MIRA
INFORM REPORT
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Report Date : |
01.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHELL INDIA MARKETS PRIVATE LIMITED (w.e.f. 25.11.2008) |
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Formerly Known
As : |
SHELL INDIA MARKETING PRIVATE LIMITED |
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Registered Office
: |
2nd Floor, Campus 4A, RMZ Millenia, No. 143, Dr. M.G.R.
Road, Kandanchavady, Perungudi, Chennai – 600 096, Tamilnadu |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
06.05.2004 |
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Com. Reg. No.: |
18-53147 |
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Capital
Investment/ Paid-up Capital: |
Ra. 19737.040 Millions |
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CIN No.: [Company Identification
No.] |
U23201TN2004PTC053147 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Marketer of Oil Products. |
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No. of
Employees: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 48000000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having moderate track. The rating is constrained on account of company’s moderate financial
risk profile and continuous accumulated losses incurred by the company over a
year. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization policies.
A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. K. Abraham Mammen |
|
Designation : |
Secretary |
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Contact No.: |
91-80-40217070 |
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Date : |
28.07.2014 |
LOCATIONS
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Registered Office / Financial Service Office: |
2nd Floor, Campus 4A, RMZ Millenia, No. 143, Dr. M.G.R.
Road, Kandanchavady, Perungudi, Chennai – 600 096, Tamilnadu, India |
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Tel. No.: |
91-44-43450000 / 30991103 / 43442650 |
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Fax No.: |
91-44-43451500 / 43451516 |
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E-Mail : |
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Website : |
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Corporate Office / Bitumen : |
9th Floor, Building 9A, |
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Tel. No.: |
91-124-4771500 |
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Fax No.: |
91-124-4771601 |
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Factory 1 : |
Plot No. 54, WBIIDC, Uluberia Industrial growth Centre, Birshibpur,
Howrah-711 316, West Bengal, India |
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Tel. No. : |
91-33-64509267 / 26611463 |
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Fax No. : |
91-33-26611600 |
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Factory 2 : |
Plot 745, GIDC, Manjusar, Tal Savli, Dist Vadodara-391775, |
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Tel. No. : |
91-2667-264151 / 152 |
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Fax No. : |
91-2667-264153 |
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Lubricants : |
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Tel. No.: |
91-22-40363888 |
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Fax No.: |
91-22-40363847 |
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Retail : |
3rd Floor, RMZ Centennial, Campus B, 8B, |
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Tel. No.: |
91-80-40217070 / 7137 |
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Fax No.: |
91-80 -40217067 |
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Project and Technology : |
4th Floor, RMZ Centennial Building No. 8-B,
Kundalahalli Main Road, Mahadevapura P.O., Bangalore - 560 048, Karnataka,
India |
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Tel. No.: |
91-80-40217137 |
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Fax No.: |
91-80-40217160 |
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E-Mail : |
DIRECTORS
AS ON 13.09.2013
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Name : |
Mr. Ravi Sundararajan |
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Designation : |
Director |
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Address : |
A 104, Mantri
Classic, 1st Main 8th Cross 4th, Block Koramangala Near Rahya Residency, Bangalore - 560034, Karnataka, India |
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Date of Birth/Age : |
02.10.1959 |
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Date of Appointment : |
06.05.2004 |
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Din No.: |
02075190 |
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Name : |
Mr. Rajagopal Suryanarayana |
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Designation : |
Director |
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Address : |
F-603, Ambience Island, Nathupur, National
Highway-8, Gurgaon, Haryana – 122002, India |
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Date of Birth/Age : |
17.02.1964 |
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Date of Appointment : |
29.09.2011 |
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Din No.: |
00117620 |
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Other Directorship:
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Name : |
Nitin Chandrashanker Shukla |
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Designation : |
Director |
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Address : |
13, Basant Bahar, Bopal, Ahmedabad -380058, Gujarat, India |
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Date of Birth/Age : |
14.04.1952 |
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Date of Appointment : |
26.09.2012 |
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DIN No. : |
00041433 |
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Other Directorship :
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Name : |
Nitin Prasad |
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Designation : |
Director |
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Address : |
H-No 4 Padmini
Enclave, Aurobindo Marg Hauz Khas, New Delhi - 110016, India |
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Date of Birth/Age : |
10.01.1977 |
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Date of Appointment : |
26.09.2012 |
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DIN No. : |
05261866 |
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Other Directorship :
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Name : |
Vinay Lajmi |
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Designation : |
Director |
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Address : |
3 Jalan Rumbia, 1003 The Imperial, Singapore - 239617, Singapore |
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Date of Birth/Age : |
30.06.1969 |
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Date of Appointment : |
26.09.2012 |
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DIN No. : |
05261895 |
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Other Directorship :
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Name : |
Yasmine Hilton |
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Designation : |
Director |
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Address : |
6 Bernard Gdns, London |
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Date of Birth/Age : |
24.12.1953 |
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Date of Appointment : |
13.09.2013 |
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DIN No. : |
06413308 |
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Other Directorship :
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Name : |
Padma Ranganath Char |
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Designation : |
Director |
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Address : |
5/168 Padmalaya, N Parikh Marg, Wadala, Mumbai, 400031, Maharashtra,
India |
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Date of Birth/Age : |
11.07.1968 |
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Date of Appointment : |
13.09.2013 |
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DIN No. : |
06489815 |
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Other Directorship :
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Name : |
Keith Robert Lewis |
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Designation : |
Director |
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Address : |
Villa # 13,
Windmills of Your Mind, Hoodi Village, Epip Zone, Behind, Sap Labs,
Whitefield,, Bengaluru - 560066, Karnataka, India |
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Date of Birth/Age : |
04.10.1956 |
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Date of Appointment : |
13.09.2013 |
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Date of cessation : |
10.06.2014 |
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DIN No. : |
06489890 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. K. Abraham Mammen |
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Designation : |
Secretary |
|
Address : |
A 203 Mahaveer
Tuscan, 188/189 Basavanna Nagar Hoodi, Bangalore, 560048, Karnataka, India |
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Date of Birth/Age : |
17.07.1974 |
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Date of Appointment : |
19.07.2010 |
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PAN No.: |
AMGPM1943E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 13.09.2013
|
Names of Shareholders |
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No. of Shares |
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Shell Gas B.V., |
|
1973703882 |
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B.V. Petroleum |
|
1 |
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Total |
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1973703883 |
AS ON 21.01.2014
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Names of Allottee |
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No. of Shares |
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Shell Gas B.V., Netherlands |
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316978000 |
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Total |
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316978000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 13.09.2013
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Category |
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Percentage |
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Foreign holdings
(Foreign institutional investor(s), Foreign companie(s) Foreign financial
institution(s), Non-resident indian(s) or Overseas corporate bodies or
Others) |
|
100.00 |
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Total
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|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Marketer of Oil Products. |
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Lubricants |
Kiloliters (KL) |
64600 |
85.498 |
|
Emulsions and Modified Bitumen |
Metric Tons (MT) |
76000 |
31919 |
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·
* Installed capacity is as certified by the
management and relied upon by the auditors, being a technical matter. The
Installed capacity is per annum on a single shift basis.
·
# Actual Production is for extended shift.
·
Licenced capacity, Not Applicable.
GENERAL INFORMATION
|
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No. of Employees : |
Information declined by the management. |
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Bankers : |
Not Divulged |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Price Water House Coopers Chartered Accountants |
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Address : |
32 Khader Nawaz, Khan Road Nungambakkam |
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Pan No.: |
AAEFP5579P |
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Holding Company : |
Shell Gas B.V. |
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Ultimate Holding Company : |
Royal
Dutch Shell Plc |
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Associates /
Fellow Subsidiary Company : |
·
A/S Dansk Shell ·
A/S Norske Shell ·
Al Jomaih Shell Lubricating Oil Co Limited
(Josloc) ·
Belgian Shell S.A. ·
Brunei Shell Petroleum Company ·
Sendirian Berhad ·
Cri / Criterion Marketing Asia Pacific Pte
Limited ·
Cri Catalyst Company Belgium N.V ·
Cri Catalyst Company LP ·
CRI Catalyst Leuna GmbH (Formerly Kataleuna Gmbh
Catalysts) ·
Cri Catalyst Leuna Gmbh ·
Criterion Catalyst Company ·
Criterion Catalysts Technologies Canada Inc ·
Cri U.S. LP ·
Fusus Comercio E Participacoes LTDA ·
Hankook Shell Oil Company Limited ·
Hazira LNG Private Limited ·
Hazira Port Private Limited ·
Icolub - Industria De Lubrificantes S.A ·
Jordan Oil Shale Company B.V. ·
Kuwait Shell Limited ·
Motiva Enterprises LLC ·
Nederlandse Aardolie Maatschappij B.V. ·
OOO "Shell Neft" ·
Pennzoil Quaker State Company Petroleum
Development Oman LLC ·
Pilipinas Shell Pet roleum Corporation ·
PT Shell Indonesia ·
PT. Shell Manufacturing Indonesia ·
Qatar Shell GTL Limited ·
Qatar Shell Service Company W.L.L ·
Raizen Combustíveis S/A (Formerly Shell ·
Brasil LTDA) ·
Resco B.V. ·
Sarawak Shell Berhad ·
Shell Offshore (Personnel) Services B.V. ·
Shell Turcas Petros A.S ·
Shell (China) Limited ·
Shell (Petroleum Mining) Company LLC ·
Shell (Switzerland) AG ·
Shell Abu Dhabi B.V. ·
Shell Adria D.O.O. ·
Shell Algeria Zerafa Gmbh ·
Shell Australia Limited ·
Shell Austria Gesellschaft M.B.H. ·
Shell Brands International AG ·
Shell Brasil Petroleo LTDA ·
Shell Bulgaria Ead ·
Shell Business Service Centre Sdn. Bhd ·
Shell Canada Energy ·
Shell Canada Energy-OS ·
Shell Canada Limited ·
Shell Canada Limited-EP ·
Shell Canada Products Limited ·
Shell Centro De Servicos ·
Shell Chemical LP ·
Shell Chemicals Americas Inc ·
Shell Chemicals Europe B.V. ·
Shell Chemicals Japan Limited. ·
Shell Chemicals Limited ·
Shell Chemicals Seraya Pte Limited ·
Shell Chemicals Support Services Asia Limited ·
Shell China Exploration and Production Company
Limited ·
Shell China Holdings B.V . ·
Shell Czech Republic Akciova ·
Shell Deepwater Borneo Limited ·
Shell Deepwater Tanzania B.V. ·
Shell Deutschland Oil Gmbh ·
Shell Development (Australia) Propreitary Limited ·
Shell Distributor (Holdings) Limited ·
Shell East Europe Company Limited ·
Shell Eastern Petroleum (Pte) Limited ·
Shell Eastern Trading (Pte) Limited ·
Shell Egypt N.V. ·
Shell Energy North America (Canada) Inc ·
Shell EP Holdings (Ee Me) B.V. ·
Shell EP International Limited ·
Shell EP Wells Equipment Services B.V ·
Shell Espana S.A. ·
Shell Expatriate Employment Us Inc ·
Shell Exploration Production Company ·
Shell Exploration and Production AB ·
Shell Exploration Company (Rf) B.V. ·
Shell Exploration Company (West) B.V. ·
Shell Exploration Company B.V. ·
Shell Exploration Venture Services B.V ·
Shell Gas Power International B.V. ·
Shell Gas B.V. ·
Shell Global Solutions (Thailand) Limited ·
Shell Global Solutions International B. V. ·
Shell Global Solutions (Malaysia) Sdn Bhd ·
Shell Global Solutions (US) Inc ·
Shell Global Solutions Deutschland Gmbh ·
Shell Hong Kong Limited ·
Shell Hungary Kereskedelmi cLtd. ·
Shell India Employees Provident Trust Fund ·
Shell Information Technology International B. V. ·
Shell Information Technology International
Limited ·
Shell International B.V. ·
Shell International Exploration and Production
B.V. ·
Shell International Limited ·
Shell International Petroleum Company Limited ·
Shell International Petroleum Corp SEOP Division ·
Shell International Trading and Shipping Company
Limited ·
Shell International Trading Middle East Limited ·
Shell Italia S.P.A. ·
Shell Japan Limited ·
Shell Japan Ltd (Formerly Shell Global Solutions
(Japan) ·
Shell Kazakhstan
Development B.V. ·
Shell Kuwait Exploration and Production B.V. ·
Shell Lubricants Supply Company B.V. ·
Shell Luxembourgeoise Sarl ·
Shell Malaysia Trading Sendirian Berhad ·
Shell Marine Products (US) Company ·
Shell Marine Products As ·
Shell Marine Products Limited ·
Shell Marketing Egypt ·
Shell Markets (Middle East) Limited ·
Shell Markets Middle East Dubai ·
Shell Mds (Malaysia) Sendirian Berhad ·
Shell Mrpl Aviation Fuels and Services Limited
[U51909KA2008PLC045558] ·
Shell Nederland Chemie B.V. ·
Shell Nederland Raffinaderij B.V. ·
Shell Nederland Verkoopmaatschappij B.V. ·
Shell New Ventures Malaysia Sdn Bhd ·
Shell Offshore IncShell Offshore ·
Services B.V. ·
Shell Oil Company ·
Shell Oil Products Company LLC ·
Shell Oman Marketing Company SAOG ·
Shell Overseas Services Limited ·
Shell Pakistan Limited ·
Shell People Service Asia B.V. ·
Shell People Service Malaysia ·
Shell People ·
Shell Philippines Exploration B.V. ·
Shell Pipeline Company LP ·
Shell Polska Sp. ·
Zo.O. Oddzial W Zabierzowie ·
Shell Refining Company (Federation of Malaya)
Berhad ·
Shell Research Limited ·
Shell Shared Service Centre Glasgow Limited ·
Shell Shared Services (Asia )B .V. ·
Shell Slovakia S.R.O. ·
Shell South Africa Marketing(Pty)Limited ·
Shell Taiwan Limited ·
Shell Technology Ventures B.V. ·
Shell Trademark Management B.V. ·
Shell Trading (US) Company ·
Shell Trading International Limited ·
Shell Trading North America Company ·
Shell Trading Rotterdam B.V. ·
Shell Trading Services Company ·
Shell Treasury Center West Inc ·
Shell Treasury Centre East (Pte) Limited ·
Shell Treasury Centre Limited ·
Shell Trust (Bermuda) Limited ·
Shell U.K. Limited ·
Shell U.K. Oil Products Limited ·
Shell Upstream Overseas Services Limited ·
Shell US Gas Power LLC ·
Shell Vietnam Limited ·
Shell Windenergy Services Inc. ·
Showa Shell Sekiyu K.K. ·
Societe Des Lubrifiants De Nanterre ·
Societe Des Petroles Shell Sas ·
Solen Versicherungen AG ·
Superkad Services Sdn Bhd ·
The Shell Company of Australia Limited ·
The Shell Company of Thailand Limited ·
The Shell Company of Turkey Limited ·
The Shell Petroleum Development Company of
Nigeria Limited ·
Zhejiang Shell Oil Petrochemical Company Limited *Related Parties with whom the company had transactions during the
year. Related Parties with whom the company had transactions during the
previous year. |
CAPITAL STRUCTURE
AFTER 13.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3150000000 |
Equity Shares |
Rs.10/- each |
Rs.31500.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2290681883 |
Equity Shares |
Rs.10/- each
|
Rs. 22906.819 millions |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3150000000 |
Equity Shares |
Rs.10/- each |
Rs.31500.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1973703883 |
Equity Shares |
Rs.10/- each
|
Rs.19737.040
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
19,737.040 |
19,737.040 |
13,560.340 |
|
(b) Reserves & Surplus |
(7,858.740) |
(5,226.590) |
(1,348.810) |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
11,878.300 |
14,510.450 |
12,211.530 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
76.710 |
86.940 |
131.230 |
|
Total
Non-current Liabilities (3) |
76.710 |
86.940 |
131.230 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1,102.600 |
734.240 |
1,718.060 |
|
(b) Trade payables |
3,481.250 |
5,056.650 |
4,178.030 |
|
(c) Other current liabilities |
5,182.890 |
2,574.100 |
1,912.090 |
|
(d) Short-term provisions |
620.910 |
425.450 |
752.320 |
|
Total
Current Liabilities (4) |
10,387.650 |
8,790.440 |
8,560.500 |
|
|
|
|
|
|
TOTAL |
22,342.660 |
23,387.830 |
20,903.260 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
10,206.460 |
9,158.110 |
9,086.100 |
|
(ii) Intangible Assets |
459.910 |
586.150 |
2.900 |
|
(iii) Capital work-in-progress |
875.440 |
1,633.540 |
994.240 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1,120.380 |
999.900 |
1,709.070 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
12,662.190 |
12,377.700 |
11,792.310 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2,885.310 |
3,669.230 |
2,957.550 |
|
(c) Trade receivables |
4,637.550 |
4,893.420 |
2,891.550 |
|
(d) Cash and cash equivalents |
513.400 |
655.750 |
1,578.440 |
|
(e) Short-term loans and
advances |
1,644.210 |
1,371.010 |
884.130 |
|
(f) Other current assets |
0.000 |
420.720 |
799.280 |
|
Total
Current Assets |
9,680.470 |
11,010.130 |
9,110.950 |
|
|
|
|
|
|
TOTAL |
22,342.660 |
23,387.830 |
20,903.260 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
|
29,869.770 |
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
36,145.850 |
29,869.770 |
24,886.850 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
37,876.010 |
32,744.650 |
25,191.690 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(1,730.160) |
(2,874.880) |
(304.840) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
911.860 |
1,012.330 |
764.450 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(2,642.020) |
(3,887.210) |
(1,069.290) |
|
|
|
|
|
|
|
Less |
TAX |
(9.870) |
(9.430) |
279.520 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(2,632.150) |
(3,877.780) |
(1,348.810) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(1.33) |
(1.96) |
( 0.99) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(7.28) |
(12.98) |
(5.42) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(7.31) |
(13.01) |
(4.30) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(12.31) |
(17.87) |
(5.37) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.22) |
(0.26) |
(0.08) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.09 |
0.05 |
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.93 |
1.25 |
1.06 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
13,560.340 |
19,737.040 |
19,737.040 |
|
Reserves & Surplus |
(1,348.810) |
(5,226.590) |
(7,858.740) |
|
Net
worth |
12,211.530 |
14,510.450 |
11,878.300 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1,718.060 |
734.240 |
1,102.600 |
|
Total
borrowings |
1,718.060 |
734.240 |
1,102.600 |
|
Debt/Equity
ratio |
0.141 |
0.051 |
0.093 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
24,886.850 |
29,869.770 |
36,145.850 |
|
|
|
20.022 |
21.011 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
24,886.850 |
29,869.770 |
36,145.850 |
|
Profit/(Loss) After Tax |
(1,348.810) |
(3,877.780) |
(2,632.150) |
|
|
(5.42%) |
(12.98%) |
(7.28%) |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
No |
|
Name
of Person Contacted |
No |
|
Designation
of contact person |
No |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
Yes |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
No |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
No |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
|
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
PAN
of Proprietor/Partner/Director, if available |
No |
|
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
External Agency
Rating, if available |
No |
INDEX OF CHARGES : NO CHARGES EXIST FOR COMPANY
NOTE
The Registered Office of the company has been shifted from 8th
Floor, Westminster, No.70, Dr. Radhakrishnan Salai, Mylapore, Chennai – 600
004, Tamilnadu, India to the present address w.e.f. 15.07.2009.
UNSECURED LOANS
|
Particulars |
31.03.2013 Rs.
in millions |
31.03.2012 Rs.
in millions |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from others |
602.600 |
734.240 |
|
Working capital loans banks |
500.000 |
0.000 |
|
|
|
|
|
Total |
1102.600 |
734.240 |
OPERATIONS
Lubricants:
The business witnessed an increase in volume compared to last year, despite
facing a number of challenges from the slow- down in the economy, depreciation
of the rupee against the dollar and, volatile base oil prices. The India
lubricants business is a key market in the Asia Pacific region and through a
number of initiatives, the business aspiration is to improve market share by
2015.
Retail:
The business has seen a steady increase in monthly sales volume due to price
parity in petrol since December 2012. The management team remains optimistic
about the long term business prospects and has continued with its site
acquisition plan as per the network strategy.
Bitumen:
The business witnessed an increase in sales volumes compared to last year, as it
changed its focus from selling specialties to selling Pen grade through fixed
price deals.
Product
and Technology (P&T): The Shell Bangalore Technology Centre (STCB) of
SIMPL, the 3rd major Technology Centre of P&T, complements Houston (USA)
and Amsterdam (Netherlands) centres, and focuses on providing integrated
front-end development, on-shore oil and gas project definition and execution
support, product development, delivery of high end advanced technical studies
and services, etc. STCB?s Wet Research Laboratory in South Bangalore houses 13
user groups conducting research in areas such as Polymers, Fuels, Catalysts,
Bitumen and analytical fields.
The
Group accorded the final investment approval for a New Technology Centre in Nov
2012, after which the pre-construction work has been completed and the
construction will commence soon. This integrated new facility will offer
Upstream, Downstream refinery, Chemical operations and fundamental research.
Once the new Centre is ready, Field Development Plans, Technical Services, the
Front End Engineering Design of office and Capital Projects will be executed
from the office, whereas Research and Development will be performed through wet
facilities comprising of bench type Wet-lab facilities, interior and exterior
Pilot Plants and Large Scale Pilot Plants. Shell Business Service Centre
(SBSC): Our Business service centre in Chennai continued to absorb more finance
and accounting processes from Shell Group companies, with its head count
heading towards 1,800 employees as on March 31, 2013. The Centre continued to
achieve stabilisation of the operations through continuous improvement focus.
FIXED ASSETS
·
·
·
Buildings
·
Office Furniture, Fittings and
Equipments
·
Computer Hardware
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 records 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.60.25 |
|
|
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
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 |
|
32 |
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.