MIRA INFORM REPORT
|
Report No. : |
316584 |
|
Report Date : |
11.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
DML EXIM PRIVATE LIMITED (w.e.f. 26.07.2008) |
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Formerly Known
As : |
D M LAKHANI OVERSEAS PRIVATE LIMITED (w.e.f.12.09.2003) SHREE SONAL IEE (JAYDEEP HOTELS) PRIVATE LIMITED |
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Registered
Office : |
405, Embassy Tower, Opposite Jubilee Garden, Jawahar Road, Rajkot –
360001, Gujarat |
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Tel No.: |
91-281-2229183 |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
07.09.1988 |
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Com. Reg. No.: |
04-011223 |
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Capital
Investment / Paid-up Capital : |
Rs.19.363 Million |
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CIN No.: [Company Identification
No.] |
U55100GJ1988PTC011223 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
RKTD00967B |
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PAN No.: [Permanent Account No.] |
AABED8911B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of trading of agricultural products and wind power generation and its selling and distribution. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 1100000 |
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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 a moderate track record. As per ROC the date of balance sheet (i.e financial filed) is shown as
31.03.2014 but the documents related to the financial for the year 2014 are
not available from any sources. As per available financial of 2013, there seems a dip in the turnover
and profit of the company, borrowing recorded by the company are also huge. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: BBB- |
|
Rating Explanation |
Moderate degree of safety it carry moderate
credit risk. |
|
Date |
30.06.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A3 |
|
Rating Explanation |
Moderate degree of safety it carry higher
credit risk. |
|
Date |
30.06.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE CONTACT NO.: 91-281-2229183
LOCATIONS
|
Registered Office : |
405, Embassy Tower, Opposite Jubilee Garden, Jawahar Road, Rajkot –
360001, Gujarat, India |
|
Tel. No.: |
91-281-2229183/ 2240671/ 2222991-993/ 2223731 |
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Fax No.: |
91-281-2230505/ 2229643/ 2220409 |
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E-Mail : |
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Website : |
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Area : |
5000 Sq. Ft. |
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Location : |
Owned |
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Corporate Office
: |
504, Venus Atlantis Corporate
Park, Prahlad Nagar Road, Satellite, Near S.G Road, Ahmedabad – 380015,
Gujarat, India |
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Tel No.: |
91-79-40082011/ 40082012 |
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Fax No.: |
91-79-40082014 |
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Branch Office : |
B-604, Sagar Tech Plaza, Sakinaka Junction, Andheri (East), Mumbai -
400075, Maharashtra, India |
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E-Mail : |
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Area : |
800 Sq. Ft. |
DIRECTORS
AS ON 25.09.2014
|
Name : |
Mr. Harishbhai Jayantilal Lakhani |
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Designation : |
Director |
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Address : |
“Vrundavan”, Tapovan Society, Near Aminmarg, Rajkot – 360002, Gujarat,
India |
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Date of Birth/Age : |
13.05.1959 |
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Date of Appointment : |
12.05.2003 |
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DIN No.: |
01658810 |
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Other Directorship :
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Name : |
Mr. Chirag Harishkumar Lakhani |
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Designation : |
Director |
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Address : |
“Vrundavan”, Tapovan Society, Near Aminmarg, Rajkot – 360002, Gujarat,
India |
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Date of Birth/Age : |
23.08.1986 |
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Qualification : |
B. Com |
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Date of Appointment : |
11.09.2004 |
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DIN No.: |
01624243 |
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Other Directorship :
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Name : |
Mr. Darshan Harishkumar Lakhani |
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Designation : |
Director |
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Address : |
“Vrundavan”, Tapovan Society, Near Aminmarg, Rajkot – 360002, Gujarat,
India |
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Date of Birth/Age : |
23.08.1986 |
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Qualification : |
B. Com |
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Date of Appointment : |
11.09.2004 |
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DIN No.: |
01658879 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Minaben Harishkumar Lakhani |
|
181020 |
|
Narendrakumar Nanjibhai Davda |
|
178000 |
|
Harishkumar Jayantilal Lakhani |
|
190250 |
|
Dollyben Harishkumar Lakhani |
|
190000 |
|
Prabhaben Jayantilal Lakhani |
|
190000 |
|
Chiragbhai Harishkumar Lakhani |
|
188500 |
|
Darshan Harishkumar Lakhani |
|
190000 |
|
Bharatkumar Mathurdas Atari |
|
4500 |
|
Jagdishkumar Kanjibhai Jobanputra |
|
4500 |
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Prafulkumar Mathurdas Atari |
|
4500 |
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Sureshkumar Mathurdas Atari |
|
4500 |
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Ajaykumar Pravinkumar Khimani |
|
4500 |
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Bhanumati Ratilal Jobanputra |
|
4500 |
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Bharatkumar G. Dave |
|
4500 |
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Dharmeshkumar Laxmidas Jobanputra |
|
4500 |
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Dhirajben Laxmidas Jobanputra |
|
4500 |
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Hinaben Bhaveshkumar Jobanputra |
|
4500 |
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Jaysukhlal Ratilal Chandarana |
|
4500 |
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Vinodbhai Chhotalal Karia |
|
4500 |
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Mukeshkumar Jayantilal Lakhani |
|
4500 |
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Nitaben Bharatbhai Dave |
|
4500 |
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Parag Pravinkumar Khiman |
|
4500 |
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Parulben Nileshkumar Jobanputra |
|
4500 |
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Pintukumar Pravinkumar Khimani |
|
4500 |
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Pravinkumar Manilal Khimani |
|
4500 |
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Rajeshkumar Manilal Khimani |
|
4500 |
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Varshaben Rajeshkumar Kotecha |
|
4500 |
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Nilesh Ratilal Jobanputra |
|
7500 |
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Pravinaben Narendra Davda |
|
187500 |
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Sejal Darshan Lakhani |
|
190000 |
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Vanitbhai Jadavjibhai Karia |
|
140000 |
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Veenaben Vanitbhai Karia |
|
13500 |
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Total |
|
1936270 |
AS ON 25.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
89.85 |
|
Other top fifty shareholders |
|
10.15 |
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|
|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of trading of
agricultural products and wind power generation and its selling and
distribution. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
· Oriental Bank of Commerce, Aum Planet, Ground Floor, Opposite Nirmala Convent School, Rajkot - 360001, Gujarat, India |
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Facilities : |
Note : Working Capital facility is secured by charge by way of hypothecation of stock in trade, advances to suppliers, entire receivables, duty draw back, DEPB and foreign dcoumetary demand bill and EM of offices and pledge of FD and EM of properties of directors and relatives. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
N. M. Unadkat and Company Chartered Accountants |
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Address : |
306-307, Everest Complex, Opposite Shastri Maidan, |
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PAN No.: |
AAFPU7460F |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary Company
AS ON 31.03.2013: |
[U51100GJ2005PTC046782]
|
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,936,270 |
Equity Shares |
Rs.10/- each |
Rs.19.363
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
19.363 |
19.363 |
19.363 |
|
(b) Reserves & Surplus |
381.551 |
328.920 |
158.472 |
|
(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) |
400.914 |
348.283 |
177.835 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.282 |
|
(b) Deferred tax liabilities
(Net) |
12.068 |
12.099 |
6.961 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
136.330 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
12.068 |
12.099 |
143.573 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1172.407 |
993.105 |
24.754 |
|
(b) Trade payables |
400.607 |
222.153 |
147.158 |
|
(c) Other current liabilities |
81.908 |
99.741 |
0.000 |
|
(d) Short-term provisions |
0.157 |
2.418 |
21.456 |
|
Total
Current Liabilities (4) |
1655.079 |
1317.417 |
193.368 |
|
|
|
|
|
|
TOTAL |
2068.061 |
1677.799 |
514.776 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
53.627 |
57.259 |
60.988 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
67.915 |
6.325 |
6.325 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.708 |
2.434 |
1.007 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
127.250 |
66.018 |
68.320 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
727.280 |
825.038 |
62.602 |
|
(c) Trade receivables |
910.875 |
351.280 |
26.884 |
|
(d) Cash and cash equivalents |
79.130 |
367.869 |
178.146 |
|
(e) Short-term loans and
advances |
223.526 |
67.594 |
178.824 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1940.811 |
1611.781 |
446.456 |
|
|
|
|
|
|
TOTAL |
2068.061 |
1677.799 |
514.776 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
9045.667 |
9725.360 |
6511.729 |
|
|
Other Income |
360.972 |
361.129 |
105.734 |
|
|
TOTAL
|
9406.639 |
10086.489 |
6617.463 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
9317.746 |
9820.032 |
6441.174 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
88.893 |
266.457 |
176.289 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
9.544 |
10.332 |
1.106 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
79.349 |
256.125 |
175.183 |
|
|
|
|
|
|
|
Less |
TAX |
26.718 |
85.678 |
61.280 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
52.631 |
170.447 |
113.903 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
52.631 |
170.447 |
113.903 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
8023.443 |
8673.528 |
6297.495 |
|
|
TOTAL
EARNINGS |
8023.443 |
8673.528 |
6297.495 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
27.18 |
88.02 |
58.82 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.58 |
1.75 |
1.75 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.97 |
15.32 |
34.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
0.20 |
0.74 |
0.99 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
2.92 |
2.85 |
0.14 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
1.17 |
1.22 |
2.31 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
19.363 |
19.363 |
19.363 |
|
Reserves & Surplus |
158.472 |
328.920 |
381.551 |
|
Net
worth |
177.835 |
348.283 |
400.914 |
|
|
|
|
|
|
long-term borrowings |
0.282 |
0.000 |
0.000 |
|
Short term borrowings |
24.754 |
993.105 |
1172.407 |
|
Total
borrowings |
25.036 |
993.105 |
1172.407 |
|
Debt/Equity
ratio |
0.141 |
2.851 |
2.924 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Revenue from operations |
6511.729 |
9725.360 |
9045.667 |
|
|
|
49.351 |
(6.989) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Revenue from operations |
6511.729 |
9725.360 |
9045.667 |
|
Profit After Tax |
113.903 |
170.447 |
52.631 |
|
|
1.75% |
1.75% |
0.58% |
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 |
Yes |
|
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 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 |
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 |
No |
|
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 |
NOTE : The registered office of the company has been shifted from Shop E – 19, Marketing Yard, Rajkot – 360003, Gujarat, India to the present address w.e.f. 02.01.2006.
OPERATION (AS ON
31.03.2013):
During the year, revenue from operations reported by Company amounted to Rs. 9045.667 Million as compared to Rs. 9725.360 Million of previous year 2011-12. Other income reported by Company amounted to Rs. 360.972 Million as compared to Rs. 361.128 Million of the previous year 2011-12. Further, the Company reported Net Profit after tax of Rs. 52.631 Million as compared to Rs. 170.447 Million of the previous year 2011-12. The management presents the financial results with an assurance to try at their level best to sustain consistency, increase profitability and improve the financial structure of the Company.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10149582 |
09/02/2009 |
40,000,000.00 |
ORIENTAL BANK OF COMMERCE |
'MANGAL BHAVAN',, NIRMALA CONVENT SCHOOL ROAD BRANCH, RAJKOT, GUJARAT - 360005, INDIA |
A59627406 |
|
2 |
90099994 |
29/11/2012 * |
4,060,000,000.00 |
ORIENTAL BANK OF COMMERCE |
AUM PLANET, GROUND FLOOR, OPP. NIRMALA CONVENT SCHOOL, RAJKOT, GUJARAT - 360001, INDIA |
B63370134 |
|
3 |
90096924 |
12/03/2013 * |
7,480,000,000.00 |
ORIENTAL BANK OF COMMERCE |
AUM PLANET, GROUND FLOOR, OPP. NIRMALA CONVENT SCHOOL, RAJKOT, GUJARAT - 360001, INDIA |
B72322977 |
* Date of charge modification
FIXED ASSETS
· Land
· Building
· Office Equipments
· Computer Equipments
· Furniture Fixtures
· Vehicles
· Knowhow
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. 62.37 |
|
|
1 |
Rs. 91.60 |
|
Euro |
1 |
Rs. 66.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
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 |
|
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.