MIRA INFORM REPORT
|
Report Date : |
17.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
DHARAMPAL SATYAPAL LIMITED |
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Registered
Office : |
1711, S.P. Mukherjee Marg, Delhi – 110006 |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
11.12.1989 |
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Com. Reg. No.: |
55-038613 |
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Capital
Investment / Paid-up Capital : |
Rs. 215.143
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52110DL1989PLC038613 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELD06425G |
|
|
|
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PAN No.: [Permanent Account No.] |
AAACD0132H |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing and Selling of Flavoured Chewing Tobacco,
Pan Masala Containing Tobacco and Perfumery Compounds, Aromatic Spices and
Herbs, Composite Paper Cans and Plastic Caps etc. and also Marketing and
Dealing in Agricultural, Horticulture Business etc. and also carrying of
business of Hotels, Resorts, Restaurants etc. |
|
|
|
|
No. of Employees
: |
3500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 61800000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a flagship company of DS Group. It is an established
company having fine track record. Financial position of the company appears to be strong. Overall fundamentals
of the company appears to be sound and healthy. Directors are reported to be experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered 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
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 |
ICRA |
|
Rating |
Term Loans: A+ |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
March 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Loans: A1 |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
March 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. Kana Kamma |
|
Designation : |
Assistant of Chief Financial Officer |
|
Contact No.: |
91-120-4032200 |
|
Date : |
16.06.2014 |
LOCATIONS
|
Registered Office : |
1711, S.P. Mukherjee Marg, 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 : |
A-85, Sector 2, Noida – 201301, Uttar Pradesh, India
|
|
Tel. No.: |
91-120-4032200/ 2522140/ 3083333 |
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Fax No.: |
91-120-2522592/ 3083552 |
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E-Mail : |
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Manufacturing Units : |
Located at: · T&R Division at Guwahati · Food Division at Noida · Agartala |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Rajiv Kumar |
|
Designation : |
Director |
|
Address : |
E-1A, Maharani Bagh, New Delhi – 110065, India |
|
Date of Birth/Age : |
03.12.1962 |
|
Qualification : |
Graduate |
|
Experience : |
28 Years |
|
Date of Appointment : |
01.04.2011 |
|
PAN No.: |
AAAPK4569Q |
|
DIN No.: |
00028328 |
|
|
|
|
Name : |
Mr. Ravinder Kumar |
|
Designation : |
Director |
|
Address : |
E-1A, Maharani Bagh, New Delhi – 110065, India |
|
Date of Birth/Age : |
24.06.1954 |
|
Qualification : |
Graduate |
|
Experience : |
37 Years |
|
Date of Appointment : |
07.03.2008 |
|
PAN No.: |
AAAPK4245M |
|
DIN No.: |
00111113 |
|
|
|
|
Name : |
Mr. Puesh Kumar Gupta |
|
Designation : |
Whole-time director |
|
Address : |
43/1, Rajpur Road, Delhi – 110054, India |
|
Date of Birth/Age : |
27.09.1968 |
|
Qualification : |
Graduate |
|
Experience : |
24 Years |
|
Date of Appointment : |
01.04.2013 |
|
PAN No.: |
AAFPG4363L |
|
DIN No.: |
00041847 |
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|
|
|
Name : |
Mr. Ajay Kumar Gupta |
|
Designation : |
Whole-time director |
|
Address : |
43/1, Rajpur Road, Delhi – 110054, India |
|
Date of Birth/Age : |
18.11.1966 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.01.2011 |
|
PAN No.: |
AADPG4244K |
|
DIN No.: |
00040429 |
|
|
|
|
Name : |
Mr. Rajesh Kumar |
|
Designation : |
Whole-time director |
|
Address : |
A-16, Sector-26, Noida – 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
26.07.1964 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.05.2012 |
|
PAN No.: |
AAJPK4069L |
|
DIN No.: |
00029334 |
|
|
|
|
Name : |
Mr. Atul Jain |
|
Designation : |
Whole-time director |
|
Address : |
W-102, Greater Kailash Part –I, New Delhi – 110048, India |
|
Date of Birth/Age : |
21.02.1965 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.05.2012 |
|
PAN No.: |
ADNPJ3356N |
|
DIN No.: |
00060933 |
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|
|
|
Name : |
Mr. Gaurav Gupta |
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Designation : |
Whole-time director |
|
Address : |
43/1, Rajpur Road, Delhi – 110054, India |
|
Date of Birth/Age : |
30.08.1977 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.08.2011 |
|
DIN No.: |
00176271 |
|
|
|
|
Name : |
Mr. Ritesh Kumar |
|
Designation : |
Director |
|
Address : |
E-1A, Maharani Bagh, New Delhi – 100065, India |
|
Date of Birth/Age : |
03.09.1982 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.09.2005 |
|
DIN No.: |
00110720 |
|
|
|
|
Name : |
Mr. Raj Kumar Kakrania |
|
Designation : |
Director |
|
Address : |
H -1593, 2nd Floor, Chitranjan Park, New Delhi – 110019,
India |
|
Date of Birth/Age : |
24.12.1946 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
04.09.1998 |
|
DIN No.: |
00111292 |
|
|
|
|
Name : |
Mr. Anil Kumar Agarwal |
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Designation : |
Director |
|
Address : |
C-26, Block C, Greater Kailash –I, New Delhi – 110048, India |
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Date of Birth/Age : |
18.03.1958 |
|
Qualification : |
Chartered Accountant |
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Date of Appointment : |
28.02.2013 |
|
DIN No.: |
00648243 |
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|
|
|
Name : |
Mr. Chander Kant Sharma |
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Designation : |
Whole-time director |
|
Address : |
House No. 74, Asiad Village, Complex, New Delhi -110049, India |
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Date of Birth/Age : |
14.01.1953 |
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Qualification : |
LLM, Executive Master In International Business |
|
Date of Appointment : |
01.05.2012 |
|
DIN No.: |
03504135 |
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|
|
|
Name : |
Mr. Om Perkash Khanduja |
|
Designation : |
Whole-time director |
|
Address : |
261, DPS Apartment, Sector – 4, Dwarka, New Delhi – 110075, India |
|
Date of Birth/Age : |
01.02.1959 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
14.11.2011 |
|
PAN No.: |
AAVPK3913F |
|
DIN No.: |
02692548 |
KEY EXECUTIVES
|
Name : |
Mr. Amrendra Bahadur Singh |
|
Designation : |
Secretary |
|
Address : |
F 272/B, Pandav Nagar, New Delhi – 110091, India |
|
Date of Birth/Age : |
15.11.1965 |
|
Date of Appointment : |
17.11.2007 |
|
PAN No.: |
AAKPS7432A |
|
|
|
|
Name : |
Ms. Kana Kamma |
|
Designation : |
Assistant of Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Rajiv
Kumar |
|
4075867 |
|
Sunita
Gupta |
|
4091500 |
|
Suruchi |
|
215144 |
|
Swati |
|
215144 |
|
Rohan
Kumar |
|
963947 |
|
Riti |
|
215144 |
|
Ravinder
Kumar |
|
4088820 |
|
Rita
Kumari |
|
4092453 |
|
Ritesh
Kumar |
|
531825 |
|
Raghav
Kumar |
|
531824 |
|
Ravi
Kumar |
|
531824 |
|
Samit
Goela |
|
70267 |
|
Puesh Kumar |
|
348641 |
|
Sudha Rani Gupta |
|
30114 |
|
Vipul Gupta |
|
118879 |
|
Amogh |
|
19595 |
|
Vinod Kumari Gupta |
|
60229 |
|
Ajay Kumar |
|
768411 |
|
Ved Prakash Gupta |
|
77255 |
|
Rita Gupta |
|
30114 |
|
Rachna Gupta |
|
147031 |
|
Aruna Gupta |
|
147020 |
|
Rakesh Kumar Gupta |
|
71637 |
|
Rajesh Kumar Gupta |
|
71624 |
|
|
|
|
|
Total |
|
21514309 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
97.14 |
|
Other
top fifty shareholders |
2.86 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of Flavoured Chewing Tobacco,
Pan Masala Containing Tobacco and Perfumery Compounds, Aromatic Spices and Herbs,
Composite Paper Cans and Plastic Caps etc. and also Marketing and Dealing in
Agricultural, Horticulture Business etc. and also carrying of business of
Hotels, Resorts, Restaurants etc. |
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Products/ Services : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
· Europe · Australia |
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Imports : |
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Products : |
Machinery |
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Countries : |
· China · Korea · Taiwan |
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Terms : |
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Selling : |
Cash, Advance Payment, L/C and Credit |
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Purchasing : |
Cash, Advance Payment, L/C and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesaler and Retailer |
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No. of Employees : |
3500 (Approximately) |
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Bankers : |
· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India ·
Axis
Bank Limited ·
Andhra
Bank ·
State
Bank of Bikaner and Jaipur ·
Central
Bank of India ·
Dhanlaxmi
Bank Limited ·
I.C.I.C.I
Bank Limited · The Ratnakar Bank Limited, Shahupuri, Kolhapur, Vypari Peth, Kolhapur - 416001, Maharashtra, India · State Bank of India, SME Branch And Commercial Branch, Chandni Chowk and Connaught Circus, Delhi - 110006, India |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
BMW India Financial Services Private Limited, Tower C, 14th Floor, Building No. 10, DLF Cyber City, Phase-II, Gurgaon - 122002, Haryana, India |
|
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|
Auditors 1 : |
|
|
Name : |
Jain Singhal and Associates Chartered Accountants |
|
Address : |
M-6, M Block Market, Greater Kailash - II, New
Delhi-110048, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFJ1819Q |
|
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|
|
Auditors 2 : |
|
|
Name : |
H. R. Surendra and Associates Chartered Accountants |
|
Address : |
F - 11 / B, Sector-27, Noida-201301, Uttar Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAGPG5425K |
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Subsidiary
company : |
· Avichal Buildcon Private Limited [U70101DL2006PTC146777] · Dee Pee Kagaj Udyog Private Limited [U74899DL1978PTC008971] · Kailash Dwellers Private Limited [U45201DL2005PTC132746] · Abhisar Buildwell Private Limited [U70101DL2006PTC146854] · Abhijay Developers Private Limited [U45201DL2005PTC138376] · DS Business AG · Avichal Infrastructure Private Limited [U70101DL2006PTC146684] · Best Dwellers Private Limited [U45201DL2005PTC132749] · Bhaumik Buildwell Private Limited [U45201DL2005PTC142960] · Bhaumik Shelters Private Limited [U45201DL2005PTC142934] · Divyansh Mining Developers Private Limited [U10100ML2007PTC008292] · Divyansh Powergen Private Limited [U40108ML2007PTC008291] · DS Agri Estates Private Limited [U01122DL2006PTC144969] · DS Agrodevelopers Private Limited [U45200DL2006PTC155401] · DS Green Agrotech Private Limited [U01119DL2007PTC158135] · DS Hotels And Resorts (India) Limited [U55101DL2005PLC137295] · DS Realetors Private Limited [U74899DL2005PTC142931] · Galaxy Dwellers Private Limited [U45201DL2005PTC134989] · Hans Buildcon Private Limited [U45201DL2005PTC132741] · Hitech Dwellers Private Limited [U45201DL2005PTC134986] · Lord Krishna Dwellers Private Limited [U45201DL2005PTC132744] · Manas Dwellers Private Limited [U45201DL2005PTC138798] · Nilanchaal Cement Private Limited [U26940ML2007PTC008262] · Nilay Infrastucture Private Limited [U70101DL2006PTC146706] · Precision Dwellers Private Limited [U45201DL2005PTC132748] · R D Educational Institutes Private Limited [U80301DL2005PTC133729] · Revati Agrifarms Private Limited [U01403DL2006PTC155726] · Rishika Agrodevelopers Private Limited [U45200DL2006PTC155385] · S K R Properties Private Limited [U45201DL2003PTC122413] · Sabhrant Estates Private Limited [U45201DL2005PTC132733] · Sandarbh Buildcon Private Limited [U74899DL2005PTC142962] · Sandarbh Foods Private Limited [U15122DL2005PTC142933] · Santati Agriestates Private Limited [U45200DL2006PTC155489] · Seven R Hotels Private Limited [U55101DL2010PTC198671] · Shape Builders Private Limited [U45201DL2005PTC133110] · Silverlake Realtors Private Limited [U45201DL2004PTC127369] · Sindhudurg Hospitality Private Limited [U55101DL2010PTC204042] · Spiritual Dwellers Private Limited [U45201DL2005PTC136855] · Sunrise Dwellers Private Limited [U70101DL2005PTC135127] · Talish Agroestates Private Limited [U45200DL2006PTC155384] · Vachan Realtors Private Limited [U70109DL2006PTC150796] · Vihaan Agriestates Private Limited [U45200DL2006PTC155391] · Vintage Builders Private Limited [U45201DL2005PTC132742] · Vipra Realtors Private Limited [U70109DL2006PTC154203] · Yukti Construction Private Limited [U45201DL2005PTC138345] · DS (AS Sam) Hospitality Limited [U55102DL2007PLC166683] · DS Tsukioka Luxury Food Limited [U15400DL2010PLC206418] · Kolkatta Hotels Limited [U55101DL2001PLC112138] · Best Broadcasting Company Limited [U92490DL2012PLC229849] · Bharat Broadcasting Company Limited [U92100DL2012PLC230204] · Prive Luxury Limited [U52100DL2011PLC220344] · DS Luxury Retail Limited [U52100DL2011PLC216226] · DS Milk Product Limited [U15549DL2011PLC222337] · Goa Luxury Hotels and Resorts Private Limited [U55101DL2010PTC203921] · Sindhudurg Goa Hospitality Private Limited [U55101DL2010PTC204201] · DS Confectioner Limited [U15430DL2010PLC203919] · Sindhudurg Luxury Hotels And Resorts Private Limited [U55101DL2010PTC204643] · Catch Foods (India) Limited [U15495DL2006PLC154723] · DSL Global Pte Limited · Divyansh Cement And Infrastructure Private Limited · DS Guinee SARL |
|
|
|
|
Joint Venture : |
· Guwahati Metropolitan Development Authority · Tsukioka Company Limited, Japan(TCL) |
|
|
|
|
Fellow
Subsidiary company : |
· Manu Maharani Hotels Limited [U55101DL1988PLC033048] · Aradhaya Agrodevelopers Private Limited [U45200DL2006PTC155398] · Unnatish Agrodevelopers Private Limited [U70109DL2006PTC155393] · Vachan Developers Private Limited [U45200DL2006PTC153446] |
|
|
|
|
Enterprises
which are owned, or have significant influence of or are partners with
Key management personnel and their relatives : |
· Baba Global Limited [U74899DL1998PLC092459] · Dharam Pal Prem Chand Limited [U74100DL1972PLC006062] · Multi Plex Corporation Private Limited [U25202DL1996PTC076916] · Multiplex Corportaion · Santoshi Enterprises · Shree Santoshi Industries · Surajmal Srikishan Surya Kiran Trading Corporation · Dharampal Satyapal Sons Private Limited [U16008DL2004PTC123917] · Swastik Fragrances · Sankalp Infrastructure Private Limited [U00500DL2005PTC140832] · Pravek Kalp Private Limited [U24233DL2003PTC119437] · Meenakshi Stores · Shree Santoshi · Udyiog Aaress International Private Limited [U74899DL1994PTC060728] |
CAPITAL STRUCTURE
AFTER 30.09.2013
Authorised Capital : Rs. 740.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 215.143
Millions
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 220.000 Millions |
|
4,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 40.000 Millions |
|
|
Total |
|
Rs. 260.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21,514,309 |
Equity Shares |
Rs. 10/- each |
Rs. 215.143
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 |
215.143 |
215.143 |
215.143 |
|
(b) Reserves & Surplus |
10904.350 |
8371.222 |
6936.531 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Deferred Government
Grants |
4338.897 |
4457.847 |
4534.167 |
|
Total
Shareholders’ Funds (1) + (2) |
15458.390 |
13044.212 |
11685.841 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3344.389 |
2008.984 |
1626.915 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
162.132 |
73.513 |
35.694 |
|
(d)
long-term provisions |
21.086 |
13.063 |
1.462 |
|
Total
Non-current Liabilities (3) |
3527.607 |
2095.560 |
1664.071 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
2840.010 |
2551.014 |
1468.782 |
|
(b)
Trade payables |
1635.188 |
1107.409 |
876.581 |
|
(c)
Other current liabilities |
3706.301 |
2064.656 |
1856.921 |
|
(d)
Short-term provisions |
786.976 |
405.182 |
397.322 |
|
Total
Current Liabilities (4) |
8968.475 |
6128.261 |
4599.606 |
|
|
|
|
|
|
TOTAL |
27954.472 |
21268.033 |
17949.518 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1671.755 |
1573.006 |
1611.234 |
|
(ii)
Intangible Assets |
6.918 |
10.186 |
13.302 |
|
(iii)
Capital work-in-progress |
2402.807 |
888.163 |
412.316 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
12391.843 |
9582.276 |
7729.369 |
|
(c) Deferred tax assets
(net) |
69.160 |
64.788 |
53.496 |
|
(d) Long-term Loan and
Advances |
3471.816 |
2236.595 |
2719.419 |
|
(e)
Other Non-current assets |
15.524 |
103.862 |
102.324 |
|
Total
Non-Current Assets |
20029.823 |
14458.877 |
12641.460 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
138.358 |
|
(b)
Inventories |
3409.184 |
2948.259 |
2431.992 |
|
(c)
Trade receivables |
1606.913 |
428.311 |
376.617 |
|
(d)
Cash and cash equivalents |
1546.970 |
2553.974 |
1436.386 |
|
(e)
Short-term loans and advances |
1310.347 |
853.102 |
904.866 |
|
(f)
Other current assets |
51.235 |
25.510 |
19.839 |
|
Total
Current Assets |
7924.649 |
6809.156 |
5308.058 |
|
|
|
|
|
|
TOTAL |
27954.472 |
21268.033 |
17949.518 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
20949.691 |
13591.417 |
10873.788 |
|
|
|
Other Income |
193.618 |
165.630 |
96.661 |
|
|
|
TOTAL (A) |
21143.309 |
13757.047 |
10970.449 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
10526.475 |
7698.446 |
5696.283 |
|
|
|
Purchases of stock-in-trade |
17.396 |
62.623 |
0.221 |
|
|
|
Changes in inventories
of finished goods, work-in-progress and stock-in-trade |
(273.451) |
(297.031) |
114.286 |
|
|
|
Employee benefit expense |
1168.220 |
947.445 |
690.997 |
|
|
|
Other expenses |
5250.960 |
2787.620 |
2357.022 |
|
|
|
Prior period items |
7.021 |
2.905 |
3.308 |
|
|
|
TOTAL (B) |
16696.621 |
11202.008 |
8862.117 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4446.688 |
2555.039 |
2108.332 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
759.826 |
578.170 |
346.707 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3686.862 |
1976.869 |
1761.625 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
298.224 |
265.069 |
162.695 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3388.638 |
1711.800 |
1598.930 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
481.231 |
77.073 |
177.731 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2907.407 |
1634.727 |
1421.199 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of exports |
0.000 |
0.000 |
0.000 |
|
|
|
Interest |
28.104 |
29.173 |
22.163 |
|
|
TOTAL EARNINGS |
28.104 |
29.173 |
22.163 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
24.538 |
128.833 |
31.970 |
|
|
|
Packing Material |
18.353 |
2.092 |
0.000 |
|
|
|
Stores &
Spare/Capital Goods |
113.852 |
38.056 |
428.409 |
|
|
TOTAL IMPORTS |
156.743 |
168.981 |
460.379 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
135.00 |
76.00 |
66.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
13.75
|
11.88 |
12.95 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
16.18
|
12.59 |
14.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.89
|
15.95 |
16.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.13 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.40
|
0.35 |
0.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.88
|
1.11 |
1.15 |
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 |
215.143 |
215.143 |
215.143 |
|
Reserves & Surplus |
6936.531 |
8371.222 |
10904.350 |
|
Deferred Government Grants |
4534.167 |
4457.847 |
4338.897 |
|
Net
worth |
11685.841 |
13044.212 |
15458.390 |
|
|
|
|
|
|
long-term borrowings |
1626.915 |
2008.984 |
3344.389 |
|
Short term borrowings |
1468.782 |
2551.014 |
2840.010 |
|
Total
borrowings |
3095.697 |
4559.998 |
6184.399 |
|
Debt/Equity
ratio |
0.265 |
0.350 |
0.400 |
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 |
10873.788 |
13591.417 |
20949.691 |
|
|
|
24.992 |
54.139 |
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 |
10873.788 |
13591.417 |
20949.691 |
|
Profit |
1421.199 |
1634.727 |
2907.407 |
|
|
13.07% |
12.03% |
13.88% |
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 |
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 |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
IN
THE HIGH COURT OF DELHI AT NEW DELHI
CS(OS)
865/2012
GODFREY PHILLIPS INDIA LIMITED ..... Plaintiff
Through: Mr. Anusaya Nigam, Adv.
versus
DHARAMPAL SATYAPAL LIMITED and ANR ..... Defendants
Through: Ms.
Sushmita Das, Adv.
CORAM:
MS. NEELAM SINGH
(DHJS), JOINT REGISTRAR (JUDICIAL)
O
R D E R
01.05.2014
I.A. No.6279/2014 under Order VII
Rule 14 (3) r/w Section 151 CPc field by plaintiff for seeking leave to place
on record ceratin additional documents
Reply be filed by defendant within a week by serving
an advance copy of plaintiff.
Put up for consideration for this IA for 13.08.2014.
CS(OS) 865/2012
Matter is listed for fixing date of trails. It is
submitted by learned counsel for the plaintiff that he has been filed the list
of witnesses and affidavit of the witnesses.
Put up for 12.09.2014 for plaintiff evidence.
NEELAM SINGH (DHJS)
JOINT REGISTRAR (JUDL)
MAY 1, 2014/s
$ 14
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10501347 |
26/03/2014 |
50,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
C05671532 |
|
2 |
10458145 |
07/10/2013 |
500,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B88749437 |
|
3 |
10458183 |
07/10/2013 |
250,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B88770805 |
|
4 |
10450480 |
28/09/2013 * |
500,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B85839041 |
|
5 |
10425546 |
07/06/2013 * |
1,200,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B76794213 |
|
6 |
10429004 |
14/05/2013 |
200,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B76254499 |
|
7 |
10425268 |
06/05/2013 |
90,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B74982521 |
|
8 |
10425536 |
06/05/2013 |
250,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B75075176 |
|
9 |
10414096 |
21/03/2013 |
900,000,000.00 |
THE RATNAKAR
BANK LIMITED |
SHAHUPURI,
KOLHAPUR,, VYPARIPETH, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
B71545552 |
|
10 |
10392046 |
13/12/2012 |
160,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B64170459 |
|
11 |
10395873 |
27/11/2012 |
380,000,000.00 |
THE RATNAKAR
BANK LIMITED |
SHAHUPURI,
KOLHAPUR,, VYPARIPETH, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
B65473399 |
|
12 |
10376435 |
28/01/2013 * |
250,000,000.00 |
THE RATNAKAR
BANK LIMITED |
SHAHUPURI,KOLHAPUR,,
KOLHAPUR, MAHARASHTRA - 41600 |
B67693580 |
|
13 |
10368125 |
25/07/2012 |
40,000,000.00 |
BMW INDIA
FINANCIAL SERVICES PRIVATE LIMITED |
TOWER C, 14TH
FLOOR, BUILDING NO. 10, DLF CYBER CITY, PHASE-II, GURGAON, HARYANA - 122002,
INDIA |
B44717494 |
|
14 |
10332198 |
24/07/2012 * |
160,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B45368081 |
|
15 |
10335871 |
18/01/2012 |
100,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B32262313 |
|
16 |
10335881 |
18/01/2012 |
100,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B32267197 |
|
17 |
10326210 |
24/07/2012 * |
90,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B45365608 |
|
18 |
10297151 |
04/03/2014 * |
500,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BLDG.,
GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA -
400001, INDIA |
C01178664 |
|
19 |
10226095 |
06/11/2013 * |
140,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B90221755 |
|
20 |
80000030 |
21/03/2013 * |
4,506,300,000.00 |
STATE BANK OF
INDIA |
SME BRANCH AND COMMERCIAL
BRANCH, CHANDNI CHOWK AND CONNAUGHT CIRCUS, DELHI, DELHI - 110006, INDIA |
B73052599 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Deposits from directors |
10.000 |
0.000 |
|
Intercorporate deposits |
452.922 |
90.433 |
|
Other loans and advances |
162.261 |
360.605 |
|
|
|
|
|
Total |
625.183 |
451.038 |
ECONOMIC SCENARIO,
BUSINESS PERFORMANCE AND FUTURE OUT LOOK
In the current fiscal 2012-13 the two prime requisite for business,
i.e., comfort and confidence were at an abysmal low. Their economy faced high
inflation, lowest growth since 2004 and mounting fiscal deficit. They could not
capitalize on the strong fundamentals of their own economy for various factors
which include inadequate supply of infrastructure, corruption policy
instability etc. But it is also true that the global economy witnessed a number
of significant and interrelated challenges which hampered the growth across the
world. The debt crisis in euro zone have led to a long lasting crisis including
weak recovery in several other advanced economies including United States of
America. In India they found no signs of any sector shining, industrial growth
are down to 2-3%, virtually no investment took place in this fiscal. The
corporate sector performance was not encouraging with sales and profit declined
substantially due to slow down of demand and increased input costs. With all
the adversities and un-favorable market conditions they, however leveraged
their strength of pulling in new customers, reinforcing best prepared sales and
distribution strategy, cost productivity and innovation. This has resulted into
growth in turnover by 54% from Rs. 14666.154 Millions to Rs. 22609.398 Millions
and the PBT has increased by 98% from Rs. 1711.799 Millions to Rs. 3388.638
Millions.
The revival of growth in the advanced countries is expected to be slow
and uncertain at least in the near future. It is therefore, unlikely that the
support to Indian growth from the global economy will be significant. Hence,
India has to move quickly to restore domestic balance. Lower inflation will
give RBI the flexibility to reduce rates and provide additional fillip for
investment activity. In 2013-14 it is expected that India will grow by 6.5 to
6.7%. In Global Competitive Index (GCI), India is ranked 3rd in terms of the
market size. They as a company will continue to remain focused on their strong
fundamentals and hope to achieve higher growth in the coming year.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
Claims against the Company not acknowledged as debts |
0.606 |
0.606 |
|
Guarantees |
2596.186 |
1348.604 |
|
Other money for which company is contingently liable |
3114.903 |
2187.059 |
|
|
|
|
|
Total |
5711.695 |
3536.269 |
FIXED ASSETS:
·
Land
·
Office building
·
Factory building
·
Other plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Goodwill
·
Computer software
·
Patents
PRESS RELEASES
DS GROUP EXPECTS
CONFECTIONERY BIZ TURNOVER TO DOUBLE IN FY14
Sunday, June 09, 2013
New Delhi: Diversified firm Dharampal
Satyapal Group (DS Group) expects its revenues from the confectionery business
to nearly double in the current fiscal at Rs 2300.000 Millions and plans to
further expand the vertical with an investment of Rs 1500.000 Millions.
The Noida-based company, well known for its
consumer goods brands like 'Catch' and 'Pass Pass', had earmarked a total
investment of Rs 1500.000 Millions in the confectionery business for 2012 and
2013.
"The company's confectionery business
includes Pass Pass and Chingles, of which Pass Pass has closed at Rs 975.000
Millions and Chingles has posted nearly Rs 181.600 Millions in the last
financial year. The expected turnover for 2013-14 is Rs 2000.000-2300.000
Millions," DS Group Vice-Chairman Rajiv Kumar told PTI.
He said the company plans to add more products
under the chewing gum category in the near future followed by products under
the fast-growing non-gum non-chocolate (NGNC) category.
"The group had planned to invest Rs
1500.000 Millions in two years (2012 and 2013) in the confectionery business.
Nearly, Rs 850.000-900.000 Millions have already been invested in 2012. The
remaining amount will be invested this year," Kumar said.
However, the company has no plans to enter into
chocolate segment in the near future, he added.
As part of its plans to expand the confectionery
business, the company has set up a manufacturing facility for Chingles in Noida
with an investment of Rs 200.000 Millions.
"This plant has a capacity to produce 200
tonnes and will be adding another 200 tonnes capacity," Kumar said.
The company, which has presence in various
verticals, including FMCG, hospitality, tobacco, packaging and infrastructure,
had a turnover of around Rs 32000.000 Millions for the financial year ended
March 31, 2013.
DS GROUP TO INVEST RS
650.000 MILLIONS ON NEW BRAND 'YOMIL'
Wednesday, August 22, 2012
Noida: Dharampal Satyapal (DS)
Group that sells consumer goods under brands like Catch and Pass, on Wednesday
said it will be spending up to Rs 650.000 Millions to establish its new
milk-based powdered drink 'Yomil'.
The company, which had forayed into the powdered
beverages segment with 'Piyoz' brand in June this year, is expanding its
powdered beverage portfolio with the nationwide launch of Yomil.
"For this year, we have committed about Rs
600.000-650.000 Millions for the new brand. The funds would be utilised on
various activities, including machinery and marketing initiatives," DS
Group Confectionery and Powdered Concentrate Head Atanu Gangoly told reporters
here.
Yomil will be available in four flavours. The
product just requires addition of water in the concentrate to make a shake.
The company plans to sell the new brand though a
channel of eight lakh outlets across the country, Gangoly added.
When asked about revenues the company is
targeting from the new product, Gangoly said: "At an average scale, we are
looking at Rs 700.000-800.000 Millions sales target in the first year".
According to industry estimates, the powdered
soft drink segment in India is pegged at around Rs 5000.000 Millions per annum.
The Noida-headquartered firm has been foraying
into new categories. In April, it had announced an investment of Rs 1500.000
Millions for foray into confectionery segment.
It had launched 'Chingles' chewing gum under the
Pass brand umbrella as the first step of getting into the confectionery market.
DS Group also has presence in sectors such as
food and beverage, hospitality, mouth fresheners, tobacco, packaging and
infrastructure.
·
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. 60.01 |
|
|
1 |
Rs. 102.00 |
|
Euro |
1 |
Rs. 81.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
65 |
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.