MIRA INFORM REPORT
|
Report No. : |
299052 |
|
Report Date : |
27.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
EUREKA FORBES LIMITED |
|
|
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|
Registered
Office : |
7 Chakraberia Road, Kolkata – 700025, West Bengal |
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Country : |
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|
|
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Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
05.02.1931 |
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|
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|
Com. Reg. No.: |
21-007010 |
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|
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Capital Investment
/ Paid-up Capital : |
Rs.37.280 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109WB1931PLC007010 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALE01670E |
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|
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PAN No.: [Permanent Account No.] |
AAACE5767F |
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|
Legal Form : |
A Closely Public Limited Liability Company |
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Line of Business
: |
Manufacturing and Selling of Vacuum Cleaners, Water Filter cum Purifiers and Electronic Air Cleaning Systems. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (73) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 5200000 |
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|
|
|
Status : |
Excellent |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is an old and established company having excellent track
record. Fundamentals of the company is decent. Financial position of the
company is strong and healthy. Trade relation reported to be trustworthy. Business is active. Payment
terms are reported to be regular and as per commitment. The company can be considered good 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.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities=AA |
|
Rating Explanation |
High degree of safety and very low credit
risk. |
|
Date |
10.12.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities=A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
10.12.2013 |
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 BY
|
Name : |
Mr. Suryakant |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-22-30449803 |
|
Date : |
09.01.2015 |
LOCATIONS
|
Registered Office : |
7, |
|
Tel. No.: |
91-363-4741892 / 24749340-42 / 9708 / 24762324 / 6033-34 / 24767386 / 24757954 / 91-33-24749342 |
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Fax No.: |
91-33-2474 9341 |
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E-Mail : |
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Website : |
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Corporate Office : |
B1/B2, 701, Marathon Innova, Off Ganpatrao Kadam Marg, Lower Parel, Mumbai-400013, Maharashtra, India |
|
Tel. No.: |
91-22-30449803 |
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|
|
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Branch : |
A-57/4, 2nd Floor, Okhla Industrial Area, Phase-2, New
Delhi – 110020, India |
DIRECTORS
AS ON 12.06.2014
|
Name : |
Mr. Shapoor Mistry |
|
Designation : |
Chairman Cum Managing Director |
|
Address : |
|
|
Date of Birth/Age : |
06.09.1964 |
|
Date of Appointment : |
15.03.2002 |
|
DIN No.: |
00010114 |
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|
|
|
Name : |
Mr. Suresh Lal Goklaney |
|
Designation : |
Managing Director |
|
Address : |
2, Sital Sagar, |
|
Date of Birth/Age : |
06.04.1947 |
|
Qualification : |
B. Sc. |
|
Date of Appointment : |
12.03.1996 |
|
PAN No.: |
AAFPG7334J |
|
DIN No.: |
00041048 |
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|
|
|
Name : |
Mr. Indu Ranjit Shahani |
|
Designation : |
Director |
|
Address : |
Flat 56, Hill Park, A. G. Bell Raod, Malabar Road, Mumbai-400006,
Maharashtra, India |
|
Date of Birth/Age : |
17.07.1951 |
|
Date of Appointment : |
25.06.2008 |
|
DIN No.: |
00112289 |
|
|
|
|
Name : |
Mr. Reinhard Von Der Becke |
|
Designation : |
Director |
|
Address : |
Rohrliweg 2, 8803, Ruschlikon, Switzerland |
|
Date of Birth/Age : |
09.12.1941 |
|
Date of Appointment : |
24.02.2009 |
|
DIN No.: |
02660568 |
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|
|
|
Name : |
Mr. Jai Laxmikant Mavani |
|
Designation : |
Director |
|
Address : |
G-401, Royal Classic, next to Fame Adlabs, New Link Road, Andheri
(West), Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
04.09.1971 |
|
Date of Appointment : |
14.05.2012 |
|
DIN No.: |
05260191 |
|
|
|
|
Name : |
Mr. Shankar Krishnan Subramanian |
|
Designation : |
Director |
|
Address : |
2, Kanti Villa, 698 Parasi Colony, Dadar, Mumbai – 400014,
Maharashtra, India |
|
Date of Birth/Age : |
19.03.1970 |
|
Date of Appointment : |
14.05.2012 |
|
DIN No.: |
03316009 |
|
|
|
|
Name : |
Mr. Homi Adi Katgara |
|
Designation : |
Director |
|
Address : |
4007, The Imperial North Tower, B. B. Nakashe Marg, Tardeo, Mumbai –
400034, Maharashtra, India |
|
Date of Birth/Age : |
11.10.1963 |
|
Date of Appointment : |
05.12.2012 |
|
DIN No.: |
00210338 |
|
|
|
|
Name : |
Mr. Sivanandhan Dhanushkodi |
|
Designation : |
Director |
|
Address : |
Bunglow No.5, Priyadarsini, Kopri Colony, Tahne (East), Mumbai –
400603, Maharashtra, India |
|
Date of Birth/Age : |
03.02.1951 |
|
Date of Appointment : |
05.12.2012 |
|
DIN No.: |
03607203 |
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|
|
|
Name : |
Mr. Apurva Shishir Diwanji |
|
Designation : |
Director |
|
Address : |
Wyoming Building, 5th Floor, 12-A, Little Gibbs Road,
Malabar Hill, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
17.01.1969 |
|
Date of Appointment : |
05.12.2012 |
|
DIN No.: |
00032072 |
|
|
|
|
Name : |
Mr. Reto Andreas Von Der Becke |
|
Designation : |
Alternate Director |
|
Address : |
Witellierstrasse 35, CH-8702, Zollokon ZH, Schweiz, Switzerland |
|
Date of Birth/Age : |
03.06.1977 |
|
Date of Appointment : |
07.08.2012 |
|
DIN No.: |
06366127 |
KEY EXECUTIVES
|
Name : |
Mr. Dattaram Pandurang Shinde |
|
Designation : |
Secretary |
|
Address : |
302, Krishna Niwas, Napepada, Mulund (East), Mumbai – 400081,
Maharashtra, India |
|
Date of Birth/Age : |
01.06.1978 |
|
Date of Appointment : |
22.10.2009 |
|
PAN No.: |
AVOPS4980N |
MAJOR SHAREHOLDERS
AS ON 12.06.2014
|
Names of Shareholders |
|
No. of Shares |
|
Forbes and Company Limited, India |
|
2437994 |
|
Forbes and Company Limited, India |
|
1290000 |
|
Forbes and Company Limited, India Jointly with Mr. C A Karnik |
|
1 |
|
Forbes and Company Limited, India Jointly with Mr. Ashok Barat |
|
1 |
|
Forbes and Company Limited, India Jointly with Mr. Amit Mittal |
|
1 |
|
Forbes and Company Limited, India Jointly with Mr. A T Shah |
|
1 |
|
Forbes and Company Limited, India Jointly with Mrs. Sunetra Ganesan |
|
1 |
|
Forbes and Company Limited, India Jointly with Mr. S P Kadakia |
|
1 |
|
|
|
|
|
Total |
|
3728000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 12.06.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of Vacuum Cleaners, Water Filter cum Purifiers and Electronic Air Cleaning Systems. |
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Products : |
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Brand Name : |
“ |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
-- |
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Customers : |
-- |
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No. of Employees : |
Not Divulged |
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Bankers : |
·
Axis Bank Limited, Fort Branch, Universal
Insurance Building, Sir P M Road, Fort, Mumbai-400001, Maharashtra, India ·
State Bank of India, Commercial Branch, N. G. N
Vaidya Marg, Fort, Mumbai-400023, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Batliboi and Purohit Chartered Accountant |
|
Address : |
National Insurance Building, 204, Dadabhoy Naoroji Road, Fort, Mumbai
– 400001, Maharashtra, India |
|
PAN No.: |
AAAFB0915F |
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|
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Ultimate holding company : |
·
Shapoorji Pallonji and Company Limited |
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Holding company
: |
·
Forbes and Company Limited |
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Joint venture : |
· Forbes Aquatech Limited · Forbes Concept Hospitality Services Private Limited · Infinite Water Solutions Private Limited · Forbes G4S Solutions Private Limited · Eurolife Regen Private Limited - w.e.f 20th December 2013 |
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|
Associates : |
· Euro P2P Direct (Thailand) Co. Limited |
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|
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|
Subsidiary company : |
· Aquadignostics Water Research & Technology Centre Limited · Aquamall Water Solutions Limited · E4 Development & Coaching Limited · EFL Mauritius Limited · Euro Forbes Financials Services Limited · Euro Forbes International Pte. Limited · Euro Forbes Limited · Forbes Enviro Solutions Limited · Forbes Facility Services Private Limited · Forbes Lux FZCO · Forbes Lux Group AG · Forbes Lux International AG · Lux (Deutschland) GmbH · Lux /SK/s.r.o. · Lux CZ s.r.o. · Lux Hungria Kereskedelmi Kft. · Lux Interantional AG · Lux Italia srl · Lux Norge A/S · Lux Oesterreich GmbH · Lux Schweiz AG · Lux Service GmbH · Radiant Energy Systems Private Limited · Waterwings Equipments Private. Limited |
|
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|
|
Enterprises under
Common Control : |
· Afcons Infrastructure Limited. · Cyrus Engineers Private. Limited · Forbes Technosys Limited · Gokak Textile Limited · Gokak Power & Energy Limited · Relationship Properties Private Limited · Sterling and Wilson Limited · Shapoorji Pallonji Infrastructure capital co Limited · Shapooji Pallonji Energy (Gujarat) Private. Limited · SP Advanced Engg. Materials Private Limited · SP Fabricators Private. Limited · SCI Forbes Limited · Transtonnelstroy Afcons |
CAPITAL STRUCTURE
AS ON 12.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3728000 |
Equity Shares |
Rs.10/- each |
Rs.37.280 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 |
37.280 |
37.280 |
37.280 |
|
(b) Reserves & Surplus |
1808.378 |
1614.748 |
1265.470 |
|
(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) |
1845.658 |
1652.028 |
1302.750 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
893.792 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
1052.506 |
1279.379 |
769.712 |
|
(d) long-term
provisions |
21.938 |
18.359 |
22.034 |
|
Total Non-current
Liabilities (3) |
1968.236 |
1297.738 |
791.746 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
171.239 |
240.179 |
373.148 |
|
(b) Trade payables |
2092.697 |
1653.956 |
1187.653 |
|
(c) Other
current liabilities |
3335.121 |
2810.964 |
2065.172 |
|
(d) Short-term
provisions |
106.501 |
81.945 |
85.098 |
|
Total Current
Liabilities (4) |
5705.558 |
4787.044 |
3711.071 |
|
|
|
|
|
|
TOTAL |
9519.452 |
7736.810 |
5805.567 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
766.972 |
728.103 |
738.909 |
|
(ii)
Intangible Assets |
57.537 |
78.440 |
18.805 |
|
(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 |
2255.802 |
677.091 |
677.090 |
|
(c) Deferred tax assets (net) |
52.582 |
33.093 |
27.485 |
|
(d) Long-term Loan and Advances |
371.870 |
448.628 |
592.488 |
|
(e) Other
Non-current assets |
15.668 |
14.187 |
91.491 |
|
Total Non-Current
Assets |
3520.431 |
1979.542 |
2146.268 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
1.054 |
502.400 |
1.029 |
|
(b)
Inventories |
2096.080 |
2097.892 |
1215.408 |
|
(c) Trade
receivables |
2032.662 |
1581.004 |
1305.603 |
|
(d) Cash
and cash equivalents |
758.738 |
597.534 |
563.944 |
|
(e)
Short-term loans and advances |
914.687 |
843.844 |
572.825 |
|
(f) Other
current assets |
195.800 |
134.594 |
0.490 |
|
Total
Current Assets |
5999.021 |
5757.268 |
3659.299 |
|
|
|
|
|
|
TOTAL |
9519.452 |
7736.810 |
5805.567 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
14469.080 |
12864.098 |
12002.884 |
|
|
|
Other Income |
246.333 |
311.339 |
341.676 |
|
|
|
TOTAL (A) |
14715.413 |
13175.437 |
12344.560 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock-in-trade |
7291.192 |
7401.604 |
6256.147 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
1.812 |
(882.484) |
(87.597) |
|
|
|
Employee Benefits Expenses |
2261.089 |
2025.997 |
1827.519 |
|
|
|
Other Expenses |
4616.493 |
4025.364 |
3739.753 |
|
|
|
TOTAL (B) |
14170.586 |
12570.481 |
11735.822 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
544.827 |
604.956 |
608.738 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
124.119 |
21.762 |
73.082 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
420.708 |
583.194 |
535.656 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
151.567 |
130.221 |
129.218 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
269.141 |
452.973 |
406.438 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
75.512 |
103.694 |
84.247 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
193.629 |
349.279 |
322.191 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of traded goods exported |
28.435 |
12.664 |
12.668 |
|
|
|
Earning on Interest |
60.565 |
52.998 |
72.846 |
|
|
TOTAL EARNINGS |
89.000 |
65.662 |
85.514 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
517.779 |
437.657 |
337.251 |
|
|
TOTAL IMPORTS |
517.779 |
437.657 |
337.251 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
51.94 |
93.69 |
86.42 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
1.34 |
2.72 |
2.68 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.77 |
4.70 |
5.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.73 |
6.45 |
7.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.27 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.58 |
0.15 |
0.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05 |
1.20 |
0.99 |
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 |
37.280 |
37.280 |
37.280 |
|
Reserves & Surplus |
1265.470 |
1614.748 |
1808.378 |
|
Net
worth |
1302.750 |
1652.028 |
1845.658 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
893.792 |
|
Short term borrowings |
373.148 |
240.179 |
171.239 |
|
Total
borrowings |
373.148 |
240.179 |
1065.031 |
|
Debt/Equity
ratio |
0.286 |
0.145 |
0.577 |
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 |
12002.884 |
12864.098 |
14469.080 |
|
|
|
7.175 |
12.476 |
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
|
12002.884 |
12864.098 |
14469.080 |
|
Profit |
322.191 |
349.279 |
193.629 |
|
|
2.68% |
2.72% |
1.34% |
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 |
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 |
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 |
Yes |
|
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 |
LITIGATION
DETAILS:
|
CALCUTTA HIGH COURT CASE STATUS INFORMATION SYSTEM CASE STATUS: Pending Status of CIVIL SUITS (CS) 212 of 2011 BALMER LAWRIR
AND COMPANY LIMITED
Vs.
EUREKA FORBES Pet’s Adv. : ORR, DIGNAM AND COMPANY Res’s Adv. : Court No. : 0 Last Listed On : No Date Mentioned Category : MONEY
CLAIMS/COMPENSATION/SAMAGES/MESNE PROFITS
Case Updated on : Friday, September 02, 2011 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10481276 |
07/02/2014 |
1,189,000,000.00 |
THE
HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
PLOT
NO 139-140B,SHIV BUILDING,SAHAR ROAD JUNCTION, WESTERN EXPRESSWAY HIGHWAY,
VILE PARLE - EAST, |
B97922918 |
|
2 |
10177591 |
07/09/2009 |
400,000,000.00 |
STATE
BANK OF INDIA |
COMMERCIAL
BRANCH, N. G. N VAIDYA MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
A70549522 |
|
3 |
80038890 |
03/02/2009
* |
1,000,000,000.00 |
STATE
BANK OF INDIA |
COMMERCIAL
BRANCH,, G.N. VAIDYA MARG,, MUMBAI, MAHARASHTRA - 400023, INDIA |
A56467731 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computers
·
Furniture and Fixtures
·
Vehicles
·
Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.50 |
|
|
1 |
Rs.92.16 |
|
Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
73 |
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.