MIRA INFORM REPORT
|
Report Date : |
23.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
BOTHRA METALS AND ALLOYS LIMITED |
|
|
|
|
Formerly Known
As : |
BOTHRA METALS AND ALLOYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Bothra House, 5, Assembly Lane, 3rd Floor, Dadi Seth Agyari
Lane, Kalbadevi, Mumbai-400002 Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.11.2001 |
|
|
|
|
Com. Reg. No.: |
11-133926 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 159.186 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L27100MH2001PLC133926 |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Aluminium Extrusions and Windows |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 830000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Reserves of the company appear to be low during 2012. However, trade relations are reported as fair. Business is active. Payments
are reported to be slow. The company can be considered for business dealing with some caution. |
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
India’s current
account deficit or CAD in April-June widened to 4.9 % of gross domestic
product. High imports of gold and oil led to a worsening of the traqde deficit,
resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9
billion in the corresponding quarter of the previous financial year. The
government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from
4.8 % or $ 88.2 billion in 2012/13.
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
B (Long Term Rating) (Suspended) |
|
Rating Explanation |
Have high risk of default |
|
Date |
23.09.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A4 (Short Term Rating) (Suspended) |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
23.09.2013 |
Reason for Suspension: The rating is on account of non co-operation by
bothra with Crisil’s efforts to undertake review of the ratings outstanding.
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 BY
Management non co-operative
LOCATIONS
|
Registered Office : |
Bothra House, 5, Assembly Lane, 3rd Floor, Dadi Seth Agyari
Lane, Kalbadevi, Mumbai-400002 Maharashtra, India |
|
Tel. No.: |
91-22-22085017 / 32120179 |
|
Fax No.: |
91-22-32120179 / 22031566 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Factory : |
210/110/2/1, Mouza Kheri, Trilokpur Road, Kala-Amb, Tehsil-Nahan,
District Sirmour, Himachal Pradesh, India |
|
Tel. No.: |
91-172-2576110 |
|
|
|
|
Delhi Office : |
2862, Chuna Mandi, Gali No.5, 3rd Floor, Paharganj, New
Delhi-1100055, India |
|
Tel. No.: |
91-11-20321398 |
|
|
|
|
Jaipur Office : |
C-8, Industrial Area, Bais Godam, Jaipur-302006, Rajasthan, India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Sunderlal Likhmichand Bothra |
|
Designation : |
Managing Director |
|
Address : |
Room No.25, 3rd Floor, 37 Ramwadi, Kalbadevi, Mumbai –
400002, |
|
Date of Birth/Age : |
15.08.1971 |
|
Date of Appointment : |
09.11.2001 |
|
PAN No.: |
ABZPB2126N |
|
DIN No.: |
00737982 |
|
|
|
|
Name : |
Mr. Kishanlal Likhamichand Bothra |
|
Designation : |
Director |
|
Address : |
Room No.25, 3rd Floor, 37 Ramwadi, Kalbadevi, Mumbai –
400002, |
|
Date of Birth/Age : |
15.08.1976 |
|
Date of Appointment : |
06.01.2006 |
|
PAN No.: |
AEBPB5504R |
|
DIN No.: |
00738027 |
|
|
|
|
Name : |
Mr. Narendra Kumar Likhamichand Bothra |
|
Designation : |
Director |
|
Address : |
Room No.25, 3rd Floor, 37 Ramwadi, Kalbadevi, Mumbai – 400002,
|
|
Date of Birth/Age : |
10.03.1973 |
|
Date of Appointment : |
03.09.2005 |
|
PAN No.: |
AERPB4118F |
|
DIN No.: |
00738065 |
|
|
|
|
Name : |
Mr. Sardarmal Chogaram Suthar |
|
Designation : |
Director |
|
Address : |
Room No.24, 3rd Floor, 37 Ramwadi, Kalbadevi, Mumbai –
400002, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1971 |
|
Date of Appointment : |
09.11.2001 |
|
PAN No.: |
CVVPS8758P |
|
DIN No.: |
00738092 |
|
|
|
|
Name : |
Mr. Sanjay K Deokar |
|
Designation : |
Additional Director |
|
Address : |
72, Bhavanagri Building, Nanubhai Desai Road, Mumbai-400004,
Maharashtra, India |
|
Date of Birth/Age : |
05.04.1969 |
|
Date of Appointment : |
03.08.2010 |
|
DIN No.: |
02220593 |
|
|
|
|
Name : |
Mr. Nirmal Daga |
|
Designation : |
Director |
|
Address : |
Schineider Electric India Private Manager Tnedering, 9th
Floor, DLF Building No.10, Tower C, DLF Cyber City, Phase-2, Guragon-122002,
Haryana, India |
|
Date of Birth/Age : |
24.04.1981 |
|
Date of Appointment : |
18.03.2011 |
|
DIN No.: |
03428898 |
|
|
|
|
Name : |
Mr. Ashok Surana |
|
Designation : |
Additional Director |
|
Address : |
A-803, Cosmos, Valley of Flowers, Thakur Village, Kandivali (East),
Mumbai-400101, Maharashtra, India |
|
Date of Birth/Age : |
19.02.1966 |
|
Date of Appointment : |
18.03.2011 |
|
DIN No.: |
02799316 |
|
|
|
|
Name : |
Mr. Kavindra Kumar Chhajer |
|
Designation : |
Director |
|
Address : |
A-383, Shastri Nagar, Delhi-110052, India |
|
Date of Birth/Age : |
19.06.1966 |
|
Date of Appointment : |
15.02.2012 |
|
DIN No.: |
05201802 |
KEY EXECUTIVES
|
Name : |
Mr. Ajitbhai Mahadevbhai Vanol |
|
Designation : |
Company Secretary |
|
Address : |
302, Ganesh Complex, Hariom Society, Katargam Road, Surat-395004, Gujarat,
India |
|
Date of Birth/Age : |
28.02.1990 |
|
Date of Appointment : |
07.07.2012 |
|
PAN No.: |
AGZPV3533C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Sunderlal L. Bothra |
4233780 |
|
Kishanlal L. Bothra |
1772700 |
|
Sardarmal C. Suthar |
2399820 |
|
Narendra L. Bothra |
1434700 |
|
Mulchand Bothra |
172560 |
|
Ashok Surana |
32000 |
|
Dimple Bothra |
1055000 |
|
Madhu Bothra |
198140 |
|
Sardarmal Suthar H.U.F. |
48560 |
|
Sayardevi Bothra |
1857280 |
|
Sudha Bothra |
137000 |
|
Manju Bothra |
2166280 |
|
Narendra Bothra H.U.F. |
8420 |
|
Sunderlal Bothra H.U.F. |
107420 |
|
Kishanlal Bothra H.U.F. |
9280 |
|
Sunderlal Bothra (Partner
in SSL) |
285700 |
|
TOTAL
|
15918640 |
AS ON 20.03.2013
Note: List of
allottees file attached
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Aluminium Extrusions and Windows |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
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Bankers : |
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||||||||||||||||||||||||
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Facilities : |
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|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R T Jain and Company Chartered Accountant |
|
Address : |
033605, Lotus Building, 2nd Floor, 59, Mohamedali Road,
Mumbai-400023, Maharashtra, India |
|
PAN No.: |
AANFR3432Q |
|
|
|
|
Associates : |
SSL International Mahaveer
Extrusions Private Limited CIN No.: U74999MH2008PTC177320 |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15918640 |
Equity Shares |
Rs.10/- each |
Rs. 159.186
Millions |
|
|
|
|
|
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18516640 |
Equity Shares |
Rs.10/- each |
Rs. 185.166
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 |
|
159.186 |
79.593 |
|
(b) Reserves & Surplus |
|
49.648 |
90.374 |
|
(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) |
|
208.834 |
169.967 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
29.863 |
6.090 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
1.312 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
1.234 |
0.998 |
|
Total Non-current
Liabilities (3) |
|
31.097 |
8.400 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
306.626 |
166.348 |
|
(b) Trade
payables |
|
98.949 |
48.709 |
|
(c) Other
current liabilities |
|
15.683 |
21.094 |
|
(d) Short-term
provisions |
|
25.883 |
19.378 |
|
Total Current
Liabilities (4) |
|
447.141 |
255.529 |
|
|
|
|
|
|
TOTAL |
|
687.072 |
433.896 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
46.230 |
32.174 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
20.658 |
17.383 |
|
(iv)
Intangible assets under development |
|
0.617 |
0.507 |
|
(b) Non-current Investments |
|
0.034 |
0.031 |
|
(c) Deferred tax assets (net) |
|
0.379 |
0.000 |
|
(d) Long-term Loan and Advances |
|
81.837 |
27.577 |
|
(e) Other
Non-current assets |
|
3.244 |
0.000 |
|
Total Non-Current
Assets |
|
152.999 |
77.672 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
133.758 |
77.012 |
|
(c) Trade
receivables |
|
357.824 |
249.657 |
|
(d) Cash
and cash equivalents |
|
34.753 |
22.142 |
|
(e)
Short-term loans and advances |
|
6.675 |
4.049 |
|
(f) Other
current assets |
|
1.063 |
3.364 |
|
Total
Current Assets |
|
534.073 |
356.224 |
|
|
|
|
|
|
TOTAL |
|
687.072 |
433.896 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
15.101 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
87.150 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
102.251 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
71.536 |
|
|
2] Unsecured Loans |
|
|
12.313 |
|
|
TOTAL BORROWING |
|
|
83.849 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.369 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
187.469 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
36.778 |
|
|
Capital work-in-progress |
|
|
1.386 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
97.633 |
|
|
Sundry Debtors |
|
|
126.012 |
|
|
Cash & Bank Balances |
|
|
9.838 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
19.106 |
|
Total
Current Assets |
|
|
252.589 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
92.412 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
10.962 |
|
Total
Current Liabilities |
|
|
103.374 |
|
|
Net Current Assets |
|
|
149.215 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.090 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
187.469 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1115.659 |
1000.937 |
606.342 |
|
|
|
Other Income |
7.751 |
1.064 |
4.228 |
|
|
|
TOTAL (A) |
1123.410 |
1002.001 |
610.570 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
911.515 |
813.031 |
|
|
|
|
Purchase of Stock In Trade |
68.693 |
62.382 |
|
|
|
|
Employee benefits expenses |
4.052 |
3.175 |
|
|
|
|
Other Expenses |
74.013 |
62.038 |
|
|
|
|
Exceptional Items |
0.001 |
0.209 |
|
|
|
|
Extra Ordinary Items |
0.968 |
0.000 |
|
|
|
|
Prior Period Items |
(2.864) |
0.492 |
|
|
|
|
Changes in inventories of Finished goods, work in progress and stock
in trade |
(9.411) |
(4.527) |
|
|
|
|
TOTAL (B) |
1046.967 |
936.800 |
546.866 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
76.443 |
65.201 |
63.704 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
29.583 |
15.237 |
15.048 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
46.860 |
49.964 |
48.656 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.565 |
6.498 |
6.485 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
41.295 |
43.466 |
42.171 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.429 |
0.365 |
6.323 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
38.866 |
43.101 |
35.848 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
17.106 |
49.364 |
15.229 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
25.000 |
50.000 |
0.000 |
|
|
|
Proposed Dividend |
0.000 |
1.990 |
1.510 |
|
|
|
Tax on Dividend |
0.000 |
0.330 |
0.257 |
|
|
|
For Issue of Bonus Shares |
6.325 |
23.039 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
24.647 |
17.106 |
49.310 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.44 |
2.77 |
24.90 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.46
|
4.30 |
5.87 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.70
|
4.34 |
6.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.21
|
10.45 |
14.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.26 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.61
|
1.01 |
0.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19
|
1.39 |
2.44 |
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 |
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 |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from Directors |
2.050 |
0.000 |
|
Loans and advances from Others |
1.000 |
0.000 |
|
|
|
|
|
TOTAL |
3.050 |
0.000 |
CURRENT MATURITIES
OF LONG TERM DEBT
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current Maturities Of Long Term Debt |
2.085 |
0.112 |
NA |
|
|
|
|
|
|
TOTAL |
2.085 |
0.112 |
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 |
10423879 |
20/07/2013 * |
145,000,000.00 |
CORPORATION BANK |
SME-MAROL BRANCH, SARHAR BONANZA PLAZA,
MAROL, ANDHERI, KURLA ROAD, ANDHERI-EAST, MUMBAI, MAHARASHTRA - 400059, INDIA
|
B83462754 |
|
2 |
10325566 |
16/01/2012 * |
140,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI,
BARODA, GUJARAT - 390015, INDIA |
B30621718 |
|
3 |
10305004 |
12/08/2011 |
140,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA,
GUJARAT - 390015, INDIA |
B19952282 |
|
4 |
10045665 |
16/03/2011 * |
215,400,000.00 |
STATE BANK OF INDIA |
SME SHIVSAGAR ESTATE BRANCH, DR. ANNIE
BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B10364123 |
|
* Date of charge modification |
||||||
RESULTS OF
OPERATION REVIEW
During the current
year of operation, the company has shown a marked improvement as turnover has
increased to the extent of 11.21% from Rs. 1000.826 Millions during FY 2010-11 to
Rs. 1122.169 Millions during FY 2011-12
Profitability has
declined because of Foreign Exchange fluctuation loss, as Profit after Tax is
Rs. 38.866 Millions during FY 2011-12 as compared to Rs. 43.102 Millions during
FY 2010-11.
During the year,
Company has increased the production capacity at Bhavnagar Plant and got
required approval and at the same time, new plant set-up work at Sangli
(Maharashtra) is almost at the verge of completion and will be completed by
August, 2012 and production will start immediately.
During the year, the Company has appointed professional staff for better
results in future
FIXED ASSETS
- Land
- Buildings
- Factory
building
- Other
building
- Plant and
equipment
- Furniture and
fixtures
- Vehicles
- Motor
vehicles
- Office
equipment
- Computer
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. 61.78 |
|
UK Pound |
1 |
Rs. 99.65 |
|
Euro |
1 |
Rs. 84.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.