MIRA INFORM REPORT
|
Report Date : |
20.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
DORF-KETAL
CHEMICALS INDIA PRIVATE LIMITED |
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Registered
Office : |
1, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
12.05.1992 |
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Com. Reg. No.: |
11-066726 |
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Capital Investment
/ Paid-up Capital : |
Rs.1186.847 Millions |
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CIN No.: [Company Identification
No.] |
U24100MH1992PTC066726 |
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|
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD04225E |
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PAN No.: [Permanent Account No.] |
AAACD3819P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Chemicals. |
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No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having good track record. Fundamentals of the company is decent. Financial position of the
company is strong and healthy. Trade relation reported to be fair. Business is active. Payment terms
are reported to be regular and as per commitment. The company can be considered normal for business dealing 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
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 |
CRISIL |
|
Rating |
Long term rating A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
December 11, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A1 |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
December 11, 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
31-03-2012.
INFORMATION DENIED BY
|
Name : |
Mr. Ashok Rao |
|
Designation : |
Deputy General Manager in Finance |
|
Contact No.: |
91-22-28833900 |
|
Date : |
05.09.2014 |
LOCATIONS
|
Registered
Office / Marketing and Sales Department : |
1, |
|
Tel. No.: |
91-22-28880420/ 421/ 422/ 423/ 28833900/
28828374/ 28833901 |
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Fax No.: |
91-22-28813655/ 28882366 |
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E-Mail : |
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Website : |
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Corporate Office : |
11104 |
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Tel. No.: |
832-351-3492/351-3497 |
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Fax No.: |
832-351-3498 |
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E-Mail : |
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Factory 1 : |
W-165, MIDC, Taloja Chemical Zone, Taluka Panvel, District Raigad, |
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Factory 2: |
Plot Survey No. 141, Near Water Treatment Plants of HPSEZ, Mundra,
Kutch -370 421, |
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Factory 3: |
100 Percent Eou S.N.no. 130/1, Jayantibhai Desai Marg, Village Dadra,
Silvassa Dadra Nagar and Haveli 396191 |
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Overseas Offices : |
Located
at: ·
Brazil Netherlands USA Kingdom of Bahrain China Singapore |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Sudhir Vijayaraghav Menon |
|
Designation : |
Managing director |
|
Address : |
501, Swapna Lok, Marve Road, Malad (West), Mumbai – 400064,
Maharashtra, India |
|
Date of Birth/Age : |
27.06.1963 |
|
Qualification : |
Chemical Engg., LLB, MBA |
|
Date of Appointment : |
09.07.1995 |
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PAN No.: |
AAJPM4604R |
|
DIN No.: |
02487658 |
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|
|
|
Name : |
Mr. Subodh Vijayaraghava Menon |
|
Designation : |
Director |
|
Address : |
401, Swapna Lok, Marve Road, Malad (West), Mumbai – 400064,
Maharashtra, India |
|
Date of Birth/Age : |
08.08.1971 |
|
Qualification : |
B. Sc. |
|
Date of Appointment : |
12.05.1992 |
|
PAN No.: |
AAAPM6916D |
|
DIN No.: |
00972842 |
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|
|
|
Name : |
Mr. Perumangode Neelkandhan Ramaswamy |
|
Designation : |
Director |
|
Address : |
501, Sand Pebble Off, Veeradesai Road, 3rd
Azad Lane, Andheri (West), Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
22.12.1970 |
|
Date of Appointment : |
12.05.1992 |
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PAN No.: |
AAAPR4696R |
|
DIN No.: |
02480775 |
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|
|
|
Name : |
Mr. Aniparambil Vijayaraghava Menon |
|
Designation : |
Director |
|
Address : |
203, Swing Building, Opposite Nutun School,
Marve Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Appointment : |
26.02.1996 |
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PAN No.: |
AADPM5584B |
|
DIN No.: |
00019770 |
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|
|
|
Name : |
Mrs. Padmaja Vijayraghavan Menon |
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Designation : |
Director |
|
Address : |
203, Swing Building, Opposite Nutun School,
Marve Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1940 |
|
Date of Appointment : |
12.05.1992 |
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PAN No.: |
AMIPM8138M |
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DIN No.: |
02501009 |
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|
|
|
Name : |
Mr. Mahesh Subramanyya Subramaniyam |
|
Designation : |
Director |
|
Address : |
A/3, 104 Raunat Park, Pohhram Road No. 2,
Kokani Pada, Thane (West), Thane – 400610, Maharashtra, India |
|
Date of Birth/Age : |
16.09.1968 |
|
Date of Appointment : |
31.03.2003 |
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PAN No.: |
AKJPS5615A |
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DIN No.: |
02507158 |
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|
|
|
Name : |
Mr. Pramod Menon |
|
Designation : |
Director |
|
Address : |
701, 7th Floor, Sand Pebble Off,
Veeradesai Road, 3rd Azad Lane, Andheri (West), Mumbai – 400058,
Maharashtra, India |
|
Date of Birth/Age : |
04.01.1967 |
|
Date of Appointment : |
01.04.2007 |
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PAN No.: |
AAHPM718P |
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DIN No.: |
02529703 |
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|
|
|
Name : |
Mr. George Mciver Brannon |
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Designation : |
Director |
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Address : |
10405 Manly
Chapel Hill, North Carolina-275178391, United States of America |
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Date of Birth/Age : |
13.10.1951 |
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Date of Appointment : |
01.04.2010 |
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DIN No.: |
03033411 |
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|
Name : |
Mr. Matthew Harrison Knight |
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Designation : |
Director |
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Address : |
18, Maentel Drive, West Chester, PA USA 19382 |
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Date of Appointment : |
23.12.2011 |
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DIN No.: |
05164222 |
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|
|
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Name : |
Mr. Akhilesh Bramhaprakash Bhargava |
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Designation : |
Director |
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Address : |
101, Gautam Parag Society, Lewis Wadi, Thane West – 400604,
Maharashtra, India |
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Date of Birth/Age : |
25.08.1956 |
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Date of Appointment : |
23.01.2012 |
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DIN No.: |
05199030 |
KEY EXECUTIVES
|
Name : |
Ms. Kajal Jayant Mehta |
|
Designation : |
Secretary |
|
Address : |
B/304, Jayshree Apartment Padma Nagar, Chiku Wadi, Borivali (West),
Mumbai – 400091, Maharashtra, India |
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Date of Birth/Age : |
09.03.1987 |
|
Date of Appointment : |
01.12.2012 |
|
PAN No.: |
ATYPM4574C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
%age |
|
Sudhir Menon |
9787118 |
65.12 |
|
Subodh Menon |
4998059 |
33.25 |
|
P N Ramaswamy |
26235 |
0.17 |
|
Aniparambil Menon |
4000 |
0.03 |
|
Padamaja Menon |
2040 |
0.01 |
|
Mahesh Subramanium |
2500 |
0.02 |
|
Sudhir Menon HUF |
209000 |
1.39 |
|
Pramod Menon |
1000 |
0.01 |
|
|
|
|
|
Total |
15029952 |
100.00 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Chemicals. |
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Exports : |
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Countries : |
·
USA ·
Canada |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Singapore |
GENERAL INFORMATION
|
No. of Employees : |
50 (Approximately) |
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Bankers : |
· State Bank of India, IFB, Natraj Building, 102, 1st Floor, 194, Sir M V Road Western Express Highway, Andheri (East), Mumbai - 400069, Maharashtra, India Citibank N. A., Trent House, 2nd Floor, G Block, Plot
No.C60, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra,
India ABN Amro Bank N.V., 74, Sakhar Bhavan, 7th
Floor, Nariman Point, Mumbai – 400021, Maharashtra, India Central Bank of Iondia, Kanbivli Branch, 192 A S
Viveknanad Road, Mumbai – 400067, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
S.S. Gajja and Company Chartered Accountants |
|
Address : |
9, Raj Mahal, Mathuradas Vissanji Road, Andheri (East), Mumbai
– 400069, Maharashtra, India |
|
PAN
No. : |
AAAFS4063K |
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|
|
|
Subsidiary company
: |
· Perfect Scales Company Private Limited [U29196MH1984PTC033331] Sudha Organics Private Limited [U24119MH1988PTC046283] Dorf Ketal Chemicals, LLC Dorf Ketal Chemicals B.V Dorf Ketal Ltda, Brazil Dorf Ketal AG, Switzerland Dorf Ketal Speciality Catalyst Private Limited
[U24233MH2010PTC198273] DKSC LLC |
|
|
|
|
Associate : |
· Beeta Flavour and Chemicals India Private Limited Fobeoz India Private Limited [U15540MH2005PTC153849] Octel Dorf Ketal (India) Private Limited
[U24299MH2001PTC133208] |
CAPITAL STRUCTURE
After 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15500000 |
Equity Shares |
Rs.100/- each |
Rs.1550.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15029952 |
Equity Shares |
Rs.100/- each |
Rs.1502.995 Millions |
|
|
|
|
|
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.100/- each |
Rs.1200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11868468 |
Equity Shares |
Rs.100/- each |
Rs.1186.847 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 |
1186.847 |
842.132 |
842.132 |
|
(b) Reserves & Surplus |
1116.908 |
943.364 |
777.031 |
|
(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) |
2303.755 |
1785.496 |
1619.163 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
655.025 |
859.357 |
470.371 |
|
(b) Deferred tax liabilities (Net) |
151.517 |
133.828 |
123.230 |
|
(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) |
806.542 |
993.185 |
593.601 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
995.125 |
881.485 |
640.193 |
|
(b) Trade payables |
647.521 |
353.936 |
342.361 |
|
(c) Other current
liabilities |
238.001 |
191.352 |
290.757 |
|
(d) Short-term provisions |
177.988 |
411.303 |
505.381 |
|
Total Current Liabilities (4) |
2058.635 |
1838.076 |
1778.692 |
|
|
|
|
|
|
TOTAL |
5168.932 |
4616.757 |
3991.456 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1076.974 |
903.894 |
820.980 |
|
(ii) Intangible Assets |
209.713 |
235.493 |
143.531 |
|
(iii) Capital
work-in-progress |
13.814 |
78.900 |
14.254 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
402.078 |
400.298 |
352.938 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
921.536 |
456.589 |
406.344 |
|
(e) Other Non-current assets |
2.916 |
1.912 |
2.868 |
|
Total Non-Current Assets |
2627.031 |
2077.086 |
1740.915 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
524.063 |
432.569 |
375.709 |
|
(c) Trade receivables |
1695.104 |
1799.082 |
1579.518 |
|
(d) Cash and cash
equivalents |
147.378 |
205.473 |
181.882 |
|
(e) Short-term loans and
advances |
155.254 |
94.346 |
90.432 |
|
(f) Other current assets |
20.102 |
8.201 |
23.000 |
|
Total Current Assets |
2541.901 |
2539.671 |
2250.541 |
|
|
|
|
|
|
TOTAL |
5168.932 |
4616.757 |
3991.456 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4923.000 |
4113.300 |
3506.100 |
|
|
|
Other Income |
54.900 |
36.800 |
144.100 |
|
|
|
TOTAL |
4977.900 |
4150.100 |
3650.200 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
4367.500 |
3585.900 |
3265.400 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
610.400 |
564.200 |
384.800 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
256.600 |
242.300 |
104.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
353.800 |
321.900 |
279.900 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
111.000 |
97.000 |
77.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
242.800 |
224.900 |
202.900 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
69.300 |
58.500 |
33.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
173.500 |
166.400 |
169.100 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
911.300 |
744.900 |
575.800 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1084.800 |
911.300 |
744.900 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
11.54 |
11.07 |
11.25 |
|
|
Particulars |
|
|
31.03.2014 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
5500.000 |
|
|
|
|
|
The above information has been parted by Mr. Ashok Rao
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.49 |
4.01 |
4.63 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.93 |
5.47 |
5.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.11 |
5.44 |
5.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.13 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.72 |
0.97 |
0.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.38 |
1.27 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
842.132 |
842.132 |
1186.847 |
|
Reserves & Surplus |
777.031 |
943.364 |
1116.908 |
|
Net
worth |
1619.163 |
1785.496 |
2303.755 |
|
|
|
|
|
|
long-term borrowings |
470.371 |
859.357 |
655.025 |
|
Short term borrowings |
640.193 |
881.485 |
995.125 |
|
Total
borrowings |
1110.564 |
1740.842 |
1650.150 |
|
Debt/Equity
ratio |
0.686 |
0.975 |
0.716 |
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 |
3506.100 |
4113.300 |
4923.000 |
|
|
|
17.318 |
19.685 |
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 |
3506.100 |
4113.300 |
4923.000 |
|
Profit |
169.100 |
166.400 |
173.500 |
|
|
4.82% |
4.05% |
3.52% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
Current Maturities of Long Term Debts |
71.637 |
80.116 |
256.255 |
|
|
|
|
|
|
Total |
71.637 |
80.116 |
256.255 |
|
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
four 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 |
----- |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Working capital loans from banks |
0.000 |
239.179 |
|
|
|
|
|
Total |
0.000 |
239.179 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10426538 |
30/04/2013 |
3,228,000.00 |
STATE BANK OF INDIA |
IFB, Natraj Building, 102, 1st Floor, 194, Sir M V Road Western Express
Highway, Andheri (E), Mumbai, Maharashtra - 400069, INDIA |
B75420760 |
|
2 |
10406786 |
18/02/2013 |
240,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BANDRA KURLA COMPLEX,
BANDRA (E), MUMBAI, Maharashtra - 400051, INDIA |
B69096329 |
|
3 |
10398009 |
28/12/2012 |
837,000.00 |
STATE BANK OF INDIA |
IFB, Natraj Building, 102, 1st Floor, 194, Sir M V Road Western
Express Highway, Andheri (E), Mumbai, Maharashtra - 400069, INDIA |
B66226267 |
|
4 |
10398007 |
28/12/2012 |
1,040,000.00 |
STATE BANK OF INDIA |
IFB, Natraj Building, 102, 1st Floor, 194, Sir M V Road Western
Express Highway, Andheri (E), Mumbai, Maharashtra - 400069, INDIA |
B66226200 |
|
5 |
90154378 |
25/04/2013 * |
1,341,700,000.00 |
STATE BANK OF INDIA |
IFB, Natraj Building, 102, 1st Floor, 194, Sir M V Road Western
Express Highway, Andheri (E), Mumbai, Maharashtra - 400069, INDIA |
B74577735 |
* Date of charge modification
FIXED ASSETS
œ Land
œ
Buildings
œ
Office
building
œ
Plant
and equipment
œ
Furniture
and fixtures
œ
Vehicles
œ
Motor
vehicles
œ
Office
equipment
œ
Goodwill
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.60.80 |
|
|
1 |
Rs.100.06 |
|
Euro |
1 |
Rs.78.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
53 |
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.