MIRA
INFORM REPORT
|
Report Date : |
05.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SANDVIK ASIA PRIVATE LIMITED (w.e.f. 15.03.2010) |
|
|
|
|
Formerly Known
As : |
SANDVIK ASIA LIMITED |
|
|
|
|
Registered
Office : |
Sandvik Coromant, Mumbai – |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
08.07.1960 |
|
|
|
|
Com. Reg. No.: |
11-011751 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1149.116 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299PN1960PTC011751 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES00125G / PNES09024B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS6638K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of
Tungsten Carbide Tools, Wires, Ribbons etc |
|
|
|
|
No. of Employees : |
1500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
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 19000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject is an established company having fine track. Financial
position of the company appears to be sound. Trade relations are reported as
fair. Business is active. Payments are reported to be regular and as per
commitments. The company can be considered good for normal 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.
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 |
AA ( Long Term Rating) |
|
Rating Explanation |
High degree of safety it carry low credit
risk. |
|
Date |
February 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A1+ ( Short Term Rating) |
|
Rating Explanation |
Very strong degree of safety it carry lowest
credit risk |
|
Date |
February 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.
INFORMATION DENIED BY
|
Name : |
Mr. Sathey |
|
Designation : |
Finance Controller |
|
Contact No.: |
91-20-27146491 |
LOCATIONS
|
Registered Office : |
Sandvik Coromant, Mumbai – |
|
Tel. No.: |
91-20-27146800 / 27104800 / 725 |
|
Fax No.: |
91-20-27149370 / 27145022 / 736 |
|
E-Mail : |
|
|
Website : |
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|
Location : |
Owned |
|
|
|
|
Sales Office : |
Plot 49 and 49B, Sipcot Industrial Complex, Hosur – 635126, Tamilnadu,
India |
|
Tel No.: |
91-4344-403500/579 |
|
Fax No.: |
91-4344-403520 |
|
|
|
|
Branch Office : |
Located at :
|
DIRECTORS
As on 27.09.2011
|
Name : |
Mr. Suresh N Talwar |
|
Designation : |
Director |
|
Address : |
100000, Shiv Shanti Bhavan, 146, |
|
Date of Birth/Age : |
21.11.1937 |
|
Date of Appointment : |
29.03.1989 |
|
DIN : |
00001456 |
|
Name : |
Mr. Anders Gosta Thelin |
|
Designation : |
Director |
|
Address : |
AB Sandvik Coromant, 811-81 Sandviken, Sweden, Sandviken, Sweden -
81181 |
|
Date of Birth/Age : |
11.11.1950 |
|
Date of Appointment : |
07.05.1994 |
|
DIN : |
01454140 |
|
Name : |
Mr. Ajitkumar Daulatrao Jadhav |
|
Designation : |
Director |
|
Address : |
409, Shakala, |
|
Date of Birth/Age : |
20.02.1947 |
|
Date of Appointment : |
29.09.2009 |
|
DIN : |
02071304 |
|
Name : |
Mr. Olaf Bertil Faxander |
|
Designation : |
Director |
|
Address : |
Polismyndigheten I, Sweden, Stockholms Lan, Stockholms – 700519 |
|
Date of Birth/Age : |
19.05.1970 |
|
Date of Appointment : |
27.09.2011 |
|
DIN : |
03557497 |
|
Name : |
Mr. Ajay Waman Sambrani |
|
Designation : |
Managing director |
|
Address : |
A6/426, Apartment, Gurudwara Road, Bodakdev, Ahemedabad – 380054,
Gujarat, India |
|
Date of Birth/Age : |
24.01.1966 |
|
Date of Appointment : |
27.09.2011 |
|
DIN : |
03630635 |
KEY EXECUTIVES
|
Name : |
Mr. Sathey |
|
Designation : |
Finance Controller |
|
|
|
|
Name : |
Mr. Kirankumar Yashwantrai Acharya |
|
Designation : |
Secretary |
|
Address : |
2, Swikar Tenament, Drive In Road, Ahmedabad – 380054, Gujarat, India |
|
Date of Birth/Age : |
22.02.1961 |
|
Date of Appointment : |
25.05.2009 |
|
PAN No.: |
AAJPA2208B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2011
Equity Shares
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Sandvik AB, Sweden |
|
1801241 |
|
Sandvik Finance BV, Sweden |
|
125000 |
|
Sandvik Far East Limited AB, Sweden |
|
1 |
|
Industri AB Skomab, Sweden |
|
1 |
|
Sandvik Invest AB, Sweden |
|
1 |
|
SETP Invest AB, Sweden |
|
1 |
|
AB Sandvik Teknik, Sweden |
|
1 |
|
|
|
|
|
Total |
|
1926246 |
Preference Shares
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Sandvik AB, Sweden |
|
14229000 |
|
Sandvik Finance BV, Sweden |
|
73558700 |
|
Sandvik Heating Technology AB, Sweden |
|
3144565 |
|
|
|
|
|
Total |
|
90932265 |
As on 27.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
tungsten carbide tools, rock processing equipments, thermostatic electrical
bimetal strips, wires, ribbons, heating elements, cold finished tubes/pipes and
manufacturing of hot extruded seamless stainless steel tubes/pipes. |
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Products: |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Tungsten Carbide products including integral Rock Drill Steels, Bits,Detachable Bits, Extension Drill Steel Equipments, Inserts Tips, Dies, Nibs and other applications |
Tonnes No’s in Millions |
258 |
258 |
12.00 |
|
Sandvik Coromant Tools,Wear resisting Parts and similar products,
mining and construction tools |
No's in Millions |
1.48 |
1.48 |
1.46 |
|
Taps and solid carbide drills |
No's in Millions |
1.26 |
0.83 |
0.60 |
|
Hydrogen gas |
CU mtrs |
700000 |
700000 |
-- |
|
Cobalt Metal and Compounds |
Tones |
70 |
70 |
64.40 |
|
Thermostatic bimetal/strip |
Tones |
100 |
-- |
26.00 |
|
High resistance electrical wires, strips and ribbons |
Tones |
600 |
200 |
176.10 |
|
Bimetal components, Heating elements and terminal rods |
Nos. |
@ |
@ |
1332753 |
|
Hot extruded steel pipes |
Tones |
-- |
10000 |
6922.00 |
|
Recycling of inserts |
Tones |
750 |
750 |
461.80 |
@ There is no separate licensed and installed capacity.
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees : |
1500 (Approximately) |
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Banker : |
·
The Hong Kong And Shanghai Banking Corporation
Limited, 52/60; ·
Citi Bank N A., 2413, Parmar House, ·
HSBC Bank |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Juzer Shabbir Miyajiwala Chartered Accountants |
|
Address : |
Pune, Maharashtra, India |
|
PAN No.: |
AAAFB9852F |
|
|
|
|
Holding Company: |
|
|
|
|
|
Subsidiaries : |
Sandvik Mining and Construction Tools India Private Limited (formerly Sandvik Mining and Construction Tools India Limited) CIN No.: U29299PN2004PTC018921 |
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|
|
|
Fellow
Subsidiaries: |
Argentina ·
Sandvik Argentina S.A. Australia ·
Sandvik Australia Pty Limited ·
Sandvik Mining and Construction Adelaide Limited ·
Sandvik Mining and Construction Australia Pty
Limited ·
Sandvik RC Tools Australia Pty Limited Austria ·
Sandvik Mining and Construction G.m.b.H. ·
Sandvik Mining and Construction Materials
Handling GmbH Belgium ·
Sandvik Benelux B. V. Brazil ·
Sandvik do Brasil S.A. ·
Sandvik Materials Technology do Brasil S.A ·
Sandsvik MGS S.A. ·
Sandvik Mining and Construction do Brasil S.A. Canada ·
Sandvik Canada, Inc. ·
Sandvik Materials Technology Canada ·
Sandvik Mining and Construction Canada Inc. ·
Sandvik SMC Loaders Burlington Chile ·
Sandvik Chile S.A. ·
Sandvik Mining and Construction Chile SA. China ·
Sandvik (Qingdao) Limited ·
Sandvik Materials Technology (China) Limited ·
Sandvik International Trading (Shanghai) Company
Limited ·
Sandvik Hongkong Limited Sandvik Mining and
Constructuion (china ) Company Limited ·
Sandvik Mining and Constructuion Trading (Shanghai
) Company Limited ·
Sandvik Process Systems ( Shanghai) Limited
Sandvik Sales and Trade (shanghai ) Company Limited ·
Sandvik Tooling production ( Lungfang ) Company
Limited Czech Republic ·
Sandvik Chomutov Precision Tubes Spol. s.r.o. Finland ·
Sandvik Mining and Construction OY ·
Sandvik SMC Breakers Lahti ·
SMC Hollola PU France ·
Gunther Tools S.A.S. ·
Sandvik Mining and Construction Lyon S.A.S. ·
Sandvik Hard Materials S.A.S ·
Safety Production S.A.S. ·
Sandvik Mining and Construction France S.A.S. ·
Sandvik Mining and Construction Chanuy Germany ·
Walter AG ·
Sandvik Tooling Deutschland GmbH ·
Prototyp-Werke GmbH ·
Sandvik Materials Technology Deutschland GmbH, ZN
Sandvik Surface Solutions ·
Sandvik Wire and Heating Technology ZN der SMT
Deutschland GmbH ·
Sandvik Mining and Construction Central Europe
GmbH ·
Sandvik Materials Technology Deutschland GmbH, ZN
Sandvik Process Systems ·
Sandvik Materials Technology Deutschland GmbH, ZN
Sandvik P and P ·
Sandvik Tooling Deutschland GmbH, BU Sandvik
Coromant ·
Sandvik Tooling Supply Schmalklden India ·
Walter Tools India Private Limited ·
Seco Tools India Private Limited Indonesia ·
P.T. Sandvik Indonesia ·
PT Sandvik Mining and Construction Indonesia Ireland ·
Sandvik Mining and Construction Logistics Limited Italy ·
Sandvik Italia S.p.A. ·
Dormer Italia S.p.A. Japan ·
Sandvik KK ·
Sandvik Mining and Construction Japan K. K. ·
Sandvik Tooling Supply Japan K.K. Korea ·
Sandvik Korea Limited ·
Sandvik Suhjun Limited Malaysia ·
Sandvik Malaysia Sdn Bhd ·
Sandvik Mining and Construction (M) Sdn Bhd Mexico ·
Sandvik De Mexico S.A. de C.V. ·
Sandvik Mining and Construction De Mexico S.A. de
C.V New Zeland ·
Sandvik New Zealand Limited Norway ·
Teeness ASA Peru ·
Sandvik del Perú S.A. Philippines ·
Sandvik Tamrock (Philippines), Inc. ·
Sandvik Philippines Inc. Russian Federation ·
Sandvik Mining and Construction CIS LLC Singapore ·
Sandvik South East Asia Pte. Limited ·
Asia Pacific Distribution Center (APDC) ·
Sandvik Mining and Construction S.E.A. Pte. Limited South Africa ·
Sandvik (Pty) Limited ·
Sandvik Mining and Construction RSA (Pty) Limited Spain ·
Sandvik Española S.A. Sweden ·
AB Sandvik Coromant ·
Sandvik Tooling Sverige AB ·
Sandvik Mining and Construction Tools AB ·
Sandvik Mining and Construction Köping AB ·
AB Sandvik Hard Materials ·
AB Sandvik Materials Technology ·
Wire Sandviken AB ·
AB Sandvik Process Systems ·
Sandvik IT Services AB ·
Sandvik Mining and Construction AB ·
Sandvik Mining and Construction Sverige AB ·
Sandvik Materials Technology EMEA AB ·
Seco Tools ·
Dormer Tools AB ·
Sandvik Invest AB ·
Sandvik Heating Technology AB ·
Sandvik SRP AB Switzerland ·
Santrade Limited Taiwan ·
Sandvik Hard Materials Taiwan Pty. Limited ·
Sandvik Taiwan Limited Thailand ·
Sandvik Thailand Limited Turkey ·
Sandvik E.M.S. Ticaret A.S. UK ·
Dormer Tools (UK) ·
Sandvik Osprey Limited ·
Sandvik Saxon ·
Sandvik Bioline UK ·
SHM Powder Production UK ·
SHM Coventry UK ·
Sandvik Coromant UK ·
Sandvik Mining and Construction (UK ) Limited ·
Sandvik heating Technology UK ( formerly known as
Kanthal UK) ·
Sandvik Mining and Construction Mobile Crushers
and Screens Limited (Formerly known as Extec Screens and Crushers Limited) United Arab Emirates ·
Sandvik Middle East FZE USA ·
Sandvik Hard Materials US ·
SHM US - PU ·
Sandvik Coromant US ·
America Distribution Center ·
Sandvik Materials Technology Company ·
Sandvik MGT ·
Driltech Company ·
SMC Region USA / Canada ·
Sandvik Mining and Construction USA LLC ·
Sandvik Medical Solutions Tennessee ·
Sandvik Special Metals LLC ·
Sandvik Palm Coast Zambia ·
Sandvik Mining and Constructions Zambia Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.100/- each |
Rs. 200.000 millions |
|
87788000 |
2% Redeemable Cumulative Preference Shares |
Rs. 10/- each |
Rs. 877.880 millions |
|
3145000 |
2% Redeemable Cumulative Preference Shares |
Rs. 25/- each |
Rs. 78.625 millions |
|
1232000 |
9% Redeemable Cumulative Preference Shares |
Rs. 25/- each |
Rs. 30.800 millions |
|
|
|
|
|
|
|
Total |
|
Rs.1187.305
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1926246 |
Equity Shares |
Rs.100/-
each |
Rs.192.625
millions |
|
87787700 |
2% redeemable
cumulative preference shares |
Rs.10/- each |
Rs.877.877
millions |
|
3144565 |
2% redeemable
cumulative preference shares |
Rs.25/- each
|
Rs.78.614
millions |
|
|
|
|
|
|
|
Total |
|
Rs. 1149.116 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1149.116 |
1149.116 |
1154.484 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3633.938 |
3170.829 |
3022.406 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4783.054 |
4319.945 |
4176.890 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
613.166 |
457.668 |
850.000 |
|
|
2] Unsecured Loans |
691.928 |
1668.263 |
2694.252 |
|
|
TOTAL BORROWING |
1305.094 |
2125.931 |
3544.252 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6088.148 |
6445.876 |
7721.142 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2857.439 |
3115.442 |
3493.625 |
|
|
Capital work-in-progress |
419.326 |
387.334 |
466.160 |
|
|
|
|
|
|
|
|
INVESTMENT |
20.250 |
20.250 |
105.250 |
|
|
DEFERREX TAX ASSETS |
391.472 |
324.541 |
212.803 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3277.476
|
2032.629
|
2958.310 |
|
|
Sundry Debtors |
2357.078
|
2140.258
|
2136.876 |
|
|
Cash & Bank Balances |
370.642
|
192.280
|
429.903 |
|
|
Other Current Assets |
294.290
|
422.576
|
129.250 |
|
|
Loans & Advances |
1222.530
|
1212.135
|
1344.402 |
|
Total
Current Assets |
7522.016
|
5999.878
|
6998.741 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3306.728
|
2155.101
|
2886.583 |
|
|
Other Current Liabilities |
1069.351
|
655.333
|
340.986 |
|
|
Provisions |
746.276
|
591.135
|
327.868 |
|
Total
Current Liabilities |
5122.355
|
3401.569
|
3555.437 |
|
|
Net Current Assets |
2399.661
|
2598.309
|
3443.304 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6088.148 |
6445.876 |
7721.142 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
12344.072 |
2827.794 |
|
|
|
Service Income |
|
0.000 |
184.150 |
|
|
|
Other Income |
|
0.000 |
827.787 |
|
|
|
TOTAL (A) |
|
12344.072 |
13839.731 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
|
11863.205 |
13053.016 |
|
|
|
TOTAL (B) |
|
11863.205 |
13053.016 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
480.867 |
786.715 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
NA |
215.184 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
480.867 |
571.531 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
NA |
750.997 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
1002.283 |
480.867 |
(179.466) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H |
293.069 |
149.812 |
(64.860) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
709.214 |
331.055 |
(114.606) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2704.345 |
2550.660 |
2687.647 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
71.000 |
35.000 |
0.000 |
|
|
|
Preference Shares Dividend |
0.000 |
0.000 |
19.130 |
|
|
|
Preference Shares Dividend (including dividend
distribution tax and education cess) |
22.233 |
22.307 |
0.000 |
|
|
|
Tax on Preference Shares Dividend |
0.000 |
0.000 |
3.251 |
|
|
|
Dividend on Equity Shares (including dividend distribution tax and
education cess) |
223.872 |
120.063 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
3096.454 |
2704.345 |
2550.660 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
4456.971 |
5946.066 |
|
|
|
Commission Earnings |
|
415.714 |
372.037 |
|
|
|
Other Earnings |
|
4.015 |
2.083 |
|
|
TOTAL EARNINGS |
9012.000 |
4876.700 |
6320.186 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
1984.976 |
3941.191 |
|
|
|
Stores & Spares |
|
95.961 |
263.064 |
|
|
|
Capital Goods |
|
231.387 |
525.119 |
|
|
|
Traded Goods |
|
1890.681 |
2398.777 |
|
|
TOTAL IMPORTS |
NA |
4203.005 |
7128.151 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
-- |
156.30 |
(69.20) |
|
%2005-Mar-2013_files/image001.gif){kind=small}
%2005-Mar-2013_files/image002.gif){kind=small}
%2005-Mar-2013_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
2.68
|
(0.82) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
3.89
|
(1.39) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.66
|
5.27
|
(1.71) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.11
|
(0.04) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.34
|
1.27
|
1.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47
|
1.76
|
1.96 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
(Rs. in millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
Creditors due small micro enterprises |
4.740
|
18.049
|
6.500 |
|
Creditors due others |
3301.988
|
2137.052
|
2880.083 |
|
|
|
|
|
|
Total |
3306.728
|
2155.101
|
2886.583 |
|
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 |
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 |
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 |
|
LITIGATION DETAILS |
||||||||
|
Bench:- Bombay |
|
|||||||
|
Stamp No:- |
CAWST/10999/2012 |
Failing Date:- |
20/04/2012 |
Reg. No.:- |
CAW/1814/2012 |
Reg. Date:- |
20/07/2012 |
|
|
|
||||||||
|
|
Main Matter |
|
||||||
|
Stamp No.:- |
WPST/4905/2012 |
Reg. No.:- |
WP/1881/2012 |
|
||||
|
Petitioner:- |
Shri. Chandrakant Dattatraya Gundg |
Respondent:- |
Sandvik Asia Limited and ANR |
|
||||
|
District:- |
Pune |
|
||||||
|
|
||||||||
|
Bench:- |
Single |
|
Category:- |
For Direction |
|
|||
|
Status:- |
Pre-Admission |
Stage:- |
For Order (Civil Side Matters) |
|||||
|
Last Date:- |
01/10/2012 |
|
||||||
|
Last Coram:- |
Hon'ble Smt. Justice R.P Sondurbaldotra |
|
||||||
|
|
|
|||||||
|
Act:- |
Order Act |
|||||||
|
Case Details |
|||||||
|
Bench:- Bombay |
|||||||
|
Stamp No:- |
WPST/4905/2012 |
Failing Date:- |
23/02/2012 |
Reg. No.:- |
WP/1881/2011 |
Reg. Date:- |
28/02/2012 |
|
|
|||||||
|
Petitioner:- |
Shri. Chandrakant Dattatraya Gundg |
Respondent:- |
Sandvik Asia Limited and ANR |
||||
|
Petn.Adv:- |
Shri. Somnath Tilshiram Galaande - Pow |
|
|
||||
|
District:- |
Pune |
|
|||||
|
|
|||||||
|
Bench:- |
Single |
|
|||||
|
Status:- |
Pre-Admission |
Stage:- |
Petitions for Admission – Fresh (Civil Side Matters) |
||||
|
Last Date:- |
29/09/2012 |
|
|||||
|
Last Coram:- |
According to Sitting List |
|
|||||
|
|
|
||||||
|
Act:- |
M.R.T.U. and P.U.L.P. Act |
||||||
Contingent Liability:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
Disputed income tax |
272.432 |
267.699 |
|
Disputed excise demands |
0.914 |
0.914 |
|
Disputed liability relating to employees
and other staff |
0.000 |
1.607 |
|
Contingent liability in foreign exchange |
13.254 |
5.757 |
FIXED ASSETS:
·
Land
·
Office and
·
Plant and Machinery
·
Furniture and Fittings
·
Office Equipments
·
Vehicle
·
Technical Know How
·
Brand Rhino
·
Brand Widia
·
Goodwill
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 records 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.55.05 |
|
|
1 |
Rs.82.74 |
|
Euro |
1 |
Rs.71.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
64 |
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.