1.
Summary Information
|
|
|
Country |
|
|
|
|
Company Name |
P.A. FOOTWEAR PRIVATE LIMITED |
Principal Name 1 |
Mr. Kumara Guruparasamy |
|
|
|
Status |
Satisfactory |
Principal Name 2 |
Mr. S Chinnasamy |
|
|
|
|
|
Registration # |
18-14628 |
|
|
|
Street Address |
No. 314/1-C, S R
Kandigai Road, Pappankuppam Village, Gummidipoondi Taluk, Chengai MGR
District – 601 201, Tamilnadu, India |
|
|||
|
Established Date |
08.07.1987 |
SIC Code |
---- |
||
|
Telephone# |
91-44-26543538 |
Business Style 1 |
Manufacturer |
||
|
Fax # |
91-44-26540537 |
Business Style 2 |
Exporter |
||
|
Homepage |
Not Divulged
|
Product Name 1 |
Finished Leathers |
||
|
# of employees |
Not available |
Product Name 2 |
Shoe Uppers |
||
|
Paid-up capital |
Rs.
16,091,100/- |
Product Name 3 |
Full Shoes |
||
|
Shareholders |
Directors or relatives of directors (100%) |
Banking |
State Bank of |
||
|
Public Limited Corp. |
NO |
Business Period |
27 Years |
||
|
IPO |
NO |
International Ins. |
---- |
||
|
Public |
NO |
Rating |
Ba (51) |
||
|
Related
Company |
|
||||
|
Relation |
Country
|
Company
Name |
CEO |
|
|
|
Associates
|
India |
Vee Shoes |
-- |
|
|
|
Note |
- |
|
|||
2.
Summary Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
251,127,000 |
Current Liabilities |
88,605,000 |
|
Inventories |
272,328,000 |
Long-term Liabilities |
175,749,000 |
|
Fixed Assets |
176,766,000 |
Other Liabilities |
115,767,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
380,121,000 |
|
Invest& other Assets |
10,000 |
Retained Earnings |
304,019,000 |
|
|
|
Net Worth |
320,110,000 |
|
Total Assets |
700,231,000 |
Total Liab. & Equity |
700,231,000 |
|
Total Assets (Previous Year) |
519,629,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales/ Turnover (Total Income) |
1,038,045,000 |
Net Profit |
93,160,000 |
|
Sales(Previous yr) (Total Income) |
951,277,000 |
Net Profit(Prev.yr) |
73,825,000 |
MIRA
INFORM REPORT
|
Report Date : |
21.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
P.A. FOOTWEAR PRIVATE LIMITED |
|
|
|
|
Registered Office : |
No. 314/1-C, S R Kandigai Road, Pappankuppam Village, Gummidipoondi
Taluk, Chengai MGR District – 601 201, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
08.07.1987 |
|
|
|
|
Com. Reg. No.: |
18-014628 |
|
|
|
|
Paid up Capital : |
Rs. 16.091 Millions |
|
|
|
|
CIN No.: [Company Identification No.] |
U93090TN1987PTC014628 |
|
|
|
|
TAN No.: [Tax Deduction & Collection Account No.] |
CHEP00761F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP1923G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Finished Leathers, Shoe Uppers and Full
Shoes |
|
|
|
|
No. of Employees : |
Information declined by management. |
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 1280000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company is good. The company is
progressing well. Trade relations are reported as fair. Business is active. Payments
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 |
CRISIL |
|
Rating |
Long term rating BBB-
(Suspended) |
|
Rating Explanation |
Moderate degree of safety. It carry moderate credit risk |
|
Date |
November 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A3
(Suspended) |
|
Rating Explanation |
Moderate degree of safety. It carry higher credit risk |
|
Date |
November 2013 |
NOTE: REASON OF SUSPENSION: NON OPERATION BY THE COMPANY TO CARRY OUT
RATING.
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
31-03-2014.
INFORMATION DENIED
Management no co-operative
LOCATIONS
|
Registered Office: |
No. 314/1-C, S R Kandigai Road, Pappankuppam Village, Gummidipoondi
Taluka, Chengai MGR District – 601201, Tamilnadu, India |
|
Tel. No.: |
91-44-26543538/39/40 |
|
Fax No.: |
91-44-26540537 |
|
E-Mail : |
|
|
Area : |
35000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Head Office 2 : |
HIG, Phase I, 15, III Main Road, Nolambur, Chennai-600037, Tamilnadu,
India |
|
Tel. No.: |
91-44-26536901/ 26536902 |
|
Fax No.: |
91-44-26536905 |
DIRECTORS
As on: 16.09.2013
|
Name : |
Mr. Kumara Guruparasamy |
|
Designation : |
Managing Director |
|
Address : |
T A S Enclave, AK 10th Main Road, Behind Sundaram MF,
Chennai-600040, Tamilnadu, India |
|
Date of Appointment : |
08.07.1987 |
|
DIN No.: |
00512154 |
|
|
|
|
Name : |
Mr. Anbumalar Chinnasami |
|
Designation : |
Director |
|
Address : |
Old No. T84, New No. 16, 5th Main Road, Anna Nagar,
Chennai- 600040, Tamilnadu, India. |
|
Date of Birth/Age : |
10.07.1930 |
|
Date of Appointment : |
12.12.1990 |
|
DIN No.: |
00512186 |
|
|
|
|
Name : |
Mr. Sivavilvaselvan Kumarguruparasamy |
|
Designation : |
Director |
|
Address : |
H-56, II Floor, 4th Street, Anna Nagar East, Chennai – 600102, Tamil
Nadu, India |
|
Date of Birth/Age : |
19.04.1980 |
|
Date of Appointment : |
25.09.2008 |
|
DIN No.: |
02448515 |
|
|
|
|
Name : |
Mr. Settiagounder Chinnasamy |
|
Designation : |
Director |
|
Address : |
Old No. T84, New No. 16, 5th Main Road, Anna Nagar,
Chennai- 600040, Tamilnadu, India. |
|
Date of Birth/Age : |
10.07.1930 |
|
Date of Appointment : |
08.07.1987 |
|
DIN No.: |
02755978 |
|
|
|
|
Name : |
Mr. Chinnasamianbumalar Kuzhahan |
|
Designation : |
Director |
|
Address : |
No. T 84, Anna Nagar, T Block, Chennai-600040, Tamilnadu, India |
|
Date of Appointment : |
09.12.2011 |
|
DIN No.: |
05172736 |
MAJOR SHAREHOLDERS
As on: 16.09.2013
|
Names of Shareholders |
No. of Shares |
|
Kumara Guruparasamy |
53953 |
|
Anbumalar Chinnasami |
46826 |
|
Sivavilvaselvan Kumarguruparasamy |
35640 |
|
Settiagounder Chinnasamy |
24492 |
|
|
|
|
TOTAL
|
160911 |
As on: 16.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Finished Leathers, Shoe Uppers and Full
Shoes |
|
|
|
|
Products : |
·
Full Shoes ·
Shoe Uppers ·
Finished Leathers |
PRODUCTION STATUS (AS ON : 31.03.2013)
|
Capacity & Production – Product: Shoe Uppers |
31.03.2013 |
|
|
|
|
Installed Capacity |
5000 Pairs/Day |
|
Actual Production |
11.78 lakh pairs P.A |
|
Capacity & Production – Full Shoe |
31.03.2013 |
|
|
|
|
Installed Capacity |
4000 Pairs/Day |
|
Actual Production |
7.61 lakh pairs P.A |
|
Capacity & Production – Finished Leather |
31.03.2013 |
|
|
|
|
Installed Capacity |
54 lakh sq. ft. |
|
Actual Production |
31.16 lakh sq. ft. P.A |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management. |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Venkatesh and Company Chartered Accountant |
|
Address : |
No. 151, Mambalam High Road, T. Nagar, Chennai – 600017, Tamilnadu,
India |
|
Tel No: |
91-44-28144763 / 64 / 65 / 66 |
|
Email : |
venkateshandco@gmail.com |
|
PAN No.: |
AAAFV0620K |
|
|
|
|
Associates : |
Vee Shoes |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
160911 |
Equity Shares |
Rs.100/-
each |
Rs. 16.091
Millions |
|
|
|
|
|
NOTE
Of the above shares 2511 Equity shares with
face value of Rs. 100 each were allotted as fully paid up pursuant to purchase
of P A Shoes without payment being received in Cash
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 |
|
16.091 |
16.091 |
|
(b) Reserves & Surplus |
|
304.019 |
257.923 |
|
(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) |
|
320.110 |
274.014 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
4.694 |
7.414 |
|
(b) Deferred tax liabilities (Net) |
|
13.673 |
12.961 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
18.367 |
20.375 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
171.055 |
103.970 |
|
(b) Trade payables |
|
64.749 |
38.318 |
|
(c) Other current
liabilities |
|
23.856 |
21.764 |
|
(d) Short-term provisions |
|
102.094 |
61.188 |
|
Total Current Liabilities (4) |
|
361.754 |
225.240 |
|
|
|
|
|
|
TOTAL |
|
700.231 |
519.629 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
176.766 |
154.722 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
5.966 |
|
(b) Non-current Investments |
|
0.010 |
0.010 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
176.776 |
160.698 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
272.328 |
187.891 |
|
(c) Trade receivables |
|
128.721 |
75.061 |
|
(d) Cash and cash
equivalents |
|
34.335 |
10.752 |
|
(e) Short-term loans and
advances |
|
0.000 |
0.000 |
|
(f) Other current assets |
|
88.071 |
85.227 |
|
Total Current Assets |
|
523.455 |
358.931 |
|
|
|
|
|
|
TOTAL |
|
700.231 |
519.629 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
16.091 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
196.549 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
212.640 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
112.274 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
112.274 |
|
|
DEFERRED TAX LIABILITIES |
|
|
14.489 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
339.403 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
160.177 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.010 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
174.371
|
|
|
Sundry Debtors |
|
|
60.451
|
|
|
Cash & Bank Balances |
|
|
9.269
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
42.793
|
|
Total
Current Assets |
|
|
286.884 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
54.778
|
|
|
Other Current Liabilities |
|
|
22.694
|
|
|
Provisions |
|
|
30.196
|
|
Total
Current Liabilities |
|
|
107.668 |
|
|
Net Current Assets |
|
|
179.216
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
339.403 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1038.045 |
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
1038.045 |
951.277 |
758.752 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
858.930 |
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
858.930 |
795.747 |
665.446 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
179.115 |
155.530 |
93.306 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15.560 |
18.420 |
13.088 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
163.555 |
137.110 |
80.218 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
22.999 |
22.145 |
21.284 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
140.556 |
114.965 |
58.934 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
47.396 |
41.140 |
18.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
93.160 |
73.825 |
40.934 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
58.873 |
166.823
|
140.585 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
5.000 |
2.500 |
2.500 |
|
|
|
Dividend |
40.228 |
10.459 |
10.459 |
|
|
|
Tax on Dividend |
6.836 |
1.993 |
1.737 |
|
|
BALANCE CARRIED
TO THE B/S |
41.096 |
58.873 |
166.823 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
862.287 |
811.138 |
620.161 |
|
|
TOTAL EARNINGS |
862.287 |
811.138 |
620.161 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
247.431 |
225.318 |
168.030 |
|
|
|
Stores & Spares |
63.799 |
76.717 |
79.648 |
|
|
|
Capital Goods |
21.728 |
7.870 |
14.444 |
|
|
TOTAL IMPORTS |
332.958 |
309.905 |
262.122 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
578.96 |
458.80 |
254.39 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
8.97 |
7.76
|
6.15
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.07 |
22.38
|
13.18
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.44 |
0.42
|
0.27
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.55 |
0.41
|
0.53
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.45 |
1.59
|
2.66
|
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 |
16.091 |
16.091 |
|
Reserves & Surplus |
257.923 |
304.019 |
|
Net
worth |
274.014 |
320.110 |
|
|
|
|
|
long-term borrowings |
7.414 |
4.694 |
|
Short term borrowings |
103.970 |
171.055 |
|
Total
borrowings |
111.384 |
175.749 |
|
Debt/Equity
ratio |
0.406 |
0.549 |
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 (Including other income) |
758.752 |
951.277 |
1038.045 |
|
|
|
25.374 |
9.121 |
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 (Including other income) |
758.752 |
951.277 |
1038.045 |
|
Profit |
40.934 |
73.825 |
93.16 |
|
|
5.39% |
7.76% |
8.97% |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
|
Particular |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
Short Term
Borrowings |
|
|
|
Loans and advances from related parties |
2.517 |
4.788 |
|
|
|
|
|
TOTAL |
2.517 |
4.788 |
FUTURE OUTLOOK
The Company has maintained its good growth in Export Sales and is
confident of doing well in the next financial year.
The company will strive for enhancing its overall growth in sales in the
ensuing year 2013-14 which will ultimately secure the advantage of scale of
operations.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90296972 |
13/05/1999 * |
12,000,000.00 |
STATE BANK OF INDIA |
LEATHER INTERNATIONAL BRANCH, MVJ TOWERS; 177/1; |
- |
|
2 |
90296940 |
05/01/1995 * |
23,000,000.00 |
STATE BANK OF INDIA |
L. I. BRANCH; MVJ TOWERSVE, 117/1; POONAMALLE HIG |
- |
|
3 |
90295536 |
12/02/1993 * |
266,000.00 |
THE TAMILNADU INDL. INVES. CORP. LTD |
ARULMANAI; 27, WHITES RAOD, MADRAS, TAMIL NADU - |
- |
|
4 |
90290011 |
17/01/2014 * |
340,500,000.00 |
STATE BANK OF INDIA |
LEATHER & INTERNATIONAL BRANCH, MVJ TOWERS,
177/1 |
B97117998 |
|
5 |
90295521 |
08/11/1997 * |
6,900,000.00 |
STATE BANK OF INDIA |
L. I. BRANCH; MVJ. TOWERS, 177/1; P. H. ROAD KILP |
- |
|
6 |
90296048 |
15/07/2004 * |
6,900,000.00 |
STATE BANK OF INDIA |
L. I. BRANCH; MVJ TOWERS, 117/1; P. H. ROAD; TILP |
- |
|
7 |
90296796 |
01/07/2002 * |
6,900,000.00 |
STATE BANK OF INDIA |
L. I. BRANCH; MVJ TOWERSVE, 117/1; POONAMALLE HIG |
- |
|
8 |
90295514 |
12/02/1993 * |
627,600.00 |
THE TAMILNADU INDL. INVES. CORP. LTD |
ARUL MANAI 27, WHITES RAOD, MADRAS, TAMIL NADU - |
- |
* Date of charge modification
FIXED ASSETS
·
Land
·
Building
·
Lease hold Improvement
·
Plant and Machinery
·
Furniture and Fixtures
·
Office Equipments
·
Computer
·
Vehicles
·
Windmill
·
Temporary Erections
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.60.33 |
|
|
1 |
Rs.103.18 |
|
Euro |
1 |
Rs.81.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
YOG |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--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.