Man infra Financials

2013-14
Debt Equity
Current Ratio
Sales Growth Rate
Profit Margin
Profit Growth Rate
ACP
APP
Annual PAT
Interest Coverage Ratio
Networth (Cr.)
Revenue from Operations

2012-13

0.15
3.571303947
-12.77%
7.52%
-39.95%
135.7
113.56
289,035,000
41.26
598.85
3,841,229,000

Pratibha Industry Financials

2013-14
Debt /Equity
1.31
Current Ratio
1.06
Sales Growth Rate
5.85%
Profit Margin
0.67%
Profit Growth Rate
-81.39%
ACP
108.34
APP
316.00
Annual PAT
153,893,000
Interest Coverage Ratio
1.15
Networth (Cr.)
646.14
Revenue from Operations
22,836,184,000.00

IVRCL Financials
2013-14
Debt /Equity
Current Ratio
Sales Growth Rate
Profit Margin
Profit Growth Rate
ACP
APP
Annual PAT
Interest Coverage Ratio
Networth (Cr.)
Revenue from Operations

0.03
2.742692817
-8.58%
10.93%
-11.47%
122.49
64.71
481,284,000
17.26
578.84
4,403,586,000

2012-13
1.54
1.37
29.19%
3.83%
1.96%
59.49
203.63
826,951,000
1.75
633.12
21,574,645,000.00

2012-13 (9 m)
1.94
0.80

0.12
0.78

NA
NA
NA
147.49
384.59
(8,533,704,000.00)
0.15
2,041.12
49,388,622,000.00

NA
NA
NA
133.28
NA
(2,405,402,000.00)
0.54
2,169.17
4,468,680,000.00

B.E Billimoria & Company Limited

2011-12
Debt Equity
0.55
Current Ratio
1.94
Sales Growth Rate
43.84%
Profit Margin
3.80%
Profit Growth Rate
-7.6%
ACP
104.77
APP
72.17
Annual PAT
271,915,000
Interest Coverage Ratio
3.542128489
Networth (Cr.)
280.53
Revenue from Operations
7,146,366,320

Debt /Equity
Current Ratio
Sales Growth Rate
Profit Margin
Profit Growth Rate
ACP
APP
Annual PAT
Interest Coverage Ratio
Networth (Cr.)
Revenue from Operations

JMC Projects LTD.

2013-14
3.369813163
1.141596564
4.81%
-39.87%
-223.66%
35.34
181.21
(106,100,000)
0.96
450.66
26,614,100,000

Debt /Equity
Current Ratio
Sales Growth Rate
Profit Margin
Profit Growth Rate
ACP
APP
Annual PAT(for 9month)
Interest Coverage Ratio
Networth (Cr.)
Revenue from Operations

Capacite Financials
2013-14
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA

2010-11
0.01
2.07
-21.32%
5.93%
-38.2%
106.43
43.21
294,424,000
9.926172171
254.46
4,968,377,040

2012-13
1.92805859
0.967124489
23.19%
33.79%
-81.01%
16.74
148.65
85,800,000
1.11
416.45
25,393,500,000

9M 31st Dec 2013

5.62
1.47
NA
3%
NA
83.47
80.95
40,744,455.00
6.46
17.82
1,370,621,348

Ahluwalia Contracts
2013-14
Debt Equity
Current Ratio
Sales Growth Rate
Profit Margin
Profit Growth Rate
ACP
APP
Annual PAT
Interest Coverage Ratio
Networth (Cr.)
Revenue from Operations

2012-13

1.29
0.94
-33%
2.27%
130.48%
172.25
172.43
217,359,000
1.08
226.09
8,571,173,000
India bulls Financials
2013-14

Debt /Equity
Current Ratio
Sales Growth Rate
Profit Margin
Profit Growth Rate
ACP
APP
Annual PAT
Interest Coverage Ratio
Networth (Cr.)
Revenue from Operation

Company Name
Man infra
Ahluwalia Contracts
India bulls Real Estate
JMC Projects LTD.
Pratibha Industries
IVRCL Limited

2012-13

0.37
1.83
34%
12.96
28.5%
214.76
33.2
2,238,444,000.00
2.64
6,883.76
17,271,727,000.00

Market Capitalisation (in Cr.)

Source - www.moneycontrol.com
Date - 30.06.2014

1.35
0.89
1.03%
-5%
-53.60%
107.88
97.25
(713,134,000)
-1.49
204.38
14,254,462,000

0.27
1.95
-7%
13.51
5.1%
204.59
21.75
1,741,978,000.00
2.18
7,272.47
12,895,760,000.00

Current Price
886.3
655.87
4231.73
427.03
594.21
796.37

179.05
104.5
99.6
163.5
58.8
25.95

52 week High
184
114.7
109.45
167.75
60.8
30.75

52 Week Low
84
15.55
45.1
55
16.8
9.8

GLOSSARY

Current Ratio or Working Capital Ratio is a relationship of current assets to current liabilities.
Current Ratio = Current Assets / Current Liabilities
Significance:
The objective of calculating Current Ratio is to assess the ability of the enterprise to meet its short-term liabilities promptly. It shows the
number of times the current assets can be converted into cash to meet current liabilities. As a normal rule current assets should be twice
the current liabilities.
Low ratio indicates inadequacy of the enterprise to meet its current liabilities and inadequate working Capital.
High Ratio is an indication of inefficient utilization of funds. An enterprise should have a reasonable current ratio. Although there is no hard
and fast rule yet a current ratio of 2:1 is considered satisfactory.
Debt-Equity Ratio - It is computed to ascertain the soundness of the long-term financial position of the firm.
The ratio is ascertained as follows:
Debt- equity Ratio = Debt (long-term loans) / Equity (shareholders Funds)
Higher Ratio indicates risky financial position while lower ratio indicates safe financial position. Acceptable Debt-Equity Ratio is 2:1 which
means debt can be twice the equity.
Interest Coverage Ratio - It links the company's interest and finance charges to its ability to service them from the profit generated from
operations.
It is given by :
ICR = EBIT/ Finance costs
ACP - Average Collection Period - Time taken by the client to collect money from its Debtors.

APP - Average Payment Period - Time taken by the client to pay money to its Creditors/Vendors.

Ascertaining Credit Purchases

Opening Stock + Opening WIP
Cost of Goods sold [COGS]
Closing stock + Closing WIP
PURCHASES

2014-13

2012-13

Calculation of Average Collection Period

Total Sales
Daily Sales
Total Receivables
Average Collection Period

2014-13

#DIV/0!

#DIV/0!

Calculation of Average Payment Period

Total Purchases
Daily Purchases
Total Creditors / Trade Payables
Average Payment Period

2014-13
1,000.00
3.703703704
500
135.00

2012-13

2014-13

2012-13

2012-13

#DIV/0!

Market Data [For Listed Companies]

Market Capitalization
EPS
Share Price/52 Week High/ 52 Week Low

Ascertaining DSO from Credit Limit

Monthly Sales
Daily Sales
DSO Outcome
Credit Limit
Ascertaining Credit Limit Trigger
Monthly Sales
Daily Sales
Targeted DSO
Credit Limit

6,969,942
232,331.41
129.1258905
30,000,000

6,969,942
232,331.41
60
13,939,884.50

Debt Equity Ratio

Non-current liabilities
Shareholders funds
#DIV/0!
Debt Equity Ratio
Current assets
Current liabilities
#DIV/0!
Interest Coverage Ratio
Earnings Before Interest and Taxes [EBIT]
Finance Costs
#DIV/0!

Client Report Card

SOLVENCY
networth
debt equity ratio
ICR
sector
class
ownership

more than 500cr

less than 1
greater than 20times
infrastructure
promoter
public ltd listed company

LIQUIDITY
current ratio
ACP
APP

greater than 2
less than 45 Days
less than 45 Days

PROFITABILITY
Profit after tax
profit margin
profit growth rate
sales growth rate
sales turnover

greater than 200

greater than 15
greater than 30%
greater than 30%
greater than 1000cr

CLIENT TRADE HISTORY

value of monthly business done
average DSO
recent track history

10lac to 50 lac
less than 45 days
always paid

MARKET REPUTATION
iconic projects
trade creditors reference
bank reference
projects in hand

yes
always paid
good
more than 5

1
1.5
0.75
1
0.75
1
6
2
1
1
4
1
1
0.5
0.5
0.5
3.5
1
3
1
5
0.5
0.25
0.5
0.25
1.5

SCORE

20

on 20

builder and developer industrial

Class
promoter
contractor
subcontractor

ownership
public ltd listed company
public ltd unlisted company
private ltd sub of listed company
private limited
partnership firm

proprietorship firm
NGO/HUF/others

SOLVENCY
networth
more than 500cr
250cr to 500cr
50cr to 250cr
less than 50cr

LIQUIDITY
current ratio
greater than 2
greater than 1.5
greater than 1
less than 1

2
1.5
1
0.25

1.5
1
0.5
0

ACP
less than 45 Days
less than 60 days
less than 90 days
greater than 90 days

1
0.75
0.5
0

ICR
greater than 20times
10 to 20times
2 to 10times
less than 2times

0.75
0.5
0.25
0

APP
less than 45 Days
less than 60 days
less than 90 days
greater than 90 days

1
0.75
0.5
0

sector
infrastructure
builder and developer commercial
builder and developer resedential
builder and developer industrial

1
0.75
0.5
0.25

Class
promoter
contractor
subcontractor

0.75
0.5
0.25

debt equity ratio

less than 1
1 to 2
2 to 3
greater than 3

ownership
public ltd listed company
public ltd unlisted company
private ltd sub of listed company
private limited
partnership firm

1
0.75
0.5
0.25

1
0.9
0.8
0.6
0.5

proprietorship firm
NGO/HUF/others

0.3
0.2

PROFITABILITY
Profit after tax
greater than 200
100 to 200
0 to 100
loss
Profit Margin
greater than 15
10% to 15%
5% to 10%
less than 5%

1
0.75
0.5
0

1
0.75
0.5
0

profit growth rate

greater than 30%
greater than 10%
less than 10%

0.5
0.25
0

Sales Growth Rate

greater than 30%
greater than 10%
less than 10%

0.5
0.25
0

Sales Turnover
greater than 1000cr
200cr to 1000cr
less than 200cr

0.5
0.25
0

Client Trade History

Value of Business Done (Monthly)
10lac to 50 lac
3lac to 10lac
below 3lac
Average DSO
less than 45 days
46 to 60 days
60 to 90 days
greater tha 90
recent track history
always paid
paid with delays
irregular
problematic

1
0.5
0.25

3
2
1
0

1
0.75
0.5
0

MARKET REPUTATION
iconic projects
yes
no
trade creditors reference
always paid
paid with delays
irregular
problematic
bank reference
good
average
neutral
defaulter
number of projects
more than 5
2 to 4
single

0.5
0

0.25
0.2
0.15
0

0.5
0.4
0.3
0.1

0.25
0.15
0.5

Client Report Card

SOLVENCY
networth
debt equity ratio
Interest Coverage Ratio
sector
class
ownership

more than 500cr

less than 1
greater than 20times
infrastructure
contractor
public ltd listed company

LIQUIDITY
current ratio
ACP
APP

greater than 2
greater than 90 days
greater than 90 days

PROFITABILITY
Profit after tax
profit margin
profit growth rate
sales growth rate
sales turnover

0 to 100 cr
5% to 10%
less than 10%
less than 10%
200cr to 1000cr

0.5
0.5
0
0
0.25
1.25

CLIENT TRADE HISTORY

value of monthly business done
average DSO
recent track history

10 lacs and above

60 to 90 days
paid with delays

1
1
0.75
2.75

MARKET REPUTATION
iconic projects
trade creditors reference
bank reference
projects in hand

yes
always paid
good
more than 5

0.5
0.25
0.5
0.25
1.5

1
1.5
0.75
1
0.5
1
5.75
2
0
0
2

SCORE

13.25 on 20

builder and developer industrial

Class
promoter
contractor
subcontractor

ownership
public ltd listed company
public ltd unlisted company
private ltd sub of listed company
private limited
partnership firm

proprietorship firm
NGO/HUF/others

SOLVENCY
networth
more than 500cr
250cr to 500cr
50cr to 250cr
less than 50cr

LIQUIDITY
current ratio
greater than 2
greater than 1.5
greater than 1
less than 1

2
1.5
1
0.25

1.5
1
0.5
0

ACP
less than 45 Days
less than 60 days
less than 90 days
greater than 90 days

1
0.75
0.5
0

ICR
greater than 20times
10 to 20times
2 to 10times
less than 2times

0.75
0.5
0.25
0

APP
less than 45 Days
less than 60 days
less than 90 days
greater than 90 days

1
0.75
0.5
0

sector
infrastructure
builder and developer commercial
builder and developer resedential
builder and developer industrial

1
0.75
0.5
0.25

Class
promoter
contractor
subcontractor

0.75
0.5
0.25

debt equity ratio

less than 1
1 to 2
2 to 3
greater than 3

ownership
public ltd listed company
public ltd unlisted company
private ltd sub of listed company
private limited
partnership firm

1
0.75
0.5
0.25

1
0.9
0.8
0.6
0.5

proprietorship firm
NGO/HUF/others

0.3
0.2

PROFITABILITY
Profit after tax
greater than 200 cr
100 to 200 cr
0 to 100 cr
Loss
Profit Margin
greater than 15
10% to 15%
5% to 10%
less than 5%

1
0.75
0.5
0

1
0.75
0.5
0

profit growth rate

greater than 30%
greater than 10%
less than 10%

0.5
0.25
0

Sales Growth Rate

greater than 30%
greater than 10%
less than 10%

0.5
0.25
0

Sales Turnover
greater than 1000cr
200cr to 1000cr
less than 200cr

0.5
0.25
0

Client Trade History

Value of Business Done (Monthly)
10 lacs and above
3lac to 10lac
below 3lac
Average DSO
less than 45 days
46 to 60 days
60 to 90 days
greater tha 90
recent track history
always paid
paid with delays
irregular
problematic

1
0.5
0.25

3
2
1
0

1
0.75
0.5
0

MARKET REPUTATION
iconic projects
yes
no
trade creditors reference
always paid
paid with delays
irregular
problematic
bank reference
good
average
neutral
defaulter
number of projects
more than 5
2 to 4
single

0.5
0

0.25
0.2
0.15
0

0.5
0.4
0.3
0.1

0.25
0.15
0.5