MIRA
INFORM REPORT
|
Report Date : |
01.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
3D TECHNOPACK LIMITED (w.e.f. 30.05.2005 ) |
|
|
|
|
Formerly Known
As : |
VORA CORK INDUSTRIES PRIVATE LIMITED VORA PACKAGING LIMITED VORA PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
306, Jaswanti Landmark, Mehra Compound, L.B.S. Road, Vikhroli (West),
Mumbai – 400079, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
05.09.1986 |
|
|
|
|
Com. Reg. No.: |
11-040844 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 436.630 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29100MH1986PLC040844 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMV09679F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV0142R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Seamless Plastic Tubes, Capsules
Specifiques. |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1400000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
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Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s weak financial risk
profile marked by continuous accumulated losses incurred over a year and
below average financial performance of the company. However, trade relations are fair. Business is active. Payment terms
are slow. The company can be considered for business dealing with some caution. |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year
before. A sharp fall in gold imports due to restrictions on overseas purchases
and muted import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward Brown.
Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top 10 of
the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two. While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
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
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Ms. Anushree Naik |
|
Designation : |
Finance Head |
|
Contact No.: |
91-9820775853 |
|
Date : |
30.06.2014 |
LOCATIONS
|
Registered Office : |
306, Jaswanti Landmark, Mehra Compound, L.B.S. Road, Vikhroli (West),
Mumbai – 400079, Maharashtra, India |
|
Tel. No.: |
91-22-61805310 / 5300 |
|
Mobile No.: |
91-9820775853 (Mr. Anushree Naik) |
|
Fax No.: |
91-22-61805318 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Factory : |
449/6, Masat Industrial Estate, Masat, Silvassa, UT of Dadra and Nagar
Havelli – 396 230, India |
|
Tel. No.: |
91-260-2640062/ 2640191 |
|
Fax No.: |
91-260-2640191 |
DIRECTORS
As on: 24.12.2013
|
Name : |
Mr. Bharat Bhagwandas Kewalramani |
|
Designation : |
Managing Director |
|
Address : |
252-A, |
|
Date of Birth/Age : |
03.03.1960 |
|
Qualification: |
M.B.A( |
|
Date of Appointment : |
27.02.2008 |
|
DIN No : |
00772687 |
|
|
|
|
Name : |
Mr. Manoj Tarachand Mohanka |
|
Designation : |
Director |
|
Address : |
9, Loveloc Palace, 4th Floor, Flat No. 4C, Kolkata – 700
019, West Bengal, India |
|
Date of Birth/Age : |
05.03.1963 |
|
Qualification: |
BCOM(HONS) Master Of Science(strategic Marketing) |
|
Date of Appointment : |
31.03.2003 |
|
DIN No : |
00128593 |
|
|
|
|
Name : |
Mrs. Dipika Roy |
|
Designation : |
Director |
|
Address : |
252, Maker Tower A, Cuffe Parade, Mumbai – 400 005, |
|
Date of Birth/Age : |
14.01.1961 |
|
Qualification: |
M.A. |
|
Date of Appointment : |
31.03.2003 |
|
DIN No : |
00323761 |
|
|
|
|
Name : |
Mr. Manish Gupta |
|
Designation : |
Director |
|
Address : |
101, Buena Vista, St. Alexius Road, Off. Turner Road, Bandra (West),
Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
03.10.1973 |
|
Qualification: |
BE, MBA |
|
Date of Appointment : |
16.08.2012 |
|
DIN No : |
00604556 |
|
|
|
|
Name : |
Mr. Cyrus Adi Bagwadia |
|
Designation : |
Director |
|
Address : |
A – 10, Rustom Baug, Byculla, Mumbai – 400 027, |
|
Date of Birth/Age : |
24.01.1947 |
|
Qualification: |
B. Tech in Polymers, MBA |
|
Date of Appointment : |
10.11.2008 |
|
DIN No : |
01565989 |
|
|
|
|
Name : |
Mr. Alok Chandra Misra |
|
Designation : |
Director |
|
Address : |
B2, Regency Bliss, 10, Cornwell Road, Langford Gardens, Bangalore –
560025, Karnataka, India |
|
Date of Birth/Age : |
05.11.1966 |
|
Qualification: |
B.Com, FCA |
|
Date of Appointment : |
16.08.2012 |
|
DIN No : |
01542028 |
KEY EXECUTIVES
|
Name : |
Ms. Anushree Naik |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 24.12.2013
|
Names of Shareholders |
|
No. of Shares |
|
Virtual Machine Limited, |
|
18643251 |
|
Rakesh Jhunjhunwala |
|
16334521 |
|
Manile Limited, |
|
1777198 |
|
Ariana Kewalramani |
|
1767295 |
|
Adil Siraj Zainulbhai |
|
891354 |
|
MBCV Holdings Limited, |
|
783573 |
|
Payal Mohanka |
|
776207 |
|
Alok Chandra Mishra |
|
347829 |
|
Manoj Mohanka |
|
350000 |
|
Siddharth Sinha |
|
255000 |
|
Siddharth Sinha |
|
245788 |
|
Mrunal Mohanka |
|
237843 |
|
Sunil Pophale |
|
165137 |
|
F.A. Hancock |
|
148202 |
|
Adil and Makduda Zainulbhai |
|
132135 |
|
Utpal Sheth |
|
132135 |
|
Manish Gupta |
|
123333 |
|
Rajendra Tibrewala |
|
116519 |
|
Vera Cyrus Bagwadia / Cyrus Adi Bagwadia |
|
100000 |
|
Sandeep Singhal / Anjali Bansal |
|
72600 |
|
Anuradha Tondon |
|
58254 |
|
Abhigram Shares and Securities Private Limited, India |
|
50722 |
|
Bhagwan Kewalramani / Monini Kewalramani |
|
40717 |
|
Caption Investments Training company Private limited, India |
|
40700 |
|
Manish Gupta / Kavita Gupta |
|
27000 |
|
Sandeep Singhal |
|
23788 |
|
Max Burger |
|
23705 |
|
Azeem Adil Zainulbhai |
|
12872 |
|
|
|
|
|
Total |
|
43677678 |
As on: 26.04.2014
|
Names of Shareholders |
|
No. of Shares |
|
Manile Limited, |
|
2065909 |
|
Alok Chandra Mishra |
|
17065 |
|
Adil Siraj Zainulbhai |
|
43730 |
|
Adil Sirak and Makduda Zainulbhai |
|
6483 |
|
Azeem Adil Zainulbhai |
|
631 |
|
Bharat Kewalramani |
|
10 |
|
Dipika Roy |
|
10 |
|
Kumar Ashar |
|
10 |
|
Anushree Naik |
|
10 |
|
Shilpa Zope |
|
10 |
|
Margaret Banzi |
|
10 |
|
|
|
|
|
Total |
|
2133878 |
Equity Share Break up (Percentage of Total Equity)
As on: 24.12.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
50.09 |
|
Bodies corporate |
|
0.21 |
|
Directors or relatives of directors |
|
8.63 |
|
Other |
|
41.07 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Seamless Plastic Tubes, Capsules
Specifiques. |
|
|
|
|
Exports : |
|
|
Products : |
·
Finished Goods |
|
Countries : |
·
Europe ·
Dubai |
|
|
|
|
Imports : |
|
|
Products : |
Not Divulged |
|
Countries : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers
International:
·
Oriflamme ·
Super Drug ·
VIP ·
Acteams ·
BCM ·
Home Institute ·
Jarden De ·
V G Emballege ·
La Parle ·
Benefit ·
The Unilever Group Local : ·
Hindustan Unilever Limited ·
L’oreal Limited ·
Sara Lee Limited ·
Marico Limited ·
ITC Limited ·
Sami Labs Limited ·
E.Merck ·
Win Medicare ·
Cipla Limited ·
Wockhardt Limited ·
Sami lbs Limited ·
Pidilite Industries Limited ·
Esdee Paints Limited ·
Asain Paints |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
400 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· Ing Vysya Bank Limited, 804/A, Ground Floor, Ghamat Lodge, Dr. Ambedkar Road, Tt Terminus, Dadar East, Mumbai - 400014, Maharashtra, India · The Saraswat Co-Operative Bank Limited, Matuga East Branch, Pioneer High School Building, Telang Road, Matunga (East) (Cr), Mumbai - 400019, Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Contractor, Nayak and Kishnadwala Chartered Accountants |
|
Address : |
501-502, Narain Chambers, M. G. Road, Vile (East), Mumbai – 400057, Maharashtra, India |
|
PAN No.: |
AACFC8587E |
|
|
|
|
Holding Company : |
Inox Boats and Machinery Private Limited |
|
|
|
|
Fellow Subsidiaries : |
3D Packaging F.Z.E. Saif Zone Sharjah (Wholly owned subsidiary of the
company) |
CAPITAL STRUCTURE
As on: 24.12.2013
Authorised Capital : Rs. 460.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 457.969
Millions
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46000000 |
Equity Shares |
Rs.10/- each |
Rs. 460.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
43677678 |
Equity Shares |
Rs.10/- each |
Rs. 436.777
Millions |
|
|
Less: Calls in Arrears
|
|
Rs. 0.147
Million |
|
|
Total |
|
Rs. 436.630 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
436.630 |
367.042 |
323.174 |
|
(b) Reserves & Surplus |
(84.911) |
(42.548) |
(9.332) |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
13.770 |
40.000 |
|
Total Shareholders’ Funds (1) + (2) |
351.719 |
338.264 |
353.842 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
72.554 |
139.428 |
155.197 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
7.835 |
7.260 |
4.951 |
|
Total Non-current
Liabilities (3) |
80.389 |
146.688 |
160.148 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
156.111 |
118.116 |
59.970 |
|
(b)
Trade payables |
63.899 |
47.190 |
61.374 |
|
(c) Other
current liabilities |
125.906 |
143.598 |
104.571 |
|
(d) Short-term
provisions |
3.441 |
5.630 |
5.335 |
|
Total Current
Liabilities (4) |
349.357 |
314.534 |
231.250 |
|
|
|
|
|
|
TOTAL |
781.465 |
799.486 |
745.240 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
511.986 |
584.613 |
425.442 |
|
(ii)
Intangible Assets |
3.086 |
3.702 |
0.000 |
|
(iii)
Capital work-in-progress |
0.078 |
0.000 |
42.430 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.026 |
0.026 |
0.026 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
13.882 |
14.392 |
97.321 |
|
(e) Other
Non-current assets |
2.054 |
4.021 |
4.108 |
|
Total Non-Current
Assets |
531.112 |
606.754 |
569.327 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
75.645 |
54.716 |
64.109 |
|
(c)
Trade receivables |
138.115 |
114.801 |
91.151 |
|
(d) Cash
and cash equivalents |
14.517 |
4.401 |
7.484 |
|
(e)
Short-term loans and advances |
15.190 |
11.173 |
9.200 |
|
(f)
Other current assets |
6.886 |
7.641 |
3.969 |
|
Total
Current Assets |
250.353 |
192.732 |
175.913 |
|
|
|
|
|
|
TOTAL |
781.465 |
799.486 |
745.240 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
648.791 |
539.240 |
515.358 |
|
|
Other Income |
9.451 |
5.463 |
1.697 |
|
|
TOTAL (A) |
658.242 |
544.703 |
517.055 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
362.703 |
290.673 |
296.625 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(10.369) |
4.022 |
(5.020) |
|
|
Employees benefits
expense |
88.308 |
84.456 |
70.829 |
|
|
Other expenses |
116.337 |
119.326 |
110.972 |
|
|
TOTAL (B) |
556.979 |
498.477 |
473.406 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
101.263 |
46.226 |
43.649 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
42.430 |
38.363 |
29.689 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
58.833 |
7.863 |
13.960 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
100.636 |
96.691 |
77.758 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
(41.803) |
(88.828) |
(63.798) |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
(41.803) |
(88.828) |
(63.798) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
NA |
(354.261) |
(290.463) |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
NA |
(443.089) |
(354.261) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
60.748 |
68.683 |
58.001 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(0.96) |
(2.59) |
(2.07) |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
720.000 |
|
|
|
|
|
The above information has been parted by Ms. Anushree Naik
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(6.35) |
(16.31) |
(12.34) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(6.44) |
(16.47) |
(12.38) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.35) |
(11.11) |
(9.08) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.12) |
(0.26) |
(0.18) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.65 |
0.76 |
0.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.72 |
0.61 |
0.76 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
323.174 |
367.042 |
436.630 |
|
Reserves & Surplus |
(9.332) |
(42.548) |
(84.911) |
|
Share Application money
pending allotment |
40.000 |
13.770 |
0.000 |
|
Net worth |
353.842 |
338.264 |
351.719 |
|
|
|
|
|
|
long-term borrowings |
155.197 |
139.428 |
72.554 |
|
Short term borrowings |
59.970 |
118.116 |
156.111 |
|
Total borrowings |
215.167 |
257.544 |
228.665 |
|
Debt/Equity ratio |
0.608 |
0.761 |
0.650 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
515.358 |
539.240 |
648.791 |
|
|
|
4.634 |
20.316 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
515.358 |
539.240 |
648.791 |
|
Profit |
(63.798) |
(88.828) |
(41.803) |
|
|
(12.38)% |
(16.47)% |
(6.44)% |
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 four 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 |
Yes |
|
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 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Short term
borrowings |
|
|
|
Loans and advances from related parties |
30.500 |
26.797 |
|
|
|
|
|
Total |
30.500 |
26.797 |
OPERATIONS:
The Company has performed satisfactory during the year. In a highly competitive business environment, the Company achieved higher turnover of Rs. 658.241 millions as compare to Rs. 544.702 millions in previous year. During the year company has managed to reduce 50% losses. Also management is in the process of minimizing the losses and expenditure of the company.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10334174 |
17/12/2011 |
8,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
MATUGA EAST BRANCH, PIONEER HIGH SCHOOL BLDG, TELANG ROAD, MATUNGA (EAST)(CR), MUMBAI, MAHARASHTRA - 400019, INDIA |
B31520802 |
|
2 |
10334372 |
16/12/2011 |
35,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
MATUGA EAST BRANCH, PIONEER HIGH SCHOOL BLDG, TELANG ROAD, MATUNGA (EAST)(CR), MUMBAI, MAHARASHTRA - 400019, INDIA |
B31606684 |
|
3 |
10316283 |
01/10/2011 |
217,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
MATUGA EAST BRANCH, PIONEER HIGH SCHOOL BLDG, TELANG ROAD, MATUNGA (EAST)(CR), MUMBAI, MAHARASHTRA - 400019, INDIA |
B24795825 |
|
4 |
10317079 |
27/09/2011 |
10,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
MATUGA EAST BRANCH, PIONEER HIGH SCHOOL BLDG, TELANG ROAD, MATUNGA (EAST)(CR), MUMBAI, MAHARASHTRA - 400019, INDIA |
B25092701 |
|
5 |
10351488 |
28/09/2010 |
2,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
MATUGA EAST BRANCH, PIONEER HIGH SCHOOL BLDG, TELANG ROAD, MATUNGA (EAST)(CR), MUMBAI, MAHARASHTRA - 400019, INDIA |
B13621842 |
|
6 |
10247580 |
07/09/2010 |
10,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
MATUGA EAST BRANCH, PIONEER HIGH SCHOOL BLDG, TELANG ROAD, MATUNGA (EAST)(CR), MUMBAI, MAHARASHTRA - 400019, INDIA |
A97256465 |
|
7 |
10247584 |
07/09/2010 |
105,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
MATUGA EAST BRANCH, PIONEER HIGH SCHOOL BLDG, TELANG ROAD, MATUNGA (EAST)(CR), MUMBAI, MAHARASHTRA - 400019, INDIA |
A97256622 |
|
8 |
10205773 |
27/12/2011 * |
130,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
MATUGA EAST BRANCH, PIONEER HIGH SCHOOL BLDG, TELANG ROAD, MATUNGA (EAST)(CR), MUMBAI, MAHARASHTRA - 400019, INDIA |
B31521115 |
|
9 |
10363149 |
10/02/2010 |
72,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
MATUGA EAST BRANCH, PIONEER HIGH SCHOOL BLDG, TELANG ROAD, MATUNGA (EAST)(CR), MUMBAI, MAHARASHTRA - 400019, INDIA |
B37044740 |
|
10 |
10182087 |
21/10/2009 |
39,780,440.00 |
POLYTYPE SA |
26 ROUTE DE LA GLANE, CASEPOSTALE 1184, FRIBOURG, - 1701, SWITZERLAND |
A71867485 |
* Date of charge modification
FIXED ASSETS:
- Buildings
- Leasehold Improvement
- Air Conditioning System
- Plant and Machinery
- Moulds, Tools and Dies
- Generator Set
- Electric Installations
- Equipment
- Computers
- Furniture
- Vehicle
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other official
proceeding for making any prohibited payments or other improper payments to
government officials for engaging in prohibited transactions or with designated
parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.10 |
|
|
1 |
Rs. 102.32 |
|
Euro |
1 |
Rs. 82.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared by
: |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.