MIRA
INFORM REPORT
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Report No. : |
335179 |
|
Report Date : |
06.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
OMKAR SPECIALITY CHEMICALS LIMITED |
|
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Registered
Office : |
B-34, MIDC, Badlapur (East), Thane-421503, |
|
Tel. No.: |
91-251-2697340/ 48/ 49/ 2690651 |
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Country : |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
24.02.2005 |
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Com. Reg. No.: |
11-151589 |
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Capital
Investment / Paid-up Capital : |
Rs.205.780 Million |
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IEC No.: |
0392006979 |
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CIN No.: [Company Identification
No.] |
L24110MH2005PLC151589 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEO002213B |
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PAN No.: [Permanent Account No.] |
AAACO7311D |
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Legal Form : |
A Public Limited Liability company. The company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacturer of Speciality Chemicals and Intermediates for Chemicals
and Allied Industries. |
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No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Rating reflects sound financial risk profile marked by diversified
product profile, decent liquidity position and moderate gearing. These rating strengths are partially offset by the large working
capital requirements and exposure to foreign exchange risk. Trade relations are reported to be fair. Business is active. Payments
terms are reported to be usually correct. The company can be considered for business dealing at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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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+ |
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Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
31.12.2014 |
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Rating Agency Name |
CRISIL |
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Rating |
Short term rating: A2 |
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Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
31.12.2014 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Deshpande |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-251-2690651 |
|
Date : |
31.07.2015 |
LOCATIONS
|
Registered Office : |
B-34, MIDC, Badlapur (East), Thane – 421503, Maharashtra, India |
|
Tel. No.: |
91-251-2697340/ 48/ 49/ 2690651 |
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Fax No.: |
91-251-2691572/ 2697347 |
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E-Mail : |
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Website : |
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Location: |
Owned |
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Factory 1 : |
Plot No.W-92(A), W-93(A), W-94(A) and W-95(A), MIDC, Badlapur (East),
Thane-421503, Maharashtra, India |
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Tel. No.: |
91-251-2698840 |
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Fax No.: |
91-251-2691662 |
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Factory 2 : |
Plot No. F-24, MIDC, Badlapur (East), Thane – 421503, Maharashtra, India |
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Tel. No.: |
91-251-2691852 |
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Fax No.: |
91-251-2697673 |
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Factory 3 : |
Plot No. B-34, MIDC, Badlapur (East), Thane – 421503, Maharashtra,
India |
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Tel. No.: |
91-251-2697340/2690651 |
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Fax No.: |
91-251-2697347/2691572 |
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Factory 4 : |
Plot No. F-9, F-10/1, MIDC, Badlapur (East), Thane – 421503,
Maharashtra, India |
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Tel. No.: |
91-251-2696434/2696432 |
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Factory 5 : |
D27/4 and D-27/5, MIDC, Lote Parshuram Industrial Area, Chiplun, District
Ratnagiri, Maharashtra, India |
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Factory 6 : |
B-15 and B-16, Lote Parshuram Industrial Area, Talika Khed, District –
Ratnagiri – 415722, Maharashtra, India |
DIRECTORS
As on: 31.03.2014
|
Name : |
Mr. Pravin S. Herlekar |
|
Designation : |
Chairman cum Managing Director |
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|
Name : |
Mr. Omkar P. Herlekar |
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Designation : |
Whole Time Director |
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Name : |
Mrs. Anjali P. Herlekar |
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Designation : |
Non-Executive, Promoter and Woman Director |
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Name : |
Mr. Subhash P. Mali |
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Designation : |
Non Executive - Independent Director |
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Name : |
Dr. Vikas N. Telvekar |
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Designation : |
Non Executive - Independent Director |
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Name : |
Mr. Siddharth S Sinkar |
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Designation : |
Non Executive - Non Independent Director (Appointed w.e.f. 5th April, 2012) |
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Name : |
Mr. Amit A. Pandit |
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Designation : |
Non Executive - Independent Director |
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Name : |
Prof. (Dr.) Suhas M. Rane |
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Designation : |
Non Executive - Independent Director |
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Name : |
Mr. Laxmikant Ram Prasad Kabra |
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Designation : |
Additional Director |
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Name : |
Mr. Sitendu K. Sharma |
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Designation : |
Additional Director |
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Name : |
Mr. Suhas Maruti Rane |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Nirav K. Momaya |
|
Designation : |
Company Secretary and Compliance Officer |
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|
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|
Name : |
Mr. Deshpande |
|
Designation : |
Accounts Executive |
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|
Name : |
Ms. Hiral Patel |
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Designation : |
CFO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.06.2015
|
Category of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of Shares |
|
|
|
|
|
(A) Shareholding of
Promoter and Promoter Group |
|
|
|
|
|
|
|
|
12597644 |
61.22 |
|
|
380000 |
1.85 |
|
|
12977644 |
63.07 |
|
|
|
|
|
Total shareholding
of Promoter and Promoter Group (A) |
12977644 |
63.07 |
|
(B) Public
Shareholding |
|
|
|
|
|
|
|
|
2415955 |
11.74 |
|
|
348260 |
1.69 |
|
|
329597 |
1.60 |
|
|
3093812 |
15.03 |
|
|
|
|
|
|
2249248 |
10.93 |
|
|
|
|
|
|
1148898 |
5.58 |
|
|
800600 |
3.89 |
|
|
307802 |
1.50 |
|
|
216729 |
1.05 |
|
|
91073 |
0.44 |
|
|
4506548 |
21.90 |
|
Total Public
shareholding (B) |
7600360 |
36.93 |
|
Total (A)+(B) |
20578004 |
100.00 |
|
(C) Shares held by
Custodians and against which Depository Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
20578004 |
100.00 |
(1)
Indian
Individuals
/ Hindu Undivided Family
Individual
shareholders holding nominal share capital up to Rs.0.100 MillionBUSINESS DETAILS
|
Line of Business : |
Manufacturer of Speciality Chemicals and Intermediates for Chemicals
and Allied Industries. |
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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 : |
Not Available |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
China ·
UK |
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Terms : |
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Selling : |
Cash and Cheque (30/ 60/ 90 Days) |
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Purchasing : |
Cash and Cheque (30/ 60/ 90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
250 (Approximately) |
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Bankers : |
· Axis Bank Limited ·
Citi Bank N.A. |
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Facilities : |
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Auditors : |
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|
Name : |
J.P.J Associates Chartered Accountants |
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Address : |
Shop No.16, Godavari CHS, Shantivan, Borivali (East), Mumbai – 400066,
Maharashtra, India |
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Tel. No.: |
91-22-28975829 |
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Fax No.: |
91-22-28970736 |
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E-Mail : |
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Internal
Auditors : |
|
|
Name : |
Shubhada
S Sakhalkar and Company Chartered Accountants |
|
Address : |
402, Pratibha, Teen
Petrol Pump, LBS Road, Thane (West) – 400601, Maharashtra, India |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary
– Common
Control Exists: (As
on 31.03.2014) |
·
Rishichem
Research Limited ·
Desh
Chemicals Private Limited ·
Lasa
Laboratory Private Limited ·
Urdhwa
Chemicals Company Private Limited |
|
|
|
|
Other
Related: (As
on 31.03.2014) |
·
Svaks Biotech
India Private Limited |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital : NA
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
Rs.10/- each |
Rs.350.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital : Rs.205.780 Million
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2057804 |
Equity Shares |
Rs.10/- each |
Rs.205.780 Million |
|
|
|
|
|
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19628004 |
Equity Shares |
Rs.10/- each |
Rs.196.280
Million |
|
|
|
|
|
NOTES
The Movements of Share capital is set out
below:
|
|
As At March 31,
2014 |
|
|
Authorized |
No. of Shares |
Rs. In Million |
|
Authorised Share Capital at the beginning of the Year |
25,000,000 |
250.000 |
|
Authorised Share
Capital at the end of the year |
25,000,000 |
250.000 |
|
|
|
|
|
Issued,
Subscribed and Paid up capital |
|
|
|
At the beginning of the Year |
19,628,004 |
196.280 |
|
At the end of
the Year |
19,628,004 |
196.280 |
Details of
shareholders holding more than 5% shares in the company
|
|
As At March 31,
2014 |
|
|
Particulars |
No. of Shares |
Rs. In Million |
|
Pravin Herlekar* |
10131471 |
101.315 |
|
Anjali Herlekar |
1208240 |
12.082 |
|
Rohinton Soli Screwvala |
-- |
-- |
|
TOTAL |
11339711 |
113.397 |
Note:
Of the above equity shares:-
Nominal value of Rs.100/- per Equity Share sub-divided into Rs.10/- per Equity Share, during the Financial Year 2010-2011.
During the financial year 2009-2010, 1126600 Equity shares of Rs.100/- each have been alloted as fully paid-up by way of bonus shares by way of capitalization of Profits & Security Premium A/c.
During the financial year 2010-2011, 8100004 Equity shares of Rs.10/- each were issued at premium of Rs.88/- each by public offer.
*4) Mr. Pravin S. Herlekar has acquired 180005 equity shares on 22nd March, 2014. However, the same is not reflected in the beneficial position received from the depositories as on 30th March, 2014.
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
205.780 |
196.280 |
196.280 |
|
(b) Reserves & Surplus |
1423.668 |
1147.437 |
1035.861 |
|
(c) Money
received against share warrants |
0.000 |
35.625 |
35.625 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
1629.448 |
1379.342 |
1267.766 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
418.029 |
372.134 |
299.005 |
|
(b) Deferred tax liabilities (Net) |
22.360 |
11.826 |
11.267 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
13.643 |
11.760 |
11.323 |
|
Total Non-current Liabilities (3) |
454.032 |
395.720 |
321.595 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
1206.930 |
1110.054 |
864.891 |
|
(b) Trade payables |
354.352 |
380.710 |
276.593 |
|
(c) Other current
liabilities |
148.933 |
107.494 |
39.197 |
|
(d) Short-term provisions |
92.243 |
45.161 |
55.418 |
|
Total Current Liabilities (4) |
1802.458 |
1643.419 |
1236.099 |
|
|
|
|
|
|
TOTAL |
3885.938 |
3418.481 |
2825.460 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1756.506 |
424.888 |
439.334 |
|
(ii) Intangible Assets |
0.000 |
2.269 |
5.311 |
|
(iii) Capital
work-in-progress |
0.000 |
685.213 |
401.797 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.150 |
|
(b) Non-current Investments |
137.989 |
137.988 |
108.639 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
538.604 |
399.557 |
274.067 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
2433.099 |
1649.915 |
1229.298 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
546.560 |
0.000 |
0.000 |
|
(b) Inventories |
681.014 |
629.731 |
635.605 |
|
(c) Trade receivables |
122.284 |
851.493 |
614.711 |
|
(d) Cash and cash
equivalents |
4.030 |
181.121 |
215.747 |
|
(e) Short-term loans
and advances |
98.951 |
2.561 |
4.310 |
|
(f) Other current
assets |
0.000 |
103.660 |
125.789 |
|
Total Current Assets |
1452.839 |
1768.566 |
1596.162 |
|
|
|
|
|
|
TOTAL |
3885.938 |
3418.481 |
2825.460 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
1933.131 |
2096.211 |
2015.312 |
|
|
Other Income |
49.102 |
57.473 |
57.940 |
|
|
TOTAL
(A) |
1982.233 |
2153.684 |
2073.252 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1036.419 |
935.411 |
1193.571 |
|
|
Purchases of Stock-in-Trade |
238.933 |
507.946 |
350.926 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
67.425 |
28.338 |
(180.851) |
|
|
Employees benefits expense |
101.833 |
98.825 |
80.054 |
|
|
Other expenses |
199.113 |
196.718 |
208.345 |
|
|
Exceptional Items |
0.000 |
0.660 |
0.000 |
|
|
TOTAL
(B) |
1643.723 |
1767.898 |
1652.045 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
338.510 |
385.786 |
421.207 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
114.280 |
117.463 |
74.316 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
224.230 |
268.323 |
346.891 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
19.736 |
61.016 |
56.843 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
204.494 |
207.307 |
290.048 |
|
|
|
|
|
|
|
Less |
TAX (H) |
25.148 |
61.285 |
82.038 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
179.346 |
146.022 |
208.010 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
NA |
373.752 |
214.960 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Proposed Dividend |
NA |
29.442 |
29.442 |
|
|
Tax on Dividend |
NA |
5.004 |
4.776 |
|
|
Transfer to General Reserve |
NA |
10.000 |
15.000 |
|
|
Total
(M) |
NA |
44.446 |
49.218 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
179.346 |
475.328 |
373.752 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Export Earnings |
NA |
548.733 |
581.597 |
|
|
TOTAL
EARNINGS |
NA |
548.733 |
581.597 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
960.471 |
651.318 |
|
|
Capital Goods |
NA |
7.668 |
4.329 |
|
|
TOTAL
IMPORTS |
NA |
968.139 |
655.647 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
Basic |
8.89 |
7.44 |
10.60 |
|
|
Diluted |
8.89 |
7.10 |
10.59 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
57.821 |
18.500 |
|
Cash generated from operations |
NA |
241.429 |
1.231 |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
9.28 |
6.78 |
10.03 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
17.51 |
9.89 |
14.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.46 |
7.99 |
12.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.15 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.00 |
1.12 |
0.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.81 |
1.08 |
1.29 |
STOCK
PRICES
|
Face Value |
Rs.10.00 |
|
Market Value |
Rs.206.60 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
196.280 |
196.280 |
205.780 |
|
Reserves & Surplus |
1035.861 |
1147.437 |
1423.668 |
|
Money received against share
warrants |
0.000 |
35.625 |
35.625 |
|
Net
worth |
1232.141 |
1379.342 |
1665.073 |
|
long-term borrowings |
299.005 |
372.134 |
418.029 |
|
Short term borrowings |
864.891 |
1110.054 |
1206.930 |
|
Total
borrowings |
1182.396 |
1540.009 |
1624.959 |
|
Debt/Equity
ratio |
0.960 |
1.116 |
0.976 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
2015.312 |
2096.211 |
1933.131 |
|
|
|
4.014 |
(7.780) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
2015.312 |
2096.211 |
1933.131 |
|
Profit |
208.010 |
146.022 |
179.346 |
|
|
10.32% |
6.97% |
9.28% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
PERFORMANCE REVIEW
(As on 31.03.2014)
During the financial year 2013-14, against the backdrop of a challenging environment, the Company reported a top-line growth of 4%, on standalone basis, over the previous year. At standalone level, the Gross Revenue from Operations stood at Rs.2096.211 million as compared with Rs.2015.312 million in the previous year. The Profit for the financial year under consideration stood at Rs.146.023 million as compared with Rs.208.010 million in the previous year.
The consolidated Gross Revenue from Operations for financial year 2013-14 stood at Rs.2402.798 million as compared with Rs.2116.924 million in the previous year, registering a growth of 13.5%. The consolidated Profit for the financial year 2013-14 stood at Rs.135.606 million as compared with Rs.205.555 million in the previous year.
UNSECURED LOAN
|
Particulars |
31.03.2015 (Rs. in Millions) |
31.03.2014 (Rs. in Millions) |
|
Short-term
borrowings |
|
|
|
Short term loan from financial institutions |
NA |
17.492 |
|
Loans from banks |
NA |
207.413 |
|
|
|
|
|
Total |
NA |
224.905 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
10437165 |
12/07/2013 |
150,000,000.00 |
CITIBANK N. A. |
FIRST
INTERNATIONAL FINANCIAL CENTRE, 9TH FLOOR, |
B79749206 |
|
2 |
10388704 |
24/06/2013 * |
630,000,000.00 |
BANK OF BARODA |
RAS AL KHAIMAH
BRANCH, SH RASHID BUILDING, ALI BIN ABI TALIB ROAD, BUR DUBAI, - 0, UNITED
ARAB EMIRATES |
B80350721 |
|
3 |
10277060 |
24/06/2013 * |
57,300,000.00 |
BANK OF BARODA |
FORT UNIVERSITY BRANCH,
MUMBAI, MUMBAI, MAHARASH |
B80350317 |
|
4 |
10172462 |
23/08/2011 * |
934,600,000.00 |
BANK OF BARODA |
FORT, UNIVERSITY
BRANCH, MUMBAI, MUMBAI, MAHARASH |
B22886436 |
|
5 |
10143580 |
24/06/2013 * |
1,060,000,000.00 |
BANK OF BARODA |
FORT UNIVERSITY
BRANCH, MUMBAI, MUMBAI, MAHARASHTRA - 400001, INDIA |
B80349921 |
|
6 |
10143573 |
24/06/2013 * |
6,600,000.00 |
BANK OF BARODA |
FORT UNIVERSITY
BRANCH, MUMBAI, MUMBAI, MAHARASHTRA - 400001, INDIA |
B80349194 |
|
7 |
10143576 |
24/06/2013 * |
13,600,000.00 |
BANK OF BARODA |
FORT UNIVERSITY
BRANCH, MUMBAI, MUMBAI, MAHARASHTRA - 400001, INDIA |
B80349509 |
FIXED ASSETS
·
Leasehold Land
·
Factory Building
·
Plant and Machinery
·
Electrical Installation
·
Furniture and Fixture
·
Office Equipments
·
Motor Car and Cycle
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.63.81 |
|
|
1 |
Rs.99.15 |
|
Euro |
1 |
Rs.69.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.