MIRA INFORM REPORT
|
Report No. : |
324652 |
|
Report Date : |
01.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SRI CHERAN SYNTHETICS INDIA PRIVATE LIMITED (w.e.f. 26.11.2014) |
|
|
|
|
Formerly Known
As : |
SHRI
CHERAN SYNTHETICS INDIA LIMITED |
|
|
|
|
Registered
Office : |
24 Sankari Byepass Road, Pallipalayam, Erode – 638006, Tamilnadu |
|
Tel. No.: |
91-4288-278169 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.04.2005 |
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|
|
|
Com. Reg. No.: |
011749 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.151.184 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17111TZ2005PTC011749 |
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|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAJCS2717A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
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|
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Line of Business
: |
Manufacturer and Supplier of synthetics cloth, Viscose Yarn, Grey Cloth, Cotton Poly Yarn. |
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|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
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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|
|
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Litigation : |
Clear |
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|
Comments : |
Subject is established company as it is part of Pallava Group and it
is having satisfactory track. Rating strengths on account of healthy operating capability, strong financial
risk profile, marked by health networth and debt protection metrics backed by
established market position in the viscose yearn industry. Trade relations are fair. Business is active. Payments are reported to
be usally correct. In view of strong support from group company, the company 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
July, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
July, 2014 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Atul Swami |
|
Designation : |
Finance Department |
|
Contact No.: |
91-9626930700 |
|
Date : |
29.05.2015 |
LOCATIONS
|
Registered Office / Corporate Office: |
24 Sankari Byepass Road, Pallipalayam, Erode – 638006, Tamilnadu, India |
|
Tel. No.: |
91-4288-278169 / 245525, 245801 |
|
Mobile No.: |
91-9626930700 (Mr. Atul Swami) |
|
Fax No.: |
91-4288-245526 |
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E-Mail : |
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|
Website : |
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|
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Head Office : |
23 C, Sankari Main Road, Pallipalayam, Erode - 638 006, Tamilnadu, India |
|
|
|
|
Factory : |
45/2, Anangur road, Nettavelampalayam, Tiruchencode - 637304, Tamilnadu, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Sengodagounder Muthusamy |
|
Designation : |
Director |
|
Address : |
1A/7, Sankari Byepass Road, Pallipalayam, Erode – 638006, Tamilnadu, India |
|
Date of Birth/Age : |
07.05.1939 |
|
Date of Appointment : |
21.04.2005 |
|
DIN No.: |
01369099 |
|
|
|
|
Name : |
Vellayagounder Sengodagounder Palanisamy |
|
Designation : |
Whole-time director |
|
Address : |
1A/3, Sankari Byepass Road, Pallipalayam, Erode – 638006, Tamilnadu, India |
|
Date of Birth/Age : |
06.10.1948 |
|
Date of Appointment : |
21.04.2005 |
|
DIN No.: |
01369156 |
|
|
|
|
Name : |
Muthusamy Ravichandran |
|
Designation : |
Director |
|
Address : |
1A/7, Sankari Byepass Road, Pallipalayam, Erode – 638006, Tamilnadu, India |
|
Date of Birth/Age : |
01.06.1966 |
|
Date of Appointment : |
21.04.2005 |
|
DIN No.: |
01369264 |
|
|
|
|
Name : |
Palanisamy Duraisamy |
|
Designation : |
Director |
|
Address : |
1A/3, Sankari Byepass Road, Pallipalayam, Erode – 638006, Tamilnadu, India |
|
Date of Birth/Age : |
20.09.1974 |
|
Date of Appointment : |
21/04/2005 |
|
DIN No.: |
01369280 |
|
|
|
|
Name : |
Devarajan Muthusamy Palanisamy |
|
Designation : |
Director |
|
Address : |
67/1 Paper Mill Road, Pallipalayam Po, Thiruchengode, Erode - 638006, Tamilnadu, India |
|
Date of Birth/Age : |
16.05.1964 |
|
Date of Appointment : |
21.04.2005 |
|
DIN No.: |
02106075 |
|
|
|
|
Name : |
Govindampalyam Muthusamy Palanisamy |
|
Designation : |
Director |
|
Address : |
M/S. G M Palanisamy And Company, Paper Mill Road, Pallipalayam Po, Thiruchengode, Erode - 638006, Erode - 638006 |
|
Date of Birth/Age : |
19.11.1939 |
|
Date of Appointment : |
21.04.2005 |
|
DIN No.: |
02106268 |
|
|
|
|
Name : |
Ravichandran Muralidharan |
|
Designation : |
Director |
|
Address : |
No.65, Sankari Byepass Road, Pallipalayam, Erode - 638006, Erode - 638006 |
|
Date of Birth/Age : |
03.09.1989 |
|
Date of Appointment : |
29.08.2012 |
|
DIN No.: |
03524694 |
KEY EXECUTIVES
|
Name : |
Amirtham Arulsamy |
|
Designation : |
Secretary |
|
Address : |
27, 7th Cross, Annanagar, Nellithope Port,, Pondicherry - 605005, India |
|
Experience : |
AAIPA9659D |
|
Date of Appointment : |
03.10.2014 |
|
|
|
|
Name : |
Mr. Atul Swami |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
SHAREHOLDERS DETAILS FILE ATTACHED.
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
38.00 |
|
Directors or relatives of Directors |
43.00 |
|
Other top fifty shareholders |
19.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of synthetics cloth, Viscose Yarn, Grey Cloth, Cotton Poly Yarn. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
--- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
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 the management. |
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Bankers : |
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Auditors : |
|
|
Name : |
T N Ramadoss and Company |
|
Address : |
5 4 , Town Railway Station Road, Salem, Tamilnadu, India |
|
PAN No.: |
AAAFT9046R |
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Memberships : |
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Collaborators : |
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Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives: |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,530,000 |
Equity Shares |
Rs.100/- each |
Rs.153.000Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,511,843 |
Equity Shares |
Rs.100/- each |
Rs.151.184 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 |
151.184 |
86.106 |
79.953 |
|
(b) Reserves &
Surplus |
285.421 |
231.164 |
179.316 |
|
(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) |
436.605 |
317.270 |
259.269 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
618.284 |
540.191 |
328.976 |
|
(b) Deferred tax
liabilities (Net) |
27.315 |
33.185 |
34.645 |
|
(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) |
645.599 |
573.376 |
363.621 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
122.672 |
76.501 |
199.805 |
|
(b) Trade payables |
54.952 |
39.065 |
38.993 |
|
(c) Other current
liabilities |
176.715 |
169.206 |
116.963 |
|
(d) Short-term provisions |
12.986 |
10.757 |
4.674 |
|
Total Current Liabilities
(4) |
367.325 |
295.529 |
360.435 |
|
|
|
|
|
|
TOTAL |
1449.529 |
1186.175 |
983.325 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
800.116 |
746.910 |
482.400 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
6.366 |
9.412 |
19.030 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
22.073 |
12.073 |
12.073 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
26.299 |
22.106 |
25.373 |
|
(e) Other Non-current
assets |
0.124 |
0.116 |
0.288 |
|
Total Non-Current Assets |
854.978 |
790.617 |
539.164 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
234.522 |
177.380 |
144.657 |
|
(c) Trade receivables |
132.633 |
65.344 |
77.257 |
|
(d) Cash and cash
equivalents |
122.262 |
59.742 |
141.620 |
|
(e) Short-term loans and
advances |
100.158 |
88.534 |
75.365 |
|
(f) Other current assets |
4.976 |
4.558 |
5.262 |
|
Total Current Assets |
594.551 |
395.558 |
444.161 |
|
|
|
|
|
|
TOTAL |
1449.529 |
1186.175 |
983.325 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2707.417 |
1888.600 |
1499.546 |
|
|
Other Income |
NA |
38.267 |
87.857 |
|
|
TOTAL (A) |
NA |
1926.867 |
1587.403 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1046.648 |
1111.832 |
|
|
Purchases of
Stock-in-Trade |
|
213.698 |
37.717 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(23.721) |
11.097 |
|
|
Exceptional Items |
|
(16.615) |
(3.764) |
|
|
Extraordinary Items |
|
50.798 |
0.000 |
|
|
Employees benefits
expense |
|
36.009 |
32.997 |
|
|
Other expenses |
389.854 |
250.769 |
|
|
|
TOTAL (B) |
2320.778 |
1696.671 |
1440.648 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
386.639 |
230.196 |
146.755 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
92.787 |
76.107 |
64.254 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
293.852 |
154.089 |
82.501 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
156.210 |
96.414 |
58.183 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
137.642 |
57.675 |
24.318 |
|
|
|
|
|
|
|
Less |
TAX (H) |
48.909 |
19.673 |
7.946 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
88.733 |
38.002 |
16.372 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
249.209 |
661.059 |
NA |
|
|
TOTAL EARNINGS |
249.209 |
661.059 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
491.778 |
545.174 |
NA |
|
|
Plant and Machinery |
100.920 |
145.245 |
NA |
|
|
Stores & spares |
6.242 |
5.542 |
NA |
|
|
TOTAL IMPORTS |
598.940 |
695.961 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
58.69 |
46.05 |
20.48 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
116.000 |
87.700 |
69.780 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
3.28 |
2.01 |
1.09 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
14.28 |
12.19 |
9.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.69 |
4.95 |
2.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32 |
0.18 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.96 |
2.22 |
2.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.62 |
1.34 |
1.23 |
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 |
79.953 |
86.106 |
151.184 |
|
Reserves & Surplus |
179.316 |
231.164 |
285.421 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
259.269 |
317.270 |
436.605 |
|
|
|
|
|
|
long-term borrowings |
328.976 |
540.191 |
618.284 |
|
Short term borrowings |
199.805 |
76.501 |
122.672 |
|
Current Maturities of
Long Term Debt |
69.780 |
87.700 |
116.000 |
|
Total borrowings |
598.561 |
704.392 |
856.956 |
|
Debt/Equity ratio |
2.309 |
2.220 |
1.963 |
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 |
1499.546 |
1888.600 |
2707.417 |
|
|
|
25.945 |
43.356 |
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 |
1499.546 |
1888.600 |
2707.417 |
|
Profit |
16.372 |
38.002 |
88.733 |
|
|
1.09% |
2.01% |
3.28% |
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) |
No |
|
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 |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10331611 |
22/01/2014 * |
872,900,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, 78/79 PARK ROAD, C D BUILDING, |
B96788781 |
|
2 |
10001584 |
25/08/2014 * |
1,575,500,000.00 |
STATE BANK OF INDIA |
12A BYE PASS ROAD,, PALLIPALAYAM, ERODE, TAMIL NA |
C32219594 |
* Date of charge modification
PERFORMANCE
During the year, the turnover and production of the company has increased by Rs.818.817 Million (43.38%) and 2.792 Million Kgs (43.86%) respectively. Resultantly, Profit before interest and depreciation has increased by Rs.105.644 Million (37.60%). Due to increase in interest and depreciation profit before tax has increased by Rs.79.967 Million. During the year, the company earned cash profit of Rs.244.943 Million as against Rs.185.215 Million in the previous year.
FUTURE PROSPECTS
Effective steps are being taken to sustain the market demand. The Gross revenue is likely to increase substantially in the forthcoming year.
FINANCE
The company has availed a term loan of Rs.182.584 Million during the year. Directors do not wish to recommend any dividend, as the funds are required to meet the ongoing project expansion plan.
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Computer equipments
- Office equipment
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.63.61 |
|
|
1 |
Rs.97.27 |
|
Euro |
1 |
Rs.69.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
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 |
|
--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 |
|
50 |
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.