MIRA INFORM REPORT
|
Report No. : |
336114 |
|
Report Date : |
10.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
S. D. FINE CHEM
LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 248 (A) Worli Scheme 52, 315-317, T V Industrial Estate,
Worli, Mumbai – 400030, Maharashtra |
|
Tel. No.: |
91-22-24932429 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
06.04.1977 |
|
|
|
|
Com. Reg. No.: |
11-019595 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.400 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1977PLC019595 |
|
|
|
|
IEC No.: |
0388045485 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS5421L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Laboratory chemicals, Trichloroacetic Acid, Chemical Compounds, Industrial Chemicals and Speciality Chemicals. |
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|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by
adequate networth base along with sound profitability margins and favorable
gap between trade payables to its receivables of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal 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.
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
31-03-2013.
INFORMATION DENIED
Management non co-operative (91-22-24932429)
LOCATIONS
|
Registered Office / Analytical
Instrument Division : |
Plot No. 248 (A) Worli Scheme 52, 315-317, T V Industrial Estate,
Worli, Mumbai – 400030, Maharashtra, India |
|
Tel. No.: |
91-22-24932429 / 24959898 / 99 |
|
Fax No.: |
91-22-24937232 |
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E-Mail : |
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Website : |
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Unit No. 1: |
E27/E28, M.I.D.C. Tarapur Industrial Area, B-Road, Boisar, Thane – 401506, Maharashtra, India |
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Unit No. 2 : |
Survey No. 299, Poicha, Taluka Savli, District Vadodara – 391780, Gujarat, India |
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|
Branch : |
Located At :
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DIRECTORS
AS ON 29.11.2014
|
Name : |
Mr. Shantilal Dharamshi Tolia |
|
Designation : |
Managing Director |
|
Address : |
5 D Cosmopolis,21, L. D. Ruparel Marg, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
12.09.1927 |
|
Date of Appointment : |
02.01.1978 |
|
DIN No.: |
00256244 |
|
|
|
|
Name : |
Mr. Pooran Gokaldas Tahilramaney |
|
Designation : |
Director |
|
Address : |
White House, Apartment No. 301, N. Gamadia Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
14.04.1928 |
|
Date of Appointment : |
26.06.2003 |
|
DIN No.: |
00107873 |
|
|
|
|
Name : |
Mr. Sanjiv Shantilal Tolia |
|
Designation : |
Whole-Time Director |
|
Address : |
5 D, Newcosmopolis, 21, L. D. Ruparel Marg, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
01.12.1965 |
|
Date of Appointment : |
31.05.1988 |
|
DIN No.: |
00260702 |
|
|
|
|
Name : |
Hita Shantilal Tolia |
|
Designation : |
Whole-Time Director |
|
Address : |
5 D, Newcosmopolis, 21, L. D. Ruparel Marg, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
11.02.1960 |
|
Date of Appointment : |
25.11.1985 |
|
DIN No.: |
00266506 |
|
|
|
|
Name : |
Ela Shantilal Tolia |
|
Designation : |
Director |
|
Address : |
5 D, Cosmopolis, 21, L. D. Ruparel Marg, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
20.02.1934 |
|
Date of Appointment : |
25.11.1985 |
|
DIN No.: |
00266558 |
|
|
|
|
Name : |
Mr. Keshav Gopal Menon |
|
Designation : |
Director |
|
Address : |
401 Parishram, 40 Pali Hill Bandra, Mumbai - 400050, Maharashtra, India |
|
Date of Birth/Age : |
12.11.1937 |
|
Date of Appointment : |
27.08.1995 |
|
DIN No.: |
00751453 |
|
|
|
|
Name : |
Mr. Sivanandhan Dhanushkodi |
|
Designation : |
Director |
|
Address : |
1803, B Wing, Ashoka Towers, Ambedkar Road, Parel, Mumbai - 400012, Maharashtra, India |
|
Date of Birth/Age : |
03.02.1951 |
|
Date of Appointment : |
02.03.2012 |
|
DIN No.: |
03607203 |
MAJOR SHAREHOLDERS
AS ON 29.11.2014
|
Names of Shareholders |
|
No. of Shares |
|
Shantilal Dharamshi Tolia |
|
34998 |
|
Ela Shantilal Tolia |
|
32000 |
|
Hita Shantilal Tolia |
|
8000 |
|
Sanjiv Shantilal Tolia |
|
19000 |
|
Rahul Kantilal Mehta |
|
3400 |
|
Lina Kantilal Mehta |
|
3300 |
|
Lalita Kantilal Mehta |
|
3300 |
|
Harshukhlal Chatrabhuj Mavani |
|
1 |
|
Kanta Harshukhlal Mavani |
|
1 |
|
Total |
|
104000 |
AS ON 29.11.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
90.38 |
|
Other top fifty shareholders |
9.62 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Laboratory chemicals, Trichloroacetic Acid, Chemical Compounds, Industrial Chemicals and Speciality Chemicals. |
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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 Divulged |
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Imports : |
Not Divulged |
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|
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Terms : |
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|
Selling : |
Not Divulged |
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|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India |
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Facilities : |
(Rs.
In Million)
Note : Cash credit facility and working capital demand loan is secured by hypothecation of stock in trade, Book Debts and Plant and machinery of Tarapur and Poicha of the company. The cash credit facility is repayable on demand. The loan is further secured by mortgage of land of Tarapur and Poicha. The
loans are guaranteed by Directors of the company. |
|
Auditors : |
|
|
Name : |
May and Company Chartered Accountants |
|
Address : |
2/34 Parleshwar Society, Shahaji Raje Marg, Vile Parle (East), Mumbai
– 400005, Maharashtra, India |
|
Tel. No.: |
91-22-40155115 |
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Fax No.: |
91-22-26117130 |
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E-Mail : |
|
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PAN No.: |
AAGFS8008Q |
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|
|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
|
|
Subsidiaries : |
Shantilal Dharamshi (Middle East) FZE (Hamariya Free Zone, Sharjah,
U.A.E) |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
104000 |
Equity Shares |
Rs.100/-
each |
Rs.10.400
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 |
10.400 |
10.400 |
10.400 |
|
(b) Reserves &
Surplus |
379.434 |
341.332 |
314.391 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
389.834 |
351.732 |
324.791 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.178 |
|
(b) Deferred tax
liabilities (Net) |
9.544 |
10.185 |
8.595 |
|
(c) Other long term
liabilities |
1.814 |
1.439 |
2.810 |
|
(d) long-term provisions |
3.208 |
2.974 |
2.123 |
|
Total Non-current
Liabilities (3) |
14.566 |
14.598 |
13.706 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
28.011 |
40.536 |
73.637 |
|
(b) Trade payables |
142.971 |
116.840 |
107.588 |
|
(c) Other current
liabilities |
19.311 |
11.419 |
32.367 |
|
(d) Short-term provisions |
168.930 |
154.005 |
118.761 |
|
Total Current Liabilities
(4) |
359.223 |
322.800 |
332.353 |
|
|
|
|
|
|
TOTAL |
763.623 |
689.130 |
670.850 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
97.582 |
96.924 |
89.579 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.219 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1.964 |
1.954 |
8.782 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
6.471 |
6.465 |
6.342 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
106.236 |
105.343 |
104.703 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
9.006 |
10.006 |
0.000 |
|
(b) Inventories |
209.418 |
207.775 |
174.618 |
|
(c) Trade receivables |
187.434 |
179.056 |
165.498 |
|
(d) Cash and cash
equivalents |
60.683 |
23.655 |
75.924 |
|
(e) Short-term loans and
advances |
187.858 |
160.528 |
147.121 |
|
(f) Other current assets |
2.988 |
2.767 |
2.986 |
|
Total Current Assets |
657.387 |
583.787 |
566.147 |
|
|
|
|
|
|
TOTAL |
763.623 |
689.130 |
670.850 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
943.632 |
829.842 |
757.969 |
|
|
Other Income |
20.708 |
20.482 |
12.373 |
|
|
TOTAL |
964.340 |
850.324 |
770.342 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
531.460 |
455.529 |
491.000 |
|
|
Purchases of
Stock-in-Trade |
55.943 |
65.767 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1.184 |
(16.809) |
(15.908) |
|
|
Selling and Marketing
Expenses |
0.000 |
0.000 |
15.141 |
|
|
Administrative expenses |
0.000 |
0.000 |
212.570 |
|
|
Research and Development
Expenses |
0.000 |
0.000 |
2.516 |
|
|
Employees benefits
expense |
125.035 |
110.346 |
0.000 |
|
|
Other expenses |
177.657 |
172.434 |
0.000 |
|
|
TOTAL |
891.279 |
787.267 |
705.319 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
73.061 |
63.057 |
65.023 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.658 |
4.492 |
3.852 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
70.403 |
58.565 |
61.171 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.066 |
13.108 |
12.429 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
56.337 |
45.457 |
48.742 |
|
|
|
|
|
|
|
Less |
TAX |
15.758 |
16.090 |
15.563 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
40.579 |
29.367 |
33.179 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
279.719 |
257.277 |
231.023 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
4.500 |
4.500 |
4.500 |
|
|
Dividend |
2.080 |
2.080 |
2.080 |
|
|
Tax on Dividend |
0.397 |
0.345 |
0.345 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
313.321 |
279.719 |
257.277 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
114.987 |
141.286 |
88.996 |
|
|
Commission |
0.000 |
0.000 |
0.118 |
|
|
TOTAL EARNINGS |
114.987 |
141.286 |
89.114 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
110.772 |
143.024 |
102.351 |
|
|
Finished Goods |
45.445 |
63.149 |
53.669 |
|
|
Fixed Assets |
2.683 |
3.755 |
0.000 |
|
|
TOTAL IMPORTS |
158.900 |
209.928 |
156.020 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
390.18 |
282.37 |
319.04 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
82.061 |
23.609 |
NA |
|
Net cash from operating activities
|
65.662 |
9.109 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.30 |
3.54 |
4.38 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
7.74 |
7.60 |
8.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.40 |
6.62 |
7.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.13 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.07 |
0.12 |
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.83 |
1.81 |
1.70 |
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 |
10.400 |
10.400 |
10.400 |
|
Reserves & Surplus |
314.391 |
341.332 |
379.434 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
324.791 |
351.732 |
389.834 |
|
|
|
|
|
|
long-term borrowings |
0.178 |
0.000 |
0.000 |
|
Short term borrowings |
73.637 |
40.536 |
28.011 |
|
Total borrowings |
73.815 |
40.536 |
28.011 |
|
Debt/Equity ratio |
0.227 |
0.115 |
0.072 |
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 |
757.969 |
829.842 |
943.632 |
|
|
|
9.482 |
13.712 |
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 |
757.969 |
829.842 |
943.632 |
|
Profit |
33.179 |
29.367 |
40.579 |
|
|
4.38% |
3.54% |
4.30% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
No |
|
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 |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CONTINGENT LIABILITIES
NOT PROVIDED FOR IN BALANCE SHEET
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Counter guarantee given to Bank against Bank’s guarantee to Government
Authorities and others |
23.820 |
4.456 |
|
Letter of Credit |
16.658 |
4.021 |
|
Litigations pending (Excise) |
52.028 |
22.195 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10532842 |
30/10/2014 |
120,500,000.00 |
CANARA BANK |
WORLI BRANCH,MARTHANDA BUILDING,, DR. ANNIE BESAN |
C34594754 |
|
2 |
10531141 |
29/09/2014 |
90,000,000.00 |
HDFC BANK LIMITED |
1ST FLOOR , SHINE PLAZA, NEAR NATUBHAI CIRCLE,, G |
C33523606 |
|
3 |
10520046 |
25/07/2014 |
120,500,000.00 |
CANARA BANK |
WORLI BRANCH,MARTHANDA BUILDING,, DR. ANNIE BESAN |
C20709705 |
|
4 |
90234836 |
06/02/2002 |
600,000.00 |
CANARA BANK |
A.R. STREET, WORLI BRANCH, BOMAY, MAHARASHTRA - 4 |
- |
|
5 |
90234534 |
20/08/1999 * |
21,000,000.00 |
THE ICICI LTD. |
ICICI TOWERS; BANDRA KURLA COMPLEX, BANDRA, MUMBA |
- |
|
6 |
90232707 |
09/10/2001 * |
74,600,000.00 |
CANARA BANK |
A.R. STREET, BOMAY, MAHARASHTRA - 400003, INDIA |
- |
|
7 |
90234363 |
27/08/1997 |
5,000,000.00 |
CANARA BANK |
A.R. STREET, BOMAY, MAHARASHTRA - 400003, INDIA |
- |
|
8 |
90234361 |
26/08/1997 |
1,800,000.00 |
CANARA BANK |
A.R. STREET, BOMAY, MAHARASHTRA - 400003, INDIA |
- |
|
9 |
90234311 |
29/03/1997 |
74,600,000.00 |
CANARA BANK |
A.R. STREET, BOMAY, MAHARASHTRA - 400003, INDIA |
- |
|
10 |
90234294 |
07/02/1997 |
2,500,000.00 |
CANARA BANK |
A.R. STREET, BOMAY, MAHARASHTRA - 400003, INDIA |
- |
* Date of charge modification
OPERATIONS
During the year company’s sales and other income
were Rs.964.341 Million against last year’s sales and other income of
Rs.850.324 Million. The profit before taxation for the current year is
Rs.56.337 Million against last year’s 45.457 Million and profit after tax for
the current year is 40.579 Million against last year’s Rs.29.367 Million.
FIXED ASSETS
- Land (Freehold)
- Land (Leasehold)
- Building
- Plant and Machinery
- R and D Machinery
- Electrical Equipment
- Computer
- Office Equipment
- Furniture and Fixture
- Vehicle
- Cylinder
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.98.93 |
|
Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
PNM / SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.