1. Summary Information
|
|
|
Country |
|
|
Company Name |
Shell India Markets Private Limited |
Principal Name 1 |
Mr. Vikram Singh Mehta |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Ravi Sundararajan |
|
|
|
Registration # |
18-53147 |
|
Street Address |
2nd Floor, Campus 4A, RMZ Millenia, No. 143, Dr. M.G.R.
Road, Kandanchavady, Perungudi, Chennai – 600 096, Tamilnadu, India |
||
|
Established Date |
06.05.2004 |
SIC Code |
- |
|
Telephone# |
91-44-43450000 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-43451500 |
Business Style 2 |
Marketer |
|
Homepage |
Product Name 1 |
Lubricating Oil |
|
|
# of employees |
More than 500
(Approximately) |
Product Name 2 |
Motor Spirit |
|
Paid up capital |
Rs.23,028,788,000/- |
Product Name 3 |
- |
|
Shareholders |
Bodies Corporate (100%) |
Banking |
The |
|
Public Limited Corp. |
No |
Business Period |
7 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
|
Shell Gas B.V. |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
5,816,186,000
|
Current Liabilities |
4,636,715,000
|
|
Inventories |
2,961,377,000
|
Long-term Liabilities |
2,699,000,000 |
|
Fixed Assets |
12,428,147,000 |
Other Liabilities |
641,604,000
|
|
Deferred Assets |
0,000 |
Total Liabilities |
7,977,319,000 |
|
Invest& other Assets |
886,031,000 |
Retained Earnings |
0,000 |
|
|
|
Net Worth |
14,114,422,000 |
|
Total Assets |
22,091,741,000 |
Total Liab. & Equity |
22,091,741,000 |
|
Total Assets (Previous Year) |
17,269,181,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
24,575,871,000 |
Net Profit/(Loss) |
(2,429,050,000) |
|
Sales(Previous yr) |
11,520,940,000 |
Net Profit/(Loss)
(Prev.yr) |
(3,141,105,000) |
MIRA
INFORM REPORT
|
Report Date : |
22.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHELL INDIA MARKETS PRIVATE LIMITED (w.e.f. 25.11.2008) |
|
|
|
|
Formerly Known As : |
SHELL INDIA MARKETING PRIVATE LIMITED |
|
|
|
|
Registered Office : |
2nd Floor, Campus 4A, RMZ Millenia, No. 143, Dr. M.G.R.
Road, Kandanchavady, Perungudi, Chennai – 600 096, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
06.05.2004 |
|
|
|
|
Com. Reg. No.: |
18-53147 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.23028.788 millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U23201TN2004PTC053147 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Marketer of Oil Products. |
|
|
|
|
No. of Employees : |
More than 500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 56000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Shell Group, having multinational operations.
Available information indicates high financial responsibility of the company.
Trade relations are reported as fair. Business is active. Payments are reported
to be usually correct and as per commitments. In view of strong holding, the company can be considered normal 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Nishan Dewan |
|
Designation : |
Accounts Department |
LOCATIONS
|
Registered Office / Financial Services : |
2nd Floor, Campus 4A, RMZ Millenia, No. 143, Dr. M.G.R.
Road, Kandanchavady, Perungudi, Chennai – 600 096, Tamilnadu, India |
|
Tel. No.: |
91-44-43450000 |
|
Fax No.: |
91-44-43451500 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office / Bitumen : |
9th Floor, Building 9A, |
|
Tel. No.: |
91-124-4771500 |
|
Fax No.: |
91-124-4771600 |
|
|
|
|
Factory 1 : |
Plot No. 54, WBIIDC, Uluberia Industrial growth Centre, Birshibpur,
Howrah-711 316, West Bengal, India |
|
Tel. No. : |
91-33-64509267 / 26611463 |
|
Fax No. : |
91-33-26611600 |
|
|
|
|
Factory 2 : |
Plot 745, GIDC, Manjusar, Tal Savli, Dist Vadodara-391775, |
|
Tel. No. : |
91-2667-264151 / 152 |
|
Fax No. : |
91-2667-264153 |
|
|
|
|
Lubricants : |
|
|
Tel. No.: |
91-22-40363888 |
|
Fax No.: |
91-22-40363847 |
|
|
|
|
Retail : |
3rd Floor, RMZ Centennial, Campus B, 8B,
Kundanahalli Main Road, Bangalore – 560 048, Karnataka, India |
|
Tel. No.: |
91-80-40217070 |
|
Fax No.: |
91-80 -40217067 |
|
|
|
|
Project and Technology : |
4th Floor, RMZ Centennial Building No. 8-B,
Kundalahalli Main Road, Mahadevapura P.O., Bangalore - 560 048, Karnataka,
India |
|
Tel. No.: |
91-80-40217137 |
|
Fax No.: |
91-80-40217160 |
|
E-Mail : |
indiacareers@shell.com (for job
opportunities) |
DIRECTORS
As on 29.09.2011
|
Name : |
Mr. Vikram Singh Mehta |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
18, Friends Colony West, |
|
Date of Birth/Age : |
30.10.1952 |
|
Date of Appointment : |
06.05.2004 |
|
DIN No.: |
00041197 |
Other Directorship
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company Status |
Defaulting
status |
|
1 |
U23209DL1996PTC083423 |
Shell India
Private Limited |
Director |
21-11-96 |
21-11-96 |
- |
Amalgamated |
NO |
|
2 |
U40106WB1999PTC140439 |
Environ Energy
Corporation India Private Limited |
Director |
07-06-99 |
07-06-99 |
26-10-07 |
Active |
NO |
|
3 |
U23201MH1993PLC142782 |
Bharat Shell
Limited |
Director |
29-09-99 |
29-09-99 |
- |
Amalgamated |
NO |
|
4 |
U40100GJ2000PTC038780 |
Hazira Lng
Private Limited |
Director |
11-10-00 |
11-10-00 |
- |
Active |
NO |
|
5 |
U63010GJ2000PTC038781 |
Hazira Port
Private Limited |
Director |
11-10-00 |
11-10-00 |
- |
Active |
NO |
|
6 |
L24200MH1937PLC002700 |
Colgate-Palmolive
( |
Director |
25-10-01 |
25-10-01 |
- |
Active |
NO |
|
7 |
U23209MH2001PTC134329 |
Aegis Gas (LPG)
Private Limited |
Director |
26-12-01 |
26-12-01 |
02-04-10 |
Active |
NO |
|
8 |
U40200GJ2002PTC044028 |
Hazira Gas
Private Limited |
Director |
18-03-02 |
18-03-02 |
- |
Active |
NO |
|
9 |
U24119DL2004PTC124373 |
Shell Bitumen
India Private Limited |
Director |
30-01-04 |
30-01-04 |
- |
Amalgamated |
NO |
|
10 |
U23201TN2004PTC053147 |
Shell India
Markets Private Limited |
Director |
06-05-04 |
06-05-04 |
- |
Active |
NO |
|
11 |
U99999UR1928NPL002455 |
Indian Public
Schools Society |
Director |
08-10-05 |
08-10-05 |
- |
Active |
NO |
|
12 |
U73100KA2006PTC038778 |
Shell Technology
India Private Limited |
Director |
20-03-06 |
20-03-06 |
- |
Amalgamated |
NO |
|
13 |
U51909KA2008PTC045558 |
Shell MRPL
Aviation Fuels and Services Private Limited |
Director |
11-03-08 |
11-03-08 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Ravi Sundararajan |
|
Designation : |
Director |
|
Address : |
502, Life is Beautiful Apartments, 76/21, 30th Cross,
Jayanagar, 4th Block, |
|
Date of Birth/Age : |
02.10.1959 |
|
Date of Appointment : |
06.05.2004 |
|
DIN No.: |
02075190 |
|
|
|
|
Name : |
Mr. Rajan M. Sivaraj |
|
Designation : |
Director |
|
Address : |
1203/ 1204, Callalily Y Wing, |
|
Date of Birth/Age : |
27.09.1966 |
|
Date of Appointment : |
29.09.2009 |
|
DIN No.: |
02047653 |
Other Directorship
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company Status |
Defaulting
status |
|
1 |
U23201MH1993PLC142782 |
Bharat Shell
Limited |
Nominee director |
13-12-07 |
13-12-07 |
- |
Amalgamated |
NO |
|
2 |
U51909KA2008PTC045558 |
Shell MRPL Aviation
Fuels and Services Private Limited |
Director |
11-03-08 |
11-03-08 |
26-03-08 |
Active |
NO |
|
3 |
U23201TN2004PTC053147 |
Shell India
Markets Private Limited |
Director |
29-09-09 |
17-12-08 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Donald Samuel Anderson |
|
Designation : |
Director |
|
Address : |
House No.3/ 35, Shanti Niketan, New |
|
Date of Birth/Age : |
24.05.1962 |
|
Date of Appointment : |
29.09.2009 |
|
Date of Ceasing : |
01.11.2011 |
|
DIN No.: |
02064121 |
Other Directorship
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company Status |
Defaulting
status |
|
1 |
U23201MH1993PLC142782 |
Bharat Shell
Limited |
Managing
director |
01-08-08 |
13-12-07 |
- |
Amalgamated |
NO |
|
2 |
U23209DL1996PTC083423 |
Shell India
Private Limited |
Director |
19-03-08 |
19-03-08 |
- |
Amalgamated |
NO |
|
3 |
U23201TN2004PTC053147 |
Shell India
Markets Private Limited |
Director |
29-09-09 |
08-01-09 |
01-11-11 |
Active |
NO |
|
|
|
|
Name : |
Mr. Russell Lloyd Williams |
|
Designation : |
Director |
|
Address : |
No. C-16, Epsilion, |
|
Date of Birth/Age : |
02.10.1957 |
|
Date of Appointment : |
10.03.2010 |
|
DIN No.: |
02258920 |
Other Directorship
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of appointment
at current designation |
Original date of
appointment |
Company Status |
Defaulting
status |
|
1 |
U73100KA2006PTC038778 |
Shell Technology
India Private Limited |
Additional
director |
19-06-08 |
19-06-08 |
Amalgamated |
NO |
|
2 |
U23201TN2004PTC053147 |
Shell India
Markets Private Limited |
Director |
22-09-10 |
10-03-10 |
Active |
NO |
|
|
|
|
Name : |
Mr. Anabil Dutta |
|
Designation : |
Director |
|
Address : |
Villa No. 24, Prestige Bougainvillea, |
|
Date of Birth/Age : |
12.04.1967 |
|
Date of Appointment : |
10.03.2010 |
|
Date of Ceasing : |
01.11.2011 |
|
DIN No.: |
01593989 |
Other Directorship
|
S.No. |
CIN |
Name of the
Company |
Current designation
of the director |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company Status |
Defaulting
status |
|
1 |
U73100KA2006PTC038778 |
Shell Technology
India Private Limited |
Director |
28-03-07 |
28-03-07 |
- |
Amalgamated |
NO |
|
2 |
U23201TN2004PTC053147 |
Shell India
Markets Private Limited |
Director |
22-09-10 |
10-03-10 |
01-11-11 |
Active |
NO |
|
|
|
|
Name : |
Mr. Rajagopal Suryanarayana |
|
Designation : |
Director |
|
Address : |
Villa No. 127, Prestige Ozone, Behind Forum Value Mall, Whitefield, |
|
Date of Birth/Age : |
17.02.1964 |
|
Date of Appointment : |
30.08.2011 |
|
DIN No.: |
00117620 |
Other Directorship
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Company Status |
Defaulting
status |
|
1 |
U23201TN2004PTC053147 |
Shell India
Markets Private Limited |
Director |
29-09-11 |
30-08-11 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. K. Abraham Mammen |
|
Designation : |
Secretary |
|
Address : |
A 203, Mahaveer Tuscan, 188/189 Basavanna Nagar Hoodi, |
|
Date of Birth/Age : |
17.07.1974 |
|
Date of Appointment : |
19.07.2010 |
|
PAN No.: |
AMGPM1943E |
|
|
|
|
Name : |
Mr. Nishan Dewan |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Shell Gas B.V., |
|
1393983882 |
|
B.V. Petroleum |
|
1 |
|
Total |
|
1393983883 |
As on 29.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies Corporate |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Marketer of Oil Products. |
||||||||||||
|
|
|
||||||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Unit |
Installed
Capacity* (per
annum) |
Actual
Production (per
annum) |
|
Lubricants |
Metric Tons (MT) |
48400 |
71377# |
|
Emulsions and Modified Bitumen |
Metric Tons (MT) |
76000 |
24493 |
·
* Installed capacity is as certified by the management
and relied upon by the auditors, being a technical matter. The Installed
capacity is per annum on a single shift basis.
·
# Actual Production is for extended shift.
·
Licenced capacity, Not Applicable.
GENERAL INFORMATION
|
No. of Employees |
More than 500 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
The |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, |
|
|
|
|
Holding Company : |
Shell Gas B.V. |
|
|
|
|
Ultimate Holding Company : |
Royal Dutch Shell Plc * (* No transaction during the year) |
|
|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
As on 29.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3150000000 |
Equity Shares |
Rs.10/- each |
Rs.31500.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1393983883 |
Equity Shares |
Rs.10/- each
|
Rs.13939.839
millions |
As on 31.03.2010
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.23028.788 millions
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
23028.788 |
18413.840 |
11397.046 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(8914.366) |
(6485.316) |
(3344.211) |
|
|
NETWORTH |
14114.422 |
11928.524 |
8052.835 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
2699.000 |
2322.879 |
599.463 |
|
|
TOTAL BORROWING |
2699.000 |
2322.879 |
599.463 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
16813.422 |
14251.403 |
8652.298 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
12428.147 |
10400.857 |
6150.387 |
|
|
Capital work-in-progress |
886.031 |
965.746 |
1080.356 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2961.377
|
2698.706
|
1257.979 |
|
|
Sundry Debtors |
2963.844
|
1711.506
|
14.479 |
|
|
Cash & Bank Balances |
1156.319
|
459.102
|
222.044 |
|
|
Other Current Assets |
93.085
|
93.085
|
85.123 |
|
|
Loans & Advances |
1602.938
|
940.179
|
240.705 |
|
Total
Current Assets |
8777.563
|
5902.578
|
1820.330 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
2342.847
|
249.519 |
|
|
Other Current Liabilities |
|
463.601
|
140.561 |
|
|
Provisions |
641.604
|
211.330
|
8.695 |
|
Total
Current Liabilities |
5278.319
|
3017.778
|
398.775 |
|
|
Net Current Assets |
3499.244
|
2884.800
|
1421.555 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
16813.422 |
14251.403 |
8652.298 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Service (Net) |
24575.871 |
11520.940 |
8196.140 |
|
|
|
Other Income |
NA |
554.660 |
56.087 |
|
|
|
TOTAL (A) |
NA |
12075.600 |
8252.227 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Materials Consumed |
|
8521.997 |
8996.127 |
|
|
|
Employees Remuneration and Benefits |
|
1391.344 |
213.699 |
|
|
|
Other Operating and Administration Expenses |
|
4229.218 |
928.509 |
|
|
|
Provision for Impairment |
|
118.869 |
0.000 |
|
|
|
TOTAL (B) |
NA |
14261.428 |
10138.335 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
(2185.828) |
(1886.108) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
192.352 |
53.584 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(812.346) |
(2378.180) |
(1939.692) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1619.626 |
695.376 |
157.710 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(2431.972) |
(3073.556) |
(2097.402) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(2.922) |
67.549 |
4.858 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(2429.050) |
(3141.105) |
(2102.260) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
(3344.211) |
(1241.951) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
(6485.316) |
(3344.211) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Gross Income from Services Rendered |
8278.094 |
1213.094 |
0.000 |
|
|
|
FOB Value of Exports |
585.456 |
7.173 |
0.000 |
|
|
|
Others |
8.396 |
10.375 |
0.000 |
|
|
TOTAL EARNINGS |
8871.946 |
1230.642 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1890.344 |
2635.637 |
0.000 |
|
|
|
Traded Goods (Additives) |
1001.437 |
363.048 |
9.201 |
|
|
|
Capital Goods |
704.378 |
160.290 |
89.700 |
|
|
TOTAL IMPORTS |
3596.159 |
3158.975 |
98.901 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
(3.22) |
(3.85) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
NA
|
(26.01)
|
(25.48) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(9.90)
|
(26.68)
|
(25.59) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(11.47)
|
(18.85)
|
(26.31) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.17)
|
(0.26)
|
(0.26) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.57
|
0.45
|
0.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.66
|
1.96
|
4.56 |
LOCAL AGENCY FURTHER INFORMATION
NOTE
The Registered Office of the company has been shifted from 8th Floor, Westminster, No.70, Dr. Radhakrishnan Salai, Mylapore, Chennai – 600 004, Tamilnadu, India to the present address w.e.f. 15.07.2009.
CONTINGENT
LIABILITIES
|
Particulars |
As
on 31.03.2010 Rs.
in millions |
|
In respect of Sales Tax / VAT and custom matters |
75.886 |
|
In respect of Service tax matters |
37.002 |
|
In respect to Entry tax |
0.376 |
|
Bank Guarantee |
84.784 |
|
Withholding Tax on Business Support Services |
63.815 |
|
Others |
0.130 |
|
Total |
261.993 |
FORM 8
|
Corporate
identity number of the company |
U23201TN2004PTC053147 |
|
Name of the
company |
SHELL INDIA MARKETS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
No.12, Old No.22, First |
|
This form is for |
Creation of
charge |
|
Type of charge |
Hypothecation |
|
Particular of
charge holder |
The Hong Kong and Shanghai Banking Corporation Limited, # 7, P.O. Box
– 5627, M.G. Road, Bangalore – 560 001, Karnataka, India |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement for
overdraft/ loan/ import/ guarantee and/ or any other banking facilities
against hypothecation of revolving stocks and other moveable assets and also
present and future book debts, dated 15.05.2006 |
|
Date of
instrument Creating the charge |
15.05.2006 |
|
Amount secured by
the charge |
Rs.150.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Inconsideration
of overdraft/ loan/ import/ guarantee and/ or any other banking facilities
sanctioned/ to be sanctioned by the Bank to the Company, as per the terms and
conditions detailed in the Deed of Hypothecation dated. |
|
Description of
the property charged indicating whether it is a charged on |
Stock in trade Book debts |
|
Particulars of
the property charged |
All stock and
receivables present and future as described in Deed of Hypothecation dated. |
FIXED ASSETS
·
·
·
Buildings
·
Office Furniture, Fittings and
Equipments
·
Computer Hardware
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] 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 Rupees |
|
US Dollar |
1 |
Rs.51.72 |
|
|
1 |
Rs.81.42 |
|
Euro |
1 |
Rs.69.89 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
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 |
|
TOTAL |
|
45 |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.