MIRA INFORM REPORT
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Report No. : |
338810 |
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Report Date : |
26.08.2015 |
IDENTIFICATION DETAILS
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Name : |
MALLADI DRUGS AND PHARMACEUTICALS LIMITED |
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Registered
Office : |
No. 9, GST Road, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
21.08.1980 |
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Com. Reg. No.: |
18-008382 |
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Capital
Investment / Paid-up Capital : |
Rs. 141.060
Million |
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CIN No.: [Company Identification
No.] |
U24230TN1980PLC008382 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHEM00349G |
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PAN No.: [Permanent Account No.] |
AAACM5031A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacture, Exporter and Importer of Bulk Drugs and Pharma Ingredients. |
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No. of Employees
: |
700 (Approximately) |
ECGC Country Risk Classification List – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks over
coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
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Rating Agency Name |
CARE |
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Rating |
Long term bank facilities: “BB+” |
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Rating Explanation |
Have moderate risk of default. |
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Date |
21.11.2013 |
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Rating Agency Name |
CARE |
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Rating |
Short term bank facilities: “A4+” |
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Rating Explanation |
Have minimal degree of safety and carry very
high credit risk. |
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Date |
21.11.2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Ms. Meenakshi |
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Designation : |
Finance Department |
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Contact No.: |
91-44-39876900 |
LOCATIONS
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Registered Office : |
No. 9, GST Road, St. Thomas Mount, Chennai - 600016, Tamilnadu, India |
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Tel. No.: |
91-44-39876900/ 22330910 |
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Fax No.: |
91-44-39876914/ 22330814 |
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E-Mail : |
info@malladi.co.in |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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Factory : |
· Plot No. 67, Sipcot Industiral Complex, Ranipet, Vellore District – 632403, Tamilnadu, India · · Plot Nos. 7B and 7C, Sipcot Industiral Complex, Ranipet, Vellore District – 632403, Tamilnadu, India · · Plot No. 6A, 7A, Sipcot Industiral Complex, Ranipet, Vellore District – 632403, Tamilnadu, India · · Plot Nos. 49, 50, 55 and 56, IDA Gajulamandyam, Attur P. O., Renigunta, Tirupati – 517520, Andhra Pradesh, India · · Tantech Agro Chemicals Limited, Sipcot Industrial Complex, Ranipet, Vellore District – 632403, Tamilnadu, India Also Located at : · Tirupati · Guddalore |
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Branch Office
: |
Located at : ·
14, Raghavan Reddy Colony, Ashok Nagar,
Chennai - 600083, Tel No. : 91-44-24892056 · 137 B, Old Mahabalipuram Road, Chennai - 600096, Tamilnadu, India Tel. No. : 91-44-24960761 / 24960629 / 24960633 · 14, Dr. Natesan Salai, Ashok Nagar, Chennai - 600083, Tamilnadu, India Tel No. : 91-44-24890185 |
DIRECTORS
As on 30.09.2013
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Name : |
Mr. Prashant Malladi |
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Designation : |
Managing Director |
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Address : |
No.31, Navarathna Gardens, Ekkatuthangal, Chennai – 600097, Tamilnadu, India. |
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Date of Birth/Age : |
20.05.1959 |
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Qualification : |
B. Com, (ICWA) |
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Date of Appointment : |
03.09.1998 |
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PAN No.: |
AAEPM8052A |
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DIN No. : |
00133341 |
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Other Directorship :
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Name : |
Mrs. Shreya Sistla |
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Designation : |
Whole Time Director |
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Address : |
No.41, Navarathna Gardens, Ekkatuthangal, Chennai – 600097, Tamilnadu, India |
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Date of
Birth/Age : |
15.10.1962 |
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Qualification
: |
B. Tech. |
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Date of
Appointment : |
01.10.2013 |
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PAN No.: |
AAMPS6655B |
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DIN No. : |
00133354 |
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Other Directorship :
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Name : |
Mr. Gopalakrishnan Narayanaswamy Venganellor |
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Designation : |
Whole Time Director |
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Address : |
B-2, Aditiyaa Malaviya Nagar, Thiruvanmiyur, Chennai – 600041, Tamilnadu, India |
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Date of
Birth/Age : |
05.08.1952 |
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Qualification
: |
B.E., (Chemicals) |
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Date of
Appointment : |
12.05.2011 |
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PAN No.: |
ADTPG2274N |
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DIN No. : |
00198785 |
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Other Directorship :
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Name : |
Mr. Dilip Keshavlal Patel |
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Designation : |
Director |
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Address : |
D-70, 5th Floor, Bina Apartments, Sir M. V. Road, Andheri (East), Mumbai – 400069, Maharashtra, India |
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Qualification
: |
B.E.,(Chemicals) |
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Date of
Birth/Age : |
20.10.1947 |
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Date of
Appointment : |
17.06.2003 |
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DIN No. : |
00013150 |
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Other Directorship :
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KEY EXECUTIVES
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Name : |
Ms. Meenakshi |
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Designation : |
Finance Department |
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Name : |
Mr. R Krishnan |
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Designation : |
Secretary |
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Date of Appointment : |
25.06.2010 |
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PAN No.: |
AAOPK4452E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
M.
Prabhavathi |
92179 |
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M. Prashant |
3074493 |
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S. Shreya |
2698197 |
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M. Parvathi |
253630 |
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Malladi
Project Management Centre Private Limited, |
5093905 |
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Saka Marketing
Services Private Limited, |
3003199 |
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TIIC Limited, India |
770000 |
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M. S. Pawan |
154 |
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V. N.
Gopalakrishnan |
53130 |
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M.
Parvathi and M. Prashant |
279961 |
|
MDPL
Employee Welfare Trust, India |
774620 |
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LOF Mauritius
– LLC, Mauritius |
850434 |
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Nakodar Finance Private Limited, India |
2626684 |
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Onward Investment Advisory Private Limited, India |
8641427 |
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Total |
28212013 |
Allottees as on 11.10.2013
|
Names of Allottee |
No. of Shares |
|
Nakodar Finance Private Limited, India |
1000000 |
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Onward
Investment Advisory Services Private Limited, India |
1321429 |
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Total |
2321429 |
Allottees as on 24.10.2013
|
Names of Allottee |
No. of Shares |
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ABN Estates
Housing Private Limited, India |
1250000 |
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Total |
1250000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Public financial companies |
2.52 |
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Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others |
2.79 |
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Bodies corporate |
71.03 |
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Directors or relatives of Directors |
21.12 |
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Others |
2.54 |
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Total |
100.00 |
%2026-Aug-2015_files/image013.gif)
BUSINESS DETAILS
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Line of Business : |
Manufacture, Exporter and Importer of Bulk Drugs and Pharma Ingredients. |
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Products : |
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Exports : |
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Products : |
Pharmaceuticals |
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Countries : |
Switzerland |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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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
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Suppliers : |
· Clarion and Drugs |
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Customers : |
Wholesalers · GSK Company · Dr. Reddy |
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No. of Employees : |
700 (Approximately) |
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Bankers : |
· Union Bank of India, Ashok Nagar Branch, Plot No.1209, 1st Avenue, Ashok Nagar, Chennai - 600083, Tamilnadu, India · State Bank of India, Commercial Branch, 232, NSC Bose Road, Chennai - 600001, Tamilnadu, India · State Bank of Travancore, Commercial Branch, 556, Anna Salai, Teynampet, Chennai - 600018, Tamil Nadu, India · Corporation Bank, Kellys Corner Branch, No.12, Ormes Road, Kilpauk, Chennai - 600010, Tamilnadu, India |
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Facilities : |
Cash Credit: Rs. 17.500 Million (From Union Bank of India)
NOTE: LONG TERM
BORROWINGS Term loans taken from banks - (Union Bank of India, Corporation Bank, State Bank of India and State Bank of Travancore) and Financial institution (Export Import Bank of India) are secured by paripassu first charge on the Company's immovable and movable properties both present and future subject to the charges created in favour of the Company's bankers on the current assets for securing the working capital facilities. The term loans are also guaranteed by the Managing director and Executive Director (Operations) of the company. SHORT TERM BORROWINGS The working capital facilities are secured by
hypothecation of stocks of raw materials, work in progress and finished goods.
The working capital facilities are also secured by second charge on fixed
assets of the company The loans are also guaranteed by the Managing Director
and Executive Director (Operations). |
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Banking
Relations : |
-- |
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Financial Institution : |
Electronica Finance Limited, 128/A, Plot No.3, Kailashchandra Appartments, Paud Road, Kothrud, Pune - 411038, Maharashtra, India |
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Auditors : |
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Name : |
Sripada Associates Chartered Accountants |
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Address : |
New No.3/82, (Old No. 10/7), Valluvar Salai, Ramapuram, Chennai 600089, Tamilnadu, India |
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Income-tax
PAN of auditor or auditor's firm : |
AATFS9395P |
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Subsidiary Company: |
· Tantech Agro Chemicals Limited CIN No.: L24121TN1989PLC018170 · Novus Fine Chemicals L.L.C |
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Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives: |
· Malladi Project Management Centre Private Limited CIN No.: U74140TN1980PTC008360 · Saka Marketing Services Private Limited CIN No.: U74999TN1979PTC007807 · Malladi Specialities Limited CIN No.: U24117TN1989PLC017845 · Sreeprabha Franchise – Association of Persons · Marine and Agro Products Private Limited CIN No.: U29309TN1992PTC022525 · Nakodar Finance Private Limited CIN No.: U65921WB1987PTC145679 · Onwards Investment Advisory Private Limited · ABN Estates Housing Private Limited CIN No.: U70102TN2007PTC062672 |
CAPITAL STRUCTURE
After
30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
|
|
40,000,000 |
Equity Shares |
Rs. 5/- each |
Rs. 200.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
31783442 |
Equity Shares |
Rs.5/- each |
Rs. 158.917
Million |
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As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,000,000 |
Equity Shares |
Rs. 5/- each |
Rs 150.000 Million |
|
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28,212,013 |
Equity Shares |
Rs.5/- each |
Rs.141.060
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
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|
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(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
141.060 |
141.060 |
141.060 |
|
(b) Reserves & Surplus |
751.273 |
691.427 |
1108.280 |
|
(c) Money
received against Share WARRANTS |
0.000 |
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
892.333 |
832.487 |
1249.340 |
|
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(3) Non-Current
Liabilities |
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|
|
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(a) long-term Borrowings |
178.936 |
277.212 |
263.597 |
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(b) Deferred Tax Liabilities (Net) |
116.213 |
108.109 |
112.379 |
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(c) Other Long Term
Liabilities |
11.502 |
6.841 |
7.888 |
|
(d) long-term
Provisions |
26.623 |
23.924 |
17.383 |
|
Total Non-current
Liabilities (3) |
333.274 |
416.086 |
401.247 |
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(4) Current Liabilities |
|
|
|
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(a) Short
Term Borrowings |
727.953 |
677.757 |
686.293 |
|
(b) Trade
Payables |
664.420 |
522.142 |
633.288 |
|
(c) Other
Current Liabilities |
165.526 |
127.714 |
104.984 |
|
(d) Short-term
Provisions |
21.521 |
26.717 |
4.253 |
|
Total Current
Liabilities (4) |
1579.420 |
1354.330 |
1428.818 |
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TOTAL |
2805.027 |
2602.903 |
3079.405 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible Assets |
851.611 |
878.662 |
753.706 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital Work-in-Progress |
3.201 |
21.887 |
2.127 |
|
(iv)
Intangible assets under Development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
390.846 |
390.836 |
671.273 |
|
(c) Deferred Tax Assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
217.909 |
180.658 |
267.403 |
|
(e) Other
Non-current Assets |
50.960 |
40.214 |
67.178 |
|
Total Non-Current
Assets |
1514.527 |
1512.257 |
1761.687 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current Investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
561.963 |
560.269 |
551.122 |
|
(c) Trade
Receivables |
536.535 |
384.309 |
661.181 |
|
(d) Cash
and Cash Equivalents |
75.175 |
38.987 |
19.050 |
|
(e)
Short-term Loans and Advances |
46.168 |
51.192 |
45.353 |
|
(f) Other
Current Assets |
70.659 |
55.889 |
41.012 |
|
Total
Current Assets |
1290.500 |
1090.646 |
1317.718 |
|
|
|
|
|
|
TOTAL |
2805.027 |
2602.903 |
3079.405 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2121.828 |
1814.602 |
1900.510 |
|
|
|
Other Income |
50.759 |
62.765 |
58.816 |
|
|
|
TOTAL (A) |
2172.587 |
1877.367 |
1959.326 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1015.695 |
919.403 |
1034.325 |
|
|
|
Purchases of Stock-in-Trade |
38.488 |
44.990 |
39.732 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
64.636 |
3.657 |
(12.076) |
|
|
|
Employees benefits expense |
176.194 |
171.612 |
143.855 |
|
|
|
Other expenses |
581.865 |
575.832 |
507.701 |
|
|
|
Exceptional Items |
0.000 |
352.416 |
0.000 |
|
|
|
TOTAL (B) |
1876.878 |
2067.910 |
1713.537 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
295.709 |
(190.543) |
245.789 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
143.966 |
155.298 |
132.030 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
151.743 |
(345.841) |
113.759 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
81.309 |
75.283 |
76.206 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
70.434 |
(421.124) |
37.553 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
10.587 |
(4.270) |
(17.015) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
59.847 |
(416.854) |
54.568 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1325.874 |
1246.146 |
1100.352 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.21 |
(2.28) |
1.93 |
|
|
Particulars |
|
|
31.03.2014 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
2320.000 |
Expected Sales (2014-2015): Rs.3500.000 Million
The above information has been parted by Ms. Meenakshi (Finance
Department)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.75 |
(22.20) |
2.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.32 |
(23.21) |
1.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.92 |
(19.23) |
1.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
(0.51) |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.02 |
1.15 |
0.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.82 |
0.81 |
0.92 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
141.060 |
141.060 |
141.060 |
|
Reserves & Surplus |
1108.280 |
691.427 |
751.273 |
|
Net
worth |
1249.340 |
832.487 |
892.333 |
|
|
|
|
|
|
long-term borrowings |
263.597 |
277.212 |
178.936 |
|
Short term borrowings |
686.293 |
677.757 |
727.953 |
|
Total
borrowings |
949.890 |
954.969 |
906.889 |
|
Debt/Equity
ratio |
0.760 |
1.147 |
1.016 |
%2026-Aug-2015_files/image015.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1900.510 |
1814.602 |
2121.828 |
|
|
|
(4.520) |
16.931 |
%2026-Aug-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1900.510 |
1814.602 |
2121.828 |
|
Profit |
54.568 |
(416.854) |
59.847 |
|
|
2.87% |
(22.97%) |
2.82% |
%2026-Aug-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10483763 |
24/02/2014 |
250,000,000.00 |
UNION BANK OF INDIA |
ASHOK NAGAR BRANCH, PLOT NO.1209, 1ST AVENUE, ASHOK NAGAR, CHENNAI, TAMILNADU - 600083, INDIA |
C00018119 |
|
2 |
10475636 |
22/01/2014 |
3,374,393.00 |
ELECTRONICA FINANCE LIMITED |
128/A, PLOT NO.3,KAILASHCHANDRA APPARTMENTS, PAUD ROAD, KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA |
B95515052 |
|
3 |
10475087 |
22/01/2014 |
3,683,021.00 |
ELECTRONICA FINANCE LIMITED |
128/A, PLOT NO.3,KAILASHCHANDRA APPARTMENTS, PAUD ROAD, KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA |
B95293486 |
|
4 |
10443118 |
23/07/2013 |
713,300.00 |
UNION BANK OF INDIA |
ASHOK NAGAR BRANCH, PLOT NO.1209, 1ST AVENUE, ASHOK NAGAR, CHENNAI, TAMILNADU - 600083, INDIA |
B82176876 |
|
5 |
10207922 |
30/03/2010 * |
100,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
CENTRE ONE BUILDING, FLOOR 21, WORLD TRADE CENTRE COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A85702058 |
|
6 |
10153842 |
20/04/2011 * |
130,000,000.00 |
STATE BANK OF HYDERABAD |
MOUNT ROAD BRANCH, 488/489, SATHGURU COMPLEX, NANDANAM, ANNA SALAI, CHENNAI, TAMILNADU - 600035, INDIA |
B11855004 |
|
7 |
10154291 |
27/03/2009 |
1,810,957.00 |
FIRST LEASING CO OF INDIA LIMITED |
749, ANNA SALAI,CHENNAI-2., TAMILNADU, TAMILNADU, |
A60719952 |
|
8 |
10151568 |
26/02/2014 * |
100,000,000.00 |
STATE BANK OF TRAVANCORE |
COMMERCIAL BRANCH, 556, ANNA SALAI, TEYNAMPET,, CHENNAI, TAMIL NADU - 600018, INDIA |
B98805153 |
|
9 |
10094246 |
17/02/2009 * |
110,000,000.00 |
STATE BANK OF TRAVANCORE |
NO. 556, MOUNT ROAD, TEYNAMPET, CHENNAI, TAMILNADU - 600018, INDIA |
A57291692 |
|
10 |
10094257 |
04/07/2012 * |
454,700,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, 232, NSC BOSE ROAD, CHENNAI, TAMILNADU - 600001, INDIA |
B43097203 |
|
11 |
10026699 |
04/04/2013 * |
1,371,200,000.00 |
UNION BANK OF INDIA |
ASHOK NAGAR BRANCH, PLOT NO.1209, 1ST AVENUE, ASHOK NAGAR, CHENNAI, TAMILNADU - 600083, INDIA |
B75729491 |
|
12 |
80012428 |
25/10/2006 * |
225,000,000.00 |
EXPORT IMPORT BANK OF INDIA |
CENTRE ONE BUILDING, FLOOR 21, WORLD TRADE CENTRE, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
13 |
90290387 |
25/02/2014 * |
229,000,000.00 |
CORPORATION BANK |
KELLYS CORNER BRANCH, NO.12, ORMES ROAD, KILPAUK, CHENNAI, TAMILNADU - 600010, INDIA |
B98745920 |
|
14 |
90287254 |
04/12/2013 * |
368,200,000.00 |
UNION BANK OF INDIA |
ASHOK NAGAR BRANCH, PLOT NO.1209, 1ST AVENUE, ASHOK NAGAR, CHENNAI, TAMILNADU - 600083, INDIA |
B92727650 |
|
15 |
90288812 |
25/11/2005 * |
37,154,000.00 |
UNION BANK OF INDIA |
ASHOKNAGAR BRANCH, MADRAS, TAMILNADU - 600083, INDIA |
- |
|
16 |
90296806 |
25/07/1997 * |
7,100,000.00 |
UNION BANK OF INDIA |
ASHOK NAGAR BRANCH, MADRAS, TAMILNADU - 600083, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Deferred sales tax loan |
35.544 |
35.821 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Other loans and advances, others |
30.000 |
25.000 |
|
Total |
65.544 |
60.821 |
FINANCIAL PERFORMANCE
The Company’s turnover registered an increase of 18% over the previous year mainly on account of sales of Core products. Export turnover increased by 6% over the previous year.
FIXED ASSETS
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Other Equipments
· Leasehold Improvements
· Computer Software
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.66.71 |
|
|
1 |
Rs.105.10 |
|
Euro |
1 |
Rs.77.11 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.