1. Summary Information
|
|
|
Country |
|
|
Company Name |
PON PURE CHEM
PRIVATE LIMITED |
Principal Name 1 |
Mr. Ponnuswami Muthuswamy |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Manaoranjitham Nallayagounder Kaliannan |
|
|
|
Registration # |
18-040872 |
|
Street Address |
No. 77, Perambur High Road, Perambur, Chennai – 600012, Tamilnadu,
India |
||
|
Established Date |
24.07.1998 |
SIC Code |
-- |
|
Telephone# |
91-44-26161812 |
Business Style 1 |
Trading |
|
Fax # |
91-44-26161813 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Chemicals |
|
|
# of employees |
Not Divulged |
Product Name 2 |
-- |
|
Paid up capital |
Rs.78,800,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors 100.00% |
Banking |
Standard
Chartered Bank |
|
Public Limited Corp. |
No |
Business Period |
16 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary
|
Dubai |
Pon Pure Chemm (FZE) |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
2,850,472,000 |
Current Liabilities |
2,129,358,000 |
|
Inventories |
1,062,563,000 |
Long-term Liabilities |
1,617,948,000 |
|
Fixed Assets |
518,390,000 |
Other Liabilities |
8,823,000 |
|
Deferred Assets |
49,492,000 |
Total Liabilities |
3,756,129,000 |
|
Invest& other Assets |
97,529,000 |
Retained Earnings |
743,517,000 |
|
|
|
Net Worth |
822,317,000 |
|
Total Assets |
4,578,446,000 |
Total Liab. & Equity |
4,578,446,000 |
|
Total Assets (Previous Year) |
4,530,352,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
13,959,450,000 |
Net Profit |
NA |
|
Sales(Previous yr) |
14,609,000,000 |
Net Profit(Prev.yr) |
NA |
MIRA
INFORM REPORT
|
Report Date : |
16.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
PON PURE CHEM PRIVATE LIMITED (w.e.f. 26.06.2008) |
|
|
|
|
Formerly Known
As : |
PURE CHEMICALS AND SOLVENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 77, Perambur High Road, Perambur, Chennai – 600012, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
24.07.1998 |
|
|
|
|
Com. Reg. No.: |
18-040872 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.78.800 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24111TN1998PTC040872 |
|
|
|
|
TIN No.: |
33241061285 |
|
|
|
|
CST No.: |
774396 / 19.09.2001 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCP3026E |
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Chemicals. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3289000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There seems slight dip in the sales of the company in the year 2012 –
2013. However, trade relations are fair. Business is active. Payment terms
are reported to be usually correct. The company can be considered normal for business dealings at usual
trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
ICRA |
|
Rating |
Long term fund based facilities BBB- |
|
Rating Explanation |
Moderate degree of safety and carry moderate
credit risk |
|
Date |
May 14, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term non fund based facilities A3 |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk |
|
Date |
May 14, 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED BY
|
Name : |
Ms. Maithili |
|
Designation : |
Office Executive |
|
Contact No.: |
91-44-26161803 |
|
Date : |
08.08.2014 |
LOCATIONS
|
Registered Office : |
No.77, |
|
Tel. No.: |
91-44-26161812 |
|
Fax No.: |
91-44-26161813 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
No. 32, H Block, 15th |
|
Tel. No.: |
91-44-26161803 / 26161811 (9 lines) |
|
Fax No.: |
91-44-26161813 /14 |
|
E-Mail : |
|
|
|
|
|
Branch : |
129, Creative Industrial Estate, Road No. 2,Sunder Nagar, Kalina,
Santacruz (East), Mumbai – 400098, Maharashtra, India |
|
Tel. No.: |
91-22-61132500 |
|
|
|
|
Branch Office : |
No. 391, 391 and 393 Sector IV, Kasez, Kutch, District Gujarat, India |
|
|
|
|
Branch Office : |
Also Located at: ·
Chandigarh ·
Delhi ·
Kandla ·
Ahmedabad ·
Nagpur ·
Mumbai ·
Pune ·
Hyderabad ·
Bangalore ·
Kochi ·
Tamilnadu ·
Vizag ·
Kolkata |
|
|
|
|
Overseas Office : |
Located at: · Australia · Singapore · Sri Lanka · Dubai · Kenya |
DIRECTORS
As on: 12.07.2013
|
Name : |
Mr. Ponnuswami Muthuswamy |
|
Designation : |
Managing Director |
|
Address : |
AA23, 3rd Street, Anna Nagar, Chennai-600040, Tamilnadu,
India |
|
Date of Birth/Age : |
02.03.1953 |
|
Qualification : |
B.Sc. |
|
Date of Appointment : |
24.07.1998 |
|
DIN No.: |
00015847 |
|
|
|
|
Name : |
Mr. Manaoranjitham Nallayagounder Kaliannan |
|
Designation : |
Director |
|
Address : |
AA23, 3rd Street, Anna Nagar, Chennai-600040, Tamilnadu,
India |
|
Date of Birth/Age : |
15.06.1961 |
|
Date of Appointment : |
24.07.1998 |
|
DIN No.: |
00016775 |
|
|
|
|
Name : |
Mr. Surya Prakas Muthuswamy Ponnuswami |
|
Designation : |
Whole Time Director |
|
Address : |
AA23, 3rd Street, Anna Nagar, Chennai-600040, Tamilnadu,
India |
|
Date of Birth/Age : |
21.12.1980 |
|
Date of Appointment : |
30.07.2008 |
|
PAN No.: |
AAMPS7679E |
|
DIN No.: |
00017891 |
|
|
|
|
Name : |
Mr. Lakshmipathy Muthuswamy Ponnuswami |
|
Designation : |
Whole Time Director |
|
Address : |
AA23, 3rd Street, Anna Nagar, Chennai-600040, Tamilnadu,
India |
|
Date of Birth/Age : |
25.09.1982 |
|
Date of Appointment : |
30.07.2008 |
|
PAN No.: |
AAACL8212B |
|
DIN No.: |
00021951 |
KEY EXECUTIVES
|
Name : |
Mr. Khusboo Singhvi |
|
Designation : |
Secretary |
|
Address : |
Old No. 30, New No. 6, Govindappa Naicken Street, 3rd
Floor, Girnar Apartments, Chennai - 600001, Tamilnadu, India |
|
Date of Birth/Age : |
24.09.1985 |
|
Date of Appointment : |
01.06.2010 |
|
PAN No.: |
CMRPS2646R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 12.07.2013
|
Names of Shareholders |
No. of Shares |
|
M. Ponnuswami |
664413 |
|
Manaoranjitham |
45075 |
|
M.P. Suryaprakas |
16700 |
|
M.P. Lakshmipathy |
16700 |
|
M.P. Ponnuswami HUF |
45110 |
|
S. Nithyasree |
2 |
|
|
|
|
Total |
788000 |
As on: 12.07.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Chemicals. |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
Standard Chartered Bank, 19, Rajaji Salai,
Chennai-600001, Tamilnadu, India ·
IDBI Bank Limited, 115, Anna Salai, Chennai-
600015, Tamilnadu,
India ·
Axis Bank Limited, Corporate Banking Branch,
Ground Floor, Karumuthu Nilayam, No.192, Anna Salai, Chennai-600002,
Tamilnadu, India ·
The Karnataka Bank Limited, Kodambakkam Branch,
Kodambakkam, Chennai - 600024, Tamilnadu, India ·
ICICI Bank Limited, Land Mark Race Cource Circle,
Alkapuri, Baroda - 390015, Gujarat, India ·
Bank of Baroda, International Business Branch,
Justice Basheer Ahmed Building,45 Moore Street, Chennai - 600001, Tamil Nadu,
India ·
State Bank of India, Overseas Branch,
No.86.Rajaji Salai, Chennai - 600001, Tamilnadu, India ·
Ing Vysya Bank Limited, 185 Anna Salai, Near TVS,
Chennai - 600006, Tamilnadu, India ·
UTI Bank Limited, No. 82, Dr. Radhakrishnan
Salai, Mylapore, Chennai – 600004, Tamilnadu, India ·
Punjab National Bank |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
NOTE: (A) From Managing Director (B) (a) Term Loan from Punjab National Bank which is secured by i) first charge on the immovable properties located at Ahmedabad and Hyderabad ii) Personal guarantees of all the Directors. iii) Repayable in 35 monthly equal installments of Rs.1.167 millions each. (b) Term Loan from IDBI Bank Limited which is secured by i) first charge on the Building located at Mumbai and Windmill located at Rasipalayam ii) Personal guarantees of all the Directors. iii) Repayable in 30 monthly equal installments of Rs. 0.667 millions each. (c) Car Hire Purchase loan from HDFC Bank Limited, Axis Bank Limited and Kotak Mahindra Prime Limited are secured by way of charge on the Vehicles, repayable in EMI terms till May-2015 (d) Period and amount of continuing default - NIL (C) (a) Term Loan from Punjab National Bank which is secured by i) first charge on the immovable properties located at Ahmedabad and Hyderabad ii) Personal guarantees of all the Directors. iii) Repayable in 35 monthly equal installments of Rs.1.167 millions each. (b) Term Loan from IDBI Bank Limited which is secured by i) first charge on the Building located at Mumbai and Windmill located at Rasipalayam ii) Personal guarantees of all the Directors. iii) Repayable in 30 monthly equal installments of Rs. 0.667 millions each. (c) Car Hire Purchase loan from HDFC Bank Limited, Axis Bank Limited and Kotak Mahindra Prime Limited are secured by way of charge on the Vehicles, repayable in EMI terms till May-2015 (d) Period and amount of continuing default - NIL |
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution : |
3 Infotech Trusteeship Services Limited, 3rd to 6th
Floor, International Infotech Park, Tower No. 5, Vashi Railway Station
Complex, Vashi, Navi Mumbai – 400703, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Suri and Company Chartered Accountant |
|
Address : |
No.4 (Old No.55 A), |
|
PAN No. : |
AABFS5023Q |
|
|
|
|
Subsidiary
Companies : |
·
Pon Pure Chemm (FZE), Dubai ·
Pon Pure Chemical Lanka Private Limited, Srilanka ·
Pure Chemicals Pte Limited, Singapore ·
Pure Chemicals Pty Limited, Australia |
|
|
|
|
Enterprises in
which Key Management Personnel and their Relatives have significant influence
: |
·
Color Chemicals ·
Color Chemicals and Dyes Private Limited ·
Manchester Textiles (Private) Limited ·
Pure Chemicals Company ·
Pure Organic Industries ·
Pon Pure Logistics Private Limited ·
Muthusamy Chemical Agency |
CAPITAL STRUCTURE
After 12.07.2013
Authorised Capital : Rs. 90.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 85.405
Millions
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900000 |
Equity Shares |
Rs.100/- each |
Rs.90.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
788000 |
Equity Shares |
Rs.100/- each |
Rs.78.800 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 |
|
78.800 |
66.752 |
|
(b) Reserves & Surplus |
|
743.517 |
630.616 |
|
(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) |
|
822.317 |
697.368 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
62.590 |
70.750 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
62.590 |
70.750 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
1555.358 |
2762.987 |
|
(b) Trade payables |
|
2036.946 |
904.730 |
|
(c) Other current
liabilities |
|
92.412 |
86.886 |
|
(d) Short-term provisions |
|
8.823 |
7.631 |
|
Total Current Liabilities (4) |
|
3693.539 |
3762.234 |
|
|
|
|
|
|
TOTAL |
|
4578.446 |
4530.352 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
515.361 |
481.686 |
|
(ii) Intangible Assets |
|
3.029 |
3.167 |
|
(iii) Capital
work-in-progress |
|
23.329 |
11.629 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
74.200 |
63.234 |
|
(c) Deferred tax assets (net) |
|
49.492 |
49.157 |
|
(d) Long-term Loan and Advances |
|
16.630 |
16.096 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
682.041 |
624.969 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1062.563 |
1032.404 |
|
(c) Trade receivables |
|
2412.389 |
2527.140 |
|
(d) Cash and cash
equivalents |
|
276.606 |
237.908 |
|
(e) Short-term loans
and advances |
|
71.981 |
59.714 |
|
(f) Other current
assets |
|
72.866 |
48.217 |
|
Total Current Assets |
|
3896.405 |
3905.383 |
|
|
|
|
|
|
TOTAL |
|
4578.446 |
4530.352 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
36.752 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
773.521 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
810.273 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2093.816 |
|
|
2] Unsecured Loans |
|
|
21.400 |
|
|
TOTAL BORROWING |
|
|
2115.216 |
|
|
DEFERRED TAX LIABILITIES |
|
|
13.274 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2938.763 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
474.848 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
22.680 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1227.447
|
|
|
Sundry Debtors |
|
|
2183.213
|
|
|
Cash & Bank Balances |
|
|
208.926
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
96.754
|
|
Total
Current Assets |
|
|
3716.340
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1261.661
|
|
|
Other Current Liabilities |
|
|
9.142
|
|
|
Provisions |
|
|
4.302
|
|
Total
Current Liabilities |
|
|
1275.105
|
|
|
Net Current Assets |
|
|
2441.235
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2938.763 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.212 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
TURNOVER |
13959.450 |
14609.000 |
10338.060 |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
NA |
NA |
|
|
|
|
TOTAL |
|
|
|
|
|
|
|
|
NA |
|
|
|
PROFIT BEFORE
TAX |
8.960 |
NA |
|
|
|
|
|
|
|
|
|
|
|
TAX |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
NA |
NA |
224.153 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
466.494 |
861.725 |
592.334 |
|
|
TOTAL EARNINGS |
466.494 |
861.725 |
592.334 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Trading Goods |
769.735 |
8821.084 |
6713.516 |
|
|
TOTAL IMPORTS |
769.735 |
8821.084 |
6713.516 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.00 |
(257.00) |
610.00 |
|
|
Particulars |
|
|
31.03.2014 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
15000.000 |
|
|
|
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
0.06
|
NA
|
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.20
|
NA
|
NA
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
NA
|
NA
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.97
|
4.06 |
2.61
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05
|
1.04 |
2.91
|
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 |
66.752 |
78.800 |
|
Reserves & Surplus |
630.616 |
743.517 |
|
Net
worth |
697.368 |
822.317 |
|
|
|
|
|
long-term borrowings |
70.750 |
62.590 |
|
Short term borrowings |
2762.987 |
1555.358 |
|
Total
borrowings |
2833.737 |
1617.948 |
|
Debt/Equity
ratio |
4.063 |
1.968 |
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 Turnover |
10338.060 |
14609.000 |
13959.450 |
|
|
|
41.313 |
(4.446) |
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
four years |
Yes |
|
12] |
Profitability for last
one years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---------------------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
----------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN:
|
Particulars |
31.03.2013 [Rs.
in Millions] |
31.03.2012 [Rs.
in Millions] |
|
Long Term
Borrowing |
|
|
|
Loans and advances from related parties |
0.843 |
11.400 |
|
|
|
|
|
Total |
0.843 |
11.400 |
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10279539 |
04/08/2011 * |
40,000,000.00 |
IDBI Bank Limited |
115, Anna Salai, Chennai, Tamil Nadu - 600015, INDIA |
B18802074 |
|
2 |
10261467 |
29/12/2010 |
70,000,000.00 |
PUNJAB NATIONAL BANK |
4/2, FIRST FLOOR, NOLAMBUR MAIN ROAD, WEST MOGAP PAIR, CHENNAI, Tamil
Nadu 600037, INDIA |
B03845286 |
|
3 |
10235346 |
20/08/2010 |
450,000,000.00 |
IDBI Bank Limited |
IDBI Towerwtc Complex, Cuffe Parade, Mumbai, Maharashtra -
400005,India |
A92988864 |
|
4 |
10199776 |
25/01/2010 * |
130,000,000.00 |
Punjab National Bank |
T. Nagar Branch, No.10. Raja Street, Chennai, Tamil Nadu - 600017,
INDIA |
A81468803 |
|
5 |
10193612 |
15/12/2011 * |
420,000,000.00 |
ING VYSYA BANK LIMITED |
185,ANNA SALAI, NEAR TVS, CHENNAI, Tamil Nadu - 600006, INDIA |
B30890164 |
|
6 |
10159095 |
22/08/2011 * |
850,000,000.00 |
Standard Chartered Bank |
19, Rajaji Salai, Chennai, Tamil Nadu - 600001, INDIA |
B19324540 |
|
7 |
10149738 |
28/09/2012 * |
120,000,000.00 |
KARNATAKA BANK LTD |
KODAMBAKKAM BRANCH, KODAMBAKKAM, CHENNAI Tamil Nadu - 600024, INDIA |
B61770111 |
|
8 |
10137237 |
27/01/2012 * |
350,000,000.00 |
Bank of Baroda |
International Business Branch, Justice Basheer Ahmed Building, 45
Moore Street, Chennai, Tamil Nadu |
B32873432 |
|
9 |
10128909 |
07/02/2012 * |
550,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B33822446 |
|
10 |
10126361 |
22/04/2013 * |
1,620,000,000.00 |
State Bank of India |
Overseas Branch, No.86.Rajaji Salai, Chennai, Tamil Nadu - 600001,
INDIA |
B77301760 |
|
11 |
80028476 |
09/02/2012 * |
650,000,000.00 |
Axis Bank Limited |
Corporate Banking Branch, Ground Floor, Karumuthu |
B73936460 |
* Date of charge modification
FIXED ASSETS
œ
Land
œ
Building
œ
Plant and Machinery
œ
Furniture and Fixtures
œ
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.61.06 |
|
|
1 |
Rs.101.84 |
|
Euro |
1 |
Rs.81.56 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
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 |
|
46 |
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.