MIRA
INFORM REPORT
|
Report Date : |
14.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
MINERAL ENTERPRISES LIMITED |
|
|
|
|
Registered
Office : |
Khanija Bhavan, 3rd Floor, West Wing, #49, Race Course Road,
Bangalore – 560001, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
04.12.1962 |
|
|
|
|
Com. Reg. No.: |
001473 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.950 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U14219KA1962PLC001473 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Extraction of Iron Ore |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 26233288 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. The company possesses a healthy financial profile marked by
comfortable liquidity position and a debt free capital structure during 2013. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of experience of the promoters, the subject can be considered
normal for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
State-run banks hired nearly 300000
personnel including more than 94000 officers in the last four years, according
to the Indian Banks Association. A study by trade lobby Assocham in September
2013 indicated that banks would need 800000 people in the next six years. It
estimated that state-run lenders alone would hire 50000 people in 2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to Rs
1 mn or more in their savings bank accounts in the current financial year. It
plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund based facility : BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
|
|
|
Rating |
Fund based facility : A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
November, 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 (PARCIAL DETAILS)
|
Name : |
Mr. Ravi |
|
Designation : |
Manager Finance |
|
Contact No.: |
91-80-42459746 |
|
Date : |
06.03.2014 |
LOCATIONS
|
Registered Office : |
Khanija Bhavan, 3rd Floor, West Wing, #49, Race Course
Road, Bangalore – 560001, Karnataka, India |
|
Tel. No.: |
91-80-42459746 |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Factory 1 : |
Located at: Bangalore |
DIRECTORS
AS ON 22.07.2013
|
Name : |
Mr. Basant Poddar |
|
Designation : |
Director |
|
Address : |
487, 10m Cross, R M V Extn,
Bangalore – 560080, Karnataka, India |
|
Date of Birth/Age : |
12.10.1959 |
|
Date of Appointment : |
29.09.1983 |
|
DIN No.: |
00119976 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U14219KA1962PLC001473 |
MINERAL ENTERPRISES
LIMITED |
Managing
director |
01/04/2008 |
29/09/1983 |
- |
Active |
NO |
|
2 |
U85110KA1967PTC001684 |
K.L.PODDAR AND
SONS PRIVATE LIMITED |
Director |
24/10/1983 |
24/10/1983 |
- |
Active |
NO |
|
3 |
U13209KA1957PTC001280 |
KARNATAK MINING COMPANY
PRIVATE LIMITED |
Director |
01/01/1988 |
01/01/1988 |
- |
Amalgamated |
NO |
|
4 |
U14200KA1975PTC002776 |
NANDI ENGINEERS
PRIVATE LIMITED |
Director |
12/01/1995 |
12/01/1995 |
- |
Active |
NO |
|
5 |
U05190KA2004PTC034914 |
GOA ORCHIDS PRIVATE
LIMITED |
Director |
25/10/2004 |
25/10/2004 |
21/05/2009 |
Active |
NO |
|
6 |
U05190KA2004PTC035150 |
LINKWELL
ENTERPRISES PRIVATE LIMITED |
Director |
02/12/2004 |
02/12/2004 |
15/02/2011 |
Active |
NO |
|
7 |
U18201KA1953PTC000754 |
SAJJAN INVESTMENTS
PRIVATE LIMITED |
Director |
12/04/2006 |
12/04/2006 |
22/01/2013 |
Active |
NO |
|
8 |
U01122KA2007PTC044224 |
Karnataka
Nurseries Private Limited |
Director |
26/10/2007 |
26/10/2007 |
08/01/2013 |
Active |
NO |
|
9 |
U45203KA2008PTC046572 |
CHITRADURGA
LOGISTICS PRIVATE LIMITED |
Director |
26/05/2008 |
26/05/2008 |
22/01/2013 |
Active |
NO |
|
10 |
U70102KA2009PTC052009 |
Jacaranda
Estates Private Limited |
Director |
31/12/2009 |
31/12/2009 |
- |
Active |
NO |
|
Name : |
Mr. Vikram Poddar |
|
Designation : |
Director |
|
Address : |
487, 10m Cross, R M V Extn,
Bangalore – 560080, Karnataka, India |
|
Date of Birth/Age : |
12.12.1954 |
|
Date of Appointment : |
11.08.1980 |
|
DIN No.: |
00119903 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U85110KA1967PTC001684 |
K.L.PODDAR AND
SONS PRIVATE LIMITED |
Director |
10/08/1980 |
10/08/1980 |
- |
Active |
NO |
|
2 |
U13209KA1957PTC001280 |
KARNATAK MINING
COMPANY PRIVATE LIMITED |
Director |
11/08/1980 |
11/08/1980 |
- |
Amalgamated |
NO |
|
3 |
U14219KA1962PLC001473 |
MINERAL
ENTERPRISES LIMITED |
Whole-time
director |
01/04/2008 |
11/08/1980 |
20/09/2013 |
Active |
NO |
|
4 |
U05190KA2004PTC035150 |
LINKWELL
ENTERPRISES PRIVATE LIMITED |
Director |
02/12/2004 |
02/12/2004 |
15/02/2011 |
Active |
NO |
|
Name : |
Mr. Ashwin Paul |
|
Designation : |
Director |
|
Address : |
N0.2, Ashley Road Off Brunton Road Bangalore – 560025 Karnataka,
India |
|
Date of Birth/Age : |
19.12.1969 |
|
Date of Appointment : |
19.12.2011 |
|
DIN No.: |
01786873 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U45203KA2003PLC032183 |
HASSAN MANGALORE
RAIL DEVELOPMENT COMPANY LIMITED |
Nominee director |
08/11/2004 |
08/11/2004 |
- |
Active |
NO |
|
2 |
L15431WB1979PLC032425 |
NAVIN AGRO
INDUSTRIES LTD |
Director |
15/09/2011 |
10/01/2011 |
22/10/2012 |
Active |
NO |
|
3 |
U14219KA1962PLC001473 |
MINERAL
ENTERPRISES LIMITED |
Director |
18/09/2012 |
19/12/2011 |
- |
Active |
NO |
|
4 |
AAA-3529 |
CHITRADURGA
MINERAL TRANSPORT INFRASTRUCTURE DEVELOPMENT LLP |
Body corporate as
Designated Partner |
25/01/2011 |
25/01/2011 |
- |
Active |
NO |
|
5 |
AAA-5506 |
AVGSPN MINING
ASSOCIATES LLP |
Designated
Partner |
08/07/2011 |
08/07/2011 |
- |
Active |
NO |
|
Name : |
Mr. Hukam Raj Jain |
|
Designation : |
Director |
|
Address : |
No. 13, MTCS Extn, 5th Cross,
RMS Colony, Sanjay Nagar Bangalore
560094, Karnataka, India |
|
Date of Birth/Age : |
20.09.1946 |
|
Date of Appointment : |
10.08.2007 |
|
DIN No.: |
00112282 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U66010KA1986GAT007830 |
Acmeapex
Insurance Surveyors and Loss Assessors Private Limited |
Director |
12/11/1992 |
12/11/1992 |
02/09/2008 |
Active |
NO |
|
2 |
U18201KA1953PTC000754 |
SAJJAN
INVESTMENTS PRIVATE LIMITED |
Director |
12/04/2006 |
12/04/2006 |
- |
Active |
NO |
|
3 |
U14219KA1962PLC001473 |
MINERAL
ENTERPRISES LIMITED |
Director |
30/06/2009 |
10/08/2007 |
- |
Active |
NO |
|
4 |
U01122KA2007PTC044224 |
Karnataka
Nurseries Private Limited |
Director |
26/10/2007 |
26/10/2007 |
- |
Active |
NO |
|
5 |
U45203KA2008PTC046572 |
CHITRADURGA
LOGISTICS PRIVATE LIMITED |
Director |
26/05/2008 |
26/05/2008 |
- |
Active |
NO |
|
6 |
U14200KA1975PTC002776 |
NANDI ENGINEERS
PRIVATE LIMITED |
Director |
15/10/2012 |
15/10/2012 |
- |
Active |
NO |
|
Name : |
Mr. Leonard Anthony Dean |
|
Designation : |
Director |
|
Address : |
3/6,
Marine Pde Kingscliff New South Wales Australia |
|
Date of Birth/Age : |
12.10.1946 |
|
Date of Appointment : |
27.08.2008 |
|
DIN No.: |
02288789 |
KEY EXECUTIVES
|
Name : |
Mr. Hukam Raj Jain |
|
Designation : |
Director |
|
Address : |
No. 13, MTCS Extn, 5th Cross,
RMS Colony, Sanjay Nagar Bangalore
560094, Karnataka, India |
|
Date of Birth/Age : |
20.09.1946 |
|
Date of Appointment : |
01.09.2006 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 22.07.2013
|
Name of
Shareholders |
No. of Shares |
%age |
|
|
5000 |
5.03 |
|
Basant Poddar |
74470 |
74.84 |
|
|
5000 |
5.03 |
|
Vandana Poddar |
15000 |
15.08 |
|
Hukam Raj Jain |
10 |
0.01 |
|
Ashwin Paul |
10 |
0.01 |
|
Balakrishnan Krishnamurthy |
10 |
0.01 |
|
Total |
99,500 |
100.00 |
AS ON 22.07.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
99.97 |
|
Other top fifty shareholders |
0.03 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Extraction of Iron Ore |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
|||||||||
|
|
|
|||||||||
|
Customers : |
Not Divulged |
|||||||||
|
|
|
|||||||||
|
No. of Employees : |
Not Divulged |
|||||||||
|
|
|
|||||||||
|
Bankers : |
· State Bank of Mysore, Bangalore Main Branch, No.664/665, Avenue Roadq, Bangalore - 560009, Karnataka, India · The Hongkong and Shanghai Banking Corporation Limited, 7 M G Road, Bangalore - 560001, Karnataka, India · Standrard Chatered Bank, Raheja Towers, M.G.Road, Bangalore - 560001, Karnataka, India · Yes Bank Limited, 9th Floor, Nehru Centre, Discovery Of India,, Dr. Annie Besant Road, Worli,, Mumbai - 400018, Maharashtra, India · ICICI Bank Limited, ICICI Bank Towers, No.1, Commissariat Towers, Bangalore - 560025, Karnataka, India |
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajagopal and Badrinarayanan Chartered Accountant |
|
Address : |
No.25, Padmashree Mansion, II Floor,1st Cross, Sampige
Road, Malleswaram, Bangalore-560003 |
|
|
|
|
Subsidiaries : |
· Sajjan Investments Private Limited, India · Ferromet International, Singapore ·
Ferromet International Trading Pte Ltd,
Singapore |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99500 |
Equity Shares |
Rs.100/-
each |
Rs.9.950
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 |
9.950 |
9.950 |
9.950 |
|
(b) Reserves & Surplus |
6548.372 |
4053.335 |
4188.674 |
|
(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) |
6558.322 |
4063.285 |
4198.624 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
116.142 |
102.682 |
104.345 |
|
(c) Other long term liabilities |
121.313 |
121.313 |
85.959 |
|
(d) long-term provisions |
8.824 |
6.864 |
7.410 |
|
Total Non-current Liabilities (3) |
246.279 |
230.859 |
197.714 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
119.061 |
120.555 |
|
(b) Trade payables |
142.215 |
106.523 |
196.152 |
|
(c) Other current
liabilities |
724.054 |
653.232 |
566.124 |
|
(d) Short-term provisions |
1196.553 |
0.000 |
358.013 |
|
Total Current Liabilities (4) |
2062.822 |
878.816 |
1240.844 |
|
|
|
|
|
|
TOTAL |
8867.423 |
5172.960 |
5637.182 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1207.336 |
1405.533 |
1606.583 |
|
(ii) Intangible Assets |
1.794 |
2.536 |
4.227 |
|
(iii) Capital
work-in-progress |
71.407 |
123.886 |
148.075 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4864.133 |
1872.631 |
1473.955 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
89.355 |
164.202 |
171.322 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
6234.025 |
3568.788 |
3404.162 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
103.350 |
322.681 |
355.228 |
|
(c) Trade receivables |
338.712 |
92.993 |
401.607 |
|
(d) Cash and cash
equivalents |
443.338 |
362.772 |
432.868 |
|
(e) Short-term loans and
advances |
263.209 |
478.320 |
380.813 |
|
(f) Other current assets |
1484.789 |
347.406 |
662.504 |
|
Total Current Assets |
2633.398 |
1604.172 |
2233.020 |
|
|
|
|
|
|
TOTAL |
8867.423 |
5172.960 |
5637.182 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5120.490 |
783.584 |
4925.975 |
|
|
|
Other Income |
834.175 |
282.241 |
233.158 |
|
|
|
TOTAL (A) |
5954.665 |
1065.825 |
5159.133 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
987.575 |
424.282 |
1273.856 |
|
|
|
Purchase of Stock In Trade |
0.000 |
0.000 |
519.759 |
|
|
|
Changes in inventories of Finished goods, work in progress and stock
in trade |
262.945 |
26.552 |
367.976 |
|
|
|
Employee benefits expenses |
137.046 |
91.434 |
107.863 |
|
|
|
Other Expenses |
597.906 |
154.621 |
1455.631 |
|
|
|
Exceptional Items |
1.602 |
8.003 |
14.268 |
|
|
|
TOTAL (B) |
1987.074 |
704.892 |
3739.353 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3967.591 |
360.933 |
1419.780 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
75.386 |
277.675 |
31.339 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3892.205 |
83.258 |
1388.441 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
187.155 |
220.258 |
133.247 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
3705.050 |
(137.000) |
1255.194 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1210.013 |
(1.661) |
262.329 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
2495.037 |
(135.339) |
992.865 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3781.101 |
3916.440 |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
6276.138 |
3781.101 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
25076.00 |
(1360.00) |
9979.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
41.90
|
(12.70) |
19.24 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
72.36
|
(17.48) |
25.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
94.23
|
(4.31) |
31.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56
|
(0.03) |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
NA
|
0.03 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
1.83 |
1.80 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
9.950 |
9.950 |
9.950 |
|
Reserves & Surplus |
4188.674 |
4053.335 |
6548.372 |
|
Net worth |
4,198.624 |
4,063.285 |
6,558.322 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
120.555 |
119.061 |
0.000 |
|
Total
borrowings |
120.555 |
119.061 |
0.000 |
|
Debt/Equity
ratio |
0.029 |
0.029 |
0.000 |
YEAR ON YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
4925.975 |
783.584 |
5120.490 |
|
|
|
-84.093 |
553.470 |
NET PROFIT MARGIN
|
Net Profit
Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
4925.975 |
783.584 |
5120.490 |
|
Profit |
992.865 |
-135.339 |
2495.037 |
|
|
20.16% |
-17.27% |
48.73% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
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 |
No |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
80041527 |
14/03/2011 * |
650,000,000.00 |
STANDARD CHARTERED BANK |
RAHEJA TOWERS, 6TH FLOOR, NO.26-27,
M.G.ROAD, BAN |
B08109324 |
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] 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.61.02 |
|
|
1 |
Rs.101.65 |
|
Euro |
1 |
Rs.85.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.