MIRA INFORM REPORT
|
Report No. : |
303419 |
|
Report Date : |
16.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAMSONITE SOUTH ASIA PRIVATE LIMITED (w.e.f.08.09.2004) |
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|
|
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Formerly Known
As : |
SAMSONITE INDIA PRIVATE LIMITED |
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Registered
Office : |
Gat Nos. 159 to 163, Village Gonde (Dumala), Taluka Igatpuri Nashik –
422403, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.12.2013 |
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Date of Incorporation
: |
08.11.1995 |
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Com. Reg. No.: |
11-094287 |
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Capital
Investment / Paid-up Capital : |
Rs. 354.912 Millions |
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CIN No.: [Company Identification
No.] |
U19120MH1995PTC094287 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
NSKS02903F |
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PAN No.: [Permanent Account No.] |
AAACS8598L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Travel, Accessories like
Suitcases and Brief case and also Trader of Footwear. |
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No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having fine track record. Financial position of the company is sound and healthy. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = A+ |
|
Rating Explanation |
Have adequate degree of safety and carry low credit risk. |
|
Date |
November 11, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A1 |
|
Rating Explanation |
Have very strong degree of safety and carry lowest credit risk |
|
Date |
November 11, 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 (GENERAL DETAILS)
|
Name : |
Mr. Vishnu |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-2553-229700 |
|
Date : |
15.01.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Gat Nos. 159 to 163, Village Gonde (Dumala), Taluka Igatpuri Nashik –
422403, Maharashtra, India |
|
Tel. No.: |
91-2553-229700/ 229701/ 2 |
|
Mobile No.: |
91-9949527774 (Mr. Vinay) |
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Fax No.: |
91-2553-225133 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Head/ Corporation Office : |
402/403, Akruti Star, Opposite Akruti Centre Point, MIDC, Andheri
(East), Mumbai – 400093, Maharashtra, India |
DIRECTORS
AS ON 30.06.2014
|
Name : |
Mr. Trimothy
Charles Parker |
|
Designation : |
Director |
|
Address : |
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Date of
Birth/Age : |
19.06.1955 |
|
Date of
Appointment : |
26.03.2009 |
|
DIN No.: |
02796800 |
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|
|
|
Name : |
Mr. Kyle Gendreau |
|
Designation : |
Director |
|
Address : |
4, Pearly Lane, Lot 6, |
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Date of
Birth/Age : |
30.05.1969 |
|
Date of
Appointment : |
11.09.2009 |
|
DIN No.: |
03299058 |
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|
|
|
Name : |
Mr. John Bayard
Livingston |
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Designation : |
Director |
|
Address : |
25, |
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Date of
Birth/Age : |
31.07.1967 |
|
Date of
Appointment : |
25.09.2010 |
|
DIN No.: |
03304474 |
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|
|
|
Name : |
Mr. Subrata Dutta |
|
Designation : |
Director |
|
Address : |
A 403 / 404, Dosti Elite, Sion (East), Mumbai - 400022, Maharashtra,
India |
|
Date of Birth/Age : |
18.09.1963 |
|
Qualification : |
B. Tech, PGDM |
|
Date of Appointment : |
01.01.2013 |
|
PAN No.: |
ADGPD1160R |
|
DIN No.: |
02004997 |
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|
|
|
Name : |
Mr. Rajendra
Vishwanath Agarwal |
|
Designation : |
Director |
|
Address : |
408, Shantivan,
2-B, Raheja Township, Malad (East), Mumbai - 400097, Maharashtra, India |
|
Date of Birth/Age : |
19.09.1962 |
|
Date of
Appointment : |
31.05.2000 |
|
DIN No.: |
00227233 |
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|
|
|
Name : |
Mr. Yashwant
Muktinath Singh |
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Designation : |
Director |
|
Address : |
A/P- Flat No. 25, Viraj, Co-Operative Housing Society,
Behind Rane Nagar, Nashik, Maharashtra – 422009, India |
|
Date of
Birth/Age : |
07.06.1963 |
|
Date of
Appointment : |
25.09.2010 |
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PAN No.: |
AFCPF5539R |
|
DIN No.: |
03287145 |
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|
|
|
Name : |
Mr. Prameesh
Parasmal Barlota |
|
Designation : |
Director
appointed in casual vacancy |
|
Address : |
304, Shourie Complex, 22/24, Jai Prakash Road,, Andheri
(West), Mumbai, 400058, Maharashtra, India |
|
Date of
Birth/Age : |
05.08.1976 |
|
Date of
Appointment : |
30.11.2012 |
|
DIN No.: |
06430349 |
|
|
|
|
Name : |
Mr. Suresh Ep
Menon |
|
Designation : |
Additional
director |
|
Address : |
44-A Kurla Kamgar Nagar, S G Barve Marg, Kurla [East],
Mumbai - 400024, Maharashtra, India |
|
Date of
Birth/Age : |
12.12.1955 |
|
Date of
Appointment : |
02.01.2013 |
|
DIN No.: |
01311887 |
KEY EXECUTIVES
|
Name : |
Mr. Pranav Mewada |
|
Designation : |
Company secretary |
|
Address : |
C-25, Govind Dalvi Nagar CHS, C. P. Road, Kandivali (East), Mumbai -
400101, Maharashtra, India |
|
Date of Birth/Age : |
23.05.1983 |
|
Date of Appointment : |
18.03.2013 |
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PAN No.: |
AKMPM3980B |
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|
|
|
Name : |
Mr. Vishnu |
|
Designation : |
Assistant Manager |
MAJOR SHAREHOLDERS
AS ON 30.06.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Samsonite Mauritius Limited, Mauritius |
21294740 |
60.00 |
|
Ramesh Tainwala and Shobha Tainwla |
1807020 |
5.09 |
|
Tainwala Chemicals and Plastics (India) Limited, India |
3069873 |
8.65 |
|
Tainwala Personal Care Products Private Limited, India |
1795000 |
5.06 |
|
Tainwala Holdings Private Limited, India |
556000 |
1.57 |
|
Rakesh Tainwala |
1433000 |
4.04 |
|
Rajkumar Tainwala |
226600 |
0.64 |
|
Katyayan Constructions and Developers Private Limited, India |
2500000 |
7.04 |
|
Amishi Tainwala |
620000 |
1.75 |
|
Periwinkle Fashions Private Limited, India |
2189000 |
6.17 |
|
Total |
35491233 |
100.00 |
AS ON 30.06.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
60.00 |
|
Bodies corporate |
28.49 |
|
Other top fifty shareholders |
11.51 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Travel, Accessories like
Suitcases and Brief case and also Trader of Footwear. |
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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 : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
600 (Approximately) |
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Bankers : |
· State Bank of India, Mid Corporate Loan Administration Unit, 1-5, 'B', Wing, Shri Hari Building, RTO Lane, Andheri (West), Mumbai - 400053, Maharashtra, India · State Bank of India, Industrial Finance Branch, Snehal Chambers, Teli Gally, Andheri (East), Mumbai - 400069, Maharashtra, India · State Bank of India, IFB, Natraj Building, 102, 1st Floor, 194, Sir M V Road Western Express Highway, Andheri (East), Mumbai - 400069, Maharashtra, India ·
Induslnd
Bank Limited, S.V. Road, Mumbai - 400050, Maharashtra, India
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Facilities : |
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Auditors : |
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Name : |
BBSR and Company Chartered Accountants |
|
Address : |
703, Godrej Castlemaine, 7th Floor, Bund Garden Road, Pune – 411001,
Maharashtra, India |
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PAN No.: |
AAKFB4397F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Ultimate Holding company : |
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Other Related Parties : |
·
Abhishri Packaging Private Limited CIN No.: U28129MH2003PTC139261 ·
Samsonite Europe N.V. ·
Samtain Sales Private Limited CIN No.: U51900MH1997PTC105387 ·
Samsonite IP Holdings Sarl ·
Bagzone Lifestyles Private Limited CIN No.: U74994MH2008PTC188558 ·
Samsonite China FICE ·
Samsonite Asia Limited, Hong Kong ·
Samsonite Middle East FZCO ·
Samsonite Mauritius Limited ·
Samsonite LLC, USA |
|
|
|
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Joint venture : |
|
CAPITAL STRUCTURE
AS ON 30.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
36,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 360.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
35,491,233 |
Equity Shares |
Rs. 10/-
each |
Rs. 354.912
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
354.912 |
354.912 |
354.912 |
|
(b) Reserves & Surplus |
1056.863 |
616.463 |
365.296 |
|
(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) |
1411.775 |
971.375 |
720.208 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
142.577 |
62.639 |
51.325 |
|
Total Non-current
Liabilities (3) |
142.577 |
62.639 |
51.325 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
671.802 |
1162.061 |
370.398 |
|
(b) Trade
payables |
1152.756 |
880.598 |
1892.522 |
|
(c) Other
current liabilities |
335.959 |
257.628 |
262.910 |
|
(d) Short-term
provisions |
9.084 |
4.208 |
26.209 |
|
Total Current
Liabilities (4) |
2169.601 |
2304.495 |
2552.039 |
|
|
|
|
|
|
TOTAL |
3723.953 |
3338.509 |
3323.572 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
407.852 |
471.225 |
470.235 |
|
(ii)
Intangible Assets |
16.330 |
18.956 |
4.039 |
|
(iii)
Capital work-in-progress |
27.797 |
59.876 |
59.804 |
|
(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) |
149.459 |
67.373 |
10.887 |
|
(d) Long-term Loan and Advances |
208.481 |
216.626 |
230.936 |
|
(e) Other
Non-current assets |
0.033 |
1.841 |
6.166 |
|
Total Non-Current
Assets |
809.952 |
835.897 |
782.067 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1199.151 |
1135.390 |
1033.352 |
|
(c) Trade
receivables |
1481.659 |
1145.490 |
1250.145 |
|
(d) Cash
and cash equivalents |
148.519 |
68.760 |
70.374 |
|
(e)
Short-term loans and advances |
84.672 |
152.972 |
187.634 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
2914.001 |
2502.612 |
2541.505 |
|
|
|
|
|
|
TOTAL |
3723.953 |
3338.509 |
3323.572 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7739.030 |
6488.190 |
5873.150 |
|
|
|
Export Incentives |
48.030 |
53.600 |
71.510 |
|
|
|
Other Income |
2.150 |
0.750 |
18.380 |
|
|
|
TOTAL (A) |
7789.210 |
6542.540 |
5963.040 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1208.730 |
|
|
|
|
|
Purchases of Stock-in-Trade |
3181.790 |
2660.131 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
5.860 |
(167.660) |
|
|
|
|
Employees benefits expense |
682.880 |
574.231 |
|
|
|
|
Other expenses |
1797.890 |
1642.091 |
|
|
|
|
TOTAL (B) |
6877.150 |
5941.554 |
5285.650 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
912.060 |
600.986 |
677.390 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
72.761 |
115.541 |
113.520 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
839.299 |
485.445 |
563.870 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
175.711 |
113.411 |
97.140 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
663.588 |
372.034 |
466.730 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
223.141 |
120.864 |
153.050 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
440.447 |
251.170 |
313.680 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
465.900 |
214.730 |
77.780 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
31.400 |
|
|
|
Dividend |
0.000 |
0.000 |
145.330 |
|
|
BALANCE CARRIED TO
THE B/S |
906.347 |
465.900 |
214.730 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.000 |
1217.880 |
980.290 |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
12.41 |
7.08 |
8.84 |
|
|
Particulars |
|
|
31.12.2014 |
|
Sales Turnover (Approximately) |
|
|
10000.000 |
|
|
|
|
|
Expected Sales (2015): Rs. Rs. 13000.000 Millions.
The above information has been parted by Mr. Vishnu Suryavanshi
(Assistant Manager)
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
5.69
|
3.87 |
5.34 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
11.77
|
9.26 |
11.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.71 |
11.59 |
14.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.47 |
0.38 |
0.65 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.48 |
1.20 |
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.09 |
1.00 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
354.912 |
354.912 |
354.912 |
|
Reserves & Surplus |
365.296 |
616.463 |
1056.863 |
|
Net
worth |
720.208 |
971.375 |
1411.775 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
370.398 |
1162.061 |
671.802 |
|
Total
borrowings |
370.398 |
1162.061 |
671.802 |
|
Debt/Equity
ratio |
0.514 |
1.196 |
0.476 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
5873.150 |
6488.190 |
7739.030 |
|
|
|
10.472 |
19.279 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
5873.150 |
6488.190 |
7739.030 |
|
Profit |
313.680 |
251.170 |
440.447 |
|
|
5.34% |
3.87% |
5.69% |
LOCAL AGENCY FURTHER INFORMATION
NOTE: CURRENT MATURITY LONG TERM DEBT ARE NOT AVAILABLE
|
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 |
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 |
------------ |
|
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 |
No |
|
33] |
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
Yes |
OPERATIONS:
The year has been a very successful year for the Company. The exports have grown by over 14 % as compared to the last year.
Domestic sales too have registered an impressive growth of 20.6 % as compared to the previous year.
The gross sales for the year under review have increased to Rs. 7838.700 million from Rs. 6569.700 million last year thereby registering an increase of about 19.3 %. Profits after tax have also shown an outstanding increase of around 75.4 % from Rs. 251.200 million last year to Rs. 440.500 million for the year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90158456 |
01/12/2004 * |
75,000,000.00 |
ING VYSYS BANK LIMITED |
1ST FLOOR; FLORAL DECK PLAZA, MIDC ANDHERI, MUMBAI, Maharashtra - 400093, INDIA |
- |
|
2 |
90156589 |
22/02/2013 * |
600,200,000.00 |
STATE BANK OF INDIA |
IFB, Natraj Building,
102, 1st Floor, 194,, Sir M Maharashtra - 400069, INDIA |
B71848311 |
|
3 |
90156469 |
08/01/2004 * |
137,000,000.00 |
STATE BANK OF INDIA |
ANDHERI BRANCH, MUMBAI, Maharashtra, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.12.2013 (Rs.
in Millions) |
31.12.2012 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Working capital loans from banks |
226.147 |
505.263 |
|
Loans repayable on demand from banks |
211.892 |
428.134 |
|
Total |
438.039 |
933.397 |
FIXED ASSETS
- Land
- Buildings
- Factory
Buildings
- Plant and
Equipments
- Furniture and
Fixture
- Vehicles
- Office
Equipments
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. 61.76 |
|
|
1 |
Rs. 94.02 |
|
Euro |
1 |
Rs. 72.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
RAS |
|
|
|
|
Analysis Done by
: |
DIP |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
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.