1. Summary Information
|
|
|
Country |
|
|
Company Name |
MAZAGON DOCK
LIMITED |
Principal Name 1 |
Mr.
Harisimransingh Malhi |
|
Status |
Good |
Principal Name 2 |
Mr. Gyanesh Kumar |
|
|
|
Registration # |
11-002079 |
|
Street Address |
Dockyard Road, Mumbai – 400 010,
Maharashtra |
||
|
Established Date |
26.02.1934 |
SIC Code |
-- |
|
Telephone# |
91-22-23775562 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-23738338 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Warships |
|
|
# of employees |
8500 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.1,992,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Government
[Central and State] – 99.99% Directors or relatives of Directors – 0.01% |
Banking |
State Bank of
India |
|
Public Limited Corp. |
NO |
Business Period |
78 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Aa
(72) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
|
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
96,182,200,000 |
Current Liabilities |
209,560,700,000 |
|
Inventories |
121,662,900,000 |
Long-term Liabilities |
191,000,000 |
|
Fixed Assets |
1147,800,000 |
Other Liabilities |
1,061,600,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
210,813,300,000 |
|
Invest& other Assets |
3,220,600,000 |
Retained Earnings |
9,408,200,000 |
|
|
|
Net Worth |
11,400,200,000 |
|
Total Assets |
222,213,500,000 |
Total Liab. & Equity |
222,213,500,000 |
|
Total Assets (Previous Year) |
17,0731,440,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
26,114,100,000 |
Net Profit |
2,435,200,000 |
|
Sales(Previous yr) |
28,561,300,000 |
Net Profit(Prev.yr) |
2,401,900,000 |
|
Report Date : |
11.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
MAZAGON DOCK LIMITED |
|
|
|
|
Registered
Office : |
Dockyard Road,
Mumbai – 400 010, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
26.02.1934 |
|
|
|
|
Com. Reg. No.: |
11-002079 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1992.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U35100MH1934GOI002079 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRM00118G |
|
|
|
|
Legal Form : |
A Closely Held
Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
Warships and Submarines. |
|
|
|
|
No. of Employees
: |
8500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (72) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 45000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an union government company. It is a well established and a
reputed company having fine track. The lenders and creditors can be confident
of their exposures in the company, subject being a government company.
Financial position of the company, appears to be sound. 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered/
Corporate Office : |
Dockyard Road,
Mumbai – 400 010, |
|
Tel. No.: |
91-22-23775562
(20 Lines)/ 23781561/ 23713451/ 23730660/ 23726293 |
|
Fax No.: |
91-22-23738338/
23738340/ 147/ 8228/ 333 /151/ 23725043 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Regional
Office: |
Shipyard House,
A1/314, Safdarjung Enclave, New Delhi-110 029, |
|
Tel No: |
91-11-26100972 /
26108941 |
|
Fax No: |
91-11-26108940 |
|
|
|
|
Regional
Office: |
First Secretary
(MDL), |
|
Tel No: |
007-095-9358689 |
|
Fax No: |
007-095-9171127 |
|
|
|
|
Branch Office
: |
Located at ·
·
|
DIRECTORS
AS ON 25.08.2011
|
Name : |
Mr.
Harisimransingh Malhi |
|
Designation : |
Chairman cum
Managing Director |
|
Address : |
16/17, Currie
House, Mazagon Dock Officers Colony, Dockyard Road, Mumbai – 400 010,
Maharashtra, India |
|
Date of Birth/Age : |
02.01.1952 |
|
Date of Appointment : |
20.10.2008 |
|
DIN No.: |
02388929 |
|
|
|
|
Name : |
Mr. Gyanesh Kumar
|
|
Designation : |
Director |
|
Address : |
C-II, 8-2, Sector 13, A Block R.K. Puram, |
|
Date of Birth/Age : |
27.01.1964 |
|
Date of Appointment : |
31.12.2007 |
|
DIN No.: |
02046823 |
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 |
U35100MH1934GOI002079 |
MAZAGON
DOCK LIMITED |
Director |
31-12-07 |
31-12-07 |
- |
Active |
NO |
|
2 |
U35111WB1934GOI007891 |
GARDEN
REACH SHIPBUILDERS ENGINEERS LIMITED |
Nominee
director |
31-12-07 |
31-12-07 |
- |
Active |
NO |
|
3 |
L32309KA1954GOI000787 |
BHARAT
ELECTRONICS LIMITED |
Director |
29-09-08 |
31-12-07 |
27-01-10 |
Active |
NO |
|
4 |
U14292AP1973GOI001660 |
MISHRA
DHATU NIGAM LIMITED |
Director |
28-01-10 |
28-01-10 |
- |
Active |
NO |
|
5 |
U74899AP1952GOI076711 |
HINDUSTAN
SHIPYARD LIMITED |
Director |
22-02-10 |
22-02-10 |
- |
Active |
NO |
|
Name : |
Mr. Prem Kumar
Kataria |
|
Designation : |
Director |
|
Address : |
8205, Sector B-Date of Birth/Age X, Vasant Kunj,
New Delhi – 110070, Delhi, India |
|
Date of Birth/Age : |
01.05.1960 |
|
Date of Appointment : |
12.07.2010 |
|
DIN No.: |
03175921 |
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 |
U35100MH1934GOI002079 |
MAZAGON
DOCK LIMITED |
Director |
12-07-10 |
12-07-10 |
Active |
NO |
|
2 |
U35301KA1963GOI001622 |
HINDUSTAN
AERONAUTICS LIMITED |
Director |
12-07-10 |
12-07-10 |
Active |
NO |
|
3 |
U63032GA1967GOI000077 |
GOA
SHIPYARD LIMITED |
Director |
12-07-10 |
12-07-10 |
Active |
NO |
|
Name : |
Mr. Gopal
Badrinath Bharti |
|
Designation : |
Whole Time
Director |
|
Address : |
11, Currie House,
MDL Officers Quarters, Dockyard Road, Mumbai – 400010, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1953 |
|
Date of Appointment : |
09.09.2008 |
|
DIN No.: |
02333261 |
|
|
|
|
Name : |
Mr.
Anantharamalingeswara Rao Gadepalli |
|
Designation : |
Whole Time
Director |
|
Address : |
14, Currie House,
MDL Officers Quarters, Dockyard Road, Mumbai – 400010, Maharashtra, India |
|
Date of Birth/Age : |
26.01.1952 |
|
Date of Appointment : |
28.01.2009 |
|
DIN No.: |
02568379 |
|
|
|
|
Name : |
Mr. Radam Bajaj
Rakesh |
|
Designation : |
Whole Time
Director |
|
Address : |
12, Currie House, MDL
Officers Quarters, Dockyard Road, Mumbai – 400010, Maharashtra, India |
|
Date of Birth/Age : |
15.06.1953 |
|
Date of Appointment : |
16.12.2009 |
|
DIN No.: |
0289463 |
|
|
|
|
Name : |
Mr. Ramarao Raghunath Penukonda |
|
Designation : |
Whole Time Director |
|
Address : |
8, CyrrieHouse MDL, Officers
Quarters, Dockyard Road, Mumbai – 400010, Maharashtra, India |
|
Date of Birth/Age : |
07.12.1960 |
|
Date of Appointment : |
01.07.2011 |
|
DIN No.: |
03568403 |
|
|
|
|
Name : |
Mr. Sastry Venkata Rama Vadlamani |
|
Designation : |
Director |
|
Address : |
957, 9th Main 3rd Stage, 3rd Block, Basaveshwar
Nagar, Bangalore-560079, Karnataka, India |
|
Date of Birth/Age : |
23.04.1949 |
|
Date of Appointment : |
07.12.2010 |
|
DIN No.: |
00027875 |
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 |
L32309KA1954GOI000787 |
BHARAT
ELECTRONICS LIMITED |
Managing
director |
01-02-07 |
01-05-05 |
30-04-09 |
Active |
NO |
|
2 |
U31909MH1990PLC058096 |
BEL
OPTRONIC DEVICES LIMITED |
Nominee
director |
01-02-07 |
19-05-05 |
01-05-09 |
Active |
NO |
|
3 |
U32109KA1997PTC022695 |
BEL
MULTITONE PRIVATE LIMITED |
Nominee
director |
27-06-05 |
27-06-05 |
01-05-09 |
Active |
NO |
|
4 |
U74899DL2005PTC142561 |
C-DOT
ALCATEL-LUCENT RESEARCH CENTRE PRIVATE LIMITED |
Additional
director |
10-09-10 |
10-09-10 |
- |
Active |
NO |
|
5 |
U35100MH1934GOI002079 |
MAZAGON
DOCK LIMITED |
Director |
07-12-10 |
07-12-10 |
- |
Active |
NO |
|
6 |
U35301KA1963GOI001622 |
HINDUSTAN
AERONAUTICS LIMITED |
Director |
09-03-11 |
09-03-11 |
- |
Active |
NO |
|
7 |
U32100AP1967GOI001149 |
ELECTRONICS
CORPORATION OF INDIA LIMITED |
Director |
10-03-11 |
10-03-11 |
- |
Active |
NO |
|
Name : |
Mr. Shridhar Laxman Bapat |
|
Designation : |
Director |
|
Address : |
9-C, Anjaneya C-operative Housing Society, Orchared Avenue, Opposite
Hiranandani School, Mumbai-400076, Maharashtra, India |
|
Date of Birth/Age : |
30.10.1952 |
|
Date of Appointment : |
07.12.2010 |
|
DIN No.: |
03363761 |
|
|
|
|
Name : |
Mr. Pankaj Chandra |
|
Designation : |
Director |
|
Address : |
Indian Institute of Management Baneghat Road, Bangalore-560076,
Karnataka, India |
|
Date of Birth/Age : |
28.02.1959 |
|
Date of Appointment : |
07.12.2010 |
|
DIN No.: |
00988867 |
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 |
U74999GJ1978PTC050338 |
ERHARDT
+ LEIMER (INDIA) PRIVATE LIMITED |
Director |
25-06-07 |
11-12-06 |
18-03-09 |
Active |
NO |
|
2 |
U27200GJ2004PTC051125 |
CEON
SOLUTIONS PRIVATE LIMITED |
Director |
27-09-08 |
01-12-07 |
09-04-09 |
Active |
NO |
|
3 |
U40200MH1995PLC088133 |
MAHANAGAR
GAS LIMITED |
Director |
30-09-08 |
07-05-08 |
28-06-11 |
Active |
NO |
|
4 |
U73200KA2010NPL053371 |
IIMB
INNOVATIONS |
Director |
23-04-10 |
23-04-10 |
- |
Active |
NO |
|
5 |
U35100MH1934GOI002079 |
MAZAGON
DOCK LIMITED |
Director |
07-12-10 |
07-12-10 |
- |
Active |
NO |
|
Name : |
Mr. Pankaj Agarwal |
|
Designation : |
Director |
|
Address : |
B-3/55, Sardarjung Enclave, New Delhi-110029, India |
|
Date of Birth/Age : |
03.07.1961 |
|
Date of Appointment : |
07.12.2010 |
|
DIN No.: |
00353626 |
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 |
U67120MH1996GOI097783 |
CANARA
BANK SECURITIES LIMITED |
Director |
13-12-02 |
13-12-02 |
12-09-07 |
Active |
NO |
|
2 |
U74899DL1965PLC004322 |
CEMENT
CORPORATION OF INDIA LIMITED |
Director |
09-09-10 |
09-09-10 |
- |
Active |
NO |
|
3 |
U35100MH1934GOI002079 |
MAZAGON
DOCK LIMITED |
Director |
07-12-10 |
07-12-10 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Enkandigai Sreenivasan Selvaraj |
|
Designation : |
Secretary |
|
Address : |
4, Sarin House, Mdl Officers Qtrs, |
|
Date of Birth/Age : |
03.06.1956 |
|
Date of Appointment : |
17.04.2007 |
|
Pan No.: |
AWVPS9292B |
|
|
|
|
Name : |
Mr. Devdas Uchil |
|
Designation : |
Additional General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.08.2011
|
Names of Shareholders |
No. of Shares |
|
President of |
19919995 |
|
Rajkumar Singh |
1 |
|
Gyanesh Kumar |
2 |
|
Prem Kumar Kataria |
1 |
|
Vadm H.S. Malhi |
1 |
|
Total |
19920000 |
AS ON 25.08.2011
|
Equity Shares
Break Up |
Percentage |
|
Government
[Central and State] |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Warships and Submarines. |
||||||||||||
|
|
|
||||||||||||
|
Products : |
|
PRODUCTION
STATUS (As On 31.03.2010)
(Actual
Production): as complied by the management
|
Particulars |
Actual Production |
|
Ships delivered |
3 |
|
Ships under
construction |
7 |
|
Submarine repair |
1 |
|
Submarine under
construction |
5 |
GENERAL INFORMATION
|
No. of Employees : |
8500 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
State Bank of India, Consortium Commercial
Branch, G. N. Vaidya Branch, Mumbai-400001, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R Devendra Kumar and Associates Chartered Accountant |
|
Address : |
205, Blue Rose Industrial Estate, Near Petrol Pump, Western Express
Highway, Borivali (East), Mumbai-400066, Maharashtra, India |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.100/- each |
Rs. 2000.000 Millions |
|
12372000 |
7% Redeemable Cumulative Preference Shares |
Rs. 100/- each |
Rs. 1237.200 Millions |
|
|
Total |
|
Rs. 3237.200
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19920000 |
Equity Shares |
Rs.100/-
each |
Rs. 1992.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1992.000 |
2239.440 |
2486.900 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
9408.200 |
7561.500 |
5769.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
11400.200 |
9800.940 |
8255.900 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
191.000 |
198.400 |
213.300 |
|
|
TOTAL BORROWING |
191.000 |
198.400 |
213.300 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
2.900 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
11591.200 |
10002.240 |
8469.200 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1147.800 |
1137.300 |
878.600 |
|
|
Capital work-in-progress |
3095.600 |
1515.600 |
839.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
60.000 |
60.000 |
60.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
10.800 |
|
|
OTHER ASSETS |
65.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
121662.900
|
96748.200 |
99647.800 |
|
|
Sundry Debtors |
3079.700
|
3581.600 |
106.600 |
|
|
Cash & Bank Balances |
46105.200
|
25520.200 |
31309.200 |
|
|
Other Current Assets |
1134.200
|
1117.940 |
1480.800 |
|
|
Loans & Advances |
45863.100
|
41050.600 |
34273.700 |
|
Total
Current Assets |
217845.100
|
168018.540 |
166818.100 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
12837.700
|
12345.900 |
7629.400 |
|
|
Other Current Liabilities |
196723.000
|
147273.100 |
151561.200 |
|
|
Provisions |
1061.600
|
1110.200 |
946.700 |
|
Total
Current Liabilities |
210622.300
|
160729.200 |
160137.300 |
|
|
Net Current Assets |
7222.800
|
7289.340 |
6680.800 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
11591.200 |
10002.240 |
8469.200 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
26114.100 |
28561.300 |
25689.300 |
|
|
|
Other Income |
NA |
2272.000 |
3232.000 |
|
|
|
TOTAL (A) |
NA |
30833.300 |
28921.300 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption of raw material. Stones, equipments, spare parts etc. |
NA |
12902.400 |
10760.100 |
|
|
|
Sub Contact |
NA |
5997.600 |
7756.700 |
|
|
|
Power and fuel |
NA |
132.800 |
149.100 |
|
|
|
Salaries and Wages |
NA |
5140.700 |
3813.700 |
|
|
|
Expenses directly related to projects |
NA |
1110.100 |
1650.900 |
|
|
|
Other expenses |
NA |
1100.100 |
752.500 |
|
|
|
Provision made during the year |
NA |
486.100 |
3.600 |
|
|
|
Transferred to Fixed assets |
NA |
(20.100) |
(19.700) |
|
|
|
Previous Years Adjustments |
NA |
(3.000) |
(1.000) |
|
|
|
TOTAL (B) |
NA |
26846.700 |
24865.900 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
3986.600 |
4055.400 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
0.200 |
0.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
3986.400 |
4055.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
121.700 |
82.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3660.500 |
3864.700 |
3972.800 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1225.300 |
1462.800 |
1265.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2435.200 |
2401.900 |
2707.300 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
228.700 |
199.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
1500.000 |
1800.000 |
|
|
|
Transfer to capital redemption reserves |
NA |
247.400 |
247.400 |
|
|
|
Proposed Dividend Equality Shares |
NA |
498.000 |
498.000 |
|
|
|
Preference Shares |
NA |
24.600 |
40.700 |
|
|
|
Tax on Dividend |
NA |
86.800 |
91.500 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
273.800 |
228.700 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Ship Construction |
NA |
0.000 |
344.300 |
|
|
TOTAL EARNINGS |
NA |
0.000 |
344.300 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials including machinery, equipments and components for
construction of ships, submarine, repairs and other production jobs. |
NA |
14181.300 |
4332.700 |
|
|
TOTAL IMPORTS |
NA |
14181.300 |
4332.700 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
121.76 |
119.14 |
133.52 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.50
|
7.78 |
9.36 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
57.50
|
13.53 |
15.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.67
|
2.28 |
2.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.39 |
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
18.49
|
16.42 |
19.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03
|
1.04 |
1.04 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
IMPORTANT EVENTS
FOR THE YEAR 2010-2011
a)
The third Ship of P-15A destroyer series “INS
Chennai” was launched by Smt. Elizabeth Antony, wife of Shri A. K. Antony,
Hon’ble Raksha Mantri on 01st April 2010.
b)
The first ship of P-17 Frigate series “INS
Shivalik” was commissioned into the Indian Navy by Shri A.K.Antony, Hon’ble
Raksha Mantri on 29th April 2010.
c)
The second Multipurpose Support Vessel (MSV-II) was
launched on 10th June 2010.
FINANCIAL
HIGHLIGHTS
The Value of
Production for the Financial Year 2010-11 is Rs.26114.100 millions as against
Rs. 28561.300 millions in the previous year. The Profit before tax is Rs
3660.500 millions for 2010-11 as against Rs.3864.700 millions in the previous
year.
DIVISION-WISE
PERFORMANCE
SHIPBUILDING
The Shipbuilding
Division of the Company achieved a Value of Production of Rs.16948.700 millions
for 2010-11 as against Rs.18750.500 millions of the previous year.
SUBMARINE
The Value of
Production on account of Submarine construction and Repairs was Rs.9165.400
millions for 2010-11 as against. Rs.9810.800 millions of the previous year.
COMMERCIAL VESSELS
Two Multipurpose
Support Vessels (MSV) at a total cost of about Rs.4700.000 millions are under
construction for M/s. Greatship Global Offshore Services Pte. Limited,
Singapore. MSV-II was launched on 10th June 2010. The expected
delivery of MSV I is by end August 2011 and that of MSV II is by December 2011.
MODERNISATION
The “Mazdock
Modernisation Project (MMP)” has achieved substantial progress. MMP includes
creation of facilities viz. Wet Basin, Heavy Duty Goliath Crane, Modular
workshop, cradle assembly shop and stores. The total cost of the Project is
expected to be Rs. 8260.000 millions. These infrastructure facilities are being
created as “Customer Financed Assets” with funds from Naval Projects. These
facilities will be effective in reducing construction period of warships and
augment the shipyards capacity.
FORM 8
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80024486 |
|
Corporate identity
number of the company |
U35100MH1934GOI002079 |
|
Name of the
company |
MAZAGON DOCK LIMITED |
|
Address of the
registered office or of the principal place of business in |
Dockyard Road,
Mumbai – 400 010, |
|
Type of charge |
Book Debts Movable Property Others (Current
Assets and Movable Property) |
|
Particular of
charge holder |
State Bank of E-Mail: tridib_n@rediffmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Forth
Supplemental Joint Hypothecation Deed Dated 12-12-2008 Fourth Supplemental
to Working Capital Consortium Agreement Dated 12-12-2008 |
|
Date of
instrument Creating the charge |
12/12/2008 |
|
Amount secured by
the charge |
Rs.24000.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: 1.25% above SBAR
present effective rate 14% p.a. with monthly rests. Terms of
Repayment: On Demand Margin: Raw Materials
-25% Work in Process -
25% Finished Goods -
25% Stores and Spares
- 25% Book Debts - 25% Letters of Credit
- NIL Bank Guarantees -
NIL Extent and
Operation of the charge: 1.25% above SBAR
present effective rate 14% p.a. with monthly rests. |
|
Date of instrument creating or evidencing the charge |
12.12.2008 |
|
Date of acquisition of the property |
12.12.2008 |
|
Amount of the charge |
Rs.24000.000 millions |
|
Short particulars
of the property charged |
The whole of the currents
assets of the borrower namely stocks of raw materials stock in process semi
finished and finished goods, stores and spares not relating to plant and
machinery bills receivables and book debts and all other movables both
present future lying loose or stored at factory premises goodowns at Mumbai
or in transit or on high seas or on order or delivery howsoever and where so
ever in the possession of the company and substitution or additions except
inventory of Indian Navy. |
|
Date of latest
modification prior to the present modification |
09/02/2007 |
|
Particulars of
the present modification |
The aggregate
limit of the aforesaid credit facilities has been increased from Rs.18520.000
millions to Rs. 24000.000 millions on the terms and conditions mentioned in
the Fourth Supplemental Joint Hypothecation and Working Capital Consortium
Deeds. |
FIXED ASSETS :
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.55.80 |
|
|
1 |
Rs.86.53 |
|
Euro |
1 |
Rs.68.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
72 |
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.