MIRA INFORM REPORT
|
Report No. : |
335988 |
|
Report Date : |
07.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
GUJARAT FOILS LIMITED |
|
|
|
|
Registered
Office : |
3436-3449, Chhatral GIDC, Phase – IV, Taluka Kalol, District, Gandhinagar
- 382729, Gujarat |
|
Tel. No.: |
91- |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.11.1992 |
|
|
|
|
Com. Reg. No.: |
04-018570 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 332.018 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L28999GJ1992PLC018570 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMG00263E |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer of Aluminium Sheet, Foils (Bare, Coated or Laminated and Printed),
Strips, Containers for Food, Pharmaceuticals and Packaging Applications. |
|
|
|
|
No. of Employees
: |
468 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2800000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
March 10, 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
March 10, 2015 |
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. Karthik Mudaliyar |
|
Designation : |
Export Import Executive |
|
Contact No.: |
91-9033947139 |
|
Date : |
06.08.2015 |
LOCATIONS
|
Registered Office : |
3436-3449, Chhatral GIDC, Phase – IV, Taluka Kalol, District,
Gandhinagar - 382729, Gujarat, India |
|
Tel. No.: |
91-2712-233656/ 233657 |
|
Mobile No.: |
91-9033947139 (Mr. Karthik Mudaliyar) |
|
Fax No.: |
91-2712-233657/ 58 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
106, 16th Floor Indiabulls Finance Center Tower -3, Senapati Bapat Marg,
Elphistione Road (West), Mumbai – 400013, Maharashtra, India |
|
|
|
|
Sales and other Enquiries/
Ahmedabad Office : |
309, “Akashrath”, Opposite National Handloom corporation, Off C. G.
Road, Law Garden, Ahmedabad – 380006, Gujarat, India |
|
Tel. No.: |
91-79-40073727 |
|
Fax No.: |
91-79-40073728 |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Abhay Lodha |
|
Designation : |
Executive, Chairman and Managing Director |
|
Address : |
603, Vaitarna, |
|
Date of Birth / Age : |
01.06.1971 |
|
Date of Appointment : |
14.07.2008 |
|
|
|
|
Name : |
Mr. Satish Chander Gupta |
|
Designation : |
Non-Executive, Independent Director |
|
Address : |
A – 1/135, Inder Puri, New Delhi – 110012, India |
|
Date of Birth / Age : |
05.05.1947 |
|
Date of Appointment : |
31.01.2009 |
|
|
|
|
Name : |
Mr. Prasenjit P. Datta |
|
Designation : |
Executive, Whole Time Director |
|
|
|
|
Name : |
Mr. Kanchan Murarka |
|
Designation : |
Non-Executive, Non-Independent Director |
|
Date of Birth / Age : |
06.01.1966 |
|
Qualification : |
C.A., C.S., ICWA, B.Com |
|
Date of Appointment : |
16.05.2011 |
|
|
|
|
Name : |
Mr. Surender Kumar Tuteja |
|
Designation : |
Non-Executive, Independent Director |
|
Date of Birth / Age : |
15.06.1945 |
|
Qualification : |
I.A.S., M.COM., F.C.S. |
|
Date of Appointment : |
11.04.2012 |
|
|
|
|
Name : |
Mr. Rahul B. Chhajed |
|
Designation : |
Non-Executive, Independent Director |
|
Date of Birth / Age : |
08.01.1972 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
10.07.2012 |
|
|
|
|
Name : |
Mr. Viresh Mathur |
|
Designation : |
Non-Executive, Independent Director |
|
Date of Birth / Age : |
09.04.1946 |
|
Qualification : |
M.A., Fiscal Studies (Diploma) from University of Bath (U.K.) |
|
Date of Appointment : |
14.08.2012 |
|
|
|
|
Name : |
Mr. Sanjiv Goel |
|
Designation : |
Non-Executive, Non-Independent Director |
|
Date of Birth / Age : |
27.02.1958 |
|
Qualification : |
B. Tech |
|
Date of Appointment : |
14.08.2012 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Kumar Gupta |
|
Designation : |
Company Secretary and Compliance Officer |
|
|
|
|
Name : |
Mr. Karthik Mudaliyar |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON
|
Category of
Shareholder |
Total No. of Shares |
% of Holdings |
|
(A) Shareholding
of Promoter and Promoter Group |
||
|
|
|
|
|
|
4041201 |
49.27 |
|
|
792876 |
9.67 |
|
|
4834077 |
58.94 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
4834077 |
58.94 |
|
(B) Public
Shareholding |
||
|
|
|
|
|
|
|
|
|
|
401915 |
4.90 |
|
|
|
|
|
|
1370160 |
16.71 |
|
|
1502524 |
18.32 |
|
|
93134 |
1.14 |
|
|
30428 |
0.37 |
|
|
60706 |
0.74 |
|
|
2000 |
0.02 |
|
|
3367733 |
41.06 |
|
Total Public
shareholding (B) |
3367733 |
41.06 |
|
Total (A)+(B) |
8201810 |
100.00 |
|
(C) Shares held by
Custodians and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
8201810 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Aluminium Sheet, Foils (Bare, Coated or Laminated and
Printed), Strips, Containers for Food, Pharmaceuticals and Packaging Applications. |
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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 : |
Finished Goods |
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Countries : |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
L/C and Cheque |
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Purchasing : |
L/C and Cheque |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers · LUPIN · Sun Pharmaceutical Industries Limited · AUROBINDO · Cadila Pharmaceuticals Limited · MAXHEAL · Ayrton Drug · ISEAL · HITACHI ·
Positive Packaging |
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No. of Employees : |
468 (Approximately) |
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Bankers : |
·
State Bank of India Backbay Reclamation Branch, Raheja Chambers, Free Press Journal Marg,
Nariman Point, Mumbai-400021, Maharashtra, India ·
Allahabad Bank Industrial Finance Branch, Parliament Street, New Delhi, India ·
Oriental Bank of Commerce Mumbai Overseas Branch, Nariman Point, Mumbai, Maharashtra, India ·
Dena Bank Corporate Business Branch, Bandra-Kurla Complex, Bandra – East,
Mumbai, Maharashtra, India · Union Bank of India · Bank of India ·
IDBI Bank |
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Facilities : |
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Auditors : |
|
|
Name : |
H. R. Agarwal and Associates Chartered Accountants |
|
Address : |
219-C, Old China Bazar Street, 1st Floor, Room No. B-6,
Kolkata, West Bengal, India |
|
Tel. No.: |
91-33-2248-6561 / 30226561 |
|
Fax No.: |
91-33-22303207 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 332.018 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000000 |
Equity Shares |
Rs. 10/- each |
Rs. 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
82,01,810 |
Equity Shares |
Rs. 10/-
each |
Rs. 82.018
Million |
|
2,50,00,000 |
10% Non-convertible Non-Cumulative
Redeemable Preference shares |
Rs. 10/-
each |
Rs. 250.000
Million |
|
|
|
|
|
|
|
Total |
|
Rs. 332.018 Million |
(A) Reconciliation of the number of shares outstanding at the beginning
and at the end of the reporting period
|
Particulars |
2013-14 No. of Shares |
|
Shares outstanding at the beginning of the year |
8201810 |
|
Shares outstanding at the end of the year |
8201810 |
(B) Reconciliation of the number of Preference shares outstanding at the
beginning and at the end of the reporting period
|
Particulars |
2013-14 No. of Shares |
|
Shares outstanding at the beginning of the
year |
-- |
|
Shares issued/ (bought back) during the year |
25000000 |
|
Shares outstanding at the end of the year |
25000000 |
(C) Shares in the Company held by each shareholder holding more than 5%
shares in the Company
|
Name of Shareholder |
2013-14 |
|
|
|
No. of Shares |
% of Holding |
|
Abhay Narendra Lodha |
3047104 |
37.15 |
|
Parmod Jain |
1260204 |
15.36 |
|
Akshata Realtors Private Limited |
792876 |
9.67 |
|
Rockdude Financial Services Private Limited |
718013 |
8.75 |
|
Ashwin Narendra Lodha |
703959 |
8.58 |
(D) Preference Shares in the Company held by each shareholder holding
more than 5 percent shares
|
Name of Shareholders |
2013-14 |
|
|
No. of shares
held |
% of holdings |
|
|
Abhay Narendra Lodha |
20000000 |
80% |
|
Ashwin Narendra Lodha |
500000 |
20% |
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 |
332.018 |
332.018 |
82.018 |
|
(b) Reserves & Surplus |
680.652 |
609.503 |
267.444 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
433.900 |
|
Total
Shareholders’ Funds (1) + (2) |
1012.670 |
941.521 |
783.362 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
636.678 |
655.338 |
626.410 |
|
(b) Deferred tax liabilities (Net) |
119.893 |
75.331 |
67.711 |
|
(c) Other long term
liabilities |
760.013 |
452.597 |
153.592 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1516.584 |
1183.266 |
847.713 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1153.926 |
1053.393 |
1039.350 |
|
(b) Trade
payables |
1481.402 |
863.463 |
635.313 |
|
(c) Other
current liabilities |
134.411 |
131.541 |
100.179 |
|
(d) Short-term
provisions |
40.168 |
2.534 |
1.010 |
|
Total Current Liabilities
(4) |
2809.907 |
2050.931 |
1775.852 |
|
|
|
|
|
|
TOTAL |
5339.161 |
4175.718 |
3406.927 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1367.573 |
1444.066 |
1044.796 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
80.126 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
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 |
1367.573 |
1444.066 |
1124.922 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1957.437 |
1532.718 |
1072.154 |
|
(c) Trade
receivables |
1759.546 |
1052.028 |
1064.453 |
|
(d) Cash
and cash equivalents |
196.437 |
110.739 |
87.578 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
58.168 |
36.167 |
57.820 |
|
Total
Current Assets |
3971.588 |
2731.652 |
2282.005 |
|
|
|
|
|
|
TOTAL |
5339.161 |
4175.718 |
3406.927 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
4877.573 |
4299.215 |
3443.319 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
4877.573 |
4299.215 |
3443.319 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
3994.606 |
3771.820 |
2832.368 |
|
|
|
Changes in inventories of finished goods work-in-progress and Stock-in-Trade |
(33.967) |
(306.775) |
(120.105) |
|
|
|
Employee benefits expenses |
120.737 |
111.068 |
81.547 |
|
|
|
Other expenses |
222.145 |
222.082 |
225.734 |
|
|
|
TOTAL (B) |
4303.521 |
3798.195 |
3019.545 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
574.052 |
501.020 |
423.774 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
342.377 |
260.904 |
230.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
231.675 |
240.116 |
192.874 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
89.444 |
111.437 |
111.201 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
142.231 |
128.679 |
81.673 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
75.042 |
36.620 |
21.308 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
67.189 |
92.059 |
60.365 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
261.609 |
169.550 |
109.185 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
328.798 |
261.609 |
169.550 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
NA |
69.290 |
|
|
TOTAL EARNINGS |
NA |
NA |
69.290 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
|
|
|
|
Capital Goods |
NA |
NA |
|
|
|
TOTAL IMPORTS |
NA |
NA |
118.220 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
8.19 |
11.22 |
7.36 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
79.805 |
|
Cash generated from operations |
NA |
(7.346) |
0.000 |
|
Net cash flow from (used in) operation |
NA |
306.569 |
328.659 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.38 |
2.14 |
1.75 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
11.77 |
11.65 |
12.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.66 |
3.08 |
2.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.14 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.77 |
1.81 |
2.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41 |
1.33 |
1.29 |
STOCK
PRICES
|
Face Value |
Rs. 10.00/- |
|
Market Value |
Rs. 60.00/- |
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 |
82.018 |
332.018 |
332.018 |
|
Reserves & Surplus |
267.444 |
609.503 |
680.652 |
|
Share Application money
pending allotment |
433.900 |
0.000 |
0.000 |
|
Net
worth |
783.362 |
941.521 |
1012.670 |
|
|
|
|
|
|
long-term borrowings |
626.410 |
655.338 |
636.678 |
|
Short term borrowings |
1039.350 |
1053.393 |
1153.926 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1665.760 |
1708.731 |
1790.604 |
|
Debt/Equity
ratio |
2.126 |
1.815 |
1.768 |
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 |
3443.319 |
4299.215 |
4877.573 |
|
|
|
24.857 |
13.453 |
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 |
3443.319 |
4299.215 |
4877.573 |
|
Profit |
60.366 |
92.059 |
67.189 |
|
|
1.75% |
2.14% |
1.38% |
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 |
Yes |
|
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) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
INDEX OF CHARGES
|
S. No. |
Charge
ID |
Date
of Charge Creation/ Modification |
Charge
amount secured |
Charge
Holder |
Address |
Service
Request Number (SRN) |
|
1 |
10395459 |
11/12/2012 |
140,000,000.00 |
ALLAHABAD
BANK |
INDUSTRIAL
FINANCE BRANCH, 2ND FLOOR, 37, MUMBAI SAMACHAR MARG, FORT, MUMBAI,
MAHARASHTRA - 400023, INDIA |
B65311078 |
|
2 |
10312834 |
24/09/2011 |
50,000,000.00 |
DENA
BANK |
CORPORATE
BUSINESS BRANCH, C-10, G-BLOCK, BANDRA |
B23446248 |
|
3 |
10299386 |
30/07/2011 |
70,000,000.00 |
IDBI
BANK LIMITED |
INDIAN
RED CROSS SOCIETY BUILDING, 1, RED CROSS ROAD, NEW DELHI, DELHI - 110001,
INDIA |
B17757527 |
|
4 |
10254397 |
08/07/2013
* |
1,750,000,000.00 |
ALLAHABAD
BANK |
INDUSTRIAL
FINANCE BRANCH, 2ND FLOOR, 37, MUMBAI SAMACHAR MARG, FORT, MUMBAI,
MAHARASHTRA - 400023, INDIA |
B83723361 |
|
5 |
10250353 |
15/02/2012
* |
366,000,000.00 |
BANK
OF INDIA |
AHMEDABAD
MID CORP BR FIRST FLOOR, BOI BUILDING, NR SWASTIK CROSS RD, C. G. ROAD,
NAVRANGPURA, AHME |
B34644328 |
|
6 |
10230714 |
31/01/2012
* |
366,000,000.00 |
BANK
OF INDIA |
AHMEDABAD
MID CORP BR FIRST FLOOR, BOI BUILDING, |
B34643882 |
|
7 |
10219776 |
20/11/2010
* |
240,000,000.00 |
IDBI
Bank Limited |
INDIAN
RED CROSS SOCIETY BUILDING, 1, RED CROSS ROAD, NEW DELHI, DELHI - 110001,
INDIA |
A99507683 |
|
8 |
10217745 |
16/02/2013
* |
310,000,000.00 |
UNION
BANK OF INDIA |
YASHWANT
BHAWAN, PANDURANG BHUDKAR MARG,, LOWER PAREL, MUMBAI, MAHARASHTRA -400013,
INDIA |
B70392048 |
|
9 |
10184139 |
01/06/2011
* |
195,000,000.00 |
STATE
BANK OF INDIA |
BACKBAY
RECLAMATION BRANCH,, RAHEJA CHAMBERS, NAR |
B14537443 |
|
10 |
10164111 |
31/07/2009
* |
100,000,000.00 |
DENA
BANK |
CORPORATE
BUSINESS BRANH, C-10, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA (E),, MUMBAI,
MAHARASHTRA - 400051, INDIA |
A68311125 |
|
11 |
10145782 |
31/07/2009
* |
150,000,000.00 |
STATE
BANK OF INDIA |
BACKBAY
RECLAMATION BRANCH, RAHEJA CHAMBERS,, FRE |
A67831362 |
|
12 |
10145771 |
31/07/2009 * |
220,000,000.00 |
DENA BANK |
CORPORATE
BUSINESS BRANCH, GROUND FLOOR,, C-10, G BLOCK, BANDR-KURLA COMPLEX, BANDRA
(E),, MUMBAI, |
A68191444 |
* Date of charge modification
UNSECURED LOANS
|
Particulars |
As on 31.03.2015 [Rs. in Millions] |
As on 31.03.2014 [Rs. in Millions] |
|
Long Term
Borrowings |
|
|
|
Other loans and
advances |
|
|
|
Other than Bank |
NA |
358.126 |
|
|
|
|
|
Total |
NA |
358.126 |
|
NOTE: a) Unsecured Loans other than bank are free of Interest |
||
FIXED ASSETS
- Land
- Buildings
- Plant and
Equipments
- Furniture and
Fixture
- Vehicles
- Office
Equipments
- Computers
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 63.76 |
|
UK Pound |
1 |
Rs. 99.60 |
|
Euro |
1 |
Rs. 69.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.