|
|
|
MIRA INFORM REPORT
|
Report No. : |
510352 |
|
Report Date : |
25.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
BALAJEE INFRATECH AND CONSTRUCTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
601-602, Advent Atria, Chincholi Bunder Road, Opposite Kingstone Tower, Malad (West), Mumbai – 400064, Maharashtra |
|
Tel. No.: |
91-22-40828300 / 8301 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of Incorporation
: |
18.10.1999 |
|
|
|
|
Com. Reg. No.: |
11-122251 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 31.368 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH1999PTC122251 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB3624M |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
The company continues to be engaged in the business of infrastructure construction activities with special emphasis on works related to development of airport runways, test tracks, rail tracks, mining, road construction, construction of bridges, ash dykes and various other construction projects. (Registered activity) |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 2300000 |
|
|
|
|
Status : |
Good |
|
|
|
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Payment Behaviour : |
Usually correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company incorporated in the year 1999 having
good track records. For the FY ended 2017, the company has witnessed a growth in its
revenue and has reported fair profit margin at 5.23% (approximately). The company possesses sound financial profile marked by healthy net
worth base along with low debt level and favorable gap between trade payables
to its trade receivables. The company also derives strength from its long established track
record of business operations. Trade relations are reported as fair. Business is active. Payment
terms are seems to be usually correct and as per commitments. 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 25.05.2018
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.: 91-22-40828300)
LOCATIONS
|
Registered Office : |
601-602, Advent Atria, Chincholi Bunder Road, Opposite Kingstone Tower, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-40828300 / 8301 |
|
Fax No.: |
91-22-40828393 |
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E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Mukesh Pashupatinath Dokania |
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|
Designation : |
Director |
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|
Address : |
C-801, Anmol CHS Limited, S V Road, Near Patel Auto Pump, Goregaon (West), Mumbai – 400062, Maharashtra, India |
||||||||||||||||||||
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Date of Birth/Age.: |
11.10.1968 |
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Date of Appointment : |
18.10.1999 |
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PAN No.: |
AABPD8356K |
||||||||||||||||||||
|
DIN No.: |
00486271 |
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Other Directorship:
|
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|
||||||||||||||||||||
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Name : |
Mr. Manish Pashupatinath Dokania |
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Designation : |
Director |
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|
Address : |
C/902, Anmol Excel CHS Limited, S V Road, Near Patel Auto Pump, Goregaon (West), Mumbai – 400062, Maharashtra, India |
||||||||||||||||||||
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Date of Birth/Age.: |
22.12.1971 |
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Date of Appointment : |
18.10.1999 |
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PAN No.: |
AABPD8355L |
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DIN No.: |
00486330 |
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Other Directorship:
|
|||||||||||||||||||||
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|
||||||||||||||||||||
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Name : |
Mr. Manoj Pashupatinath Dokania |
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|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
C/902, Anmol Excel CHS Limited, S V Road, Near Patel Auto Pump, Goregaon (West), Mumbai – 400062, Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age.: |
15.08.1974 |
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Date of Appointment : |
18.10.1999 |
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PAN No.: |
AABPD8354M |
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DIN No.: |
00486434 |
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Other Directorship:
|
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|
||||||||||||||||||||
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Name : |
Mr. Ashish Pashupatinath Dokania |
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Designation : |
Director |
||||||||||||||||||||
|
Address : |
C/803, Anmol Excel CHS Limited, S V Road, Near Patel Auto Pump, Goregaon (West), Mumbai – 400062, Maharashtra, India |
||||||||||||||||||||
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Date of Birth/Age.: |
15.07.1976 |
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Date of Appointment : |
18.10.1999 |
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PAN No.: |
AABPD8383N |
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DIN No.: |
00486475 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Mukesh Dokania |
|
783750 |
|
Jamuna Devi Dokania |
|
5640 |
|
Sangeeta Dokania |
|
5640 |
|
Reena Dokania |
|
8240 |
|
Anuradha Dokania |
|
5640 |
|
Nisha Dokania |
|
5640 |
|
Archana Saraf |
|
300 |
|
Manish Dokania |
|
778750 |
|
Manoj Dokania |
|
778750 |
|
Ashish Dokania |
|
763750 |
|
Neeraj Singhania (B/o Neeraj Singhania-HUF) |
|
100 |
|
Manju Devi Singhania |
|
100 |
|
Santosh Kumar Singhania (B/o S. K Singhania-HUF) |
|
100 |
|
Bimal Dokania |
|
100 |
|
Neelam Amit Gupta |
|
100 |
|
Amit Kumar Gupta (B/o of Amit Kumar Gupta – HUF) |
|
100 |
|
Ravi M Jhunjhunwala |
|
100 |
|
|
|
|
|
Total |
|
3136800 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
98.99 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
1.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company continues to be engaged in the business of infrastructure construction activities with special emphasis on works related to development of airport runways, test tracks, rail tracks, mining, road construction, construction of bridges, ash dykes and various other construction projects. (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 : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Financial Institutions.: |
One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra, India |
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|
|
|
Auditors : |
|
|
Name : |
R. S. Sanghai and Associates Chartered Accountants |
|
Address : |
A/403 Rajkamal Heights, Rajkamal Marg, Dr. S S Rao Road, Parel, Mumbai – 400012, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAPFR7414J |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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Subsidiary : |
U45202MH2007PTC176661 |
|
|
|
|
Enterprises which
are owned or have significant influence of or are partners with Key
management personnel and their relatives.: |
U45400MH2011PTC221762
U13203MH2010PTC202377
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3136800 |
Equity Shares |
INR 10/- each |
INR 31.368
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees 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 |
31.368 |
31.368 |
31.368 |
|
(b) Reserves and Surplus |
772.296 |
646.543 |
575.117 |
|
(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) |
803.664 |
677.911 |
606.485 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
159.619 |
126.153 |
178.713 |
|
(b) Deferred tax liabilities (Net) |
2.275 |
2.544 |
5.355 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
13.000 |
|
(d) long-term
provisions |
15.976 |
13.979 |
11.813 |
|
Total Non-current
Liabilities (3) |
177.870 |
142.676 |
208.881 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
152.528 |
190.707 |
172.589 |
|
(b) Trade payables |
363.976 |
313.725 |
211.952 |
|
(c) Other
current liabilities |
296.503 |
272.079 |
236.879 |
|
(d) Short-term
provisions |
50.241 |
26.300 |
18.388 |
|
Total Current
Liabilities (4) |
863.248 |
802.811 |
639.808 |
|
|
|
|
|
|
TOTAL |
1844.782 |
1623.398 |
1455.174 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
602.006 |
490.190 |
516.493 |
|
(ii)
Intangible Assets |
0.467 |
0.308 |
0.622 |
|
(iii) Tangible assets capital
work-in-progress |
0.678 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.689 |
0.689 |
0.689 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
3.932 |
3.845 |
12.332 |
|
(e) Other
Non-current assets |
12.000 |
8.139 |
3.767 |
|
Total Non-Current
Assets |
619.772 |
503.171 |
533.903 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
20.021 |
6.869 |
5.208 |
|
(b)
Inventories |
303.357 |
169.668 |
159.839 |
|
(c) Trade
receivables |
761.905 |
805.917 |
645.549 |
|
(d) Cash and
bank balances |
29.459 |
32.485 |
25.399 |
|
(e)
Short-term loans and advances |
109.389 |
104.322 |
84.640 |
|
(f) Other current
assets |
0.879 |
0.966 |
0.636 |
|
Total
Current Assets |
1225.010 |
1120.227 |
921.271 |
|
|
|
|
|
|
TOTAL |
1844.782 |
1623.398 |
1455.174 |
PROFIT
& LOSS ACCOUNT – (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2402.922 |
1934.345 |
1621.749 |
|
|
Other Income |
9.633 |
4.369 |
7.192 |
|
|
TOTAL |
2412.555 |
1938.714 |
1628.941 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
739.938 |
560.914 |
562.088 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(94.424) |
28.592 |
(31.477) |
|
|
Employee benefit expense |
317.250 |
293.767 |
246.547 |
|
|
Other expenses |
1128.576 |
812.526 |
645.477 |
|
|
TOTAL |
2091.340 |
1695.799 |
1422.635 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
321.215 |
242.915 |
206.306 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
57.665 |
64.576 |
63.255 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
263.550 |
178.339 |
143.051 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
67.863 |
64.604 |
62.358 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
195.687 |
113.735 |
80.693 |
|
|
|
|
|
|
|
Less |
TAX |
69.934 |
42.309 |
26.309 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
125.753 |
71.426 |
54.384 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
40.09 |
22.77 |
17.34 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
81.585 |
83.002 |
122.986 |
|
Net cash flows from (used in) operations |
319.709 |
187.934 |
184.945 |
|
Net cash flows from (used in) operating activities |
249.507 |
142.814 |
159.630 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
115.73 |
152.07 |
145.29 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
3.15 |
2.40 |
2.51 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
179.54 |
204.15 |
137.63 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
1.06 |
1.43 |
1.29 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.53 |
0.50 |
0.40 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.60 |
0.62 |
0.65 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.49 |
0.59 |
0.78 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
1.07 |
1.18 |
1.05 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.75 |
0.72 |
0.85 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial Charges] |
|
5.57 |
3.76 |
3.26 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
5.23 |
3.69 |
3.35 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
6.82 |
4.40 |
3.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
15.65 |
10.54 |
8.97 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.42 |
1.40 |
1.44 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.07 |
1.18 |
1.19 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.44 |
0.42 |
0.42 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
12.55 |
12.75 |
15.12 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.42 |
1.40 |
1.44 |
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 |
31.368 |
31.368 |
31.368 |
|
Reserves & Surplus |
575.117 |
646.543 |
772.296 |
|
Net
worth |
606.485 |
677.911 |
803.664 |
|
|
|
|
|
|
Long-term borrowings |
178.713 |
126.153 |
159.619 |
|
Short term borrowings |
172.589 |
190.707 |
152.528 |
|
Current maturities of
long-term debts |
122.986 |
83.002 |
81.585 |
|
Total
borrowings |
474.288 |
399.862 |
393.732 |
|
Debt/Equity
ratio |
0.782 |
0.590 |
0.490 |
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 |
1621.749 |
1934.345 |
2402.922 |
|
|
|
19.275 |
24.224 |
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 |
1621.749 |
1934.345 |
2402.922 |
|
Profit/ (Loss) |
54.384 |
71.426 |
125.753 |
|
|
3.35
% |
3.69
% |
5.23
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
31.368 |
31.368 |
|
(b) Reserves and Surplus |
|
772.228 |
646.516 |
|
(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) |
|
803.596 |
677.884 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
159.739 |
126.253 |
|
(b) Deferred tax liabilities (Net) |
|
2.275 |
2.544 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
15.976 |
13.979 |
|
Total Non-current
Liabilities (3) |
|
177.990 |
142.776 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
152.528 |
190.707 |
|
(b) Trade
payables |
|
363.976 |
313.725 |
|
(c) Other
current liabilities |
|
296.520 |
272.080 |
|
(d) Short-term
provisions |
|
50.241 |
26.299 |
|
Total Current
Liabilities (4) |
|
863.265 |
802.811 |
|
|
|
|
|
|
TOTAL |
|
1844.851 |
1623.471 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
602.006 |
490.190 |
|
(ii)
Intangible Assets |
|
0.523 |
0.364 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.678 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.615 |
0.615 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
3.942 |
3.855 |
|
(e) Other
Non-current assets |
|
12.000 |
8.139 |
|
Total Non-Current
Assets |
|
619.764 |
503.163 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
20.021 |
6.569 |
|
(b)
Inventories |
|
303.357 |
169.668 |
|
(c) Trade
receivables |
|
761.905 |
805.917 |
|
(d) Cash and
bank balances |
|
29.537 |
32.867 |
|
(e)
Short-term loans and advances |
|
109.388 |
104.321 |
|
(f) Other
current assets |
|
0.879 |
0.966 |
|
Total
Current Assets |
|
1225.087 |
1120.308 |
|
|
|
|
|
|
TOTAL |
|
1844.851 |
1623.471 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
2402.922 |
1934.345 |
|
|
Other Income |
|
9.633 |
3.629 |
|
|
TOTAL |
|
2412.555 |
1937.974 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
739.938 |
560.914 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(94.424) |
28.592 |
|
|
Employee benefit expense |
|
317.250 |
293.767 |
|
|
Other expenses |
|
1128.614 |
811.794 |
|
|
TOTAL |
|
2091.378 |
1695.067 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
321.177 |
242.907 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
57.669 |
64.577 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
263.508 |
178.330 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
67.863 |
64.604 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
195.645 |
113.726 |
|
|
|
|
|
|
|
Less |
TAX |
|
69.934 |
42.406 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
125.711 |
71.320 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
40.076 |
22.737 |
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 |
No |
|
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 |
No |
|
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 |
STATE OF AFFAIRS:
The company continues to be engaged in the business of infrastructure construction activities with special emphasis on works related to development of airport runways, test tracks, rail tracks, mining, road construction, construction of bridges, ash dykes and various other construction projects.
The highlights of the
Company’s performance during the F.Y. 2016-17 are as under:-
· Revenue from operations increased by 24.22% from INR 1934.345 Million to INR 2402.922 Million.
· Net Profit for the year increased by 76.06% from INR 71.426 Million to INR 125.753 Million.
· Earnings per share have increased by 76.06% from INR 22.77 to INR 40.09 Million.
The increase in revenue, net profit and EPS as mentioned above is accredited to increase in turnover and operational efficiency in comparison to the last financial year.
INTRODUCTION :
The company considers Corporate Social Responsibility as a process for enhancing the lives of the community in which it operates and strongly believes in contributing towards social welfare of the people and the betterment of the society at large, more specifically, for the deprived and the under privileged people. This Policy lays down the guidelines and mechanism for undertaking socially useful programmes for the welfare and sustainable development of the community at large.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
11.718 |
11.484 |
|
Loans and advances from others |
16.963 |
16.883 |
|
Other loans and advances |
19.743 |
14.643 |
|
|
|
|
|
Total |
48.424 |
43.010 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G87373619 |
100176722 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
23/04/2018 |
- |
- |
595000.0 |
One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra, India |
|
2 |
G86796745 |
100174834 |
SUNDARAM FINANCE LIMITED |
23/04/2018 |
- |
- |
646000.0 |
21 Patullos Road, Chennai – 600002, Tamilnadu, India |
|
3 |
G86796620 |
100174835 |
SUNDARAM FINANCE LIMITED |
23/04/2018 |
- |
- |
587000.0 |
21 Patullos Road, Chennai – 600002, Tamilnadu, India |
|
4 |
G86796869 |
100174836 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
23/04/2018 |
- |
- |
871250.0 |
One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra, India |
|
5 |
G86797107 |
100174837 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
23/04/2018 |
- |
- |
1278995.0 |
One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra, India |
|
6 |
G86797123 |
100174838 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
23/04/2018 |
- |
- |
1278995.0 |
One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra, India |
|
7 |
G86797131 |
100174839 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
23/04/2018 |
- |
- |
1278995.0 |
One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra, India |
|
8 |
G86797529 |
100174840 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
23/04/2018 |
- |
- |
595000.0 |
One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra, India |
|
9 |
G86837929 |
100174959 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
23/04/2018 |
- |
- |
1275000.0 |
One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra, India |
|
10 |
G86838117 |
100174962 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
23/04/2018 |
- |
- |
3145000.0 |
One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Guarantees |
255.470 |
197.127 |
|
Other money for which company is contingently liable |
8.385 |
9.262 |
FIXED ASSETS
- Land
- Buildings
- Office building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 68.09 |
|
|
1 |
INR 91.41 |
|
Euro |
1 |
INR 79.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
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.