MIRA INFORM REPORT
|
Report No. : |
307316 |
|
Report Date : |
11.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
KLOECKNER DESMA MACHINERY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 53, Madhuban, Near Madalpur, Under |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
25.04.1995 |
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Com. Reg. No.: |
04-25601 |
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Capital
Investment / Paid-up Capital : |
Rs.90.000 Millions |
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|
|
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CIN No.: [Company Identification
No.] |
U28999GJ1995FTC025601 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMK00539A |
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|
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PAN No.: [Permanent Account No.] |
AAACK8768N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturers and Sellers of Injection Moulding Machines, Rubber
Moulding Machines, Unit Sole Machines, Shoe Soling Machines and Moulds. |
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|
|
|
No. of
Employees: |
93 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
PStatus : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Financial position of the company seems to be decent. Trade relation are reported to be fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered for business dealing at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 : |
Mr. Hitesh Gagetiya |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-79-66190000 |
|
Date : |
10.02.2015 |
LOCATIONS
|
Registered Office : |
No. 53, Madhuban, Near Madalpur, Under |
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Tel. No.: |
91-79-26440331 |
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Fax No.: |
91-79-26421324 |
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E-Mail : |
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Website : |
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Factory : |
Plot No. 10, Road No. 1, GIDC, Kathwada, Torrent Power
Substalien, Ahmedabad – 382445, |
|
Tel. No.: |
91-79-22901782/ 66190000 |
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Fax No.: |
91-79-22901785 |
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Area : |
2200 Sq. Mtr. |
|
Location : |
Leased |
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|
|
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Branch Office : |
Pune "B-106, 1st Floor, Jay Ganesh Vision (Multiplex),
Akurdi, Pune-410033, Maharashtra, India Phone : 91 20
27442717 E-mail : klocknerwest@vsnl.net
, desmapune@desmaindia.com 14, Ground Floor, World
Trade Centre, Connaught Place, New Delhi-110001, India Phone : 91 11 23411162 / 5152 8152 Fax: 91 11 23411161 E-mail: klockner@bol.net.in , desmadelhi@desmaindia.com Chennai Old no.99 / New no. 145, Vardammal Garden 3rd Street,
Barraca Road, Kilpauk, Chennai-600010, Tamilnadu, India Tel/Fax : 91 44
26651720 E-mail :desmachennai@dataone.in |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Mahendra Narsinhbhai Patel |
|
Designation : |
Managing Director |
|
Address : |
15, Kairavi Bunglows, Near Sarathi Hotel,
Bodekdev, Ahmedabad – 380054, |
|
Date of Birth/Age : |
17.01.1949 |
|
Qualification : |
M. Sc [Indl. Engg. and Admn.] From U.K. |
|
Date of Appointment : |
25.04.1995 |
|
Din No.: |
00104997 |
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|
|
|
Name : |
Mr. Arun Bhaskerrai Mankodi |
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Designation : |
Whole Time Director |
|
Address : |
Plot C-7, Near Railway Crossing, Ahmedabad
– 380 059, Gujarat, India |
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Date of Birth/Age : |
18.05.1960 |
|
Date of Appointment : |
01.11.2010 |
|
Din No.: |
00706411 |
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|
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|
Name : |
Mr. Martin Schuermann |
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Designation : |
Director |
|
Address : |
Hohenstrabe 16, Stockach – 78333, |
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Date of Birth/Age : |
10.07.1962 |
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Date of Appointment : |
23.05.2007 |
|
Din No.: |
01555057 |
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|
|
|
Name : |
Mr. Roland Flach |
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Designation : |
Director |
|
Address : |
Hohenstr 30, Kronberg Taunus - 61476 |
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Date of Birth/Age : |
31.10.1944 |
|
Date of Appointment : |
14.03.2011 |
|
Date of Cessation : |
26.03.2014 |
|
Din No.: |
02591593 |
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|
|
|
Name : |
Herald H. Zebedin |
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Designation : |
Director |
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Address : |
Rose Eggerweg 86, Graz – 8044, Austria |
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Date of Birth/Age : |
26.04.1967 |
|
Date of Appointment : |
24.09.2012 |
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Din No.: |
05326231 |
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|
|
|
Name : |
Matthias Niemeyer |
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Designation : |
Director |
|
Address : |
Pelikanstr 57, Hannover - 30177 |
|
Date of Birth/Age : |
19.05.1967 |
|
Date of Appointment : |
30.09.2014 |
|
Din No.: |
02855100 |
KEY EXECUTIVES
|
Name : |
Mr. Hardik H. Darji s |
|
Designation : |
Secretary |
|
Address : |
A/4, Silver Coin Apartment, Opposite Judges Bunglows, Bodakdev
Satellite, Ahmedabad-380015, Gujarat, India |
|
Date of Birth/Age : |
19.05.1983 |
|
Date of Appointment : |
01.01.2012 |
|
Date of Cessation : |
02.07.2014 |
|
Pan No.: |
AYJPD3224A |
|
Name : |
Mr. Hitesh Gagetiya |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Kloeckner Desma Elastomertechnik GmbH, Germany |
|
8999991 |
|
Salzgitter Kloeckner Werke GmbH, Germany |
|
9 |
|
|
|
|
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TOTAL
|
|
9000000 |
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Sellers of Injection Moulding Machines, Rubber
Moulding Machines, Unit Sole Machines, Shoe Soling Machines and Moulds. |
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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 : |
Germany |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
LC and Credit |
GENERAL INFORMATION
|
Supplier : |
Bachmann Electronics GmbH |
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Customers : |
End Users Bins SA (Sputh Africa) |
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No. of Employees : |
93 [Approximately] |
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Bankers : |
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Facilities : |
Cash Credit : Rs.20.000 Millions
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Price Water House Chartered Accountant |
|
Address : |
1st Floor, President Plaza, Opp. Muktidham Derasar, S.G. Highway, Thaltej, Ahmedabad, Gujarat, India |
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PAN No: |
AAEFP3641G |
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Holding Company : |
Kloeckner Desma Elastomertechnik Gmbh |
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Fellow Subsidiaries
: |
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|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives: |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity Shares |
Rs.10/- each
|
Rs.90.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
90.000 |
90.000 |
90.000 |
|
(b) Reserves & Surplus |
386.238 |
336.165 |
265.568 |
|
(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) |
476.238 |
426.165 |
355.568 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
1.943 |
13.672 |
94.211 |
|
(b) Deferred tax
liabilities (Net) |
7.071 |
7.314 |
6.982 |
|
(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) |
9.014 |
20.986 |
101.193 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
1.634 |
|
(b)
Trade payables |
68.564 |
78.501 |
103.445 |
|
(c)
Other current liabilities |
88.639 |
113.784 |
130.920 |
|
(d)
Short-term provisions |
23.131 |
30.551 |
28.661 |
|
Total
Current Liabilities (4) |
180.334 |
222.836 |
264.660 |
|
|
|
|
|
|
TOTAL |
665.586 |
669.987 |
721.421 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
232.438 |
241.664 |
241.964 |
|
(ii)
Intangible Assets |
1.443 |
2.053 |
3.344 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(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 |
25.946 |
21.575 |
22.009 |
|
(e)
Other Non-current assets |
14.613 |
20.133 |
17.454 |
|
Total
Non-Current Assets |
274.440 |
285.425 |
284.771 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
131.480 |
162.276 |
61.771 |
|
(b)
Inventories |
132.010 |
140.283 |
177.534 |
|
(c)
Trade receivables |
72.227 |
52.815 |
94.673 |
|
(d)
Cash and cash equivalents |
30.238 |
9.370 |
76.567 |
|
(e)
Short-term loans and advances |
23.631 |
19.041 |
26.025 |
|
(f)
Other current assets |
1.560 |
0.777 |
0.080 |
|
Total
Current Assets |
391.146 |
384.562 |
436.650 |
|
|
|
|
|
|
TOTAL |
665.586 |
669.987 |
721.421 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
645.863 |
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
681.730 |
645.863 |
744.904 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
570.709 |
509.998 |
590.184 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) I |
111.021 |
135.865 |
154.720 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.609 |
3.262 |
5.879 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) I |
109.412 |
132.603 |
148.841 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
26.122 |
24.399 |
23.629 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
83.290 |
108.204 |
125.212 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
27.953 |
32.343 |
34.584 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
55.337 |
75.861 |
90.628 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
336.165 |
265.568 |
180.170 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
4.500 |
4.500 |
4.500 |
|
|
|
Tax on Dividend |
0.765 |
0.765 |
0.730 |
|
|
BALANCE CARRIED
TO THE B/S |
386.237 |
336.165 |
265.568 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
269.172 |
192.533 |
180.170 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
6.15 |
8.43 |
10.07 |
|
Expected Sales ( 2014-2015 ) : Rs.700.000 Millions
The above information has been parted by Mr. Hiteh Gagetia.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
8.12 |
11.75 |
12.17 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
16.29 |
21.04 |
20.77 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.51 |
16.15 |
17.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.25 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.03 |
0.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.17 |
1.73 |
1.65 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
90.000 |
90.000 |
90.000 |
|
Reserves & Surplus |
265.568 |
336.165 |
386.238 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
355.568 |
426.165 |
476.238 |
|
|
|
|
|
|
long-term borrowings |
94.211 |
13.672 |
1.943 |
|
Short term borrowings |
1.634 |
0.000 |
0.000 |
|
Total borrowings |
95.845 |
13.672 |
1.943 |
|
Debt/Equity ratio |
0.270 |
0.032 |
0.004 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
744.904 |
645.863 |
681.730 |
|
|
|
(13.296) |
5.553 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
744.904 |
645.863 |
681.730 |
|
Profit |
90.628 |
75.861 |
55.337 |
|
|
12.17% |
11.75% |
8.12% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES OF LONG TERM
DEBT:
|
Particulars |
31.03.2014 [Rs. in millions] |
31.03.2013 [Rs. in millions] |
31.03.2012 [Rs. in millions] |
|
|
|
|
|
|
Current
Maturities of Long Term Debt |
24.788 |
33.953 |
40.629 |
|
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 |
Yes |
|
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 three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
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 |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10542261 |
06/09/2014 |
4,750,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Guj |
C40062143 |
|
2 |
10272671 |
17/01/2014 * |
30,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Guj |
B96368469 |
|
3 |
10272823 |
28/12/2010 |
50,000,000.00 |
ICICI BANK LIMITED |
9TH FLOOR, JMC HOUSE BRANCH, AMBAWADI, AHMEDABAD, |
B04781167 |
|
4 |
90094958 |
03/02/1997 |
632,000.00 |
ANZ GRINDLAYS BANK LTD. |
2702 D.N. ROAD; POST BOX 48, FORT, BOMBAY, Mahara |
- |
* Date of charge modification
BACKGROUND:
The company is a 100% owned subsidiary of Kloeckner Desma Elastomertechnic GmbH, a Salzgitter Group Company. Vertical Injection Moulding machines with clamping forces up to 400 tons are produced at DESMA - India. Several service technicians take care of this market and guarantee an on-site supply of spares. DESMA - India is also licensed to export to Thailand, Malaysia, Vietnam, UAE & SAARC Countries. It commenced its operation from 1996 in the industrial city of Ahmedabad. Desma manufactures the state-of-the-art Rubber Injection Moulding Machines, Moulds, Presses and Turnkey Projects.
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 [Rs.
in Millions] |
As
on 31.03.2013 [Rs.
in Millions] |
|
Long Term Borrowings |
|
|
|
Intercorporate borrowings |
0.000 |
13.057 |
|
TOTAL
|
0.000 |
13.057 |
FIXED ASSETS:
Tangible Assets
v
v Plant and Machinery
v Patterns and Dies
v Furniture and Fixtures
v Office Equipment
v Computers
v Vehicles
Intangible Assets
v 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.61.96 |
|
|
1 |
Rs.94.41 |
|
Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.