MIRA INFORM REPORT
|
Report Date : |
23.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
INOX AIR PRODUCTS LIMITED [w.e.f. 2000-01] |
|
|
|
|
Formerly Known
As : |
INDUSTRIAL OXYGEN COMPANY LIMITED |
|
|
|
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Registered
Office : |
7th Floor, Ceejay House, Dr. Annie Beasant Road, Worli,
Mumbai - 400018, Maharashtra |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
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 |
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|
|
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Line of Business
: |
Manufacturer of Industrial Gases. |
|
|
|
|
No. of Employees
: |
650 (Approximately) |
RATING and COMMENTS
|
MIRA’s Rating : |
A (66) |
|
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 |
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|
|
Payment Behaviour : |
Clear |
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Litigation : |
Regular |
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Comments : |
Subject is a well established company having good track record.
Financial position of the company appears to be sound. Trade relations are
reported as fair. Business is active. Payments are reported to be regular and
as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in existence.
Kodak, the inventor of the digital camera had to wind up its operations, HMV,
the British entertainment retailing company and Borders, once the second
largest bookstore have shut down due to their inability to evolve their
business models with the changing time. Readers’ Digest, Thomson Register are
no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial years
of the contagion but finally lost ground last year. GDP growth slowed down.
Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: AA |
|
Rating Explanation |
Having high degree of safety regarding timely servicing of financial
obligation. It carry low credit risk. |
|
Date |
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 (PARTIAL DETAILS)
|
Name : |
Mr. Ravi |
|
Designation : |
Finance Executive |
|
Contact No.: |
91-22-40323195 |
|
Date : |
20.09.2013 |
LOCATIONS
|
Registered Office : |
7th Floor, Ceejay House, |
|
Tel. No.: |
91-22-40323195 / 40323960 |
|
Fax No.: |
91-22-40323191 / 40323991 |
|
E-Mail : |
|
|
Website : |
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|
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 |
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. Ravi |
|
Designation : |
Finance Executive |
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 |
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Countries : |
· Europe · China · America |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
Cash and Credit (30 days) |
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 and Others (Manufacturer) |
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No. of Employees : |
650 (Approximately) |
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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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Facilities : |
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Banking
Relations : |
-- |
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|
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|
Auditors : |
|
|
Name : |
Patankar and Associates Chartered Accountant |
|
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 |
|
|
|
|
Related Party : |
· Air Products Plc, United Kingdom · Air Products (Middle East) Fze, United Arab Emirates · Air Products And Chemicals Inc., United States · Air Products Singapore Pte Limited, Singapore · Prodair Corporation, United States · Air Products Sa Nv, Belgium · Air Products Gmbh, Germany · Air Products San Fu Company Limited, Taiwan, Province of China |
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 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
207.818 |
787.601 |
1711.348 |
|
|
|
|
|
|
|
|
|
Less |
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 |
189.852 |
207.818 |
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) |
|
|
8000.000 |
|
|
|
|
|
Expected Sales (2013-2014) : Rs. 8150.000 millions
The above information has been parted by Mr. Ravi (Finance Executive)
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
|
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% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
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 exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.99.90 |
|
Euro |
1 |
Rs.84.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE and RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--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 |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
66 |
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.