MIRA
INFORM REPORT
|
Report Date : |
15.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
PRS PERMACEL PRIVATE LIMITED (w.e.f.20.08.1999) |
|
|
|
|
Formerly Known
As : |
PERMACEL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
63, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
22.06.1999 |
|
|
|
|
Com. Reg. No.: |
11-120475 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1999PTC120475 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP17560E |
|
|
|
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PAN No.: [Permanent Account No.] |
AABCP4401A |
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|
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|
Legal Form : |
Private Limited Liability Company |
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|
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|
Line of Business
: |
Manufacturing and Trading in Self Adhesives Tapes and Labels. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 600000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
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Litigation : |
Exist |
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|
|
|
Comments : |
Subject is an established company having moderate track record. Rating reflects moderate financial risk profile due to low
profitability. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a quarter
of a century. The data was below an official estimate of 4.9 % annual growth
and compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Subhash |
|
Contact No.: |
91-22-66358333 |
|
Date : |
14.07.2014 |
LOCATIONS
|
Registered Office : |
63, Bombay Samachar Marg, Fort, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-66358333 |
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Fax No.: |
91-22-66358181 |
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E-Mail : |
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|
Website : |
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Sales & Marketing/
Factory : |
Plot No. PL-11/1, MIDC
Additional Ambernath Industrial Area, Ambernath (East), Thane - 421506,
Maharashtra, India |
|
Tel. No.: |
91-251-2620745/
46/ 91-84-22941734/
35/ 36/ 37/ 38 |
|
Fax No.: |
91-251-3082588 |
|
|
|
|
Branch Offices : |
Northern Region 215, Suneja Tower-I, Plot No.7, District Center, Janak Puri, New Delhi – 110008, India |
|
Tel. No.: |
91-11-47616666 |
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Fax No.: |
91-11-47616677 |
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|
|
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Eastern Region : |
Ground Floor,
99/5/8D, Ballygunge Place, Kolkata – 700019, West Bengal, India |
|
Tel. No.: |
91-33-24608562/
24605561 |
|
Fax No.: |
91-33-24608563 |
|
|
|
|
Western Region : |
Safed Pool, Mohile
Village, Andheri Kurla Road, Mumbai - 400072, Maharashtra, India |
|
Tel. No.: |
91-22-28563536 |
|
|
|
|
Southern Region : |
Office No. 5, 2nd Floor,
Ankur Plaza, 52, G.N. Chetty Road, T. Nagar, Chennai 600017, Tamilnadu, India |
|
Tel. No.: |
91-44-28155551/
28153096 |
|
Fax No.: |
91-44-28153208 |
DIRECTORS
AS ON 12.09.2013
|
Name : |
Mr. Nityanand Shekar Shenoy |
|
Designation : |
Managing director |
|
Address : |
3/11 Jagdish Kunj, Rafi Ahmed Kidwai Road, Wadala, Mumbai – 400031,
Maharashtra, India |
|
Date of Birth/Age : |
30.01.1962 |
|
Qualifications : |
B. Tech (ME), MBA |
|
Experience : |
28 Years |
|
Date of Appointment : |
23.03.2009 |
|
DIN No.: |
02624443 |
|
|
|
|
Name : |
Mr. Sushil Kishore Premchand |
|
Designation : |
Director |
|
Address : |
Madhukunj 7
Narayan, Dhabolkar Road, Napean Sea Road, Mumbai – 400006, Maharashtra, India
|
|
Date of Birth/Age : |
27.07.1945 |
|
Qualifications : |
Economics
Graduate, FCA (England and Wales) |
|
Experience : |
46 Years |
|
Date of Appointment : |
05.08.1999 |
|
DIN No.: |
00571485 |
|
|
|
|
Name : |
Mr. Haridas Domba Suvarna |
|
Designation : |
Director |
|
Address : |
Spring Leaf, 4th
Floor, Flat No. 402, |
|
Date of Birth/Age : |
25.01.1959 |
|
Date of Appointment : |
05.08.1999 |
|
DIN No.: |
00063192 |
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|
|
|
Name : |
Mr. Ramakrishna Rajasekharan Nair |
|
Designation : |
Director |
|
Address : |
785, Aavishkar V Cross, IV Block, Koramangala, Bangalore – 560034,
Karnataka, India |
|
Date of Birth/Age : |
02.07.1939 |
|
Date of Appointment : |
30.11.2006 |
|
DIN No.: |
00202551 |
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|
|
|
Name : |
Mr. Viren Bhawanji Dedhia |
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Designation : |
Whole-time director |
|
Address : |
507, Maheshwar
Niketan, Colbad Naka, Thane – 400601, Maharashtra, India |
|
Date of Birth/Age : |
22.03.1961 |
|
Qualifications : |
B. Com, ACA |
|
Experience : |
27 Years |
|
Date of Appointment : |
23.03.2009 |
|
DIN No.: |
02624416 |
|
|
|
|
Name : |
Mr. Inder Pal Singh Khandpur |
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Designation : |
Whole-time director |
|
Address : |
901, Quiescent Heights, Raheja Mindspace Link Road, Malad (West), Mumbai
– 400064, Maharashtra, India |
|
Date of Birth/Age : |
01.11.1953 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
00513985 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 12.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Stock Traders Private Limited, |
|
458980 |
|
Preroy Holding AG, |
|
441000 |
|
Sushil K. Premchand |
|
10 |
|
Haridas D. Suvarna |
|
10 |
|
|
|
|
|
Total |
|
900000 |
AS ON 12.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
49.00 |
|
Bodies
corporate |
51.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading in Self Adhesives Tapes and Labels. |
GENERAL INFORMATION
|
Customers : |
· Tata Motors Fiat Bajaj Hero Bhel Honda Mahindra ABB Siemens Denso Swaraj Suzuki Motonic Piaggio Scomi Jet Airways |
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No. of Employees : |
Not Divulged |
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||||||||||||||||||||||||
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Bankers : |
· ICICI Bank Limited ICICI Bank Towers, Bandra Kurla Complex, Mumbai - 400051, Maharashtra, India · The Saraswat Co-Operative Bank Limited SME Nariman Point Branch, Mittal Court A Wing, 1st Floor, Vidhan Bhavan Marg, Nariman Point, Mumbai - 400021, Maharashtra, India · Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India, Dr. Annie
Besant Road, Worli, Mumbai - 400018, Maharashtra, India |
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Facilities : |
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|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
S.V. Ghatalia and Associates Chartered Accountants |
|
Address : |
14th Floor, The Ruby, 29 Senapati Bapat Marg, Mumbai – 400028,
Maharashtra, India |
|
Tel. No.: |
91-22-61920000 |
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Fax No.: |
91-22-61921000 |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFS6921Q |
|
|
|
|
Holding Company : |
Stock Traders Private Limited, India [U51900MH1937PTC002684] |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
|
8,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 80.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900,000 |
Equity Shares |
Rs. 10/- each |
Rs. 9.000
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 |
9.000 |
9.000 |
9.000 |
|
(b) Reserves & Surplus |
142.229 |
141.928 |
139.331 |
|
(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) |
151.229 |
150.928 |
148.331 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
195.059 |
181.642 |
244.120 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
25.673 |
24.429 |
24.430 |
|
(d) long-term
provisions |
56.102 |
44.923 |
37.153 |
|
Total Non-current
Liabilities (3) |
276.834 |
250.994 |
305.703 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
92.416 |
121.152 |
87.361 |
|
(b)
Trade payables |
126.073 |
129.144 |
116.410 |
|
(c)
Other current liabilities |
160.017 |
150.376 |
103.971 |
|
(d) Short-term
provisions |
3.253 |
3.926 |
5.164 |
|
Total Current
Liabilities (4) |
381.759 |
404.598 |
312.906 |
|
|
|
|
|
|
TOTAL |
809.822 |
806.520 |
766.940 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
485.318 |
502.710 |
474.607 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
5.941 |
0.000 |
1.740 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.025 |
0.025 |
0.025 |
|
(c) Deferred tax assets (net) |
3.766 |
3.766 |
4.139 |
|
(d) Long-term Loan and Advances |
13.922 |
14.080 |
9.776 |
|
(e) Other
Non-current assets |
0.142 |
0.132 |
0.059 |
|
Total Non-Current
Assets |
509.114 |
520.713 |
490.346 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
72.367 |
77.483 |
70.864 |
|
(c)
Trade receivables |
218.299 |
191.467 |
192.463 |
|
(d) Cash
and cash equivalents |
0.066 |
0.225 |
0.249 |
|
(e)
Short-term loans and advances |
9.976 |
16.632 |
13.018 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
300.708 |
285.807 |
276.594 |
|
|
|
|
|
|
TOTAL |
809.822 |
806.520 |
766.940 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
823.566 |
807.319 |
747.894 |
|
|
|
Other Income |
9.692 |
0.344 |
5.651 |
|
|
|
TOTAL |
833.258 |
807.663 |
753.545 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
735.600 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
17.945 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
9.224 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
1.417 |
3.714 |
8.721 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.57 |
4.13 |
9.69 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.17 |
0.46 |
1.16 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
2.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
2.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.90 |
2.01 |
2.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.79 |
0.71 |
0.88 |
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 |
9.000 |
9.000 |
9.000 |
|
Reserves & Surplus |
139.331 |
141.928 |
142.229 |
|
Net
worth |
148.331 |
150.928 |
151.229 |
|
|
|
|
|
|
long-term borrowings |
244.120 |
181.642 |
195.059 |
|
Short term borrowings |
87.361 |
121.152 |
92.416 |
|
Total
borrowings |
331.481 |
302.794 |
287.475 |
|
Debt/Equity ratio |
2.235 |
2.006 |
1.901 |
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 |
747.894 |
807.319 |
823.566 |
|
|
|
7.946 |
2.012 |
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 |
747.894 |
807.319 |
823.566 |
|
Profit |
8.721 |
3.714 |
1.417 |
|
|
1.17% |
0.46% |
0.17% |
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 |
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 |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
LITIGATION DETAILS
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
Lodging No: WPL/1122/2011 Filing Date: 09.06.2011 Reg. No.: WP/1968/2011 Reg. Date: 07.10.2011 |
|
Petitioner: JOHNSON AND JOHNSON EMPLOYEES Respondent: PRS PERMACEL
PVT. LTD., AND ANR Petn. Adv : M/S. SANJAY UDESHI & CO. (598) District: MUMBAI |
|
Bench: SINGLE Status: Admitted(Unready)
Category: WRIT PETITION(LABOUR MATTERS) Last Date: 10.12.2013
Stage: FOR DIRECTION [ORIGINAL SIDE MATTERS] Last Coram: HON’BLE SHRI JUSTICE A.A. SAYED |
|
Act: Industrial Dispute Act, 1947. |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10443348 |
28/06/2013 |
815,000.00 |
ICICI BANK
LIMITED |
ICICI BANK
TOWERS, BANDRA KURLA COMPLEX, MUMBAI, |
B82255043 |
|
2 |
10397150 |
03/01/2013 |
10,000,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME NARIMAN POINT
BRANCH, MITTAL COURT A WING, 1ST FLOOR, VIDHAN BHAVAN MARG, NARIMAN
POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B65946360 |
|
3 |
10273032 |
21/01/2011 |
20,000,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
FORT BRANCH, 379,
SAILOR BUILDING, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B06821870 |
|
4 |
10273047 |
21/01/2011 |
50,000,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
FORT BRANCH, 379
SAILOR BLDG., FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B06822050 |
|
5 |
10222214 |
21/12/2012 * |
340,000,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME NARIMAN
POINT BRANCH, MITTAL COURT A WING, 1ST FLOOR, VIDHAN BHAVAN MARG, NARIMAN
POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B67846907 |
|
6 |
10233826 |
27/07/2009 |
20,000,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
FORT BRANCH,
FORT BRANCH, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A72395148 |
|
7 |
10233823 |
27/07/2009 |
80,000,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
FORT BRANCH, FORT,
MUMBAI, MAHARASHTRA - 400001, INDIA |
A72394703 |
|
8 |
10038821 |
28/12/2012 * |
340,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI,
MAHARASHTRA - 400018, INDIA |
B66565078 |
|
9 |
10031478 |
27/09/2012 * |
160,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI,
MAHARASHTRA - 400018, INDIA |
B62360805 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Other Loans Loans from related party |
140.096 |
100.096 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans from related party |
0.000 |
40.000 |
|
|
|
|
|
Total |
140.096 |
140.096 |
CORPORATE
INFORMATION
Subject was incorporated in India on June 22, 1999. The company is
principally engaged in the manufacturing and trading in self adhesives tapes and
labels. The company is a subsidiary of Stock Traders Private Limited [STPL].
Pursuant to an agreement for the purchase of the Permacel division of
Johnson and Johnson Limited, dated August 10, 1999 between J and J and the
company, the Permacel division was transferred to the company.
OPERATIONS
The Company posted decent growth in Sales and Earnings for the year
ended 31 March 2013. The aggregate of sales and other income of Rs. 833.260
Millions was achieved during the accounting year ended 31.03.2013, reflecting
3.2% growth over previous year. The Company made profit after tax of Rs. 1.420
Millions for the year ended 31.03.2013.
FIXED ASSETS:
· Freehold Land
Leasehold
Land
Buildings
Plant
and Machinery
Furniture
and fixture
Vehicles
Electrical
Installation
Computers
Laboratory
Equipments
Office
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 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. 60.19 |
|
|
1 |
Rs. 103.15 |
|
Euro |
1 |
Rs. 81.87 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.