IRA INFORM REPORT
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Report No. : |
330091 |
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Report Date : |
02.07.2015 |
IDENTIFICATION DETAILS
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Name : |
JAIN IRRIGATION
SYSTEMS LIMITED |
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Registered
Office : |
Jain Plastic
Park, N.H. No.6, Bambhori, Jalgaon – 425001, Maharashtra |
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Tel. No.: |
91-257-2258011 |
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Country : |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
30.12.1986 |
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Com. Reg. No.: |
11-042028 |
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Capital
Investment / Paid-up Capital : |
Rs.924.800 Million |
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CIN No.: [Company Identification
No.] |
L29120MH1986PLC042028 |
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IEC No.: |
0388080361 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
NSKJ00066D |
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PAN No.: [Permanent Account No.] |
AAACJ7163Q |
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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
: |
Manufacturer of Plastic Pipes, Plastic Sheets and Green House Fabrication, Drip Irrigation and Sprinkler Irrigation. |
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No. of Employees
: |
8000 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. The rating takes into consideration company’s experienced promoters
supported by leading market position in Micro Irrigation Systems (MIS)
segment along with well diversified product offering and widespread
distribution network. Rating also takes into consideration company’s sound financial risk
profile and fair profitability margins of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered 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
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Rating Agency Name |
CARE |
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Rating |
Long term fund based bank facilities=BBB- |
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Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
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Date |
14.05.2015 |
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Rating Agency Name |
CARE |
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Rating |
Short term non-fund based bank limits= A3 |
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Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
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Date |
14.05.2015 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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
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Name : |
Mr. Manoj Lalchand Lodha |
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Designation : |
Chief Financial Officer |
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Contact No.: |
91-257-2258011 |
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Date : |
01.07.2015 |
LOCATIONS
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Registered Office/ Head/ Research and |
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Tel. No.: |
91-257-2258011/ 2260011/ 22 |
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Fax No.: |
91-257-2258111/ 2261111/ 22 |
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E-Mail : |
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Website: |
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Area : |
71 Acres |
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Location : |
Owned |
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Factory 2 : |
Dhobikuva, Muvad, Padra, Vadodara, |
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Tel. No.: |
91-2662-267281/ 267400 |
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Fax No.: |
91-2662-267363 |
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E-Mail : |
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Area : |
4 Acres |
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Location : |
Owned |
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Factory 3 : |
Jain Hills, |
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Tel. No.: |
91-257-2260033/ 44/ 2260288 |
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Fax No.: |
91-257-2261144 |
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E-Mail : |
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Area : |
236 Acres |
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Location : |
Owned |
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Factory 4 : |
S.No.587 and 588, Village : Kondamadgu, Mandal Bibi Nagar,
District Nalgonda – 508126, |
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Tel
No. : |
91-8685-277302 / 3 |
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Fax
No. : |
91-8685-277305 |
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Factory
5 : |
Site No.258-90, Village Ellaymuthur,
Udumalpet, District |
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Tel
No. : |
91-4252-278401/ 2 |
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Fax
No.: |
91-4252-278403 |
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E-Mail
: |
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Factory
6 : |
100, Gollapalli, Village Gangadhara
Mandal |
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Tel
No. : |
91-8572-273703/ 202022/ 273703 |
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Fax
No.: |
91-8572-273663 |
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E-Mail
: |
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Factory
7 : |
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Tel
No. : |
91-8572-273185/ 86/ 273185/ 202033 |
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Fax
No.: |
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Factory
8: |
Plot No. SP-1, Matsya Industrial Area, Alwar – 301030, |
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Tel
No. : |
91-144-2881173/ 74/ 75/ 99 |
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E-Mail
: |
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Factory
9: |
Survey No.215, JIDC4, At Post Ghangali, Taluka Sihor, District |
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Tel
No.: |
91-2846-294222/ 225503 |
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E-Mail
: |
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Demo
and Research and Development Farm 1
: |
Jain Hills, P.O. Box: 72, Jalgaon – 425001, |
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Demo
and Research and Development Farm 2
: |
At. Takarkheda, Post Kadholi, Taluka Erandol, District Jalgaon –
425001, |
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Demo
and Research and Development Farm 3 : |
Angora Breeding Farm, Village Pirdi, Taluka Mahol, District Kulu, |
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Demo
and Research and Development Farm 4 : |
Site No. 258-90, |
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Demo
and Research and Development Farm 5 : |
Aarogyadham”
Kasturba Nisarga Upchar Kendra, |
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Plants in
Overseas : |
Jain Irrigation Inc. - (Micro
Irrigation) 2851, East, Jain Irrigation Inc. [Winter Haven, Florida]
- P.O. Box 3546, 3857 W. Lake Hamilton Dr. Winter, Haven, FL 33881 Chapin Watermatics, Inc. - (Micro
Irrigation) 740, Cascade Specialities Inc. - (Onion
Dehydration Plant) NuCedar Mills, Inc.- (Building
Products-1000 Sheridan Siding and Trim) Tom
Opar, President and CEO, Street, Sleaford Quality Foods Limited [ NaanDanJain Irrigation System Limited [ NaanDanJain Irrigation System Limited [ NaanDanJain Irrigation System Limited [ NaanDanJain Irrigation System Limited [ NaanDanJain Irrigation System Limited [ Jain Sulama Sistemleri Sanayi Ve Ticaret AS. [ THE Machines SA - Rue de
l’industries 5, CH-1462 YVONAND, ProTool AG - Bernstrasse 52, CH-4923 |
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Laisioning
Office : |
7, |
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Tel
No.: |
91-22-22109090/ 22610011/
22129090/ 22670011 |
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Fax
No. |
91-22-22621177/ 22641177 |
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Sangli-Kolhapur Road, Post Ankali, Taluka Miraj, District
Sangli. - 416415, Maharashtra, India |
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Tel
No.: |
91-233-2422100 |
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Fax
No. |
91-233-2422200 |
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Regional Offices : |
Located at ·
Ferozepur ·
Adilabad ·
Ahmedabad ·
Ahmednagar ·
Amravati ·
Anantapur ·
Aurangabad ·
Bangalore ·
Baramati ·
Bardoli ·
Belgaum ·
Bijapur ·
Bikaner ·
Bilaspur ·
Kutch ·
Buldhana ·
Chamba ·
Chandigarh ·
Chennai ·
Chittoor ·
Cochin ·
Coimbatore ·
Cuddapah ·
Nashik ·
Dehradun ·
Deesa ·
East Godavari ·
Guntur ·
Hamirpur ·
Hyderabad ·
Indore ·
Jalbalpur ·
Jaipur ·
Jalgaon ·
Jhalawad ·
Jhansi ·
Jodhpur ·
Karimnagar ·
Kolkata ·
Kullu ·
Kurnool ·
Latur ·
Lucknow ·
Madurai ·
Sangareddy ·
Nagpur ·
Nalgonda ·
Nanded ·
Vizag ·
Nellore ·
Nizamabad ·
New Delhi ·
Palampur ·
Solapur ·
Vizag ·
Patna ·
Pondicherry ·
Pune ·
Ranchi ·
Ratnagiri ·
Shimla ·
Sendhwa ·
Sirsa ·
Srikakulam ·
Mandi ·
Thane ·
Udaipur ·
Una ·
Vadodara ·
Vijaywada ·
Vishakhapatnam ·
Warangal · Mohali |
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Overseas
offices : |
Located at: ·
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DIRECTORS
AS ON 31.03.2014
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Name : |
Mr. Bhavarlal H. Jain |
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Designation : |
Chairman |
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Address : |
Jain House, 7/8, Suyog Colony, Near Girna Water Tank, Jalgaon – 425002,
Maharashtra, India |
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Qualification : |
B. Com., LL.B. |
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Name : |
Mr. Ashok B. Jain |
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Designation : |
Vice Chairman |
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Address: |
Jain
House, 7/8, Suyog Colony, Near Girna Water Tank, Jalgaon – 425002,
Maharashtra, India |
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Qualification: |
M. Com. |
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Experience:
|
30 Years |
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Date
of Appointment : |
12.01
1987 |
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Name : |
Mr. Anil
Bavarlal Jain |
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Designation : |
Managing Director |
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Address: |
Jain
House, 7/8, Suyog Colony, Near Girna Water Tank, Jalgaon – 425002, Maharashtra,
India |
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Qualification
: |
B.
Com., LL.B. |
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Experience:
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28
Years |
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Date
of Appointment : |
12.01.1987 |
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Name : |
Mr. Ajit B. Jain |
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Designation : |
Joint Managing Director |
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Address: |
Jain House,
7/8, Suyog Colony, Near Girna Water Tank, Jalgaon – 425002, Maharashtra,
India |
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Qualification: |
B.E. |
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Experience:
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28
Years |
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Date
of Appointment : |
11.01.1985 |
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Name : |
Mr. Atul B. Jain |
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Designation : |
Joint Managing Director |
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Qualification: |
B.Com |
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Experience:
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21
Years |
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Date of
Appointment: |
25.08.2009 |
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Name : |
Mr.
R. Swaminathan |
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Designation : |
Director
- Technical |
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Address: |
Jain House,
5/B, Suyog Colony, Near Girna Water Tank, Jalgaon – 425002, Maharashtra,
India |
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Qualification: |
B.
Tech (Chem) |
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Experience:
|
40
Years |
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Name : |
Mr.
Devendra Raj Mehta |
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Designation : |
Director
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Date of
Appointment: |
26.12.2007 |
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Name : |
Mr. Ghaneshyam Dass |
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Designation : |
Director |
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Name
: |
Mrs.
Radhika C Pereira |
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Designation
: |
Director |
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Address: |
Dodhat
Pereira and Associates, 1018, 10th Floor, Maker Chamber V, Nariman Point, Mumbai
– 400021, Maharashtra, India |
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Qualification: |
Bsc.
LLB, LLM ( |
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Name
: |
Mr.
Vasant V. Warty |
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Designation
: |
Director
(Nominee SBI) |
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Name
: |
Mr.
Arunkumar Jain |
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Designation
: |
Director
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Name
: |
Mr. H.
P. Singh |
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Designation
: |
Additional
Director Independent |
KEY EXECUTIVES
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Name : |
Mr. A.V. Ghodgaonkar |
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Designation : |
Company Secretary |
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Name : |
Manoj L. Lodha |
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Designation : |
President – Banking and Finance |
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Audit Committee: |
·
Ghaneshyam Dass – Chairman ·
Vasant V Warty – Member ·
Radhika C Pereira - Member |
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Nomination & Remuneration Committee : |
· Vasant V. Warty – Chairman · Ashok B. Jain – Member · Ajit B. Jain – Member · Radhika Pereira – Member |
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Stakeholders Relationship Committee : |
· Radhika Pereira – Chairperson · Vasant V. Warty – Member · Ajit B. Jain – Member |
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Corporate Social Responsibility Committee : |
· Bhavarlal H. Jain – Chairman · Devendra Raj Mehta – Member · Radhika Pereira – Member |
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Operations Review Committee : |
· Ashok B. Jain – Chairman · Anil B. Jain – Member · Ajit B. Jain – Member · Atul B. Jain – Member · R. Swaminathan – Member |
MAJOR SHAREHOLDERS
AS ON 31.03.2015
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
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(A) Shareholding of Promoter and Promoter Group |
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1026024 |
5.32 |
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|
4830250 |
25.03 |
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|
5856274 |
30.35 |
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Total shareholding of Promoter and Promoter Group (A) |
5856274 |
30.35 |
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(B) Public Shareholding |
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|
634 |
0.00 |
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|
16212 |
0.08 |
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|
442160 |
2.29 |
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|
50 |
0.00 |
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|
50 |
0.00 |
|
|
459056 |
2.38 |
|
|
|
|
|
|
3304577 |
17.13 |
|
|
|
|
|
|
6320288 |
32.76 |
|
|
2360988 |
12.24 |
|
|
992984 |
5.15 |
|
|
225215 |
1.17 |
|
|
228752 |
1.19 |
|
|
329445 |
1.71 |
|
|
207320 |
1.07 |
|
|
2252 |
0.01 |
|
|
12978837 |
67.27 |
|
Total Public shareholding (B) |
13437893 |
69.65 |
|
Total (A)+(B) |
19294167 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
137 |
0.00 |
|
|
137 |
0.00 |
|
Total (A)+(B)+(C) |
19294304 |
0.00 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Promoter and
Promoter Group
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
Bhavarlal H Jain |
1,32,762 |
0.69 |
|
Ashok Bhavarlal Jain |
92,873 |
0.48 |
|
Jyoti Ashok Join |
1,69,075 |
0.88 |
|
Arohi Ashok Join |
13,678 |
0.07 |
|
Attaman Ashok Jain |
2,500 |
0.01 |
|
Anil Bhavarlal Jain |
5,684 |
0.03 |
|
Nisha Anil Join |
76,937 |
0.40 |
|
Athang Anil Jain |
6,638 |
0.03 |
|
Amoli Anil Jain |
15,766 |
0.08 |
|
Ashuli Anil Jain |
6,897 |
0.04 |
|
Ajit Bhavarlal Jain |
4,67,010 |
2.42 |
|
Shobhana Ajit Jain |
23,287 |
0.12 |
|
Abhedya Ajit Jain |
4,481 |
0.02 |
|
Abhang Ajit Jain |
2,500 |
0.01 |
|
Atul Bhavarlal Jain |
5,436 |
0.03 |
|
Bhavana Atul Jain |
500 |
0.00 |
|
Jalgaon Investments Private Limited |
48,30,250 |
25.03 |
|
Total |
58,56,274 |
30.35 |
Shareholding of securities (including shares, warrants, convertible
securities) of persons belonging to the category Public and holding more than
1% of the total number of shares
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
Max life Insurance Company Limited A/c
ULIF00125/06/04LIFEGRWSU P104-Growth Super Fund |
1820727 |
9.44 |
|
Sanjay Ranchhodlal Shah |
500000 |
2.59 |
|
Saurabh Mahesh Agrawal |
339462 |
1.76 |
|
International Finance Corporation |
329445 |
1.71 |
|
M R Rajaram |
234000 |
1.21 |
|
Securities Holdings India Private Limited |
200000 |
1.04 |
|
Total |
3423634 |
17.74 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons (together with PAC) belonging to the category
“Public” and holding more than 5% of the total number of shares of the company
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
Max life Insurance Company Limited A/c
ULIF00125/06/04LIFEGRWSU P104-Growth Super Fund |
1820727 |
9.44 |
|
Total |
1820727 |
9.44 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Plastic Pipes, Plastic Sheets and Green House Fabrication, Drip Irrigation and Sprinkler Irrigation. |
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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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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash, Credit (30 / 60 / 90 Days) |
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Purchasing : |
Cash, Credit (30 / 60 / 90 Days) |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
8000 (Approximately) |
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Bankers : |
· Bank of Baroda, Mumbai · Canara Bank, Jalgaon · DBS Bank Limited, Mumbai · Export Import Bank of India, Mumbai · ICICI Bank Limited, Mumbai · IDBI Bank Limited, Mumbai / Pune · Indian Bank, Mumbai · Rabo Bank International, Mumbai · Standard Chartered Bank, Mumbai · State Bank of India, Mumbai / Jalgaon · State Bank of Patiala, Mumbai · Union Bank of India, Mumbai · Yes Bank Limited, Mumbai |
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Facilities : |
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Auditors : |
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Name : |
Haribhakti and Company Chartered Accountants |
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Address : |
42, Free Press House, 4th Floor, 215, Nariman
Point, Mumbai - 400021, Maharashtra, India |
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Solicitors : |
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Name : |
Mulla and Mulla
and Craigie and Blunt and Caroe |
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Address : |
Mulla House, 51, |
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Name : |
Solomon and Company |
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Address : |
Calcot House, 3rd
Floor, 8/10, M.P. Shetty Marg, ( |
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Membership : |
-- |
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Subsidiary companies (As on 31.03.2014) : |
JISL Overseas Ltd., Mauritius Jain International Trading B.V., Netherland Sustainable Agro-Commercial Finance Ltd. |
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Fellow subsidiary companies - second/ multi-level (As on 31.03.2014) : |
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Companies/ Firms in which Director, Director’s
relatives are Directors/ Shareholders/ Partners Companies (As on
31.03.2014) : |
· Jain Extrusion & Molding Private Limited · Pixel Point Private Limited · Jain Vanguard Polybutelyne Limited · Labh Subh Securities International Limited · Atlaz Technology Private Limited · Jain Brothers Industries Private Limited · JAF Products Private Limited · Cosmos Investment & Trading Private Limited · Jalgaon Investment Private Limited · Stock & Securities (India) Private Limited · Jain e-agro.com India Private Limited · Jain Green Energy Limited · Aadhunik Hi Tech Agriculture Private Limited · Gandhi Research Foundation, · Kantabai Bhavarlal Jain Family Knowledge Institute |
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Partnership Firms (As on 31.03.2014) : |
·
Jain Computer and Allied Services ·
Jalgaon Udyog, ·
Jalgaon Metal & Bricks Manufacturing Company |
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Proprietorship (As on 31.03.2014) : |
·
PVC Trading House ·
Plastic Enterprises ·
Drip & Pipe Suppliers ·
Jain Sons & Investments Corporation |
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Trust (As on 31.03.2014) : |
·
Anubhuti Scholarship Foundation ·
Bhavarlal and Kantabai Jain Multipurpose
Foundation |
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Trust Entities (As on 31.03.2014) : |
·
Jain Family Holding Trust ·
Jain Family Investment Trust ·
Jain Family Enterprises Trust ·
Jain Family Investment Management Trust ·
Jain Family Trust |
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Foreign Companies (As on 31.03.2014) : |
·
Jain Investments & Finance B.V., Netherland ·
Jain Overseas Investments Limited, Mauritius |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital: Not Available
Issued, Subscribed & Paid-up Capital: Rs.924.800 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
926500000 |
Equity Shares |
Rs.2/- each |
Rs.1853.000 Million |
|
5000000 |
Redeemable Preference Shares |
Rs.100/- each |
Rs.500.000 Million |
|
310000000 |
Differential
Voting Rights Equity Shares |
Rs.2/- each |
Rs.620.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 2973.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
435619978 |
Outstanding as at the beginning of the year |
Rs.2/- each |
Rs.871.240 Million |
|
7500000 |
Ordinary equity shares issued (Refer note (d)) |
Rs.2/- each |
Rs.15.000 Million |
|
19294304 |
Shares issued under Differential Voting Rights Shares outstanding at the beginning of the year |
Rs.2/- each |
Rs.38.590 Million |
|
|
|
|
|
|
|
Total |
|
Rs.924.830 Million |
·
Rights,
preferences and restrictions attached to equity shares
Each holder of ordinary equity shares is entitled to one vote per share. They have right to receive dividend proposed by the Board of directors and approved by the shareholders in the annual general meeting, right to receive annual report and other quarterly/half yearly/annually reports/notices and right to get new shares proportionately in case of issuance of additional shares by the company.
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.
·
Terms and
conditions of differential voting rights (DVR)
The DVR equity shareholders have the same rights as the ordinary equity shares of the company except voting rights. Every 10 DVR equity shares have one voting right on poll (on show of hands however, they carry 1 vote for every person voting). Any DVR holder holding less than 10 DVR equity shares hold fractional voting rights. The DVR equity shares have right to receive full dividend, to receive annual report and other information/correspondence from time to time, to receive bonus and/or rights shares of the same class of shares as and when such an issue is made in respect of ordinary equity shares and in the same ratio and terms.
In case of buy back or reduction of capital of ordinary equity shares, the DVR equity shares have right subject to buyback or reduction on the same terms as ordinary equity shares. Further, in case of issue of ordinary equity shares or any other securities or assets to ordinary equity shares in case of amalgamation/demerger/ re-organisation/reconstruction, the DVR equity shares have right to receive DVR equity shares and any other securities/assets as issued to ordinary equity shares. They have right to hold separate class meeting if their rights are affected in any manner adversely.
· The Company has allotted 75,00,000 Ordinary Equity Shares of Rs.2 each for cash at a premium of Rs.84.30 each on 20-Mar-2014 in conversion of 75,00,000 Equity Warrants of Rs.86.30 per Warrant issued on 21-Sep-2012 to Promoters Group.
· Shareholders holding more than 5% of equity share capital/equity share capital with differential voting rights
|
Name of the
Shareholder |
31-Mar-2014 |
|||
|
Ordinary equity shares |
DVR |
|||
|
Number of Shares |
Percentage of holding |
Number of Shares |
Percentage of holding |
|
|
Jalgaon Investments Private Limited |
104105000 |
23.49 |
4830250 |
25.03 |
|
Emerging Markets Growth Fund, Inc. |
4701715 |
1.06 |
476674 |
2.47 |
|
MKCP Institutional Investor (Mauritius) II Limited |
35154335 |
7.93 |
-- |
-- |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF
FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
924.800 |
924.830 |
909.830 |
|
(b) Reserves & Surplus |
22690.000 |
22603.860 |
22294.980 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
161.810 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
23614.800 |
23528.690 |
23366.620 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
14004.000 |
12143.790 |
11779.270 |
|
(b) Deferred tax liabilities (Net) |
1187.800 |
1396.250 |
1810.050 |
|
(c) Other long term
liabilities |
259.000 |
111.970 |
25.340 |
|
(d) long-term provisions |
74.300 |
57.180 |
46.150 |
|
Total Non-current
Liabilities (3) |
15525.100 |
13709.190 |
13660.810 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
14783.900 |
14968.580 |
14211.910 |
|
(b) Trade
payables |
11157.800 |
11000.390 |
11688.860 |
|
(c) Other
current liabilities |
5123.200 |
4597.560 |
4202.660 |
|
(d) Short-term
provisions |
369.700 |
354.730 |
329.500 |
|
Total Current
Liabilities (4) |
31434.600 |
30921.260 |
30432.930 |
|
|
|
|
|
|
TOTAL |
70574.500 |
68159.140 |
67460.360 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
19391.000 |
19831.050 |
19584.650 |
|
(ii)
Intangible Assets |
0.000 |
192.680 |
140.150 |
|
(iii)
Capital work-in-progress |
0.000 |
207.040 |
599.060 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
7318.500 |
7310.930 |
7003.210 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3317.200 |
2530.940 |
1967.260 |
|
(e) Other
Non-current assets |
1339.400 |
1036.350 |
1694.750 |
|
Total Non-Current
Assets |
31366.100 |
31108.990 |
30989.080 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
11551.800 |
11730.810 |
11570.430 |
|
(c) Trade
receivables |
17310.300 |
14846.960 |
15986.790 |
|
(d) Cash
and cash equivalents |
2253.200 |
1219.410 |
1716.940 |
|
(e) Short-term
loans and advances |
5103.600 |
5852.140 |
3951.680 |
|
(f) Other
current assets |
2989.500 |
3400.830 |
3245.440 |
|
Total
Current Assets |
39208.400 |
37050.150 |
36471.280 |
|
|
|
|
|
|
TOTAL |
70574.500 |
68159.140 |
67460.360 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
42417.500 |
41331.120 |
35109.480 |
|
|
|
Other Income |
326.600 |
444.020 |
503.940 |
|
|
|
TOTAL |
42744.100 |
41775.140 |
35613.420 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
25265.100 |
25441.040 |
21687.810 |
|
|
|
Changes in inventories of finished
goods and work in progress |
(115.900) |
(196.150) |
(1294.050) |
|
|
|
Employee benefit expenses |
2430.800 |
2301.990 |
1737.360 |
|
|
|
Other expenses |
8461.400 |
7343.280 |
6754.660 |
|
|
|
Exceptional Items |
566.700 |
1864.760 |
934.190 |
|
|
|
TOTAL |
36608.100 |
36754.920 |
29819.970 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
6136.000 |
5020.220 |
5793.450 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4002.300 |
3908.430 |
4111.540 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2133.700 |
1111.790 |
1681.910 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1784.800 |
1412.640 |
1195.170 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
348.900 |
(300.850) |
486.740 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(145.000) |
(339.880) |
185.680 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
493.900 |
39.030 |
301.060 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
8086.920 |
8345.490 |
8340.660 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
27.100 |
30.110 |
|
|
|
Proposed Equity Dividend |
|
231.210 |
227.460 |
|
|
|
Provision for Dividend Tax on Equity
Dividend |
|
39.290 |
38.660 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
8086.920 |
8345.490 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports (on the basis of bill of lading) |
|
9229.930 |
6113.230 |
|
|
TOTAL EARNINGS |
NA |
9229.930 |
6113.230 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials, Components and Stores and Spares |
|
5277.890 |
5010.570 |
|
|
|
Capital Goods |
|
649.840 |
301.130 |
|
|
TOTAL IMPORTS |
NA |
5927.730 |
5311.700 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.07 |
0.09 |
0.70 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
2276.220 |
2636.300 |
|
Cash generated from operations |
NA |
5100.710 |
3948.960 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin PAT / Sales |
(%) |
1.16 |
0.09 |
0.86 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
14.47 |
12.15 |
16.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
0.55 |
-0.50 |
0.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
-0.01 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.22 |
1.25 |
1.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.20 |
1.20 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs. In
Million |
Rs.
In Million |
|
Share Capital |
909.830 |
924.830 |
924.800 |
|
Reserves & Surplus |
22294.980 |
22603.860 |
22690.000 |
|
Net
worth |
23204.810 |
23528.690 |
23614.800 |
|
|
|
|
|
|
long-term borrowings |
11779.270 |
12143.790 |
14004.000 |
|
Short term borrowings |
14211.910 |
14968.580 |
14783.900 |
|
Current Maturities of Long term debt |
2636.300 |
2276.220 |
0.000 |
|
Total
borrowings |
28627.480 |
29388.590 |
28787.900 |
|
Debt/Equity
ratio |
1.234 |
1.249 |
1.219 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
35109.480 |
41331.120 |
42417.500 |
|
|
|
17.721 |
2.628 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
35109.480 |
41331.120 |
42417.500 |
|
Profit |
301.060 |
39.030 |
493.900 |
|
|
0.86% |
0.09% |
1.16% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION
DETAILS:
|
HIGH
COURT OF BOMBAY
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
UNSECURED LOAN:
|
Particulars |
31.03.2015 Rs.
In Million |
31.03.2014 Rs.
In Million |
|
Long Term
Borrowings |
|
|
|
Andhra Bank |
|
0.000 |
|
External
Commercial Borrowings |
|
|
|
Deferred credit
from supplier |
|
|
|
UBS AG |
|
39.680 |
|
UBS AG |
|
199.530 |
|
UBS AG |
|
348.840 |
|
UBS AG |
|
409.310 |
|
UBS AG |
|
818.490 |
|
Best NV |
|
0.000 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
Other loan |
|
55.000 |
|
|
|
|
|
Total |
NA |
1870.850 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10526651 |
17/09/2014 |
1,500,000,000.00 |
PUNJAB NATIONAL
BANK |
LARGE CORPORATE BRANCH,MAKER
TOWER E,, GROUND FLOOR, CUFFE PARADE,, MUMBAI, MAHARASHTRA - 400005, INDIA |
C30295273 |
|
2 |
10520994 |
28/08/2014 |
701,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWER, WORLD
TRADE COMPLEX,, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C21535414 |
|
3 |
10504924 |
26/06/2014 |
1,000,000,000.00 |
IFCI LIMITED |
IFCI TOWER,, 61,
NEHRU PLACE, NEW DELHI, DELHI -110019, INDIA |
C08078933 |
|
4 |
10506030 |
14/10/2014 * |
29,700,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BUILDING, GROUND
FLOOR, 17, R KAMANI MARG, |
C28847374 |
|
5 |
10489314 |
26/03/2014 |
1,500,000,000.00 |
SYNDICATE BANK |
LARGE CORPORATE BRANCH,
3RD FLOOR, 10 HOMJI STREET, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C03646916 |
|
6 |
10464307 |
24/02/2014 * |
1,500,000,000.00 |
THE SOUTH INDIAN
BANK |
EMCA HOUSE,
GROUND FLOOR,, 289, S B SINGH ROAD, FORT, MUMBAI, MAHARASHTRA - 400038, INDIA |
C04171666 |
|
7 |
10458956 |
17/09/2013 |
66,538,500.00 |
EXPORT IMPORT
BANK OF INDIA |
CENTRE ONE
BUILDING, FLOOR 21, WORLD TRADE CENTRE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B89056089 |
|
8 |
10444400 |
25/07/2013 |
411,180,000.00 |
EXPORT-IMPORT BANK
OF INDIA |
CENTRE ONE
BUILDING, FLOOR 21, WORLD TRADE CENTRE |
B82776915 |
|
9 |
10434071 |
22/05/2013 |
5,686,708.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD,, KOLKATA, WEST BE |
B78398179 |
|
10 |
10433110 |
22/05/2013 |
1,016,016,000.00 |
EXPORT-IMPORT
BANK OF INDIA |
CENTRE ONE
BUILDING, FLOOR 21, WORLD TRADE CENTRE |
B77997740 |
|
11 |
10424122 |
06/05/2013 |
500,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWERWTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B74567736 |
|
12 |
10419002 |
21/04/2014 * |
4,831,810,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BLDG.,
GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA -
400001, INDIA |
C03557360 |
|
13 |
10415976 |
21/03/2013 |
789,000,000.00 |
CANARA BANK |
VISANJI NAGAR,
JALGAON, MAHARASHTRA - 425001, INDIA |
B72052277 |
|
14 |
10402588 |
08/02/2013 |
600,000,000.00 |
RABO INDIA
FINANCE LIMITED |
GF/A-03 B,
GROUND FLOOR,, BUILDING NO. 9, TOWER A, DLF CYBER CITY, PHASE-III, GURGAON,
HARYANA - 122002, INDIA |
B67936245 |
|
15 |
10406496 |
29/01/2013 |
1,561,000,000.00 |
IDBI BANK
LIMITED |
IDBI BANK LTD,
CBG, 2ND FLR, PRIDE HOUSE,, UNIVERSITY RD,GANESHKHIND, NR UNIVERSITY CIRCLE,,
PUNE, MAHARASHTRA - 411016,
INDIA |
B68993385 |
|
16 |
10443248 |
15/12/2012 |
7,025,000.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B76468966 |
|
17 |
10389316 |
09/11/2012 |
700,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWERWTC COMPLEX,
CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B63097737 |
|
18 |
10382902 |
24/09/2012 |
531,000.00 |
CENTRAL BANK OF
INDIA |
REGIONAL OFFICE,
KALA BHAVAN, VIDYUT COLONY, DHUL |
B60620572 |
|
19 |
10382878 |
10/09/2012 |
2,006,977.00 |
CENTRAL BANK OF
INDIA |
REGIONAL OFFICE,
KALA BHAVAN, VIDYUT COLONY, DHULIA ROAD, JALGAON, MAHARASHTRA - 425001, INDIA |
B60608742 |
|
20 |
10382880 |
04/09/2012 |
6,369,295.00 |
CENTRAL BANK OF
INDIA |
REGIONAL OFFICE,
KALA BHAVAN, VIDYUT COLONY, DHULIA ROAD, JALGAON, MAHARASHTRA - 425001, INDIA |
B60609302 |
|
21 |
10374545 |
03/08/2012 |
4,270,000.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA |
B57302168 |
|
22 |
10368538 |
09/07/2012 |
903,000,000.00 |
IDFC LIMITED |
KRM TOWER, 8TH
FLOOR,, NO. 1, HARRINGTON ROAD, CHETPET, CHENNAI, TAMIL NADU - 600031, INDIA |
B44910925 |
|
23 |
10344303 |
28/03/2012 |
750,000,000.00 |
GE CAPITAL
SERVICES INDIA |
AIFCS
BUILDING,IST FLOOR,, 1,RAFI MARG,, NEW DELHI, DELHI - 110001, INDIA |
B35828672 |
|
24 |
10352906 |
21/03/2012 |
500,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,, DR.ANNIE BESANT ROAD, WORLI,, MUMBAI,
MAHARASHTRA - 400018, INDIA |
B38658605 |
|
25 |
10352487 |
13/03/2012 |
1,000,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,, DR. ANNIE
BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA - 400018,
INDIA |
B38497913 |
|
26 |
10352908 |
13/03/2012 |
1,000,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,, DR.ANNIE BESANT ROAD, WORLI,, MUMBAI,
MAHARASHTRA - 400018, INDIA |
B38658910 |
|
27 |
10308502 |
28/09/2011 |
903,000,000.00 |
INFRASTRUCTURE
DEVELOPMENT FINANCE COMPANY LIMITED |
KRM TOWER, 8TH
FLOOR,, NO. 1, HARRINGTON ROAD, CHETPET, CHENNAI, TAMIL NADU - 600031, INDIA |
B21689567 |
|
28 |
10311557 |
30/08/2011 |
750,000,000.00 |
SICOM LIMITED |
SOLITAIRE
CORPORATE PARK, BUILDING NO.4, ANDHERI KURLA
ROAD, CHAKALA, ANDHERI (EAST), MUMBAI, MAHARASHTRA - 400093, INDIA |
B23094006 |
|
29 |
10303480 |
11/10/2014 * |
20,373,700,000.00 |
STATE BANK OF
INDIA |
CORPORATE ACCOUNT
GROUP II, "THE CAPITAL", A WING, |
C26919571 |
|
30 |
10290362 |
06/09/2011 * |
1,000,000,000.00 |
CENTRAL BANK OF
INDIA |
CORPROATE FINANCE
BRANCH,1ST FLOOR, M.M.O.BUILDING, M.G ROAD, FORT, MUMBAI, MAHARASHTRA -
400023, INDIA |
B20587127 |
|
31 |
10285465 |
21/04/2011 |
664,500,000.00 |
INTERNATIONAL
FINANCE CORPORATION |
2121 PENNSYLVANIA
AVENUE, N.W., WASHINGTON, D C 20433, WASHINGTON, - 20433, UNITED STATES OF
AMERICA |
B12235453 |
|
32 |
10289273 |
21/04/2011 |
664,500,000.00 |
INTERNATIONAL
FINANCE CORPORATION |
2121
PENNSYLVANIA AVENUE, N.W., WASHINGTON, D C 2 |
B12235198 |
|
33 |
10280910 |
15/04/2011 |
500,000,000.00 |
AXIS BANK LTD |
JEEVAN PRAKASH
BUILDING, SIR. P. M. ORAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B10644706 |
|
34 |
10211218 |
17/06/2013 * |
841,350,000.00 |
STANDARD
CHARTERED BANK |
CRESCENZO, 7TH
FLOOR, C-38-39, G- BLOCK, BEHIND M |
B79969432 |
|
35 |
10203974 |
23/02/2010 |
691,950,000.00 |
INTERNATIONAL FINANCE
CORPORATION |
2121
PENNSYLVANIA AVENUE, N.W., WASHINGTON, D.C. |
A79871901 |
|
36 |
10203975 |
23/02/2010 |
691,950,000.00 |
INTERNATIONAL
FINANCIAL CORPORATION |
2121 PENNSYLVANIA
AVENUE, N W, WASHINGTON, D.C. 20433, WASHINGTON, - 20433, UNITED STATES OF
AMERICA |
A79872636 |
|
37 |
10203973 |
31/05/2011 * |
695,550,000.00 |
EXPORT IMPORT
BANK OF INDIA |
CENTRE ONE BUILDING,
FLOOR 21,, WORLD TRADE CENTRE COMPLEX, CUFFE PARADE,, MUMBAI, MAHARASHTRA -
400005, INDIA |
B16624850 |
|
38 |
10178343 |
31/05/2011 * |
120,525,000.00 |
EXPORT IMPORT
BANK OF INDIA |
CENTRE ONE BUILDING,
FLOOR 21,, WORLD TRADE CENTRE COMPLEX, CUFFE PARADE,, MUMBAI, MAHARASHTRA -
400005, INDIA |
B16624140 |
|
39 |
10155942 |
06/05/2009 |
742,500,000.00 |
INTERNATIONAL
FINANCE CORPORATION |
2121
PENNSYLVANIA AVENUE, N. W., WASHINGTON, D.C. |
A61768685 |
|
40 |
10158859 |
06/05/2009 |
742,500,000.00 |
INTERNATIONAL
FINANCE CORPORATION |
2121
PENNSYLVANIA AVENUE, N W, WASHINGTON, D.C. 20433, WASHINGTON, - 20433, UNITED
STATES OF AMERICA |
A61768164 |
|
41 |
10129847 |
26/09/2008 |
13,600,000.00 |
CANARA BANK |
VISANJI NAGAR,
JALGAON, MAHARASHTRA - 425001, INDIA |
A50411958 |
|
42 |
10114667 |
04/07/2008 |
641,850,000.00 |
INTERNATIONAL
FINANCE CORPORATION |
2121 PENNSYLVANIA
AVENUE, N.W., WASHINGTON, WASHI |
A42436188 |
|
43 |
10114857 |
04/07/2008 |
641,850,000.00 |
INTERNATIONAL
FINANCE CORPORATION |
2121 PENNSYLVANIA
AVENUE, N W, WASHINGTON, D.C. 20433, WASHINGTON, - 20433, UNITED STATES OF
AMERICA |
A42488700 |
|
44 |
10306942 |
07/03/2008 |
320,000,000.00 |
STANDARD
CHARTERED BANK |
90, M.G. ROAD,,
FORT,, MUMBAI, MAHARASHTRA - 400001, INDIA |
A70551023 |
|
45 |
10075526 |
19/10/2007 |
200,000,000.00 |
EXPORT IMPORT
BANK OF INDIA |
CENTRE ONE
BUILDING, FLOOR 21,, WORLD TRADE CENTRE COMPLEX, CUFFE PARADE,, MUMBAI,
MAHARASHTRA - 400005, INDIA |
A26655829 |
|
46 |
10061282 |
26/07/2007 |
5,600,000.00 |
CANARA BANK |
VISANAJI NAGAR,
JALGAON, MAHARASHTRA - 425001, INDIA |
A19517663 |
|
47 |
10065679 |
07/03/2008 * |
210,000,000.00 |
EXPORT IMPORT
BANK OF INDIA |
CENTRE ONE
BUILDING, FLOOR 21, WORLD TRADE COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005,
INDIA |
A38883344 |
|
48 |
10053625 |
24/05/2007 |
500,000,000.00 |
EXPORT IMPORT
BANK OF INDIA |
CENTRE ONE
BUILDING, FLOOR21, WORLD TRADE CENTRE |
A15982119 |
|
49 |
10051530 |
25/04/2007 |
150,000,000.00 |
EXPORT-IMPORT
BANK OF INDIA |
CENTRE ONE
BUILDING, FLOOR 21,, WORLD TRADE CENTRE COMPLEX, CUFFE PARADE, MUMBAI,
MAHARASHTRA - 400005, INDIA |
A15371610 |
|
50 |
10038858 |
07/03/2008 * |
354,400,000.00 |
EXPORT IMPORT BANK
OF INDIA |
CENTRE ONE
BUILDING, FLOOR 21, WORLD TRADE COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA -
400005, INDIA |
A38883435 |
|
51 |
10044639 |
09/02/2007 |
100,000,000.00 |
EXPORT IMPORT
BANK OF INDIA |
CENTRE ONE
BUILDING, FLOOR21, WORLD TRADE CENTRE |
A11406402 |
|
52 |
80006684 |
18/05/2006 * |
200,000,000.00 |
EXPORT-IMPORT
BANK OF INDIA |
CENTRE ONE
BUILDING, FLOOR - 21,, WORLD TRADE CENTRE, CUFFE PARADE,, MUMBAI, MAHARASHTRA
- 400005, INDIA |
- |
|
53 |
80002834 |
23/03/2006 * |
300,000,000.00 |
UTI BANK LIMITED |
CENTRAL OFFICE :
MAKER TOWERS, "F", 13TH FLOOR, CUFFE PARADE, COLABA, MUMBAI,
MAHARASHTRA - 400005, INDIA |
- |
|
54 |
80017394 |
31/01/2005 |
86,800,000.00 |
EXPORT IMPORT BANK
OF INDIA |
WTC, CENTER 1,
CUFFE PARADE, MUMBAI, MAHARASHTRA |
- |
|
55 |
80017395 |
31/01/2005 |
91,200,000.00 |
EXPORT IMPORT
BANK OF INDIA |
WTC, CENTER1,
CUFFE PARADE, MUMBAI, MAHARASHTRA - |
- |
|
56 |
80016022 |
31/03/2003 |
40,000,000.00 |
EXPORT IMPORT
BANK OF INDIA |
CUFFE PARADE,
MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
57 |
80016018 |
31/03/2003 |
53,800,000.00 |
EXPORT IMPORT
BANK OF INDIA |
CUFFE PARADE,
MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
58 |
80017401 |
31/03/2003 |
60,000,000.00 |
EXPORT IMPORT
BANK OF INDIA |
WTC, CENTER 1,
MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
*Date of modification Charges
FIXED ASSETS:
v
TANGIBLE
ASSETS
· Free hold land
· Lease hold land
· Factory buildings and Godown
· Green/poly/shed houses
· Plant and equipment’s
· Furniture and fixtures
· Office equipment
· Vehicles
· Orchard activities
· Live stock
v
INTANGIBLE
ASSETS
· Goodwill
· Product development
· Computer software
· Technical knowhow
· Non-compete fees
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.63.62 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.70.77 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
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.