MIRA
INFORM REPORT
|
Report Date : |
15.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
PRS PERMACEL PRIVATE LIMITED (w.e.f.20.08.1999) |
|
|
|
|
Formerly Known
As : |
PERMACEL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
63, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
22.06.1999 |
|
|
|
|
Com. Reg. No.: |
11-120475 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1999PTC120475 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP17560E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP4401A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading in Self Adhesive Tapes and Labels. |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Permchand Roychand and Son’s Group. It is an established company having a satisfactory track record. There
appears some dip in the profitability of the company during the year 2012. However, net worth appears to be good. The subject gets strong support
from its group companies. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered normal for 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.
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 DENIED
Management non co-operative
LOCATIONS
|
Registered Office : |
63, |
|
Tel. No.: |
91-22-66358333 |
|
Fax No.: |
91-22-66358383 |
|
E-Mail : |
vdedhia@prs-permacel.com |
|
Website : |
|
|
Area : |
3500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory /
Branch Office 1 : |
Western Region : Mohile
Village, Safed Pool, Andheri-Kurla Road, Mumbai – 400072, Maharashtra, India |
|
Tel. No.: |
91-22-28563536 |
|
|
|
|
Sales and
Marketing Office : |
Plot No. PL-11/ 1, MIDC, Additional Ambernath
Industrial Area, Ambernath (East), Thane - 421506, Maharashtra, India |
|
Tel. No.: |
91-251-3082500 |
|
Fax No.: |
91-251-3082588 |
|
|
|
|
Branch
Office 2: |
Northern Region: 215, Suneja Tower, Plot
No.7, District Centre, Janak Puri, New Delhi –
110058, India |
|
Tel. No.: |
91-11-47616666 |
|
Fax No.: |
91-11-47616677 |
|
|
|
|
Branch
Office 3: |
Eastern Region: Ground
Floor, 99/5/8D, Ballygunge Place,
Kolkata - 700019, West Bengal,
India |
|
Tel. No.: |
91-33-24608562 /
24605561 |
|
Fax No.: |
91-33-24608563 |
|
|
|
|
Branch
Office 4: |
Southern Region: Office No. 5, 2nd Floor,
Ankur Plaza, 52, G.N. Chetty Road, T. Nagar, Chennai – 600017, Tamilnadu,
India |
|
Tel. No.: |
91-44-28155551/ 28153096 |
|
Fax No.: |
91-44-28153208 |
DIRECTORS
AS ON 06.09.2012
|
Name : |
Mr. Nityanand Shekar Shenoy |
|
Designation : |
Managing director |
|
Address : |
3/11 Jagdish Kunj, Rafi Ahmed Kidwai Road, Wadala, Mumbai – 400031,
Maharashtra, India |
|
Date of Birth/Age : |
30.01.1962 |
|
Qualification : |
B. Tech (ME), MBA |
|
Experience : |
27 Years |
|
Date of Appointment : |
03.01.2011 |
|
DIN No.: |
02624443 |
|
|
|
|
Name : |
Mr. Sushil Kishore Premchand |
|
Designation : |
Director |
|
Address : |
Madhukunj 7 Narayan,
Dhabolkar Road, Napean Sea Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
27.07.1945 |
|
Qualification : |
Economics Graduate, FCA |
|
Experience : |
45 Years |
|
Date of Appointment : |
05.08.1999 |
|
DIN No.: |
00571485 |
|
|
|
|
Name : |
Mr. Haridas Domba Suvarna |
|
Designation : |
Director |
|
Address : |
Spring Leaf, 4th
Floor, Flat No. 402, |
|
Date of Birth/Age : |
25.01.1959 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
05.08.1999 |
|
DIN No.: |
00063192 |
|
|
|
|
Name : |
Mr. Ramakrishna Rajasekharan Nair |
|
Designation : |
Director |
|
Address : |
785, Aavishkar Cross, IV Block , Koramnagala, Bangalore – 560034,
Karnataka, India |
|
Date of Birth/Age : |
02.07.1939 |
|
Date of Appointment : |
30.11.2006 |
|
DIN No.: |
00202551 |
|
|
|
|
Name : |
Mr. Viren Bhawanji Dedhia |
|
Designation : |
Whole-time director |
|
Address : |
507, Maheshwar Niketan,
Colbad Naka, Thane – 400601, Maharashtra, India |
|
Date of Birth/Age : |
22.03.1961 |
|
Qualification : |
B. Com, ACA |
|
Experience : |
26 Years |
|
Date of Appointment : |
23.03.2009 |
|
DIN No.: |
02624416 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 06.09.2012
|
Names of Shareholders |
No. of Shares |
|
Stock Traders Private Limited, |
458980 |
|
Preroy Holding AG, |
441000 |
|
Sushil Premchand |
10 |
|
Haridas Suvarna |
10 |
|
TOTAL
|
900000 |
AS ON 06.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional investor(s), Foreign
companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas
Corporate bodies or Others |
49.00 |
|
Bodies corporate |
50.99 |
|
Directors or relatives of Directors |
0.01 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading in Self Adhesive Tapes and Labels. |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Installed
Capacity (note
I, II and IV below) |
Actual
Production |
|
Tapes |
Various |
3700000 |
1038383 |
|
Labels |
Square Meters |
1000000 |
741434 |
Note:
(i)
Installed capacity is as certified by the
management, however being a technical matter, this has not been verified by the
auditors.
(ii)
Installed capacity is on two shift - 300 working
days per year basis.
(iii)
Under the Industrial Policy Statement dated 24th
July, 1991 and the notifications issued there under, no licensing is required
for the Company's products.
(iv)
Installed capacity as specified above is in square
meters.
GENERAL INFORMATION
|
Customers : |
Ø Tata Motors Ø Fiat Ø Bajaj Ø Skoda Auto Ø ABB Ø SKF Ø BHEL Ø Honda Ø Scomi Ø Mahindra Ø Ford Ø Jet Airways Ø Hyundai Ø Kingfisher Ø Siemens Ø Suzuki |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||
|
Bankers : |
Ø The Saraswat
Co-operative Bank Limited, SME Nariman Point Branch, Mittal Court A Wing, 1st
Floor, Vidhan Bhavan Marg, Nariman Point, Mumbai - 400021, Maharashtra, India Ø Yes Bank
Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road,
Worli, Mumbai - 400018, Maharashtra, India Ø ICICI Bank
Limited, ICICI Bank Towers, Bandra Kurla Complex, Mumbai-400051, Maharashtra,
India |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.V. Ghatalia and Associates Chartered Accountants |
|
Address : |
The Ruby, 16th Floor, 29 Senapati Bapat Marg, Mumbai – 400028.,
Maharashtra, India |
|
Tel. No.: |
91-22-61920000 |
|
Fax No.: |
91-22-61921000 |
|
PAN No.: |
AACFS6921Q |
|
|
|
|
Holding Company : |
Stock Traders Private Limited CIN No.:- U51900MH1937PTC002684 |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
|
8,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 80.000 Millions |
|
|
TOTAL |
|
Rs. 100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900,000 |
Equity Shares |
Rs. 10/- each |
Rs. 9.000
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 |
|
9.000 |
9.000 |
|
(b) Reserves & Surplus |
|
141.928 |
139.331 |
|
(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) |
|
150.928 |
148.331 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
181.642 |
244.120 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
24.429 |
24.430 |
|
(d) long-term provisions |
|
44.923 |
37.153 |
|
Total Non-current Liabilities (3) |
|
250.994 |
305.703 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
121.152 |
87.361 |
|
(b) Trade payables |
|
129.144 |
116.410 |
|
(c) Other current
liabilities |
|
150.376 |
103.971 |
|
(d) Short-term provisions |
|
3.926 |
5.164 |
|
Total Current Liabilities (4) |
|
404.598 |
312.906 |
|
|
|
|
|
|
TOTAL |
|
806.520 |
766.940 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
502.710 |
474.607 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
1.740 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.025 |
0.025 |
|
(c) Deferred tax assets (net) |
|
3.766 |
4.139 |
|
(d) Long-term Loan and Advances |
|
14.080 |
9.776 |
|
(e) Other Non-current assets |
|
0.000 |
0.059 |
|
Total Non-Current Assets |
|
520.581 |
490.346 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
77.483 |
70.864 |
|
(c) Trade receivables |
|
191.467 |
192.463 |
|
(d) Cash and cash
equivalents |
|
0.357 |
0.249 |
|
(e) Short-term loans and
advances |
|
16.632 |
13.018 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
285.939 |
276.594 |
|
|
|
|
|
|
TOTAL |
|
806.520 |
766.940 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
9.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
131.727 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
140.727 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
228.595 |
|
|
2] Unsecured Loans |
|
|
140.096 |
|
|
TOTAL BORROWING |
|
|
368.691 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
509.418 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
441.832 |
|
|
Capital work-in-progress |
|
|
25.015 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.025 |
|
|
DEFERRED TAX ASSETS |
|
|
14.454 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
69.618
|
|
|
Sundry Debtors |
|
|
178.734
|
|
|
Cash & Bank Balances |
|
|
3.405
|
|
|
Other Current Assets |
|
|
2.447
|
|
|
Loans & Advances |
|
|
28.813
|
|
Total
Current Assets |
|
|
283.017 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
113.704
|
|
|
Other Current Liabilities |
|
|
92.952
|
|
|
Provisions |
|
|
48.269
|
|
Total
Current Liabilities |
|
|
254.925 |
|
|
Net Current Assets |
|
|
28.092
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
509.418 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales excluding Excise Duty |
807.320 |
747.890 |
677.190 |
|
|
|
Other Income |
0.350 |
5.650 |
4.350 |
|
|
|
TOTAL |
807.670 |
753.540 |
681.540 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
735.595 |
647.883 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
17.945 |
33.657 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
9.225 |
11.607 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.710 |
8.720 |
22.050 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials |
|
147.191 |
156.464 |
|
|
|
Stores & Spares |
|
2.856 |
1.125 |
|
|
|
Capital Goods |
|
0.000 |
0.088 |
|
|
TOTAL IMPORTS |
NA |
150.047 |
157.677 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.12 |
9.69 |
24.50 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.46
|
1.16 |
3.24 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
2.40 |
4.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
2.36 |
4.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.12 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.01
|
2.23 |
2.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.71
|
0.88 |
1.11 |
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 |
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 |
Yes |
|
19] |
Payments terms |
No |
|
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 |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
LONG TERM
BOROWINGS |
|
|
|
Loan from related parties |
100.096 |
140.096 |
|
SHORT TERM
BORROWINGS |
|
|
|
Loan from related parties |
40.000 |
0.000 |
|
|
|
|
|
TOTAL |
140.096 |
140.096 |
CURRENT MATURITIES
OF LONG TERM DEBT
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current Maturities Of Long Term Borrowings |
51.571 |
47.082 |
NA |
|
|
|
|
|
|
TOTAL |
51.571 |
47.082 |
NA |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10443348 |
28/06/2013 |
815,000.00 |
ICICI Bank Limited |
ICICI BANK TOWERS, BANDRA KURLA COMPLEX,
MUMBAI, |
B82255043 |
|
2 |
10397150 |
03/01/2013 |
10,000,000.00 |
The Saraswat Cooperative Bank Limited |
SME NARIMAN POINT BRANCH, MITTAL COURT A
WING, 1ST |
B65946360 |
|
3 |
10273032 |
21/01/2011 |
20,000,000.00 |
The Saraswat Co-operative Bank Limited. |
FORT BRANCH, 379, SAILOR BUILDING, FORT,
MUMBAI, |
B06821870 |
|
4 |
10273047 |
21/01/2011 |
50,000,000.00 |
The Saraswat Co-operative Bank Limited. |
FORT BRANCH, 379 SAILOR BLDG., FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
B06822050 |
|
5 |
10222214 |
21/12/2012 * |
340,000,000.00 |
The Saraswat Co-Operative Bank Limited |
SME NARIMAN POINT BRANCH, MITTAL COURT A
WING, 1ST FLOOR, VIDHAN BHAVAN MARG, NARIMAN POINT, MUMBAI, MAHARASHTRA -
400021, INDIA |
B67846907 |
|
6 |
10233826 |
27/07/2009 |
20,000,000.00 |
The Saraswat Co-operative Bank Limited |
FORT BRANCH, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A72395148 |
|
7 |
10233823 |
27/07/2009 |
80,000,000.00 |
The Saraswat Co-operative Bank Limited |
FORT BRANCH, FORT, MUMBAI, MAHARASHTRA -
400001, INDIA |
A72394703 |
|
8 |
10038821 |
28/12/2012 * |
340,000,000.00 |
Yes Bank Limited |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF
INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - |
B66565078 |
|
9 |
10031478 |
27/09/2012 * |
160,000,000.00 |
Yes Bank Limited |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF
INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - |
B62360805 |
|
* Date of charge modification |
||||||
CORPORATE
INFORMATION
Subject was incorporated in India on June 22, 1999. The company is
principally engaged in the manufacturing and trading in self adhesives tapes
and labels. The company is a subsidiary of Stock Traders Private Limited.
Pursuant to an agreement for the purchase of the Permacel division of
Johnson and Johnson Limited, dated August 10, 1999 between J and J and the
company, the Permacel division was transferred to the company.
OPERATIONS
The Company posted decent growth in Sales and Earnings for the year
ended 31 March 2012. The aggregate of sales and other income of Rs. 807.670
Millions was achieved during the accounting year ended 31.03.2012, reflecting
7% growth over previous year. The Company made profit after tax of Rs. 3.710
Millions for the year ended 31.03.2012.
fixed assets
Ø Building
Ø Electrical Installations
Ø Plant and machinery
Ø Computers
Ø Vehicles
Ø Office Equipments
Ø Computers
Ø Leasehold Land
Ø Laboratory 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. 61.30 |
|
UK Pound |
1 |
Rs. 97.98 |
|
Euro |
1 |
Rs. 83.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
NAY |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.