galla* |
|
5000 |
|
Ramadevi Gourineni* |
|
1501000 |
|
G B R K Prasad * |
|
1501000 |
|
Total |
|
11000000 |
Note: * as on March 31, 2017, M/S RNGalla Family and Co. a partnership firms holds the beneficial interest on the equity shares held by the above mentioned shareholders.
Equity Share Break up (Percentage of Total Equity)
AS ON 25.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
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|
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Products / Services
: |
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||||
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Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
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Exports : |
|
||||
|
Products : |
Batteries |
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Countries : |
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||||
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|
||||
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Imports : |
|
||||
|
Products : |
Batteries |
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|
Countries : |
United Arab Emirates |
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|
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|
||||
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Terms : |
|
||||
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Selling : |
Advance Payment, Cheque and Credit |
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|
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|
||||
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Purchasing : |
Advance Payment, Cheque and Credit |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
||||||||||||||||||||||
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Customers : |
Wholesalers and End Users
|
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|
|
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|
No. of Employees : |
150 (Approximately) |
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Sagar and Associates Chartered Accountants |
|
Address : |
H. No .6-3-244/5,Sarada Devi Street, Prem Nagar, Hyderabad -500004, Telangana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAJFS7295N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
INR 10/- each |
INR 110.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
INR 10/- each |
INR 110.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
110.000 |
80.000 |
80.000 |
|
(b) Reserves and Surplus |
1224.020 |
839.483 |
615.961 |
|
(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) |
1334.020 |
919.483 |
695.961 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
11.283 |
45.130 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
147.322 |
62.219 |
133.471 |
|
(d) long-term
provisions |
8.108 |
6.652 |
5.813 |
|
Total Non-current
Liabilities (3) |
155.430 |
80.154 |
184.414 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
62.002 |
92.997 |
|
(b) Trade
payables |
487.211 |
232.969 |
240.053 |
|
(c) Other current
liabilities |
622.343 |
464.703 |
462.506 |
|
(d) Short-term
provisions |
168.209 |
126.591 |
140.986 |
|
Total Current
Liabilities (4) |
1277.763 |
886.265 |
936.542 |
|
|
|
|
|
|
TOTAL |
2767.213 |
1885.902 |
1816.917 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
224.204 |
182.484 |
195.628 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
580.426 |
444.138 |
254.471 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
21.483 |
16.445 |
12.885 |
|
(d)
Long-term loans and advances |
0.011 |
0.430 |
4.808 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
826.124 |
643.497 |
467.792 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
574.329 |
184.323 |
165.886 |
|
(b)
Inventories |
241.340 |
412.195 |
515.542 |
|
(c) Trade
receivables |
650.335 |
345.053 |
151.504 |
|
(d) Cash and
bank balances |
155.779 |
7.939 |
8.030 |
|
(e)
Short-term loans and advances |
298.545 |
241.805 |
286.025 |
|
(f) Other
current assets |
20.761 |
51.090 |
222.138 |
|
Total
Current Assets |
1941.089 |
1242.405 |
1349.125 |
|
|
|
|
|
|
TOTAL |
2767.213 |
1885.902 |
1816.917 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3491.055 |
2926.062 |
2502.503 |
|
|
Other Income |
9.161 |
4.250 |
14.843 |
|
|
TOTAL |
3500.216 |
2930.312 |
2517.346 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2283.672 |
1559.039 |
1277.453 |
|
|
Purchases of
Stock-in-Trade |
397.860 |
716.437 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
89.862 |
89.571 |
(64.496) |
|
|
Employee benefit expense |
193.552 |
136.282 |
100.844 |
|
|
CSR expenditure |
8.600 |
3.505 |
1.602 |
|
|
Other expenses |
51.573 |
28.212 |
752.977 |
|
|
TOTAL |
3025.119 |
2533.046 |
2068.380 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
475.097 |
397.266 |
448.966 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.903 |
11.216 |
20.266 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
474.194 |
386.050 |
428.700 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
39.473 |
36.547 |
23.482 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
434.721 |
349.503 |
405.218 |
|
|
|
|
|
|
|
Less |
TAX |
170.184 |
125.981 |
142.072 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
264.537 |
223.522 |
263.146 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
24.05 |
27.94 |
32.89 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
653.857 |
274.861 |
414.023 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
560.357 |
212.961 |
477.623 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
67.99 |
43.04 |
22.10 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.37 |
8.48 |
16.52 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
66.32 |
37.37 |
68.59 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.97 |
0.96 |
0.87 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.59 |
0.63 |
1.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.46 |
0.48 |
0.54 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.08 |
0.20 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.96 |
0.96 |
1.35 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.60 |
0.68 |
0.65 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
526.13 |
35.42 |
22.15 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
7.58 |
7.64 |
10.52 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
9.56 |
11.85 |
14.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
19.83 |
24.31 |
37.81 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.52 |
1.40 |
1.44 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.33 |
0.94 |
0.89 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.48 |
0.49 |
0.38 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.92 |
1.73 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.52 |
1.40 |
1.44 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
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 |
80.000 |
80.000 |
110.000 |
|
Reserves & Surplus |
615.961 |
839.483 |
1224.020 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
695.961 |
919.483 |
1334.020 |
|
|
|
|
|
|
Long-term borrowings |
45.130 |
11.283 |
0.000 |
|
Short term borrowings |
92.997 |
62.002 |
0.000 |
|
Total
borrowings |
138.127 |
73.285 |
0.000 |
|
Debt/Equity
ratio |
0.198 |
0.080 |
0.000 |
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 |
2502.503 |
2926.062 |
3491.055 |
|
|
|
16.925 |
19.309 |
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 |
2502.503 |
2926.062 |
3491.055 |
|
Profit/ (Loss) |
263.146 |
223.522 |
264.537 |
|
|
10.52
% |
7.64
% |
7.58
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
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 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 |
OPERATIONS AND OUTLOOK
The Companys
income stood at 3500.216 Million for the year ended March 31, 2017 as against
INR 2930.312 Million for the previous year, registering a growth of 19.45% over
the previous year. The profit after tax stood at INR 264.537 Million for the
year ended March 31, 2017 as compared to previous year of 223.522 Million.
During the period,
the Company continued the projects in progress from the previous financial year
both internal and external projects, and also the development of Infrastructure
at ARGC continued at brisk pace with development of Roads, water
infrastructure, and setting up of Sewage Treatment Plant project. Company is in
the process of building capabilities to meet the challenges of present day
market requirements and challenges in the complex projects.
The Company had
undertaken various infrastructure related development works which includes
major projects like Interior works at Terminal A 6th floor, Plastics Plant, Fasteners
plant, and Central Kitchen for group companies and API facility for Escientia.
Construction of Hospital at Karakambadi G+ 7 structures with 6.30 lakh sft
built up area is happening at brisk pace and shell and core is completed as per
schedule, this building is the First HIRISE building to be constructed in-house
without sub-contracting.
During the year,
the company has bagged orders worth 100 Crores from Manjeera Constructions
towards construction of hi rise residential towers at Amaratvati region and 56
Crores from prestigious educational institute BITS Pilani towards construction
of Academic blocks and hostels at their Hyderabad campus.
The Company is
partnering with ARPSL and executing T&D projects in various locations of
A.P & Telangana. Company is also supporting ARPSL during the tendering
stage and able to provide competitive tenders. Registered their profile with
various Govt organizations / PSUs and participating in Tendering. The Company
continues to add latest technology equipment and plant & machinery to
optimize the construction cost, speed up the projects and to meet the delivery
time lines of the customers.
The Company
strengthened the required organizational capabilities, mobilized the resources
for executing large scale projects in Industrial/residential and MEP sectors at
multiple locations. Also the Company inducted new talent at S/M grades,
conducted several training programs on leadership development and best
practices of project management to improve the effectiveness and efficiency of
operations.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G37040623 |
100079969 |
HDFC
BANK LIMITED |
01/02/2017 |
- |
340000000.0 |
HDFC BANK
HOUSE, SENAPATI BAPAT MARGLOWER PARELMUMBAIMH400013IN |
|
2 |
B74724980 |
10136797 |
STATE
BANK OF INDIA |
15/12/2008 |
19/03/2013 |
160000000.0 |
SETTIPALLI
BRANCH, RENIGUNTA ROADTIRUPATIAP517506IN |
FIXED ASSETS:
Tangible assets
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
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 67.53 |
|
|
1 |
INR 91.49 |
|
Euro |
1 |
INR 80.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHI |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major sections
of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.