MIRA INFORM REPORT
|
Report Date : |
07.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
WARTSILA INDIA LIMITED |
|
|
|
|
Registered
Office : |
Kesar Solitaire, 21st Floor, Plot No.5, Sector 19, Palm Beach
Road, Sanpada, Navi Mumbai – 400705, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2013 |
|
|
|
|
Date of
Incorporation : |
25.04.1986 |
|
|
|
|
Com. Reg. No.: |
11-062170 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.108.760
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1986PLC062170 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMW02506A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW0345D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Power Point Equipments, Power Plants and Turnkey
Installation, Generator |
|
|
|
|
No. of Employees
: |
800 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 12025400 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects healthy financial risk profile marked by adequate
liquidity position and fair profitability of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
FITCH |
|
Rating |
AA- [Fund Based Limits – Non Monitored Category] |
|
Rating Explanation |
Very low default risk and strong capacity for payment of financial
commitments. |
|
Date |
22.05.2012 |
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. Kapil Mistry |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-27818300 |
|
Date : |
06.05.2014 |
LOCATIONS
|
Registered Office/ (Power Plants/ Ship Power/ services, WSM and
Corporate Offices) : |
Kesar Solitaire, 21st Floor, Plot No.5, Sector 19, Palm Beach
Road, Sanpada, Navi Mumbai – 400705, Maharashtra, India |
|
Tel. No.: |
91-22-27818300/ 8550 |
|
Fax No.: |
91-22-27814732 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Chennai – Sales and Services Office : |
Shreyas Vriddhi, 132, Velachery Main Road, Guindy, Chennai – 600 032, Tamilnadu, India. |
|
Tel. No.: |
91-44-22301080 |
|
|
|
|
EOU, Manufacturing,
WLSA, Marine Workshop : |
Gate No.1, Opposite Govt Rest House, Mumbai – Pune Road,
Shilphata, Khopoli- 410203, District Raigad, Maharashtra, India |
|
Tel. No.: |
91-2192-264389/ 264390/ 269712 |
|
Fax No.: |
91-2192-263314 |
|
|
|
|
Spare Parts Stores
: |
Gate No.2, Opposite
Govt Rest House, Mumbai – Pune Road, Shilphata, Khopoli- 410203 District
Raigad, Maharashtra, India |
|
Tel. No.: |
91-2192-262896 / 262897 |
|
Fax No.: |
91-2192-262692 |
|
|
|
|
Kolkata - Services
Office : |
Camac Tower, 3rd Floor, Camac Street, Kolkata -700 016, West Bengal, India |
|
Tel. No.: |
91-33-22172320 |
|
Fax No.: |
91-33-22497535 |
|
|
|
|
Mangalore - Services
Office : |
B-Wing, 6th Floor, Rama Bhavan Complex, Kodiabail, Mangalore – 575003, Karnataka , India |
|
Tel. No.: |
91-824-2441722 |
|
Fax No.: |
91-824-2443556 |
|
|
|
|
Noida - Power
Plants and Services Office : |
Plot A-98, Sector 5, Noida, District Gautam Budh Nagar- 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-419 2000 |
|
Fax No.: |
91-120-4192199 |
|
|
|
|
Paradip (Orissa) - Marine Workshop : |
Paradip Port Trust, PO- Paradip Port, District
Jagatsinghpur - 754 142, Orissa, |
|
Tel. No.: |
91-06722- 222047/222125 |
|
Fax No.: |
91-06722-222025 |
|
|
|
|
Secunderabad - Services Office : |
Flat # 301, Oxford Plaza, S. D. Road, Secunderabad- 500003, India |
|
Tel No.: |
91-40-27715383 |
|
Fax No.: |
91-40-27715377 |
|
|
|
|
Vizag - Marine
Workshop : |
Plot No 3, Auto Industrial Nagar, Village – Vadlapudi, Mandal Gajuwaka, Industrial Development Area, D, Block, Visakhapatnam – 530012, India |
|
Tel No.: |
91-891-6457771 |
|
Fax No.: |
91-891-2700210 |
DIRECTORS
AS ON 30.06.2013
|
Name : |
Mr. Rakesh Jagatpalsingh Sarin |
|
Designation : |
Managing Director |
|
Address : |
Apartment No.4, 18th Floor, The Pinnacle, DLF City Phase-V,
Gurgaon-122001, Haryana, India |
|
Date of Birth/Age : |
24.07.1955 |
|
Date of Appointment : |
14.02.2008 |
|
DIN No : |
02082150 |
|
|
|
|
Name : |
Christoph Carl Eric Vitzthum |
|
Designation : |
Director |
|
Address : |
Johanneksenrinne, 1 B 55, F I, 00120, Helsinki, Finland-00120 |
|
Date of Birth/Age : |
05.07.1969 |
|
Date of Appointment : |
26.02.2005 |
|
DIN No : |
00170518 |
|
|
|
|
Name : |
Lars Torsten Hellberg |
|
Designation : |
Director |
|
Address : |
Ekas 180, Kode-44298, Switzerland |
|
Date of Birth/Age : |
18.03.1959 |
|
Date of Appointment : |
18.04.2008 |
|
DIN No : |
02149091 |
|
|
|
|
Name : |
Vesa Tapio Riihimaki |
|
Designation : |
Director |
|
Address : |
Liito-Oravankatu, 17, Vaasa, Finland-65350 |
|
Date of Birth/Age : |
21.03.1966 |
|
Date of Appointment : |
29.06.2010 |
|
DIN No : |
03137446 |
|
|
|
|
Name : |
Mr. Aaron Gordon Bresnahan |
|
Designation : |
Director |
|
Address : |
949, Jenkins Drive, Virginia Beach, Virginia-23464, USA |
|
Date of Birth/Age : |
09.08.1969 |
|
Date of Appointment : |
29.06.2010 |
|
DIN No : |
03144818 |
KEY EXECUTIVES
|
Name : |
Mr. Chandra Kumar A Nahata |
|
Designation : |
Secretary |
|
Address : |
303, Neelam Residency, Plot 116 and 117, Sector – 44, Nerul (West),
Navi Mumbai – 400706, Maharashtra, India |
|
Date of Birth/Age : |
30.08.1977 |
|
Date of Appointment : |
01.08.2011 |
|
PAN No : |
AAPPN9066L |
|
|
|
|
Name : |
Mr. Kapil Mistry |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2013
|
Names of Shareholders |
|
No. of Shares |
|
Wartsila Corporation, Finland |
|
4656101 |
|
Wartsila Technology OY AB, Finland |
|
3637300 |
|
Wartsila Corporation, Finland |
|
2500000 |
|
Wartsila Technology OY AB, India |
|
62337 |
|
Wartsila Technology OY AB, Finland |
|
20040 |
|
CKT Industries SA, France |
|
1 |
|
Wartsila Network Holding, Zwolle |
|
1 |
|
Wartsila Finland OY, Finland, |
|
1 |
|
Wartsila Dutch Holding, Zwolle |
|
1 |
|
Wartsila Development and Financial Services OY, Finland |
|
1 |
|
|
|
|
|
TOTAL
|
|
10875783 |
AS ON 30.06.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Power Point Equipments, Power Plants and Turnkey
Installation, Generator |
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Products : |
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Exports : |
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||||
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Products : |
Finished Goods |
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Countries : |
Europe |
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Imports : |
|
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|
Products : |
Machinery |
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Countries : |
Europe |
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|
|
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Terms : |
|
||||
|
Selling : |
LC and Credit |
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|
|
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|
Purchasing : |
LC and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
800 [Approximately] |
|
|
|
|
Bankers : |
Bank of Baroda, Corporate Financial Services, fort Branch,
10/12, Mumbai Samachar Marg, Fort, Mumbai-400023, Maharashtra, India |
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Financial Institution : |
Ge Capital Services Limited, Aifacs Building, 1, Rafi Marg,
Delhi-110001 |
|
|
|
|
Auditors : |
|
|
|
|
|
Name : |
BSR and Associates Chartered Accountant |
|
Address : |
Kamala Mills Compound, 448, Senapati Bapat Marg, Lower
Parel, Mumbai 400013, Maharashtra, India. |
|
PAN No: |
AADFB6889R |
|
|
|
|
AS ON
31.12.2012:- |
|
|
Holding Company : |
Wartsila Corporation, Finland |
|
|
|
|
Fellow Subsidiaries
: |
· Wartsila Technology Oy Ab, Finland · Wartsila Bangladesh Limited · Wartsila Chile Ltda. · Wartsila China Limited · Wartsila Denmark A/S · PT. Wartsila Indonesia · Wartsila CME Zhenjiang Propeller Company Limited · Wartsila Argentina S.A. · Wartsila Enpa Dis Tic AS · Wartsila Finland Oy · Wartsila France S.a.s. Mulhouse · Wartsila Greece S.A. · Wartsila Gulf FZE · Wartsila Italia S.p.A. · Wartsila Japan Limited · Wartsila Korea Limited · Wartsila Australia Pty. Limited · Wartsila Lanka Private Limited · Wartsila Nederland B.V. · Wartsila North America Inc. · Wartsila Norway AS · Wartsila Philippines Inc. · Wartsila Power Contracting Company Limited · Wartsila Ships Repairing and Maintenance LLC · Wartsila Shanghai Services Company Limited · Wartsila Singapore Pte. Limited · Wartsila do Brazil Ltd.a. · Wartsila Eastern Africa Limited · Wartsila Sweden AB · Wartsila Switzerland Limited · Wartsila UK Limited · Wartsila Pakistan Private Limited · Wartsila Vostok, LLC · Wartsila Panama Services S.A. · Wartsila Propulsion (Wuxi) Company Limited |
|
|
|
|
Joint Venture Company
: |
Coastal Wartsila Petroleum Private Limited, India |
CAPITAL STRUCTURE
AS ON 30.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10875783 |
Equity Shares |
Rs.10/- each
|
Rs.108.757
Millions |
AS ON 31.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10876000 |
Equity Shares |
Rs.10/- each
|
Rs.108.760
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
108.760 |
108.760 |
119.000 |
|
(b) Reserves &
Surplus |
2897.590 |
2503.920 |
2930.970 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
3006.350 |
2612.680 |
3049.970 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
1014.350 |
|
(d) long-term provisions |
115.450 |
156.610 |
150.980 |
|
Total Non-current
Liabilities (3) |
115.450 |
156.610 |
1165.330 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
24.120 |
|
(b) Trade payables |
234.690 |
1,140.240 |
388.470 |
|
(c) Other current
liabilities |
681.000 |
565.990 |
912.620 |
|
(d) Short-term provisions |
113.960 |
502.360 |
84.750 |
|
Total Current Liabilities
(4) |
1029.650 |
2208.590 |
1409.960 |
|
|
|
|
|
|
TOTAL |
4151.450 |
4977.880 |
5625.260 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
289.620 |
323.200 |
357.300 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
24.980 |
1.730 |
18.980 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
102.830 |
102.830 |
56.190 |
|
(c) Deferred tax assets
(net) |
53.080 |
65.690 |
81.030 |
|
(d) Long-term Loan and Advances |
278.660 |
301.520 |
308.390 |
|
(e) Other Non-current
assets |
2.200 |
2.000 |
2.000 |
|
Total Non-Current Assets |
751.370 |
796.970 |
823.890 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1039.900 |
419.230 |
413.690 |
|
(b) Inventories |
260.070 |
383.070 |
1059.780 |
|
(c) Trade receivables |
1190.220 |
2769.340 |
2512.620 |
|
(d) Cash and cash
equivalents |
478.840 |
198.530 |
393.430 |
|
(e) Short-term loans and
advances |
355.850 |
274.870 |
287.320 |
|
(f) Other current assets |
75.200 |
135.860 |
134.530 |
|
Total Current Assets |
3400.080 |
4180.900 |
4801.370 |
|
|
|
|
|
|
TOTAL |
4151.450 |
4977.870 |
5625.260 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
|
|
|
|
|
SALES |
|
|
|
|
|
Income |
4272.200 |
4945.850 |
5625.630 |
|
|
Other Income |
141.350 |
149.750 |
115.560 |
|
|
TOTAL (A) |
4413.550 |
5095.600 |
5741.190 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1035.610 |
1272.850 |
1363.850 |
|
|
Purchases of
Stock-in-Trade |
715.000 |
987.110 |
1312.070 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
127.230 |
384.100 |
627.610 |
|
|
Employees benefits
expense |
1079.950 |
1090.490 |
892.030 |
|
|
Other expenses |
770.960 |
799.910 |
871.030 |
|
|
TOTAL (B) |
3728.750 |
4534.460 |
5066.590 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
684.800 |
561.140 |
674.600 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
6.850 |
0.060 |
0.780 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
677.950 |
561.080 |
673.820 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
46.710 |
41.600 |
54.520 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
631.240 |
519.480 |
619.300 |
|
|
|
|
|
|
|
Less |
TAX (H) |
237.570 |
140.210 |
195.930 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
393.670 |
379.270 |
423.370 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD (K) |
NA |
1777.000 |
1846.000 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
NA |
38.000 |
42.000 |
|
|
Transfer to Capital
Redemption Reserves |
NA |
10.000 |
0.000 |
|
|
Transfer to maintenance
Reserve |
NA |
42.000 |
34.000 |
|
|
Proposed Dividend |
NA |
348.000 |
357.000 |
|
|
Tax on Proposed Dividend |
NA |
59.000 |
59.000 |
|
|
BALANCE CARRIED TO THE
B/S |
NA |
1659.270 |
1777.370 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
691.110 |
823.440 |
|
|
Professional and
Consultation Fees |
NA |
551.730 |
425.130 |
|
|
Earning on Other Income |
NA |
247.170 |
253.410 |
|
|
TOTAL EARNINGS |
NA |
1490.010 |
1501.980 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
468.320 |
423.240 |
|
|
Components and Stores
parts |
NA |
299.880 |
385.810 |
|
|
Capital Goods |
NA |
2.570 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
770.770 |
809.050 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
36.20 |
33.81 |
35.58 |
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
PAT / Total Income |
(%) |
8.92
|
7.44 |
7.37 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
14.77
|
10.50 |
11.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.90
|
10.81 |
11.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.20 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.30
|
1.89 |
3.41 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
119.000 |
108.760 |
108.760 |
|
Reserves & Surplus |
2930.970 |
2503.920 |
2897.590 |
|
Net worth |
3049.970 |
2612.680 |
3006.350 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
24.120 |
0.000 |
0.000 |
|
Total borrowings |
24.120 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.008 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
5625.630 |
4945.850 |
4272.200 |
|
|
|
(12.084) |
(13.621) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
5625.630 |
4945.850 |
4272.200 |
|
Profit |
423.370 |
379.270 |
393.670 |
|
|
7.53% |
7.67% |
9.21% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES OF LONG TERM
DEBT: NOT AVAILABLE
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
INDEX OF CHARGES:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
90352159 |
21/05/2010 * |
1,100,000,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL
SERVICES, FORT BRANCH, 10/12 |
A86434644 |
|
2 |
90346424 |
11/09/1992 * |
35,400,000.00 |
BANK OF BARODA |
CAWASJI BATEL STREET,
BOMBAY MAIN OFFICE, BOMBAY - 400023, |
- |
* Date of charge modification
NOTE:
Registered Office of the company has been shifted from 48 Neco Chambers,
Sector 11, CBD Belapur, Navi Mumbai – 400614, Maharashtra, India, to the
present address w.e.f. 01.12.2011.
FIXED ASSETS:
- Land- Freehold
- Building
- Plant and Machinery
- Furniture and Fitting
- Office Equipments
- Vehicles
- Technical Known-how
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.60.20 |
|
|
1 |
Rs.101.67 |
|
Euro |
1 |
Rs.83.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
60 |
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.