|
Report Date : |
07.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
AKRY ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-318, Ahura Centre, 82 Mahakali Caves Road, Andheri (East), Mumbai -
400093, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
08.04.1993 |
|
|
|
|
Com. Reg. No.: |
11-071527 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.800 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1993PTC071527 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA20203B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA6005E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Ethylene Glycols. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1870000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Management of the company has filed its financial for the year 2013
with the government department same is not available with us. There appears drastic dip in the profitability during 2012. However,
general financial position seems to be satisfactory. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for normal for business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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
|
Registered Office : |
A-318, Ahura Centre, 82 Mahakali Caves Road, Andheri (East), Mumbai
-400093, Maharashtra, India |
|
Tel. No.: |
91-22-30863372/ 30863356 |
|
Mobile No.: |
91-9820361615 (Mr. Pratik Kamlesh Sanghavi) |
|
Fax No.: |
91-22-30863350 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 20 and 21, MIDC, Tarapur, Boisar, Palghar – 401506, Thane,
Maharashtra, India |
|
Tel. No.: |
91-2525-324455 |
|
Fax No.: |
91-2525-274452 |
|
|
|
|
Branch Office : |
302 Parshva Chambers, 17/21 Issaji Street, Vadgadi, Mumbai – 400003,
Maharashtra, India |
|
Tel. No.: |
91-22-32552336 |
|
Fax No.: |
91-22-23447472 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Kamlesh Ramanlal Sanghavi |
||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||
|
Address : |
Anupam, 10 Ansari Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.05.1953 |
||||||||||||||||||||||||||||||||
|
Qualification : |
B.Sc. |
||||||||||||||||||||||||||||||||
|
Experience : |
28 Years |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
08.04.1993 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
AAFPS9315P |
||||||||||||||||||||||||||||||||
|
DIN No.: |
01095263 |
||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Daksha Kamlesh Sanghavi |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
Anupam, 10 Ansari Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.07.1958 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.06.1993 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
AAFPS9314P |
||||||||||||||||||||||||||||||||
|
DIN No.: |
01095274 |
||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mitul Kamlesh Sanghavi |
||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||
|
Address : |
Anupam, 10 Ansari Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.11.1980 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2004 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
AKJPS2266F |
||||||||||||||||||||||||||||||||
|
DIN No.: |
01095282 |
||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Pratik Kamlesh Sanghavi |
||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||
|
Address : |
Anupam, 10 Ansari Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.01.1984 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2006 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
ARCPS5470M |
||||||||||||||||||||||||||||||||
|
DIN No.: |
01095287 |
||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Equity Shareholders |
|
No. of Shares |
|
Kamlesh Ramanlal Sanghavi |
|
120000 |
|
Daksha Kamlesh Sanghavi |
|
110000 |
|
Mitul Kamlesh Sanghavi |
|
25000 |
|
Pratik Kamlesh Sanghavi |
|
25000 |
|
|
|
|
|
Total |
|
280000 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Kamlesh Ramanlal Sanghavi |
|
500 |
|
Daksha Kamlesh Sanghavi |
|
49000 |
|
Mitul Kamlesh Sanghavi |
|
500 |
|
|
|
|
|
Total |
|
50000 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Ethylene Glycols. |
||||
|
|
|
||||
|
Products/ Services : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Glycols |
Kgs |
NA |
30000000 |
19776480 |
|
|
|
|
|
|
Note:
a) The Licensed and Installed Capacities are as certified by the Management
and relied upon by the Auditors being a technical matter.
b) Actual production includes for captive consumption of 2600625 (2512985) Kgs
of Finished good and excluding production of Finished and Semi Finished Goods
17220 (13020) Kgs processed by third parties.
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
250 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· State Bank of India, 70/80, M G Road, Mumbai – 400023, Maharashtra, India · The Hongkong and Shanghai Banking Corporation Limited, 52/60, Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra, India · Citi Bank N.A., Bandra-Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India · The Ratnakar Bank Limited, Shahupuri, Kolhapur, Kolhapur - 416001, Maharashtra, India · Standard Chartered Bank, 90, M G Road, Fort, Mumbai – 40001, Maharashtra, India · Bank of India, Mumbai Mid Corporate Branch, 70/80, M.G. Road, Bank of India Building, Mezzanine Floor, Fort, Mumbai - 400001, Maharashtra, India · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India · Commonwealth Bank of America, Level 2, Hoechst House, Nariman Point, Mumbai – 400021, Maharashtra, India · ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Garg and Company Chartered Accountants |
|
Address : |
413/415, Hind Rajasthan Building, Dada Saheb Phalke Road, Dadar
(East), Mumbai – 400028, Maharashtra, India |
|
Tel. No.: |
91-22-24112575 |
|
Income-tax PAN
of auditor or auditor's firm : |
AABPG4441L |
|
|
|
|
Subsidiary Company : |
Authentic Petro Products Limited [U24100MH1990PLC058352] |
|
|
|
|
Associate : |
Icon Organics Private Limited |
|
|
|
|
Enterprises
having same Key Management Personal and /or their relatives as the reporting
enterprises: |
·
Crest Chemicals ·
Akry Rasayan ·
Efforts Chemicals |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
Rs. 10/- each |
Rs. 7.000 Millions |
|
50000 |
Preference Shares |
Rs. 10/- each |
Rs. 0.500 Million |
|
|
Total |
|
Ra. 7.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
280000 |
Equity Shares |
Rs.10/- each |
Rs. 2.800 Millions |
|
50000 |
Preference Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
Total |
|
Rs. 3.300
Millions |
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28000 |
Equity Shares |
Rs.100/- each |
Rs. 2.800 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2.800 |
2.800 |
|
(b) Reserves & Surplus |
|
465.855 |
436.602 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
468.655 |
439.402 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
163.987 |
205.541 |
|
(b) Deferred tax liabilities (Net) |
|
6.010 |
7.371 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
169.997 |
212.912 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
554.014 |
295.604 |
|
(b)
Trade payables |
|
213.140 |
152.325 |
|
(c) Other
current liabilities |
|
126.388 |
133.952 |
|
(d) Short-term
provisions |
|
0.868 |
0.694 |
|
Total Current
Liabilities (4) |
|
894.410 |
582.575 |
|
|
|
|
|
|
TOTAL |
|
1533.062 |
1234.889 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
138.515 |
139.397 |
|
(ii)
Intangible Assets |
|
0.431 |
0.199 |
|
(iii)
Capital work-in-progress |
|
319.660 |
212.851 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
30.122 |
31.667 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
11.328 |
35.442 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
500.056 |
419.556 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.762 |
27.102 |
|
(b)
Inventories |
|
628.486 |
422.703 |
|
(c)
Trade receivables |
|
256.457 |
214.794 |
|
(d) Cash
and cash equivalents |
|
0.710 |
7.708 |
|
(e)
Short-term loans and advances |
|
146.588 |
142.997 |
|
(f)
Other current assets |
|
0.003 |
0.029 |
|
Total
Current Assets |
|
1033.006 |
815.333 |
|
|
|
|
|
|
TOTAL |
|
1533.062 |
1234.889 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.800 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
361.871 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
364.671 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
147.581 |
|
|
2] Unsecured Loans |
|
|
67.374 |
|
|
TOTAL BORROWING |
|
|
214.955 |
|
|
DEFERRED TAX LIABILITIES |
|
|
5.726 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
585.352 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
152.491 |
|
|
Capital work-in-progress |
|
|
46.831 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
33.617 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
134.107
|
|
|
Sundry Debtors |
|
|
197.107
|
|
|
Cash & Bank Balances |
|
|
16.316
|
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
97.615
|
|
Total
Current Assets |
|
|
445.145
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
92.533
|
|
|
Other Current Liabilities |
|
|
0.199
|
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
92.732
|
|
|
Net Current Assets |
|
|
352.413
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
585.352 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
916.940 |
|
|
|
Other Income |
NA |
NA |
0.000 |
|
|
|
TOTAL |
NA |
NA |
916.940 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
690.726 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
62.820 |
140.844 |
226.214 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
18.929 |
21.468 |
23.725 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
43.891 |
119.376 |
202.489 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
14.639 |
44.645 |
63.740 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
29.252 |
74.731 |
138.749 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
432.528 |
357.797 |
219.048 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
461.780 |
432.528 |
357.797 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
139.763 |
170.420 |
127.800 |
|
|
|
Freight recovered on Sales |
4.083 |
7.238 |
0.000 |
|
|
TOTAL EARNINGS |
143.846 |
177.658 |
127.800 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
413.096 |
382.520 |
85.679 |
|
|
|
Trading Goods |
0.000 |
24.874 |
16.380 |
|
|
|
Consumables |
0.000 |
1.807 |
0.000 |
|
|
TOTAL IMPORTS |
413.096 |
409.201 |
102.059 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1044.71 |
2669.00 |
4955.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
15.13 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
22.08 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.71
|
12.05
|
33.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.27
|
0.56 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.53
|
1.14
|
0.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15
|
1.40
|
4.80 |
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
one year |
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 |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10449648 |
07/09/2013 |
115,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
B85247377 |
|
2 |
10439955 |
29/07/2013 * |
140,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL [WEST], MUMBAI - 400013, MAHARASHTRA,
INDIA |
B81235954 |
|
3 |
10444561 |
24/05/2013 * |
90,000,000.00 |
THE RATNAKAR
BANK LIMITED |
SHAHUPURI,
KOLHAPUR - 416001, MAHARASHTRA, INDIA |
B83582445 |
|
4 |
10406287 |
24/05/2013 * |
30,000,000.00 |
THE RATNAKAR
BANK LIMITED |
SHAHUPURI, KOLHAPUR
- 416001, MAHARASHTRA, INDIA |
B76799774 |
|
5 |
10346583 |
07/03/2012 |
100,000,000.00 |
INDUSIND BANK
LIMITED |
GROUND FLOOR,
HOTEL PANCHMAHAL CHOMPLEX, KODIALBAIL, MANGALORE- 575003, KARNATAKA, INDIA |
B36669620 |
|
6 |
10308104 |
31/08/2011 |
38,000,000.00 |
CITIBANK N.A. |
8TH FLOOR,
NIRLON KNOWLEDGE PARK, BLOCK NO.B-7, |
B21429162 |
|
7 |
10330031 |
31/07/2013 * |
120,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI - 400018,
MAHARASHTRA, INDIA |
B82678228 |
|
8 |
10274980 |
21/03/2011 |
150,000,000.00 |
STANDARD
CHARTERED BANK |
90, M G ROAD,
FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
B08855603 |
|
9 |
10266947 |
17/01/2011 |
176,000,000.00 |
DBS BANK LIMITED |
221, FORT HOUSE,
3RD FLOOR, D.N.ROAD, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
B05496203 |
|
10 |
10232845 |
06/08/2010 |
40,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND
FLOOR, G BLOCK, PLOT NO. C 60, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI -
400051, MAHARASHTRA, INDIA |
A91029652 |
|
11 |
10150597 |
25/06/2013 * |
150,000,000.00 |
DBS BANK LIMITED |
3RD FLOOR, FORT HOUSE,
DR. D N ROAD, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
B78512662 |
|
12 |
10056896 |
29/07/2011 * |
120,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL [WEST], MUMBAI - 400013, MAHARASHTRA,
INDIA |
B18194464 |
|
13 |
90160384 |
11/08/2011 * |
35,000,000.00 |
BANK OF INDIA |
MUMBAI MID
CORPORATE BRANCH, 70/80, M.G. ROAD, BANK OF INDIA BUILDING, MEZZANINE FLOOR,
FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
B20769964 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Deferred sales tax loan |
49.767 |
51.590 |
|
Loans and advances from related parties |
2.351 |
3.505 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand |
22.626 |
20.439 |
|
|
|
|
|
Total |
74.744 |
75.534 |
CHANGE OF ADDRESS:
The Registered office of the company has been shifted from 302, Parshva Chambers,
17/21, Issaji Street, Vadgadi, Mumbai - 400003, Maharashtra, India to
the present address w.e.f.07.04.2010
CONTINGENT LIABILITIES NOT PROVIDED IN RESPECT OF
(AS ON 31.03.2012):
a) Bank Guarantee and Letter of Credit issued by banks outstanding
Rs.27.980 Millions
b) Income Tax Demand due to pending rectification by A.O. as per
direction given by appellant authority Rs.2.310 Millions
c) Custom duty which may arise if obligation of export is not fulfilled against
import of Raw Material and Consumable goods Nil
d) The Company has taken key man Insurance policy for an annual premium
of Rs.1.525 Millions to be paid up to 2020-2021.
FIXED ASSETS:
· Leasehold Land
· Buildings
· Plant and Machinery
· Furniture and Fixtures
· Vehicle
· Electrical Installation
· Office Equipments
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. 61.67 |
|
|
1 |
Rs. 100.65 |
|
Euro |
1 |
Rs. 84.25 |
INFORMATION DETAILS
|
Report Prepared by
: |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.