MIRA INFORM REPORT
|
Report Date : |
20.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
KUMAR ARCH TECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D-93, Akash Co-Operative Housing Society, Near Judges Bunglow, Premchand
Nagar, Bodakdev, Vastrapur, Ahmedabad – 380 054, Gujarat |
|
|
|
|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
23.02.1998 |
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|
|
|
Com. Reg. No.: |
04-033735 |
|
|
|
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Capital Investment
/ Paid-up Capital : |
Rs.48.775
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36999GJ1998PTC033735 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMK02619B |
|
|
|
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PAN No.: [Permanent Account No.] |
AABCK6032C |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Rigid Foam and Free Foam PVC Sheets. |
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|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. The rating constrained on account of its weak financial risk profile
and low profitability margins of the company. However, trade relations are fair. Business is active. Payment terms
are be slow but correct. The company can be considered for business dealing 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.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities: B+ |
|
Rating Explanation |
Risk prone credit quality and high risk of default. |
|
Date |
August 13, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities: A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
August 13, 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED
Management Non Co-operative (91-294-2411908)
LOCATIONS
|
Registered Office : |
D-93, Akash Co-Operative Housing Society, Near Judges Bunglow, Premchand
Nagar, Bodakdev, Vastrapur, Ahmedabad – 380 054, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
E-37, RIICO, Gudli Industrial Area, Gudli, Tehsil Mavli, District
Udaipur – 313 001, Rajasthan, India |
|
|
|
|
Factory 2 : |
E-92, RIICO, Gudli Industrial Area, Gudli, Tehsil Mavli, District
Udaipur – 313 001, Rajasthan, India |
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|
|
|
Factory 3 : |
B-2, RIICO, Gudli Industrial Area, Gudli, Tehsil Mavli, District
Udaipur – 313 001, Rajasthan, India |
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|
|
|
Branch Office 1 : |
11-A, Shubham Complex, 1st Floor, New Fatehpura, Udaipur –
313 004, Rajasthan, India |
|
Tel. No.: |
91-294-2411908, 2526488 |
|
Fax No.: |
91-294-2524334 |
|
|
|
|
Branch Office 2 : |
2nd Floor, 205, Shubham Complex, 11-A, New Fatehpura,
Udaipur – 313 004, Rajasthan, India |
|
Tel. No.: |
91-294-2411908, 2526488 |
|
Fax No.: |
91-294-2524334 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Shubham Jitendrakumar Taylia |
|
Designation : |
Director |
|
Address : |
G-1, Vinayak Apartment, 4A, New Fathepura, |
|
Date of Birth/Age : |
10.09.1989 |
|
Date of Appointment : |
12.11.2008 |
|
DIN No.: |
02416429 |
|
PAN No.: |
AGGPT0092D |
|
|
|
|
Name : |
Ms. Surbhi Jitendrakumar Taylia |
|
Designation : |
Director |
|
Address : |
50, Near Bapu Bazar, Udaipur – 313 001, Rajasthan, India |
|
Date of Birth/Age : |
12.05.1980 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
02000596 |
KEY EXECUTIVES
|
Name : |
P. Talesara and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
213, |
|
Tel./ Fax No.: |
91-294-2429624,
2429694 |
|
|
|
|
Name : |
Mr. Surendra Singh |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Vijay Lal Agrawal |
|
296760 |
|
Kanta Agrawal |
|
15010 |
|
H.G. Gupta |
|
1500 |
|
Shubham Taylia |
|
472950 |
|
Surbhi Taylia |
|
346670 |
|
Shakun Agrawal |
|
75000 |
|
Tirupati Balaji Buildcon Private Limited, |
|
504500 |
|
M.M. Thermoplast Private Limited, |
|
1608500 |
|
Meenakshi Agrawal |
|
202650 |
|
Shubham Enterprises, |
|
360500 |
|
Seven Star General Trading Company, UAE |
|
604750 |
|
Cyber Infolink Private Limited, |
|
75000 |
|
J.S. Construction, |
|
47500 |
|
Ranjeet Lal Agrawal |
|
7500 |
|
j.k. Taylia |
|
28000 |
|
Madhu K. Agrawal |
|
133750 |
|
Ashok Agrawal |
|
140000 |
|
Rituraj Pipes and Plastics Private Limited, India |
|
57000 |
|
Total |
|
4977540 |
AS ON 30.09.2013
|
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] |
|
12.15 |
|
Bodies
corporate |
|
45.12 |
|
Directors
or relatives of directors |
|
27.48 |
|
Other
top fifty shareholders |
|
15.25 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Rigid Foam and Free Foam PVC Sheets. |
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Products : |
·
Sheets ·
Doors ·
Prefabricated House |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Cash and Advance |
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Purchasing : |
Cash and Advance |
PRODUCTION STATUS (AS ON 31.03.2011):
|
a) Capacity: * |
Unit |
Licensed/*
Registered Capacity |
Installed
Capacity** |
|
PVC Sheets and Articles made thereof |
MT |
4800 |
3000 |
* Registered capacity
denotes approval obtained from the Development Commissioner, Noida Special
Economic Zone, and Noida under "100% Export Oriented" scheme.
** As certified by
the management being technical matter.
|
Production/ |
Unit |
Unit 1st |
Unit 2nd |
Unit 3rd |
Total |
|
PVC Sheet |
MT |
397.654 |
0 |
2422.838 |
2820.492 |
|
PVC Sheet – Reject |
MT |
131.804 |
0 |
0 |
131.804 |
|
PVC Sheet – Wastage |
MT |
19.684 |
0 |
59.162 |
78.846 |
|
Re-Usable |
MT |
326.715 |
0 |
452.322 |
779.037 |
|
Door Win. and panel reject |
Sq. ft |
0 |
13313.49 |
0 |
13313.49 |
|
Door Win. and panel fin. |
Sq. ft |
0 |
9978.58 |
0 |
9978.58 |
|
PVC Doors Wastage |
KG |
0 |
8234.7 |
0 |
8234.7 |
|
Extruders |
Nos. |
0 |
1 |
0 |
1 |
|
Parts of Msc. W Pls. |
-- |
0 |
2 |
0 |
2 |
GENERAL INFORMATION
|
No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
Total Facilities: Rs.233.700 millions (From State Bank of Bikaner and
Jaipur)
Notes: LONG TERM
BORROWINGS # Terms of Repayment: First 4 quarterly
instalments of Rs.2.500 millions commencing from June 2011 Next 8 quarterly
instalments of Rs.3.750 millions during year 2012-13 and 2013-14 Next 12 quarterly
instalments of Rs.5.000 millions during year 2014-15, 2015-16 and 2016-17 ## EM1 of Rs.0.016
million each commencing from March 2012 SHORT TERM BORROWINGS # Secured by equitable
mortgage over the company's immovable assets, hypothecation of the present
and future stock of raw materials, plant and machineries, finished,
consumables, packing materials, spare parts and book debts, outstanding money
receivable, claims and other movable assets. The same have been guaranteed by
Shri P.V. Joshi and Shri Shubham Taylia, the Directors of the company. # Terms: Repayable on
Demand |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R.R.S. and Associates Chartered Accountants |
|
Address : |
211, Kamal Complex, Near Stadium Circle, C.G. Road, Navrangpura, Ahmedabad – 380 009, Gujarat,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFR0472A |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4977540 |
Equity Shares |
Rs.10/- each |
Rs.49.775
millions |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4877540 |
Equity Shares |
Rs.10/- each |
Rs.48.775
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
48.775 |
48.775 |
36.275 |
|
(b) Reserves & Surplus |
93.712 |
92.789 |
49.661 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
19.150 |
6.650 |
21.620 |
|
Total
Shareholders’ Funds (1) + (2) |
161.637 |
148.214 |
107.556 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
109.764 |
118.555 |
33.769 |
|
(b) Deferred tax liabilities (Net) |
15.949 |
10.675 |
6.578 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
125.713 |
129.230 |
40.347 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
95.145 |
81.951 |
36.124 |
|
(b)
Trade payables |
37.287 |
76.719 |
52.526
|
|
(c)
Other current liabilities |
18.235 |
12.345 |
20.945
|
|
(d)
Short-term provisions |
8.071 |
10.915 |
4.219
|
|
Total
Current Liabilities (4) |
158.738 |
181.930 |
113.814 |
|
|
|
|
|
|
TOTAL |
446.088 |
459.374 |
261.717 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
225.100 |
215.334 |
55.759 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1.883 |
0.000 |
42.023 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
5.014 |
5.083 |
0.531 |
|
(e)
Other Non-current assets |
4.559 |
3.377 |
0.004 |
|
Total
Non-Current Assets |
236.556 |
223.794 |
98.317 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
114.734 |
145.582 |
99.130
|
|
(c)
Trade receivables |
57.895 |
56.843 |
32.664
|
|
(d)
Cash and cash equivalents |
8.534 |
7.911 |
9.172
|
|
(e)
Short-term loans and advances |
20.923 |
11.344 |
14.522 |
|
(f)
Other current assets |
7.446 |
13.900 |
7.912 |
|
Total
Current Assets |
209.532 |
235.580 |
163.400 |
|
|
|
|
|
|
TOTAL |
446.088 |
459.374 |
261.717 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Sales |
379.135 |
371.629 |
275.786 |
|
|
|
|
2.304 |
|
1.709 |
|
|
|
Increase/ Decrease in Stock |
|
|
12.090 |
|
|
|
TOTAL |
381.439 |
375.010 |
289.585 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
366.038 |
364.264 |
279.668 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
366.038 |
364.264 |
279.668 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
15.401 |
10.746 |
9.917 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
9.119 |
2.703 |
2.389 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
6.282 |
8.043 |
7.528 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.359 |
4.257 |
3.373 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
0.923 |
3.786 |
4.155 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
17.191 |
11.563 |
7.408 |
|
|
|
|
|
|
|
|
|
|
Mat Credit available (Earlier Years) |
0.000 |
1.842 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
18.114 |
17.191 |
11.563 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
62.344 |
32.295 |
24.851 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Material |
NA |
NA |
70.034 |
|
|
|
Capital Goods |
NA |
NA |
4.992 |
|
|
TOTAL IMPORTS |
NA |
NA |
75.026 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.19 |
0.78 |
NA |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
500.000 |
|
|
|
|
|
The above information has been parted by Mr. Surendra Singh (Accounts
Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.24
|
1.01 |
1.43
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.66
|
2.16 |
2.73
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.41
|
1.75 |
3.43
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.05 |
0.07
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.27
|
1.35 |
0.65
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32
|
1.29 |
1.44
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
36.275 |
48.775 |
48.775 |
|
Reserves & Surplus |
49.661 |
92.789 |
93.712 |
|
Share
Application money pending allotment |
21.620 |
6.650 |
19.150 |
|
Net worth |
107.556 |
148.214 |
161.637 |
|
|
|
|
|
|
Long-term borrowings |
33.769 |
118.555 |
109.764 |
|
Short term borrowings |
36.124 |
81.951 |
95.145 |
|
Total borrowings |
69.893 |
200.506 |
204.909 |
|
Debt/Equity ratio |
0.650 |
1.353 |
1.268 |
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) |
|
Gross Sales |
275.786 |
371.629 |
379.135 |
|
|
|
34.753 |
2.020 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Gross Sales |
275.786 |
371.629 |
379.135 |
|
Profit |
4.155 |
3.786 |
0.923 |
|
|
1.51% |
1.02% |
0.24% |
LOCAL AGENCY FURTHER INFORMATION
Details of Current maturities:
|
Particulars |
31.03.2013 (Rs. in millions) |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
|
Current maturities of
Term Loans |
15.000 |
2.500 |
0.000 |
|
Current maturities of
Vehicle Loans |
0.161 |
0.143 |
0.171 |
|
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 |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
------------------------ |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
VIEW INDEX OF
CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10184384 |
25/10/2013 * |
233,700,000.00 |
State Bank of Bikaner and Jaipur |
RMME, LIC Building, Patel Circle, Udaipur, Rajasthan - 313001, INDIA |
B89475404 |
|
2 |
10053641 |
21/04/2007 |
1,040,000.00 |
ICICI BANK LTD |
2-C, MADHUBAN, UDAIPUR, Rajasthan - 313001, INDIA |
A15404361 |
* Date of charge modification
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
From Shareholder,
Directors and Relatives |
0.375 |
1.031 |
|
From Others |
41.745 |
27.198 |
|
Total
|
42.120 |
28.229 |
OPERATIONS:
During the year, the
Company has achieved turnover of Rs.379.135 millions as against turnover of
Rs.371.629 millions for the year 2011-12. The company has earned profit before
tax Rs.6.254 millions during the year as compare to Profit before Tax of
Rs.8.041 millions for the year 2011-12. The Directors are striving harder to
achieve better results in future.
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Letter
of Credit Outstanding with Bank |
9.036 |
0.000 |
|
Bank
Guarantee issued (to
Excise department) |
1.255 |
1.255 |
FIXED ASSETS:
·
Land and Site Development
·
Leasehold Land
·
Flat
·
Air Compressor Block
·
Building
·
Cooling Mixer
·
D.G. Set
·
Computer
·
Software
·
Furniture and Fixture
·
Vehicle
·
Electric Installation
·
Office Equipment
·
Plant and Machinery
·
Tube Well
·
Trademark Registration
·
WIP - UPS
·
WIP - Building
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.61 |
|
|
1 |
Rs. 99.11 |
|
Euro |
1 |
Rs. 78.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
HET |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.