MIRA INFORM REPORT
|
Report No. : |
334212 |
|
Report Date : |
29.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
PLASTIBLENDS INDIA LIMITED |
|
|
|
|
Registered
Office : |
31, Shah Industrial Estate, Kolsite House, 2nd Floor, Off
Veera Desai Road, Andheri (West), Mumbai – 400053, Maharashtra |
|
Tel. No.: |
91-22-26736468 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of Incorporation
: |
22.01.1991 |
|
|
|
|
Com. Reg. No.: |
11-059943 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 64.973 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L25200MH1991PLC059943 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Colour and Additive Master Batches and
Thermoplastic Compounds for the Plastic Processing Industry. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
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 |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by
decent liquidity position and fair profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal 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 |
CRISIL |
|
Rating |
Long term Rating = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
30.04.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Rating = A1 |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
30.04.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) 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 DENIED BY
|
Name : |
Mr. Himanshu Mhartre |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-22-26736468 |
|
Date : |
28.07.2015 |
LOCATIONS
|
Registered Office : |
31, Shah Industrial Estate, Kolsite House, 2nd Floor, Off Veera
Desai Road, Andheri (West), Mumbai – 400053, Maharashtra |
|
Tel. No.: |
91-22-26705200/ 26736468/ 9/ 66952696/ 7/ 67205200 |
|
Fax No.: |
91-22-26736808 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Kolsite House, 30, Shah Industrial Estate, Dattaji Salvi
Marg Off. Veera Desai Road, Andheri (West) , Mumbai - 400053,
Maharashtra, India |
|
Tel. No.: |
91-22-26736468/ 9/ 67205200/ 66952696/ 7 |
|
Fax No.: |
91-22-26736808 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
74/1, 74/2 and 75/3, |
|
Tel. No.: |
91-260-2221772/ 73/ 74 |
|
Fax No.: |
91-260-2221771 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Khasara No.216, Village Raipur, Pargana: Bhagwanpur, Tehsil, Roorkee,
District- Haridwar - 247667, Uttarakhand, India |
|
Tel. No.: |
91-1332-235046/ 7 |
|
Fax No.: |
91-1332-235045 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Shreevallabh
G. Kabra |
|
Designation : |
Chairman and Managing Director |
|
|
|
|
Name : |
Mr. Satyanarayan G. Kabra |
|
Designation : |
Vice-Chairman and Managing Director |
|
Date of Birth/Age : |
70 years |
|
Qualification : |
B. E. (Mechanical) |
|
Experience : |
Over 47 years in business and industry and founder
promoter of Kolsite Group of Companies |
|
|
|
|
Name : |
Mr. Anand S. Kabra |
|
Designation : |
Executive Director |
|
|
|
|
Name : |
Mr. Haridas S. Sanwal |
|
Designation : |
Independent Director |
|
|
|
|
Name : |
Mr. Pushp Raj Singhvi |
|
Designation : |
Independent Director |
|
Date of Birth/Age : |
69 Years |
|
Qualification : |
B. Com, L.L.B. |
|
|
|
|
Name : |
Dr. Yatish B. Vasudeo |
|
Designation : |
Independent Director |
|
Date of Birth/Age : |
60 Years |
|
Qualification : |
M. Sc., Ph. D., L.P.R.I (London) |
|
Experience : |
Over 25 years in Plastic Industry |
|
|
|
|
Name : |
Mr. Sudarshan K. Parab |
|
Designation : |
Independent Director |
KEY EXECUTIVES
|
Name : |
Mr. Himanshu S. Mhatre |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2015
|
Category of
Shareholder |
No. of Shares |
% of Holdings |
|
(A) Shareholding
of Promoter and Promoter Group |
||
|
|
|
|
|
|
4735464 |
36.44 |
|
|
3290937 |
25.33 |
|
|
8026401 |
61.77 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
8026401 |
61.77 |
|
(B) Public
Shareholding |
||
|
|
|
|
|
|
3400 |
0.03 |
|
|
3160 |
0.02 |
|
|
2955 |
0.02 |
|
|
239800 |
1.85 |
|
|
249315 |
1.92 |
|
|
|
|
|
|
403992 |
3.11 |
|
|
|
|
|
|
3058780 |
23.54 |
|
|
1004225 |
7.73 |
|
|
251887 |
1.94 |
|
|
226005 |
1.74 |
|
|
25882 |
0.20 |
|
|
4718884 |
36.31 |
|
Total Public
shareholding (B) |
4968199 |
38.23 |
|
Total (A)+(B) |
12994600 |
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) |
12994600 |
0.00 |
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 |
Kabra Extrusiontechnik Limited |
16,92,781 |
13.03 |
|
2 |
Kolsite Corporation LLP |
15,98,156 |
12.30 |
|
3 |
Varun Satyanarayan Kabra |
13,05,204 |
10.04 |
|
4 |
Anand Shreevallabh Kabra |
12,63,924 |
9.73 |
|
5 |
Shreevallabh Gopilal Kabra |
6,79,836 |
5.23 |
|
6 |
Satyanarayan Gopilal Kabra |
5,98,928 |
4.61 |
|
7 |
Saritadevi Satyanarayan Kabra |
4,63,600 |
3.57 |
|
8 |
Veenadevi Shreevallabh Kabra |
3,73,172 |
2.87 |
|
9 |
Ekta Anand Kabra |
50,800 |
0.39 |
|
|
Total |
80,26,401 |
61.77 |
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 |
Colloids (Widnes) Limited - Pension Fund |
229800 |
1.77 |
|
|
2 |
Shivai T Trivedi |
148785 |
1.14 |
|
|
|
Total |
378585 |
2.91 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Colour and Additive Master Batches and
Thermoplastic Compounds for the Plastic Processing Industry. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
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||||||||||||||||||
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Customers : |
Not Divulged
|
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No. of Employees : |
Information declined by the management |
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Bankers : |
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||||||||||||||||||
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||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
NOTE: There is no default, continuing or Otherwise as at the Balance Sheet
Date, in repayment of any of the above borrowings. |
|
Auditors : |
|
|
Name : |
A.G. Ogale and Company Chartered Accountant |
|
Address : |
Pune, Maharashtra, India |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates Concern : |
Kabra Extrusiontechnik Limited |
|
|
|
|
Enterprise over which key management personnel exercise significant influence : |
|
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 64.973
Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2,00,00,000 |
Equity Shares |
Rs. 5/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,29,94,600 |
Equity Shares |
Rs. 5/- each |
Rs. 64.973
Millions |
|
|
|
|
|
Reconciliation of number of Equity Shares
outstanding at the beginning and at the end of the year
|
|
31.03.2014 |
31.03.2013 |
|
Number of shares outstanding at the beginning of the year |
12994600 |
12994600 |
|
Number of shares allotted during the year upon Sub-division |
-- |
-- |
|
Number of shares outstanding at the end of the year |
12994600 |
12994600 |
Shares in the company held by each shareholder holding more than 5%
Shares
|
Name of the shareholders |
31.03.2014 |
|
|
|
Number of shares |
% of Holding |
|
Kabra Extrusiontechnik Limited |
1917781 |
14.76 |
|
Varun Satyanarayan Kabra |
1305204 |
10.04 |
|
Anand Shreevallabh Kabra |
1263924 |
9.73 |
|
Kolsite Corporation LLP |
1362829 |
10.49 |
|
Shreevallabh Gopilal Kabra |
679836 |
5.23 |
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 |
64.973 |
64.973 |
64.973 |
|
(b) Reserves & Surplus |
1510.932 |
1302.314 |
1102.944 |
|
(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) |
1575.905 |
1367.287 |
1167.917 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
164.091 |
143.793 |
|
(b) Deferred tax liabilities (Net) |
78.831 |
80.765 |
76.459 |
|
(c) Other long term
liabilities |
150.791 |
124.428 |
108.848 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
229.622 |
369.284 |
329.100 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
202.999 |
146.582 |
431.536 |
|
(b) Trade
payables |
288.051 |
316.271 |
253.542 |
|
(c) Other
current liabilities |
137.142 |
145.115 |
58.155 |
|
(d) Short-term
provisions |
141.722 |
133.627 |
123.331 |
|
Total Current
Liabilities (4) |
769.914 |
741.595 |
866.564 |
|
|
|
|
|
|
TOTAL |
2575.441 |
2478.166 |
2363.581 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
776.098 |
632.327 |
639.840 |
|
(ii)
Intangible Assets |
0.000 |
6.805 |
8.194 |
|
(iii)
Capital work-in-progress |
0.000 |
7.133 |
2.287 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
33.086 |
33.278 |
35.844 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
23.781 |
22.024 |
16.173 |
|
Total Non-Current
Assets |
832.965 |
701.567 |
702.338 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
445.162 |
575.169 |
591.838 |
|
(c) Trade
receivables |
924.720 |
883.664 |
854.447 |
|
(d) Cash
and cash equivalents |
28.283 |
36.884 |
12.751 |
|
(e)
Short-term loans and advances |
235.417 |
211.937 |
187.970 |
|
(f) Other
current assets |
108.894 |
68.945 |
14.237 |
|
Total Current
Assets |
1742.476 |
1776.599 |
1661.243 |
|
|
|
|
|
|
TOTAL |
2575.441 |
2478.166 |
2363.581 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4943.540 |
4658.391 |
4089.926 |
|
|
|
Other Income |
18.590 |
34.562 |
15.089 |
|
|
|
TOTAL (A) |
4962.130 |
4692.953 |
4105.015 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
3428.418 |
3302.318 |
3105.228 |
|
|
|
Purchases of Stock-in-Trade |
1.119 |
2.554 |
0.498 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
95.460 |
60.015 |
(61.288) |
|
|
|
Employees benefits expense |
161.065 |
129.005 |
115.455 |
|
|
|
Other expenses |
749.518 |
692.256 |
616.223 |
|
|
|
TOTAL (B) |
4435.580 |
4186.148 |
3776.116 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
526.550 |
506.805 |
328.899 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
36.028 |
57.882 |
57.792 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
490.522 |
448.923 |
271.107 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
62.389 |
43.053 |
40.805 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
428.133 |
405.870 |
230.302 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
136.691 |
133.485 |
76.652 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
291.442 |
272.385 |
153.650 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
27.500 |
16.000 |
|
|
|
Dividend |
NA |
64.973 |
45.481 |
|
|
|
Tax on Dividend |
NA |
11.042 |
7.730 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
168.870 |
84.439 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
NA |
1414.598 |
1316.352 |
|
|
TOTAL EARNINGS |
|
|
|
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
1384.401 |
1310.617 |
|
|
|
Stores & Spares |
NA |
9.627 |
5.512 |
|
|
|
Capital Goods |
NA |
5.007 |
8.256 |
|
|
TOTAL IMPORTS |
NA |
1399.035 |
1324.385 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
23.13 |
20.96 |
11.82 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.90 |
5.85 |
3.76 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
10.65 |
10.88 |
8.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.84 |
16.65 |
9.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27 |
0.30 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.13 |
0.23 |
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.26 |
2.40 |
1.92 |
STOCK
PRICES
|
Face Value |
Rs. 5.00/- |
|
Market Value |
Rs. 349.50/- |
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 |
64.973 |
64.973 |
64.973 |
|
Reserves & Surplus |
1102.944 |
1302.314 |
1510.932 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1167.917 |
1367.287 |
1575.905 |
|
|
|
|
|
|
long-term borrowings |
143.793 |
164.091 |
0.000 |
|
Short term borrowings |
431.536 |
146.582 |
202.999 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
575.329 |
310.673 |
202.999 |
|
Debt/Equity
ratio |
0.493 |
0.227 |
0.129 |
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 |
4089.926 |
4658.391 |
4943.540 |
|
|
|
13.899 |
6.121 |
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 |
4089.926 |
4658.391 |
4943.540 |
|
Profit |
153.650 |
272.385 |
291.442 |
|
|
3.76% |
5.85% |
5.90% |
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 |
No |
|
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 |
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 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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2015 (Rs.
in Millions) |
31.03.2014 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Inter corporate deposit |
NA |
61.300 |
|
Fixed deposits |
NA |
102.791 |
|
Total |
NA |
164.091 |
|
|
|
|
NOTE:
There is no default, continuing or otherwise as at the Balance Sheet
Date, in repayment of any of the above borrowings.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10483552 |
13/03/2014 * |
100,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra - 400051, INDIA |
C04517694 |
|
2 |
10429827 |
13/03/2014 * |
200,000,000.00 |
INDUSIND BANK LTD. |
2401 GEN THIMMAYYA ROAD, CONTONMENT, PUNE, Maharashtra - 411001, INDIA |
C04520441 |
|
3 |
10392170 |
13/03/2014 * |
200,000,000.00 |
The Hong Kong and
Shanghai Banking Corporation Lim |
Indian Area Management
Office,, 52/60, M G Road, INDIA |
C04502894 |
|
4 |
10324162 |
13/03/2014 * |
200,000,000.00 |
DBS Bank Ltd |
DLF Capitol Point, Ground Floor & First Floor, Baba Kharak Singh Marg, Connaught Place, New Delhi, Delhi - 110001, INDIA |
C04819660 |
|
5 |
80014638 |
13/03/2014 * |
236,000,000.00 |
HDFC BANK LIMITED |
Trade World, A Wing, 2nd floor,Kamla Mills Compd., Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra - 400013, INDIA |
C05430541 |
|
6 |
90162802 |
13/03/2014 * |
962,000,000.00 |
State Bank of India |
Industrial Finance
Branch, The Arcade, 2nd Floor, Maharashtra - 400005, INDIA |
C04655858 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and
Equipment
- Vehicles
- Electrical
Installation and Fittings
- 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, India Prisons Service,
Interpol, etc.
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. 64.03 |
|
UK Pound |
1 |
Rs. 99.72 |
|
Euro |
1 |
Rs. 70.88 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
62 |
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.