MIRA INFORM REPORT
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Report No. : |
318880 |
|
Report Date : |
23.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
KAIRAV CHEMO FARBE INDUSTRIES LIMITED |
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Registered
Office : |
6, Kitab Mahal, 192, D.N. Road, Mumbai-400001, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
08.12.1983 |
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Com. Reg. No.: |
11-031523 |
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Capital
Investment / Paid-up Capital : |
Rs.120.000 Million |
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CIN No.: [Company Identification
No.] |
U24110MH1983PLC031523 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCK0615N |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of
specialized fine chemical and also in business of trading in Caustic
soda Flaks, Potassium hydroxide, MEG, DEG |
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No. of Employees
: |
225 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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. Reserves of the company seems to be low during 2014. External Borrowings
of the company has also increased as compared to previous year. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
|
Date |
Not Available |
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 PARTED BY
|
Name : |
Mr. Amit Mody |
|
Designation : |
Account Manager |
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Contact No.: |
91-22-27410317 |
|
Date : |
21.04.2015 |
LOCATIONS
|
Registered Office : |
6, Kitab Mahal, 192, D.N. Road, Mumbai-400001, Maharashtra, India |
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Tel. No.: |
91-22-22010930/22010935 |
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Fax No.: |
91-22-22010918 |
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E-Mail : |
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Website : |
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Area : |
400 Sq. ft. |
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Location: |
Owned |
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Factory : |
J77, MIDC, Taloja, Maharashtra, India |
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Area : |
4800 Mtr. |
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Location: |
Owned |
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Corporate Office : |
502, Filix, LBS Marg, Opposite Asian Paint, Bhandup (West), Mumbai – 400078,
Maharashtra, Indai |
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Area : |
1500 Sq. ft. |
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Administration
office : |
Khanna Industrial Estate, Behind Prem Nagar Society, Old Mumbai – Pune
Road, Kalwa, thane – 400605, India |
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Tel no. : |
91-22-25398361/62/25390203/25392457 |
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Fax no. : |
91-22-25438586 |
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Email : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Arun Mohanlal Doshi |
|
Designation : |
Whole Time Director |
|
Address : |
13, Yogniti, 18, S.V. Road, Santacruz (West), Mumbai-400054,
Maharashtra, India |
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Date of Birth/Age : |
27.07.1946 |
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Date of Appointment : |
08.12.1983 |
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Din No.: |
00786570 |
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Name : |
Mrs. Aarti Arun Doshi |
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Designation : |
Director |
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Address : |
13, Yogniti, 18, S.V. Road, Santacruz (West), Mumbai-400054,
Maharashtra, India |
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Date of Birth/Age : |
08.06.1949 |
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Date of Appointment : |
08.12.1988 |
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Din No.: |
01739520 |
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Name : |
Mr. Virendra Jayantilal Sutaria |
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Designation : |
Director |
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Address : |
801-B, Devraj, E/27, Opposite NRI Tower, Judges Bunglow Road,
Ahmedabad-380059, Gujarat India |
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Date of Birth/Age : |
16.09.1946 |
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Date of Appointment : |
25.02.2002 |
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Din No.: |
02269189 |
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Name : |
Mr. Vishwas Gopal Navare |
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Designation : |
Director |
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Address : |
Flat No. 41, Tarangan Tower, 1, Cadbury Compound, Pokhran-1,
Thane-400606, Maharashtra, India |
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Date of Birth/Age : |
14.09.1953 |
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Date of Appointment : |
01.10.2008 |
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Din No.: |
02134013 |
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Name : |
Mr. Kairav Arunkumar Doshi |
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Designation : |
Director |
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Address : |
13, Yogniti, 18, S.V. Road, Santacruz (West), Mumbai-400054,
Maharashtra, India |
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Date of Birth/Age : |
19.07.1982 |
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Date of Appointment : |
01.10.2008 |
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Din No.: |
02345096 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Mody |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Arun Mohanlal Doshi |
|
7161930 |
|
Aarti Arun Doshi |
|
2345860 |
|
Dhansukh Mohanlal Doshi |
|
202 |
|
Ashwin Mohanlal Doshi |
|
202 |
|
Dhaval Arun Doshi |
|
164302 |
|
Jalpa Arun Doshi |
|
50002 |
|
Kairav Arun Doshi |
|
2267500 |
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Rajnikant N. Kanakia |
|
1 |
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Virendra Jayantilal Sutaria |
|
10001 |
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TOTAL
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|
12000000 |
As on 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of specialized fine chemical and also in business
of trading in Caustic soda Flaks, Potassium hydroxide, MEG, DEG |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Specialised fine chemical |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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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 : |
225 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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Name : |
Mehta Bharat and Associates Chartered Accountants |
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Address : |
16, Vasant Niwas, Nehru Road, Vile Parle (East), Mumbai-400057,
Maharashtra, India |
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PAN No: |
AAEPM6603R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives : |
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CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
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|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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|
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
120.000 |
120.000 |
100.000 |
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(b) Reserves & Surplus |
101.575 |
74.112 |
47.603 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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|
|
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
221.575 |
194.112 |
147.603 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
98.950 |
49.372 |
29.642 |
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(b) Deferred tax liabilities
(Net) |
21.663 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
6.988 |
5.450 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
120.613 |
56.360 |
35.092 |
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(4) Current Liabilities |
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(a) Short term borrowings |
276.890 |
252.074 |
177.818 |
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(b) Trade payables |
176.743 |
85.958 |
82.373 |
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(c) Other current liabilities |
13.082 |
10.344 |
3.523 |
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(d) Short-term provisions |
29.515 |
17.633 |
11.687 |
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Total
Current Liabilities (4) |
496.230 |
366.009 |
275.401 |
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|
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TOTAL |
838.418 |
616.481 |
458.096 |
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II.
ASSETS |
|
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(1) Non-current assets |
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|
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(a) Fixed Assets |
|
|
|
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(i) Tangible assets |
160.767 |
114.629 |
96.554 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.656 |
6.046 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.097 |
0.097 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
161.520 |
120.772 |
96.554 |
|
|
|
|
|
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(2) Current assets |
|
|
|
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(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
304.577 |
197.503 |
145.372 |
|
(c) Trade receivables |
220.167 |
200.284 |
167.760 |
|
(d) Cash and cash equivalents |
53.345 |
32.869 |
12.840 |
|
(e) Short-term loans and
advances |
98.808 |
65.051 |
35.567 |
|
(f) Other current assets |
0.001 |
0.002 |
0.003 |
|
Total
Current Assets |
676.898 |
495.709 |
361.542 |
|
|
|
|
|
|
TOTAL |
838.418 |
616.481 |
458.096 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1350.391 |
1267.541 |
1021.580 |
|
|
Other Income |
0.951 |
8.498 |
3.133 |
|
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TOTAL
(A) |
1351.342 |
1276.039 |
1024.713 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1049.548 |
1005.119 |
789.590 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(78.657) |
(62.712) |
(20.437) |
|
|
Employees benefits expense |
29.742 |
24.036 |
10.103 |
|
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Other expenses |
227.596 |
222.316 |
174.887 |
|
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TOTAL
(B) |
1228.229 |
1188.759 |
954.143 |
|
|
|
|
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|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
123.113 |
87.280 |
70.570 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
52.866 |
32.900 |
28.947 |
|
|
|
|
|
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|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
70.247 |
54.380 |
41.623 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
16.923 |
12.800 |
10.560 |
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|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
53.324 |
41.580 |
31.063 |
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|
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|
|
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|
Less |
TAX
(I) |
25.862 |
15.071 |
11.013 |
|
|
|
|
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|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
27.462 |
26.509 |
20.050 |
|
|
|
|
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
74.111 |
47.602 |
27.552 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
101.573 |
74.111 |
47.602 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
205.957 |
134.595 |
NA |
|
|
|
|
|
|
|
|
CIF
Value of Imports |
144.540 |
116.589 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
2.29 |
2.21 |
2.01 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1660.000 |
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The above information has been parted by Mr. Amit Mody
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.03 |
2.09 |
1.96 |
|
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|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
9.12 |
6.89 |
6.91 |
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|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.37 |
6.81 |
6.78 |
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|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.21 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.70 |
1.55 |
1.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.35 |
1.31 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
100.000 |
120.000 |
120.000 |
|
Reserves & Surplus |
47.603 |
74.112 |
101.575 |
|
Net
worth |
147.603 |
194.112 |
221.575 |
|
|
|
|
|
|
long-term borrowings |
29.642 |
49.372 |
98.950 |
|
Short term borrowings |
177.818 |
252.074 |
276.890 |
|
Total
borrowings |
207.460 |
301.446 |
375.840 |
|
Debt/Equity
ratio |
1.406 |
1.553 |
1.696 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1021.580 |
1267.541 |
1350.391 |
|
|
|
24.077 |
6.536 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1021.580 |
1267.541 |
1350.391 |
|
Profit |
20.050 |
26.509 |
27.462 |
|
|
1.96% |
2.09% |
2.03% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF LONG TERM DEBT: NOT
AVAILABLE
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last 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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
BUSINESS ACTIVITY AND PERFORMANCE:
The company is manufacturing chemicals namely, 1-4 Dioxane, 1-3 Dioxlone, Dibultile Ether, Mythalyl, Monoglyme, Dyglyme, Ad mixture construction chemical etc., at the factory situated at MIDC, Taloja, Maharashtra and also in business of trading in Caustic soda Flaks, Potassium hydroxide, MEG, DEG.
COMPANY’S PERFORMANCE
For the financial year ended March 31, 2014, the company has achieved a strong revenue and overall profit margin performance. The Company’s revenue from its operations for the year was Rs 1350.300 Million higher by 6.53% over previous fiscal year. The company has achieved a profitability of Rs.5332.400 Million higher by 28.24% over the previous fiscal year.
INDUSTRIAL RELATION
The company continued to maintain harmonious industrial relations, to-operation between the employees and management ensured that no man-days were lost. Personnel policies and welfare schemes were continuously aligned with the company’s goals and objectives.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loan and advances from others |
64.896 |
17.507 |
|
|
|
|
|
Total |
64.896 |
17.507 |
INDEX OF CHARGES
|
S.
NO. |
CHARGE
ID |
DATE
OF CHARGE CREATION/MODIFICATION |
CHARGE
AMOUNT SECURED |
CHARGE
HOLDER |
ADDRESS |
SERVICE
REQUEST NUMBER (SRN) |
|
1 |
10442585 |
05/02/2013 |
60,000,000.00 |
THE
HONG KONG AND SHANGHAI BANKING CORPORATION LIMITED |
52/60,
MAHATMA GANDHI ROAD, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
B76201433 |
|
2 |
10387396 |
08/11/2012 |
20,000,000.00 |
AXIS
BANK LIMITED |
CORPROATE
BANKING BRANCH,AXIS HOUSE,GR FLOOR, BOM |
B62302682 |
|
3 |
10322516 |
10/01/2014
* |
437,000,000.00 |
AXIS
BANK LIMITED |
GROUND
FLOOR, AXIS HOUSE,, BOMBAY DYEING MILLS COMPOUND, P B MARG, WORLI, MUMBAI - 400025,
MAHARASHTRA, INDIA |
B94666005 |
|
4 |
10285071 |
03/12/2013
* |
381,500,000.00 |
AXIS
BANK LIMITED |
GROUND
FLOOR, AXIS HOUSE,, BOMBAY DYEING MILLS COMPOUND, P B MARG, WORLI, MUMBAI -
400025, MAHARASHTRA, INDIA |
B91257220 |
|
5 |
10285072 |
30/03/2011 |
17,500,000.00 |
AXIS
BANK LIMITED |
DHIRAJ
BAUG, LBS MARG,, NEAR HARINIWAS CIRCLE, THANE (WEST), MUMBAI - 400602,
MAHARASHTRA, INDIA |
B12004578 |
|
6 |
10285073 |
30/03/2011 |
18,000,000.00 |
AXIS
BANK LIMITED |
DHIRAJ
BAUG, LBS MARG,, NEAR HARINIWAS CIRCLE, THANE (WEST), MUMBAI - 400602,
MAHARASHTRA, INDIA |
B12005013 |
|
7 |
10258212 |
22/11/2010 |
3,773,026.00 |
RELIANCE
CAPITAL LTD |
"H"
BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI -
400710, MAHARASHTRA, INDIA |
B00588657 |
|
8 |
10386399 |
31/08/2010 |
3,000,000.00 |
CENTRAL
BANK OF INDIA |
BORIBUNDER
BRANCH, KITAB MAHAL, DR D N ROAD, MUMBAI - 400001, MAHARASHTRA, INDIA |
B02548196 |
|
* Date of charge modification |
||||||
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Furniture and fixtures
- Vehicles
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.62.82 |
|
|
1 |
Rs.93.85 |
|
Euro |
1 |
Rs.67.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
ART |
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 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
27 |
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.