MIRA
INFORM REPORT
|
Report Date : |
12.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
THYSSENKRUPP INDUSTRIAL
SOLUTIONS (INDIA) PRIVATE LIMITED (w.e.f. 07.10.2014) |
|
|
|
|
Formerly Known
As : |
UHDE INDIA PRIVATE LIMITED (w.e.f. 01.05.2008) UHDE INDIA LIMITED |
|
|
|
|
Registered
Office : |
UHDE House, LBS Marg, Vikhroli (West), Mumbai – 400 083, |
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
30.09.2013 |
|
|
|
|
Date of
Incorporation : |
23.12.1977 |
|
|
|
|
Com. Reg. No.: |
11-020041 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.29.440 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74200MH1977PTC020041 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMU00244G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU1416H |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is
engaged in the business of design, construction, installation and
commissioning of industrial plants for the chemical, petrochemical,
fertilizer and related industries. |
|
|
|
|
No. of Employees
: |
Information denied by the Management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an old and well-established company having a fine track
record. There seems drastic dip in the profit of the company. However, there
are no external borrowings recorded by the company during 2013. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitments. The company can be considered good 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = A+ |
|
Rating Explanation |
Have adequate
degree of safety and carry low credit risk. |
|
Date |
12.11.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A1 |
|
Rating Explanation |
Have very strong degree of safety and carry
lowest credit risk. |
|
Date |
12.11.2014 |
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 DENIED BY
Management Non-Cooperative (91-22-25968000)
LOCATIONS
|
Registered/ Head Office : |
UHDE House, LBS Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra, India |
|
Tel. No.: |
91-22-25968000/ 25968551/ 67968000 |
|
Fax No.: |
91-22-25784327/ 25780210 |
|
E-Mail : |
uhdein@vsnl.com viswanathan.s@thyssenkrupp.com |
|
Website : |
http://www.uhdeindia.com |
|
Area : |
7 Storey Building |
|
Location : |
Owned |
|
|
|
|
Factory : |
3rd Floor, Duggal Plaza, 692A/3C, Prem Nagar, Bibwewadi Road, Pune – 411 037, Maharashtra, India |
|
Tel. No.: |
91-20-66081100 |
|
Fax No.: |
91-20-66081300 |
DIRECTORS
As on 21.03.2014
|
Name : |
Dr. Michael Johannes Thieman |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
Meininghausstrasse 12, D-4600, Dortmund 1, Germany |
|
Date of Birth/Age : |
25.08.1946 |
|
Date of Appointment : |
01.10.2009 |
|
DIN No. : |
00061988 |
|
|
|
|
Name : |
Dr. Benno Hans Lueke |
|
Designation : |
Managing Director |
|
Address : |
Flat No.901 and 902, Vastu CHS, 26B, De. R.G. Thadani Marg, Worli,
Mumbai – 400030, Maharashtra, India |
|
Date of Birth/Age : |
13.02.1952 |
|
Date of Appointment : |
01.09.2009 |
|
DIN No. : |
02634507 |
|
|
|
|
Name : |
Dr. Iddya Dayasagar |
|
Designation : |
Whole Time Director |
|
Address : |
B-401, Daffodil, Hiranandanmi Gardens, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
09.05.1949 |
|
Date of Appointment : |
01.07.1998 |
|
DIN No. : |
00020614 |
|
|
|
|
Name : |
Mr. Prakash Sumudra Dinkar |
|
Designation : |
Whole Time Director |
|
Address : |
Flat B/2/34, Technocrat CHS, B/2, Off Veer Savarkar Road, Prabhadevi, Mumbai – 400025, Maharashtra , India |
|
Date of Birth/Age : |
05.07.1951 |
|
Date of Appointment : |
01.07.1998 |
|
DIN No. : |
00062355 |
|
|
|
|
Name : |
Mr. Dara Nadirshaw Damania |
|
Designation : |
Director |
|
Address : |
11, Abbas Road, 11, G.G. Thakar Road, Pune – 411001, Maharashtra, India |
|
Date of Birth/Age : |
02.12.1936 |
|
Date of Appointment : |
07.06.1996 |
|
DIN No. : |
00403834 |
|
|
|
|
Name : |
Mr. Jayantilal Ranchhoddas Shah |
|
Designation : |
Director |
|
Address : |
20, CCI Chambers, Dinshaw Wachha Road, Mumbai – 400020, Maharashtra, India |
|
Date of Birth/Age : |
16.02.1923 |
|
Date of Appointment : |
23.12.1977 |
|
DIN No. : |
00020723 |
|
|
|
|
Name : |
Thampi Trivikraman Kunjukuttan |
|
Designation : |
Director |
|
Address : |
F20, 501, Green Crest Yamuna Nagar, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
15.08.1927 |
|
Date of Appointment : |
01.01.1978 |
|
DIN No. : |
00043445 |
|
|
|
|
Name : |
Mr. Bansidhar Sunderlal Mehta |
|
Designation : |
Alternate Director |
|
Address: |
37, Maheshwari Mansions, 34, Napean Sea Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/ Age: |
19.09.1935 |
|
Date of Appointment: |
20.06.2009 |
|
DIN No. : |
00035019 |
|
|
|
|
Name : |
Mr. Rajendra Ambalal Shah |
|
Designation : |
Alternate Director |
|
Address : |
Panorama, 2nd Floor, 203 Walkeshwar Road, Teenbatti, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
07.07.1931 |
|
Date of Appointment : |
14.03.2014 |
|
DIN No. : |
00009851 |
|
|
|
|
Name : |
Mr. Nilesh Raghunath Chitre |
|
Designation : |
Director |
|
Address: |
B-902, 9th Floor, Ajmera-Presine, Yogi Nagar, Borivali West, Mumbai-400091, Maharashtra, India |
|
Date of Birth/ Age: |
25.08.1963 |
|
Date of Appointment: |
01.10.2013 |
|
DIN No. : |
06467442 |
|
|
|
|
Name : |
Mr. Sascha Andre Stirnberg |
|
Designation : |
Director |
|
Address: |
AM Gysenberg 17B, Bochum-44805, Germany |
|
Date of Birth/ Age: |
20.06.1976 |
|
Date of Appointment: |
14.03.2014 |
|
DIN No. : |
06842891 |
KEY EXECUTIVES
|
Name : |
Mr. Gurpur Radhakrishna Prabhu |
|
Designation : |
Company Secretary |
|
Address : |
401/6 Ajangiri, Siddachal Apartment, Phase II, 2nd Pokhran Road, Thane (West), Mumbai – 400601, Maharashtra, India |
|
Date of Birth/Age : |
03.08.1960 |
|
Date of Appointment : |
08.03.2002 |
|
PAN No. : |
AADPP0040N |
|
|
|
|
Name : |
Mr. Naiman Elavia |
|
Designation : |
General Manager (Finance) |
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|
|
|
Name : |
Mr. Atul Bhalerao |
|
Designation : |
Group Head (Business Development) |
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|
Name : |
Mr. S. Viswanathan |
|
Designation : |
Head (Procurement and Estimation) |
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|
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|
Name : |
Ms. Sonal Singh |
|
Designation : |
Head (Personnel and Human Resources) |
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|
|
|
Name : |
Mr. Leroy Santos |
|
Designation : |
Senior Manager (Public Relations) |
MAJOR SHAREHOLDERS
As on 21.03.2014
|
Names of Shareholders |
No. of Shares |
%age |
|
Thyssenkrupp Uhde GmbH, Germany |
2368000 |
80.43 |
|
Kingfisher Finvest I Limited, India |
256000 |
8.70 |
|
Anila Shah |
62500 |
2.12 |
|
Jayant Shah |
76800 |
2.61 |
|
Urmila Jayant Shah |
76800 |
2.61 |
|
Ranjit Jayant Shah |
76800 |
2.61 |
|
Mona Shah |
25600 |
0.87 |
|
Shefali Rajendra Shah |
1500 |
0.05 |
|
Total |
2944000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 21.03.2014
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
80.00 |
|
Bodies corporate |
0.9 |
|
Directors or relatives of Directors |
11.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20298347%202_MIRA%20-%20REVISED%20REPORT%2012-Dec-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged in the business of design, construction, installation and
commissioning of industrial plants for the chemical, petrochemical,
fertilizer and related industries. |
|
|
|
|
Products : |
· Nitric Acid · Ammonia · Ammonium Nitrate · Ammonium Nitrophosphate and CAN · Urea · DAP/NPK · Phosphoric Acid · VCM · Styrene Monomer · PVC · Polystyrene · HDPE · Polypropylene · Polyols · Ethylene Oxide · Ethylene Glycol · Ethyl Benzene · Propylene Oxide · VAM · LAB · Adipic Acid · Formaldehyde · Caustic Soda · Chlorine · Caustic Potash · Membrane Cells Electrolysis Plants · Chlorine Director-Oxide · Spray Dried Silica · Bleaching Powder · Hydrogen Peroxide · Poly Aluminium Chloride · Zinc Smelting |
|
|
|
|
Brand Names : |
Not Divulged |
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|
|
|
Agencies Held : |
Not Divulged |
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|
|
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
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|
|
|
Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
|
|
|
|
Customers : |
Not Divulged |
|
|
|
|
No. of Employees : |
Information denied by the Management |
|
|
|
|
Bankers : |
·
Deutsche Bank, Nariman Point, Mumbai, ·
Union Bank of ·
State Bank of · Punjab National Bank |
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
Plot No.Y-14, Block EP Sector V, Salt Lake Electronic Complex, Bidhan Nagar, Kolkata, West Bengal, India |
|
PAN
No. : |
AAHFP0187A |
|
|
|
|
Memberships : |
----- |
|
|
|
|
Collaborators : |
----- |
|
|
|
|
Holding Company : |
Thyssenkrupp Uhde GmBH, Germany |
|
|
|
|
Ultimate Holding Company : |
Thyssenkrupp A.G., Germany |
|
|
|
|
Fellow Subsidiaries : |
·
Thyssenkrupp Electricals Steel India Private
Limited (CIN No.: U27100MH2000PTC127807) ·
Thyssenkrupp Metal Serv GmBH, Germany ·
Thyssenkrupp Engineering Pty Limited, South
Africa ·
Thyssenkrupp Elevators (India) Private Limited ·
Thyssenkrupp Industries India Private Limited
(CIN No.: U74999MH1947PTC005508) ·
Thyssenkrupp Academy GmbH ·
Uhde
Arabia Limited ·
Uhde Thailand Limited ·
Uhde High Pressure Technologies GmbH ·
Thyssenkrupp Engine Components (India) Private
Limited (CIN No.: U29268MH2010PTC205326) ·
Uhde Mexico S.A. de C.V. ·
Uhde Engineering Consulting (Shanghai) Company
Limited, China ·
Uhde Shedden (Australia) Pty Limited,
Austria ·
Uhde Fertilizer
Technology B. V ·
Uhde Inventa Fischer AG ·
Berco Undercarraiges (India) Private Limited (CIN
No.: U74900AP2008PTC060646) ·
Uhde Inventa Fischer GmbH ·
Rothe Erde India Private Limited (CIN No.:
U27109MH2006PTC161325) ·
Uhde Engineering Egypt, Egypt ·
Thyssenkrupp System Engineering India Private
limited, India ·
Thyssenkrupp India Private Limited ·
Dr S Lueke |
CAPITAL STRUCTURE
As on 21.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2944000 |
Equity Shares |
Rs.10/- each |
Rs.29.440 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.09.2013 |
30.09.2012 |
30.09.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
29.440 |
29.440 |
29.440 |
|
(b) Reserves & Surplus |
2009.195 |
1842.845 |
1548.284 |
|
(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) |
2038.635 |
1872.285 |
1577.724 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
59.710 |
0.000 |
0.000 |
|
(d) long-term provisions |
38.812 |
198.330 |
149.625 |
|
Total Non-current Liabilities (3) |
98.522 |
198.330 |
149.625 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
1404.413 |
1218.064 |
1099.911 |
|
(c) Other current
liabilities |
3556.960 |
3669.690 |
4955.521 |
|
(d) Short-term provisions |
437.358 |
321.792 |
389.769 |
|
Total Current Liabilities (4) |
5398.731 |
5209.546 |
6445.201 |
|
|
|
|
|
|
TOTAL |
7535.888 |
7280.161 |
8172.550 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
693.750 |
699.747 |
753.244 |
|
(ii) Intangible Assets |
36.062 |
14.792 |
25.678 |
|
(iii) Capital
work-in-progress |
3.857 |
0.363 |
3.291 |
|
(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) |
232.833 |
149.828 |
143.037 |
|
(d) Long-term Loan and Advances |
607.926 |
591.364 |
410.494 |
|
(e) Other Non-current assets |
6.557 |
6.466 |
142.748 |
|
Total Non-Current Assets |
1580.985 |
1462.560 |
1478.492 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.073 |
0.000 |
2.929 |
|
(c) Trade receivables |
2028.262 |
2556.752 |
1989.688 |
|
(d) Cash and cash
equivalents |
863.905 |
431.426 |
1747.211 |
|
(e) Short-term loans and
advances |
2741.575 |
2536.187 |
2503.424 |
|
(f) Other current assets |
321.088 |
293.236 |
450.806 |
|
Total Current Assets |
5954.903 |
5817.601 |
6694.058 |
|
|
|
|
|
|
TOTAL |
7535.888 |
7280.161 |
8172.550 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.09.2013 |
30.09.2012 |
30.09.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
5383.560 |
|
|
|
Other Income |
|
|
NA |
|
|
|
TOTAL |
4950.480 |
9312.706 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
4583.690 |
8672.366 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
366.790 |
640.340 |
790.650 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
114.340 |
208.910 |
262.130 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
252.450 |
431.430 |
528.520 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
526.270 |
274.840 |
167.400 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend – Final |
73.600 |
117.760 |
147.200 |
|
|
|
Tax on Dividend |
12.510 |
19.100 |
23.880 |
|
|
|
Transfer to General Reserve |
25.240 |
43.140 |
250.000 |
|
|
BALANCE CARRIED
TO THE B/S |
667.370 |
526.270 |
274.840 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
85.75 |
146.54 |
179.52 |
|
%20PRIVATE%20LIMITED%20-%20298347%202_MIRA%20-%20REVISED%20REPORT%2012-Dec-2014_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20298347%202_MIRA%20-%20REVISED%20REPORT%2012-Dec-2014_files/image004.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
30.09.2013 |
30.09.2012 |
30.09.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA
|
NA |
9.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.03 |
8.98 |
9.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.34 |
0.50 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.10 |
1.12 |
1.04 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
30.09.2011 |
30.09.2012 |
30.09.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
29.440 |
29.440 |
29.440 |
|
Reserves & Surplus |
1548.284 |
1842.845 |
2009.195 |
|
Net
worth |
1577.724 |
1872.285 |
2038.635 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
%20PRIVATE%20LIMITED%20-%20298347%202_MIRA%20-%20REVISED%20REPORT%2012-Dec-2014_files/image006.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
30.09.2012 |
30.09.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
9312.706 |
4950.48 |
|
|
|
(46.842) |
%20PRIVATE%20LIMITED%20-%20298347%202_MIRA%20-%20REVISED%20REPORT%2012-Dec-2014_files/image008.gif)
NET PROFIT MARGIN
|
Net Profit
Margin |
30.09.2012 |
30.09.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
9312.706 |
4950.480 |
|
Profit |
431.430 |
252.450 |
|
|
4.63% |
5.10% |
%20PRIVATE%20LIMITED%20-%20298347%202_MIRA%20-%20REVISED%20REPORT%2012-Dec-2014_files/image010.gif)
LOCAL AGENCY FURTHER INFORMATION
NOTE: Current Maturities
of Long Term Debts is Not Available.
|
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
No Charges Exist for Company
PERFORMANCE DURING
THE YEAR:
During the year
the company received an order intake amounting to Rs. 5722.550 million. The
turnover of the company stood at Rs. 4950.480 million. The profit after tax
stood at Rs. 252.450 million. In the current competitive environment this
performance is indeed remarkable and the credit for this achievement goes to
the employees. The major contracts received during the year include, 200 TPD
Caustic Soda Plant at Andhra Pradesh for KPR Industries, Ammonia Urea Complex
for CFI USA as well as for Orascom, USA, both, detailed engineering services
subcontracted from ThyssenKrupp Uhde. The major contracts which contributed to
the turnover during the year are PBT Plant for Sipchem Chemical Company, at Al
Jubail, Saudi Arabia, Hydrogen Plant at Paradeep, Orissa, for Praxair and
DAP/NPK Plant at Kakinada, Andhra Pradesh, for Coromondel International.
PROSPECTS:
India’s growth
prospects in the near term are still weak and the difficult phase doesn’t seem
to be over. The rising fiscal deficit, the volatility of fuel prices, rising
inflation and lack of will for investment in India are major challenges facing
the economy. The sharp fall of the Rupee against the Euro and Dollar, amid high
level of Current Account deficit coupled with tight monetary policy of the
Reserve Bank of India deters fresh flow of capital in the industry and thereby
hampers new initiatives for investments. The Company had always overcome these
difficulties by spreading its business within the country and abroad. We have
been able to acquire business for MENA and USA region. In the coming years, the
Company will continue its efforts to acquire business in its core area in the
Middle East countries besides subcontract for engineering services from
ThyssenKrupp Uhde. These steps should enable the Company to have a healthy
Order Intake and Profits in the next year.
FIXED ASSETS
· Land
· Buildings
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
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. 62.20 |
|
|
1 |
Rs. 97.80 |
|
Euro |
1 |
Rs. 77.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
HET |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ASH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
63 |
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.