MIRA
INFORM REPORT
|
Report Date : |
02.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
INARCO LIMITED |
|
|
|
|
Registered
Office : |
B2 - 801, 8th Floor, B2 Wing, Marathon Innova, Opposite
Peninsula Corporate Park, Off Ganapatrao Kadam Marg, Lower Parel, Mumbai - 400013, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
12.12.1958 |
|
|
|
|
Com. Reg. No.: |
11-011233 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 9.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1958PLC011233 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEI04164G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI2897Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Cots, Aprons and Vinyl Floor Coverings. |
|
|
|
|
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 270000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
There appears slight dip in profitability during the current year. However, general financial position of the company seems to be good.
Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct and as per commitment. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB- (Long Term Rating) |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation. It carry moderate credit risk. |
|
Date |
September 2012 |
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 : |
B2 - 801, 8th Floor, B2 Wing, Marathon Innova, Opposite
Peninsula Corporate Park, Off Ganapatrao Kadam Marg, Lower Parel, Mumbai - 400013, Maharashtra, India |
|
Tel. No.: |
91-22-43152200/ 43152230 |
|
Fax No.: |
91-22-24919187 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 30.05.2012
|
Name : |
Mr. Arvind Bhandari Kewalkishan |
|
Designation : |
Managing director |
|
Address : |
203, Panorama, |
|
Date of Birth/Age : |
12.04.1947 |
|
Qualification : |
CA |
|
Date of Appointment : |
12.07.2007 |
|
PAN No.: |
AABPB5123G |
|
DIN No.: |
00708080 |
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 |
U74999MH1958PLC011233 |
INARCO
LIMITED |
Managing
director |
12/07/2007 |
01/10/2005 |
Active |
NO |
|
Name : |
Mr. Bahram Navroz Vakil |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
12.09.1958 |
|
Qualification : |
LLM |
|
Date of Appointment : |
22.08.2006 |
|
DIN No.: |
00283980 |
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 |
U55101MH1996PTC097667 |
DEGUSTIBUS HOSPITALITY
PRIVATE LIMITED |
Director |
01/06/1998 |
01/06/1998 |
20/06/2009 |
Active |
NO |
|
2 |
U25110MH1996PTC098147 |
GOLD SEAL AVON
POLYMERS PRIVATE LIMITED |
Alternate
director |
26/08/2008 |
13/03/2001 |
07/06/2011 |
Active |
NO |
|
3 |
U67190MH1997PTC109777 |
STRATEGIC
PARTNERS (INDIA) PRIVATE LIMITED |
Director |
09/04/2001 |
09/04/2001 |
- |
Active |
NO |
|
4 |
U29111MH2001PTC131781 |
LOMBARDINI INDIA
PRIVATE LIMITED |
Director |
14/05/2001 |
14/05/2001 |
22/06/2007 |
Active |
NO |
|
5 |
U55101TN2002PTC048331 |
WILD INDIA CAMPS
PRIVATE LIMITED |
Director |
10/03/2004 |
10/03/2004 |
- |
Active |
NO |
|
6 |
U25209MH1997PTC110354 |
GOLDSEAL-SAARGUMMI
INDIA PRIVATE LIMITED |
Alternate
director |
16/02/2005 |
16/02/2005 |
03/12/2009 |
Active |
NO |
|
7 |
U74999MH2003PTC149854 |
THE WALT DISNEY
COMPANY (INDIA) PRIVATE LIMITED |
Director |
09/12/2005 |
09/12/2005 |
03/02/2009 |
Active |
NO |
|
8 |
U65991MH2005PLC158045 |
PENINSULA
TRUSTEE LIMITED |
Director |
12/07/2007 |
06/03/2006 |
- |
Active |
NO |
|
9 |
U72900PN2006PTC129658 |
BODHI GLOBAL
SERVICES PRIVATE LIMITED |
Director |
22/03/2006 |
22/03/2006 |
- |
Active |
NO |
|
10 |
U74999MH1958PLC011233 |
INARCO LIMITED |
Director |
22/08/2006 |
22/08/2006 |
- |
Active |
NO |
|
11 |
U73100AP2006PTC051414 |
BVUD RESEARCH
(INDIA) PRIVATE LIMITED |
Director |
16/10/2006 |
16/10/2006 |
29/03/2007 |
Under
liquidation |
NO |
|
12 |
U65990MH2005PLC154276 |
EDELWEISS WEB
SERVICES LIMITED |
Director |
02/11/2006 |
02/11/2006 |
- |
Active |
NO |
|
13 |
U92130MH2004PTC143978 |
UNITED HOME
ENTERTAINMENT PRIVATE LIMITED |
Director |
12/12/2006 |
12/12/2006 |
27/08/2007 |
Active |
NO |
|
14 |
U65923MH2007PLC168721 |
GRAMEEN CAPITAL
INDIA LIMITED |
Director |
14/03/2007 |
14/03/2007 |
- |
Active |
NO |
|
15 |
U67190MH2007FTC175891 |
BABCOCK AND
BROWN INDIA PRIVATE LIMITED |
Director |
14/11/2007 |
14/11/2007 |
22/08/2008 |
Under
liquidation |
NO |
|
16 |
U74900KA2008PTC050780 |
UNITUS CAPITAL
PRIVATE LIMITED |
Director |
03/03/2008 |
03/03/2008 |
07/11/2008 |
Active |
NO |
|
17 |
U40106MH2008PTC180689 |
SUNNIGHT SOLAR
PRIVATE LIMITED |
Director |
01/04/2008 |
01/04/2008 |
08/07/2011 |
Strike off |
NO |
|
18 |
U65999MH2008NPL188370 |
PREMANAND MICRO
FINANCING |
Director |
20/11/2008 |
20/11/2008 |
08/07/2011 |
Active |
|
|
19 |
U93090MH2010NPL201145 |
INDIAN COUNCIL
ON GLOBAL RELATIONS |
Director |
28/09/2011 |
25/08/2010 |
- |
Active |
NO |
|
20 |
U74900MH2011PTC215129 |
GE-HITACHI
NUCLEAR ENERGY INDIA PRIVATE LIMITED |
Director |
22/03/2011 |
22/03/2011 |
- |
Active |
NO |
|
21 |
U73100MH2011FTC216670 |
COLUMBIA
RESEARCH AND CONSULTANCY SERVICES PRIVATE LIMITED |
Alternate
director |
31/05/2011 |
31/05/2011 |
- |
Active |
NO |
|
22 |
L74140PN1986PLC041033 |
ACCELYA KALE
SOLUTIONS LIMITED |
Director |
08/11/2011 |
07/07/2011 |
- |
Active |
NO |
|
23 |
L24240MH1952PLC008951 |
TRENT LIMITED |
Director |
10/08/2012 |
25/06/2012 |
- |
Active |
NO |
|
24 |
U51900MH2005PLC157853 |
AXIS CAPITAL
LIMITED |
Additional
director |
14/01/2013 |
14/01/2013 |
- |
Active |
NO |
|
Name : |
Mr. Manmohan Krishan Mahajan |
|
Designation : |
Director |
|
Date of Birth/Age : |
10.08.1949 |
|
Date of Appointment : |
16.12.2008 |
|
DIN No.: |
00290208 |
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 |
U74140MH1998PTC114225 |
MAHAJAN
AND AIBARA CONSULTING PRIVATE LIMITED |
Director |
30/03/1998 |
30/03/1998 |
Active |
NO |
|
2 |
U74999MH1958PLC011233 |
INARCO
LIMITED |
Director |
16/12/2008 |
16/12/2008 |
Active |
NO |
|
Name : |
Mr. Kavas Dara Patel |
|
Designation : |
Director |
|
Address : |
C-33, River Nest, 311, |
|
Date of Birth/Age : |
02.02.1947 |
|
Date of Appointment : |
31.03.1999 |
|
DIN No.: |
00002634 |
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 |
L33208GA1983PLC000520 |
PHIL
CORPORATION LIMITED |
Director |
18/08/1993 |
18/08/1993 |
- |
Active |
NO |
|
2 |
U24300MH1989PLC052085 |
INDIAN
OXIDES AND CHEMICALS LIMITED |
Director |
27/06/1997 |
27/06/1997 |
- |
Active |
NO |
|
3 |
U45309PN1991PTC063598 |
ZINNIA
PROPERTIES PRIVATE LIMITED |
Director |
14/03/1998 |
14/03/1998 |
- |
Active |
NO |
|
4 |
U74999MH1958PLC011233 |
INARCO
LIMITED |
Director |
31/03/1999 |
31/03/1999 |
- |
Active |
NO |
|
5 |
L24100MH1960PLC011681 |
DAI-ICHI
KARKARIA LIMITED |
Director |
26/04/2001 |
26/04/2001 |
- |
Active |
NO |
|
6 |
L17110MH1943PLC010052 |
ARI CONSOLIDATED
INVESTMENTS LIMITED |
Director |
15/10/2001 |
15/10/2001 |
- |
Active |
NO |
|
7 |
U31909MH1983PLC029134 |
UNI
KLINGER LIMITED |
Director |
02/12/2002 |
02/12/2002 |
- |
Active |
NO |
|
8 |
U24110MH1990PLC055089 |
CHAMPION
DAI-ICHI TECHNOLOGIES INDIA LIMITED |
Director |
22/12/2005 |
22/12/2005 |
- |
Active |
NO |
|
9 |
U72900PN2005PTC020816 |
MIMOSA
DATA SYSTEMS (INDIA) PRIVATE LIMITED |
Additional
director |
20/09/2006 |
20/09/2006 |
01/08/2007 |
Strike
off |
NO |
|
10 |
L15419PN1985PLC037347 |
TASTY
BITE EATABLES LIMITED |
Director |
27/08/2009 |
29/05/2009 |
- |
Active |
NO |
|
Name : |
Mr. Nani Byram Javeri |
|
Designation : |
Director |
|
Address : |
Flat # 9, Ivorine, , |
|
Date of Birth/Age : |
04.04.1946 |
|
Qualification : |
B.A. - Economics |
|
Date of Appointment : |
27.02.2001 |
|
DIN No.: |
02731854 |
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 |
U74999MH1958PLC011233 |
INARCO
LIMITED |
Director |
27/02/2001 |
27/02/2001 |
Active |
NO |
|
2 |
L17110MH1943PLC010052 |
ARI
CONSOLIDATED INVESTMENTS LIMITED |
Director |
30/09/2009 |
30/06/2009 |
Active |
NO |
|
3 |
L29308MH1954PLC009371 |
VOLTAS
LIMITED |
Director |
16/08/2010 |
29/10/2009 |
Active |
NO |
|
4 |
U52190KA1997PTC046775 |
LIFE
STYLE INTERNATIONAL PRIVATE LIMITED |
Director |
30/08/2010 |
04/08/2010 |
Active |
NO |
|
5 |
U65923MH2009PTC198201 |
UNION
KBC ASSET MANAGEMENT COMPANY PRIVATE LIMITED |
Director |
31/05/2011 |
16/09/2010 |
Active |
NO |
|
6 |
U74140MH2008FTC187025 |
HANNOVER
RE CONSULTING SERVICES INDIA PRIVATE LIMITED |
Director |
31/10/2011 |
31/10/2011 |
Active |
NO |
|
7 |
U29193DN2001PLC000159 |
UNIVERSAL
COMFORT PRODUCTS LIMITED |
Director |
11/08/2012 |
01/11/2011 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.05.2012
|
Names of Shareholders |
No. of Shares |
|
ARI Consolidated Investment Limited, |
94500 |
|
Arvind K. Bhandari and ARI Consolidated Investment Limited, |
500 |
|
TOTAL
|
95000 |
AS ON 30.05.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Cots, Aprons and Vinyl Floor Coverings. |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Cots and Aprons |
R. Mtrs |
1680000 |
28477 |
|
Cots and Aprons including Clearer Tubes |
R. Mtrs |
-- |
1594182 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
State Bank of India, Commercial Branch, Bank
Street, Bomaby – 400023, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
IFCI Limited, Bank of Baroda Building, 16, Sansad Marg, New
Delhi-110001, India |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
12, |
|
PAN No.: |
AABED7919A |
|
|
|
|
Holding Company : |
Ari Consolidated
Investments Limited CIN No.:-
L17110MH1943PLC010052 |
|
|
|
|
Related Parties : |
Sankil
Investments Private Limited CIN No.:-
U99999MH1973PTC016347 Odin Capital
Holdings Private Limited CIN No.:-
U65990MH1997PTC109653 |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95000 |
Equity Shares |
Rs.100/-
each |
Rs. 9.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
9.500 |
9.500 |
9.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
59.545 |
54.784 |
43.803 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
69.045 |
64.284 |
53.303 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
10.218 |
8.836 |
1.155 |
|
|
2] Unsecured Loans |
10.000 |
10.000 |
25.000 |
|
|
TOTAL BORROWING |
20.218 |
18.836 |
26.155 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
89.263 |
83.120 |
79.458 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
38.619 |
44.575 |
36.028 |
|
|
Capital work-in-progress |
4.359 |
2.969 |
4.051 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.420 |
4.244 |
1.945 |
|
|
DEFERREX TAX ASSETS |
10.922 |
8.311 |
6.403 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
61.773
|
54.236
|
49.145 |
|
|
Sundry Debtors |
62.802
|
53.172
|
45.176 |
|
|
Cash & Bank Balances |
6.689
|
4.935
|
11.722 |
|
|
Other Current Assets |
7.681
|
5.755
|
0.202 |
|
|
Loans & Advances |
19.952
|
24.237
|
20.919 |
|
Total
Current Assets |
158.897
|
142.335 |
127.164 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
87.068
|
77.474 |
71.744 |
|
|
Other Current Liabilities |
21.080
|
22.627
|
10.614 |
|
|
Provisions |
19.806
|
19.213
|
13.775 |
|
Total
Current Liabilities |
127.954
|
119.314 |
96.133 |
|
|
Net Current Assets |
30.943
|
23.021
|
31.031 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
89.263 |
83.120 |
79.458 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
520.883 |
510.475 |
411.003 |
|
|
|
Other Income |
3.425 |
6.664 |
7.103 |
|
|
|
TOTAL |
524.308 |
517.139 |
418.106 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
226.093 |
204.959 |
375.991 |
|
|
|
Employee benefit expense |
93.119 |
89.317 |
|
|
|
|
Other expenses |
172.406 |
176.085 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(6.530) |
(2.678) |
|
|
|
|
TOTAL |
485.088 |
467.683 |
375.991 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
39.220 |
49.456 |
42.115 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5.715 |
4.365 |
3.757 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
33.505 |
45.091 |
38.358 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.199 |
11.845 |
8.024 |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
ITEMS BEFORE TAX |
0.000 |
0.000 |
0.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
21.306 |
33.246 |
30.234 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.503 |
11.224 |
15.386 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
15.803 |
22.022 |
14.848 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
31.653 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
NA |
NA |
7.600 |
|
|
|
Tax on distributes profits |
NA |
NA |
1.262 |
|
|
|
Transferred to General Reserve |
NA |
NA |
1.570 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA
|
36.069 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods at F.O.B. |
166.536 |
134.866 |
108.501 |
|
|
|
Freight and Insurance |
NA |
1.849 |
2.047 |
|
|
|
Exchange Gain |
NA |
1.543 |
1.450 |
|
|
TOTAL EARNINGS |
NA |
138.258 |
111.998 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
77.687 |
56.616 |
|
|
TOTAL IMPORTS |
NA |
77.687 |
56.616 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
166.34 |
231.81 |
156.30 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.01
|
4.26 |
3.55 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.09
|
6.51 |
7.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.22
|
17.03 |
18.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.52 |
0.57 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.29
|
0.29 |
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24
|
1.19 |
1.32 |
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 |
----- |
|
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 |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Loans repayable on demand from others |
5.000 |
0.000 |
|
Deposits from directors |
5.000 |
10.000 |
|
|
|
|
|
TOTAL |
10.000 |
10.000 |
NOTE
The registered office of the company has been
shifted from “M-3, Court Chamber, Sir V Thalkersey Marg, Mumbai – 400020, Maharashtra,
India” to the present address w.e.f.01.04.2011
FIXED ASSETS
·
Roads
·
Buildings
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Computer 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 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. 54.48 |
|
|
1 |
Rs. 82.71 |
|
Euro |
1 |
Rs. 72.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
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 |
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.