MIRA INFORM REPORT
|
Report Date : |
03.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
HINDUSTAN COLAS LIMITED |
|
|
|
|
Registered
Office : |
Plot No.D-500, Off HPCL, Vashi Terminal, MIDC, ITC Area, Turbhe, Navi Mumbai
– 400705, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
17.07.1995 |
|
|
|
|
Com. Reg. No.: |
11-090671 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.94.500 Millions |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23200MH1995PLC090671 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Bitumen Substances and Bitumen Emulsions
of all types used for all purposes. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. Overall
financial position of the company seems to be strong and healthy. Company is
operating on its owned funds. Trade relations reported to be fair. Business is active. Payment terms
are reported to be regular and as per commitments. The company can be considered normal 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.
|
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 DECLINED
Management Non-Cooperative
Contact No.: 91-22-65155255
LOCATIONS
|
Registered Office/ Mumbai Plant : |
Plot No.D-500, Off HPCL, Vashi Terminal, MIDC, ITC Area, Turbhe, Navi
Mumbai – 400705, Maharashtra, India |
|
Tel. No.: |
91-22-41553100/ 27613127/ 65165255/ 65165256 / 61501000 |
|
Fax No.: |
91-22-27631942 / 23741711 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
R and C Building, 5th Floor, |
|
Tel. No.: |
91-22-23713138/ 61501000 |
|
Fax No.: |
91-22-23741711 |
|
E-Mail : |
|
|
|
|
|
Bahadurgarh
Plant : |
Near HPCL LPG
Plant, Village Asauda, Bahadurgarh, District Jajjhar – 124 507, |
|
Tel. No.: |
91-1276-280015/
280016/ 395863 |
|
Fax No.: |
91-1276-280016 |
|
|
|
|
Mangalore
Plant and Office |
Adjacent HPCL POL
Terminal, Village Bala, Via Katipalla, Mangalore - 575 030, |
|
Tel. No.: |
91-824-5558484/
2271745 |
|
Fax No.: |
91-824-2271745 |
|
|
|
|
Irungattukottai
Plant and Office : |
A-9, SIPCOT Industrial
Park, Irungattukottai, Tq- Sriperambudur, District – Kancheepuram - 602 105,
Tamilnadu, India |
|
Tel. No.: |
91-44-27156097/
27156098/ 27156691 |
|
Fax No.: |
91-44-27156097/
27156098/ 27156691 |
|
|
|
|
Visakapatnam
Plant and Office : |
Near HPCL
Terminal B, Malkapuram, |
|
Tel. No.: |
91-891-2752576/
2752580 |
|
Fax No.: |
91-891-2752576 |
|
|
|
|
|
Adjacent to HPCL Karari Depot, |
|
|
|
|
Vizag Plant and Office : |
Near HPCL Terminal ‘B1’, Malkapuram, |
|
|
|
|
|
Plot No.426-430,
GIDC Industrial Area, Village Manjusar, Savli, |
|
Tel. No.: |
91-2667-264641/
264642 |
|
Fax No.: |
91-2667-264642 |
|
|
|
|
Plant : |
Also located at: v Haldia (Under Construction) |
|
|
|
|
|
C/o |
|
|
|
|
Regional Office : |
Located at : v
Vashi v
v
Kolkata v
Irungattukottai |
|
|
|
|
Depots : |
Located at: v
v
v Bhilai v
v
v Behrampur v
v
Hoshiarpur
|
|
|
|
|
Sales Office : |
Located at: v
v
v Jaipur v
v
Guwahati |
|
|
|
|
Proposed Depots : |
Located at: v
v Angul v Kolkata v Guwahati v Roorkee |
DIRECTORS
AS ON 07.08.2013
|
Name : |
Mr. Subir Roy Chaoudhury |
|
Designation : |
Director |
|
Address : |
B-25, |
|
Date of
Birth/Age : |
01.03.1954 |
|
Qualification : |
Bachelor of Engineering (Mechanical) |
|
Date of
Appointment : |
25.05.2004 |
|
DIN No : |
00130803 |
|
|
|
|
Name : |
Mr. Jacques Pastor |
|
Designation : |
Director |
|
Address : |
Salintra Condominium, 376/126-127, Rama 3rd Bangklo,
Bangkorlaey, Bangkok, Thailand-10120 |
|
Date of
Birth/Age : |
26.06.1954 |
|
Qualification : |
Master Degree in Civil Engineering |
|
Date of
Appointment : |
21.12.1995 |
|
DIN No : |
00152436 |
|
|
|
|
Name : |
Mr. Herve Le Bouc |
|
Designation : |
Director |
|
Address : |
17, Avenue De Lamballe, |
|
Date of
Birth/Age : |
07.01.1952 |
|
Qualification : |
Master Degree in Civil Engineering |
|
Date of
Appointment : |
14.08.2008 |
|
Din No.: |
02107707 |
|
|
|
|
Name : |
Mr. Somchit Sertthin |
|
Designation : |
Director |
|
Address : |
55/36, |
|
Date of
Birth/Age : |
22.09.1952 |
|
Qualification : |
Bachelor Degree in Business Administration |
|
Date of
Appointment : |
17.07.1995 |
|
DIN No : |
00231058 |
|
|
|
|
Name : |
Ms. Nishi Vasudeva |
|
Designation : |
Director (w.e.f. 1st
July, 2012) |
|
Date of
Birth/Age : |
30.03.1956 |
|
Din No.: |
03016991 |
|
Name : |
Mr. Jacques Leost |
|
Designation : |
Alternate Director to Mr. Hervé Le Bouc |
|
Date of
Appointment : |
07.01.2011 |
|
Qualification : |
Master Degree in Civil Engineering |
|
|
|
|
Name : |
Rao Venkateshwara Kommalapati |
|
Designation : |
Director |
|
Date of
Birth/Age : |
Daisylea Apartment, Owners Association Apartment, No. 504, 17-A, Mount
Pleasant Road, Mumbai-400006, Maharashtra, India |
|
Qualification : |
03.09.1955 |
|
Date of
Appointment : |
01.06.2013 |
|
Din No.: |
05340626 |
KEY EXECUTIVES
|
Name : |
Mr. Sitaram Taparia |
|
Designation : |
Chief Financial Officer and Company Secretary |
|
Address : |
33/604, HP Nagag East, |
|
Date of Birth/Age : |
02.01.1975 |
|
Date of Appointment : |
21.03.2007 |
|
Pan No.: |
ABXPT1947R |
|
|
|
|
Name : |
Tejbir Singh Sawhney |
|
Designation : |
Manager |
|
Address : |
Flat 4201, Tower 1, Terra Planet Godrej, Mahalaxmi, Mumbai-400 011,
Maharashtra, India |
|
Date of Birth/Age : |
12.07.1961 |
|
Date of Appointment : |
18.04.2013 |
|
Pan No.: |
AFBPS6701A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 07.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Colasie SA, France |
|
4724600 |
|
Hindustan Petroleum Corporation Limited, India |
|
4724600 |
|
Jacques Pastor |
|
200 |
|
Sertthin Somchit |
|
100 |
|
Subir Choudhury Roy |
|
100 |
|
Bhaswar Mukherjee |
|
100 |
|
Shantanu Bhattacharjee |
|
100 |
|
Rao Venkateshwara Kommalapati |
|
100 |
|
Champs Hugues De |
|
100 |
|
|
|
|
|
TOTAL
|
|
9450000 |
AS ON 07.08.2013
|
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] |
|
50.00 |
|
Government
companies |
|
50.00 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Bitumen Substances and Bitumen Emulsions
of all types used for all purposes. |
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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 : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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|
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||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management. |
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Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ford, Rhodes, Parks and Company Chartered
Accountants |
|
Address : |
312/313, Sai Commercial Complex, BKS Devshi Marg, Govandi,
Mumbai-400088, Maharashtra, India |
|
PAN No: |
AAAFF1843L |
|
|
|
|
Enterprises where control
exists Parties having substantial interest in the Company: |
|
|
|
|
|
Other Parties : |
Colas SA, France (Holding Company of M/s Colasie SA, France) |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9450000 |
Equity Shares |
Rs.10/- each
|
Rs.94.500
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 |
94.500 |
94.500 |
94.500 |
|
(b) Reserves & Surplus |
1345.636 |
1218.983 |
1184.323 |
|
(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) |
1440.136 |
1313.483 |
1278.823 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
0.000 |
0.000 |
15.356 |
|
(b) Deferred tax
liabilities (Net) |
92.970 |
82.861 |
70.425 |
|
(c)
Other long term liabilities |
1.576 |
1.248 |
2.635 |
|
(d)
long-term provisions |
17.020 |
13.574 |
10.386 |
|
Total
Non-current Liabilities (3) |
111.566 |
97.683 |
98.802 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
719.908 |
657.857 |
451.257 |
|
(c)
Other current liabilities |
367.675 |
335.825 |
294.085 |
|
(d)
Short-term provisions |
365.728 |
141.449 |
194.309 |
|
Total
Current Liabilities (4) |
1453.311 |
1135.131 |
939.651 |
|
|
|
|
|
|
TOTAL |
3005.013 |
2546.297 |
2317.276 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
879.119 |
869.994 |
836.186 |
|
(ii)
Intangible Assets |
1.653 |
1.541 |
7.045 |
|
(iii)
Capital work-in-progress |
5.120 |
9.703 |
32.810 |
|
(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 |
7.867 |
7.505 |
26.252 |
|
(e)
Other Non-current assets |
2.238 |
1.324 |
442.426 |
|
Total
Non-Current Assets |
895.997 |
890.067 |
1344.719 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
280.168 |
320.449 |
260.577 |
|
(c)
Trade receivables |
736.178 |
443.006 |
305.279 |
|
(d)
Cash and cash equivalents |
959.573 |
748.358 |
293.427 |
|
(e)
Short-term loans and advances |
113.063 |
105.552 |
105.514 |
|
(f)
Other current assets |
20.034 |
38.865 |
7.760 |
|
Total
Current Assets |
2109.016 |
1656.230 |
972.557 |
|
|
|
|
|
|
TOTAL |
3005.013 |
2546.297 |
2317.276 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales / Income from operations |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
8337.493 |
6191.808 |
4224.268 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
7069.370 |
5176.879 |
3448.592 |
|
|
|
Purchases of stock-in-trade |
2.353 |
34.097 |
0.000 |
|
|
|
Employee benefit expense |
127.139 |
112.543 |
106.330 |
|
|
|
Other expenses |
358.189 |
297.796 |
246.497 |
|
|
|
Changes in inventories
of finished goods, work-in-progress and stock-in-trade / (Increase) / Decrease in stock of
finished goods |
(11.091) |
(16.360) |
(25.013) |
|
|
|
TOTAL |
7545.960 |
5604.955 |
3776.406 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
791.533 |
586.853 |
447.862 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.323 |
0.340 |
0.277 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
791.210 |
586.513 |
447.585 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
58.491 |
63.228 |
53.123 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE EXCEPTIONAL
AND EXTRAORDINARY ITEMS AND TAX |
732.719 |
523.285 |
394.463 |
|
|
|
|
|
|
|
|
|
Add |
Exceptional
Items - Gains / (Loss) |
0.000 |
0.000 |
6.544 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE EXTRAORDINARY
ITEMS AND TAX |
732.719 |
523.285 |
401.007 |
|
|
|
|
|
|
|
|
|
Add |
EXTRAORDINARY
ITEMS - GAINS / (LOSS) |
0.000 |
0.000 |
4.438 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
732.719 |
523.285 |
405.445 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
246.745 |
179.097 |
141.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
485.974 |
344.188 |
264.425 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
NA |
NA |
969.262 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
49.000 |
34.000 |
26.000 |
|
|
|
Interim Dividend and Tax Thereon |
0.000 |
172.000 |
0.000 |
|
|
|
Proposed Dividend and Tax Thereon |
359.000 |
137.000 |
192.000 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
76.874 |
169.266 |
81.639 |
|
|
|
Stores & Spares |
2.260 |
0.749 |
0.029 |
|
|
|
Capital Goods |
22.313 |
0.763 |
10.672 |
|
|
TOTAL IMPORTS |
101.447 |
170.778 |
92.340 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
51.43 |
36.42 |
27.98 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
5.87 |
5.62 |
6.36 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
100.77 |
101.11 |
101.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.42 |
20.63 |
30.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.51 |
0.40 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.45 |
1.46 |
1.03 |
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 |
94.500 |
94.500 |
94.500 |
|
Reserves & Surplus |
1184.323 |
1218.983 |
1345.636 |
|
Net
worth |
1278.823 |
1313.483 |
1440.136 |
|
|
|
|
|
|
long-term borrowings |
15.356 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
15.356 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.012 |
0.000 |
0.000 |
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 |
4158.435 |
6123.721 |
8274.163 |
|
|
|
47.260 |
35.117 |
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 |
4158.435 |
6123.721 |
8274.163 |
|
Profit/(Loss) After Tax |
264.425 |
344.188 |
485.974 |
|
|
6.36% |
5.62% |
5.87% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
0.000 |
15.356 |
2.635
|
|
|
|
|
|
|
Total |
0.000 |
15.356 |
2.635
|
|
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] |
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: NO
CHARGES EXIST FOR COMPANY
BUSINESS PERFORMANCE
MANUFACTURING
The company now has 8 plants under operation at Navi Mumbai, Bahadurgarh (Haryana), Irungattukottai (near Chennai, Tamil Nadu), Savli (near Vadodara, Gujarat), Visakhapatnam (Andhra Pradesh), Mangalore (Karnataka), Jhansi (Uttar Pradesh) and Haldia (West Bengal). The physical performance of the Company during the year.
FIXED ASSETS:
Tangible Assets:
- Leasehold
Land
- Residential
Buildings
- Other
Buildings
- Plant and
Machinery
- IT and Office
Equipment
- Furniture and
Fixtures
- Motor
Vehicles
Intangible Assets:
- 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.63.29 |
|
|
1 |
Rs.98.39 |
|
Euro |
1 |
Rs.76.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
62 |
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.