MIRA INFORM REPORT
|
Report No. : |
331355 |
|
Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SKANEM INTERLABELS INDUSTRIES PRIVATE LIMITED (w.e.f. 26.06.2012) |
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|
|
|
Formerly Known As
: |
INTERLABELS
INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
110, Ravi Industrial Estate, Off Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra |
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Tel. No.: |
91-22-65814330/31/32 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
16.10.1995 |
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Com. Reg. No.: |
093706 |
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Capital
Investment / Paid-up Capital : |
Rs.36.018 Million |
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CIN No.: [Company Identification
No.] |
U51900MH1995PTC093706 |
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IEC No.: |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACI5684H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of Manufacturing of Self Adhesive Labels and Labelling Machines. |
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No. of Employees
: |
Above 100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Skanem AS, South Africa. It is an
established company incorporated in the year 1995, having satisfactory track. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of strong support from its holding company, the subject 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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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. Ninad Shelar |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-250-3980900 |
|
Date : |
10.07.2015 |
LOCATIONS
|
Registered Office / Corporate Office : |
110, Ravi Industrial Estate, Off Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-65814330/31/32 |
|
Fax No.: |
91-22-26876495 |
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E-Mail : |
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Website : |
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Head Office / Factory 1: |
Nandan Estate, Survey No. 59, Maljipada, Opposite Krishna Resorts, W.E. Highway, Vasai (East), Thane - 401210, Maharashtra, India |
|
Tel. No.: |
91-250-3980900-30 |
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Fax No.: |
91-250-3980999 |
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|
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|
Factory 2 : |
Plot No- 86, Sankrail Industrial Park, Near Dulagarh, District Howrah, Kolkata - 711 302, West Bengal, India |
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Factory 3 : |
103/1, Hadbast No. 165, Pargana Dharampur Village Theda Kharuni Lodhimajra Road Tehsil Nalagarh, District Solan - 174 101 Chandigarh, India |
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Branches : |
Located At:
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Overseas : |
Located At: Kenya |
DIRECTORS
AS ON 19.09.2014
|
Name : |
Bhavin Chandrakant Kothari |
|
Designation : |
Director |
|
Address : |
101, Landmark,
Carmichael Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
22.08.1961 |
|
Date of Appointment : |
16.10.1995 |
|
PAN No.: |
AACPK6374P |
|
DIN No.: |
00946108 |
|
|
|
|
Name : |
Gautam Chandrakant Kothari |
|
Designation : |
Director |
|
Address : |
101, Landmark,
Carmichael Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
28.06.1967 |
|
Date of Appointment : |
16.10.1995 |
|
PAN No.: |
AADPK9572G |
|
DIN No.: |
01679050 |
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|
|
|
Name : |
Ole Rugland |
|
Designation : |
Director |
|
Address : |
Markveien 42,
Stavanger, 4020, Norway |
|
Date of Birth/Age : |
10.04.1955 |
|
Date of Appointment : |
15.02.2012 |
|
DIN No.: |
05190719 |
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|
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|
Name : |
Dag Mikael Gundersen |
|
Designation : |
Director |
|
Address : |
Tiurveien 27, 4042 Hafrsfjord,, Norway, 4042, Norway |
|
Date of Appointment : |
22.11.2012 |
|
DIN No.: |
06414425 |
|
|
|
|
Name : |
Ole Kristian Ole Rugland |
|
Designation : |
Director |
|
Address : |
Dr. Martha Persensgate 37, 4020 Stavanger, Norway, 4020, Norway |
|
Date of Appointment : |
22.11.2012 |
|
DIN No.: |
06414447 |
KEY EXECUTIVES
|
Name : |
Mr. Ninad Shelar |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 19.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Skanem AS, Norway |
|
3601693 |
|
Skanem Stavanger AS, Norway |
|
100 |
|
Total |
|
3601793 |
Equity Share Break up (Percentage of Total Equity)
AS ON 19.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of Manufacturing of Self Adhesive Labels and Labelling Machines. |
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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 : |
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Products : |
Raw Material |
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Countries : |
USA |
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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) |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Above 100 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Haribhakti and Company LLP Chartered Accountants |
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Address : |
701,Leela Business Park, Andheri-Kurla Road, Mumbai , Maharashtra, India |
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PAN No.: |
AAAFH2010F |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company: |
Skanem AS |
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Wholly Owned
subsidiary Companies : |
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Fellow Subsidiary : |
Skanem Stavanger AS |
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Company in which
KMP / Relatives of KMP can exercise significant influence |
Intercode solutions Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,000,000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,601,793 |
Equity Shares |
Rs.10/- each |
Rs.36.018 Million |
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 |
36.018 |
36.017 |
36.017 |
|
(b) Reserves &
Surplus |
246.054 |
235.946 |
189.907 |
|
(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) |
282.072 |
271.963 |
225.924 |
|
|
|
|
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|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
53.189 |
17.935 |
32.912 |
|
(b) Deferred tax
liabilities (Net) |
29.565 |
28.317 |
28.801 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
6.845 |
5.496 |
3.865 |
|
Total Non-current
Liabilities (3) |
89.599 |
51.748 |
65.578 |
|
|
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|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
154.305 |
99.129 |
183.060 |
|
(b) Trade payables |
245.145 |
253.047 |
177.105 |
|
(c) Other current liabilities |
47.812 |
36.350 |
49.306 |
|
(d) Short-term provisions |
0.869 |
10.088 |
3.732 |
|
Total Current Liabilities
(4) |
448.131 |
398.614 |
413.203 |
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|
|
|
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TOTAL |
819.802 |
722.325 |
704.705 |
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
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(a) Fixed Assets |
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|
|
|
(i) Tangible assets |
296.627 |
259.232 |
279.165 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
7.751 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
79.331 |
79.331 |
25.239 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
13.124 |
5.667 |
1.514 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
396.833 |
344.230 |
305.918 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
90.145 |
67.537 |
82.949 |
|
(c) Trade receivables |
223.842 |
235.365 |
196.647 |
|
(d) Cash and cash
equivalents |
56.016 |
35.127 |
58.051 |
|
(e) Short-term loans and
advances |
52.966 |
39.753 |
48.283 |
|
(f) Other current assets |
0.000 |
0.313 |
12.857 |
|
Total Current Assets |
422.969 |
378.095 |
398.787 |
|
|
|
|
|
|
TOTAL |
819.802 |
722.325 |
704.705 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
932.660 |
900.965 |
804.221 |
|
|
Other Income |
|
|
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|
|
TOTAL (A) |
932.660 |
900.965 |
804.221 |
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EXPENSES |
|
|
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|
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TOTAL (B) |
872.461 |
770.303 |
730.159 |
|
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|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
(C) |
60.199 |
130.662 |
74.062 |
|
|
|
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|
|
|
FINANCIAL EXPENSES (D) |
19.520 |
27.971 |
29.106 |
|
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|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
40.679 |
102.691 |
44.956 |
|
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|
DEPRECIATION/
AMORTISATION (F) |
27.489 |
28.135 |
25.392 |
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|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
13.189 |
74.555 |
19.564 |
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|
TAX (H) |
3.129 |
28.516 |
8.159 |
|
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|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
10.061 |
46.039 |
11.405 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
10.061 |
46.039 |
11.405 |
|
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EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
23.446 |
10.336 |
14.650 |
|
|
TOTAL EARNINGS |
23.446 |
10.336 |
14.650 |
|
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|
|
|
Earnings / (Loss) Per
Share (Rs.) |
2.79 |
12.78 |
-- |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
950.000 |
|
|
|
|
|
The above information has been parted by Mr. Ninad Shelar
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
10.202 |
15.681 |
33.777 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used
in) operations |
44.412 |
108.580 |
107.539 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.08 |
5.11 |
1.42 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.45 |
14.50 |
9.21 |
|
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|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.80 |
11.59 |
2.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.27 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.77 |
0.49 |
1.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.94 |
0.95 |
0.97 |
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 |
36.017 |
36.017 |
36.018 |
|
Reserves & Surplus |
189.907 |
235.946 |
246.054 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
225.924 |
271.963 |
282.072 |
|
|
|
|
|
|
long-term borrowings |
32.912 |
17.935 |
53.189 |
|
Short term borrowings |
183.060 |
99.129 |
154.305 |
|
Current Maturities of
Long Term Debt |
33.777 |
15.681 |
10.202 |
|
Total borrowings |
249.749 |
132.745 |
217.696 |
|
Debt/Equity ratio |
1.105 |
0.488 |
0.772 |
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) |
|
Sales |
804.221 |
900.965 |
932.660 |
|
|
|
12.030 |
3.518 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
804.221 |
900.965 |
932.660 |
|
Profit |
11.405 |
46.039 |
10.061 |
|
|
1.42% |
5.11% |
1.08% |
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 |
No |
|
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 |
Yes |
|
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 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 |
No |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Working capital loans from banks [Buyers Credit] |
24.360 |
20.655 |
|
|
|
|
|
Total |
24.360 |
20.655 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10573319 |
20/05/2015 |
405,795,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDR |
C55660013 |
|
2 |
10477366 |
30/01/2014 |
36,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SME VILE PARLE,BHOLANATH CO-OP.HOUSING SOCIETY LTD |
B96226691 |
|
3 |
10477364 |
27/01/2014 |
13,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SME VILE PARLE,BHOLANATH CO-OP HOUSING SOCIETY LTD |
B96226170 |
|
4 |
10401832 |
28/01/2013 |
70,000,000.00 |
THE SARASWAT COOPERATIVE BANK LTD |
SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, S |
B67598276 |
|
5 |
10332716 |
17/01/2012 |
33,700,000.00 |
THE SARASWAT COOPERATIVE BANK LTD |
SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, S |
B30888457 |
|
6 |
10328922 |
31/12/2011 |
46,800,000.00 |
THE SARASWAT COOPERATIVE BANK LTD |
SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, S |
B29572443 |
|
7 |
10311108 |
22/09/2011 |
13,300,000.00 |
THE SARASWAT COOPERATIVE BANK LTD |
SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, S |
B22905095 |
|
8 |
10311077 |
08/09/2011 |
18,100,000.00 |
THE SARASWAT COOPERATIVE BANK LTD |
SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, S |
B22893432 |
|
9 |
10242538 |
02/09/2010 |
18,100,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD. |
SME VILE PARLE BRANCH, BHOLANATH CO-OP. HSG. SOC., |
A95387452 |
|
10 |
10242530 |
20/08/2010 |
4,600,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD. |
SME VILE PARLE BRANCH, BHOLANATH CO-OP. HSG. SOC., |
A95388526 |
* Date of charge modification
FINANCIAL PERFORMANCE
During the year the company has made total Net sales of around Rs 932.660 Million as compared to last year sales of Rs. 900.965 Million. The directors are continuing working hard towards minimizing the overhead and maximizing the growth and profit of the company in the ensuring years.
OPERATIONS AND FUTURE
OUTLOOK
The industry has seen an uptrend in the last few years and the company is trying to seize on this opportunity. The Company has started some new projects and also the marketing and sales effort has been bolstered. The director looks all the events in the positive manner and optimistic about the overall growth of the Company in the years to come.
BACKGROUND
The Company is engaged in the business of Manufacturing of Self Adhesive Labels and Labelling Machines.
FIXED ASSETS
œ Land
œ Buildings
œ Plant and Equipment
œ Vehicles
œ Office Equipment
œ Computer 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 records 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 |
|
|
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--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 |
NO |
|
--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 |
|
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.