|
|
|
MIRA
INFORM REPORT
|
Report No. : |
511740 |
|
Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
LALWANI FERRO ALLOYS LIMITED (w.e.f. 29.07.2008) |
|
|
|
|
Formerly Known
As : |
LALWANI FERRO ALLOYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Om Tower, 2nd Floor, Suite No. 205, 32, Jawaharlal Nehru
Road, Kolkata – 700071, West Bengal |
|
Tel. No.: |
91-33-22263680 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
27.11.1986 |
|
|
|
|
Com. Reg. No.: |
21-041548 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 60.760 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909WB1986PLC041548 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0200006606 |
|
|
|
|
TIN No.: |
19531618040 |
|
|
|
|
CST No.: |
19531618234 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL4482G |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
19AAACL4482G1ZE |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Ferro Alloys. (Registered activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
1500+ (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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1986 and it is engaged as
manufacturer of ferro alloys, silico magnesium, ferro aluminium, ferro
chrome, ferro molybdenum and nickel magnesium. For the financial year 2017, the company has achieved decent growth in
its revenue as compared to its previous year but has reported thin profit
margin during the year. Rating takes into consideration, satisfactory financial risk profile
marked by adequate networth base, strong debt protection metrics and comfortable
liquidity position. Rating continues to derive strength from its established track record
of its business operation backed by its well experienced management team. However, these rating strengths gets partially offset by low
profitability margins due to limited value additive nature of operations,
working capital intensive nature of business operations and exposure to
commodity price cycle. Trade relations are reported to be fair. Payment terms seems to be
usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
INDIA RATINGS |
|
Rating |
Fund Based Limits = BBB (Withdrawn) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
02.04.2018 |
|
Rating Agency Name |
INDIA RATINGS |
|
Rating |
Non-Fund Based Limits=A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
02.04.2018 |
Reason for withdrawn : Agency has received no objection certificates from the lenders.
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 PARTED BY
|
Name : |
Ms. Shraddha |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-7980106279 |
|
Date : |
27.05.2018 |
LOCATIONS
|
Registered Office / Corporate Office / Head Office / Branch Office 1: |
Om Tower, 2nd Floor, Suite No. 205, 32, Jawaharlal Nehru
Road, Kolkata – 700071, West Bengal, India |
|
Tel. No.: |
91-33-22263680 / 81/ 22263753 / 3028-1331 |
|
Mobile No.: |
91-7980106279 (Ms. Shraddha) |
|
Fax No.: |
91-33-22263754 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Branch Office 2 : |
Holding No 375, New Sitaram Dera, Jamshedpur-831009, Jharkhand, India |
|
Telefax : |
91-657-2441009 |
|
|
|
|
Branch Office 3 : |
Pitruchaya, 43/B, Part 8, Aslaligam, Aslali Taluka, Dashkroi, Ahmedabad-382427, Gujarat, India |
|
Tel. No.: |
91-2718-261119 |
|
|
|
|
Site Office : |
Ghutghoria, Barjora, District – Bankura, West Bengal, India |
|
|
|
|
Factory : |
Located at:
|
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Sandeep Lalwani |
||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||
|
Address : |
47A, Shakespeare Sarani, Flat No. 9A, Kolkata-700017, West
Bengal, India |
||||||||||||||||||||
|
Date of Birth/Age : |
05.12.1981 |
||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||
|
Date of Appointment : |
25.10.2012 |
||||||||||||||||||||
|
DIN No.: |
00064318 |
||||||||||||||||||||
|
PAN No.: |
ABLPL5671Q |
||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mrs. Snehlata Lalwani |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
47A, Shakespeare Sarani, Kolkata-700017, West Bengal,
India |
||||||||||||||||||||
|
Date of Birth/Age : |
15.12.1960 |
||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||
|
Date of Appointment : |
27.11.1986 |
||||||||||||||||||||
|
DIN No.: |
00064649 |
||||||||||||||||||||
|
PAN No.: |
AAZPL4013D |
||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Kamal Kishore Lalwani |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
47A, Shakespeare Sarani, Kolkata-700017, West Bengal,
India |
||||||||||||||||||||
|
Date of Birth/Age : |
26.01.1954 |
||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||
|
Date of Appointment : |
27.11.1986 |
||||||||||||||||||||
|
DIN No.: |
00064724 |
||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Ruchi Lalwani |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
47A, Shakespeare Sarani, Kolkata-700017, West Bengal,
India |
||||||||||||||||||||
|
Date of Birth/Age : |
13.03.1982 |
||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||
|
Date of Appointment : |
30.09.2008 |
||||||||||||||||||||
|
DIN No.: |
01943518 |
||||||||||||||||||||
|
PAN No.: |
AHCPG7876P |
||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Shraddha |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Promoter
Shareholdings |
|
|
|
Kamal
Kishore Lalwani |
|
116400 |
|
Snehlata
Lalwani |
|
527200 |
|
Sanjay
Kumar Dhacholia |
|
11100 |
|
Soma
Lalwani |
|
19400 |
|
Sandeep
Lalwani |
|
377700 |
|
Ruchi
Lalwani |
|
654000 |
|
Kamal
Kishore Lalwani (HUF) |
|
21100 |
|
Sunita
Lalwani |
|
50 |
|
Apex
Capital Markets Limited |
|
948200 |
|
Lalwani
Capital Markets Limited |
|
1230800 |
|
Vimal
Kishore Lalwani |
|
15350 |
|
Sunil
Kumar Lalwani |
|
185700 |
|
Mohit
Lalwani |
|
7000 |
|
|
|
|
|
Non-Promoter
Shareholdings |
|
|
|
Amber
Capital Markets Limited |
|
30000 |
|
Nutan
Trade and Credit Private Limited |
|
544000 |
|
Jai
Laxmi Vincom Private Limited |
|
188000 |
|
Sarthak
Sales Private Limited |
|
300000 |
|
Longview
Trade and Credit Private Limited |
|
90000 |
|
Zenith
Commodities Private Limited |
|
40000 |
|
Deepmala
Vyapaar Private Limited |
|
80000 |
|
Sadhana
Trade and Credit Private Limited |
|
70000 |
|
Aroto
Trade India Private Limited |
|
10000 |
|
Pushpsri
Fiscal Services Private Limited |
|
50000 |
|
Prerna
Commercial Private Limited |
|
40000 |
|
Reward
Sales Promotion Private Limited |
|
50000 |
|
Abhiman
Distributors Private Limited |
|
140000 |
|
Ruby
Tracom Private Limited |
|
80000 |
|
Mehandipura
Tradelink Private Limited |
|
50000 |
|
Maple
Mercantile Private Limited |
|
50000 |
|
Vanraj
Merchants Private Limited |
|
80000 |
|
Sthirlaxmi
Mercantile Private Limited |
|
25000 |
|
Mubarak
Lubricants Private Limited |
|
45000 |
|
Total |
|
6076000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
31.85 |
|
Promoters (Body corporate) |
35.86 |
|
Public/Other than promoters (Body corporate) |
32.29 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Ferro Alloys. (Registered activity and also Confirmed by management) |
||||
|
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|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Ferro Alloys |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Materials |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Advance Payment and L/C |
||||
|
|
|
||||
|
Purchasing : |
L/C |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
OEMs
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
1500+ (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Rustagi and Company Chartered Accountants |
|
Address : |
19, R. N Mukherjee Eastern Building, 1st Floor,
Kolkata- 700001, West Bengal, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAUFS1566M |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern : (As confirmed by mnagement) |
Lalwani Industries Limited |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6130000 |
Equity Shares |
INR 10/- each |
INR 61.300 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6076000 |
Equity Shares |
INR 10/- each |
INR 60.760
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
60.760 |
60.760 |
57.260 |
|
(b) Reserves & Surplus |
652.729 |
610.553 |
560.726 |
|
(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) |
713.489 |
671.313 |
617.986 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
166.557 |
155.429 |
160.372 |
|
(b) Deferred tax liabilities (Net) |
71.914 |
71.524 |
68.479 |
|
(c) Other long term
liabilities |
63.271 |
0.000 |
2.107 |
|
(d) Long-term
provisions |
3.804 |
2.806 |
2.370 |
|
Total Non-current
Liabilities (3) |
305.546 |
229.759 |
233.328 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
676.784 |
529.429 |
489.627 |
|
(b) Trade
payables |
593.413 |
359.480 |
585.066 |
|
(c) Other
current liabilities |
88.080 |
33.788 |
52.971 |
|
(d) Short-term
provisions |
8.782 |
1.908 |
2.195 |
|
Total Current
Liabilities (4) |
1367.059 |
924.605 |
1129.859 |
|
|
|
|
|
|
TOTAL |
2386.094 |
1825.677 |
1981.173 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
529.028 |
557.097 |
560.938 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.020 |
3.920 |
2.170 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
1.094 |
0.534 |
2.332 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
533.142 |
561.551 |
565.440 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
745.517 |
431.221 |
632.472 |
|
(c) Trade
receivables |
704.842 |
517.984 |
466.820 |
|
(d) Cash
and cash equivalents |
171.581 |
100.017 |
121.453 |
|
(e)
Short-term loans and advances |
164.280 |
158.967 |
114.942 |
|
(f) Other
current assets |
66.732 |
55.937 |
80.046 |
|
Total
Current Assets |
1852.952 |
1264.126 |
1415.733 |
|
|
|
|
|
|
TOTAL |
2386.094 |
1825.677 |
1981.173 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
4188.791 |
3161.972 |
3999.822 |
|
|
Other Income |
11.339 |
23.523 |
13.979 |
|
|
TOTAL |
4200.130 |
3185.495 |
4013.801 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1661.625 |
1016.677 |
1610.152 |
|
|
Purchases of
Stock-in-Trade |
1684.816 |
1320.018 |
1110.705 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(362.122) |
7.664 |
(1.547) |
|
|
Employees benefits
expense |
79.181 |
63.491 |
62.258 |
|
|
CSR Expenditure |
5.100 |
0.000 |
0.000 |
|
|
Other expenses |
927.593 |
624.762 |
1006.315 |
|
|
TOTAL |
3996.193 |
3032.612 |
3787.883 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
203.937 |
152.883 |
225.918 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
102.657 |
91.568 |
106.984 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
101.280 |
61.315 |
118.934 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
36.972 |
34.983 |
33.399 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
64.308 |
26.332 |
85.535 |
|
|
|
|
|
|
|
Less |
TAX |
22.131 |
8.005 |
29.072 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
42.177 |
18.327 |
56.463 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
347.116 |
328.789 |
275.977 |
|
|
|
|
|
|
|
Less |
Other additions to
reserves |
0.000 |
0.000 |
3.651 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
389.293 |
347.116 |
328.789 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
1567.414 |
2458.774 |
|
|
TOTAL EARNINGS |
NA |
1567.414 |
2458.774 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
825.936 |
1552.95 |
|
|
TOTAL IMPORTS |
NA |
825.936 |
1552.950 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
6.94 |
3.11 |
9.86 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
7000.000 |
|
|
|
|
(Due to business
growth) |
Expected Sales (2018-2019) : INR 8000.000 Million
The above information has been parted by Ms. Shraddha (Finance Manager)
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 |
29.154 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(26.955) |
31.652 |
99.703 |
|
Net cash flow from operating activity |
27.553 |
23.133 |
70.905 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days (Sundry Debtors / Income
* 365 Days) |
61.42 |
59.79 |
42.60 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
5.94 |
6.10 |
8.57 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
64.72 |
56.15 |
78.49 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.27 |
0.35 |
0.36 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.39 |
0.27 |
0.40 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
0.64 |
0.59 |
0.67 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.18 |
1.02 |
1.10 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.92 |
1.38 |
1.83 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.74 |
0.83 |
0.91 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.99 |
1.67 |
2.11 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
1.01 |
0.58 |
1.41 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.77 |
1.00 |
2.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.91 |
2.73 |
9.14 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets /
Current Liabilities) |
1.36 |
1.37 |
1.25 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.81 |
0.90 |
0.69 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.30 |
0.37 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
13.88 |
11.27 |
11.86 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.36 |
1.37 |
1.25 |
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 |
57.260 |
60.760 |
60.760 |
|
Reserves & Surplus |
560.726 |
610.553 |
652.729 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
617.986 |
671.313 |
713.489 |
|
|
|
|
|
|
long-term borrowings |
160.372 |
155.429 |
166.557 |
|
Short term borrowings |
489.627 |
529.429 |
676.784 |
|
Total borrowings |
649.999 |
684.858 |
843.341 |
|
Debt/Equity ratio |
1.052 |
1.020 |
1.182 |
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 |
3999.822 |
3161.972 |
4188.791 |
|
|
|
(20.947) |
32.474 |
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 |
3999.822 |
3161.972 |
4188.791 |
|
Profit/(Loss) |
56.463 |
18.327 |
42.177 |
|
|
1.41% |
0.58% |
1.01% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
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 |
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered office of the company has been shifted from 34, Chittaranjan Avanue, Kolkata – 700012, West Bengal, India to the present address w.e.f. 16.07.2007
OPERATIONS:
The performance of the company has been much satisfactory during the year. The turnover of the company during the current year stood at INR 4200.100 Million as against INR 3185.500 Million in the previous year. Correspondingly, the profit during the current year has increased to INR 42.200 Million from INR 18.300 Million in the previous year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
166.025 |
154.075 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand |
94.413 |
0.000 |
|
Total |
260.438 |
154.075 |
INDEX OF CHARGES
|
Charges Registered |
|||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G68885177 |
100137661 |
Axis Bank Limited |
09/10/2017 |
- |
162500000.0 |
Corporate Banking Branch (CBB)1, Shakespeare Sarani, 3rd Floor, AC MarketKolkataWB700071IN |
|
2 |
G44032803 |
100098032 |
HDFC BANK LIMITED |
20/04/2017 |
- |
665170.0 |
HDFC Bank House Senapati Bapat MargLower Parel WMumbaiMH400013IN |
|
3 |
C79424834 |
10620903 |
HDFC BANK LIMITED |
29/12/2015 |
- |
300000.0 |
HDFC Bank House Senapati Bapat MargLower Parel WMumbaiMH400013IN |
|
4 |
G73074908 |
10465071 |
UCO Bank |
27/11/2013 |
22/12/2017 |
1771000000.0 |
FCC-IEP BRANCH2, INDIA EXCHANGE PLACEKOLKATAWB712103IN |
|
5 |
G73609273 |
10464380 |
State Bank of India |
13/11/2013 |
18/12/2017 |
1771000000.0 |
Industrial Finance Branch, Kolkata11, Dr. U. N. Brahmachari StreetKolkataWB700017IN |
|
6 |
B83919035 |
10446820 |
BANK OF BARODA |
04/09/2013 |
- |
150000000.0 |
MID CORPORATE BRANCH1/1, CAMAC STREET (1ST FLOOR)KOLKATAWB700016IN |
|
7 |
C80441504 |
10393186 |
UCO Bank |
26/11/2012 |
23/02/2016 |
105000000.0 |
INTERNATIONAL BANKING BRANCH2, INDIA EXCHANGE PLACE, 1ST FLOORKOLKATAWB700001IN |
|
8 |
B36718948 |
10111195 |
STATE BANK OF INDIA |
18/06/2008 |
19/03/2012 |
963000000.0 |
Industrial Finance Branch, Kolkata11, Dr. U. N. Brahmachari StreetKolkataWB700017IN |
|
9 |
C54790126 |
10068895 |
State Bank of India |
06/09/2007 |
21/05/2015 |
1193500000.0 |
Industrial Finance Branch, Kolkata11, Dr. U. N. Brahmachari StreetKolkataWB700017IN |
|
10 |
C80441280 |
80029424 |
UCO Bank |
15/02/2003 |
23/02/2016 |
87500000.0 |
INTERNATIONAL BANKING BRANCH2, INDIA EXCHANGE PLACE, 1ST FLOORKOLKATAWB700001IN |
FIXED ASSETS
- Land
- Buildings
- Office building
- Plant and equipment
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
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 91.21 |
|
Euro |
1 |
INR 79.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
NRG |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
YES |
|
--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.