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|
MIRA
INFORM REPORT
|
Report No. : |
511956 |
|
Report Date : |
29.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
GALLIUM INDUSTRIES LIMITED |
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Registered
Office : |
3488, Gali No. 81, Block E-2, Molar Band Extension, Badarpur, New Delhi – 110044 |
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Tel. No.: |
91-129-4150117 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
01.07.1985 |
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Com. Reg. No.: |
55-021377 |
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Capital
Investment / Paid-up Capital : |
INR 41.100 Million |
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CIN No.: [Company Identification
No.] |
U74899DL1985PLC021377 |
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IEC No.: [Import-Export Code No.] |
0588031364 |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TIN No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACG0108J |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing of Tube Mill Equipments and its Allied Parts and started Trading of Oil and Steel, etc. [Registered Activity] |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 528400 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1985 and it
having satisfactory track records. Management of the company has not filed its financials of 2017 with
government department. As per available financials of 2016, the company has increased its
revenue from operations as compared to previous year but reported losses. However, general financial position of the company seems to be sound
and acceptable along with average debt balance sheet. Further, rating derives strength from its long standing track records
of business operations, capable liquidity positions and improvement in the
revenue profile during the year. Trade relations are reported as fair. Business is active. Payments are
seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
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
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 29.05.2018.
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.
LOCATIONS
|
Registered Office : |
3488, Gali No. 81, Block E-2, Molar Band Extension, Badarpur, New Delhi – 110044, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office/ Factory 1: |
Plot No. 117, Sector 59, HSIDC Industrial Estate, Faridabad-121004, Haryana, India |
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Tel. No.: |
91-129-4150117 (Direct)/ 2309933/ 2309934 |
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Fax No.: |
91-129-2309619 |
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Factory 2: |
Plot No.129, F and 129, G/4, Noida, Spacial Economic Zone, Noida – 201305, Uttar Pradesh, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Yogesh Kumar Bhatia |
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Designation : |
Managing Director |
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Address : |
H.No.24, IInd Floor, Ishwar Nagar, New Friends Colony, New Delhi -
110065, India |
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Date of Appointment : |
01.07.1985 |
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DIN No.: |
00856648 |
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Name : |
Mr. Morihiro Kusakabe |
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Designation : |
Director |
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Address : |
8-3, Noda- Dori, Tarumi-Ku, Kobe, 6512241, Japan |
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Date of Appointment : |
28.07.2001 |
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DIN No.: |
00110063 |
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Other Directorship:
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Name : |
Mr. Rajesh Meena |
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Designation : |
Director |
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Address : |
B-26, Mata Vaishnavpuram, Near Rajeev Gandhi Nagar,
Dantli, Sanganer, Jaipur-303012, Rajasthan, India |
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Date of Birth/Age : |
02.07.1981 |
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Qualification : |
Graduation |
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Date of Appointment : |
23.05.2014 |
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PAN No.: |
ANBPM8070G |
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DIN No.: |
00834499 |
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Other Directorship:
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Name : |
Mr. Angshuman Dutta |
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Designation : |
Director |
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Address : |
H. No. 760, 1st Floor, Sector 21 A, Faridabad - 121004, Haryana, India |
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Date of Birth/Age : |
14.07.1973 |
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Qualification : |
Graduation |
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Date of Appointment : |
06.07.2011 |
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PAN No.: |
AFMPD3262N |
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DIN No.: |
02345044 |
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Other Directorship:
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Name : |
Mr. Antara Dutta |
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Designation : |
Director |
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Address : |
4 Lake Shore Ln Landenberg Pa Landenberg Pa 19350 US |
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Date of Birth/Age : |
01.01.1971 |
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Qualification : |
Graduation |
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Date of Appointment : |
22.06.2007 |
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DIN No.: |
03494410 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Aniq Husain |
|
29800 |
|
Sabiha Husain |
|
55000 |
|
Y.K. Bhatia |
|
45000 |
|
Rekha Bhatia |
|
40000 |
|
Sushil Gupta |
|
130000 |
|
Arun Dutta |
|
2800 |
|
Antra Dutta |
|
170000 |
|
Kusakabe Electric and Machine Co Limited |
|
765000 |
|
Angsuman Dutta |
|
275000 |
|
Subhankar Dutta |
|
597200 |
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SIDBI |
|
200 |
|
Rajesh Meena |
|
500000 |
|
Rare World FZE |
|
1500000 |
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|
|
|
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Total |
|
4110000 |
AS ON: 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
39.66 |
|
Promoters – Body Corporate |
55.11 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
5.23 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Tube Mill Equipments and its Allied Parts and started Trading of Oil and Steel, etc. [Registered Activity] |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
· Yes Bank Limited Nehru Centre, 9th Floor, Discovery of India, Dr. · Indusind Bank Limited Dr. Gopal Das Building, 28, Barakhamba Road, New Delhi - 110001, India · State Bank of Patiala Commercial
Branch, Neelam Bata Road, NIT Faridabad, Faridabad - 122001, Haryana, India |
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Facilities : |
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Auditors : |
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Name : |
Nathwani and Company Chartered Accountants |
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Address : |
A-5, Nehru Ground, NIT, Faridabad – 121001, Haryana, India |
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PAN No.: |
ABNPN2922Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate Company : |
Kusakabe Electrical and Machinery Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5650000 |
Equity Shares |
INR 10/- each |
INR 56.500 Million |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4110000 |
Equity Shares |
INR 10/- each |
INR 41.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
41.100 |
41.100 |
31.500 |
|
(b) Reserves & Surplus |
143.873 |
4.814 |
(0.858) |
|
(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) |
184.973 |
45.914 |
30.642 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
207.107 |
156.244 |
78.880 |
|
(b) Deferred tax liabilities (Net) |
7.626 |
3.308 |
6.645 |
|
(c)
Other long term liabilities |
0.000 |
129.054 |
42.470 |
|
(d)
long-term provisions |
3.529 |
2.329 |
3.655 |
|
Total
Non-current Liabilities (3) |
218.262 |
290.935 |
131.650 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
386.870 |
345.064 |
320.097 |
|
(b)
Trade payables |
81.500 |
176.243 |
150.592 |
|
(c)
Other current liabilities |
260.803 |
300.703 |
353.672 |
|
(d)
Short-term provisions |
1.321 |
0.640 |
0.000 |
|
Total
Current Liabilities (4) |
730.494 |
822.650 |
824.361 |
|
|
|
|
|
|
TOTAL |
1133.729 |
1159.499 |
986.653 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
233.835 |
94.960 |
104.457 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(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 |
0.000 |
23.255 |
13.469 |
|
Total
Non-Current Assets |
233.835 |
118.215 |
117.926 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
20.000 |
0.000 |
0.000 |
|
(b)
Inventories |
326.561 |
835.073 |
738.988 |
|
(c)
Trade receivables |
315.126 |
68.714 |
26.018 |
|
(d)
Cash and cash equivalents |
26.949 |
14.388 |
19.103 |
|
(e)
Short-term loans and advances |
211.258 |
123.109 |
84.618 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
899.894 |
1041.284 |
868.727 |
|
|
|
|
|
|
TOTAL |
1133.729 |
1159.499 |
986.653 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
981.888 |
402.210 |
630.470 |
|
|
|
Other Income |
123.177 |
10.863 |
31.297 |
|
|
|
TOTAL |
1105.065 |
413.073 |
661.767 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
421.950 |
397.687 |
489.871 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
474.204 |
(159.600) |
(21.983) |
|
|
|
Employees benefits expense |
40.045 |
29.649 |
62.020 |
|
|
|
Other expenses |
78.619 |
44.714 |
43.383 |
|
|
|
TOTAL |
1014.818 |
312.450 |
573.291 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
90.247 |
100.623 |
88.476 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
82.085 |
89.413 |
75.941 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.162 |
11.210 |
12.535 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.112 |
7.925 |
8.268 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
1.050 |
3.285 |
4.267 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.431 |
(2.697) |
(0.285) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
(4.381) |
5.982 |
4.552 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export of Goods |
642.341 |
161.234 |
NA |
|
|
TOTAL EARNINGS |
642.341 |
161.234 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
3.375 |
3.935 |
NA |
|
|
TOTAL IMPORTS |
3.375 |
3.935 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
(1.07) |
1.46 |
1.45 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
45.194 |
28.027 |
|
|
|
|
|
|
Cash generated from operations |
NA |
(30.252) |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
485.657 |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
485.657 |
(30.252) |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
117.14 |
62.36 |
15.06 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.12 |
5.85 |
24.23 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
70.50 |
161.76 |
112.21 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.28 |
0.12 |
0.12 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.39 |
1.06 |
0.85 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.83 |
0.88 |
0.94 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.21 |
11.90 |
13.94 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.95 |
17.92 |
26.90 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.26 |
2.07 |
3.41 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.10 |
1.13 |
1.17 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(0.45) |
1.49 |
0.72 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(0.39) |
0.52 |
0.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(2.37) |
13.03 |
14.86 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.23 |
1.27 |
1.05 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.78 |
0.25 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.16 |
0.04 |
0.03 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
14.45 |
13.30 |
13.56 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.23 |
1.27 |
1.05 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
31.500 |
41.100 |
41.100 |
|
Reserves & Surplus |
(0.858) |
4.814 |
143.873 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
30.642 |
45.914 |
184.973 |
|
|
|
|
|
|
long-term borrowings |
78.880 |
156.244 |
207.107 |
|
Short term borrowings |
320.097 |
345.064 |
386.870 |
|
Total
borrowings |
398.977 |
501.308 |
593.977 |
|
Debt/Equity
ratio |
13.021 |
10.918 |
3.211 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
630.470 |
402.210 |
981.888 |
|
|
|
(36.205) |
144.123 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In
Million |
INR
In Million |
INR
In Million |
|
Sales |
630.470 |
402.210 |
981.888 |
|
Profit/ (Loss) |
4.552 |
5.982 |
(4.381) |
|
|
0.72% |
1.49% |
(0.45%) |
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 |
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 |
No |
|
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C67667915 |
10597903 |
YES BANK LIMITED |
22/03/2015 |
- |
- |
9000000.0 |
NEHRU CENTRE, 9th FLOOR, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
2 |
C59421370 |
10581456 |
YES BANK LIMITED |
23/02/2015 |
- |
- |
50000000.0 |
NEHRU CENTRE, 9th FLOOR, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
3 |
C67229278 |
10596932 |
YES BANK LIMITED |
23/02/2015 |
- |
- |
9000000.0 |
NEHRU CENTRE, 9th FLOOR, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
4 |
C46502902 |
10554740 |
INDUSIND BANK LTD. |
13/02/2015 |
- |
- |
71900000.0 |
DR. GOPAL DAS BUILDING28, BARAKHAMBA ROADNEW DELHIDL110001IN |
|
5 |
B30908776 |
10332755 |
Small Industries Development Bank of India (SIDBI) |
16/01/2012 |
- |
- |
100000000.0 |
Videocon Tower, Ground Floor,E- 1, Rani Jhansi Road, Jhandewalan ExtensionNew DelhiDL110055IN |
|
6 |
A60182706 |
10151731 |
Small Industries Development Bank of India (SIDBI) |
25/03/2009 |
- |
- |
1500000.0 |
Ground floor, Videocon TowerRani Jhansi Road, Jhandewalan Extn.New DelhiDL110055IN |
|
7 |
C51726107 |
10083598 |
STATE BANK OF PATIALA |
30/11/2007 |
04/03/2015 |
- |
394900000.0 |
MID CORPORATE BRANCHOM SHUBHAM TOWER, NIT FARIDABADFARIDABADHR121001IN |
|
8 |
A22433585 |
10066615 |
INDUSIND BANK LTD. |
22/08/2007 |
- |
- |
100000000.0 |
NEHRU PLACE BRANCHNEHRU PLACENEW DELHIDL110019IN |
|
9 |
A22061774 |
10065902 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
22/08/2007 |
- |
- |
10000000.0 |
SIDBI TOWER15 ASHOK MARGLUCKNOWUP226001IN |
|
10 |
C58255050 |
10042308 |
YES BANK LIMITED |
08/03/2007 |
11/05/2015 |
- |
50000000.0 |
NEHRU CENTRE, 9th FLOOR, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Debentures 13.5% Optionally Convertible Debentures |
0.000 |
94.217 |
|
From director, Shareholders, relatives and other from bank |
0.000 |
12.336 |
|
Less: Current Maturities of long term debt |
0.000 |
45.194 |
|
|
|
|
|
Total |
0.000 |
61.359 |
NATURE OF OPERATION
Gallium Industries Limited hereinafter referred to as 'the company" is a manufacturing of tube mill equipments and its allied parts and started trading of oil and steel etc.
FINANCIAL HIGHLIGHTS AND OPERATIONS:
Company has incurred a loss of rupees INR 4.381 Million during the year 2015-16.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Computer Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 67.44 |
|
UK Pound |
1 |
INR 89.89 |
|
Euro |
1 |
INR 79.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.