1. Summary Information
|
|
|
Country |
|
|
Company Name |
COCHIN SHIPYARD
LIMITED |
Principal Name 1 |
Mr. Subramaniam Kartik |
|
Status |
Good |
Principal Name 2 |
Mr. Ravi Kumar Roddam |
|
|
|
Registration # |
09-002414 |
|
Street Address |
Administrative
Building, 39/6080 Cochin Shipyard Premises, Perumanoor M. G. Road, Ernakulam
- 682015, Kerala |
||
|
Established Date |
29.03.1972 |
SIC Code |
-- |
|
Telephone# |
91-484-2361181 |
Business Style 1 |
Shipbuilding |
|
Fax # |
91-484-2370897 |
Business Style 2 |
Repair of Ships/Offshore Structures |
|
Homepage |
Product Name 1 |
Ships-Building of Ships |
|
|
# of employees |
Information
denied by the management |
Product Name 2 |
Shiprepair |
|
Paid up capital |
Rs.1132,800,000/- |
Product Name 3 |
-- |
|
Shareholders |
Not Available |
Banking |
State Bank of Travancore |
|
Public Limited Corp. |
NO |
Business Period |
42 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
A
(70) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
16,397,292,000 |
Current Liabilities |
10,051,390,000 |
|
Inventories |
3568,587,000 |
Long-term Liabilities |
0,0000 |
|
Fixed Assets |
2,473,055,000 |
Other Liabilities |
2,017,248,000 |
|
Deferred Assets |
4,726,000 |
Total Liabilities |
12,068,638,000 |
|
Invest& other Assets |
1,382,002,000 |
Retained Earnings |
10,624,224,000 |
|
|
|
Net Worth |
11,757,024,000 |
|
Total Assets |
23,825,662,000 |
Total Liab. & Equity |
23,825,662,000 |
|
Total Assets (Previous Year) |
26,023,839,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
15,541,600,000 |
Net Profit |
1,852,700,000 |
|
Sales(Previous yr) |
14,048,515,000 |
Net Profit(Prev.yr) |
1,723,269,000 |
MIRA
INFORM REPORT
|
Report Date : |
01.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
COCHIN SHIPYARD LIMITED |
|
|
|
|
Registered
Office : |
Administrative Building, 39/6080 Cochin Shipyard Premises, Perumanoor
M. G. Road, Ernakulam - 682015, Kerala |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
29.03.1972 |
|
|
|
|
Com. Reg. No.: |
09-002414 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1132.800
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63032KL1972GOI002414 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHNC00784A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Shipbuilding and Repair of Ships/Offshore
Structures. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (70) |
|
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 47028000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by
strong liquidity positon and decent profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal 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 |
CARE |
|
Rating |
Long term bond issue – I: AA+ |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
24.03.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DECLINED
MANAGEMENT NON – COOPERATIVE (91-484-2501473)
LOCATIONS
|
Registered Office : |
Administrative Building, 39/6080 Cochin Shipyard Premises, Perumanoor
M. G. Road, Ernakulam - 682015, Kerala, India |
|
Tel. No.: |
91-484-2361181 |
|
Fax No.: |
91-484-2370897 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Subramaniam Kartik |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
77, Shankara Park, Bangalore-560004, Karnataka, India |
|
Date of Birth/Age : |
13.12.1955 |
|
Date of Appointment : |
04.06.2007 |
|
Din No.: |
01957227 |
|
|
|
|
Name : |
Mr. Ravi Kumar Roddam |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No. 201, Chitrakut Apartments, 1st CRS, 9th
MN KG Colony, GM Palya, Bangalore-560075, Karnataka, India |
|
Date of Birth/Age : |
12.04.1954 |
|
Date of Appointment : |
19.04.2010 |
|
Din No.: |
03086926 |
|
|
|
|
Name : |
Vinayakumar Kartha Prabhakara |
|
Designation : |
Whole Time Director |
|
Address : |
28/2454, (51/2180), Divyasree, Elenjeril Road, Kadavanthra,
Ernkulam-682020, Kerala, India |
|
Date of Birth/Age : |
22.05.1954 |
|
Date of Appointment : |
01.09.2011 |
|
Din No.: |
03606231 |
|
|
|
|
Name : |
Mr. Shyamsundar Ram Sharma |
|
Designation : |
Whole Time Director |
|
Address : |
# 302, Angre House, MDL Officers, Residential Complex, Dockyard Road,
Mazagon, Mumbai-400010, Maharashtra, India |
|
Date of Birth/Age : |
28.10.1957 |
|
Date of Appointment : |
21.11.2011 |
|
Din No.: |
05115372 |
|
|
|
|
Name : |
Mr. Gopal Chandrasekhar Gopala Pillai |
|
Designation : |
Director |
|
Address : |
S-1, Fact Township, Udyoganandal, Cochin-683501, Kerala, India |
|
Date of Birth/Age : |
01.03.1949 |
|
Date of Appointment : |
27.11.2012 |
|
Din No.: |
00083936 |
|
|
|
|
Name : |
Dr. Seetharaman Mohan |
|
Designation : |
Director |
|
Address : |
36, BPC Tower, 1-A, Altaount Road, Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
02.10.1951 |
|
Date of Appointment : |
27.11.2012 |
|
Din No.: |
02187956 |
|
|
|
|
Name : |
Mr. Raghuram Nookala |
|
Designation : |
Director |
|
Address : |
14/8, Police Line Street, Halayatham, Gudiyatham, Vellore-632602,
Tamilnadu, India |
|
Date of Birth/Age : |
27.12.1964 |
|
Date of Appointment : |
27.11.2012 |
|
Din No.: |
03540241 |
|
|
|
|
Name : |
Jauhari Chandra Munish |
|
Designation : |
Director |
|
Address : |
Room No. 406, Indian Ports, Association Guest House, New Delhi-110003,
India |
|
Date of Birth/Age : |
02.08.1962 |
|
Date of Appointment : |
31.01.2012 |
|
Din No.: |
05216913 |
|
|
|
|
Name : |
Lakshmi Narasimhan Vijayaraghavan |
|
Designation : |
Director |
|
Address : |
986, TVS Colony, Anna Nagar (West) Extension, Chennai-600101,
Tamilnadu, India |
|
Date of Birth/Age : |
26.09.1947 |
|
Date of Appointment : |
16.09.2011 |
|
Din No.: |
00752117 |
|
|
|
|
Name : |
Mr. Raman Mahalingam |
|
Designation : |
Director |
|
Address : |
3/686, Sriram Layout, Kuam Road, Chuvery Nagar, Ttivakkam, Chennai-600041,
Tamilnadu, India |
|
Date of Birth/Age : |
16.04.1951 |
|
Date of Appointment : |
25.01.2012 |
|
Din No.: |
01226770 |
|
|
|
|
Name : |
Mr. Sekharipuram Krishnan Kalyana Krishnan |
|
Designation : |
Director |
|
Address : |
15, Currie House, Mazagoock Officers, Residential Complex, Dockyard
Road, Mumbai-400010, Maharashtra, India |
|
Date of Birth/Age : |
26.07.1948 |
|
Date of Appointment : |
25.01.2012 |
|
Din No.: |
00340235 |
|
|
|
|
Name : |
George Elias |
|
Designation : |
Director |
|
Address : |
Kerala House, Janthar Mantar Road, New Delhi-110001, India |
|
Date of Birth/Age : |
06.10.1956 |
|
Date of Appointment : |
27.11.2012 |
|
Din No.: |
00204510 |
KEY EXECUTIVES
|
Name : |
Kala Chandrasekhar |
|
Designation : |
Secretary |
|
Address : |
706 F, Vrindavan Apartments, Vyttila Kochi, Ernakulam-682019, Kerala,
India |
|
Date of Birth/Age : |
28.05.1968 |
|
Date of Appointment : |
02.05.1998 |
|
Pan No.: |
ABXPV8696F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
President of India |
|
113279700 |
|
Subramaniam Kartik |
|
100 |
|
Ravi Kumar Roddam |
|
100 |
|
M C Jauhari |
|
100 |
|
TOTAL
|
|
113280000 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
0.01 |
|
Government
[Central and State] |
|
99.99 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Shipbuilding and Repair of Ships/Offshore
Structures. |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
|
|
|
|
Bankers : |
· State Bank of Travancore · State Bank of India · Syndicate Bank ·
Union Bank of India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Menon and Ayyar Chartered Accountants |
|
Address : |
57/1059, Iyyattil Lane, Iyyattil Junction, Chitoor Road,
Ernakulam-682011, Kerala, India |
|
PAN No: |
AADFM9381K |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
130000000 |
Equity Shares |
Rs.10/- each |
Rs.1300.000 Millions |
|
1200000 |
Preferences Shares |
Rs.1000/- each |
Rs.1200.000 Millions |
|
|
TOTAL
|
|
Rs.2500.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
113280000 |
Equity Shares |
Rs.10/- each
|
Rs.1132.800
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
1132.800 |
|
(b) Reserves & Surplus |
|
|
10624.224 |
|
(c) Money received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
11757.024 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long
term liabilities |
|
|
25.181 |
|
(d) Long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
25.181 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
|
0.000 |
|
(b)
Trade payables |
|
|
2549.777 |
|
(c)
Other current liabilities |
|
|
7476.432 |
|
(d) Short-term
provisions |
|
|
2017.248 |
|
Total Current
Liabilities (4) |
|
|
12043.457 |
|
|
|
|
|
|
TOTAL |
|
|
23825.662 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
2471.795 |
|
(ii)
Intangible Assets |
|
|
1.260 |
|
(iii)
Capital work-in-progress |
|
|
1380.084 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
1.918 |
|
(c) Deferred tax assets (net) |
|
|
4.726 |
|
(d) Long-term Loan and Advances |
|
|
22.432 |
|
(e) Other
Non-current assets |
|
|
664.692 |
|
Total Non-Current
Assets |
|
|
4546.907 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
3568.587 |
|
(c)
Trade receivables |
|
|
6802.307 |
|
(d) Cash
and cash equivalents |
|
|
7039.649 |
|
(e)
Short-term loans and advances |
|
|
633.895 |
|
(f)
Other current assets |
|
|
1234.317 |
|
Total
Current Assets |
|
|
19278.755 |
|
|
|
|
|
|
TOTAL |
|
|
23825.662 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
1524.220 |
1924.220 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
8984.105 |
7753.757 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
10508.325 |
9677.977 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
|
10508.325 |
9677.977 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1926.094 |
1906.748 |
|
|
Capital work-in-progress |
|
636.179 |
371.700 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
1.918 |
1.918 |
|
|
DEFERREX TAX ASSETS |
|
97.157 |
231.247 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
3625.366 |
2347.588 |
|
|
Sundry Debtors |
|
7799.210 |
11026.053 |
|
|
Cash & Bank Balances |
|
9088.960 |
6902.509 |
|
|
Other Non-Current Assets |
|
574.599 |
812.513 |
|
|
Other Current Assets |
|
796.562 |
1165.715 |
|
|
Loans & Advances |
|
1477.794 |
799.927 |
|
Total
Current Assets |
|
23362.491 |
23054.305 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
3906.286 |
2280.006 |
|
|
Other Current Liabilities |
|
9753.205 |
10792.593 |
|
|
Provisions |
|
1856.023 |
2815.342 |
|
Total
Current Liabilities |
|
15515.514 |
15887.941 |
|
|
Net Current Assets |
|
7846.977 |
7166.364 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
10508.325 |
9677.977 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
15541.600 |
14048.515 |
14617.153 |
|
|
|
Other Income |
881.700 |
766.933 |
1274.588 |
|
|
|
TOTAL (A) |
16423.300 |
14815.448 |
15891.741 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
6719.258 |
7159.008 |
|
|
|
Changes in Inventories of Work-in-progress |
|
169.999 |
(136.279) |
|
|
|
Sub Contract and Other Direct Expenses |
13244.400 |
2160.703 |
1937.399 |
|
|
|
Employee Benefits Expense |
|
1661.122 |
1664.962 |
|
|
|
Other Expenses |
|
1201.130 |
1266.580 |
|
|
|
Provision for Anticipated Losses and Expenditure |
|
61.607 |
99.596 |
|
|
|
Expenses Allocated to Capital Works |
|
0.000 |
(2.191) |
|
|
|
TOTAL (B) |
13244.400 |
11973.819 |
11989.075 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2178.900 |
2841.629 |
3902.666 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
231.300 |
131.209 |
289.809 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2947.600 |
2710.420 |
3612.857 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
192.100 |
180.727 |
170.560 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2755.500 |
2529.693 |
3442.297 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
902.800 |
806.424 |
1167.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1852.700 |
1723.269 |
2275.277 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Income from shipbuilding |
6125.155 |
6771.997 |
9016.535 |
|
|
TOTAL EARNINGS |
6125.155 |
6771.997 |
9016.535 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
3726.145 |
3894.284 |
3829.323 |
|
|
|
Stores & Spares |
1706.870 |
655.290 |
547.698 |
|
|
|
Capital Goods |
4.386 |
260.306 |
205.763 |
|
|
TOTAL IMPORTS |
5437.401 |
4809.880 |
4582.784 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.35 |
15.21 |
20.09 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
11.28
|
11.63 |
14.32 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
17.73
|
18.01 |
23.55 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.27
|
10.00 |
13.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.24 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
1.48 |
1.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60
|
1.51 |
1.45 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
14617.153 |
14048.515 |
15541.600 |
|
|
|
(3.890) |
10.628 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
14617.153 |
14048.515 |
15541.600 |
|
Profit |
2275.277 |
1723.269 |
1852.700 |
|
|
15.57% |
12.27% |
11.92% |
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 |
No |
|
10] |
Designation of contact person |
No |
|
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 |
No |
|
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 |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
LITIGATION
DETAILS:
|
KERALA HIGH COURT CASE STATUS INFORMATION SYSTEM
CASE UPDATED ON: TUESDAY, JUNE 24, 2014 |
||||||||||||||||||||||||||||||
FINANCIAL
PERFORMANCE:
The Performance of
Cochin Shipyard Limited continued to be good during the year 2012-13. The
turnover for the year was at Rs.15541.600 crores as compared to Rs.14048.500
Millions in the year 2011-12. The net profit was Rs.1852.700 Millions as
compared to Rs.1723.300 Millions for the previous year. This performance is
creditable considering the economic recessionary conditions and the downturn in
the shipping and ship building sector.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10507574 |
20/06/2014 |
230,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA,, MUMBAI, MAHARASHTRA - 400005, INDIA |
C10025088 |
|
2 |
10487324 |
26/02/2014 |
1,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
C00710152 |
|
3 |
10247966 |
17/09/2010 |
526,834,250.00 |
UNION BANK OF INDIA |
OVERSEAS BRANCH, M.G.ROAD, ERNAKULAM, KOCHI, KERALA - 682035, INDIA |
A97361109 |
|
4 |
90020430 |
03/07/2014 * |
5,500,000,000.00 |
STATE BANK OF INDIA |
COCHIN SHIPYARD, PERUMANOOR, M.G ROAD, COCHIN, KERALA - 682015, INDIA |
C09511833 |
* Date of charge modification
FIXED ASSETS:
· Land (Freehold)
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Docks and Quays
· Railway sidings
· Electrical Installation
· Drainage and water supply
· Vessels
· Books
· Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other official
proceeding for making any prohibited payments or other improper payments to
government officials for engaging in prohibited transactions or with designated
parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.47 |
|
|
1 |
Rs.100.35 |
|
Euro |
1 |
Rs.79.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
70 |
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.