MIRA INFORM REPORT
|
Report No. : |
330145 |
|
Report Date : |
02.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
NILKAMAL LIMITED (w.e.f. 05.01.2007) |
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|
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Formerly Known
As : |
NILKAMAL PLASTICS LIMITED |
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Registered
Office : |
Survey No. 354/2 and 354/3, Near Rakholi Bridge, Silvassa Khanvel
Road, Village Vasona, Silvassa – 396230, Union Territory of Dadra and Nagar
Haveli |
|
Tel. No.: |
91–2551–221053 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
05.12.1985 |
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Com. Reg. No.: |
54-000162 |
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Capital
Investment / Paid-up Capital : |
Rs. 149.225 Million |
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CIN No.: [Company Identification
No.] |
L25209DN1985PLC000162 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN07184C |
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PAN No.: [Permanent Account No.] |
AAACN2329N |
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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 home and office furniture. |
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No. of Employees
: |
3500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Status : |
Good |
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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. Rating takes into consideration the company’s healthy financial risk profile
marked by steady operational performance and strong net worth base of the
company in FY 15. Rating also derive strength from well-established market position of
company in moulded plastic industry and its reputed brand name in plastic material
handling and furniture segment. Trade relations are reported to be 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 |
CARE |
|
Rating |
Long Term Fund-Based (AA-) |
|
Rating Explanation |
High degree of safety and low credit risk |
|
Date |
17.10.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Non-Fund Based (A1+) |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
17.10.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Paresh B. Mehta |
|
Designation : |
Finance Manger |
|
Contact No.: |
91-251-221053 |
|
Date : |
01.07.2015 |
LOCATIONS
|
Registered Office / Vasona Factory : |
Survey No. 354/2 and 354/3, Near Rakholi Bridge, Silvassa Khanvel Road,
Village Vasona, Silvassa – 396230, Union Territory of Dadra and Nagar Haveli
India |
|
Tel. No.: |
91–2551–221053 / 220156 / 220552 91-260-2699082 / 2699083 |
|
Fax No.: |
91–2551–220772 91-260-2699215 |
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Email : |
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Website : |
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Corporate/ Administrative Office : |
Nilkamal House, 77/ 78, Road No. 13/14, M.I.D.C., Andheri (East),
Mumbai – 400 093, |
|
Tel No.: |
91–22–28361366 / 28211172 / 28231471 / 26818888 / 26818628 |
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Fax No.: |
91–22–28367891 / 28361923 |
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Email : |
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Barjora Factory : |
Plot No. 1498/2613, WBIDC, |
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Hosur Factory: |
Part of Survey No.149, 151 to 153, 227/ 2K3 and 299/1,
Next to GNB Factory, Koneripalli Post, Nallaganakothapalli Village, Hosur Taluk,
Krishnageri-635 117 District, Tamilnadu, India |
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Phase – II,
Industrial Growth Centre, Samba – 184 121, Jammu and Kashmir, India |
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Hooghly Factory
: |
Dayanidhan Compound,
Godown No- 1A and 2, Delhi High Road, Dankuni, Village: Monoharpur, J. L. No.
98, Touzi No. 17, Police Station - Chanditala, District – Hooghly - 712311,
West Bengal, India |
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Kharadpada Factory : |
Survey No. 389, 391, 393, 396 and 401, Naroli – |
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Noida Factory : |
Plot No. 26, B/C Sector No. 31, Surajpur - |
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19/3-5, 18/1 and 21/6, Pit-Olaivaikkal Village, Koodapakam Villianoor
Road, Villianoor Taluk, Pondicherry - 605 110, India |
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Sinnar Factory : |
STICE, Plot No. 971/1A, |
DIRECTORS
|
Name : |
Mr. Dadi B. Engineer |
|
Designation : |
Director |
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|
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|
Name : |
Mr. K. R. Ramamoorthy |
|
Designation : |
Director |
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Date of Birth/Age : |
08.07.1940 |
|
Qualification : |
B. A., B.L., F.C.S. |
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Date of Appointment : |
31.10.2003 |
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|
Name : |
Mr. M. D. Mallya |
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Designation : |
Director |
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|
Name : |
Mr. Mahendra V. Doshi |
|
Designation : |
Director |
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|
Name : |
Mr. Mufazzal S. Federal |
|
Designation : |
Director |
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Name : |
Mr. S. K. Palekar |
|
Designation : |
Director |
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Date of Birth/Age : |
23.08.1949 |
|
Qualification : |
B.Sc., M.Sc., M.M.S. |
|
Date of Appointment : |
17.04.2012 |
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|
Name : |
Mr. Hiten V. Parekh |
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Designation : |
Executive Director |
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|
Name : |
Mr. Manish V. Parekh |
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Designation : |
Executive Director |
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|
Name : |
Mr. Nayan S. Parekh |
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Designation : |
Executive Director |
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|
Name : |
Mr. Sharad V. Parekh |
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Designation : |
Managing Director |
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Date of Birth/Age : |
08.03.1972 |
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Qualification : |
B.S. Plastic Engineering, U.S.A |
|
Date of Appointment : |
01.04.2000 |
|
|
|
|
Name : |
Mr. Vamanrai V. Parekh |
|
Designation : |
Chairman |
KEY EXECUTIVES
|
Name : |
Mr.
Paresh B. Mehta |
|
Designation : |
Financial Controller |
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|
|
|
Name : |
Ms. Priti
P. Dave |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2015
|
Category
of Shareholder |
Total No.
of Shares |
Total
Shareholding as a % of Total No. of Shares |
|
As a % of (A+B) |
||
|
(A) Shareholding of Promoter
and Promoter Group |
||
|
|
|
|
|
|
7193507 |
48.21 |
|
|
2376500 |
15.93 |
|
|
9570007 |
64.13 |
|
|
|
|
|
Total shareholding of Promoter
and Promoter Group (A) |
9570007 |
64.13 |
|
(B) Public Shareholding |
||
|
|
|
|
|
|
600300 |
4.02 |
|
|
31231 |
0.21 |
|
|
336041 |
2.25 |
|
|
967572 |
6.48 |
|
|
|
|
|
|
721698 |
4.84 |
|
|
|
|
|
|
2153391 |
14.43 |
|
|
1193861 |
8.00 |
|
|
315996 |
2.12 |
|
|
194835 |
1.31 |
|
|
121161 |
0.81 |
|
|
4384946 |
29.38 |
|
Total Public shareholding (B) |
5352518 |
35.87 |
|
Total (A)+(B) |
14922525 |
100.00 |
|
(C) Shares held by Custodians
and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
14922525 |
100.00 |
Shareholding of
securities (including shares, warrants, convertible securities) of persons
belonging to the category Promoter and Promoter Group
|
Sl.No. |
Name of
the Shareholder |
Details of
Shares held |
|
|
No. of
Shares held |
As a % of
grand total (A)+(B)+(C) |
||
|
1 |
Nilkamal Builders Private
Limited |
14,64,000 |
9.81 |
|
2 |
Heirloom Finance Private
Limited |
9,12,000 |
6.11 |
|
3 |
Vamanrai V Parekh |
8,89,105 |
5.96 |
|
4 |
Sharad V Parekh |
5,31,004 |
3.56 |
|
5 |
Hiten V Parekh |
2,83,996 |
1.90 |
|
6 |
Manish V Parekh |
3,58,776 |
2.40 |
|
7 |
Nayan S Parekh |
6,61,146 |
4.43 |
|
8 |
Vamanrai V Parekh HUF |
6,382 |
0.04 |
|
9 |
Sharad V Parekh HUF |
7,223 |
0.05 |
|
10 |
Hiten V Parekh HUF |
5,000 |
0.03 |
|
11 |
Manish V Parekh HUF |
4,500 |
0.03 |
|
12 |
Purvi N Parekh |
24,172 |
0.16 |
|
13 |
Smriti H Parekh |
7,101 |
0.05 |
|
14 |
Manju M Parekh |
11,844 |
0.08 |
|
15 |
Priyanka H Parekh |
5,000 |
0.03 |
|
16 |
Mihir H Parekh |
11,900 |
0.08 |
|
17 |
Eashan M Parekh |
10,000 |
0.07 |
|
18 |
Shrimant Holding Private
Limited |
500 |
0.00 |
|
19 |
Rajul M Gandhi |
18,051 |
0.12 |
|
20 |
Manoj K Gandhi |
6,210 |
0.04 |
|
21 |
Vamanrai V Parekh |
9,06,357 |
6.07 |
|
22 |
Sharad V Parekh |
7,61,904 |
5.11 |
|
23 |
Hiten V Parekh |
9,25,966 |
6.21 |
|
24 |
Manish V Parekh |
4,55,639 |
3.05 |
|
25 |
Nayan S Parekh |
5,40,327 |
3.62 |
|
26 |
Purvi N Parekh |
3,80,952 |
2.55 |
|
27 |
Manju M Parekh |
3,80,952 |
2.55 |
|
|
Total |
95,70,007 |
64.13 |
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
|
Sl. No. |
Name of
the Shareholder |
No. of Shares
held |
Shares as
% of Total No. of Shares |
|
|
1 |
Reliance Capital Trustee Co.
Limited A/c Relianceregular Savings Fund - Equity Option |
600000 |
4.02 |
|
|
2 |
Seetha Kumari |
295136 |
1.98 |
|
|
3 |
Sweta Vikash Shah |
151327 |
1.01 |
|
|
4 |
Dolly Khanna |
248165 |
1.66 |
|
|
5 |
Premier Investment Fund Limited
|
195102 |
1.31 |
|
|
6 |
Cello Pens & Stationery
Private Limited |
160678 |
1.08 |
|
|
|
Total |
1650408 |
11.06 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of home and office furniture. |
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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 : |
Home and Office Furniture |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit (30/60/90 Days) |
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Purchasing : |
Cash and Credit (30/60/90 Days) |
PRODUCTION STATUS : Not
Available
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
3500 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors 1 : |
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|
Name : |
BSR and Associates LLP Chartered Accountant |
|
Address : |
1st Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalakshmi,
Mumbai – 400011, Maharashtra, India |
|
|
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Auditors 2 : |
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|
Name : |
Vora and Associates Chartered Accountant |
|
Address : |
101-103, Rew Chambers, 31 New Marine Lines, Mumbai – 400020, India |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Foreign
Subsidiaries where control exists (As on 31.03.2014): |
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Joint Venture (As
on 31.03.2014): |
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Enterprise owned or
significantly influenced by key Management Personnel or their relatives, where
transactions have taken place (As on 31.03.2014): |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22000000 |
Equity Shares |
Rs. 10/- each |
Rs. 220.000 Million |
|
3000000 |
Preference Shares |
Rs. 10/- each |
Rs. 30.000 Million |
|
|
Total |
|
Rs.250.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14922525 |
Equity Shares |
Rs. 10/- each |
Rs.149.225
Million |
|
|
|
|
|
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 |
149.225 |
149.225 |
149.225 |
|
(b) Reserves &
Surplus |
4775.125 |
4478.245 |
4141.848 |
|
(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) |
4924.350 |
4627.470 |
4291.073 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
439.416 |
928.200 |
1117.888 |
|
(b) Deferred tax
liabilities (Net) |
157.780 |
243.045 |
219.044 |
|
(c) Other long term
liabilities |
370.744 |
332.690 |
323.735 |
|
(d) long-term provisions |
69.602 |
67.970 |
70.558 |
|
Total Non-current
Liabilities (3) |
1037.542 |
1571.905 |
1731.225 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1252.390 |
1759.917 |
2425.451 |
|
(b) Trade payables |
953.238 |
941.569 |
939.141 |
|
(c) Other current
liabilities |
808.205 |
840.509 |
697.600 |
|
(d) Short-term provisions |
229.054 |
221.281 |
194.284 |
|
Total Current Liabilities
(4) |
3242.887 |
3763.276 |
4256.476 |
|
|
|
|
|
|
TOTAL |
9204.779 |
9962.651 |
10278.774 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2850.374 |
3285.639 |
3360.354 |
|
(ii) Intangible Assets |
0.000 |
40.157 |
21.840 |
|
(iii) Capital
work-in-progress |
0.000 |
21.547 |
42.054 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
255.629 |
255.629 |
252.959 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
521.668 |
564.477 |
513.093 |
|
(e) Other Non-current
assets |
10.711 |
4.374 |
5.442 |
|
Total Non-Current Assets |
3638.382 |
4171.823 |
4195.742 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2766.690 |
3006.349 |
3052.563 |
|
(c) Trade receivables |
2315.500 |
2175.509 |
2297.417 |
|
(d) Cash and cash
equivalents |
82.026 |
180.523 |
254.290 |
|
(e) Short-term loans and
advances |
359.760 |
369.640 |
419.638 |
|
(f) Other current assets |
42.421 |
58.807 |
59.124 |
|
Total Current Assets |
5566.397 |
5790.828 |
6083.032 |
|
|
|
|
|
|
TOTAL |
9204.779 |
9962.651 |
10278.774 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
17866.592 |
16547.686 |
16106.588 |
|
|
Other Income |
62.496 |
35.265 |
41.897 |
|
|
TOTAL (A) |
17929.088 |
16582.951 |
16148.485 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
6876.169 |
5973.286 |
6369.720 |
|
|
Purchases of
Stock-in-Trade |
4302.816 |
4268.320 |
4171.079 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
149.862 |
191.576 |
(360.735) |
|
|
Employees benefits
expense |
1129.351 |
1053.955 |
1016.302 |
|
|
Other expenses |
4008.420 |
3611.081 |
3642.423 |
|
|
TOTAL (B) |
16466.618 |
15098.218 |
14838.789 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
1462.470 |
1484.733 |
1309.696 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
319.756 |
414.247 |
429.746 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1142.714 |
1070.486 |
879.950 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION
(F) |
537.567 |
489.220 |
443.432 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
605.147 |
581.266 |
436.518 |
|
|
|
|
|
|
|
Less |
TAX (H) |
180.536 |
180.951 |
124.616 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
424.611 |
400.315 |
311.902 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD (J) |
|
1730.911 |
1528.809 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
|
300.000 |
40.000 |
|
|
Dividend |
|
59.700 |
59.700 |
|
|
Tax on Dividend |
|
9.100 |
10.100 |
|
|
Total (K) |
|
368.800 |
109.800 |
|
|
|
NA |
|
|
|
|
Balance Carried to the
B/S (I+J-K) |
|
1762.426 |
1730.911 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
457.200 |
404.200 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
|
529.361 |
654.689 |
|
|
Traded Goods |
|
856.039 |
946.044 |
|
|
Stores, Spares etc. |
|
23.844 |
54.420 |
|
|
Capital Goods |
|
79.189 |
208.755 |
|
|
TOTAL IMPORTS |
|
1485.433 |
1863.908 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
26.83 |
26.83 |
20.90 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
510.653 |
397.704 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.38 |
2.42 |
1.94 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.19 |
8.97 |
8.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.76 |
6.00 |
4.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.13 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.34 |
0.69 |
0.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.72 |
1.54 |
1.43 |
STOCK
PRICES
|
Face Value |
Rs. 10/- |
|
Market Value |
Rs. 592/- (BSE) |
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 |
149.225 |
149.225 |
149.225 |
|
Reserves & Surplus |
4141.848 |
4478.245 |
4775.125 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
4291.073 |
4627.470 |
4924.350 |
|
|
|
|
|
|
long-term borrowings |
1117.888 |
928.200 |
439.416 |
|
Short term borrowings |
2425.451 |
1759.917 |
1252.390 |
|
Current Maturities of
Long Term Debt |
397.704 |
510.653 |
0.000 |
|
Total borrowings |
3941.043 |
3198.770 |
1691.806 |
|
Debt/Equity ratio |
0.918 |
0.691 |
0.344 |
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 |
16106.588 |
16547.686 |
17866.592 |
|
|
|
2.739 |
7.970 |
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 |
16106.588 |
16547.686 |
17866.592 |
|
Profit |
311.902 |
400.315 |
424.611 |
|
|
1.94% |
2.42% |
2.38% |
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 |
No |
|
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) |
Yes |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10444353 |
30/07/2013 |
282,800,000.00 |
DBS BANK LTD |
DLF CAPITOL POINT,
GROUND AND FIRST FLOOR, BABA |
B82747262 |
|
2 |
10012972 |
24/04/2015 * |
5,300,400,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH,
N.G.N. VAIDYA MARG, MUMBAI, |
C51436517 |
|
3 |
90098636 |
24/04/2015 * |
5,017,600,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH,
N.G.N. VAIDYA MARG, MUMBAI, |
C51437887 |
* Date of charge modification
FIXED ASSETS
·
Freehold Land
·
Leasehold Land
·
Buildings
·
Plant and Equipments
·
Furniture, Fixtures
·
Office Equipment’s
·
Vehicles
·
Lease Equipments
·
Leasehold Improvement
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 : |
PPT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
TRU |
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 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
58 |
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.