MIRA INFORM REPORT
|
Report No. : |
351471 |
|
Report Date : |
01.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
NETMATRIX CROP CARE LIMITED |
|
|
|
|
Formerly Known
As : |
NETMATRIX LIMITED |
|
|
|
|
Registered
Office : |
Plot No 15 and 15A, APSEZ, Villages - Dibbapalem and Krishnampalem,
Mandals - Achutapuram and Rambi, Visakhapatnam-531011, Andhra Pradesh |
|
Tel. No.: |
91-40-23830956 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
22.03.2000 |
|
|
|
|
Com. Reg. No.: |
01-033959 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 124.846 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200AP2000PLC033959 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDN01581G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCN3529P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Agro Chemicals and its Formulations. (From Registered
Documents) |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1193600 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2000 having satisfactory track. Rating takes into consideration the healthy growth in operating income of the company marked by satisfactory profitability margin. The company possesses sound net worth base marked by adequate cash accruals however reported unfavorable gap between trade payable and receivables. Trade relations are fair. Business is active. Payments are 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 |
ICRA |
|
Rating |
Fund Based Limits=BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
20.03.2015 |
|
|
|
|
Rating Agency Name |
ICRA |
|
Rating |
Non-Fund Based Limits=A3+ |
|
Rating Explanation |
Moderate degree of safety and low credit
risk |
|
Date |
20.03.2015 |
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
31-03-2015.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
(Contact No: 91-40-23830956)
LOCATIONS
|
Registered Office/ Factory 1: |
Plot No 15 and 15A, APSEZ, Villages - Dibbapalem and Krishnampalem,
Mandals - Achutapuram and Rambi, Visakhapatnam-531011, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23830956/
57 |
|
Fax No.: |
91-40-2343 0958 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Administrative Office : |
Flat
no 101, Madhavi Enclave, Motinagar "X" Roads, Motinagar, Hyderabad
500018, Telangana, India |
|
|
|
|
Factory 2: |
C77/524, C-78/525
& C-65/551,
100 Shed Area, GIDC Silvasa
Road, Vapi - 396195,
Gujarat, India |
|
Tel. No.: |
91-260-2452544 |
DIRECTORS
AS ON 06.09.2014
|
Name : |
Mr. Botlaguduru Chandra Sekhar |
|
Designation : |
Managing director |
|
Address : |
Plot No.27A, Sidhartha Nagar, Vengala Rao Nagar,
Hyderabad-500038, Andhra Pradesh, India |
|
Date of Birth/Age : |
31.10.1962 |
|
Qualification : |
B.Tech (Chemical Engineering) |
|
Expertise : |
Mr. B.
Chandrasekhar is a Chemical Engineer by qualification. He co-founded Watsol
Polymers Limited in the year 1988, for manufacturing Specialty Chemicals. Mr.
Chandrasekhar's total experience in the chemical industry is over 25 years.
He also worked with Ion Exchange Ltd. from 1984 to 1988. He founded NetMatrix
Limited in the year 2000 and since then has been heading the Company,
currently being the Chairman & Managing Director of the Company. |
|
Date of Appointment : |
29.03.2000 |
|
DIN No.: |
01270212 |
|
|
|
|
Name : |
Mr. Madanagopala Sharma Kuppa |
|
Designation : |
Managing director |
|
Address : |
3-147, Narasimha Reddy Nagar, Malkajgiri,
Hyderabad-500047, Andhra Pradesh, India |
|
Date of Birth/Age : |
21.07.1953 |
|
Date of Appointment : |
12.09.2003 |
|
DIN No.: |
01270297 |
|
|
|
|
Name : |
Mr. Krishnapuram Subbarao Raghuveer |
|
Designation : |
Whole-time director |
|
Address : |
II Floor, Ayesha Manzil, 45, Tps 4, 6th Road Bandra
(West), Mumbai-400050, Maharashtra, India |
|
Date of Birth/Age : |
30.01.1953 |
|
Date of Appointment : |
07/01/2012 |
|
DIN No.: |
01985786 |
|
|
|
|
Name : |
Mr. Nimmagadda Premnadh |
|
Designation : |
Director |
|
Address : |
Ficom Organics Limited, 3204, GIDC, Ankleshwar-393002,
Gujarat, India |
|
Date of Birth/Age : |
20.07.1952 |
|
Date of Appointment : |
01/07/2014 |
|
DIN No.: |
00324301 |
|
|
|
|
Name : |
Mr. Villadath Harish Kumar |
|
Designation : |
Director |
|
Address : |
Flat No. 303, Vineyard Whiteline Apartments, Plot No.
341-343, Defence Colony, Sainikpuri, Secunderabad-500094, Andhra Pradesh,
India |
|
Date of Birth/Age : |
30.11.1966 |
|
Date of Appointment : |
01.03.2010 |
|
DIN No.: |
00887484 |
|
|
|
|
Name : |
Mr. Shailesh Gangakhedkar |
|
Designation : |
Director |
|
Address : |
3-6-462/1 To 3 402, Sri Sarada Krupa Street No.5, Himayat
Nagar, Hyderabad- 500029, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.02.1963 |
|
Date of Appointment : |
10.04.2009 |
|
DIN No.: |
02690306 |
|
|
|
|
Name : |
Mr. Atyam Naresh Mohan |
|
Designation : |
Director |
|
Address : |
B/19, Samata Building, Shree Nagar, Wagle Estate,
Thane-400604, Maharashtra, India |
|
Date of Birth/Age : |
11.10.1950 |
|
Date of Appointment : |
01.09.2010 |
|
DIN No.: |
03250043 |
|
|
|
|
Name : |
Mr. Hemnath Rao Hanumankar |
|
Designation : |
Director |
|
Address : |
H No 2-2-647/77/6&7, SBI Officers Colony, Amberpet,
Hyderabad-500013, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.05.1960 |
|
Date of Appointment : |
07.01.2012 |
|
DIN No.: |
05129778 |
|
|
|
|
Name : |
Mr. Deepak Bidi |
|
Designation : |
Director |
|
Address : |
F No 203, Sita Towers, 3-6-681, Street No 10. Himayat Nagar,
Hyderabad- 500029, Andhra Pradesh, India |
|
Date of Birth/Age : |
31.10.1960 |
|
Date of Appointment : |
07.01.2012 |
|
DIN No.: |
05131125 |
|
|
|
|
Name : |
Mrs. Lakshmi Narayana Vuduta |
|
Designation : |
Director |
|
Address : |
Flat No 301, Plot No - 135, Prabha Mansion, Kalyan Nagar,
Hyderabad-500038, Andhra Pradesh, India |
|
Date of Birth/Age : |
20.06.1964 |
|
Date of Appointment : |
07.01.2012 |
|
DIN No.: |
05135745 |
KEY EXECUTIVES
|
Name : |
Mr. Dheeraj Satyanarayan Bohra |
|
Designation : |
Secretary |
|
Address : |
3-4-226/6, Street No 1 3rd Floor, Bagh Lingampally, Near
Kachiguda Jain Temple, Hyderabad-500027, Andhra Pradesh, India |
|
Date of Birth/Age : |
16.03.1982 |
|
Date of Appointment : |
19.11.2011 |
|
PAN No.: |
ANVPB4029L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 06.09.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 06.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
0.72 |
|
Directors
or relatives of directors |
75.49 |
|
Other
top fifty shareholders |
23.79 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Agro Chemicals and its Formulations. (From Registered
Documents) |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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|
||||||||||||||||||||||||||||||
|
Bankers : |
·
ICICI Bank Limited ·
Development Credit Bank Limited ·
Standard Chartered Bank 4th Floor, Ashoka Bhopal
Chambers, S P Road,, Secunderabad - 500003, Andhra Pradesh, India ·
Axis Bank Limited Corporate
Banking Branch, 6-3-879/B, First Floor, G. Pulla Reddy Building, Greenlands
Road, Begumpet, Hyderabad- 500016, Telangana, India |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
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Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Statutory Auditors : |
|
|
Name : |
Rajesh Lakshman and Associates Chartered Accountants |
|
Address : |
Hyderabad, Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFR0763L |
|
|
|
|
Internal Auditors : |
|
|
Name : |
R. Kankaria and Uttam Singhi Chartered Accountants |
|
Address : |
Hyderabad, Telangana, India |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12,484,554 |
Equity Shares |
Rs. 10/- each |
Rs. 124.846
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 |
124.846 |
124.846 |
124.846 |
|
(b) Reserves & Surplus |
292.926 |
187.620 |
134.758 |
|
(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) |
417.772 |
312.466 |
259.604 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
314.077 |
371.724 |
15.840 |
|
(b) Deferred tax liabilities (Net) |
48.126 |
20.768 |
12.528 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
362.203 |
392.492 |
28.368 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
35.457 |
52.624 |
37.305 |
|
(b)
Trade payables |
232.797 |
134.086 |
102.915 |
|
(c)
Other current liabilities |
37.664 |
25.737 |
27.174 |
|
(d)
Short-term provisions |
10.280 |
9.847 |
20.925 |
|
Total
Current Liabilities (4) |
316.198 |
222.294 |
188.319 |
|
|
|
|
|
|
TOTAL |
1096.173 |
927.252 |
476.291 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
824.372 |
208.945 |
164.225 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
1.488 |
|
(iii)
Capital work-in-progress |
0.000 |
266.732 |
44.786 |
|
(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 |
9.435 |
134.933 |
31.290 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
833.807 |
610.610 |
241.789 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
110.796 |
77.536 |
39.524 |
|
(c)
Trade receivables |
118.736 |
178.419 |
152.151 |
|
(d)
Cash and cash equivalents |
6.485 |
20.914 |
10.395 |
|
(e)
Short-term loans and advances |
26.349 |
39.773 |
32.432 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
262.366 |
316.642 |
234.502 |
|
|
|
|
|
|
TOTAL |
1096.173 |
927.252 |
476.291 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1137.015 |
688.569 |
758.537 |
|
|
|
Other Income |
17.740 |
12.018 |
19.440 |
|
|
|
TOTAL |
1154.755 |
700.587 |
777.977 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
733.395 |
502.754 |
506.098 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
48.051 |
(29.769) |
(24.706) |
|
|
|
Employees benefits expense |
54.061 |
41.167 |
39.247 |
|
|
|
Other expenses |
111.579 |
77.723 |
78.529 |
|
|
|
TOTAL |
947.086 |
591.875 |
599.168 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
207.669 |
108.712 |
178.809 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
30.452 |
11.435 |
6.349 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
177.217 |
97.277 |
172.460 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.267 |
7.869 |
5.231 |
|
|
|
|
|
|
|
|
|
|
EXCEPTIONAL
ITEMS/ PRIOR PERIOD ITEMS |
0.522 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
166.428 |
89.408 |
167.229 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
53.867 |
29.291 |
56.218 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
112.561 |
60.117 |
111.011 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export
of Goods on F.O.B. Basis |
276.695 |
320.617 |
224.046 |
|
|
TOTAL EARNINGS |
276.695 |
320.617 |
224.046 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
81.365 |
23.140 |
53.063 |
|
|
|
Components
and Spare Parts |
0.000 |
479.981 |
435.343 |
|
|
TOTAL IMPORTS |
81.365 |
503.121 |
488.406 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.02 |
4.82 |
8.89 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
|
|
|
|
From Banks |
3.649 |
4.954 |
5.450 |
|
From Other Parties |
9.192 |
6.230 |
5.241 |
|
Total |
12.841 |
11.184 |
10.691 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from (used in) Operations |
NA |
124.143 |
218.612 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
9.90 |
8.73 |
14.63 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
18.26 |
15.79 |
23.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.18 |
13.54 |
38.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40 |
0.29 |
0.64 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.87 |
1.39 |
0.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.83 |
1.42 |
1.25 |
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 |
124.846 |
124.846 |
124.846 |
|
Reserves & Surplus |
134.758 |
187.620 |
292.926 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
259.604 |
312.466 |
417.772 |
|
|
|
|
|
|
Long-term borrowings |
15.840 |
371.724 |
314.077 |
|
Short term borrowings |
37.305 |
52.624 |
35.457 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
10.691 |
11.184 |
12.841 |
|
Total
borrowings |
63.836 |
435.532 |
362.375 |
|
Debt/Equity
ratio |
0.246 |
1.394 |
0.867 |
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 |
758.537 |
688.569 |
1137.015 |
|
|
|
(9.224) |
65.127 |
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 |
758.537 |
688.569 |
1137.015 |
|
Profit |
111.011 |
60.117 |
112.561 |
|
|
14.63% |
8.73% |
9.90% |
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 |
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10582978 |
27/06/2015 |
150,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH,
6-3-879/B, FIRST FLOOR,, |
C60273158 |
|
2 |
10290697 |
12/05/2014 * |
519,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, #
43-29-54, 1ST FLOOR, BALAJI |
C05734694 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Term Loan |
|
|
|
From Banks |
1.270 |
4.917 |
|
From Other Parties |
19.041 |
13.598 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loan Repayable
on Demand |
|
|
|
Loans and Advances From Related Parties |
0.000 |
2.100 |
|
|
|
|
|
Total |
20.311 |
20.615 |
FINANCIAL
PERFORMANCE :
During the year,
Total revenue from operations and other income Increased from Rs. 700.586
Million in the previous year to Rs. 1154.755 Million. The Company's profit
before tax during the year Increased to Rs. 166.428 Million from Rs. 89.408
Million in the previous year. The Profit after tax stood at Rs. 112.561 Million
as compared to Rs. 60.118 Million in the previous year.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Contingent Liabilities |
|
|
|
Claims
against the company not acknowledged as debt |
0.000 |
0.000 |
|
Guarantees
/ Other money for which the company is contingently liable |
0.000 |
0.000 |
|
Commitments |
|
|
|
Estimated amount of
contracts remaining to be executed on capital account and not provided for |
32.620 |
52.113 |
|
|
|
|
|
Total |
32.620 |
52.113 |
FIXED ASSETS:
Tangible Assets
·
Buildings
·
Plant and Equipment
·
Electricals
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer
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 records 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. 66.81 |
|
|
1 |
Rs. 100.37 |
|
Euro |
1 |
Rs. 70.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.