MIRA INFORM REPORT
|
Report Date : |
02.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
KRYFS POWER COMPONENTS LIMITED (w.e.f. 09.06.2006) |
|
|
|
|
Formerly Known
As : |
KRYFS LAMINATIONS LIMITED (w.e.f. 01.06.2006) KRYFS LAMINATIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Aza House, 3rd Floor, 24 Turner Road , Bandra (West),
Mumbai –
400050, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.03.1991 |
|
|
|
|
Com. Reg. No.: |
11-060602 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 83.333 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209MH1991PLC060602 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK10554F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK2791F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of transformer tanls, pressure vessels and CNC machines. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track. There seems sharp dip in the profit of the company during 2013 however,
networth of the company is satisfactory. General financial position of the
company is good. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct and as per commitment. 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 – 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
NEWS
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = A- |
|
Rating Explanation |
Adequate degree of safety. It carry low credit risk. |
|
Date |
December 27, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
December 27, 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED BY
|
Name : |
Mr. Sameer Mogal |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-67859999 |
|
Date : |
30.06.2014 |
LOCATIONS
|
Registered Office / Corporate office:: |
Aza House, 3rd Floor, 24 Turner Road , Bandra (West),
Mumbai –
400050, Maharashtra, India |
|
Tel. No.: |
91 22 - 6785 9999 |
|
Fax No.: |
91 22 - 6785 9988 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory |
Located At :
|
DIRECTORS
AS ON 30.09.2013
|
Name : |
Qurelshl Fakhruddin Saifuddin |
|
Designation : |
Managing Director |
|
Address : |
1101 Daigo 'D',
Sherly Rajan Road, Bandra (West), Mumbai - 400 050, Maharashtra, India |
|
Date Of Birth/Age : |
12.05.1964 |
|
Date of Appointment : |
05.03.1991 |
|
Voter ID No. : |
MT/08/036/195568 |
|
PAN No.: |
AAAPQ0313J |
|
DIN No. : |
00098955 |
|
|
|
|
Name : |
Mr. Qureishi Saifuddin Rauzat |
|
Designation : |
Whole Time Director |
|
Address : |
1101 Daigo 'D',
Sherly Rajan Road, Bandra (West), Mumbai - 400 050, Maharashtra, India |
|
Date Of Birth/Age : |
01.03.1967 |
|
Date Of Appointment : |
30.09.1999 |
|
Voter ID No. : |
MT/08/036/196459 |
|
PAN No.: |
AAAPQ0618C |
|
DIN No. : |
00098990 |
|
|
|
|
Name : |
Mr. Nanda Madanlal Rakesh |
|
Designation : |
Director |
|
Address : |
Naviivan Commercial Bluldlng 3, 'A' Wing 9th Floor. Office No.20,
Mumbai Central (East) Mumbai - 400 008. Maharashtra, India |
|
Date Of Birth/Age : |
07.08.1962 |
|
Date Of Appointment : |
18.05.2006 |
|
DIN No. : |
00208359 |
|
|
|
|
Name : |
Mr. Asher Khatau Sanjay |
|
Designation : |
Director |
|
Address : |
32 Mod - 1
Street. Next To Gpo. Fort, Mumbai - 400 001 Maharashtra, India |
|
Date Of Birth/Age : |
26.11.1964 |
|
Date Of Appointment : |
18.05.2006 |
|
DIN No. : |
00008221 |
|
|
|
|
Name : |
Mr. Shizuka Hayashi |
|
Designation : |
Nominee Director |
|
Address : |
4-39-2-102t,
A Magawa Setagayaku, Tokyo - 1580094 |
|
Date Of Birth/Age : |
15.10.1957 |
|
Date Of Appointment : |
18.05.201 |
|
DIN No. : |
03316927 |
KEY EXECUTIVES
|
Name : |
Mr. Sameer Mogal |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Name
of Shareholders |
No.
of Shares |
|
|
4,235,942 |
|
|
2,363,882 |
|
Kulsum Fakhruddin Qureishi |
675,113 |
|
Rauzat Saifuddin Qureishi |
204,879 |
|
Yasmin Minhaz Karachiwala |
20,000 |
|
Karachiwala Shabbir Minhaz |
84 |
|
Shireen Saifuddin Qureishi |
100 |
|
Toyoto Tsusho Corporation,
Tokyo |
833,333 |
|
|
|
|
Total |
8,333,333 |
AS ON 20.11.2013
|
Name
of Allottee |
No.
of Shares |
|
|
520,833 |
|
|
|
|
Total |
520,833 |
AS ON 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
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 |
10.00 |
|
Directors or relatives of Directors |
90.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of transformer tanls, pressure vessels and CNC machines. |
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Products : |
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GENERAL INFORMATION
|
Customers : |
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No. of Employees : |
Information declined by the management. |
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|
Bankers : |
·
Bank of India, Oriental Building, 364,D.N.Road,
Mumbai - 400023, Maharashtra, India ·
Citi Bank |
|||||||||||||||
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|
|
|||||||||||||||
|
Facilities : |
Note : Working Capital
limits in consortium from Bank of India and Citi Bank are secured as follows :
Principal - 1st Pari-passu charge on current assets. Collateral a) 1st Pari-
passu charge on fixed assets at Silvassa and Palghar includin movable plant
and machinery/capital work in process by way of EM & hyothecation. b) 1st
Pari-passu (EM) charge on Office Premises at 302, 24 Turner Road, (CTS No
F/979), Bandra owned by company. c) 1st Pari-passu (EM) charge on industrial
land at kherdi in S Nos '231/1,231/2/1,231/2/2,231/3' owned by the company.
d) 1st Pari-passu (EM) charge on factory land and building in S
No. 193/1/1/2 at Kherdi owned by the company. Guarantee - Personal guarantee
of Mr F. B. Qureishi and Mr S. F. Qureishi. Citi Bank Pari-passu charge on
present and future stocks and book debts of the company. Par |
|
|
|
|
Banking
Relations : |
- |
|
|
|
|
Auditors : |
|
|
Name : |
Asutosh and Pankaj Chartered Accountants |
|
Address : |
914 A, Sagar Tech Plaza, Sakinaka Junction, Andheri (East),
Mumbai-400072, India |
|
PAN No.: |
AAOFA9042Q |
|
|
|
|
Associate : |
|
|
|
|
|
Subsidiary
company : |
|
CAPITAL STRUCTURE
AFTER 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14150000 |
Equity Shares |
Rs.10/- each |
Rs.141.500 Millions |
|
850000 |
|
Rs.10/- each |
Rs.8.500 Millions |
|
|
Total |
|
Rs.150.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8,854,166 |
Equity Shares |
Rs.10/- each |
Rs. 88.542 Millions |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14150000 |
Equity Shares |
Rs.10/- each |
Rs.141.500 Millions |
|
850000 |
|
Rs.10/- each |
Rs.8.500 Millions |
|
|
Total |
|
Rs.150.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8333333 |
Equity Shares |
Rs.10/- each |
Rs.83.333 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 |
83.333 |
88.235 |
88.235 |
|
(b) Reserves & Surplus |
1,521.291 |
1,522.326 |
1,413.805 |
|
(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) |
1,604.624 |
1,610.561 |
1,502.040 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
64.438 |
53.653 |
50.034 |
|
(c) Other long term
liabilities |
2.444 |
1.866 |
2.395 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.258 |
|
Total
Non-current Liabilities (3) |
66.882 |
55.519 |
52.687 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
229.499 |
468.524 |
96.823 |
|
(b) Trade payables |
901.518 |
868.591 |
621.878 |
|
(c) Other current liabilities |
144.146 |
64.026 |
74.245 |
|
(d) Short-term provisions |
17.765 |
13.663 |
13.580 |
|
Total
Current Liabilities (4) |
1,292.928 |
1,414.804 |
806.526 |
|
|
|
|
|
|
TOTAL |
2,964.434 |
3,080.884 |
2,361.253 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
670.269 |
489.739 |
505.648 |
|
(ii) Intangible Assets |
1.165 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
34.623 |
83.506 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
32.612 |
|
(b) Non-current Investments |
7.979 |
10.401 |
15.353 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
70.381 |
0.000 |
15.703 |
|
(e) Other Non-current assets |
31.122 |
28.592 |
4.399 |
|
Total
Non-Current Assets |
815.539 |
612.238 |
573.715 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
503.931 |
478.863 |
349.216 |
|
(c) Trade receivables |
1,392.996 |
1,698.401 |
1,243.066 |
|
(d) Cash and cash equivalents |
16.444 |
71.862 |
55.090 |
|
(e) Short-term loans and
advances |
28.996 |
37.750 |
140.166 |
|
(f) Other current assets |
206.528 |
181.770 |
0.000 |
|
Total
Current Assets |
2,148.895 |
2,468.646 |
1,787.538 |
|
|
|
|
|
|
TOTAL |
2,964.434 |
3,080.884 |
2,361.253 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
4,369.600 |
4,727.434 |
4,080.773 |
|
|
Other Income |
19.808 |
16.990 |
38.979 |
|
|
TOTAL
(A) |
4,389.408 |
4,744.424 |
4,119.752 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
3,798.165 |
3,957.257 |
3,212.550 |
|
|
Purchases of Stock-in-Trade |
40.601 |
77.065 |
153.645 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(78.831) |
(19.750) |
8.230 |
|
|
Employees benefits expense |
132.709 |
118.768 |
92.488 |
|
|
Exceptional Items |
84.154 |
93.920 |
0.000 |
|
|
Other expenses |
267.279 |
269.183 |
197.685 |
|
|
TOTAL
(B) |
4,244.077 |
4,496.443 |
3,664.598 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
145.331 |
247.981 |
455.154 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
65.287 |
42.170 |
47.181 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
80.044 |
205.811 |
407.973 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
49.275 |
42.672 |
40.714 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
30.769 |
163.139 |
367.259 |
|
|
|
|
|
|
|
Less |
TAX
(H) |
17.021 |
54.618 |
124.607 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H)
(I) |
13.748 |
108.521 |
242.652 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
991.734 |
539.595 |
372.572 |
|
|
TOTAL
EARNINGS |
991.734 |
539.595 |
372.572 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
3,118.317 |
3,291.086 |
2,334.396 |
|
|
Components and Stores parts |
1.479 |
3.888 |
0.895 |
|
|
Capital Goods |
43.359 |
15.096 |
1.646 |
|
|
TOTAL
IMPORTS |
3,163.155 |
3,310.070 |
2,336.937 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
|
|
|
Basic |
1.73 |
1.73 |
2.75 |
|
|
Diluted
|
1.67 |
0.00 |
0.00 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.31 |
2.29 |
5.89 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.70 |
3.45 |
9.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.05 |
5.46 |
15.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.10 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.14 |
0.29 |
0.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.66 |
1.74 |
2.22 |
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 |
88.235 |
88.235 |
83.333 |
|
Reserves & Surplus |
1,413.805 |
1,522.326 |
1,521.291 |
|
Net
worth |
1,502.040 |
1,610.561 |
1,604.624 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
96.823 |
468.524 |
229.499 |
|
Total
borrowings |
96.823 |
468.524 |
229.499 |
|
Debt/Equity
ratio |
0.064 |
0.291 |
0.143 |
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) |
|
Revenue from operations |
4,080.773 |
4,727.434 |
4,369.600 |
|
|
|
15.847 |
(7.569) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
4,080.773 |
4,727.434 |
4,369.600 |
|
Profit/(Loss) After Tax |
242.652 |
108.521 |
13.748 |
|
|
5.95% |
2.30% |
0.31% |
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 |
No |
|
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 |
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 |
Yes |
|
33] |
Voter
ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External
Agency Rating, if available |
Yes |
OPERATING RESULTS AND BUSINESS:
For the year ended
31st March 2013, the company earned total net income of Rs 4369.600 Millions (Gross
income of Rs 4844.130 Millions) as compared to previous year Rs 4727.434
Millions (Gross income Rs 5206.115 Millions). The Profit before Taxes was Rs
30.771 Millions as compared to previous year Rs 163.139 Millions.
During the
financial year the Dispatch of CRGO/Cores/Laminations increased in quantity
terms by 7.32 % from 33837 MT (previous year) to 31529 MT.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10040414 |
06/09/2013 * |
1,950,000,000.00 |
BANK OF INDIA |
ORIENTAL
BUILDING, 364,D.N.ROAD, MUMBAI - 400023, MAHARASHTRA , INDIA |
B88470315 |
|
2 |
90152593 |
25/01/2007 * |
855,000,000.00 |
BANK OF INDIA |
MUMBAI LARGE
CORPORATE BRANCH, BANK OF INDIA BLDG. |
- |
|
3 |
90153355 |
20/02/2004 * |
62,000,000.00 |
BANK OF INDIA |
MUMBAI CORPORATE
BANKING BRANCH, BANK OF INDIA BL |
- |
|
4 |
90152500 |
25/01/2007 * |
855,000,000.00 |
BANK OF INDIA |
MUMBAI LARGE
CORPORATE BRANCH, BANK OF INDIA BLDG. |
A10076438 |
|
5 |
90153352 |
18/01/1999 * |
62,000,000.00 |
BANK OF INDIA |
MUMBAI CORPORATE
BANKING BRANCH, 70/80; M.G. ROAD; FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
6 |
90152989 |
08/02/1994 |
288,000.00 |
BOMBAY
MERCANTILE CO-OP. BANK LTD. |
MAULANA AZAD
ROAD BRANCH, BOMBAY, MAHARASHTRA - 400008, INDIA |
- |
* Date of charge
modification
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- 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 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.60.14 |
|
|
1 |
Rs.102.83 |
|
Euro |
1 |
Rs.82.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
49 |
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.