|
|
|
MIRA
INFORM REPORT
|
Report No. : |
510468 |
|
Report Date : |
24.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
RAMA PAPER MILLS LIMITED |
|
|
|
|
Registered
Office : |
4th Km. Stone, Najibabad Road, Kiratpur, District
Bijnor—246731, Uttar Pradesh |
|
Tel. No.: |
91-11-45642642 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
04.12.1985 |
|
|
|
|
Com. Reg. No.: |
20-007556 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 196.647 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L27104UP1985PLC007556 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Divulged |
|
|
|
|
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
: |
Manufacturer of Newsprint, Duplex Board, Tissue. [Registered
Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated in the year 1985 and it is engaged in manufacturing of paper and board related products. As per financials of March 2017, the company has registered a marginal growth in its revenue and has reported huge losses. Rating takes into consideration the company’s continuous losses from its operations which has led to erosion of net worth and weak financial risk profile. Payments seems to be slow and delayed. In view of aforesaid, the company can be considered for business dealings at safe and secured 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 Rating [Issuer not cooperating] = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
13.04.2018 |
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 24.05.2018
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 DECLINED
MANAGEMENT NON-COOPERATIVE [91-11-45642642]
LOCATIONS
|
Registered Office/ Factory : |
4th Km. Stone, Najibabad Road, Kiratpur, District
Bijnor—246731, Uttar Pradesh, India |
|
Tel. No.: |
91-1341-240300/ 240301/ 240302 |
|
Fax No.: |
91-1341-240302 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office 1 : |
26/6 Ground Floor East Patel Nagar New Delhi- 110008, India |
|
Tel. No.: |
91-11-45642642 |
|
E-Mail : |
|
|
|
|
|
Corporate Office 2 : |
1101-1102, 11th Floor, Vikram Tower, 16, Rajendra Place, New Delhi – 110008, India |
DIRECTORS
AS ON: 31.03.2018
|
Name : |
Mr. Arun Goel |
|
Designation : |
Wholetime Director |
|
Address : |
Ram House, Station Road, Kiratpur Bijnor-246731, Uttar Pradesh, India |
|
Date of Appointment : |
20.05.1992 |
|
DIN No.: |
00035058 |
|
|
|
|
Name : |
Mr. Pramod Agarwal |
|
Designation : |
Managing Director |
|
Address : |
L-5 Hauz Khas Enclave, New Delhi-110016, India |
|
Date of Appointment : |
01.12.2011 |
|
DIN No.: |
00038838 |
|
|
|
|
Name : |
Mr. Bhimrao Subbanachar Hindupur |
|
Designation : |
Director |
|
Address : |
Anjanadri 304 2nd Cross 2nd A, Main Narayanpur, Dharwar-580008, Karnataka, India |
|
Date of Appointment : |
11.02.2006 |
|
DIN No.: |
00862933 |
|
|
|
|
Name : |
Mr. Alok Jain |
|
Designation : |
Director |
|
Address : |
Flat No.48, Dda Flats, Masjid Moth Phase-I, New Delhi-110048, India |
|
Date of Appointment : |
14.11.2015 |
|
DIN No.: |
02249441 |
|
|
|
|
Name : |
Mr. Gyanveer Singh |
|
Designation : |
Director |
|
Address : |
194 195 Ambedkar Nagar, Kiratpur, Bijnor0246701, Uttar Pradesh, India |
|
Date of Appointment : |
30.05.2014 |
|
DIN No.: |
06871231 |
|
|
|
|
Name : |
Mr. Amarjeet Sandhu |
|
Designation : |
Director |
|
Address : |
62, Bajrang Nagar, Krishna Nagar, Lucknow-226012, Uttar Pradesh, India |
|
Date of Appointment : |
30.05.2015 |
|
DIN No.: |
06890798 |
KEY EXECUTIVES
|
Name : |
Mr. Himanshu Duggal |
|
Designation : |
Company Secretary |
|
Address : |
D-15, First Floor, Front Side, Kiran Garden, Uttam Nagar, New Delhi-110059, India |
|
Date of Appointment : |
06.01.2014 |
|
PAN No.: |
ACDPH6376H |
|
|
|
|
Name : |
Mr. Nirdesh Agarwal |
|
Designation : |
Chief Finance Officer |
|
Address : |
Flat No. 109b Gangotri Apartment Plot No. 5 Block F, Vikaspuri, Tilak Nagar Delhi-110018, India |
|
Date of Appointment : |
14.08.2014 |
|
PAN No.: |
AHDPA8176F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2018
|
Category of shareholder |
No. of fully paid up equity shares held |
Total nos. shares held |
|
|
(A) Promoter &
Promoter Group |
1558802 |
15,58,802 |
|
|
(B) Public |
6022598 |
60,22,598 |
|
|
Grand Total |
7581400 |
75,81,400 |
Statement showing
shareholding pattern of the Promoter and Promoter Group
|
Category of shareholder |
No. of fully paid up equity shares held |
Total nos. shares held |
|
|
A1) Indian |
|||
|
Individuals/Hindu
undivided Family |
1291952 |
12,91,952 |
|
|
PRIYANKA GOEL |
750 |
750 |
|
|
ARUN GOEL |
95869 |
95,869 |
|
|
ANKUR AGARWAL |
6343 |
6,343 |
|
|
APPURVA GOEL |
283950 |
2,83,950 |
|
|
ARUN GOEL HUF |
389865 |
3,89,865 |
|
|
PRAMOD KUMAR HUF |
126125 |
1,26,125 |
|
|
RACHNA GOEL |
79250 |
79,250 |
|
|
SUNITA AGARWAL |
44750 |
44,750 |
|
|
PRAMOD KUMAR |
244050 |
2,44,050 |
|
|
VANDANI GOEL |
21000 |
21,000 |
|
|
Any Other
(specify) |
266850 |
2,66,850 |
|
|
RAM FIN FORTUNES
PVT. LTD |
266850 |
2,66,850 |
|
|
Sub Total A1 |
1558802 |
15,58,802 |
|
|
A2) Foreign |
|||
|
A=A1+A2 |
1558802 |
15,58,802 |
Statement showing
shareholding pattern of the Public shareholder
|
Category & Name of the Shareholders |
Total no. shares held |
Shareholding % calculated as per SCRR, 1957
As a % of (A+B+C2) |
|
|
B1) Institutions |
0.00 |
||
|
Mutual Funds/ |
3600 |
0.05 |
|
|
Sub Total B1 |
3600 |
0.05 |
|
|
B2) Central Government/ State
Government(s)/ President of India |
0.00 |
||
|
B3) Non-Institutions |
0.00 |
||
|
Individual share
capital up to INR 0.200 Million |
3184201 |
42.00 |
|
|
Individual share
capital in excess of INR 0.200 Million |
2067465 |
27.27 |
|
|
LILOO PAWAN BATRA |
208000 |
2.74 |
|
|
BOBBY PARWANEY |
177522 |
2.34 |
|
|
MANJU AGARWAL |
131286 |
1.73 |
|
|
PREM REWACHAND BUDHRANI |
102012 |
1.35 |
|
|
MUKESH MAKANDAS MEHTA |
99059 |
1.31 |
|
|
SHYAM HUNDRAJ PARANEY HUF |
79648 |
1.05 |
|
|
KALPANA MUKESH MEHTA |
106942 |
1.41 |
|
|
SONALI CHANDRAKANT GODBOLE |
154402 |
2.04 |
|
|
VARUN PREM BUDHRANI |
78020 |
1.03 |
|
|
Any Other (specify) |
767332 |
10.12 |
|
|
Non-Resident Indian (NRI) |
22719 |
0.30 |
|
|
Clearing Members |
200 |
0.00 |
|
|
Clearing House |
66233 |
0.87 |
|
|
Bodies Corporate |
678180 |
8.95 |
|
|
PKA PROJECTS PVT LTD |
226282 |
2.98 |
|
|
RAM SINGH STEELS PVT LTD |
120509 |
1.59 |
|
|
Sub Total B3 |
6018998 |
79.39 |
|
|
B=B1+B2+B3 |
6022598 |
79.44 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Newsprint, Duplex Board, Tissue. [Registered
Activity] |
|
|
|
|
Products : |
· Newsprint · Duplex Board ·
Tissue |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Shiam and Company Chartered Accountants |
|
Address : |
Muzaffarnagar, Uttar Pradesh, India |
|
|
|
|
Cost Auditors : |
|
|
Name : |
Jain Sharma and Associates Cost Accountants |
|
Address : |
New Delhi, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises over
which Key Managerial Personnel are able to exercise significant influence: |
· Ram Fin Fortune Private Limited · AAA Paper Marketing Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17000000 |
Equity Shares |
INR 10/- each |
INR 170.000 Million |
|
1500000 |
Preference Shares |
INR 100/- each |
INR 150.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 320.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9664733 |
Equity Shares |
INR 10/- each |
INR 96.647 Million |
|
500000 |
6% Non-Cumulative Non-Convertible Preference Shares |
INR 100/- each |
INR 50.000
Million |
|
500000 |
14% Non-Cumulative Non-Convertible Preference Shares |
INR 100/- each |
INR 50.000
Million |
|
|
|
|
|
|
|
Total |
|
INR 196.647 Million |
FINANCIAL DATA
[all figures are
in 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 |
196.647 |
196.647 |
196.647 |
|
(b) Reserves & Surplus |
(396.345) |
(180.206) |
9.876 |
|
(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) |
(199.698) |
16.441 |
206.523 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
139.520 |
145.580 |
502.005 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
49.121 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
79.018 |
50.343 |
127.091 |
|
Total
Non-current Liabilities (3) |
218.538 |
195.923 |
678.217 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
179.532 |
179.910 |
182.059 |
|
(b)
Trade payables |
313.109 |
215.681 |
232.161 |
|
(c)
Other current liabilities |
637.416 |
556.513 |
167.730 |
|
(d)
Short-term provisions |
0.769 |
0.784 |
0.664 |
|
Total
Current Liabilities (4) |
1130.826 |
952.888 |
582.614 |
|
|
|
|
|
|
TOTAL |
1149.666 |
1165.252 |
1467.354 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
627.440 |
658.965 |
688.040 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
8.769 |
8.530 |
9.856 |
|
(e)
Other Non-current assets |
0.000 |
6.313 |
6.313 |
|
Total
Non-Current Assets |
636.209 |
673.808 |
704.209 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
72.316 |
90.872 |
268.975 |
|
(c)
Trade receivables |
341.076 |
355.473 |
462.087 |
|
(d)
Cash and cash equivalents |
19.450 |
7.530 |
10.899 |
|
(e)
Short-term loans and advances |
80.615 |
37.569 |
21.184 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
513.457 |
491.444 |
763.145 |
|
|
|
|
|
|
TOTAL |
1149.666 |
1165.252 |
1467.354 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
977.383 |
1222.185 |
1216.249 |
|
|
|
Other Income |
0.442 |
2.249 |
1.624 |
|
|
|
TOTAL |
977.825 |
1224.434 |
1217.873 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
643.055 |
858.038 |
727.400 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(4.381) |
4.366 |
(8.722) |
|
|
|
Employees benefits expense |
65.644 |
71.891 |
52.236 |
|
|
|
Other expenses |
363.451 |
414.678 |
425.807 |
|
|
|
Excise Duty related to the difference between closing
stock and opening stock |
0.769 |
0.120 |
0.203 |
|
|
|
TOTAL |
1068.538 |
1349.093 |
1196.924 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(90.713) |
(124.659) |
20.949 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
85.792 |
81.389 |
90.367 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(176.505) |
(206.048) |
(69.418) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
31.800 |
31.702 |
31.313 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
(208.305) |
(237.750) |
(100.731) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.834 |
(47.667) |
(18.095) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
(216.139) |
(190.083) |
(82.636) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
4.689 |
0.000 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
98.395 |
254.148 |
NA |
|
|
|
Consumable Store |
0.000 |
0.372 |
NA |
|
|
TOTAL IMPORTS |
98.395 |
254.52 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
(22.36) |
(19.67) |
(8.55) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
458.533 |
428.862 |
77.929 |
|
|
|
|
|
|
Cash generated from operations |
78.168 |
85.085 |
7.780 |
|
|
|
|
|
|
Net Cash from Operating activities |
(7.624) |
2.243 |
(82.587) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
127.37 |
106.16 |
138.67 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.87 |
3.44 |
2.63 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
177.72 |
91.75 |
116.50 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(1.25) |
(1.37) |
0.08 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(0.14) |
(0.19) |
0.03 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.50 |
1.31 |
0.79 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
(3.89) |
45.88 |
3.69 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
(5.66) |
57.96 |
2.82 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
(3.14) |
40.08 |
3.33 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(1.06) |
(1.53) |
0.23 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(22.11) |
(15.55) |
(6.79) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(18.80) |
(16.31) |
(5.63) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
108.23) |
(1156.15) |
(40.01) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.45 |
0.52 |
1.31 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.39 |
0.42 |
0.85 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
(0.17) |
0.01 |
0.14 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.95 |
3.84 |
3.87 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.45 |
0.52 |
1.31 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 10.00/- |
|
|
|
|
Market Value |
INR 9.25/- |
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 |
196.647 |
196.647 |
196.647 |
|
Reserves & Surplus |
9.876 |
(180.206) |
(396.345) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
206.523 |
16.441 |
(199.698) |
|
|
|
|
|
|
long-term borrowings |
502.005 |
145.580 |
139.520 |
|
Short term borrowings |
182.059 |
179.910 |
179.532 |
|
Current Maturities of Long
term debt |
77.929 |
428.862 |
458.533 |
|
Total
borrowings |
761.993 |
754.352 |
777.585 |
|
Debt/Equity
ratio |
3.690 |
45.882 |
(3.894) |
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 |
1216.249 |
1222.185 |
977.383 |
|
|
|
0.488 |
-20.030 |
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 |
1216.249 |
1222.185 |
977.383 |
|
Profit/ (Loss) |
(82.636) |
(190.083) |
(216.139) |
|
|
(6.79%) |
(15.55%) |
(22.11%) |
LEGAL CASES
|
CHIEF JUDICIAL MAGISTRATE Case Details
Case Type
: Complaint Cases Case Status
First Hearing Date : 17th January 2017 Next Hearing Date: 18th July 2017 Stage of Case: Arguments Court Number and Judge : 38-SPL.CJM(CUSTOM) Petitioner and Advocate
1) REGISTRAR OF
COMPANIES UTTAR PRADESH KANPUR Respondent and Advocate
1) M/S RAMA
PAPER MILLS LIMITED AND OTHERS Acts
|
|||||||||||||||||||||||||||||||
|
CHIEF JUDICIAL MAGISTRATE Case Details
Case Type : Complaint Cases Case Status
First Hearing Date : 17th January 2017 Next Hearing Date: 18th July 2017 Stage of Case: Arguments Court Number and Judge : 38-SPL.CJM(CUSTOM) Petitioner
and Advocate
1) REGISTRAR OF COMPANIES UTTAR PRADESH KANPUR Respondent
and Advocate
1) M/S RAMA PAPER MILLS LIMITED AND OTHERS Acts
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B64957145 |
10403334 |
IDBI BANK LIMITED |
26/11/2010 |
- |
- |
30000000.0 |
IDBI TOWERWTC COMPLEXCUFFE PARADEMUMBAIMH400005IN |
|
2 |
A83543579 |
10212378 |
BANK OF BARODA |
30/03/2010 |
- |
- |
30000000.0 |
SME PUSA ROAD BRANCHNEW DELHIDL110008IN |
|
3 |
A43403401 |
10120374 |
IDBI BANK LIMITED |
06/08/2008 |
- |
- |
52500000.0 |
IDBI TOWER, WTC COMPLEXCUFFE PARADEMUMBAIMH400005IN |
|
4 |
B92971902 |
90273763 |
BANK OF BARODA |
26/08/2005 |
11/11/2013 |
- |
803100000.0 |
BASI KIRATPURBIJNORUP246731IN |
|
5 |
Y10397605 |
90281018 |
BANK OF BARODA |
26/08/2005 |
- |
- |
4000000.0 |
BASI KIRALPURBIJNORUPIN |
|
6 |
Y10396315 |
90279728 |
BANK OF BARODA |
26/08/2000 |
- |
- |
97000000.0 |
BASI KIRATPURBIJNORUPIN |
|
7 |
Y10391271 |
90274684 |
BANK OF BARODA |
29/11/1996 |
- |
- |
5000000.0 |
BASI KIRATPUR BRANCHBIJNORUPIN |
|
8 |
A88671805 |
90279933 |
PUNJAB NATIONAL BANK |
20/08/2001 |
- |
16/06/2010 |
38000000.0 |
7; BHIKAJI CAMA PALACEAFRECA AVENUENEW DELHIUP110066IN |
|
9 |
A83725572 |
10152616 |
BANK OF BARODA |
03/03/2009 |
- |
29/03/2010 |
50000000.0 |
SME PUSA ROAD BRANCH,16, VIKRAM TOWER,NEW DELHIDL110008IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and Advances from related parties |
8.600 |
10.500 |
|
Incorporate deposit |
130.920 |
135.080 |
|
|
|
|
|
Total |
139.520 |
145.580 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Guarantees |
30.000 |
30.000 |
|
Sales Tax |
3.411 |
3.411 |
|
Custom, Excise and Service Tax |
1.684 |
1.684 |
OPERATIONS
During the year, the Company has suffered the Net Loss of INR
216.139 against the Net Loss of INR 190.083 in the previous year, the turnover
has also been decreased to INR 998.378 million against the previous year
turnover of INR 1243.706 million. The loos has resulted mainly due to depressed
market conditions in paper industry, coupled with increase in raw material
cost. Moreover the due to the shortage of available working capital with the
Company the, installed capacity could be fully utilized, therefore economies of
scale could not be reached. .
CORPORATE OVERVIEW
Rama Paper Mills Limited (“Your Company”) is a leading
Indian Newsprint, Duplex Board, Tissue manufacturing Company.
FIXED ASSETS:
· Land
· Factory Building
· Plant and Machinery
· Building [colony]
· Vehicles
· Furniture and Office Equipments
· Turbine and Boiler
· Commercial Vehicles [Truck]
·
Computers
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 68.21 |
|
UK Pound |
1 |
INR 91.43 |
|
Euro |
1 |
INR 80.24 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHI |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RUP |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
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.