MIRA INFORM REPORT
|
Report Date : |
03.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
IDMC LIMITED (w.e.f. 26.01.2007) |
|
|
|
|
Formerly Known
As : |
INDIAN DAIRY
MACHINERY COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 124-128,
GIDC Estate, Vithal Udyognagar, District Anand - 388121, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
14.09.1992 |
|
|
|
|
Com. Reg. No.: |
04-018283 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 121.450 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299GJ1992PLC018283 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDI00332D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI4631E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
Equipment for Application in Dairy, Pharma, Beverage, Brewery and Thermal
Management, Cattle feed as well as packaging Industries. |
|
|
|
|
No. of Employees
: |
650 (Payroll) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of “National Dairy Development
Board”. It is a well-established and reputed company having fine track record. Financial position of the company seems to be sound and healthy. Trade relations are fair. Business is active. Payments terms are
reported to be regular and as per commitment. In view of strong holdings 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.
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: A |
|
Rating Explanation |
Adequate degree of safety. It carry low
credit risk. |
|
Date |
10.09.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A1 |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
10.09.2013 |
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. Rajesh |
|
Designation : |
Export head |
|
Contact No.: |
91-2692-225195 |
|
Date : |
01.12.2014 |
LOCATIONS
|
Registered
Office / Corporate office / Factory 1: |
Plot No. 124-128,
GIDC Estate, Vithal Udyognagar, District Anand - 388121, |
|
Tel. No.: |
91-2692-236375 / 229917 / 229918 / 229921 / 229922 / 229923 / 223675 /
225151 |
|
Fax No.: |
91-2692-236580 /
236164 / 234397 / 234397 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
|
|
|
Factory 2 : |
(Machine Shop) Plot
No. 606-608, GIDC Estate, Vithal Udyog Nagar, Anand, |
|
Location: |
Owned |
|
|
|
|
Factory 3 : |
(BMC Unit) Plot No. 443-B , GIDC Estate, Vithal Udyog
Nagar, Anand, |
|
Location: |
Owned |
|
|
|
|
Factory 4 : |
(Optifilm Division) Plot No. 94-97, GIDC Estate, Vithal
Udyog Nagar, Anand, |
|
Fax No.: |
91-2692-233029 |
|
Location: |
Owned |
|
|
|
|
Factory 5 : |
Plot No. C-1/11-12, GIDC Estate, Vithal Udyog Nagar, Anand, |
|
Location: |
Owned |
|
|
|
|
Regional Offices : |
Western Express Highway, Near Mahananda, Dairy, Goregaon (East),
Mumbai – 400063, Maharashtra, India Tel. No.: 91-22-26856256 /
23591884 Fax No.:91-22-26856122 Located At:
|
DIRECTORS
As on 09.09.2014
|
Name : |
Dr. Amrita Hirubhai Patel |
|
Designation : |
Chairman |
|
Address : |
Savita” Bungalow,
Vallabh Vidhyanagar, Anand – 388 120, |
|
Date of Birth/Age : |
13.11.1943 |
|
Date of Appointment : |
12.10.1992 |
|
DIN No.: |
00065052 |
|
|
|
|
Name : |
Mr. |
|
Designation : |
Managing Director |
|
Address : |
B-3, NDDB Campus,
Anand – 388 001, |
|
Date of Birth/Age : |
20.05.1962 |
|
Date of Appointment : |
16.03.2012 |
|
DIN No.: |
00277044 |
|
|
|
|
Name : |
Mr. Deepak Tikku |
|
Designation : |
Director |
|
Address : |
D-11, First
Floor, (B/P), Maharani Bagh, Delhi -
110065, India |
|
Date of Birth/Age : |
19.06.1948 |
|
Date of Appointment : |
30.07.1999 |
|
DIN No.: |
00064125 |
|
|
|
|
Name : |
Mr. Dilip Rath |
|
Designation : |
Director |
|
Address : |
National Dairy Development board, Near Jagnath Mahadev, Anand –
388001, |
|
Date of Birth/Age : |
15.11.1954 |
|
Date of Appointment : |
21.12.2011 |
|
DIN No.: |
05163623 |
|
|
|
|
Name : |
Mr. Subramaniam Ramachandran Iyer |
|
Designation : |
Director |
|
Address : |
R - 3, Rao Mansions, No. 4, 17th A Cross, 8th
Main, Malleswaram , |
|
Date of Birth/Age : |
28.05.1940 |
|
Date of Appointment : |
22.09.2003 |
|
DIN No.: |
00580437 |
|
|
|
|
Name : |
Mr. Sangramsinh Raysangbhai Chaudhary |
|
Designation : |
Director |
|
Address : |
B-6, NDDB Campus,
Anand – 388 001, |
|
Date of Birth/Age : |
06.09.1960 |
|
Date of Appointment : |
16.03.2012 |
|
DIN No.: |
01850128 |
|
|
|
|
Name : |
Mr. Anil Shenoi |
|
Designation : |
Whole-time Director |
|
Address : |
B -12, NDDB
Campus, Anand – 388 001, Gujarat, India |
|
Date of Birth/Age : |
01.02.1958 |
|
Date of Appointment : |
01.04.2005 |
|
DIN No.: |
00062468 |
|
PAN No.: |
AHFPS3497R |
KEY EXECUTIVES
|
Name : |
Ms. Kinnari Hanskumar Shah |
|
Designation : |
Company Secretary |
|
Address : |
10, Ashok Apartment, Opposite Suraj Paty Plot, |
|
Date of Birth/Age : |
06.07.1978 |
|
Date of Appointment : |
01.01.2011 |
|
Pan No. : |
BAGPS6051Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 09.09.2014
|
Names of Shareholders |
No. of Shares |
|
National Dairy Development |
12144538 |
|
T. Nanda Kumar |
1 |
|
Y. Y. Patil |
1 |
|
Jeevan Akhouri |
1 |
|
Dilip Rath |
1 |
|
Sangram R. Chaudhary |
1 |
|
Ravi Shankar |
1 |
|
|
|
|
Total |
12144544 |
As on 09.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Public
Financial Companies |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Equipment for Application in Dairy, Pharma, Beverage, Brewery and Thermal
Management, Cattle feed as well as packaging Industries. |
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Products : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
Europen Countaries |
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Imports : |
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Products : |
Raw Material |
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Countries : |
¨ Germany ¨ France ¨ Malaysia ¨ China ¨ Singapore ¨ Netherland |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers: |
Not Divulged |
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No. of Employees : |
650 (Payroll) (Approximately) |
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Bankers : |
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Facilities : |
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|
Banking
Relations : |
-- |
|
|
|
|
Financial Institute: |
National Dairy
Development Board, Near Jagnath Mahadev, Anand - 380001, Gujarat, India |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
31, Nutan Bharat Society, Alkapuri, Baroda – 390 007, Gujarat, India |
|
PAN No.: |
AADFD2337G |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12144544 |
Equity Shares |
Rs. 10/- each |
Rs. 121.450 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
121.450 |
121.450 |
121.450 |
|
(b) Reserves & Surplus |
706.220 |
657.130 |
787.870 |
|
(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) |
827.670 |
778.580 |
909.320 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
32.280 |
129.050 |
202.800 |
|
(b) Deferred tax liabilities (Net) |
72.940 |
87.070 |
80.620 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
24.870 |
4.870 |
4.870 |
|
Total Non-current
Liabilities (3) |
130.090 |
220.990 |
288.290 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
666.360 |
945.330 |
814.070 |
|
(b) Trade payables |
688.630 |
681.850 |
855.810 |
|
(c) Other current
liabilities |
350.010 |
457.850 |
325.150 |
|
(d) Short-term
provisions |
12.790 |
0.000 |
24.750 |
|
Total Current
Liabilities (4) |
1717.790 |
2085.030 |
2019.780 |
|
|
|
|
|
|
TOTAL |
2675.550 |
3084.600 |
3217.390 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
726.410 |
782.780 |
821.960 |
|
(ii) Intangible Assets |
20.480 |
25.460 |
16.150 |
|
(iii) Capital
work-in-progress |
1.000 |
1.820 |
8.910 |
|
(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 |
22.550 |
15.870 |
12.190 |
|
(e) Other
Non-current assets |
42.090 |
124.790 |
149.010 |
|
Total Non-Current
Assets |
812.530 |
950.720 |
1008.220 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
526.720 |
531.720 |
549.420 |
|
(c) Trade receivables |
1089.770 |
1226.260 |
1399.870 |
|
(d) Cash and cash
equivalents |
51.670 |
176.840 |
32.120 |
|
(e) Short-term loans
and advances |
136.710 |
177.350 |
212.640 |
|
(f) Other current
assets |
58.150 |
21.710 |
15.120 |
|
Total Current Assets |
1863.020 |
2133.880 |
2209.170 |
|
|
|
|
|
|
TOTAL |
2675.550 |
3084.600 |
3217.390 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4259.610 |
3599.180 |
4188.890 |
|
|
|
Other Income |
6.380 |
10.590 |
11.300 |
|
|
|
TOTAL (A) |
4265.990 |
3609.770 |
4200.190 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
3027.890 |
2618.820 |
3080.740 |
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
11.170 |
21.690 |
75.760 |
|
|
|
Employee benefit expense |
329.920 |
303.820 |
280.570 |
|
|
|
Other expenses |
678.940 |
597.660 |
531.120 |
|
|
|
TOTAL (B) |
4047.920 |
3541.990 |
3968.190 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
218.070 |
67.780 |
232.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
83.340 |
111.390 |
132.940 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
134.730 |
-43.610 |
99.060 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
83.900 |
85.570 |
79.460 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
50.830 |
(129.180) |
19.600 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(11.050) |
1.560 |
12.380 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
61.880 |
(130.740) |
7.220 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
415.260 |
546.000 |
538.780 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
10.930 |
0.000 |
0.000 |
|
|
|
Proposed Dividend (including tax on dividend) |
1.860 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
477.140 |
415.260 |
546.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export (FOB Basis) |
25.100 |
11.640 |
22.590 |
|
|
|
Commission Earnings |
0.290 |
0.930 |
0.980 |
|
|
TOTAL EARNINGS |
25.390 |
12.570 |
23.570 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1.050 |
7.460 |
3.730 |
|
|
|
Bought Out |
297.610 |
429.180 |
384.760 |
|
|
|
Capital Goods |
333.890 |
183.490 |
380.820 |
|
|
TOTAL IMPORTS |
632.550 |
620.130 |
769.310 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.10 |
(10.77) |
0.59 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.45 |
(3.63) |
0.17 |
|
|
|
|
|
|
|
Operating Profit Margin (PBITD/Sales) |
(%) |
5.12 |
1.88 |
5.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.90 |
(4.19) |
0.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
(0.17) |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.84 |
1.38 |
1.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08 |
1.02 |
1.09 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
121.450 |
121.450 |
121.450 |
|
Reserves & Surplus |
787.870 |
657.130 |
706.220 |
|
Net
worth |
909.320 |
778.580 |
827.670 |
|
|
|
|
|
|
long-term borrowings |
202.800 |
129.050 |
32.280 |
|
Short term borrowings |
814.070 |
945.330 |
666.360 |
|
Total
borrowings |
1016.870 |
1074.380 |
698.640 |
|
Debt/Equity
ratio |
1.118 |
1.380 |
0.844 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
4188.890 |
3599.180 |
4259.610 |
|
|
|
(14.078) |
18.349 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
4188.890 |
3599.180 |
4259.610 |
|
Profit |
7.220 |
-130.740 |
61.880 |
|
|
0.17% |
-3.63% |
1.45% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particular |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long-term debt |
33.490 |
73.740 |
76.700 |
|
|
|
|
|
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
--------------- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
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 |
10381722 |
27/05/2014 * |
300,000,000.00 |
State Bank of India |
SPECIAL COMMERCIAL BRANCH, JAYLAXMI PLAZA, GANESH |
C07434715 |
|
2 |
10372064 |
01/11/2012 * |
870,000,000.00 |
INDIAN BANK |
5/8/14, STATION ROAD, ANAND, ANAND, Gujarat - 388001, INDIA |
B62500277 |
|
3 |
10348929 |
03/07/2013 * |
350,000,000.00 |
Axis Bank Limited |
"TRISHUL", 3RD FLOOR, OPP. SAMATHESHWAR TEMPLE,LAW GARDEN, ELLISBRIDGE,,
AHMEDABAD, Gujarat - 380006, INDIA |
B79985537 |
|
4 |
10344136 |
01/09/2014 * |
1,300,000,000.00 |
NATIONAL DAIRY DEVELOPMENT BOARD |
NR. JAGNATH MAHADEV, NATIONAL DAIRY DEVELOPMENT BOARD, ANAND, Gujarat
- 388001, INDIA |
C22787808 |
|
5 |
90096023 |
27/07/2000 * |
120,000,000.00 |
NATIONAL DAIRY DEVELOPMENT BOARD |
POST BOX NO. 40, ANAND, Gujarat - 388001, INDIA |
- |
|
6 |
90095986 |
29/12/1997 |
72,500,000.00 |
NATIONAL DAIRY DEVELOPMENT BOARD |
P. B. NO. 40, ANAND, Gujarat - 388001, INDIA |
- |
|
7 |
90095538 |
05/06/2002 * |
48,279,000.00 |
NATIONAL DAIRY DEVELOPMENT BOARD |
POST BOX NO. 40, ANAND, West Bengal - 388001, INDIA |
- |
|
8 |
90095886 |
19/07/1994 |
48,279,000.00 |
NATIONAL DAIRY DEVELOPMENT BOARD |
POST BOX NO. 40, ANAND, Gujarat - 388001, INDIA |
- |
* Date of charge modification
PERFORMANCE
During the year,
IDMC continued to operate in the business segments of Dairy, Thermal Management
System, Pharmaceuticals & Biotechnology, Beverages, Cattle feed and
Packaging.
IDMC’s income from
operations for FY 2013-14 was Rs. 4,260 million, a growth of more than 18
percent over the previous year. The metals division registered sales of Rs.
3,105 million and the plastics division reported sales of Rs. 1,155 million.
OUTLOOK
While IDMC
registered a reasonably good growth during FY 2013-14, the outlook for FY
2014-15 appears moderate and it will be contingent on a resurgence in the
economy. It is expected that a consolidation of IDMC’s order book for FY 2014-15
could contribute to the company’s efforts in meeting the challenges of growth
in a viable manner.
FIXED ASSETS
Tangible assets
œ
Land
œ
Buildings
œ
Plant and equipment
œ
Factory equipment’s
œ
Furniture and fixtures
œ
Vehicles
œ
Motor vehicles
œ
Office equipment
œ
Computer equipment’s
Intangible assets
œ
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 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.61.92 |
|
|
1 |
Rs.97.39 |
|
Euro |
1 |
Rs.77.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
HET |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
52 |
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.