MIRA INFORM REPORT
|
Report Date : |
18.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
ANUPAM RASAYAN INDIA LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 8110, GIDC Industrial Estate, Sachin, District Surat-394230. |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.09.2003 |
|
|
|
|
Com. Reg. No.: |
04-042988 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.100.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ2003PLC042988 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTA01589A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA4575D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Specialty Chemicals. |
|
|
|
|
No. of Employees
: |
310 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1675000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually corrct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The management has failed to file its financial with government
department for the year 2013. However, as per available financial of 2012, profit and sale turnover
of the company appears to be decent. General financial position of the
company appears to be sound and healthy. Trade relations are reported to be fair. Business is active. Payment
term are usually corrct. 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.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
July 31, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A3+ |
|
Rating Explanation |
Moderate degree of safety and high credit
risk. |
|
Date |
July 31, 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Afzal Malkani |
|
Designation : |
C.A. |
|
Contact No.: |
91-9825242548 |
|
Date : |
16.11.2013 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Plot No.8110, GIDC Industrial Estate, Sachin, District Surat – 394230,
Gujarat, India |
|
Tel. No.: |
91-261-2398991/ 2398993/ 94/ 95 |
|
Mobile No.: |
91-9825123708 (Mr. Anand) |
|
Fax No.: |
91-261-2398996/ 2475709 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
9000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
No. 2-701 GIDC, Sachin, Surat- 394230, Gujarat, India |
|
Area : |
6000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 29.09.2012
|
Name : |
Mrs. Hansaben Sureshchandra
Desai |
|
Designation : |
Director |
|
Address : |
5, Janatanagar, Opposite Kapadia Health Club, New Civil Road,
Surat-395003, Gujarat, India |
|
Date of Birth/Age : |
18.11.1944 |
|
Qualification: |
B.Com |
|
Date of Appointment : |
30.09.2003 |
|
DIN No.: |
00038423 |
|
|
|
|
Name : |
Mr. Ashwin Jayantilal Desai |
|
Designation : |
Managing Director |
|
Address : |
40, Jal Darshan Society, Near Umrigar School, Umra, Surat – 395007,
Gujarat, India |
|
Date of Birth/Age : |
18.09.1951 |
|
Qualification: |
Chemical Engineer |
|
Date of Appointment : |
30.09.2003 |
|
DIN No.: |
00038386 |
|
|
|
|
Name : |
Mr. Anand Sureshchandra Desai |
|
Designation : |
Managing Director |
|
Address : |
5, Janata Nagar, Opposite Kapadia Health Club, New Civil Road, Surat- 395003,
Gujarat, India |
|
Date of Birth/Age : |
12.12.1973 |
|
Qualification: |
B.Sc., PGDBA |
|
Date of Appointment : |
30.09.2003 |
|
DIN No.: |
00038442 |
|
|
|
|
Name : |
Mrs. Purnima Ashwin Desai |
|
Designation : |
Director |
|
Address : |
40,Jaldarshan Society, Near Umrigar School, Umra, Surat – 395007,
Gujarat, India |
|
Date of Birth/Age : |
24.01.1954 |
|
Qualification: |
B.Com |
|
Date of Appointment : |
30.09.2003 |
|
DIN No.: |
00038399 |
|
|
|
|
Name : |
Mrs. Mona Anandbhai Desai |
|
Designation : |
Director |
|
Address : |
5, Janatanagar, Opposite Kapadia Health Club, New Civil Road, Surat –
395007, Gujarat, India |
|
Date of Birth/Age : |
12.10.1975 |
|
Qualification: |
B.Sc. |
|
Date of Appointment : |
30.09.2003 |
|
DIN No.: |
00038429 |
|
|
|
|
Name : |
Mr. Rohan Ashwin Desai |
|
Designation : |
Director |
|
Address : |
40, Jaldarshan Society, Near Umrigar School, Umra, Surat- 395007,
Gujarat, India |
|
Date of Birth/Age : |
16.09.1979 |
|
Qualification: |
B.Com |
|
Date of Appointment : |
01.08.2004 |
|
DIN No.: |
00038379 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
|
|
|
Hansaben Desai |
270313 |
|
Anand Desai |
1515625 |
|
Mona Desai |
828125 |
|
Purnima Desai |
1031250 |
|
Ashvin Desai |
1750000 |
|
Rohan Desai |
656250 |
|
Aman Desai |
671875 |
|
Bharatkumar Desai |
78125 |
|
Sarojini Dalal |
117187 |
|
Meenaben Desai |
46875 |
|
Ashwin Desai |
242188 |
|
Rehash Industrial and Resin Chemicals Private Limited, India |
1062500 |
|
Shraddha Anand Desai |
1729687 |
|
|
|
|
Total |
10000000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
10.62 |
|
Directors or relatives of Directors |
89.38 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Specialty Chemicals. |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
No. of Employees : |
310 (Approximately) |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Bankers : |
· Yes Bank Limited, Surat, Gujarat, India · Standard Chartered Bank, Surat, Gujarat, India · HDFC Bank, Surat, Guajarat, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
NOTE: LONG TERM BORROWINGS: 1. Term Loan
taken from Bank of India and HDFC are secured by way of first mortgage/charge
on Movable Fixed Assets and Immovable Fixed Assets and second charged on
present and future stock of raw materials, stockinprocess, finished goods and
book debts. Rates of interest (i) Bank of India 14.25% (ii) HDFC Bank 13.5% SHORT TERM BORROWINGS: 1. Loans taken
from Bank of India, Standard Chartered BankPacking Credit, HDFCEPC Credit and
Yes BankEPC are secured on first pari paasu basis by way of hypothecation of
present and future stock of raw materials, stockinprocess, finished goods and
book debts and further secured by second pari passu charge on the entire
fixed assets of the company. Rate of interest charged by various banks (p.a.)
(i) Bank of India CC A/c 13.5% (ii) Bank of India Export Packing
Credit and FBP 11.5% (iii) Bank of
India a/c no 6461 and A/c no
96461 14.25% (iv) Foreign Currency
loan taken from HDFC EPC Credit,
Standard Chartered Bank Packing Credit
and Yes Bank LIBOR + 3.5% (v) HDFC Term Loan
13.5% 2. Term Loan
taken from Bank of India are secured on first pari passu basis by way of
mortgage/charge on Movable and Immovable Fixed Assets of the company and
further secured by second charge on present and future stock of raw
materials, stockinprocess, finished goods and book debts. |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Natvarlal Vepari and Company Chartered Accountants |
|
Address : |
1st Floor, River Palace – II, Near Navdi Ovara, Nanpura, Surat –
395001, Gujarat, India |
|
Tel No.: |
91-261-3057777/ 2465585 |
|
Fax No.: |
91-261-3995511 |
|
Email : |
|
|
PAN No.: |
AADFN5448E |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
100.000 |
100.000 |
|
(b) Reserves & Surplus |
|
318.772 |
228.423 |
|
(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) |
|
418.772 |
328.423 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
96.469 |
72.943 |
|
(b) Deferred tax liabilities (Net) |
|
38.171 |
34.338 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
3.022 |
|
Total Non-current
Liabilities (3) |
|
134.640 |
110.303 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
572.632 |
482.969 |
|
(b) Trade
payables |
|
156.431 |
133.011 |
|
(c) Other current
liabilities |
|
12.930 |
20.732 |
|
(d) Short-term
provisions |
|
18.043 |
11.745 |
|
Total Current
Liabilities (4) |
|
760.036 |
648.457 |
|
|
|
|
|
|
TOTAL |
|
1313.448 |
1087.183 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
478.674 |
453.583 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
5.083 |
5.083 |
|
(b) Non-current Investments |
|
14.453 |
14.453 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
10.837 |
0.000 |
|
Total Non-Current
Assets |
|
509.047 |
473.119 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
532.275 |
415.217 |
|
(c) Trade
receivables |
|
198.557 |
132.483 |
|
(d) Cash and
cash equivalents |
|
10.561 |
6.214 |
|
(e)
Short-term loans and advances |
|
60.853 |
58.269 |
|
(f) Other
current assets |
|
2.155 |
1.881 |
|
Total
Current Assets |
|
804.401 |
614.064 |
|
|
|
|
|
|
TOTAL |
|
1313.448 |
1087.183 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
80.000 |
|
|
2] Share Application Money |
|
|
175.492 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
255.492 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
453.058 |
|
|
2] Unsecured Loans |
|
|
38.568 |
|
|
TOTAL BORROWING |
|
|
491.626 |
|
|
DEFERRED TAX LIABILITIES |
|
|
29.316 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
776.434 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
399.068 |
|
|
Capital work-in-progress |
|
|
5.083 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
14.453 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
260.180 |
|
|
Sundry Debtors |
|
|
159.095 |
|
|
Cash & Bank Balances |
|
|
4.733 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
70.398 |
|
Total
Current Assets |
|
|
494.406 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
104.743 |
|
|
Other Current Liabilities |
|
|
8.927 |
|
|
Provisions |
|
|
22.906 |
|
Total
Current Liabilities |
|
|
136.576 |
|
|
Net Current Assets |
|
|
357.830 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
776.434 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1284.914 |
1072.166 |
972.058 |
|
|
|
Other Income |
0.897 |
0.046 |
0.250 |
|
|
|
TOTAL |
1285.811 |
1072.212 |
972.308 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
792.250 |
750.005 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(108.666) |
(148.784) |
|
|
|
|
Employee benefit expense |
27.908 |
27.682 |
|
|
|
|
Other expenses |
323.727 |
256.251 |
|
|
|
|
TOTAL |
1035.219 |
885.154 |
798.812 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
250.592 |
187.058 |
173.496 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
90.600 |
54.436 |
56.868 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
159.992 |
132.622 |
116.628 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
32.310 |
28.340 |
23.625 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
127.682 |
104.282 |
93.003 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
37.333 |
31.351 |
24.475 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
90.349 |
72.931 |
68.528 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
248.423 |
175.492 |
106.964 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
338.772 |
248.423 |
175.492 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
1124.326 |
815.022 |
624.357 |
|
|
TOTAL EARNINGS |
1124.326 |
815.022 |
624.357 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
319.201 |
NA |
201.203 |
|
|
TOTAL IMPORTS |
319.201 |
NA |
201.203 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
9.03 |
7.29 |
8.28 |
|
|
Particulars |
|
|
31.03.2013 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
1500.000 |
|
|
|
|
|
The above information has been parted by Mr. Afzal Malkani (C.A.)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
7.03
|
6.80 |
7.05 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.94
|
9.73 |
9.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.87
|
9.77 |
10.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.32 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.60
|
1.69 |
1.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60
|
0.95 |
3.62 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
31.03.2010 (Rs.
In Millions) |
|
Current maturities of long term debts |
0.000 |
0.000 |
NA |
|
|
|
|
|
|
Total |
0.000
|
0.000 |
NA |
|
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 |
Yes |
|
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
four 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 |
No |
|
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 |
Yes |
UNSECURED LOANS
|
PARTICULAR |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
17.640 |
15.172 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on demand from others |
13.547 |
15.503 |
|
|
|
|
|
Total |
31.187 |
30.675 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10373601 |
17/07/2012 |
40,000,000.00 |
Bank of India |
Bank of India Building, 1st Floor, Nr BSNL
Office, Opp PanjraPole, Ghoddod Road,
Suirat, Gujarat - |
B56857485 |
|
2 |
10331228 |
30/04/2013 * |
868,300,000.00 |
BANK OF INDIA |
Surat MID Corporate Branch,, BOI Bldg,
Near BSNL Office, Ghod Dod Road,,
Surat, Gujarat 395001, INDIA |
B75383935 |
|
3 |
10317949 |
30/04/2013 * |
868,300,000.00 |
BANK OF INDIA |
Surat MID Corporate Branch,, BOI Bldg,
Near BSNL Office, Ghod Dod Road,
Surat, Gujarat -395001, INDIA |
B75383539 |
|
4 |
10279801 |
08/03/2011 |
100,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF
INDIA, DR. |
B10228997 |
|
5 |
10262006 |
03/09/2010 |
50,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER
PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
A97594774 |
|
6 |
10262007 |
03/09/2010 |
120,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL
W, MUMBAI, Maharashtra - 400013, INDIA |
A97595599 |
|
7 |
10169002 |
22/10/2010 * |
180,000,000.00 |
Standard Chartered Bank |
Abhijeet II, Ground floor,, Near Mithakali
Six Roads, Ahmedabad, Gujarat - 380006, INDIA |
A99145732 |
|
8 |
10005322 |
18/07/2009 * |
407,600,000.00 |
BANK OF INDIA |
GOPIPURA BRANCH, KUNDAN APARTMENT, KAMNATH
MAHADEV, SURAT, Gujarat - 395001, INDIA |
A66144775 |
|
9 |
90108059 |
21/07/2009 * |
427,600,000.00 |
BANK OF INDIA |
GOPIPURA BRANCH, KUNDAN APARTMENT, KAMNATH
MAHADEV, SURAT, Gujarat - 395002, INDIA |
A67640250 |
* Date of charge modification
PERFORMANCE:
The directors are
pleased to inform that Sales Revenue of company has grown to Rs. 1284.914
millions as against Revenue of Rs. 1072.166 millions in previous year. During
the year, Company has earned net profit of Rs. 90.349 millions as against net
profit of Rs. 72.931 millions in previous year. During the year, Company has
earned EPS of Rs. 9.03. The business environment in the domestic and
international market has remained very challenging. Sovereign crisis in EURO
region, unrest in Middle East Asia, Tepid Growth in USA and growth moderation
in BRIC countries has added to the domestic challenges in India viz. stubbornly
high inflation, High Interest Rate regime and unearthed of scams. In spite of
all macro and micro headwinds, Performance of Company has remained
satisfactory.
The satisfactory
performance of company is mainly attributable to the hard efforts put in by the
directors of the company in the area of improving operational efficiency at the
manufacturing and processing level, constant efforts to improve the quality of
production and inclusion of new verticals in product portfolio and product mix,
reduction of wastages etc. the directors are confident that Company will
maximize the wealth of its valued shareholders with constant efforts to
maintain its growth and profitability.
FUTURE OUTLOOK:
The company's
performance will improve substantially with good export orders position on
hand. The company is having ISO 9001 and ISO 14000 certificate and star export
house status. Looking to the continuous control over the quality and in house R
and D, the directors are confident that there is good growth potential for the
Company in the domestic market as well as in export front company has achieved
good turnover. the directors hope relentless commitment of the company towards
productivity, efficiency and control over the cost will result in better performance
of the company and increasing reward to the shareholders of the company in the
future years.
FIXED ASSETS
·
Office Equipments
·
·
Generator
·
Vehicles
·
Laboratory Equipments
·
Plot
·
Tractor
·
VSNL-V-SAT
·
Furniture and Fixture
·
Fire Extinguisher
·
·
Electric Fitting and
Fixture
·
Cycle
·
Computer
·
Motor Car
·
Gas Train Installation
·
Water Pollution Plant
·
Land
·
Industrial Shed
·
Factory Equipment
·
Air Conditioners
·
Machinery Equipment
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 records 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.63.06 |
|
|
1 |
Rs.101.45 |
|
Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.