MIRA INFORM REPORT
|
Report Date : |
01.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHRIJI POLYMERS (INDIA) LIMITED (w.e.f. 16.09.2011) |
|
|
|
|
Formerly Known
As : |
SHRIJI POLYMERS (INDIA) PRIVATE LIMITED (w.e.f. 10.12.2004) SELVEL COMMERCIAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
15D, Industrial Area, Maxi Road, Ujjain-456010, Madhya Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
18.07.1996 |
|
|
|
|
Com. Reg. No.: |
10-011027 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 110.951 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51102MP1996PLC011027 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS6990E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited
Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Packing Material like Plastic Bottles and
Plastics Caps. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
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 940000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
Trade relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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. Rakesh Bhatnagar |
|
Designation : |
Marketing Head |
|
Contact No.: |
91-9425917871 |
LOCATIONS
|
Registered Office / Factory: |
15D, Industrial Area, Maxi Road, Ujjain-456010, Madhya Pradesh, India |
|
Tel. No.: |
91-734-2524071 / 73 |
|
Mobile No.: |
91-9425917871 / 9752412220(Mr. Rakesh Bhatnagar) |
|
Fax No.: |
91-734-2526645 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Anand Bangur |
|
Designation : |
Managing director |
|
Address : |
`Shrinilayam' 1, Ramkrishna Colony, Dewas Road, Ujjain-456010, Madhya Pradesh, India |
|
Date of Birth/Age : |
26.03.1963 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.02.2011 |
|
PAN No.: |
ABRPB5355M |
|
DIN No.: |
00017170 |
|
|
|
|
Name : |
Mr. Vishnu Jajoo |
|
Designation : |
Whole-time director |
|
Address : |
106, Shivaji Park Colony, Dewas Road, Ujjain- 456010, Madhya Pradesh, India |
|
Date of Birth/Age : |
10.11.1975 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.02.2011 |
|
PAN No.: |
ABMPJI228Q |
|
DIN No.: |
00806268 |
|
|
|
|
Name : |
Mr. Sharad Mohan Jhanwar |
|
Designation : |
Director |
|
Address : |
210, Laxmi Nagar, Opposite Mahaveer Digamber Jain Temple, Ujjain- 456010, Madhya Pradesh, India |
|
Date of Birth/Age : |
11.12.1956 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
03268856 |
|
|
|
|
Name : |
Beni Gopal Lahoti |
|
Designation : |
Director |
|
Address : |
69, Veer Durga Das Nagar, Pali- 306401, Rajashthan, India |
|
Date of Birth/Age : |
04.07.1957 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.06.2011 |
|
DIN No.: |
01471115 |
|
|
|
|
Name : |
Mr. Banwari Lal Kasat |
|
Designation : |
Director |
|
Address : |
Flat No. 402, Dilpasand Residency, Manorama Ganj, Indore-452001, Madhya Pradesh, India |
|
Date of Birth/Age : |
06.09.1950 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.06.2011 |
|
DIN No.: |
03569703 |
KEY EXECUTIVES
|
Name : |
Mr. Rakesh |
|
Designation : |
Marketing Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Jajoo Vishnu |
|
808610 |
|
Bangur Anand |
|
3648040 |
|
Swati Comm. Private Limited, India |
|
1694000 |
|
Arpit Packaging Private Limtied, India |
|
891000 |
|
Vyanktesh Securities Private Limited, India |
|
1199000 |
|
Somani Veena |
|
935000 |
|
Bangur Anusha |
|
429000 |
|
Dyuti Jajoo U/G Shweta Jajoo |
|
599500 |
|
Kriti Jajoo U/G Shweta Jajoo |
|
354750 |
|
Jajoo B.S. |
|
436150 |
|
Navyug Vyapaar Private Limited, India |
|
100000 |
|
Total |
|
11095050 |
As on 28.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
35.01 |
|
Directors or relatives of Directors |
64.99 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Packing Material like Plastic Bottles and
Plastics Caps. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Packing Material like Plastic Bottles and Plastics Caps |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C, Cash and Credit |
||||
|
|
|
||||
|
Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
|
Containers |
MT |
992 |
992 |
|
Closures |
No. |
135 Lakhs |
135 Lakhs |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
300 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
|
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V.K. Ladha and Associates Chartered Accountants |
|
Address : |
36, Dravid Margkshir Sagar Colony, Ujjain-456001, Madhya Pradesh, India |
|
PAN No.: |
AACFV8671N |
|
|
|
|
Other Related
Parties : |
v Shriniwas Containers and Closoures Private Limited v Tirrupati Corrugated v Shree Packers v Arpit Plastics Private Limited v Padma
Polytex Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16000000 |
Equity Shares |
Rs.10/- each |
Rs. 160.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11095050 |
Equity Shares |
Rs.10/- each |
Rs. 110.951 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
110.951 |
9.996 |
|
(b) Reserves & Surplus |
|
124.110 |
135.412 |
|
(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) |
|
235.061 |
145.408 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
94.063 |
40.723 |
|
(b) Deferred tax liabilities (Net) |
|
15.870 |
10.491 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
109.933 |
51.214 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
38.312 |
20.158 |
|
(b) Trade payables |
|
40.381 |
38.399 |
|
(c) Other current liabilities |
|
42.845 |
7.818 |
|
(d) Short-term provisions |
|
31.065 |
23.565 |
|
Total Current
Liabilities (4) |
|
152.603 |
89.940 |
|
|
|
|
|
|
TOTAL |
|
497.597 |
286.562 |
|
|
|
|
|
|
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
127.872 |
81.879 |
|
(ii) Intangible Assets |
|
0.833 |
0.933 |
|
(iii) Capital work-in-progress |
|
148.255 |
11.310 |
|
(iv) Intangible assets under development |
|
6.144 |
3.910 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
29.894 |
25.773 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
312.998 |
123.805 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
51.970 |
53.265 |
|
(c) Trade receivables |
|
94.441 |
88.791 |
|
(d) Cash and cash equivalents |
|
10.110 |
0.267 |
|
(e) Short-term loans and advances |
|
3.183 |
6.808 |
|
(f) Other current assets |
|
24.895 |
13.626 |
|
Total Current Assets |
|
184.599 |
162.757 |
|
|
|
|
|
|
TOTAL |
|
497.597 |
286.562 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
9.996 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
91.875 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
101.871 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
38.810 |
|
|
2] Unsecured Loans |
|
|
0.197 |
|
|
TOTAL BORROWING |
|
|
39.007 |
|
|
DEFERRED TAX LIABILITIES |
|
|
9.003 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
149.881 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
72.860 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
38.100 |
|
|
Sundry Debtors |
|
|
68.872 |
|
|
Cash & Bank Balances |
|
|
8.119 |
|
|
Other Current Assets |
|
|
27.061 |
|
|
Loans & Advances |
|
|
15.591 |
|
Total
Current Assets |
|
|
157.743 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
58.968 |
|
|
Other Current Liabilities |
|
|
3.414 |
|
|
Provisions |
|
|
18.340 |
|
Total
Current Liabilities |
|
|
80.722 |
|
|
Net Current Assets |
|
|
77.021 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
149.881 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
488.326 |
392.200 |
318.906 |
|
|
|
Other Income |
6.594 |
1.890 |
4.787 |
|
|
|
TOTAL (A) |
494.920 |
394.090 |
323.693 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
321.331 |
|
|
|
|
|
Employee benefit expense |
19.057 |
13.778 |
258.933 |
|
|
|
Other expenses |
43.698 |
54.880 |
|
|
|
|
Exceptional Items |
5.360 |
1.007 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(5.213) |
1.848 |
|
|
|
|
TOTAL (B) |
384.233 |
313.727 |
258.933 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
110.687 |
80.363 |
64.760 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.650 |
7.139 |
5.344 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
103.037 |
73.224 |
59.416 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.409 |
4.661 |
3.785 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
95.628 |
68.543 |
55.631 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
32.451 |
23.825 |
19.447 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
63.177 |
44.738 |
36.184 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
6.845 |
11.660 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
NA |
NA |
0.999 |
|
|
|
Transfer to General Reserve |
NA |
NA |
40.000 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
6.845 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods calculated on FOB basis |
7.300 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
7.300 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
58.901 |
73.621 |
NA |
|
|
|
Capital Goods |
12.105 |
2.839 |
NA |
|
|
TOTAL IMPORTS |
71.006 |
76.460 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
9.96 |
44.81 |
|
|
%20LIMITED%20-%20238251%2001-Oct-2013_files/image001.gif){kind=small}
|
Particulars |
|
|
31.03.2013 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
530.000 |
|
|
|
|
|
Expected Sales (2013-2014): Rs. 600.000 millions
The above information has been parted by Mr. Rakesh Bhatnagar (Marketing
Head)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
12.77
|
11.35 |
11.18 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
19.58
|
17.48 |
17.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
27.86
|
25.27 |
24.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41
|
0.47 |
0.55 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.56
|
0.41 |
0.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21
|
1.81 |
1.95 |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
YEAR UNDER REVIEW
Sales of the Company have registered an increase of 24.51% over the sales of the previous year. The said increase is due to strict quality controls at various levels and product friendly market of the products of the Company.
Further Addition in clients has fuelled growth in the year coupled with results of studies at clients level is over. This has added more market for the Company. Addition of product range has also made the Company's growth earlier and faster.
During the year under review, the Company has :
a. commissioned one Wind Mill in Vill. Nandvel, Dist. Mandsaur at a cost of Rs.37.185 millions to generate electric energy for sale and/or captive consumption. The production of electric energy has been started and generated 2710 units upto 31st March 2012
The Company has entered into an agreement with M.P. Power Management Company Limited on 20.06.2012 for sale of electric energy so produced for a period of 25 years.
b. set up manufacturing facilities for containers and closures at Indore SEZ in Pithampur, Dist. Dhar (MP). The Company has begun the trial run of the Plant and the quality of end product is upto the standards set for the same.
c. purchased the assets comprising of Land, Buildings, Sheds and Plant and Machinery of the going concern in the State of Goa at a cost of Rs. 47.000 millions.
The line of manufacturing of the aforesaid concern is similar to that of the Company
MERGER/AMALGAMATION
To pool the resources, The Directors have approved the merger of the going concern Shriniwas Containers and Closures Private Limited with the Company which is subject to the applicable provisions of the Companies Act, 1956 and approval of the Hon'ble High Court having jurisdiction over the Companies.
The Company has filed the necessary petition to the Hon'ble High Court, M.P. bench at Indore for necessary orders in the matter of merger as aforesaid.
Further, the Hon'ble High Court of M.P. bench at Indore has issued necessary directions for convening of the Meetings of Shareholders, Creditors and Unsecured Creditors to be held on September 8, 2012.
UNSECURED LOAN
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Loans and advances from related parties |
27.575 |
33.660 |
|
Total |
27.575
|
33.660 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10421966 |
25/04/2013 |
40,000,000.00 |
BANK OF BARODA |
KSHIRSAGR, UJJAIN, Madhya Pradesh - 456006, INDIA |
B73794133 |
|
2 |
10403405 |
31/01/2013 |
211,000,000.00 |
STATE BANK OF INDIA |
FREEGANJ, UJJAIN, Madhya Pradesh - 456010, INDIA |
B68281757 |
|
3 |
10376683 |
16/08/2012 * |
40,000,000.00 |
BANK OF BARODA |
KSHIRSAGAR, UJJAIN, Madhya Pradesh - 456006, INDIA |
B58286170 |
|
4 |
10364434 |
09/07/2012 |
7,500,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
FIRST FLOOR, 20 A/R, M.P. NAGAR ZONE II, BHOPAL, |
B43173806 |
|
5 |
10341748 |
12/06/2012 * |
25,600,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
20 A/R, 1ST FLOOR, M.P NAGAR ZONE - II, BHOPAL, Madhya Pradesh - 462011, INDIA |
B45036191 |
|
6 |
10299749 |
02/08/2011 |
65,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
SHIKHAR VARTA BLDG. 3RD FLOOR, PRESS COMPLEX, M.P. NAGAR ZONE - I, BHOPAL, Madhya Pradesh - 462011, INDIA |
B17904392 |
|
7 |
10278799 |
14/06/2011 * |
76,930,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
SHIKHAR VARTA BLDG, 3RD FLOOR, PRESS COMPLEX, M. |
B16026395 |
|
8 |
10207359 |
18/03/2010 |
5,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
SIDBI TOWER, 15 Ashok Marg, Lucknow, Uttar Pradesh - 226001, INDIA |
A81495087 |
|
9 |
10157837 |
28/10/2009 * |
2,600,000.00 |
State Bank of Indore |
L.M. Complex, Freeganj Branch, Ujjain, Madhya Pradesh - 456010, INDIA |
A73556862 |
|
10 |
10130824 |
27/02/2012 * |
60,000,000.00 |
BANK OF BARODA |
Kshirsagar Branch, Ujjain, Madhya Pradesh - 456006, INDIA |
B35324763 |
|
11 |
10119330 |
27/08/2008 |
5,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
`SIDBI TOWER', 15, ASHOK MARG, LUCKNOW, Uttar Pradesh - 226001, INDIA |
A44588663 |
* Date of charge modification
CONTINGENT
LIABILITIES (TO THE EXTENT NOT PROVIDED FOR) :
(Rs. in millions)
|
PARTICULARS |
31.03.2012 |
|
Income Tax Matters |
1.084 |
|
Sales Tax Matters |
0.965 |
FIXED ASSETS
v
Tangible
Assets
- Freehold Land
- Lease Hold Land
- Buildings
- Plant and Equipment
- Wind Mill
- Furniture and Fixtures
- Vehicles
- Office equipment
v
Intangible
Assets
- Software
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.62.78 |
|
|
1 |
Rs.101.41 |
|
Euro |
1 |
Rs.84.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
DPH |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.