1. Summary Information
|
Country |
India |
||
|
Company Name |
CHOWGULE AND
COMPANY PRIVATE LIMITED |
Principal Name 1 |
Mr. Vijay Vishwasrao Chowgule |
|
Status |
Good |
Principal Name 2 |
Mr. Ramesh Laxmanrao Chowgule |
|
Registration # |
24-000041 |
||
|
Street Address |
Chowgule House, Mormugao Harbour, Goa – 403803, India |
||
|
Established Date |
24.06.1965 |
SIC Code |
-- |
|
Telephone# |
91-832-2521010 |
Business Style 1 |
Mining |
|
Fax # |
91-832-2521011 |
Business Style 2 |
Export |
|
Homepage |
Product Name 1 |
Iron Ore |
|
|
# of employees |
3000
(Approximately) |
Product Name 2 |
Shipbuilding |
|
Paid up capital |
Rs.50,042,000/- |
Product Name 3 |
Industrial Salt |
|
Shareholders |
Bodies corporate 84% Directors or
relatives of Directors 16% |
Banking |
State Bank of
India |
|
Public Limited Corp. |
NO |
Business Period |
49 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(53) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary |
India
|
Chowgule and Company (Salt) Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
7,342,052,000 |
Current Liabilities |
684,537,000 |
|
Inventories |
1,871,694,000 |
Long-term Liabilities |
978,571,000 |
|
Fixed Assets |
4,281,100,000 |
Other Liabilities |
329,976,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,993,084,000 |
|
Invest& other Assets |
12,263,062,000 |
Retained Earnings |
23,714,782,000 |
|
|
|
Net Worth |
23,764,824,000 |
|
Total Assets |
25,757,908,000 |
Total Liab. & Equity |
25,757,908,000 |
|
Total Assets (Previous Year) |
25,782,061,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
996,578,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
3918,259,000 |
MIRA INFORM REPORT
|
Report Date : |
24.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
CHOWGULE AND COMPANY PRIVATE LIMITED (w.e.f 21.11.2006) |
|
|
|
|
Formerly Known
As : |
CHOWGULE AND COMPANY LIMITED |
|
|
|
|
Registered
Office : |
Chowgule House, Mormugao Harbour, Goa - 403803 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
24.06.1965 |
|
|
|
|
Com. Reg. No.: |
24-000041 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.50.042 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63031GA1965PTC000041 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Mining, Beneficiation and Export of |
|
|
|
|
No. of Employees
: |
3000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 95059000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having good track record. There is a dip in profit of the company in the year 2013. However,
liquidity position of the company is strong and healthy. Trade relation reported to be fair. Business is active. Payment terms
are reported to be regular and as per commitment. The company can be considered normal for business dealing 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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
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 |
ICRA |
|
Rating |
Term loans A+ |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
January 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term fund based and non-fund based
limits A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
January 2014 |
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. Neeraj Pandey |
|
Designation : |
Account Executive |
|
Contact No.: |
91-832-2521010 |
|
Date : |
17.04.2014 |
LOCATIONS
|
Registered Office : |
Chowgule House, |
|
Tel. No.: |
91-832-2521010/ 2525061/ 2525000/ 2525004 |
|
Fax No.: |
91-832-2521011 |
|
E-Mail : |
|
|
Website : |
|
|
Location
: |
Owned |
|
|
|
|
Ship Yard : |
Near Borim bridge, Loutlim – 403718, |
|
Tel. No.: |
91-832-2777010/2777343/34/639/638 |
|
Fax No.: |
91-832-2858058 |
|
E-Mail : |
|
|
|
|
|
Mumbai Office : |
4th Floor, Bhaktawar, Nariman Point, Mumbai – 400021, |
|
Tel. No.: |
91-22-66202500 |
|
Location : |
Owned |
DIRECTORS
As on 05.08.2013
|
Name : |
Mr. Vijay Vishwasrao Chowgule |
|
Designation : |
Chairman cum
Managing Director |
|
Address : |
Chowgule Bunglow,
House No 189-A, Baina, Vasco-Da-Gama, South Goa , Goa – 403802, |
|
Date of Birth/Age : |
22.08.1946 |
|
Date of Appointment : |
16.08.1974 |
|
DIN No.: |
00018903 |
|
|
|
|
Name : |
Mr. Ramesh Laxmanrao Chowgule |
|
Designation : |
Managing Director |
|
Address : |
House No 678, La
Citadel Colony, Caranzale Dona Paula, North Goa, Goa – 403004, |
|
Date of Birth/Age : |
08.06.1942 |
|
Date of Appointment : |
01.12.1972 |
|
DIN No.: |
00018910 |
|
|
|
|
Name : |
Mr. Ashok Vishwasrao Chowgule |
|
Designation : |
Whole Time
Director |
|
Address : |
Kanchanjunaga 5th
Floor, |
|
Date of Birth/Age : |
25.01.1948 |
|
Date of Appointment : |
16.08.1974 |
|
DIN No.: |
00018970 |
|
|
|
|
Name : |
Mr. Suresh Narsappa Talwar |
|
Designation : |
Director |
|
Address : |
10, Shivshanti Bhuvan,
146 Maharshi Karve Road, Churchgate Reclamation, Mumbai – 400020,
Maharasahtra, India |
|
Date of Birth/Age : |
21.11.1937 |
|
Date of Appointment : |
27.03.1992 |
|
DIN No.: |
00001456 |
|
|
|
|
Name : |
Mr. Suresh
Laxmanrao Chowgule |
|
Designation : |
Director |
|
Address : |
Flat No.181, 8th
Floor, Jolly Maker Apartments No.3, Cuffe Parade Colaba, Mumbai – 400005, |
|
Date of Birth/Age : |
30.10.1940 |
|
Date of Appointment : |
01.12.1972 |
|
DIN No.: |
00100065 |
|
|
|
|
Name : |
Mr. Jaywant
Yeshwantrao Chowgule |
|
Designation : |
Director |
|
Address : |
Chowgule Bunglow,
Chicalim, Vasco D a Gama, South Goa – 403711, |
|
Date of Birth/Age : |
28.02.1958 |
|
Date of Appointment : |
24.09.2004 |
|
DIN No.: |
00019008 |
|
|
|
|
Name : |
Mr Umaji
Vishwasrao Chowgule |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
27.12.1953 |
|
Date of Appointment : |
25.08.2005 |
|
DIN No.: |
00018993 |
|
|
|
|
Name : |
Ms. Padma Vishwasrao Chowgule |
|
Designation : |
Director |
|
Address : |
91, Advent 9th Floor, Gen Jaggannath Bhosle, Mumbai –
400021, |
|
Date of Birth/Age : |
22.08.1955 |
|
Date of Appointment : |
26.02.2009 |
|
DIN No.: |
00006969 |
|
|
|
|
Name : |
Mr. Pradeep Prabhakar Mahatme |
|
Designation : |
Director |
|
Address : |
House No.8/65/A,
Near Telephone Exchange, Altinho Panaji, North Goa, Goa – 403001, |
|
Date of Birth/Age : |
03.11.1951 |
|
Date of Appointment : |
14.02.1989 |
|
DIN No.: |
00019106 |
KEY EXECUTIVES
|
Name : |
Mr. Rama
Bhima Bilguche |
|
|
Designation : |
Company Secretary |
|
|
Address : |
A-1, Ankur Mother
Teresa Colony, Near Mes College, Zuari Nagar Sancoale, South Goa, Goa -
403726 |
|
|
Date of Birth
: |
09.07.1951 |
|
|
Date of
Appointment : |
24.05.2001 |
|
|
PAN.: |
ACLPB8348M |
|
|
|
|
|
|
Name : |
Mr. Neeraj Pandey |
|
|
Designation : |
Account Executive |
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 05.08.2013
|
Names of Shareholders |
No. of Shares |
|
Vijay V.
Chowgule |
22483 |
|
Vijay V Chowgule |
73754 |
|
Ashok V.
Chowgule |
95783 |
|
Vishwasrao
D Chowgule Jointly Mr. Yeshwantrao D. Chowgule |
2000 |
|
Yeshwantrao
D.Chowgule |
12814 |
|
Yeshwanlrao
D. Chowgule |
9506 |
|
Yeshwantrao
D. Chowgule |
9506 |
|
Yeshwantrao
D.Chowgule |
4746 |
|
Yeshwantrao
D. Chowgule |
4754 |
|
Yeshwanlrao
D Chowgule |
4754 |
|
Sulekbabai
Y Chowgule |
4747 |
|
Sulekbabai
Y. Chowgule |
4746 |
|
Sulekhabai
Y.Chowgule |
4747 |
|
Laxmanrao
D.Chowgule |
9480 |
|
Laxmanrao
D. Chowgule |
4746 |
|
lndirabai
L Chowgule |
9506 |
|
lndirabai
L Chowgule |
4754 |
|
SureshL
Chowgule |
58880 |
|
Suresh L.
Chowgule |
3166 |
|
Sulakshana
S Chowgule |
2934 |
|
Sulakshana
S Chowgule |
1586 |
|
Ramesh
L.Chowgule |
61814 |
|
Ramesh
L.Chowgule |
1114 |
|
Bonnie R
Chowgule |
3640 |
|
Haraii
Dilip Naik |
9508 |
|
Bharali
Dilip Naik |
4752 |
|
Sarita
Pratap Shirke |
206007 |
|
Rohini
Vishwasrao Chowgule |
47917 |
|
Uma|i V.
Chowgule |
47917 |
|
Padma V Chowgule |
47919 |
|
Chowgule
Real Estate S Const Company Private Limited, India |
66 |
|
Dolphin
Ore Extraction Private Limited, India |
1626446 |
|
Dolphin Mining Sen/ices Private Limited, India |
1197578 |
|
Dolphin Extrusions Private Limited, India |
1400098 |
|
TOTAL |
5004168 |
As on 05.08.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
84.00 |
|
Directors or relatives of Directors |
16.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Mining, Beneficiation and Export of |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Exports : |
|
||||||||
|
Products : |
Finished Goods |
||||||||
|
Countries : |
|
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
L/C and Credit |
||||||||
|
|
|
||||||||
|
Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
No. of Employees : |
3000 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
¨ State Bank of
India, Industrial Finance Branch, Wakdewadi, Pune – 410003, Maharashtra,
India ¨ State Bank of
India, Commercial Branch, Fracisco Luis Gomes Road, Vasco Da Gama – 403802,
Goa, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. B. Billimoria and Company Chartered Accountants |
|
Address : |
Chartered Accountants, 12, Annie Basant Road, Opposite Shiv Sagar
Estate, Worli, Mumbai – 400018, |
|
PAN
No. : |
AAAFS7376P |
|
|
|
|
Subsidiary
Companies : |
CIN No.: U16005GA2008PTC005549
CIN No.: U45203PN2007PTC130582
|
|
|
|
|
Associate Companies
and Enterprises in which shareholders and key management personnel of the
Company: |
CIN No.: U35111GA2002PTC003085
CIN No.: U51109GA1963PTC000010
CIN No.: L30007KA1977PLC031660
CIN No.: U31200GA1984PTC000597
CIN No.: U24111GA1956PTC000198
|
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5499580 |
Equity Shares |
Rs.10/- each |
Rs.54.996 Millions |
|
15006220 |
Preference Shares |
Rs.10/- each |
Rs.150.062 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.205.058
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5004168 |
Equity Shares |
Rs.10/- each |
Rs.50.042 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
50.042 |
50.042 |
|
(b) Reserves & Surplus |
|
23714.782 |
22776.730 |
|
(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) |
|
23764.824 |
22826.772 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
978.571 |
1104.214 |
|
(b) Deferred tax liabilities (Net) |
|
131.970 |
183.825 |
|
(c) Other long term
liabilities |
|
19.269 |
19.272 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
1129.810 |
1307.311 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
195.737 |
428.941 |
|
(c) Other
current liabilities |
|
469.531 |
833.711 |
|
(d) Short-term
provisions |
|
198.006 |
385.326 |
|
Total Current
Liabilities (4) |
|
863.274 |
1647.978 |
|
|
|
|
|
|
TOTAL |
|
25757.908 |
25782.061 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
4264.554 |
4438.001 |
|
(ii)
Intangible Assets |
|
16.546 |
0.074 |
|
(iii)
Capital work-in-progress |
|
60.877 |
92.792 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
6608.044 |
5904.702 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
4173.306 |
540.014 |
|
(e) Other
Non-current assets |
|
2.082 |
11.835 |
|
Total Non-Current
Assets |
|
15125.409 |
10987.418 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
5594.141 |
5048.265 |
|
(b)
Inventories |
|
1871.694 |
3186.526 |
|
(c) Trade
receivables |
|
432.718 |
945.459 |
|
(d) Cash
and cash equivalents |
|
289.928 |
1264.018 |
|
(e)
Short-term loans and advances |
|
2417.160 |
4336.036 |
|
(f) Other current
assets |
|
26.858 |
14.339 |
|
Total
Current Assets |
|
10632.499 |
14794.643 |
|
|
|
|
|
|
TOTAL |
|
25757.908 |
25782.061 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
50.042 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
19175.385 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
19225.427 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1128.500 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
1128.500 |
|
|
DEFERRED TAX LIABILITIES |
|
|
123.730 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
20477.657 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
4717.254 |
|
|
Capital work-in-progress |
|
|
98.689 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
9855.984 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
3310.926
|
|
|
Sundry Debtors |
|
|
1452.843
|
|
|
Cash & Bank Balances |
|
|
655.824
|
|
|
Other Current Assets |
|
|
42.095
|
|
|
Loans & Advances |
|
|
2450.680
|
|
|
Interest accrued on investment |
|
|
0.000
|
|
Total
Current Assets |
|
|
7912.368
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
752.768
|
|
|
Other Current Liabilities |
|
|
1075.829
|
|
|
Provisions |
|
|
278.041
|
|
Total
Current Liabilities |
|
|
2106.638
|
|
|
Net Current Assets |
|
|
5805.730
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
20477.657 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
|
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
NA |
NA |
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1314.723 |
5978.354 |
5255.418 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
318.145 |
2060.095 |
1714.070 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
996.578 |
3918.259 |
3541.348 |
|
|
|
|
|
|
|
|
|
Add |
PRIOR YEAR
ADJUSTMENTS: PRIOR YEAR TAXES
– (NET) |
0.021 |
(26.114) |
(4.758) |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
864.655 |
368.308 |
348.036 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
1000.000 |
3105.000 |
3400.000 |
|
|
|
Dividend |
50.042 |
250.208 |
100.083 |
|
|
|
Tax on Dividend |
8.505 |
40.590 |
16.236 |
|
|
BALANCE CARRIED
TO THE B/S |
802.702 |
864.655 |
368.308 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
|
|
10760.244 |
|
|
|
Dispatch money |
NA |
NA |
2.177 |
|
|
|
Others - Interest |
|
|
0.117 |
|
|
|
Income from charter hire |
|
|
170.603 |
|
|
TOTAL EARNINGS |
|
|
10933.141 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
|
|
610.458 |
|
|
|
Capital Goods |
NA |
NA |
116.167 |
|
|
TOTAL IMPORTS |
|
|
726.625 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
199.15 |
782.99 |
706.73 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.87
|
31.08
|
41.61
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.26
|
0.27
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.04
|
0.05
|
0.17
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42
|
15.64
|
3.76
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
50.042 |
50.042 |
|
Reserves & Surplus |
22776.730 |
23714.782 |
|
Net worth |
22826.772 |
23764.824 |
|
|
|
|
|
long-term borrowings |
1104.214 |
978.571 |
|
Short term borrowings |
0.000 |
0.000 |
|
Total
borrowings |
1104.214 |
978.571 |
|
Debt/Equity
ratio |
0.048 |
0.041 |
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
three years |
No |
|
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 |
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 |
No |
|
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 |
10234388 |
10/03/2012 * |
1,154,366,752.94 |
State Bank of India Commercial Branch |
Shree Vidyadhiraj Bhavan, Francisco Luis Gomez Road, Vasco Da Gama, Goa
- 403802, INDIA |
B36219780 |
|
2 |
80029037 |
24/03/2011 * |
4,930,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, SHREE VIDHYADHIRAJ BHAVAN, FRANCISCO LUIS GOMES
ROAD, VASCO DA GAMA, Goa - 403802, INDIA |
B10239515 |
|
3 |
90076931 |
10/05/2005 |
1,985,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, VASCO DA GAMA, Goa, INDIA |
- |
|
4 |
90076760 |
31/07/2002 * |
7,000,000.00 |
CHOWGALC AND COMPANY LIMITED |
CHOWGULC HOUSE, MORMUGAO HARBOUR, HARBOUR, Goa 403803, INDIA |
- |
|
5 |
90064752 |
25/08/1998 |
27,000,000.00 |
THE GOA URBAN CO-OPERATIVE BANK LTD. |
VASCO. DA. GAMA. GOA., GOA, Goa, INDIA |
- |
|
6 |
90077781 |
31/03/1998 |
876,700,000.00 |
STATE BANK OF INDIA |
VASCO DA GAMA, VASCO DA GAMA, Goa, INDIA |
- |
|
7 |
90075692 |
31/12/2013 * |
624,600,000.00 |
State Bank of India |
INDUSTRIAL FINANCE BRANCH, TARA CHAMBERS, WAKDEWADI, MUMBAI PUNE ROAD,
PUNE, Maharashtra - 411003, |
B94050432 |
|
8 |
90077136 |
08/03/2005 * |
276,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, VASCO DA GAMA, Goa, INDIA |
- |
|
9 |
90075690 |
18/03/1998 * |
26,938,897.00 |
STATE BANK OF INDIA |
VASCO DA GAMA, VASCO DA GAMA, Goa, INDIA |
- |
|
10 |
90077078 |
14/10/1992 |
30,000,000.00 |
BANK OF TOKYO LTD |
JEEVAN PRAKASH, SIR P M ROAD, BAMBAY, Maharashtra - 400001, INDIA |
- |
|
11 |
90076651 |
02/04/1991 |
5,000,000.00 |
STANDARD CHARTERED BANK |
BAMBAY, BAMBAY, Maharashtra, INDIA |
- |
|
12 |
90076647 |
30/01/1991 |
40,997,000.00 |
STATE BANK OF INDIA |
VASCO DA GAMA, VASCO DA GAMA, Goa, INDIA |
- |
|
13 |
90076623 |
14/04/1987 |
1,221,400.00 |
STATE BANK OF INDIA |
VASCO DA GAMA, VASCO DA GAMA, Goa, INDIA |
- |
|
14 |
90076611 |
22/03/1984 |
1,508,700.00 |
STATE BANK OF INDIA |
VASCO DA GAMA, VASCO DA GAMA, Goa, INDIA |
- |
|
15 |
90076983 |
18/03/1998 * |
100,000,000.00 |
STATE BANK OF INDIA |
VASCO DA GAMA, VASCO DA GAMA, Goa, INDIA |
- |
|
16 |
90075670 |
10/05/1982 |
100,000,000.00 |
STATE BANK OF INDIA |
VASCO DA GAMA BRANCH, VASCO DA GAMA, Goa, INDIA |
- |
|
17 |
90075904 |
16/01/1981 |
6,850,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CORPORATION OF INDIA LT |
163 BACKBAY RECLAMATION, BAMBAY, Maharashtra - 400020, INDIA |
- |
|
18 |
90076600 |
07/02/1980 |
10,000,000.00 |
STATE BANK OF INDIA |
VASCO DA GAMA, VASCO DA GAMA, Goa, INDIA |
- |
|
19 |
90076970 |
28/07/1979 |
407,145.00 |
STATE BANK OF INDIA |
VASCO DA GAMA, VASCO DA GAMA, Goa, INDIA |
- |
|
20 |
90076969 |
26/04/1979 |
116,800.00 |
STATE BANK OF INDIA |
VASCO DA GAMA, VASCO DA GAMA, Goa, INDIA |
- |
|
21 |
90076967 |
19/02/1978 |
6,500,000.00 |
STATE BANK OF INDIA |
VASCO DA GAMA, VASCO DA GAMA, Goa, INDIA |
- |
|
22 |
90076589 |
16/11/1973 |
130,889.00 |
STATE BANK OF INDIA |
VASCO DA GAMA, VASCO DA GAMA, Goa, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Structures and Buildings
- Adoration of Deities
- Structures and Buildings
- Plant and Machinery
- Railway Siding
- River Fleet
- Ship
- Motor Vehicles
- Furniture, fittings and office
- Equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.07 |
|
|
1 |
Rs.102.76 |
|
Euro |
1 |
Rs.84.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--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 |
|
53 |
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.