1. Summary Information
|
Reference
# |
135-312186-01-020(20120130081) |
Country |
India |
|
Company Name |
MAZDA COLOURS
LIMITED |
Principal Name 1 |
Mr. Amit C. Choksey |
|
Status |
Good |
Principal Name 2 |
Mr. Bipin V. Jhaveri |
|
Our Reference # |
168162 |
Registration # |
|
|
Street Address |
N K Mehta International House, 178, Backbay, Reclamation Babubhai M Chinai
Marg, Mumbai- 400020, Maharashtra, India |
||
|
Established Date |
25.03.1972 |
SIC Code |
-- |
|
Telephone# |
91-22-61457000 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-22838291 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Pigment Blue |
|
|
# of employees |
Not Available |
Product Name 2 |
Pigment Green |
|
Paid up capital |
Rs.31,771,680/- |
Product Name 3 |
CPC Blue Crude |
|
Shareholders |
Bodies corporate - 28.56% Directors or relatives of
directors - 71.44% |
Banking |
Bank of India |
|
Public Limited Corp. |
NO |
Business Period |
40 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(53) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates
|
-- |
Aeonian Investments Company Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
604,667,000 |
Current Liabilities |
297,468,000 |
|
Inventories |
116,080,000 |
Long-term Liabilities |
115,426,000
|
|
Fixed Assets |
208,491,000 |
Other Liabilities |
33,815,000 |
|
Deferred Assets |
0,000,000 |
Total Liabilities |
446,709,000 |
|
Invest& other Assets |
9,962,000 |
Retained Earnings |
484,048,000 |
|
|
|
Net Worth |
515,820,000 |
|
Total Assets |
962,529,000 |
Total Liab. & Equity |
962,529,000 |
|
Total Assets (Previous Year) |
664,782,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
1,797,889,000 |
Net Profit |
153,678,000 |
|
Sales(Previous yr) |
968,106,000 |
Net Profit(Prev.yr) |
65,361,000 |
MIRA
INFORM REPORT
|
Report Date : |
08.02.2012 |
|
|
|
|
Tel. No.: |
+912222838293 |
|
Fax No.: |
+912222838291 |
IDENTIFICATION DETAILS
|
Name : |
MAZDA COLOURS LIMITED |
|
|
|
|
Registered
Office : |
N. K. Mehta International House, 178, Backbay, Reclamation, Babubhai M
Chinai Marg, Churchgate, Mumbai – 400020, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
25.03.1972 |
|
|
|
|
Com. Reg. No.: |
11-15706 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs. 31.772 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24114MH1972PLC015706 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM19252C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM3864H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Phthalocyanine Pigments. |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2100000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track. General
financial position is good. Trade relations are reported as fair. Business is
active. Payments are reported to be regular and as per commitments. 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
N. K. Mehta International House, 178, Backbay, Reclamation, Babubhai M
Chinai Marg, Churchgate, Mumbai – 400020,Maharashtra, India |
|
Tel. No.: |
91-22-61457000 / 22838293 |
|
Fax No.: |
91-22-22838291 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
D-51, T.T.C, Industrial Area, Thane Belapur Road, Turbhe, Navi
Mumbai-400705, Maharashtra, India |
|
Tel. No.: |
91-22- 27681511 / 27683274 / 27634145 |
|
Fax No.: |
91-22-27631413 |
|
|
|
|
Factory 2 : |
Shed C1B 61, 62 and 63, Plot no. 616, 617 and 618, 100 Shed Area ,
Silvassa Road, G.I.D.C , Vapi -396195. Gujarat |
|
Tel. No.: |
91-260-2453503 / 2453137 |
|
Fax No.: |
91-260-2453307 |
DIRECTORS
As on 26.07.2011
|
Name : |
Mr. Amit C. Choksey |
|
Designation : |
Managing Director |
|
Address : |
Geetanjali 9N, Gamadia Road, Off Peddar Road Mumbai - 400026,
Maharashtra, India |
|
Date of Birth/Age : |
14.10.1954 |
|
Date of Appointment : |
01.04.1993 |
|
DIN No: |
00001470 |
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 |
U65994MH1983PLC030231 |
Sammelan
Investment and Trading Limited |
Director |
25-03-85 |
25-03-85 |
- |
Active |
NO |
|
2 |
U99999MH1986PTC041343 |
Joshimatha
Trading and Investment Private Limited |
Director |
27-07-87 |
27-07-87 |
- |
Active |
NO |
|
3 |
U65990MH1979PTC021042 |
Abhiraj
Trading and Investments Private Limited |
Director |
27-07-87 |
27-07-87 |
- |
Active |
NO |
|
4 |
U51900MH1982PTC026918 |
Aquamarine
Trading and Investments Private Limited |
Director |
30-03-88 |
30-03-88 |
- |
Active |
NO |
|
5 |
U51900MH1986PTC041339 |
Dhumravarna
Trading and Investment Private Limited |
Director |
30-08-88 |
30-08-88 |
25-07-11 |
Active |
NO |
|
6 |
U51900MH1987PTC042459 |
Laxmanjhula
Trading and Investments Private Limited |
Director |
30-08-88 |
30-08-88 |
- |
Active |
NO |
|
7 |
U67120MH1979PTC021878 |
Bhuvantray
Investment and Trading Company Private Limited |
Director |
30-08-88 |
30-08-88 |
- |
Active |
NO |
|
8 |
U67120MH1986PLC040436 |
Cons
Holding Limited |
Director |
28-07-89 |
28-07-89 |
- |
Active |
NO |
|
9 |
U70102MH1991PTC059982 |
Amisha
Buildcon Private Limited |
Director |
03-03-91 |
03-03-91 |
04-01-10 |
Active |
NO |
|
10 |
U65990MH1980PTC022197 |
Gauriputra
Investments and Trading Company Private Limited |
Director |
30-03-91 |
30-03-91 |
06-03-08 |
Active |
NO |
|
11 |
L65990MH1981PLC024860 |
Aeonian
Investments Company Limited |
Director |
17-06-92 |
17-06-92 |
- |
Active |
NO |
|
12 |
U24114MH1972PLC015706 |
Mazda
Colours Limited |
Managing
director |
01-04-08 |
01-04-93 |
- |
Active |
NO |
|
13 |
U24100MH1943PTC019661 |
Choksey
Chemicals Private Limited |
Director |
28-09-94 |
28-09-94 |
- |
Active |
NO |
|
14 |
L99999MH1986PLC039199 |
Apcotex
Industries Limited |
Director |
21-11-97 |
21-11-97 |
- |
Active |
NO |
|
15 |
L99999MH1986PLC041612 |
Sunshield
Chemicals Limited |
Director |
21-04-05 |
21-04-05 |
- |
Active |
NO |
|
16 |
U65990MH1986PTC041344 |
Belt
Trading and Investment Private Limited |
Director |
02-09-09 |
03-10-08 |
25-07-11 |
Active |
NO |
|
Name : |
Mr. Bipin V. Jhaveri |
|
Designation : |
Director |
|
Address : |
62/A, Skyscrapper, Bhulabhai Desai Road, Mumbai - 400026, Maharashtra,
India |
|
Date of Birth/Age : |
10.11.1938 |
|
Date of Appointment : |
30.11.1992 |
|
DIN No: |
00001648 |
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 |
U28992MH1980PTC022591 |
Tinychem
Specialities Private Limited |
Director |
06-05-80 |
06-05-80 |
- |
Active |
NO |
|
2 |
L99999MH1986PLC039199 |
Apcotex
Industries Limited |
Director |
25-11-92 |
25-11-92 |
- |
Active |
NO |
|
3 |
U24114MH1972PLC015706 |
Mazda
Colours Limited |
Director |
30-11-92 |
30-11-92 |
- |
Active |
NO |
|
4 |
U65990MH1996PLC101004 |
Shyamal
Fin-Vest (India) Limited |
Director |
31-01-98 |
31-01-98 |
- |
Active |
NO |
|
5 |
U65910MH1997PLC109440 |
Balasesh
Leafin Limited |
Director |
31-01-98 |
31-01-98 |
- |
Active |
NO |
|
6 |
U72900MH1999PTC123170 |
Apcosoft
Private Limited |
Director |
20-12-99 |
20-12-99 |
- |
Strike
off |
NO |
|
7 |
L99999MH1986PLC041612 |
Sunshield
Chemicals Limited |
Director |
21-04-05 |
21-04-05 |
- |
Active |
NO |
|
8 |
L65990MH1981PLC024860 |
Aeonian
Investments Company Limited |
Director |
09-09-05 |
09-09-05 |
- |
Active |
NO |
|
Name : |
Mr. Atul C. Choksey |
|
Designation : |
Director |
|
Address : |
Geetanjali 9N, Gamadia Road, Off Peddar Road Mumbai - 400026,
Maharashtra, India |
|
Date of Birth/Age : |
17.10.1951 |
|
Date of Appointment : |
30.11.1992 |
|
DIN No: |
00002102 |
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 |
U92411MH1933PLC002813 |
The
Cricket Club of India Limited |
Director |
23-07-87 |
23-07-87 |
27-12-07 |
Active |
NO |
|
2 |
U67120MH1982PLC028510 |
Trivikram
Investments and Trading Company Limited |
Director |
30-09-87 |
30-09-87 |
- |
Active |
NO |
|
3 |
L51900MH1981PLC023737 |
Titan
Trading and Agencies Limited |
Director |
30-09-87 |
30-09-87 |
- |
Active |
NO |
|
4 |
L99999MH1986PLC039199 |
Apcotex
Industries Limited |
Director |
23-01-91 |
23-01-91 |
- |
Active |
NO |
|
5 |
U24114MH1972PLC015706 |
Mazda
Colours Limited |
Director |
30-11-92 |
30-11-92 |
- |
Active |
NO |
|
6 |
U24100MH1943PTC019661 |
Choksey
Chemicals Private Limited |
Director |
25-03-94 |
25-03-94 |
- |
Active |
NO |
|
7 |
L31300MH1967PLC016531 |
Finolex
Cables Limited |
Director |
11-11-97 |
11-11-97 |
- |
Active |
NO |
|
8 |
U65990MH1996PLC101004 |
Shyamal
Fin-Vest (India) Limited |
Director |
05-06-98 |
05-06-98 |
- |
Active |
NO |
|
9 |
U51900MH1997PLC109127 |
Apco
Enterprises Limited |
Director |
05-06-98 |
05-06-98 |
- |
Active |
NO |
|
10 |
U72900MH1999PTC123170 |
Apcosoft
Private Limited |
Director |
20-12-99 |
20-12-99 |
- |
Strike
off |
NO |
|
11 |
U65993MH1999PLC123191 |
IDFC
Asset Management Company Limited |
Director |
21-12-99 |
21-12-99 |
22-05-08 |
Active |
NO |
|
12 |
L25100MH1958PLC011041 |
Ceat
Limited |
Director |
28-01-00 |
28-01-00 |
- |
Active |
NO |
|
13 |
L15140MH1988PLC049208 |
Marico
Limited |
Director |
18-07-02 |
18-07-02 |
- |
Active |
NO |
|
14 |
U91990MH2010NPL211312 |
W P
Organisation (Mumbai Chapter) |
Director |
23-12-10 |
23-12-10 |
- |
Active |
NO |
|
15 |
U67120MH1979PTC021881 |
Saldhar
Investments and Trading Company Private Limited |
Director |
08-08-11 |
27-06-11 |
- |
Active |
NO |
|
16 |
U65990MH1979PTC021043 |
Propycon
Trading and Investments Private Limited |
Director |
18-08-11 |
27-06-11 |
- |
Active |
NO |
|
17 |
U65990MH1980PTC022146 |
Dhumraketu
Investments and Trading Company Private Limited |
Director |
09-08-11 |
27-06-11 |
- |
Active |
NO |
|
Name : |
Mr. Russi D. Bahadurji |
|
Designation : |
Director |
|
Address : |
B-30, Sterling Apartment, G. Deshmukh Marg, Mumbai - 400058 ,
Maharashtra, India |
|
Date of Birth/Age : |
16.03.1922 |
|
Date of Appointment : |
30.11.1992 |
|
DIN No: |
00036258 |
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 |
U24114MH1972PLC015706 |
Mazda
Colours Limited |
Director |
30-11-92 |
30-11-92 |
- |
Active |
NO |
|
Name : |
Mr. Bhanushankar R. Trivedi |
|
Designation : |
Director |
|
Address : |
Block-228, Tower- 3, Ramjharuka Housing Society, M. A. High School,
Andheri (West), Mumbai - 400058, Maharashtra, India |
|
Date of Birth/Age : |
25.09.1925 |
|
Date of Appointment : |
01.02.2007 |
|
DIN No: |
00185895 |
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 |
L65990MH1981PLC024860 |
Aeonian
Investments Company Limited |
Director |
14-10-88 |
14-10-88 |
- |
Active |
NO |
|
2 |
U51909MH2004PTC147458 |
Trisure
Marketing Private Limited |
Director |
13-07-04 |
13-07-04 |
- |
Active |
NO |
|
3 |
U24114MH1972PLC015706 |
Mazda
Colours Limited |
Director |
01-02-07 |
01-02-07 |
- |
Active |
NO |
|
Name : |
Mr. Jagdish N. Shanani |
|
Designation : |
Whole Time Director |
|
Address : |
A-73 Varsha Building Gulmohar Cross Road 4 , JVPD Scheme, Vile Parle,
Mumbai-400049, Maharashtra |
|
Date of Birth/Age : |
13.04.1947 |
|
Date of Appointment : |
01.08.2007 |
|
DIN No: |
01647209 |
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 |
U24114MH1972PLC015706 |
Mazda
Colours Limited |
Whole-time
director |
01-08-10 |
01-08-07 |
- |
Active |
NO |
|
2 |
U25200DL2008PLC181088 |
KLJ Plasticizers
Limited |
Director |
28-09-11 |
31-01-11 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Dhiren P. Mehta |
|
Designation : |
Secretary |
|
Address : |
804,Vastu Shilp Pump House, R.J. Road, Andheri (East), Mumbai - 400093,
Maharashtra, India |
|
Date of Birth/Age : |
31.08.1952 |
|
Date of Appointment : |
02.12.1999 |
|
PAN No: |
AACPM7470N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.07.2011
|
Names of Shareholders |
|
No. of Shares |
|
Aeonian Investments Company Limited, India |
|
536360 |
|
Abhiraj Trading and Investments Private Limited, India |
|
358980 |
|
Trivikram Investments and Trading Company Limited, India |
|
11940 |
|
Amit C. Choksey |
|
542300 |
|
Amit C. Choksey H.U.F |
|
295278 |
|
Priti A Choksey |
|
629300 |
|
Namrata A Choksey |
|
365400 |
|
Ankita A Choksey |
|
230550 |
|
Amit C Choksey (Jointly with Priti A Choksey) |
|
207060 |
|
Total |
|
3177168 |
As on 26.07.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
|
Percentage |
|
Bodies corporate |
|
28.56 |
|
Directors or relatives of directors |
|
71.44 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Phthalocyanine Pigments. |
|
|
|
|
Products : |
·
Pigment Blue 15:0 (alpha Modification ·
Pigment Blue 15:3 (Beta Modification) ·
Pigment Blue 15:1 ·
Pigment Green 7.0 ·
CPC Blue Crude ·
Pre – Dispersed Colourants for detergent, Paints,
Textiles and Viscose. |
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
Pigments, Emulsion and other SIntermediatories |
MT |
10320.00 |
10750.24 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
Bank of India, Nariman Point Branch , Air India Building, Nariman
Point , Mumbai- 400021 , Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
Rs in Millions
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kalyaniwala and Mistry Chartered Accountants |
|
Address : |
Kalpatru Heritage, 127, M.G Road, Mumbai – 400001, Maharashtra, India |
|
PAN No.: |
AAPPI0288G |
|
|
|
|
Associates : |
·
Aeonian Investments Company Limited ·
Abhiraj Trading and Investments Private Limited ·
Amisha Buildcon Private Limited ·
Apco Enterprises Limited ·
Apcotex Industries Limited ·
Aquamarine Trading and Investments Private Limited ·
Balasesh Leafin Limited ·
Belt Trading and Investments Private Limited ·
Bhuvantray Investment and Trading Company Private
Limited ·
Casa Bella Developers Private Limited ·
Casa Bella Realty Private Limited ·
Choksey Chemicals Private Limited ·
Cons Holdings Limited ·
Cybele Paradise Private Limited ·
Dhumraketu Investment and Trading Company Private
Limited ·
Dhumravarna Trading and Investments Private Limited ·
Forest Hills Trading and Investments Private Limited ·
Gauriputra Investment and Trading Company Private
Limited ·
Haridwar Trading and Investments Private Limited ·
Hindustan Mineral Products Company Limited ·
HMP Minerals Private Limited ·
Joshimath Trading and Investment Private Limited ·
Laxmanjhula Trading and Investment Private Limited ·
Propycon Trading and Investments Private Limited ·
Saldhar Investments and Trading Company Private Limited ·
Sammelan Investments and Trading Limited ·
Samuel Dracup and Sons (India) Private Limited ·
Shymal Finvest (India) Limited ·
Sunshield Chemicals Limited ·
Titan Trading and Agencies Limited ·
Trivikram Investments and Trading Company Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Share |
Rs.10/- each |
Rs.50.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3177168 |
Equity Share |
Rs.10/- each |
Rs.31.772
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.032010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
31.772 |
16.900 |
16.900 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
484.048 |
339.632 |
279.214 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
515.820 |
356.532 |
296.114 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
111.826 |
84.991 |
97.750 |
|
|
2] Unsecured Loans |
3.600 |
15.000 |
25.000 |
|
|
TOTAL BORROWING |
115.426 |
99.991 |
122.750 |
|
|
DEFERRED TAX LIABILITIES |
13.771 |
17.383 |
19.251 |
|
|
|
|
|
|
|
|
TOTAL |
645.017 |
473.906 |
438.115 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
208.491 |
211.853 |
216.031 |
|
|
Capital work-in-progress |
25.920 |
11.468 |
7.669 |
|
|
|
|
|
|
|
|
INVESTMENT |
7.370 |
18.097 |
9.908 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
116.080
|
68.124 |
72.954 |
|
|
Sundry Debtors |
415.575
|
263.135 |
179.263 |
|
|
Cash & Bank Balances |
7.421
|
5.769 |
1.514 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
181.671
|
86.336 |
74.510 |
|
Total
Current Assets |
720.747
|
423.364 |
328.241 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
267.650
|
166.680 |
103.950 |
|
|
Other Current Liabilities |
29.818
|
16.842 |
12.413 |
|
|
Provisions |
20.044
|
7.354 |
7.371 |
|
Total
Current Liabilities |
317.512
|
190.876 |
123.734 |
|
|
Net Current Assets |
403.235
|
232.488 |
204.507 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
645.017 |
473.906 |
438.115 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1797.889 |
968.106 |
831.323 |
|
|
|
Other Income |
67.206 |
14.180 |
17.502 |
|
|
|
TOTAL (A) |
1865.095 |
982.286 |
848.825 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption material changes inventories |
1176.062 |
|
|
|
|
|
Manufacturing service costs |
190.191 |
156.905 |
|
|
|
|
Employee related expenses |
93.328 |
83.997 |
|
|
|
|
Administrative selling other expenses |
113.524 |
81.398 |
|
|
|
|
TOTAL (B) |
1573.105 |
838.216 |
746.281 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
291.990 |
144.070 |
102.544 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15.628 |
12.780 |
20.636 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
276.361 |
131.290 |
81.908 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
33.616 |
29.215 |
25.119 |
|
|
|
|
|
|
|
|
|
Less |
PRIOD PERIOD
ITEMS BEFORE TAX |
5.609 |
0.011 |
2.071 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
237.136 |
102.062 |
54.718 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
83.458 |
36.701 |
22.434 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
153.678 |
65.361 |
32.284 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
158.082 |
104.214 |
80.372 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
24.862 |
11.493 |
8.443 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
286.898 |
158.082 |
104.214 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
Export of own products at FOB |
590.455 |
347.577 |
|
|
|
|
Freight |
11.973 |
7.305 |
|
|
|
|
Insurance |
0.129 |
0.107 |
|
|
|
|
TOTAL EARNINGS |
602.557 |
354.989 |
261.271 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Raw Materials |
207.373 |
20.995 |
NA |
|
|
|
TOTAL IMPORTS |
207.373 |
20.995 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
60.09 |
38.68 |
19.10 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.032009 |
|
PAT / Total
Income |
(%) |
8.24
|
6.65 |
3.80 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.19
|
10.54 |
6.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.52
|
16.07 |
10.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.46
|
0.29 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.84
|
0.82 |
0.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.27
|
2.22 |
2.65 |
LOCAL AGENCY FURTHER INFORMATION
Operation:
Sales during the
year increased substantially from Rs. 911.102 Millions in the previous year to
Rs. 1902.572 Millions registering a growth of about 108.82%.
Operating Profits
(EBITDA) of the year stood at Rs. 276.361 Millions registering a jump of about
110% over that of the previous year. Profit before Tax increased significantly
by 137% from Rs. 102.074 Millions to Rs. 242.745 Millions.
Contingent
Liability:
(Rs.
In Millions)
|
Particulars
|
31.03.2011 |
31.03.2010 |
|
Estimated amount
of contracts remaining to be executed on capital account. |
9.802 |
2.095 |
|
Claims against
the Company not acknowledged as debts (net of tax) |
6.915 |
10.109 |
|
Outstanding
Letter of Credits |
40.472 |
0.000 |
|
Total |
88.4201 |
43.435 |
Form
8:
|
Corporate
identity number of the company |
U24114MH1972PLC015706 |
|
Name of the
company |
Mazda Colours Limited |
|
Address of the
registered office or of the principal place of business in |
N K Mehta International House178, Backbay, Reclamation Babubhai M
Cinai Marg, Mumbai Maharashtra- 400020 Email : info@mazdacolours.com
|
|
This form is for |
Modification of
charge |
|
Charge
identification (ID) number of the charge to be modified |
90186838 |
|
Type of charge |
Immovable Property |
|
Particular of
charge holder |
Bank Of India, Nariman
Point Branch, Air India Building, Nariman Point, Mumbai-400021, Maharashtra ,
India. E-mail : vlaxman@vsnl.com |
|
Nature of
instrument creating charge |
Extension of
Equitable Mortgage. |
|
Date of
instrument Creating the charge |
02.05.2011 |
|
Amount secured by
the charge |
Rs.195.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest shall be
charged on the outstanding in the said account(s) at such rate or rates as
may be determined by the said Banks from time to time. Terms of
Repayment On Demand Margin As may be
stipulated by bank from time to time Extent and
Operation of the charge The Company
accorded and gave oral consent to bank of India (BOI), BOI acting for itself
and also as agent of HDFC Bank to continue to hold and retain the title deeds
(by way of constructive delivery) in respect of its immovable properties as
mentioned under item No. 15 below as security for repayment of Rs.195.000
Millions by the Company to BOI, together with interest, additional interest,
costs, charges and expenses etc. Others The buildings,
plant and machinery which were purchased out of Term Loan I, II and III
granted by Bank of India as per Term Loan Agreement dated 20.12.2005 for
Loan-I (since closed), Term Loan Agreement dated 20.12.2005 for Term Loan II
(since closed) and Term Loan Agreement dated 28.02.2007 (since closed) and
which were earlier exclusive charged to Bank of India |
|
Short particulars of the property charged |
Immovable Properties being all that piece of land with buildings,
sheds and structures standing thereon situated at D-51,
T.T.C, Industrial Area, Thane Belapur
Road, Turbhe, Navi Mumbai-400705, Maharashtra, India** ** Registered with Sub-
Registrar at a Mumbai under serial nos. R-2232, Area 15228 square meters. |
|
Date of
instrument modifying the charge |
31.01.2011 |
|
Particulars of
the present modification |
The present Modification
is for furnishing additional security by way of equitable mortgage of
Immovable properties being lying and situate at Navi Mumbai in addition to
securities already furnished by the company at the time of creation of the
charge. There is therefore, no change in amount of charge which stands
secured at Rs.195.000 Millions in favor of the bank. |
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 Rupees |
|
US Dollar |
1 |
Rs.48.12 |
|
|
1 |
Rs.77.31 |
|
Euro |
1 |
Rs.64.12 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
53 |
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.