1. Summary Information
|
Country |
India |
||
|
Company Name |
Structural Water Proofing Company Private Limited |
Principal Name 1 |
Mr. Giles Austen Everitt |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Lubbertus Pieter Dijkema |
|
Registration # |
21-018695 |
||
|
Street Address |
38/1, Block-GN, Sector IV, V, Salt Lake City, Kolkata – 700091, West
Bengal, India |
||
|
Established Date |
21.03.1950 |
SIC Code |
-- |
|
Telephone# |
91-33-23573546 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-33-23573881 |
Business Style 2 |
Exporters |
|
Homepage |
Product Name 1 |
Construction Chemical |
|
|
# of employees |
Not Divulged |
Product Name 2 |
Waterproofing |
|
Paid up capital |
Rs.35,565,400/- |
Product Name 3 |
Flooring |
|
Shareholders |
Foreign holdings- 99.99%, Directors or
relatives of directors- 0.01% |
Banking |
HDFC
Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
64 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (47) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company Name |
CEO |
|
Subsidiary
|
-- |
SWC Engineering
Services Private Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
589,920,000 |
Current Liabilities |
636,035,000 |
|
Inventories |
172,814,000 |
Long-term Liabilities |
5,461,000 |
|
Fixed Assets |
72,952,000 |
Other Liabilities |
29,451,000 |
|
Deferred Assets |
4,492,000 |
Total Liabilities |
670,947,000 |
|
Invest& other Assets |
72,511,000 |
Retained Earnings |
146,234,000 |
|
|
|
Net Worth |
241,742,000 |
|
Total Assets |
912,689,000 |
Total Liab. & Equity |
912,689,000 |
|
Total Assets (Previous Year) |
608,048,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
1104,154,000 |
Net Profit |
47,652,000 |
|
Sales(Previous yr) |
831,771,000 |
Net Profit(Prev.yr) |
14,106,000 |
MIRA INFORM REPORT
|
Report Date : |
14.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
STRUCTURAL WATER PROOFING COMPANY PRIVATE LIMITED (w.e.f. 26.09.2002) |
|
|
|
|
Formerly Known
As : |
THE STRUCTURAL WATER PROOFING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
38/1, Block-GN, Sector IV, V, Salt Lake City, Kolkata – 700091, West
Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
21.03.1950 |
|
|
|
|
Com. Reg. No.: |
21-018695 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 35.565 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36992WB1950PTC018695 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS06072D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporters of all kinds of Construction Chemical like
Waterproofing, Epoxies, Plasticizers, Roof Waterproofing, Flooring etc. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
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 |
|
Maximum Credit Limit : |
USD 967000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The management has filed the latest financial for the year 2013 but same
could not be made available from government department. As per available financial record of 2012, the company has achieved
fair profitability from its operational activities. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for the business dealings at usual trade
terms and condition. |
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 (30.09.2013) |
Current Rating (01.12.2013) |
|
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.
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
Management Non Co-operative
(Contact No.: 91-33-23573546)
LOCATIONS
|
Registered/
Corporate Office : |
38/1, Block-GN, Sector IV, V, Salt Lake City, Kolkata – 700 091, West
Bengal, India |
|
Tel. No.: |
91-33-23573546/ 23573547/ 23573548/ 23574981/ 82/ 23574798/ 40102700 |
|
Fax No.: |
91-33-23573881 |
|
E-Mail : |
francois.nguyen@chryso-swc.com |
|
Website : |
|
|
Area : |
2200 Sq. ft. |
|
Location : |
Leased |
|
|
|
|
Factory 1 : |
Plot No. 1401/1,
3rd Phase, GIDC, Vapi – 396 195, |
|
Tel. No.: |
91-260-2433928/
2420673 |
|
Fax No.: |
91-260-2433928/
2400828 |
|
|
|
|
Factory 2 : |
8/1, |
|
Area : |
2200 sq. ft. |
|
Location : |
Leased |
|
|
|
|
Branches : |
·
Noida B – z9, Sector – IV, District Ghaziabad, Gautam Buddha Nagar, Noida,
Uttar Pradesh – 201301, India Location : Leased ·
Vapi C-1-6124/6125, 4th Phase, G.I.D.C., Vapi- 396195, Gujarat,
India Location : Leased ·
Mumbai 54 and 56, Mahavir Centre, Sector – 17, Vashi, Navi Mumbai – 400703,
Maharashtra, India. Tel. 91-22-27893601 Fax. 91-22-27893571 E-Mail: swcmumbai@sify.com ·
406, Deepali, 92, Tel. 91-11-26435432 / 26445680 Fax. 91-11-26221055 / 26416861 E-Mail: swcdelhi@satyam.net.in H-19/B, Sector -9, Noida – 201 301, Uttar
Pradesh Tel No.: 91-120-4763200 Fax No.: 91-120-4763222 E-Mail: swcdelhi@satyam.net.in ·
Chennai No.2, Tel No: 91-44-2442371 Fax No: 91-44-244422476 E-Mail: 12345@yahoo.co.in A-39, SIDCO Industrial Estate, Pattarvakkam, Ambattur, Chennai – 600
098,. Tamil Nadu Tel No.: 91-44-26248757/43111443 Fax No.: 91-44-26247901 E-Mal: swcchn123@yahoo.co.in G-6, Brown Nest Apartment, No. 73, 2nd Main Road, Gandhi
Nagar, Adyar, Chennai – 600020, Tamilnadu, India |
|
|
|
|
Business
Centre : |
Mr. U.C. Karan, C/O: Dr. Anand
Prabhakaran, 112, K.D. Flats
C.H. Area, Mobile No: 91-943134884 |
DIRECTORS
(AS ON 27.09.2013)
|
Name : |
Mr. Giles Austen Everitt |
|||||||||||||||||||||||||||
|
Designation : |
Managing director |
|||||||||||||||||||||||||||
|
Address : |
1001/1002, 10th Floor, Capri Heights CHSL, ST Andrews Road,
Palt Hill, Bandra (West), Mumbai – 400050, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.04.1967 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
27.09.2013 |
|||||||||||||||||||||||||||
|
DIN No : |
06644886 |
|||||||||||||||||||||||||||
|
Other
Directorship:
|
||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Lubbertus Pieter Dijkema |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
263 BD Jean Jaures Boulogne Billan Court France 92100 |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.05.1958 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
20.12.2006 |
|||||||||||||||||||||||||||
|
DIN No : |
01186155 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Eesure Fabienne Nathalie
Conus |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
15, RUE Anatole Chatou, France-78400 |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.03.1967 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
17.09.2009 |
|||||||||||||||||||||||||||
|
DIN No : |
02646715 |
|||||||||||||||||||||||||||
|
Other
Directorship:
|
||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Thierry Pierre Bernard |
|||||||||||||||||||||||||||
|
Designation : |
Additional Director |
|||||||||||||||||||||||||||
|
Address : |
55 RUE Cortambert Paris 75116 France |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.05.1968 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2012 |
|||||||||||||||||||||||||||
|
DIN No : |
05180554 |
|||||||||||||||||||||||||||
|
Other
Directorship:
|
||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Dipanjan Sarkar |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
E/11, Kajjunagar Colony, Kolkata – 700032, West Bengal, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.01.1972 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
27.09.2013 |
|||||||||||||||||||||||||||
|
DIN No : |
06629029 |
|||||||||||||||||||||||||||
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 |
U36992WB1950PTC018695 |
STRUCTURAL WATER
PROOFING CO PVT LTD |
Director |
27/09/2013 |
01/08/2013 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 27.09.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Chryso Sas, France |
|
455534 |
|
Nguyen Franoois |
|
25 |
|
|
|
|
|
Total |
|
455559 |
(AS ON 27.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
99.99 |
|
Directors or relatives of directors |
|
0.01 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporters of all kinds of Construction Chemical like
Waterproofing, Epoxies, Plasticizers, Roof Waterproofing, Flooring etc. |
||||
|
|
|
||||
|
Products : |
· Cement and
Concrete Water Proofers · Concrete and
Mortar Admixtures · Concrete AIDS · Protective Coatings,
Membranes and Impregnation · Grouts and
Groutings Additives · Floorings · Tunneling and
Shotcrete Products · Sealants · Tile Adhesives · Repairing
Compounds · Cement AIDS |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
· HDFC Bank Limited HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai –
400013, Maharashtra, India · HDFC Bank Limited 174A Block, G New Alipore, Kolkata – 700053, West Bengal, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A. R. Das and Associates Chartered Accountants |
|
Address : |
1,2 and 3 Woodburn court Woodburn Road Kolkata-700020, West Bengal,
India |
|
Email : |
|
|
PAN No.: |
AADFA8553H |
|
|
|
|
Holding Company : |
·
Chryso SAS, France |
|
|
|
|
Ultimate Holding company |
·
Materis France |
|
|
|
|
Subsidiaries : |
·
SWC Engineering Services Private Limited CIN No : U33125WB1988PTC044846 |
|
|
|
|
Fellow Subsidiaries : |
·
Chryso, INC. ·
Chryso South Africa ·
Chryso France ·
Parex Davco – Singapore ·
Parex Davco – Thailand ·
Parex Davco - Malayasia |
CAPITAL STRUCTURE
(AS ON 27.09.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
455559 |
Equity Shares |
Rs.10/- each |
Rs.45.556
Millions |
|
|
|
|
|
(AS ON 31.03.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3556540 |
Equity Shares |
Rs.10/- each |
Rs.35.565
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES
OF FUNDS |
|
|
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
35.565 |
|
(b) Reserves & Surplus |
|
|
146.234 |
|
(c) Money received against
share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
|
59.943 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
241.742 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities
(Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
5.228 |
|
(d) long-term provisions |
|
|
4.842 |
|
Total
Non-current Liabilities (3) |
|
|
10.070 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
5.461 |
|
(b) Trade payables |
|
|
631.131 |
|
(c) Other current liabilities |
|
|
24.223 |
|
(d) Short-term provisions |
|
|
0.062 |
|
Total
Current Liabilities (4) |
|
|
660.877 |
|
|
|
|
|
|
TOTAL |
|
|
912.689 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
72.437 |
|
(ii) Intangible Assets |
|
|
0.515 |
|
(iii) Capital work-in-progress |
|
|
72.511 |
|
(iv) Intangible assets under
development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
4.492 |
|
(d) Long-term Loan and Advances |
|
|
9.105 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total
Non-Current Assets |
|
|
159.060 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
172.814 |
|
(c) Trade receivables |
|
|
397.304 |
|
(d) Cash and cash equivalents |
|
|
142.014 |
|
(e) Short-term loans and
advances |
|
|
40.341 |
|
(f) Other current assets |
|
|
1.156 |
|
Total
Current Assets |
|
|
753.629 |
|
|
|
|
|
|
TOTAL |
|
|
912.689 |
|
SOURCES OF FUND |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
35.565 |
35.565 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
98.581 |
84.476 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
134.146 |
120.041 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
47.594 |
70.133 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
47.594 |
70.133 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
181.740 |
190.174 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
44.016 |
35.727 |
|
|
Capital work-in-progress |
|
19.711 |
3.555 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
11.136 |
13.196 |
|
|
4 |
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
130.337
|
80.589
|
|
|
Sundry Debtors |
|
317.777
|
251.338
|
|
|
Cash & Bank Balances |
|
43.897
|
25.507
|
|
|
Other Current Assets |
|
0.178
|
0.176
|
|
|
Loans & Advances |
|
40.996
|
31.383
|
|
Total
Current Assets |
|
533.185
|
388.993
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
228.364
|
|
|
Other Current Liabilities |
|
|
18.237
|
|
|
Provisions |
|
11.151
|
4.696
|
|
Total
Current Liabilities |
|
426.308
|
251.297
|
|
|
Net Current Assets |
|
106.877
|
137.696
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
181.740 |
190.174 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1104.154 |
831.771 |
645.893 |
|
|
|
Other Income |
6.379 |
22.588 |
22.664 |
|
|
|
TOTAL (A) |
1110.533 |
854.359 |
668.557
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
1035.383 |
813.156 |
632.929 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
75.150 |
41.203 |
35.628 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.657 |
11.591 |
10.326 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
73.493 |
29.612 |
25.302 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
10.897 |
7.745 |
7.077 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
62.596 |
21.867 |
18.225 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
40.729 |
7.761 |
(13.196) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
47.652 |
14.106 |
31.421 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(18.785) |
(32.891) |
(64.312) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
28.867 |
(18.785) |
(32.891) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
9.074 |
1.457 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.40 |
39.66 |
88.35 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.29
|
1.65
|
4.70
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.67
|
2.63
|
2.82
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.49
|
3.79
|
4.16
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.16
|
0.15
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.02
|
0.35
|
0.58
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14
|
1.25
|
1.55
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
645.893 |
831.771 |
1,104.154 |
|
|
|
28.778 |
32.747 |
NET PROFIT MARGIN
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
645.893 |
831.771 |
1,104.154 |
|
Profit After Tax |
31.421 |
14.106 |
47.652 |
|
|
4.86% |
1.70% |
4.32% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes
/ No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
change of address:-
The Registered office of the company has been shifted from “CICO House, 21/1,
OPERATIONS
The Directors report
that the company achieved a 32.42% positive growth in terms of gross turnover;
the gross turnover was Rs. 1229.200 Millions in the financial year which was
Rs. 928.200 Millions in the previous year.
A strategy to
focus on marketing of core business of concrete admixtures, concrete aids and
cement grinding aid backed by R and D and technical service. The company had
achieved a net profit of INR 625.96 Lakhs before tax.
To service the
growth, the manufacturing facilities were significantly upgraded in Kolkata
unit at Salt Lake, Vapi and Noida. The up gradation of facilities caused
doubling of production with much better control over RM dispensing, large
contribution to better HSE practices, less danger due to spillage, better
housekeeping etc.
Safety and concern
for the environment are the guiding principles for development of the
manufacturing facilities. In all units across pan India the safety and
environment measures are pursued in tune of the global standard of the parent
organization. Procurement and supply chain economies are an essential driver of
profitability. The international procurement processes of CHRYSO were
integrated in all zones to give a competitive lead in servicing Customers in
India.
FUTURE PROSPECTS
Marketing plans
have been made for each business unit to achieve the Five year business plans
set out in early 2011. The Group expert from abroad regularly visiting India to
conduct seminars for major customers. This is being followed up by technology
transfer visits. Considering the growth and future prospect of the business the
Company has initiated the process of setting up additional production Unit in
North India and In East.
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10105822 |
18/01/2011 * |
239,250,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B07479371 |
|
2 |
10105823 |
18/01/2011 * |
239,250,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B07479660 |
|
3 |
10068351 |
18/01/2011 * |
239,250,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W |
B07478878 |
* Date of charge modification
FIXED ASSETS:
· Land - Freehold
· Land - Leasehold
· Buildings
· Plant and Machinery
· Furniture and Fittings
· 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 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.61.86 |
|
|
1 |
Rs.103.06 |
|
Euro |
1 |
Rs.84.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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.