1. Summary Information
|
Country |
India |
||
|
Company Name |
GOA SHIPYARD LIMITED |
Principal Name 1 |
Mr. Vineet Bakshi |
|
Status |
Good |
Principal Name 2 |
Mr. S Ananthasayanam Sampathikumaran |
|
Registration # |
24-000077 |
||
|
Street Address |
Vasco Da Gama, Goa - 403802 |
||
|
Established Date |
29.09.1967 |
SIC Code |
-- |
|
Telephone# |
91-832-2512152 (5 Lines)/ 2513954/ 2512359/ 2513943/ 2514083 |
Business Style 1 |
Shipbuilders |
|
Fax # |
91-832-2513870/ 2513943/ 2513260/ 2512148/ 2514232 |
Business Style 2 |
Ship Repairs |
|
Homepage |
www.goashipyard.co.in |
Product Name 1 |
-- |
|
# of employees |
1776 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
291,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Government [Central and State] -51.09% Government Companies - 47.21% Bodies corporate - 1.17% Other top fifty shareholders - 0.50% Others - 0.03% |
Banking |
SBI Consortium
Bank |
|
Public Limited Corp. |
No |
Business Period |
46 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
A
(61) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
8,082,100,000 |
Current Liabilities |
8,701,200,000 |
|
Inventories |
3,559,700,000 |
Long-term Liabilities |
112,900,000 |
|
Fixed Assets |
3,374,100,000 |
Other Liabilities |
607,700,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
9,421,800,000 |
|
Invest& other Assets |
724,200,000 |
Retained Earnings |
6,027,300,000 |
|
|
|
Net Worth |
6,318,300,000 |
|
Total Assets |
15,740,100,000 |
Total Liab. & Equity |
15,740,100,000 |
|
Total Assets (Previous Year) |
13,508,800,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
2,748,800,000 |
Net Profit |
827,600,000 |
|
Sales(Previous yr) |
5,151,300,000 |
Net Profit(Prev.yr) |
1,761,300,000 |
MIRA INFORM REPORT
|
Report Date : |
31.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
GOA SHIPYARD LIMITED |
|
|
|
|
Registered
Office : |
Vasco Da Gama, Goa - 403802 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
29.09.1967 |
|
|
|
|
Com. Reg. No.: |
24-000077 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.291.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63032GA1967GOI000077 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRG03202D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG7569F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Shipbuilders, Ship Repairs and Engineers. |
|
|
|
|
No. of Employees
: |
1776 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (61) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 25000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a Union Government Company. It is a well established and reputed
company having a good track record. There appears dip in the profitability
during the current year. However, general financial position of the company seems to be strong.
Fundamentals are healthy liquidity position of the company seems to be good. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitments. The company can be considered for normal business dealings at usual
trade terms and condition. |
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 |
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 PARTED BY
|
Name : |
Ms. Munira |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-832-2514083 |
|
Date : |
30.07.2013 |
LOCATIONS
|
Registered Office : |
Vasco Da Gama, Goa – 403802, India |
|
Tel. No.: |
91-832-2512152 (5 Lines)/ 2513954/ 2512359/ 2513943/ 2514083 |
|
Fax No.: |
91-832-2513870/ 2513943/ 2513260/ 2512148/ 2514232 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Mumbai Office: |
Mazagon Dock Limited, Dockyard Road, Mumbai – 400010, Maharashtra,
India |
|
Tel. No.: |
91-22-23738321/ 23738747/ 23738749 |
|
Fax No.: |
91-22-23738140 |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Delhi Office/ Unit : |
‘H’ Block, Defence Headquarters, DHQ Post Office, New Delhi-110011,
India |
|
Tel. No.: |
91-11-23015681 |
|
Fax No.: |
91-11-23792311 |
DIRECTORS
As on: 26.07.2012
|
Name : |
Mr. Vineet Bakshi |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
Shipyard House, |
|
Date of Birth/Age : |
11.01.1954 |
|
Date of Appointment : |
01.03.2010 |
|
DIN No.: |
02960365 |
|
|
|
|
Name : |
Mr. S Ananthasayanam Sampathikumaran |
|
Designation : |
Director |
|
Address : |
D2/2 GSL Officesrs’ Residential Enclave, |
|
Date of Birth/Age : |
09.07.1952 |
|
Date of Appointment : |
05.11.2003 |
|
DIN No.: |
00124035 |
|
|
|
|
Name : |
Mr. Rangila Choudhary |
|
Designation : |
Whole Time Director |
|
Address : |
131 A Duplex Bunglow Rangavi Estate, |
|
Date of Birth/Age : |
01.03.1955 |
|
Date of Appointment : |
19.01.2009 |
|
DIN No.: |
02554804 |
|
|
|
|
Name : |
Mr. Om Prakash Bansal |
|
Designation : |
Director |
|
Address : |
2521, Gover Highland, NIBM Kondhwa, Pune-411048, |
|
Date of Birth/Age : |
30.09.1945 |
|
Date of Appointment : |
28.07.2009 |
|
DIN No.: |
02730246 |
|
|
|
|
Name : |
Mr. Prem Kumar Kataria |
|
Designation : |
Director |
|
Address : |
8205 Sector B-IX, Vasant Kunj, New Delhi-11070, |
|
Date of Birth/Age : |
01.05.1960 |
|
Date of Appointment : |
12.07.2010 |
|
DIN No.: |
03175921 |
|
|
|
|
Name : |
Mr. Debashish Chatterjee |
|
Designation : |
Director |
|
Address : |
Directors Bungalow, IIMK Campus, Kunnamangalam, Kozhikode-673570,
Kerala, India |
|
Date of Birth/Age : |
05.09.1964 |
|
Date of Appointment : |
19.01.2011 |
|
DIN No.: |
02874723 |
|
|
|
|
Name : |
Mr. Prabhatkumar Suryakant Shrivastava |
|
Designation : |
Director |
|
Address : |
D-1/1 GSL Officers Residential Enclave, Airport Road, Chicalim-403711,
Goa, India |
|
Date of Birth/Age : |
11.05.1956 |
|
Date of Appointment : |
28.04.2011 |
|
DIN No.: |
03510161 |
|
|
|
|
Name : |
Dr. Venkata Rao Rambhatla |
|
Designation : |
Director |
|
Address : |
National Law School of India University Vice Chancellor’s Lodge
Nagarbhavi Bangalore 560242, Karnataka, India |
|
Date of Birth/Age : |
15.03.1954 |
|
Date of Appointment : |
20.09.2011 |
|
DIN No.: |
03386559 |
|
|
|
|
Name : |
Mr. Muttathil Puthanveetil Muralidharan |
|
Designation : |
Director |
|
Address : |
31, Lodhi Estate, Max Muller Marg, New Delhi – 110003, India |
|
Date of Birth/Age : |
13.02.1953 |
|
Date of Appointment : |
03.01.2012 |
|
DIN No.: |
05197530 |
KEY EXECUTIVES
|
Name : |
Ms. Munira |
|
Designation : |
Accounts Department |
|
|
|
|
Name : |
Mr. Ramchandra Chimanshet Asukar |
|
Designation : |
Secretary |
|
Address : |
S-2n, Prime Monarch, Near Vidya Mandir School, Airport Road, Adarsh
Nagar, Chicalim-603711, Goa, India |
|
Date of Birth/Age : |
01.01.1957 |
|
Date of Appointment : |
17.06.1991 |
|
Pan No.: |
ACHPA5931H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 26.07.2012
Shareholding details file attached.
Equity Share Break up (Percentage of Total Equity)
As on: 26.07.2012
|
Category |
|
Percentage |
|
|
|
|
|
Government
[Central and State] |
|
51.09 |
|
Government
Companies |
|
47.21 |
|
Bodies
corporate |
|
1.17 |
|
Other
top fifty shareholders |
|
0.50 |
|
Others
|
|
0.03 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Shipbuilders, Ship Repairs and Engineers. |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Exports : |
|
||||||
|
Products : |
Finished Goods |
||||||
|
Countries : |
· Australia · Italy · Netherlands · Germany |
||||||
|
|
|
||||||
|
Imports : |
|
||||||
|
Products : |
Raw Materials |
||||||
|
Countries : |
· Australia · Italy · Netherland · Germany |
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
L/C, Cash and Credit |
||||||
|
|
|
||||||
|
Purchasing : |
L/C, Cash and Credit/ Cheque DD |
PRODUCTION STATUS (AS ON 31.03.2012)
|
Particulars |
Actual Production |
|
|
|
|
Ship Construction |
49201 |
|
Ship Repairs |
1487 |
|
General Engineering |
10134 |
|
Base and Depot Spares |
6821 |
GENERAL INFORMATION
|
Customers : |
End Users · Indian Navy · Indian Coast Guard · Oil and Natural Gas Corporation · Mormugao Port Trust · Madras Port Trust · Tulkorin Port Trust · Government of Goa · Government of Maldives · Government of Mozambique · Government of Yemen · Exploratory Fisheries Project, Mumbai · Central Institute of Fisheries, Mumbai · Royal Navy of Oman · Andaman and Nicobar Administration · Government of Iran · Central Marine Fisheries Research Institute · Ministry of Home Affaires Government of India |
|
|
|
|
No. of Employees : |
1776 (Approximately) |
|
|
|
|
Bankers : |
·
SBI Consortium Bank, Vasco Da Gama-403802, Goa, India Contact No.: 91-832-2500102 ·
Bank of ·
Canara Bank ·
IDBI Bank ·
Corporation Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
U N Bene and Company Chartered Accountants |
|
Address : |
F-1, Gopika M L Furtado Road Opposite ICICI Bank, Margao Goa-403601, |
|
Tel. No.: |
91-832-2730643/ 2725089 |
|
Fax No.: |
AAAFU2675H |
|
E-Mail : |
|
|
PAN No.: |
AAAFU2675H |
CAPITAL STRUCTURE
As on: 26.07.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs.400.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29100937 |
Equity Shares |
Rs.10/- each |
Rs.291.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
291.000 |
291.000 |
|
(b) Reserves & Surplus |
|
6027.300 |
5400.100 |
|
(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) |
|
6318.300 |
5691.100 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
112.900 |
117.500 |
|
(b) Deferred tax liabilities (Net) |
|
255.800 |
185.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
61.400 |
37.900 |
|
Total Non-current
Liabilities (3) |
|
430.100 |
340.400 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
673.000 |
1415.700 |
|
(c) Other current liabilities |
|
8028.200 |
5556.400 |
|
(d) Short-term provisions |
|
290.500 |
505.200 |
|
Total Current
Liabilities (4) |
|
8991.700 |
7477.300 |
|
|
|
|
|
|
TOTAL |
|
15740.100 |
13508.800 |
|
|
|
|
|
|
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
3374.100 |
3494.000 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
724.200 |
108.800 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
502.700 |
495.500 |
|
(e) Other Non-current assets |
|
16.500 |
16.500 |
|
Total Non-Current
Assets |
|
4617.500 |
4114.800 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
3559.700 |
2999.300 |
|
(c) Trade receivables |
|
1372.400 |
1484.500 |
|
(d) Cash and cash equivalents |
|
4921.200 |
3200.200 |
|
(e) Short-term loans and advances |
|
1269.300 |
1710.000 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
11122.600 |
9394.000 |
|
|
|
|
|
|
TOTAL |
|
15740.100 |
13508.800 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
291.009 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
4052.791 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
4343.800 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
122.000 |
|
|
TOTAL BORROWING |
|
|
122.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
56.800 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4522.600 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
596.300 |
|
|
Capital work-in-progress |
|
|
1573.900 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
3630.700 |
|
|
Sundry Debtors |
|
|
1945.900 |
|
|
Cash & Bank Balances |
|
|
5025.000 |
|
|
Other Current Assets |
|
|
3.700 |
|
|
Loans & Advances |
|
|
4789.800 |
|
Total
Current Assets |
|
|
15395.100 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
896.700 |
|
|
Other Current Liabilities |
|
|
10205.800 |
|
|
Provisions |
|
|
1940.200 |
|
Total
Current Liabilities |
|
|
13042.700 |
|
|
Net Current Assets |
|
|
2352.400 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4522.600 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2748.800 |
5151.300 |
4733.400 |
|
|
|
Other Income |
412.600 |
363.700 |
878.500 |
|
|
|
TOTAL (A) |
3161.400 |
5515.000 |
5611.900 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
3621.800 |
5431.700 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(4067.400) |
(4758.900) |
3481.800 |
|
|
|
Employee benefit expense |
1106.500 |
1064.400 |
|
|
|
|
Other expenses |
906.800 |
991.700 |
|
|
|
|
TOTAL (B) |
1567.700 |
2728.900 |
3481.800 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1593.700 |
2786.100 |
2130.100 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
170.600 |
53.100 |
110.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1423.100 |
2733.000 |
2019.300 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
162.800 |
85.100 |
47.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1260.300 |
2647.900 |
1972.300 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
432.700 |
886.600 |
665.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
827.600 |
1761.300 |
1307.200 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.500 |
0.200 |
0.100 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
627.500 |
1347.000 |
1001.600 |
|
|
|
Proposed Dividend |
171.700 |
355.000 |
262.000 |
|
|
|
Tax on Dividend |
28.500 |
59.000 |
43.500 |
|
|
BALANCE CARRIED
TO THE B/S |
0.400 |
0.500 |
0.200 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
906.900 |
1943.800 |
288.600 |
|
|
|
Capital Goods |
17.700 |
211.500 |
714.000 |
|
|
TOTAL IMPORTS |
924.600 |
2155.300 |
1002.600 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
29 |
61 |
45 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
26.18
|
31.94
|
23.29 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
45.85
|
51.40
|
41.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.39
|
19.77
|
12.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.47
|
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.02
|
0.02 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23
|
1.26
|
1.18 |
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOANS
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
|
Long term
borrowing |
|
|
|
Deferred Payment Liability |
112.900 |
117.500 |
|
|
|
|
|
Total |
112.900 |
117.500 |
|
Note: The deferred
payment liability payable over 45 years without interest, in equal annual installment
of Rs.13.031 Millions. The loan is equated to units of Special Drawings
Rights (SDR) as per Inter Governmental Agreement. The loan amount has been
revalued at the present rate of SDR (announced by RBI), which is Rs. 669.098
Millions for 1 SDR. |
||
FINANCIAL
PERFORMANCE:
During the financial year 2011-12, the Company has earned Gross Profit
before Depreciation, Interest and Prior Period Adjustment of Rs.1593.700
Millions.
VALUE OF
PRODUCTION:
During the financial year 2011-12, the Company has achieved value of
production of Rs 6764.300 Millions.
FINANCIAL RESULTS
Profit: During the
year 2011-12, the company has earned Profit before Tax of Rs.1260.300 Millions
as against Rs.2647.900 Millions in the previous year and made Net Profit after
Tax of Rs.827.600 Millions against Rs.1761.300 Millions in the previous year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90076382 |
23/12/2010 * |
3,500,000,000.00 |
SBI Consortium Banks viz SBI Com Br Bank of Maharashtra Canara Bank IDBI Bank and Corporation Bank |
Vasco da Gama, Vascoda Gama, Goa - 403802, INDIA |
B03220555 |
FIXED ASSETS:
·
·
· Building and Other Civil Constructions
· Plant and Machinery
· Slipways
· Fittin Out Jetty
· Capital Dradging
· Furniture, Fittings and Office Equipments
· Motor Cars and Vehicles
· Steam Launches and Boats
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. 59.82 |
|
|
1 |
Rs. 91.76 |
|
Euro |
1 |
Rs. 79.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
61 |
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.