|
|
|
MIRA
INFORM REPORT
|
Report No. : |
509820 |
|
Report Date : |
18.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
GOA CARBON LIMITED |
|
|
|
|
Registered
Office : |
Dempo House, Campal, Panaji – 403001, Goa |
|
Tel. No.: |
91-832-2860363 to 68 / 2860336 / 2861052 / 2441300 / 2441458 /
2441354 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2018 |
|
|
|
|
Date of
Incorporation : |
22.06.1967 |
|
|
|
|
Com. Reg. No.: |
24-000076 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 91.511 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L23109GA1967PLC000076 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG6842K |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
The Company is engaged in the Manufacture and Sale of Calcined Petroleum Coke. (Registered activity) |
|
|
|
|
No. of Employees
: (As on 31.03.2017) |
216 (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 |
|
Maximum Credit Limit : |
USD 3600000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
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|
Comments : |
Subject is
an established company incorporated in the year 1967 and it is having fine
track records. For the
financial year 2018, the company healthy increased in its revenue from
operation as compared to previous year and maintained decent profitability
margin of 9.17%. Rating
takes into consideration sound financial profile of the company marked by
healthy networth base and average debt balance sheet. Further,
rating also derives strength from its experienced management and established
track record of operations along with market position of GCL as one of the
leading calcined petroleum coke (CPC) manufacturers in India, its healthy
relationship with major international suppliers of raw petroleum coke (RPC)
and its reputed customer base. Further,
Share price are quoted high on stock exchange (Share Price of INR 723 with
face value of INR 10). However,
rating strength is partially offset by working capital intensive operations. Trade
relations are reported as fair. Business is active. Payments terms are
reported to be regular. In view of the 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 |
SMERA |
|
Rating |
Long Term Rating = BBB+ |
|
Rating Explanation |
Moderated degree of safety and moderate
credit risk. |
|
Date |
29.12.2017 |
|
Rating Agency Name |
SMERA |
|
Rating |
Short Term Rating = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
29.12.2017 |
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 18.05.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (TEL NO.: 91-832-2441300/ 2441458/ 2441354)
LOCATIONS
|
Registered Office : |
Dempo House, Campal, Panaji – 403 001, |
|
Tel. No.: |
91-832-2860363 to 68 / 2860336 / 2861052 / 2441300 / 2441458 /
2441354 |
|
Fax No.: |
91-832-2860364 / 2427192 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
|
St. Jose De Areal, Salcete, |
|
Tel. No.: |
91-832-2860336 / 2860363 / 2860367/ 68 |
|
Fax No.: |
91-832-2860364 |
|
E-Mail : |
|
|
Area : |
115944 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Bilaspur Plant : |
34-40, Sector B, Sirigitti Industrial Area, Bilaspur 495 004,
Chattisgarh. |
|
Tel. No.: |
91-7752-261220 / 650720 |
|
Fax No.: |
91-7752-261115 |
|
E-Mail : |
|
|
|
|
|
Paradeep Plant : |
Village Udayabata, Post Office Paradeepgarh, Dist. Jagatsignhpur -
754142, Orissa, India |
|
Tel. No.: |
91-6722-211450 |
|
E-Mail : |
DIRECTORS
As on 2018
|
Name : |
Mr. Keki Manchersha Elavia |
|
Designation : |
Director |
|
Address : |
2 A, Anand Bhavan, 36th
Road, Bandra (West), Mumbai – 400050, Maharashtra, India. |
|
Date of Appointment : |
22.01.2001 |
|
DIN No.: |
00003940 |
|
|
|
|
Name : |
Mr. Dara
Phirozeshaw Mehta |
|
Designation : |
Director |
|
Address : |
4th Floor, South
Lands, 177, Colaba Road, Mumbai – 400005, Maharashtra, India |
|
Date of Appointment : |
25.09.1978 |
|
DIN No.: |
00041164 |
|
|
|
|
Name : |
Mr. Shrinivas
Vasudeva Dempo |
|
Designation : |
Director |
|
Address : |
Dempo House, Campal, Panaji – 403 001, |
|
Date of Birth/Age : |
48 years |
|
Qualification : |
Master in Business Administration from the Carneige Melon University, United States of America |
|
Date of Appointment : |
01.04.2006 |
|
DIN No.: |
00043413 |
|
|
|
|
Name : |
Ms. Kiran Dhingra |
|
Designation : |
Director |
|
Address : |
H.No. 83-C,
Gancim, Batim P.O. Velha, Goa – 403108, India |
|
Date of Appointment : |
16.03.2015 |
|
DIN No.: |
00425602 |
|
|
|
|
Name : |
Mr. Jagmohan Jagdishlal Chhabra |
|
Designation : |
Wholetime Director |
|
Address : |
House Sea Mist Villa No. 1, Near Miramar Hotel, Panaji – 403001, Goa, India |
|
Date of Birth/Age : |
55 years |
|
Qualification : |
B.E. (Mechanical), Master’s Degree in Marketing Management, Management Education Programme |
|
Date of Appointment : |
09.04.2010 |
|
DIN No.: |
01007714 |
|
|
|
|
Name : |
Mr. Raman Madhok |
|
Designation : |
Director |
|
Address : |
19, Rose Avenue,
Aldeia De Goa, P.O. Goa University - 403206, Goa, India |
|
Date of Appointment : |
28.01.2010 |
|
DIN No.: |
01798377 |
|
|
|
|
Name : |
Mr. Rajesh Soiru
Dempo |
|
Designation : |
Director |
|
Address : |
Dempo Mansion H
No 21/368/1, Near Manipal Hospital, Goa University Road, Dona Paula, Panaji –
403003, Goa, India |
|
Date of Appointment : |
08.01.2016 |
|
DIN No.: |
05143106 |
KEY EXECUTIVES
|
Name : |
Mr. Krishnan
Balaraman |
|
Designation : |
Chief Financial and Operating Officer |
|
Address : |
Flat No 304 3rd
Floor, Yashodan Building Tonca Caranzal, Caranzalem Tiswadi, Panaji – 403001,
Goa, India |
|
Date of Appointment : |
10.02.2015 |
|
PAN No.: |
ACCPB6497J |
|
|
|
|
Name : |
Mr. Pravin Rajendra Satardekar |
|
Designation : |
Company Secretary |
|
Address : |
4C 3S2, Prudential Paradise, Near Peddem Sports Complex, Mapusa – 403507, Goa, India |
|
Date of Appointment : |
06.01.2018 |
|
PAN No.: |
BQTPS0998D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on March, 2018
|
Category of shareholder |
No. of fully paid up equity shares held |
Shareholding as a % of total no. of
shares |
|
|
Promoter and Promoter Group |
5464989 |
59.72 |
|
|
Public |
3686063 |
40.28 |
|
|
Grand Total |
9151052 |
100.00 |
STATEMENT SHOWING SHAREHOLDING PATTERN OF THE PROMOTER AND PROMOTER
GROUP
|
Category of shareholder |
No. of fully paid up equity shares held |
Shareholding as a % of total no. of
shares |
|
|
A1) Indian |
0.00 |
||
|
Individuals/Hindu undivided Family |
395939 |
4.33 |
|
|
Shrinivas V. Dempo |
395939 |
4.33 |
|
|
Any Other (specify) |
5069050 |
55.39 |
|
|
V. S. Dempo Holdings Private Limited |
5069040 |
55.39 |
|
|
Motown Trading Private Limited |
10 |
0.00 |
|
|
Sub Total A1 |
5464989 |
59.72 |
|
|
A2) Foreign |
0.00 |
||
|
A=A1+A2 |
5464989 |
59.72 |
STATEMENT SHOWING SHAREHOLDING PATTERN OF THE PUBLIC SHAREHOLDER
|
Category of shareholder |
No. of fully paid up equity shares held |
Shareholding as a % of total no. of
shares |
|
|
B1) Institutions |
0 |
0.00 |
|
|
Foreign Portfolio Investors |
4238 |
0.05 |
|
|
Financial Institutions/ Banks |
15506 |
0.17 |
|
|
Any Other (specify) |
550 |
0.01 |
|
|
Unit Trust of India |
550 |
0.01 |
|
|
Sub Total B1 |
20294 |
0.22 |
|
|
B2) Central Government/ State Government(s)/ President of India |
0 |
0.00 |
|
|
B3) Non-Institutions |
0 |
0.00 |
|
|
Individual share capital upto INR 0.200 Million |
2701948 |
29.53 |
|
|
Individual share capital in excess of INR 0.200 Million |
262643 |
2.87 |
|
|
Any Other (specify) |
701178 |
7.66 |
|
|
Trusts |
100 |
0.00 |
|
|
HUF |
87789 |
0.96 |
|
|
NRI – Non- Repat |
29037 |
0.32 |
|
|
Director or Director's Relatives |
4000 |
0.04 |
|
|
NRI – Repat |
44343 |
0.48 |
|
|
Clearing Members |
195707 |
2.14 |
|
|
Bodies Corporate |
340202 |
3.72 |
|
|
Sub Total B3 |
3665769 |
40.06 |
|
|
B=B1+B2+B3 |
3686063 |
40.28 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the Manufacture and Sale of Calcined Petroleum Coke. (Registered activity) |
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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 : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : (As on 31.03.2017) |
216 (Approximately) |
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Bankers : |
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Facilities : |
NOTE : The cash
credit and buyers credit facilities are secured by first and equitable
mortgage on pari-passu basis of all immovable properties and by hypothecation
of all movable fixed assets, inventories, book debts and other receivables of
the Company. |
|
Statutory Auditors
: |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Chennai, Tamilnadu, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : (As on 31.03.2017) |
U65993GA1984PTC000570 |
|
|
|
|
Subsidiary : (As on 31.03.2017) |
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|
|
|
|
Fellow Subsidiaries
(with whom transactions have taken place during the year) : (As on 31.03.2017) |
|
|
|
|
|
Enterprises over which Mr. Shrinivas
V. Dempo is able to exercise significant influence : (As on 31.03.2017) |
|
CAPITAL STRUCTURE
As on 31.03.2018
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : INR 91.511
Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22000000 |
Equity Shares |
INR 10/- each |
INR 220.000 Million |
|
300000 |
Preference shares |
INR 100/- each |
INR 30.000 Million |
|
|
Total |
|
INR 250.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9151052 |
Equity Shares |
INR 10/- each |
INR 91.511 Million |
|
|
|
|
|
There has been
no movement in equity share capital during the year.
The Company
has only one class of equity shares having face value of INR 10/-. Each holder
is entitled to one vote per equity share. During the year, the Company has paid
Interim Dividend of INR 1.50 per equity share (INR 13.727 Million) on 17th January,
2017. Dividend proposed by the Board of Directors is subject to the approval of
the shareholders at the Annual General Meeting. The amount of dividend proposed
to be distributed to equity shareholders is INR 274.53 Million (Previous year INR
Nil Million) and the related amount per equity share is INR 3/- (Previous year INR
Nil). Repayment of capital will be in proportion to the number of equity shares
held.
Details of equity shares held by each
shareholder holding more than 5% shares
|
|
As at 31 March, 2017 |
|
|
Number of Shares |
% held |
|
|
V. S. Dempo Holdings Private Limited, the holding company |
5069040 |
55.40 |
LISTING DETAILS:
|
|
BSE : 509567 NSE : GOACARBON ISIN : INE426D01013 Sector: PETROCHEMICALS |
|
Stock Exchange Place : |
Bombay
Stock Exchange Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001, Maharahstra, India |
|
Listed Date : |
Not Available |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES
OF FUNDS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
91.511 |
91.511 |
91.511 |
|
(b) Reserves & Surplus |
1162.443 |
696.114 |
618.386 |
|
(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) |
1253.954 |
787.625 |
709.897 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
34.212 |
48.093 |
17.468 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
34.212 |
48.093 |
17.468 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1948.765 |
1586.964 |
2054.129 |
|
(b) Trade payables |
141.263 |
90.700 |
109.037 |
|
(c) Other current liabilities |
172.932 |
108.360 |
89.513 |
|
(d) Short-term provisions |
3.741 |
3.573 |
2.746 |
|
Total
Current Liabilities (4) |
2266.701 |
1789.597 |
2255.425 |
|
|
|
|
|
|
TOTAL |
3554.867 |
2625.315 |
2982.790 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
238.482 |
255.146 |
272.437 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
36.440 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
1.654 |
0.000 |
0.000 |
|
(b) Non-current Investments |
20.667 |
93.986 |
93.986 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
57.547 |
52.216 |
|
(e) Other Non-current assets |
160.811 |
148.116 |
143.307 |
|
Total
Non-Current Assets |
458.054 |
554.795 |
561.946 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
831.874 |
874.367 |
|
(b) Inventories |
934.281 |
0.000 |
0.000 |
|
(c) Trade receivables |
562.096 |
218.317 |
191.208 |
|
(d) Cash and cash equivalents |
1419.808 |
877.221 |
1183.045 |
|
(e) Short-term loans and
advances |
0.000 |
130.652 |
152.208 |
|
(f) Other current assets |
180.628 |
12.456 |
20.016 |
|
Total
Current Assets |
3096.813 |
2070.520 |
2420.844 |
|
|
|
|
|
|
TOTAL |
3554.867 |
2625.315 |
2982.790 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
5872.464 |
2909.258 |
3154.552 |
|
|
Other Income |
87.414 |
91.852 |
61.733 |
|
|
TOTAL
|
5959.878 |
3001.110 |
3216.285 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
4123.644 |
2256.763 |
2479.555 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
24.785 |
(60.126) |
82.462 |
|
|
Employees benefits expense |
186.414 |
177.667 |
163.059 |
|
|
Excise duy on safe of products
|
109.538 |
|
|
|
|
Other expenses |
504.632 |
384.508 |
365.335 |
|
|
TOTAL |
4949.013 |
2758.812 |
3090.411 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1010.865 |
242.298 |
125.874 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
97.073 |
66.951 |
152.144 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
913.792 |
175.347 |
(26.270) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
18.583 |
18.903 |
18.657 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
895.209 |
156.444 |
(44.927) |
|
|
|
|
|
|
|
Less |
TAX |
356.724 |
62.195 |
(14.162) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
538.485 |
94.249 |
(30.765) |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
1855.792 |
2247.182 |
|
|
TOTAL
IMPORTS |
NA |
1855.792 |
2247.182 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
58.84 |
10.30 |
(3.36) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
185.310 |
270.704 |
|
Net cash flow from operating activity |
NA |
155.279 |
345.507 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
34.94 |
27.39 |
22.12 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
10.45 |
13.33 |
16.50 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
12.50 |
14.67 |
16.05 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.08 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
3.65 |
0.95 |
0.46 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.64 |
0.68 |
0.76 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.55 |
2.01 |
2.89 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.81 |
2.27 |
3.18 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.22 |
0.32 |
0.38 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
10.41 |
3.62 |
0.83 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
((PAT / Sales) * 100) |
% |
9.17 |
3.24 |
(0.98) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
15.15 |
3.59 |
(1.03) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
42.94 |
11.97 |
(4.33) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.37 |
1.16 |
1.07 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.95 |
1.16 |
1.07 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.35 |
0.30 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
21.30 |
17.34 |
22.45 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.37 |
1.16 |
1.07 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
STOCK
PRICES
|
Face Value |
INR 10.00/- each |
|
Market Value |
INR 723.00/- each |
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 |
91.511 |
91.511 |
91.511 |
|
Reserves & Surplus |
618.386 |
696.114 |
1162.443 |
|
Net
worth |
709.897 |
787.625 |
1253.954 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
2054.129 |
1586.964 |
1948.765 |
|
Total
borrowings |
2054.129 |
1586.964 |
1948.765 |
|
Debt/Equity
ratio |
2.894 |
2.015 |
1.554 |
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
|
3154.552 |
2909.258 |
5872.464 |
|
|
|
(7.776) |
101.854 |
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
|
3154.552 |
2909.258 |
5872.464 |
|
Profit/
(Loss) |
(30.765) |
94.249 |
538.485 |
|
|
(0.98%) |
3.24% |
9.17% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|||
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
91.511 |
91.511 |
|
(b) Reserves & Surplus |
|
712.741 |
638.195 |
|
(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) |
|
804.252 |
729.706 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
|
48.093 |
17.468 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
48.093 |
17.468 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1586.964 |
2054.129 |
|
(b) Trade payables |
|
91.071 |
109.627 |
|
(c) Other current
liabilities |
|
108.360 |
89.513 |
|
(d) Short-term provisions |
|
3.573 |
2.746 |
|
Total Current Liabilities
(4) |
|
1789.968 |
2256.015 |
|
|
|
|
|
|
TOTAL |
|
2642.313 |
3003.189 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
255.146 |
272.437 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.405 |
0.405 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
57.547 |
52.216 |
|
(e) Other Non-current
assets |
|
148.116 |
143.307 |
|
Total Non-Current Assets |
|
461.214 |
468.365 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
831.874 |
874.367 |
|
(c) Trade receivables |
|
218.317 |
191.208 |
|
(d) Cash and cash
equivalents |
|
1006.342 |
1315.533 |
|
(e) Short-term loans and
advances |
|
112.110 |
133.700 |
|
(f) Other current assets |
|
12.456 |
20.016 |
|
Total Current Assets |
|
2181.099 |
2534.824 |
|
|
|
|
|
|
TOTAL |
|
2642.313 |
3003.189 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
2909.258 |
3154.552 |
|
|
Other Income |
|
89.484 |
74.291 |
|
|
TOTAL |
|
2998.742 |
3228.843 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
2256.763 |
2479.555 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(60.126) |
82.462 |
|
|
Employees benefits
expense |
|
177.667 |
163.059 |
|
|
Other expenses |
|
385.322 |
381.048 |
|
|
TOTAL |
|
2759.626 |
3106.124 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
239.116 |
122.719 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
66.951 |
152.144 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
172.165 |
(29.425) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
18.903 |
18.657 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
153.262 |
(48.082) |
|
|
|
|
|
|
|
Less |
TAX |
|
62.195 |
(14.162) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
91.067 |
(33.920) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
9.95 |
(3.71) |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
The Company is in the business of manufacture and sale of Calcined Petroleum Coke in its manufacturing facilities at Goa, Paradeep and Bilaspur.
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
A82936469 |
10211327 |
Bank of Baroda |
24/02/2010 |
- |
- |
200000000.0 |
Panaji BranchNear Azad MaidanPanajiGA403001IN |
|
2 |
Z00025578 |
80008128 |
BANK OF INDIA |
21/06/2004 |
19/07/2006 |
- |
696282000.0 |
PANJIPANJIGA403001IN |
|
3 |
A69793024 |
90077606 |
BANK OF INDIA |
21/06/2004 |
27/07/2009 |
- |
2960000000.0 |
CAMPAL BRANCHPANAJIGA403001IN |
|
4 |
Z00010458 |
80004359 |
BANK OF BARODA |
27/07/2002 |
04/10/2006 |
- |
135000000.0 |
OPP. AZAD MAIDANPANAJIPANAJIGA403001IN |
|
5 |
Y10160312 |
90077792 |
BANK OF INDIA |
26/05/1976 |
- |
- |
3000000.0 |
EXPRESS TOWERNARIMAN POINTBOMBAYMHIN |
|
6 |
Y10158187 |
90075667 |
BANK OF INDIA |
29/07/1975 |
- |
- |
8500000.0 |
EXPRESS TOWERNARIMAN POINTBOMBAYMHIN |
|
7 |
A81042814 |
10174511 |
Bank of Baroda |
05/08/2009 |
- |
24/02/2010 |
200000000.0 |
Panaji BranchNear Azad MaidanPanajiGA403001IN |
|
8 |
A25088790 |
80004327 |
BANK OF BARODA |
15/05/2004 |
24/04/2006 |
25/10/2007 |
9000000.0 |
OPP. AZAD MAIDAN,PANAJI, GOAPANAJIGA403001IN |
|
9 |
A25089418 |
80004353 |
BANK OF BARODA |
15/05/2004 |
24/04/2006 |
25/10/2007 |
75000000.0 |
OPP. AZAD MAIDANPANAJI, GOAPANAJIGA403001IN |
|
10 |
A32769812 |
80004365 |
BANK OF BARODA |
27/07/2002 |
- |
25/10/2007 |
135000000.0 |
PANJIPANJIGA403001IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
|
Disallowance of Cenvat Credit and Educational Cess on purchase of raw materials |
NA |
0.000 |
|
Income tax demands under appeal |
NA |
35.019 |
|
Total |
NA |
35.019 |
FIXED ASSETS
- Land
- Plot development on leasehold land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Office equipments
- Vehicles
- Technical knowhow
- Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 67.83 |
|
UK Pound |
1 |
INR 91.68 |
|
Euro |
1 |
INR 80.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
`PRA |
|
|
|
|
Report Prepared
by : |
KJL |
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.