MIRA INFORM REPORT
|
Report Date : |
27.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
ITW INDIA LIMITED (w.e.f.
October 2005) |
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Formerly Known
As : |
ITW SIGNODE INDIA LIMITED (w.e.f. 30.01.1992) NAGARJUNA SIGNODE LIMITED |
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Registered
Office : |
Level 1, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
31.11.1979 |
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Com. Reg. No.: |
05-038643 |
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Capital
Investment / Paid-up Capital : |
Rs.135.505 Millions |
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CIN No.: [Company Identification
No.] |
U32301HR1979PLC038643 |
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IEC No.: |
0988002663 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
RTKI01677E |
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PAN No.: [Permanent Account No.] |
AAAC14550Q |
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Legal Form : |
A Closely Held Public Limited Liability Company. |
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Line of Business
: |
Manufacturer, Exporter and Importer of polymers and fluids, automotive,
components, insulation, testing equipment, adhesive tapes etc. |
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No. of Employees
: |
29 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 8700000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed company having fine track
record. Financial position of the company seems to be decent. 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 normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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 : |
Ms. Shamla |
|
Designation : |
Account Executive |
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Contact No.: |
91-8455-224700 |
|
Date : |
11.12.2014 |
LOCATIONS
|
Registered Office : |
Level 1, |
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Tel. No.: |
91-124-3020601 |
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Fax No.: |
91-124-3020603 |
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E-Mail : |
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Website : |
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Factory 1 : |
Plot No.13, Sec-2, |
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Tel. No.: |
91-5944-250221 (BSNL) 91-5944-645012 (Tata) |
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Factory 2 : |
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Tel. No.: |
91-8455-305085 |
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Fax No.: |
91-8455-220002 / 226101 |
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Factory 3 : |
Survey No.263 |
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Tel. No.: |
91-260-2699291 / 92 |
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Fax No.: |
91-260-2699293 |
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Automotive Unit : |
995/2/1, Dingrawadi, Near Kalyani Sharp Pune Nagar Road, Tal-Shirur District Pune – 412207, Maharashtra, India |
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Tools, Spares and |
No.9, KSSP Warehousing Complex, Door No. 7-2-1740,
Sanathnagar, |
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Tel No.: |
91-40-64534002 |
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Fax No.: |
91-40-23811667 |
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Branch Office : |
3C PM Towers, 37 Greams Road , Chennai – 600007, Tamilnadu, India |
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Tel No.: |
44-28293888 |
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Fax No.: |
44-28293887 |
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Email : |
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Division (Chemin) : |
Plot No: 34 to 37, Phase-2, IDA, APIIC, Pashammylaram, Medak – 502307, (35 km from Hyderabad), Andhra Pradesh, India |
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Tel No.: |
91-8455-224700 / 224701 |
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Fax No.: |
91-8455-224705 |
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Email : |
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Sales and Service Network : |
Located at: |
DIRECTORS
As on: 31.03.2014
|
Name : |
Mr. Rohit Gupta |
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Designation : |
Executive Director |
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Address : |
C-1/1448, Vasant Kunj, |
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Date of Birth/Age : |
20.05.1968 |
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Qualification : |
Chartered Accountant |
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Date of Appointment : |
11.10.2010 |
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DIN No.: |
00322010 |
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Name : |
Ms. Mary Ann Spiegel |
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Designation : |
Non-Executive Director |
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Address : |
595 S. Rexbl VD, Elmhurst, Illinois - 60126 |
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Date of Birth/Age : |
24.05.1964 |
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Date of Appointment : |
29.09.2012 |
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DIN No.: |
05161638 |
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Name : |
Mr. (Dr.) Subodh Shrinivas Deshpande |
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Designation : |
Executive Director |
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Name : |
Ms. Joanna Barbara Pasek |
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Designation : |
Non-Executive Director |
KEY EXECUTIVES
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Name : |
Mr. Abhishek Nagar |
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Designation : |
Secretary |
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Address : |
Flat No. 16, 169, Khirkee Village, Maiviya Nagar, New Delhi – 110017,
India |
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Date of Birth/Age : |
22.12.1978 |
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Date of Appointment : |
23.09.2013 |
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PAN No.: |
AGLPN1292J |
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Audit Committee : |
Ms. MaryAnn Spiegel Mr. Rohit Gupta Ms. Joanna Barbara Pasek |
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Name : |
Ms. Shamla |
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Designation : |
Account Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 25.11.2013
|
Names of Shareholders |
No. of Shares |
|
Illinois Tool Works Inc., - |
6350 |
|
Illinois Tool Works Inc., - |
362 |
|
Illinois Tool Works Inc., - |
29 |
|
Anita Khandelwal |
3 |
|
Sonal D Shah |
2 |
|
R Sunitha Reddy |
2 |
|
Rama Krupa Mulpury |
2 |
|
Nagasiromani Dandamudi |
2 |
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Chandmal Chhajed |
2 |
|
Madhusudana Rao Dandamudi |
2 |
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Manoj Bagadia |
2 |
|
Podile Gita Vani |
1 |
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ITW PMI Investments Inc. – Willington |
1 |
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Hobart Corporation – |
1 |
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Bharat Bhushan Sahny |
1 |
|
Wilsonart International – USA |
1 |
|
Geera Finance Limited, India |
1 |
|
ITW Universal LLC – USA |
1 |
|
M Bhawarlal Jain |
1 |
|
Dandamudi Krishan Rao |
1 |
|
Swan Securities Private Limited – |
1 |
|
Kailashben Kiritbhai Shah |
1 |
|
Priyadarshi Ramprasad Shukla |
1 |
|
Krishnarao Annarao Lokapur |
1 |
|
Amita Nitesh Thakkar |
1 |
|
Priya Dhawal Thakkar |
1 |
|
Stokvis Tape Group B.V. Netherland |
2 |
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|
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Total |
6775 |
As on: 25.11.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
99.59 |
|
Directors or relatives of directors |
0.02 |
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Others |
0.39 |
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Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of polymers and fluids,
automotive, components, insulation, testing equipment, adhesive tapes etc. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
29 (Approximately) |
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Bankers : |
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Facilities : |
NOTE: LONG TERM
BORROWINGS
Vehicle loans from Sundaram Finance Limited are secured by
hypothecation of the vehicles. |
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Financial Institution : |
Life Insurance Corporation of India Yogakshema Jeevan Bima
Marg, Bombay - 400021, Maharashtra, India |
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Statutory Auditors : |
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Name : |
Deloitte Haskings and Sells Chartered Accountant |
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Address : |
7th Floor, Building No. 10, DLF Cyber City Complex,
Gurgaon, Haryana, India |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
As on: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25300 |
Equity Shares |
Rs.20000/- each |
Rs.506.000 Millions |
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Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8938 |
Equity Shares |
Rs.20000/- each |
Rs.178.760 Millions |
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Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6775 |
Equity Shares |
Rs.20000/- each |
Rs.135.500 Millions |
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|
Add: Forfeited Shares |
|
Rs.0.005
Million |
|
|
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|
|
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Total |
|
Rs.135.505 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
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I.
EQUITY AND LIABILITIES |
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|
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(1)Shareholders' Funds |
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|
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(a) Share Capital |
135.505 |
135.505 |
135.465 |
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(b) Reserves & Surplus |
2943.831 |
7447.115 |
6493.072 |
|
(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) |
3079.336 |
7582.620 |
6628.537 |
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(3) Non-Current Liabilities |
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|
|
|
(a) long-term borrowings |
28.143 |
35.118 |
39.222 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
99.372 |
89.473 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.617 |
41.136 |
36.275 |
|
Total
Non-current Liabilities (3) |
29.760 |
175.626 |
164.970 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
18.619 |
0.000 |
|
(b) Trade payables |
378.955 |
846.501 |
688.564 |
|
(c) Other current liabilities |
138.340 |
200.299 |
262.482 |
|
(d) Short-term provisions |
3.113 |
3.537 |
19.410 |
|
Total
Current Liabilities (4) |
520.408 |
1068.956 |
970.456 |
|
|
|
|
|
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TOTAL |
3629.504 |
8827.202 |
7763.963 |
|
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|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
698.795 |
1828.048 |
1491.345 |
|
(ii) Intangible Assets |
37.457 |
373.133 |
349.265 |
|
(iii) Capital work-in-progress |
48.005 |
101.547 |
148.019 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
486.688 |
490.045 |
490.045 |
|
(c) Deferred tax assets (net) |
32.526 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
137.598 |
191.827 |
146.700 |
|
(e) Other Non-current assets |
37.832 |
62.578 |
48.497 |
|
Total
Non-Current Assets |
1478.901 |
3047.178 |
2673.871 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
419.650 |
1433.340 |
1079.161 |
|
(c) Trade receivables |
733.094 |
2478.173 |
1941.390 |
|
(d) Cash and cash equivalents |
676.220 |
1258.268 |
1497.464 |
|
(e) Short-term loans and
advances |
253.022 |
447.480 |
410.331 |
|
(f) Other current assets |
68.617 |
162.763 |
161.746 |
|
Total
Current Assets |
2150.603 |
5780.024 |
5090.092 |
|
|
|
|
|
|
TOTAL |
3629.504 |
8827.202 |
7763.963 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10334.416 |
11593.680 |
8989.880 |
|
|
|
Other Income |
363.987 |
164.973 |
300.664 |
|
|
|
TOTAL |
10698.403 |
11758.653 |
9290.544 |
|
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
4219.428 |
4893.748 |
3620.932 |
|
|
|
Purchases of Stock-in-Trade |
1612.575 |
2023.884 |
1512.595 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
77.797 |
(365.148) |
(67.343) |
|
|
|
Employees benefits expense |
1259.748 |
1610.710 |
1300.272 |
|
|
|
Other expenses |
1073.897 |
1290.728 |
1093.827 |
|
|
|
Exceptional Item |
(8050.066) |
0.000 |
0.000 |
|
|
|
TOTAL |
193.379 |
9453.922 |
7460.283 |
|
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|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
10505.024 |
2304.731 |
1830.261 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
8.059 |
40.885 |
12.963 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
10496.965 |
2263.846 |
1817.298 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
269.469 |
308.853 |
194.315 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
10227.496 |
1954.993 |
1622.983 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2444.843 |
635.273 |
551.090 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
7782.653 |
1319.720 |
1071.893 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7319.999 |
6365.956 |
5294.063 |
|
|
|
|
|
|
|
|
|
Less |
Loss on
Amalgamation |
0.000 |
352.937 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
Loss for the period
January-12 to March-12 as per Scheme of Amalgamation approved in the year
2012-13 |
0.000 |
12.740 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
778.265 |
0.000 |
0.000 |
|
|
|
Dividend Distribution Tax |
1784.687 |
0.000 |
0.000 |
|
|
|
Interim Dividend 2013-14 |
10501.250 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
2038.450 |
7319.999 |
6365.965 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
920.800 |
1110.000 |
841.500 |
|
|
|
Commission |
78.400 |
88.100 |
22.600 |
|
|
|
Services |
74.900 |
74.600 |
94.800 |
|
|
TOTAL EARNINGS |
1074.100 |
1272.700 |
958.900 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
114871.00 |
194850.20 |
1.58 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
75.30 |
11.38 |
11.92 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
101.65 |
19.88 |
20.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
333.98 |
23.74 |
22.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
3.32 |
0.26 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.01 |
0.01 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.13 |
5.41 |
5.25 |
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 |
135.465 |
135.505 |
135.505 |
|
Reserves & Surplus |
6493.072 |
7447.115 |
2943.831 |
|
Net worth |
6628.537 |
7582.620 |
3079.336 |
|
|
|
|
|
|
long-term borrowings |
39.222 |
35.118 |
28.143 |
|
Short term borrowings |
0.000 |
18.619 |
0.000 |
|
Total borrowings |
39.222 |
53.737 |
28.143 |
|
Debt/Equity ratio |
0.006 |
0.007 |
0.009 |
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) |
|
Revenue from
operations |
8989.880 |
11593.680 |
10334.416 |
|
|
|
28.964 |
(10.862) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Revenue from operations |
8989.880 |
11593.680 |
10334.416 |
|
Profit |
1071.893 |
1319.720 |
7782.653 |
|
|
11.92% |
11.38% |
75.31% |
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 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
--------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE:
The Registered Office of the has been shifted from the 3rd
Floor, Merchant Towers, #5 Road No. 4, Banjara Hills, Hyderabad – 500034,
Andhra Pradesh, India to the present address w.e.f. 19.12.2008
CORPORATE INFORMATION
ITW India Limited (ITW India) is a public limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. It is a subsidiary of Illinois Tool Works, U.S.A. The Company is engaged in the business of polymers and fluids, automotive components, insulation, testing equipments, adhesive tapes etc. The Company caters to both domestic and international markets.
FINANCIAL OVERVIEW
During the year the total revenue of the Company was Rs. 10698.400 millions as against Rs. 11758.700 millions in the previous financial year.
The company earned a net profit before tax of Rs. 10227.500 millions as against Rs. 1955.000 millions in the previous financial year. This includes an exceptional item, profit of Rs. 805.01 crores from the sale of Industrial Packaging business and sale of investment in Signode India Limited (formerly “Strapex India Limited”).
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90093134 |
31/03/2005 |
500,000.00 |
THE UNITED WESTERN BANK LIMITED |
LAXMI ROAD, PUNE, Maharashtra - 411002, INDIA |
- |
|
2 |
90085814 |
26/06/2001 |
250,000.00 |
RUPEE CO OP BANK LTD |
BUDHAWAR PETH
BRANCH, PUNE, Maharashtra - 411002, |
- |
|
3 |
90258481 |
30/03/1999 |
30,500,000.00 |
STATE BANK OF INDIA |
YELLAREDDYGUDA
BRANCH, HYDERABAD, Andhra Pradesh - |
- |
|
4 |
90259780 |
02/01/1993 * |
31,200,000.00 |
SYNDICATE BANK |
I.F.B., RAJBHAVAN
ROAD, HYDERABAD, Andhra Pradesh |
- |
|
5 |
90259753 |
17/04/1997 * |
29,300,000.00 |
STATE BANK OF MYSORE |
SECUNDERABAD, SECUNDERABAD, Andhra Pradesh, INDIA |
- |
|
6 |
90258228 |
25/02/1995 * |
40,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, RAJBHAVAN ROAD, HYDERABAD, Andhra Pradesh, INDIA |
- |
|
7 |
90258103 |
04/08/1995 |
20,000,000.00 |
THE INDUSTRIAL
CREDIT AND INVESTMENT CORP. INDIA L |
163; BACKBAY RECLMATION, BOMBAY, Maharashtra - 400020, INDIA |
- |
|
8 |
90261195 |
10/09/1993 * |
97,900,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, RAJBHAWAN ROAD, HYDERA |
- |
|
9 |
90261159 |
10/09/1993 * |
40,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH,
RAJBHAWAN ROAD, HYDERA |
- |
|
10 |
90259635 |
15/07/1994 |
5,000,000.00 |
ANDHRA BANK |
PRAKASHMNAGAR BRANCH, HYDERABAD, Andhra Pradesh, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Sales tax deferral scheme |
25.558 |
25.558 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Working Capital Loan - Short term buyers credit |
0.000 |
18.619 |
|
|
|
|
|
Total |
25.558 |
44.177 |
FIXED ASSETS:
Tangible Assets
- Land (Freehold)
- Land (Leasehold)
- Building
- Leasehold improvements
- Plant and machineries
- Office equipment
- Furniture and fixtures
- Moulds
- Vehicles
Intangible Assets
- Goodwill
- Trade Marks
- Know-how
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. 63.64 |
|
|
1 |
Rs. 98.98 |
|
Euro |
1 |
Rs. 77.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
54 |
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.