MIRA INFORM REPORT
|
Report Date : |
10.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
AKRY ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-318, Ahura Centre, |
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Country : |
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|
Financials (as
on) : |
31.03.2013 |
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|
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Date of
Incorporation : |
08.04.1993 |
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Com. Reg. No.: |
11-071527 |
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Capital
Investment / Paid-up Capital : |
Rs.3.300
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1993PTC071527 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA20203B |
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|
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PAN No.: [Permanent Account No.] |
AAACA6005E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing,
Trading and Selling of Glycols (Chemicals). |
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|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2248600 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company is good. Networth of the
company is healthy. Trade relations are reported as fair. Business is active. Payments terms
are reported to be usually correct and as per commitment. The company can be considered for normal 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 |
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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.
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 : |
Mr. Pratik Kamlesh Sanghavi |
|
Designation : |
Whole-time Director |
|
Contact No.: |
91-9820361615 |
LOCATIONS
|
Registered Office : |
A-318, Ahura Centre, 82 Mahakali Caves Road, Andheri (East), Mumbai
-400093, Maharashtra, India |
|
Tel. No.: |
91-22-30863372/ 30863356 |
|
Mobile No.: |
91-9820361615 (Mr. Pratik Kamlesh Sanghavi) |
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Fax No.: |
91-22-30863350 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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|
|
Factory : |
Plot No. 20 and 21, MIDC, Tarapur, Boisar, Palghar – 401506, Thane,
Maharashtra, India |
|
Tel. No.: |
91-2525-324455 |
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Fax No.: |
91-2525-274452 |
|
|
|
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Branch Office 1 : |
302, Parshva Chambers, 17/21 Issaji Street, Vadgadi, Mumbai – 400003,
Maharashtra, India |
|
Tel. No.: |
91-22-32552336 |
|
Fax No.: |
91-22-23447472 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Kamlesh Ramanlal Sanghavi |
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|
Designation : |
Managing Director |
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|
Address : |
Anupam, 10 Ansari Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
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|
Date of Birth/Age : |
16.05.1953 |
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Qualification : |
B.Sc. |
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Experience : |
28 Years |
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Date of Appointment : |
08.04.1993 |
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PAN No.: |
AAFPS9315P |
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DIN No.: |
01095263 |
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Other
Directorship :
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Name : |
Mrs. Daksha Kamlesh Sanghavi |
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Designation : |
Director |
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|
Address : |
Anupam, 10 Ansari Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
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|
Date of Birth/Age : |
09.07.1958 |
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Date of Appointment : |
12.06.1993 |
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PAN No.: |
AAFPS9314P |
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DIN No.: |
01095274 |
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Other
Directorship :
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||||||||||||||||||||||||||||||||
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Name : |
Mr. Mitul Kamlesh Sanghavi |
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|
Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||
|
Address : |
Anupam, 10 Ansari Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
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Date of Birth/Age : |
29.11.1980 |
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Date of Appointment : |
01.04.2004 |
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PAN No.: |
AKJPS2266F |
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DIN No.: |
01095282 |
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Other
Directorship :
|
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|
Name : |
Mr. Pratik Kamlesh Sanghavi |
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|
Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||
|
Address : |
Anupam, 10 Ansari Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
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Date of Birth/Age : |
23.01.1984 |
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Date of Appointment : |
01.01.2006 |
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PAN No.: |
ARCPS5470M |
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DIN No.: |
01095287 |
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Other
Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Equity Shares |
No. of
Preferences Shares |
|
Kamlesh Ramanlal Sanghavi |
120000 |
500 |
|
Daksha Kamlesh Sanghavi |
110000 |
49000 |
|
Mitul Kamlesh Sanghavi |
25000 |
500 |
|
Pratik Kamlesh Sanghavi |
25000 |
-- |
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|
|
|
|
TOTAL
|
280000 |
50000 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing,
Trading and Selling of Glycols (Chemicals). |
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Glycols |
Kgs |
NA |
30000000 |
19776480 |
|
|
|
|
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|
Note:
a) The Licensed and Installed Capacities are as certified by the Management
and relied upon by the Auditors being a technical matter.
b) Actual production includes for captive consumption of 2600625 (2512985)
Kgs of Finished Goods and excluding production of Finished and Semi Finished
Goods 17220 (13020) Kgs processed by third parties.
GENERAL INFORMATION
|
No. of Employees : |
250 (Approximately) |
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Bankers : |
· State Bank of India, 70/80, M G Road, Mumbai – 400023, Maharashtra, India · The Hongkong and Shanghai Banking Corporation Limited, 52/60, Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra, India · Citi Bank N.A., Bandra-Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India · The Ratnakar Bank Limited, Shahupuri, Kolhapur, Kolhapur - 416001, Maharashtra, India · Standard Chartered Bank, 90, M G Road, Fort, Mumbai – 40001, Maharashtra, India · Bank of India, Mumbai Mid Corporate Branch, 70/80, M.G. Road, Bank of India Building, Mezzanine Floor, Fort, Mumbai - 400001, Maharashtra, India · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India · Commonwealth Bank of America, Level 2, Hoechst House, Nariman Point, Mumbai – 400021, Maharashtra, India · ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Garg And Company Chartered Accountants |
|
Address : |
413/415, Hind Rajasthan Building, Dada Saheb Phalke Road, Dadar
(East), Mumbai – 400028, Maharashtra, India |
|
Tel. No.: |
91-22-24112575 |
|
PAN No: |
AABPG4441L |
|
|
|
|
Other Related Parties : |
·
Crest Chemicals ·
Akry Rasayan ·
Efforts Chemicals ·
Authentic Petro Products Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
700000 |
Equity Shares |
Rs.10/- each |
Rs.7.000 Millions |
|
50000 |
Preferences Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
TOTAL
|
|
Rs.7.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
280000 |
Equity Shares |
Rs.10/- each |
Rs.2.800
Millions |
|
50000 |
Preferences Shares |
Rs.10/- each |
Rs.0.500
Million |
|
|
TOTAL |
|
Rs.3.300 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 |
3.300 |
2.800 |
2.800 |
|
(b) Reserves &
Surplus |
558.859 |
465.855 |
436.602 |
|
(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) |
562.159 |
468.655 |
439.402 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
130.013 |
163.987 |
205.541 |
|
(b) Deferred tax
liabilities (Net) |
24.402 |
6.010 |
7.371 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
154.415 |
169.997 |
212.912 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
628.747 |
554.014 |
295.604 |
|
(b) Trade payables |
285.004 |
213.140 |
152.325 |
|
(c) Other current
liabilities |
225.660 |
126.387 |
133.952 |
|
(d) Short-term provisions |
1.049 |
0.868 |
0.694 |
|
Total Current Liabilities
(4) |
1140.460 |
894.409 |
582.575 |
|
|
|
|
|
|
TOTAL |
1857.034 |
1533.061 |
1234.889 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
433.680 |
138.515 |
139.397 |
|
(ii) Intangible Assets |
1.372 |
0.431 |
0.199 |
|
(iii) Capital
work-in-progress |
31.377 |
319.660 |
212.851 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
29.121 |
30.122 |
31.667 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
15.731 |
11.328 |
35.442 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
511.281 |
500.056 |
419.556 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.752 |
0.762 |
27.102 |
|
(b) Inventories |
852.391 |
628.486 |
422.703 |
|
(c) Trade receivables |
328.549 |
256.457 |
214.794 |
|
(d) Cash and cash
equivalents |
0.423 |
0.710 |
7.708 |
|
(e) Short-term loans and
advances |
163.632 |
146.587 |
142.997 |
|
(f) Other current assets |
0.006 |
0.003 |
0.029 |
|
Total Current Assets |
1345.753 |
1033.005 |
815.333 |
|
|
|
|
|
|
TOTAL |
1857.034 |
1533.061 |
1234.889 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
180.265 |
62.820 |
140.844 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
38.867 |
18.929 |
21.468 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
141.398 |
43.891 |
119.376 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
48.391 |
14.639 |
44.645 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) AFTER
TAX |
93.007 |
29.252 |
74.731 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
461.780 |
432.528 |
357.797 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
0.002 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
554.785 |
461.780 |
432.528 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
139.763 |
170.420 |
|
|
|
Freight recovered on Sales |
|
4.083 |
7.238 |
|
|
TOTAL EARNINGS |
252.751 |
143.846 |
177.658 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
536.727 |
413.096 |
382.520 |
|
|
|
Trading Goods |
0.000 |
0.000 |
24.874 |
|
|
|
Consumables |
0.000 |
0.000 |
1.807 |
|
|
TOTAL IMPORTS |
536.727 |
413.096 |
409.201 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
281.84 |
1044.71 |
2669.00 |
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
2.800 |
2.800 |
3.300 |
|
Reserves & Surplus |
436.602 |
465.855 |
558.859 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Net
worth |
439.402 |
468.655 |
562.159 |
|
|
|
|
|
|
long-term borrowings |
205.541 |
163.987 |
130.013 |
|
Short term borrowings |
295.604 |
554.014 |
628.747 |
|
Total
borrowings |
501.145 |
718.001 |
758.760 |
|
Debt/Equity
ratio |
1.141 |
1.532 |
1.350 |
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 |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10449648 |
07/09/2013 |
115,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
B85247377 |
|
2 |
10439955 |
29/07/2013 * |
140,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B81235954 |
|
3 |
10444561 |
24/05/2013 * |
90,000,000.00 |
THE RATNAKAR
BANK LIMITED |
SHAHUPURI,
KOLHAPUR, KOLHAPUR - 416001, MAHARASHTRA, INDIA |
B83582445 |
|
4 |
10346583 |
07/03/2012 |
100,000,000.00 |
INDUSIND BANK
LIMITED |
GROUND FLOOR, HOTEL
PANCHMAHAL CHOMPLEX, KODIALBAIL, MANGALORE - 575003, KARNATAKA, INDIA |
B36669620 |
|
5 |
10308104 |
31/08/2011 |
38,000,000.00 |
CITIBANK N.A. |
8TH FLOOR,
NIRLON KNOWLEDGE PARK, BLOCK NO.B-7, OFF WESTERN EXPRESS HIGHWAY, GOREGAON
(E), MUMBAI 400063, MAHARASHTRA, INDIA |
B21429162 |
|
6 |
10330031 |
31/07/2013 * |
120,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI -
400063, MAHARASHTRA - |
B82678228 |
|
7 |
10274980 |
21/03/2011 |
150,000,000.00 |
STANDARD
CHARTERED BANK |
90, M G ROAD,
FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
B08855603 |
|
8 |
10266947 |
17/01/2011 |
176,000,000.00 |
DBS BANK LIMITED |
221, FORT HOUSE,
3RD FLOOR, D.N.ROAD, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
B05496203 |
|
9 |
10232845 |
06/08/2010 |
40,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND
FLOOR, G BLOCK, PLOT NO. C 60, B ANDRA KURLA COMPLEX, BANDRA (E), MUMBAI
- 400051, MAHARASHTRA, INDIA |
A91029652 |
|
10 |
10150597 |
25/06/2013 * |
150,000,000.00 |
DBS BANK LIMITED |
3RD FLOOR, FORT
HOUSE, DR. D N ROAD, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
B78512662 |
|
11 |
10056896 |
29/07/2011 * |
120,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B18194464 |
* Date of charge modification
NOTE:
The Registered office of the company has been shifted from 302, Parshva Chambers,
17/21, Issaji Street, Vadgadi, Mumbai - 400003, Maharashtra, India to
the present address w.e.f.07.04.2010
UNSECURED LOAN
|
Particulars |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
Deferred payment liabilities |
45.938 |
49.767 |
|
Loans and advances from related parties |
9.699 |
2.351 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
Loans repayable on demand |
28.861 |
22.626 |
|
TOTAL
|
84.498 |
74.744 |
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.59.73 |
|
|
1 |
Rs.102.36 |
|
Euro |
1 |
Rs.81.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
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.