MIRA INFORM REPORT
|
Report No. : |
352690 |
|
Report Date : |
08.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROHA DYE CHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12, |
|
Tel. No.: |
91-22-28271933 |
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|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2015 |
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|
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|
Date of Incorporation
: |
11.08.1972 |
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|
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Com. Reg. No.: |
11-015941 |
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Capital
Investment / Paid-up Capital : |
Rs. 34.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40300MH1972PTC015941 |
|
|
|
|
IEC No.: |
0388017554 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR14793C |
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|
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PAN No.: [Permanent Account No.] |
AAACR4974P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Food Colors, Naturals Colors,
synthetic Dyes. (Confirmed
by management) |
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|
|
|
No. of Employees
: |
400 (Approximately) |
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 |
|
Maximum Credit Limit : |
USD 15000000 |
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|
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1972 having fine track. For the year 2015, the company has achieved decent sales turnover marked by satisfactory profitability margin. Operational performance has improved as compared to previous year. The company possesses healthy financial risk profile marked by sound net worth base, decent cash accruals and favourable gap between trade payables and receivables. Trade relations reported as fair. Business is active. Payments terms are regular and as per commitment. In view of adequate financial base backed by sound business portfolio, 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.
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 |
CRISIL |
|
Rating |
Long term rating: A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
04.09.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
04.09.2015 |
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 PARTED BY
|
Name : |
Mr. Hasmukh Shah |
|
Designation : |
Assistant Finance Manager |
|
Contact No.: |
91-9820207531 |
|
Date : |
04.12.2015 |
LOCATIONS
|
Registered Office : |
12, |
|
Tel. No.: |
91-22-28271933 |
|
Mobile No.: |
91-9820207531 (Mr. Hasmukh Shah) |
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Fax No.: |
91-22-28302531 |
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E-Mail : |
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Website : |
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Factory 1 : |
MIDC, Plot No.
42, Dhatav, Roha, Raigad-402116, Maharashtra, India |
|
Tel. No.: |
91-22-28271933 |
|
Fax No.: |
91-22-28302531/32 |
|
E-mail : |
|
|
Area: |
125 sq. yard |
|
Location : |
Leased |
|
|
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|
Factory 2 /
Corporate Office / Administrative Office : |
JJT House Plot No. A/44-45, Road No. 2, MIDC, Andheri (East), Mumbai-400093, Maharashtra, India |
|
Tel. No.: |
91-22-40773333 |
|
Fax No.: |
91-22-28302531/
32 |
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Area: |
70000 sq. ft. |
|
Location : |
Leased |
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|
|
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Factory 3: |
MIDC, Plot No.123, Dhatav, Roha, Raigad – 402116, Maharashtra, India |
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Regional
Heads: |
Located At:
|
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ramakant Jagdishprasad Tibrewala |
|
Designation : |
Director |
|
Address : |
603/604, Panchsheel, Gokuldham, Goregaon (East), Mumbai - 400063, Maharashtra, India |
|
Date of Birth/Age : |
21.09.1956 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
06.08.1979 |
|
PAN No. : |
ACDPT3596K |
|
DIN No.: |
01237898 |
|
|
|
|
Name : |
Mr. Srikant Jagdishprasad Tibrewala |
|
Designation : |
Director |
|
Address : |
504, Panchsheel Gokuldham, Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
Date of Birth/Age : |
18.06.1962 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
19.07.9182 |
|
PAN No. : |
AABPT3052A |
|
DIN No.: |
00197891 |
|
|
|
|
Name : |
Mr. Mahesh Ramakant Tibrewala |
|
Designation : |
Director |
|
Address : |
603/604, Panchsheel, Gokuldham, Goregaon (East), Mumbai - 400063, Maharashtra, India |
|
Date of Birth/Age : |
28.10.1986 |
|
Date of Appointment : |
31.08.2011 |
|
DIN No.: |
01342061 |
|
|
|
|
Name : |
Mr. Deepesh Shrikant Tibrewala |
|
Designation : |
Director |
|
Address : |
504, Panchsheel, Gokuldham, Goregaon (East), Mumbai - 400063, Maharashtra, India |
|
Date of Birth/Age : |
13.11.1986 |
|
Date of Appointment : |
31.08.2011 |
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DIN No.: |
01342101 |
|
|
|
|
Name : |
Mr. Brijesh Ramakant Tiberwala |
|
Designation : |
Director |
|
Address : |
603/604, Panchsheel, Gokuldham, Goregaon (East), Mumbai - 400063, Maharashtra, India |
|
Date of Birth/Age : |
25.10.1983 |
|
Date of Appointment : |
31.08.2011 |
|
PAN No. : |
ACOPT5814D |
|
DIN No.: |
02276831 |
|
|
|
|
Name : |
Mr. Anil Avtarkrishan Sekhri |
|
Designation : |
Additional director |
|
Address : |
23-A, Krishna Kunj, Opposite Millat Nagar, Off. New Link Road, Andheri - (West), Mumbai - 400053, Maharashtra, India |
|
Date of Appointment : |
15.10.2015 |
|
DIN No.: |
00506790 |
KEY EXECUTIVES
|
Name : |
Mr. Hasmukh Shah |
|
Designation : |
Assistant Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders (Ordinary Equity Share) |
|
No. of Shares |
|
Shrikant
Tibrewala |
|
11640 |
|
Ramakant
Tibrewala |
|
48598 |
|
Sushma Tibrewala |
|
34370 |
|
Mahesh Tibrewala |
|
33000 |
|
Brijesh Tibrewala |
|
36960 |
|
Haresh Tibrewala |
|
11000 |
|
Brijesh Ramakant
Tobrewala HUF |
|
29302 |
|
Annapurna
Tibrewala |
|
16720 |
|
Deepesh Tibrewala |
|
11066 |
|
Deepesh Shrikant
HUF |
|
12244 |
|
Jagdish Prasad
Ramakant HUF |
|
100 |
|
TOTAL
[1] |
|
245000 |
|
|
|
|
|
Names of Shareholders (Class A- Equity Share) |
|
No. of Shares |
|
Shrikant
Tibrewala |
|
3516 |
|
Ramakant
Tibrewala |
|
14679 |
|
Sushma Tibrewala |
|
10381 |
|
Mahesh Tibrewala |
|
9967 |
|
Brijesh Tibrewala |
|
11164 |
|
Haresh Tibrewala |
|
3323 |
|
Brijesh Ramakant
HUF |
|
8850 |
|
Annapurna
Tibrewala |
|
5050 |
|
Deepesh Tibrewala |
|
3342 |
|
Deepesh Shrikant
HUF |
|
3698 |
|
Jagdish Prasad
Ramakant HUF |
|
30 |
|
Ajay Devgan |
|
22000 |
|
Kumar Mangat Pathak |
|
4000 |
|
TOTAL
[2] |
|
100000 |
|
|
|
|
|
TOTAL [1+2] |
|
345000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
92.46 |
|
Other top fifty shareholders |
7.54 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Food Colors, Naturals Colors,
synthetic Dyes. (Confirmed
by management) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Good |
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Countries : |
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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, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and Manufacturer
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No. of Employees : |
400 (Approximately) |
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Bankers : |
|
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Auditors : |
|
|
Name : |
BBSR and Company Chartered Accountants |
|
Address : |
703, 7th Floor, Godrej Castlemaine, Next to Ruby Hall Clinic, Bund Garden Road, Pune – 411001, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAKFB4397F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.34.500
Million
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
34.500 |
34.500 |
34.500 |
|
(b) Reserves & Surplus |
5382.821 |
4925.168 |
3163.013 |
|
(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) |
5417.321 |
4959.668 |
3197.513 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2746.431 |
2667.634 |
2866.103 |
|
(b) Deferred tax liabilities
(Net) |
315.893 |
439.305 |
340.062 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.199 |
1.061 |
1.593 |
|
Total
Non-current Liabilities (3) |
3063.523 |
3108.000 |
3207.758 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1757.951 |
1971.066 |
1473.923 |
|
(b) Trade payables |
754.223 |
767.786 |
544.227 |
|
(c) Other current liabilities |
723.785 |
1050.545 |
574.199 |
|
(d) Short-term provisions |
233.865 |
60.517 |
48.482 |
|
Total
Current Liabilities (4) |
3469.824 |
3849.914 |
2640.831 |
|
|
|
|
|
|
TOTAL |
11950.668 |
11917.582 |
9046.102 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4740.792 |
5063.415 |
3779.625 |
|
(ii) Intangible Assets |
4.506 |
7.422 |
10.292 |
|
(iii) Capital work-in-progress |
319.238 |
333.019 |
184.141 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1539.618 |
1152.837 |
1108.793 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1884.999 |
1972.467 |
1145.845 |
|
(e) Other Non-current assets |
164.379 |
47.518 |
398.369 |
|
Total
Non-Current Assets |
8653.532 |
8576.678 |
6627.065 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
14.768 |
15.774 |
14.430 |
|
(b) Inventories |
1134.023 |
911.157 |
768.800 |
|
(c) Trade receivables |
1522.143 |
1639.027 |
1419.245 |
|
(d) Cash and cash equivalents |
474.137 |
629.662 |
47.869 |
|
(e) Short-term loans and advances |
121.638 |
128.861 |
152.989 |
|
(f) Other current assets |
30.427 |
16.423 |
15.704 |
|
Total
Current Assets |
3297.136 |
3340.904 |
2419.037 |
|
|
|
|
|
|
TOTAL |
11950.668 |
11917.582 |
9046.102 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
5298.327 |
4779.080 |
|
|
|
Other Income |
295.754 |
156.301 |
|
|
|
TOTAL
(A) |
5594.081 |
4935.381 |
4538.695 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
2598.247 |
2357.378 |
|
|
|
Purchases of Stock-in-Trade |
24.564 |
4.013 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(153.836) |
(163.370) |
|
|
|
Employees benefits expense |
268.936 |
247.080 |
|
|
|
Operating and Other expenses |
1343.488 |
1197.500 |
|
|
|
TOTAL
(B) |
4081.399 |
3642.601 |
4266.705 (Including
Financial Expenses and Depreciation) |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
1512.682 |
1292.780 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
436.233 |
379.510 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1076.449 |
913.270 |
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
685.803 |
596.055 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
390.646 |
317.215 |
271.990 |
|
|
|
|
|
|
|
Less |
TAX (H) |
(73.928) |
104.025 |
300.528 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
464.574 |
213.190 |
(28.538) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. value of exports |
NA |
NA |
2720.974 |
|
|
Freight and insurance recovered |
NA |
NA |
59.137 |
|
|
Other Earnings |
NA |
NA |
22.507 |
|
|
TOTAL
EARNINGS |
NA |
NA |
2802.618 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
NA |
1217.007 |
|
|
Spares, accessories, components etc. |
NA |
NA |
2.284 |
|
|
Capital Goods |
NA |
NA |
1.750 |
|
|
Others |
NA |
NA |
41.469 |
|
|
TOTAL
IMPORTS |
NA |
NA |
1262.510 |
|
|
|
|
|
|
|
|
Basic
and diluted earnings per ordinary equity share of face value of Rs.100 each
(In Rs.) |
1595.28 |
797.38 |
|
|
Basic and diluted
earnings per class A equity share of face value of Rs.100 each (In Rs.) |
737.31 |
178.32 |
Expected Sales (2015-2016) : Rs.6500.000 Million
The above information has been parted by Mr. Hasmukha Shah
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
356.445 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
119.480 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
8.77 |
4.46 |
-0.63 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
28.55 |
27.05 |
5.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.87 |
3.04 |
3.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.06 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.83 |
0.94 |
1.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95 |
0.87 |
0.92 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
34.500 |
34.500 |
34.500 |
|
Reserves & Surplus |
3163.013 |
4925.168 |
5382.821 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3197.513 |
4959.668 |
5417.321 |
|
|
|
|
|
|
long-term borrowings |
2866.103 |
2667.634 |
2746.431 |
|
Short term borrowings |
1473.923 |
1971.066 |
1757.951 |
|
Total
borrowings |
4340.026 |
4638.700 |
4504.382 |
|
Debt/Equity
ratio |
1.357 |
0.935 |
0.831 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
4538.695 |
4935.381 |
5594.081 |
|
|
|
8.740 |
13.346 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
4538.695 |
4935.381 |
5594.081 |
|
Profit |
(28.538) |
369.491 |
760.328 |
|
|
(0.63%) |
7.49% |
13.59% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
10484722 |
01/09/2014 * |
200,000,000.00 |
YES BANK LIMITED |
NEHRU CENTRE, 9TH FLOOR,
DISCOVERY OF INDIA,, DR. |
C34860361 |
|
2 |
10459672 |
14/10/2013 |
300,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPUR,,
KOLHAPUR, MAHARASHTRA - 41600 |
B89333207 |
|
3 |
10463420 |
23/03/2015 * |
1,650,700,000.00 |
IL & FS TRUST COMPANY LIMITED |
IL & FS
FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA |
C50175355 |
|
4 |
10461951 |
04/10/2013 |
350,000,000.00 |
INDUSIND BANK LTD. |
INDUSIND HOUSE,
425, D.B. MARG,, OPERA HOUSE, MUM |
B90249186 |
|
5 |
10424832 |
01/09/2014 * |
200,000,000.00 |
INDUSIND BANK LTD. |
2401 GEN THIMMAYYA ROAD,
CONTONMENT, PUNE, MAHARA |
C32449316 |
|
6 |
10318744 |
04/11/2011 |
210,000,000.00 |
THE SARASWAT COOPERATIVE BANK LTD |
SME VILE PARLE
BRANCH, BHOLANATH CO-OP HSG SOC, S |
B25705856 |
|
7 |
10298965 |
30/01/2012 * |
2,660,291,220.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND
FLOOR, 17, R.KAMANI MARG,, BA |
B31074321 |
|
8 |
10286852 |
16/05/2011 |
200,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
B12794152 |
|
9 |
10058230 |
01/09/2014 * |
1,000,000,000.00 |
BANK OF INDIA |
ANDHERI MID
CORPORATE BRANCH, M.D.I BUILDING,, 28 |
C29156130 |
|
10 |
80006638 |
17/06/2006 * |
300,000.00 |
BANK OF INDIA |
SION BRANCH, 29,
AMBA BHAVAN,, SION CIRCLE, MUMBA |
- |
* Date of charge modification
FIXED ASSETS
- Plant and Machinery
- Equipments
- Vehicles
- Computer Software
- Storage Tanks
- Land wind mill
- Electrical installation
- Furniture and fixtures
- Data processing equipments
- Laboratory instruments
- Effluent plants
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 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.66.63 |
|
UK Pound |
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.72.40 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.