MIRA
INFORM REPORT
|
Report Date : |
17.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
GHARDA CHEMICALS LIMITED |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
06.03.1967 |
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Com. Reg. No.: |
11-013688 |
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Capital Investment / Paid-up Capital : |
Rs.6.451 Millions |
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CIN No.: [Company
Identification No.] |
U24110MH1967PLC013688 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMG00454G |
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PAN No.: [Permanent
Account No.] |
AAACG1255E |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business : |
Manufacturing and trading of agro chemicals. |
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No. of Employees : |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
A (63) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is established company having good track record. Fundamentals of the company is decent. Financial position of the company
is strong and healthy. Trade relation reported to be fair. Business is active. Payment terms
are reported to be regular and as per commitment. The company can be considered normal 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.
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 |
CRISIL |
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Rating |
Long term rating: AA- |
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Rating Explanation |
High degree of safety and very low credit risk. |
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Date |
09.05.2014 |
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Rating Agency Name |
CRISIL |
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Rating |
Short term rating: A1+ |
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Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
09.05.2014 |
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 DECLINED
MANAGEMENT NON – COOPERATIVE (91-22-33065600)
LOCATIONS
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Registered Office / Head Office : |
48 Hill Road, Bandra (West), Mumbai – 400050, Maharashtra, India |
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Tel. No.: |
91-22-33065600 (30 lines) |
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Fax No.: |
91-22-26404224 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Group European Office : |
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Tel. No.: |
+44 -208-6554103 |
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Fax No.: |
+44-208-6554102 |
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Group U.S Office : |
660, Newtobn, |
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Tel. No.: |
+1 -215-9689474 |
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Fax No.: |
+1 -215-9689474 |
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Factory 1 : |
Dombivali Plant: B-27, Phase I, MIDC, Dombivli (East), District Thane – 421
203, |
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Tel. No.: |
91-251-2440001 / 04 / 5690760 /5690761/5690762 |
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Fax No.: |
91-251-2472777 / 5690770 |
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E-Mail : |
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Factory 2 : |
Lote Plant D-1/2, MIDC, Lote Parshuram, Taluka – Khed, District –
Ratnagiri, |
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Tel. No.: |
91-2356-272252 / 254 /189 / 272018 |
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Fax No.: |
91-2356-272190 |
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E-Mail : |
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Factory 3 : |
Panoli Plant: Plot No. 3525 - 27 GIDC Industrial Estate, Panoli – 394
116, District – Bharuch, |
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Tel. No.: |
91-2646-272152 / 186 / 272575 – 78 / 272186 |
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Fax No.: |
91-2646-272141 |
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E-Mail : |
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Factory 4 : |
Ankleshwar Plant Post Box No. 90, Plot No. 805-806, GIDC Estate, Ankleshwar
– 393 002, |
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Tel. No.: |
91-2646-222271/251472/250305 |
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Fax No.: |
91-2646-250116 |
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E-Mail : |
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Factory 5 : |
Phase II Industrial Estate, Samba-184121, |
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Overseas Office : |
·
115, Obtuse Hill, Tel. No.: + 1 203 740 1600 Fax No.: + 1 203 740 2501 E-Mail: ghardaus@gharda.com
·
Tel No: 215-9689474 Fax No: 215-9689574 Email: ghardaus@gharda.com
·
Tel No: 44-208-6554103 Fax No.: 44-208-6554102
Agrochemicals Holbrook House, 72, Tel. No.:+ 44-208-6554103 Fax No.:+ 44-208-6554102 E-Mail: ghardauk@gharda.com
Polymers Palon International, P. O. Box 4080-2003, EB Haarlem, The Tel. No.: 31 23 5401077 Fax No.: 31 23 5401247 E-Mail: palon@wxs.nl |
DIRECTORS
As on 30.09.2013
|
Name : |
Dr. Hormusji Keki Gharda |
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Designation : |
Managing Director |
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Address : |
48 Hill Road, Bandra (West), Mumbai – 400050, Maharashtra, India |
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Date of Birth/Age : |
25.09.1929 |
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Date of Appointment : |
06.03.1967 |
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Din No.: |
00437172 |
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PAN No.: |
AACPG3153E |
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Name : |
Mrs. Keki Aban Gharda |
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Designation : |
Director |
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Address : |
48 Hill Road, Bandra (West), Mumbai – 400050, Maharashtra, India |
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Date of Birth/Age : |
04.03.1992 |
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Date of Appointment : |
17.09.1986 |
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Din No.: |
00437508 |
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AN No.: |
AACPG3136H |
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Name : |
Mrs. Almitra Hoshang Patel |
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Designation : |
Director |
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Address : |
50 Kothnur, Bagalpur Road, Bangalore- 560 077, Karnataka, India |
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Date of Birth/Age : |
01.03.1936 |
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Date of Appointment : |
24.11.2008 |
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Din No.: |
00960457 |
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Name : |
Mr. Dhananjay Thakorbhai Desai |
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Designation : |
Director |
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Address : |
Nakshatra 3rd Floor, Vajifdar Street, Halar, Valsad-396001, Gujarat, India |
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Date of Birth/Age : |
23.08.1942 |
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Date of Appointment : |
13.08.2007 |
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Din No.: |
00049574 |
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PAN No.: |
ASHPS6428B |
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Name : |
Shenoy Katapadikar Diwakar |
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Designation : |
Whole Time Director |
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Address : |
1004, Awesome Heights, Thunga Village, Andheri, Mumbai-400072, Maharashtra, India |
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Date of Birth/Age : |
23.10.1962 |
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Date of Appointment : |
28.09.2012 |
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Din No.: |
05155840 |
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Name : |
Mr. Nilesh Ashok Kulkarni |
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Designation : |
Whole Time Director |
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Address : |
D-56, Hill Road, Society, Opposite Mehboob Studio, Mumbai – 400050, Maharastra, India |
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Date of Birth/Age : |
13.08.1973 |
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Date of Appointment : |
01.07.2013 |
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Din No.: |
03264622 |
KEY EXECUTIVES
|
Name : |
Mr. Michael Raj |
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Designation : |
Company Secretary
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Address : |
B2 Greenfield Chs Lady Fatima Road Poinsur, Kandivali, Mumbai-400067,
Maharashtra, India |
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Date of Birth/Age : |
26.11.1967 |
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Date of Appointment : |
16.11.2009 |
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Pan No.: |
ADEPA1413G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
NOTE: SHAREHOLDING DETAILS FILE ATTACHED.
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
57.00 |
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Directors or relatives of Directors |
12.00 |
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Other top fifty shareholders |
31.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and trading of agro 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 # |
|
Anilofos |
Tons |
1000 per annum |
-- |
-- |
|
Pesticides, intermediates and weedicides |
Kgs |
-- |
22508000 |
16287739 |
|
Formulations |
Kgs Ltrs |
-- |
2000000 8000000 |
2141292 7741274 |
|
Veterinary drugs |
Kgs |
-- |
50000 |
18752 |
|
Plant nutrients |
Ltrs |
-- |
-- |
152000 |
|
Pigment |
Kgs |
-- |
220000 |
66363 |
|
Third Party Manufacturing |
Ltrs |
-- |
-- |
2579072 |
NOTE:
* As registered with
Director General of Trade and Development. / Secretariat for Industrial
Assistance except for Anilofos and as certified by Management and accepted by
Auditors, being a technical matter. Installed capacity in respect of
multipurpose plants is determined on the basis of product mix, for the year.
# Production excludes captive consumption and samples.
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
· Canara Bank, CSB, Dalamal Tower, Nariman point, CBI BOB, UCO and KVB Member Banks, Mumbai – 400 021, Maharashtra, India ·
State
Bank of India, State Bank Bhavan, Madame Cama Road, Nariman Point,
Mumbai-400021, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountant |
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Address : |
Tower 3, 27-32nd Floor, India Bulls Finance Centre Elphinstone Mill Compound, Senapati Bapat Marg, Mumbai, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFD2337G |
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Subsidiary company: |
· Gujarat Insecticide Limited, India [U24299GJ1980PLC003929] · Gharda Australia Pty Limited, India |
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Holding company: |
· Gharda Medical and Advanced Technologies Foundation, India [U85100MH1991GAT061430] |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150000 |
Equity Shares |
Rs.100/- each |
Rs.15.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
64514 |
Equity Shares |
Rs.100/-
each |
Rs.6.451
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
6.451 |
6.451 |
|
(b) Reserves & Surplus |
|
9222.302 |
8203.674 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
9228.753 |
8210.125 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
58.476 |
49.517 |
|
Total
Non-current Liabilities (3) |
|
58.476 |
49.517 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1045.618 |
1014.451 |
|
(b) Trade payables |
|
1868.712 |
1620.255 |
|
(c) Other current liabilities |
|
593.744 |
489.840 |
|
(d) Short-term provisions |
|
107.278 |
168.394 |
|
Total
Current Liabilities (4) |
|
3615.352 |
3292.940 |
|
|
|
|
|
|
TOTAL |
|
12902.581 |
11552.582 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1898.977 |
1614.355 |
|
(ii) Intangible Assets |
|
28.265 |
36.633 |
|
(iii) Capital work-in-progress |
|
803.676 |
353.146 |
|
(iv) Intangible assets under
development |
|
68.651 |
56.555 |
|
(b) Non-current Investments |
|
96.801 |
96.580 |
|
(c) Deferred tax assets (net) |
|
59.311 |
41.152 |
|
(d) Long-term Loan and Advances |
|
293.701 |
487.204 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
3249.382 |
2685.625 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
4044.978 |
3952.148 |
|
(c) Trade receivables |
|
3766.096 |
3701.237 |
|
(d) Cash and cash equivalents |
|
905.529 |
465.526 |
|
(e) Short-term loans and
advances |
|
504.813 |
450.883 |
|
(f) Other current assets |
|
431.783 |
297.163 |
|
Total
Current Assets |
|
9653.199 |
8866.957 |
|
|
|
|
|
|
TOTAL |
|
12902.581 |
11552.582 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
6.451 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
6990.179 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
6996.630 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
328.485 |
|
|
2] Unsecured Loans |
|
|
199.196 |
|
|
TOTAL BORROWING |
|
|
527.681 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
7524.311 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1629.546 |
|
|
Capital work-in-progress |
|
|
250.715 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
96.508 |
|
|
DEFERREX TAX ASSETS |
|
|
76.541 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
2372.239
|
|
|
Sundry Debtors |
|
|
3236.630
|
|
|
Cash & Bank Balances |
|
|
500.386
|
|
|
Other Current Assets |
|
|
511.032
|
|
|
Loans & Advances |
|
|
664.068
|
|
Total
Current Assets |
|
|
7284.355
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1026.228
|
|
|
Other Current Liabilities |
|
|
579.822
|
|
|
Provisions |
|
|
207.304
|
|
Total
Current Liabilities |
|
|
1813.354
|
|
|
Net Current Assets |
|
|
5471.001
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
7524.311 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
11590.665 |
10582.599 |
9864.357 |
|
|
Other Income |
212.015 |
168.805 |
93.155 |
|
|
TOTAL
(A) |
11802.680 |
10751.404 |
9957.512 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
5486.693 |
5927.939 |
5364.537 |
|
|
Purchases of Stock-in-Trade |
561.598 |
558.194 |
323.912 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
39.368 |
(1395.411) |
(295.871) |
|
|
Employees benefits expense |
1085.653 |
1047.230 |
892.886 |
|
|
Other expenses |
2834.361 |
2657.461 |
2201.199 |
|
|
TOTAL
(B) |
10007.673 |
8795.413 |
8486.663 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
1795.007 |
1955.991 |
1470.849 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
93.791 |
68.717 |
47.651 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1701.216 |
1887.274 |
1423.198 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
476.774 |
323.515 |
305.513 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
1224.442 |
1563.759 |
1117.685 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
168.076 |
312.774 |
236.906 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
1056.366 |
1250.985 |
880.779 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
6753.079 |
4601.863 |
NA |
|
|
TOTAL
EARNINGS |
6753.079 |
4601.863 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
159680.000 |
1024.197 |
|
|
|
Components and Stores parts |
2.095 |
2.617 |
|
|
|
Capital Goods |
59.845 |
27.342 |
|
|
|
TOTAL
IMPORTS |
159741.940 |
1054.156 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
16374.21 |
19390.92 |
13652.52 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
8.95 |
11.64 |
8.85 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.56 |
14.78 |
11.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.31 |
14.21 |
12.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.19 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.11 |
0.12 |
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.67 |
2.69 |
4.02 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
6.451 |
6.451 |
|
Reserves & Surplus |
8203.674 |
9222.302 |
|
Net
worth |
8210.125 |
9228.753 |
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
1014.451 |
1045.618 |
|
Total
borrowings |
1014.451 |
1045.618 |
|
Debt/Equity
ratio |
0.124 |
0.113 |
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 |
9864.357 |
10582.599 |
11590.665 |
|
|
|
7.281 |
9.526 |
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 |
9864.357 |
10582.599 |
11590.665 |
|
Profit |
880.779 |
1250.985 |
1056.366 |
|
|
8.93% |
11.82% |
9.11% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT DIVULGED
|
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
CAST DETAILS
BENCH: BOMBAY
|
Stamp No.:- WPST/16840/2013 Filing
Date:- 20.06.2013 Reg. No.:- WP/8770/2013
Reg. Date:- 21.09.2013 Petitioner:- MAHARASHTRA STATE ELECTRICITY
DISTRICT Respondent:- GHARDA CHEMICALS LIMITED AND ANR - Petn. Adv.:- LITTLE AND COMPANY Res Ad: MANEKSHA AND SETHNA District:- MUMBAI Bench:- SINGLE Status:- Pre – Admission Coram: ACCORDING TO SETTING LIST Stage:-PETITIONS FOR ADMISSION AFTER NOTICE (CIVIL SIDE MATTERS) Last Date:- 20.06.2014 Stage:-PETITIONS FOR ADMISSION AFTER NOTICE (CIVIL SIDE MATTERS) Last Coram: HON’BLE SHRI JUSTICE R M SAVANT Act :- Electricity Supplies Act,
1948 |
NOTE:
Registered office of the company has been shifted from 5/6,
OPERATIONS:
The total revenue from operations for the year ended 31st March, 2013 was Rs.11590.000 Millions reflecting an increase of 9.53% as compared to previous year turnover of Rs.10580.000 Millions. The profit before tax has however decreased to Rs.1224.400 Millions from Rs.1563.700 Millions of the previous year. The lower profits were mainly on account of increase in costs and pressure on margins.
The Company faced many challenges during the year. There was drought in few states whereas in certain states the monsoon was untimely affecting the kharif season.
The performance of the company in the domestic market both in technical sales as well as domestic formulation business has been adversely affected and the company registered drop in sales by 20% in the domestic market.
However, the company registered an increase of 47% in sales in the international business as compared to 2011 -12. The increase in sales was due to rising demand for crop commodities. The rupee depreciation alongwith significant volume growth in key products helped the company to achieve higher values in export market.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90237715 |
30/07/2005 |
35,000,000.00 |
CANARA BANK |
CORPORATE SERVICES
BRANCH - 101 - B, DALMAL TOWER |
- |
|
2 |
90230018 |
01/11/2004 |
380,000,000.00 |
CANARA BANK |
CORPORATE SERVICES
BRANCH, 101; B; WING DALMAL TOWERS; NARIMAN POINT, MUMBAI, MAHARASHTRA -
400021, |
- |
|
3 |
90230012 |
15/10/2004 |
100,000,000.00 |
BANK OF BARODA |
INDUSTRIAL ESTATE
BRANCH, S A MOTOR BLDG, ANKLESH |
- |
|
4 |
90229896 |
26/08/2003 |
20,000,000.00 |
CANARA BANK |
CORPORATE SERVICE
BRANCH; 1ST FLOOR, DALMAL TOWER |
- |
|
5 |
90229853 |
20/03/2003 * |
200,000,000.00 |
THE KARUR VYSYA BANK LIMITED |
KAMANWALA
CHAMABERS; GROUND FLOOR, SIR P.M. ROAD, |
- |
|
6 |
90229731 |
06/12/2001 |
137,500,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE
BRANCH, M.G. ROAD; FORT, MUMBAI |
- |
|
7 |
90229709 |
07/09/2001 |
785,000,000.00 |
CANARA BANK |
CORPORATE SERVICE
BRANCH; 1ST FLOOR; DALAMAL TOWE |
- |
|
8 |
90229609 |
27/09/2000 |
330,000,000.00 |
ICICI LIMITED |
ICICI TOWERS;
BANDRA KURLA COMPLEX, BANDRA EAST, |
- |
|
9 |
90229563 |
27/09/2000 * |
5,000,000,000.00 |
ICICI LIMITED |
BANDRA KURLA COMPLEX,
BANDRA EAST, MUMBAI, MAHARA |
- |
|
10 |
90229491 |
26/08/1999 |
31,000,000.00 |
CANARA BANK |
CORPORATE SERVICES
BRANCH, MAKER TOIWER 'F'; 20 |
- |
* Date of charge modification
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Other loans and advances, others |
139.028 |
133.636 |
|
|
|
|
|
Total |
139.028 |
133.636 |
FIXED ASSETS
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
Intangible assets
· Licenses and franchise
· Licenses
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.103.14 |
|
Euro |
1 |
Rs.81.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
63 |
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.