1. Summary Information
|
|
|
Country |
India |
|
Company Name |
MANIPAL TECHNOLOGIES LIMITED |
Principal Name 1 |
Mr. Tonse Satish Upendra Pai |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Tonse Guatham Pai |
|
|
|
Registration # |
08-026222 |
|
Street Address |
Udayavani Building, Press Corner, Manipal – 576104, Karnataka, India |
||
|
Established Date |
13.01.2000 |
SIC Code |
-- |
|
Telephone# |
91-820-2571121/
2571151 |
Business Style 1 |
Providing
Printing Related Services |
|
Fax # |
91-820-2570131/
2571162 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.127,779,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings - 34.27% Bodies corporate - 58.44% Directors or relatives of
directors - 7.29% |
Banking |
Syndicate
Bank |
|
Public Limited Corp. |
NO |
Business Period |
13 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(47) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates : |
-- |
Manipal Media Network Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
2,530,778,000 |
Current Liabilities |
1,136,618,000 |
|
Inventories |
654,100,000 |
Long-term Liabilities |
3,172,976,000
|
|
Fixed Assets |
3,255,226,000 |
Other Liabilities |
228,748,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
4,538,342,000 |
|
Invest& other Assets |
494,296,000 |
Retained Earnings |
2,268,279,000 |
|
|
|
Net Worth |
2,396,058,000 |
|
Total Assets |
6,934,400,000 |
Total Liab. & Equity |
6,934,400,000 |
|
Total Assets (Previous Year) |
6,702,488,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
4,063,570,000 |
Net Profit |
39,209,000 |
|
Sales(Previous yr) |
3,464,108,000 |
Net Profit(Prev.yr) |
33,213,000 |
MIRA
INFORM REPORT
|
Report Date : |
07.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
MANIPAL TECHNOLOGIES LIMITED (w.e.f. 23.05.2011) |
|
|
|
|
Formerly Known
As : |
MANIPAL PRESS LIMITED (w.e.f. 04.04.2000) MANIPAL PRESS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Udayavani Building, Press Corner, Manipal – 576104, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
13.01.2000 |
|
|
|
|
Com. Reg. No.: |
08-026222 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.127.779 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219KA2000PLC026222 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRM05742C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM9516H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing
Printing Related Services. |
|
|
|
|
No. of Employees
: |
Not Available |
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 9580000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Sales and profit of the company has increased in 2013. Company is
performing well. Trade relations reported to be fair. Business is active. Payment terms
are reported to be usually correct. The company can be considered 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB- (Long Term Rating) |
|
Rating Explanation |
Moderate credit quality and average credit
risk. |
|
Date |
January 30, 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 DENIED
Management Non-Cooperative (91-820-2571151)
LOCATIONS
|
Registered Office/ Head
Office : |
Udayavani Building, Press Corner, Manipal – 576104, Karnataka, India |
|
Tel. No.: |
91-820-2571121/ 2571151/52/53/54/55/
2571149/59 |
|
Fax No.: |
91-820-2570131/
2571162/ 70563/ 2571380 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
50000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Offices
: |
Located at : ·
·
Chennai
·
·
·
Mumbai
·
·
·
Chennai
·
Kolkata
·
Gurgaon |
DIRECTORS
As on: 25.09.2013
|
Name : |
Mr. Tonse Satish Upendra Pai |
|
Designation : |
Director |
|
Address : |
No.38, Anant Nagar, Manipalv, Udupi – 576104, Karnataka, India |
|
Date of Birth/Age : |
26.11.1941 |
|
Qualification : |
S.S.L.C |
|
Date of Appointment : |
13.01.2000 |
|
DIN No.: |
00104361 |
|
|
|
|
Name : |
Mr. Tonse Guatham Pai |
|
Designation : |
Managing Director |
|
Address : |
38, Ananthnagar, Manipal, Udupi – 576104, Karnataka, India |
|
Date of Birth/Age : |
26.09.1974 |
|
Qualification : |
B.E |
|
PAN No.: |
ACZPP1142R |
|
Date of Appointment : |
01.11.2011 |
|
DIN No.: |
00120314 |
|
|
|
|
Name : |
Mr. Perdoor Vaman Mallya |
|
Designation : |
Director |
|
Address : |
D63C, Ananth Nagar II Stage, Udupi, Manipal – 576104, Karnataka, India |
|
Date of Birth/Age : |
31.08.1948 |
|
Qualification : |
FCA |
|
Date of Appointment : |
25.01.2000 |
|
DIN No.: |
00120272 |
|
|
|
|
Name : |
Mr. Prabhakara Dayananda Kamath |
|
Designation : |
Director |
|
Address : |
Shivaprabha, Katapady, Katapady, Udupi – 576105, Karnataka, India |
|
Date of Birth/Age : |
21.04.1966 |
|
Qualification : |
FCA |
|
Date of Appointment : |
25.01.2000 |
|
DIN No.: |
00935434 |
|
|
|
|
Name : |
Mr. Sachin Tonse Pai |
|
Designation : |
Director |
|
Address : |
14, Ananthnagar, Manipal, Udupi – 576104, Karnataka, India |
|
Date of Birth/Age : |
10.03.1976 |
|
Qualification : |
M.B.A |
|
Date of Appointment : |
16.04.2004 |
|
DIN No.: |
00795780 |
|
|
|
|
Name : |
Mr. Giulio Olivotto |
|
Designation : |
Nominee director |
|
Address : |
VIA GM Brunori, 45, Monteviale VI, Monteviale VI, Italy 36050 |
|
Date of Birth/Age : |
24.11.1945 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
28.07.2007 |
|
DIN No.: |
01595753 |
|
|
|
|
Name : |
Mr. John Charles Fowler |
|
Designation : |
Director |
|
Address : |
825 N Prospect Ave, Unit 1801, Milwaukee, Wi Milwaukee – 53202, USA |
|
Date of Birth/Age : |
26.07.1950 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
06367208 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 25.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
T. Mohandas Pai |
|
40500 |
|
T. Satish U. Pai |
|
170904 |
|
Ramdas Madhav Pai
|
|
190128 |
|
T. Narayana Pai |
|
81000 |
|
T. Ashok Pai |
|
186474 |
|
T. Gautam Pai |
|
3314 |
|
Manipal
Prakashana Private Limited, India |
|
1215000 |
|
T. Sachin Pai |
|
6000 |
|
Sandhya S. Pai |
|
174064 |
|
T. Gayathri Pai |
|
23436 |
|
K. Kamalaksha Pai |
|
5450 |
|
Rajan Ramdas Pai |
|
7026 |
|
Vasanthi Ramdas
Pai |
|
14064 |
|
Sharath
Investment Company Private Limited, India |
|
47808 |
|
Shivalli
Investment Company Private Limited, India |
|
88128 |
|
T Sunil Pai |
|
7032 |
|
T Sanjay pai |
|
9375 |
|
T. Narayan Pai
and Mrs. Vijaylaxmi N. Pai |
|
8202 |
|
T. Satish U. Pai
HUF |
|
3750 |
|
Manipal Media
Network Limited, India |
|
6117087 |
|
Legoprint Spa,
taly |
|
2246170 |
|
Simest SPA, Italy |
|
600000 |
|
Quad Graphics Mauritius
Limited, Italy |
|
1533000 |
|
|
|
|
|
Total |
|
12777912 |
Equity Share Break up (Percentage of Total Equity)
As on: 25.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
34.27 |
|
Bodies corporate |
|
58.44 |
|
Directors or relatives of directors |
|
7.29 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing
Printing Related Services. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Nod Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
· Syndicate Bank, Manipal Main Branch, Manipal - 576104, Karnataka, India · ING Vysya Bank Limited, 22, Ground Floor, ING Vysya House, M.G. Road, Bangalore - 560001, Karnataka, India · The South Indian Bank, Udupi Branch, Udupi - 576102, Karnataka, India · Union Bank of India, K.H. Road, Bangalore - 560027, Karnataka, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sriramulu Naidu
and Company Chartered
Accountants |
|
Address : |
2nd
Floor, Rambhavan Complex, Kodialbail, Mangalore - Manipal, |
|
PAN No.: |
AAVFS3877R |
|
|
|
|
Name : |
Pai Nayak and Associates Chartered
Accountants |
|
Address : |
III Floor, Raaj Towers, Near City Bus Stand, Udupi – 571001,
Karnataka, India |
|
PAN No.: |
AAEFP5516E |
|
|
|
|
Associates : |
· Manipal Media Network Limited CIN No.: U22221KA1948PLC001159 · Manipal Prakashan Limited CIN No.:U02212KA1980PLC004010 · Sharath Investments Private Limited CIN No.:U65910KA1983PTC005626 · Manipal Thomas Greg Press Private Limited CIN No.:U22211KA1999PTC024806 · Genesis Packaging Private Limited CIN No.:U28992KA2007PTC041395 · Manipal Logistics Private Limited CIN No.:U74900KA2010PTC053146 · TGS Card Solution, Mexico |
|
|
|
|
Subsidiary Company
: |
· Universal Print Systems Limited CIN No.:L22213TN1995PLC031845 · MCT Cards and Technology Private Limited CIN No.:U72900KA2008PTC045316 · Manipal Business Solutions Private Limited CIN No.:U72200KA2009PTC050532 · Manipal Energy and Infratech Limited CIN No.:U40108KA2011PLC056610 · Manipal Digital Systems Private Limited CIN No.:U22300KA2007PTC041394 · Private Limited Manipal International Printing Press Limited |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
5000000 |
Preference Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.250.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12777912 |
Equity Shares |
Rs.10/- each |
Rs.127.779 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
127.779 |
127.779 |
|
(b) Reserves & Surplus |
|
2268.279 |
2229.069 |
|
(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) |
|
2396.058 |
2356.848 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1498.531 |
1781.216 |
|
(b) Deferred tax liabilities (Net) |
|
228.748 |
203.286 |
|
(c) Other long term liabilities |
|
0.810 |
0.810 |
|
(d) long-term provisions |
|
0.000 |
2.173 |
|
Total Non-current
Liabilities (3) |
|
1728.089 |
1987.485 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1674.445 |
1206.116 |
|
(b) Trade payables |
|
498.623 |
421.474 |
|
(c) Other current liabilities |
|
637.185 |
730.565 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
|
2810.253 |
2358.155 |
|
|
|
|
|
|
TOTAL |
|
6934.400 |
6702.488 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
3255.226 |
3142.991 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
54.203 |
108.129 |
|
(iv) Intangible assets under development |
|
64.249 |
51.556 |
|
(b) Non-current Investments |
|
375.844 |
333.420 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
132.215 |
108.423 |
|
(e) Other Non-current assets |
|
76.721 |
62.757 |
|
Total Non-Current
Assets |
|
3958.458 |
3807.276 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
654.100 |
532.349 |
|
(c) Trade receivables |
|
1148.243 |
1114.778 |
|
(d) Cash and cash equivalents |
|
842.459 |
857.117 |
|
(e) Short-term loans and advances |
|
299.171 |
354.547 |
|
(f) Other current assets |
|
31.969 |
36.421 |
|
Total Current
Assets |
|
2975.942 |
2895.212 |
|
|
|
|
|
|
TOTAL |
|
6934.400 |
6702.488 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
94.872 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1311.186 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1406.058 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3329.522 |
|
|
2] Unsecured Loans |
|
|
34.357 |
|
|
TOTAL BORROWING |
|
|
3363.879 |
|
|
DEFERRED TAX LIABILITIES |
|
|
186.082 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4956.019 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2984.538 |
|
|
Capital work-in-progress |
|
|
158.359 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
237.133 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
501.308
|
|
|
Sundry Debtors |
|
|
862.572
|
|
|
Cash & Bank Balances |
|
|
100.777
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
468.787
|
|
Total
Current Assets |
|
|
1933.444
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
320.601
|
|
|
Other Current Liabilities |
|
|
34.681
|
|
|
Provisions |
|
|
2.173
|
|
Total
Current Liabilities |
|
|
357.455
|
|
|
Net Current Assets |
|
|
1575.989
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4956.019 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4063.570 |
3464.108 |
3139.259 |
|
|
|
Other Income |
124.885 |
32.685 |
88.741 |
|
|
|
TOTAL (A) |
4188.455 |
3496.793 |
3228.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1802.463 |
1652.801 |
-- |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(29.473) |
(15.867) |
-- |
|
|
|
Consumption materials changes inventories |
-- |
-- |
1575.673 |
|
|
|
Manufacturing service costs |
-- |
-- |
456.017 |
|
|
|
Employee related expenses |
-- |
-- |
267.106 |
|
|
|
Administrative selling other expenses |
-- |
-- |
351.480 |
|
|
|
Employee benefit expense |
366.526 |
327.042 |
-- |
|
|
|
Other expenses |
1327.520 |
877.840 |
-- |
|
|
|
Prior period items |
0.771 |
1.850 |
35.414 |
|
|
|
Exceptional items |
60.361 |
67.559 |
-- |
|
|
|
TOTAL (B) |
3528.168 |
2911.225 |
2685.690 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
660.287 |
585.568 |
542.310 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
388.328 |
328.883 |
301.267 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
271.959 |
256.685 |
241.043 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
207.292 |
206.267 |
171.676 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
64.667 |
50.418 |
69.367 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
25.458 |
17.205 |
17.473 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
39.209 |
33.213 |
51.894 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
515.937 |
482.724 |
430.830 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
555.146 |
515.937 |
482.724 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods calculated on F.O.B. basis |
74.300 |
34.400 |
58.982 |
|
|
TOTAL EARNINGS |
74.300 |
34.400 |
58.982 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
|
|
149.517 |
|
|
|
Stores & Spares |
|
|
14.538 |
|
|
|
Capital Goods |
|
|
15.126 |
|
|
TOTAL IMPORTS |
NA |
NA |
179.181 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.07 |
3.36 |
11.41 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.94 |
0.95 |
1.61 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.59 |
1.46 |
2.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.97 |
0.81 |
1.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.02 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.32 |
1.27 |
2.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06 |
1.23 |
5.41 |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
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 |
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 |
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 |
Yes |
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Factory Equipments
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer 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
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
VRN |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
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.