MIRA
INFORM REPORT
|
Report Date : |
17.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROOP POLYMERS LIMITED |
|
|
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Registered
Office : |
1st Floor, |
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|
Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
20.05.1996 |
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|
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Com. Reg. No.: |
55-079003 |
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Capital
Investment / Paid-up Capital : |
Rs. 76.771
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101DL1996PLC079003 |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACR5365C |
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Rubber and Plastic for Auto Components. |
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No. of Employees
: |
2000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2850000 |
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|
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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 a satisfactory track record. Financial position of the company seems to be decent. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered normal 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.
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term Bank facilities = BBB |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
December 16, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Bank facilities = A3+ |
|
Rating Explanation |
Have moderate degree of safety and carry higher
credit risk. |
|
Date |
December 16, 2013 |
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 : |
Ms. Pooja Nirmal |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-124-4610801 |
|
Date : |
14.07.2014 |
LOCATIONS
|
Registered Office : |
1st Floor, Hasan Building, Near
Minerva Cinema, Kashmere Gate, Delhi - 110006,
India |
|
Tel No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office/ Factory 1 : |
Plot No.30, IMT, Sector-3, Manesar, Gurgaon - 122002, Haryana,
India |
|
Tel. No.: |
91-124-4610801/ 899/ 4610856 |
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Fax No.: |
91-124-4369692 |
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E-Mail : |
|
|
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Head Office/ Factory 2 : |
27 and 28, IDC, Mehravli Road, Gurgaon - 122006, Haryana,
India |
|
Tel. No.: |
91-124-5081970/ 2362936-37/ 22622027-28/ 5084096 |
|
Fax No.: |
91-124-2362836/ 2327403 |
|
E-Mail : |
|
|
Area : |
2500 sq. ft. |
|
Location : |
Owned |
|
|
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Factory 3 : |
68, Roz-Ka-Meo Industrial Area, Sohna, Gurgaon, Haryana, India |
|
Area : |
1000 sq. ft. |
|
Location : |
Owned |
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|
|
|
Overseas Offices: |
Located At: ·
·
|
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Anil Jain |
|
Designation : |
Managing director |
|
Address : |
Plot No. 614, Sector 15-I, Urban Estate, Gurgaon - 122001, Haryana,
India |
|
Date of Birth/Age : |
01.05.1955 |
|
Qualification : |
B.SC and Diploma in Rubber Technology |
|
Date of Appointment : |
20.05.1996 |
|
PAN No.: |
AAPPJ6358K |
|
DIN No.: |
00046879 |
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|
|
|
Name : |
Mr. Hitesh Jain |
|
Designation : |
Whole-time director |
|
Address : |
H N 730, Sector – 15, Part-II, Urban Estate, Gurgaon
– 122001, Haryana,
India |
|
Date of Birth/Age : |
15.05.1959 |
|
Qualification : |
B.SC and Diploma in Rubber Technology |
|
Date of Appointment : |
20.05.1996 |
|
PAN No.: |
AAPPJ6360D |
|
DIN No.: |
00046850 |
|
|
|
|
Name : |
Mr. Mohit Oswal |
|
Designation : |
Whole-time director |
|
Address : |
House No. 103-L, New Colony, Gurgaon – 122001, Haryana,
India |
|
Date of Birth/Age : |
28.08.1965 |
|
Date of Appointment : |
01.06.2013 |
|
PAN No.: |
AADPO1072F |
|
DIN No.: |
00046674 |
|
|
|
|
Name : |
Mr. Prem Kumar |
|
Designation : |
Director |
|
Address : |
B-36/174, Vikas Nagar, Pakhowal Road, Ludhiana - 141002, Punjab, India |
|
Date of Birth/Age : |
26.06.1953 |
|
Date of Appointment : |
29.10.2005 |
|
DIN No.: |
00051349 |
|
|
|
|
Name : |
Mr. Rajinder Singh Kundi |
|
Designation : |
Director |
|
Address : |
258-B, Sector - 14, Gurgaon
- 122001, Haryana, India |
|
Date of Birth/Age : |
15.02.1941 |
|
Date of Appointment : |
20.05.2006 |
|
DIN No.: |
00203082 |
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|
|
|
Name : |
Mr. Manan Jain |
|
Designation : |
Whole-time director |
|
Address : |
Plot No. 614, Sector 15, Part I, Gurgaon - 122001, Haryana,
India |
|
Date of Birth/Age : |
06.04.1990 |
|
Date of Appointment : |
01.06.2013 |
|
DIN No.: |
03159379 |
|
|
|
|
Name : |
Mr. Rishi Jain |
|
Designation : |
Director |
|
Address : |
H. No. 730, Sector-15, Part II, Gurgaon – 122001, Haryana,
India |
|
Date of Birth/Age : |
29.11.1990 |
|
Date of Appointment : |
04.08.2010 |
|
DIN No.: |
03160582 |
|
|
|
|
Name : |
Mr. Kunal Jain |
|
Designation : |
Whole-time director |
|
Address : |
H. No. 730, Sector-15, Part II, Gurgaon – 122001, Haryana,
India |
|
Date of Birth/Age : |
02.11.1985 |
|
Qualification : |
M.SC. |
|
Date of Appointment : |
19.01.2011 |
|
DIN No.: |
03386898 |
KEY EXECUTIVES
|
Name : |
Ms. Pooja Nirmal |
|
Designation : |
Secretary |
|
Address : |
46D/3, Gopal Nagar,
Near City Bus Stand, Gurgaon - 122001, Haryana, India |
|
Date of Birth/Age : |
20.01.1987 |
|
Date of Appointment : |
17.07.2010 |
|
PAN No.: |
AIBPN1385N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Name of Shareholders |
No. of
Shares |
|
Non-Corporate
Shareholders [Individuals] |
|
|
Anil Jain |
1572700 |
|
Mohit Oswal |
492100 |
|
Hitesh Jain |
1338200 |
|
Anju Jain |
200400 |
|
Kanta Jain |
12000 |
|
Meenakshi Jain |
199500 |
|
Sarita Oswal |
100000 |
|
Meenakshi Kilm |
80000 |
|
K.L. Appachu |
50000 |
|
Suneer Jain |
20000 |
|
Ram Prasad Jain |
11000 |
|
Vibhav Kilm |
5000 |
|
Garde |
20000 |
|
Pawan Siegell |
30000 |
|
Sudhir |
226020 |
|
Rishi Jain |
170000 |
|
Corporate
Shareholders |
|
|
Roop Rubber
Mills Limited, India |
2670100 |
|
Roop
Automotives Limited, India |
60100 |
|
PCB Constructions Private Limited, India |
50000 |
|
Technico Agencies
Private Limited, India |
60000 |
|
Prateek
Securities Private Limited, India |
50000 |
|
Pass Food Production Private Limited, India |
60000 |
|
M.S. Capital and Management Services Limited, India |
75000 |
|
M.S. Leasing Private Limited, India |
50000 |
|
Kush Leasing
Private Limited, India |
75000 |
|
|
|
|
Total |
7677120 |
AS ON 30.09.2013
|
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] |
2.94 |
|
Bodies
corporate |
41.03 |
|
Directors
or relatives of directors |
54.09 |
|
Other
top fifty shareholders |
1.94 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Rubber and Plastic for Auto Components. |
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Products/ Services : |
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Exports : |
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||||
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Products : |
Finished Goods |
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|
Countries : |
· USA Australia Germany |
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Imports : |
|
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Products : |
Raw Material |
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Countries : |
· Taiwan |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
Customers : |
End Users Maruti Suzuki Honda New Holland JCBL Limited Ashok Leyland Hero Honda Yamaha Bajaj Piaggio Denso Minda Wabco TRW ITW |
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|
No. of Employees : |
2000 (Approximately) |
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|
Bankers : |
· Citibank N.A Jeevan Bharti Building, 4th Floor, 124, Connaught Circus, Connaught Place, New Delhi - 110001, Delhi, India · HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India · Kotak Mahindra Bank Limited Ambadeep Building, 14, Kasturba Gandhi Marg, New Delhi
- 110001, Delhi, India |
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|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· Bajaj Finance Limited Akurdi Pune,
Pune - 411035, Maharashtra,
India |
|
|
|
|
Auditors : |
|
|
Name : |
Scan Associates Chartered Accountants |
|
Address : |
108, Aradhana Bhawan, Commercial Complex, Azadpur,
New Delhi – 110033, India |
|
Tel. No.: |
91-11-27671631/ 27672697 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AANFS3580L |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
Roop Rubber Mills Limited
[U25199HR1986PLC026152] |
|
|
|
|
Joint Venture : |
Roop Koepp
Foam Technologies Private Limited [U25192HR2011PTC042766] |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8,245,000 |
Equity Shares |
Rs. 10/- each |
Rs. 82.450 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,677,120 |
Equity Shares |
Rs. 10/- each |
Rs. 76.771
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 |
76.771 |
68.471 |
68.471 |
|
(b) Reserves & Surplus |
636.966 |
520.110 |
347.428 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
4.100 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
713.737 |
592.681 |
415.899 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
145.555 |
84.541 |
93.240 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
7.789 |
10.207 |
12.026 |
|
(d) long-term
provisions |
19.592 |
14.193 |
9.712 |
|
Total Non-current
Liabilities (3) |
172.936 |
108.941 |
114.978 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
219.180 |
221.701 |
62.312 |
|
(b)
Trade payables |
394.675 |
371.941 |
309.363 |
|
(c)
Other current liabilities |
165.588 |
73.431 |
124.615 |
|
(d) Short-term
provisions |
20.686 |
17.733 |
15.814 |
|
Total Current
Liabilities (4) |
800.129 |
684.806 |
512.104 |
|
|
|
|
|
|
TOTAL |
1686.802 |
1386.428 |
1042.981 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
783.488 |
556.366 |
434.759 |
|
(ii)
Intangible Assets |
2.269 |
0.550 |
0.285 |
|
(iii)
Capital work-in-progress |
38.455 |
36.321 |
38.795 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
45.663 |
31.859 |
17.605 |
|
(c) Deferred tax assets (net) |
0.173 |
1.384 |
0.680 |
|
(d) Long-term Loan and Advances |
32.785 |
41.497 |
10.171 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
902.833 |
667.977 |
502.295 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
186.577 |
136.276 |
101.705 |
|
(c)
Trade receivables |
511.047 |
489.202 |
384.415 |
|
(d) Cash
and cash equivalents |
27.762 |
33.159 |
26.241 |
|
(e)
Short-term loans and advances |
58.527 |
59.810 |
28.325 |
|
(f)
Other current assets |
0.056 |
0.004 |
0.000 |
|
Total Current
Assets |
783.969 |
718.451 |
540.686 |
|
|
|
|
|
|
TOTAL |
1686.802 |
1386.428 |
1042.981 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
2599.881 |
2237.335 |
1714.443 |
|
|
|
Other Income |
9.121 |
13.368 |
3.745 |
|
|
|
TOTAL (A) |
2609.002 |
2250.703 |
1718.188 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1513.722 |
1290.577 |
952.093 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(39.367) |
(23.156) |
(15.803) |
|
|
|
Employees benefits expense |
179.664 |
133.941 |
92.057 |
|
|
|
Other expenses |
597.837 |
486.431 |
408.799 |
|
|
|
TOTAL (B) |
2251.856 |
1887.793 |
1437.146 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
357.146 |
362.910 |
281.042 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
59.637 |
36.932 |
19.985 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
297.509 |
325.978 |
261.057 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
127.336 |
93.108 |
74.923 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
170.173 |
232.870 |
186.134 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
53.316 |
60.188 |
53.186 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
116.857 |
172.682 |
132.948 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
142.731 |
128.260 |
91.720 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
50.182 |
64.426 |
|
|
|
Capital Goods |
0.000 |
31.724 |
31.510 |
|
|
TOTAL IMPORTS |
0.000 |
81.906 |
95.936 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.28 |
25.22 |
19.42 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
2620.000 |
|
|
|
|
|
The above information has been parted by Ms. Pooja
Nirmal [Company Secretary]
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.48 |
7.67 |
7.74 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.55 |
10.41 |
10.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.62 |
17.68 |
18.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.39 |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.51 |
0.52 |
0.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.98 |
1.05 |
1.06 |
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 |
68.471 |
68.471 |
76.771 |
|
Reserves & Surplus |
347.428 |
520.110 |
636.966 |
|
Share Application money pending allotment |
0.000 |
4.100 |
0.000 |
|
Net
worth |
415.899 |
592.681 |
713.737 |
|
|
|
|
|
|
long-term borrowings |
93.240 |
84.541 |
145.555 |
|
Short term borrowings |
62.312 |
221.701 |
219.180 |
|
Total
borrowings |
155.552 |
306.242 |
364.735 |
|
Debt/Equity ratio |
0.374 |
0.517 |
0.511 |
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 |
1714.443 |
2237.335 |
2599.881 |
|
|
|
30.499 |
16.204 |
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 |
1714.443 |
2237.335 |
2599.881 |
|
Profit |
132.948 |
172.682 |
116.857 |
|
|
7.75% |
7.72% |
4.49% |
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs. In Millions) |
31.03.2012 (Rs. In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Term loans from others |
12.340 |
5.378 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
0.000 |
1.700 |
|
|
|
|
|
Total |
12.340 |
7.078 |
CORPORATE INFORMATION
Subject is a closely held private limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Companies’ registered office address is 1st floor HASAN BUILDING,NEAR MINERVA THEATER, KASHMIRI GATE , DELHI 110006. Company is engaged in the business of manufacture of moulded/ extruded and plastic parts for both domestic and international customers.
BUSINESS OPERATIONS
AND FINANCIAL PERFORMANCE OF THE COMPANY
During the financial year 2012-13, the Company has secured
new orders for about Rs. 370.000 Millions which
include major orders from mainly Automotive Sector (domestic and international)
which includes Bajaj, Hero Moto
Corp., HMSI, Yamaha, Suzuki, Koepp and TRW. The Company
is expecting the order inflow to improve this year in the wake of various
initiatives in the form of expansion towards west and south of the India. In
terms of operational and financial performance of your Company and as a result
of smooth execution of the projects, the Company has earned a profit after tax
of Rs. 116.857 Millions as compared to the previous
year’s profit of Rs. 172.682 Millions. Inspite of the challenges emerged due to the economic
conditions, the Company has achieved a growth of 16.20 % in revenue from
operations as compared to the last year.
FIXED ASSETS:
· Land
Buildings
Factory building
Plant and equipment
Factory equipments
Furniture and fixtures
Vehicles
Motor vehicles
Office equipment
Computer equipments
Other equipments
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 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 : |
PLK |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
51 |
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.