MIRA INFORM REPORT
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Report No. : |
319091 |
|
Report Date : |
27.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
3D TECHNOPACK LIMITED |
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|
|
|
Formerly Known
As : |
VORA CORK INDUSTRIES PRIVATE LIMITED VORA PACKAGING LIMITED VORA PACKAGING PRIVATE LIMITED |
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Registered
Office : |
306, Jaswanti Landmark, , Mehra Compound, L.B.S. Road,Vikhrol I (West), Mumbai- 400079 , Maharashtra |
|
Tel. No.: |
91-22-61805310 / 5300 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
05.09.1986 |
|
|
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|
Com. Reg. No.: |
11-040844 |
|
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|
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Capital
Investment / Paid-up Capital : |
Rs. 436.630 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29100MH1986PLC040844 |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMV09679F |
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|
|
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PAN No.: [Permanent Account No.] |
AAACV0142R |
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|
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of co-extruded plastic semless tubes with caps. |
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|
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No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s weak financial risk
profile marked by continuous accumulated losses incurred over a year and
below average financial performance of the company. However, trade relations are fair. Business is active. Payment terms
are slow. The company can be considered for business dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
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 : |
Ms. Anushree Naik |
|
Designation : |
Finance Head |
|
Contact No.: |
91-9820775853 |
|
Date : |
24.04.2015 |
LOCATIONS
|
Registered Office : |
306, Jaswanti Landmark, Mehra Compound, L.B.S. Road, Vikhroli (West),
Mumbai – 400079, Maharashtra, India |
|
Tel. No.: |
91-22-61805310 / 5300 |
|
Mobile No.: |
91-9820775853 (Mr. Anushree Naik) |
|
Fax No.: |
91-22-61805318 |
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E-Mail : |
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|
Website : |
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Factory : |
449/6, Masat Industrial Estate, Masat, Silvassa, UT of Dadra and Nagar
Havelli – 396 230, India |
|
Tel. No.: |
91-260-2640062/ 2640191 |
|
Fax No.: |
91-260-2640191 |
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|
|
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Administrative Office : |
467/A Vora Bhuvan King Circle, Mumbai-400019, Maharashtra, India |
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Tel. No.: |
91-22-24012239 |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. Bharat Bhagwandas Kewalramani |
|
Designation : |
Managing Director |
|
Address : |
252-A, |
|
Date of Birth/Age : |
03.03.1960 |
|
Qualification: |
M.B.A( |
|
Date of Appointment : |
27.02.2008 |
|
DIN No : |
00772687 |
|
|
|
|
Name : |
Mr. Manoj Tarachand Mohanka |
|
Designation : |
Director |
|
Address : |
9, Loveloc Palace, 4th Floor, Flat No. 4C, Kolkata – 700
019, West Bengal, India |
|
Date of Birth/Age : |
05.03.1963 |
|
Qualification: |
BCOM(HONS) Master Of Science(strategic Marketing) |
|
Date of Appointment : |
31.03.2003 |
|
DIN No : |
00128593 |
|
|
|
|
Name : |
Mrs. Dipika Roy |
|
Designation : |
Director |
|
Address : |
252, Maker Tower A, Cuffe Parade, Mumbai – 400 005, |
|
Date of Birth/Age : |
14.01.1961 |
|
Qualification: |
M.A. |
|
Date of Appointment : |
31.03.2003 |
|
DIN No : |
00323761 |
|
|
|
|
Name : |
Mr. Manish Gupta |
|
Designation : |
Director |
|
Address : |
101, Buena Vista, St. Alexius Road, Off. Turner Road, Bandra (West),
Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
03.10.1973 |
|
Qualification: |
BE, MBA |
|
Date of Appointment : |
16.08.2012 |
|
DIN No : |
00604556 |
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|
|
|
Name : |
Mr. Cyrus Adi Bagwadia |
|
Designation : |
Director |
|
Address : |
A – 10, Rustom Baug, Byculla, Mumbai – 400 027, |
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Date of Birth/Age : |
24.01.1947 |
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Qualification: |
B. Tech in Polymers, MBA |
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Date of Appointment : |
10.11.2008 |
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DIN No : |
01565989 |
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|
|
|
Name : |
Mr. Alok Chandra Misra |
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Designation : |
Director |
|
Address : |
B2, Regency Bliss, 10, Cornwell Road, Langford Gardens, Bangalore –
560025, Karnataka, India |
|
Date of Birth/Age : |
05.11.1966 |
|
Qualification: |
B.Com, FCA |
|
Date of Appointment : |
16.08.2012 |
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DIN No : |
01542028 |
KEY EXECUTIVES
|
Name : |
Ms. Anushree Naik |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.12.2014
|
Names of Shareholders |
|
No. of Shares |
|
Siddharth Sinha |
|
255000 |
|
Virtual Machine Limited, |
|
18643251 |
|
Eliza Hancock |
|
245788 |
|
Manille Limited |
|
3843107 |
|
MBCV Holdings Limited, |
|
783573 |
|
F.A. Hancock |
|
148202 |
|
Payal Mohanka |
|
776207 |
|
Rakesh Jhunjhunwala |
|
16334521 |
|
Mrunal Mohanka |
|
237843 |
|
Alok Chandra Mishra |
|
364894 |
|
Adil and Makduda Zainulbhai |
|
138618 |
|
Anuradha Tondon |
|
58254 |
|
Sunil Pophale |
|
165137 |
|
Adil Siraj Zainulbhai |
|
935084 |
|
Azeem Adil Zainulbhai |
|
13503 |
|
Manish Gupta |
|
123333 |
|
Utpal Sheth |
|
132135 |
|
Abhigram Shares and Securities Private Limited, India |
|
50722 |
|
Rajendra Tibrewala |
|
116519 |
|
Max Burger |
|
23705 |
|
Sandeep Singhal |
|
23788 |
|
Manish Gupta / Kavita Gupta |
|
27000 |
|
Sandeep Singhal/ Anjali Bansal |
|
72600 |
|
Manoj Mohanka |
|
350000 |
|
Bhagwan Kewalramani / Monini Kewalramani |
|
40717 |
|
Vera Cyrus Bagwadia / Cyrus Adi Bagwadia |
|
100000 |
|
Caption Investments Training company Private limited, India |
|
40700 |
|
Ariana Kewalramani |
|
1767295 |
|
Bharat Kewalramani |
|
10 |
|
Dipika Roy |
|
10 |
|
Kumar Ashar |
|
10 |
|
Anyshree Naik |
|
10 |
|
Shilpa Zope |
|
10 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
52.26 |
|
Bodies corporate |
0.20 |
|
Directors or relatives of Directors |
8.27 |
|
Other top fifty shareholders |
39.27 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of co-extruded plastic semless tubes with caps. |
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Products : |
Not Available |
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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 : |
Finished goods |
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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 : |
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Selling : |
Cash and Credit (30/60/90 Days) |
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Purchasing : |
Cash and Credit (30/60/90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users, OEM’s
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No. of Employees : |
500 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
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Auditors : |
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|
Name : |
Contractor, Nayak and Kishnadwala Chartered Accountants |
|
Address : |
501-502, Narain Chambers, M. G. Road, Vile (East), Mumbai – 400057, Maharashtra, India |
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PAN No.: |
AACFC8587E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : |
Virtual Machine Limited |
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Subsidiaries : |
3D Packaging FZE (Wholly Owned Subsidiary) |
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|
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Fellow Subsidiaries : |
3D Technopack Limited SARL |
|
|
|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management
: personnel and their
relatives |
Inox Boats and Machinery Private Limited |
|
|
|
CAPITAL STRUCTURE
As on 27.12.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
48,000,000 |
Equity Shares |
Rs.10/- each |
Rs.480.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45,811,556 |
Equity Shares |
Rs.10/- each |
Rs.458.115 million
|
|
|
|
|
|
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46000000 |
Equity Shares |
Rs.10/- each |
Rs. 460.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
43677678 |
Equity Shares |
Rs.10/- each |
Rs. 436.777
Million |
|
|
Less: Calls in Arrears
|
|
Rs. 0.147
Million |
|
|
Total |
|
Rs. 436.630 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
436.630 |
436.630 |
367.042 |
|
(b) Reserves & Surplus |
(199.063) |
(84.912) |
(42.548) |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
29.874 |
0.000 |
13.770 |
|
Total
Shareholders’ Funds (1) + (2) |
267.441 |
351.718 |
338.264 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
43.518 |
72.555 |
139.428 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
6.368 |
7.835 |
7.260 |
|
Total
Non-current Liabilities (3) |
49.886 |
80.390 |
146.688 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
178.197 |
156.111 |
118.116 |
|
(b) Trade payables |
81.776 |
63.898 |
47.191 |
|
(c) Other current liabilities |
116.773 |
125.906 |
143.598 |
|
(d) Short-term provisions |
4.041 |
3.442 |
5.630 |
|
Total
Current Liabilities (4) |
380.787 |
349.357 |
314.535 |
|
|
|
|
|
|
TOTAL |
698.114 |
781.465 |
799.487 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
446.286 |
511.986 |
584.613 |
|
(ii) Intangible Assets |
2.793 |
3.085 |
3.703 |
|
(iii) Capital work-in-progress |
0.000 |
0.078 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.026 |
0.026 |
0.026 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
15.936 |
13.882 |
14.393 |
|
(e) Other Non-current assets |
1.027 |
2.054 |
4.020 |
|
Total
Non-Current Assets |
466.068 |
531.111 |
606.755 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
83.255 |
75.645 |
54.716 |
|
(c) Trade receivables |
126.668 |
138.115 |
114.801 |
|
(d) Cash and cash equivalents |
7.018 |
14.517 |
4.401 |
|
(e) Short-term loans and
advances |
9.241 |
15.190 |
11.173 |
|
(f) Other current assets |
5.864 |
6.887 |
7.641 |
|
Total
Current Assets |
232.046 |
250.354 |
192.732 |
|
|
|
|
|
|
TOTAL |
698.114 |
781.465 |
799.487 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
558.286 |
650.755 |
539.239 |
|
|
|
Other Income |
8.138 |
8.705 |
5.463 |
|
|
|
TOTAL (A) |
566.424 |
659.460 |
544.702 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
321.652 |
362.704 |
290.673 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
6.499 |
(10.369) |
4.022 |
|
|
|
Employees benefits expense |
92.130 |
88.308 |
84.456 |
|
|
|
Other expenses |
120.786 |
118.301 |
119.326 |
|
|
|
Prior period items |
7.198 |
(0.745) |
0.000 |
|
|
|
TOTAL (B) |
548.265 |
558.199 |
498.477 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
18.159 |
101.261 |
46.225 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
42.775 |
42.429 |
38.363 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(24.616) |
58.832 |
7.862 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
89.534 |
100.635 |
96.690 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(114.150) |
(41.803) |
(88.828) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(114.150) |
(41.803) |
(88.828) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
93.227 |
60.748 |
68.683 |
|
|
|
|
|
|
|
|
|
|
C.I.F Value of
imports |
66.196 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(2.61) |
(0.96) |
(2.59) |
|
Expected Sales (2014-2015) Rs.600.000 Million
The above information has been parted by Ms. Anushree Naik
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(20.45) |
(6.42) |
(16.47) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.25 |
15.56 |
8.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(16.35) |
(5.35) |
(11.11) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.43) |
(0.12) |
(0.26) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.83 |
0.65 |
0.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.61 |
0.72 |
0.61 |
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 |
367.042 |
436.630 |
436.630 |
|
Reserves & Surplus |
(42.548) |
(84.912) |
(199.063) |
|
Share Application money
pending allotment |
13.770 |
0.000 |
29.874 |
|
Net
worth |
338.264 |
351.718 |
237.567 |
|
|
|
|
|
|
long-term borrowings |
139.428 |
72.555 |
43.518 |
|
Short term borrowings |
118.116 |
156.111 |
178.197 |
|
Total
borrowings |
257.544 |
228.666 |
221.715 |
|
Debt/Equity
ratio |
0.761 |
0.650 |
0.933 |
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 |
539.239 |
650.755 |
558.286 |
|
|
|
20.680 |
-14.209 |
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 |
539.239 |
650.755 |
558.286 |
|
Profit |
(88.828) |
(41.803) |
(114.150) |
|
|
(16.47%) |
(6.42%) |
(20.45%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
(Rs.
In Million)
|
Particular |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities
of long-term debt |
92.565 |
102.229 |
107.456 |
|
Total |
92.565 |
102.229 |
107.456 |
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
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) |
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] |
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 |
Note:
Registered office of the company has been Shifted 467/A, Vora Bhavan, 2nd Floor, Opposite Maheswari Udyan, Dr. B. Ambedkar Road, King Circle Mumbai-400019, Maharashtra, India to the present address w.e.f. 26.12.2012
(Rs.
In Million)
|
UNSECURED LOAN |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Short Term
Borrowing |
|
|
|
Loans and advances from related parties |
55.340 |
30.500 |
|
Total |
55.340 |
30.500 |
OPERATIONS:
The Company has performed satisfactorily during the year. In a highly competitive business environment, the Company achieved a turnover of Rs. 566.424 Million (Rupees Fifty Six Crore Sixty Four Lac Twenty Four Thousand Twenty Nine Only) as compare to Rs. 658.242 Million (Rupees Sixty Five Crore Eight Two Lacs Forty One thousand Nine Hundred Seventy Four Only) in previous year. Also management is in the process of minimizing the losses and expenditure 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 |
10334174 |
17/12/2011 |
8,000,000.00 |
The Saraswat Co-operative Bank Limited |
Matuga East Branch, Pioneer High School Bldg, Telang Road, Matunga
(East)(CR), Mumbai, Maharashtra |
B31520802 |
|
2 |
10334372 |
16/12/2011 |
35,000,000.00 |
The Saraswat Co-operative Bank Limited |
Matuga East Branch, Pioneer High School Bldg, Telang Road, Matunga
(East)(CR), Mumbai, Maharashtra |
B31606684 |
|
3 |
10316283 |
01/10/2011 |
217,500,000.00 |
The Saraswat Co-operative Bank Limited |
Matuga East Branch, Pioneer High School Bldg, Telang Road, Matunga
(East)(CR), Mumbai, Maharashtra |
B24795825 |
|
4 |
10317079 |
27/09/2011 |
10,000,000.00 |
The Saraswat Co-operative Bank Limited |
Matuga East Branch, Pioneer High School Bldg, Telang Road, Matunga
(East)(CR), Mumbai, Maharashtra |
B25092701 |
|
5 |
10351488 |
28/09/2010 |
2,500,000.00 |
The Saraswat Co-operative Bank Limited |
Matuga East Branch, Pioneer High School Bldg, Telang Road, Matunga
(East)(CR), Mumbai, Maharashtra |
B13621842 |
|
6 |
10247580 |
07/09/2010 |
10,000,000.00 |
The Saraswat Co-operative Bank Limited |
Matuga East Branch, Pioneer High School Bldg, Telang Road, Matunga
(East)(CR), Mumbai, Maharashtra |
A97256465 |
|
7 |
10247584 |
07/09/2010 |
105,000,000.00 |
The Saraswat Co-operative Bank Limited |
Matuga East Branch, Pioneer High School Bldg, Telang Road, Matunga
(East)(CR), Mumbai, Maharashtra |
A97256622 |
|
8 |
10205773 |
27/12/2011 * |
130,000,000.00 |
The Saraswat Co-operative Bank Limited |
Matuga East Branch, Pioneer High School Bldg, Telang Road, Matunga
(East)(CR), Mumbai, Maharashtra |
B31521115 |
|
9 |
10363149 |
10/02/2010 |
72,500,000.00 |
The Saraswat Co-operative Bank Limited |
Matuga East Branch, Pioneer High School Bldg, Telang Road, Matunga
(East)(CR), Mumbai, Maharashtra |
B37044740 |
|
10 |
10182087 |
21/10/2009 |
39,780,440.00 |
POLYTYPE SA |
26 Route de la Glane, case postale 1184, Fribourg, - 1701, SWITZERLAND |
A71867485 |
* Date of charge modification
FIXED ASSETS:
- Buildings
- Leasehold Improvement
- Air Conditioning System
- Plant and Machinery
- Moulds, Tools and Dies
- Generator Set
- Electric Installations
- Equipment
- Computers
- Furniture
- Vehicle
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.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.48 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.