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|
MIRA INFORM REPORT
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Report No. : |
511219 |
|
Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMARA RAJA BATTERIES LIMITED |
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|
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Registered
Office : |
Renigunta, Cuddapah Road, Karakambadi, Tirupati-517520, Andhra Pradesh |
|
Tel. No.: |
91-877-226500 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2018 |
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Date of
Incorporation : |
13.02.1985 |
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Com. Reg. No.: |
01-005305 |
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Capital
Investment / Paid-up Capital : |
INR 170.800 Million |
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CIN No.: [Company Identification
No.] |
L31402AP1985PLC005305 |
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IEC No.: [Import-Export Code No.] |
0988006723 |
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GSTIN : [Goods & Service Tax Registration No.] |
Not Divulged |
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TIN No : |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDA02631G |
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PAN No.: [Permanent Account No.] |
AABCA9264E |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Subject is engaged in Manufacturer of
lead-acid Storage Batteries for industrial and Automotive Applications. The
company also provides Installation, Commissioning and Maintenance Services. (Registered Activity) |
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|
No. of Employees
(As on 31.03.2017) : |
8685 (Approximately) |
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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Maximum Credit Limit : |
USD 83920000 |
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|
|
|
Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is
an established company incorporated in the year 1985 and it is having
excellent track records. For the financial
year 2018, the company has increased in its revenue from operations as
compared to previous year and maintained decent profitability margin of
7.56%. Rating
takes into consideration strong financial profile of the company marked by
healthy networth base and negligible debt balance sheet. Further,
rating also derives strength from strong technical support received from its
collaborator entity i.e. JCL, diverse revenue streams supported by
established relationship with clients along with distribution network and
improvement in the revenue profile during the year. However,
this rating strength is partially offset by exposure to intense competition
in the domestic storage batteries segment, especially in the automotive
aftermarket and telecommunications telecom) battery sub-segments. Trade
relations are reported as fair. Business is active. Payment terms are seems
to be regular. In view of
the 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 |
CRISIL |
|
Rating |
Long Term Rating = AA+ |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
14.11.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
14.11.2017 |
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 28.05.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. M. Somasekhar |
|
Designation : |
Manager (Purchase Department) |
|
Contact No.: |
91-9490620555 |
|
Date : |
23.05.2018 |
LOCATIONS
|
Registered Office / Factory: |
Renigunta, Cuddapah Road, Karakambadi, Tirupati - 517520, Andhra
Pradesh, India |
|
Tel. No.: |
91-877-2285561 / 2265000 |
|
Mobile No.: |
91-9490620555 (Mr. M. Somasekhar) |
|
Fax No.: |
91-877-2285600 / 2286999 |
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E-Mail : |
amararaja@amartpt.gnmds.global.net.in |
|
Website : |
|
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Corporate Office
1 : |
Riaz Garden, # 12, K.H. Road Nungambakkam Chennai-600034, Tamil Nadu, India |
|
Tel. No.: |
91-44 -2821 3270 |
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Fax No.: |
91-44 -2828 4821 |
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|
|
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Corporate Office
2 : |
5th Floor, Astra Towers, 12P,
Hi-tech City, Kondapur, Hyderabad-500038, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23683000 |
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Fax No.: |
91-40-23118219 |
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|
|
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Corporate
Operations Office 3 : |
1-18/1/AMR/NR, Nanakramguda, Gachibowli, Hyderabad – 500032,
Telangana, India |
|
Tel. No.: |
91-40-23139000 |
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Fax No.: |
91-40-23139001 |
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|
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Branch Office: |
Located At: ·
Hyderabad ·
Chandigarh ·
Ghaziabad ·
Jaipur ·
Lucknow ·
Ahmedabad ·
Patna ·
Ranchi ·
Guwahati ·
Indore ·
Vijayawada ·
Bhuvaneshwar ·
Bangalore ·
Kolkata ·
Chennai ·
Mumbai ·
Coimbatore ·
Cochin ·
Nagpur |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Srivishnu Raju Nandyala |
|
Designation : |
Director |
|
Address : |
Plot No.616, Road No.33, Jubilee Hills, Hyderabad – 500033, Telangana, India |
|
Date of Appointment : |
14.08.2008 |
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DIN No.: |
00025063 |
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Name : |
Mr. Nagarjun Valluripalli |
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Designation : |
Director |
|
Address : |
Road No 5 Plot No. 40 Jubilee Hills, Hyderabad – 500034, Telangana, India |
|
Date of Appointment : |
20.12.2015 |
|
DIN No.: |
00034389 |
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|
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|
Name : |
Mr. Galla Ramachandra Naidu |
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Designation : |
Director |
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Address : |
Giridrushya Renigunta-Cuddapah Road, Karakambadi, Tirupati – 517520, Andhra Pradesh, India |
|
Date of Appointment : |
08.07.1985 |
|
DIN No.: |
00133761 |
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|
|
|
Name : |
Mr. Galla Jayadev |
|
Designation : |
Managing Director and Vice Chairman |
|
Address : |
H.No.A-54, Road No.11, Film Nagar, Jubilee Hills, Hyderabad – 500034, Telangana, India |
|
Date of Appointment : |
01.09.2015 |
|
DIN No.: |
00143610 |
|
|
|
|
Name : |
Mr. Bhairavi Tushar Jani |
|
Designation : |
Director |
|
Address : |
10- Ramnivas Sion Koliwada, Sion (East), Mumbai – 400022, Maharashtra, India |
|
Date of Appointment : |
28.03.2015 |
|
DIN No.: |
00185929 |
|
|
|
|
Name : |
Mr. Narayanaswamy Ramachandran Ramachandran |
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Designation : |
Director |
|
Address : |
New No.12, Old No.34, 3rd and 4th Floor Expressions Apartments, ABM Avenue, R A Puram, Chennai – 600028, Tamilnadu, India |
|
Date of Appointment : |
01.06.2009 |
|
DIN No.: |
01143563 |
|
|
|
|
Name : |
Trent Moore Nevill |
|
Designation : |
Director |
|
Address : |
Room No. 1601, N0.2 Lane 28, Huayuanshiquiao Road, Shanghai |
|
Date of Appointment : |
22.01.2017 |
|
DIN No.: |
07699463 |
|
|
|
|
Name : |
Marc David Andraca |
|
Designation : |
Additional Director |
|
Address : |
4707 North Cumberland Boulevard Whitefish Bay Wisconsin 53211 Us |
|
Date of Appointment : |
10.02.2018 |
|
DIN No.: |
08032189 |
KEY EXECUTIVES
|
Name : |
Mr. Rajaram Mosur Ranganathan |
|
Designation : |
Company Secretary |
|
Address : |
F2, Sairam Enclave LB Nagar , Neredmet, Hyderabad – 500056, Telangana, India |
|
Date of Appointment : |
11.06.2013 |
|
PAN No.: |
AGPPM4534L |
|
|
|
|
Name : |
Mr. Raghavendra Venkata Shermadevi |
|
Designation : |
Chief Financial Officer |
|
Address : |
F-201, Sri Srinivasa Apartments Krishna Nagar, Krupa Complex, Hyderabad 500056, Telangana, India |
|
Date of Appointment : |
08.04.2014 |
|
PAN No.: |
ACCPS0083R |
|
|
|
|
Name : |
Mr. Vijayanand Samudrala |
|
Designation : |
Chief Executive Officer |
|
Address : |
Flat No. 404, Block No. 22, Rain Tree Park Malaysian Township, Kukatpally Hyderabad - 500085, Telangana, India |
|
Date of Appointment : |
01.04.2017 |
|
PAN No.: |
BLDPS6809N |
|
|
|
|
Name : |
Dr. Ramachandra N Gall |
|
Designation : |
Chairman |
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|
|
|
Name : |
Shu Qing Yang |
|
Designation : |
Non-Executive Director (upto January 22, 2017) |
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|
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|
Name : |
Mr. Raphael John Shemanski |
|
Designation : |
Non-Executive Director |
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|
|
|
Name : |
Nagarjun Valluripalli |
|
Designation : |
Non-Executive Independent Director |
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|
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|
Name : |
N Sri Vishnu Raju |
|
Designation : |
Non-Executive Independent Director |
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|
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|
Name : |
T R Narayanaswamy |
|
Designation : |
Non-Executive Independent Director |
|
|
|
|
Name : |
Raymond J Brown |
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Designation : |
Non-Executive Independent Director (upto November 6, 2016) |
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|
|
|
Management Team : |
|
MAJOR SHAREHOLDERS
As on 31.03.2018
|
Category of
shareholder |
Total Nos. Shares
Held |
Shareholding as a %
of total no. of shares (calculated as per SCRR, 1957)As a % of |
|
|
(A) Promoter & Promoter Group |
88927452 |
52.06 |
|
|
(B) Public |
81885048 |
47.94 |
|
|
Grand Total |
170812500 |
100.00 |
STATEMENT SHOWING SHAREHOLDING PATTERN OF THE PROMOTER AND PROMOTER
GROUP
|
Category of
shareholder |
Total Nos. Shares
Held |
Shareholding as a %
of total no. of shares (calculated as per SCRR, 1957)As a % of |
|
|
A1) Indian |
0.00 |
||
|
Any Other (specify) |
44516202 |
26.06 |
|
|
RNGalla Family Private Limited |
41400702 |
24.24 |
|
|
Mangal Industries Limited |
3115500 |
1.82 |
|
|
Sub Total A1 |
44516202 |
26.06 |
|
|
A2) Foreign |
0.00 |
||
|
Any Other (specify) |
44411250 |
26.00 |
|
|
Johnson Controls (Mauritius) Private Limited |
44411250 |
26.00 |
|
|
Sub Total A2 |
44411250 |
26.00 |
|
|
A=A1+A2 |
88927452 |
52.06 |
STATEMENT SHOWING SHAREHOLDING PATTERN OF THE PUBLIC SHAREHOLDER
|
Category & Name
of the Shareholders |
Total No. Shares
Held |
Shareholding %
calculated as per SCRR, 1957 As a % of |
|
|
B1) Institutions |
0.00 |
||
|
Mutual Funds/ |
16084758 |
9.42 |
|
|
ICICI Mutual Fund - All Schemes |
4130819 |
2.42 |
|
|
Reliance Capital Mutual Fund - All Schemes |
3126374 |
1.83 |
|
|
Franklin Templeton Mutual Fund - All Schemes |
4156378 |
2.43 |
|
|
Uti Mutual Fund - All Schemes |
1894822 |
1.11 |
|
|
Alternate Investment Funds |
631810 |
0.37 |
|
|
Foreign Portfolio Investors |
32406831 |
18.97 |
|
|
Nalanda India Equity Fund Limited |
10544935 |
6.17 |
|
|
Smallcap World Fund, Inc |
3118756 |
1.83 |
|
|
Financial Institutions/ Banks |
2019278 |
1.18 |
|
|
Sub Total B1 |
51142677 |
29.94 |
|
|
B2) Central Government/ State Government(s)/ President of India |
0.00 |
||
|
Central Government/ State Government(s)/ President of India |
531761 |
0.31 |
|
|
Sub Total B2 |
531761 |
0.31 |
|
|
B3) Non-Institutions |
0.00 |
||
|
Individual share capital upto INR 0.200 Million |
14777366 |
8.65 |
|
|
Individual share capital in excess of INR 0.200 Million |
1078914 |
0.63 |
|
|
Any Other (specify) |
14354330 |
8.40 |
|
|
Bodies Corporate |
4800403 |
2.81 |
|
|
Clearing Members |
79871 |
0.05 |
|
|
HUF |
402204 |
0.24 |
|
|
Non-Resident Indian (NRI) |
6964377 |
4.08 |
|
|
Trusts |
1272852 |
0.75 |
|
|
Foreign Portfolio Investor (Category - III) |
398 |
0.00 |
|
|
IEPF |
739225 |
0.43 |
|
|
Others |
95000 |
0.06 |
|
|
Sub Total B3 |
30210610 |
17.69 |
|
|
B=B1+B2+B3 |
81885048 |
47.94 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturer of
lead-acid Storage Batteries for industrial and Automotive Applications. The
company also provides Installation, Commissioning and Maintenance Services. (Registered Activity) |
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Products / Services
: |
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Brand Names : |
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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 : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees (As on 31.03.2017): |
8685 (Approximately) |
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Bankers (As on 31.03.2017): |
|
|
Auditors : |
|
|
Name : |
Brahmayya and Company Chartered Accountants |
|
Address : |
D. No. 33-25-33/B Govindarajulu Naidu Street, Suryaraopet, Vijayawada - 520 002, India |
|
|
|
|
Name : |
M/s. Deloitte Haskins & Sells LLP Chartered Accountants |
|
Address : |
D. No. 1-8-384&385 3rd floor, Gowra Grand S.P Road, Begumpet, Secunderabad - 500 003, Tamilnadu, India |
|
|
|
|
Cost Auditors: |
|
|
Name : |
Sagar and Associates Cost Accountants |
|
Address : |
205, 2nd Floor Raghava Ratna Towers Chirag Ali Lane Abids, Hyderabad - 500 001, Telangana, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Entity exercising
significant influence (As on 31.03.2017) : |
|
|
|
|
|
Entities in which KMP/ Relatives of KMP exercise control/ significant
Influence (As on 31.03.2017) : |
|
CAPITAL STRUCTURE
As on 31.03.2018
Authorised Capital :
Not Available
Issued Capital, Subscribed & Paid-up Capital : INR 170.812
Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
INR 1/- each |
INR 200.000 Million |
|
|
|
|
|
Issued Capital
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
175028500 |
Equity Shares |
INR 1/- each |
INR 175.000
Million |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
170812500 |
Equity Shares |
INR 1/- each |
INR 170.800
Million |
|
|
|
|
|
Notes:
(i) Reconciliation of
the number of shares and amount outstanding at the beginning and at the end of
the year:
|
Equity Share |
Year ended March 31, 2017 |
|
|
|
Number of shares |
INR |
|
At the beginning of the year |
170,812,500 |
170.800 |
|
Changes during the year |
-- |
-- |
|
At the end of the
year |
170,812,500 |
170.800 |
(ii) Rights,
preferences and restrictions attached to the equity shares:
The Company has only one class of shares referred to as equity shares having a face value of ` 1/- each. Each holder of equity share is eligible for one vote per share held. The Company declares and pays dividends in Indian rupees and foreign currency. The dividend proposed by the Board of Directors is subject to approval of the shareholders in the ensuing Annual General Meeting, except in the case of interim dividend. In the event of liquidation, the holders of equity shares will be entitled to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to the number of equity shares held by the shareholders.
(iii) Details of
equity shares held by each shareholder holding more than 5% of the equity
shares:
|
|
Year ended March 31, 2017 |
|
|
|
Number of shares |
Percentage |
|
RN Galla Family & Co |
40,231,308 |
23.55% |
|
Jayadev Galla |
376,150 |
0.22% |
|
Johnson Controls (Mauritius) Private Limited |
44,411,250 |
26.00% |
* Beneficial interest in respect of 12,795,074 shares of Dr.
Ramachandra N Galla, 12,445,834 shares of Jayadev Galla and 14,990,400 shares
of the rest was transferred in the name of RN Galla Family & Co.
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
170.800 |
170.800 |
170.800 |
|
(b) Reserves & Surplus |
29203.100 |
25759.900 |
20987.900 |
|
(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) |
29373.900 |
25930.700 |
21158.700 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
584.300 |
690.100 |
724.700 |
|
(b) Deferred tax liabilities
(Net) |
878.100 |
815.100 |
537.500 |
|
(c) Other long term
liabilities |
467.900 |
409.400 |
325.800 |
|
(d) long-term provisions |
451.500 |
404.200 |
382.900 |
|
Total
Non-current Liabilities (3) |
2381.800 |
2318.800 |
1970.900 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
5922.600 |
4184.400 |
3492.900 |
|
(c) Other current liabilities |
3447.600 |
2875.200 |
2338.800 |
|
(d) Short-term provisions |
559.600 |
536.600 |
546.300 |
|
Total
Current Liabilities (4) |
9929.800 |
7596.200 |
6378.000 |
|
|
|
|
|
|
TOTAL |
41685.500 |
35845.700 |
29507.600 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
16981.900 |
14870.200 |
13479.500 |
|
(ii) Intangible Assets |
50.600 |
51.200 |
40.600 |
|
(iii) Capital work-in-progress |
2263.800 |
2402.500 |
1226.800 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
1.700 |
|
(b) Non-current Investments |
250.800 |
188.800 |
200.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
615.400 |
746.800 |
477.600 |
|
Total
Non-Current Assets |
20162.500 |
18259.500 |
15426.200 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
153.300 |
1277.800 |
0.000 |
|
(b) Inventories |
10497.100 |
8169.500 |
6016.400 |
|
(c) Trade receivables |
7824.500 |
5704.900 |
5921.500 |
|
(d) Cash and cash equivalents |
1112.800 |
1709.200 |
1502.500 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
1935.300 |
724.800 |
641.000 |
|
Total
Current Assets |
21523.000 |
17586.200 |
14081.400 |
|
|
|
|
|
|
TOTAL |
41685.500 |
35845.700 |
29507.600 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
62329.800 |
59813.900 |
51843.400 |
|
|
Other Income |
663.700 |
492.400 |
458.800 |
|
|
TOTAL
|
62993.500 |
60306.300 |
52302.200 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
39217.100 |
34521.600 |
27421.400 |
|
|
Purchases of Stock-in-Trade |
2217.100 |
2074.300 |
2869.700 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(271.700) |
(1711.000) |
(1186.000) |
|
|
Employees benefits expense |
3089.900 |
6642.400 |
5665.800 |
|
|
Other expenses |
7506.800 |
7010.000 |
6413.600 |
|
|
Excise Duty |
1738.300 |
2777.500 |
2429.100 |
|
|
TOTAL |
53497.500 |
51314.800 |
43613.600 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
9496.000 |
8991.500 |
8688.600 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
50.600 |
57.700 |
2.410 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
9445.400 |
8933.800 |
8686.190 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
2303.400 |
1911.700 |
1339.920 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
7142.000 |
7022.100 |
7346.270 |
|
|
|
|
|
|
|
Less |
TAX |
2428.800 |
2237.200 |
1990.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
4713.200 |
4784.900 |
5356.270 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
27.59 |
28.01 |
28.78 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
34.600 |
16.700 |
|
Cash generated from operations |
NA |
7552.800 |
7728.500 |
|
Net cash flows from (used in) operating activity |
NA |
5528.900 |
5547.100 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
45.82 |
34.81 |
41.69 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.97 |
10.48 |
8.76 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
52.17 |
41.73 |
42.09 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.90 |
1.10 |
1.44 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.00 |
0.52 |
0.55 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.25 |
0.23 |
0.24 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.02 |
0.03 |
0.04 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.34 |
0.29 |
0.30 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.00 |
0.66 |
0.75 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
187.67 |
155.83 |
3605.23 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
7.56 |
8.00 |
10.33 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
11.31 |
13.35 |
18.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
16.05 |
18.45 |
25.31 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.17 |
2.32 |
2.21 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.11 |
1.24 |
1.26 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.70 |
0.72 |
0.72 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.42 |
4.24 |
4.34 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.17 |
2.32 |
2.21 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
STOCK
PRICES
|
Face Value |
INR 01.00/- |
|
Market Value |
INR 773.00/- |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
170.800 |
170.800 |
170.800 |
|
Reserves & Surplus |
20987.900 |
25759.900 |
29203.100 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
21158.700 |
25930.700 |
29373.900 |
|
|
|
|
|
|
long-term borrowings |
724.700 |
690.100 |
584.300 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
724.700 |
690.100 |
584.300 |
|
Debt/Equity
ratio |
0.034 |
0.027 |
0.020 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
51843.400 |
59813.900 |
62329.800 |
|
|
|
15.374 |
4.206 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
51843.400 |
59813.900 |
62329.800 |
|
Profit |
5356.270 |
4784.900 |
4713.200 |
|
|
10.33% |
8.00% |
7.56% |
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 |
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 |
Yes |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
No |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2018 (INR
in Million) |
31.03.2017 (INR
in Million) |
|
|
|
|
|
Deferred Payment
Liabilities |
|
|
|
Sales tax deferment loans |
NA |
724.700 |
|
Less: Current maturities of sales tax deferment loan |
NA |
34.600 |
|
Total |
NA |
690.100 |
INDEX
OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C55893630 |
10573803 |
STATE BANK OF INDIA |
09/05/2015 |
- |
- |
250000000.0 |
SME BRANCH,PLOT NO. 95, NEW BALAJI COLONYAIR BYPASS ROAD, TIRUPATI, AP517502IN |
|
2 |
A83307306 |
90118450 |
ANDHRA BANK |
31/05/1993 |
26/03/2010 |
- |
275000000.0 |
BERI STREET, TIRUPATI-517501IN |
|
3 |
C32749947 |
10146206 |
THE BANK OF NOVA SCOTIA |
06/03/2009 |
28/05/2013 |
15/10/2014 |
250000000.0 |
CLASSIC TOWERS, 1547 TRICHY ROAD, COIMBATORE- 641018, TAMILNADU, INIDA |
|
4 |
B23319122 |
10054731 |
BNP PARIBAS |
26/03/2007 |
- |
11/10/2011 |
440000000.0 |
20, COLLYER QUAY,#01-01, TUNG CENTRE, SINGAPORE-049319SG |
|
5 |
A70787122 |
10042441 |
CITIBANK N.A |
06/03/2007 |
- |
30/09/2009 |
400000000.0 |
IST FLOOR QUEENS PLAZA, S.P.ROAD, HYDERABAD-500003IN |
|
6 |
A69462943 |
10117546 |
THE BANK OF NOVA SCOTIA |
24/07/2008 |
- |
09/09/2009 |
400000000.0 |
CLASSIC TOWERS, 1547 TRICHY ROAD, COIMBATORE- 641018, TAMILNADU, INIDA |
|
7 |
A60227626 |
80053050 |
IFCI LIMITED |
24/01/1990 |
- |
31/03/2009 |
17500000.0 |
BANK OF BARODA BUILDING NO.16, SANSAD MARG, NEW DELHI -110001IN |
|
8 |
A60227394 |
80053049 |
IFCI LIMITED |
26/03/1990 |
05/02/1991 |
31/03/2009 |
11787000.0 |
BANK OF BARODA BUILDING NO.16, SANSAD MARG, NEW DELHI -110001IN |
|
9 |
A60213220 |
80053048 |
IFCI LIMITED |
26/03/1990 |
- |
31/03/2009 |
11787000.0 |
BANK OF BARODA BUILDING NO.16, SANSAD MARG, NEW DELHI -110001IN |
|
10 |
A55958888 |
10126407 |
BNP PARIBAS |
12/09/2008 |
- |
04/02/2009 |
470000000.0 |
20, COLLYER QUAY#01-01, TUNG CENTRE, SINGAPORE-049319SG |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
|
Claims against the
Company not acknowledged as debt |
|
|
|
Excise duty / Service tax |
NA |
11.00 |
|
Sales tax/VAT |
NA |
132.900 |
|
Income tax |
NA |
1.600 |
|
Electricity related |
NA |
724.200 |
|
Other |
NA |
56.700 |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
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 68.26 |
|
|
1 |
INR 91.22 |
|
Euro |
1 |
INR 79.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHI |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
TRUP |
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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.