MIRA INFORM REPORT
|
Report Date : |
19.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
DUJODWALA PRODUCTS LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
03.07.1981 |
|
|
|
|
Com. Reg. No.: |
11-024742 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 90.375 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L24110MH1981PTC024742 |
|
|
|
|
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 selling of Camphor, Sodium Acetate and Alliet Products, Terpene Chemicals and Synthetics. |
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|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1749000 |
|
|
|
|
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 record. There appears sharp dip in profit of the company in 2012. However, 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.
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL SME |
|
Rating |
SME 1 |
|
Rating Explanation |
Highest credit quality with negligible
credit risk |
|
Date |
15 April 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Midul |
|
Designation : |
Marketing Executives |
|
Contact No.: |
91-11-30461911 |
|
Date : |
16.08.2013 |
LOCATIONS
|
Registered Office/ Plant : |
|
|
Tel. No.: |
91-22-22854618/22824089/22841281/2192-276061/276140/11-3046191 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office : |
812, Tulsiani Chambers, 212 Nariman Point, Mumbai-400 021,
|
|
Tel. No.: |
91-22-33079300/22824089/33079389 |
|
Mobile No.: |
91-9323659381 (Mr. Mohan Agrawal) |
|
Fax No.: |
91-22-33079381/22841281/84 |
|
E-Mail : |
|
|
Area : |
1150 sq.ft |
|
Location : |
Owned |
|
|
|
|
Branches : |
Located at: Tel. No.:
91-11-23312774/2335/2895 Fax
No.:91-11-3312717 Mobile No.:
91-9312439432 Kolkata Tel. No.:
91-33-22261006/22267912 Fax No.:
91-33-22263927 Chennai Tel. No.:
91-44-5358219/5351289/5355865 Fax No.:
91-44-5355853 Tel. No.:
91-80-65737066/67 Fax No.:
91-80-22273147 Tel. No.:
91-40-27722561/27721159 Fax No.:
91-40-27812846 Kumbhivali Tel. No.: 91-2192-276116/276140 Tel. No.: 91-1923-20246/20317 Fax No.: 91-1923-220617 Tel. No.: 91-452-746582/746201 |
DIRECTORS
As on 31.03.2012
|
Name : |
Mr. Kamalkumar Dujodwala |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. Pannkaj Dujodwala |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. Narendra Goenka |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Rajkumar Saraf |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Rajkumar Jatia |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Sharad Saraf |
|
Designation : |
Director (Resigned w.e.f. 14.05.2012) |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. R.K. Shriya |
|
Designation : |
Director (Resigned w.e.f. 12.08.2011) |
|
Date of Birth/Age : |
31.12.1934 |
|
Date of Appointment : |
21.08.1995 |
|
Qualification : |
B.Com. |
KEY EXECUTIVES
|
Name : |
Mr. Midul |
|
Designation : |
Marketing Executives |
SHAREHOLDING PATTERN
As on 30.06.2013
|
(A)
Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
2240295 |
24.75 |
|
|
1999399 |
22.09 |
|
|
4239694 |
46.83 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
4239694 |
46.83 |
|
(B)
Public Shareholding |
|
|
|
|
|
|
|
|
1900 |
0.02 |
|
|
600 |
0.01 |
|
|
2500 |
0.03 |
|
|
|
|
|
|
1011488 |
11.17 |
|
|
|
|
|
|
2348398 |
25.94 |
|
|
1174322 |
12.97 |
|
|
276278 |
3.05 |
|
|
269112 |
2.97 |
|
|
7166 |
0.08 |
|
|
4810486 |
53.14 |
|
Total
Public shareholding (B) |
4812986 |
53.17 |
|
Total
(A)+(B) |
9052680 |
100.00 |
|
I Shares
held by Custodians and against which Depository Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
9052680 |
0.00 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Promoter and
Promoter Group
|
Name of the
Shareholder |
No.
of Shares held |
% of Holding |
|
Akshay Dujodwala |
348307 |
3.85 |
|
Alka Dujodwala |
578790 |
6.39 |
|
Dujodwala Export Pvt Ltd |
172432 |
1.90 |
|
Indo Euro Securities Ltd |
1826967 |
20.18 |
|
Manisha Dujodwala |
853250 |
9.43 |
|
Pankaj Ramgopal Dujodwala HUF |
172432 |
1.90 |
|
Ramgopal Kamalkumar HUF |
156216 |
1.73 |
|
Vasudha Dujodwala |
131300 |
1.45 |
|
Total |
4239694 |
46.83 |
(*) The term encumbrance has the same meaning as assigned to
it in regulation 28(3) of the SAST Regulations, 2011
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Public and holding
more than 1% of the total number of shares
|
Name of the
Shareholder |
No.
of Shares held |
% of Holding |
|
Sangeetha S |
136330 |
1.51 |
|
Vijay Rani Saraf |
420900 |
4.65 |
|
J B C International Private Limited |
414500 |
4.58 |
|
JNJ Holdings Private Limited |
360030 |
3.98 |
|
Total |
1331760 |
14.71 |
Details of Locked-in Shares
|
Name of the
Shareholder |
No. of Shares
held |
% of Holding |
|
Pankaj Ramgopal Dujodwala HUF |
172432 |
1.90 |
|
Ramgopal Kamalkumar HUF |
86,216 |
0.95 |
|
Dujodwala Export Pvt Ltd |
172432 |
1.90 |
|
Total |
431080 |
4.76 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and selling of Camphor, Sodium Acetate and Alliet Products, Terpene Chemicals and Synthetics. |
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Products : |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesaler, Retailers and End Users |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
·
The Saraswat Co-operative Bank Limited
(Scheduled Bank), Fort, Mumbai, ·
The Jammu and Kashmir Bank Limited, Fort,
Mumbai, ·
Industrial Development Bank of India Limited, · HDFC Bank · ICICI Bank · Citi Bank · SBI Khopoli Bank · SBICI Bank · Kotak Mahindra Bank · Saraswat Co-operative Bank Limited, CST Branch, Taj Building Ground Floor, A. K Nayak Marg, Fort, Mumbai , Maharashtra, India · IDBI Bank |
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Facilities : |
Note: Long Term Borrowings Corporate loan: Secured against
first charge on the present and future fixed assets of the company (Land and Building,
Plant and Machinery) repayable in 33 months in monthly installment of Rs.
2.122 Million each. Applicable rate
of interest in 14.5% Rupee Term Loan – I: Secured against
hypothecation of existing plant and machinery of the company. Application rate
of interest is 14.5%. Rupee Term Loan – II : Secured against
hypothecation of existing plant and machinery financed. Repayable in 60
monthly installments of Rs. 0.705 Million each. Applicable rate
of interest is 14.5%. Rupee Term Loan: Equitable
mortgage additional construction on existing land at Kumbhivali, Sovroli
Kharpada, Taluka – Khalapur, Khopoli, District Raigad. Repayable after a
moratorium period of 12 months. Repayable in 71 monthly installments of Rs.
0.475 Million each. Applicable rate
of interest is 14.5%. Vehicle Loan: Secured against
Vehicle financed and personal guarantee of Shri P.R. Dujodwala, Director of
the company) Cash Credit : Secured against
hypothecation of Inventories and book debts of the company. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sunderlal, Desai and Kanodia Chartered Accountants |
|
Address : |
903, |
|
Tel. No.: |
91-22-22832801 |
|
E-mail : |
|
|
|
|
|
Related Parties : |
· Balaji Pine Chemicals Limited · Specialty Chemicals · Dujodwala Resin and Terpenes Limited · Indo-Euro Securities Limited · Dujodwala Exports Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs. 10/- each |
Rs. 120.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9052680 |
Equity Shares |
Rs. 10/- each |
Rs. 90.527 Millions |
|
Less : |
Calls Unpaid |
|
Rs. 0.152 Million |
|
|
Total |
|
Rs. 90.375
Millions |
(of these 4,31,080 equity shares of Rs. 10 each
fully paid up issued at premium of Rs. 8.59 per shares upon conversion of
convertible warrants issued on preferential basis in the financial year
2010-2011.)
Terms/rights attached to equity shares:
The company has only one class of equity
shares having par value of Rs. 10/- each holder of equity share is entitled to
one vote per share. The company declares and pays dividend in Indian Rupees.
The dividend proposed by the Board of Director is subject to the approval of
the shareholders in the ensuing annual general meeting. In the event of
liquidation of the company, the holders of equity shares will be entitled to
receive remaining assets of the company, after distribution of all preferential
amounts. The distribution will be production to the number of equity shares
held.
Reconciliation of outstanding shares:
|
Particulars |
No. of shares |
|
Opening as on 1st April |
9052680 |
|
Add: issued during the year |
-- |
|
Closing on 31st March |
9052680 |
Details of shareholders holding more than 5% of the total share capital
|
Particulars |
No. of shares |
|
Indo Euro Securities Limited |
1794885 |
|
Manisha Dujodwala |
853250 |
|
Alka Dujodwala |
578790 |
|
Total |
3226925 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
90.375 |
90.375 |
|
(b) Reserves & Surplus |
|
339.942 |
310.504 |
|
(c) Money
received against share warrants |
|
7.026 |
7.026 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
437.343 |
407.905 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
61.357 |
66.003 |
|
(b) Deferred tax liabilities (Net) |
|
55.363 |
56.625 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
8.095 |
5.671 |
|
Total Non-current
Liabilities (3) |
|
124.815 |
128.299 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
410.052 |
196.637 |
|
(b) Trade
payables |
|
360.188 |
440.633 |
|
(c) Other
current liabilities |
|
121.877 |
153.467 |
|
(d) Short-term
provisions |
|
0.000 |
48.367 |
|
Total Current
Liabilities (4) |
|
892.117 |
839.104 |
|
|
|
|
|
|
TOTAL |
|
1454.275 |
1375.308 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
437.026 |
424.239 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
34.973 |
13.144 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.025 |
0.025 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
39.780 |
42.289 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
511.804 |
479.697 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
538.940 |
560.498 |
|
(c) Trade
receivables |
|
276.869 |
186.587 |
|
(d) Cash
and cash equivalents |
|
40.662 |
32.927 |
|
(e)
Short-term loans and advances |
|
79.612 |
114.716 |
|
(f) Other
current assets |
|
6.388 |
0.883 |
|
Total
Current Assets |
|
942.471 |
895.611 |
|
|
|
|
|
|
TOTAL |
|
1454.275 |
1375.308 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
86.064 |
|
|
2] Share Application Money |
|
|
9.029 |
|
|
3] Reserves & Surplus |
|
|
230.533 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
325.626 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
123.895 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
123.895 |
|
|
DEFERRED TAX LIABILITIES |
|
|
50.361 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
499.882 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
368.657 |
|
|
Capital work-in-progress |
|
|
13.741 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
165.638
|
|
|
Sundry Debtors |
|
|
142.839
|
|
|
Cash & Bank Balances |
|
|
52.176
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
104.484
|
|
Total
Current Assets |
|
|
465.137 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
243.383
|
|
|
Other Current Liabilities |
|
|
52.082
|
|
|
Provisions |
|
|
52.188
|
|
Total
Current Liabilities |
|
|
347.653 |
|
|
Net Current Assets |
|
|
117.484
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
499.882 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2202.272 |
1907.520 |
1458.299 |
|
|
|
Excise Duty Refund |
0.000 |
0.000 |
0.057 |
|
|
|
Other Income |
6.637 |
8.691 |
7.546 |
|
|
|
TOTAL (A) |
2208.909 |
1916.211 |
1465.902 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1515.044 |
1477.446 |
|
|
|
|
Trading Purchase |
189.178 |
82.914 |
|
|
|
|
Changes in inventories of finished goods and work-in-progress |
51.553 |
(138.178) |
|
|
|
|
Employee benefit expenses |
65.599 |
53.306 |
|
|
|
|
Other expenses |
250.490 |
211.784 |
|
|
|
|
TOTAL (B) |
2071.864 |
1687.272 |
1319.232 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
137.045 |
228.939 |
146.670 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
66.480 |
42.681 |
6.327 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
70.565 |
186.258 |
140.343 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
38.097 |
35.521 |
29.817 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
32.468 |
150.737 |
110.526 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.022 |
54.264 |
38.415 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
33.490 |
96.473 |
72.111 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
210.651 |
144.717 |
88.142 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
10.000 |
20.000 |
5.500 |
|
|
|
Dividend |
0.000 |
9.038 |
8.607 |
|
|
|
Tax on Dividend |
0.000 |
1.501 |
1.429 |
|
|
BALANCE CARRIED
TO THE B/S |
234.141 |
210.651 |
144.717 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
129.921 |
203.779 |
82.015 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
677.413 |
|
|
|
Traveling Expenses |
NA |
NA |
1.349 |
|
|
|
Purchase of Trading Goods |
NA |
NA |
27.655 |
|
|
TOTAL IMPORTS |
NA |
NA |
706.417 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
- Basic |
3.70 |
11.10 |
8.38 |
|
|
|
- Diluted |
3.17 |
9.13 |
8.19 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.52
|
5.03 |
4.92 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.47
|
7.90 |
7.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.31
|
16.07 |
13.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.74
|
0.37 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.07
|
0.64 |
0.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.06
|
1.07 |
1.34 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
Yes |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
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 |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CURRENT MATURITY OF
LONG TERM BORROWINGS DETAIL:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current Maturity
of Long Term Borrowings |
37.950 |
47.914 |
NA |
|
Total |
37.950 |
47.914 |
NA |
REVIEW OF
OPERATIONS:
During the year, the company has achieved sales and other income of Rs.
2396.166 Millions as compared of Rs. 2087.508 Millions during the previous year
resulting the escalation of 14%. Whereas the net profit has dropped to Rs.
33.490 as against Rs. 96.473 Millions during the previous year.
The company has adequate production facilities with sole objective of
providing quality products at reasonable price as well as satisfying the
interest of all customers of the company.
FIXED ASSETS:
· Land
· Residential Premises
·
· Plant And Machinery
· Vehicles
· Furniture And Fixtures
· Computer
· Office Equipment
· Office Premises
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 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 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. 61.82 |
|
|
1 |
Rs. 96.57 |
|
Euro |
1 |
Rs. 82.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLV |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.