MIRA
INFORM REPORT
|
Report Date : |
12.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAX SIGNAGE INDUSTRIES PRIVATE LIMITED (26.12.2011) |
|
|
|
|
Formerly Known
As : |
AMPROCHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
R-407, TTC Industrial Area, Rabale, Navi Mumbai – 400701, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
31.01.1990 |
|
|
|
|
Com. Reg. No.: |
11-055272 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.995 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1990PTC055272 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA3814F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Printing and Allied Products
and Related Consumables. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The company possesses an average financial profile marked by adequate
networth base along with slightly stretched liquidity position as evident
from augmenting payables, increase in debtor days and inventory holding
period which resulted in modest gearing levels in FY 13. Management has witnessed a growth in its sales volume and has reported
a reasonable turnover during the year under review. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. In view of experienced promoters and wide spread presence of the
subject with pan India distribution network, it can be considered for
business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities : “BBB-”
(Structured Obligation) |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
20.03.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities : “A3”
(Structured Obligation) |
|
Rating Explanation |
Moderate degree of safety and high credit
risk. |
|
Date |
20.03.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Abhijit |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-251-2696926 |
|
Date : |
11.07.2014 |
LOCATIONS
|
Registered Office/ Factory 1 : |
R-407, TTC Industrial Area, Rabale, Navi Mumbai – 400701, Maharashtra,
India |
|
Tel. No. : |
91-22-27640233 |
|
Fax No. : |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 2 : |
A-11, Badlapur Ind Area, Opposite State Bank of India, Kulgaon –
Badlapur, Badlapur (East), Thane – 421503, Maharashtra, India |
|
Tel. No.: |
91-251-2696926 |
|
|
|
|
Branch Offices : |
Located
at Ahmedabad Hyderabad Guwahati Delhi Rajkot Surat Bnagalore Indore Jalgaon Fort, Mumbai Mumbai Nagpur Nasik Pune Thane Mohali Chennai Kolkata Cochin Coimbatore Madurai |
DIRECTORS
As on 16.09.2013
|
Name : |
Mr. Hitesh Rajnikant Jobalia |
|
Designation : |
Director |
|
Address : |
Flat No. A/101, Simla House, Neapeansea Road, Mumbai – 400036,
Maharashtra, India |
|
Date of Birth/Age : |
12.12.1965 |
|
Date of Appointment : |
12.12.2007 |
|
DIN No. : |
01545443 |
|
|
|
|
Name : |
Mr. Nimesh Navinchandra Shah |
|
Designation : |
Director |
|
Address : |
105/A, Simla House, 51/B, Nepean Sea Road, Mumbai – 400036, Maharashtra,
India |
|
Date of Birth/Age : |
02.04.1964 |
|
Date of Appointment : |
12.12.2007 |
|
DIN No. : |
00153366 |
KEY EXECUTIVES
|
Name : |
Mr. Abhijit |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 16.09.2013
|
Names of Shareholders |
No. of Shares |
|
Max Flex and Imaging Systems Limited, India |
1117099 |
|
Hitesh Jobalia |
1 |
|
Total |
1117100 |
Allottee as on 31.01.2014
|
Names of Allottee |
No. of Shares |
|
Max Flex and Imaging Systems Limited, India |
28680 |
|
Total |
28680 |
As on 16.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Printing and Allied Products
and Related Consumables. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
· South Africa Dubai |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Credit |
|
|
|
|
Purchasing : |
L/C and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
|
|
|
|
Industrial Chemicals |
Ltr |
1146241 |
|
|
|
|
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· State Bank of India, Backbay Reclamation Branch, Raheja Chamber, Nariman Point, Mumbai - 400021, Maharashtra, India Jankalyan Sahakari Bank Limited, 140, Sindhi Society,
Chembur, Mumbai - 400071, Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
NOTE LONG TERM
BORROWINGS The term loan from bank were taken in financial year 2010-2011 which carries interest at 19.40% per annum. The loan is repayable in 60 monthly installments of Rs. 834,000 beginning from October 2011. The loan is secured by pari passu charge on the plant and machinery of the Company. The term loan from bank and Financial Institutions were taken between financial year 2009-2010 to 2010-2011 which carries interest between 12% to 18% per annum. The loan is repayable in monthly installments ranging from Rs.16,950 to Rs.28,327 over the period of 3 to 5 years. The loan is secured by underlying vehicles of the Company. SHORT TERM
BORROWINGS Cash credit from banks carry interest ranging between
16.50% to 18.50% computed on a Monthly basis on the actual amount utilised,
and are repayable on demand. These are secured by hypothecation of
inventories of finished goods and Trade Receivables, both present and future
and personal guarantee of Directors. |
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
SBICAP Trustee Company Limited, 202, Maker Tower 'E',
Cuffe Parade, Colaba, Mumbai - 400005, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Company Chartered Accountants |
|
Address : |
Lodha Excelus, 1st Floor, Apollo Mills Compound, N M Joshi Marg, Mahalaxmi, Mumbai, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAIFB7357B |
|
|
|
|
Name : |
D. Kothary and Company Chartered Accountants |
|
Address : |
75/76, C Wing, 7th Floor, Mittal Court, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFD2013L |
|
|
|
|
Holding Company : |
Max Flex and Imaging Systems Limited, India CIN No.: U92112MH2002PLC137690 |
|
|
|
|
Associate : |
Max Apollo Flex Digital Limited, India CIN No.: U74120MH2010PLC207491 |
CAPITAL STRUCTURE
After 16.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,200,000 |
Equity Shares |
Rs.10/- each |
Rs. 12.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,145,780 |
Equity Shares |
Rs.10/- each |
Rs. 11.458 Millions |
|
|
|
|
|
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,200,000 |
Equity Shares |
Rs.10/- each |
Rs. 12.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
999,500 |
Equity Shares |
Rs.10/- each |
Rs. 9.995 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 |
9.995 |
9.995 |
9.145 |
|
(b) Reserves & Surplus |
113.576 |
103.527 |
12.060 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
124.679 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
248.250 |
113.522 |
21.205 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
26.605 |
39.840 |
50.027 |
|
(b) Deferred tax liabilities (Net) |
7.737 |
6.182 |
3.479 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.374 |
1.947 |
0.000 |
|
Total Non-current Liabilities (3) |
36.716 |
47.969 |
53.506 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
50.847 |
52.473 |
50.605 |
|
(b) Trade payables |
216.782 |
120.364 |
148.575 |
|
(c) Other current
liabilities |
41.035 |
21.499 |
61.817 |
|
(d) Short-term provisions |
4.586 |
0.557 |
3.546 |
|
Total Current Liabilities (4) |
313.250 |
194.893 |
264.543 |
|
|
|
|
|
|
TOTAL |
598.216 |
356.384 |
339.254 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
155.270 |
136.513 |
116.878 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
15.492 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.082 |
0.082 |
0.082 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
18.667 |
21.859 |
21.726 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
189.511 |
158.454 |
138.686 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
92.672 |
67.524 |
21.451 |
|
(c) Trade receivables |
300.317 |
112.615 |
159.880 |
|
(d) Cash and cash
equivalents |
5.815 |
10.098 |
10.156 |
|
(e) Short-term loans and
advances |
9.887 |
7.122 |
5.712 |
|
(f) Other current assets |
0.014 |
0.571 |
3.369 |
|
Total Current Assets |
408.705 |
197.930 |
200.568 |
|
|
|
|
|
|
TOTAL |
598.216 |
356.384 |
339.254 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
886.798 |
786.363 |
|
|
|
Other Income |
|
1.109 |
0.476 |
|
|
|
TOTAL (A) |
967.174 |
887.907 |
786.839 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
124.604 |
33.104 |
|
|
|
Purchase of Stock-in-Trade |
|
740.159 |
697.808 |
|
|
|
Changes in inventories of Stock-in-Trade |
|
(43.038) |
1.152 |
|
|
|
Employees benefits expense |
|
13.636 |
8.968 |
|
|
|
Other expenses |
|
17.144 |
9.414 |
|
|
|
TOTAL (B) |
923.517 |
852.505 |
750.446 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
43.657 |
35.201 |
36.393 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
21.390 |
23.684 |
18.595 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
22.267 |
11.517 |
17.798 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.927 |
5.397 |
1.215 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
15.340 |
6.120 |
16.583 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.291 |
3.903 |
5.637 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
10.049 |
2.217 |
10.946 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
5.206 |
2.032 |
3.160 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.05 |
2.42 |
12.36 |
|
|
Particulars |
|
|
31.03.2014 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
1000.000 |
|
|
|
|
|
The above information has been parted by Mr. Abhijit (Accounts
Executive).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.04 |
0.25 |
1.39 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
0.69 |
2.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.63 |
1.72 |
4.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.05 |
0.78 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.31 |
0.81 |
4.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30 |
1.02 |
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 |
9.145 |
9.995 |
9.995 |
|
Reserves & Surplus |
12.060 |
103.527 |
113.576 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
124.679 |
|
Net
worth |
21.205 |
113.522 |
248.250 |
|
|
|
|
|
|
long-term borrowings |
50.027 |
39.840 |
26.605 |
|
Short term borrowings |
50.605 |
52.473 |
50.847 |
|
Total
borrowings |
100.632 |
92.313 |
77.452 |
|
Debt/Equity
ratio |
4.746 |
0.813 |
0.312 |
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) |
|
Total Income |
786.839 |
887.907 |
967.174 |
|
|
|
12.845 |
8.927 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
786.839 |
887.907 |
967.174 |
|
Profit |
10.946 |
2.217 |
10.049 |
|
|
1.39% |
0.25% |
1.04% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
10.850 |
12.149 |
58.454 |
|
|
|
|
|
|
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 |
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 |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10484682 |
21/03/2014 |
4,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
C00439786 |
|
2 |
10257336 |
29/03/2014 * |
338,900,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION
BRANCH, RAHEJA CHAMBER, NARIM |
C03982626 |
|
3 |
10091088 |
02/02/2008 |
115,300,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION BRANCH, RAHEJA CHAMBER, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
A33414087 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Rupee term loans from others |
0.000 |
2.401 |
|
Total |
0.000 |
2.401 |
|
NOTE Loan from Max Apollo Flex Digital Private Limited
(Unsecured) The loan from the Associate company were taken in the financial
year 2010-2011 which carries no interest. |
||
BUSINESS
ACTIVITIES:
The financial year 2012-2013, the company has achieved a gross sales turnover of Rs.1029.000 Millions compared to Rs.939.000 Millions in the previous year. During the financial year, the Company has gained a profit before tax of Rs.15.300 Millions.
FIXED ASSETS
Tangible Assets
· Land
Buildings
Plant
and Equipment
Furniture
and Fixtures
Vehicles
Motor
Vehicles
Office
Equipment
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 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.60.19 |
|
|
1 |
Rs.103.15 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
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 |
|
44 |
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.