MIRA
INFORM REPORT
|
Report Date : |
19.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMBUJA INTERMEDIATES LIMITED (w.e.f. 19.09.2011) |
|
|
|
|
Formerly Known
As : |
AMBUJA INTERMEDIATES PRIVATE LIMITED (w.e.f. 25.07.2005) AMBUJA INTERMEDIATE PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A/901, Nar Narayan Complex, Near Navrangpura Bus Stop, Off C.G. Road,
Navrangpura, Ahmedabad – 380009, Gujarat |
|
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|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
10.08.1988 |
|
|
|
|
Com. Reg. No.: |
04-011091 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 123.250 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ1988PLC011091 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMA02216E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA1236B |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
Manufacturer of Dyestuff. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1500000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having a satisfactory track record. Profitability of the company seems to be fair. General financial position
of the company appears to be sound and healthy. Trade relation are fair. Business is active. Payment terms are 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 |
CARE |
|
Rating |
BBB- (Long Term Bank Facilities) |
|
Rating Explanation |
Moderate degree at safety and moderate credit risk. |
|
Date |
08.10.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
A3 (Short Term Bank Facilities) |
|
Rating Explanation |
Moderate degree at safety and higher credit risk. |
|
Date |
08.10.2013 |
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.
LOCATIONS
|
Registered Office/ Registered Headquarter Office : |
A/901, Nar Narayan Complex, Near Navrangpura Bus Stop, Off C.G. Road,
Navrangpura, Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
91-79-26427576/ 26427666 |
|
Fax No.: |
91-79-26426694 |
|
E-Mail : |
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|
Website : |
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|
Corporate Office/ Branch Office : |
133, Bhandari Street, Null Bazar, Mumbai – 400004, Maharashtra, India |
|
Tel. No.: |
91-22-42127777/ 23867792/ 23857141/ 23800058/ 23824143 |
|
Fax No.: |
91-22-23809797 |
|
E-Mail : |
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|
Factory : |
Chemical Complex Unit 1, 2, 3 and 4 Survey No.1152, Chhatral – Mehsana State Highway, Near Milton
Laminates, Village Rajpur, Taluka Kadi, District Mehsana – 382740, Gujarat,
India |
|
Tel. No.: |
91-2764-278403/ 278404 |
|
Fax No.: |
91-2764-278415 |
|
E-Mail : |
DIRECTORS
AS ON 16.08.2013
|
Name : |
Mr. Paragbhai Amarabhai Makwana |
|
Designation : |
Director |
|
Address : |
A-202, Parijat Jeevan Sahar CHS, Opposite Hotel Suresha Tarun Bharat,
Chakala, Andheri (East), Mumbai – 400099, Maharashtra, India |
|
Date of Birth/Age : |
14.11.1947 |
|
Date of Appointment : |
19.09.2011 |
|
DIN No.: |
00051227 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51909WB1965PLC026556 |
MERINO
INDUSTRIES LIMITED |
Nominee director |
21/07/2006 |
21/07/2006 |
03/07/2008 |
Active |
NO |
|
2 |
L24302RJ1976PLC001684 |
BANSWARA SYNTEX
LIMITED |
Nominee director |
14/12/2006 |
14/12/2006 |
19/06/2008 |
Active |
NO |
|
3 |
L45200MH2005PLC152061 |
KEC
INTERNATIONAL LIMITED |
Director |
31/01/2008 |
31/01/2008 |
21/08/2013 |
Active |
NO |
|
4 |
U74140GJ2008PTC053801 |
BELL PACIFIC
PROJEX PRIVATE LIMITED |
Director |
06/05/2008 |
06/05/2008 |
- |
Strike off |
NO |
|
5 |
U45200AP1981PLC038986 |
PROGRESSIVE
CONSTRUCTIONS LIMITED |
Additional
director |
30/06/2010 |
30/06/2010 |
30/09/2010 |
Active |
NO |
|
6 |
U24231GJ1988PLC011091 |
AMBUJA
INTERMEDIATES LIMITED |
Director |
19/09/2011 |
19/09/2011 |
- |
Active |
NO |
|
Name : |
Mr. Gambhirmal Ramanlal Shah |
|
Designation : |
Whole-time director |
|
Address : |
6, Jadav Bhuvan, 32, Dr. Ailson Street, V P Road, Mumbai – 400004,
Maharashtra, India |
|
Date of Birth/Age : |
01.04.1958 |
|
Date of Appointment : |
10.08.1998 |
|
DIN No.: |
00137528 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27310GJ1979PTC003535 |
AMBUJA METAL
INDUSTRIES PRIVATE LIMITED |
Director |
12/11/1981 |
12/11/1981 |
Active |
NO |
|
2 |
U24231GJ1988PLC011091 |
AMBUJA
INTERMEDIATES LIMITED |
Whole-time
director |
19/09/2011 |
10/08/1998 |
Active |
NO |
|
3 |
U15141GJ2004PTC044285 |
AMBUJA SOLVEX
PRIVATE LIMITED |
Director |
11/09/2004 |
11/09/2004 |
Active |
NO |
|
4 |
U51101MH2007PTC172377 |
NENAVA IMPEXX
PRIVATE LIMITED |
Director |
16/07/2007 |
16/07/2007 |
Strike off |
NO |
|
5 |
U40107MH2004PTC212657 |
SINEWAVE BIOMASS
POWER PRIVATE LIMITED |
Director |
02/05/2008 |
02/05/2008 |
Active |
NO |
|
6 |
U40101RJ2008PTC027275 |
MEGAA POWER
PROJECTS PRIVATE LIMITED |
Director |
29/08/2008 |
29/08/2008 |
Active |
NO |
|
7 |
U22120MH1996PTC099920 |
ELECTRA
MULTIMEDIA PRIVATE LIMITED |
Director |
15/06/2011 |
13/04/2011 |
Dissolved |
NO |
|
8 |
U72900MH1989PTC054265 |
FORTUNE INTECH
PRIVATE LIMITED |
Additional
director |
10/06/2011 |
10/06/2011 |
Active |
NO |
|
Name : |
Mr. Mahendrabhai Mohanlal Patel |
|
Designation : |
Whole-time director |
|
Address : |
16 Vishnu Hari Apartment, 18 Pushpkunj Society, Kanakaria, Ahmedabad –
380022, Gujarat, India |
|
Date of Birth/Age : |
22.12.1956 |
|
Date of Appointment : |
19.11.1999 |
|
DIN No.: |
00137602 |
Other Directorship:
|
S
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24231GJ1988PLC011091 |
AMBUJA
INTERMEDIATES LIMITED |
Whole-time
director |
19/09/2011 |
19/11/1999 |
Active |
NO |
|
2 |
U15141GJ2004PTC044285 |
AMBUJA SOLVEX
PRIVATE LIMITED |
Director |
11/09/2004 |
11/09/2004 |
Active |
NO |
|
3 |
L21010GJ1986PLC008772 |
RAINBOW PAPERS
LIMITED |
Additional
director |
21/10/2013 |
21/10/2013 |
Active |
NO |
|
Name : |
Mr. Lalit Tilokchand Shah |
|
Designation : |
Managing director |
|
Address : |
14/C, 7 Khanderao Block, Khotachi Wadi V P Road, Mumbai – 400004,
Maharashtra, India |
|
Date of Birth/Age : |
01.12.1973 |
|
Date of Appointment : |
10.07.1999 |
|
DIN No.: |
00144685 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24231GJ1988PLC011091 |
AMBUJA INTERMEDIATES
LIMITED |
Managing
director |
15/09/2011 |
10/07/1999 |
Active |
NO |
|
2 |
U24230GJ2005PTC045597 |
LONZA
PHARMACEUTICALS PRIVATE LIMITED |
Director |
02/03/2005 |
02/03/2005 |
Strike off |
NO |
|
3 |
U15141GJ2004PTC044285 |
AMBUJA SOLVEX PRIVATE
LIMITED |
Director |
30/09/2006 |
17/08/2006 |
Active |
NO |
|
4 |
U27310GJ1979PTC003535 |
AMBUJA METAL
INDUSTRIES PRIVATE LIMITED |
Director |
30/09/2006 |
17/08/2006 |
Active |
NO |
|
5 |
U51101MH2007PTC172377 |
NENAVA IMPEXX
PRIVATE LIMITED |
Director |
16/07/2007 |
16/07/2007 |
Strike off |
NO |
|
6 |
U40107MH2004PTC212657 |
SINEWAVE BIOMASS
POWER PRIVATE LIMITED |
Director |
02/05/2008 |
02/05/2008 |
Active |
NO |
|
7 |
U22120MH1996PTC099920 |
ELECTRA
MULTIMEDIA PRIVATE LIMITED |
Director |
15/06/2011 |
13/04/2011 |
Dissolved |
NO |
|
8 |
U72900MH1989PTC054265 |
FORTUNE INTECH
PRIVATE LIMITED |
Additional
director |
10/06/2011 |
10/06/2011 |
Active |
NO |
|
Name : |
Mr. Satyanarayan Bhaverlal Ajmera |
|
Designation : |
Director |
|
Address : |
Dr. Ajmera Clinic Shraddhavilla, Opposite Friend SO, Jawaharchawk
Sabarmati, Ahmedabad – 380005, Gujarat, India |
|
Date of Birth/Age : |
08.01.1952 |
|
Date of Appointment : |
19.09.2011 |
|
DIN No.: |
03609798 |
|
|
|
|
Name : |
Mr. Harinderpal Singh Kochar |
|
Designation : |
Director |
|
Address : |
B-8-61, Goyal Intercity, Drive In Road, Ahmedabad – 380054, Gujarat,
India |
|
Date of Birth/Age : |
06.08.1953 |
|
Date of Appointment : |
19.09.2011 |
|
DIN No.: |
03609845 |
KEY EXECUTIVES
|
Name : |
Ms. Samita Arora |
|
Designation : |
Secretary |
|
Address : |
C-73, Vishal Residency, Opposite Devpriya Bunglow II, Anandnagar To
Ramdev Nagar, Satelite, Ahmedabad – 380015, Gujarat, India |
|
Date of Appointment : |
01.09.2011 |
|
PAN No.: |
ANRPS3762N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 16.08.2013
Note: Shareholder
details file attached.
AS ON 16.08.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
2.35 |
|
Directors or relatives of Directors |
97.65 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Dyestuff. |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Production Own |
|
Dyes and Dye-Intermediates |
M.T. |
N.A. |
6,140.000 |
2,698.650 |
|
|
|
|
|
|
Note:
·
Installed Capacity is assessed by the management
and being a technical matter accepted by the Auditors as correct.
·
Production includes 1.005 M.T. of Dyes and
Dye-Intermediates produced on job-work basis with out-side parties.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
Bank of India, Ahmedabad Corporate Banking
Branch, 2nd Floor, Bank of India Building, Bhadra, Ahmedabad – 380
001, Gujarat, India · Bank of India, Ahmedabad Mid Corporate Branch 1st Floor, Bank of India Building Swastik Cross Roads Navrangpura, Ahmedabad - 380009, Gujarat, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shah Kantilal and Company Chartered Accountants |
|
Address : |
806, Mauryansh
Elanza, Near Parekh S Hospital, Shyamal Cross Road, Satellite, Ahmedabad –
380 015, Gujarat, India |
|
PAN No.: |
AAMFS3865K |
|
|
|
|
Subsidiaries : |
Ambuja Solvex Private Limited |
|
|
|
|
Associates : |
·
Ambuja Metal Industries Private Limited ·
Nenava metal corp. ·
Fortunre Enterprise |
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 |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12325000 |
Equity Shares |
Rs.10/- each |
Rs. 123.250
Millions |
|
|
|
|
|
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 |
123.250 |
123.250 |
61.000 |
|
(b) Reserves & Surplus |
259.962 |
208.469 |
232.892 |
|
(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) |
383.212 |
331.719 |
293.892 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
39.903 |
70.856 |
90.932 |
|
(b) Deferred tax liabilities (Net) |
52.826 |
56.822 |
57.973 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
3.438 |
2.722 |
2.226 |
|
Total Non-current Liabilities (3) |
96.167 |
130.400 |
151.131 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
398.402 |
366.087 |
278.116 |
|
(b) Trade payables |
132.292 |
64.487 |
41.585 |
|
(c) Other current
liabilities |
32.267 |
38.274 |
32.811 |
|
(d) Short-term provisions |
14.580 |
13.540 |
23.168 |
|
Total Current Liabilities (4) |
577.541 |
482.388 |
375.680 |
|
|
|
|
|
|
TOTAL |
1056.920 |
944.507 |
820.703 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
316.801 |
327.213 |
348.013 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
8.471 |
11.075 |
7.879 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
26.706 |
21.706 |
0.735 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.538 |
10.979 |
10.979 |
|
(e) Other Non-current assets |
5.171 |
5.171 |
0.000 |
|
Total Non-Current Assets |
357.687 |
376.144 |
367.606 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
192.504 |
130.051 |
113.764 |
|
(c) Trade receivables |
402.341 |
364.027 |
279.011 |
|
(d) Cash and cash
equivalents |
17.518 |
9.601 |
8.504 |
|
(e) Short-term loans and
advances |
86.870 |
64.684 |
51.818 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
699.233 |
568.363 |
453.097 |
|
|
|
|
|
|
TOTAL |
1056.920 |
944.507 |
820.703 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1670.163 |
1352.785 |
1210.000 |
|
|
|
Other Income |
55.153 |
51.240 |
34.553 |
|
|
|
TOTAL (A) |
1725.316 |
1404.025 |
1244.553 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
1183.243 |
1075.057 |
795.443 |
|
|
|
Employee benefits expenses |
36.859 |
27.155 |
23.338 |
|
|
|
Other Expenses |
377.306 |
262.118 |
276.655 |
|
|
|
Prior Period Items |
0.000 |
0.000 |
0.566 |
|
|
|
Changes in inventories of Finished goods, work in progress and stock
in trade |
(30.027) |
(70.246) |
12.259 |
|
|
|
TOTAL (B) |
1567.381 |
1294.084 |
1108.261 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
157.935 |
109.941 |
136.292 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
58.508 |
49.566 |
40.968 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
99.427 |
60.375 |
95.324 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
37.833 |
38.428 |
35.701 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
61.594 |
21.947 |
59.623 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
10.101 |
8.120 |
19.538 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
51.493 |
13.827 |
40.085 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
752.027 |
631.705 |
693.934 |
|
|
TOTAL EARNINGS |
752.027 |
631.705 |
693.934 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
183.178 |
88.081 |
137.531 |
|
|
|
Stores & Spares |
0.000 |
0.000 |
1.131 |
|
|
TOTAL IMPORTS |
183.178 |
88.081 |
138.662 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
4.18 |
1.47 |
13.14 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.98
|
0.98 |
3.22 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.69
|
1.62 |
4.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.03
|
2.41 |
7.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.07 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.14
|
1.32 |
1.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21
|
1.18 |
1.21 |
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 |
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) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
Yes |
COURT CASE
HIGH COURT OF GUJARAT
TAX APPEAL No. 1101 of 2010
OFFICE DETAILS
COURT PROCEEDINGS
AVAILABLE ORDERS
CERTIFIED COPY
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1|
Unsecured Loan |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
SHORT TERM
BORROWINGS |
|
|
|
Intercorporate Deposits |
4.152 |
15.000 |
|
Foreign Currency Term Loans from Others |
0.000 |
35.926 |
|
|
|
|
|
TOTAL |
4.152 |
50.926 |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10449210 |
14/09/2013 |
2,500,000.00 |
BANK OF INDIA |
VADAJ ROAD BRANCH, RESIDENT GARDEN FLATS,
NEAR US |
B85076388 |
|
2 |
10290478 |
16/09/2013 * |
635,100,000.00 |
BANK OF INDIA |
AHMEDABAD MID CORPORATE BRANCH 1ST FLOOR,
BOI BUI |
B85797710 |
|
3 |
80034289 |
16/09/2013 * |
635,100,000.00 |
BANK OF INDIA |
AHMEDABAD MID CORPORATE BRANCH 1ST FLOOR,
BOI BUI |
B85797629 |
|
* Date of charge modification |
||||||
FIXED ASSETS
·
Freehold Land
·
Leasehold Land
·
Building
·
Plant and Machinery
·
Wind Mill
·
Office Equipment
·
Furniture and Fixtures
·
Vehicles
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. 61.91 |
|
UK Pound |
1 |
Rs. 100.83 |
|
Euro |
1 |
Rs. 85.26 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
45 |
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.