|
|
|
MIRA INFORM REPORT
|
Report No. : |
510458 |
|
Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
KHANNA PAPER MILLS LIMITED (w.e.f. 28.06.2006) |
|
|
|
|
Formerly Known
As : |
KHANNA
PAPER MILLS PRIVATE LIMITED [w.e.f. 15.03.2001] KHANNA PAPER MILLS LIMITED [w.e.f. 01.07.1997] KHANNA
PAPER MILLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-26, Infocity-I, Sector – 34, Gurugram – 122002, Haryana |
|
Tel. No.: |
91-124-3874000/ 01 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
02.02.1985 |
|
|
|
|
Com. Reg. No.: |
05-054735 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 265.379 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21012HR1985PLC054735 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0500025258 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
06AAACK1375K1ZJ |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK1375K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing quality paper, board and newsprint by recycling of waste material. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Available |
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 758000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Khanna Paper Mills Limited is a manufacturer of quality Paper, Board and Newsprint by Recycling of Waste Material. The company was incorporated in the year 1985 and is based in Gurugram, Haryana. It is an established company having good track record.
|
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 |
CARE |
|
Rating |
Long Term Rating = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
13 April, 2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating = A2+ |
|
Rating Explanation |
Strong degree of safety and carry lowest credit risk |
|
Date |
13 April, 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 23.05.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Sajal Singh |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-8288034317 |
|
Date : |
19.05.2018 |
Management non-cooperative (Tel No.: 91-124-3874000/01)
LOCATIONS
|
Registered / Corporate Office : |
B-26, Infocity-I, Sector – 34, Gurugram – 122002, Haryana, India |
|
Tel. No.: |
91-124-3874000 / 01 |
|
Mobile No.: |
91-8288034317 (Mr. Sayal Singh) |
|
Fax No.: |
91-124-4694836 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
NH-1, Majitha Bypass, Opposite Metro Cash and Carry Amritsar – 143001,
Punjab, India |
|
Tel. No.: |
91-183-5067100-109 |
|
|
|
|
Factory 2 : |
Village Fazilpur Badli, Faruk Nagar, District Gurugram -122506,
Haryana, India |
|
Tel. No.: |
91-124-4694800 - 99 |
|
|
|
|
Corporate Office 2 / Factory 3 : |
|
|
Tel. No.: |
91-183-5067100/ 109 / 504416 / 17 / 18 / 2710974 - 77 |
|
Fax No.: |
91-183-5067110/111 / 504415 / 2710972 - 73 |
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E-Mail : |
|
|
|
|
|
USA Office : |
PO Box 1170, Little Falls, NJ 07424 |
|
Email : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Rahul Khanna |
||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||
|
Address : |
House No. A-50, D.R Enclave, Amritsar - 143001, Punjab, India |
||||||||||||||||||||
|
Date of Birth/Age : |
03.03.1979 |
||||||||||||||||||||
|
Qualification : |
MBA |
||||||||||||||||||||
|
Date of Appointment : |
01.04.2015 |
||||||||||||||||||||
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PAN No.: |
ABSPK4237E |
||||||||||||||||||||
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DIN No.: |
00067173 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
Name : |
Mr. Brij Mohan Khanna |
||||||||||||||||||||
|
Designation : |
Whole-Time Director |
||||||||||||||||||||
|
Address : |
House No. A-50, D.R. Enclave, Ajnala Road, Amritsar - 143001, Punjab,
India |
||||||||||||||||||||
|
Date of Birth/Age : |
13.10.1947 |
||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||
|
Date of Appointment : |
01.04.2015 |
||||||||||||||||||||
|
PAN No.: |
AJAPK4769P |
||||||||||||||||||||
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DIN No.: |
00062514 |
||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Saurabh Khanna |
||||||||||||||||||||
|
Designation : |
Whole-Time Director |
||||||||||||||||||||
|
Address : |
House No. A-50,D.R Enclave, Ajnala Road, Amritsar - 143001, Punjab,
India |
||||||||||||||||||||
|
Date of Birth/Age : |
21.07.1981 |
||||||||||||||||||||
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Qualification : |
MBA |
||||||||||||||||||||
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Date of Appointment : |
01.04.2009 |
||||||||||||||||||||
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PAN No.: |
AGRPK0523D |
||||||||||||||||||||
|
DIN No.: |
00062737 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Suneet Kochhar |
||||||||||||||||||||
|
Designation : |
Whole-Time Director |
||||||||||||||||||||
|
Address : |
House No.33, D.R. Enclave, Ajnala Road, Amritsar - 143001, Punjab,
India |
||||||||||||||||||||
|
Date of Birth/Age : |
18.12.1974 |
||||||||||||||||||||
|
Qualification : |
Post
Graduate |
||||||||||||||||||||
|
Date of Appointment : |
05.09.2011 |
||||||||||||||||||||
|
PAN No.: |
AAXPK4272F |
||||||||||||||||||||
|
DIN No.: |
01771321 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Brij Mohan Khanna |
|
4766653 |
|
Saurbh Khanna |
|
8972301 |
|
Rahul Khanna |
|
8972301 |
|
Renu Khanna |
|
3807945 |
|
Shivinder S. Sandhu |
|
9820 |
|
Manveen Sandhu |
|
3570 |
|
Sahiljit Sandhu |
|
3570 |
|
Kiritpal Sandhu |
|
1785 |
|
Total |
|
26537945 |
AS ON 21.08.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
99.93 |
|
Public/Other than promoters - [Individual/Hindu Undivided Family – Indian] |
0.07 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing quality paper, board and newsprint by
recycling of waste material. [Registered Activity] |
||||
|
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|
||||
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Products / Services
: |
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||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
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Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
||||||||||||||||||||||
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Customers : |
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||||||||||||||||||||||
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|
||||||||||||||||||||||
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
B D Bansal and Company Chartered Accountants |
|
Address : |
34-A,Court Road, Amritsar, Punjab, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFB0018J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Company: |
Khanna Paper INC., United States |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
Shore To Shore Logistics India Limited, India [CIN NO.: U60231HR2007PLC054693] |
CAPITAL STRUCTURE
AS ON 21.08.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45000000 |
Equity Shares |
INR 10/- each |
INR 450.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26537945 |
Equity Shares |
INR 10/- each |
INR 265.379 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
265.379 |
265.379 |
265.379 |
|
(b) Reserves and Surplus |
3291.299 |
2999.502 |
2861.626 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
3556.678 |
3264.881 |
3127.005 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
672.038 |
565.910 |
421.065 |
|
(b) Deferred tax liabilities (Net) |
539.288 |
645.072 |
723.100 |
|
(c) Other long-term
liabilities |
700.649 |
712.774 |
728.910 |
|
(d) long-term
provisions |
47.031 |
43.912 |
38.146 |
|
Total Non-current
Liabilities (3) |
1959.006 |
1967.668 |
1911.221 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
3474.763 |
4015.092 |
4384.460 |
|
(b) Trade
payables |
915.031 |
951.186 |
764.095 |
|
(c) Other
current liabilities |
498.029 |
681.153 |
336.832 |
|
(d) Short-term
provisions |
51.287 |
17.009 |
84.095 |
|
Total Current
Liabilities (4) |
4939.110 |
5664.440 |
5569.482 |
|
|
|
|
|
|
TOTAL |
10454.794 |
10896.989 |
10607.708 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3795.507 |
4221.207 |
4282.585 |
|
(ii) Intangible Assets |
71.775 |
77.311 |
61.668 |
|
(iii) Tangible assets capital work-in-progress |
489.678 |
170.306 |
89.956 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
7.190 |
6.190 |
5.290 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term loans and advances |
250.853 |
251.969 |
26.118 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
4615.003 |
4726.983 |
4465.617 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3015.039 |
2986.310 |
3008.902 |
|
(c) Trade receivables |
1872.141 |
2324.006 |
2408.199 |
|
(d) Cash and bank balances |
282.099 |
355.982 |
246.780 |
|
(e) Short-term loans and advances |
670.512 |
503.708 |
478.210 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
5839.791 |
6170.006 |
6142.091 |
|
|
|
|
|
|
TOTAL |
10454.794 |
10896.989 |
10607.708 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
14742.913 |
13967.243 |
13452.924 |
|
|
Other Income |
13.106 |
(1.628) |
0.000 |
|
|
TOTAL |
14756.019 |
13965.615 |
13452.924 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
9660.514 |
9091.008 |
8695.667 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
6.906 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
401.853 |
156.266 |
(122.408) |
|
|
Employee benefit expense |
493.395 |
504.469 |
426.999 |
|
|
CSR expenditure |
3.041 |
4.487 |
4.247 |
|
|
Other expenses |
2860.494 |
2884.958 |
2872.096 |
|
|
TOTAL |
13419.297 |
12641.188 |
11883.507 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1336.722 |
1324.427 |
1569.417 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
437.000 |
607.945 |
688.578 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
899.722 |
716.482 |
880.839 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
717.876 |
691.138 |
673.192 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
181.846 |
25.344 |
207.647 |
|
|
|
|
|
|
|
Less |
TAX |
(110.951) |
(113.532) |
(17.317) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
292.797 |
138.876 |
224.964 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
903.641 |
922.406 |
769.655 |
|
|
TOTAL EARNINGS |
903.641 |
922.406 |
769.655 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
5218.856 |
3807.397 |
3787.993 |
|
|
Components and spare
parts |
0.000 |
0.000 |
73.184 |
|
|
Capital Goods |
0.000 |
0.000 |
112.461 |
|
|
TOTAL IMPORTS |
5218.856 |
3807.397 |
3973.638 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
11.03 |
5.23 |
8.48 |
|
|
Diluted |
11.03 |
5.23 |
8.48 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
287.231 |
353.188 |
277.170 |
|
Net cash flows from (used in) operations |
1470.243 |
1299.780 |
462.171 |
|
Net cash flows from (used in) operating activities |
1471.288 |
1309.195 |
400.805 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
46.35 |
60.73 |
65.34 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
7.87 |
6.01 |
5.59 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
34.57 |
38.19 |
32.05 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.44 |
0.44 |
0.52 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.31 |
0.30 |
0.35 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.56 |
0.60 |
0.59 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.25 |
1.51 |
1.63 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.39 |
1.73 |
1.78 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.23 |
1.37 |
1.42 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.06 |
2.18 |
2.28 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
1.99 |
0.99 |
1.67 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.80 |
1.27 |
2.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
8.23 |
4.25 |
7.19 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.18 |
1.09 |
1.10 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.57 |
0.56 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.34 |
0.30 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
16.71 |
18.59 |
19.15 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.18 |
1.09 |
1.10 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
265.379 |
265.379 |
265.379 |
|
Reserves & Surplus |
2861.626 |
2999.502 |
3291.299 |
|
Net
worth |
3127.005 |
3264.881 |
3556.678 |
|
|
|
|
|
|
Long-term borrowings |
421.065 |
565.910 |
672.038 |
|
Short term borrowings |
4384.460 |
4015.092 |
3474.763 |
|
Current maturities of
long-term debts |
277.170 |
353.188 |
287.231 |
|
Total
borrowings |
5082.695 |
4934.190 |
4434.032 |
|
Debt/Equity
ratio |
1.625 |
1.511 |
1.247 |
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 |
13452.924 |
13967.243 |
14742.913 |
|
|
0.000 |
3.823 |
5.553 |
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 |
13452.924 |
13967.243 |
14742.913 |
|
Profit/ (Loss) |
224.964 |
138.876 |
292.797 |
|
|
1.67
% |
0.99
% |
1.99
% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
265.379 |
265.379 |
|
(b) Reserves and Surplus |
|
3348.012 |
3023.373 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
3613.391 |
3288.752 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
672.038 |
565.910 |
|
(b) Deferred tax liabilities (Net) |
|
535.326 |
644.217 |
|
(c) Other long-term
liabilities |
|
700.649 |
712.774 |
|
(d) long-term
provisions |
|
47.030 |
43.912 |
|
Total Non-current
Liabilities (3) |
|
1955.043 |
1966.813 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
4146.634 |
4764.797 |
|
(b) Trade
payables |
|
188.049 |
539.873 |
|
(c) Other
current liabilities |
|
506.012 |
670.376 |
|
(d) Short-term
provisions |
|
52.083 |
19.386 |
|
Total Current
Liabilities (4) |
|
4892.778 |
5994.432 |
|
|
|
|
|
|
TOTAL |
|
10461.212 |
11249.997 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
3796.587 |
4222.748 |
|
(ii)
Intangible Assets |
|
71.810 |
77.513 |
|
(iii) Tangible assets
capital work-in-progress |
|
489.678 |
170.307 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
2.700 |
1.700 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
250.853 |
251.969 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
4611.628 |
4724.237 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
3003.242 |
3186.659 |
|
(c) Trade receivables |
|
1873.553 |
2492.467 |
|
(d) Cash and
bank balances |
|
300.160 |
328.909 |
|
(e)
Short-term loans and advances |
|
672.629 |
517.725 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
5849.584 |
6525.760 |
|
|
|
|
|
|
TOTAL |
|
10461.212 |
11249.997 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
14750.398 |
14032.017 |
|
|
Other Income |
|
14.902 |
(1.628) |
|
|
TOTAL |
|
14765.300 |
14030.389 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
9651.861 |
9084.178 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
401.853 |
156.266 |
|
|
Employee benefit expense |
|
507.640 |
524.026 |
|
|
CSR expenditure |
|
3.041 |
4.487 |
|
|
Other expenses |
|
2866.760 |
2894.305 |
|
|
TOTAL |
|
13431.155 |
12663.262 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
1334.145 |
1367.127 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
403.356 |
653.468 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
930.789 |
713.659 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
718.324 |
691.770 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
212.465 |
21.889 |
|
|
|
|
|
|
|
Less |
TAX |
|
(113.383) |
(70.584) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
325.848 |
92.473 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
12.28 |
3.49 |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
GENERAL
INFORMATION:
Subject is an ISO certified public limited company, manufacturing quality paper, board and newsprint by recycling of waste material. Khanna Paper Mills is one of the leading recycle based paper manufacturing Company. Khanna today produces around 330000 MT of board and writing and printing paper. Khanna has also become the first paper mill in India to produce high quality writing and printing board from 100% deinked wood free recovered paper. Khanna Paper Mills distribution network of 100+ dealers has a reach not only over the length and breadth of India but across the globe with a focus on demand markets and exporting their products to the SAARC countries, Africa and the Middle East.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT-TERM
BORROWINGS |
|
|
|
Deposits from directors |
10.250 |
27.400 |
|
Total |
10.250 |
27.400 |
INDEX OF CHARGE:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G78854346 |
100159115 |
PUNJAB NATIONAL BANK |
12/02/2018 |
- |
- |
500000000.0 |
INTERNATIONAL BANKING BRANCHTHE MALLAMRITSARPB143001IN |
|
2 |
C76555457 |
10614793 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
18/01/2016 |
- |
- |
192469030.0 |
RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMH400020IN |
|
3 |
G82640368 |
80021936 |
ORIENTAL BANK OF COMMERCE |
06/05/1992 |
19/03/2018 |
- |
8367500000.0 |
MID CORPORATE BRANCHRANJEET AVENUEAMRITSARPB143001IN |
|
4 |
G86833514 |
100117992 |
PUNJAB NATIONAL BANK |
14/07/2017 |
- |
17/04/2018 |
500000000.0 |
INTERNATIONAL BANKING BRANCHTHE MALLAMRITSARPB143001IN |
|
5 |
G55820880 |
100077973 |
PUNJAB NATIONAL BANK |
22/12/2016 |
- |
25/09/2017 |
500000000.0 |
INTERNATIONAL BANKING BRANCHTHE MALLAMRITSARPB143001IN |
|
6 |
G37696994 |
100052018 |
PUNJAB NATIONAL BANK |
21/06/2016 |
- |
24/02/2017 |
500000000.0 |
INTERNATIONAL BANKING BRANCHTHE MALLAAMRITSARPB143001IN |
|
7 |
G13585369 |
10620795 |
PUNJAB NATIONAL BANK |
23/12/2015 |
- |
04/10/2016 |
500000000.0 |
INTERNATIONAL BANKING BRANCHTHE MALLAMRITSARPB143001IN |
|
8 |
G13583091 |
10618082 |
PUNJAB NATIONAL BANK |
10/12/2015 |
- |
04/10/2016 |
50000000.0 |
INTERNATIONAL BANKING BRANCHTHE MALLAMRITSARPB143001IN |
|
9 |
G13590450 |
10579820 |
PUNJAB NATIONAL BANK |
24/06/2015 |
- |
04/10/2016 |
500000000.0 |
INTERNATIONAL BANKING BRANCHTHE MALLAMRITSARPB143001IN |
|
10 |
C63893804 |
10520956 |
ALLAHABAD BANK |
10/09/2014 |
- |
26/08/2015 |
1059000000.0 |
MALL ROADAMRITSARPB143001IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against company not acknowledged as debt |
71.800 |
282.500 |
|
Guarantees |
161.600 |
117.100 |
|
Other money for which company is contingently liable |
406.700 |
453.700 |
FIXED ASSETS:
Tangible Assets:
- Building
- Plant and equipment
- Factory Building
- Furniture and
Fixture
- Computer equipments
- Vehicles
Intangible Assets:
- 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,
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 68.02 |
|
|
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·