MIRA INFORM REPORT
|
Report Date : |
15.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
COLOUR ROOF (INDIA) LIMITED |
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|
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|
Registered
Office : |
B-1/1, Mayur Ma-Krupa Co-operative Housing Society
Limited, Off Gokhale School, Shimpoli Road, Borivali (West), Mumbai – 400
092, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
17.05.2000 |
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Com. Reg. No.: |
11-126598 |
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Capital
Investment / Paid-up Capital : |
Rs.107.993 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27200MH2000PLC126598 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC08057A |
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PAN No.: [Permanent Account No.] |
AABCC3215D |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The Company is engaged in the Steel Business |
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No. of Employees
: |
250 (Approximately) |
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 1200000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exists |
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Comments : |
Subject is an established company having a moderate track record. Management of the company has failed to file its financial for the year
2013 with the government department. As per available financial 2012, Profitability of the company seems to
be low. However, the general financial performance seems to be good. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may grow
4.7 % in the current financial year, lower than the official estimate of 4.9 %,
Fitch Rating said. The global rating agency expects the economy to pick up in
the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
FITCH |
|
Rating |
Long Term Rating = BB+ |
|
Rating Explanation |
FITCH has suspended its rating due to lack of information |
|
Date |
September 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 DECLINED BY
Management Non Co-operative (91-22-40957000)
LOCATIONS
|
Registered Office : |
B-1/1, Mayur Ma-Krupa Co-operative Housing Society Limited, Off Gokhale School, Shimpoli Road, Borivali (West), Mumbai – 400 092, Maharashtra, India |
|
Tel. No.: |
91-22-26904411 (Hunting Line) / 65704441 |
|
Fax No.: |
91-22-28991854 |
|
E-Mail : |
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Website : |
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Location : |
Owned |
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|
Corporate Office : |
B-601, Elegant Business Park, MIDC Road Number 2, J. B. Nagar, Andheri (East), Mumbai - 400 059 Maharashtra, India |
|
Tel. No.: |
91-22-4095 7000 (Hunting Line) |
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Fax No.: |
91-22- 40957100 |
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|
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Factory 1 : |
J – 16, MIDC, Opposite Indal Taloja, District Raigad, |
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Tel. No.: |
91-22-27402236 / 2227 / 27414229 / 27904229 |
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Fax No.: |
91-22-27411821 |
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Factory 2 : |
Plot No. C-26/27, Sipcot Industrial Growth Centre, Perundarai – 638 052, District – Erode, Tamilnadu, India |
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Factory 3: |
CRIL- Khapoli, Plot No. 42 to 45, Village Dheku, Post
Saigaon, Taluka - Khalapur, District- Raigad, |
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North Zonal Office : |
Located At
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East Zonal Office : |
Located At
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Mumbai Region Sales Office : |
Located At
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South Zonal Headquarters |
Located At
|
DIRECTORS
As on 31.12.2012
|
Name |
Mr. Bhavin Kishore Thakkar |
|
Designation |
Director |
|
Address |
1401, 14th Floor, Raghunath Towers Co-operative Housing Society, Devidas Extension Road, Borivali (West), Mumbai – 400103, Maharashtra, India |
|
Date of Birth |
26.06.1964 |
|
Date of Appointment |
17.05.2000 |
|
PAN No. : |
AAAPT8279Q |
|
DIN No.: |
00001780 |
|
|
|
|
Name |
Mr. Jubin Kishore Thakkar |
|
Designation |
Director |
|
Address |
143,14th Floor, Vasukamal Tower Co-operative Housing Society Limited, Devidas Extension Road, Borivali (West) , Mumbai – 400103, Maharashtra, India |
|
Date of Birth |
12.09.1970 |
|
Date of Appointment |
17.05.2000 |
|
PAN No. : |
AACPT3129P |
|
DIN No.: |
00001822 |
|
|
|
|
Name |
Mrs. Sushila Kishore Thakkar |
|
Designation |
Director |
|
Address |
143,14thfloor, Vasukamal Tower Co-operative Housing Society Limited, Devidas Extension Road, Borivali (West) , Mumbai – 400103, Maharashtra, India |
|
Date of Birth |
21.07.1939 |
|
Date of Appointment |
18.11.2004 |
|
PAN No. : |
AADPT0748D |
|
DIN No.: |
00001782 |
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|
|
|
Name : |
Mr. Senthilarumugam Thiruvadi |
|
Designation : |
Nominee Director |
|
Address : |
A3, 313, Sneha Apartment, Godavari, Block National, Game Village, Koramangala, Bangalore – 560047, Karnataka, India |
|
Date of Birth/Age : |
23.02.1956 |
|
Date of Appointment : |
24.02.2011 |
|
DIN No.: |
03431263 |
KEY EXECUTIVES
|
Name |
Mr. Hemant K. Borade |
|
Designation |
Company Secretary |
|
Address |
502, Mangal Archana, Nahur Gaon Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Date of Birth |
24.09.1960 |
|
Date of Appointment |
20.11.2007 |
|
PAN No.: |
ABJPB8798G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.12.2012
|
Names of Shareholders |
|
No. of Shares |
|
Bhavin Kishore Thakkar |
|
332520 |
|
Jubin kishore Thakkar |
|
722720 |
|
Sushila Kishore Thakkar |
|
256414 |
|
Manisha Bhavin Thakkar |
|
333894 |
|
Parul Jubin Thakkar |
|
158894 |
|
Mayank Jain |
|
20 |
|
Anuj Bhavin Thakkar |
|
7500 |
|
Miloni Bhavin Thakkar |
|
7500 |
|
Viraj Jubin Thakkar |
|
7500 |
|
Sheela Thoppil |
|
15000 |
|
Amzel Infotech Private Limited, India |
|
1008150 |
|
Boral Infotech Private Limited, India |
|
1215850 |
|
Tanjore Tradeplace Private Limited, India |
|
539000 |
|
Prefab Dwelling Limited, India |
|
620000 |
|
Santoor Impex Private Limited, India |
|
369312 |
|
KLT Automotive and Tubular Products Limited, India |
|
680000 |
|
Canabk Venture Capital Fund Limited, India |
|
2000000 |
|
Metal Roofing Contractors Private Limited, India |
|
25000 |
|
Vasanti Shree Brokers Limited, India |
|
20000 |
|
GRD Capital Markets Limited, India ai |
|
100000 |
|
Excel Infotech Limited, India |
|
1162500 |
|
Jayant N Parekh, Jointly Holders – Rupam Prakesh |
|
50000 |
|
Sensex Marketing Private Limited, India |
|
800000 |
|
Nishita K Shah |
|
25000 |
|
Rajesh B. Kalra |
|
2500 |
|
Shristie Business Private Limited, India |
|
310000 |
|
S Karpagam Vasanthan |
|
25000 |
|
Asha Devi Chamria |
|
5000 |
|
|
|
|
|
Total |
|
10799274 |
As on 31.12.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Venture Capital |
18.52 |
|
Bodies corporate |
63.43 |
|
Directors or relatives of directors |
16.92 |
|
Other top fifty (50) shareholder (o the than listed above ) |
1.13 |
|
Total |
100.00 |
%20LIMITED%20-%20262804_MIRA%2015-Apr-2014_files/image001.gif)
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the Steel Business |
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Products : |
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PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Colour Coated Coils/ Sheets and Steel Profiles. |
MT |
90000 |
12431 |
GENERAL INFORMATION
|
No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
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|
Banking
Relations : |
-- |
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|
Auditors : |
|
|
Name : |
Surya Associates Chartered Accountants |
|
Address : |
103, Deepika, Plot No. 37, Gokhale Road, Dahanukar Wadi,
Kandivali, Mumbai – 400067, Maharashtra, India |
|
Tel. No.: |
91-22-29671924 / 3648 |
|
Mobile No.: |
91-9820077823 |
|
Fax No.: |
91-22-29672236 |
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E-Mail : |
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PAN.: |
AARFS6853Q |
|
Subsidiaries : |
CRIL Pre Finish Metals FZC |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives |
|
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs.110.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10799274 |
Equity Shares |
Rs.10/- each |
Rs.107.993 Millions |
|
|
|
|
|
Disclosure of
shareholding more than five per cent in company
|
Name of shareholder |
Number of shares held in company |
Percentage of shareholding in company |
|
Jubin Kishore Thakkar |
7,22,720 |
6.69% |
|
Excel Infotech Limited |
11,62,500 |
10.76% |
|
Boral Infotech Private Limited |
12,15,850 |
11.26% |
|
Amzel Infotech Private Limited |
10,08,150 |
9.34% |
|
Sensex Marketing Private Limited |
8,00,000 |
7.41% |
|
Prefab Dwelling Limited |
6,20,000 |
5.74% |
|
KLT Automotive and Tubular Products Limited |
6,80,000 |
6.30% |
|
Canbank Venture Capital Fund Limited |
20,00,000 |
18.52% |
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 |
|
107.993 |
107.993 |
|
(b) Reserves & Surplus |
|
205.412 |
203.068 |
|
(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) |
|
313.405 |
311.061 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
83.546 |
118.441 |
|
(b) Deferred tax liabilities (Net) |
|
4.299 |
3.379 |
|
(c) Other long term
liabilities |
|
133.541 |
55.541 |
|
(d) long-term
provisions |
|
5.117 |
2.624 |
|
Total Non-current
Liabilities (3) |
|
226.503 |
179.985 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
476.173 |
452.281 |
|
(b) Trade
payables |
|
854.497 |
791.883 |
|
(c) Other
current liabilities |
|
588.002 |
438.124 |
|
(d) Short-term
provisions |
|
0.626 |
14.717 |
|
Total Current Liabilities
(4) |
|
1919.298 |
1697.005 |
|
|
|
|
|
|
TOTAL |
|
2459.206 |
2188.051 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
494.413 |
515.899 |
|
(ii) Intangible
Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
30.023 |
30.023 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
5.429 |
5.429 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
529.865 |
551.351 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
977.905 |
959.014 |
|
(c) Trade
receivables |
|
606.104 |
339.444 |
|
(d) Cash
and cash equivalents |
|
59.097 |
108.501 |
|
(e)
Short-term loans and advances |
|
265.416 |
204.552 |
|
(f) Other
current assets |
|
20.819 |
25.189 |
|
Total
Current Assets |
|
1929.341 |
1636.700 |
|
|
|
|
|
|
TOTAL |
|
2459.206 |
2188.051 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
107.993 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
194.889 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
302.882 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
790.769 |
|
|
2] Unsecured Loans |
|
|
210.595 |
|
|
TOTAL BORROWING |
|
|
1001.364 |
|
|
DEFERRED TAX LIABILITIES |
|
|
11.509 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1315.755 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
550.308 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
30.023 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
947.604 |
|
|
Sundry Debtors |
|
|
352.418 |
|
|
Cash & Bank Balances |
|
|
135.093 |
|
|
Other Current Assets |
|
|
80.793 |
|
|
Loans & Advances |
|
|
88.301 |
|
Total
Current Assets |
|
|
1604.209 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
299.330 |
|
|
Other Current Liabilities |
|
|
538.693 |
|
|
Provisions |
|
|
31.196 |
|
Total
Current Liabilities |
|
|
869.219 |
|
|
Net Current Assets |
|
|
734.990 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.434 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1315.755 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1665.963 |
1378.862 |
1388.973 |
|
|
|
Other Income |
12.960 |
58.344 |
35.875 |
|
|
|
TOTAL (A) |
1678.923 |
1437.206 |
1424.848 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
795.135 |
561.292 |
|
|
|
|
Purchases of stock-in-trade |
552.086 |
576.869 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(38.008) |
(28.710) |
1244.420 |
|
|
|
Employee benefit expense |
68.624 |
54.422 |
|
|
|
|
Other expense |
112.105 |
87.514 |
|
|
|
|
TOTAL (B) |
1489.942 |
1251.387 |
1244.420 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
188.981 |
185.819 |
180.428 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
150.412 |
138.649 |
144.008 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
38.569 |
47.170 |
36.420 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
34.486 |
34.569 |
34.584 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
4.083 |
12.601 |
1.836 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.344 |
20.730 |
1.122 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
1.739 |
(8.129) |
0.714 |
|
|
|
|
|
|
|
|
|
Less |
TAX AND INTEREST
ON TAX FOR EARLIER YEAR |
NA |
0.000 |
0.037 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
16.182 |
15.505 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
0.600 |
0.000 |
|
|
|
Dividend |
NA |
10.799 |
0.000 |
|
|
|
Tax on Dividend |
NA |
1.752 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
23.761 |
16.182 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
201.785 |
453.840 |
|
|
TOTAL EARNINGS |
NA |
201.785 |
453.840 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
14.141 |
47.457 |
|
|
|
Stores & Spares |
NA |
0.380 |
3.735 |
|
|
|
Capital Goods |
NA |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
14.521 |
51.192 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.22 |
(1.92) |
0.06 |
|
%20LIMITED%20-%20262804_MIRA%2015-Apr-2014_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.10
|
(0.57) |
0.05 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.25
|
0.91 |
0.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.17
|
0.58 |
0.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.04 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.79
|
1.83 |
3.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22
|
1.26 |
1.85 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2011 |
31.03.2012 |
|
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
|
107.993 |
107.993 |
|
Reserves & Surplus |
|
203.068 |
205.412 |
|
Net
worth |
|
311.061 |
313.405 |
|
|
|
|
|
|
long-term borrowings |
|
118.441 |
83.546 |
|
Short term borrowings |
|
452.281 |
476.173 |
|
Total
borrowings |
|
570.722 |
559.719 |
|
Debt/Equity
ratio |
|
1.835 |
1.786 |
%20LIMITED%20-%20262804_MIRA%2015-Apr-2014_files/image002.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1388.973 |
1378.862 |
1665.963 |
|
|
|
-0.728 |
20.822 |
%20LIMITED%20-%20262804_MIRA%2015-Apr-2014_files/image004.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1388.973 |
1378.862 |
1665.963 |
|
Profit / (Loss) |
0.714 |
(8.129) |
1.739 |
|
|
0.05% |
(0.59%) |
0.10% |
%20LIMITED%20-%20262804_MIRA%2015-Apr-2014_files/image005.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
Rs. In Millions
|
Particular |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
Current maturities of long-term debt |
54.779 |
69.123 |
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 |
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 |
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 |
|||||||
|
Bench:- Bombay |
|||||||
|
Lodging No. : |
CPL/113/2013 |
Failing Date:- |
21/02/2013 |
Reg. No.:- |
CP/204/2013 |
Reg. Date:- |
22/03/2013 |
|
Petitioner:- |
GLOBE ECOLOGISTICS LIMITED |
Respondent:- |
COLOUR ROOF (INDIA) LIMITED |
||||
|
Petn.Adv:- |
KALYANI G. PARMAR () |
|
|
||||
|
District:- |
MUMBAI |
||||||
|
Bench:- |
Single |
Category:- |
COMPANY PETITION U/SEC 433,434,439 COMPANIES ACT |
||||
|
Status:- |
Admitted (Unready) |
Stage:- |
COMPANY PETITION FOR HEARING/ ARGUMENTS |
||||
|
Last Date:- |
20/02/2014 |
||||||
|
Last Coram:- |
HON’BLE SHRI JUSTICE G.S. PATEL |
||||||
|
|
|
||||||
|
Act. : |
Companies Act and Rules 1956 |
Under Section 433 (E) and 439 |
|||||
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Long-term
borrowings |
|
|
|
Intercorporate borrowings |
50.000 |
0.000 |
|
Loans and advances from related parties |
33.241 |
84.650 |
|
Total |
83.241 |
84.650 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10135508 |
17/12/2008 |
173,700,000.00 |
BANK OF INDIA CONSORTIUM |
ANDHERI CORPORATE BANKING BRANCH,M. D. I. BUILDING, 28, S. V. ROAD, ANDHERI (W), MUMBAI, MAHARASHTRA - 400058, INDIA |
A53460697 |
|
2 |
10120797 |
27/08/2008 |
580,000,000.00 |
AXIS BANK LIMITED |
FORT BRANCH, UNIVERSAL INSURANCE BUILDING, SIR P. |
A44849875 |
|
3 |
10083236 |
08/12/2007 |
17,500,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, WORLD TRADE CENTRE, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A30270417 |
|
4 |
10074014 |
15/03/2008 * |
70,000,000.00 |
BARCLAYS BANK PLC |
801/808, CEEJAY HOUSE, SHIVSAGAR ESTATE, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
A34903393 |
|
5 |
10018632 |
15/04/2009 * |
1,636,400,000.00 |
BANK OF INDIA CONSORTIUM |
ANDHERI CORPORATE BANKING BRANCH M. D. I. BUILDING |
A61301651 |
|
6 |
80030852 |
05/12/2005 |
60,000,000.00 |
BANK OF INDIA |
ANDHERI CORPORATE BANKING BRANCH , S.V. ROAD ANDHERI WEST, MUMBAI, MAHARASHTRA - 400058, INDIA |
- |
|
7 |
80030851 |
13/05/2005 |
6,500,000.00 |
BANK OF INDIA |
ANDHERI CORPORATE BANKING BRANCH, MDI BUILDING 1 ST FLOOR S.V ROAD ANDHERI (W), MUMBAI, MAHARASHTRA - 400058, INDIA |
- |
|
8 |
90145635 |
10/02/2005 * |
14,000,000.00 |
BANK OF INDIA |
ANDHERI CORPORATE BANKING BRANCH, MDI BUILDING 1 ST FLOOR S.V ROAD ANDHERI (W), MUMBAI, MAHARASHTRA - 400058, INDIA |
- |
|
9 |
90145414 |
23/09/2004 |
6,250,000.00 |
BANK OF INDIA |
ANDHERI CORPORATE BANKING BRANCH, MDI BUILDING 1 ST FLOOR S.V ROAD ANDHERI (W), MUMBAI, MAHARASHTRA - 400058, INDIA |
- |
|
10 |
90145155 |
27/04/2004 |
6,250,000.00 |
INDIAN BANK |
TEJPAL ROAD, VILLE PARLE EAST, MUMBAI, MAHARASHTRA - 400057, INDIA |
- |
|
11 |
90141160 |
11/08/2003 |
105,300,000.00 |
BANK OF INDIA |
ANDHERI CORPORATE BANKING BRANCH, MDI BUILDING 1 ST FLOOR S.V ROAD ANDHERI (W), MUMBAI, MAHARASHTRA - 400058, INDIA |
- |
|
12 |
90146341 |
17/12/2008 * |
1,466,400,000.00 |
BANK OF INDIA CONSORTIUM |
ANDHERI CORPORATE BANKING BRANCH, MDI BUILDING 1 ST FLOOR S.V ROAD ANDHERI (W), MUMBAI, MAHARASHTRA - 400058, INDIA |
A53361069 |
|
13 |
90144085 |
28/04/2004 * |
70,000,000.00 |
INDIAN BANK |
TEJPAL ROAD, VILLE PARLE EAST, MUMBAI, MAHARASHTRA, INDIA |
- |
|
14 |
90143409 |
21/05/2001 |
47,000,000.00 |
THE MAHARASHTRA STATE FINANCIAL CORPORATION |
NEW EXCELSIOR BUILDING, A.K. NAYAK MARG; FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
15 |
90143192 |
29/12/2000 |
58,000,000.00 |
BANK OF INDIA |
ANDHERI CORPORATE BANKING BRANCH, MDI BUILDING 1 ST FLOOR S.V ROAD ANDHERI (W), MUMBAI, MAHARASHTRA - 400058, INDIA |
- |
* Date of charge modification
FIXED ASSETS
·
Land and Site Development
·
Building
·
Pant and Machinery
·
Electrical Installation
·
Furniture and Fittings
·
Office Equipments
·
Vehicles
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.60.28 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.83.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NTH |
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 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--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.