MIRA
INFORM REPORT
|
Report Date : |
24.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
INOX AIR PRODUCTS LIMITED [w.e.f. 2000-01] |
|
|
|
|
Formerly Known
As : |
INDUSTRIAL
OXYGEN COMPANY LIMITED |
|
|
|
|
Registered
Office : |
7th Floor, Ceejay House, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
04.04.1963 |
|
|
|
|
Com. Reg. No.: |
11-012625 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.103.407 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24999MH1963PLC012625 |
|
|
|
|
TAN No.: [Tax Deduction and
Collection Account No.] |
PNEI00043B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI5569D |
|
|
|
|
Legal Form : |
A Closely held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Industrial Gases. |
|
|
|
|
No. of Employees
: |
650 (Approximately) |
RATING and COMMENTS
|
MIRA’s Rating : |
A (65) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial and operational base are regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 37000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject is a joint venture between the Jain family (former owners of
the Industrial Oxygen Company) and Air Products and Chemicals, Inc. It is a well-established and reputed company having fine track record.
Financial position of the company appears to be sound. Directors are
reported to be experienced and respectable businessmen. Over all fundamentals of the coampny appears
to be strong and healthy. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. Company can be considered good for normal business dealings at usual
trade terms and conditions. Note: Latest financials of 2013 is not available with us. |
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 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 |
Long term rating: AA |
|
Rating Explanation |
High degree of safety and low credit risk. |
|
Date |
28 December, 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
28 December, 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. More |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-40323195 |
|
Date : |
23.10.2013 |
LOCATIONS
|
Registered Office : |
7th Floor, Ceejay House, |
|
Tel. No.: |
91-22-40323195 / 40323960 |
|
Fax No.: |
91-22-40323191 / 40323991 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Raj Bhavan Road, Somajiguda, 6-3-902 / D / 202, F No.202, Durga Apartments, Hyderabad, Andhra Pradesh, India |
|
|
|
|
Factory 2 : |
Village Kunjhal, Industrial Area, Barotiwala, District Solan-174103, Himachal Pradesh, India |
|
Tel. No.: |
91-1795-271127 / 271128 |
|
Fax No.: |
91-1795-271115 |
|
|
|
|
Branch Office 3 : |
4th Floor, ABS Towers, Old Padra
Road, Vadodara – 390007, Gujarat, India |
|
Tel. No.: |
91-265-3056100 / 2338475 |
|
Fax No.: |
91-265-2333398 |
|
|
|
|
Factory : |
Also
Located At Ahmedabad Andaman and Nicobar Islands Andhra Pradesh Bangalore Butibori Barotiwala Bhopal Chennai Indore Jabalpur Jharkhand Jodhpur Jejuri Kalwe Karjan Kalol Mandi-Gobindgarh Mahrashtra Nasik Patalganga Pune Pondicherry Portblair Rajkot Surajpur Thane Tarapur Tadipatri Tamilnadu Uttar Pradesh Visakhapatnam Vashind West Bengal Wardha |
DIRECTORS
As on 11.09.2012
|
Name : |
Mr. Pavan Devendra Jain |
|
Designation : |
Managing Director |
|
Address : |
Benzer Terrace, 94 Worli Sea Face, Mumbai – 4000018, Maharashtra, India |
|
Date of Birth/Age : |
17.05.1951 |
|
Qualification : |
B.E.(Chem.) |
|
PAN No.: |
AAJPJ5851D |
|
Date of Appointment : |
17.10.2004 |
|
DIN No.: |
00030098 |
|
|
|
|
Name : |
Mr. John Walter Marsland |
|
Designation : |
Director |
|
Address : |
945, North 38th Street, Allentown, Pennsylvania, USA 18104 |
|
Date of Birth/Age : |
07.10.1966 |
|
Date of Appointment : |
14.12.2011 |
|
DIN No.: |
05152715 |
|
|
|
|
Name : |
Mr. David Roy Edmondson |
|
Designation : |
Director |
|
Address : |
Lindfields Oast House Lane Farnham, United Kingdom |
|
Date of Birth/Age : |
12.01.1960 |
|
Date of Appointment : |
14.12.2011 |
|
DIN No.: |
02544317 |
|
|
|
|
Name : |
Bruce Allan Schult |
|
Designation : |
Director |
|
Address : |
22, Woodgrove Avenue, Singapore 738064 |
|
Date of Birth/Age : |
05.11.1965 |
|
Qualification : |
B.Sc. and Mechanical Engineer |
|
Date of Appointment : |
22.09.2009 |
|
DIN No.: |
02796080 |
|
|
|
|
Name : |
Mr. Vivek Kumar Jain |
|
Designation : |
Director |
|
Address : |
47, Golf Links, New Delhi-110003, India |
|
Date of Birth/Age : |
30.08.1955 |
|
Date of Appointment : |
31.12.1984 |
|
DIN No.: |
00029968 |
|
|
|
|
Name : |
Mr. Subodh Kumar Jain |
|
Designation : |
Director |
|
Address : |
36, Golf Links, New Delhi – 110003, Delhi, India |
|
Date of Birth/Age : |
02.04.1952 |
|
Date of Appointment : |
17.07.1976 |
|
DIN No.: |
00031010 |
|
|
|
|
Name : |
Mr. Siddharth Jain |
|
Designation : |
Whole-time director |
|
Address : |
94, Benzar Terrace, Worli, Sea Face, Mumbai-400018, Maharashtra, India |
|
Date of Birth/Age : |
21.09.1978 |
|
Qualification : |
B.E.(Mech.) |
|
Date of Appointment : |
20.05.2003 |
|
PAN No.: |
ACYPJ7083L |
|
DIN No.: |
00030202 |
|
|
|
|
Name : |
Mr. Mark Anton Stoelinga |
|
Designation : |
Director |
|
Address : |
Flat No. 201, Building – D, Water Front, Near Gold GYM, Kalyani Nagar, Pune – 411006, Maharashtra, India |
|
Date of Birth/Age : |
15.11.1966 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
06474492 |
KEY EXECUTIVES
|
Name : |
Mr. Narendra Mehra |
|
Designation : |
Secretary |
|
Address : |
Ceejay House, 7th Floor, Dr. A. B.
Road, Worli, Mumbai-400018, Maharashtra,
India |
|
Date of Birth/Age : |
28.01.1954 |
|
Date of Appointment : |
02.06.2011 |
|
Pan No.: |
AAAPM1041K |
|
|
|
|
Name : |
Mr. More |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 11.09.2012
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
As on 11.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
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 |
49.74 |
|
Bodies corporate |
49.75 |
|
Other top fifty shareholders |
0.50 |
|
Others |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Industrial Gases. |
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|
Products : |
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IMPORT |
|
||||
|
Products : |
Raw Material |
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|
Countries : |
· Europe China America |
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|
Terms : |
|
||||
|
Selling : |
Cash and Credit |
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|
|
||||
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
Industrial and Medical Gases |
CuM / Lacs |
12220.05 |
7753.87** |
|
Air Separation Plants |
Nos. |
*** |
-- |
NOTES:
1)
* NA represents ‘Not Applicable’ in view of
Government of India Notification No. S.D.477 (E) dated 25.7.1991.
2)
** Including Production for Captive Consumption.
3)
*** In the opinion of the Management, in view of
the wide range of Air Separation Plants having different capacity etc., installed capacity cannot
4)
Oxygen, Nitrogen and Argon Gases are produced from
the same plant.
5)
Installed capacities are as certified by Management
on which the Auditors have relied, being a Technical matter.
GENERAL INFORMATION
|
Customers : |
·
OEM’s ·
End Users |
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|
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|
No. of Employees : |
650 (Approximately) |
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|
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|
Bankers : |
· Standard Chartered Bank, 23, Narain Manzil, Barakhamba Road, New Delhi - 110001, India Bank of Maharashtra Union Bank of India The Royal Bank of Scotland N.V. DBS Bank |
||||||||||||||||||||||||
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|
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|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Patankar and Associates Chartered Accountants |
|
Address : |
Ameya, 4, Anand Bag
Co-Operative Housing Society, 999, Navi Peth, Pune-411030, Maharashtra,
India |
|
Pan No.: |
AABFP8926B |
|
|
|
|
Joint venture : |
Bellary Oxygen Company Private Limited CIN No.: U40200KA2005PTC036482 |
|
|
|
|
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives: |
· Inox India Limited CIN No.: U99999GJ1976PLC018945 Gujarat Fluorochemicals Limited CIN No.: L24110GJ1987PLC009362 |
|
|
|
|
Enterprise having significant influence, its holding/associate
companies: |
· Air Products and Chemicals Inc. Air Products PLC Air Products (Middle East) FZE Air Products SA NV Air Products Singapore PTE Limited. Air Products GmbH Prodair Corporation Air Products San Fu Company Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs. 300.000 Millions |
|
1500000 |
Preference Shares |
Rs.100/- each |
Rs. 150.000 Millions |
|
|
TOTAL |
|
Rs. 450.000 Millions |
Issued, Subscribed and Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10340697 |
Equity Shares |
Rs.10/- each |
Rs. 103.407
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 |
|
103.407 |
103.407 |
|
(b) Reserves and Surplus |
|
9167.676 |
7423.644 |
|
(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) |
|
9271.083 |
7527.051 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2047.563 |
1943.996 |
|
(b) Deferred tax liabilities (Net) |
|
1537.986 |
1442.042 |
|
(c) Other long term liabilities |
|
389.848 |
358.170 |
|
(d) long-term provisions |
|
128.914 |
140.987 |
|
Total Non-current Liabilities (3) |
|
4104.311 |
3885.195 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.096 |
48.691 |
|
(b) Trade payables |
|
339.685 |
392.585 |
|
(c) Other current
liabilities |
|
1267.554 |
1180.992 |
|
(d) Short-term provisions |
|
139.769 |
110.234 |
|
Total Current Liabilities (4) |
|
1747.104 |
1732.502 |
|
|
|
|
|
|
TOTAL |
|
15122.498 |
13144.748 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
10088.140 |
9697.305 |
|
(ii) Intangible Assets |
|
9.174 |
19.587 |
|
(iii) Capital work-in-progress |
|
1041.562 |
158.696 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
150.025 |
165.030 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
890.252 |
659.573 |
|
(e) Other Non-current assets |
|
0.030 |
0.020 |
|
Total Non-Current Assets |
|
12179.183 |
10700.211 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
15.005 |
0.001 |
|
(b) Inventories |
|
478.256 |
422.533 |
|
(c) Trade receivables |
|
839.812 |
943.422 |
|
(d) Cash and cash
equivalents |
|
1124.342 |
600.217 |
|
(e) Short-term loans and
advances |
|
469.828 |
472.511 |
|
(f) Other current assets |
|
16.072 |
5.853 |
|
Total Current Assets |
|
2943.315 |
2444.537 |
|
|
|
|
|
|
TOTAL |
|
15122.498 |
13144.748 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
103.407 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves and Surplus |
|
|
6003.429 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
6106.835 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3676.040 |
|
|
2] Unsecured Loans |
|
|
344.498 |
|
|
TOTAL BORROWING |
|
|
4020.538 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1314.190 |
|
|
OTHER LIABILITIES |
|
|
313.803 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
11755.366 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
9219.790 |
|
|
Capital work-in-progress |
|
|
868.398 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
165.026 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS and ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
352.226
|
|
|
Sundry Debtors |
|
|
724.707
|
|
|
Cash and Bank Balances |
|
|
110.458
|
|
|
Other Current Assets |
|
|
7.048
|
|
|
Loans and Advances |
|
|
1087.107
|
|
Total
Current Assets |
|
|
2281.546 |
|
|
Less : CURRENT
LIABILITIES and PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
500.254
|
|
|
Other Current Liabilities |
|
|
90.739
|
|
|
Provisions |
|
|
188.401
|
|
Total
Current Liabilities |
|
|
779.394 |
|
|
Net Current Assets |
|
|
1502.152
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
11755.366 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7473.671 |
7019.223 |
6026.819 |
|
|
|
Other Income |
406.207 |
106.917 |
141.657 |
|
|
|
TOTAL (A) |
7879.878 |
7126.140 |
6168.476 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
595.807 |
|
|
|
|
|
Purchases of stock-in-trade |
434.272 |
432.224 |
3539.191 |
|
|
|
Employee benefit expense |
638.249 |
564.044 |
|
|
|
|
Other expenses |
2881.940 |
2656.610 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(3.540) |
(9.240) |
|
|
|
|
TOTAL (B) |
4546.728 |
4065.649 |
3539.191 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
3333.150 |
3060.491 |
2629.285 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
162.412 |
243.392 |
323.418 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3170.738 |
2817.099 |
2305.867 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
700.057 |
709.499 |
631.899 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
2470.681 |
2107.600 |
1673.968 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
768.465 |
627.292 |
537.425 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
1702.216 |
1480.308 |
1136.543 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
207.817 |
787.600 |
1711.348 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
1660.091 |
2000.000 |
2000.000 |
|
|
|
Dividend |
51.703 |
51.703 |
51.703 |
|
|
|
Tax on Dividend |
8.388 |
8.388 |
8.587 |
|
|
BALANCE CARRIED
TO THE B/S |
249.942 |
207.817 |
787.601 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
3.894 |
15.552 |
48.887 |
|
|
|
Service Charges |
|
|
13.827 |
|
|
|
Transport Charges |
|
|
0.611 |
|
|
|
Other |
|
|
0.616 |
|
|
TOTAL EARNINGS |
3.894 |
15.552 |
63.941 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials |
889.261 |
118.169 |
101.318 |
|
|
|
Stores and Spares |
|
22.529 |
33.877 |
|
|
|
Capital Goods |
|
62.553 |
390.858 |
|
|
|
Traded Goods |
|
25.711 |
9.714 |
|
|
TOTAL IMPORTS |
889.261 |
228.962 |
535.767 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
164.61 |
143.15 |
109.91 |
|
|
Particulars |
|
|
31.03.2013 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
7500.000 (Due to market flucutaion) |
|
|
|
|
|
The above information has been parted by Mr. More (Accounts Department)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
31.35
|
20.77
|
18.43 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
33.06
|
30.03
|
27.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.74
|
16.44
|
14.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.28
|
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.22
|
0.26
|
0.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.24
|
0.23
|
2.93 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
951.961 |
1001.280 |
NA
|
|
|
|
|
|
|
Total |
951.961 |
1001.280 |
NA
|
|
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
four years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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
CASE DETAILS
BENCH:-BOMBAY
|
Presentation Date:- |
18/10/2013 |
||||
|
|
Lodging No.:- |
ITXAL/1758/2013 |
Filing Date:- |
18/10/2013 |
|
|
|
Petitioner:- |
THE COMMISSIONER OF INCOME –TAX-I,PUNE |
Respondent:- |
INOX AIR PRODUCTS LIMITED |
|
|
Petn.Adv.:- |
VIPUL ARUN BAJPAYEE |
|
|
|
District:- |
PUNE |
|
|
Bench:- |
DIVISION |
|
|
|
|
Status:- |
Pre-Admission |
Category:- |
TAX APPEALS |
|
|
Next Date:- |
25/10/2013 |
Stage:- |
|
|
|
Coram:- |
REGISTRAR(OS)/PROTHONOTARY & SR.
MASTER |
|
|
Act :- |
Income Tax Act, 1961 |
Under Section:- |
260A |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10417525 |
28/03/2013 |
545,000,000.00 |
THE ROYAL BANK OF SCOTLAND N V |
MAKER MAXITY, 4 NORTH AVENUE, BANDRA KURLA COMPLEX, MUMBAI - 400051, MAHARASHTRA, INDIA |
B72519309 |
|
2 |
10401702 |
09/05/2013 * |
554,800,000.00 |
STANDARD CHARTERED BANK |
23,NARAIN MANZIL, BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA |
B75322222 |
|
3 |
10277095 |
10/03/2011 |
532,200,000.00 |
BNP PARIBAS |
20, COLLYER QUAY, TUNG CENTRE, SINGAPORE, 049319, SINGAPORE |
B09583139 |
|
4 |
10243652 |
27/09/2010 |
135,000,000.00 |
BANK OF MAHARASHTRA |
628/629, SACHPIR STREET, CAMP BRANCH, PUNE - 411001, MAHARASHTRA, INDIA |
A96077201 |
|
5 |
10243568 |
27/09/2010 |
164,000,000.00 |
BANK OF MAHARASHTRA |
628/629, SACHPIR STREET, CAMP BRANCH, PUNE - 411001, MAHARASHTRA, INDIA |
A96077433 |
|
6 |
10243648 |
27/09/2010 |
415,000,000.00 |
BANK OF MAHARASHTRA |
628/629, SACHPIR STREET, CAMP BRANCH, PUNE - 411001, MAHARASHTRA, INDIA |
A96077565 |
|
7 |
10239286 |
15/09/2010 |
372,400,000.00 |
DBS BANK LIMITED |
FORT HOUSE, 3RD
FLOOR, 221, DR. D.N. ROAD, FORT, |
A94211620 |
|
8 |
10175688 |
14/09/2009 |
485,950,000.00 |
DBS BANK LIMITED |
FORT HOUSE, 3RD
FLOOR, 221, DR. D.N. ROAD, FORT, |
A69382380 |
|
9 |
10139022 |
21/01/2009 |
260,000,000.00 |
ABN AMRO BANK |
74, SAKHAR BHAVAN, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
A55101380 |
|
10 |
10096221 |
31/03/2008 |
550,000,000.00 |
BANK OF MAHARASHTRA |
"LOKMANGAL", 1501, SHIVAJINAGAR, PUNE - 411005, MAHARASHTRA, INDIA |
A35459221 |
|
11 |
90225333 |
15/04/2004 |
5,000,000.00 |
ABN AMRO BANK NV |
14 VEER NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
- |
|
12 |
90225273 |
18/07/2003 |
200,000,000.00 |
STANDARD CHARTERED BANK |
90 MG ROAD, MUMBAI, MAHARASHTRA, INDIA |
- |
|
13 |
90225267 |
30/06/2003 |
100,000,000.00 |
STANDARD CHARTERED BANK |
90 MG RAOD, MUMBAI, MAHARASHTRA, INDIA |
- |
|
14 |
90225149 |
07/08/2001 |
600,000,000.00 |
BANK OF MAHARASHTRA |
1501 SHIVAJI NAGAR, PUNE - 411005, MAHARASHTRA, INDIA |
- |
|
15 |
90225138 |
23/01/2004 * |
600,000,000.00 |
BANK OF MAHARASHTRA |
CAMP BARNCH, PONE - 411001, MAHARASHTRA, INDIA |
- |
|
16 |
90225085 |
01/07/1999 * |
150,000,000.00 |
BANK OF MAHARASHTRA |
1501 SHIVAJI NAGAR, PUNE - 411005, MAHARASHTRA, INDIA |
- |
|
17 |
90224986 |
25/01/1999 |
10,000,000.00 |
INDUSTRIAL CREDIT
AND INVESTMENTA CORPORATION OF IDIA |
163 BACKBAY RECLAMATION, MUMBAI - 400020, MAHARASHTRA, INDIA |
- |
|
18 |
90224930 |
28/07/1998 |
100,000,000.00 |
EXPORT INPORT OF INDIA |
CENRE ONE WORLD TRADE CENTRA, CUFFEPARADE, MUMBAI - 400005, MAHARASHTRA, INDIA |
- |
|
19 |
90224919 |
01/07/1999 * |
72,000,000.00 |
BANK OF MAHARASHTRA |
1501 SHIVAJI NAGAR, PUNE - 411005, MAHARASHTRA, INDIA |
- |
|
20 |
90224803 |
26/10/2010 * |
1,416,400,000.00 |
BANK OF MAHARASHTRA |
628/29 SACHPIR STREET, CAMP BRANCH, PUNE - 411001, MAHARASHTRA, INDIA |
A98892185 |
|
21 |
90224791 |
13/03/1997 |
50,000,000.00 |
BANK OF MAHARASHTRA |
1501 SHIVAJI NAGAR, PUNE - 411005, MAHARASHTRA, INDIA |
- |
|
22 |
90224759 |
17/09/1996 |
445,560,000.00 |
BANK OF MAHARASHTRA |
CAMP BRANCH, PUNE, MAHARASHTRA, INDIA |
- |
|
23 |
90224751 |
13/08/1996 |
30,000,000.00 |
THE INDUSTRIAL
CREDIT AND INVESTMENT CORPORATION OF |
163 BACKBAY, MUMBAI - 400020, MAHARASHTRA, INDIA |
- |
|
24 |
90224749 |
07/08/1996 |
445,560,000.00 |
THE INDUSTRIABANK OF MAHARASHTRA I |
CAMP BARNCH, PUNE, MAHARASHTRA, INDIA |
- |
|
25 |
90224737 |
19/06/1996 |
10,000,000.00 |
THE BANK OF MAHARASHTRA |
CHAMBAR BRANCH, MUMBAI, MAHARASHTRA, INDIA |
- |
|
26 |
90224661 |
06/08/1996 * |
8,000,000.00 |
CANARA BANK |
NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
- |
|
27 |
90224648 |
28/09/1995 * |
2,500,000.00 |
CANARA BANK |
NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
- |
|
28 |
90224647 |
16/08/1995 |
20,000,000.00 |
BANK O FBARODA |
INDUSTRIAL FINANCE BRANCH, MUMBAI - 400001, MAHARASHTRA, INDIA |
- |
|
29 |
90224640 |
05/02/1996 * |
300,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
IDBI TOWER, CUFFE PARADE, MUMBAI - 400005, MAHARASHTRA, INDIA |
- |
|
30 |
90224623 |
16/05/1995 |
75,000,000.00 |
ICICI BANKING CORPORATOIN LIMITED |
GOUND FLOOR FREE PRESS, NARIMANPOINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
- |
|
31 |
90224595 |
16/03/1995 |
40,000,000.00 |
BANK OF MAHARASHTRA |
CAMP BRANCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
32 |
90224585 |
17/02/1995 |
19,000,000.00 |
BANK OF MAHARASHTARA |
CAMP BRANCH, PUNE, MAHARASHTRA, INDIA |
- |
|
33 |
90224559 |
12/11/1994 |
75,000,000.00 |
ICICI BANKING CORPORATION LIMITED |
FREE PRESS, 215 NARIMAN POINT, MUMBA - 400021, MAHARASHTR A, INDIA |
- |
|
34 |
90224525 |
14/07/1994 |
35,000,000.00 |
SCICI LIMITED |
141 MAKER TOWER, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
35 |
90224521 |
27/06/1994 |
90,000,000.00 |
CANARA BANK |
MITTAL CURTH,
NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA |
- |
|
36 |
90224519 |
11/01/1995 * |
75,000,000.00 |
THE INDUSTRIAL
CREDIT AND INVESTMENT CORPORATION OF I |
163 BAVKBAY RECLAMATION, MUMBAI - 400020, MAHARASHTRA, INDIA |
- |
|
37 |
90224516 |
06/06/1994 |
500,000.00 |
BANK OF MAHARASHTRA |
CAMP BARANCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
38 |
90224494 |
22/03/1994 |
30,000,000.00 |
SCICI LIMITED |
141MAKER CUFFE PARADE, MUMBAI - 400005, MAHARASHTRA, INDIA |
- |
|
39 |
90224477 |
31/01/1994 |
165,000,000.00 |
THE INDUSTIAL
CREDIT AND INVESTMENT CORPORATION OF |
163 BACKBAY RECLAMATION, MUMBAI - 400020, MAHARASHTRA, INDIA |
- |
|
40 |
90224476 |
24/01/1994 |
67,500,000.00 |
THE INDUSTRIAL
CREDIT AND INVESTMENT CORPORATION OF |
163 BACKBAY RECLAMATION, MUMBAI - 400020, MAHARASHTRA, INDIA |
- |
|
41 |
90224462 |
20/12/1993 |
12,700,000.00 |
THE BANK O F MAHARASHTRA LIMITED |
CAMP BRANCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
42 |
90224445 |
11/10/1993 |
50,000,000.00 |
THE INDUSTRAL CREDIT AND INVESTMENT CORPORATION |
163 BACKBAY RECLAMATION, MUMBAI - 400020, MAHARASHTRA, INDIA |
- |
|
43 |
90224436 |
15/09/1993 |
30,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK O FINDIA |
IDBI TOWER, MUMBAI - 400005, MAHARASHTRA, INDIA |
- |
|
44 |
90224433 |
28/09/1995 * |
2,500,000.00 |
CANARA BANK |
NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
- |
|
45 |
90224409 |
17/08/1996 * |
15,500,000.00 |
ANZ GRINDLAYS BANK |
MG ROAD, MUMBAI - 400001, MAHARASHTRA, INDIA |
- |
|
46 |
90224402 |
11/03/1993 |
20,000,000.00 |
INDUSTRIAL CREDIT
ANDINVESTMENTA CORPORATION OF IDIA |
163 BACKBAY RECLAMATION, MUMBAI - 400020, MAHARASHTRA, INDIA |
- |
|
47 |
90224368 |
17/05/1993 * |
2,800,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION |
RMON HOUSE 163 BACKBAY RECLAMATION, MUMBAI - 400020, MAHARASHTRA, INDIA |
- |
|
48 |
90224302 |
23/12/1991 |
15,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
IDBI TOWER, NARIMAN
POINT, MUMBAI - |
- |
|
49 |
90224275 |
23/09/1992 * |
15,000,000.00 |
THE INDUSTRAL
CREDIT ANDINVESTMENT CORPORATION O FIN |
163 BACKBAY RECLAMATION, MUMBAI - 400020, MAHARASHTRA, INDIA |
- |
|
50 |
90224258 |
11/06/1991 |
1,797,400.00 |
BANK OF MAHARASHTRA |
CAMP BARANCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
51 |
90224253 |
17/05/1991 |
689,000.00 |
BANK OF CREDIT AND COMMERCE |
NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
- |
|
52 |
90224239 |
20/03/1991 |
3,000,000.00 |
BANK OF MAHARASHTRA |
CAMP BARANCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
53 |
90224218 |
09/01/1991 |
300,000.00 |
BANK OF MAHARASHTRA |
CAMP BARANCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
54 |
90224128 |
15/12/1989 |
2,982,000.00 |
BANK OF MAHARASHTRA |
CAMP BARANCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
55 |
90224120 |
29/11/1989 |
23,500,000.00 |
THE INDUSTRIAL
CREDIT AND INVESTMENT CORPORATION OF |
163 BACKBAY RECLAMATION, MUMBAI - 400020, MAHARASHTRA, INDIA |
- |
|
56 |
90224108 |
18/10/1989 |
6,603,000.00 |
BANK OF MAHARASHTRA |
CAMP BARANCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
57 |
90224077 |
09/06/1989 |
1,668,400.00 |
BANK OF MAHARASHTRA |
CAMP BARANCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
58 |
90224062 |
28/03/1989 |
8,000,000.00 |
BANK OF MAHARASHTRA |
CAMP BARANCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
59 |
90224060 |
01/12/1987 * |
279,000.00 |
DIRECTOR OF INDUSTRIAL |
CHANDIGARH, CHNDIGARH, PUNJAB, INDIA |
- |
|
60 |
90224038 |
19/01/1989 |
3,000,000.00 |
BANK OF MAHARSHTRA |
1177 BNDHWER PETH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
61 |
90223980 |
20/09/1988 * |
14,400,000.00 |
BANK OF MAHARASHTRA |
CAMP BARANCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
62 |
90223953 |
29/12/1987 |
255,000.00 |
CITI BANK NA |
SAKHAR BHACAN, NARIMAN POINT, MUMBAY - 400021, MAHARASHTRA, INDIA |
- |
|
63 |
90223938 |
08/08/1989 * |
8,000,000.00 |
BANK OF MAHARASHTRA |
CAMP BRANCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
64 |
90223931 |
20/06/1991 * |
6,000,000.00 |
BANK OF CREDIT AND COMMERCE INTERNATIONAL |
MAKER CHAMBERS III, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
- |
|
65 |
90223917 |
14/03/1988 * |
2,000,000.00 |
BANK OF MAHARASHTRA |
CAMP BARANCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
66 |
90223901 |
27/02/1987 |
1,500,000.00 |
CANARA BANK |
NARIMAN POINT,
MITTAL TOWER, MUMBAI - 400021, MAHARASHTRA |
- |
|
67 |
90223894 |
20/03/1987 * |
8,000,000.00 |
CANARA BANK |
NARIMAN POINT,
MITTAL TOWER, MUMBAI - 400021, MAHARASHTRA |
- |
|
68 |
90223892 |
09/01/1987 |
7,500,000.00 |
BANK OF CREDIT AND COMMERCE INTERNATIONAL |
MAKER CHAMBERS III, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
- |
|
69 |
90223890 |
06/01/1987 |
8,000,000.00 |
BANK OF MAHARASHTRA |
CAMP BRANCH, MUMBAI - 400001, MAHARASHTRA, INDIA |
- |
|
70 |
90223885 |
27/12/1987 * |
2,500,000.00 |
CANARA BANK |
MITTAL COURT, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
- |
|
71 |
90223871 |
18/10/1989 * |
279,000.00 |
DIRECTOR OF INDUSTRIES |
CHNDIGRH, CHNDIGARH, PUNJAB, INDIA |
- |
|
72 |
90223828 |
24/02/1987 * |
279,000.00 |
DIRECTOR OF |
CHANDIGARH, CHANDIGADH, PUNJAB, INDIA |
- |
|
73 |
90223826 |
14/06/1986 * |
14,400,000.00 |
BANK OF MAHARSHTRA |
CAMP BRANCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
74 |
90223823 |
14/12/1995 * |
14,400,000.00 |
BANK OF MAHARASHTRA |
CAMP BRANCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
75 |
90223821 |
14/03/1988 * |
14,400,000.00 |
BANK OF MAHARASHTRA |
CAMP BRANCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
76 |
90223784 |
30/07/1984 * |
1,950,000.00 |
HOUSING DEVELOPMET FINANCE CORPORATION |
RAMON HOUSE, 169 BACKBAY RECLMTION, MUMBAI - 400020, MAHARASHTRA, INDIA |
- |
|
77 |
90223783 |
20/03/1984 |
5,000,000.00 |
BANK OF MAHARASHTRA |
CAMP BRANCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
78 |
90223769 |
07/12/1983 |
500,000.00 |
INDIA BANK |
ANFHERI (W) BRANCH, 11/12 MADHAV NAGAR SV ROAD, MUMBAI - 400058, MAHARASHTRA, INDIA |
- |
|
79 |
90223766 |
15/11/1983 |
4,000,000.00 |
BANK OFMAHARASHTRA |
CAMP BRANCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
80 |
90223763 |
26/09/1988 * |
11,500,000.00 |
GRINDLAYS BANK |
PLC 90 MG ROAD, MUMBAI - 400001, MAHARASHTRA, INDIA |
- |
|
81 |
90223756 |
06/07/1983 |
7,200,000.00 |
INDIN BANK |
ANDHERI (WEST) BRANCH, MUMBAI - 400058, MAHARASHTRA, INDIA |
- |
|
82 |
90223750 |
31/07/1984 * |
1,200,000.00 |
CENTRAL BANK OF INDIA |
MAIN GOBINDHGARH BRANCH, GOBIND GARH, PUNJAB, INDIA |
- |
|
83 |
90223742 |
04/12/1982 |
4,000,000.00 |
CENTRAL BANK OF INDIA |
NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
- |
|
84 |
90223683 |
23/05/1988 * |
1,000,000.00 |
GRINDLAYS BANK |
PLC 90 MG ROAD, MUMBAI, MAHARASHTRA, INDIA |
- |
|
85 |
90223680 |
03/03/1979 |
1,000,000.00 |
GRINDLAYS BANK LT D |
90 MG ROAD, MUMBAI - 400023, MAHARASHTRA, INDIA |
- |
|
86 |
90223647 |
05/02/1976 |
2,000,000.00 |
BANK OF MAHARSHTRA |
1177 BNDHWER PETH, PUNE, MAHARASHTRA, INDIA |
- |
|
87 |
90223638 |
23/12/1974 |
500,000.00 |
THE BANK O F MAHARASHTRA LIMITED |
1177 BUDHAWAR PETH, PUNE - 411002, MAHARASHTRA, INDIA |
- |
|
88 |
90223634 |
23/04/1974 |
260,000.00 |
THE BANK O F MAHARASHTRA LIMITED |
1177 BUDHAWAR PETH, PUNE - 411002, MAHARASHTRA, INDIA |
- |
|
89 |
90223628 |
01/01/1974 |
4,500,000.00 |
BANK OF MAHARASHTRA |
1177 BUDHAWAR PETH, PUNE - 411002, MAHARASHTRA, INDIA |
- |
|
90 |
90223627 |
14/03/1988 * |
663,000.00 |
BANK OF MAHARASHTRA |
CAMP BARNCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
91 |
90223624 |
14/03/1988 * |
3,300,000.00 |
BANK OF MAHARASHTRA |
CAMP BARNCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
92 |
90223618 |
28/10/1971 |
600,000.00 |
BANK MAHARASHTRA |
CAMP BARNCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
93 |
90223610 |
19/08/1968 |
150,000.00 |
THE BANK O FMAHARASHTRA LIMITED |
45/47 APOLLO STREET, MUMBAI - 400001, MAHARASHTRA, INDIA |
- |
|
94 |
90223604 |
27/04/1966 |
100,000.00 |
THE BANK OF MAHARASHTRA |
CAMP BARNCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
95 |
90223603 |
31/03/1966 |
300,000.00 |
MAHARASHTRA STATE FINANCIAL CORPORATION |
UNITED INDIA BUILDING, P MEHTA ROAD, MUMBAI - 400001, MAHARASHTRA, INDIA |
- |
|
96 |
90223597 |
20/01/1965 |
300,000.00 |
MAHARASHTRA STATE FIINANCE CORPORATION |
UNITED INDIA BUILDING, RACE COURSE CIRSLE, MUMBAI - 400001, MAHARASHTRA, INDIA |
- |
|
97 |
90223595 |
09/05/1964 |
100,000.00 |
THE BNAK OF MAHARASHTRA |
CAMP BARNCH, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
98 |
90223593 |
18/12/1963 |
400,000.00 |
MAHARASHTR STATE FINANCE CORPORATION |
UNITED INDIA BUILDING, MUMBAI - 400001, MAHARASHTRA, INDIA |
- |
|
99 |
90223587 |
31/05/1985 * |
14,400,000.00 |
BANK OF MAHARASHTARA |
CAMP BRANCH, PUNE, MAHARASHTRA, INDIA |
- |
* Date of charge modification
NOTE
The registered office has been shifted from 56, Jolly Maker Chambers II,
Nariman Point, Mumbai - 400021, Maharashtra,
India to the present address w.e.f.01.10.2006.
PROJECTS
IMPLEMENTED
During the year, the Company has implemented the following projects:
i ) Expansion of capacity by 400 M3/hr GAN at Gujarat Fluorochemicals Limited , Dahej . Production commenced from 24th October , 2011 .
ii ) Expansion of capacity by 100 TPD LOX/LIN at Puducherry . Production commenced from 26th March, 2012 .
iii ) Installed 2x4 0 HPN Nitrogen Generator (Total capacity 8000 NM3/hr ) at Posco Maharashtra Steel Private Limited , Mangaon. Producti n commenced from 22nd February 2012 .
iv ) Installed a Harvest Hydrogen Generator (capacity 25 0 NM3/hr ) at Posco Maharashtra Steel Private Limited, Mangaon. Production commenced from 30th March, 2012 .
UNDER IMPLEMENTATION
i ) 200 TPD LOX/LIN /LAR Plant and One Harvest Hydrogen Generator (Capacity 250 NM3/hr) at Bhiwadi. ii) 200 TPD LOX / LIN / LAR Plant at Karjan . iii) 200 TPD LOX/LIN/LAR Plant and Harvest Hydrogen Plant (Capacity 500 NM3/hr ) at Ville Bhagad, Mangaon . iv) Expansion of capacity by 200 TPD LOX/LIN /LAR at Barotiwala. v) Expansion of capacity by 150 TPD LOX / LIN at Hyderabad.
UNSECURED LOANS
|
Particulars |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Deferred sales tax loan |
37.890 |
43.881 |
|
Loans and advances from others |
270.300 |
270.300 |
|
Total |
308.190 |
314.181
|
FIXED ASSETS
· Land
Buildings
Office
Building
Factory
Building
Plant
and Equipment
Factory
Equipments
Furniture
and Fixtures
Vehicles
Office
equipment
Computer
Equipments
Other
Equipments
Computer
Software
CMT REPORT (Corruption, Money Laundering and 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.61.53 |
|
|
1 |
Rs.99.75 |
|
Euro |
1 |
Rs.84.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE and RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
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 |
|
65 |
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 and 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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.