1. Summary Information
|
|
|
Country |
India |
|
Company Name |
HD Fire Protect
Private Limited |
Principal Name 1 |
Mr. Harish Narshi Dharamshi |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Narendra Visanji Dharamshi |
|
|
|
Registration # |
11-107536 |
|
Street Address |
K – 98, Ajanta Road, Jalgaon – 425003, Maharashtra, India |
||
|
Established Date |
24.04.1997 |
SIC Code |
-- |
|
Telephone# |
91-257-2211996/ 2211876 |
Business Style 1 |
Manufacturing |
|
Fax # |
91-257-2212396 |
Business Style 2 |
Trading |
|
Homepage |
Product Name 1 |
Fire Fighting Equipments. |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.12,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors -98.08%, Others- 1.92% |
Banking |
Union Bank of India |
|
Public Limited Corp. |
No |
Business Period |
16 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Enterprise over which person covered under
category I above are able to exercise significant control: |
-- |
HD Fire Protect PTY Limited (Oversees Subsidiary) |
-- |
|
|
|
|
|
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
177,490,000 |
Current Liabilities |
88,175,000 |
|
Inventories |
95,335,000 |
Long-term Liabilities |
44,706,000 |
|
Fixed Assets |
69,654,000 |
Other Liabilities |
21,067,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
153,948,000 |
|
Invest& other Assets |
56,000 |
Retained Earnings |
176,087,000 |
|
|
|
Net Worth |
188,587,000 |
|
Total Assets |
342,535,000 |
Total Liab. & Equity |
342,535,000 |
|
Total Assets (Previous Year) |
357,816,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
739,764,000 |
Net Profit |
66,650,000 |
|
Sales(Previous yr) |
656,065,000 |
Net Profit(Prev.yr) |
40,604,000 |
MIRA
INFORM REPORT
|
Report Date : |
28.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
HD FIRE PROTECT PRIVATE LIMITED (w.e.f. 01.04.2005) |
|
|
|
|
Formerly Known
As : |
D.H. FIRE PROTECT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
K – 98, Ajanta Road, Jalgaon – 425003, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
24.04.1997 |
|
|
|
|
Com. Reg. No.: |
11-107536 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.12.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29270MH1997PTC107536 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKD01560G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD0020D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Fire Fighting Equipments. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 750000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having a satisfactory track
record. The company has seen a better increase in tis sales turnover as well
as net profitability during 2013. Trade relations are fair. Business is active. Payment terms are
reported as 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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current account
deficit narrowed in the quarter ended September as government measures to curb
imports, especially gold, kicked in. The current account deficit, the
excess of a country’s imports of goods and services over exports, narrowed to $
5.2 billion from $ 21 billion in the year ago period, according to provisional
Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for
the year will be less than $ 60 billion or 3 per cent of GDP and the latest
data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million worth
of mobile-phone-based transactions by July 2013 compared to Rs.260 million in
September, 2012, according to Deloitte report. The number of transactions has
shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating cash credit: BB+ (Suspended) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
18.02.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A4+ (Suspended) |
|
Rating Explanation |
Minimal degree pf safety and very high credit risk. |
|
Date |
18.02.2013 |
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/ Factory : |
K – 98, MIDC, |
|
Tel. No.: |
91-257-2211996/ 2211876 |
|
Fax No.: |
91-257-2212396 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
C – 3/6, The Nandanvan Industrial Estate, LBS Marg, Thane – 400604,
Maharashtra, India |
|
Tel. No.: |
91-22-25826958/
25826793/ 25821354 |
|
Fax No.: |
91-22-25812524/ 55969049/ 67969049 |
|
|
|
|
Sales office : |
Pt. Trimita Wujud Rekanusa,
Jl. Gunung Sahari Raya 51/8, |
|
Tel No.: |
91-21-4227632 |
|
E- Mail : |
|
|
|
|
|
Regional Office : |
Located
at ·
·
Chennai |
|
|
|
|
Overseas Office : |
Located at ·
|
DIRECTORS
(AS ON 07.09.2013)
|
Name : |
Mr. Harish Narshi Dharamshi |
|
Designation : |
Managing Director |
|
Address : |
901, Rajyog Residency, Dr. Rajendra Prasad Road, Mulund (West), Mumbai
– 400080, Maharashtra, India |
|
Date of Birth/Age : |
12.02.1954 |
|
Qualification : |
B.E. (Mech.) |
|
Date of Appointment : |
01.04.2005 |
|
DIN No. : |
00033062 |
|
|
|
|
Name : |
Mr. Narendra Visanji Dharamshi |
|
Designation : |
Chairman |
|
Address : |
A/20, Madhur Milan, 3rd Floor, Mulund (West), R P Road,
Mumbai – 400 080, Maharashtra, India |
|
Date of Birth/Age : |
11.05.1952 |
|
Date of Appointment : |
24.04.1997 |
|
DIN No. : |
00026005 |
|
|
|
|
Name : |
Mr. Sushil Laxmichand Shah |
|
Designation : |
Director |
|
Address : |
NIKET Banglow, Plot No. 32/1, Ganpati Nagar, Opposite Rotary
Hall, Road, Jalgaon – 425001,
Maharashtra, India |
|
Date of Birth/Age : |
03.07.1961 |
|
Date of Appointment : |
24.04.1997 |
|
DIN No. : |
00032719 |
|
|
|
|
Name : |
Mr. Miheer Sadanad Ghotikar |
|
Designation : |
Director |
|
Address : |
G-1, Gopal Vishnu Society, 31, |
|
Date of Birth/Age : |
03.10.1981 |
|
Date of Appointment : |
01.01.2010 |
|
DIN No. : |
02865076 |
|
|
|
|
Name : |
Mr. Anik Narendra Dharamhi |
|
Designation : |
Director |
|
Address : |
A/20, Madhur Milan, Dr. Rajendra Prasad Road, Mulund (West), Mumbai –
400080, Maharashtra, India |
|
Date of Birth/Age : |
25.09.1983 |
|
Date of Appointment : |
01.01.2010 |
|
DIN No. : |
02153409 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 07.09.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Narendra Visanji Dharamshi |
|
5000 |
|
Sushil Laxmichand Shah |
|
5000 |
|
Bharati Sushil Shah |
|
550 |
|
Sushil Shah as a Karta of Sushil Laxmichand Shah HUF |
|
1000 |
|
Hiren Dharmashi as a Karta of Hiren Dharmashi HUF |
|
1400 |
|
Frenal Rishi Lodaya |
|
700 |
|
Harish Narshi Dharamshi |
|
64790 |
|
Kusum Harish Dharamshi |
|
42260 |
|
Ratanbai Narshi Dharamshi and Kusum Harish Dharamshi |
|
100 |
|
Anik Narendra Dharamshi |
|
4000 |
|
Parika Miheer Ghotikar |
|
100 |
|
Miheer Sadanand Ghotikar |
|
100 |
|
|
|
|
|
Total |
|
125000 |
Equity Shares Break – up (AS ON 07.09.2013)
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
98.08 |
|
Others |
|
1.92 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Fire Fighting Equipments. |
|
|
|
|
Products : |
· Deluge Valve · Water Spray Nozzle, Medium and High Velocity · Pressure Gauge · Alarm Valve · Monitors · Monitor Solid Stream Nozzles · Monitor Master Stream Nozzle - Varsha 40 · Monitor Master Stream Nozzle - Varsha 50 · Monitor Master Stream Nozzle - Varsha 60 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Union Bank of India Sai Arcade, N. S. Road, Mumbai – 400 080, Maharashtra, India ·
Small Industries Development Bank of India 1 and 2, Dhanalaxmi Residency, Near Hotel Tip Top Plaza, L.B.S, Marg,
Thane 400602, Maharashtra, India · CITI Bank N.A. Trent House, 2nd Floor, G Block, Plot No.C.60, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N. Chandulal and Company Chartered Accountants |
|
Address : |
88-94, Big Three Building, Anandilal, Podar Marg, Dhobi Talao, Mumbai
– 400002, Maharashtra, India |
|
PAN : |
AAIPSO425R |
|
|
|
|
Name : |
Hitesh Dedhia and Company Chartered Accountants |
|
Address : |
17, Mulji Devesh Building, 116, Keshavji Nayak Road, Masjid Bunder,
Mumbai – 400009, Maharashtra, India |
|
PAN : |
AAIPD7912Q |
|
|
|
|
Enterprise over which person covered under category I above are able
to exercise significant control: |
HD Electronics (Partnership Firm) HD Fire Protect PTY Limited (Oversees Subsidiary) |
CAPITAL STRUCTURE
(AS ON 31.03.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
145000 |
Equity Shares with voting rights |
Rs.100/- each |
Rs.14.500 Millions |
|
5000 |
Equity Shares without voting rights
|
Rs.100/- each |
Rs.0.500 Million |
|
|
|
|
|
|
|
Total |
|
Rs.15.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125000 |
Equity Shares |
Rs.100/-
each |
Rs.12.500
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
12.500 |
|
(b) Reserves & Surplus |
|
|
176.087 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
188.587 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
30.103 |
|
(b) Deferred tax liabilities (Net) |
|
|
3.838 |
|
(c) Other long term liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current Liabilities (3) |
|
|
33.941 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
14.603 |
|
(b) Trade payables |
|
|
65.935 |
|
(c) Other current
liabilities |
|
|
22.240 |
|
(d) Short-term provisions |
|
|
17.229 |
|
Total Current Liabilities (4) |
|
|
120.007 |
|
|
|
|
|
|
TOTAL |
|
|
342.535 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
65.495 |
|
(ii) Intangible Assets |
|
|
4.159 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv) Intangible
assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.056 |
|
€ Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
2.140 |
|
€ Other Non-current assets |
|
|
0.000 |
|
Total Non-Current Assets |
|
|
71.850 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
95.335 |
|
€ Trade receivables |
|
|
148.104 |
|
(d) Cash and cash
equivalents |
|
|
15.799 |
|
€ Short-term loans and
advances |
|
|
9.601 |
|
(f) Other current assets |
|
|
1.846 |
|
Total Current Assets |
|
|
270.685 |
|
|
|
|
|
|
TOTAL |
|
|
342.535 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
12.500 |
12.500 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
106.419 |
68.121 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
118.919 |
80.621 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
59.385 |
76.393 |
|
|
2] Unsecured Loans |
|
49.195 |
37.182 |
|
|
TOTAL BORROWING |
|
108.580 |
113.575 |
|
|
DEFERRED TAX LIABILITIES |
|
3.914 |
3.302 |
|
|
|
|
|
|
|
|
TOTAL |
|
231.413 |
197.498 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
66.058 |
60.209 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
102.286
|
104.211
|
|
|
Sundry Debtors |
|
158.991
|
111.245
|
|
|
Cash & Bank Balances |
|
18.481
|
2.145
|
|
|
Other Current Assets |
|
1.519
|
0.000
|
|
|
Loans & Advances |
|
10.481
|
13.575
|
|
Total
Current Assets |
|
291.758
|
231.176
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
93.198
|
67.921
|
|
|
Other Current Liabilities |
|
20.531
|
12.661
|
|
|
Provisions |
|
12.674
|
13.305
|
|
Total
Current Liabilities |
|
126.403
|
93.887
|
|
|
Net Current Assets |
|
165.355
|
137.289
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
231.413 |
197.498 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
739.764 |
656.065 |
454.429 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
117.298 |
82.333 |
53.229 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.869 |
12.524 |
8.463 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
109.429 |
69.809 |
44.766 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
10.227 |
9.416 |
7.528 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
99.202 |
60.393 |
37.238 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
32.552 |
19.789 |
12.468 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
66.650 |
40.604 |
24.770 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
196.855 |
144.960 |
116.553 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Raw Material |
11.429 |
6.114 |
5.620 |
|
|
|
Stock in trade |
94.390 |
73.116 |
75.108 |
|
|
|
Total |
105.819 |
79.230 |
80.728 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
533.20 |
324.83 |
198.16 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
13.41
|
9.21
|
8.19
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
28.97
|
16.88
|
12.78
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.53
|
0.51
|
0.46
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.24
|
0.91
|
1.41
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.26
|
2.31
|
2.46
|
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) |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
PERFORMANCE
During the year, the company’s performance has
been excellent at standalone
The company in the Sixteen year of its
operations has maintained its leadership position in the market with robust
growth in terms of Turnover, Profit, Net Worth and Assets.
The operating revenue of Rs. 739.764 Millions
in the current year marks an increase of 12.76% as compared to the operating
revenue of Rs. 656.065 Millions in the previous year.
Profit before interests, depreciation and tax
at Rs. 117.298 Millions for the current year has shown a growth of 54.67% when
compared to Rs. 82.333 Millions in the previous year.
The net profit after tax has increased by
64.15% to Rs. 66.650 Millions in the current year from Rs. 40.604 Millions the
previous year.
UNSECURED LOAN
|
Particulars |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
Loans from Directors and Shareholders |
20.000 |
|
Sales Tax Deferment (Deferral Scheme) (for security and term of repayment) |
6.278 |
|
Short-term
borrowings |
|
|
Borrowing from Directors and Shareholders |
10.000 |
|
|
|
|
Total |
36.278 |
|
Unsecured Loans |
31.03.2012 Rs. in Millions |
|
|
|
|
Loans from Directors and Shareholders |
20.000 |
|
Sales tax Deferment (Deferral Scheme) |
6.980 |
|
(For security and terms of repayment) |
|
|
Borrowing from director and Shareholders |
22.215 |
|
(For security and terms of repayment) |
|
|
Total |
49.195 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10337150 |
25/01/2012 |
90,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND
FLOOR, G BLOCK, PLOT NO.C60, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI,
MAHARASHTRA - 400051, INDIA |
B32790610 |
|
2 |
10094641 |
04/02/2011 * |
7,500,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA
|
1 & 2,
DHANLAXMI RESIDENCY, NEAR HOTEL TIP TOP P |
B05759758 |
|
3 |
10043576 |
06/03/2007 |
1,317,000.00 |
SMALL INDUSTRIAL DEVELOPMENT BANK OF INDIA
|
1ST FLOOR, 102,
R. M. PRIDE BUILDING, RAM MARUTI |
A12865465 |
* Date of charge modification
CONTINGENT LIABILITIES
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In
Millions) |
|
|
|
|
|
|
Guarantee given by the Company’s bankers on behalf of the company |
9.367 |
6.034 |
|
Excise Duty (2006-07 to 2010-11) |
8.762 |
8.762 |
FIXED ASSETS:
·
MIDC Plot (Leasehold Land)
·
Administrative Building
·
·
Plant and Machinery
·
Tools and Equipments
·
Testing and Handling Equipments
·
Tool Room Machinery
·
Electric Installation
·
Office Equipments
·
Furniture and Fixtures
·
Vehicles
·
Computers
·
Software
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.62.06 |
|
|
1 |
Rs.102.03 |
|
Euro |
1 |
Rs.85.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
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 |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.