MIRA
INFORM REPORT
|
Report Date : |
28.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
PACIFIC INDUSTRIES LIMITED |
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Registered
Office : |
Survey NO.13, N.H.48, Kempalinganhalli, Nelamangala Taluka, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
13.07.1989 |
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Com. Reg. No.: |
17-062041 |
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Capital
Investment/ Paid-up Capital: |
Rs.13.515 Millions |
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CIN No.: [Company Identification
No.] |
L14101RJ1989PLC062041 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
JDHP01647C |
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Legal Form : |
A Public Limited Liability company. The company’s Share are Listed on
the Stock Exchange. |
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Line of Business
: |
Manufacturer and Exporter of Marble Slabs, Granite
Polishing Machine, etc. |
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No. of
Employees: |
Not Available |
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 |
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Maximum Credit Limit : |
USD 1478000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. There
appears dip in the profitability of the company. However, trade relations are
reported to be fair. Business is active. Payments are reported to be usually
correct 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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
|
Registered Office : |
Survey NO.13, N.H.48, Kempalinganhalli, Nelamangala Taluka, |
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Tel. No.: |
91-80-27723004 |
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Fax No.: |
91-80-27723005 |
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Web site: |
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Corporate Office: |
Village- Bedla, |
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E-Mail : |
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Website : |
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Corporate Office 2: |
Village- Bedla, P.O. Box No.119, |
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Tel. No.: |
91-294-2440196/2440388/2440933/2400934 |
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Fax No.: |
91-294-2440780 |
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E-Mail : |
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Factory 1: |
Village- Bedla, |
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Factory 2 : |
Village : Survey No. 13, Kemplingahalli
Nelamangala Taluk (Rural) Bangalore-562123 (Karnataka), |
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Tel. No.: |
91-80-7723004 |
DIRECTORS
As on 31.03.2011
|
Name : |
Mr. J. P. Agrawal |
|
Designation : |
Chairman and Managing Director |
|
Date of Birth/Age : |
55 Years |
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Qualification: |
C.A (Inter) |
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Experience: |
22 Years |
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Date of Appointment: |
13.07.1989 |
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|
Name : |
Mr. Kapil Agarwal |
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Designation : |
Whole Time Director/ Independent/ Non – Executive |
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Date of Birth/Age : |
28 Years |
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Qualification: |
M.B.A |
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Experience: |
6 Years |
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Date of Appointment: |
23.08.2005 |
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Name : |
Mr. Devendra Maliwal |
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Designation : |
Independent/ Non – Executive |
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Name : |
Mr. S. M. Agrawal |
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Designation : |
Independent/ Non – Executive |
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Name : |
Mr. Jayanti Oza |
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Designation : |
Independent/ Non – Executive |
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Name : |
Mr. Sumit Agarwal |
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Designation : |
Independent/ Non – Executive |
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Name : |
Mr. Amit Agarwal |
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Designation : |
Independent/ Non – Executive |
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Name : |
Mr. Mangilal Dangi |
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Designation : |
Independent/ Non – Executive |
KEY EXECUTIVES
|
Audit Committee : |
· Mr. S. M. Agarwal · Mr. Jayanti Ojha · Mr. Sumit Agarwal |
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Remuneration Committee |
· Mr. S. M. Agarwal · Mr. Jayanti Ojha ·
Mr. Sumit Agarwal |
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Shareholders
Grievance Committee |
· Mr. S. M. Agarwal · Mr. Jayanti Ojha ·
Mr. Sumit Agarwal |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2012
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
(A) Shareholding of Promoter and Promoter Group |
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|
|
|
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|
483950 |
35.81 |
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|
74610 |
5.52 |
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Sub Total |
558560 |
41.33 |
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(B) Public Shareholding |
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|
6380 |
0.47 |
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|
60 |
- |
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Insurance
Companies |
10 |
- |
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|
10 |
- |
|
Sub Total |
6460 |
0.480 |
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|
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|
|
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|
101007 |
7.47 |
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|
559632 |
41.41 |
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|
116667 |
8.63 |
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|
9174 |
0.68 |
|
Non Resident Indians |
8035 |
0.59 |
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|
1139 |
0.08 |
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Sub Total |
786480 |
58.19 |
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Total Public
Shareholding (B) |
792940 |
58.67 |
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Total (A) + (B) |
1351500 |
100.00 |
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Total (A)+(B)+(C) |
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Shares held by custodians and against which depository receipts have
been issued (C) |
--- |
---- |
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(1)
Promoter and Promoter Group |
--- |
--- |
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(2)
Public |
--- |
--- |
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Sub Total |
--- |
--- |
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Total (A) + (B) +(C) |
1351500 |
--- |
(1) Indian
Individuals / Hindu Undivided Family
Individual shareholders holding nominal
share capital up to Rs.0.100 MillionsBUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Marble Slabs, Granite
Polishing Machine, etc. |
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Product: |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
Bank of |
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Facilities : |
Rs.
In Millions
Vehicle loan is secured by way of Hypothecation of concerned vehicle. Working Capital Borrowing from Bank of Baroda is secured by way of hypothecation of inventory i.e. Raw Materials. Stock in process Finished Goods, Store & Spares and book debts(both
present and future) and guaranteed by the Directors of the Company
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Banking Relations
: |
-- |
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Auditors : |
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Name : |
A Bafna and company Chartered Accountants |
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Address : |
K-2, Raj Apartment, Keshav Path, C-Scheme, Jaipur - 302 001, Rajastan |
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Entities in which key
management personnel and their relatives are interested |
· Rameshwar Agencies · Ruchita Exports · Kapil Exports · Geetanjali Marble · Dhawal Marbles and Granites Private Limited · Ojaswi Marbles and Granites Private Limited · Rahul Marbles Private Limited · Amit Granites · Pearl Exports · Pacific Leasingand Research Limited · Shruti Synthetics Limited · J P Marble · Pacific Education Society · Ankit Buildmart Private Limited · Geetanjali Infosystem Private Limited ·
· Lakecity Housing Devlopment Private Limited · Pacific Export · Pearl Real Home Developer Private Limited · Rahul Awas Yojna Private Limited · Rajat Housing Devloper Private Limited ·
Yesh processors Private. Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000000 |
Equity Shares |
Rs.10/- Each |
Rs.250.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1351500 |
Equity Shares |
Rs.10/- Each |
Rs.13.515
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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|
SHAREHOLDERS FUNDS |
|
|
|
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|
1] Share Capital |
13.515 |
13.515 |
13.515 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
355.882 |
320.252 |
241.021 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
369.397 |
333.767 |
254.536 |
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LOAN FUNDS |
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|
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1] Secured Loans |
8.419 |
14.482 |
14.999 |
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2] Unsecured Loans |
89.439 |
61.181 |
91.877 |
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TOTAL BORROWING |
97.858 |
75.663 |
106.876 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
467.255 |
409.430 |
361.412 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
178.911 |
180.202 |
201.794 |
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Capital work-in-progress |
0.000 |
0.165 |
0.692 |
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INVESTMENT |
0.450 |
0.450 |
0.450 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
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Inventories |
259.962
|
246.937 |
195.344
|
|
|
Receivable |
165.728
|
165.542 |
174.503
|
|
|
Cash & Bank Balances |
13.119
|
5.702 |
10.303
|
|
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Other Current Assets |
0.000
|
0.000 |
0.000
|
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Loans & Advances |
124.199
|
133.532 |
129.735
|
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Total
Current Assets |
563.008
|
551.713 |
509.885 |
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|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
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|
Sundry Creditor |
148.526
|
156.508 |
167.520
|
|
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Other Current Liabilities |
117.239
|
149.807 |
166.877
|
|
|
Provisions |
9.349
|
16.785 |
17.012
|
|
Total
Current Liabilities |
275.114
|
323.100 |
351.409 |
|
|
Net Current Assets |
287.894
|
228.613 |
158.476 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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|
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|
|
|
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TOTAL |
467.255 |
409.430 |
361.412 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
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SALES |
|
|
|
|
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Income |
607.733 |
672.649 |
602.038 |
|
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Other Income |
2.184 |
5.498 |
44.573 |
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|
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TOTAL (A) |
609.917 |
678.147 |
646.611 |
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|
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|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Material Cost |
370.225 |
389.464 |
379.039 |
|
|
|
Manufacturing and Other Expenses
|
164.213 |
171.039 |
127.573 |
|
|
|
Increase/Decrease in Stock |
(8.314) |
(20.552) |
(33.339) |
|
|
|
TOTAL (B) |
526.124 |
539.951 |
473.273 |
|
|
|
|
|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
83.793 |
139.196 |
173.338 |
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|
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|
Less |
FINANCIAL
EXPENSES (D) |
4.961 |
3.040 |
4.663 |
|
|
|
|
|
|
|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
78.832 |
135.156 |
168.675 |
|
|
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|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
34.129 |
36.395 |
26.837 |
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|
PROFIT BEFORE
TAX (E-F) (G) |
44.703 |
98.761 |
141.838 |
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|
|
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|
Less |
TAX (H) |
9.348 |
16.785 |
17.012 |
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|
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|
|
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|
Less |
Prior Period
Expense |
0.000 |
2.155 |
1.164 |
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|
|
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|
PROFIT AFTER TAX
(G-H) (I) |
35.355 |
79.821 |
123.662 |
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
320.252 |
241.021 |
122.694 |
|
|
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|
|
|
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|
Add |
Prior Period
Adjustment |
0.274 |
(0.590) |
5.334 |
|
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|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
355.881 |
320.252 |
241.022 |
|
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|
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|
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|
EARNINGS IN
FOREIGN CURRENCY |
569.445 |
637.669 |
554.788 |
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IMPORTS |
|
|
|
|
|
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|
Raw Materials |
3.944 |
17.247 |
19.720 |
|
|
|
Consumables |
75.881 |
87.737 |
76.504 |
|
|
|
Capital Goods |
- |
- |
52.951 |
|
|
TOTAL IMPORTS |
79.825 |
104.984 |
149.175 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
26.36 |
58.62 |
87.55 |
|
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2011 |
30.09.2011 |
31.12.2011 |
31.03.2012 |
|
|
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
4th
Quarter |
|
Net Sales |
132.230 |
142.470 |
150.830 |
179.940 |
|
Total Expenditure |
115.510 |
127.570 |
129.560 |
161.340 |
|
PBIDT (Excl OI) |
16.720 |
14.900 |
21.270 |
18.600 |
|
Other Income |
0.220 |
1.390 |
2.470 |
10.890 |
|
Operating Profit |
16.940 |
16.290 |
23.740 |
29.490 |
|
Interest |
0.340 |
0.080 |
0.030 |
0.780 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
0.000 |
|
PBDT |
16.600 |
16.210 |
23.710 |
28.710 |
|
Depreciation |
7.520 |
7.480 |
7.780 |
8.300 |
|
Profit Before Tax |
9.080 |
8.730 |
15.930 |
20.410 |
|
Tax |
1.820 |
1.900 |
3.190 |
4.120 |
|
Provisions and Contingencies |
0.000 |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
7.270 |
6.830 |
12.740 |
16.300 |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
0.000 |
|
Prior Period Expenses |
0.07 |
(0.030) |
0.380 |
(0.210) |
|
Other Adjustment |
0.000 |
0.000 |
0.000 |
0.000 |
|
Net Profit |
7.330 |
6.800 |
13.120 |
16.090 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.80
|
11.77 |
19.12 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.36
|
14.68 |
23.56 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.03
|
13.49 |
19.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.30 |
0.56 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.01
|
1.19 |
1.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.05
|
1.71 |
1.45 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
No |
|
Designation
of contact person |
No |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
- |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
Yes |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
No |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
No |
Business Results
The Company achieved a turnover of Rs.607.734 Millions during the
period under review. This was mainly due to the in demand in the global market.
The Net Profit after Tax of the Company is Rs.35.355 Millions as against
Rs.79.821 Millions in the previous year. The decrease in the Net Profit is due
to increase in Material & operating Cost.
INDUSTRY STRUCTURE
AND DEVELOPMENT:
Growth Prospects
1. The performance of the Indian economy during the year 2010-2011
greatly exceeded expectations. The farm sector which was expected to contract
showed resilience, growing by 0.5 per cent despite the weak South West monsoon.
The non farm sector also did well. It is the assessment based on sound research
that the Indian economy would grow at 9 percent in the year 2011-2012 and 9.5
per cent in the year 2012-2013.
2. Industrial sector recovery became evident in June 2010 and by
August 2010 the General Index of Industrial Production (IIP) registered double
digit growth rate driven by similar growth rates in output in the manufacturing
and mining sector. In the year 2010-2011, the mining sector output grew at 9
per cent but a slowdown is expected in the year 2011-2012 with a projected
growth of 8.0 per cent in both output and GDP arising in the sector.
Global Prospects
The Indian global economic and financial situation is recovering
slowly. The large fiscal deficits and high debt ratios coupled with slow economic
growth have created unsettling conditions for business and have potential for
causing great volatility in financial markets. It is hard to visualize strong
economic growth in the advanced economies in 2011 and to a large extent in
2012. The implications of this, for
OPPORTUNITIES:
By general consensus,
The Company is predominantly engaged in the manufacturing of High
Quality Polished Granite Slabs and Tiles. The Company's brand name 'Pacific'
has built up a better image over the other brands available in the domestic
market. The Company makes sustainable efforts to provide beautiful and durable
varieties of Granite to the whole world and in the process nurtures long term
relations with customers. All this taken together heralds a bright future for
the Company
OUTLOOK:
INTERNAL CONTROL
SYSTEMS & THEIR ADEQUACY:
The Company has in place proper and adequate system of internal
controls to provide reasonable assurance that all assets are safeguarded,
transactions are authorised, recorded and reported correctly and to ensure
compliance with policies, statutes, rules and regulations. The internal control
system provides for documented procedures covering all financial and operating
functions.
UNAUDITED FINANCIAL RESULTS FOR THE
YEAR ENDED MARCH 31. 2012
|
|
|
Quarter Ended |
Year Ended |
|
|
Sr. No. |
Particulars |
31.12.2011 |
31.03.2012 |
31.03.2012 |
|
|
|
Unaudited |
Unaudited |
Unaudited |
|
1 |
Income
from Operation |
|
|
|
|
|
a) Net sales/income from operations |
139.249 |
179.433 |
580.449 |
|
|
b) Other operating income |
11.576 |
0.504 |
25.010 |
|
|
Total income |
150.825 |
179.937 |
605.459 |
|
2 |
Expenditure : |
|
|
|
|
|
a) Consumption of raw materials |
80.365 |
74.740 |
319.611 |
|
|
b) Purchase of traded goods |
10.589 |
11.884 |
29.941 |
|
|
c) (Increase)/decrease in stock in trade and work in
progress |
(2.844) |
20.468 |
16.028 |
|
|
d) Employees cost |
12.660 |
8.256 |
42.052 |
|
|
e) Depreciation |
7.778 |
8.296 |
31.078 |
|
|
f) Other expenditure |
28.784 |
45.985 |
126.330 |
|
|
Total expenditure |
1373.332 |
169.629 |
565.040 |
|
3 |
Profit from operations before other income. interest and
exceptional items (1-2) |
13.493 |
10.308 |
40.419 |
|
4 |
Other Income |
2.472 |
10.886 |
14.970 |
|
5 |
Profit before interest and exceptional items (3+4) |
15.965 |
21.194 |
55.389 |
|
6 |
Interest |
0.033 |
0.777 |
1.230 |
|
7 |
Profit/(loss) after interest and before exceptional items
(5-6) |
15.932 |
20.417 |
54.159 |
|
8 |
Exceptional items |
0.000 |
0.000 |
0.000 |
|
9 |
Profit/(loss) from ordinary activities before tax (7-8) |
15.932 |
20.417 |
54.159 |
|
10 |
a) Provision for taxation |
3.188 |
4.118 |
11.023 |
|
b) Provision for taxation for earlier years |
||||
|
11 |
Net profit/(loss) from ordinary activities after tax (
9-10) |
12.744 |
16.299 |
43.136 |
|
12 |
Prior period adjustment |
0.376 |
(0.205) |
0.207 |
|
13 |
Net profit/(loss) for the period
(11-12) |
13.120 |
16.094 |
43.343 |
|
14 |
Paid-up equity share capital
(refer note 2) (Face value of Rs. 10/ each) |
13.515 |
13.515 |
13.515 |
|
15 |
Reserves (excluding revaluation
reserves) as per balance sheet of previous accounting year |
- |
- |
- |
|
16 |
Earning/(loss) per share (EPS) before
and after extraordinary items |
- |
- |
- |
|
|
- Basic (Rs.) |
9.71 |
11.91 |
32.07 |
|
|
- Diluted(Rs.) |
9.71 |
11.91 |
32.07 |
|
17 |
Public shareholding |
|
|
|
|
|
- Number of shares |
793700 |
792940 |
792940 |
|
|
- Percentage of shareholding |
58.73 |
58.67 |
58.67 |
|
18 |
Promoters and Promoter Group
Shareholding a) Pledged / Encumbered |
|
|
|
|
|
- Number of shares |
Nil |
Nil |
Nil |
|
|
- Percentage of shares (as a %
of the |
Nil |
Nil |
Nil |
|
|
total shareholding of the
promoter |
|
|
|
|
|
and promoter group) |
|
|
|
|
|
- Percentage of shares (as a %
of the |
Nil |
Nil |
Nil |
|
|
total share capital of the
Company) |
|
|
|
|
|
b) Non - encumbered |
|
|
|
|
|
- Number of shares |
557800 |
558560 |
558560 |
|
|
- Percentage of shares (as a %
of the |
|
|
|
|
|
total shareholding of the
Promoter |
|
|
|
|
|
and Promoter group) |
100.00 |
100.00 |
100.00 |
|
|
- Percentage of shares (as a %
of the |
|
|
|
|
|
total share capital of the
Company) |
41.27 |
41.33 |
41.33 |
Notes:
1 The above
unaudited results have been reviewed by the Audit Committee and taken on record
by the Board of Directors at its meeting held on 04.05.2012
2 Figures of
previous periods have been regrouped/ rearranged wherever considered necessary.
3 The status of
investors grievences during the current quarter ended 31.03.2012 is as under:
Beginning - nil,
Received - 6, Disposed of - 6, and pending - Nil
4 The Company has
only one reportable segment and as such there is nothing to disclose under
Accounting Standard 17 pertaining to segment reporting.
5 Figures of the
last quarter are the balancing figures between unaudited figures in respect of
the full financial year and the year to date figures up to the third quarter of
the current financial year
Statement of Assets
Liabilities
|
S.No. |
Particular |
31.03.2012 |
|
A |
EQUITY AND LIABILITIES |
|
|
1 |
Shareholders' funds |
|
|
|
a) Share capital |
13.515 |
|
|
b) Reserves and
surplus |
394.260 |
|
|
Sub-total - Shareholders'
Funds |
407.775 |
|
|
|
|
|
2 |
Non-current liabilities |
|
|
|
a) Long term
Borrowings |
141.105 |
|
|
b) Other long term
Borrowings |
55.449 |
|
|
c) Long term
provisions |
12.359 |
|
|
Sub-total - Non-Current Liabilities |
208.913 |
|
|
|
|
|
3 |
Current liabilities |
|
|
|
a) Short term borrowings |
19.986 |
|
|
b) Trade payables |
117.628 |
|
|
c)Other current liabilities |
93.805 |
|
|
d)Short term provisions |
15.859 |
|
|
Sub-total - Current Liabilities |
247.278 |
|
|
TOTAL - EQUITY AND LIABILITIES |
863.966 |
|
|
|
|
|
B |
ASSETS |
|
|
1 |
Non-current assets |
|
|
|
a) Fixed assets |
162.332 |
|
|
b) Non-current Investments |
0.450 |
|
|
c) Long term loans and advances |
69.050 |
|
|
d) Other non-current assets - |
22.267 |
|
|
Sub-total - Non-Current Assets |
254.099 |
|
|
|
|
|
2 |
Current assets |
|
|
|
a) Current investments - |
0.000 |
|
|
b) Inventories |
304.624 |
|
|
c) Trade Receivables |
151.519 |
|
|
d) Cash and cash
equivalents |
16.624 |
|
|
e)Short-term loans and
advances |
136.336 |
|
|
f) Other Current Assets |
0.764 |
|
|
Sub-total
- Current Assets |
609.867 |
|
|
TOTAL
- ASSETS |
863.966 |
Fixed Assets:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Vehicle
·
Mise. Ass. Mining Equipments
AS PER WEBSITE
DETAILS
Profile:
Pacific brings Innovation to the
Natural Stones Industry
Stones are natural products, each stone being a work
of art produced by mother nature for you.
Subject was established in 1989 as a 100% Export Oriented
Unit by renowned industrialist Mr. J.P. Agrawal and in two decades it has build
solid reputation in supplying high quality material around the world.
They are one of the biggest quarry owners and
processors of natural stone in
They make sustainable efforts to provide beautiful and
durable varieties of stones to the whole world and in the process they nurture
long term relations with customers. They endeavor to serve their customers
better by providing products and services with utmost efficiency and their
success is demonstrated by satisfied customers globally
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.56.53 |
|
|
1 |
Rs.88.09 |
|
Euro |
1 |
Rs.70.83 |
INFORMATION DETAILS
|
Report Prepared
by : |
BYI |
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 |
YES |
|
--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.