MIRA INFORM REPORT
|
Report Date : |
07.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SCHENCK PROCESS INDIA LIMITED |
|
|
|
|
Registered
Office : |
EN-26, Amrit Towers, 6th Floor, Salt Lake City, Sector-V,
Kolkata – 700091, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2012 |
|
|
|
|
Date of
Incorporation : |
06.03.1996 |
|
|
|
|
Com. Reg. No.: |
21-077797 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.35.200 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909WB1996PLC077797 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS4728C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of electronic weighing systems. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Management of the company has failed to file its latest financials of
2013 with government department. As per financials of 2012, net profit of the company has increased as
compared to previous year. Liquidity position of the company is strong and healthy. Trade relations are reported to
be fair. Business is active. Payments are reported to be usually correct. The company can be considered 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.
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
US investment bank Goldman
Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating=A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
15.03.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating=A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
15.03.2013 |
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 DENIED BY
|
Name : |
Mr. Abhijit Kumar Mitra |
|
Designation : |
Manager |
|
Contact No.: |
91-9007004853 |
|
Date : |
02.06.2014 |
LOCATIONS
|
Registered Office : |
EN-26, Amrit Towers, 6th Floor, Salt Lake City, Sector-V,
Kolkata – 700091, West Bengal, India |
|
Tel. No.: |
91-33-24541836 |
|
Mobile No.: |
91-9007004853 (Mr. Abhijit Kumar Mitra) |
|
Fax No.: |
91-33-24541838 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Factory 1 : |
Village Navrangpur Road, 45th KM Stone, Delhi – Jaipur
Road, Gurgaon – 122004, Haryana, India |
|
|
|
|
Factory 2 : |
Plot No.67-82, Tupudana Industrial Area (New) Hatia, Ranchi – 834003,
Jharkhand, India |
DIRECTORS
AS ON 29.06.2013
|
Name : |
Mr. Sunil Sheshagirirao Potdar |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
7 Swagat Shilp Apartments, Kumudini Pednekar Path, Anandcolony
Erandawane, Pune – 411004, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.03.1957 |
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|
Date of Appointment : |
02.12.2010 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00177142 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Jochen Weyrauch |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Kalmitstrasse 2, 67227, Frankenthal, 1, Germany |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.09.1966 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
07.02.2004 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00322341 |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ashok Chakravorty |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-255, Road No.1C, Ashok Nagar, Argora, Ranchi – 834002, Jharkhand,
India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.06.1951 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2009 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02483117 |
|||||||||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Daniel Mark Sander |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Horrackerstrr.53, Weinheim 69469, Germany |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.08.1974 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.12.2010 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03345924 |
|||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Indrajyoti Bose |
|
Designation : |
Secretary |
|
Address : |
Flat No.505, Midland East Apartment, Anantpur, Ranchi, Jharkhand,
India |
|
Date of Birth/Age : |
24.12.1968 |
|
Date of Appointment : |
28.12.1996 |
|
PAN No.: |
ABYPB4618C |
MAJOR SHAREHOLDERS
AS ON 29.06.2013
|
Names of Shareholders |
No. of Shares |
|
Schenck Process Beteiligungs GmbH, Germany |
3519994 |
|
B. K. Mandal |
1 |
|
Naveen Goel |
1 |
|
Jochen Weyrauch |
1 |
|
Juergen Biebel |
1 |
|
Norbert Geilen |
1 |
|
Schenck Process GmbH, Germany |
1 |
|
Total |
3520000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.06.2013
|
Category |
Percentage |
|
Bodies corporate |
99.90 |
|
Others |
0.10 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of electronic weighing systems. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
State Bank of India, SME Branch, Mecon Campus,
Doranda, Ranchi – 834002, Jharkhand, India ·
ICICI Bank Limited, Jamshedpur Branch, Natraj
Mansion, Main Road, Bistupur, Jamshedpur – 831001, Jharkhand, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Kolkata, West Bengal, India |
|
PAN No.: |
AADFD5357J |
|
|
|
|
Ultimate Holding Company : |
Schenck Process Holding Gmbh, Germany |
|
|
|
|
Holding Company
: |
·
Schenck Process Finance Gmbh, Germany ·
Schenck Process Beteiligungs Gmbh, Germany |
|
|
|
|
Fellow Subsidiary Company : |
·
Schenck Process Holding Gmbh, Germany ·
Schenck Process Australia (Pty) Ltd., Australia ·
Schenck Process (Tianjin) Industrial Technology
Co. Limited, China ·
Schenck Process (Hong Kong) ·
Industrial Technology Co. Limited, China ·
Schenck Accurate Inc., United States ·
Stock Redler India Private Limited, India ·
Schenck Process Beteiligungs Gmbh, Germany ·
Schenck Process Gmbh, Germany ·
Schenck Process France Sas, France ·
Schenck Process Polska Sp. Z.O.O, Poland ·
Schenck Process S.R.O., Czech Republic ·
Schenck Process Equipamentos Industriais Ltda.,
Brazil ·
Schenck Process Austria Gmbh, Austria ·
Clyde Process Ltd, United Kingdom ·
S-Process Equipment International S. À R.L.,
Luxembourg ·
S- Process Management Beteiligungs Gmbh & Co.
Kg, Germany ·
S- Process Verwaltungs Gmbh, Germany ·
Schenck Process Asia Holding Gmbh, Germany ·
Schenck Process Singapore (Pte.) Limited,
Singapore ·
S- Process Equipment Australia Pty Limited,
Australia ·
Beijing Schenck Process Engineering Co. Limited,
China ·
Stock Equipment Company Inc., United States ·
Stock Fairfield Corporation, United States ·
Shenyang Stock Electric Power Equipment Company
Limited, China ·
Schenck Process Uk Holding Limited, United
Kingdom ·
Schenck Process Italia S.R.L., Italy ·
Schenck Process Africa (Pty) Limited, South
Africa ·
Schenck Process Beteiligungs Gmbh, Germany ·
Ooo „Schenck Process Rus“,Russian Federation ·
Schenck Process Ukraine Tow, Ukraine ·
Schenck Process Slovakia Spol. S.R.O., Slovakia ·
Schenck Process Austral Sa, Chile ·
Pentec Soluçoes Em Mineraçao Ltda., Brazil ·
Schenck Process Iberica Sa, Spain ·
Schenck Process Americas S.A.S., Colombia ·
Schenck Process Americas Overseas Sa, Panama ·
Schenck Process Uk Limited, United Kingdom ·
Clyde Process Solutions Limited, United Kingdom ·
Clyde Materials Handling Africa (Pty) Limited,
South Africa ·
Cmh Holdings Limited, United Kingdom ·
Clyde Materials Handling Sistemas Do Brasil Ltda,
Brazil ·
Clyde Process Pension (Trustees) Limited, United
Kingdom ·
Clyde Materials Handling (China) Limited, United
Kingdom ·
Clyde Materials Handling Technology (Beijing) Co.
Limited, China ·
Mac Equipment Holdings Limited United Kingdom ·
Cps Finance Limited United Kingdom ·
Redler Limited, United Kingdom ·
Cmh Support Services Ltd, United Kingdom ·
Stur Tevant Engineering Company Limited, United
Kingdom ·
Clyde Sturtevant Ltd, United Kingdom ·
Stur Tevant Engineering & Manufacturing
Limited, United Kingdom ·
Cmh Systems Limited, United Kingdom ·
Macawber Limited, United Kingdom ·
Clyde Materials Handling Limited, United Kingdom ·
Screennex Pty Limited, Sunshine India, Australia ·
Pt Schenck Process Indonesia, Jakarta, Indonesia ·
Schenck Process Holding North America Inc. City
Of Wilmington, Delaware, United States ·
Mac Process Llc. Kansas City, United States ·
Stock Japan Limited, Tsuchiura-Shi, Japan |
CAPITAL STRUCTURE
AS ON 29.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3520000 |
Equity Shares |
Rs.10/- each |
Rs.35.200 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3520000 |
Equity Shares |
Rs.10/- each |
Rs.35.200 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
35.200 |
35.200 |
|
(b) Reserves & Surplus |
|
750.191 |
631.927 |
|
(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) |
|
785.391 |
667.127 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
11.527 |
10.652 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
5.478 |
4.894 |
|
Total Non-current
Liabilities (3) |
|
17.005 |
15.546 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
44.425 |
0.000 |
|
(b) Trade
payables |
|
425.453 |
311.950 |
|
(c) Other
current liabilities |
|
109.926 |
99.811 |
|
(d) Short-term
provisions |
|
19.980 |
17.772 |
|
Total Current
Liabilities (4) |
|
599.784 |
429.533 |
|
|
|
|
|
|
TOTAL |
|
1,402.180 |
1,112.206 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
107.875 |
102.626 |
|
(ii)
Intangible Assets |
|
5.494 |
4.551 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.085 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
14.874 |
26.712 |
|
(e) Other
Non-current assets |
|
127.168 |
134.462 |
|
Total Non-Current
Assets |
|
255.411 |
268.436 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
191.177 |
200.661 |
|
(c) Trade
receivables |
|
546.318 |
462.680 |
|
(d) Cash
and cash equivalents |
|
291.114 |
120.186 |
|
(e)
Short-term loans and advances |
|
52.956 |
47.833 |
|
(f) Other
current assets |
|
65.204 |
12.410 |
|
Total
Current Assets |
|
1,146.769 |
843.770 |
|
|
|
|
|
|
TOTAL |
|
1,402.180 |
1,112.206 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
35.200 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
553.485 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
588.685 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
11.004 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
599.689 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
96.022 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
248.540 |
|
|
Sundry Debtors |
|
|
568.329 |
|
|
Cash & Bank Balances |
|
|
74.869 |
|
|
Other Current Assets |
|
|
86.806 |
|
|
Loans & Advances |
|
|
74.906 |
|
Total
Current Assets |
|
|
1053.450 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
536.882 |
|
|
Provisions |
|
|
12.901 |
|
Total
Current Liabilities |
|
|
549.783 |
|
|
Net Current Assets |
|
|
503.667 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
599.689 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1,360.948 |
1,428.206 |
1,276.300 |
|
|
|
Other Income |
8.788 |
3.508 |
22.486 |
|
|
|
TOTAL (A) |
1,369.736 |
1,431.714 |
1,298.786 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
764.582 |
948.222 |
|
|
|
|
Purchase of Stock-in-trade |
0.000 |
0.000 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
39.836 |
(20.379) |
|
|
|
|
Employee Benefits Expenses |
172.681 |
155.468 |
|
|
|
|
Other Expenses |
199.380 |
212.651 |
|
|
|
|
TOTAL (B) |
1,176.479 |
1,295.962 |
1283.216 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
193.257 |
135.752 |
156.570 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.649 |
3.783 |
1.917 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
187.608 |
131.969 |
154.653 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
12.318 |
13.328 |
11.754 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
175.290 |
118.641 |
142.899 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
57.026 |
40.198 |
46.264 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
118.264 |
78.443 |
96.635 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
133.895 |
94.857 |
NA |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS
(Raw Material) |
285.009 |
398.480 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
33.60 |
22.28 |
27.45 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
8.63 |
5.48 |
7.44 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.88 |
8.31 |
11.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.50 |
10.67 |
12.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.18 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.06 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.91 |
1.96 |
1.92 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.12.2011 |
31.12.2012 |
|
|
|
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
|
35.200 |
35.200 |
|
Reserves & Surplus |
|
631.927 |
750.191 |
|
Net
worth |
|
667.127 |
785.391 |
|
|
|
|
|
|
long-term borrowings |
|
0.000 |
0.000 |
|
Short term borrowings |
|
0.000 |
44.425 |
|
Total
borrowings |
|
0.000 |
44.425 |
|
Debt/Equity
ratio |
|
0.000 |
0.057 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
1,276.300 |
1,428.206 |
1,360.948 |
|
|
|
11.902 |
(4.709) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
1,276.300 |
1,428.206 |
1,360.948 |
|
Profit |
96.635 |
78.443 |
118.264 |
|
|
7.57% |
5.49% |
8.69% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
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 |
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 |
No |
|
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 |
NOTE: Registered office
address of the company has been shifted from 26/3 Ballgunge Circular Road, Flat
No.7, 3rd Floor, Kolkata – 700019, West Bengal, India to the present
address w.e.f. 05.05.2010
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10434735 |
07/05/2013 |
510,000,000.00 |
STATE
BANK OF INDIA |
SME
BRANCH, MECON CAMPUS, DORANDA, RANCHI, JHARKHAND - 834002, INDIA |
B78679156 |
|
2 |
10354142 |
30/06/2012
* |
303,000,000.00 |
ICICI
BANK LIMITED |
JAMSHEDPUR
BRANCH, NATRAJ MANSION, MAIN ROAD, BISTUPUR, JAMSHEDPUR, JHARKHAND - 831001,
INDIA |
B56367451 |
|
3 |
10139504 |
07/05/2013
* |
913,000,000.00 |
STATE
BANK OF INDIA |
SME BRANCH,
MECON CAMPUS, DORANDA, RANCHI, JHARKHAND - 834002, INDIA |
B78664968 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 records 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] 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.59.20 |
|
|
1 |
Rs.99.52 |
|
Euro |
1 |
Rs.80.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
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 |
|
47 |
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.