MIRA INFORM REPORT
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Report No. : |
309201 |
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Report Date : |
24.02.2015 |
IDENTIFICATION DETAILS
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Name : |
OVERSEAS POLYMERS PRIVATE LIMITED (w.e.f.20.02.2001) |
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Formerly Known
As : |
VINMAR POLYMERS PRIVATE LIMITED |
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Registered
Office : |
901, Ackruti Star, Central Road, MIDC, Andheri (East), Mumbai – 400093, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
03.08.1995 |
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Com. Reg. No.: |
11-091368 |
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Capital
Investment / Paid-up Capital : |
Rs.30.640
Millions |
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CIN No.: [Company Identification
No.] |
U25209MH1995PTC091368 |
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IEC No.: |
0395038286 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMV04824B |
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PAN No.: [Permanent Account No.] |
AAACV1895M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Importer and Distributor of Polymers, Specialty Polymers, Master
Batch, chemicals, Drum chemicals and Rubbers. |
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No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (53) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 is a well-established company having fine track record. Financial position of the company seems to be good. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitments. The company can be considered 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
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Rating |
Long term bank facilities = A- |
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Rating Explanation |
Have adequate degree of safety and carry low credit risk |
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Date |
10.12.2014 |
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Rating Agency Name |
CARE |
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Rating |
Short term bank facilities = A2+ |
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Rating Explanation |
Have strong degree of safety and carry low credit risk. |
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Date |
10.12.2014 |
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. Anish Purohit |
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Designation : |
Assistant Manager – finance |
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Contact No.: |
91-8879448377 |
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Date : |
23.02.2015 |
LOCATIONS
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Registered Office/ Factory : |
901, Ackruti Star, Central Road, MIDC, Andheri (East), Mumbai – 400093, Maharashtra, India |
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Tel. No.: |
91-22-33051900 |
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Mobile No.: |
91-8879448377 (Mr. Anish Purohit) |
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Fax No.: |
91-22-33051900/ 28200022 |
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E-Mail : |
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Website : |
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Area : |
12,500 Sq. ft. |
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Location : |
Rented |
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Corporate Office
: |
Vinmar Houston, 396 W. Greens Road, Suite 300 |
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Tel. No.: |
713 775 - 1300/ 1399/ 1390 |
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Branch Office 1: |
7-4-42(4), 1st Floor, Chettivanipalem, Autonagar, Gajuwaka,
Visakhapatnam – 530012, Andhra Pradesh, India |
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Branch Office 2: |
A-41, Vinmar House, A-41, M.I.D.C Road No.2, Andheri (East), Mumbai – 400093, Maharashtra, India |
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Tel No.: |
91-22-66921201/ 67141905 |
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Fax No.: |
91-22-28365847 |
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Warehouse : |
Behind Maya Shree Compound, Godown No 6B, Sur 194, Hissa 3, Purna, Bhiwandi, Thane, Maharashtra, India |
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Administrative Office : |
Office No.15, 2nd Floor, Neelam Complex, Plot No.298, Ward
No.12/B, Gandhidham – 370201, Gujarat, India |
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Tel No.: |
91-2836-226097 |
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Branch Office : |
Also located at: ¨ Delhi ¨ Mumbai (Andheri)
¨ Andhra Pradesh ¨ Chennai ¨ Ahmedabad ¨ Pune ¨ Surat ¨ Hyderabad |
DIRECTORS
As on 20.09.2014
|
Name : |
Mr. Himanshu Kantilal Sanghvi |
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Designation : |
Director |
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Address : |
403 and 405, Ashish, |
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Date of Birth/Age : |
30.12.1966 |
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Qualification : |
B.Com |
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Date of Appointment : |
03.08.1995 |
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PAN No.: |
AABPS7888M |
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DIN No.: |
00362709 |
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Name : |
Mr. Ranjit Purshotamdas Isher |
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Designation : |
Director |
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Address : |
32, Dhawalgiri Off Film City Road, Megh Malhar Complex, Dindoshi,
Goregaon (East) Mumbai 400063, Maharashtra, India |
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Date of Birth/Age : |
15.01.1969 |
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Date of Appointment : |
30.09.2010 |
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DIN No.: |
00881262 |
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Name : |
Mr. Surendra Lavti |
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Designation : |
Executive Director |
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Date of Birth/Age : |
55 Years |
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Qualification : |
CA |
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Experience : |
30 years |
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Date of Appointment : |
01.08.2011 |
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DIN No.: |
05148250 |
KEY EXECUTIVES
|
Name : |
Mr. Anish Purohit |
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Designation : |
Assistance Finance Manager |
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Name : |
Mr. Sunil Shah |
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Designation : |
Finance Head |
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Name : |
Mr. Nilesh Gunventilal Shah |
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Designation : |
Company Secretary |
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Name : |
Mr. B. Trivedi |
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Designation : |
Export Import Executive |
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Name : |
Mr. Piyush Gala |
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Designation : |
Business Head PVC and Rubber |
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Date of Birth/Age : |
39 Years |
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Qualification : |
B.E. (Chemicals) |
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Date of Appointment : |
01.07.2011 |
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Name : |
Mr. Kalpesh Dalal |
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Designation : |
Business Head PE and PP |
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Date of Birth/Age : |
38 years |
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Qualification : |
B. Tech Polymers, MBA – Marketing |
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Date of Appointment : |
01.12.2006 |
MAJOR SHAREHOLDERS
As on 20.09.2014
|
Names of Shareholders |
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No. of Shares |
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Himanshu Kantilal Sanghvi |
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14500 |
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Vaishali Himanshu Sanghvi |
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14500 |
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Vinmar Offshore Finance Limited – British Westindies |
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2871000 |
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APG Chemie (India) Private Limited – India |
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20850 |
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APG Capital Market Limited – India
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|
143150 |
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Total |
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3064000 |
As on 20.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
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Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
93.70 |
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Bodies corporate |
5.35 |
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Directors or relatives of Directors |
0.95 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Importer and Distributor of Polymers, Specialty Polymers, Master
Batch, chemicals, Drum chemicals and Rubbers. |
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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 : |
Not Divulged |
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Imports : |
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Products : |
Polymers and Chemicals |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit (30/60 90/ Days) |
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Purchasing : |
L/C, Cash and Credit (30/60 90/ Days) |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
120 (Approximately) |
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Bankers : |
· Corporation Bank Amboli Branch, Andheri (West), Mumbai, Maharashtra, India · Corporation Bank Bangalore Branch Office, Karnataka, India Tel. No.:91-824-2426416 · Corporation Bank Mumbai Oversea Branch, 1st Floor, Earnest House, Nariman Point, Mumbai – 400 021, Maharashtra, India · The Hong Kong and Shanghai Banking Corporation Limited 52/60, Mahatma Gandhi Road, Fort, Mumbai – 400001, Maharashtra, India. · HSBC Bank Fort, Mumbai, Maharashtra, India · Axis Bank Limited Fort Branch, Sir P.M. Road, Fort, Mumbai – 400001, Maharashtra, India · Axis Bank Limited Corporate Banking Branch, Axis House, Ground Floor, Wadia International Center, P.B. Marg, Worli, Mumbai - 400025, Maharashtra, India · Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India, Dr. Annie
Besant Road, Worli, Mumbai - 400018, Maharashtra, India
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Facilities : |
(Rs.
In Millions)
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Auditors : |
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Name : |
S. S. Kothari and Company Chartered Accountants |
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Address: |
37, Hamam Street, 2nd Floor, Fort, Mumbai – 400001, Maharashtra, India. |
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Tel No.: |
91-22-22650264/ 22653555/ 22666219 |
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Fax No.: |
91-22-22654370 |
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Email : |
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PAN No.: |
AAAFS0524M |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
· Vinmar Offshore Finance Limited, British Westindies |
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Associates: |
· GRSC Infotech Private Limited ·
Vinmar Petrochemicals ( · Indian Petrovin Limited · Vinmar International Limited · Vinmar Overseas Limited · Vinmar India Private Limited · Vinmar Chemicals and Polymers B.V. · Vinmar International FZE |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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3064000 |
Equity Shares |
Rs.10/- each |
Rs. 30.640
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
30.640 |
30.640 |
30.640 |
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(b) Reserves & Surplus |
1266.735 |
922.396 |
840.277 |
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(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
1297.375 |
953.036 |
870.917 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
0.732 |
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(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
0.000 |
0.000 |
0.732 |
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(4) Current Liabilities |
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|
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(a) Short term borrowings |
1178.148 |
1271.374 |
1078.965 |
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(b) Trade payables |
3428.343 |
2501.038 |
1930.273 |
|
(c) Other current liabilities |
77.521 |
62.778 |
55.716 |
|
(d) Short-term provisions |
123.690 |
60.948 |
68.200 |
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Total
Current Liabilities (4) |
4807.702 |
3896.138 |
3133.154 |
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TOTAL |
6105.077 |
4849.174 |
4004.803 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
|
|
|
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(i) Tangible assets |
32.931 |
25.589 |
26.475 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.001 |
0.001 |
0.001 |
|
(c) Deferred tax assets (net) |
16.558 |
10.539 |
7.258 |
|
(d) Long-term Loan and Advances |
24.783 |
17.779 |
9.624 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
74.273 |
53.908 |
43.358 |
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(2) Current assets |
|
|
|
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(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2052.841 |
1789.998 |
2094.349 |
|
(c) Trade receivables |
3280.425 |
2759.680 |
1761.495 |
|
(d) Cash and cash equivalents |
356.302 |
25.081 |
9.496 |
|
(e) Short-term loans and
advances |
341.236 |
220.507 |
96.105 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
6030.804 |
4795.266 |
3961.445 |
|
|
|
|
|
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TOTAL |
6105.077 |
4849.174 |
4004.803 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES
(Approximately) |
19310.000 |
15330.000 |
NA |
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Less |
EXPENSES |
NA |
NA |
NA |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
530.919 |
335.900 |
296.697 |
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Less/
Add |
DEPRECIATION/
AMORTISATION |
5.252 |
4.044 |
3.622 |
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PROFIT/
(LOSS) BEFORE TAX |
525.667 |
331.856 |
293.075 |
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Less |
TAX |
181.328 |
107.295 |
96.83 |
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PROFIT/
(LOSS) AFTER TAX |
344.339 |
224.561 |
196.245 |
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EARNINGS
IN FOREIGN CURRENCY |
24.139 |
36.634 |
36.888 |
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IMPORTS |
|
|
|
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|
Raw Materials |
0.000 |
16027.656 |
9621.293 |
|
|
TOTAL
IMPORTS |
0.000 |
16027.656 |
9621.293 |
|
|
|
|
|
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|
Earnings
/ (Loss) Per Share (Rs.) |
112.38 |
73.29 |
64.05 |
Expected Sales (2014-2015) : Rs.22000.000 Millions
The above information has been parted by Mr. Anish Purohit.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.63 |
6.86 |
7.33 |
|
|
|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.41 |
0.35 |
0.34 |
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|
Debt Equity Ratio (Total Debt /Networth) |
|
0.91 |
1.33 |
1.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.23 |
1.26 |
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 |
30.640 |
30.640 |
30.640 |
|
Reserves & Surplus |
840.277 |
922.396 |
1266.735 |
|
Net
worth |
870.917 |
953.036 |
1297.375 |
|
|
|
|
|
|
long-term borrowings |
0.732 |
0.000 |
0.000 |
|
Short term borrowings |
1078.965 |
1271.374 |
1178.148 |
|
Total
borrowings |
1079.697 |
1271.374 |
1178.148 |
|
Debt/Equity
ratio |
1.240 |
1.334 |
0.908 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
Current Maturities of Long Term Debts |
0.307 |
0.733 |
0.736 |
|
|
|
|
|
|
Total |
0.307 |
0.733 |
0.736 |
|
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 two 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 |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10376235 |
12/09/2012 |
150,000,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B57997728 |
|
2 |
10369155 |
12/07/2012 |
300,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B45126836 |
|
3 |
10112357 |
12/12/2011 * |
500,000,000.00 |
CORPORATION BANK |
MUMBAI OVERSEAS
BRANCH, 1ST FLOOR, EARNEST HOUSE, NARIMAN POINT, MUMBAI, MAHARASHTRA -
400021, INDIA |
B30007264 |
|
4 |
10102008 |
21/09/2012 * |
1,450,000,000.00 |
AXIS BANK
LIMITED |
CORPORATE BANKING
BRANCH, AXIS HOUSE, GR. FLOOR, WADIA INTERNATIONAL CENTER, P.B. MARG, WORLI,
MUMBAI, MAHARASHTRA - 400025, INDIA |
B58339672 |
|
5 |
90354245 |
31/12/2009 * |
700,000,000.00 |
THE HONGKONG
& SHANGHAI BANKING CORPORATION LIMITED |
52/60, MAHATMA GANDHI
ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A76739986 |
|
6 |
90364124 |
20/01/2000 * |
110,000,000.00 |
CORPORATION BANK |
OVERSEAS BRANCH,
EARNEST BRANCH; NARIMAN POINT, MUMBAI, MAHARASHTRA, INDIA |
- |
|
7 |
90363887 |
09/02/1996 |
286,000.00 |
THE HONGKONG
& SHANGHAI BANKING CORPORATION |
SADAM SERVICE
CENTRE, WORLI, MUMBAI, MAHARASHTRA, |
- |
* Date of charge modification
FIXED ASSETS:
· Building
· Furniture and Fixture
· Vehicles
· Motor Vehicle
· Computers
· Office Equipment
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.62.18 |
|
|
1 |
Rs.95.71 |
|
Euro |
1 |
Rs.70.76 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
53 |
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.