MIRA INFORM REPORT
|
Report No. : |
310217 |
|
Report Date : |
27.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
ZUARI GLOBAL LIMITED (w.e.f. 26.06.2012) |
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Formerly Kown As
: |
ZUARI INDUSTRIES LIMITED |
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Registered
Office : |
Jai Kisaan Bhawan, Zuari Nagar, Goa – 403726 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
12.05.1967 |
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Com. Reg. No.: |
24-000157 |
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Capital
Investment / Paid-up Capital : |
Rs. 294.411 Million |
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CIN No.: [Company Identification
No.] |
L65921GA1967plc000157 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
The company is in the business of trading of pesticides and complex
fertilisers. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 17000000 |
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Status : |
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, General financial position of the company is sound. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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 DENIED
Management non-cooperative (Tel No.: 91-832-2592431)
LOCATIONS
|
Registered Office : |
Jai Kisaan Bhawan, Zuari Nagar, Goa – 403726, India |
|
Tel. No.: |
91-832-25924318 2592180/ 2592181 |
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Fax No.: |
91-832-2555279 |
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E-Mail : |
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|
Website : |
DIRECTORS
|
Name : |
Saroj Kumar Poddar |
|
Designation : |
Chairman |
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|
Name : |
H.S. Bawa |
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Designation : |
Executive Vice Chairman |
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Name : |
N. Suresh Krishnan |
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Designation : |
Director |
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Name : |
Jyotsna Poddar |
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Designation : |
Whole Time Director |
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Name : |
Shyam Bhartia |
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Designation : |
Director |
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Name : |
D.B. Engineer |
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Designation : |
Director |
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Name : |
J. N. Godbole |
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Designation : |
Director |
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Name : |
Marco Wadia |
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Designation : |
Director |
KEY EXECUTIVES
|
Name : |
K.G. Prabhu |
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Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.12.2014
|
Category of
Shareholder |
No. of Shares |
% of holdings |
|
(A) Shareholding
of Promoter and Promoter Group |
||
|
|
|
|
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|
1530164 |
5.20 |
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|
10072903 |
34.21 |
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|
11603067 |
39.41 |
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|
|
|
|
|
7491750 |
25.45 |
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|
7491750 |
25.45 |
|
Total
shareholding of Promoter and Promoter Group (A) |
19094817 |
64.86 |
|
(B) Public
Shareholding |
||
|
|
|
|
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|
1600100 |
5.44 |
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|
5310 |
0.02 |
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|
2362708 |
8.03 |
|
|
1067758 |
3.63 |
|
|
217 |
0.00 |
|
|
217 |
0.00 |
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|
5036093 |
17.11 |
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|
|
|
|
|
1288688 |
4.38 |
|
|
|
|
|
|
3039592 |
10.32 |
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|
837080 |
2.84 |
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|
144334 |
0.49 |
|
|
46587 |
0.16 |
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|
94932 |
0.32 |
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|
450 |
0.00 |
|
|
2365 |
0.01 |
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|
5309694 |
18.04 |
|
Total Public
shareholding (B) |
10345787 |
35.14 |
|
Total (A)+(B) |
29440604 |
100.00 |
|
(C) Shares held by
Custodians and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
29440604 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is in the business of trading of pesticides and complex
fertilisers. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
Note: LONG TERM BORROWING i) The loan is to be secured by the first exclusive charge on specific immovable property (shown as inventories) of the Company. ii) The Company has undertaken that during the term of the loan, itshall continue to hold and itshall not enter into a transaction to encumber any of the following equity shares which are currently directly or indirectly held by it: a) 10% equity shares in the total equity share capital of Gulbarga Cement Limited. b) 100% equity shares in the total equity share capital of Zuari Investments Limited (ZIL). c) 30% equity shares in the total equity share capital of Zuari Agro Chemicals Limited. d) 12% equity shares in the total equity share capital of Chambal Fertilisers and Chemicals Limited. e) 25% equity shares in the total equity share capital of Gobind Sugar Mills Limited. iii) Promoter group shall continue to have management
control of the Company and ZIL (Subsidiary company) and hold majority
ownership (atleast 51% of the total equity share capital without any
encumbrance) in the Company including the ability to appoint majority
Directors of the Board of the Company and ZIL. |
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Auditors : |
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Name : |
S.R. Batliboi and Company Chartered Accountants |
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Address : |
Gurgaon, Delhi, India |
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Legal Advisers : |
Khaitan and Company |
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Address : |
Kolkata, West Bengal, India |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
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Joint Ventures : |
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Associates : |
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Enterprises having
significant influence : |
Globalware Trading and Holdings Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
35750000 |
Equity Shares |
Rs. 10/- each |
Rs. 357.500 Million |
|
10000000 |
Redeemable Cumulative Prefernce Shares |
Rs. 100/- each |
Rs. 1000.000 Million |
|
|
|
|
|
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|
Total |
|
Rs. 1357.500
Million |
Issued Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
29448655 |
Equity Shares |
Rs. 10/-
each |
Rs. 294.487
Million |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
29440604 |
Equity Shares |
Rs. 10/-
each |
Rs. 294.406
Million |
|
|
Add : 1100 Forfeited Shares fully paid up |
|
Rs. 0.005
Million |
|
|
|
|
|
|
|
Total |
|
Rs. 294.411 Million |
a) Reconciliation of
shares outstanding at the beginning and end of the reporting year
|
Equity Shares |
31.03.2014 |
|
|
In numbers |
Rs. In Million |
|
|
At the beginning of the year |
29440604 |
294.406 |
|
Issued during the year |
-- |
-- |
|
Outstanding at the end of the year |
29440604 |
294.406 |
b) Terms/Rights
attached to equity shares
The Company has only one class of equity shares having a par value of Rs. 10/- pershare. Each share holder of equity sharesis entitled to one vote per share. The Company declares and pay dividends in Indian rupees. The dividend proposed by Board of Directors is subject to the approval of shareholders in the ensuing Annual General Meeting.
During the year 31st March, 2014, the amount of per share dividend recognised as distribution to equity share holders was Rs. 1/- (31st March, 2013:: Rs. 2/-), subject to approval of shareholders.
In the event of liquidation of the Company, the holders of
equity shares will be entitled to receive remaining assets of the Company after
distribution of all preferential amounts. The distribution will be in
proportion to the number of equity shares held by the shareholders
c) Details of
Shareholders holding more than 5% of shares in the Company
|
Names of Shareholders |
31.03.2014 |
|
|
No. of shares
held |
% of
holding in class |
|
|
Globalware Trading and Holdings Limited |
7012000 |
23.82 |
|
SIL Investment Limited
|
3208000 |
10.90 |
|
Texmaco Infrastructure and Holdings Limited |
2757941 |
9.37 |
|
Adventz Investments & Holdings Limited |
1601723 |
5.44 |
|
Reliance Capital Trustee Co Ltd A/c – Reliance Regular
Savings Fund Equity Option |
1600000 |
5.43 |
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 |
294.411 |
294.411 |
294.411 |
|
(b) Reserves & Surplus |
5909.378 |
5682.428 |
5481.784 |
|
(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) |
6203.789 |
5976.839 |
5776.195 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
800.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
2.467 |
5.176 |
2.507 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
6.242 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
808.709 |
5.176 |
2.507 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
300.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
1087.133 |
149.251 |
93.888 |
|
(c) Other current
liabilities |
278.147 |
870.535 |
362.750 |
|
(d) Short-term
provisions |
77.052 |
273.785 |
347.768 |
|
Total Current
Liabilities (4) |
1742.332 |
1293.571 |
804.406 |
|
|
|
|
|
|
TOTAL |
8754.830 |
7275.586 |
6583.108 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
133.698 |
134.884 |
121.176 |
|
(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 |
4131.392 |
3954.401 |
4141.537 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1179.522 |
523.164 |
750.086 |
|
(e) Other
Non-current assets |
54.919 |
31.656 |
9.938 |
|
Total Non-Current
Assets |
5499.531 |
4644.105 |
5022.737 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
223.512 |
1079.605 |
0.000 |
|
(b)
Inventories |
1948.067 |
142.296 |
371.500 |
|
(c) Trade
receivables |
467.994 |
279.322 |
281.648 |
|
(d) Cash
and cash equivalents |
68.088 |
111.527 |
138.283 |
|
(e)
Short-term loans and advances |
507.884 |
1011.061 |
732.693 |
|
(f) Other
current assets |
39.754 |
7.670 |
36.247 |
|
Total
Current Assets |
3255.299 |
2631.481 |
1560.371 |
|
|
|
|
|
|
TOTAL |
8754.830 |
7275.586 |
6583.108 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1698.215 |
995.405 |
12441.463 |
|
|
|
Other Income |
425.807 |
462.900 |
579.327 |
|
|
|
TOTAL (A) |
2124.022 |
1458.305 |
13020.790 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1.784 |
5.386 |
6880.383 |
|
|
|
Purchases of Stock-in-Trade |
1428.104 |
726.220 |
5707.088 |
|
|
|
Land purchased cost |
1947.931 |
0.000 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(1815.171) |
172.616 |
(2664.242) |
|
|
|
Employees benefits expense |
51.460 |
80.862 |
263.535 |
|
|
|
Other expenses |
84.158 |
130.762 |
1968.189 |
|
|
|
TOTAL (B) |
1698.266 |
1115.846 |
12154.953 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (A-B) (C) |
425.756 |
342.459 |
865.837 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
18.657 |
8.342 |
184.250 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
407.099 |
334.117 |
681.587 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.181 |
1.181 |
61.072 |
|
|
|
|
|
|
|
|
|
Add |
EXCEPTIONAL
ITEMS |
152.431 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
558.349 |
332.936 |
620.515 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
296.955 |
63.404 |
144.916 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
261.394 |
269.532 |
475.599 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5382.428 |
5231.784 |
6236.697 |
|
|
|
|
|
|
|
|
|
Less |
TRANSFER TO ZUARI AGRO CHEMICALS LIMITED, AS PER THE SCHEME OF
ARRANGEMENT AND DEMERGER |
0.000 |
0.000 |
1162.079 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
50.000 |
50.000 |
250.000 |
|
|
|
Dividend |
29.441 |
58.881 |
58.881 |
|
|
|
Tax on Dividend |
5.003 |
10.007 |
9.552 |
|
|
BALANCE CARRIED
TO THE B/S |
5559.378 |
5382.428 |
5231.784 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
8.88 |
9.16 |
16.15 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
15.39
|
27.08 |
3.82 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
25.07
|
34.40 |
6.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.08 |
10.02 |
25.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.06 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debts/Networth) |
|
0.18 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.87 |
2.03 |
1.94 |
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 |
294.411 |
294.411 |
294.411 |
|
Reserves & Surplus |
5481.784 |
5682.428 |
5909.378 |
|
Net
worth |
5776.195 |
5976.839 |
6203.789 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
800.000 |
|
Short term borrowings |
0.000 |
0.000 |
300.000 |
|
Total
borrowings |
0.000 |
0.000 |
1100.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.177 |
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 |
12441.463 |
995.405 |
1698.215 |
|
|
|
(91.999) |
70.605 |
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 |
12441.463 |
995.405 |
1698.215 |
|
Profit |
475.599 |
269.532 |
261.394 |
|
|
3.82% |
27.08% |
15.39% |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 |
No |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
FINANCIAL RESULTS AND
APPROPRIATION:
The revenue from operations for the year ended 31st March,
2014 was Rs. 1698.215 Million as compared to Rs. 995.405 Million for the
previous year ending 31st March, 2013. The Profit before tax for the year ended
31st March, 2014 was Rs. 558.349 Million as compared to Rs. 332.936 Million for
the year ending 31st March, 2013. The Profit after Tax stood at Rs. 261.394
Milion for the year ending 31st March, 2014 as compared to Rs. 269.532 Million for the previous year ending
31st March, 2013.
CORPORATE INFORMATION
The Company is a public Company domiciled in India and incorporated underthe provisions ofthe Companies Act 1956. The Company is in the business of trading of pesticides and complex fertilisers. The Company caters to the demand of the farmers all over the country. During current year, the Company has acquired lands with the objective of granting rights to other parties to develop the land under joint development agreement.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10521077 |
19/09/2014 |
800,000,000.00 |
Rabo India Finance Limited |
GF/A - 03B,
Building 9, Tower A, DLF Cyber City, INDIA |
C21618657 |
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER ENDED 30TH SEPTEMBER 2014
(Rs. in million)
|
Sr. No. |
Particulars |
Quarter Ended |
Quarter Ended |
Half Year Ended |
|
30.09.2014 |
30.06.2014 |
30.09.2014 |
||
|
Unaudited |
Unaudited |
Unaudited |
||
|
Part I |
|
|
|
|
|
1. |
Income from
Operations |
|
|
|
|
|
a)
Net Sales / Income from Operations |
-- |
395.200 |
395.200 |
|
|
b)
Other Operating Income |
7.700 |
14.300 |
22.000 |
|
|
Total
Income from Operations (net) |
7.700 |
409.500 |
417.200 |
|
2. |
Expenditure |
|
|
|
|
|
a)
Cost of materials consumed |
-- |
-- |
-- |
|
|
b)
Purchase of stock-in-trade |
(12.800) |
384.800 |
372.000 |
|
|
c) Changes in inventories
of finished goods, work-in-progress and stock-in-trade |
-- |
-- |
-- |
|
|
d)
Employee benefits expense |
4.700 |
7.800 |
12.500 |
|
|
e)
Consultancy Charges |
2.900 |
3.600 |
6.500 |
|
|
f)
Exchange fluctuation variation |
14.300 |
23.300 |
37.600 |
|
|
g) Depreciation and amortisation expense |
0.600 |
0.600 |
1.200 |
|
|
h)
Other expenses |
9.400 |
8.100 |
17.500 |
|
|
Total Expenses |
(38.500) |
428.200 |
389.700 |
|
3. |
Profit/ (Loss) from Operations
before Other Income, Exchange gain/(loss), Finance costs and Exceptional
items (1-2) |
46.200 |
(18.700) |
27.500 |
|
4. |
Other Income |
193.000 |
50.700 |
243.700 |
|
5. |
Profit /(Loss) from
Ordinary activities before finance costs and Exceptional items (3+4a+4b) |
239.200 |
32.000 |
271.200 |
|
6. |
Finance Costs |
33.600 |
29.700 |
63.300 |
|
7. |
Profit / (Loss) from ordinary activities
after Finance costs but before Exceptional items (5-6) |
205.600 |
2.300 |
207.900 |
|
8. |
Exceptional items |
-- |
-- |
-- |
|
9. |
Profit/ (Loss) from ordinary activities
before tax (7+8) |
205.600 |
2.300 |
207.900 |
|
10. |
Tax expenses |
30.100 |
1.900 |
32.000 |
|
11. |
Net Profit / (Loss) from ordinary
activities after tax (9-10) |
175.500 |
0.400 |
175.900 |
|
12. |
Extraordinary
items |
-- |
-- |
-- |
|
13. |
Net Profit /
(Loss) for the period (11+12) |
175.500 |
0.400 |
175.900 |
|
14. |
Paid-up equity share capital (Face Value of Rs. 10 per share) |
294.400 |
294.400 |
294.400 |
|
15. |
Reserve excluding Revaluation reserve |
-- |
-- |
-- |
|
16. |
Earnings Per Share (EPS) before and after extraordinary items (of Rs.
10/- each) a) Basic b) Diluted |
5.96 5.96 |
0.01 0.01 |
5.97 5.97 |
|
|
|
|
|
|
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. 61.94 |
|
|
1 |
Rs. 96.24 |
|
Euro |
1 |
Rs. 70.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.