MIRA
INFORM REPORT
|
Report Date : |
16.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
TRANTER INDIA PRIVATE LIMITED (w.e.f. 2009) |
|
|
|
|
Formerly Known
As : |
ALTRA INDUSTRIAL PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gat No. 127 and 128, Dingrajwadi, Taluka-Shirur, Pune-412208, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2012 |
|
|
|
|
Date of
Incorporation : |
09.11.2005 |
|
|
|
|
Com. Reg. No.: |
11-021523 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.30.100
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299PN2005PTC021523 |
|
|
|
|
IEC No.: |
3105022317 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA07579F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCA4598P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Industrial Heat Exchangers, Plate and
Frame Heat Exchangers. |
|
|
|
|
No. of Employees
: |
150 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
A (57) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 609300 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having good 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, the company has shown huge growth in
the profits of the company. Financial position of the company is good. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitments. The company can be considered for normal business dealings at usual
trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
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 |
CRISIL |
|
Rating |
AA+ [Long Term SO] |
|
Rating Explanation |
High degree of safety. It carry very low credit risk. |
|
Date |
27.05.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A1+ [Short Term So] |
|
Rating Explanation |
Highest degree of safety and carry lowest credit risk. |
|
Date |
27.05.2013 |
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. Prasanna |
|
Designation : |
Credit Manager |
|
Contact No.: |
91-8380004564 |
|
Date : |
15.04.2014 |
LOCATIONS
|
Registered Office / Factory : |
Gat No. 127 and 128, Dingrajwadi, Taluka Shirur, Pune-412208, |
|
Tel. No.: |
91-2137-292500 / 392300 / 392317 |
|
Mobile No : |
91-9373294572 (Mr. Prasanna) |
|
Fax No.: |
91-2137-392354 |
|
E-Mail : |
|
|
Website : |
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|
Area : |
3.5 Acre |
|
Location : |
Owned |
|
|
|
|
Exclusive Services Centre For PHE: |
900/3/C, GIDC Estate, Makarpura, Vadodara-390010, |
|
Tel No.: |
91-265-3261191 / 2631191 |
|
Fax No.: |
91-265-2631191 |
|
Email: |
|
|
|
|
|
Sales and Marketing Office: |
Located At:
|
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Thuresson Thomas Thurebo |
|
Designation : |
Director |
|
Address : |
C/O Alfa |
|
Date of Birth/Age : |
06.12.1957 |
|
Date of Appointment : |
09.11.2005 |
|
DIN No.: |
01116071 |
|
|
|
|
Name : |
Mr. Olsson Dag Lennart |
|
Designation : |
Director |
|
Address : |
Ornahus Darrod, 1201 240 14, |
|
Date of Birth/Age : |
21.10.1961 |
|
Date of Appointment : |
24.04.2006 |
|
DIN No.: |
00867321 |
|
|
|
|
Name : |
Mr. Svensson Goran Claes |
|
Designation : |
Director |
|
Address : |
2444, New College, Lane Plano, |
|
Date of Birth/Age : |
29.01.1957 |
|
Date of Appointment : |
28.07.2006 |
|
DIN No.: |
00876740 |
|
|
|
|
Name : |
Mr. Feroze Minocher Patel |
|
Designation : |
Director |
|
Address : |
4419, Tobago |
|
Date of Birth/Age : |
17.03.1947 |
|
Date of Appointment : |
28.07.2006 |
|
DIN No.: |
00564790 |
|
|
|
|
Name : |
Mr. Satish Laxman Shewalkar |
|
Designation : |
Director |
|
Address : |
4, 1st Floor, Sarita Vaibhav, Sinhgad Road, Parvati, Pune-411030,
Maharashtra, India |
|
Date of Birth/Age : |
09.09.1957 |
|
Date of Appointment : |
12.12.2006 |
|
DIN No.: |
01159043 |
|
|
|
|
Name : |
Mr. Ganesh Gopal |
|
Designation : |
Director |
|
Address : |
Flat No. 602, S No. 1817+8A/1, Salunkhe Vihar, Rose Parade,
Pune-411048, Maharashtra, India |
|
Date of Birth/Age : |
01.02.1973 |
|
Date of Appointment : |
01.01.2010 |
|
DIN No.: |
02910619 |
|
|
|
|
Name : |
Mr. Prasanna Arvind Gote |
|
Designation : |
Director |
|
Address : |
G-102, Kanchanganga, Shivanand Gardens, Kothrud, Pune-411038,
Maharashtra, India |
|
Date of Birth/Age : |
03.12.1963 |
|
Date of Appointment : |
29.06.2012 |
|
DIN No.: |
05228742 |
|
|
|
|
Name : |
Mr. Robert Blake Snider |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
1863 Sunset CT Allen Texas 75013 |
|
Date of Birth/Age : |
28.11.1969 |
|
Date of Appointment : |
24.12.2012 |
|
DIN No.: |
06499657 |
KEY EXECUTIVES
|
Name : |
Mr. Ashish Brij Mishra |
|
Designation : |
Secretary |
|
Address : |
A-Wing, 803, Kakdey City, Kerve Nagar, Pune-411052, Maharashtra, India |
|
Date of Birth/Age : |
06.05.1981 |
|
Date of Appointment : |
15.04.2008 |
|
PAN No.: |
ANAPM9993P |
|
|
|
|
Name : |
Mr. Prasanna |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
PHE Holding AB, Sweden |
|
3009999 |
|
Alfa Laval Corporation AB, |
|
1 |
|
|
|
|
|
TOTAL
|
|
3010000 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Industrial Heat Exchangers, Plate and
Frame Heat Exchangers. |
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|
|
||||
|
Products : |
· Welded Plate Heat Exchanger · Immersion Heat Exchanger · Gasketed Plate Heat Exchanger · Plate Heat Exchanger · Frame Heat Exchanger · Light Duty Heat Exchanger · Heat Exchanger Spare Parts |
||||
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|
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Exports : |
|
||||
|
Products : |
Industrial Heat Exchangers, Plat and Frame Heat Exchanges |
||||
|
Countries : |
·
China ·
Sweden ·
Europe ·
USA ·
South East India ·
Korea ·
Nigeria ·
Spain ·
Saudi Arabia |
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|
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Imports : |
|
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|
Products : |
Raw Materials |
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|
Countries : |
·
Germany ·
Mexico ·
USA |
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|
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Terms : |
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Selling : |
Credit / Advance |
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|
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Purchasing : |
Cash / Advance Payment |
PRODUCTION STATUS [AS ON 31.12.2011]
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity (Quantity) |
Actual Production (Quantity) |
|
Plate heat exchangers |
Nos. |
NA |
6000 |
4473 |
NOTES:
In terms of Notification No. 477 (E) dated July 25, 1991, issued by the Ministry of Industry, Department of Industrial Development, the Company’s products have been exempted from industrial licensing. Accordingly, disclosure requirements concerning licensed capacity are not applicable.
Installed capacity has been certified by the Company and relied on by the auditors, this being a technical matter.
GENERAL INFORMATION
|
Customers : |
End Users and OEM’s |
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No. of Employees : |
150 [Approximately] |
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Bankers : |
HSBC Bank, |
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Associates Chartered Accountant |
|
Address : |
A-14, Nanddham Building, 4th Floor, Brijdham Nanddham Co-Operative Housing Society, Bangur Nagar, Goregaon (West), Mumbai, Maharashtra, India |
|
PAN No: |
AABFS3421N |
|
|
|
|
Fellow Subsidiaries : |
·
Tranter Heat Exchangers (Beijing) Company
Limited, China ·
Tranter International AB, Sweden ·
Tranter Heat Exchangers Middle East (Cyprus)
Limited, Cyprus ·
Tranter Heat Exchangers Pty Limited, Australia ·
Tranter Inc., USA ·
Alfa Laval Lund AB, Sweden ·
Tranter HES GmbH, Schopfheim, Germany ·
Alfa Laval (India) Limited, India |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3010000 |
Equity Shares |
Rs.10/- each
|
Rs.30.100
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.12.2012 |
31.12.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
30.100 |
30.100 |
|
(b) Reserves & Surplus |
|
122.234 |
89.289 |
|
(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) |
|
152.334 |
119.389 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.000 |
13.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) Long-term
provisions |
|
11.423 |
7.913 |
|
Total Non-current
Liabilities (3) |
|
11.423 |
20.913 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
541.189 |
493.684 |
|
(b)
Trade payables |
|
133.815 |
211.354 |
|
(c) Other
current liabilities |
|
88.753 |
216.487 |
|
(d) Short-term
provisions |
|
16.758 |
10.413 |
|
Total Current
Liabilities (4) |
|
780.515 |
931.938 |
|
|
|
|
|
|
TOTAL |
|
944.272 |
1072.240 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
318.634 |
255.412 |
|
(ii)
Intangible Assets |
|
23.491 |
28.170 |
|
(iii)
Capital work-in-progress |
|
7.830 |
0.486 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
31.581 |
24.224 |
|
(d) Long-term Loan and Advances |
|
19.929 |
81.682 |
|
(e) Other
Non-current assets |
|
3.794 |
18.419 |
|
Total Non-Current
Assets |
|
405.259 |
408.393 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
207.561 |
301.294 |
|
(c)
Trade receivables |
|
248.360 |
252.665 |
|
(d) Cash
and cash equivalents |
|
7.791 |
1.195 |
|
(e)
Short-term loans and advances |
|
63.856 |
96.931 |
|
(f)
Other current assets |
|
11.445 |
11.762 |
|
Total
Current Assets |
|
539.013 |
663.847 |
|
|
|
|
|
|
TOTAL |
|
944.272 |
1072.240 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
30.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
88.359 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
118.459 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
609.077 |
|
|
TOTAL BORROWING |
|
|
609.077 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
727.536 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
275.707 |
|
|
Capital work-in-progress |
|
|
0.770 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
13.939 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
238.399 |
|
|
Sundry Debtors |
|
|
376.241 |
|
|
Cash & Bank Balances |
|
|
13.999 |
|
|
Other Current Assets |
|
|
5.046 |
|
|
Loans & Advances |
|
|
124.660 |
|
Total
Current Assets |
|
|
758.345 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
215.057 |
|
|
Other Current Liabilities |
|
|
86.870 |
|
|
Provisions |
|
|
19.298 |
|
Total
Current Liabilities |
|
|
321.225 |
|
|
Net Current Assets |
|
|
437.120 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
727.536 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1034.790 |
911.770 |
1017.800 |
|
|
|
Other Income |
0.090 |
0.950 |
34.220 |
|
|
|
TOTAL |
1034.880 |
912.720 |
1052.020 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
979.520 |
908.360 |
1014.290 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
55.360 |
4.360 |
37.730 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
22.420 |
3.430 |
8.530 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
32.940 |
0.930 |
29.200 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
10.94 |
0.31 |
9.70 |
|
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Sales Turnover [Approximately] |
|
900.000 |
800.000 |
The above information has been parted by Mr. Prasanna.
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
3.18
|
0.10 |
2.77 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.35
|
0.47 |
3.71 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.12
|
0.42 |
3.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.04 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.55
|
4.24 |
5.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.69
|
0.71 |
2.36 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.12.2011 |
31.12.2012 |
|
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
|
30.100 |
30.100 |
|
Reserves & Surplus |
|
89.289 |
122.234 |
|
Net worth |
|
119.389 |
152.334 |
|
|
|
|
|
|
long-term borrowings |
|
13.000 |
0.000 |
|
Short term borrowings |
|
493.684 |
541.189 |
|
Total
borrowings |
|
506.684 |
541.189 |
|
Debt/Equity
ratio |
|
4.244 |
3.553 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
1017.800 |
911.770 |
1034.790 |
|
|
|
(10.418) |
13.492 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
1017.800 |
911.770 |
1034.790 |
|
Profit |
29.200 |
0.930 |
32.940 |
|
|
2.87% |
0.10% |
3.18% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES OF LONG TERM
DEBT:
|
Particulars |
31.12.2012 [Rs. in millions] |
31.12.2011 [Rs. in millions] |
31.12.2010 [Rs. in millions] |
|
|
|
|
|
|
Current
Maturities of Long Term Debt |
13.000 |
94.332 |
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 |
Yes |
|
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 three 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 |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
NOTE:
Registered office of the company has been shifted from Gat No. 985, Sanaswadi, Shirur, Pune-412208, Maharashtra, India to the present address w.e.f.01.01.2010.
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
FINANCIAL HIGHLIGHTS:
During the year,
the Company recorded a Sales turnover (including service income) of Rs,
1034.790 Millions as against Rs.911.770 Millions in the previous year. The
total income for the year ended was Rs.1034.880 Millions (2011: Rs.912.720
Millions). The Company earned a profit before tax of Rs. 55.360 Millions as
against Rs.4.360 Millions in the previous year. After providing an amount of
Rs.22.410 Millions (2011: Rs.1.510 Millions) for taxation, the net profit for
the period was Rs.32.940 Millions (2011: Rs.2.850 Millions subject to
adjustment of prior period expenses) which is being retained in the Profit and
Loss Account.
FIXED ASSETS:
· Land
· Factory Building
· Plant and Machinery
· Office Equipments
· Computer Equipments
· Furniture and Fixtures
· Vehicles
· Goodwill
· Computer Software
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.60.26 |
|
|
1 |
Rs.100.70 |
|
Euro |
1 |
Rs.83.27 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
57 |
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.