1. Summary Information
|
Country |
India |
||
|
Company Name |
AMD INDUSTRIES
LIMITED |
Principal Name 1 |
Mr. H.S. Gupta |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Prabhat Krishna |
|
Registration # |
55-17141 |
||
|
Street Address |
18, Pusa Road, 1st
Floor, Karol Bagh, New Delhi-110005 |
||
|
Established Date |
17.12.1983 |
SIC Code |
-- |
|
Telephone# |
91-11-46830202 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-28753591 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Crown Corks |
|
|
# of employees |
250
(Approximately) |
Product Name 2 |
Pet Performs |
|
Paid up capital |
Rs. 191,667,000/- |
Product Name 3 |
CSD Plastic Closures |
|
Shareholders |
Shareholding
of Promoter and Promoter Group 65.79%, Public Shareholding 34.21% |
Banking |
State Bank of |
|
Public Limited Corp. |
Yes |
Business Period |
31 Years |
|
IPO |
Yes |
International Ins. |
- |
|
Public |
Yes |
Rating |
Ba
(42) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary |
-- |
AMD Estates and Developers Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,070,397,000 |
Current Liabilities |
363,172,000 |
|
Inventories |
577,760,000 |
Long-term Liabilities |
829,743,000 |
|
Fixed Assets |
869,273,000 |
Other Liabilities |
230,508,000 |
|
Deferred Assets |
000 |
Total Liabilities |
1,423,423,000 |
|
Invest& other Assets |
60,670,000 |
Retained Earnings |
963,010,000 |
|
|
|
Net Worth |
1,154,677,000 |
|
Total Assets |
2,578,100,000 |
Total Liab. & Equity |
2,578,100,000 |
|
Total Assets (Previous Year) |
2,448,963,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
1,569,437,000 |
Net Profit |
15,903,000 |
|
Sales(Previous yr) |
1,820,078,000 |
Net Profit(Prev.yr) |
65,032,000 |
MIRA INFORM REPORT
|
Report Date : |
29.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
AMD INDUSTRIES LIMITED (w.e.f. December 2007) |
|
|
|
|
Formerly Known
As : |
AMD METPLAST PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
18, Pusa Road, 1st Floor, Karol Bagh, New Delhi-110005,
Delhi |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
17.12.1983 |
|
|
|
|
Com. Reg. No.: |
55-17141 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.191.667 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L28122DL1983PLC017141 |
|
|
|
|
Legal Form : |
A Public Limited Liability company. The company’s Share are Listed on
the Stock Exchange. |
|
|
|
|
Line of Business
: |
Manufacturing and Packaging Solutions such as cocks, Plastic Closures,
crown caps etc. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4620000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Trade relations are fair. Business is active. Payment terms are reported
to be slow but correct. The company can be considered for 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
India’s current account deficit for the fiscal third quarter ended September
2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from $31.9
billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports and
moderation in gold imports. Manufacturing activity and new orders in India
showed their strongest growth in a year in February. The news comes as a relief
after data showed Asia’s third largest economy grew by a slower-than-expected
4.7 % annually in the three months through December. The HSBC Manufacturing
Purchasing Managers’ Index which gauges the business activity of India’s
factories but not its’ utilities, rose to 52.5 in February, its highest in a
year from 51.4 in January. Overall new orders for factory goods which rose to a
one-year high of 54.9 contributed to the surge. China has emerged as India’s
biggest trading partner in the current financial year replacing the United Arab
Emirates and pushing it to the third spot. India-China trade has reached $49.5
billion with a 8.7 % share in India’s total trade. The US comes second at $46
billion with 8.1 % share during the first nine months of the current financial
year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities = BB+ (Suspended) |
|
Rating Explanation |
Moderate risk of default and high credit risk |
|
Date |
07.01.2013 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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 : |
Mr. H.S. Agarwal |
|
Designation : |
Senior Accounts Manager |
|
Contact No.: |
91-1-46830202 |
|
Date : |
06.03.2014 |
LOCATIONS
|
Registered Office/ Head Office : |
18, |
|
Tel. No.: |
91-11-46830202 |
|
Fax No.: |
91-11-28753591 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office 2 : |
E-2/3, Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Mumbai - 400
072, Maharashtra, India |
|
Tel. No.: |
91-22-28470652 |
|
Fax No.: |
91-22-28525207 |
|
|
|
|
Branch Office
(Delhi) : |
4-E/8, First Floor, Jhandewalan Ext., New Delhi-110055 |
|
Tel. No.: |
91-11-2352237 |
|
|
|
|
Factory 1 : |
C-4 and C-5, |
|
Tel No.: |
91-11-28758645/ 28750649 |
|
Location : |
Owned |
|
|
|
|
Factory 2: |
SP-32, RIICO Industrial Area, Neemrana, Distt: Alwar, Rajasthan, India
|
|
Location : |
Owned |
|
|
|
|
Regional Offices: |
|
|
|
802, “Rajman” 7th Cross, 4th Block, V.R. Pura,
Bellayout, Banalore-560097, |
|
E Mail : |
|
|
Location : |
Rented |
|
|
|
|
|
231, Sreepuram Colony, Malakpeto, Hyderabad-500036, |
|
E Mail: |
|
|
Location : |
Rented |
|
|
|
|
Mumbai Office: |
Sri Krishna Society, Building No. 2, Flat No. 4, Ground Floor, Near
Amber Hotel, Shahad Railway Station, Kalyan West, Mumbai, Maharashtra, India |
|
E Mail: |
|
|
Location : |
Rented |
DIRECTORS
As on 31.03.2013
|
Name : |
Mr. H.S. Gupta |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. Ashok Gupta |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. Adit Gupta |
|
Designation : |
Whole time Director |
|
|
|
|
Name : |
Mr. Mahipal Ahluwalia |
|
Designation : |
Independent Director |
|
|
|
|
Name : |
Mr. Seshadri Ratnam |
|
Designation : |
Independent Director |
|
|
|
|
Name : |
Mr. Prabhat Krishna |
|
Designation : |
Independence Director |
KEY EXECUTIVES
|
Name : |
Mr. H.S. Agarwal |
|
Designation : |
Senior Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.12.2013
|
Category of Shareholder |
Total No. of Shares |
Total
Shareholding as a % of Total No. of Shares |
|
|
||
|
(A) Shareholding
of Promoter and Promoter Group |
||
|
|
|
|
|
|
12609361 |
65.79 |
|
|
12609361 |
65.79 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
12609361 |
65.79 |
|
(B) Public
Shareholding |
||
|
|
|
|
|
|
|
|
|
|
556693 |
2.90 |
|
|
|
|
|
|
4127700 |
21.54 |
|
|
1737731 |
9.07 |
|
|
135264 |
0.71 |
|
|
134709 |
0.70 |
|
|
40 |
0.00 |
|
|
2 |
0.00 |
|
|
513 |
0.00 |
|
|
6557388 |
34.21 |
|
Total Public
shareholding (B) |
6557388 |
34.21 |
|
Total (A)+(B) |
19166749 |
100.00 |
|
(C) Shares held by
Custodians and against which Depository Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
19166749 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Packaging Solutions such as cocks, Plastic Closures,
crown caps etc. |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Exports : |
|
||||||||
|
Products : |
Finished Goods |
||||||||
|
Countries : |
|
||||||||
|
|
|
||||||||
|
Imports : |
|
||||||||
|
Products : |
Raw Material |
||||||||
|
Countries : |
|
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Credit (30 days / 60 days) |
||||||||
|
|
|
||||||||
|
Purchasing : |
Credit (30 days / 60 days) |
PRODUCTION STATUS (As On 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
Crowns |
Cases |
192375.28 |
|
CSD Closures |
Nos. |
608128906 |
|
Pet Pre Form |
Nos. |
104673493 |
|
Resin Consumed in above production Job Work undertaken for Pet Perform
|
MT |
3421.163 |
|
Resin Consumed |
MT |
7787.816 |
GENERAL INFORMATION
|
Customers : |
|
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|
No. of Employees : |
250 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Facilities : |
(Rs. in Millions)
Note : Long-term borrowings Details of Repayment Terms and Security against the Term Loans (Rs. in Millions)
Short-term borrowings Details of Security and terms against the Short
Term Borrowings from Banks
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Statutory Auditors : |
|
|
Name : |
Suresh and Associates Chartered Accountants |
|
Address : |
3A, Big Jo’s Tower, |
|
|
|
|
Internal
Auditors: |
|
|
Name : |
B.L. Khandelwal and Company Chartered Accountant |
|
Address : |
1, Doctor’s Lane, Gole Market, New Delhi-110001, |
|
|
|
|
Secretarial Auditors: |
|
|
Name : |
AGG and Associates Company Secretaries |
|
Address : |
21/16, 2nd Floor, West Patel Nagar, New Delhi – 110008,
India |
|
|
|
|
Legal Counsels: |
|
|
Name : |
Mr. Dinesh Kumar Gupta Advocate |
|
Address : |
C-58, Vivek Vihar, Phase – I, New Delhi – 110095, India |
|
|
|
|
Subsidiaries : |
|
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000000 |
Equity Shares |
Rs. 10/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
19166749 |
Equity Shares |
Rs. 10/- each |
Rs.191.667
Millions |
|
|
|
|
|
Notes:
Reconciliation of the shares outstanding at the beginning and at the end
of the reporting period
- Details of shares held by the holding
company, the ultimate holding company, their subsidiaries and associates:
|
Particulars |
Opening Balance |
Closing Balance |
|
Equity shares with voting rights |
|
|
|
Year ended 31 March, 2013 |
|
|
|
- Number of shares |
19,166,749 |
19,166,749 |
|
- Amount (Rs. In Millions) |
191.667 |
191.667 |
|
|
|
|
- Details of shares held by each
shareholder holding more than 5% shares: As on 31 March, 2013
|
Class of shares / Name of shareholder |
Number of shares
held |
% holding in
that class of shares |
|
Equity shares with voting rights |
|
|
|
Harswarup Gupta |
2,575,604 |
13.4379% |
|
Ashok Gupta |
3,427,796 |
17.8841% |
|
Chitra Gupta |
1,200,945 |
6.2658% |
|
Adit Gupta |
3,284,126 |
17.1345% |
|
Ashok Sons (HUF) |
982,500 |
5.1261% |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
191.667 |
191.667 |
|
(b) Reserves & Surplus |
|
963.010 |
967.156 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1,154.677 |
1,158.823 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
513.783 |
282.236 |
|
(b) Deferred tax liabilities
(Net) |
|
81.547 |
84.712 |
|
(c) Other long term liabilities |
|
0.823 |
0.925 |
|
(d) long-term provisions |
|
16.313 |
14.575 |
|
Total
Non-current Liabilities (3) |
|
612.466 |
382.448 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
315.960 |
353.581 |
|
(b) Trade payables |
|
317.625 |
230.353 |
|
(c) Other current liabilities |
|
148.138 |
172.331 |
|
(d) Short-term provisions |
|
29.234 |
151.427 |
|
Total
Current Liabilities (4) |
|
810.957 |
907.692 |
|
|
|
|
|
|
TOTAL |
|
2,578.100 |
2,448.963 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
868.382 |
853.634 |
|
(ii) Intangible Assets |
|
0.891 |
1.243 |
|
(iii) Capital work-in-progress |
|
7.837 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
52.833 |
55.986 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
474.980 |
477.809 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
1,404.923 |
1,388.672 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
577.760 |
369.527 |
|
(c) Trade receivables |
|
309.174 |
365.805 |
|
(d) Cash and cash equivalents |
|
41.414 |
42.230 |
|
(e) Short-term loans and
advances |
|
234.960 |
164.934 |
|
(f) Other current assets |
|
9.869 |
117.795 |
|
Total
Current Assets |
|
1,173.177 |
1,060.291 |
|
|
|
|
|
|
TOTAL |
|
2,578.100 |
2,448.963 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
191.667 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
924.400 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1116.067 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
791.297 |
|
|
2] Unsecured Loans |
|
|
55.160 |
|
|
TOTAL BORROWING |
|
|
846.457 |
|
|
DEFERRED TAX LIABILITIES |
|
|
82.309 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2044.833 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
918.614 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
55.524 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
486.606
|
|
|
Sundry Debtors |
|
|
259.885
|
|
|
Cash & Bank Balances |
|
|
72.052
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
870.600
|
|
Total
Current Assets |
|
|
1689.143
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
300.918
|
|
|
Other Current Liabilities |
|
|
72.367
|
|
|
Provisions |
|
|
245.163
|
|
Total
Current Liabilities |
|
|
618.448
|
|
|
Net Current Assets |
|
|
1070.695
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2044.833 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1569.437 |
1820.078 |
1232.442 |
|
|
|
Job Work |
0.000 |
0.000 |
129.505 |
|
|
|
Other Income |
13.200 |
6.906 |
55.856 |
|
|
|
TOTAL (A) |
1582.637 |
1826.984 |
1417.803 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
966.214 |
1020.338 |
928.950 |
|
|
|
Purchases of Stock-in-Trade |
0.031 |
2.046 |
0.000 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(62.194) |
57.401 |
0.000 |
|
|
|
Employees benefits expense |
111.994 |
114.407 |
0.000 |
|
|
|
Other expenses |
360.163 |
369.648 |
0.000 |
|
|
|
Cost of Goods Sold – Trading Goods and Real Estate |
0.000 |
0.000 |
0.078 |
|
|
|
Manufacturing Expenses |
0.000 |
0.000 |
150.808 |
|
|
|
Office and Administrative Expenses |
0.000 |
0.000 |
90.732 |
|
|
|
Selling and Distribution Expenses |
0.000 |
0.000 |
64.277 |
|
|
|
Miscellaneous expenses written off |
0.000 |
0.000 |
0.286 |
|
|
|
Increase/(Decrease) in Finished Goods |
0.000 |
0.000 |
(83.483) |
|
|
|
TOTAL (B) |
1376.208 |
1563.840 |
1151.648 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
206.429 |
263.144 |
266.155 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
101.032 |
107.346 |
116.377 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
105.397 |
155.798 |
149.778 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
82.790 |
76.253 |
72.008 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
EXCEPTIONAL ITEMS AND TAX |
22.607 |
79.545 |
77.770 |
|
|
|
|
|
|
|
|
|
Less/ Add |
EXCEPTIONAL
ITEMS - PROFIT/(LOSS) ON SALE/WRITTEN OFF OF FIXED ASSETS |
0.009 |
24.144 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
22.616 |
103.689 |
77.770 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.713 |
38.657 |
20.038 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
15.903 |
65.032 |
57.732 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
2.000 |
|
|
|
Dividend |
17.250 |
19.167 |
19.167 |
|
|
|
Tax on Dividend |
2.798 |
3.109 |
3.257 |
|
|
BALANCE CARRIED
TO THE B/S |
(4.145) |
42.756 |
33.308 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
128.427 |
349.440 |
184.950 |
|
|
TOTAL EARNINGS |
128.427 |
349.440 |
184.950 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
497.544 |
490.365 |
370.454 |
|
|
|
Component and Spare Parts |
1.133 |
3.343 |
8.737 |
|
|
|
Capital Goods |
67.439 |
10.553 |
39.620 |
|
|
|
Purchase of Trading Goods |
0.000 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
566.116 |
504.261 |
418.811 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.83 |
3.39 |
3.01 |
|
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2013 |
30.09.2013 |
31.12.2013 |
|
|
Unaudited |
Unaudited |
Unaudited |
|
|
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
|
|
|
|
|
|
Net Sales |
629.700 |
352.500 |
257.700 |
|
Total Expenditure |
504.600 |
312.5000 |
257.200 |
|
PBIDT (Excl OI) |
125.100 |
40.000 |
0.400 |
|
Other Income |
1.400 |
1.900 |
1.500 |
|
Operating Profit |
126.500 |
41.900 |
1.900 |
|
Interest |
24.600 |
27.700 |
25.600 |
|
Exceptional Items |
0.000 |
0.000 |
(0.200) |
|
PBDT |
102.000 |
14.200 |
(23.800) |
|
Depreciation |
25.100 |
18.600 |
20.000 |
|
Profit Before Tax |
76.900 |
(4.300) |
(43.800) |
|
Tax |
2.500 |
2.500 |
(1.800) |
|
Provisions and contingencies |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
74.400 |
(6.800) |
(45.600) |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
0.000 |
|
Net Profit |
74.400 |
(6.800) |
(45.600) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.00
|
3.56
|
4.07
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.44
|
5.69
|
6.31
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.90
|
4.33
|
4.60
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.09
|
0.07
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.72
|
0.55
|
0.55
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.45
|
1.17
|
2.73
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
|
191.667 |
191.667 |
|
Reserves & Surplus |
|
967.156 |
963.010 |
|
Net
worth |
|
1,158.823 |
1,154.677 |
|
|
|
|
|
|
long-term borrowings |
|
282.236 |
513.783 |
|
Short term borrowings |
|
353.581 |
315.960 |
|
Total
borrowings |
|
635.817 |
829.743 |
|
Debt/Equity
ratio |
|
0.549 |
0.719 |
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 |
1,232.442 |
1,820.078 |
1,569.437 |
|
|
|
47.681 |
(13.771) |
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 |
1,232.442 |
1,820.078 |
1,569.437 |
|
Profit After Tax |
57.732 |
65.032 |
15.903 |
|
|
4.68% |
3.57% |
1.01% |
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% |
No |
|
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 |
---- |
|
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 |
Yes |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Short Term
Borrowings |
|
|
|
Loans repayable on demand |
|
|
|
From banks Unsecured |
1.655 |
38.855 |
|
Loans and advances from related parties |
64.485 |
25.986 |
|
|
|
|
|
Total |
66.140 |
64.841 |
Notes :
Short Term
Borrowings
Details of terms and conditions Short Term Borrowings received from
Related parties
|
Name of Party |
Terms of Repayment |
Rate of Interest |
|
H.S. Gupta |
Payable on demand |
12% |
|
Ashok Gupta |
Payable on demand |
12% |
|
Adit Gupta |
Payable on demand |
12% |
|
Ashoka Productions and Communications Private Limited |
Payable on demand |
12% |
OPERATIONS REVIEW
PACKAGING
BUSINESS:
During the year the Company registered a total turnover and other income
of Rs. 1582.637 Millions as compared to previous year’s turnover and other
income of Rs. 1826.984 Millions a decline of 13.37% over the previous year. The
Company registered a Profit before Financial Costs, Depreciation and Taxation
of Rs. 206.749 Millions (excluding income from exceptional items) as compared
to Rs. 263.144 Millions (excluding income from exceptional items) recording a
decline of 21.43% (approx.), whereas Net Profit at Rs. 16.223 Millions as
compared to Rs. 65.032 Millions the previous year, which shows a decrease of
81.28% (approx.). The decline in profits is due to rise in production costs,
mainly rise in power and fuel costs, further the conversion rate also did not
match with the such hike. The decline in the sales has effected due to sharp
decline in export, which in turn has eroded heavily the profits of the year.
This decline is mainly in the export of Crown Caps from 9406.249 Millions cases
is 2011-12 to 2208.332 Millions cases in 2012-13.
TEXTILE BUSINESS:
The market scenario for the textile industry in the country as a whole
remained continuously discouraging. The Company remained on the same policy of
putting on hold the Textile project.
REAL ESTATE
BUSINESS:
The real estate market of the country has been showing stagnant growth. Development of Commercial Complex on the land
of Company’s subsidiary AMD Estates and Developers Private Limited situated at
Sector-114, Gurgaon, Haryana has been started, in which Company also holds
interest, which is being carried out by VSR Infratech Private Limited, New
Delhi under the Collaboration Agreement for the said development.
MANAGEMENT
DISCUSSION AND ANALYSIS
The Company has put in efforts and strengthened its place in terms of
Country’s share for providing packaging range to the soft drinks and other
beverages industry. Company’s plants at both the places, i.e. at Ghaziabad,
Uttar Pradesh and Neemrana, Rajasthan, are in operations.
The Company continued catering to the packaging needs of Beverages
Industry of the country by way of supplying packaging for carbonated soft
drinks (CSD), mineral waters, beer etc. Major chunk of Company’s supply
remained to beverages Industry which is growing at about 18% per annum and
alcoholic beverages industry mainly beer which is growing at a rate of about
10% per annum. The Company is looking to new market segments such as fruit
juices, milk products, edible oil etc. and other cosmetics items which is
slowly moving to packaging items remained the same and the Company is capable
of manufacturing of those packaging. The Company therefore, expects development
of new market segments in the years to come and making continuous efforts in
that direction. Due to adverse market scenario of Textile Industry in India,
the project undertaken by the Company for setting up of integrated Textile Unit
at Distt. Haridwar, Uttarakhand has continued to be kept on hold for the time
being.
The real estate sector has been showing stagnant growth for some time
now. The development of commercial complex at the land of Company’s subsidiary
AMD Estates and Developers Private Limited situated at Sector 114, Gurgaon,
Haryana for which the said subsidiary had entered into a collaboration
agreement with VSR Infratech Private Limited, has been started and is
progressing slowly in which Company holds interest.
INDUSTRY SECTORS
PACKAGING
The packaging industry supplying packing solutions to beverages industry
are mainly divided into two formats viz., PET Bottles and Glass Bottles.
PET Bottles are also divided into two segments such as Plastic Closures
and PET Preforms. Plastic Closures are mainly used in CSD PET Bottles for
beverages, mineral water and juices. The requirements of closures with respect
to design and quality depend upon the need of the end-user. PET Bottles
required by the Beverages Industry are being manufactured and supplied by the
Packaging Industry in Preform shapes and being blown-up at the time of filling
beverages. Various other end-users have also started using plastic bottles as
packaging medium. The usage of PET Bottles shows an increasing trend in
products like edible oil, personal care products, pharmaceuticals and
confectioneries. The usage of PET Bottles in Alcoholic Beverages Industry is
also on the rise. Glass bottles used as a packaging item requires crown caps as
closure.
The Company manufactures Crown Caps which are mainly used as metallic
closures for various edible items packed in glass bottles e.g. Carbonated Soft
Drinks, Beer, Juices, Sauces, Ready-to-drink Milk products etc.
REAL ESTATE
The Real Estate market is mainly divided into two zone one is the
residential and the other is commercial. The company possesses interest in
Commercial land.
OUTLOOK
PACKAGING
The Overall Beverage Packaging Industry is growing at over 12% per
annum. The continued trend of shifting customer base from glass bottles to PET
Bottles is being seen in a positive note.
SEGMENT WISE/
PRODUCT WISE REVIEW
CROWNS CAPS
The use of glass bottles has been seen steady or little bit de-growth
whereby the use of Returnable Glass Bottle (RCB) has been seen in reducing
trends. Due to which crown market has been recording a sharp negative growth as
a packaging item. In order to offset this, the Company is making vigorous
efforts to explore the export market. Though the export has declined sharply in
this year, the efforts are being continued to increase the share of exports by
finding new markets abroad.
However, AMD remained one of the dominant players in the crown caps
market having approx. 15% market share during the year. The Company expects the
increase in sales in domestic market in year to come.
PLASTIC CLOSURES
The plastic closure market has been continuously getting its momentum
due to increased usage of PET Bottles. The organized market is still dominated
by the CSD but it is expected that other usage will also form significant share
of the overall market. The demand of plastic closures will increase in segments
where PET Bottles are gaining foothold as packaging media like water, juices,
edible oil etc.
PET PREFORMS
With the expansion of putting up of one line of Preform at works at
Neemrana, Rajasthan the Company’s market share in PET Preform market has also
increased and after its successful start, the Company has planned to install
6th PET Preform line at its same works and expect to install the same by the
mid of June, 2013 which will further strengthen the production, but due to
having seasonal nature of the business the growth will be reflected in 2014. It
will further increase the productions capacity of the Company. The packaging
Industry in PET segment has been growing by over 15-20%.
CORPORATE
INFORMATION
The Company is engaged in the Manufacturing of Pet Preform, Crown Caps
and CSD Closures. The company is also engaged in job work operation of
preforms. The company is continuously catering to the packaging needs of
Beverages and Beer Industry of the country and abroad. The company has also
interest in the Real Estates.
CONTINGENT
LIABILITIES
|
Claims against the
Company not acknowledged as debt |
31.03.2013 (Rs. In Millions ) |
|
Guarantees - Corporate Guarantee for Subsidiary Company i.e. AMD Estates and Developers Private Limited |
230,000 |
|
Other money for which the Company is contingently liable against pending legal case |
|
|
- Sales Tax Matters |
19,510 |
|
- Entry Tax Matters |
2,285 |
|
- Excise Matters |
10,425 |
|
- Labour Dispute |
522 |
|
|
32,742 |
Note :
The Company has not received any Memorandum, (as required to be filed by the supplier which are registered with the Notified Authority under the provisions of the Micro, Small and Medium Enterprises Development Act, 2006) claiming their status as on 31st March 2013 as Micro, Small and Medium Enterprise. Consequently, interest paid/payable to these parties during the year is NIL.
STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS
ENDED 31.12.2013
|
|
|
|
|
|
Rs in Millions |
|
|
|
Particulars |
Quarter Ended |
Quarter Ended |
9 month Ended |
||
|
|
31.12.2013 |
30.09.2013 |
31.12.2013 |
|||
|
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||
|
1 |
(a) Net Sales/Income from Operations |
248.936 |
344.311 |
1207.242 |
||
|
|
(b)Other Operating Income |
8.718 |
8.196 |
32.574 |
||
|
|
Total income from operations (net) |
257.654 |
352.507 |
1239.816 |
||
|
2 |
Expenditure |
|
|
|
||
|
|
(a) |
Cost of materials consumed |
180.007 |
197.187 |
734.674 |
|
|
|
(b) |
Purchases of stock-in-trade |
10.863 |
0.031 |
10.894 |
|
|
|
(c) |
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(33.889) |
9.872 |
4.916 |
|
|
|
(d) |
Employee benefits expense |
25.789 |
25.520 |
76.125 |
|
|
|
(e) |
Depreciation and amortisation expenses |
20.002 |
18.562 |
63.654 |
|
|
|
(f ) |
Other Expenditure |
74.464 |
79.876 |
247.665 |
|
|
|
|
Total Expenses |
277.236 |
331.048 |
1137.928 |
|
|
3 |
|
Profit from
operation before other income, interest and other exceptional items(1-2) |
(19.582) |
21.459 |
101.888 |
|
|
4 |
|
Other Income |
1.481 |
1.874 |
4.785 |
|
|
5 |
|
profit before
interest and exceptional items(3+4) |
(18.101) |
23.333 |
106.673 |
|
|
6 |
Interest / Finance Cost |
25.548 |
27.655 |
77.748 |
||
|
7 |
Profit after interest but before exceptional items(5-6) |
(43.649) |
(4.322) |
28.925 |
||
|
8 |
Exceptional Items |
(0.150) |
-- |
(0.150) |
||
|
9 |
Profit(+)/Loss(-) from Ordinary Activities before tax (7-8) |
(43.799) |
(4.322) |
28.775 |
||
|
10 |
Tax Expenses |
1.750 |
2.500 |
6.750 |
||
|
11 |
Net Profit(+)/Loss(-) from Ordinary Activities after tax( 9-10) |
(45.549) |
(6.822) |
22.025 |
||
|
12 |
Extra Ordinary Items |
-- |
--- |
-- |
||
|
13 |
Net Profit(+)/Loss(-) for the period (11-12) |
(45.549) |
(6.822) |
22.025 |
||
|
14 |
Share of profit/(loss) of associates |
-- |
-- |
--- |
||
|
15 |
Minority Interest |
--- |
--- |
--- |
||
|
16 |
Net Profit/(Loss)
after taxes, minority interest and share of profit/(loss) of
associates(13+14- 15) |
(45.549) |
(6.822) |
22.025 |
||
|
17 |
Paid-up equity share capital (Face value of Rs.10/- each) |
191667490 |
191667490 |
191667490 |
||
|
18 |
Reserves excluding revaluation reserves |
963.010 |
963.010 |
963.010 |
||
|
19 |
Earning Per Share |
|
|
|
||
|
(a) |
Basic and diluted EPS before Extraordinary items for the period, for
the year to date and for the previous year(not to be annualised) |
(0.238) |
(0.36) |
1.15 |
||
|
(b) |
Basic and diluted EPS after
Extraordinary items for the period, for the year to date and for the previous
year(not to be annualised) |
(0.238) |
(0.36) |
1.15 |
||
|
20 |
Public Shareholding |
|
|
|
||
|
|
Number of Shares |
6557388 |
7415899 |
6557388 |
||
|
|
Percentage of Shareholding |
34.21% |
38.69% |
34.21% |
||
|
21 |
Promoters and Promoter group |
|
|
|
||
|
|
a) Pledged/Encumbered |
|
|
|
||
|
|
Number of shares |
-- |
-- |
--- |
||
|
|
Percentage of Shares (as a % of the total shareholding of promoter and
promoter group) |
--- |
--- |
--- |
||
|
|
Percentage of Shares (as a % of the total share capital of the
Company) |
-- |
-- |
--- |
||
|
|
b) Non-encumbered |
|
|
|
||
|
|
Number of shares |
12609361 |
11750850 |
12609361 |
||
|
|
Percentage of Shares (as a % of the total shareholding of promoter and
promoter group) |
100% |
100% |
100% |
||
|
|
Percentage of Shares (as a % of the total share capital of the
Company) |
65.79% |
61.31% |
65.79% |
||
|
Particulars |
Quarter Ended 31.12.2013 |
|
INVESTOR COMPLAINTS
|
|
|
Pending at the beginning of the quarter |
Nil |
|
Received during the quarter |
Nil |
|
Disposed of during the quarter |
Nil |
|
Remaining un resolved at the end of the quarter |
Nil |
UNAUDITED SEGMENT –
WISE REVENUE RESULT AND CAPITAL EMPLOYED THE YEAR ENDED 31.12.2013
|
|
|
|
|
|
Rs
in Millions |
|
|
Particulars |
Quarter Ended |
Quarter Ended |
Year Ended |
|
|
|
31.12.2013 |
30.09.2013 |
31.12.2013 |
||
|
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
||
|
1 |
Segment
Revenue |
|
|
|
|
|
|
a) Segment - A (Packaging Division) |
257.654 |
352.507 |
1239.816 |
|
|
|
b) Segment - B (Real Estate Division) |
-- |
-- |
-- |
|
|
|
Unallocated |
-- |
-- |
-- |
|
|
|
Total |
257.654 |
352.507 |
1239.816 |
|
|
|
Less : Inter Segment Revenue |
|
|
|
|
|
2 |
Segment Results (Profit(+)/(Loss) (-) before tax and interest from each segment) |
257.654 |
352.507 |
1239.816 |
|
|
|
(a) Segment - A (Packaging Division) |
(15.063) |
26.411 |
115.386 |
|
|
|
(b) Segment - B (Real Estate Division) |
(3.188) |
(3.078) |
(8.863) |
|
|
|
(C) Unallocated |
-- |
-- |
-- |
|
|
|
Total |
(18.251) |
23.333 |
106.523 |
|
|
|
Less : (i) Interest |
25.548 |
27.655 |
77.748 |
|
|
|
Total Profit Before Tax |
(43.799) |
(4.322) |
28.775 |
|
|
3 |
(Segment assets - Segement Liabilities |
|
|
|
|
|
|
a) Segment - A (Packaging Division) |
765.449 |
798.475 |
765.449 |
|
|
|
b) Segment - B (Real Estate Division) |
416.254 |
423.776 |
416.254 |
|
|
|
(c) Unallocated |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Total |
1181.703 |
1222.251 |
1181.703 |
|
Notes:
1- The above
audited financial results have been reviewed by the Audit Committee and
approved by the Board of Directors at its meeting held on 07.02.2014.
2- The packaging business
of the Company is a seasonal business, as such; the performance of the business
may not be representative of the annual performance of the Company.
3- Deferred tax
liability has been calculated as per Accounting Standard "AS-22”.
4- Previous years'
figures have been regrouped /Rearrange/recast wherever necessary.
5- The
construction of Commercial Complex on Company's subsidiary M/s AMD Estates
& Developers Private Limited's land at Sector -114, Gurgaon, Haryana has
been started under collaboration agreement with M/s VSR Infratech Private
Limited
Fixed Assets
- Land
- Building
- Plant and
Machinery
- Vehicle
- Computer
- Furniture,
Fixtures and Fitting
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.60.70 |
|
|
1 |
Rs.100.11 |
|
Euro |
1 |
Rs.83.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.