MIRA
INFORM REPORT
|
Report Date : |
28.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMOLI ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
322/ 4, 40 Shed Area, GIDC, Vapi – 396 195, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.09.1991 |
|
|
|
|
Com. Reg. No.: |
04-016288 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.46.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ1991PTC016288 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTA01797F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA3990Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
of Bulk Drugs/active Pharmaceuticals Ingredients and Caters Primarily to the
Anti-Inflammatory, Anti-Fungal and Anti-Depressant Segments. |
|
|
|
|
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 1100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 : CRISIL BBB- |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation it carry moderate credit risk. |
|
Date |
31st January, 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/ Factory 1 : |
322/ 4, 40 Shed Area, GIDC, Vapi – 396 195, |
|
Tel. No.: |
91-260-22424882/
22400383 |
|
Mobile No.: |
91-9819871700 (Mr. Ramanuj Malani) |
|
Fax No.: |
91-260-22431982 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
60000
sq. ft. |
|
Location : |
Leased |
|
|
|
|
Corporate
Office/ Factory 2 : |
407, Dalamal
House, |
|
Tel. No.: |
91-22-22854715 |
|
Fax No.: |
91-22-22041400 |
|
E-Mail : |
|
|
|
|
|
Factory 3 : |
Plot
No. 421 to 425, 432, 433 and 436, Taluka – Padra, District: Vadodara, |
|
Tel. No.: |
91-2662-3200383 |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Manish Umed Doshi |
|
Designation : |
Director |
|
Address : |
1201 A, Chandanbala Apartment, |
|
Date of Birth/Age : |
07.10.1961 |
|
Qualification : |
B. Pharma |
|
Date of Appointment : |
15.10.1994 |
|
PAN No.: |
AABPD3578R |
|
DIN No.: |
00210389 |
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 |
U24231MH1982PTC224236
|
UMEDICA
LABORATORIES PRIVATE LIMITED |
Director |
05/01/1982 |
05/01/1982 |
Active |
NO |
|
2 |
U67120MH1991PTC060393
|
TOLSTOY
INVESTMENTS PRIVATE LIMITED |
Director |
19/03/1991 |
19/03/1991 |
Active |
NO |
|
3 |
U24231GJ1991PTC016288
|
AMOLI ORGANICS
PRIVATE LIMITED |
Director |
15/10/1994 |
15/10/1994 |
Active |
NO |
|
4 |
U99999MH1958PTC011058
|
URANUS ELECTRO
TECHNIK PRIVATE LIMITED |
Director |
10/07/1995 |
10/07/1995 |
Active |
NO |
|
5 |
U24239MH1981PTC024656
|
SWETA PHARMA
PRIVATE LIMITED |
Director |
12/08/1997 |
12/08/1997 |
Active |
NO |
|
6 |
U24117GJ1999PTC035456
|
SUJAG FINE
CHEMICALS PRIVATE LIMITED |
Director |
19/02/1999 |
19/02/1999 |
Active |
NO |
|
7 |
U24239MH1989PTC051908
|
AGRIGUARD
MANUFACTURING PRIVATE LIMITED |
Director |
27/12/1999 |
27/12/1999 |
Active |
NO |
|
8 |
U24231GJ1988PTC010742
|
BROMOFINE CHEM
PRIVATE LIMITED |
Director |
26/12/2000 |
26/12/2000 |
Active |
NO |
|
9 |
U72900MH2004PTC144104
|
AMOLI INFOTECH
PRIVATE LIMITED |
Director |
20/01/2004 |
20/01/2004 |
Active |
NO |
|
10 |
U51909MH2003PTC142648
|
KMI BUSINESS
TECHNOLOGIES PRIVATE LIMITED |
Director |
17/08/2004 |
17/08/2004 |
Active |
NO |
|
11 |
L45200PN1991PLC129428
|
KOLTE-PATIL
DEVELOPERS LIMITED |
Director |
04/07/2007 |
26/12/2006 |
Active |
NO |
|
12 |
U67110MH2009PTC191826
|
AMOLI INVESTMENT
SERVICES PRIVATE LIMITED |
Director |
18/04/2009 |
18/04/2009 |
Active |
NO |
|
13 |
U70102MH2009PTC191879
|
AMOLI PROPERTIES
PRIVATE LIMITED |
Director |
21/04/2009 |
21/04/2009 |
Active |
NO |
|
14 |
U67100MH2009PTC192008
|
UMEDICA
INVESTMENT SERVICES PRIVATE LIMITED |
Director |
24/04/2009 |
24/04/2009 |
Active |
NO |
|
15 |
U70102MH2009PTC192006
|
UMEDICA
PROPERTIES PRIVATE LIMITED |
Director |
24/04/2009 |
24/04/2009 |
Active |
NO |
|
16 |
U85199PN2005PTC020895
|
STEMONE
BIOLOGICALS PRIVATE LIMITED |
Director |
26/06/2010 |
26/06/2010 |
Active |
NO |
|
Name : |
Mrs. Vandana Manish Doshi |
|
Designation : |
Director |
|
Address : |
1201 A, Chandanbala Apartment, |
|
Date of Birth/Age : |
23.08.1962 |
|
Date of Appointment : |
19.01.1991 |
|
PAN No.: |
AAEPD2835J |
|
DIN No.: |
00211618 |
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 |
U24239MH1981PTC024656
|
SWETA PHARMA
PRIVATE LIMITED |
Director |
20/03/1985 |
20/03/1985 |
Active |
NO |
|
2 |
U67120MH1991PTC060393
|
TOLSTOY
INVESTMENTS PRIVATE LIMITED |
Director |
19/03/1991 |
19/03/1991 |
Active |
NO |
|
3 |
U24231GJ1991PTC016288
|
AMOLI ORGANICS
PRIVATE LIMITED |
Director |
19/09/1991 |
19/09/1991 |
Active |
NO |
|
4 |
U99999MH1978PTC020156
|
URANUS
ELECTRONICS PRIVATE LIMITED |
Director |
07/03/1996 |
07/03/1996 |
Active |
NO |
|
5 |
U72900MH2004PTC144104
|
AMOLI INFOTECH
PRIVATE LIMITED |
Director |
20/01/2004 |
20/01/2004 |
Active |
NO |
|
6 |
U67190MH2005PTC155528
|
APE-AAN FINSER
PRIVATE LIMITED |
Director |
22/08/2005 |
22/08/2005 |
Active |
NO |
|
7 |
U67110MH2009PTC191826
|
AMOLI INVESTMENT
SERVICES PRIVATE LIMITED |
Director |
18/04/2009 |
18/04/2009 |
Active |
NO |
|
8 |
U70102MH2009PTC191879
|
AMOLI PROPERTIES
PRIVATE LIMITED |
Director |
21/04/2009 |
21/04/2009 |
Active |
NO |
|
9 |
U67100MH2009PTC192008
|
UMEDICA
INVESTMENT SERVICES PRIVATE LIMITED |
Director |
24/04/2009 |
24/04/2009 |
Active |
NO |
|
10 |
U70102MH2009PTC192006
|
UMEDICA
PROPERTIES PRIVATE LIMITED |
Director |
24/04/2009 |
24/04/2009 |
Active |
NO |
|
Name : |
Mr. Rupesh Suryakant Kamdar |
|
Designation : |
Director |
|
Address : |
Flat No.603, Somnath CHS, |
|
Date of Birth/Age : |
11.04.1971 |
|
Date of Appointment : |
26.09.2009 |
|
PAN No.: |
AFVPK9124K |
|
DIN No.: |
02358348 |
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 |
U24231GJ1991PTC016288
|
AMOLI ORGANICS
PRIVATE LIMITED |
Director |
26/09/2009 |
11/11/2008 |
Active |
NO |
|
Name : |
Mr. Kundan Lal Khurana |
|
Designation : |
Director |
|
Address : |
103, Sector 35A, |
|
Date of Birth/Age : |
22.09.1942 |
|
Date of Appointment : |
26.09.2009 |
|
DIN No.: |
02193237 |
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 |
U67120CH2000PTC023953
|
COMPACT
ENGINEERING SOLUTIONS PRIVATE LIMITED |
Director |
03/12/2003 |
03/12/2003 |
23/02/2010 |
Active |
NO |
|
2 |
U24110MH1997PTC106915
|
GLADE ORGANICS
PRIVATE LIMITED |
Director |
02/08/2006 |
02/08/2006 |
- |
Active |
NO |
|
3 |
U01403CH2008PTC031301
|
SATYAM
REFRIGERATION AND ENGINEERING COMPANY PRIVATE LIMITED |
Director |
08/07/2008 |
08/07/2008 |
- |
Strike off |
NO |
|
4 |
U24231GJ1991PTC016288
|
AMOLI ORGANICS
PRIVATE LIMITED |
Director |
26/09/2009 |
11/11/2008 |
- |
Active |
NO |
|
5 |
L27100AP1989PLC010122
|
ZENOTECH
LABORATORIES LIMITED |
Director |
25/07/2012 |
25/07/2012 |
- |
Active |
NO |
|
Name : |
Mr. Mukundray Harshadray Bhatt |
|
Designation : |
Director |
|
Address : |
Ananya, Tithal Road, Valsad – 396 001, |
|
Date of Birth/Age : |
28.09.1951 |
|
Date of Appointment : |
26.09.2009 |
|
DIN No.: |
02200427 |
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 |
U24210MH1992PTC066957
|
R3 CROP CARE
PRIVATE LIMITED |
Director |
01/04/2009 |
27/05/1992 |
Active |
NO |
|
2 |
U24110GJ1999PLC035663
|
ATRO LIMITED |
Director |
26/03/1999 |
26/03/1999 |
Active |
NO |
|
3 |
U24231GJ1991PTC016288
|
AMOLI ORGANICS
PRIVATE LIMITED |
Director |
26/09/2009 |
11/11/2008 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Vandna
M. Doshi |
1631776 |
|
Manish
U. Doshi |
1070496 |
|
Indu |
78880 |
|
Manish
U. Doshi (HUF) |
498848 |
|
Tolstoy
Investments Private Limited, India |
320000 |
|
Port
Limited, Mauritius |
1000000 |
|
TOTAL |
4600000 |
AS ON 28.09.2012
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
21.74 |
|
Bodies
corporate |
6.96 |
|
Directors
or relatives of directors |
71.30 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Bulk Drugs/active Pharmaceuticals Ingredients and Caters Primarily to the
Anti-Inflammatory, Anti-Fungal and Anti-Depressant Segments. |
|
|
|
|
Products : |
Bulk
Drugs |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
v
State Bank of Industrial Finance Branch, The Arcade, World Trade Centre, Cuffe Parade, Mumbai – 400 005, Maharashtra, India v EXIM Bank, World Trade Centre, Cuffe Parade, Mumbai – 400 005, Maharashtra, India v ICICI
Bank Limited, 215, Free Press House, Free Press Journal Marg, Nariman Point, Mumbai – 400 021, Maharashtra, India v ICICI
Bank Limited, Land Mark Race Cource Circle, Alkapuri, Baroda – 390 015,
Gujarat, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Contractor
Nayak and Kishnadwala Chartered
Accountants |
|
Address : |
Jash Chambers, 7, Sir. P. M. Road, Mumbai, Maharashtra, India |
|
Tel No.: |
91-22-66359681/82/83 / 66230 600 / 22661819 |
|
PAN No.: |
AACFC8587E |
|
|
|
|
Associates : |
v Umedica Laboratories Limited Address: 403, Dalamal House, J. B. Road, Nariman Point, Mumbai -
400 021, Maharashtra, India Tel. No.: 91-22-285 4715 Fax No.: 91-22-204 1400 E-Mail: umedica@vsnl.com
Website: http://www.amoliindia.com
-It
is engaged in manufacturing and exporting of a wide range of Injectables,
Tablets, Capsules, Suspensions and Dry Syrups, etc. -Subject
is Government Recognised Export House. v
Sweta
Pharma Private Limited v KMI Business Technologies Private Limited v Tolstory Investment Private Limited v Bromofine
Chem Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Share |
Rs.10/- each |
Rs.
125.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4600000 |
Equity Share |
Rs.10/- each |
Rs.
46.000 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 |
|
46.000 |
46.000 |
|
(b) Reserves & Surplus |
|
251.903 |
235.554 |
|
(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) |
|
297.903 |
281.554 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
171.563 |
135.213 |
|
(b) Deferred tax liabilities (Net) |
|
11.618 |
19.830 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
10.384 |
9.798 |
|
Total Non-current Liabilities (3) |
|
193.565 |
164.841 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
333.976 |
234.787 |
|
(b) Trade payables |
|
526.579 |
393.335 |
|
(c) Other current
liabilities |
|
74.433 |
76.928 |
|
(d) Short-term provisions |
|
1.811 |
0.956 |
|
Total Current Liabilities (4) |
|
936.799 |
706.006 |
|
|
|
|
|
|
TOTAL |
|
1428.267 |
1152.401 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
406.107 |
354.518 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
9.687 |
0.220 |
|
(b) Non-current Investments |
|
1.117 |
1.117 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
25.308 |
20.670 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
442.219 |
376.525 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
289.916 |
270.935 |
|
(c) Trade receivables |
|
533.926 |
378.920 |
|
(d) Cash and cash
equivalents |
|
24.057 |
20.403 |
|
(e) Short-term loans and
advances |
|
35.331 |
30.887 |
|
(f) Other current assets |
|
102.818 |
74.731 |
|
Total Current Assets |
|
986.048 |
775.876 |
|
|
|
|
|
|
TOTAL |
|
1428.267 |
1152.401 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
46.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
232.375 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
278.375 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
288.031 |
|
|
2] Unsecured Loans |
|
|
160.363 |
|
|
TOTAL BORROWING |
|
|
448.394 |
|
|
DEFERRED TAX LIABILITIES |
|
|
21.850 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
748.619 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
360.475 |
|
|
Capital work-in-progress |
|
|
6.773 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.117 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
212.321
|
|
|
Sundry Debtors |
|
|
374.075
|
|
|
Cash & Bank Balances |
|
|
8.276
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
91.768
|
|
Total
Current Assets |
|
|
686.440 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
266.347
|
|
|
Other Current Liabilities |
|
|
29.755
|
|
|
Provisions |
|
|
10.084
|
|
Total
Current Liabilities |
|
|
306.186 |
|
|
Net Current Assets |
|
|
380.254
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
748.619 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Net Sales |
|
|
1227.505 |
|
|
|
Other Income |
|
|
46.332 |
|
|
|
TOTAL (A) |
1722.730 |
1363.900 |
1273.837 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumed |
|
|
759.389 |
|
|
|
Manufacturing Expenses |
|
|
198.435 |
|
|
|
Personal Cost |
|
|
117.504 |
|
|
|
Administration & Selling Expenses |
|
|
84.126 |
|
|
|
Increase/Decrease in Stock |
|
|
(35.185) |
|
|
|
Prior Period Income/ Expenses |
|
|
0.000 |
|
|
|
TOTAL (B) |
NA |
NA |
1124.269 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
149.568 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
39.770 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
54.220 |
58.950 |
109.798 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
56.720 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
NA |
NA |
53.078 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
15.080 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
16.350 |
3.180 |
37.998 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
185.070 |
181.890 |
143.890 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
201.420 |
185.070 |
181.888 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods (FOB) |
NA |
NA |
383.846 |
|
|
TOTAL EARNINGS |
NA |
NA |
383.846 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
444.698 |
|
|
|
Capital Goods |
NA |
NA |
0.927 |
|
|
TOTAL IMPORTS |
NA |
NA |
445.625 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.55 |
0.69 |
8.26 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.95
|
0.23
|
2.98
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
4.32
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
5.07
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.19
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.70
|
1.31
|
1.61
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05
|
1.10
|
2.24
|
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 |
Yes |
|
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) |
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
DETAILS OF
UNSECURED LOAN
|
PARTICULARS |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Short Term
Borrowings |
|
|
|
Loans Repayable on Demand from Others |
36.628 |
10.453 |
|
|
|
|
|
TOTAL |
36.628 |
10.453 |
INDEX OF CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10449164 |
06/09/2013 |
50,000,000.00 |
DBS BANK LIMITED |
221, Fort House, 3rd Floor, D. N. Road,
Fort, Mumbai, Maharashtra - 400001, India |
B85054567 |
|
2 |
10354320 |
21/11/2012 * |
126,000,000.00 |
ICICI BANK LIMITED |
Landmarkrace Cource Circle, Alkapuri,
Baroda, Gujarat - 390015, India |
B62572813 |
|
3 |
10027182 |
15/09/2006 |
140,000,000.00 |
ICICI BANK LIMITED |
Landmarkrace Cource Circle, Alkapuri,
Baroda, Gujarat - 390015, India |
A05726054 |
|
4 |
90105486 |
21/11/2012 * |
210,600,000.00 |
ICICI BANK LIMITED |
Landmarkrace Cource Circle, Alkapuri,
Baroda, Gujarat - 390015, India |
B63335202 |
|
5 |
90106321 |
10/09/2013 * |
326,200,000.00 |
STATE BANK OF INDIA |
Industrial Finance Branch, World Trade
Centre, Cuffe Parade, Mumbai, Maharashtra - 400005, India |
B85340842 |
|
* Date of charge modification |
||||||
OPERATIONS
Despite the recessionary trends prevailing in global and in domestic economy, the Company has achieved higher sales and other income of Rs.1722.730 Millions for the F.Y.2011-12, reflecting a growth of 26.31 % over the previous year. Export sales have grown from Rs. 564.420 Millions to Rs.739.450 Millions i.e. by 31.01% over the previous year. The net profit for the year has inclined substantially to Rs.16.350 Millions, from Rs.3.180 Millions in the previous year.
FIXED ASSETS
v Factory Plot
v Starr Quarter Plot
v
v Plant and machinery
v Electrical Equipments
v Motorcar and Vehicles
v Motorcar
v Motor Lorry
v Furniture Fixture and Office equipments
v Computer
v Efferent Treatment Plant
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. 62.36 |
|
UK Pound |
1 |
Rs. 62.36 |
|
Euro |
1 |
Rs. 84.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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.