MIRA INFORM REPORT
|
Report Date : |
03.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
C.T.R. MANUFACTURING INDUSTRIES LIMITED |
|
|
|
|
Registered Office
: |
Nagar Road, Pune - 411014 Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
18.12.1964 |
|
|
|
|
Com. Reg. No.: |
11-013087 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 18.858 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299MH1964PLC013087 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC7256R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
wide range of Transformer Ancillary Products and Plastic Film Capacitors. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There seems some dip in the profit of the company during 2013.
However, general position of the company seems to be decent. Trade relations are reported as fair. Business is active. Payment
terms are slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief information
officers at gathering in Bangalore in April to meet Indian startups at an event
called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term rating : A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
February 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating : A1 |
|
Rating Explanation |
Very strong degree of safety and lowest credit
risk. |
|
Date |
February 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. S. J. Gijare |
|
Designation : |
General Manager |
|
Contact No.: |
91-9765551467 |
|
Date : |
15.04.2014 |
LOCATIONS
|
Registered Office/ Fire Systems/ Handling
Equipment/ Intank Tapchanger/
International/ Petroleum Fire/ Railway Products/ Radiator/ Tapchanger Division
: |
Nagar Road, Pune – 411014, Maharashtra, India |
|
Tel. No.: |
91-20-26633402/ 3/ 4/ 5 |
|
Fax No.: |
91-20-26633425 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Regional North : |
506 International Trade Tower, Nehru Place, New Delhi – 110019, India |
|
Tel. No.: |
91-11-26280821/ 22 |
|
E-Mail : |
|
|
|
|
|
Corporate Regional East : |
"Avyarthana" 2nd Floor, 659, Kalikapur Road, E.M. Bypass
(Besides Spencers Shopping Mall), Kolkata – 700099, West Bengal, India |
|
Tel. No.: |
91-33-64517992 |
|
Fax No.: |
91-33-24848867 |
|
E-Mail : |
|
|
|
|
|
Tapchanger Zonal South Office: |
208, Mota Chambers, 9 Millers Road, Bangalore - 560052, Karnataka,
India E-mail: tzs@ctr.in |
|
|
|
|
|
E-79 MIDC, Ambad, Nasik - 422010 Maharashtra, India Tel No.: 91-253-2380451 Fax No.: 91-253-2380452 E-mail: nsk@ctr.in |
|
|
|
|
Export Office: |
506, International Trade Center, Nehru Place, New Delhi - 110019,
India E-mail: exports@ctr.in |
|
|
|
|
Electronics Division: |
E1, Chikalthana, Aurangabad - 431006, Maharashtra, India Fax: 91-240-2484128 E-mail: capacitors@ctr.in |
|
|
|
|
Electronics Subcenter/ Safety Products Division : |
B27, Chikalthana, Aurangabad - 431006, Maharashtra, India Fax: 91-240-2484128 E-mail: esc@ctr.in |
|
|
|
|
Electronics Zonal South Office: |
27, 7TH Cross, 6TH Block, Kormangala, Bangalore - 560095, Karnataka,
India E-mail: ezs@ctr.in |
|
|
|
|
Electronics Zonal West Office: |
403 B, Turf Estate, Shakti Mills Lang, Off Dr. E. Moses Road,
Mahalaxmi (West), Mumbai - 400001, Maharashtra, India Phone:91-22-24920454 E-mail: ezw@ctr.in |
|
|
|
|
Tapchanger/ Radiator Subcentre : |
E3, Chikalthana, Aurangabad - 431006, Maharashtra, India Phone : 91-240-2481469 Fax : 91-240-2480478 E-mail : tc2@ctr.in |
|
|
|
|
Power Quality Division : |
W-8 MIDC, Chikalthana, Aurangabad - 431006, Maharashtra, India Phone : 91-240-2485289/ 90 Fax : 91-240-2484128 E-mail : powerquality@ctr.in |
|
|
|
|
Division Office : |
Knowledge Outsourcing Division: A 401-408, Crystal Plaza, New Link Road, Andheri (West), Mumbai - 400053,
Maharashtra, India Fax: 91-22-40660707/ 08 E-mail: knowledgeoutsourcing@ctr.in |
DIRECTORS
As on: 26.06.2013
|
Name : |
Mr. Kewal Krishan Nohria |
|
Designation : |
Chairman |
|
Address : |
11, Aryavarta, 351, N Dabholkar Raod, Mumbai – 400006, Maharashtra,
India |
|
Date of Birth/Age : |
04.10.1932 |
|
Qualification : |
MBA (UK) |
|
Date of Appointment : |
15.07.2004 |
|
DIN No.: |
00060015 |
|
|
|
|
Name : |
Mr. Anil Pratap Kumar |
|
Designation : |
Managing director |
|
Address : |
57, Viman Nagar Colony Road, Pune – 411014, Maharashtra, India |
|
Date of Birth/Age : |
16.05.1948 |
|
Qualification : |
BSC (London),
MBA (Harvard) AMIEE (USA), MIEE (London) |
|
Date of Appointment : |
01.11.1989 |
|
DIN No.: |
00466438 |
|
|
|
|
Name : |
Mr. Brij Mohan Suri |
|
Designation : |
Director |
|
Address : |
206, Daffodils, 56, Pali Hills, Bandra, Mumbai – 400050, Maharashtra,
India |
|
Date of Birth/Age : |
12.04.1939 |
|
Qualification : |
FCA-England,
FCA-India |
|
Date of Appointment : |
15.07.2004 |
|
DIN No.: |
00786408 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 26.06.2013
|
Names of Shareholders |
|
No. of Shares |
|
Justice D V Vyas |
|
4 |
|
V G Row |
|
1 |
|
G K Dave |
|
4 |
|
Ittianath Puthanveetil Narayana Menon |
|
30 |
|
Shantilal Shamji Kamani |
|
10 |
|
Allan Bernard Sequeira |
|
10 |
|
Shirang Vyankatesh Yadgiri |
|
10 |
|
Kashinath Anant Sathe |
|
5 |
|
M Krishnamurthy |
|
5 |
|
Asha Shashikant Mahulikar |
|
5 |
|
Indu Vasudeo Taskar |
|
10 |
Equity Share Break up (Percentage of Total Equity)
As on: 26.06.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
73.93 |
|
Directors or relatives of directors |
|
16.69 |
|
Other top fifty shareholders |
|
5.07 |
|
Others |
|
4.31 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
wide range of Transformer Ancillary Products and Plastic Film Capacitors. |
||||||||||
|
|
|
||||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
ICICI Limited, 163, Bombay Reclamation, Pune - 411020,
Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
IL and FS Trust
Company Limited, Il and FS Financial Centre, Plot No C22, G Block, Bandra,
Kurla Complex, Bandra East, Mumbai – 400051, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
A.A. Bhat and Company Chartered Accountants |
|
Address : |
6, Hormony
House, 797/1A, Bhandarkar Institute Road, Pune – 411004, Maharashtra, India |
|
PAN No.: |
AABCA8461B |
|
|
|
|
Holding company: |
CIN No.: U67190MH2003PTC141976 |
|
|
|
|
Subsidiary company: |
CIN No.:U24134MH1986PTC038671 |
CAPITAL STRUCTURE
As on: 26.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
375000 |
Equity Shares |
Rs. 100/- each |
Rs. 37.500 Millions |
|
25000 |
Preference Shares |
Rs. 100/- each |
Rs. 2.500 Millions |
|
|
Total |
|
Rs. 40.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
188409 |
Equity Shares |
Rs. 100/- each |
Rs. 18.841
Millions |
|
|
Add: Forfeited Shares |
|
Rs. 0.017
Million |
|
|
Total |
|
Rs. 18.858 Millions |
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 |
|
18.858 |
18.858 |
|
(b) Reserves & Surplus |
|
760.922 |
664.613 |
|
(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) |
|
779.780 |
683.471 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
|
104.641 |
105.532 |
|
(b) Deferred tax
liabilities (Net) |
|
52.357 |
33.669 |
|
(c)
Other long term liabilities |
|
17.256 |
17.635 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
174.254 |
156.836 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
366.596 |
310.526 |
|
(b)
Trade payables |
|
404.173 |
272.709 |
|
(c)
Other current liabilities |
|
86.278 |
70.278 |
|
(d)
Short-term provisions |
|
55.711 |
53.765 |
|
Total
Current Liabilities (4) |
|
912.758 |
707.278 |
|
|
|
|
|
|
TOTAL |
|
1866.792 |
1547.585 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
496.877 |
373.550 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
163.294 |
163.980 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b)
Non-current Investments |
|
52.756 |
52.756 |
|
(c)
Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
33.971 |
58.938 |
|
(e)
Other Non-current assets |
|
20.762 |
18.250 |
|
Total
Non-Current Assets |
|
767.660 |
667.474 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
217.827 |
149.249 |
|
(c)
Trade receivables |
|
707.827 |
594.097 |
|
(d)
Cash and cash equivalents |
|
17.481 |
16.773 |
|
(e)
Short-term loans and advances |
|
147.249 |
113.312 |
|
(f)
Other current assets |
|
8.748 |
6.680 |
|
Total
Current Assets |
|
1099.132 |
880.111 |
|
|
|
|
|
|
TOTAL |
|
1866.792 |
1547.585 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
18.858 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
518.178 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
537.036 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
348.364 |
|
|
2] Unsecured Loans |
|
|
7.982 |
|
|
TOTAL BORROWING |
|
|
356.346 |
|
|
DEFERRED TAX LIABILITIES |
|
|
30.384 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
923.766 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
298.205 |
|
|
Capital work-in-progress |
|
|
123.161 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
52.756 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
149.946
|
|
|
Sundry Debtors |
|
|
503.230
|
|
|
Cash & Bank Balances |
|
|
18.927
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
173.327
|
|
Total
Current Assets |
|
|
845.430
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
220.483
|
|
|
Other Current Liabilities |
|
|
84.952
|
|
|
Provisions |
|
|
93.587
|
|
Total
Current Liabilities |
|
|
399.022
|
|
|
Net Current Assets |
|
|
446.408
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
3.236 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
923.766 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1513.025 |
1472.591 |
1363.200 |
|
|
|
Other Income |
17.854 |
11.129 |
6.415 |
|
|
|
TOTAL (A) |
1530.879 |
1483.720 |
1369.615 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
889.617 |
791.182 |
796.969 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(27.040) |
12.253 |
(17.081) |
|
|
|
Employee benefit expense |
197.583 |
173.653 |
162.980 |
|
|
|
Other expenses |
214.447 |
192.373 |
147.210 |
|
|
|
Exceptional items before tax |
20.454 |
13.347 |
8.071 |
|
|
|
TOTAL (B) |
1295.061 |
1182.808 |
1098.149 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
235.818 |
300.912 |
271.466 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
56.690 |
53.147 |
30.626 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
179.128 |
247.765 |
240.840 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
23.854 |
21.552 |
20.436 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
155.274 |
226.213 |
220.404 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
48.445 |
71.965 |
75.736 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
106.829 |
154.248 |
144.668 |
|
|
|
|
|
|
|
|
|
Add |
PRIOR PERIOD
ADJUSTMENT |
(2.702) |
(0.080) |
(0.263) |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
10.102 |
15.070 |
14.674 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
100.000 |
150.000 |
135.000 |
|
|
|
Dividend |
6.594 |
6.594 |
6.594 |
|
|
|
Tax on Dividend |
1.121 |
1.070 |
1.088 |
|
|
|
Transfer to Reserve for Doubtful Debts |
1.488 |
1.472 |
1.360 |
|
|
BALANCE CARRIED
TO THE B/S |
5.026 |
10.102 |
15.037 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
79.671 |
N.A. |
18.081 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
567.01 |
818.69 |
767.84 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
6.98 |
10.40 |
10.56 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.26 |
15.36 |
16.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.41 |
16.99 |
19.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.33 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.61 |
0.61 |
0.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21 |
1.25 |
2.11 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
18.858 |
18.858 |
|
Reserves & Surplus |
664.613 |
760.922 |
|
Net
worth |
683.471 |
779.780 |
|
|
|
|
|
long-term borrowings |
105.532 |
104.641 |
|
Short term borrowings |
310.526 |
366.596 |
|
Total
borrowings |
416.058 |
471.237 |
|
Debt/Equity
ratio |
0.609 |
0.604 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1,363.200 |
1,472.591 |
1,513.025 |
|
|
|
8.025 |
2.746 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1,363.200 |
1,472.591 |
1,513.025 |
|
Profit |
144.668 |
154.248 |
106.829 |
|
|
10.61% |
10.47% |
7.06% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
No |
|
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 LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Long term
borrowings |
|
|
|
Deferred payment liabilities |
4.619 |
5.801 |
|
|
|
|
|
Total |
4.619 |
5.801 |
OPERATIONS
During 2012-13 gross sales and income increased from Rs 1623.928 millions to Rs 1703.185 millions, and Profit before tax decreased from Rs 226.213 millions to Rs 155.274 millions due to market conditions that did not favour inflationary recovery.
OUTLOOK
The Company believes that if favourable market conditions prevail, demand for its products will register a better growth in 2013-14.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10313387 |
16/04/2012 * |
1,000,000,000.00 |
IL & FS TRUST COMPANY LIMITED |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA,
KURLA COMPLEX BANDRA EAST, MUMBAI, Maharashtra |
B38902441 |
* Date of charge modification
FIXED ASSETS
Ø Freehold Land
Ø Leasehold Land
Ø Building
Ø Office Equipment
Ø Plant and Machinery
Ø Wind Turbine Generator
Ø 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. 60.22 |
|
|
1 |
Rs. 101.68 |
|
Euro |
1 |
Rs. 83.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPH |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.