MIRA INFORM REPORT
|
Report Date : |
30.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHRENO LIMITED [w.e.f.19.09.2006] |
|
|
|
|
Formerly Known
As : |
ALEMBIC GLASS INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
Alembic House, 1st Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.12.1944 |
|
|
|
|
Com. Reg. No.: |
04-000345 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 570.415 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26100GJ1944PLC000345 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDS01611B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA7953Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Glassware and Engineering Goods. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7580000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Trade relations are fair. Business is active. Payments are usually
correct. In view of long standing track record, the company can be considered
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term fund based facilities = BBB-
[Stable] |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
March 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term non fund based facilities = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
March 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
[CONTACT NO.: 91-265-2280550]
LOCATIONS
|
Registered Office : |
Alembic House, 1st Floor, |
|
Tel. No.: |
91-265-2280550 |
|
Fax No.: |
91-265-2281229 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Sales Office/ Factory 1 : |
3/23-24, Gorwa Industrial Estate, Vadodara - 390003, |
|
Tel. No.: |
91-265-2282284 |
|
Fax No.: |
91-265-2280569 |
|
|
|
|
Factory 2 : |
4/22-23, Gorwa Industrial Estate, Vadodara - 390003, |
|
Tel. No.: |
91-265-2280190 |
|
Fax No.: |
91-265-2285893 |
DIRECTORS
AS ON 11.08.2014
|
Name : |
Chirayu Ramanbhai Amin |
|
Designation : |
Director |
|
Address : |
F 10/195, |
|
Date of Birth/Age : |
04.12.1946 |
|
Date of Appointment : |
22.05.1969 |
|
PAN No.: |
ABMPA5729P |
|
DIN No.: |
00242549 |
|
|
|
|
Name : |
Mrs. Malika Chirayu Amin |
|
Designation : |
Director |
|
Address : |
F 10/195, |
|
Date of Birth/Age : |
22.10.1954 |
|
Date of Appointment : |
25.10.2005 |
|
PAN No.: |
ABMPA5730G |
|
DIN No.: |
00242613 |
|
|
|
|
Name : |
Mrs. Yeraben Ramanbhai Amin |
|
Designation : |
Director |
|
Address : |
F10/195 Race Course Circle, Gotri Road, Vadodara - 390007, Gujarat, India |
|
Date of Birth/Age : |
12.01.1952 |
|
Date of Appointment : |
17.02.1995 |
|
PAN No.: |
ABMPA5733F |
|
DIN No.: |
00245648 |
|
|
|
|
Name : |
Chitta Ranjan Mukherjee |
|
Designation : |
Director |
|
Address : |
202/203, Balaji Arcade, B/S. New Petrol Pump, Near Rajesh Tower Road, Gotri, Vadodara - 390017, Gujarat, India |
|
Date of Appointment : |
30.03.2012 |
|
DIN No.: |
00439613 |
|
|
|
|
Name : |
Mr. Nitin Vishnu Bhave |
|
Designation : |
Whole-time director |
|
Address : |
301, Wings Villa, 73, Vishwas Colony, Jetalpur Road, Vadodara - 390007, Gujarat, India |
|
Date of Birth/Age : |
11.05.1963 |
|
Qualification : |
M.A. |
|
Experience : |
23 Years |
|
Date of Appointment : |
01.10.2012 |
|
PAN No.: |
ABMPB7274N |
|
DIN No.: |
00516421 |
|
|
|
|
Name : |
Mr. Mayur Dilipsingh Jadeja |
|
Designation : |
Director |
|
Address : |
12, Suvernapuri Society, Jetalpur Road, Vadodara - 390007, Gujarat, India |
|
Date of Birth/Age : |
09.11.1955 |
|
Date of Appointment : |
06.01.2012 |
|
DIN No.: |
00799518 |
KEY EXECUTIVES
|
Name : |
Ms. Manisha Kathed |
|
Designation : |
Secretary |
|
Address : |
P-402, Vishranti Greens, Near Narayan Gardens, Gotri Road, Vadodara - 390021, Gujarat, India |
|
Date of Birth/Age : |
01.05.1984 |
|
Date of Appointment : |
03.09.2013 |
|
PAN No.: |
AUWCK2967L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 11.08.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 11.08.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Nationalised or other banks |
0.02 |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
0.05 |
|
Bodies
corporate |
35.32 |
|
Directors
or relatives of directors |
59.57 |
|
Other
top fifty shareholders |
1.62 |
|
Others
|
3.42 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Glassware and Engineering Goods. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India · Bank of Baroda 101, Payal Complex II, Lokmanya Tilak Road, Sayajiganj, Vadodara - 390005, Gujarat, India · ING Vysya Bank Limited "SWING" Race Course Road, Near Alkapuri
Telephone Exchange, Vadodara - 390007, Gujarat, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K. C. Mehta and Company Chartered Accountants |
|
Address : |
2nd Floor, Meghdhanush, Race Cource, Vadodara – 390007,
Gujarat, India a |
|
Income-tax
PAN of auditor or auditor's firm : |
AAPFK1558J |
|
|
|
|
Subsidiary company
: |
· AGI Developers Limited [U45102GJ2004PLC044463] ·
Quick Flight Limited [U21098GJ2007PLC074270] |
|
|
|
|
Associates : |
· Alembic Pharmaceuticals Limited [L24230GJ2010PLC061123] · Alembic Limited [L26100GJ1907PLC000033] · Paushak Limited [L51909GJ1972PLC044638] · Nirayu Private Limited [U51909KA1971PTC002124] · Rakshak Services Private Limited [U55101GJ1987PTC010082] · Viramya Packlight Limited [U25200GJ1982PLC005755] ·
Sierra Investments Limited (TR CO )
[U70109GJ1988PLC044681] |
CAPITAL STRUCTURE
AFTER 11.08.2014
Authorised Capital : Rs. 2400.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 570.415
Millions
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,600,000 |
Equity Shares |
Rs. 100/- each |
Rs. 460.000 Millions |
|
1,900,000 |
Preference Shares |
Rs. 100/- each |
Rs. 190.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 650.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,504,152 |
Equity Shares |
Rs. 100/- each |
Rs. 450.415 Millions |
|
1,200,000 |
Preference Shares |
Rs. 100/- each |
Rs. 120.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 570.415
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 |
570.415 |
640.415 |
340.138 |
|
(b) Reserves & Surplus |
2083.119 |
442.538 |
701.772 |
|
(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) |
2653.534 |
1082.953 |
1041.910 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
100.000 |
216.583 |
83.263 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
88.672 |
3.672 |
3.672 |
|
(d)
long-term provisions |
9.226 |
11.018 |
9.930 |
|
Total
Non-current Liabilities (3) |
197.898 |
231.273 |
96.865 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
762.084 |
316.042 |
449.400 |
|
(b)
Trade payables |
204.775 |
241.312 |
156.482 |
|
(c)
Other current liabilities |
456.534 |
486.305 |
606.805 |
|
(d)
Short-term provisions |
4.182 |
34.650 |
2.768 |
|
Total
Current Liabilities (4) |
1427.575 |
1078.309 |
1215.455 |
|
|
|
|
|
|
TOTAL |
4279.007 |
2392.535 |
2354.230 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
693.840 |
686.087 |
624.690 |
|
(ii)
Intangible Assets |
113.807 |
146.324 |
0.100 |
|
(iii)
Capital work-in-progress |
52.975 |
53.234 |
8.748 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
244.460 |
244.460 |
263.460 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
17.711 |
14.810 |
16.997 |
|
(e)
Other Non-current assets |
6.355 |
6.255 |
2.234 |
|
Total
Non-Current Assets |
1129.148 |
1151.170 |
916.229 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2680.491 |
860.871 |
888.953 |
|
(c)
Trade receivables |
133.662 |
145.483 |
140.842 |
|
(d)
Cash and cash equivalents |
93.598 |
35.827 |
20.962 |
|
(e)
Short-term loans and advances |
242.091 |
198.896 |
386.995 |
|
(f)
Other current assets |
0.017 |
0.288 |
0.249 |
|
Total
Current Assets |
3149.859 |
1241.365 |
1438.001 |
|
|
|
|
|
|
TOTAL |
4279.007 |
2392.535 |
2354.230 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1301.777 |
1874.896 |
1285.738 |
|
|
|
Other Income |
68.457 |
31.322 |
21.167 |
|
|
|
TOTAL (A) |
1370.234 |
1906.218 |
1306.905 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
186.105 |
244.407 |
284.805 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
2.552 |
169.933 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(1833.655) |
50.076 |
(231.109) |
|
|
|
Employees benefits expense |
227.745 |
238.834 |
213.114 |
|
|
|
Other expenses |
2642.974 |
1172.448 |
806.844 |
|
|
|
Exceptional Items |
0.000 |
0.000 |
6.000 |
|
|
|
TOTAL (B) |
1223.169 |
1708.317 |
1249.587 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
147.065 |
197.901 |
57.318 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
101.332 |
53.287 |
60.550 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
45.733 |
144.614 |
(3.232) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
73.974 |
62.387 |
39.574 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(28.241) |
82.227 |
(42.806) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.267 |
12.520 |
(0.788) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(28.508) |
69.707 |
(42.018) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings [FOB Basis] |
39.370 |
0.872 |
3.178 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
8.252 |
8.198 |
13.516 |
|
|
|
Stores & Spares |
0.499 |
0.721 |
9.283 |
|
|
|
Capital Goods |
9.949 |
0.588 |
40.192 |
|
|
TOTAL IMPORTS |
18.700 |
9.507 |
62.991 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(8.73) |
12.30 |
(12.50) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(2.19) |
3.72 |
(3.27) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
11.30 |
10.56 |
4.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.71) |
3.93 |
(2.06) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.01) |
0.08 |
(0.04) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.32 |
0.49 |
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.21 |
1.15 |
1.18 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
340.138 |
640.415 |
570.415 |
|
Reserves & Surplus |
701.772 |
442.538 |
2083.119 |
|
Net
worth |
1041.910 |
1082.953 |
2653.534 |
|
|
|
|
|
|
Long-term borrowings |
83.263 |
216.583 |
100.000 |
|
Short term borrowings |
449.400 |
316.042 |
762.084 |
|
Total
borrowings |
532.663 |
532.625 |
862.084 |
|
Debt/Equity ratio |
0.511 |
0.492 |
0.325 |
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 |
1285.738 |
1874.896 |
1301.777 |
|
|
|
45.823 |
(30.568) |
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 |
1285.738 |
1874.896 |
1301.777 |
|
Profit/ (Loss) |
(42.018) |
69.707 |
(28.508) |
|
|
(3.27%) |
3.72% |
(2.19%) |
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 |
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 |
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] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION
DETAILS
|
HIGH COURT OF
GUJARAT CIVIL
APPLICATION (FOR ORDERS) No. 12969 of 2014 In FIRST APPEAL / 3657 /
2013 (PENDING) |
|||||||||||||||||||||||||||||||||||||||||||||||||
|
Status:
PENDING (
Converted from : C/CAST/12962/2014 ) CCIN No: 001003201412969 Next Listing Date: 30/01/2015
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
S.NO. |
Name of the
Petitioner |
Advocate On
Record |
|||||||||||||||||||||||||||||||||||||||||||||||
|
1 |
GAIL -INDIA- LIMITED CHIEF MANAGER -MARKETING I-C- |
M/S TRIVEDI & GUPTA for: Petitioner(s) |
|||||||||||||||||||||||||||||||||||||||||||||||
|
S.NO. |
Name of the
Respondant |
Advocate On
Record |
|||||||||||||||||||||||||||||||||||||||||||||||
|
1 |
SHRENO LIMITED ALEMBIC LIMITED |
NANAVATI ASSOCIATES for :Respondent(s) |
|||||||||||||||||||||||||||||||||||||||||||||||
|
Presented On : 18/11/2014
Registered On : 21/11/2014 Bench Category : -- District : VADODARA Case Originated From: THROUGH
HIS/HER/THEIR ADVOCATE Listed : 4 times Stage Name : ADMISSION - CA
Office Details |
|||||||||||||||||||||||||||||||||||||||||||||||||
|
S. No |
Filing Date |
Document Name |
Advocate Name |
Court Fee on
Document |
Document Details |
||||||||||||||||||||||||||||||||||||||||||||
|
1 |
18/11/2014 |
VP FILED IN MAIN MATTER |
M/S TRIVEDI & GUPTA ADVOCATE |
0 |
M/S TRIVEDI
& GUPTA(949) for P:1 - 2 |
||||||||||||||||||||||||||||||||||||||||||||
|
2 |
18/11/2014 |
ADVANCE COPY OF PETITION |
NANAVATI ASSOCIATES ADVOCATE |
0 |
NANAVATI
ASSOCIATES(1375) for R:1 - 2 |
||||||||||||||||||||||||||||||||||||||||||||
|
3 |
18/11/2014 |
MEMO OF APPEAL/PETITION/SUIT |
M/S TRIVEDI & GUPTA ADVOCATE |
20 |
M/S TRIVEDI
& GUPTA(949), for P:1 - 2 |
||||||||||||||||||||||||||||||||||||||||||||
|
Court
Proceedings
|
|||||||||||||||||||||||||||||||||||||||||||||||||
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10525773 |
10/10/2014 |
100,000,000.00 |
YES BANK LIMITED |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIA,, DR. A. B. ROAD, WORLI,, MUMBAI, MAHARASHTRA - 400018, INDIA |
C29599974 |
|
2 |
10414057 |
19/03/2013 |
250,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,, DR. ANNIE BESANT ROAD, WORLI,, MUMBAI,
MAHARASHTRA - |
B71517288 |
|
3 |
10067873 |
12/10/2013 * |
300,000,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL SERVICES BRANCH, 1ST FLOOR, BANK OF BARODA BUILDING, ALKAPURI, VADODARA, GUJARAT - 390007, INDIA |
B87398590 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Working capital loans from banks |
650.000 |
300.000 |
|
Loans and advances from related parties |
0.000 |
1.500 |
|
|
|
|
|
Total |
650.000 |
301.500 |
OPERATIONS:
The total income for the year ended on 31st March, 2014 was
Rs. 1370.234 Millions as compared to Rs. 1906.218 Millions for the previous financial
year ended on 31st March, 2013. The Profit before Depreciation, Interest and
Tax was Rs. 147.065 Millions for the year as compared to Profit of Rs. 197.902
Millions for the previous year. The Net Loss after tax for the year was Rs.
28.508 Millions as compared to the Net Profit of Rs. 69.707 Millions during
previous year.
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Factory equipments
· Furniture and fixtures
· Vehicles
· Aircrafts helicopters
· Motor vehicles
· Office equipment
· Other equipments
· Brands and trade marks
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 records 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 records 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. 63.65 |
|
|
1 |
Rs. 99.14 |
|
Euro |
1 |
Rs. 77.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.