|
|
|
MIRA
INFORM REPORT
|
Report No. : |
510481 |
|
Report Date : |
26.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
R. R. ENERGY LIMITED |
|
|
|
|
Registered
Office : |
Village Gurhumaria Jharsuguda Road, Raigarh – 496001,
Chattisgarh |
|
Mob. No.: |
Not Available |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
27.04.2004 |
|
|
|
|
Com. Reg. No.: |
33-016580 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 66.960 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40109CT2004PLC016580 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCR8829B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Subject is engaged in following sectors: ·
Power Generation ·
Manufacturing of Ferro Alloys ·
Infrastructure Contractor, Road and Bridge Construction, Dam etc. ·
Coal Trading, etc. [Registered Activity] |
|
|
|
|
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 : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2004 and it is engaged as manufacturer of ferro alloys. For the financial year 2017, the company has achieved decent growth in its revenue as compared to its previous year and has shown improved profit margin during the year. The company possesses moderate financial risk profile marked by subdued net worth base and weak debt protection metrics. Rating further gets constrained on account of continuous operational losses incurred which has impacted into low reserve level resulting into tight liquidity position. However, these rating weakness gets partially offset by its established track record of its business operations, improvement in its profitability and extensive experience of its promoters’. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business dealing at with some caution. |
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 |
INDIA RAITNG |
|
Rating |
Long Term Rating = D |
|
Rating Explanation |
Lowest credit quality and very low prospects of recovery |
|
Date |
02.02.2017 |
|
Rating Agency Name |
INDIA RAITNG |
|
Rating |
Short Term Rating = D |
|
Rating Explanation |
Lowest credit quality and very low prospects of recovery |
|
Date |
02.02.2017 |
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 26.05.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
Management Non-Cooperative (Tel. No.: 91-77622333)
Tel. No.: 91-9926805721 is closed.
91-7762-233385 /
233386 is incorrect.
LOCATIONS
|
Registered Office : |
Village Gurhumaria Jharsuguda Road, Raigarh – 496001,
Chattisgarh, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Ashok Kumar Agrawal |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Agrawal Bhawan' Vidya UP- Nagar Bilaspur – 495001,
Chattisgarh, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.01.1965 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.09.2005 |
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DIN No.: |
00288150 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rajendra Kumar Agrawal |
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|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Surva Mangala Road 62, Transport Nagar Korba – 495677,
Chhattisgarh, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.04.1958 |
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Date of Appointment : |
27.04.2004 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00526453 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Amar Agrawal |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
65, Transport Nagar Korba – 495677, Chhattisgarh, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.06.1964 |
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|
Date of Appointment : |
14.09.2005 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00526488 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Prabhunath Pandit |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
S/o Late Ramyash Pandit Ratu Road Ranchi – 834005,
Jharkhand, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.10.1964 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.10.2007 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01807553 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Aman Agrawal |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
P-34/B, Kranti Nagar Jain Mandir Bilaspur 495004 Ct In |
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|
Date of Birth/Age : |
04.06.1964 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.07.2012 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02976142 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Subhash Chander Singhal |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C/O Rajendra Agrawal Patel Para Korba – 495677,
Chhattisgarh, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.04.1959 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.10.2004 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03196747 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
3.45 |
|
Public/Other than promoters – (Individual/ Hindu Undivided Family –
Indian) |
36.06 |
|
Public/Other than promoters – Bodies
corporate |
60.49 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in following sectors: ·
Power Generation ·
Manufacturing of Ferro Alloys ·
Infrastructure Contractor, Road and Bridge Construction, Dam etc. ·
Coal Trading, etc. [Registered Activity] |
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Products : |
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|
||||||||||
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Brand Names : |
Not Divulged |
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|
||||||||||
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Agencies Held : |
Not Divulged |
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|
||||||||||
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Exports : |
Not Divulged |
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|
|
||||||||||
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Imports : |
Not Divulged |
||||||||||
|
|
|
||||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
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No. of Employees : |
Information declined by the management |
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|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : [As On 31.03.2016] |
|
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Natwar Vinod and Company Chartered Accountants |
|
Address : |
Manisha, Rajendra Nagar Chowk, Link Road, Above Bank of India, Bilaspur
– 495001, Chattisgarh, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFN8410B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
INR 10/- each |
INR 80.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6696000 |
Equity Shares |
INR 10/- each |
INR 66.960 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees 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 |
66.960 |
66.960 |
64.460 |
|
(b) Reserves and Surplus |
405.852 |
397.584 |
682.781 |
|
(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) |
472.812 |
464.544 |
747.241 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
677.127 |
742.426 |
874.980 |
|
(b) Deferred tax liabilities (Net) |
14.929 |
19.787 |
19.602 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
692.056 |
762.213 |
894.582 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
222.117 |
235.896 |
241.152 |
|
(b) Trade
payables |
246.294 |
234.803 |
142.256 |
|
(c) Other
current liabilities |
120.335 |
113.370 |
95.656 |
|
(d) Short-term
provisions |
0.360 |
0.425 |
0.572 |
|
Total Current
Liabilities (4) |
589.106 |
584.494 |
479.636 |
|
|
|
|
|
|
TOTAL |
1753.974 |
1811.251 |
2121.459 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
595.430 |
674.899 |
783.926 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 |
387.337 |
387.337 |
431.687 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
82.112 |
82.112 |
76.701 |
|
(e) Other
Non-current assets |
128.540 |
185.025 |
237.450 |
|
Total Non-Current
Assets |
1193.419 |
1329.373 |
1529.764 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
297.055 |
348.262 |
410.773 |
|
(c) Trade
receivables |
213.914 |
67.938 |
32.912 |
|
(d) Cash and
bank balances |
25.480 |
18.700 |
82.192 |
|
(e)
Short-term loans and advances |
24.106 |
46.978 |
65.818 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
560.555 |
481.878 |
591.695 |
|
|
|
|
|
|
TOTAL |
1753.974 |
1811.251 |
2121.459 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
694.443 |
398.837 |
933.493 |
|
|
Other Income |
5.005 |
7.654 |
21.316 |
|
|
TOTAL |
699.448 |
406.491 |
954.809 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
324.496 |
408.777 |
630.701 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
109.768 |
(16.475) |
66.382 |
|
|
Employee benefit expense |
25.635 |
26.595 |
30.196 |
|
|
Other expenses |
33.952 |
59.734 |
102.635 |
|
|
TOTAL |
493.851 |
478.631 |
829.914 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
205.597 |
(72.140) |
124.895 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
109.705 |
123.944 |
121.360 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
95.892 |
(196.084) |
3.535 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
92.482 |
111.428 |
109.082 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3.410 |
(307.512) |
(105.547) |
|
|
|
|
|
|
|
Less |
TAX |
(4.858) |
0.185 |
(13.375) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
8.268 |
(307.697) |
(92.172) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.23 |
(45.95) |
(14.30) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
276.840 |
(241.582) |
NA |
|
Net cash flows from (used in) operating activities |
273.629 |
(262.113) |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days [Sundry Debtors
/ Income * 365] |
|
112.43 |
62.17 |
12.87 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
3.25 |
5.87 |
28.36 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
277.04 |
209.66 |
82.33 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.69 |
(0.21) |
0.30 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.35 |
(0.11) |
0.16 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio
[(Borrowing + Current Liabilities) / Total Assets] |
|
0.72 |
0.73 |
0.64 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
1.90 |
2.11 |
1.49 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
1.25 |
1.26 |
0.64 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
1.26 |
1.45 |
1.05 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
1.87 |
(0.58) |
1.03 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
1.19 |
(77.15) |
(9.87) |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
0.47 |
(16.99) |
(4.34) |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
1.75 |
(66.24) |
(12.33) |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio
[Current Assets / Current Liabilities] |
|
0.95 |
0.82 |
1.23 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.45 |
0.23 |
0.38 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.27 |
0.26 |
0.35 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
13.43 |
14.61 |
17.32 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
0.95 |
0.82 |
1.23 |
Total Liability = Short-term Debt + Long-term Debt + Current
Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
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 |
64.460 |
66.960 |
66.960 |
|
Reserves & Surplus |
682.781 |
397.584 |
405.852 |
|
Net worth |
747.241 |
464.544 |
472.812 |
|
|
|
|
|
|
long-term borrowings |
874.980 |
742.426 |
677.127 |
|
Short term borrowings |
241.152 |
235.896 |
222.117 |
|
Total borrowings |
1116.132 |
978.322 |
899.244 |
|
Debt/Equity ratio |
1.494 |
2.106 |
1.902 |
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 |
933.493 |
398.837 |
694.443 |
|
|
|
(57.275) |
74.117 |
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 |
933.493 |
398.837 |
694.443 |
|
Profit/(Loss) |
(92.172) |
(307.697) |
8.268 |
|
|
(9.87%) |
(77.15%) |
1.19% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
|
III.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
66.960 |
|
(b) Reserves and Surplus |
|
|
580.433 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
(d) Minority interest |
|
|
0.995 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
647.393 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
477.432 |
|
(b) Deferred tax liabilities (Net) |
|
|
14.929 |
|
(c) Other long-term
liabilities |
|
|
0.000 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
492.361 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
|
222.117 |
|
(b) Trade
payables |
|
|
261.294 |
|
(c) Other
current liabilities |
|
|
120.380 |
|
(d) Short-term
provisions |
|
|
0.360 |
|
Total Current
Liabilities (4) |
|
|
604.151 |
|
|
|
|
|
|
TOTAL |
|
|
1744.900 |
|
|
|
|
|
|
IV.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
600.615 |
|
(ii)
Intangible Assets |
|
|
175.500 |
|
(iii) Tangible assets
capital work-in-progress |
|
|
0.299 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
192.337 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d)
Long-term loans and advances |
|
|
82.112 |
|
(e) Other
Non-current assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
1050.863 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
425.596 |
|
(c) Trade
receivables |
|
|
213.914 |
|
(d) Cash and
bank balances |
|
|
25.582 |
|
(e)
Short-term loans and advances |
|
|
28.616 |
|
(f) Other
current assets |
|
|
0.329 |
|
Total
Current Assets |
|
|
694.037 |
|
|
|
|
|
|
TOTAL |
|
|
1744.900 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
|
694.443 |
|
|
Other Income |
|
|
5.005 |
|
|
TOTAL |
|
|
699.448 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
|
324.497 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
109.768 |
|
|
Employee benefit expense |
|
|
25.635 |
|
|
Other expenses |
|
|
33.957 |
|
|
TOTAL |
|
|
493.857 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
|
205.591 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
109.705 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
95.886 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
|
92.482 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
|
3.404 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
(4.858) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
|
8.262 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
1.23 |
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 |
Yes |
|
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 |
No |
|
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 |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Unsecured Loans |
NA |
213.195 |
|
|
|
|
|
Total |
NA |
213.195 |
INDEX OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G37108677 |
100080170 |
State Bank of India |
23/01/2017 |
- |
- |
80000000.0 |
2ND FLOOR, PUJARI COMPLEX,PACHPEDI NAKA,RAIPURCT490026IN |
|
2 |
B82548009 |
10444003 |
SREI Equipment Finance Private Limited |
30/06/2013 |
- |
- |
2180000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
3 |
C36032514 |
80028706 |
State Bank of India |
21/10/2005 |
11/11/2014 |
- |
1231000000.0 |
Commercial Branch, 2nd Floor, Pujari Chmabers,Pachpedi Naka,RaipurCT492001IN |
|
4 |
G46571576 |
10534962 |
IDBI Bank Limited |
11/11/2014 |
- |
16/06/2017 |
100000000.0 |
First Floor, Simran Tower, Opp. LIC Main Building,PandriRaipurCT492001IN |
|
5 |
G46158622 |
10372634 |
HDFC BANK LIMITED |
04/07/2012 |
- |
06/06/2017 |
1962000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
6 |
G46158424 |
10416004 |
HDFC BANK LIMITED |
02/02/2013 |
- |
06/06/2017 |
3080000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
7 |
G46157764 |
10517113 |
HDFC BANK LIMITED |
26/05/2014 |
- |
06/06/2017 |
2035500.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
8 |
G47498415 |
10218663 |
State Bank of India |
25/03/2010 |
11/11/2014 |
05/06/2017 |
431000000.0 |
Commercial Branch2nd Floor, Pujari Chambers, Pachpedi NakaRaipurCT492001IN |
|
9 |
G09157017 |
10204195 |
Allahabad Bank |
05/02/2010 |
- |
22/07/2016 |
35000000.0 |
Gaurishankar Mandir RoadRaigarhCT496001IN |
|
10 |
B69716579 |
10241458 |
STATE BANK OF INDIA |
08/09/2010 |
- |
06/03/2013 |
100000000.0 |
COMMERCIAL BRANCHPUJARI CHAMBERS, PACHPEDI NAKARAIPURCT492001IN |
|
11 |
B69780120 |
10039163 |
STATE BANK OF INDORE |
24/02/2007 |
- |
06/03/2013 |
65000000.0 |
SME BRANCH, OPPOSITE RAJKUMAR COLLEGEG. E. ROADRAIPURCT492001IN |
FIXED ASSETS
- Land and Site
Development
- Building
- Plant and
Machinery
- Furniture and
Fixture
- Vehicle
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 68.39 |
|
|
1 |
INR 91.44 |
|
Euro |
1 |
INR 80.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHR |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
NO |
|
--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.