|
Report Date : |
17.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
STCI PRIMARY DEALER LIMITED |
|
|
|
|
Registered
Office : |
A/B1-801 (A Wing), 8th Floor, Marathon Innova, Marathon
NextGen Compound, Lower Parel, Mumbai-400013, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
31.10.2006 |
|
|
|
|
Com. Reg. No.: |
165306 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.2000.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67110MH2006PLC165306 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS55878E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS6909H |
|
|
|
|
Legal Form : |
A Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Primary Dealer in Government Securities. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 10875644 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of Securities Trading Corporation
of India Finance Limited. It is an established company having satisfactory track.
There appears continuous dip in the Profitability of the company. However,
networth appears to be satisfactory. Trade relations are reported as 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.
INFORMATION DECLINED BY
|
Name : |
Mr. Suresh |
|
Designation : |
Accounts Department |
|
Date : |
16.03.2012 |
LOCATIONS
|
Registered Office : |
A/B1-801 (A Wing), 8th Floor, Marathon Innova, Marathon NextGen
Compound, Lower Parel, Mumbai-400013, Maharashtra, India |
|
Tel. No.: |
91-22-66202200/211 |
|
Fax No.: |
91-22-66202288 |
|
E-Mail : |
DIRECTORS
AS ON 13.09.2011
|
Name : |
Mr. Dipankar Basu |
|
Designation : |
Director |
|
Address : |
602 Glen Eagle G D Ambekar Marg Parel, Mumbai-400012, Maharashtra,
India |
|
Date of Birth/Age : |
10.08.1935 |
|
Date of Appointment : |
31.10.2006 |
Directorship in
Other Companies :
|
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 |
U51900MH1994PLC078303 |
STCI Finance Limited |
Director |
10/05/1994 |
10/05/1994 |
- |
Active |
NO |
|
2 |
L23100AP1989PLC010655 |
RAIN CALCINING
LTD. |
Director |
18/09/1997 |
18/09/1997 |
- |
Amalgamated |
NO |
|
3 |
L24124RJ1985PLC003293 |
CHAMBAL
FERTILISERS AND CHEMICALS LIMITED |
Director |
29/11/1997 |
29/11/1997 |
- |
Active |
NO |
|
4 |
U66010WB1932PLC007490 |
THE PEERLESS
GENERAL FINANCE & INVESTMENT CO LTD |
Director |
11/05/1998 |
11/05/1998 |
- |
Active |
NO |
|
5 |
U65999DL1998PTC093849 |
SBI CARDS AND PAYMENT
SERVICES PRIVATE LIMITED. |
Director |
14/09/1998 |
14/09/1998 |
- |
Active |
NO |
|
6 |
U85110KA1993PLC015071 |
IGATE GLOBAL
SOLUTIONS LIMITED |
Director |
23/02/2000 |
23/02/2000 |
06/02/2008 |
Active |
NO |
|
7 |
L24220MH1945PLC004598 |
ASIAN PAINTS
LIMITED |
Director |
15/04/2000 |
15/04/2000 |
- |
Active |
NO |
|
8 |
L24121MH1979PLC021360 |
DEEPAK
FERTILISERS AND PETROCHEMICALS CORPORATION LTD |
Director |
27/07/2000 |
27/07/2000 |
- |
Active |
NO |
|
9 |
L22213WB1946PLC014346 |
SAREGAMA INDIA
LIMITED |
Director |
24/04/2001 |
24/04/2001 |
30/06/2011 |
Active |
NO |
|
10 |
U65990MH1994PLC079263 |
Standard
Chartered Securities (India) Limited |
Director |
17/04/2006 |
17/04/2006 |
21/01/2009 |
Active |
NO |
|
11 |
U67110MH2006PLC165306 |
STCI Primary
Dealer Limited |
Director |
31/10/2006 |
31/10/2006 |
- |
Active |
NO |
|
12 |
U67120WB1995PLC067616 |
PEERLESS
SECURITIES LTD |
Director |
08/09/2008 |
29/11/2007 |
- |
Active |
NO |
|
13 |
U23209AP1999PLC031631 |
RAIN CEMENTS
LIMITED |
Director |
02/09/2008 |
29/02/2008 |
10/02/2011 |
Active |
NO |
|
14 |
U11100AP2008PLC058785 |
RAIN CII CARBON
(VIZAG) LIMITED |
Additional
director |
28/07/2011 |
28/07/2011 |
- |
Active |
NO |
|
15 |
L26942AP1974PLC001693 |
RAIN COMMODITIES
LIMITED |
Additional
director |
29/07/2011 |
29/07/2011 |
- |
Active |
NO |
|
Name : |
Mr. Pundarik Sanyal |
|
Designation : |
Director |
|
Address : |
8-C Shanaz 90 Nepean Sea Road, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
28.01.1950 |
|
Date of Appointment : |
15.10.2007 |
Directorship in
Other Companies :
|
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 |
U65990MH1994PLC079263 |
Standard
Chartered Securities (India) Limited |
Additional
director |
11/08/2007 |
11/08/2007 |
07/12/2010 |
Active |
NO |
|
2 |
U51900MH1994PLC078303 |
STCI Finance
Limited |
Managing
director |
01/02/2012 |
28/08/2007 |
- |
Active |
NO |
|
3 |
U67110MH2006PLC165306 |
STCI Primary
Dealer Limited |
Director |
20/08/2008 |
15/10/2007 |
- |
Active |
NO |
|
4 |
U65990MH2001PLC131804 |
THE CLEARING
CORPORATION OF INDIA LIMITED |
Director |
30/05/2008 |
28/12/2007 |
- |
Active |
NO |
|
5 |
U67120MH2004PLC148711 |
STCI Commodities
Limited |
Director |
14/08/2008 |
27/02/2008 |
- |
Active |
NO |
|
Name : |
Mr. Ramachandra Vishnupant Joshi |
|
Designation : |
Director |
|
Address : |
11 Priyadarshan Boi Housing Society, Sant Nagar, Pune-411009, Maharashtra, India |
|
Date of Birth/Age : |
01.09.1972 |
|
Date of Appointment : |
31.10.2006 |
Directorship in
Other Companies :
|
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 |
U74999MH2003PLC140849 |
CLEARCORP DEALING
SYSTEMS (INDIA) LIMITED |
Director |
11/06/2003 |
11/06/2003 |
- |
Active |
NO |
|
2 |
L99999MH1991PLC060643 |
TEMPTATION FOODS
LIMITED |
Director |
06/01/2006 |
06/01/2006 |
29/01/2010 |
Active |
NO |
|
3 |
U67110MH2006PLC165306 |
STCI Primary Dealer
Limited |
Director |
31/10/2006 |
31/10/2006 |
- |
Active |
NO |
|
Name : |
Mr. Pradeep Motiram Madhav |
|
Designation : |
Director |
|
Address : |
J-25 RHS Sector 6 Vashi, Navi
Mumbai-400703, Maharashtra, India |
|
Date of Birth/Age : |
31.07.1957 |
|
Date of Appointment : |
04.05.2007 |
Directorship in
Other Companies :
|
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 |
U67120MH2004PLC148711 |
STCI Commodities
Limited |
Director |
12/09/2006 |
12/09/2006 |
- |
Active |
NO |
|
2 |
U67110MH2006PLC165306 |
STCI Primary
Dealer Limited |
Managing
director |
01/10/2007 |
04/05/2007 |
- |
Active |
NO |
|
3 |
U67120MH1997NPL112605 |
PRIMARY DEALERS'
ASSOCIATION OF INDIA |
Director |
27/06/2007 |
27/06/2007 |
- |
Active |
NO |
|
4 |
U67120MH1998GAP114753 |
FIXED INCOME
MONEY MARKET AND DERIVATIVES ASSOCIATION OF INDIA |
Director |
27/09/2007 |
27/09/2007 |
- |
Active |
NO |
|
5 |
U65990MH1994PLC079263 |
Standard
Chartered Securities (India) Limited |
Director |
13/09/2010 |
19/02/2010 |
07/12/2010 |
Active |
NO |
|
Name : |
Mr. Anant Vishnu Rajwade |
|
Designation : |
Director |
|
Address : |
2 Parshwa Kunj Malaviya Road, Vile Parle (East), Mumbai-400057,
Maharashtra, India |
|
Date of Birth/Age : |
29.09.1936 |
|
Date of Appointment : |
14.06.2007 |
Directorship in Other Companies :
|
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 |
U29249MH1980PTC022880 |
JAK MINING TOOLS
PRIVATE LIMITED |
Director |
23/07/1980 |
23/07/1980 |
- |
Strike off |
NO |
|
2 |
L72100MH1995PLC084788 |
CYBERTECH
SYSTEMS AND SOFTWARE LIMITED |
Director |
23/05/1995 |
23/05/1995 |
30/09/2011 |
Active |
NO |
|
3 |
U67200TN2000PLC045611 |
ROYAL SUNDARAM
ALLIANCE INSURANCE COMPANY LIMITED |
Director |
23/01/2001 |
23/01/2001 |
28/04/2011 |
Active |
NO |
|
4 |
U65990MH2001PLC131804 |
THE CLEARING
CORPORATION OF INDIA LIMITED |
Director |
29/01/2002 |
29/01/2002 |
- |
Active |
NO |
|
5 |
L63040MH1978PLC020717 |
THOMAS COOK
(INDIA) LIMITED |
Director |
21/01/2006 |
21/01/2006 |
- |
Active |
NO |
|
6 |
U45200MH2006PLC161190 |
Reliance Asset
Reconstruction Company Limited |
Director |
20/05/2008 |
31/10/2006 |
28/12/2009 |
Active |
NO |
|
7 |
L30006TN1995PLC031651 |
ZYLOG SYSTEMS
LIMITED |
Director |
21/06/2007 |
01/03/2007 |
03/08/2010 |
Active |
NO |
|
8 |
U67110MH2006PLC165306 |
STCI Primary
Dealer Limited |
Director |
14/06/2007 |
14/06/2007 |
- |
Active |
NO |
|
9 |
U74140MH2007PTC174777 |
A. V. Rajwade
& Co. Private Limited |
Director |
05/10/2007 |
05/10/2007 |
- |
Active |
NO |
|
Name : |
Mr. Sridar Venkatesan |
|
Designation : |
Director |
|
Address : |
303A H P Employees CHS Plot No NDR-11, Tilak Nagar, Chembur,
Mumbai-400089, Maharashtra, India |
|
Date of Birth/Age : |
28.07.1947 |
|
Date of Appointment : |
02.02.2009 |
Directorship in
Other Companies :
|
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 |
L31402WB1934PLC007993 |
EVEREADY
INDUSTRIES INDIA LTD |
Director |
24/07/2009 |
01/08/2008 |
24/02/2010 |
Active |
NO |
|
2 |
U51900MH1994PLC078303 |
STCI Finance
Limited |
Director |
29/09/2009 |
23/12/2008 |
- |
Active |
NO |
|
3 |
U17119DN1982PLC000092 |
KRISHNA KNITWEAR
TECHNOLOGY LIMITED |
Director |
27/06/2009 |
24/01/2009 |
15/03/2010 |
Active |
NO |
|
4 |
L17120MH1993PLC073267 |
ASAHI INDUSTRIES
LIMITED |
Director |
08/08/2009 |
31/01/2009 |
15/03/2010 |
Active |
NO |
|
5 |
U67110MH2006PLC165306 |
STCI Primary
Dealer Limited |
Director |
04/09/2009 |
02/02/2009 |
- |
Active |
NO |
|
6 |
L21012TZ1960PLC000364 |
SESHASAYEE PAPER
AND BOARDS LIMITED |
Director |
25/07/2009 |
04/06/2009 |
- |
Active |
NO |
|
7 |
L15422TN1996PLC037200 |
PONNI SUGARS
(ERODE) LIMITED |
Director |
22/07/2009 |
05/06/2009 |
- |
Active |
NO |
|
8 |
L18109DN1987PLC000034 |
ESKAY K 'n' IT
(INDIA) LIMITED |
Director |
22/08/2009 |
09/06/2009 |
15/03/2010 |
Active |
NO |
|
9 |
L74999DN1987PLC000035 |
K-LIFESTYLE
& INDUSTRIES LIMITED |
Director |
22/08/2009 |
12/06/2009 |
15/03/2010 |
Active |
NO |
|
10 |
U65999MH2008PTC183786 |
Morpheus Capital
Advisors Private Limited |
Director |
24/09/2009 |
08/09/2009 |
- |
Active |
NO |
|
11 |
U40101TN1997PLC037663 |
LANCO TANJORE
POWER COMPANY LIMITED |
Director |
14/07/2010 |
18/01/2010 |
- |
Active |
NO |
|
12 |
L65190GJ1994PLC021012 |
ICICI BANK
LIMITED |
Director |
28/06/2010 |
21/01/2010 |
- |
Active |
NO |
|
13 |
U40100AP2005PLC045445 |
LANCO VIDARBHA
THERMAL POWER LIMITED |
Director |
30/09/2011 |
24/07/2010 |
- |
Active |
NO |
|
14 |
U65922MH2010PTC202721 |
AADHAR HOUSING
FINANCE PRIVATE LIMITED |
Director |
19/08/2010 |
19/08/2010 |
- |
Active |
NO |
|
15 |
U51420MH2008PLC187689 |
SARDA METALS
& ALLOYS LIMITED |
Director |
30/09/2010 |
20/08/2010 |
- |
Active |
NO |
|
16 |
L26109WB1946PLC013294 |
HINDUSTHAN
NATIONAL GLASS & INDUSTRIES LIMITED |
Director |
19/08/2011 |
02/11/2010 |
- |
Active |
NO |
|
17 |
U21012TN2006PLC059326 |
SPB PAPERS
LIMITED |
Director |
27/08/2011 |
01/04/2011 |
- |
Active |
NO |
|
18 |
U65990MH1966PLC013459 |
SICOM LIMITED |
Additional
director |
29/09/2011 |
29/09/2011 |
- |
Active |
NO |
|
19 |
U69990MH1999PLC123190 |
IDFC AMC TRUSTEE
COMPANY LIMITED |
Director |
08/12/2011 |
08/12/2011 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Ms. Suparna Sharma |
|
Designation : |
Secretary |
|
Address : |
205 Blue Mist Blue Empire Complex Mahavir Nagar Kangivali (West), Mumbai-400067,
Maharashtra, India |
|
Date of Birth/Age : |
19.02.1974 |
|
Date of Appointment : |
04.05.2007 |
|
Date Ceasing : |
30.06.2011 |
|
|
|
|
Name : |
Mr. Kalpesh C Modu |
|
Designation : |
Secretary |
|
Address : |
8/10 Bora Bazaar Strest 3rd Floor Room No 27 Fort,
Mumbai-400001, Maharashtra, India |
|
Date of Birth/Age : |
15.08.1982 |
|
Date of Appointment : |
13.09.2011 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 13.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Securities Trading Corporation of India Limited, India |
|
199999994 |
|
Babu Raghutham (Nominee Shareholder of Securities Trading Corporation
of India Limited, India) |
|
1 |
|
K V Ramakrishnan (Nominee Shareholder of Securities Trading Corporation
of India Limited, India) |
|
1 |
|
Pradeep Madhav (Nominee Shareholder of Securities Trading Corporation
of India Limited, India) |
|
1 |
|
Prasanna Patankar (Nominee Shareholder of Securities Trading
Corporation of India Limited, India) |
|
1 |
|
Pundarik Sanyal (Nominee Shareholder of Securities Trading Corporation
of India Limited, India) |
|
1 |
|
Jagmohan Kapila (Nominee Shareholder of Securities Trading Corporation
of India Limited, India) |
|
1 |
|
Total |
|
200000000 |
AS ON 13.09.2011
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Primary Dealer in Government Securities. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chandabhoy And Jassoobhoy Chartered Accountant |
|
Address : |
208 Phoenix House A Wing 462 Senapati Bapat Marg, Lower Parel, Mumbai-400013,
Maharashtra, India |
|
|
|
|
Holding Company : |
Securities Trading Corporation of India Limited |
|
|
|
|
Fellow Subsidiaries : |
STCI Commodities Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
300000000 |
Equity Shares |
Rs.10/- each |
Rs.3000.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000000 |
Equity Shares |
Rs.10/- each |
Rs.2000.000
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 |
2000.000 |
2000.000 |
2000.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
718.911 |
661.826 |
533.529 |
|
|
4] (Accumulated Losses) |
0000 |
0.000 |
0.000 |
|
|
NETWORTH |
2718.911 |
2661.826 |
2533.529 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
13661.035 |
2327.821 |
6189.713 |
|
|
2] Unsecured Loans |
4288.245 |
7414.202 |
3038.252 |
|
|
TOTAL BORROWING |
17949.280 |
9742.023 |
9227.965 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
20668.191 |
12403.849 |
11761.494 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
227.108 |
18.389 |
23.112 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
200.390 |
0.000 |
|
|
DEFERREX TAX ASSETS |
2.321 |
9.385 |
12.779 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
18061.534
|
11538.622 |
11638.466 |
|
|
Sundry Debtors |
0.455
|
0.925 |
0.916 |
|
|
Cash & Bank Balances |
2102.384
|
4.469 |
2.966 |
|
|
Other Current Assets |
264.385
|
125.976 |
54.797 |
|
|
Loans & Advances |
743.630
|
1269.320 |
705.718 |
|
Total
Current Assets |
21172.388
|
12939.312 |
12402.863 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
39.780
|
62.508 |
10.218 |
|
|
Provisions |
693.846
|
701.119 |
667.042 |
|
Total
Current Liabilities |
733.626
|
763.627 |
677.260 |
|
|
Net Current Assets |
20438.762
|
12175.685 |
11725.603 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
20668.191 |
12403.849 |
11761.494 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Trading Profit/ (Loss) on Securities |
(47.721) |
(85.297) |
900.340 |
|
|
|
Interest/ Discount Income |
1289.470 |
792.843 |
836.437 |
|
|
|
Dividend Income |
2.224 |
0.533 |
0.250 |
|
|
|
Underwriting & Other Income |
42.007 |
108.591 |
90.232 |
|
|
|
TOTAL (A) |
1285.980 |
816.670 |
1827.259 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Expenses on REPO |
212.207 |
158.875 |
165.710 |
|
|
|
Other Financial Payments |
48.338 |
60.701 |
43.455 |
|
|
|
Personal Cost |
41.529 |
40.692 |
49.147 |
|
|
|
Administrative Expenses |
50.735 |
51.348 |
41.377 |
|
|
|
TOTAL (B) |
352.809 |
311.616 |
299.689 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
933.171 |
505.054 |
1527.570 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
837.283 |
293.906 |
453.981 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
95.888 |
211.148 |
1073.589 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
14.948 |
8.802 |
3.705 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
80.940 |
202.346 |
1069.884 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
27.388 |
74.050 |
375.799 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
53.552 |
128.296 |
694.085 |
|
|
|
|
|
|
|
|
|
Add |
Write back of Provision for FY2007-08 |
3.532 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
366.283 |
263.646 |
42.369 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
10.710 |
25.659 |
138.816 |
|
|
|
General Reserve |
0.000 |
0.000 |
100.000 |
|
|
|
Interim Dividend |
0.000 |
0.000 |
200.000 |
|
|
|
Tax on Interim Dividend |
0.000 |
0.000 |
33.990 |
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
412.657 |
366.283 |
263.646 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.27 |
0.64 |
3.47 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.16
|
15.70 |
37.98 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(169.61)
|
(237.22) |
118.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.37
|
1.56 |
8.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.07 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.87
|
3.94 |
3.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
28.85
|
16.94 |
18.31 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
Not Available
Fixed Assets:
·
Air Conditioner
·
Buildings
·
Computer Software
·
Computer
·
Electrical Installation
·
Furniture And Fixtures
·
Office Equipments
·
Vehicle Motor Cars
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.50.31 |
|
|
1 |
Rs.70.04 |
|
Euro |
1 |
Rs.65.82 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.