MIRA INFORM REPORT
|
Report No. : |
334233 |
|
Report Date : |
30.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
WELLKNOWN POLYESTERS LIMITED |
|
|
|
|
Registered
Office : |
14th Floor, “B” Wing, Nirmal, 241/242, Backbay Reclamation,
Nariman Point, Mumbai – 400 021, Maharashtra |
|
Tel. No.: |
91-22-22070054/ 66207000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.10.1996 |
|
|
|
|
Com. Reg. No.: |
11-103477 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 224.720 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17114MH1996PLC103477 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW1018K |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer of polyester filament yarn. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Financial position of the company is sound and healthy. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing 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 (GENERAL DETAILS)
|
Name : |
Mr. Bhuvnesh Dave |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-22-66207000 |
|
Date : |
28.07.2015 |
LOCATIONS
|
Registered Office/ Corporate Office : |
14th Floor, “B” Wing, Nirmal, 241/242, Backbay Reclamation,
Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-22070054/ 66207000 |
|
Fax No.: |
91-22-22070054/ 66207050 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
|
|
|
Factory: |
Plot No.178, 185, Dabhel Industrial Co-operative Society Limited, Nani Daman, Daman – 396210, India |
|
E-Mail : |
|
|
|
|
|
Branch Office 1 : |
D/423 International Trade Centre, Majura Gate, Surat, Gujarat, India |
|
Tel No.: |
91-261-3255945 |
|
Fax No.: |
91-261-3927155 |
|
|
|
|
Branch Office 2 : |
145C, Dr. Viegas Street, 4th Floor, Kalbadevi Road, Mumbai
– 400002, Maharashtra, India |
|
|
|
|
Branch Office 3 : |
B-XX-2707, 3rd Floor, Navrang Building, Pakhiwal Road,
Opposite Nehru Sidhant Kinder, Ludhiana – 141001, Punjab, India |
|
|
|
|
Branch Office 4 : |
12/5-1, First Floor, Swarnapuri Garden, Rakklyapalayam, Avinashi –
641654, Tirupur, Indi a |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Anil Madanlal Gupta |
|
Designation : |
Managing Director |
|
Address : |
9/41, |
|
Date of Birth/Age : |
01.09.1964 |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
01376458 |
|
|
|
|
Name : |
Mr. Ashok Madanlal Gupta |
|
Designation : |
Whole Time Director |
|
Address : |
2/7, |
|
Date of Birth/Age : |
30.09.1959 |
|
Date of Appointment : |
01.10.2010 |
|
DIN No.: |
01510569 |
|
|
|
|
Name : |
Mrs. Latadevi Madanlal Gupta |
|
Designation : |
Director |
|
Address : |
9/41, |
|
Date of Birth/Age : |
12.01.1939 |
|
Date of Appointment : |
29.09.2009 |
|
DIN No.: |
02489852 |
KEY EXECUTIVES
|
Name : |
Mr. Bhuvnesh Dave |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Equity Shareholders |
No. of Shares |
|
Anil M. Gupta |
2407419 |
|
Anil M Gupta, Karta, HUF |
123776 |
|
Ashok M. Gupta, Karta, HUF |
37607 |
|
Charulata Gupta |
1121157 |
|
Latadevi Gupta |
542 |
|
Madanlal Gupta Karta, HUF |
38860 |
|
Rahul A. Gupta |
1288560 |
|
Saakshi A. Gupta |
21310 |
|
Wellknown Hitech Projects Private Limited, |
53049 |
|
Wellknown Technologies Private Limited, India |
1205208 |
|
Wellknown Textiles Industries
Private Limited, |
5913907 |
|
Total |
12211395 |
|
Names of Preference Shareholders |
No. of Shares |
|
Anil M. Gupta |
1377 |
|
Anil M Gupta, Karta, HUF |
60 |
|
Ashok M. Gupta, Karta, HUF |
103 |
|
Charulata Gupta |
245 |
|
Madanlal Gupta Karta, HUF |
269 |
|
Rahul A. Gupta |
633 |
|
Saakshi A. Gupta |
435 |
|
Wellknown Hitech Projects Private Limited, |
267939 |
|
Wellknown Technologies Private Limited, India |
355000 |
|
Wellknown Textiles Industries
Private Limited, |
200000 |
|
Total
|
826061 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
41.27 |
|
Other top fifty shareholders |
58.73 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of polyester filament yarn. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash, L\C and Credit |
||||
|
|
|
||||
|
Purchasing : |
Cash, L\C and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|
||||||||||||||||||||||||||||||||||
|
|
|
|
||||||||||||||||||||||||||||||||||
|
Customers : |
Retailers and Others
|
|
||||||||||||||||||||||||||||||||||
|
|
|
|
||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
|
||||||||||||||||||||||||||||||||||
|
|
|
|
||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Andhra Bank 18, Homi Modi Street, Nanavati
Mahalaya, Fort, Mumbai - 400021, Maharashtra, India ·
Axis Bank Limited Corporate Banking Branch, Axis
House, Bombay Dyieng Mills Compound, P B Marg, Worli, Mumbai – 400025, Maharashtra,
India ·
Indian Overseas Bank Nariman Point Branch,
'Bakhtawar', Nariman Point, Mumbai – 400021, Maharashtra, India · State Bank of India IFB, Natraj Building, 102, 1st Floor, 194, Sir M V Road Western Express Highway, Andheri (East), Mumbai – 400069, Maharashtra, India · ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India
|
|
||||||||||||||||||||||||||||||||||
|
|
|
|
||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Mittal and Associates Chartered Accountants |
|
Address : |
471/B Astral Centre, N.M. Joshi Marg, Chinchpokli West, Mumbai,
Maharashtra, India |
|
PAN No.: |
AAAFM9559Q |
|
|
|
|
Memberships : |
Not Applicable |
|
|
|
|
Collaborators : |
Not Applicable |
|
|
|
|
Subsidiary Company: |
·
Wellknown Synthetics Private Limited, India ·
Associated Concerns, India ·
Wellknown Textile Industries Private Limited,
India ·
Wellknown Chemicals Private Limited, India ·
Wellknown Hitech Projects Private Limited ( Formerly
known as Wellknown Financial Securities Private Limited) ·
Wellknown Technologies Private Limited ·
Wellknown Housing Development Private Limited ·
Wellknown Logistics Private Limited ·
Wellknown Landmark Ventures Private Limited ·
Wellknown Infratech Private Limited ·
Wellknown Properties Private Limited ·
Gupta Villa Limited ·
Ashtavinayak Agrofarms Private Limited |
|
|
|
|
Associated
Concerns: |
·
Wellknown Synthetics Private Limited ·
Wellknown Textile Industries Private Limited ·
Wellknown Chemicals Private Limited ·
Wellknown Hitech Projects Private Limited
(Formerly known as Wellknown Financial Securities Private Limited. ·
Wellknown Technologies Private Limited ·
Wellknown Housing Development Private Limited ·
Wellknown Logistics Private Limited ·
Wellknown Landmark Ventures Private Limited ·
Wellknown Infratech Private Limited ·
Wellknown Properties Private Limited ·
Gupta Villa Limited ·
Wellknown Enterprises Private Limited (Formerly
known as Ashtavinayak Agrofarms Private Limited) |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
Rs.10/- each |
Rs.125.000 Million |
|
1250000 |
Preference Shares |
Rs.100/- each |
Rs.125.000 Million |
|
|
Total |
|
Rs. 250.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12211395 |
Equity Shares |
Rs.10/- each |
Rs. 122.114 Million |
|
1026061 |
Preference Shares |
Rs.100/- each |
Rs. 102.606 Million |
|
|
Total |
|
Rs. 224.720
Million |
AS On 30.09.2014
Authorised Capital: Rs. 310.000 Million
Issued, Subscribed & Paid-up Capital: Rs. 294.527
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 |
224.720 |
204.720 |
184.720 |
|
(b) Reserves &
Surplus |
10179.017 |
7699.112 |
5344.611 |
|
(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) |
10403.737 |
7903.832 |
5529.331 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
13574.956 |
12062.562 |
4115.899 |
|
(b) Deferred tax
liabilities (Net) |
1640.962 |
1203.257 |
790.401 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
12.418 |
9.957 |
8.641 |
|
Total Non-current
Liabilities (3) |
15228.336 |
13275.776 |
4914.941 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2402.019 |
2621.123 |
3280.856 |
|
(b) Trade payables |
2397.352 |
2591.883 |
1539.563 |
|
(c) Other current
liabilities |
2741.064 |
1858.072 |
1493.860 |
|
(d) Short-term provisions |
259.348 |
151.371 |
130.936 |
|
Total Current Liabilities
(4) |
7799.783 |
7222.449 |
6445.215 |
|
|
|
|
|
|
TOTAL |
33431.856 |
28402.057 |
16889.487 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
22032.788 |
17459.389 |
7685.966 |
|
(ii) Intangible Assets |
7.217 |
10.993 |
10.188 |
|
(iii) Capital
work-in-progress |
608.272 |
464.848 |
1311.962 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.058 |
2.698 |
191.303 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
150.268 |
331.714 |
192.355 |
|
(e) Other Non-current
assets |
714.683 |
577.730 |
317.032 |
|
Total Non-Current Assets |
23513.286 |
18847.372 |
9708.806 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
191.245 |
0.000 |
|
(b) Inventories |
4761.889 |
4287.339 |
2649.211 |
|
(c) Trade receivables |
2128.037 |
1541.409 |
561.536 |
|
(d) Cash and cash
equivalents |
549.126 |
2010.129 |
3026.740 |
|
(e) Short-term loans and
advances |
21.646 |
25.939 |
129.590 |
|
(f) Other current assets |
2457.872 |
1498.624 |
813.604 |
|
Total Current Assets |
9918.570 |
9554.685 |
7180.681 |
|
|
|
|
|
|
TOTAL |
33431.856 |
28402.057 |
16889.487 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
31503.972 |
18834.452 |
15771.515 |
|
|
Other Income |
678.796 |
355.711 |
231.805 |
|
|
TOTAL (A) |
32182.768 |
19190.163 |
16003.320 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
23124.630 |
14370.215 |
12384.480 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(321.926) |
(884.976) |
(814.226) |
|
|
Employees benefits
expense |
472.709 |
264.472 |
220.729 |
|
|
Exceptional Items |
|
|
0.001 |
|
|
Other expenses |
4497.000 |
2695.501 |
1932.952 |
|
|
TOTAL (B) |
27772.413 |
16445.212 |
13723.936 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
4410.355 |
2744.951 |
2279.384 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
1017.520 |
485.217 |
431.659 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
3392.835 |
2259.734 |
1847.725 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
944.510 |
480.351 |
372.954 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
2448.325 |
1779.383 |
1474.771 |
|
|
|
|
|
|
|
Less |
TAX (H) |
437.705 |
421.035 |
339.591 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
2010.620 |
1358.348 |
1135.180 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
238.800 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Material and
Accessories |
7701.400 |
8176.800 |
4375.600 |
|
|
Capital Goods |
1243.100 |
4580.700 |
31.300 |
|
|
TOTAL IMPORTS |
8944.500 |
12757.500 |
4406.900 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
|
|
|
|
|
Basic |
159.43 |
108.35 |
90.96 |
|
|
Diluted |
120.75 |
81.25 |
74.51 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
1677.866 |
1041.030 |
702.059 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
3061.943 |
666.343 |
1618.816 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.38 |
7.21 |
7.20 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
14.00 |
14.57 |
14.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.46 |
6.37 |
9.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.23 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.70 |
1.99 |
1.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.32 |
1.11 |
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 |
184.720 |
204.720 |
224.720 |
|
Reserves & Surplus |
5344.611 |
7699.112 |
10179.017 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
5529.331 |
7903.832 |
10403.737 |
|
|
|
|
|
|
long-term borrowings |
4115.899 |
12062.562 |
13574.956 |
|
Short term borrowings |
3280.856 |
2621.123 |
2402.019 |
|
Current maturities of
long-term debts |
702.059 |
1041.030 |
1677.866 |
|
Total borrowings |
8098.814 |
15724.715 |
17654.841 |
|
Debt/Equity ratio |
1.465 |
1.990 |
1.697 |
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 |
15771.515 |
18834.452 |
31503.972 |
|
|
|
19.421 |
67.268 |
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 |
15771.515 |
18834.452 |
31503.972 |
|
Profit |
1135.180 |
1358.348 |
2010.620 |
|
|
7.20% |
7.21% |
6.38% |
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 |
No |
|
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
|
Case Details |
|
Bench:-Bombay |
|
Lodging No.:- |
CEXAL/54/2013 |
Filing Date:- |
21/02/2013 |
|
Petitioner:- |
COMMISSIONER OF CENTRAL EXCISE AND CUSTOMS |
Respondent:- |
WELLKNOWN POLYSTER LIMITED |
|
Petn.Adv.:- |
A. S. RAO (0) |
|
District:- |
DDR-NGR-HVL@SILVASA |
|
Bench:- |
SINGLE |
||
|
Status:- |
Pre-Admission |
Category:- |
CENTRAL EXCISE APPEAL (CEXA) |
|
Last Date:- |
25/04/2013 |
Stage:- |
FOR REJECTION [ORIGINAL SIDE MATTERS] |
|
Last Coram:- |
REGISTRAR(OS)/PROTHONOTARY & SR. MASTER |
|
Act :- |
Central Excise & Salt Act |
Under Section:- |
35G |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10580999 |
08/07/2015 |
500,000,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
SLEATER ROAD BRANCH, A-3,4,5
& 6, GANESH PRASAD, |
C59393876 |
|
2 |
10550698 |
29/01/2015 |
270,000,000.00 |
BANK INTERNASIONAL INDONESIA |
ONE INDIA BUILLS CENTRE TOWER 2 B
702 7TH FLOOR,, |
C44396802 |
|
3 |
10484351 |
14/05/2014 * |
500,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH, AXIS HOUSE,,
BOMBAY DYI |
C05905500 |
|
4 |
10484884 |
03/03/2014 |
500,000,000.00 |
THE KARUR VYSYA BANK LIMITED |
PLOT NO: 1 & 2 , PLOT NO.34
EVEREST GRANDE, MAHAK |
C00508598 |
|
5 |
10458104 |
10/10/2013 * |
1,050,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH,UNION
BANK BHAVAN, 239, |
B90246422 |
|
6 |
10432400 |
18/05/2013 |
500,000,000.00 |
ANDHRA BANK |
18, HOMI MODI STREET, NANAVATI MAHALAYA, FORT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B77648004 |
|
7 |
10419528 |
21/03/2013 |
1,000,000,000.00 |
STATE BANK OF INDIA |
IFB, NATRAJ BUILDING, 102, 1ST
FLOOR, 194,, SIR M |
B73116147 |
|
8 |
10407746 |
27/02/2013 |
996,900,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH, AXIS
HOUSE,, BOMBAY DYI |
B69511764 |
|
9 |
10395688 |
30/11/2012 |
1,400,000,000.00 |
INDIAN OVERSEAS BANK |
NARIMAN POINT BRANCH, BHAKTAWAR ,
NARIMAN POINT, |
B65392797 |
|
10 |
10365857 |
05/02/2013 * |
340,000,000.00 |
BANK OF INDIA |
ANDHERI LARGE CORPORATE BRANCH ,
MDI BUILDING, 2 |
B68761253 |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Claims against company not acknowledged as debt |
92.021 |
27.266 |
|
Guarantees |
340.572 |
474.180 |
|
Other money for which company is contingently liable |
235.094 |
1.289 |
|
Total contingent
liabilities |
667.687 |
502.735 |
FIXED ASSETS
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· 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, 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
: |
RAS |
|
|
|
|
Report Prepared
by : |
GTA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.