MIRA
INFORM REPORT
|
Report Date : |
11.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
E I DUPONT INDIA PRIVATE LIMITED |
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Formerly Known
As : |
E I DUPONT INDIA LIMITED |
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Registered
Office : |
7th Floor, Tower C DLF, Cyber Greens, Sector – 25A, DLF City, Phase – III, Gurgaon-122002, Haryana |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
10.12.1998 |
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Com. Reg. No.: |
05-034086 |
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Capital
Investment / Paid-up Capital : |
Rs.561.327
Millions |
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|
CIN No.: [Company Identification
No.] |
U24299HR1998PTC034086 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKE01049G |
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PAN No.: [Permanent Account No.] |
AAACE2462M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in light processing and sale of agricultural chemicals; engineering polymer products, Teflon non stick finishes, Tynex etc. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 13000000 |
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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. Overall financial position of the company is sound and healthy. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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 DECLINED
MANAGEMENT NON – COOEPRATIVE (91-124-4091818)
LOCATIONS
|
Registered / Corporate Office / Sales Office : |
7th Floor, Tower C DLF, Cyber Greens, Sector – 25A, DLF City, Phase – III, Gurgaon – 122 002, Haryana, India |
|
Tel. No.: |
91-124-4091818/ 2540900/ 2540875 to 2540885 |
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Fax No.: |
91-124-2540889 to 2540892/ 2540900 |
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E-Mail : |
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Website : |
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Service Centre: |
Plot No 129 and 132, 6th Floor, DLF Cyber City, APHB Colony, Ganchibowli, Hyderabad - 500 019, Andhra Pradesh, India |
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Factory : |
· Plot No. II, GIDC Industrial Estate, Manjusar Village, Savli Taluka, District Vadodara – 391 775, Gujarat, India Tel. No.: 91-2667-264201/ 664000 Fax No.: 91-2667-264226/ 264214 · Plot No. I, K. V. 1, GIDC Industrial Estate, Allindra Village, Savli Taluka, District Vadodara – 391 775, Gujarat, India Tel No.: 91-2667-666000 Fax No.: 91-2667-264220 ·
·
Plot No. 339, at Zak, Taluka Dehgam, District
Ahemadabad, · Elnet Software City, TSI 40, Block 2 and 9, 3rd Floor, Module 31, Rajiv Gandhi Road, Taramani, Chennai-600 113, Tamilnadu, India |
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Branch Office 1 : |
Chemical Industries, Indian Corporation, Bldg No.62 and 63, Mankoli Naka, Bhiwandi-421303, Maharashtra, India |
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Branch Office 2 : |
10 Floor, 1001-1012, Meadows, Sahar Plaza, Andheri (East),
Mumbai-400059, Maharashtra, India |
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Sales Office : |
Located at ·
Chennai ·
Mumbai ·
Ahmedabad ·
Bangalore ·
Denisco Gurgaon ·
Denisco Mumbai |
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|
|
|
Overseas Office: |
Located at ·
Bangladesh ·
Sri Lanka |
DIRECTORS
As on 20.12.2013
|
Name : |
Mr. Ram Krishna Mudholkar |
|
Designation : |
Executive Director |
|
Address : |
H -37/3, DLF Phase – I, Gurgaon – 122 002, |
|
Date of Birth/Age : |
10.04.1959 |
|
Date of Appointment : |
27.10.2004 |
|
DIN No.: |
00012850 |
|
Name : |
Mr. Homi Cawas Bhedkar |
|
Designation : |
Director |
|
Address : |
C-6, |
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Date of Birth/Age : |
10.12.1948 |
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Date of Appointment : |
14.09.2007 |
|
DIN No.: |
01944969 |
|
Name : |
Mr. Rajinder Sharma |
|
Designation : |
Director |
|
Address : |
1205-B, Beverly Park II, DLF City, Gurgaon-122102, Haryana, India |
|
Date of Birth/Age : |
01.12.1956 |
|
Date of Appointment : |
28.02.2012 |
|
DIN No.: |
00252490 |
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|
|
|
Name : |
Mr. Rajeev Arvind Vaidya |
|
Designation : |
Director |
|
Address : |
AR 707, The Aralias, DLF Golf Links, Gurgaon-122009, Haryana, India |
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Date of Birth/Age : |
04.01.1958 |
|
Date of Appointment : |
28.02.2012 |
|
DIN No.: |
05208166 |
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|
Name : |
Mr. Anurag Srivastava |
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Designation : |
Director |
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Address : |
D-1, Gulrez Exclusive, Raj Bhavan Road, Somajiguda, Hyderabad-500082,
Andhra Pradesh, India |
|
Date of Birth/Age : |
26.07.1961 |
|
Date of Appointment : |
28.02.2002 |
|
DIN No.: |
02591063 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 20.12.2013
|
Names of Shareholders |
|
No. of Shares |
|
Dupont India Limited, USA |
|
55947880 |
|
E I Dupont De Nemours and Company., |
|
184764 |
|
Dupont Far East Inc., |
|
20 |
|
TOTAL
|
|
56132664 |
Equity Share Break up (Percentage of Total Equity)
As on 20.12.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in light processing and sale of agricultural chemicals; engineering polymer products, Teflon non stick finishes, Tynex etc. |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Licensed
Capacity* |
Installed
Capacity* |
Actual
Production |
|
Delrin® Polyacetal Resins |
Tonnes per Annum |
9504 |
9504 |
5768 |
|
Zytel® Polyamide Resins |
Tonnes per Annum |
6384 |
6384 |
4807 |
|
Engineering and
Industrial Products based on Poly Tetra Fluoro Ethylene - Teflon® Non Stick
Finishes |
Kgs per Annum |
300000 |
300000 |
58466 |
|
Synthetic
Monofilament Yarn Polyamide Monofilament- Tynex® (based on
standard up-time on single shift basis) |
Kgs per Annum |
520000 |
520000 |
324139 |
|
Refrigerant Gas
SUVA® |
Kgs per Annum |
120000 |
120000 |
2542 |
|
Performance Coatings
– Refinishes (based on standard up-time on triple shift basis) |
Litres per Annum |
-- |
6960000 |
825820 |
|
Fungicides -
Lannate® and Curzate® |
Tonnes per Annum |
-- |
1750 |
449 |
|
Insecticides -
Avaunt® |
KL per Annum |
-- |
1500 |
426 |
|
Insecticides -
Rynaxypyr® |
KL per Annum |
-- |
2500 |
353 |
NOTE: *As certified by the Management and accepted
by the auditors being a technical matter.
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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|
|
Bankers : |
Not Divulged |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Building 8, 7th and 8th Floor, Tower – B, DLF Cyber City, Gurgaon-122002, Haryana, India |
|
PAN No: |
AAEFP3641G |
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Holding Company : |
DuPont India
Limited, USA |
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Ultimate Holding Company : |
E.I. DuPont De
Nemours and Company Inc |
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Fellow
Subsidiaries:: |
· Antec International Limited United Kingdom · Du Pont (Australia) Limited. Australia · Du Pont (Korea) Inc Korea · Du Pont (Thailand) Limited Thailand · Du Pont Company (Singapore) Pte Limited. Singapore · Du Pont de Nemours (Belgium) BVBA Belgium · Du Pont de Nemours (Deutschland) GmbH Germany · Du Pont de Nemours (Nederland) B.V. Netherlands · Du Pont de Nemours International S.A Switzerland · Du Pont Do Brasil S.a. Brazil · Du Pont Far East (Philippines Branch) Philippines · Du Pont Far East, Inc United States of AmericaDu Pont Kabushiki Kaisha China · Du Pont Taiwan Limited Taiwan · DuPont (Changshu) Fluoro Technology Company, China · DuPont (China) Research and Development Company Limited China · DuPont (New Zealand) Limited New Zealand · DuPont (Shenzhen) Industrial Company Limited China · DuPont 3F Fluorochemicals (Changshu) Company, Limited China · DuPont Agricultural Chemicals Limited China · DuPont Asturias Industrial S.L. Spain · Dupont China Holding Company Limited China · DuPont China Limited China · DuPont de Nemours (Luxembourg) SARL Luxembourg · Dupont Filaments - Americas, LLC United States of America · Dupont Filaments Europe, BV Nederland · DuPont International Operations Sarl Europe · DuPont Malaysia SDN BHD Malaysia · DuPont Mexico S.A. de C.V. Mexico · DuPont Performance Coatings (Shanghai) Company China · DuPont Performance Coatings Austria GmbH Austria · DuPont Agricultural Caribe Industries Limited. Puerto Rico · DuPont Holographincs Inc. United States of America · DuPont Pakistan Operations (Pvt.)Limited Pakistan · DuPont Performance Coatings GmbH and Company United States of America · DuPont Performance Elastomers B.V. Nederland · DuPont Surfaces (Guangzhou) Company Limited. China · DuPont Titanium Technology (Taiwan) Company Taiwan · Dupont Trading (Shanghai) Company Limited China · DuPont Vietnam Company Limited Vietnam · DuPont Xingda Filaments Company Limited China · E.I. du Pont Canada Company Canada · E.I. DuPont Services Centre India Private Limited India · Liqui-Box Corporation United States of America · PHI Seeds Limited India · Pioneer Overseas Corporation India · PT DuPont Agricultural Products Indonesia Indonesia · Solae Company India Private Limited India · DuPont Apollo Limited China · Coastal Training Technologies India Private Limited India · Electronic Materials Du Pont Dongguan Limited China · Du Pont Products S.A. Switzerland · Du Pont Apollo (Shenzhen) Limited China · Danisco US Inc. US · Axalta Coating Systems India Private Limited (formerly known as DuPont Performance Coatings India Private Limited) India · Axalta Coating Systems Belgium BVBA Belgium · Danisco India Private Limited India · DuPont -MRC Company Limited India · DuPont Lanka Private Limited SriLanka · DuPont SA DE CV Latin America |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000000 |
Equity Shares |
Rs.10/- each |
Rs.2500.000 Millions |
|
500000 |
Preferences Shares |
Rs.100/- each |
Rs.50.000 Millions |
|
|
Total
|
|
Rs.2550.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
56132664 |
Equity Shares |
Rs.10/- each
|
Rs.561.327
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 |
561.327 |
561.327 |
561.327 |
|
(b) Reserves & Surplus |
2729.458 |
3725.394 |
2771.088 |
|
(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) |
3290.785 |
4286.721 |
3332.415 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
652.380 |
609.300 |
536.617 |
|
(b) Deferred tax liabilities
(Net) |
175.849 |
209.958 |
174.590 |
|
(c) Other long term
liabilities |
8.450 |
8.928 |
11.113 |
|
(d) long-term provisions |
72.880 |
54.681 |
43.963 |
|
Total
Non-current Liabilities (3) |
909.559 |
882.867 |
766.283 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
3406.507 |
2380.334 |
2056.563 |
|
(b) Trade payables |
6024.734 |
7652.487 |
7117.318 |
|
(c) Other current liabilities |
389.260 |
321.511 |
281.323 |
|
(d) Short-term provisions |
105.812 |
122.635 |
27.376 |
|
Total
Current Liabilities (4) |
9926.313 |
10476.967 |
9482.580 |
|
|
|
|
|
|
TOTAL |
14126.657 |
15646.555 |
13581.278 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3638.596 |
3654.001 |
2827.843 |
|
(ii) Intangible Assets |
0.545 |
58.705 |
136.735 |
|
(iii) Capital work-in-progress |
1053.999 |
338.475 |
489.870 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
184.628 |
670.367 |
559.982 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
4877.768 |
4721.548 |
4014.430 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3627.091 |
4527.784 |
3787.324 |
|
(c) Trade receivables |
4843.100 |
5326.917 |
4710.213 |
|
(d) Cash and cash equivalents |
27.513 |
137.369 |
294.087 |
|
(e) Short-term loans and
advances |
631.789 |
740.794 |
655.255 |
|
(f) Other current assets |
119.396 |
192.143 |
119.969 |
|
Total
Current Assets |
9248.889 |
10925.007 |
9566.848 |
|
|
|
|
|
|
TOTAL |
14126.657 |
15646.555 |
13581.278 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
25760.250 |
26076.140 |
21579.990 |
|
|
Other Income |
325.370 |
17.410 |
97.080 |
|
|
TOTAL
|
26085.620 |
26093.550 |
21677.070 |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
|
|
|
|
Purchases of Stock-in-Trade |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
24736.580 |
24363.470 |
19154.970 |
|
|
Employees benefits expense |
|
|
|
|
|
Other expenses |
|
|
|
|
|
TOTAL
|
24736.580 |
24363.470 |
19154.970 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1040.106 |
1730.080 |
2522.100 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
34.326 |
305.870 |
254.980 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
1005.780 |
1424.210 |
2267.120 |
|
|
|
|
|
|
|
|
TAX |
272.890 |
469.900 |
739.780 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
732.890 |
954.306 |
1527.736 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3569.120 |
2614.820 |
105.250 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
0.000 |
|
|
Proposed Dividend |
148.752 |
0.000 |
(841.990) |
|
|
Dividend Tax on Proposed
Dividend |
24.131 |
0.000 |
(139.840) |
|
|
Balance
Carried to the B/S |
2573.190 |
3569.130 |
2614.420 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Export Earnings |
|
|
1073.22 |
|
|
Commission Earnings |
|
|
517.127 |
|
|
Service Income |
|
|
1254.605 |
|
|
TOTAL
EARNINGS |
NA |
NA |
2844.952 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials, packing
materials, stores, spares and consumables |
6062.213 |
6088.986 |
5306.817 |
|
|
Traded goods |
8127.729 |
456.854 |
0.000 |
|
|
Capital Goods |
644.925 |
143.462 |
130.406 |
|
|
TOTAL
IMPORTS |
14834.867 |
6689.302 |
5437.223 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
13.06 |
17.00 |
27.22 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.81 |
3.66 |
7.05 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.90 |
5.46 |
10.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.69 |
9.30 |
17.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.33 |
0.68 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.23 |
0.70 |
0.78 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.93 |
1.04 |
1.01 |
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 |
561.327 |
561.327 |
561.327 |
|
Reserves & Surplus |
2771.088 |
3725.394 |
2729.458 |
|
Net
worth |
3332.415 |
4286.721 |
3290.785 |
|
|
|
|
|
|
long-term borrowings |
536.617 |
609.300 |
652.380 |
|
Short term borrowings |
2056.563 |
2380.334 |
3406.507 |
|
Total
borrowings |
2593.180 |
2989.634 |
4058.887 |
|
Debt/Equity
ratio |
0.778 |
0.697 |
1.233 |
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 |
21579.990 |
26076.140 |
25760.250 |
|
|
|
20.835 |
(1.211) |
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 |
21579.990 |
26076.140 |
25760.250 |
|
Profit |
1527.736 |
954.306 |
732.890 |
|
|
7.08% |
3.66% |
2.85% |
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 |
-- |
|
23] |
Banking Details |
No |
|
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 |
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
PERFORMANCE REVIEW:
DuPont India ended the year with almost flat revenue from operations as compared to previous year. This is mainly on account of DPC separation otherwise company would have witnessed Growth in the financials. Biggest contributor to their Growth is Crop Protection business. There are few SBUs facing pricing pressure due to changed economic conditions but they are hopeful to recover in coming years. They have set up two new offices, one in Ahmedabad and second one in Bangalore as part of ?Go Where Growth Is strategy. Customer centric approach and Key Account relationships are really helping the company to position itself as solutions provider contributing to the growth. Marketing and Channel strategies is helping the company to create a value proposition for the customer leading to the increased revenue. There are multiple projects going on within the company which would bring the sustainable growth in the years to come.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Foreign currency term loans from others |
652.380 |
609.300 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from others |
3406.507 |
2380.334 |
|
Total |
4058.887 |
2989.634 |
CONTINGENT
LIABILITIES:
(i) Claims against the company not acknowledged as debts:
- Demands from Government authorities, being contested by the Company
a) Income tax matters 680.704 Millions
b) Sales tax matters 9.575 Millions
c) Excise and customs matters 1.424 Millions
- Other legal matters 11.687 Millions
(ii) Guarantees issued by the Company to banks for loan taken by others (to the extent of loan guaranteed to the bank) 562.045 Millions
FIXED ASSETS
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Leasehold improvements
Intangible assets
· Computer software
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.59.88 |
|
|
1 |
Rs.102.59 |
|
Euro |
1 |
Rs.81.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
46 |
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.