MIRA
INFORM REPORT
|
Report Date : |
05.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
PREMIER MILLS PRIVATE LIMITED [w.e.f.18.01.2007] |
|
|
|
|
Formerly Known
As : |
PREMIER FINE YARNS PRIVATE LIMITED PREMIER POLYYARNS LIMITED |
|
|
|
|
Registered Office
: |
244, |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
16.11.1994 |
|
|
|
|
Com. Reg. No.: |
18-005511 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 2.664
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17111TZ1994PTC005511 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP5924C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Cotton Yarn, Cotton Fabrics and Knitted
Fabrics. |
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|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (66) |
|
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 6400000 |
|
|
|
|
Status : |
Good |
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|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having fine track record. Financial position of the company seems to be sound. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = AA- |
|
Rating Explanation |
High degree of safety and carry very low
credit risk. |
|
Date |
February 08, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A1+ |
|
Rating Explanation |
High very strong degree of safety and carry
lowest credit risk. |
|
Date |
February 08, 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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Thangarajan |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-422-2221223 |
|
Date : |
05.08.2014 |
LOCATIONS
|
Registered Office : |
244, A.T.D. Street, Race Course, Coimbatore – 641018, Tamilnadu, India
|
|
Tel. No.: |
91-422-2221223 |
|
Fax No.: |
91-422-2221225 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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|
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|
Factory : |
Pulankina, Udumalpet Taluka, Coimbatore – 642127, Tamlnadu, India |
DIRECTORS
AS ON 24.08.2013
|
Name : |
Mr. Ramachandran Jagadish Chandran |
|
Designation : |
Managing director |
|
Address : |
245, A.T.D. Street, Race Course, Coimbatore – 641018, Tamilnadu, India
|
|
Date of Birth/Age : |
06.03.1941 |
|
Date of Appointment : |
12.08.2006 |
|
DIN No.: |
00005205 |
|
|
|
|
Name : |
Karadibhavi Varadarajan Srinivasan |
|
Designation : |
Managing director |
|
Address : |
#3 VP Naidu Street, Avanashi Road, Coimbatore – 641018, Tamilnadu, India |
|
Date of Birth/Age : |
13.03.1961 |
|
Date of Appointment : |
16.11.1994 |
|
DIN No.: |
00004103 |
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|
|
|
Name : |
Kavitha Varadaraj |
|
Designation : |
Managing director |
|
Address : |
#9 VP Naidu Street, Avanashi Road, Coimbatore – 641018, Tamilnadu, India |
|
Date of Birth/Age : |
03.01.1970 |
|
Date of Appointment : |
04.08.2006 |
|
DIN No.: |
00007412 |
|
|
|
|
Name : |
Mr. Damotharan Rajendran |
|
Designation : |
Director |
|
Address : |
# 233, Tea Estate, Race Course, Coimbatore – 641018, Tamilnadu, India |
|
Date of Birth/Age : |
17.12.1948 |
|
Date of Appointment : |
16.11.1994 |
|
DIN No.: |
00003848 |
|
|
|
|
Name : |
Sabitha Chandran |
|
Designation : |
Director |
|
Address : |
245, A.T.D. Street, Race Course, Coimbatore – 641018, Tamilnadu, India
|
|
Date of Birth/Age : |
07.04.1942 |
|
Date of Appointment : |
03.08.2002 |
|
DIN No.: |
00003889 |
|
|
|
|
Name : |
Mr. Sridhar Varadaraj |
|
Designation : |
Director |
|
Address : |
#3 VP Naidu Street, Avanashi Road, Coimbatore – 641018, Tamilnadu, India |
|
Date of Birth/Age : |
24.11.1969 |
|
Date of Appointment : |
18.06.2003 |
|
DIN No.: |
00007603 |
|
|
|
|
Name : |
Shanthi Srinivasan |
|
Designation : |
Director |
|
Address : |
#3 VP Naidu Street, Avanashi Road, Coimbatore – 641018, Tamilnadu, India |
|
Date of Birth/Age : |
27.11.1965 |
|
Date of Appointment : |
04.08.2006 |
|
DIN No.: |
00004146 |
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|
|
|
Name : |
Mr. Rohit Rajendran |
|
Designation : |
Director |
|
Address : |
No. 13, Ward No. 18, Nethaji Road, Coimbatore – 641037, Tamilnadu,
India |
|
Date of Birth/Age : |
04.07.1979 |
|
Date of Appointment : |
02.12.2006 |
|
DIN No.: |
00030631 |
|
|
|
|
Name : |
Rangian Jayabal |
|
Designation : |
Director |
|
Address : |
304, Park View Apartment, 31-A, ATT Colony, Coimbatore – 641018,
Tamilnadu, India |
|
Date of Birth/Age : |
19.11.1953 |
|
Date of Appointment : |
30.11.2009 |
|
DIN No.: |
00003830 |
KEY EXECUTIVES
|
Name : |
Mr. Thangarajan |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.08.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
PTL Textiles Coimbatore Private Limited, India |
23970 |
89.98 |
|
R Jagadish Chandran |
800 |
3.00 |
|
Sabitha Chandran |
800 |
3.00 |
|
KV Srinivasan |
535 |
2.01 |
|
Shanthi Srinivasan |
535 |
2.01 |
|
|
|
|
|
Total |
26640 |
100.00 |
AS ON 24.08.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
89.98 |
|
Directors
or relatives of directors |
10.02 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Cotton Yarn, Cotton Fabrics and Knitted
Fabrics. |
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Products/ Services : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
· Italy Switzerland Spain Taiwan Korea |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Andhra Bank 17 Mill Road, Coimbatore - 641001, Tamilnadu, India · Export-Import Bank of India Centre One Building, Floor 21, World Trade Centre, Cuffe Parade, Mumbai - 400005, Maharashtra, India · Bank of Baroda HDFC Bank Limited Indian Bank Punjab National Bank State Bank of India State Bank of Travancore The Bank of Nova Scotia Union Bank of India HSBC Limited ICICI Bank Limited Indian Overseas Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
M.S. Jagannathan and Visvanathan Chartered Accountants |
|
Address : |
67 A P&T Colony, Kavundampalayam, Coimbatore,
Tamilnadu, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFM3256C |
|
|
|
|
Holding company : |
PTL Textiles Coimbatore Private Limited [U17111TZ1994PTC005512] |
|
|
|
|
Subsidiaries : |
· Glendale Holdings Private Limited [U65993TZ2002PTC010417] Perungudi Wind Farms Private Limited
[U40108TZ2003PTC010753] Bagalur Holdings Private Limited [U70101TZ2002PTC010074] Palladam Holdings Private Limited [U70101TZ2007PTC013414] Bangalore Terrace Holdings Private Limited
[U70100TZ2013PTC019294] |
|
|
|
|
Associates : |
· PGF Holdings (CBE) Private Limited Holiday Travels Private Limited [U63040TZ1978PTC000813] Coimbatore Polytex Private Limited [U17111TZ2003PTC010452] Primero Intimates Private Limited [U74999TZ1981PTC001106] Capricorn General Finance Private Limited Lakshmi Narasimha Textiles Private Limited
[U17111TZ2004PTC011073] Premier Cotton Textiles Premier Evolvics Private Limited [U02520TZ1981PTC001107] Premier SPG & WVG Mills Private Limited
[U17111TZ1945PTC000146] Premier Fine Linens Private Limited
[U17111TZ1995PTC005901] Prima Products Private Limited [U17111TZ1987PTC001972] Sree Narasimha Textiles Private Limited
[U17111TZ1976PTC000755] PTL Textiles Coimbatore Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000 Millions |
|
10,000 |
Preference Shares |
Rs. 10/- each |
Rs. 0.100 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 5.100
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26,640 |
Equity Shares |
Rs. 100/- each |
Rs. 2.664
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 |
2.664 |
2.664 |
2.664 |
|
(b) Reserves & Surplus |
1602.406 |
1615.413 |
1576.127 |
|
(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) |
1605.070 |
1618.077 |
1578.791 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
650.942 |
1333.893 |
1491.912 |
|
(b) Deferred tax liabilities (Net) |
381.211 |
379.663 |
360.283 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
13.915 |
|
(d) long-term
provisions |
6.881 |
6.804 |
6.331 |
|
Total Non-current
Liabilities (3) |
1039.034 |
1720.360 |
1872.441 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
255.178 |
37.308 |
254.033 |
|
(b) Trade
payables |
61.169 |
25.434 |
12.241 |
|
(c)
Other current liabilities |
237.987 |
266.868 |
309.602 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.305 |
|
Total Current
Liabilities (4) |
554.334 |
329.610 |
576.181 |
|
|
|
|
|
|
TOTAL |
3198.438 |
3668.047 |
4027.413 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1747.344 |
1868.558 |
1996.322 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
224.252 |
224.252 |
221.102 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
186.117 |
252.193 |
241.555 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2157.713 |
2345.003 |
2458.979 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
457.067 |
575.407 |
759.809 |
|
(c)
Trade receivables |
55.973 |
115.153 |
102.248 |
|
(d) Cash
and cash equivalents |
309.938 |
355.228 |
346.142 |
|
(e)
Short-term loans and advances |
114.676 |
224.317 |
302.658 |
|
(f)
Other current assets |
103.071 |
52.939 |
57.577 |
|
Total
Current Assets |
1040.725 |
1323.044 |
1568.434 |
|
|
|
|
|
|
TOTAL |
3198.438 |
3668.047 |
4027.413 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2299.314 |
1985.333 |
1839.359 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
676.254 |
434.542 |
659.341 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
89.899 |
142.194 |
137.117 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
586.355 |
292.348 |
522.224 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
207.615 |
215.765 |
213.248 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
378.740 |
76.583 |
308.976 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
159.533 |
37.297 |
88.132 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
219.207 |
39.286 |
220.844 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
1582.377 |
1543.091 |
1322.247 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
21.921 |
0.000 |
0.000 |
|
|
|
Dividend |
199.800 |
0.000 |
0.000 |
|
|
|
Tax on Dividend |
32.413 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
1547.450 |
1582.377 |
1543.091 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings [FOB basis] |
1059.093 |
1094.144 |
1125.844 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
570.969 |
426.690 |
419.676 |
|
|
|
Capital Goods |
86.257 |
51.072 |
47.352 |
|
|
|
Components and Spares |
12.993 |
15.105 |
11.501 |
|
|
TOTAL IMPORTS |
670.219 |
492.867 |
478.529 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8228.49 |
1474.70 |
8289.94 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
16.47 |
3.86 |
16.80 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.73 |
2.22 |
8.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.05 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.56 |
0.85 |
1.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.88 |
4.01 |
2.72 |
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 |
2.664 |
2.664 |
2.664 |
|
Reserves & Surplus |
1576.127 |
1615.413 |
1602.406 |
|
Net
worth |
1578.791 |
1618.077 |
1605.070 |
|
|
|
|
|
|
long-term borrowings |
1491.912 |
1333.893 |
650.942 |
|
Short term borrowings |
254.033 |
37.308 |
255.178 |
|
Total
borrowings |
1745.945 |
1371.201 |
906.120 |
|
Debt/Equity ratio |
1.106 |
0.847 |
0.565 |
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) |
|
Sales |
1839.359 |
1985.333 |
2299.314 |
|
|
|
7.936 |
15.815 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1839.359 |
1985.333 |
2299.314 |
|
Profit |
220.844 |
39.286 |
219.207 |
|
|
12.01% |
1.98% |
9.53% |
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 |
No |
|
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 |
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 |
10348116 |
27/09/2012 * |
400,000,000.00 |
EXPORT-IMPORT
BANK OF INDIA |
CENTRE ONE
BUILDING, FLOOR 21, WORLD TRADE CENTRE, CUFFE PARADE, MUMBAI, MAHARASHTRA -
400005, INDIA |
B59533547 |
|
2 |
10021068 |
06/08/2007 * |
540,000,000.00 |
BANK OF BARODA |
82 BANK ROAD, II
FLOOR, COIMBATORE, TAMILNADU - |
A23676703 |
|
3 |
10009732 |
06/08/2007 * |
262,400,000.00 |
ANDHRA BANK |
17 MILL ROAD,
COIMBATORE, TAMINADU - 641001, INDIA |
A23626591 |
|
4 |
10010301 |
06/08/2007 * |
313,600,000.00 |
ANDHRA BANK |
17 MILL ROAD,
COIMBATORE, TAMINADU - 641001, INDIA |
A23625569 |
|
5 |
80000003 |
06/08/2007 * |
400,000,000.00 |
BANK OF BARODA |
82 BANK ROAD, II
FLOOR, COIMBATORE, TAMILNADU - |
A23676448 |
|
6 |
90001803 |
06/08/2007 * |
400,000,000.00 |
EXPORT IMPORT
BANK OF INDIA |
CENTRE ONE
BUILDING, FLOOR 21, WORLD TRADE CENTRE, CUFFE PARADE, MUMBAI, MAHARASHTRA -
400005, INDIA |
A23464662 |
|
7 |
90001687 |
06/08/2007 * |
75,200,000.00 |
ANDHRA BANK |
17 MILL ROAD, COIMBATORE,
TAMILNADU - 641001, INDIA |
A23625924 |
|
8 |
90001564 |
03/02/2004 |
2,000,000.00 |
EXPORT IMPORT
BANK OF INDIA |
CENTRE ONE
BUILDING FLOOR-21, WORLD TRADE CENTRE, MUMBAI, MAHARASHTRA - 400005,
INDIA |
- |
|
9 |
90001489 |
06/08/2003 |
100,000,000.00 |
EXPORT IMPORT
BANK OF INDIA |
CENTRE ONE
BUILDING FLOOR-21, WORLD TRADE CENTRE, MUMBAI, MAHARASHTRA - 400005,
INDIA |
- |
|
10 |
90001304 |
06/08/2007 * |
60,000,000.00 |
PUNJAB NATIONAL
BANK |
OPPANAKKARA STREET,
COIMBATORE, TAMIL NADU - 641001, INDIA |
A23679517 |
|
11 |
90001159 |
06/08/2007 * |
210,000,000.00 |
ANDHRA BANK |
17 MILL ROAD,
COIMBATORE, TAMIL NADU - 641001, INDIA |
A23624281 |
|
12 |
90001155 |
27/09/2012 * |
170,000,000.00 |
THE BANK OF NOVA
SCOTIA |
CLASSIC TOWERS,
1547, TRICHY ROAD, COIMBATORE, TAMILNADU - 641018, INDIA |
B59897306 |
|
13 |
90001139 |
04/12/2000 |
46,400,000.00 |
THE BANK OF NOVA
SCOTIA |
CLASSIC TOWERS
1547, TRICHY ROAD, COIMBATORE, TAMILNADU - 641001, INDIA |
- |
|
14 |
80000002 |
06/08/2007 * |
170,000,000.00 |
BANK OF BARODA |
82 BANK ROAD, II
FLOOR, COIMBATORE, TAMILNADU - |
A23676067 |
|
15 |
80019543 |
06/08/2007 * |
170,000,000.00 |
PUNJAB NATIONAL
BANK |
OPPANAKKARA STREET,
COIMBATORE, TAMIL NADU - 641001, INDIA |
A23679053 |
|
16 |
90000935 |
18/02/2014 * |
269,900,000.00 |
ANDHRA BANK |
17 MILL ROAD,
COIMBATORE, TAMILNADU - 641001, INDIA |
B98483209 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from others |
0.080 |
0.080 |
|
|
|
|
|
Total |
0.080 |
0.080 |
FIXED ASSETS:
· Land
Buildings
Office
building
Factory
building
Plant
and equipment
Factory
equipments
Other
plant and equipment
Furniture
and fixtures
Vehicles
Motor
vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.02 |
|
|
1 |
Rs. 102.69 |
|
Euro |
1 |
Rs. 81.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
66 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & 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.