|
|
|
MIRA
INFORM REPORT
|
Report No. : |
509559 |
|
Report Date : |
24.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHARP FERRO ALLOYS LIMITED [w.e.f. 11.12.2003] |
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|
|
|
Formerly Known
As : |
MONNET FERRO ALLOYS LIMITED [w.e.f. 01.12.1995] SANDEEP FERRO ALLOYS LIMITED |
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|
Registered
Office : |
Mauza-Kamalpur, Nachan Road, Durgapur, Paschim Bardhama-713204, West Bengal |
|
Tel. No.: |
91-343-2564187 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
02.07.1990 |
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|
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|
Com. Reg. No.: |
21-093185 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 156.917 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27101WB1990PLC093185 |
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|
|
|
IEC No.: [Import-Export Code No.] |
0598034897 |
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|
|
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GSTN : [Goods & Service Tax
Registration No.] |
19AAHCS8998M1Z2 |
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TIN No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AAHCS8998M |
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|
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing of Ferro Alloys and Steel and Dealing of all kinds of Ferrous and Non-Ferrous Metals, Alloys and Steel Items, etc. [Registered Activity] |
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|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 1990 and it is primarily engaged
in the manufacturing of Ferro alloys. It manufactures various grades of
high-carbon Ferro manganese, silico manganese and low-carbon Ferro manganese
and Ferro titanium. The grades are differentiated on the basis of content of
various elements, viz, carbon, silicon, manganese, etc. For the financial year 2017, the company has achieved decent growth of
40.94% in its revenue profile and has managed to improve its profitability
margin during the year. Rating takes into consideration the company’s established track record
of business operations marked by its average financial base along with sound
net worth position and average debt coverage indicators. Rating continue to derive comfort from the experience of the promoters
and management in the ferro and alloy industry. However, rating strength is partially offset by low profitability
margins due to limited value additive nature of operations, working capital
intensive nature of business operations and exposure to commodity price
cycle. Trade relations are reported to be fair. Payment seems to be usually
correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating=BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
29.12.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating=A3 |
|
Rating Explanation |
Moderate degree of safety and higher 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 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 BY
|
Name : |
Mr. Nitin |
|
Designation : |
Sales Department |
|
Contact No.: |
91-343-2564187/ 2562776 |
|
Date : |
18.05.2017 |
|
|
|
|
Name : |
Mr. Ashok Agarwal |
|
Designation : |
President Finance |
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Contact No.: |
91-11-27377131 |
|
Date : |
18.05.2017 |
LOCATIONS
|
Registered Office/ Factory: |
Mauza-Kamalpur, Nachan Road, Durgapur, Paschim Bardhama-713204, West Bengal, India |
|
Tel. No.: |
91-343-2564187/ 2562776 |
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Fax No.: |
91-343-2566949/ 2562776 |
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E-Mail : |
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|
Website : |
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Corporate/ Head
Office : |
DSM 546-547, DLF Tower, 15, Shivaji Marg, Najafgarh Road, New Delhi-110015, India |
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Tel No.: |
91-11-40950000-15/ 27377131 |
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Fax No.: |
91-11-40950010 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Tushar Rawat |
|
Designation : |
Managing Director |
|
Address : |
A-255, Derawal Nagar, G-T Karnal Road, New Delhi - 110009, India |
|
Date of Birth/Age : |
18.08.1981 |
|
Qualification : |
M.B.A |
|
Date of Appointment : |
05.07.2003 |
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PAN No.: |
ADIPR1714P |
|
DIN No.: |
00512880 |
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|
|
|
Name : |
Mrs. Lakshmi Narain Gupta |
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Designation : |
Director |
|
Address : |
26 Shakespeare Sarani, Kolkata - 700017, West Bengal, India |
|
Date of Birth/Age : |
24.12.1938 |
|
Qualification : |
Non- Graduate |
|
Date of Appointment : |
17.08.2006 |
|
PAN No.: |
ADXPG6106H |
|
DIN No.: |
00856808 |
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|
|
|
Name : |
Mrs. Kamla Devi |
|
Designation : |
Director |
|
Address : |
A-255, Derawal Nagar, New Delhi-110009, India |
|
Date of Birth/Age : |
22.03.1935 |
|
Qualification : |
Non Matric |
|
Date of Appointment : |
20.04.2009 |
|
PAN No.: |
AAJPD5937E |
|
DIN No.: |
02650633 |
|
|
|
|
Name : |
Mr. Nitesh Khandelwal |
|
Designation : |
Additional Director |
|
Address : |
128 D, U & V Block (West), Shalimar Bagh,
Delhi-110088, India |
|
Date of Appointment : |
01.12.2017 |
|
DIN No.: |
03595228 |
|
|
|
|
Name : |
Mr. Gulshan Chawla |
|
Designation : |
Director |
|
Address : |
49, Sweet Home Apartment, Plot No-7, Rohini, Delhi-110085, India |
|
Date of Birth/Age : |
18.10.1962 |
|
Qualification : |
Non- Graduate |
|
Date of Appointment : |
10.08.2015 |
|
PAN No.: |
ACSPC7950M |
|
DIN No.: |
07253843 |
|
|
|
|
Name : |
Mr. Sohan Kumar |
|
Designation : |
Director |
|
Address : |
C-212, GL No-10, Saroop Vihar Nathu Pura, Delhi-110084, India |
|
Date of Birth/Age : |
03.04.1970 |
|
Qualification : |
Non- Graduate |
|
Date of Appointment : |
13.08.2015 |
|
PAN No.: |
BCTPK9019H |
|
DIN No.: |
07260412 |
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|
|
|
Name : |
Mr. Piyush Khandelwal |
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Designation : |
Additional Director |
|
Address : |
H-2/6, Model Town II, New Delhi-110009, India |
|
Date of Appointment : |
01.12.2017 |
|
DIN No.: |
08007586 |
KEY EXECUTIVES
|
Name : |
Mr. Naresh Rawat |
|
Designation : |
Chief Executive Officer |
|
Address : |
A-255, Derawal Nagar, G.T. Karnal Road, New Delhi - 110009, India |
|
Date of Birth/Age : |
06/10/1955 |
|
Qualification : |
Non- Graduate |
|
Date of Appointment : |
27.10.2014 |
|
PAN No.: |
AAEPR8495G |
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|
|
|
Name : |
Ms. Monika Gupta |
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Designation : |
Company Secretary |
|
Address : |
Bk-63, Shalimar Bagh West, New Delhi - 110088, India |
|
Date of Appointment : |
01.10.2014 |
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PAN No.: |
AMNPG5134G |
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|
|
|
Name : |
Mr. Mukesh Kumar Jain |
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Designation : |
Chief Financial Officer |
|
Address : |
160 Engineers Estate, 21I P, Ext P P, Ganj, Delhi-110092, India |
|
Date of Appointment : |
06.02.2018 |
|
PAN No.: |
ACBPJ9090N |
|
|
|
|
Name : |
Mr. Nitin |
|
Designation : |
Sales Department |
|
|
|
|
Name : |
Mr. Ashok Agarwal |
|
Designation : |
President Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders [Equity Shares] |
No. of Shares |
|
|
Kailash Chandra Lath |
|
10 |
|
Naresh Kumar Dawar |
|
10 |
|
Amrit Pal |
|
10 |
|
Narendra Khanna |
|
10 |
|
Atul Bagla |
|
10 |
|
Asia Pacific Globex Limited |
|
6265000 |
|
Musha Trading and Exports Private Limited |
|
2517120 |
|
Tushar Rawat |
|
2120940 |
|
Sunshine Vinimay Private Limited |
|
1089000 |
|
Kamla Devi |
|
760000 |
|
Sheela Rawat |
|
714000 |
|
O.P Rawat HUF |
|
633605 |
|
Neelam Rawat |
|
604335 |
|
OPRK Ferro Alloys Limited |
|
537000 |
|
Naresh Rawat |
|
130000 |
|
Somaya Rawat |
|
128950 |
|
|
|
|
|
Total |
|
15500000 |
|
Names of Shareholders [Preference Shares] |
No. of Shares |
|
|
Technet Agrologics Private Limited |
|
16289 |
|
Gitz Financial Services Private Limited |
|
2881 |
|
|
|
|
|
Total |
|
19170 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
32.85 |
|
Promoters – Body Corporate |
50.91 |
|
Public/Other than promoters - Body Corporate |
16.24 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Ferro Alloys and Steel and Dealing of all kinds of Ferrous and Non-Ferrous Metals, Alloys and Steel Items, etc. [Registered Activity] |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Bank of India New Delhi Mid Corporate Branch, PTI Building, 4, Sansad Marg, New Delhi – 110001, India · Oriental Bank of Commerce Nachan Road, Benachity, Durgapur - 713213, West Bengal, India ·
Bank of India (Lead Bank) |
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Auditors : |
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|
Name : |
P.C. Bandal and Company Chartered Accountants |
|
Address : |
101, Sita Ram Mansion, 718/21, Joshi Road, New Delhi, India |
|
PAN No.: |
AAGPG6970P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and their
relatives : |
· Asia Pacific Globex Private Limited · Gunjan Ispat Private Limited · OPRK Ferro Alloys Private Limited |
|
|
|
|
Subsidiary Company : |
Sharp Ferro Alloys (Vizag) Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15500000 |
Equity Shares |
INR 10/- each |
INR 155.000 Million |
|
50000 |
Preference Shares |
INR 100/- each |
INR 5.000 Million |
|
|
Total |
|
INR 160.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15500000 |
Equity Shares |
INR 10/- each |
INR 155.000 Million |
|
19170 |
Preference Shares |
INR 100/- each |
INR 1.917 Million |
|
|
Total |
|
INR 156.917
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 |
156.917 |
155.000 |
153.860 |
|
(b) Reserves and Surplus |
589.843 |
545.415 |
588.625 |
|
(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) |
746.760 |
700.415 |
742.485 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
179.723 |
192.121 |
218.486 |
|
(b) Deferred tax liabilities (Net) |
65.573 |
44.140 |
82.134 |
|
(c) Other long-term
liabilities |
107.076 |
0.000 |
0.000 |
|
(d) long-term
provisions |
8.172 |
6.069 |
3.751 |
|
Total Non-current
Liabilities (3) |
360.544 |
242.330 |
304.371 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
613.829 |
661.138 |
645.566 |
|
(b) Trade
payables |
309.183 |
380.132 |
302.372 |
|
(c) Other
current liabilities |
439.655 |
547.016 |
620.008 |
|
(d) Short-term
provisions |
15.106 |
2.728 |
8.867 |
|
Total Current
Liabilities (4) |
1377.773 |
1591.014 |
1576.813 |
|
|
|
|
|
|
TOTAL |
2485.077 |
2533.759 |
2623.669 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
700.568 |
754.479 |
849.411 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
63.319 |
27.109 |
26.494 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
9.100 |
9.100 |
11.400 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
80.925 |
84.388 |
62.541 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
853.912 |
875.076 |
949.846 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
556.570 |
776.293 |
692.420 |
|
(c) Trade
receivables |
637.555 |
555.920 |
695.131 |
|
(d) Cash and
bank balances |
83.246 |
80.119 |
74.576 |
|
(e)
Short-term loans and advances |
254.709 |
171.573 |
184.121 |
|
(f) Other
current assets |
99.085 |
74.778 |
27.575 |
|
Total
Current Assets |
1631.165 |
1658.683 |
1673.823 |
|
|
|
|
|
|
TOTAL |
2485.077 |
2533.759 |
2623.669 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
4469.205 |
3171.081 |
4185.649 |
|
|
Other Income |
25.880 |
27.525 |
26.498 |
|
|
TOTAL |
4495.085 |
3198.606 |
4212.147 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1704.817 |
1383.653 |
1654.088 |
|
|
Purchases of Stock-in-Trade |
1118.920 |
756.076 |
1343.359 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
222.680 |
(129.648) |
25.675 |
|
|
Employee benefit expense |
63.063 |
57.335 |
55.124 |
|
|
Other expenses |
1153.081 |
1029.369 |
983.003 |
|
|
TOTAL |
4262.561 |
3096.785 |
4061.249 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
232.524 |
101.821 |
150.898 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
101.551 |
110.601 |
71.065 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
130.973 |
(8.780) |
79.833 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
69.745 |
76.414 |
63.774 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
61.228 |
(85.194) |
16.059 |
|
|
|
|
|
|
|
Less |
TAX |
23.533 |
(37.994) |
3.267 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
37.695 |
(47.200) |
12.792 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.43 |
(3.07) |
0.83 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
30.989 |
30.439 |
0.000 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
203.622 |
132.014 |
28.410 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
168.791 |
104.563 |
12.669 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
52.07 |
63.99 |
60.62 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.01 |
5.70 |
6.02 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
39.97 |
64.84 |
36.82 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.42 |
0.13 |
0.22 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.30 |
0.13 |
0.17 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.64 |
0.72 |
0.68 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.10 |
1.26 |
1.16 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.85 |
2.27 |
2.12 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.02 |
1.12 |
1.18 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.29 |
0.92 |
2.12 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.84 |
(1.49) |
0.31 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.52 |
(1.86) |
0.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.05 |
(6.74) |
1.72 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.18 |
1.04 |
1.06 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.78 |
0.55 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.30 |
0.28 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.25 |
5.70 |
5.62 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.18 |
1.04 |
1.06 |
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 |
153.860 |
155.000 |
156.917 |
|
Reserves & Surplus |
588.625 |
545.415 |
589.843 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
742.485 |
700.415 |
746.760 |
|
|
|
|
|
|
Long-term borrowings |
218.486 |
192.121 |
179.723 |
|
Short term borrowings |
645.566 |
661.138 |
613.829 |
|
Current maturities of
long-term debts |
0.000 |
30.439 |
30.989 |
|
Total
borrowings |
864.052 |
883.698 |
824.541 |
|
Debt/Equity
ratio |
1.164 |
1.262 |
1.104 |
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 |
4185.649 |
3171.081 |
4469.205 |
|
|
|
(24.239) |
40.936 |
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 |
4185.649 |
3171.081 |
4469.205 |
|
Profit/ (Loss) |
12.792 |
(47.200) |
37.695 |
|
|
0.31
% |
(1.49
%) |
0.84
% |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G37530656 |
10471340 |
Bank of India (Lead Bank) |
26/12/2013 |
31/01/2017 |
- |
135000000.0 |
New Delhi Mid Corporate BranchPTI Building, 4,Sansad MargNew DelhiDL110001IN |
|
2 |
G37533445 |
10160864 |
Bank of India (Lead Bank) |
18/04/2009 |
31/01/2017 |
- |
737500000.0 |
New Delhi Mid Corporate BranchPTI Building, 4,Sansad MargNew DelhiDL110001IN |
|
3 |
C75019687 |
10546582 |
ORIENTAL BANK OF COMMERCE |
11/12/2014 |
- |
19/12/2015 |
21000000.0 |
NACHAN ROADBENACHITYDURGAPURWB713213IN |
|
4 |
C73108557 |
10542626 |
Bank of India |
27/12/2014 |
- |
30/11/2015 |
30000000.0 |
New Delhi Mid Corporate Branch37,Shaheed Bhagat Singh Marg,Canaught PlaceNew DelhiDL110001IN |
|
5 |
C22503031 |
10501780 |
Bank of India |
13/05/2014 |
- |
19/09/2014 |
30000000.0 |
New Delhi Mid Corporate Branch37,Shaheed Bhagat Singh Marg,Canaught PlaceNew DelhiDL110001IN |
|
6 |
C16653081 |
10160866 |
Bank of India (Lead Bank) |
18/04/2009 |
16/05/2009 |
19/08/2014 |
279500000.0 |
New Delhi Corporate Banking Branch37, Shaheed Bhagat Singh Marg, Connaught PlaceNew DelhiDL110001IN |
|
7 |
B76367580 |
10031449 |
Standard Chartered Bank |
13/11/2006 |
- |
27/05/2013 |
17500000.0 |
10, PARLIAMENT STREET,NEW DELHIDL110005IN |
|
8 |
B28764546 |
10241032 |
Bank of India (Lead Bank) |
21/08/2010 |
- |
29/12/2011 |
120000000.0 |
New Delhi Corporate Banking Branch37, Shaheed Bhagat Singh Marg, Connaught PlaceNew DelhiDL110001IN |
|
9 |
A66575523 |
10150657 |
STATE BANK OF BIKANER & JAIPUR |
13/02/2009 |
- |
24/07/2009 |
67500000.0 |
CNW BRANCH , BARAKHAMBA ROAD,NEW DELHIDELHIDL110001IN |
|
10 |
A67057059 |
10154183 |
Oriental Bank of Commerce |
30/01/2009 |
- |
16/07/2009 |
35000000.0 |
Nachan Road, Benachity ,DurgapurWB713213IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
76.846 |
83.500 |
|
Loans and advances from directors |
53.373 |
33.525 |
|
|
|
|
|
Total |
130.219 |
117.025 |
CORPORATE INFORMATION
Sharp Ferro Alloys Limited is a public Company domiciled in India and incorporated under the provisions of the Companies Act, 2013.The Company is engaged in the manufacturing and selling of Ferro Alloys & Mild Steel and related product.
COMPANY OVERVIEW
The Company is engaged in the business of manufacturing of Ferro Alloys & Steel and dealing in all kinds of ferrous and non-ferrous metals, alloys and steel items etc.
FIXED ASSETS:
Tangible Assets
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, 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 : |
SHA |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
IND |
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.