MIRA INFORM REPORT
|
Report No. : |
336476 |
|
Report Date : |
11.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
RAJ PETRO SPECIALITIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1st Floor, 124, G. D. Ambekar Marg, Ambawadi, Cotton Green
(West), Mumbai – 400033, Maharashtra |
|
Tel. No.: |
91-22-24721000/24714961 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
06.05.1997 |
|
|
|
|
Com. Reg. No.: |
11-107800 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 183.876 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23201MH1997PTC107800 |
|
|
|
|
IEC No.: |
0301069123 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS4923P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter, Importer and Supplier of various specialty
petroleum products, industrial oils and lubricants. |
|
|
|
|
No. of Employees
: |
600 (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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The rating takes into consideration established track record of
operations of the company supported by healthy financial risk profile and
adequate liquidity position of the company. Trade relations are fair. Business is active. Payments 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term : Cash Credit Limits (Suspended) = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
June 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term : Letters of Credit (Suspended) = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
June 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. Sanjay Pawar |
|
Designation : |
AGM Accounts |
|
Contact No.: |
91-22-24714961 |
|
Date : |
11.08.2015 |
LOCATIONS
|
Registered Office : |
1st Floor, 124, G. D. Ambekar Marg, Ambawadi, Cotton Green
(West), Mumbai – 400033, Maharashtra, India |
|
Tel. No.: |
91-22-24721000/24714961 |
|
Mobile No.: |
91- |
|
Fax No.: |
91-22-24710898 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Corporate Office 2: |
2A-D, Doshi Towers,156, Poonamallee High Road, Kilpauk, Chennai - 600010, Tamilnadu, India |
|
Tel. No.: |
91-44-42288900 |
|
Fax No.: |
91-44-42288912 |
|
|
|
|
Branch Offices : |
Located at · Bangalore · Hyderabad · Pune · Gurgaon · New Delhi · Kolkata · Aurungabad · Nagpur · Vadodara |
DIRECTORS
AS ON 26.09.2014
|
Name : |
Mr. Bipin Jaswantsinh Nanavati |
|
Designation : |
Managing director |
|
Address : |
8, Letangs Road, Vepery, Chennai – 600007, Tamilnadu, India |
|
Date of Birth/Age : |
03.11.1944 |
|
Date of Appointment : |
01.04.2006 |
|
DIN No.: |
00207759 |
|
|
|
|
Name : |
Mr. Surendra Ajitsingh Asher |
|
Designation : |
Director |
|
Address : |
5, Amrut Dhara, Joshi Lane, Tilak Road, Ghatkopar, Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
30.04.1943 |
|
Date of Appointment : |
19.05.2007 |
|
PAN No.: |
AABPA1158Q |
|
DIN No.: |
00208068 |
|
|
|
|
Name : |
Mr. Yogin Laxmidas Porecha |
|
Designation : |
Director |
|
Address : |
34, Laxmi Villa, Tagore Road, Santacruz (West), Mumbai – 400054, Maharashtra, India |
|
Date of Birth/Age : |
30.07.1955 |
|
Date of Appointment : |
19.05.2007 |
|
DIN No.: |
00208155 |
|
|
|
|
Name : |
Mr. Atul Chandrakant Anjaria |
|
Designation : |
Whole-time director |
|
Address : |
Flat No.303, Tower 1, Odyssey, Hiranandani Garden, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
28.08.1953 |
|
Date of Appointment : |
26.09.2014 |
|
|
AADPA6879Q |
|
DIN No.: |
00208237 |
|
|
|
|
Name : |
Mr. Rajesh Chandrakant Anjaria |
|
Designation : |
Director |
|
Address : |
B/2301, Eldora, 23rd Floor, Hiranandani Garden, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
01.11.1956 |
|
Date of Appointment : |
29.09.2007 |
|
PAN No.: |
AADPA6880F |
|
DIN No.: |
00208296 |
|
|
|
|
Name : |
Mr. Ajay Jaysinh Anjaria |
|
Designation : |
Whole-time director |
|
Address : |
Flat No.401, Odyssey 1, Orchard Avenue, Hiranandani Garden, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
19.08.1965 |
|
Date of Appointment : |
26.09.2014 |
|
PAN No.: |
AABPA2335D |
|
DIN No.: |
00208385 |
|
|
|
|
Name : |
Mr. Amit Bipin Nanavati |
|
Designation : |
Director |
|
Address : |
Old No.13, New No.10, Ormes Road, 3rd Cross Street, Kilpauk, Chennai – 600010, Tamilnadu, India |
|
Date of Birth/Age : |
16.08.1968 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
00208446 |
|
|
|
|
Name : |
Mr. Samir Bharat Nanavati |
|
Designation : |
Director |
|
Address : |
332, Vaibhav Apartments, 62 E.V.K., Sampath Road, Vepery, Chennai – 600007, Tamilnadu, India |
|
Date of Birth/Age : |
09.12.1975 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
00209029 |
|
|
|
|
Name : |
Mr. Viren Bipin Nanavati |
|
Designation : |
Director |
|
Address : |
8, Letangs Road, Vepery, Chennai – 600007, Tamilnadu, India |
|
Date of Birth/Age : |
08.10.1971 |
|
Date of Appointment : |
29.09.2007 |
|
DIN No.: |
00209110 |
|
|
|
|
Name : |
Vinit Surendra Asher |
|
Designation : |
Director |
|
Address : |
5, Amrut Dhara, Joshi Lane, Tilak Road, Ghatkopar, Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
23.10.1975 |
|
Date of Appointment : |
07.10.2002 |
|
PAN No.: |
AAACA1234A |
|
DIN No.: |
00209230 |
|
|
|
|
Name : |
Mr. Uday Jaswantsinh Nanavati |
|
Designation : |
Managing director |
|
Address : |
Prerna, 6 F, Ormes Road, 3rd Cross Street, Kilpauk, Chennai – 600010, Tamilnadu, India |
|
Date of Birth/Age : |
14.12.1948 |
|
Date of Appointment : |
26.09.2014 |
|
DIN No.: |
00209391 |
|
|
|
|
Name : |
Mr. Mehul Uday Nanavati |
|
Designation : |
Director |
|
Address : |
Prerna, 6 F, Ormes Road, 3rd Cross Street, Kilpauk, Chennai – 600010, Tamilnadu, India |
|
Date of Birth/Age : |
14.09.1974 |
|
Date of Appointment : |
29.09.2007 |
|
DIN No.: |
00209491 |
|
|
|
|
Name : |
Mr. Nalin Jaswantsinh Nanavati |
|
Designation : |
Director |
|
Address : |
Old No.11, Ormes Road, 3rd Cross Street, Kilpauk, Chennai – 600010, Tamilnadu, India |
|
Date of Birth/Age : |
02.09.1957 |
|
Date of Appointment : |
29.09.2007 |
|
DIN No.: |
00211279 |
|
|
|
|
Name : |
Mr. Jaysingh Vasanji Anjaria |
|
Designation : |
Director |
|
Address : |
Flat No.401, Odyssey 1, Orchard Avenue, Hiranandani Garden, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
14.04.1933 |
|
Date of Appointment : |
07.10.2002 |
|
PAN No.: |
AADPA5590Q |
|
DIN No.: |
00211746 |
KEY EXECUTIVES
|
Name : |
Paras Dilip Shah |
|
Designation : |
Company Secretary |
|
Address : |
B/209, Prakash Bhavan, Jay Prakash, Narayan Road, Bhayandar (West),
Thane – 401101, Maharashtra, India |
|
Date of Birth/Age : |
10.01.1988 |
|
Date of Appointment : |
09.09.2014 |
|
PAN No.: |
BFGPS4389G |
|
|
|
|
Name : |
Mr. Parag Dhuru |
|
Designation : |
Senior Accountant |
|
|
|
|
Name : |
Mr. Sanjay Pawar |
|
Designation : |
AGM Accounts |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED.
AS ON 26.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
94.07 |
|
Other top fifty shareholders |
5.93 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter, Importer and Supplier of various specialty
petroleum products, industrial oils and lubricants. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Petroleum Products |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Cheque and Credit |
|
|
|
|
Purchasing : |
Cash, Cheque and Credit |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Not Divulged
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
600 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
N.P. Redij and Company Chartered Accountant |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Subsidiary Companies : |
·
Raj Petro Specialities DMCC ·
Raj Petro Specialities (Europe) BV - Netherlands |
|
|
|
|
Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
Oneworld Impex Private Limited |
|
|
|
|
Other Related Party : |
Yogin family Trust |
CAPITAL STRUCTURE
As on 26.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,825,000 |
Equity Shares |
Rs.10/- each |
Rs. 58.250 Million |
|
1,312,500 |
Preference Shares |
Rs.100/- each |
Rs. 131.250 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 189.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,520,080 |
Equity Shares |
Rs.10/- each |
Rs. 55.201 Million |
|
1,286,750 |
Preference Shares |
Rs.100/- each |
Rs. 128.675
Million |
|
6,806,830 |
|
|
|
|
|
Total |
|
Rs. 183.876 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 |
183.876 |
183.876 |
183.876 |
|
(b) Reserves & Surplus |
2159.774 |
2138.397 |
2063.575 |
|
(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) |
2343.650 |
2322.273 |
2247.451 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term Borrowings |
268.662 |
248.196 |
251.167 |
|
(b) Deferred Tax Liabilities (Net) |
43.703 |
43.021 |
38.174 |
|
(c) Other Long Term
Liabilities |
1.210 |
2.150 |
2.749 |
|
(d) Long-term
Provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
313.575 |
293.367 |
292.090 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term Borrowings |
1171.970 |
1967.913 |
926.814 |
|
(b) Trade
Payables |
4323.030 |
3465.699 |
3542.965 |
|
(c) Other
Current Liabilities |
229.298 |
167.726 |
154.616 |
|
(d) Short-term
Provisions |
552.343 |
175.334 |
180.292 |
|
Total Current
Liabilities (4) |
6276.641 |
5776.672 |
4804.687 |
|
|
|
|
|
|
TOTAL |
8933.866 |
8392.312 |
7344.228 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-Current Assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible Assets |
630.629 |
611.404 |
573.464 |
|
(ii)
Intangible Assets |
6.499 |
3.358 |
4.693 |
|
(iii) Capital
work-in-progress |
96.040 |
7.316 |
11.523 |
|
(iv)
Intangible assets under Development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4.443 |
4.443 |
4.414 |
|
(c) Deferred Tax Assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
140.028 |
129.672 |
94.821 |
|
(e) Other
Non-Current Assets |
0.060 |
0.079 |
0.958 |
|
Total Non-Current
Assets |
877.699 |
756.272 |
689.873 |
|
|
|
|
|
|
(2) Current Assets |
|
|
|
|
(a)
Current Investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2982.049 |
1546.797 |
1871.998 |
|
(c) Trade
Receivables |
3693.282 |
4842.624 |
3803.947 |
|
(d) Cash
and Cash Equivalents |
622.577 |
649.266 |
489.665 |
|
(e)
Short-term Loans and Advances |
518.813 |
540.925 |
444.117 |
|
(f) Other
Current Assets |
239.446 |
56.428 |
44.628 |
|
Total
Current Assets |
8056.167 |
7636.040 |
6654.355 |
|
|
|
|
|
|
TOTAL |
8933.866 |
8392.312 |
7344.228 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
14450.333 |
13143.742 |
12826.165 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
205.668 |
200.688 |
688.091 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
65.774 |
64.009 |
69.171 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
139.894 |
136.679 |
618.920 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
43.284 |
40.487 |
198.221 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
96.610 |
96.192 |
420.699 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
4795.331 |
3556.618 |
3204.317 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
14.19 |
14.13 |
61.81 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
15650.000 |
|
|
|
|
|
The above information has been parted by Mr. Sanjay Pawar (AGM Accounts)
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 |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.67 |
0.73 |
3.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.58 |
1.63 |
8.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.06 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.61 |
0.95 |
0.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.32 |
1.38 |
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 |
183.876 |
183.876 |
183.876 |
|
Reserves & Surplus |
2063.575 |
2138.397 |
2159.774 |
|
Net
worth |
2247.451 |
2322.273 |
2343.650 |
|
|
|
|
|
|
Long-term Borrowings |
251.167 |
248.196 |
268.662 |
|
Short-term Borrowings |
926.814 |
1967.913 |
1171.970 |
|
Total
borrowings |
1177.981 |
2216.109 |
1440.632 |
|
Debt/Equity
ratio |
0.524 |
0.954 |
0.615 |
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 |
12826.165 |
13143.742 |
14450.333 |
|
|
|
2.476 |
9.941 |
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 |
12826.165 |
13143.742 |
14450.333 |
|
Profit |
420.699 |
96.192 |
96.610 |
|
|
3.28% |
0.73% |
0.67% |
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) |
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 |
Yes |
|
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 |
10539865 |
28/11/2014 |
934,000.00 |
ICICI BANK LIMITED |
KESHAVRAO KHADYE MARG,DR.BABASAHEB AMBEDKAR COLONY, ARYA NAGAR, MAHALAXMI, MAHARASHTRA - 400034, INDIA |
C38759726 |
|
2 |
10545668 |
14/10/2014 |
485,000.00 |
HDFC BANK LIMITED |
LOAN DEPARTMENT, RETAIL ASSET DIVISION, 56.G.N. CHETTY ROAD,T
NAGAR, CHENNAI, TAMILNADU - 600017, |
C41699919 |
|
3 |
10544760 |
10/10/2014 |
700,000.00 |
HDFC BANK LIMITED |
LOAN DEPARTMENT, RETAIL ASSET DIVISION, 56.G.N. C |
C41152216 |
|
4 |
10528035 |
12/09/2014 |
2,897,000.00 |
ICICI BANK LIMITED |
KESHAVRAO KHADYE MARG,DR.BABASAHEB AMBEDKAR COLONY, ARYA NAGAR, MAHALAXMI, MAHARASHTRA - 400034, INDIA |
C31175086 |
|
5 |
10538664 |
20/08/2014 |
1,514,000.00 |
ICICI BANK LIMITED |
KESHAVRAO KHADYE MARG,DR.BABASAHEB AMBEDKAR COLONY, ARYA NAGAR, MAHALAXMI, MAHARASHTRA - 400034, INDIA |
C38007662 |
|
6 |
10546197 |
10/07/2014 |
900,000.00 |
HDFC BANK LIMITED |
LOAN DEPARTMENT, RETAIL ASSET DIVISION, 56.G.N. C |
C41811357 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
258.764 |
239.429 |
|
Total |
258.764 |
239.429 |
CORPORATE INFORMATION
Subject is a leading manufacturer and Blender of various Specialty Petroleum Products, Industrial Oils and Lubricants. The company Was established in 1942, having three manufacturing units at Silvassa, Panoli and Chennai.
FINANCIAL RESULTS
During the financial year, the Company has achieved the
turnover of Rs. 14450.333 Million (net off excise) and earned a net profit of
Rs. 96.610 Million after providing provisions for depreciation and amortization
expenses of Rs. 65.774 Million and Provisions for Taxation (including Deferred
Tax) of Rs.43.284 Million
FIXED ASSETS
Tangible
Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office equipment
Intangible Assets
· Brands and trade marks
· Computer software
· Copyrights,
· patents
· Licenses and franchise
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. 98.76 |
|
Euro |
1 |
Rs. 69.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
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 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
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.