MIRA
INFORM REPORT
|
Report Date : |
06.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
PARLE PRODUCTS PRIVATE LIMITED (w.e.f. 27.08.1966) |
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Formerly Known
As : |
PARLE PRODUCTS MANUFACTURING COMPANY PRIVATE LIMITED |
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Registered
Office : |
North Level Crossing, Vile Parle (East), Mumbai – 400 057, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
09.12.1950 |
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Com. Reg. No.: |
11-008334 |
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Capital
Investment / Paid-up Capital : |
Rs.19.410
Millions |
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CIN No.: [Company Identification
No.] |
U15400MH1950PTC008334 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP15062F / MUMP00186E |
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PAN No.: [Permanent Account No.] |
AAACP0486A |
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Legal Form : |
Private Limited Liability
Company |
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Line of Business
: |
(i) Processed
foods-Manufacturing of biscuits and allied products. (ii) Wind Mill |
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No. of Employees
: |
3000 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
A (66) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 9610000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established
and a reputed company having fine track record. Financial position of the
company appears to be sound. Fundamentals are strong and healthy. Trade relations are reported as fair.
Business is active. Payments are reported to be regular and as per
commitment. The company can be considered
normal for business dealings at usual trade terms and conditions. It can be regarded as a
promising business partner in medium to long run. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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 |
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone
5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been
launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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
LOCATIONS
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Registered Office/ Factory 1 : |
North Level Crossing, Vile Parle (East), Mumbai – 400 057, |
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Tel. No.: |
91-22-66916911-15 |
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Fax No.: |
91-22-66916927/ 66916926 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory 2 : |
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Tel. No.: |
91-22-66916911 to 14 |
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Fax No.: |
91-22-66916927 |
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Factory 3 : |
SP-2/4 RIICO Industrial Area, |
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Factory 4 : |
36, |
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Factory 5 : |
15.K.M.Stone, |
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Factory 6 : |
Survey No.120/2 and 118/2, Doddabidarakallu Village,
Yeshwantpura, Hubli, Bangalore North, 15th K.M., Tumkur, N.H.
No.4, Bangalore – 560 073, Karnataka, India |
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Tel. No.: |
91-80-28398825/ 28372807 |
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Fax No.: |
91-80-28398800/ 28398825 |
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Factory 7 : |
V.S. Khandekar Marg, Vile Parle (East), Mumbai – 400 057, |
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Tel. No.: |
91-22-66916911 |
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Fax No.: |
91-22-66916926 |
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E-Mail : |
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Regional Sales Offices (RSO) : |
Located at : · Mumbai · Delhi · Bangalore ·
Kolkata
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DIRECTORS
AS ON 27.09.2013
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Name : |
Mr. Vijay Kantilal Chauhan |
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Designation : |
Managing Director |
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Address : |
Kanila, Swami Vivekanand Road, Vile Parle (West), Mumbai - 400 056,
Maharashtra, India |
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Date of Birth/Age : |
26.12.1936 |
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Qualification: |
B.S.-Worcester Polytechnic Institute, USA(Mech. Engg) |
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Experience : |
50 Years |
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Date of Appointment : |
31.05.1993 |
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DIN No. : |
00290771 |
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PAN No.: |
AABPC5047N |
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Name : |
Mr. Sharad Pitamber Chauhan |
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Designation : |
Managing Director |
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Address : |
Purnima, Swami Vivekanand Road, Vile Parle (West), Mumbai – 400 056,
Maharashtra, India |
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Date of Birth/Age : |
26.10.1944 |
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Qualification : |
B.S.- Massachussets Institute of Technology, USA (Industrial
Management), B.S. Massachussets Institute of Technology, USA (Electrical
Engineering) |
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Experience : |
45 Years |
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Date of Appointment : |
31.05.1993 |
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DIN No. : |
00290803 |
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PAN No.: |
AABPC5044R |
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Name : |
Mr. Raj Kantilal Chauhan |
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Designation : |
Managing Director |
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Address : |
Kanila, Swami Vivekanand Road, Vile Parle (West), Mumbai – 400 056,
Maharashtra, India |
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Date of Birth/Age : |
22.09.1946 |
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Qualification : |
B.S. Worcester Polytechnic Institute, USA (Chemical Engineering) |
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Experience : |
42 Years |
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Date of Appointment : |
31.05.1993 |
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DIN No. : |
00290785 |
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PAN No.: |
AABPC5038P |
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Name : |
Mr. Ajay Vijay Chauhan |
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Designation : |
Whole Time Director |
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Address : |
Kanila, Swami Vivekanand Road, Vile Parle (West), Mumbai – 400 056,
Maharashtra, India |
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Date of Birth/Age : |
21.07.1965 |
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Qualification : |
B.S. (Mech. Engg.) USA, MBA(USA) |
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Experience : |
22 Years |
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Date of Appointment : |
12.07.1995 |
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DIN No. : |
00290837 |
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PAN No.: |
AABPC5041L |
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Name : |
Mr. Arup Sharad Chauhan |
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Designation : |
Whole Time Director |
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Address : |
Purnima, Swami Vivekanand Road, Vile Parle (West), Mumbai - 400 056,
Maharashtra, India |
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Date of Birth/Age : |
23.06.1975 |
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Qualification : |
B.Com, Mumbai |
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Experience : |
16 Years |
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Date of Appointment : |
25.09.2002 |
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DIN No. : |
00290834 |
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PAN No.: |
AABPC5046P |
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Name : |
Mr. Samar Sharad Chauhan |
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Designation : |
Whole Time Director |
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Address : |
Purnima, Swami Vivekanand Road, Vile Parle (West), Mumbai – 400 056,
Maharashtra, India |
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Date of Birth/Age : |
26.06.1979 |
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Qualification: |
B.Com, Mumbai, MBA |
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Experience : |
10 Years |
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Date of Appointment : |
26.09.2007 |
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DIN No. : |
00290852 |
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PAN No.: |
AAVPC6822F |
KEY EXECUTIVES
|
Name : |
Mr. M.B. Gawde |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
AS ON 27.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Sharad Pitamber Chauhan Asha Sharad Chauhan |
8659 |
4.46 |
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Arup Sharad Chauhan |
7886 |
4.06 |
|
|
7885 |
4.06 |
|
Amol Sharad Chauhan |
6935 |
3.57 |
|
Asha Sharad Chauhan Sharad Pitamber Chauhan |
1830 |
0.94 |
|
Sharad Pitamber Chauhan Asha Sharad Chauhan |
2000 |
1.03 |
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Pitamber Mohanlal Sharad Pitamber Chauhan Madhuri Sharad Sheth |
3332 |
1.72 |
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Pitamber Mohanlal Sharad Pitamber Chauhan Madhuri Sharad Sheth |
3332 |
1.72 |
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Sharad Pitamber Chauhan Madhuri Sharad Sheth Vijay Kantilal Chauhan |
1800 |
0.93 |
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Sharad Pitamber Chauhan Madhuri Sharad Sheth Raj Kantilal Chauhan |
2000 |
1.03 |
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Sharad Pitamber Chauhan Madhuri Sharad Sheth Raj Kantilal Chauhan |
1900 |
0.98 |
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Sharad Pitamber Chauhan Madhuri Sharad Sheth Raj K. Chauhan |
2000 |
1.03 |
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Sharad Pitamber Chauhan Asha Sharad Chauhan Vijay Kantilal Chauhan Madhuri Sharad Sheth |
4800 |
2.47 |
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Serene Charitable |
7590 |
3.91 |
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Vasant Narendra Dalal |
954 |
0.49 |
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Sheela Ashwin Chiniwalla |
956 |
0.49 |
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Narottam Mohanlal Sheela Ashwin Chiniwalla Vijay Kantilal Chauhan Sharad Pitamber Chauhan |
10226 |
5.27 |
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Narottam Mohanlal Sheela Ashwin Chiniwalla Vijay Kantilal Chauhan Sharad Pitamber Chauhan |
10224 |
5.27 |
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Pentagon Charitable |
39590 |
20.40 |
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Nila Kantilal Vijay Kantilal Chauhan Raj Kantilal Chauhan |
3524 |
1.82 |
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Vijay Kantilal Chauhan Shakuntala Vijay Chauhan |
6404 |
3.30 |
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Raj Kantilal Chauhan Nina Raj Chauhan |
6946 |
3.58 |
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Shakuntala Vijay Chauhan Vijay Kantilal Chauhan |
4098 |
2.11 |
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Nina Raj Chauhan |
6584 |
3.39 |
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Ulka R. Fischer |
4554 |
2.35 |
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Ambika R. Chauhan |
4554 |
2.35 |
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Ajay Vijay Chauhan |
3942 |
2.03 |
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Sonal Yatin Kakodkar |
6260 |
3.23 |
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Amita Ajay Chauhan |
354 |
0.18 |
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Raj Kantilal Chauhan Nina Raj Chauhan |
1870 |
0.96 |
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Kantilal Mohanlal Vijay Kantilal Chauhan Raj Kantilal Chauhan |
3000 |
1.55 |
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Kantilal Mohanlal Vijay Kantilal Chauhan Raj Kantilal Chauhan |
3000 |
1.55 |
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Kantilal Mohanlal Vijay Kantilal Chauhan Sharad Pitamber Chauhan |
3000 |
1.55 |
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Shakuntala V. Chauhan Ajay Vijay Chauhan Arup S. Chauhan |
3460 |
1.78 |
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Shakuntala V. Chauhan Ajay Vijay Chauhan Arup S. Chauhan |
400 |
0.21 |
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P.K. Khansaheb Mariamma Rajan Iyer |
1 |
0.00 |
|
Mohanlal Dayal Charitable |
8250 |
4.25 |
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|
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Total
|
194100 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
71.44 |
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Other top fifty shareholders |
28.56 |
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|
|
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
(i) Processed
foods-Manufacturing of biscuits and allied products. (ii) Wind Mill |
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Products : |
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Exports : |
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Products : |
· Biscuits · Sugar Confectionery · Chocolate Confectionery |
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Countries : |
·
Middle East ·
Nigeria ·
USA |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
Singapore ·
Dubai ·
China ·
Korea ·
Taiwan ·
Thailand |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Note |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Biscuits |
1, 2 and 3 |
M.T. |
N.A. |
136642.080 |
370052.891 |
|
Confectionery |
1, 2 and 4 |
M.T. |
N.A. |
10409.000 |
3983.459 |
|
Atta |
1, 2 and 5 |
M.T. |
N.A. |
N.A. |
388.220 |
|
Power generated from windmill |
6 and 7 |
KWH |
7200 |
7200.000 |
8628300.000 |
|
Power generated from lignite |
|
KWH |
1500 |
- |
- |
|
Printed laminated wrappers |
|
M.T. |
N.A. |
3600.000 |
2978.039 |
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C. Boxes |
|
Nos. |
N.A. |
7800000.000 |
6842125.000 |
NOTES:
1) Installed capacity is in respect of the company’s own manufacturing units and does not includes capacity of contract manufacturers
2) Production includes production of company’s own manufacturing units as well as production for the company by its contract manufactures
3) Including 36707.521 M.T. manufactured by contract manufacturing units.
4) Including Nil M.T. manufactured by contract manufacturing units.
5) Including 388.220 M.T. manufactured by contract manufacturing units.
6) Excludes 18300.000 KW on account of transmission loss, wheeling charges
7) Licensed capacity is as approved by Maharashtra Energy Development Agency on 100% utilisation basis.
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
3000 (Approximately) |
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Bankers : |
· Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D, Nariman Point, Mumbai – 400 021, Maharashtra, India · State Bank of India · State Bank of Hyderabad · State Bank of Bikaner and Jaipur · Indian Overseas Bank · Corporation Bank · Bank of India · The Bharat Co-operative Bank Limited · Standard Chartered Grindlays Bank Limited · The Vysya Bank Limited · United Bank of India · Punjab National Bank · Canara Bank · Kotak Mahindra Bank, Branch Vile Prale (East), Mumbai, Maharashtra, India · Axis Bank Limited, Branch Vile Prale (East), Mumbai, Maharashtra, India · IDBI Bank Limited, Branch Vile Prale (East), Mumbai, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Chartered Accountants |
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Address : |
201/203, Konark Classic, |
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PAN No. : |
AACPB0118L |
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Wholly Owned Subsidiary : |
·
Parle Biscuits Private Limited, India (CIN No.:
U15412MH1974PTC017797) |
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Subsidiaries : |
·
Arctic Biscuits Private Limited, Bangladesh ·
Pardee Foods Nigeria Limited, Nigeria ·
Parlite Foods SARL, Cameroon ·
Antarctic Biscuit Private Limited, Nepal ·
Equator Foods Private Limited, Ghana |
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Partnership Firm in which control exists : |
Parle Kisan Seva Kendra, India |
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Enterprises which are owned, or have significant influence of or are partners
with Key management personnel and their relatives : |
·
Apex Packaging Private Limited, India (CIN No.:
U21000MH1985PTC037081) ·
SMS Packaging Private Limited, India (CIN No.:
U26103MH2004PTC238881) |
CAPITAL STRUCTURE
AS ON 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
372900 |
Equity Shares |
Rs. 100/- each |
Rs.37.290 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
194100 |
Equity Shares |
Rs. 100/- each |
Rs.19.410 Millions |
|
|
|
|
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
19.410 |
19.410 |
19.410 |
|
(b) Reserves & Surplus |
2383.123 |
2330.581 |
2238.879 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2402.533 |
2349.991 |
2258.289 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
1533.709 |
1410.364 |
1071.407 |
|
(d) long-term provisions |
78.240 |
141.760 |
24.936 |
|
Total Non-current Liabilities (3) |
1611.949 |
1552.124 |
1096.343 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
148.870 |
|
(b) Trade payables |
1069.038 |
1191.916 |
1142.744 |
|
(c) Other current
liabilities |
639.585 |
545.323 |
583.534 |
|
(d) Short-term provisions |
242.206 |
138.753 |
39.519 |
|
Total Current Liabilities (4) |
1950.829 |
1875.992 |
1914.667 |
|
|
|
|
|
|
TOTAL |
5965.311 |
5778.107 |
5269.299 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
722.354 |
781.389 |
858.730 |
|
(ii) Intangible Assets |
0.612 |
0.498 |
0.000 |
|
(iii) Capital
work-in-progress |
119.486 |
109.404 |
61.772 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
223.577 |
759.977 |
702.435 |
|
(c) Deferred tax assets (net) |
64.927 |
72.765 |
44.704 |
|
(d) Long-term Loan and Advances |
692.747 |
608.781 |
686.109 |
|
(e) Other Non-current assets |
12.398 |
2.281 |
1.646 |
|
Total Non-Current Assets |
1836.101 |
2335.095 |
2355.396 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
2051.260 |
1200.780 |
744.966 |
|
(b) Inventories |
1110.201 |
1196.772 |
1371.568 |
|
(c) Trade receivables |
500.133 |
435.569 |
317.377 |
|
(d) Cash and cash
equivalents |
115.787 |
213.100 |
132.838 |
|
(e) Short-term loans and
advances |
327.133 |
382.535 |
335.312 |
|
(f) Other current assets |
24.696 |
14.256 |
11.842 |
|
Total Current Assets |
4129.210 |
3443.012 |
2913.903 |
|
|
|
|
|
|
TOTAL |
5965.311 |
5778.107 |
5269.299 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
20899.031 |
19865.214 |
18371.845 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
NA |
|
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
NA |
324.860 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
83.050 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
356.788 |
353.609 |
241.810 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
63.860 |
9.159 |
26.243 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Interim Dividend |
94.721 |
112.772 |
201.282 |
|
|
|
Final Dividend |
165.956 |
112.578 |
0.000 |
|
|
|
Corporate
Dividend tax |
43.570 |
36.557 |
33.430 |
|
|
|
Transfer to General Reserve |
35.700 |
37.000 |
24.182 |
|
|
BALANCE CARRIED
TO THE B/S |
80.701 |
63.861 |
9.159 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods on F.O.B basis |
1355.172 |
1310.452 |
973.810 |
|
|
|
Royalty |
0.000 |
9.714 |
12.848 |
|
|
|
Other income |
0.000 |
0.000 |
0.013 |
|
|
TOTAL EARNINGS |
1355.172 |
1320.166 |
986.671 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
193.672 |
593.173 |
|
|
|
Stores & Spares |
|
3.253 |
0.253 |
|
|
|
Capital Goods |
|
0.794 |
3.087 |
|
|
|
Packing Materials |
|
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
197.719 |
596.513 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1838.17 |
1949.03 |
1287.48 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
1.77 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
7.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00
|
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.12
|
1.84
|
1.52 |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE: Registered Office of the company has been
shifted from V.S. Khandekar Marg, Vile Parle (East), Mumbai – 400 057,
Maharashtra, India to the present address w.e.f. 12.09.2007
OPERATIONS:
Sales for the year is Rs.20899.031 Millions as compared to previous
year’s sales of Rs.19865.214 Millions showing an increase of 5.20% in sales.
PROSPECTS:
Operations so far this year are satisfactory and we hope to improve
sales in the current year.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10346700 |
14/03/2012 |
100,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI - 400005, MAHARASHTRA, INDIA |
B36494409 |
|
2 |
10133421 |
24/12/2012 * |
1,500,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B64976541 |
|
3 |
90161592 |
27/01/1981 |
4,000,000.00 |
BANK OF BARODA |
WORLI BRANCH, BOMABY, MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
Intangible Assets
·
Goodwill, Trademark and Patent Rights
Tangible Assets
·
Land
·
Buildings
·
Plant and Machinery
·
Furniture, Fixtures and Office Equipment
·
Vehicles
Owned Assets Leased out
·
Buildings
·
Plant and Machinery
Assets on lease
·
Land
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.61.69 |
|
|
1 |
Rs.101.08 |
|
Euro |
1 |
Rs.84.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
66 |
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.