MIRA
INFORM REPORT
|
Report Date : |
16.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
METHODEX SYSTEMS LIMITED |
|
|
|
|
Registered
Office : |
607-608, Meghdoot, 94, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
25.05.1974 |
|
|
|
|
Com. Reg. No.: |
55-007280 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 8.100 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140DL1974PLC007280 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM08483G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM1924E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
of Fabrication furniture Product Document, Shredder and computer furniture |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (57) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 1600000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and well established company having fine track. Financial
position of the company appears to be good. Trade relations are reported as
fair. Business is active. Payments are reported to be correct and as per
commitments. The company can be considered good for normal 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 / Corporate Office : |
607-608, Meghdoot, 94, |
|
Tel. No.: |
91-11-26432475/ 26432476/ 26431826/ 26428278 |
|
Mobile No.: |
91-11-26468492 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory / Works 1 : |
35-A, |
|
Tel. No.: |
91-731-2411252 |
|
Fax No.: |
91-731-2412312 |
|
E-Mail : |
|
|
|
|
|
Factory / Works 2 : |
Plot No. 91-92-93, Industrial Area, Sector – III, Pithampur-454774,
District Dhar, Madhya Pradesh, India |
|
E-Mail : |
|
|
|
|
|
Branches : |
Located at: ·
Hyderabad ·
Vizag ·
Assam ·
Bhiar ·
Patna ·
Chatisgarh ·
Delhi ·
Noida ·
Raipur ·
Goa ·
Gujarat ·
Jammu and Kashim ·
Jharkhand ·
Karnataka ·
Maharashtra ·
Madhya Pradesh ·
Orissa ·
Punjab ·
Rajasthan ·
Tamilnadu ·
Uttar Pradesh ·
Uttarakhand ·
West Bengal
|
DIRECTORS
AS ON 21.09.2011
|
Name : |
Mr. Bipin B Shah |
|
Designation : |
Director |
|
Address : |
A-45, Silver Apartments, |
|
Date of Birth/Age : |
17.04.1952 |
|
Date of Appointment : |
30.09.1992 |
|
Pan No.: |
AABPS3539B |
|
DIN No.: |
00253083 |
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 |
U51900MH1984PTC034301 |
AHURA
EXPORTS PRIVATE LIMITED |
Director |
18-10-84 |
18-10-84 |
- |
Active |
NO |
|
2 |
U24134MH1986PTC038679 |
MALWA
POLYMERS AND CHEMICALS PRIVATE LIMITED |
Director |
01-01-87 |
01-01-87 |
- |
Active |
NO |
|
3 |
U74210MH1984PTC033024 |
VRINDAVAN
TECHNOVATIONS PRIVATE LIMITED |
Director |
19-02-87 |
19-02-87 |
- |
Active |
NO |
|
4 |
U30000MH1990PTC058396 |
ANANT
OFFICE SYSTEMS PRIVATE LIMITED |
Director |
20-01-91 |
20-01-91 |
- |
Active |
NO |
|
5 |
U74140DL1974PLC007280 |
METHODEX
SYSTEMS LIMITED |
Director |
30-09-92 |
30-09-92 |
- |
Active |
NO |
|
6 |
U25202DL1998PTC097742 |
ROSETECH
SHIP REPAIRS PRIVATE LIMITED |
Director |
31-12-98 |
31-12-98 |
24-11-08 |
Active |
NO |
|
7 |
U32200MH1995PTC085227 |
INET
COMMUNICATION TECHNOLOGIES PRIVATE LIMITED |
Director |
27-08-99 |
27-08-99 |
- |
Active |
NO |
|
8 |
U74210MH2001PTC130679 |
MERCURY
TECHNOENGINEERING SERVICES PRIVATE LIMITED |
Director |
26-07-02 |
26-07-02 |
- |
Active |
NO |
|
9 |
U51900MH1996PTC103842 |
GRAY
LINK PRODUCT PRIVATE LIMITED |
Director |
19-08-02 |
19-08-02 |
15-12-08 |
Active |
NO |
|
10 |
U74899DL1959PTC003146 |
CLARIDGES
HOTEL PRIVATE LIMITED |
Director |
10-04-03 |
10-04-03 |
01-03-07 |
Active |
NO |
|
11 |
U35100MH2003PTC141978 |
RIVER
VALLEY MEADOWS AND TOWNSHIP PRIVATE LIMITED |
Director |
01-09-03 |
01-09-03 |
01-03-07 |
Active |
NO |
|
12 |
U80211MH2004PTC143832 |
CROWN
COLLEGES AND EDUCATIONAL INSTITUTIONS PRIVATE LIMITED |
Director |
05-01-04 |
05-01-04 |
01-03-07 |
Active |
NO |
|
13 |
U70101MH1969PLC014326 |
ELEL
HOTELS AND INVESTMENTS LIMITED |
Director |
18-03-05 |
18-03-05 |
01-03-07 |
Active |
NO |
|
14 |
U45200MH1998PTC114881 |
SKYDECK
PROPERTIES AND DEVELOPERS PRIVATE LIMITED |
Director |
18-03-05 |
18-03-05 |
01-03-07 |
Active |
NO |
|
15 |
U65990MH1990PTC055375 |
SHEENA
INVESTMENTS PRIVATE LIMITED |
Director |
18-03-05 |
18-03-05 |
01-03-07 |
Active |
NO |
|
16 |
U65990MH1990PTC055918 |
EXCALIBUR
ASSETS AND CAPITAL MANAGEMENT PRIVATE LIMITED |
Director |
18-03-05 |
18-03-05 |
01-03-07 |
Active |
NO |
|
17 |
U29240MH1997PTC111622 |
AKER
MH (INDIA) PRIVATE LIMITED |
Alternate
director |
17-10-05 |
17-10-05 |
02-06-08 |
Active |
NO |
|
18 |
U65990MH1991PTC059932 |
BAWBEE
INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED |
Director |
08-11-05 |
08-11-05 |
01-03-07 |
Dormant |
NO |
|
19 |
U18101MH2001PTC133552 |
ORGAN
CLOTHING PRIVATE LIMITED |
Director |
16-12-05 |
16-12-05 |
01-03-07 |
Active |
NO |
|
20 |
U74995MH2006PTC165953 |
SANJAANIKA
ENTERPRISES PRIVATE LIMITED |
Director |
04-12-06 |
04-12-06 |
- |
Active |
NO |
|
21 |
U85300MH2009NPL189776 |
JAINA
UNIVERSAL FOUNDATION |
Director |
21-01-09 |
21-01-09 |
- |
Active |
NO |
|
22 |
U51909MH2003PTC138854 |
SAMARTH
EXPORTS (INDIA) PRIVATE LIMITED |
Director |
16-09-09 |
16-09-09 |
- |
Active |
NO |
|
23 |
U24230MH2003PTC139340 |
UTEK
HEALTH CARE PRIVATE LIMITED |
Director |
18-05-10 |
18-05-10 |
- |
Active |
NO |
|
24 |
U74899DL1984PTC017551 |
DATATEC
METHODEX PRIVATE LIMITED |
Director |
29-07-11 |
01-10-10 |
- |
Active |
NO |
|
25 |
U74899DL1994PLC063717 |
METHODEX
COMPUTERS TECHNOLOGY LIMITED |
Additional
director |
01-10-10 |
01-10-10 |
- |
Active |
NO |
|
26 |
U51109MH2009PTC192350 |
LISHA
TRADING PRIVATE LIMITED |
Director |
23-08-11 |
23-08-11 |
- |
Active |
NO |
|
27 |
U51109MH2009PTC192347 |
EVERYTHING
TRADING PRIVATE LIMITED |
Director |
23-08-11 |
23-08-11 |
- |
Active |
NO |
|
Name : |
Mr. Pran Katariya |
|
Designation : |
Managing Director |
|
Address : |
D-964, New Fiends Colony, New Delhi-110065, |
|
Date of Birth/Age : |
24.12.1956 |
|
Date of Appointment : |
01.04.1986 |
|
Pan No.: |
AALPK6031C |
|
DIN No.: |
00583795 |
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 |
U74899DL1984PTC017551 |
DATATEC METHODEX
PRIVATE LIMITED |
Managing
director |
01-04-09 |
17-02-84 |
- |
Active |
NO |
|
2 |
U30003MP1983PTC002295 |
CALTEC HOTELS
AND RESORTS PRIVATE LIMITED |
Director |
20-03-84 |
20-03-84 |
22-11-07 |
Active |
|
|
3 |
U74140DL1974PLC007280 |
METHODEX SYSTEMS
LIMITED |
Managing
director |
01-04-86 |
01-04-86 |
- |
Active |
NO |
|
4 |
U74899DL1994PLC063717 |
METHODEX
COMPUTERS TECHNOLOGY LIMITED |
Director |
22-12-94 |
22-12-94 |
- |
Active |
NO |
|
5 |
U74899DL1993PTC053180 |
CONVERTECH EQUIPMENT
PRIVATE LIMITED |
Additional
director |
07-12-09 |
07-12-09 |
27-09-10 |
Active |
NO |
|
6 |
U45400MH2010PTC206249 |
PNK PROPERTIES
PRIVATE LIMITED |
Director |
04-08-10 |
04-08-10 |
- |
Active |
NO |
|
Name : |
Mr. Rohit Katariya |
|
Designation : |
Managing Director |
|
Address : |
D-964, New Fiends Colony, New Delhi-110065, |
|
Date of Birth/Age : |
14.09.1959 |
|
Date of Appointment : |
01.05.1988 |
|
Pan No.: |
AGMPK0594P |
|
DIN No.: |
00583809 |
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 |
U30003MP1983PTC002295 |
CALTEC HOTELS AND
RESORTS PRIVATE LIMITED |
Director |
16-11-83 |
16-11-83 |
Active |
|
|
2 |
U74899DL1984PTC017551 |
DATATEC METHODEX
PRIVATE LIMITED |
Director |
17-02-84 |
17-02-84 |
Active |
NO |
|
3 |
U74140DL1974PLC007280 |
METHODEX SYSTEMS
LIMITED |
Managing
director |
01-04-10 |
01-05-88 |
Active |
NO |
|
4 |
U74899DL1994PLC063717 |
METHODEX
COMPUTERS TECHNOLOGY LIMITED |
Director |
22-12-94 |
22-12-94 |
Active |
NO |
|
Name : |
Mr. Kalpak Gandhi |
|
Designation : |
Works Director |
|
Address : |
28, Kanchan Bagh Colony, Indore-452001, |
|
Date of Birth/Age : |
23.12.1961 |
|
Date of Appointment : |
01.05.1988 |
|
Pan No.: |
ADPPG2159L |
|
DIN No.: |
00583825 |
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 |
U30003MP1983PTC002295 |
CALTEC HOTELS
AND RESORTS PRIVATE LIMITED |
Director |
16-11-83 |
16-11-83 |
22-11-07 |
Active |
|
|
2 |
U74899DL1984PTC017551 |
DATATEC METHODEX
PRIVATE LIMITED |
Director |
17-02-84 |
17-02-84 |
- |
Active |
NO |
|
3 |
U74140DL1974PLC007280 |
METHODEX SYSTEMS
LIMITED |
Whole-time
director |
01-04-10 |
01-05-88 |
- |
Active |
NO |
|
4 |
U74899DL1994PLC063717 |
METHODEX
COMPUTERS TECHNOLOGY LIMITED |
Director |
22-12-94 |
22-12-94 |
- |
Active |
NO |
|
Name : |
Mr. Sanjaya Katariya |
|
Designation : |
Director |
|
Address : |
D-964, New Fiends Colony, New Delhi-110065, |
|
Date of Birth/Age : |
17.05.1965 |
|
Date of Appointment : |
30.09.1992 |
|
Pan No.: |
AALPK5281A |
|
DIN No.: |
00583838 |
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 |
U74899DL1984PTC017551 |
DATATEC
METHODEX PRIVATE LIMITED |
Director |
30-09-91 |
30-09-91 |
Active |
NO |
|
2 |
U74140DL1974PLC007280 |
METHODEX
SYSTEMS LIMITED |
Whole-time
director |
01-04-10 |
30-09-92 |
Active |
NO |
|
3 |
U74899DL1994PLC063717 |
METHODEX
COMPUTERS TECHNOLOGY LIMITED |
Director |
22-12-94 |
22-12-94 |
Active |
NO |
|
Name : |
Mr. Himmatlal Gandhi |
|
Designation : |
Director |
|
Address : |
28, Kanchan Bagh Colony, Indore-452001, |
|
Date of Birth/Age : |
16.11.1936 |
|
Date of Appointment : |
25.05.1974 |
|
Pan No.: |
ADPPG2158M |
|
DIN No.: |
01594004 |
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 |
U74140DL1974PLC007280 |
METHODEX
SYSTEMS LIMITED |
Whole-time
director |
01-04-10 |
25-05-74 |
Active |
NO |
|
2 |
U74899DL1994PLC063717 |
METHODEX
COMPUTERS TECHNOLOGY LIMITED |
Director |
22-12-94 |
22-12-94 |
Active |
NO |
|
3 |
U74899DL1984PTC017551 |
DATATEC
METHODEX PRIVATE LIMITED |
Director |
29-07-11 |
01-10-10 |
Active |
NO |
|
Name : |
Mr. Pankaj Gandhi |
|
Designation : |
Administrative Director |
|
Address : |
D-964, New Fiends Colony, New Delhi-110065, |
|
Date of Birth/Age : |
15.01.1965 |
|
Date of Appointment : |
30.09.1992 |
|
Pan No.: |
AEAPG3700R |
|
DIN No.: |
01594068 |
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 |
U74899DL1984PTC017551 |
DATATEC METHODEX
PRIVATE LIMITED |
Director |
01-04-88 |
01-04-88 |
- |
Active |
NO |
|
2 |
U30003MP1983PTC002295 |
CALTEC HOTELS
AND RESORTS PRIVATE LIMITED |
Director |
01-05-88 |
01-05-88 |
22-11-07 |
Active |
|
|
3 |
U74140DL1974PLC007280 |
METHODEX SYSTEMS
LIMITED |
Whole-time
director |
01-04-10 |
03-09-92 |
- |
Active |
NO |
|
4 |
U74899DL1994PLC063717 |
METHODEX
COMPUTERS TECHNOLOGY LIMITED |
Director |
22-12-94 |
22-12-94 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Jitendra Kumar Paliwal |
|
Designation : |
Secretary |
|
Date of Appointment : |
01.04.2009 |
|
Pan No.: |
AAFPP2934H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.09.2011
|
Names of Shareholders |
No. of Shares |
|
Pushpa Kataria |
54120 |
|
Sanjaya Kataria |
72000 |
|
Rohit Katariya |
67500 |
|
Pran Katria |
67500 |
|
Gandhi H.O |
54150 |
|
Lalita Gandhi |
41250 |
|
Pankaj Gandhi |
35334 |
|
Kalpak Gandhi |
35340 |
|
Rachna Katariya |
12891 |
|
Chhaya Gandhi |
24660 |
|
Sangeeta Katariya |
10500 |
|
Katariya Rohit HUF |
61500 |
|
Gandhi Varsha |
3690 |
|
Katariya Pran HUF |
63891 |
|
Radhika Katariya |
12891 |
|
Gandhi H.O.HUF |
3750 |
|
Vrindavan Technovations Private Limited |
20100 |
|
Malwa Polymers Private Limited |
60975 |
|
Ahura Exports Private Limited |
7500 |
AS ON 21.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
11.00 |
|
Directors or relatives of Directors |
89.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Fabrication furniture Product Document, Shredder and computer furniture |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
200 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Bank of Baroda, B-3, Connaught Circus, New
Delhi-110001, Delhi, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sanjeev Chopra and Company Chartered Accountant |
|
Address : |
A-32, 1st Floor, Dayanand Colony, Lajpat Nagar – IV, New Delhi-110024,
|
|
Tel. No.: |
91-11-26235328 |
|
Fax No.: |
91-11-26483159 |
|
E-Mail : |
|
|
Pan No.: |
AABFS1940C |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
809982 |
Equity Shares |
Rs.10/- each |
Rs. 8.100
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 |
8.100 |
8.100 |
8.100 |
|
|
2] Share Application Money |
0.000 |
0000 |
0.000 |
|
|
3] Reserves & Surplus |
400.243 |
318.677 |
267.259 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
408.343 |
326.777 |
275.359 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
136.848 |
92.017 |
23.425 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
136.848 |
92.017 |
23.425 |
|
|
DEFERRED TAX LIABILITIES |
9.557 |
6.008 |
6.115 |
|
|
|
|
|
|
|
|
TOTAL |
554.748 |
424.802 |
304.899 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
237.213 |
87.053 |
89.322 |
|
|
Capital work-in-progress |
10.604 |
51.266 |
3.067 |
|
|
|
|
|
|
|
|
INVESTMENT |
3.753 |
7.451 |
6.883 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
138.491
|
105.940 |
95.542 |
|
|
Sundry Debtors |
261.177
|
242.817 |
166.951 |
|
|
Cash & Bank Balances |
91.027
|
82.757 |
62.870 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
66.938
|
53.915 |
50.947 |
|
Total
Current Assets |
557.633
|
485.429 |
376.310 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
117.054
|
102.048 |
79.180 |
|
|
Other Current Liabilities |
95.159
|
65.768 |
60.549 |
|
|
Provisions |
42.242
|
38.581 |
30.954 |
|
Total
Current Liabilities |
254.455
|
206.397 |
170.683 |
|
|
Net Current Assets |
303.178
|
279.032 |
205.627 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
554.748 |
424.802 |
304.899 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1306.771 |
987.069 |
889.334 |
|
|
|
Other Income |
19.486 |
63.975 |
76.639 |
|
|
|
TOTAL (A) |
1326.257 |
1051.044 |
965.973 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
730.353 |
0.000 |
0.000 |
|
|
|
Employees Expenses |
164.055 |
0.000 |
0.000 |
|
|
|
Material, Manufacturing and Operating Expenses |
85.556 |
609.353 |
566.907 |
|
|
|
Personnel |
0.000 |
152.139 |
147.065 |
|
|
|
Sales & Administrative Expenses |
186.773 |
167.077 |
142.938 |
|
|
|
Excise |
0.000 |
19.994 |
21.165 |
|
|
|
TOTAL (B) |
1166.737 |
948.563 |
878.075 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
159.520 |
102.481 |
87.898 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.992 |
0.495 |
0.758 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
150.528 |
101.986 |
87.140 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
23.171 |
12.005 |
12.614 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
127.357 |
89.981 |
74.526 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
36.346 |
28.999 |
28.127 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
91.011 |
60.982 |
46.399 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
6.100 |
3.184 |
|
|
|
Interim Dividend |
|
0.000 |
8.100 |
|
|
|
Proposed Dividend |
NA |
8.100 |
4.050 |
|
|
|
Tax on Dividend |
|
1.377 |
2.065 |
|
|
|
Prior Period Adjustments |
|
0.088 |
0.344 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
45.317 |
28.656 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
NA |
27.442 |
46.408 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
112.36 |
75.00 |
57.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
6.86
|
5.80 |
4.80 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.75
|
9.12 |
8.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.02
|
15.72 |
16.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.28 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.98
|
0.93 |
0.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.19
|
2.35 |
2.20 |
LOCAL AGENCY FURTHER INFORMATION
COMPANY’S PERFORMANCE
The performance of the Company in the 37TH year, has been
satisfactory given in the prevailing market conditions. The company has achieved the turnover as it
had projected before the commencement of the financial year.
In spite of the cut - throat competition prevailing in the domestic
market the Company has increased market share in the year through penetrating
new Customer Segments which has resulted in increase of sales turnover in terms
of Volume, Operating Profits and Net Worth. Due to their committed approach the
Company has earned Profit After Tax Rs. 91.011 Millions (Previous Year 60.983
Millions). The gross revenue (net of excise) of the Company for the year was
Rs. 1302.674 Millions as against Rs. 1046.729 Millions in the previous year
showing growth of 24%.
Earnings before depreciation, interest, tax and amortization (EBDITA)
stood at Rs. 159.521 Millions against Rs.102.481 Millions in the previous year
showing a growth of 56%.
The company’s management has continued its policy of strict adherence to
quality control and excellence in service.
FIXED ASSETS:
·
Land
·
Building Others
·
Building Factory
·
Plant and Machinery
·
Computer
·
Motor Car
·
Office Equipments
·
Furniture and Fixture
·
Air-Conditioner
·
Electric Fittings
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. 50.22 |
|
|
1 |
Rs. 78.63 |
|
Euro |
1 |
Rs. 65.53 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
57 |
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.