MIRA INFORM REPORT
|
Report No. : |
331519 |
|
Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SANMAN TRADE IMPEX PRIVATE LIMITED |
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Registered
Office : |
1410, Maker Chambers V, Nariman Point, Mumbai – 400021,
Maharashtra |
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Tel. No.: |
91-22-22832170 / 22824444 / 22850669 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
22.11.1996 |
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Com. Reg. No.: |
11-104099 |
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Capital
Investment / Paid-up Capital : |
Rs.33.900 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U51900MH1996PTC104099 |
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|
|
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IEC No.: |
0399007768 |
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|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMS27612E |
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PAN No.: [Permanent Account No.] |
AADCS2973A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trading and Distribution
of Commodities like Chemicals, Petrochemicals, Solvents, Metals, Polymers,
Paper Products and Pharmaceuticals Products.
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|
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|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a well-established company having fine track record. For the financial year ended 2014, company possesses healthy
operational performance and it has achieved profit from its operations during
a year under a review. Rating also reflects extensive experience of Sanman’s promoters in
trading in petrochemicals, metals, polymers, paper and bulk chemicals
supported by sound financial base and fair liquidity position of the
company. Tarde relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and condition. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk.
|
|
Date |
28.01.2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating : A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
28.01.2015 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Satish Naidu |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-22824444 |
|
Date : |
10.07.2015 |
LOCATIONS
|
Registered Office : |
1410, Maker Chambers V, Nariman Point, Mumbai – 400021, Maharashtra,
India |
|
Tel. No.: |
91-22-22832170 / 22824444 / 22850669 |
|
Fax No.: |
91-22-22821605 / 22824440 |
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E-Mail : |
|
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Website : |
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Location : |
Owned |
|
|
|
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Corporate Office : |
701-712-A, Embassy Centre, Nariman Point, Mumbai – 400021,
Maharashtra, India |
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Tel. No.: |
91-22-22624444 / 33554444 |
|
Fax No.: |
91-22-22824440 / 39412333 |
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E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Nitinkumar Deendayal Didwania |
|
Designation : |
Director |
|
Address : |
172, Kshitu, 47, Nepeansea Road, Mumbai-400036, Maharashtra, India |
|
Date of Birth/Age : |
23.06.1974 |
|
Date of Appointment : |
12.04.1999 |
|
DIN No.: |
00210289 |
|
|
|
|
Name : |
Mrs. Sushmadevi Deendayal Didwania |
|
Designation : |
Director |
|
Address : |
172, Kshitu, 47, |
|
Date of Birth/Age : |
30.09.1955 |
|
Date of Appointment : |
12.04.1999 |
|
DIN No.: |
00210240 |
|
|
|
|
Name : |
Mr. Saurabh Dipak Sanghavi |
|
Designation : |
Director |
|
Address : |
66, Kamal Builidng, 69, Walkeshwar Road, Mumbai – 400006, Maharashtra,
India |
|
Date of Birth/Age : |
05.08.1974 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
02000411 |
KEY EXECUTIVES
|
Name : |
Mr. Satish Naidu |
|
Designation : |
Senior Manager – Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No.
of Shares |
%age
holding |
|
|
|
|
|
Nitinkumar Deendayal Didwania |
3389340 |
99.98 |
|
Sushmadevi Deendayal Didwania |
660 |
0.02 |
|
|
|
|
|
Total |
3390000 |
100.00 |
AS ON 30.09.2014
Equity Shares Break – up
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading and Distribution
of Commodities like Chemicals, Petrochemicals, Solvents, Metals, Polymers,
Paper Products and Pharmaceuticals Products.
|
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|
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Chemicals |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit (30 days / 60 days / 90 days) |
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Purchasing : |
Cash and Credit (30 days / 60 days / 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 : |
Information declined by management |
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Bankers : |
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Facilities : |
NOTE : Long Term
Borrowings Equitable mortgage of property being the land at Survey No. 21, Rameshwar Wadi Village, Khatav Taluk, Satara district in the state of Maharashtra and hypothecation of 2 nos. 600 KW Wind Electric Generator consisiting each of tower, 1 set of blades, nacelle, control panel, transformer and internal cables. Collateral Personal Guarantee of the promoter Director The above term loan exclude Rs. 3.143 Million (P.Y. Rs. 3.143 Million) falling due for payment within one year, which is shown as Other Current Liabilities Term Loan for windmill is repayable in 28 Quarterly installments starting from October 2010 onwards.The rate of interest of the outstanding loan is Base Rate + 2%. |
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Auditors : |
|
|
Name : |
Shabbier S. Bagasrawala Chartered Accountants |
|
Address : |
63, Narayan
Niwas, 1st Floor, Aarey Road,
Goregaon (West),Mumbai-400062, Maharashtra, India |
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PAN No.: |
AACFS5834Q |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprise over
which Key Managerial Personnel are able to exercise significant influence : |
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CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9,000,000 |
Equity Shares |
Rs.10/- each |
Rs.90.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,390,000 |
Equity Shares |
Rs.10/- each |
Rs.33.900 Million |
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|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Million]
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 |
33.900 |
33.900 |
30.000 |
|
(b) Reserves & Surplus |
1357.428 |
1334.308 |
517.839 |
|
(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) |
1391.328 |
1368.208 |
547.839 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5.603 |
7.997 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
11.545 |
12.417 |
7.824 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
17.148 |
20.414 |
7.824 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
349.156 |
193.218 |
194.027 |
|
(b) Trade payables |
1586.304 |
1414.904 |
523.491 |
|
(c) Other current liabilities |
86.976 |
19.613 |
13.416 |
|
(d) Short-term provisions |
1.864 |
6.656 |
0.000 |
|
Total
Current Liabilities (4) |
2024.300 |
1634.391 |
730.934 |
|
|
|
|
|
|
TOTAL |
3432.776 |
3023.013 |
1286.597 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
38.754 |
43.048 |
28.762 |
|
(ii) Intangible Assets |
484.800 |
646.400 |
0.000 |
|
(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 |
4.796 |
2.596 |
0.660 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.440 |
1.225 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.190 |
|
Total
Non-Current Assets |
528.790 |
693.269 |
29.612 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
665.019 |
314.023 |
249.977 |
|
(c) Trade receivables |
2008.687 |
1785.764 |
884.025 |
|
(d) Cash and cash equivalents |
157.841 |
166.025 |
96.371 |
|
(e) Short-term loans and
advances |
72.439 |
63.932 |
26.612 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
2903.986 |
2329.744 |
1256.985 |
|
|
|
|
|
|
TOTAL |
3432.776 |
3023.013 |
1286.597 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
7392.300 |
|
|
|
|
Others Income |
|
|
|
|
|
|
TOTAL |
8126.400 |
7392.300 |
4429.800 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
7937.500 |
7246.300 |
4312.500 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
188.900 |
146.000 |
117.300 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
166.000 |
166.400 |
1.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
23.000 |
(20.400) |
115.400 |
|
|
|
|
|
|
|
|
|
|
TAX |
(0.100) |
6.600 |
7.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
23.100 |
(27.000) |
107.500 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1334.300 |
517.800 |
410.300 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1357.400 |
1334.300 |
517.800 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1188.300 |
853.500 |
467.300 |
|
|
TOTAL EARNINGS |
1188.300 |
853.500 |
467.300 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
2199.200 |
2565.400 |
903.600 |
|
|
TOTAL IMPORTS |
2199.200 |
2565.400 |
903.600 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.81 |
(7.96) |
35.83 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
9000.000 |
|
|
|
|
|
The above information has been parted by Mr. Satish Naidu.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
3.143 |
3.143 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
218.572 |
1210.416 |
(58.878) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.67 |
(0.68) |
8.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
(0.01) |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.26 |
0.15 |
0.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43 |
1.43 |
1.72 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
30.000 |
33.900 |
33.900 |
|
Reserves & Surplus |
517.839 |
1334.308 |
1357.428 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
547.839 |
1368.208 |
1391.328 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
7.997 |
5.603 |
|
Short term borrowings |
194.027 |
193.218 |
349.156 |
|
Current Maturities of
Long Term Debt |
0.000 |
3.143 |
3.143 |
|
Total borrowings |
194.027 |
204.358 |
357.902 |
|
Debt/Equity ratio |
0.354 |
0.149 |
0.257 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
4429.800 |
7392.300 |
8126.400 |
|
|
|
66.877 |
9.931 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
4429.800 |
7392.300 |
8126.400 |
|
Profit / Loss |
107.500 |
(27.000) |
23.100 |
|
|
2.43% |
(0.37%) |
0.28% |
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 |
No |
|
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 four 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 |
|
CASE DETAILS BENCH: BOMBAY |
|
|
|
Presentation
Date:- 25.08.2014 |
|
|
|
Lodging No.: ARBPL/1301/2014 Filing
Date: 25.08.2014 Reg. No.:
ARBP/1382/2014 Reg. Date:
28.10.2014 |
|
|
|
Petitioner: M/S. D.P. SALES CORPORATION AND 3 ORS
Respondent: M/S. SANMAN
TRADE IMPEX PRIVATE
LIMITED Petn. Adv : V.K. DAMLE AND A.N. NESARIKAR (0) District: PUNE |
|
|
|
Bench: SINGLE Status: Pre-Admission
Category: ARBITRATION ACT.
Last Date : 08.07.2015
Stage : ARBP FOR DIRECTION Last Coram : HON’BLE SHRI JUSTICE K. R. SRIRAM |
|
|
|
Act: Arbitration and Conciliation Act 1996 UNDER SECTION: 34 |
WORKING RESULTS
During the year, the revenue from operations is increased to Rs. 8087.300 Million as compared to Rs. 7368.300 Million during the previous year. The Profit before Depreciation and Tax has increase by 29.42% amounting to Rs. 188.900 Million as compared to Rs. 146.000 Million during the previous year. During the year, the Company has earned profit of Rs. 23.100 Million as against loss of Rs. 27.000 Million during the previous year.
CORPORATE INFORMATION:
The Company is in the business of Imports, Exports, Trading and Distribution of Chemicals, Metals, Sheets, Paper, Pharmaceutical products, Paper products, Natural Rubber, Computer Software Development and Electricity Generation etc.
CONTINGENT LIABILITIES
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
|
(Rs. In Million)
|
|
|
Letter of Credit |
32.125 |
57.155 |
|
MVAT Demand Under Appeal |
4.187 |
0.000 |
|
|
|
|
|
Total |
36.312 |
57.155 |
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10178407 |
01/09/2009 |
22,000,000.00 |
PUNJAB NATIONAL BANK |
FORESHORE ROAD BRANCH,, RAHEJA CHAMBERS, NARIMAN |
A69979169 |
|
2 |
10178406 |
31/08/2009 |
22,000,000.00 |
PUNJAB NATIONAL BANK |
FORESHORE ROAD BRANCH,, RAHEJA CHAMBERS, NARIMAN |
A69978955 |
|
3 |
10178902 |
07/05/2012 * |
750,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHA |
B39686233 |
|
4 |
10008650 |
07/06/2012 * |
950,000,000.00 |
STATE BANK OF HYDERABAD |
OVERSEAS BRANCH, ASHOK MAHAL, 1204, TULLOCH ROAD, |
B42170134 |
|
5 |
90149621 |
29/03/2005 |
2,500,000.00 |
PUNJAB NATIONAL BANK |
FORESHORE ROAD, MUMBAI, MAHARASHTRA - 400021, INDI |
- |
* Date of charge modification
FIXED ASSETS:
· Land
· Building
· Plant and Equipments
· Vehicles
· Motor Vehicles
· Office Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or anti-terrorism
sanction laws or whose assets were seized, blocked, frozen or ordered forfeited
for violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.38 |
|
UK Pound |
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
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 |
|
54 |
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.