1. Summary Information
|
|
|
Country |
|
|
Company Name |
ROHM AND HAAS (INDIA) PRIVATE LIMITED |
Principal Name 1 |
Mr. Anilkumar Amarchand Gupta |
|
Status |
Moderate |
Principal Name 2 |
Mr. Venkatesan Rajagopalan |
|
|
|
Registration # |
11-132718 |
|
Street Address |
1st
Floor, Block B, Godrej IT Park, 02, Godrej, Business District, Pirojsha
Nagar, Vikhroli (West), Mumbai – 400079, Maharashtra, India |
||
|
Established Date |
14.03.1995 |
SIC Code |
-- |
|
Telephone# |
91-22-67328358 |
Business Style 1 |
Manufacturing |
|
Fax # |
91-22-67326069 |
Business Style 2 |
Trading |
|
Homepage |
Product Name 1 |
'Speciality Materials' |
|
|
# of employees |
Not Divulged |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
3259,073,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings 100% |
Banking |
Standard
Chartered Grindlays Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
19 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (32) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Ultimate Holding Company: |
USA |
The Dow Chemical Company |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3,289,596,000 |
Current Liabilities |
2,784,088,000 |
|
Inventories |
1,989,133,000 |
Long-term Liabilities |
1,329,025,000 |
|
Fixed Assets |
1,056,244,000 |
Other Liabilities |
37,017,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
4,150,130,000 |
|
Invest& other Assets |
43,040,000 |
Retained Earnings |
(1,031,190,000) |
|
|
|
Net Worth |
2,227,883,000 |
|
Total Assets |
6,378,013,000 |
Total Liab. & Equity |
6,378,013,000 |
|
Total Assets (Previous Year) |
6,510,565,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
8,740,000,000 |
Net Profit |
102,800,000 |
|
Sales(Previous yr) |
7,707,500,000 |
Net Profit(Prev.yr) |
(213,900,000) |
MIRA
INFORM REPORT
|
Report Date : |
31.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROHM AND HAAS ( |
|
|
|
|
Registered
Office : |
1st
Floor, Block B, Godrej IT Park, 02, Godrej, Business District, Pirojsha
Nagar, Vikhroli (West), Mumbai – 400079, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.03.1995 |
|
|
|
|
Com. Reg. No.: |
11-132718 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3259.073 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231MH1995PTC132718 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR14396E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR2855F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of manufacturing, trading and
marketing of 'Speciality Materials' |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “ROHM and Hass Worldwide”. It is an established company having a moderate track record. The
company has recorded some accumulated losses. However, the capital base of the company is to be strong. Trade
relations are reported to be fair. Business is active. Payments are reported
to be slow but correct. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization policies.
A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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 NON-CO-OPERATIVE (91-22-67328358)
LOCATIONS
|
Registered
Office : |
1st
Floor, Block B, Godrej IT Park, 02, Godrej, Business District, Pirojsha Nagar,
Vikhroli (West), Mumbai – 400079, Maharashtra, India |
|
Tel. No.: |
91-22-67328358 |
|
Mobile No.: |
91-9819000295
(Mr. Zafer Ansari) |
|
Fax No.: |
91-22-67326069 |
|
E-mail: |
|
|
Website : |
|
|
Area: |
Owned |
|
|
|
|
Head Office /
Factory 1 : |
Unit I and II, 2nd
Floor, Building 1, Solitaire Corporate Park, Chakala, Andheri -Kurla Road,
Andheri (East), Mumbai – 400 093, Maharashtra, India |
|
|
|
|
Factory 2 : |
Plot No. T-22/PT,
MIDC Taloja Industrial Area, District Raigad - 410 208, Maharashtra, India |
|
Tel. No.: |
91-22-27412476/
79//15555 |
|
Fax No.: |
91-22-27410564/
67315569 |
|
|
|
|
Manufacturing
Facilities: |
Sriperumbadur, Tamilnadu, India |
DIRECTORS
As on 27.09.2013
|
Name : |
Mr. Anilkumar Amarchand Gupta |
|
Designation : |
Director |
|
Address : |
Flat No. B 504, Plot No. 2 and 3, Sector 16A, Sanpada, Navi Mumbai -
400705, Maharashtra, India |
|
Date of Birth/Age : |
25.02.1962 |
|
Date of Appointment : |
30.06.2009 |
|
PAN No.: |
ABJPG0273B |
|
DIN No.: |
02188991 |
|
|
|
|
Name : |
Mr. Venkatesan Rajagopalan |
|
Designation : |
Director |
|
Address : |
D. No.14, Flat No.6, Simha Chalam Apartments, Appakkannu Street,
Royapettah, Chennai - 600014, Tamilnadu, India |
|
Date of Birth/Age : |
27.04.1954 |
|
Date of Appointment : |
30.06.2009 |
|
PAN No.: |
ABSPR2999C |
|
DIN No.: |
02691467 |
|
|
|
|
Name : |
Mr. Belur Kirshna Murthy Sethuram |
|
Designation : |
Managing Director |
|
Address : |
Flat No.602, 6th Floor, Casablanca, New Sonoo Co-operative
Housing Society, 28th Road, Bandra (West), Mumbai - 400050,
Maharashtra, India |
|
Date of Birth/Age : |
02.04.1962 |
|
Date of Appointment : |
18.10.2011 |
|
PAN No.: |
BMIPS4492R |
|
DIN No.: |
03498701 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2013
|
Names of Shareholders |
No. of Shares |
|
Rohm and Haas |
325902323 |
|
Rohm and Haas |
5000 |
|
Total |
325907323 |
As on 27.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20279273%2031-Jul-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing, trading and
marketing of 'Speciality Materials' |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
·
Standard Chartered Grindlays Bank Limited, ·
Citi Bank N. A. |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered
Accountants |
|
Address : |
12, Dr. Annie Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai - 400 018, Maharashtra, India |
|
PAN
No. : |
AACFD4815A |
|
|
|
|
Ultimate Holding Company: |
The Dow Chemical Company, USA |
|
|
|
|
Holding Company: |
Rohm and Haas India Investment ApS, Denmark |
|
|
|
|
Fellow Subsidiary: |
·
ACIMA Chemical Industries Limited, Switzerland ·
Beijing Eastern Rohm and Haas Company Limited
(BERHC), China ·
Dow Agrosciences India Private Limited, India CIN: U01110MH1994PTC083566 ·
Dow Agrosciences LLC, United States ·
Dow Chemical (China) Company Limited, China ·
Dow Chemical International Private Limited, India
CIN: U24239MH1998PTC113551 ·
Dow Chemical Korea Limited, Korea ·
Dow Chemical Pacific Limited, Hong Kong ·
Dow Chemical Pacific(Singapore) Pte Limited,
Singapore ·
Dow Chemical Taiwan Limited, Taiwan ·
Dow Chemical Thailand Limited, Thailand ·
Dow Europe GmbH, Switzerland ·
Dow France S.A.S. France ·
Hampshire Chemical Corp, United State ·
PT. Rohm and Haas Indonesia ·
Rohm and Haas Japan KK ·
Rohm and Haas (China) Holding Company Limited,
China ·
Rohm and Haas (Scotland) Limited, United Kingdom ·
Rohm and Haas (UK) Limited ·
Rohm and Haas Australia Pty Limited, Australia ·
Rohm and Haas B.V. Netherlands ·
Rohm and Haas Chemical (Thailand) Limited ·
Rohm and Haas Chemicals LLC, USA, United States ·
Rohm and Haas China Inc. China ·
Rohm and Haas China Research and Development
Centre, China ·
Rohm and Haas Company ER, United States ·
Rohm and Haas Company, USA, United States ·
Rohm and Haas Electronic Materials Singapore Pte.
Limited, Singapore ·
Rohm and Haas Electronic Materials, LLC, United
States ·
Rohm and Haas Europe Services ApS, Deutsche,
Denmark ·
Rohm and Haas Europe Trading ApS - Nederland
Branch ·
Rohm and Haas Europe Trading ApS - Succursale
France ·
Rohm and Haas Europe Trading ApS-Belgium Branch ·
Rohm and Haas Europe Trading ApS-Deutsche ·
Rohm and Haas Europe Trading ApS-Sede Secondaria
Italiana ·
Rohm and Haas European Trading ApS, Copenhagen,
Denmark ·
Rohm and Haas Foshan Specialty Materials Company
Limited, China ·
Rohm and Haas France S.A.S. France ·
Rohm and Haas International Trading (Shanghai)
Company Limited ·
Rohm and Haas Italia S.r.l ·
Rohm and Haas Kimyasal Urunler Uretim Dagitim ve
Ticaret A.S. ·
Rohm and Haas Korea Company Limited ·
Rohm and Haas Mexico, S. de R.L,.de C.V. ·
Rohm and Haas New Zealand Limited ·
Rohm and Haas Philipines Inc. ·
Rohm and Haas Quimica Ltda. ·
Rohm and Haas Shanghai Chemical Industry Company
Limited ·
Rohm and Haas Singapore (Pte.) Limited ·
Rohm and Haas South Africa (PTY) Limited ·
Rohm and Haas Taiwan, Inc. ·
Rohm and Haas Texas Incorporated ·
Rohm and Haas Trading ApS UK Branch ·
Rohm and Haas Vietnam Company Limited ·
UCAR Emulsion Systems FZE ·
Union Carbide Corporation |
|
|
·
|
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
330000000 |
Equity Shares |
Rs.10/- each |
Rs.3300.000 Millions |
|
55000000 |
Preferences Shares |
Rs.10/- each |
Rs.550.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.3850.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
325907323 |
Equity Shares |
Rs.10/- each |
Rs.3259.073 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 |
3259.073 |
3259.073 |
3259.073 |
|
(b) Reserves & Surplus |
(1031.190) |
(1232.888) |
(1018.999) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2227.883 |
2026.185 |
2240.074 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
11.947 |
13.521 |
10.405 |
|
Total Non-current Liabilities (3) |
11.947 |
13.521 |
10.405 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1329.025 |
2156.644 |
1140.000 |
|
(b) Trade payables |
2671.580 |
2174.724 |
1763.186 |
|
(c) Other current
liabilities |
112.508 |
128.787 |
163.061 |
|
(d) Short-term provisions |
25.070 |
10.704 |
14.403 |
|
Total Current Liabilities (4) |
4138.183 |
4470.859 |
3080.650 |
|
|
|
|
|
|
TOTAL |
6378.013 |
6510.565 |
5331.129 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1054.971 |
1193.824 |
1357.371 |
|
(ii) Intangible Assets |
1.273 |
1.825 |
0.00 |
|
(iii) Capital
work-in-progress |
43.040 |
49.886 |
39.373 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
59.159 |
19.589 |
16.176 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1158.443 |
1265.124 |
1412.920 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1989.133 |
1697.453 |
1254.737 |
|
(c) Trade receivables |
2360.472 |
2759.693 |
1754.350 |
|
(d) Cash and cash
equivalents |
84.070 |
5.802 |
167.390 |
|
(e) Short-term loans and
advances |
749.654 |
727.588 |
706.462 |
|
(f) Other current assets |
36.241 |
54.905 |
35.270 |
|
Total Current Assets |
5219.570 |
5245.441 |
3918.209 |
|
|
|
|
|
|
TOTAL |
6378.013 |
6510.564 |
5331.129 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8740.000 |
7707.500 |
6382.600 |
|
|
|
Other Income |
13.100 |
136.900 |
17.300 |
|
|
|
TOTAL |
8753.100 |
7844.400 |
6399.900 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
8264.000 |
7718.300 |
5906.700 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
489.100 |
126.100 |
493.200 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
203.100 |
152.800 |
38.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
286.000 |
(26.700) |
455.200 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
183.200 |
187.200 |
193.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
102.800 |
(213.900) |
262.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
102.800 |
(213.900) |
262.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
1019.000 |
(1281.000) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
1019.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
NA |
1444.800 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.31 |
0.66 |
0.77 |
|
%20PRIVATE%20LIMITED%20-%20279273%2031-Jul-2014_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20279273%2031-Jul-2014_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20279273%2031-Jul-2014_files/image005.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.17
|
(2.73)
|
4.09 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.18
|
(2.76)
|
4.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.62
|
(3.31)
|
4.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
(0.11)
|
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.60
|
1.06
|
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26
|
1.17
|
1.27 |
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 |
3259.073 |
3259.073 |
3259.073 |
|
Reserves & Surplus |
(1018.999) |
(1232.888) |
(1031.190) |
|
Net
worth |
2240.074 |
2026.185 |
2227.883 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1140.000 |
2156.644 |
1329.025 |
|
Total
borrowings |
1140.000 |
2156.644 |
1329.025 |
|
Debt/Equity
ratio |
0.509 |
1.064 |
0.597 |
%20PRIVATE%20LIMITED%20-%20279273%2031-Jul-2014_files/image007.gif)
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 |
6382.600 |
7707.500 |
8740.000 |
|
|
|
20.758 |
13.396 |
%20PRIVATE%20LIMITED%20-%20279273%2031-Jul-2014_files/image009.gif)
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 |
6382.600 |
7707.500 |
8740.000 |
|
Profit |
262.000 |
(213.900) |
102.800 |
|
|
4.10% |
(2.78%) |
1.18% |
%20PRIVATE%20LIMITED%20-%20279273%2031-Jul-2014_files/image011.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE:
The registered office of the company has been shifted from Corporate Park,
Unit No. 1, V. N. Purav Marg, Chembur - 400093, Mumbai, Maharashtra, India to the present address w.e.f.
02.05.2012
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Working capital loans from bank |
79.025 |
506.644 |
|
Loans repayable on demand |
400.000 |
0.000 |
|
Loans and advance from related parties |
850.000 |
1650.000 |
|
|
|
|
|
Total |
1329.025 |
2156.644 |
INDEX OF CHARGES
No Charges Exist for Company
COMPANY BACKGROUND
The Company was incorporated on14th March, 1995
as a private limited company. The Company is engaged in the business of
manufacturing, trading and marketing of 'Speciality Materials' and has two
manufacturing facilities at Taloja, Maharashtra and Sriperumbadur, Tamil Nadu.
FINANCIAL PERFORMANCE:
The Company
continued its excellent run in sales performance this year also. The sales at
Rs. 9550.000 millions have risen by about 14% as compared to Rs. 8408.600
millions. With the growth in sales the profit before depreciation, interest and
tax at 489.100 millions has taken a quantum leap of 4 times as compared to the
previous year.
CONTINGENT
LIABILITIES
|
Particular |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
Sales tax
demands disputed in appeals (These mainly relates
to short credit allowed for tax paid, non-submission of 'C' forms,
differential tax rates and incorrect disallowance of set-off on purchase of
raw materials.) The Company is confident of successfully contesting the
appeals and does not expect the liability to crystallise |
31565648 |
62781290 |
|
Arrears of
dividend on 10% cumulative redeemable preference shares of Rs.10/- each (upto
23rd March, 2011) (On 3rd January, 2011, the terms of 10%
cumulative redeemable preference shares had been changed from 'Redeemable' to
'Convertible at the option of the company on or before 31st March, 2011'. The
option was excercised and accordingly the Company allotted equal number of
equity shares of Rs.10/- each at par on 23rd March, 2011) |
265742992 |
265742992 |
FIXED ASSETS
œ
Land
œ
Buildings
œ
Factory Building
œ
Plant and Equipment
œ
Furniture and Fixtures
œ
Vehicles
œ
Motor Vehicles
œ
Office Equipment
œ
Computer Equipments
œ
Other Equipments
œ
Leasehold Improvements
œ
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 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.60.15 |
|
|
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.80.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--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 |
|
32 |
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.