MIRA
INFORM REPORT
|
Report Date : |
29.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
MEGHMANI INDUSTRIES LIMITED |
|
|
|
|
Formerly Known
As : |
PATEL AGRO CHEM LIMITED |
|
|
|
|
Registered
Office : |
Plot No.27, Phase I, GIDC Industrial Estate, Vatva, Ahmedabad –
382445, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
22.02.1993 |
|
|
|
|
Com. Reg. No.: |
04-019013 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 45.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29199GJ1993PLC019013 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMM00395D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM0535G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Dyes, Agro Chemicals and Intermediates. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 5600000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
Litigation : |
Exist |
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|
Comments : |
Subject is a part of Meghmani Group. It is a well-established and
reputed company having fine track record. The financial position of the company appears to be good and healthy. Trade relations are reported as decent. Business is active. Payment
terms are regular and as per commitment. The company can be considered good 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 : A |
|
Rating Explanation |
Adequate degree of safety and carry low
credit risk. |
|
Date |
October 23, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A1 |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
October 23, 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 DECLINED
MANAGEMENT NON-COOPERATIVE
[CONTACT NO.: 91-79-26569901]
LOCATIONS
|
Registered Office/ Factory 1 : |
Plot No.27, Phase I, GIDC Industrial Estate, Vatva, Ahmedabad –
382445, Gujarat, India |
|
Tel. No.: |
91-79-25833381/ 25897793 |
|
Fax No.: |
91-79-26463999/ 25834588/ 25893495 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
203-204, White Cross, 15 Patel Society, Gulbai Tekra Road, Panchvati,
Ahmedabad – 380006, Gujarat, India |
|
Tel. No.: |
91-79-26569901/ 26562827/ 26467511/ 26562827 |
|
Fax No.: |
91-79-26422600/ 26463999 |
|
|
|
|
Factory 2 : |
Block No. 401, Village Chharodi, Taluka Sanand, District Ahmedabad –
382170, Gujarat, India |
|
Tel. No.: |
91-2717-273204/ 273284 |
|
Fax No.: |
91-2717-273117 |
|
|
|
|
Factory 3 : |
SEZ Unit, Plot No. Z-6, Special Economic, Zone Bharuch, Dehej-392130,
Gujarat, India |
|
|
|
|
Factory : |
Also located at: v
Panoli v
Ankleshwar |
DIRECTORS
AS ON 29.07.2013
|
Name : |
Mr. Lalitbhai Kantibhai Patel |
|
Designation : |
Director |
|
Address : |
31, Park Hill, Near Narmada Vasahat, Opposite Karnavati Club,
Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
15.02.1967 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
22.02.1993 |
|
PAN No.: |
ACNPP2094C |
|
DIN No.: |
00011773 |
|
|
|
|
Name : |
Mr. Natwarlal Meghjibhai Patel |
|
Designation : |
Managing director |
|
Address : |
6-B, Ashok Vatika No.1, Opposite Ekta Farm, Ambli, Bopal Road, Bodakdev,
Ahmedabad – 380058, Gujarat, India |
|
Date of Birth/Age : |
01.06.1953 |
|
Qualification : |
M.Sc. |
|
Date of Appointment : |
22.02.1993 |
|
PAN No.: |
AAUPP1727H |
|
DIN No.: |
00027540 |
|
|
|
|
Name : |
Mr. Rameshbhai Meghjibhai Patel |
|
Designation : |
Managing director |
|
Address : |
No.54, Shreenath Park Society, Behind Avishkar Party Plot, Manekbaug,
Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
01.03.1956 |
|
Qualification : |
B.A. |
|
Date of Appointment : |
22.02.1993 |
|
PAN No.: |
ABHPP4316J |
|
DIN No.: |
00027637 |
|
|
|
|
Name : |
Mr. Keyur Balkrishna Thakkar |
|
Designation : |
Director |
|
Address : |
L-14/265, Satyagraha Chhavani Society, Satellite Road, Ahmedabad –
380015, Gujarat, India |
|
Date of Birth/Age : |
06.04.1968 |
|
Qualification : |
B.Com., FCA |
|
Date of Appointment : |
10.04.2007 |
|
DIN No.: |
01490623 |
|
|
|
|
Name : |
Mr. Saroj Narayan Mohanty |
|
Designation : |
Director |
|
Address : |
C-103, West View CHS, Plot No.6, Sector 2, Charkop, Kandivali (West),
Mumbai – 400067, Maharashtra, India |
|
Date of Birth/Age : |
27.01.1953 |
|
Qualification : |
M.Sc. |
|
Date of Appointment : |
27.06.2011 |
|
DIN No.: |
03413326 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.07.2013
|
Names of Shareholders |
|
No. of Shares |
|
Natwarlal Meghjibhai Patel |
|
897250 |
|
Bhartiben Natwarlal Patel |
|
212500 |
|
Disha Natwarlal Patel |
|
25000 |
|
Ankit Natwarlal Patel |
|
215000 |
|
Rameshbhai Meghjibhai Patel |
|
790000 |
|
Kalpanaben Rameshbhai Patel |
|
7500 |
|
Karan Rameshbhai Patel |
|
82500 |
|
Vaishakhi Rameshbhai Patel |
|
20000 |
|
Amitaben Kantibhai Patel |
|
886750 |
|
Lalit Kantibhai Patel |
|
140500 |
|
Jagrutiben Lalit Patel |
|
7500 |
|
Ganpatbhai Meghjibhai Patel |
|
288750 |
|
Praful Ganpatbhai Patel |
|
3000 |
|
Shardaben Popatbhai Patel |
|
512250 |
|
Popatbhai Meghjibhai Patel |
|
15250 |
|
Anil Popatbhai Patel |
|
7500 |
|
Prashant Popatbhai Patel |
|
5000 |
|
Kuverben Ishwerbhai Patel |
|
337250 |
|
Anand Patel |
|
12750 |
|
Darshan Anand Patel |
|
10000 |
|
Haribhai Meghjibhai Patel |
|
1500 |
|
Ravi Haribhai Patel |
|
10375 |
|
Kiranbhai Manshukhbhai Patel |
|
11875 |
|
|
|
|
|
Total |
|
4500000 |
AS ON 29.07.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Dyes, Agro Chemicals and Intermediates. |
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Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
· State Bank of India, Overseas Branch, 3rd Floor, Amrit Jayanti Bhavan, Navjivan PO, B/H Gujarat Vidyapith, Ahmedabad - 380014, Gujarat, India Dena Bank, 2nd Floor, Dena Laxmi Building, 188-A, Ashram
Road, Navarangpura, Ahmedabad - 380009, Gujarat, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Balkrishna T. Thakkar and Company Chartered Accountants |
|
Address : |
6th Floor, “Saffron”, Near Bank of Baroda, Ambawadi ,
Ahmedabad – 380006, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAGPT9505M |
|
|
|
|
Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
· Meghmani Dyes and Intermediates Limited [U24110GJ1999PLC036306] Meghmani Energy Limited [U40105GJ2006PLC048974] Meghmani Organics Limited [L24110GJ1995PLC024052] Tapasheel Enterprise Meghmani Specialty Chemicals Limited
[U24100GJ2007PLC051935] Meghmani Chemicals Patel Trading and Investment Company Synergy Chlorination Private Limited
[U24231GJ1993PTC020229] Unison Industries Limited [U24100GJ2007PLC051763] Fidelity Export Private Limited [U50101GJ1996PTC030122] Vanguard Overseas Limited [U51909GJ2002PLC041575] Meghmani Finechem Limited [U24100GJ2007PLC051717] Navratan Specialty Chemicals LLP |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 45.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
45.000 |
45.000 |
45.000 |
|
(b) Reserves & Surplus |
1356.455 |
1307.325 |
1421.933 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1401.455 |
1352.325 |
1466.933 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
602.839 |
708.871 |
225.431 |
|
(b) Deferred tax liabilities (Net) |
26.030 |
32.562 |
23.131 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
628.869 |
741.433 |
248.562 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
563.484 |
372.750 |
127.190 |
|
(b)
Trade payables |
509.403 |
353.012 |
243.797 |
|
(c)
Other current liabilities |
26.642 |
25.895 |
28.271 |
|
(d) Short-term
provisions |
2.742 |
2.861 |
13.461 |
|
Total Current
Liabilities (4) |
1102.271 |
754.518 |
412.719 |
|
|
|
|
|
|
TOTAL |
3132.595 |
2848.276 |
2128.214 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1131.623 |
870.389 |
427.625 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
8.335 |
212.435 |
347.009 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.005 |
0.005 |
12.002 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
24.561 |
26.265 |
14.831 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1164.524 |
1109.094 |
801.467 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
80.000 |
|
(b)
Inventories |
737.440 |
696.673 |
503.972 |
|
(c)
Trade receivables |
1051.869 |
848.362 |
602.148 |
|
(d) Cash
and cash equivalents |
46.553 |
61.311 |
80.425 |
|
(e)
Short-term loans and advances |
23.087 |
32.528 |
3.923 |
|
(f)
Other current assets |
109.122 |
100.308 |
56.279 |
|
Total
Current Assets |
1968.071 |
1739.182 |
1326.747 |
|
|
|
|
|
|
TOTAL |
3132.595 |
2848.276 |
2128.214 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
2259.080 |
1761.326 |
1939.838 |
|
|
|
Other Income |
9.351 |
14.273 |
10.592 |
|
|
|
TOTAL (A) |
2268.431 |
1775.599 |
1950.430 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1302.279 |
1257.796 |
1145.031 |
|
|
|
Purchases of stock-in-trade |
185.914 |
174.017 |
102.075 |
|
|
|
Changes in inventories
of finished goods, work-in-progress and stock-in-trade |
27.801 |
(72.498) |
(54.824) |
|
|
|
Employee benefit expense |
68.011 |
60.587 |
42.046 |
|
|
|
Other expenses |
483.300 |
367.002 |
395.554 |
|
|
|
TOTAL (B) |
2067.305 |
1786.904 |
1629.882 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
201.126 |
(11.305) |
320.548 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
84.211 |
43.234 |
2.907 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
116.915 |
(54.539) |
317.641 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
74.256 |
59.585 |
36.568 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
42.659 |
(114.124) |
281.073 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(6.471) |
0.484 |
29.432 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
49.130 |
(114.608) |
251.641 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
995.325 |
1109.933 |
898.765 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
30.013 |
|
|
|
Proposed Dividend |
0.000 |
0.000 |
9.000 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
1.460 |
|
|
BALANCE CARRIED
TO THE B/S |
1044.455 |
995.325 |
1109.933 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1471.343 |
740.513 |
718.346 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.92 |
(25.47) |
55.92 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.17
|
(6.45) |
12.90 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.89
|
(6.48) |
14.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.37
|
(4.33) |
15.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
(0.08) |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.83
|
0.80 |
0.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.79
|
2.31 |
3.21 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
|
HIGH COURT OF
GUJARAT TAX APPEAL No. 2067 of
2009 |
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|
Status:
PENDING (
Converted from : ST/2295/2009 ) CCIN No: 001092200902067 Last Listing Date: 13/04/2011 Coram: - HONOURABLE MR.JUSTICE AKIL KURESHI HONOURABLE MS JUSTICE SONIA GOKANI |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
S.NO. |
Name of the
Petitioner |
Advocate On
Record |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1 |
COMMISSIONER OF INCOME TAX CENTRAL - I |
MRS MAUNA M BHATT for: Appellant(s) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
S.NO. |
Name of the
Respondant |
Advocate On
Record |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1 |
MEGHMANI INDUSTRIES LIMITED |
MRS SWATI SOPARKAR for :Opponent(s) |
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|
Presented On : 02/07/2009 Registered
On : 02/07/2009 Bench Category : DIVISION BENCH District : AHMEDABAD Case Originated From: THROUGH ADVOCATE Listed : 2 times Stage Name : TAX APPEALS -
GROUP B MATTERS
Office Details |
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|
S. No |
Filing Date |
Document Name |
Advocate Name |
Court Fee on
Document |
Document Details |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1 |
02/07/2009 |
MEMO OF APPEAL/PETITION/SUIT |
MRS MAUNA M BHATT ADVOCATE |
20 |
MRS MAUNA M
BHATT:1 |
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|
2 |
15/08/2009 |
VAKALATNAMA |
MRS MAUNA M BHATT ADVOCATE |
- |
MRS MAUNA M
BHATT:1 |
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|
3 |
15/08/2009 |
VAKALATNAMA |
MRS SWATI SOPARKAR ADVOCATE |
- |
MRS SWATI
SOPARKAR:1 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
4 |
18/04/2011 |
VAKALATNAMA |
MRS SWATI SOPARKAR ADVOCATE |
5 |
MRS SWATI
SOPARKAR:1 |
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|
Linked Matters
Court
Proceedings
Available Orders
Certified Copy
|
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INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10363110 |
27/06/2012 |
60,000,000.00 |
DENA BANK |
2ND FLOOR, DENA LAXMI BUILDING, 188-A, ASHRAM ROAD, NAVARANGPURA, AHMEDABAD - 380009, GUJARAT, INDIA |
B42674184 |
|
2 |
10148356 |
13/08/2009 * |
70,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL [WEST], MUMBAI - 400013, MAHARASHTRA, INDIA |
A69011583 |
|
3 |
90102662 |
30/03/2012 * |
1,226,700,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, 3RD FLOOR, AMRIT JAYANTI BHAVAN, NAVJIVAN PO, B/H GUJARAT VIDYAPITH, AHMEDABAD - 380014, GUJARAT, INDIA |
B37954781 |
|
4 |
90100400 |
30/03/2012 * |
1,226,700,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, 3RD FLOOR, AMRIT JAYANTI BHAVAN, NAVJIVAN PO, B/H GUJARAT VIDYAPITH, AHMEDABAD - 380014, GUJARAT, INDIA |
B37886322 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
277.555 |
246.230 |
|
Loans and advances from related parties |
65.374 |
109.374 |
|
|
|
|
|
Total |
342.929 |
355.604 |
FIXED ASSETS:
·
Office building
Factory
building
Factory
equipments
Other
pollution reduction equipment
Other
plant and equipment
Furniture
and fixtures
Vehicles
Motor
vehicles
Computer
equipments
Other
equipments
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. 62.39 |
|
|
1 |
Rs. 101.80 |
|
Euro |
1 |
Rs. 84.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
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 |
|
DEFAULTERS |
|
|
|
--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.