MIRA INFORM REPORT
|
Report No. : |
325392 |
|
Report Date : |
04.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
S H KELKAR AND COMPANY LIMITED |
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Registered
Office : |
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|
Tel. No.: |
91-S22-22069609 |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
01.07.1955 |
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Com. Reg. No.: |
11-009593 |
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Capital
Investment / Paid-up Capital : |
Rs.141.467 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1955PLC009593 |
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|
IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS37437B |
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PAN No.: [Permanent Account No.] |
AAACS9778G |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Aromatic Chemicals Flavours and Fragrances. |
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No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7500000 |
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Status : |
Good |
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Payment Behavior : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a successor of a partnership firm set up in 1922 and later
in the year 1995 it was been reconstituted as a private limited company under
“Kelkar Group”. It is an established company having fine tack. Financial as well as liquidity position appears to be sound marked by
healthy net worth and decent cash balance during the year under review. Trade relations are fair. Business is active. Payment terms are reported
as regular and as per commitments. In view of group’s established position in the flavours and fragrances
industry, and the extensive experience of the promoters, 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 AA - |
|
Rating Explanation |
High degree of safety and very low credit
risk. |
|
Date |
30.05.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating A1 + |
|
Rating Explanation |
Very Strong degree of safety and carry lowest credit risk. |
|
Date |
30.05.2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Mahendra |
|
Designation : |
Junior Executive |
|
Contact No.: |
91-22-22069609 |
|
Date : |
30.05.2015 |
LOCATIONS
|
Registered Office : |
|
|
Tel. No.: |
91-22-22069609/ 22019130/ 22069620/ 29/ 30 |
|
Fax No.: |
91-22-22081204 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned and Industrial |
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Corporate Office : |
Lal Bahadur Shastri Marg, Near |
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Tel. No.: |
91-22-25642242/ 43 / 45/ 0960/ 56/ 58 / 25640960/ 25906245 (Marketing) |
|
Fax No.: |
91-22-25647334/ 25645271/ 25645272/25640202 (Sales Department) |
|
Email: |
marketing@shkelkar.com
(Marketing) katke@shkelkar.com (Sales) |
|
|
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|
Factory : |
Vashivali, S. No.12-5,6 and S. No.30-34 and 36, Village Patalgana,
District – Raigad - 410220, |
|
Tel. No.: |
91-2192-250628/ 30/ 250452/ 3 |
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Fax No.: |
91-2192-252753 |
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Email: |
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Sales Office : |
Mumbai : |
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Tel No : |
91-22-22019130/ 22019198 |
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Email : |
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Tamilnadu : |
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Plot No. 26, East Main Road, Balaji Nagar, Salaiyur - 600073, Chennai,
Tamilnadu |
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Tel. No.: |
91-9380146606 (N. J. Murall) 91-9994544633 (V Moorthy) 91-9952166668 (M. Sriram) |
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SOLE PROPRIETOR/PARTNERS/DIRECTORS
AS ON 18.09.2014
|
Name : |
Mr. Ramesh Vinayak Vaze |
|
Designation : |
Managing Director |
|
Address : |
L.B.S. Marg, Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Date of Birth/Age : |
30.04.1941 |
|
Qualification : |
B. Sc |
|
Date of Appointment : |
11.02.1981 |
|
DIN No.: |
00509751 |
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|
|
|
Name : |
Mrs. Prabha Ramesh Vaze |
|
Designation : |
Director |
|
Address : |
Bal Rajeshwar Road, Mulund (West), Mumbai – 400080, Maharashtra, India
|
|
Date of Birth/Age : |
19.06.1946 |
|
Date of Appointment : |
29.10.1980 |
|
DIN No.: |
00509817 |
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|
|
|
Name : |
Mr. Kedar Ramesh Vaze |
|
Designation : |
Director |
|
Address : |
Bal Rajeshwar Road, Mulund (West), Mumbai – 400080, Maharashtra, India
|
|
Date of Birth/Age : |
12.11.1973 |
|
Qualification : |
M. Sc., DMS |
|
Date of Appointment : |
27.08.2010 |
|
DIN No.: |
00511325 |
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|
|
|
Name : |
Mr. Amit Mahendra Kumar Dixit |
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Designation : |
Director |
|
Address : |
Thakur Nivas, Flat No.21, 173 Jamshedji Tata Road, Churchgate, Mumbai
– 400020, Maharashtra, India |
|
Date of Birth/Age : |
26.01.1973 |
|
Date of Appointment : |
27.09.2012 |
|
DIN No.: |
01798942 |
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|
|
|
Name : |
Mr. Amit Satya Narayan Dalmia |
|
Designation : |
Director |
|
Address : |
Flat No.94, Building 4-A, Kalpataru Estate, JVLR, Andheri (East),
Mumbai – 400093, Maharashtra, India |
|
Date of Birth/Age : |
30.10.1975 |
|
Date of Appointment : |
27.09.2012 |
|
DIN No.: |
05313886 |
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|
|
|
Name : |
Deepak Raj Bindra |
|
Designation : |
Director |
|
Address : |
266, Section, 11A, Chandigarh, India |
|
Date of Birth/Age : |
04.06.1947 |
|
Date of Appointment : |
06.03.2014 |
|
DIN No.: |
0683519*6 |
|
|
|
|
Name : |
Nitin Ram Potdar |
|
Designation : |
Director |
|
Address : |
402/A -2, 4th Floor, Sumer Trinity Tower2, TPS-4, 1052, New
Prabhadevi Road, Prabhadevi, Mumbai –
400025, Maharashtra, India |
|
Date of Birth/Age : |
21.02.1963 |
|
Date of Appointment : |
22.08.2014 |
|
DIN No.: |
00452644 |
KEY EXECUTIVES
|
Name : |
Mrs. Deepti Pramod Parkar |
|
Designation : |
Company Secretary |
|
Address : |
3, Om Ramanand CHS, |
|
Date of Birth/Age : |
30.06.1984 |
|
Date of Appointment : |
30.06.2011 |
|
PAN No.: |
AOHPP5769E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 18.09.2014
|
Names of Shareholders |
No. of Shares |
|
Ramesh Vaze |
17391000 |
|
Prabha Vaze |
8352000 |
|
Kedar Vaze |
15525000 |
|
Parth Vaze |
1325000 |
|
Nandam Vaze |
1325000 |
|
Ramesh Vaze (as
Karta of Ramesh Vaze HUF) |
8575000 |
|
Aditi Vaze |
1269000 |
|
Ramesh Vaze
Family Trust |
3045000 |
|
Prabha Vaze
Family Trust |
3045000 |
|
KNP Industries
Pte. Limited, Singapore |
17124000 |
|
V G Vaze Charity
Trust |
2030000 |
|
Blackstone
Capital Partners (Singapore) VI FDI Two Pte. Limited, Singapore |
43563000 |
|
Blackstone
Family Investment Partnership (Singapore) VI-ESC FDI Two Pte. Limited |
287000 |
|
Aachman Vanijya
Private Limited , India |
200000 |
|
Acme Polytwist
Private Limited, India |
200000 |
|
Sri Agraganya
Investment and Advisers Private Limited , India |
600000 |
|
Global
Mercantile Private Limited, India |
400000 |
|
Linton
Engineering Services Private Limited, India |
400000 |
|
Keva Constructions Private Limited |
7615000 |
|
Total |
132271000 |
|
Names of Shareholders |
No. of Shares |
|
Blackstone
Capital Partners (Singapore) VI FDI Two Pte. Limited, Singapore |
9135 |
|
Blackstone Family
Investment Partnership (Singapore) VI-ESC FDI Two Pte. Limited |
60 |
|
Total |
9195 |
Equity Share Break up (Percentage of Total Equity)
AS ON 18.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companies(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
46.10 |
|
Bodies corporate |
7.12 |
|
Directors or relatives of Directors |
34.16 |
|
Other top fifty shareholders |
12.62 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Aromatic Chemicals Flavours and Fragrances. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash, Advanced Payment and Cheque |
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Purchasing : |
Cash, Advanced Payment and Cheque |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
BSR and Company Chartered Accountants |
|
Address : |
Lodha Excelus, 1st Floor, Apollo Mills Compound, N.M. Joshi
Marg, Mahalaxmi, Mumbai, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAIFB4734C |
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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: |
[U29219MH2006PTC164210]
[U65990MH1979PTC021994]
|
CAPITAL STRUCTURE
AFTER 18.09.2014
Authorised Capital : Rs. 1660.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 1414.660
Million
AS ON 18.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
134064500 |
Equity Shares |
Rs.10/- each |
Rs.1340.645 Million |
|
119200 |
Preferences Shares |
Rs.1000/- each |
Rs.119.200 Million |
|
15500 |
Preferences Shares |
Rs.10/- each |
Rs.0.155 Million |
|
|
TOTAL
|
|
Rs.1460.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
132271000 |
Equity Shares |
Rs.10/- each |
Rs.1322.710 Million |
|
9195 |
Preferences Shares |
Rs.1000/- each |
Rs. 9.195 Million |
|
|
TOTAL
|
|
Rs.1331.905
Million |
AS ON 31.03.2014
Authorised Capital : Rs. 1314.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 141.467
Million
ABRIDGED
BALANCE SHEET
FINANCIAL DATA
[all figures are
in Rupees Million]
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
141.467 |
120.320 |
1072.852 |
|
(b) Reserves & Surplus |
2492.478 |
2401.547 |
1409.839 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
523.364 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2633.945 |
3045.231 |
2482.691 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
188.852 |
361.361 |
601.836 |
|
(b) Deferred tax liabilities (Net) |
9.568 |
15.04 |
0.000 |
|
(c) Other long term
liabilities |
9.000 |
9.000 |
0.000 |
|
(d) long-term
provisions |
20.333 |
18.543 |
15.321 |
|
Total Non-current
Liabilities (3) |
227.753 |
403.944 |
617.157 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
824.163 |
454.933 |
1106.841 |
|
(b) Trade
payables |
685.927 |
511.941 |
251.022 |
|
(c) Other
current liabilities |
351.225 |
333.007 |
306.932 |
|
(d) Short-term
provisions |
175.094 |
31.210 |
31.625 |
|
Total Current
Liabilities (4) |
2036.409 |
1331.091 |
1696.420 |
|
|
|
|
|
|
TOTAL |
4898.107 |
4780.266 |
4796.268 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1001.617 |
970.044 |
962.917 |
|
(ii)
Intangible Assets |
37.260 |
4.999 |
0.000 |
|
(iii)
Capital work-in-progress |
1.474 |
258.116 |
212.45 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
977.717 |
1128.404 |
1122.799 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
30.200 |
|
(d) Long-term Loan and Advances |
48.280 |
47.897 |
38.721 |
|
(e) Other
Non-current assets |
0.879 |
1.480 |
0.398 |
|
Total Non-Current
Assets |
2067.227 |
2410.940 |
2367.485 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
1.874 |
1.766 |
1.669 |
|
(b)
Inventories |
1661.251 |
1157.037 |
1188.009 |
|
(c) Trade
receivables |
838.620 |
714.714 |
703.622 |
|
(d) Cash
and cash equivalents |
133.747 |
210.98 |
113.742 |
|
(e)
Short-term loans and advances |
193.657 |
283.466 |
421.741 |
|
(f) Other
current assets |
1.731 |
1.363 |
0.000 |
|
Total
Current Assets |
2830.880 |
2369.326 |
2428.783 |
|
|
|
|
|
|
TOTAL |
4898.107 |
4780.266 |
4796.268 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3992.600 |
3415.400 |
3056.900 |
|
|
|
Other Income |
NA |
NA |
94.800 |
|
|
|
TOTAL |
NA |
NA |
3151.700 |
|
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
NA |
NA |
2452.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
777.600 |
622.700 |
699.200 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
90.400 |
145.400 |
319.300 (Depreciation and Interest) |
|
|
|
|
|
|
||
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
687.200 |
477.300 |
||
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
125.700 |
122.300 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
561.500 |
355.000 |
379.900 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
152.400 |
181.700 |
78.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
409.100 |
173.300 |
301.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
110.300 |
59.600 |
119.600 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
10.25 |
5.07 |
9.85 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
19.48 |
18.23 |
22.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.33 |
10.46 |
11.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.12 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.38 |
0.27 |
0.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.78 |
1.43 |
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 |
1072.852 |
120.320 |
141.467 |
|
Reserves & Surplus |
1409.839 |
2401.547 |
2492.478 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
523.364 |
0.000 |
|
Net worth |
2482.691 |
3045.231 |
2633.945 |
|
|
|
|
|
|
long-term borrowings |
601.836 |
361.361 |
188.852 |
|
Short term borrowings |
1106.841 |
454.933 |
824.163 |
|
Total borrowings |
1708.677 |
816.294 |
1013.015 |
|
Debt/Equity ratio |
0.688 |
0.268 |
0.385 |
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 |
3056.900 |
3415.400 |
3992.600 |
|
|
|
11.728 |
16.900 |
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 |
3056.900 |
3415.400 |
3992.600 |
|
Profit |
301.000 |
173.300 |
409.100 |
|
|
9.85% |
5.07% |
10.25% |
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 |
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
|
CASE DETAILS BENCH: BOMBAY PRESENTATION DATE: 27/09/2013 LODGING NO.:NMSL/2646/2010
FILING DATE: 20/09/2010 REG NO. NMS/2646/2010
REG DATE : 20/09/2010 STAMP NO.: STRL/99/2007
|
BUSINESS REVIEW:
The financial year ended March 2014 was another successful year, where despite a challenging environment, their business grew well ahead of market. Their product mix continued to improve consistently. Several innovations were launched to meet the changing needs and aspirations of their consumers. They expanded their reach and further strengthened our distribution so that we can serve their consumers better with their wide range of product offerings. Despite the Indian economy witnessing a slowdown, they delivered healthy results supported by improving consumer sentiment. Innovations touched most of their product portfolio and delivered strong growth.
Resilient in the volatile environment, the Company achieved good results in FY 2013-14 and maintained a healthy balance sheet. The Company was able to achieve top-line growth in line with its long-term growth targets, owing to strong sales increases in the emerging markets as well as good performance in the developed markets. Fragrance India Division, which is driven by a combination of new business and volume, gains with key clients as they expand in these regions, performed well during the year 2013-2014.
RESULTS OF
OPERATIONS:
Top line of the company has increased from Rs. 3415.400 Million as on March 31, 2013 to Rs. Million 3992.600 Million as on March 31, 2014 representing a growth of 17% over the previous financial year primarily due to growth in the fragrance business. Profit before tax recorded a healthy growth of 58%. There was a prior period deferred tax adjustment of Rs. 33.400 Million which impacted the Profit after Tax for last year. Excluding this adjustment, the Profit after Tax has recorded a remarkable growth of 98% on like-to-like basis. On the back of robust and consistent financial performance of the business, the Company has been able to secure far more competitive credit terms leading to 38% drop in finance costs.
BUSINESS OUTLOOK:
Going ahead, macro-economic headwinds and heightened competitive intensity notwithstanding, they would strive to continue to drive profitable growth on the back of enhanced distribution, innovative marketing mix and new initiatives across categories and geographies. They expect to widen their geographic diversification and acquire new clients in emerging markets.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand |
50.048 |
50.048 |
|
|
|
|
|
Total |
50.048 |
50.048 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10516136 |
08/08/2014 |
120000000 |
Citi Bank N.A. |
First International
Financial Centre, 9th Floor, |
C17511726 |
|
2 |
10300772 |
20/08/2014 |
600000000 |
HDFC BANK LIMITED |
HDFC Bank House, Senapati Bapat Marg, Lower parel, Mumbai, Maharashtra - 400013, INDIA |
C20272506 |
|
3 |
10247573 |
28/01/2015 |
807500000 |
ST HELEN'S NOMINEES INDIA PRIVATE LIMITED |
1st Floor, CRESCENZO Building, C-38/39, "G" Block, Bandra Kurla Complex,Bandra (East), Mumbai, Maharashtra - 400051, INDIA |
C44678795 |
|
4 |
10231927 |
28/01/2015 |
950000000 |
ST HELEN'S NOMINEES INDIA PRIVATE LIMITED |
1st Floor, CRESCENZO Building, C-38/39, "G" Block, Bandra Kurla Comple,Bandra (East), Mumbai, Maharashtra - 400051, INDIA |
C44677839 |
FIXED ASSETS
- Goodwill
- Land
- Buildings
- R and D
Building
- Creative Centre
– New R and D Building
- R and D
Equipments
- R and D Green
House
- Plant and
Machinery
- Motor Cars
and Vehicles
- Furniture and
Fixtures
· Agricultural Implements
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or investigation
registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.17 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DDD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
53 |
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
unfavorable 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.