|
|
|
MIRA
INFORM REPORT
|
Report No. : |
512464 |
|
Report Date : |
01.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
VINDHYA TELELINKS LIMITED |
|
|
|
|
Registered
Office : |
Udyog Vihar, Post Office-Chorhata, Rewa – 486006, Madhya Pradesh |
|
Tel. No.: |
91-7662-400400 |
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|
|
Country : |
India |
|
|
|
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Financials (as
on) : |
31.03.2018 |
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Date of
Incorporation : |
27.01.1983 |
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Com. Reg. No.: |
10-002134 |
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Capital
Investment / Paid-up Capital : |
INR 118.421 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L31300MP1983PLC002134 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AAACV7757J |
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|
|
GSTN : [Goods & Service Tax
Registration No.] |
23AAACV7757J1Z0 |
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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
: |
The Company is engaged in the business of Manufacturing and Sale of Cables (Comprising of telecommunications cables), Other types of Wires and Cables, FRP Rods/ Glass Rovings, and Engineering, Procurement and Construction (EPC) Business. (Registered activity) |
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|
|
|
No. of Employees
: (As on 2017) |
565 (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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1983 and it is engaged in manufacturing of telecom cables (Jelly Filled Telecommunication Cables and Optical Fibre Cables) and Engineering, Procurement and Construction Services to telecom, power, gas distribution pipelines and sewage projects. As per financials of March 2018, the company has registered a growth of 29.92% in its revenue as compared to its previous year’s revenue and has reported good profit margin of 6.21%. Rating takes into consideration the company’s established track record of business operations marked by healthy net worth base along with comfortable debt coverage indicators and good liquidity position. Rating also takes into account the extensive experienced of its promoters and healthy order book position providing long-term revenue visibility. Share are quoted high on Stock Exchanges. (Shares are traded at a price of INR 1,068 against its face value of INR 10.) However, rating strength is partially offset by working capital intensive operations, exposure to volatility of raw material prices, inherent risk associated with large orders and prevalent competition in cable and EPC business. Payments seems to be regular. In view of aforesaid, the company can be considered good 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 |
CARE |
|
Rating |
Long term rating = AA- |
|
Rating Explanation |
High degree of safety and very low credit
risk. |
|
Date |
13.11.2017 |
|
|
|
|
Rating Agency Name |
CARE |
|
Rating |
Short term rating = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest
credit risk. |
|
Date |
13.11.2017 |
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
31-03-2017.
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 01.06.2018
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. Dhiraj |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-7662-400400 |
|
Date : |
30.05.2018 |
LOCATIONS
|
Registered Office/Factory : |
Udyog Vihar, Post Office-Chorhata, Rewa – 486006, Madhya Pradesh,
India |
|
Tel. No.: |
91-7662-400400 |
|
Fax No.: |
91-7662-400591 |
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E-Mail : |
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|
Website : |
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Corporate Office/EPC
Division : |
Ground Floor, 2nd Floor, Wing – B, Commercial Plaza, Radisson Hotel, NH-8, Mahipalpur , New Delhi – 110037, India |
|
Tel. No.: |
91-11-45598800 |
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Fax No.: |
91-11-26779038 |
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|
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|
Head Office / Marketing Office 1: |
Sharda Terrace, 9th Floor, Plot No. 65, Sector – 11, CBD
Belapur, Navi Mumbai – 400614, Maharashtra, India |
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Tel. No.: |
91-22-41268855/27560463/64 |
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Fax No.: |
91-22- 41268899 |
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|
|
|
Marketing Office 2: |
287, 15th Main, RMV Extension, Sadashiv
Nagar, Near Nagasena School, Bengalore-560080, Karnataka, India |
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Tel. No.: |
91 80 23612484/ 23619983 |
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Fax No.: |
91 80 23619981 |
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Marketing Office 3: |
GR Towers, 2nd Floor, 136, Nelson Manickam Road, Aminjikarai, Chennai-600 029, Tamilnadu, India |
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Tel. No.: |
+91 44 23746623/ 23746624 |
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Fax No.: |
91-44-23746625 |
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Marketing Office 4: |
Plot Nos.L62 to L64A, Verna
Industrial Estate, Verna Salcete - 403
722, Goa, India |
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Tel. No.: |
91 832 2782613/ 2782829 |
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Fax No.: |
91 832 2782614 |
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|
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Marketing Office 5: |
Plot No.414, Road No. 22, Jubilee
Hills, Hyderabad - 500033, Telangana, India |
|
Tel. No.: |
91-40 23550183/ 23608218 |
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Fax No.: |
91-40-23553272 |
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Marketing Office 6: |
27-B, Camac Street, 5th Floor, Kolkata - 700 016, West Bengal, India |
|
Tel. No.: |
91-33-22805043/ 22805044 |
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Fax No.: |
91-33-22816227 |
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Works 1 : |
Plot No. 1, Udyog Vihar, P.O - Chorhata, Rewa – 486006, Madhya
Pradesh, India |
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Works 2 : |
Plot No. 1-C and 1-D, Udyog Vihar, P.O - Chorhata, Rewa – 486006,
Madhya Pradesh, India |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Yashwant Singh Lodha |
|
Designation : |
Managing Director |
|
Address : |
B-802, K.M. Apartments, Plot No.12, Sector-12, Dwarka, Delhi – 110075, India |
|
Date of Appointment : |
27.10.2006 |
|
DIN No.: |
00052861 |
|
|
|
|
Name : |
Mr. Shashi Kant Misra |
|
Designation : |
Director |
|
Address : |
29, Golf Links, New Delhi – 110003, India |
|
Date of Appointment : |
27.10.2004 |
|
DIN No.: |
00009411 |
|
|
|
|
Name : |
Mr. Shiv Dayal Kapoor |
|
Designation : |
Director |
|
Address : |
Plot No.199P, Sector-47, Gurugram – 122002, Haryana, India |
|
Date of Appointment : |
19.05.2014 |
|
DIN No.: |
00043634 |
|
|
|
|
Name : |
Mr. Dhanraj Bansal |
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Designation : |
Director |
|
Address : |
House No. 12, Gotri Co-Operative Housing Society, Behind Harikripa Society, Gotri Road, Vadodara – 390021, Gujarat, India |
|
Date of Appointment : |
06.11.1987 |
|
DIN No.: |
00050612 |
|
|
|
|
Name : |
Mr. Jagannathan Veeraraghavan |
|
Designation : |
Director |
|
Address : |
G-15/3, Qutub Enclave, Phase I, Gurugram – 122002, Haryana, India |
|
Date of Appointment : |
27.10.2004 |
|
DIN No.: |
00078998 |
|
|
|
|
Name : |
Pracheta Majumdar |
|
Designation : |
Director |
|
Address : |
Orchid, P-16, Old Ballygunge Road, Kolkata – 700019, West Bengal, India |
|
Date of Appointment : |
27.10.2004 |
|
DIN No.: |
00179118 |
|
|
|
|
Name : |
Mr. Harsh Vardhan Lodha |
|
Designation : |
Director |
|
Address : |
10 Judges Court Road, Flat No. 9, Alipore, Kolkata – 700027, West Bengal, India |
|
Date of Birth/Age : |
13.02.1967 |
|
Qualification : |
Degree in Commerce, Chartered Accountant |
|
Experience : |
29 Years |
|
Date of Appointment : |
05.05.2004 |
|
DIN No.: |
00394094 |
|
|
|
|
Name : |
Mr. Ramesh Chandra Tapuriah |
|
Designation : |
Director |
|
Address : |
13, Raja Santosh Road, Shrachi Manor, 5th Floor, Kolkata – 700027, West Bengal, India |
|
Date of Appointment : |
19.08.1985 |
|
DIN No.: |
00395997 |
|
|
|
|
Name : |
Ms. Kiran Aggarwal |
|
Designation : |
Director |
|
Address : |
281, Tower - 4, Supreme Enclave, Mayur Vihar, Phase – I, Delhi – 110091, India |
|
Date of Appointment : |
10.11.2014 |
|
DIN No.: |
06991807 |
|
|
|
|
Name : |
Mr. Dilip Ganesh Karnik |
|
Designation : |
Director |
|
Address : |
1102, Shivajinagar Pune - 411016, Maharashtra, India |
|
Date of Appointment : |
14.11.2017 |
|
DIN No.: |
06419513 |
KEY EXECUTIVES
|
Name : |
Mr. Saurabh Chhajer |
|
Designation : |
Chief Finance Officer |
|
Address : |
B-9/A Ganesh Marg, Bapu Nagar, Jaipur – 302015, Rajasthan, India |
|
Date of Appointment : |
07.02.2015 |
|
PAN No.: |
AESPC2714F |
|
|
|
|
Name : |
Mr. Satyendu Pattnaik |
|
Designation : |
Company Secretary |
|
Address : |
Vindhya Telelinks Limited Udyog Vihar, P.O. - Chorhata Rewa -486006, Madhya Pradesh, India |
|
Date of Appointment : |
10.08.2017 |
|
PAN No.: |
ALQPP3122P |
|
|
|
|
Name : |
Mr. Dhiraj |
|
Designation : |
Accounts Manager |
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|
Audit Committee : |
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Management Team: |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on March, 2018
|
Category of shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares (calculated as per SCRR,
1957)As a % |
|
|
(A) Promoter & Promoter Group |
5157305 |
43.52 |
|
|
(B) Public |
6693558 |
56.48 |
|
|
Grand Total |
11850863 |
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 % |
|
|
A1) Indian |
|
||
|
Central Government/ State Government(s) |
28000 |
0.24 |
|
|
M P State Industrial Development
Corporation Limited |
28000 |
0.24 |
|
|
Any Other (specify) |
5129305 |
43.28 |
|
|
Universal Cables Limited |
3454530 |
29.15 |
|
|
The Punjab Produce And Trading Company
Private Limited |
1291374 |
10.90 |
|
|
Trilochan Vyapaar Private Limited |
237211 |
2.00 |
|
|
Punjab Produce Holdings Limited |
121842 |
1.03 |
|
|
Baroda Agents And Trading Company Ltd |
15100 |
0.13 |
|
|
Gwalior Webbing Company Private Limited |
8848 |
0.07 |
|
|
Birla Cable Limited |
100 |
0.00 |
|
|
Birla Financial Corporation Ltd |
100 |
0.00 |
|
|
East India Investment Company Private
Limited |
100 |
0.00 |
|
|
Hindustan Gum & Chemicals Ltd |
100 |
0.00 |
|
|
Sub Total A1 |
5157305 |
43.52 |
|
|
A2) Foreign |
0.00 |
||
|
A=A1+A2 |
5157305 |
43.52 |
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 |
|
||
|
Mutual Funds/ |
1062716 |
8.97 |
|
|
Reliance Capital Trustee Co. Ltd-A/C
Reliancesmall Cap Fund |
1062224 |
8.96 |
|
|
Alternate Investment Funds |
92129 |
0.78 |
|
|
Foreign Portfolio Investors |
256708 |
2.17 |
|
|
Cohesion India Best Ideas (Master) Fund
Limited |
211064 |
1.78 |
|
|
Financial Institutions/ Banks |
8997 |
0.08 |
|
|
Any Other (specify) |
2100 |
0.02 |
|
|
UNIT TRUST OF INDIA |
2100 |
0.02 |
|
|
Sub Total B1 |
1422650 |
12.00 |
|
|
B2) Central Government/ State
Government(s)/ President of India |
0.00 |
||
|
B3) Non-Institutions |
0.00 |
||
|
Individual share capital upto INR 0.200
million |
1734665 |
14.64 |
|
|
Individual share capital in excess of INR
0.200 million |
875634 |
7.39 |
|
|
Anand Omprakash Agrawal |
120581 |
1.02 |
|
|
Shyamadevi Agrawal |
364675 |
3.08 |
|
|
Any Other (specify) |
2660609 |
22.45 |
|
|
HUF |
168541 |
1.42 |
|
|
Non-Resident Indian (NRI) |
121537 |
1.03 |
|
|
Director or Director's Relatives |
500 |
0.00 |
|
|
Societies |
1257586 |
10.61 |
|
|
Belle Vue Clinic |
1164286 |
9.82 |
|
|
Unclaimed or Suspense or Escrow Account |
1701 |
0.01 |
|
|
Clearing Members |
62746 |
0.53 |
|
|
Bodies Corporate |
1047998 |
8.84 |
|
|
Rajasthan Global Securities Pvt Ltd |
168742 |
1.42 |
|
|
Sub Total B3 |
5270908 |
44.48 |
|
|
B=B1+B2+B3 |
6693558 |
56.48 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of Manufacturing and Sale of Cables (Comprising of telecommunications cables), Other types of Wires and Cables, FRP Rods/ Glass Rovings, and Engineering, Procurement and Construction (EPC) Business. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished goods |
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Countries : |
Middle East Countries |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
RTGS / NEFT |
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Purchasing : |
RTGS / NEFT |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, End Users
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No. of Employees
: (As on 2017) |
565 (Approximately) |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
V. Sankar Aiyar and Company Chartered Accountants |
|
Address: |
Satyam Cinema Complex, Ranjit Nagar Community Centre, New Delhi –
110008, India |
|
Tel. No.: |
91-11-25702691/ 25704639/ 43702919/ 25705233/ 25705232/ 45150845 |
|
E-Mail : |
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Memberships : |
Not Available |
|
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|
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Collaborators : |
Not Available |
|
|
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Subsidiaries : (As on 2017) |
|
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Joint Ventures: (As on 2017) |
|
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Enterprise over which a director is able to exercise significant
influence: (As on 2017) |
|
|
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|
|
Enterprise which is able to exercise
significant influence over the company and is able to get influenced by the
company “Associate Enterprise” : (As on 2017) |
|
CAPITAL STRUCTURE
As on 31.03.2018
Authorised Capital : Not Available
Subscribed & Paid-up Capital: INR 118.421 Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
INR 10/- each |
INR 150.000 Million |
Issued:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11852014 |
Equity Shares |
INR 10/- each |
INR 118.520
Million |
Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11850863 |
Equity Shares |
INR 10/- each |
INR 118.509
Million |
|
|
Less: Calls unpaid |
|
INR 0.091
Million |
|
|
Total |
|
INR 118.418 Million |
Reconciliation of the
number of equity shares and amount outstanding at the beginning of the year and
at the end of the year:
|
Description |
As at 31st March, 2017 |
|
|
|
No. of Shares |
INR in Million |
|
Outstanding at the beginning of the year |
11850863 |
118.509 |
|
Outstanding at the end of the year |
11850863 |
118.509 |
Term/Right attached to Equity Shares:
The Company has issued only one class of shares referred to as equity share having at par value of INR 10/- each per share ranking pari-passu. The holders of equity shares are entitled to one vote per share.
Details of
Shareholders holding more than 5% shares based on legal ownership in the
subscribed share capital of the Company:
|
Name of the
Shareholder |
As at 31st March, 2017 |
|
|
No. of Shares |
%age of Holding |
|
|
Universal Cables Limited |
3454530 |
29.15 |
|
The Punjab Produce and Trading Company Private Limited. |
1291374 |
10.90 |
|
Belle Vue Clinic |
1164286 |
9.82 |
|
Reliance Capital Trustee Company Limited A/c Reliancesmall Cap Fund |
851516 |
7.19 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
118.421 |
118.418 |
118.415 |
|
(b) Reserves &
Surplus |
5172.666 |
4244.277 |
3556.598 |
|
(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) |
5291.087 |
4362.695 |
3675.013 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1141.408 |
994.897 |
878.618 |
|
(b) Deferred tax
liabilities (Net) |
30.271 |
48.600 |
48.680 |
|
(c) Other long term
liabilities |
59.705 |
9.550 |
11.065 |
|
(d) long-term provisions |
294.204 |
226.474 |
160.881 |
|
Total Non-current
Liabilities (3) |
1525.588 |
1279.521 |
1099.244 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
3450.090 |
1659.157 |
2051.953 |
|
(b) Trade payables |
4648.169 |
3045.551 |
1792.310 |
|
(c) Other current
liabilities |
1304.790 |
1254.812 |
681.619 |
|
(d) Short-term provisions |
29.827 |
52.983 |
124.398 |
|
Total Current Liabilities
(4) |
9432.876 |
6012.503 |
4650.280 |
|
|
|
|
|
|
TOTAL |
16249.551 |
11654.719 |
9424.537 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
908.055 |
706.575 |
778.333 |
|
(ii) Intangible Assets |
18.488 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
45.485 |
151.585 |
1.246 |
|
(iv) Intangible assets
under development |
0.000 |
4.352 |
0.000 |
|
(b) Non-current Investments |
1661.631 |
1448.721 |
1398.368 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
72.714 |
45.802 |
|
(e) Other Non-current
assets |
320.543 |
192.365 |
322.014 |
|
Total Non-Current Assets |
2954.202 |
2576.312 |
2545.763 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3728.545 |
1905.145 |
772.548 |
|
(c) Trade receivables |
7205.411 |
4650.185 |
3844.764 |
|
(d) Cash and cash
equivalents |
343.537 |
380.285 |
249.363 |
|
(e) Short-term loans and
advances |
0.000 |
1327.118 |
1341.194 |
|
(f) Other current assets |
2017.856 |
815.674 |
670.905 |
|
Total Current Assets |
13295.349 |
9078.407 |
6878.774 |
|
|
|
|
|
|
TOTAL |
16249.551 |
11654.719 |
9424.537 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
13426.230 |
10333.505 |
9838.576 |
|
|
Other Income |
107.350 |
171.338 |
178.818 |
|
|
TOTAL |
13533.580 |
10504.843 |
10017.394 |
|
|
|
(Due to business growth) |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
3346.514 |
1565.892 |
2720.879 |
|
|
Purchases of Stock-in-Trade |
30.781 |
65.186 |
12.636 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1744.597) |
(871.202) |
(53.993) |
|
|
Employees benefits expense |
628.315 |
470.169 |
398.605 |
|
|
Other expenses |
870.284 |
1123.844 |
865.389 |
|
|
Materials Purchased/Sub
Contract Expenses |
8521.140 |
6696.948 |
4207.328 |
|
|
Exceptional Item |
0.000 |
0.000 |
47.776 |
|
|
TOTAL |
11652.437 |
9050.837 |
8198.620 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
1881.143 |
1454.006 |
1818.774 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
471.993 |
366.959 |
528.833 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
1409.150 |
1087.047 |
1289.941 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
149.080 |
126.641 |
131.737 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1260.070 |
960.406 |
1158.204 |
|
|
|
|
|
|
|
Less |
TAX |
426.763 |
287.987 |
384.733 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
833.307 |
672.419 |
773.471 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
762.770 |
632.151 |
635.048 |
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
Transfer
to debenture redemption reserve |
|
41.800 |
0.000 |
|
|
Transfer to General
Reserve |
|
500.000 |
700.000 |
|
|
Proposed Dividend on
equity shares |
|
0.000 |
71.105 |
|
|
Tax on Dividend |
|
0.000 |
5.263 |
|
|
Total |
|
541.800 |
776.368 |
|
|
|
|
|
|
|
|
Balance Carried to the B/S
|
|
762.770 |
632.151 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
|
156.677 |
710.825 |
|
|
Contract Revenue |
|
26.255 |
0.180 |
|
|
Interest |
|
0.020 |
0.072 |
|
|
Others (Freight &
Insurance) |
|
1.437 |
8.530 |
|
|
TOTAL EARNINGS |
|
184.389 |
719.607 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
|
867.169 |
1134.624 |
|
|
Components and Stores
parts |
|
125.113 |
139.419 |
|
|
Capital Goods |
|
11.151 |
12.014 |
|
|
TOTAL IMPORTS |
NA |
1003.433 |
1286.057 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
70.32 |
56.74 |
65.27 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
97.448 |
239.788 |
|
Cash generated from operations |
1237.356 |
990.506 |
995.046 |
|
Net cash flow from operating activity |
908.106 |
683.774 |
688.314 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
195.88 |
164.25 |
142.64 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
1.86 |
2.22 |
2.56 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
502.35 |
681.53 |
239.32 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.50 |
0.76 |
2.35 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.94 |
1.69 |
2.33 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.65 |
0.60 |
0.59 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.87 |
0.61 |
0.80 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.78 |
1.38 |
1.27 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.18 |
0.20 |
0.21 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.99 |
3.96 |
3.44 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
6.21 |
6.51 |
7.86 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.13 |
5.77 |
8.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
15.75 |
15.41 |
21.05 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.41 |
1.51 |
1.48 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.01 |
1.19 |
1.31 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.33 |
0.37 |
0.39 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
38.77 |
23.24 |
26.77 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.41 |
1.51 |
1.48 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
STOCK
PRICES
|
Face Value |
INR 10/- |
|
Market Value |
INR 1068/- |
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 |
118.415 |
118.418 |
118.421 |
|
Reserves & Surplus |
3556.598 |
4244.277 |
5172.666 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3675.013 |
4362.695 |
5291.087 |
|
|
|
|
|
|
long-term borrowings |
878.618 |
994.897 |
1141.408 |
|
Short term borrowings |
2051.953 |
1659.157 |
3450.090 |
|
Total
borrowings |
2930.571 |
2654.054 |
4591.498 |
|
Debt/Equity
ratio |
0.797 |
0.608 |
0.868 |
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 |
9838.576 |
10333.505 |
13426.230 |
|
|
|
5.030 |
29.929 |
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 |
9838.576 |
10333.505 |
13426.230 |
|
Profit |
773.471 |
672.419 |
833.307 |
|
|
7.86% |
6.51% |
6.21% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2018 |
31.03.2017 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
118.421 |
118.418 |
|
(b) Reserves &
Surplus |
|
20839.503 |
5627.432 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
20957.924 |
5745.850 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1141.408 |
994.897 |
|
(b) Deferred tax
liabilities (Net) |
|
55.072 |
48.529 |
|
(c) Other long term
liabilities |
|
59.705 |
9.550 |
|
(d) long-term provisions |
|
294.204 |
226.474 |
|
Total Non-current
Liabilities (3) |
|
1550.389 |
1279.450 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
3450.090 |
1659.157 |
|
(b) Trade payables |
|
4648.234 |
3046.335 |
|
(c) Other current
liabilities |
|
1305.315 |
1254.920 |
|
(d) Short-term provisions |
|
31.507 |
56.679 |
|
Total Current Liabilities
(4) |
|
9435.146 |
6017.091 |
|
|
|
|
|
|
TOTAL |
|
31943.459 |
13042.391 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
908.055 |
706.593 |
|
(ii) Intangible Assets |
|
8.606 |
0.000 |
|
(iii) Capital
work-in-progress |
|
45.485 |
151.585 |
|
(iv) Intangible assets
under development |
|
0.000 |
4.352 |
|
(b) Non-current
Investments |
|
16872.760 |
2306.064 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
280.000 |
553.200 |
|
(e) Other Non-current
assets |
|
321.573 |
192.365 |
|
Total Non-Current Assets |
|
18436.479 |
3914.159 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
3728.545 |
1905.145 |
|
(c) Trade receivables |
|
7205.411 |
4651.117 |
|
(d) Cash and cash
equivalents |
|
355.033 |
428.184 |
|
(e) Short-term loans and
advances |
|
200.000 |
1327.298 |
|
(f) Other current assets |
|
2017.991 |
816.488 |
|
Total Current Assets |
|
13506.980 |
9128.232 |
|
|
|
|
|
|
TOTAL |
|
31943.459 |
13042.391 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Income |
|
13426.230 |
10334.497 |
|
|
Other Income |
|
317.138 |
297.933 |
|
|
TOTAL |
|
13743.368 |
10632.430 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
3346.514 |
1565.892 |
|
|
Purchases of
Stock-in-Trade |
|
30.781 |
65.186 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(1744.597) |
(871.202) |
|
|
Employees benefits
expense |
|
629.704 |
473.259 |
|
|
Other expenses |
|
871.036 |
1125.355 |
|
|
Materials Purchased/Sub
Contract Expenses |
|
8521.140 |
6697.711 |
|
|
Share in profit / Loss |
|
-512.208 |
0.000 |
|
|
TOTAL |
|
11142.370 |
9056.201 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
2600.998 |
1576.229 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
471.993 |
366.959 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
2129.005 |
1209.270 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
149.080 |
126.649 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
1979.925 |
1082.621 |
|
|
|
|
|
|
|
Less |
TAX |
|
445.818 |
214.658 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
1534.107 |
867.963 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
129.45 |
73.24 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
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) |
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NATURE OF
OPERATIONS (As on 2017)
The Company is engaged in the business of Manufacturing and Sale of Cables (Comprising of telecommunications cables), Other types of Wires and Cables, FRP Rods/ Glass Rovings, and Engineering, Procurement and Construction (EPC) Business
UNSECURED LOAN
|
Unsecured Loan |
31.03.2018 (INR
in Million) |
31.03.2017 (INR
in Million) |
|
Long-term Borrowings |
|
|
|
(500 Nos. Face Value of INR 1000000 each) |
|
500.000 |
|
Other Loan |
|
300.000 |
|
Less: Current maturities of Long-term Borrowings at the year end |
|
|
|
Supplier’s Credit in Foreign Currency |
|
|
|
Rupee Term Loan bank |
|
(25.000) |
|
Foreign currency term loan from a bank |
|
(72.448) |
|
Total |
NA |
702.552 |
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G77366615 |
100153772 |
RBL BANK LIMITED |
31/01/2018 |
31/01/2018 |
- |
95000000.0 |
SHAHUPURI,KOLHAPUR, KOLHAPUR - 416001, MAHARASHTRA INDIA |
|
2 |
G38908331 |
100072197 |
RBL BANK LIMITED |
27/12/2016 |
17/03/2017 |
- |
210000000.0 |
SHAHUPURI,KOLHAPUR, KOLHAPUR - 416001, MAHARASHTRA INDIA |
|
3 |
C79000865 |
10618860 |
State Bank of India |
20/01/2016 |
20/01/2016 |
- |
2500000000.0 |
CORPORATE ACCOUNTS GROUP BRANCHRELIANCE HOUSE, 2ND FLOOR,34,JAWAHARLAL NEHRU ROAD KOLKATA-700071 WEST BENGAL INDIA |
|
4 |
G38902995 |
10618280 |
RBL BANK LIMITED |
11/01/2016 |
17/03/2017 |
- |
300000000.0 |
SHAHUPURI,KOLHAPUR, KOLHAPUR - 416001, MAHARASHTRA INDIA |
|
5 |
G38935276 |
10618289 |
RBL BANK LIMITED |
11/01/2016 |
17/03/2017 |
- |
500000000.0 |
SHAHUPURI,KOLHAPUR, KOLHAPUR - 416001, MAHARASHTRA INDIA |
|
6 |
C78256831 |
10578424 |
State Bank of Patiala |
20/06/2015 |
20/01/2016 |
- |
186100000.0 |
MID CORPORATE BRANCH, AMBADEEP BUILDING(GROUND FLOOR), 14, KASTURBA GANDHI ROAD NEW DELHI-110001 INDIA |
|
7 |
G40271926 |
10524878 |
State Bank of India |
25/09/2014 |
17/03/2017 |
- |
5350000000.0 |
CORPORATE ACCOUNTS GROUP BRANCH,SRIBRIDDHI BHAVAN2ND FLOOR, 34, JAWAHARLAL NEHRU ROAD KOLKATA-700071 WEST BENGAL INDIA |
|
8 |
B96632849 |
10406630 |
State Bank of Patiala |
01/02/2013 |
13/02/2014 |
- |
150000000.0 |
MID CORPORATE BRANCH, AMBADEEP BUILDINGGROUND FLOOR, K.G.MARGNEW DELHI-110001 INDIA |
|
9 |
G77070019 |
90202809 |
State Bank of India |
24/10/1992 |
31/01/2018 |
- |
13800000000.0 |
CORPORATE ACCOUNTS GROUP BRANCH, SRIBRIDDHI BHAVAN2ND FLOOR , 34 JAWAHARLAL NEHRU ROAD KOLKATA-700071 WEST BENGAL INDIA |
|
10 |
G76672260 |
10448282 |
STATE BANK OF PATIALA |
31/08/2013 |
13/02/2014 |
31/01/2018 |
250000000.0 |
MID CORPORATE BRANCH, AMBADEEP BUILDINGGROUND FLOOR,K.G.MARGNEW DELHI-110001 INDIA |
FIXED ASSETS
- Freehold Land
- Leasehold Land
- Buildings
- Plant & Equipments
- Office Equipments
- Furniture & Fixtures
- Vehicles
- Leasehold Improvements
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
|
Indian INR |
|
US Dollar |
1 |
INR 67.52 |
|
|
1 |
INR 91.48 |
|
Euro |
1 |
INR 80.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHRY |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RKI |
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 |
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.