|
Report Date : |
06.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
THE METAL POWDER COMPANY LIMITED |
|
|
|
|
Registered
Office : |
113, Velayutham Road, Sivakasi, Virudunagar – 626123,
Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 (Profit and Loss A/c) |
|
|
|
|
Date of
Incorporation : |
05.05.1961 |
|
|
|
|
Com. Reg. No.: |
18-004478 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.243.000 Millions (As on 31.03.2010) |
|
|
|
|
CIN No.: [Company Identification No.] |
U28910TN1961PLC004478 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MRIT00817F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT4262E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Marketer of Aluminium Powder, Aluminium Paste and Golden Bronze Powder. |
|
|
|
|
No. of Employees
: |
390 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3950000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a good track record. The balance sheet of the company is not available for the year 2011
and 2012. Performance capability of the company appears to be good. Trade
relations are reported as decent. Business is active. Payment terms are
regular and as per commitments. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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 |
Long Term Rating: A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk |
|
Date |
27.02.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
27.02.2012 |
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 : |
113, Velayutham Road, Sivakasi, Virudunagar – 626123, Tamilnadu, India |
|
Tel. No.: |
91-4562-281995 (4 lines)/ 280599/ 220428 |
|
Fax No.: |
91-4562-280689/ 220428 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office: |
Maravan Kulam, Thirumangalam, Madurai District, |
|
Tel. No.: |
91-4549-281995 (4 Lines) / 280599/ 329995/ 329998 |
|
Fax No.: |
91-4549-280689 |
|
E-Mail : |
|
|
|
|
|
Factory: |
v Maravankulam, Thirumangalam - 625706, Madurai District, Tamilnadu, India v Pithampur, Indore, Dhar District - 454775, Madhya Pradesh, India |
|
Location : |
Owned |
|
|
|
|
Regional Office : |
v
Sivakasi
depot 113,
Velayutham Road, Sivakasi - 626123 Fax
No: 91-4562-220428 v
90,
South Veli Street, Madurai - 625 001, Tamilnadu, India v
Chennai
Depot 26 and
27, Poonamalle High Road, Periamet, Chennai – 600003, Tamilnadu, India Fax
No: 91-44-25610398 v
Kolkata
Depot Subarnarekha Agricultural Estate 1/1,
Transport Depot Road, Kolkata - 700 088, West Bengal, India E-mail: mepco@vsnl.net v
Near
Chandorkar's Bada, Behind Punjab & Sind Bank, v
Mumbai
Depot: 'Nain Krupa' Fourth Floor, 118/122, Kazi Syed
Street, Masjid (West), Mumbai - 400 003, Maharatna, India v
5-A, Ground Floor, Lane No.14, Delhi- 110042, India Tel No: 91-11-25431655 / 25431644 / 32516556 Fax No: 91-11-25431644 E Mail: delhi@mepco.co.in |
|
|
|
|
Northern Zone: |
·
Mangalchand Bhanwarlal Agencies, ·
.Bawa Paints Private Limited ·
Krishna Resins and Pigments Private Limited. ·
R.S.Chemicals, ·
Supertex Chemicals, ·
Tarachand Ravikumar |
|
|
|
|
Western Zone: |
·
R. Nagardas and Company ·
Asanand Sons, ·
Arihant Marketing, Mobile : 9822051117 |
|
|
|
|
Eastern Zone: |
·
Noble Dyes ·
Excel Traders, |
|
|
|
|
Southern Zone: |
·
Shreyas Hi-Tek Associates ·
Poosarla Agencies, ·
National Chem ·
Gautam Dyes and Chemicals ·
Jothi Agencies ·
Sunmoon Industries |
|
|
|
|
Consignment Agents
(C & F Agents): |
·
-
Dipson Agencies -
Aryan Sales, ·
Chattisgarh Office: Shree
Devganga Enterprises Email : dg_Classic@Yahoo.Com ·
Andhra
Pradesh: -
.Rajashree Enterprises -
Rajiv Gandhi Nagar, L.B.Nagar,
Hyderabad – 500 074, Andhra Pradesh, India ·
Kalra
Sales Agencies, ·
Uttar
Pradesh: Shreejee
Corporation, ·
Kerala
Office: Sree
Lakshmi Chemicals, |
DIRECTORS
AS ON 15.09.2012
|
Name : |
Mr. Grahadurai Athipathy |
|
Designation : |
Director |
|
Address : |
109A, Velayutha Rastha, Sivakasi – 626 123, Tamilnadu, India |
|
Date of Birth/Age : |
08.10.1963 |
|
Date of Appointment : |
18.02.2006 |
|
DIN : |
00006888 |
|
|
|
|
Name : |
Mr. Grahadurai Abiruben |
|
Designation : |
Director |
|
Address : |
82-A, Kamaraj Road, Sivakasi – 626123, Tamilnadu, India |
|
Date of Birth/Age : |
17.07.1966 |
|
Date of Appointment : |
18.02.2006 |
|
DIN : |
00006847 |
|
|
|
|
Name : |
Mr. Ayya Nadar Vairaprakasam |
|
Designation : |
Director |
|
Address : |
82 B, Kamaraj Road, Sivakasi -626 123, Tamilnadu, India |
|
Date of Birth/Age : |
26.06.1937 |
|
Date of Appointment : |
30.01.1963 |
|
DIN : |
00006811 |
|
|
|
|
Name : |
Mr. Meenakshi Sundaram Ramalingam |
|
Designation : |
Director |
|
Address : |
53, |
|
Date of Birth/Age : |
28.04.1933 |
|
Date of Appointment : |
31.01.1963 |
|
DIN : |
00006836 |
|
|
|
|
Name : |
Mr. Gunasingh Chelladhurai |
|
Designation : |
Managing Director |
|
Address : |
17-A, High Ground Road, palayamkottai – 627 002, Tamilnadu, India |
|
Date of Birth/Age : |
24.04.1947 |
|
Date of Appointment : |
25.04.1998 |
|
DIN : |
00168538 |
|
|
|
|
Name : |
Mr. Vishwanathan Krishnamoorthy |
|
Designation : |
Director |
|
Address : |
7A / 1, Nehru Nagar, |
|
Date of Birth/Age : |
08.11.1941 |
|
Date of Appointment : |
30.09.2009 |
|
DIN : |
00019515 |
|
|
|
|
Name : |
Mr. Sankaralingam Annamalai |
|
Designation : |
Director |
|
Address : |
239/2, Pioneer Avenue, New Natham Road, Narayana Puram, Madurai – 625 014, Tamilnadu, India |
|
Date of Birth/Age : |
26.01.1947 |
|
Date of Appointment : |
15.10.1994 |
|
DIN : |
00001381 |
|
|
|
|
Name : |
Mr. Yennarkay Rajarathnam Ravindran |
|
Designation : |
Director |
|
Address : |
Standard Bunglow, 3, A R Arunachala Nadar Road, Sivakasi – 626123,
Tamilnadu, India |
|
Date of Birth/Age : |
22.03.1939 |
|
Date of Appointment : |
05.05.1961 |
|
DIN : |
00006821 |
|
|
|
|
Name : |
Mr. Arunachalam Tenzing |
|
Designation : |
Director |
|
Address : |
174-A, Gnanagiri Road, Sivakasi – 626 123, Tamilnadu, India |
|
Date of Birth/Age : |
03.04.1953 |
|
Date of Appointment : |
26.09.1990 |
|
DIN : |
00014412 |
|
|
|
|
Name : |
Mr. Chelladhurai Subhasingh |
|
Designation : |
Director |
|
Address : |
1/2, Thiruthangal Road, Sivakasi – 626 123, Tamilnadu, India |
|
Date of Birth/Age : |
05.12.1945 |
|
Date of Appointment : |
28.08.2001 |
|
DIN : |
00018552 |
|
|
|
|
Name : |
Mr. Dhanasekarapandian Singaravel |
|
Designation : |
Director |
|
Address : |
21-A, Kamala Second Street, Chinna, Chokkikulam, Madurai – 625 002, Tamilnadu, India |
|
Date of Birth/Age : |
18.04.1956 |
|
Date of Appointment : |
17.06.2000 |
|
DIN : |
00006862 |
|
|
|
|
Name : |
Mr. Yennarkay R Rajarathnam Ravindran |
|
Designation : |
Director |
|
Address : |
3, Chairman A R Arunachala Nadar Road, Sivakasi – 626 123, Tamilnadu, India |
|
Date of Birth/Age : |
28.10.1966 |
|
Date of Appointment : |
21.06.1997 |
|
DIN : |
00020509 |
KEY EXECUTIVES
|
Name : |
Mr. Chinnachamy Chinnachamy Periandar |
|
Designation : |
Secretary |
|
Address : |
241, Jawahar Nagar, 3rd Street, Tirumangalam, Tamilnadu,
India |
|
Date of Birth/Age : |
24.05.1942 |
|
Date of Appointment : |
24.05.2000 |
|
PAN No.: |
AAHPC2211L |
|
|
|
|
Name : |
Mr. Manavalan Venkataraman |
|
Designation : |
Manager |
|
Address : |
Plot No.1B, Door No 3B,
15th Man Road, Renganathan, Gardens, Anna Nagar, Chennai – 600040, Tamilnadu, India |
|
Date of Birth/Age : |
05.07.1962 |
|
Date of Appointment : |
20.04.2012 |
|
PAN No.: |
AAEPV2186L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 15.09.2012
Shareholding details file attached.
AS ON 30.09.2012
|
Category |
Percentage |
|
Bodies corporate |
29.79 |
|
Directors or relatives of Directors |
43.31 |
|
Other top fifty shareholders |
24.43 |
|
Others |
2.47 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Marketer of Aluminium Powder, Aluminium Paste and Golden Bronze Powder. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
390 [Approximately] |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· Canara Bank ·
State Bank of ·
Bank of · Tamilnadu Mercantile Bank Limited ·
State Bank of · IDBI Limited · ICICI Bank Limited · Indian Overseas Bank, 127, East Veli Street, Madurai - 625001, Tamil Nadu, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B B Naidu and Company Chartered Accountants |
|
Address : |
122/36, |
|
Tel. No.: |
91-44-26411061 / 26411283 |
|
Fax No.: |
91-44-26412575 |
|
E-Mail : |
|
|
|
|
|
Subsidiaries : |
· MDL Industries Limited CIN : U24292TN1989PLC017848 · Nalco Metal Products Limited CIN: U28100TN1974PLC006569 ·
Sterling Metal Powder Company ( |
|
|
|
|
Other Related Parties : |
I) Standard Fireworks Private Limited Ii) Ayyan Fireworks Factory Private Limited Iii) Standard Match Industries Private Limited Iv) Rajarathnam Fireworks Industries V) Janaki Packaging Private Limited Vi) The Hind Matches Private Limited Vii) Darlingsons Wire Forms Private Limited Viii) Pioneer Overseas Private Limited Ix) The Bell Match Company X) Ayyan Fireworks Factory Xi) Modern Matches Private Limited Xii) Sri Shenbaga Vinayagar Matches Private Limited Xiii) Asia Match Company Private Limited Xiv) Aluminium Powder Company Limited |
CAPITAL STRUCTURE
AS ON 15.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity shares |
Rs.100/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2430000 |
Equity shares |
Rs.100/-
each |
Rs.243.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
243.000 |
243.000 |
243.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
745.900 |
662.800 |
613.300 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
988.900 |
905.800 |
856.300 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
10.100 |
8.400 |
80.700 |
|
|
2] Unsecured Loans |
140.000 |
0.000 |
35.200 |
|
|
TOTAL BORROWING |
150.100 |
8.400 |
115.900 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1139.000 |
914.200 |
972.200 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
327.000 |
291.500 |
230.200 |
|
|
Capital work-in-progress |
6.100 |
1.400 |
19.900 |
|
|
|
|
|
|
|
|
INVESTMENT |
77.600 |
72.600 |
78.300 |
|
|
DEFERREX TAX ASSETS |
25.700 |
22.900 |
16.900 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
497.300
|
413.500 |
447.900 |
|
|
Sundry Debtors |
91.800
|
89.300 |
145.100 |
|
|
Cash & Bank Balances |
156.800
|
65.200 |
72.400 |
|
|
Other Current Assets |
7.000
|
0.800 |
0.700 |
|
|
Loans & Advances |
206.900
|
164.800 |
186.000 |
|
Total
Current Assets |
959.800
|
733.600 |
852.100 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
86.500
|
51.000 |
75.300 |
|
|
Other Current Liabilities |
12.500
|
8.000 |
5.600 |
|
|
Provisions |
158.200
|
148.800 |
144.300 |
|
Total
Current Liabilities |
257.200
|
207.800 |
225.200 |
|
|
Net Current Assets |
702.600
|
525.800 |
626.900 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1139.000 |
914.200 |
972.200 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income [Sales] |
1646.700 |
1743.000 |
1703.300 |
|
|
|
Other Income |
108.200 |
74.700 |
56.400 |
|
|
|
TOTAL (A) |
1754.900 |
1817.700 |
1759.700 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Materials |
853.000 |
1011.800 |
1015.100 |
|
|
|
Staff |
103.600 |
94.500 |
95.400 |
|
|
|
Remuneration to Managing Director |
0.200 |
4.300 |
2.900 |
|
|
|
Manufacturing, Selling and Administration |
456.700 |
411.100 |
379.600 |
|
|
|
TOTAL (B) |
1413.500 |
1521.700 |
1493.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT/LOSS
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
341.400 |
296.000 |
266.700 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.600 |
15.300 |
11.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
333.800 |
280.700 |
255.500 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
80.500 |
55.100 |
42.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
BEFORE TAX (E-F) (G) |
253.300 |
225.600 |
212.900 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
70.700 |
76.400 |
69.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
AFTER TAX (G-H) (I) |
182.600 |
149.200 |
143.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.200 |
0.200 |
0.200 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
General Reserve |
83.100 |
49.700 |
43.500 |
|
|
|
Proposed Dividend (including Interim Dividend) |
85.100 |
85.100 |
85.100 |
|
|
|
Corporate Dividend Tax |
14.400 |
14.400 |
14.400 |
|
|
BALANCE CARRIED
TO THE B/S |
0.200 |
0.200 |
0.200 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
458.800 |
592.800 |
469.800 |
|
|
TOTAL EARNINGS |
458.800 |
592.800 |
469.800 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
223.200 |
228.700 |
290.200 |
|
|
|
Components & Spares |
0.100 |
0.100 |
1.500 |
|
|
|
Machinery / Test Equipments |
0.000 |
0.000 |
2.800 |
|
|
TOTAL IMPORTS |
223.300 |
228.800 |
294.500 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
75.14 |
-- |
-- |
|
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
2051.620 |
1773.927 |
|
|
|
Other Income |
|
111.708 |
99.190 |
|
|
|
TOTAL (A) |
|
2163.328 |
1873.117 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
1334.673 |
1097.712 |
|
|
|
Purchases of stock-In-Trade |
|
21.342 |
0.000 |
|
|
|
Changes in Inventories of finished goods, Working-in-progress and
stock-in-trade |
|
(34.559) |
4.985 |
|
|
|
Employee benefit Expenses |
|
142.624 |
120.987 |
|
|
|
Other Expenses |
|
371.480 |
334.570 |
|
|
|
TOTAL (B) |
|
1835.560 |
1558.254 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
327.768 |
314.863 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
6.462 |
5.992 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
321.306 |
308.871 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
48.919 |
84.159 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
272.387 |
224.712 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
76.204 |
61.811 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
196.183 |
162.901 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
80.73 |
67.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
9.07
|
8.70
|
10.40
|
8.21 |
8.13 |
|
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.28
|
12.67
|
15.38
|
12.94 |
12.50 |
|
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
19.68
|
22.01 |
19.67 |
|
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.26
|
0.25 |
0.25 |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
NA
|
NA
|
0.15
|
0.01 |
0.14 |
|
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA
|
NA
|
3.73
|
3.53 |
3.78 |
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 |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last five years |
Yes |
|
12] |
Profitability for last five 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 |
No |
|
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 MILLION]
|
Particulars |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
IDBI Limited. - Short Term Loan |
140.000 |
0.000 |
|
|
|
|
|
Total |
140.000 |
0.000 |
FORM 8
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U28910TN1961PLC004478 |
|
Name of the
company |
THE METAL POWDER
COMPANY LIMITED |
|
Address of the
registered office or of the principal place of business in |
113, Velayutham
Roadsivakasi. Sivakasi. Sivakasi – 626123, Tamilnadu, India |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
Indian Overseas
Bank 127, East Veli
Street, Madurai – 625001, Tamilnadu, India |
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation
agreement form F110E dated 08/06/2012 for Rs.200.000 Millions |
|
Date of instrument
Creating the charge |
08/06/2012 |
|
Amount secured by
the charge |
Rs.200.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest Base Rate + 3% Terms of
Repayment Packing Credit /
Bills / LC and LG. Margin 25% Extent and
Operation of the charge First pari passu
charge on the current assets of the company along with Standard Chartered
Bank/ Documents of title to goods/ Accepted Hundies. |
|
Short particulars
of the property charged |
All present and
future book debts, outstanding moneys receivable, claims and bills. All present and
future stock in trade consisting of raw materials, finished goods, goods in
process of manufacturing and other merchandise, being movable properties at
all locations. |
FIXED ASSETS
· Land
· Building
· Plant and Machinery
· Furniture and Fixtures
· Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.65 |
|
|
1 |
Rs.82.66 |
|
Euro |
1 |
Rs.71.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.