MIRA
INFORM REPORT
|
Report Date : |
24.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
ACG PAMPAC MACHINES PRIVATE LIMITED (w.e.f.
23.12.2009) |
|
|
|
|
Formerly Known
As : |
PAM PAC MACHINES PRIVATE LIMITED PAM PAC MACHINES LIMITED |
|
|
|
|
Registered
Office : |
1001/1002, Dalamal House, 10th
Floor, Nariman Point, Mumbai – 400021, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
09.07.1987 |
|
|
|
|
Com. Reg. No.: |
11-044041 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.22.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27299MH1987PTC044041 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEP00296C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP4134F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Packaging Machinery and its components. |
|
|
|
|
No. of Employees
: |
Information Declined by Management |
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 |
|
Maximum Credit Limit : |
USD 4000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “ACG World Wide”. It is a well-established company
having fine track. The company possesses a healthy financial profile marked by sound networth base and low gearing with comfortable capital
structure during 2013. Management has reported an increase in its net profitability which has
intern increased the cash inflows to certain extent, the favourable
gap between trade receivables and payables which has further strengthened the
liquidity profile. Trade relations are fair. Business is active. Payment terms are
reported as regular and as per commitments. In view of long standing presence, experienced promoters and reputed
group companies, the subject can be considered for 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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
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.
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
Management Non Co-Operative (91-22-30089444)
LOCATIONS
|
Registered Office / Corporate Headquarters : |
1001/1002, Dalamal House, 10th
Floor, Nariman Point, Mumbai-400021, Maharashtra, India
|
|
Tel. No.: |
91-22-30089444 / 45 |
|
Fax No.: |
91-22-22872560 |
|
E-Mail : |
|
|
|
|
|
Factory / Branch Office : |
Gate No.446/2, Village Bebadohol, Taluka Maval, District
Pune-410506, Maharashtra, India |
|
Tel. No.: |
91-2114-305700 / 1 |
|
Fax No.: |
91-2114-237092 |
DIRECTORS
AS ON 12.09.2013
|
Name : |
Mr. Karan Singh |
|
Designation : |
Managing Director |
|
Address : |
2-B, Swapnalok Napean
Sea Road, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
23.07.1979 |
|
Date of Appointment : |
01.11.2012 |
|
DIN No.: |
00901342 |
|
|
|
|
Name : |
Mr. Ajit Singh |
|
Designation : |
Director |
|
Address : |
A-1, Brighton Napean Sea Road,
Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
20.11.1941 |
|
Date of Appointment : |
17.10.2012 |
|
DIN No.: |
00915347 |
|
|
|
|
Name : |
Mr. Jasjit Singh |
|
Designation : |
Director |
|
Address : |
2-B, Swapnalok Napean
Sea Road, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
03.04.1943 |
|
Date of Appointment : |
09.07.1987 |
|
DIN No.: |
00901470 |
|
|
|
|
Name : |
Mr. Shriram Parameswaran |
|
Designation : |
Whole-time Director |
|
Address : |
B-901, Mantri Lawns, Gaikwad
Nagar, Aundh, Pune – 411 007, Maharashtra,
India |
|
Date of Birth/Age : |
17.12.1961 |
|
Date of Appointment : |
12.09.2013 |
|
DIN No.: |
06401390 |
MAJOR SHAREHOLDERS
AS ON 12.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Singh Daljit Jasjit
/ Kavita Jasjit Singh |
688 |
0.31 |
|
Daljit Singh / Ajit
Singh / Monica |
688 |
0.31 |
|
ACG Arts and Properties Private Limited, India |
43541 |
19.79 |
|
Evita Estates Private Limited, India |
175083 |
79.58 |
|
Total |
220000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 12.09.2013
|
Category |
Percentage |
|
Bodies corporate |
99.37 |
|
Directors or relatives of Directors |
0.63 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Packaging Machinery and its components. |
GENERAL INFORMATION
|
No. of Employees : |
Information Declined by Management |
||||||||||||||||||
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|
|
||||||||||||||||||
|
Bankers : |
Bank of India, Pune Main Branch, 8/A Dr. Coyaji
Road, Camp, Pune – 411 001, Maharashtra,
India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B K Khare and Company Chartered Accountant |
|
Address : |
Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-22000607 / 7318 / 6360 / 66315835 / 36 |
|
Fax No.: |
91-22-22003476 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAARF0265E |
|
|
|
|
Holding Company : |
Evita Estates Private Limited
[U70109MH2010PTC199305] |
|
|
|
|
Enterprise owned or significantly
Influenced by Key Management Personnel and their related: |
·
ACG Pam Pharma
technologies Private Limited ·
ACG Associated Capsules Private Limited ·
ACG Ajas Components
Private Limited ·
ACG Arts and Properties Private Limited,
India [U24239MH1983PTC031336] ·
ACG Pharmapack Private Limited ·
ACG Metal Craft Private Limited ·
ACG Real Estate Private Limited ·
Customs Capsules Private Limited ·
ACG Inspection Systems Private Limited ·
EH Advisors and Consultants Private Limited ·
AE Advisors and Private Limited ·
Pam Glatt Pharmatechnologies Private Limited ·
Jeet Merciantile
Private Limited ·
Orind Estates Private Limited ·
Adhikar Trading Private
Limited ·
Evita Estate Private Limited ·
Packshield India Private
Limited ·
ACG Associated Capsules Philippines Inc. ·
ACG Europe Limited ·
ACG North America LLC ·
ACG Lucaps D.O.O.,
Croatia ·
ACG Universal Capsuals,
Indonesia ·
ACG Do Brazil Representacoes
Commercials S/ A. ·
ACG Hongkong Limited ·
First Ventures Limited, Dubai ·
Transworld Investment
Limited, Dubai |
CAPITAL STRUCTURE
AS ON 12.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
220000 |
Equity Shares |
Rs.100/- each |
Rs.22.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
220000 |
Equity Shares |
Rs.100/- each |
Rs.22.000 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 |
22.000 |
22.000 |
22.000 |
|
(b) Reserves & Surplus |
997.638 |
866.316 |
760.830 |
|
(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) |
1019.638 |
888.316 |
782.830 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
1.019 |
7.608 |
7.917 |
|
(c) Other long term liabilities |
0.798 |
0.747 |
0.496 |
|
(d) long-term provisions |
12.952 |
11.930 |
10.689 |
|
Total Non-current Liabilities (3) |
14.769 |
20.285 |
19.102 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
7.245 |
33.688 |
24.030 |
|
(b) Trade payables |
134.947 |
159.872 |
104.385 |
|
(c) Other current
liabilities |
202.391 |
236.170 |
158.220 |
|
(d) Short-term provisions |
15.291 |
26.102 |
12.486 |
|
Total Current Liabilities (4) |
359.874 |
455.832 |
299.121 |
|
|
|
|
|
|
TOTAL |
1394.281 |
1364.433 |
1101.053 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
240.859 |
187.332 |
125.898 |
|
(ii) Intangible Assets |
0.000 |
4.630 |
11.575 |
|
(iii) Capital
work-in-progress |
0.000 |
3.394 |
0.076 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
12.045 |
17.632 |
17.332 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
183.851 |
195.275 |
179.425 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
436.755 |
408.263 |
334.306 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
253.881 |
281.645 |
129.980 |
|
(b) Inventories |
150.803 |
191.721 |
183.659 |
|
(c) Trade receivables |
292.403 |
252.732 |
133.973 |
|
(d) Cash and cash
equivalents |
12.528 |
5.485 |
17.739 |
|
(e) Short-term loans and advances |
210.389 |
178.301 |
249.938 |
|
(f) Other current assets |
37.522 |
46.286 |
51.458 |
|
Total Current Assets |
957.526 |
956.170 |
766.747 |
|
|
|
|
|
|
TOTAL |
1394.281 |
1364.433 |
1101.053 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
1233.580 |
1010.970 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
1058.130 |
886.200 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
175.450 |
124.770 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
57.180 |
37.550 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
156.891 |
118.270 |
87.220 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
381.430 |
287.940 |
200.720 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
12.000 |
0.000 |
|
|
|
Dividend |
NA |
11.000 |
0.000 |
|
|
|
Tax on Dividend |
NA |
1.780 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
381.430 |
287.940 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
379.099 |
340.619 |
|
|
TOTAL EARNINGS |
NA |
379.099 |
340.619 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials, Component and Spares |
|
33.226 |
8.215 |
|
|
|
Capital Goods |
|
0.000 |
6.714 |
|
|
TOTAL IMPORTS |
NA |
33.226 |
14.929 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
713.14 |
538 |
396 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
9.59
|
8.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
13.06
|
11.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.20
|
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.01
|
0.04
|
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.66
|
2.10
|
2.56 |
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 |
22.000 |
22.000 |
22.000 |
|
Reserves & Surplus |
760.830 |
866.316 |
997.638 |
|
Net
worth |
782.830 |
888.316 |
1019.638 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
24.030 |
33.688 |
7.245 |
|
Total
borrowings |
24.030 |
33.688 |
7.245 |
|
Debt/Equity
ratio |
0.031 |
0.038 |
0.007 |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
two 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 |
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 |
No |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90211016 |
23/08/2004
* |
72,500,000.00 |
BANK
OF INDIA |
PUNE
MAIN BRANCH, 8/A DR. COYAJI ROAD, CAMP, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
2 |
90242291 |
08/08/2005
* |
72,500,000.00 |
BANK
OF INDIA |
PUNE
MAIN BRANCH, 8/A DR. COYAJI ROAD, CAMP, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
3 |
90215647 |
29/03/2004
* |
18,500,000.00 |
BANK
OF INDIA |
PUNE
MAIN BRANCH, 8/A DR. COYAJI ROAD, CAMP, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
4 |
90242236 |
31/07/1999 |
28,500,000.00 |
BANK
OF INDIA |
PUNE
MAIN BRANCH, 8/A DR. COYAJI ROAD, CAMP, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
5 |
90212794 |
04/01/1996 |
4,000,000.00 |
BANK
OF INDIA |
PUNE
MAIN BRANCH, 8/A DR. COYAJI ROAD, CAMP, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
6 |
90215479 |
28/07/1997
* |
4,000,000.00 |
BANK
OF INDIA |
PUNE
MAIN BRANCH, 8/A DR. COYAJI ROAD, CAMP, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
7 |
90210858 |
12/08/1997
* |
10,850,000.00 |
BANK
OF INDIA |
PUNE
MAIN BRANCH, 8/A DR. COYAJI ROAD, CAMP, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
8 |
90212603 |
27/01/1995 |
5,300,000.00 |
BANK
OF INDIA |
PUNE
MAIN BRANCH, 8/A DR. COYAJI ROAD, CAMP, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
9 |
90212408 |
18/10/1993 |
14,350,000.00 |
BANK
OF INDIA |
PUNE
MAIN BRANCH, 8/A DR. COYAJI ROAD, CAMP, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
10 |
90212301 |
04/01/1996
* |
1,500,000.00 |
BANK
OF INDIA |
PUNE
MAIN BRANCH, 8/A DR. COYAJI ROAD, CAMP, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
11 |
90215323 |
28/07/1997
* |
1,500,000.00 |
BANK
OF INDIA |
PUNE
MAIN BRANCH, 8/A DR. COYAJI ROAD, CAMP, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
12 |
90215267 |
19/09/1990 |
5,900,000.00 |
MARASHTRA
STATE FINANCIAL CORPORATION |
NEW EXCELSIOR
BLD., A.K. NAYAK MARG ; FORT, BOMBAY - 400001, MAHARASHTRA, INDIA |
- |
|
13 |
90212096 |
18/10/1993
* |
1,300,000.00 |
BANK
OF INDIA |
PUNE
MAIN BRANCH, 8/A DR. COYAJI ROAD, CAMP, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
14 |
90215259 |
28/07/1997
* |
1,300,000.00 |
BANK
OF INDIA |
PUNE
MAIN BRANCH, 8/A DR. COYAJI ROAD, CAMP, PUNE - 411001, MAHARASHTRA, INDIA |
- |
|
15 |
90215224 |
22/03/1995
* |
9,000,000.00 |
THE
STATE INDUSTRIAL & INVESTMENT CORPORATION OF MARASHTRAL |
NIRAML,
NARIMAN POINT, BOMBAY - 400021, MAHARASHTRA, INDIA |
- |
|
16 |
90212003 |
10/11/1989 |
4,000,000.00 |
BANK
OF INDIA |
PUNE
MAIN BRANCH, 8/A DR. COYAJI ROAD, CAMP, PUNE - 411001, MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
Tangible assets
·
Land
·
Buildings
·
Office building
·
Factory building
·
Plant and equipment
·
Factory Equipments
·
Other plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
·
Computer Equipments
·
Other Equipments
Intangible Assets
·
Technical Know-How fee
·
Goodwill
PRESS RELEASE:
ACG PAMPAC SELLS 94.60 LAKH SHARES OF KARUTURI
GLOBAL
On December 31, 2012 ACG Pampac Machines Private Limited sold 9,460,000 shares of Karuturi Global at Rs.2.90 on the NSE. Also, Pam Pac
Machines Private Limited sold 4,800,000 shares at Rs.2.88. However, Sunil
Capital Capital & Securities Private Limited sold
5,234,058 shares at Rs 2.90 and bought 5,234,058
shares at Rs 2.89 on the NSE. In the previous trading
session, the share closed at Rs 3.04, down Rs 0.51, or 14.37%. It has touched a 52-week low of Rs 2.85. The company's trailing 12-month (TTM) EPS was at Rs 0.12 per share. (Sep, 2012). The stock's
price-to-earnings (P/E) ratio was 25.33. The latest book value of the company
is Rs 10.37 per share. At current value, the
price-to-book value of the company was 0.29
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 records 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.60.87 |
|
|
1 |
Rs.99.63 |
|
Euro |
1 |
Rs.78.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
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.