MIRA INFORM REPORT
|
Report No. : |
355171 |
|
Report Date : |
18.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEHTA TUBES LIMITED |
|
|
|
|
Formerly Known
As : |
MEHTA TUBES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Char Rasta, Nana Pondha, Taluka Dharmpur, District Valsad – 396126,
Gujarat |
|
Tel No.: |
91-2633-250112/ 250113 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
03.06.1988 |
|
|
|
|
Com. Reg. No.: |
04-010794 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.150.304
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109GJ1988PLC010794 |
|
|
|
|
TIN No.: |
Not Available |
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|
|
|
IEC No.: |
0393057577 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCM9377R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Copper
and Brass Pipes, Tubes, Rods and Strips. (Confirmed by
management) |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is established company having satisfactory track record. The rating on company reflects its satisfactory operational profile
marked by its steady growing scale of operation and maintaining good
profitability margin. The rating further takes into consideration on company’s comfortable
financial profile, modest capital base and moderate debt protection metrics. Trade relations seem to be fair. Business is active. Payment terms are
reported as slow. In view of aforesaid, the company can be considered normal for
business dealings at usual trade terms and conditions. Note:- Management of the company has not filed its financial with the
government department for the year 2015. |
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 |
CRISIL |
|
Rating |
Long Term Bank Facilities = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
May 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. Milind Naik |
|
Designation : |
Export Department |
|
Contact No.: |
91-22-43404040 |
|
Date : |
16.12.2015 |
LOCATIONS
|
Registered Office/Factory : |
Char Rasta, Nana Pondha, Taluka Dharmpur, District Valsad – 396126,
Gujarat, India |
|
Tel. No.: |
91-2633-250112/ 250113 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office : |
No. 920-924, Plaza Panchsheel, 9th Floor, No. 55 Huges Road, Near Dharam Palace, Chowpatty, Mumbai -400007, Maharashtra, India |
|
Tel. No.: |
91-22-43404040 |
|
Fax No.: |
91-22-43404050 |
|
E-Mail : |
|
|
|
|
|
Branches: |
Located at:
|
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Mangilal Vacharaj Mehta |
|
Designation : |
Director |
|
Address : |
107-B, Shripal Nagar, Mumbai – 400 006, |
|
Date of Birth/Age : |
14.07.1950 |
|
PAN: |
AACPM0692A |
|
Date of Appointment : |
03.06.1988 |
|
DIN No.: |
02499096 |
|
|
|
|
Name : |
Mr. Rikhabchand Vachraj Mehta |
|
Designation : |
Director |
|
Address : |
107-B, Shripal Nagar, Mumbai – 400 006, |
|
PAN: |
AACPM0691D |
|
Date of Birth/Age : |
12.05.1964 |
|
Date of Appointment : |
03.06.1988 |
|
DIN No.: |
01597368 |
|
|
|
|
Name : |
Mr. Mukesh Mangilal Mehta |
|
Designation : |
Director |
|
Address : |
74, Subhadra Mansion, walkeshwar Road, Mumbai- 400006, Maharashtra,
India |
|
PAN: |
AAEPM5539L |
|
Date of Appointment : |
28.12.2005 |
|
DIN No.: |
01492795 |
|
|
|
|
Name : |
Mr. Sanjay Ramniklal Shah |
|
Designation : |
Director |
|
Address : |
4C, Ridge Apartment, |
|
PAN: |
AACPS2438N |
|
Date of Appointment : |
28.12.2005 |
|
DIN No.: |
02505950 |
|
|
|
|
Name : |
Mr. Amit Vedprakash Gupta |
|
Designation : |
Director |
|
Address : |
B/22,Gurunanak Society, Thane(East), Thane, 400603,
Maharashtra, India |
|
Date of Appointment : |
02.03.2015 |
|
DIN No.: |
07109033 |
|
|
|
|
Name : |
Mr. Sushil Naganath Bhojane |
|
Designation : |
Additional Director |
|
Address : |
Venkatesh Prasad Building, R. No-22, 2nd Floor, N.C.
Kelkar Road, Dadar (W), Mumbai, 400028, Maharashtra, India |
|
Date of Appointment : |
02.03.2015 |
|
DIN No.: |
07109057 |
|
|
|
|
Name : |
Mr. Nishit Shailesh Morakhia |
|
Designation : |
Additional Director |
|
Address : |
1606-B, Chandan Bala,, Walkeshwar Road,, Mumbai, 400006,
Maharashtra, India |
|
Date of Appointment : |
02.03.2015 |
|
DIN No.: |
07109079 |
KEY EXECUTIVES
|
Name : |
Mr. Mukesh Mehta Mangilal |
|
Designation : |
Chief Executive Officer |
|
Address : |
74, Subhadra Mansion, 3 Road Floor, R. No. 6, Walkeshwar Road, Mumbai, 400006, Maharashtra, India |
|
Date of Appointment : |
25/03/2015 |
|
PAN No.: |
AAEPM5539L |
|
|
|
|
Name : |
Mr. Mukesh Mehta Mangilal |
|
Designation : |
Chief Executive Officer |
|
Address : |
B/303, Laxman Tower, Kandarpada,, New Link Road,Dahisar West Dahisar, Mumbai, 400068, Maharashtra, India |
|
Date of Appointment : |
01/02/2015 |
|
PAN No.: |
ACBPP3976D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mangilal V. Mehta |
|
149425 |
|
Rikabchand V. Mehta |
|
190313 |
|
Mukesh M. Mehta |
|
231001 |
|
Ganpat V. Mehta |
|
85900 |
|
Mangilal V. Mehta HUF |
|
10500 |
|
Rikabchand V. Mehta HUF |
|
4200 |
|
Kavita M. Mehta |
|
4987 |
|
Neeru M. Mehta |
|
4672 |
|
Jayaben M. Mehta |
|
14175 |
|
Mahesh M. Mehta |
|
6573 |
|
Anita Mehta |
|
9712 |
|
Urmila R. Mehta |
|
28875 |
|
Piyush S. Vyas |
|
5880 |
|
Sanjay R. Shah |
|
258212 |
|
Vijay B Morakhia |
|
6300 |
|
Dilip S. Shah |
|
17514 |
|
Shailesh K. Shah |
|
27225 |
|
Jayesh B. Morakhia |
|
212100 |
|
Vimlaben K. Shah |
|
5850 |
|
Kamlaben R. Shah |
|
4410 |
|
AMI Impex Company Limited, Japan |
|
101919 |
|
Drishti Shah |
|
123300 |
|
Sujalkumar Kerulbhai Mehta |
|
10799 |
|
Total |
|
1513842 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
6.73 |
|
Directors or relatives of Directors |
93.27 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Copper
and Brass Pipes, Tubes, Rods and Strips. (Confirmed by
management) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Middle East |
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Terms : |
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Selling : |
L/C, Credit and Cheque (30 Days) |
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Purchasing : |
L/C, Credit and Cheque (30 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
25 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Singrodia Goyal and Company Chartered Accountants |
|
Address : |
4A, Kaledonia HDIL, 2nd Floor Sahar Road, Near Andheri Station, Andheri (E) Mumbai 400069, Maharashtra, India |
|
PAN No.: |
AAAFS7106D |
|
|
|
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Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates: |
|
CAPITAL STRUCTURE
As on: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1600000 |
Equity Shares |
Rs.100/- each |
Rs. 160.000 Million |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1503043 |
Equity Shares |
Rs.100/- each |
Rs. 150.304 Million |
|
|
|
|
|
|
|
|
|
|
As on: 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1600000 |
Equity Shares |
Rs.100/- each |
Rs. 160.000 Million |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1513842 |
Equity Shares |
Rs.100/- each |
Rs. 151.384 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 |
150.304 |
42.944 |
42.944 |
|
(b) Reserves & Surplus |
241.621 |
211.738 |
191.193 |
|
(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) |
391.925 |
254.682 |
234.137 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
439.273 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
30.102 |
16.183 |
16.705 |
|
(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) |
469.375 |
16.183 |
16.705 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
387.668 |
293.473 |
393.093 |
|
(b) Trade
payables |
80.900 |
72.352 |
57.866 |
|
(c) Other current
liabilities |
48.134 |
9.477 |
11.947 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
516.702 |
375.302 |
462.906 |
|
|
|
|
|
|
TOTAL |
1378.002 |
646.167 |
713.748 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
629.222 |
147.230 |
155.309 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
168.140 |
26.134 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.126 |
0.139 |
0.139 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
28.441 |
86.233 |
4.484 |
|
(e) Other Non-current
assets |
21.712 |
1.735 |
1.667 |
|
Total Non-Current
Assets |
847.641 |
261.471 |
161.599 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
137.943 |
175.109 |
237.714 |
|
(c) Trade
receivables |
269.792 |
178.530 |
224.835 |
|
(d) Cash
and cash equivalents |
24.324 |
4.961 |
2.254 |
|
(e)
Short-term loans and advances |
53.489 |
6.257 |
87.164 |
|
(f) Other
current assets |
44.813 |
19.839 |
0.182 |
|
Total
Current Assets |
530.361 |
384.696 |
552.149 |
|
|
|
|
|
|
TOTAL |
1378.002 |
646.167 |
713.748 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
767.860 |
790.445 |
804.237 |
|
|
|
|
Other Income |
32.455 |
0.835 |
8.208 |
|
|
|
|
TOTAL (A) |
800.315 |
791.280 |
812.445 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
547.282 |
500.301 |
707.746 |
|
|
|
|
Purchase of Stock-in-trade |
9.021 |
54.950 |
11.184 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
37.926 |
60.524 |
(89.089) |
|
|
|
|
Employee Benefits Expenses |
7.991 |
7.581 |
3.554 |
|
|
|
|
Other Expenses |
113.831 |
110.330 |
110.318 |
|
|
|
|
TOTAL (B) |
716.051 |
733.686 |
743.713 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
84.264 |
57.594 |
68.732 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
23.737 |
17.497 |
19.396 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
60.527 |
40.097 |
49.336 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
16.657 |
12.678 |
12.831 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
43.870 |
27.419 |
36.505 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
13.987 |
6.874 |
11.296 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
29.883 |
20.545 |
25.209 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
117.617 |
97.072 |
71.863 |
||
|
|
|
|
|
|
||
|
|
BALANCE CARRIED
TO THE B/S |
147.500 |
117.617 |
97.072 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
437.498 |
457.118 |
330.049 |
|
|
|
TOTAL EARNINGS |
437.498 |
457.118 |
330.049 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
209.657 |
287.494 |
402.410 |
|
|
|
|
Stores & Spares |
5.756 |
1.852 |
1.490 |
|
|
|
|
capital goods |
95.324 |
0.00 |
0.000 |
|
|
|
TOTAL IMPORTS |
310.737 |
289.346 |
403.900 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
63.50 |
47.84 |
58.70 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
30.773 |
0.000 |
0.000 |
|
Cash generated from operations |
(10.471) |
223.121 |
NA |
|
Net Cash flows from operating activities |
(23.042) |
215.725 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.89 |
2.60 |
3.13 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
10.97 |
7.29 |
8.55 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.63 |
4.42 |
5.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.11 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.19 |
1.15 |
1.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03 |
1.03 |
1.19 |
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 |
42.944 |
42.944 |
150.304 |
|
Reserves & Surplus |
191.193 |
211.738 |
241.621 |
|
Net worth |
234.137 |
254.682 |
391.925 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
439.273 |
|
Short term borrowings |
393.093 |
293.473 |
387.668 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
30.773 |
|
Total borrowings |
393.093 |
293.473 |
857.714 |
|
Debt/Equity ratio |
1.679 |
1.152 |
2.188 |
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 |
804.237 |
790.445 |
767.860 |
|
|
|
(1.715) |
(2.857) |
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 |
804.237 |
790.445 |
767.860 |
|
Profit |
25.209 |
20.545 |
29.883 |
|
|
3.13% |
2.60% |
3.89% |
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 |
Yes |
|
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 |
No |
|
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 |
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Loan and advances from related parties repayable on demand |
254.875 |
153.708 |
|
Others |
|
|
|
Total |
254.875 |
153.708 |
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10572158 |
03/01/2015 |
20,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
GROUND FLOOR, G-34, ADERBAD BUILDING, HUGHES ROAD, Mumbai - 400007, Maharashtra, INDIA |
C55041818 |
|
2 |
10572160 |
03/01/2015 |
130,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
GROUND FLOOR, G-34, ADERBAD BUILDING, HUGHES ROAD, Mumbai - 400007, Maharashtra, INDIA |
C55042626 |
|
3 |
10528882 |
30/07/2014 |
140,000,000.00 |
ING VYSYA BANK LIMITED |
GROUND FLOOR, G-34, ADERBAD BUILDING, HUGHES ROAD, Mumbai - 400007, Maharashtra, INDIA |
C32093346 |
|
4 |
10508745 |
13/11/2014 * |
225,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, Gujarat, INDIA |
C49314479 |
|
5 |
10406784 |
31/12/2012 |
470,800,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, Gujarat, INDIA |
B69095768 |
|
6 |
10406792 |
31/12/2012 |
470,800,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, Gujarat, INDIA |
B69097566 |
* Date
of charge modification
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.66.65 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.72.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KSP |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
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 |
|
43 |
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.