MIRA INFORM REPORT
|
Report No. : |
325889 |
|
Report Date : |
06.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
KODAK INDIA PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
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|
|
|
|
Registered
Office : |
1st Floor, Dani Corporate Park, 158, Dani Compound,
Vidyanagari Marg, Kalina, Santacruz (East), Mumbai – 400 098, Maharashtra |
|
Tel. No.: |
91-22-66416853 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
Date of
Incorporation : |
23.08.1973 |
|
|
|
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Com. Reg. No.: |
11-016767 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.97.345
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1973PTC016767 |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK05644C |
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|
|
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PAN No.: [Permanent Account No.] |
AAACK2172J |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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|
Line of Business
: |
Business segments have been considered as primary
segment for disclosure. The categories included in each of the reported
business segments are as follows: (a) Consumer Imaging which includes the
manufacture/ trading of Films, Paper, Cameras, Chemicals and other ancillary
products for the use of/ service to the amateur photographic market. (b) Commercial Imaging which includes the
manufacture/ trading of Films (Graphic Arts and Cinematographic), Plates,
Chemicals, Equipment and other products required by movie production houses,
professional laboratories and other commercial/ industrial consumers. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Kodak Limited, UK. It was incorporated in the year 1973 and engaged in the business of
manufacturing and trading of films, paper, cameras, chemicals and other
ancillary products for the use of service to the amateur photographic market.
It is a well-established company having fine track. The company has incurred losses during the year 2013-2014. The gross
sales for the FY 2014 is Rs.2766.000 million as against Rs.4068.000 million for
the year FY 2013. There is decrease of 32.01% sales when compared with last
year. However, the company is operating on its owned funds. Trade relations are fair. Business is active. Payments are regular and
as per commitments. In view of strong holdings, the company can be considered normal for
business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY (PARTIAL DETAILS)
|
Name : |
Mr. Santosh |
|
Designation : |
Commercial Assistant |
|
Contact No.: |
91-22-67026600 |
|
Date : |
05.06.2015 |
LOCATIONS
|
Registered Office : |
1st Floor, Dani Corporate Park, 158, Dani Compound,
Vidyanagari Marg, Kalina, Santacruz (East), Mumbai – 400 098, Maharashtra,
India |
|
Tel. No.: |
91-22-66416853/ 64416300 |
|
Fax No.: |
91-22-66416862 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Plant 1 : |
L16, Verna Industrial Estate, Verna, Goa, India |
|
|
|
|
Plant 2 : |
16, Sardarmangala Industrial Area, White Field Road, Bangalore – 560
048, Karnataka, India. |
|
Tel. No.: |
91-80-28452681 |
|
|
|
|
Plant 3 : |
79/100, Industrial Growth Centre, Malanpur District, Madhya Pradesh,
India. |
|
Tel. No.: |
91-7539-283308/ 283327 |
|
Fax No.: |
91-7539-283388 |
|
|
|
|
Regional Office : |
Located at: ·
Mumbai ·
Chennai ·
Chennai ·
Bangalore ·
Kolkata ·
Hyderabad ·
Cochin |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr.
Bhalchandra Bhaskar Nikumb |
|
Designation : |
Whole-time
Director |
|
Address : |
B-301,
Anmol, Brahmin Society, P. Savalram Marg, Naupada,, Thane (West) – 400 602,
Maharashtra, India |
|
Date of Birth/Age : |
01.01.1962 |
|
Date of Appointment : |
01.03.2013 |
|
DIN No.: |
00274262 |
|
PAN No.: |
ABZPN7787M |
|
|
|
|
Name : |
Ms.
Meghana Rajiv Joshi |
|
Designation : |
Whole-time
Director |
|
Address : |
203,
Shagun Sadhana, G.V. Scheme, Road No.2, Mulund (East), Mumbai – 400 081,
Maharashtra, India |
|
Date of Birth/Age : |
02.04.1978 |
|
Date of Appointment : |
14.01.2014 |
|
DIN No.: |
01508427 |
|
PAN No.: |
AEWPJ3217N |
|
|
|
|
Name : |
Lois
Matthieu Lebegue |
|
Designation : |
Director |
|
Address : |
Grosvenor
Place, Unit 1201, No.6, Lane 168, Shun Chang Road, Luwan District, Shanghai,
200021, China |
|
Date of Birth/Age : |
16.02.1968 |
|
Date of Appointment : |
16.02.2012 |
|
DIN No.: |
05197020 |
KEY EXECUTIVES
|
Name : |
Mr. Santosh |
|
Designation : |
Commercial Assistant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Kodak Limited, Watford, UK |
|
9734506 |
|
Kodak Limited jointly with Kodak International Finance Limited, Watford, UK |
|
2 |
|
Total |
|
9734508 |
AS ON 29.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Business segments have been considered as primary
segment for disclosure. The categories included in each of the reported
business segments are as follows: (a) Consumer Imaging which includes the
manufacture/ trading of Films, Paper, Cameras, Chemicals and other ancillary
products for the use of/ service to the amateur photographic market. (b) Commercial Imaging which includes the manufacture/
trading of Films (Graphic Arts and Cinematographic), Plates, Chemicals,
Equipment and other products required by movie production houses,
professional laboratories and other commercial/ industrial consumers. |
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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 and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
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|
Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
252, Veer
Savarkar Marg, 2nd Floor, Shivaji Park, Dadar (West), Mumbai – 400
028, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFP9359C |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
Kodak Limited, |
|
|
|
|
Ultimate Holding Company: |
Eastman Kodak Company, U.S.A. |
|
|
|
|
Parties under
common control with whom the company has had transactions during the year: |
|
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 million |
|
500000 |
Preference Shares |
Rs.415/- each |
Rs.207.500 million |
|
|
Total
|
|
Rs.327.500
million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9734508 |
Equity Shares |
Rs.10/- each |
Rs.97.345
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 |
97.345 |
97.345 |
97.345 |
|
(b) Reserves &
Surplus |
856.700 |
977.200 |
1284.300 |
|
(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) |
954.045 |
1074.545 |
1381.645 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
12.300 |
18.400 |
20.200 |
|
(d) Long-term provisions |
374.500 |
431.400 |
356.800 |
|
Total Non-current
Liabilities (3) |
386.800 |
449.800 |
377.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
485.000 |
552.800 |
883.600 |
|
(c) Other current
liabilities |
130.800 |
114.700 |
230.500 |
|
(d) Short-term provisions |
16.700 |
25.700 |
93.600 |
|
Total Current Liabilities
(4) |
632.500 |
693.200 |
1207.700 |
|
|
|
|
|
|
TOTAL |
1973.345 |
2217.545 |
2966.345 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
51.400 |
100.400 |
118.700 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
567.400 |
598.500 |
601.400 |
|
(e) Other Non-current
assets |
17.600 |
13.000 |
7.200 |
|
Total Non-Current Assets |
636.400 |
711.900 |
727.300 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
498.800 |
407.400 |
758.500 |
|
(c) Trade receivables |
496.500 |
452.100 |
712.100 |
|
(d) Cash and cash
equivalents |
223.400 |
553.900 |
656.500 |
|
(e) Short-term loans and
advances |
78.300 |
81.700 |
96.800 |
|
(f) Other current assets |
39.945 |
10.545 |
15.145 |
|
Total Current Assets |
1336.945 |
1505.645 |
2239.045 |
|
|
|
|
|
|
TOTAL |
1973.345 |
2217.545 |
2966.345 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Sales |
2766.000 |
4068.000 |
7185.400 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(125.700) |
(391.300) |
(361.100) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.600 |
21.600 |
23.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(140.300) |
(412.900) |
(384.900) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(19.800) |
(106.800) |
241.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(120.500) |
(307.100) |
(626.300) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(890.300)
|
(583.200) |
714.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
71.300 |
|
|
|
Dividend |
0.000 |
0.000 |
515.900 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
83.700 |
|
|
BALANCE CARRIED
TO THE B/S |
(1010.800)
|
(890.300) |
(583.200) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(12.38) |
(31.55) |
NA |
|
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 (PAT / Sales) |
(%) |
(4.36) |
(7.55) |
(8.72) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.11) |
(18.62) |
(12.98) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.15) |
(0.38) |
(0.28) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.11 |
2.17 |
1.85 |
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 |
97.345 |
97.345 |
97.345 |
|
Reserves & Surplus |
1284.300 |
977.200 |
856.700 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1381.645 |
1074.545 |
954.045 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
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) |
|
Gross Sales |
7185.400 |
4068.000 |
2766.000 |
|
|
|
(43.385) |
(32.006) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Gross Sales |
7185.400 |
4068.000 |
2766.000 |
|
Profit |
(626.300) |
(307.100) |
(120.500) |
|
|
(8.72%) |
(7.55%) |
(4.36%) |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
SEGMENT REPORTING
Business segments have been considered as primary segment for
disclosure. The categories included in each of the reported business segments
are as follows:
(a) Consumer Imaging which includes the manufacture/ trading of Films, Paper,
Cameras, Chemicals and other ancillary products for the use of/ service to the
amateur photographic market.
(b) Commercial Imaging which includes the manufacture/ trading of Films
(Graphic Arts and Cinematographic), Plates, Chemicals, Equipment and other
products required by movie production houses, professional laboratories and
other commercial/ industrial consumers.
FINANCIAL RESULTS
The Company has resulted a net loss of Rs.120.500 million after tax and Rs.14.600 million provided for depreciation and amortisation. There was no transfer to Reserves and Surplus account during the year.
OVERVIEW
During the year, as a part of the restructuring strategy of the Company
to overcome the present challenges, it was decided to focus only on the core
areas of business and to sell / dispose-off the non-core businesses. In India,
Document Imaging (DI) and Personalised Imaging (PI) businesses consist of
scanning business, paper and Kiosk business. The Company has agreed to divest
its DI and PI businesses, as a part of its said restructuring initiatives. The
DI and PI businesses will be transferred to Kodak Alaris India Private Limited
(formerly known as 1116116 Oopco (India) Private Limited.
The Company has agreed to transfer its business and all related assets
and liabilities in favor of the Kodak Alaris (including the assignment of Lease
of the Land and conveyance of the Factory Building at Malanpur).
With this the Company reiterates its focus as a technology Company
serving imaging for business markets – including packaging, functional
printing, graphic communications and professional services.
Pursuant to the slow-down in the Entertainment Imaging Business, in
current year the Company has decided to close down the Goa factory located at
L-16, Verna Industrial Estate, Verna, Goa, which was manufacturing films for
this business unit. Accordingly, the Company has commenced the process of
disposal of the assets and separation of the employees pertaining to Goa plant.
The Company has recorded expenses to the tune of Rs.250 lakhs for restructuring
the workers and employees.
The Company has earned a net loss of Rs.120.500 million after tax and
Rs.14.600 million provided for depreciation.
The Gross Sales for the year ended 31st March, 2014 were
Rs.2766.000 million as against Rs.4068.000 million for the year ended 31st
March, 2013. On overall basis there is a decrease of 32.01% Sales when compared
with last year.
The Loss before taxation was Rs.140.300 million for the year ended 31st
March, 2014 as compared to Loss before taxation Rs.412.900 million for the year
ended 31st March, 2013.
INDEX
OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
90142839 |
06/04/2000 |
25,000,000.00 |
COMMERZ BANK
AKTIENGESELLSCHAFT |
12-B; FREE PRESS HOUSE;
215; FREE PRESS JOURNAL ROAD, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021,
INDIA |
- |
|
2 |
90234537 |
07/05/1999 |
90,000,000.00 |
CANARA BANK |
ETT SECTION; 51; STOCK
EXCHANGE TOWERS, 1ST CROSS; J.C. ROAD, BANGALORE, KARNATAKA - 560027, INDIA |
- |
|
3 |
90235918 |
07/05/1999 |
90,000,000.00 |
CANARA BANK |
STOCK EXCHANGE TOWERS,
J.C. ROAD, BANGALORE, KARNATAKA - 560027, INDIA |
- |
|
4 |
90234480 |
03/11/1998 |
100,000,000.00 |
CORPORATION BANK |
BHARAT HOUSE, 104; B.S.
MARG; FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
5 |
90234456 |
22/07/1998 |
100,000,000.00 |
CANARA BANK |
ETT SECTION; 51; STOCK EXCHANGE
TOWERS, 1ST CROSS; J.C. ROAD, BANGALORE, KARNATAKA - 560027, INDIA |
- |
|
6 |
90235858 |
22/07/1998 |
100,000,000.00 |
CANARA BANK |
STOCK EXCHANGE TOWERS,
J.C. ROAD, BANGALORE, KARNATAKA - 560027, INDIA |
- |
|
7 |
90234396 |
23/12/1997 |
43,500,000.00 |
CORPORATION BANK |
INDUSTRIAL FINANCE
BRNACH, BHARAT HOUSE; 104 B.S. MARG; FORT, MUMBAI, MAHARASHTRA - 400001,
INDIA |
- |
|
8 |
90234265 |
14/09/1996 |
21,000,000.00 |
CANARA BANK |
TAMARIND LANE BRANCH, CALCOT
HOUSE, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
9 |
90234246 |
22/07/1996 |
18,000,000.00 |
STANDARD CHARTERED BANK |
FORT BRANCH, MUMBAI,
MAHARASHTRA, INDIA |
- |
|
10 |
90234030 |
22/01/1999 * |
210,000,000.00 |
STANDARD CHARTERED BANK |
25; MAHATMA GANDHI ROAD,
MUMBAI, MAHARASHTRA - 400 023, INDIA |
- |
|
11 |
90235630 |
10/08/1994 |
210,000,000.00 |
STANDARD CHARTERED BANK |
M.G. ROAD, MUMBAI,
MAHARASHTRA - 400001, INDIA |
- |
|
12 |
90234028 |
01/08/1994 |
105,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE
BRNACH; UNION BANK BHAVAN, 1ST FLOOR; 239; VIDHAN BHAVAN MARG; NARIMAN
POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
- |
|
13 |
90234011 |
11/04/1997 * |
57,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRNACH;
UNION BANK BHAVAN, 1ST FLOOR; 239; VIDHAN BHAVAN MARG; NARIMAN POINT,
MUMBAI, MAHARASHTRA - 400021, INDIA |
- |
|
14 |
90233926 |
29/06/1993 |
7,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE
BRNACH; UNION BANK BHAVAN, 1ST |
- |
|
15 |
90233890 |
23/06/1993 * |
20,000,000.00 |
CORPORATION BANK |
INDUSTRIAL FINANCE
BRNACH, BHARAT HOUSE; 104 B.S. |
- |
|
16 |
90233885 |
27/01/1993 |
48,500,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE
BRNACH; UNION BANK BHAVAN, 1ST FLOOR; 239; VIDHAN BHAVAN MARG; NARIMAN
POINT, MU |
- |
|
17 |
90233661 |
02/07/1990 |
28,700,000.00 |
CITI BANK N.A. |
293; DR. D.N. ROAD,
BOMBAY, MAHARASHTRA - 400001, INDIA |
- |
|
18 |
90233623 |
23/02/1993 * |
69,000,000.00 |
STANDARD CHARTERED BANK |
25; MAHATMA GANDHI ROAD,
MUMBAI, MAHARASHTRA - 400 023, INDIA |
- |
|
19 |
90233618 |
16/06/1994 * |
5,000,000.00 |
CANARA BANK |
8/10 TAMARIND LANE,
BOMBAY, MAHARASHTRA - 400023, INDIA |
- |
|
20 |
90235427 |
02/11/1989 * |
5,000,000.00 |
CANARA BNAK |
TAMARIND LANE, BOMBAY,
MAHARASHTRA - 400023, INDIA |
- |
|
21 |
90233617 |
30/10/1989 |
3,800,000.00 |
STANDARD CHARTERED BANK |
25; MAHATMA GANDHI ROAD,
MUMBAI, MAHARASHTRA - 400 |
- |
|
22 |
90233608 |
25/03/1994 * |
30,342,000.00 |
CANARA BANK |
112; JAYACHAMARAJA ROAD,
BANGALORE, MAHARASHTRA - |
- |
|
23 |
90232621 |
16/02/1994 * |
30,342,000.00 |
CANARA BANK |
51; THAPAR HOUSE, J.C.
ROAD, BANGALORE, KARNATAKA |
- |
|
24 |
90235418 |
27/09/1989 |
30,342,000.00 |
CANARA BANK |
STOCK EXCHANGE TOWERS,
J.C. ROAD, BANGALORE, KARNATAKA - 560027, INDIA |
- |
|
25 |
90237862 |
25/03/1994 * |
303,420.00 |
CANARA BANK |
112; JAYACHAMARJA ROAD,
BANGALORE, KARNATAKA - 580 027, INDIA |
- |
|
26 |
90233560 |
16/02/1994 * |
9,000,000.00 |
KARNATAKA STATE
INDUSTRIAL INVETMENT & DEVELOP; LT |
MSIL HOUSE; 36;
CUNNINGHAM ROAD, BANGALORE, MAHARASHTRA - 560052, INDIA |
- |
|
27 |
90233389 |
30/10/1986 |
3,800,000.00 |
STATNDARD CHARTERED BANK |
M.G. ROAD, BOMBAY,
MAHARASHTRA - 400023, INDIA |
- |
|
28 |
90233352 |
03/04/1986 |
8,200,000.00 |
STANDARD CHARTERED BANK |
25; MAHATMA GANDHI ROAD,
MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
29 |
90235306 |
06/04/1993 * |
5,000,000.00 |
CANARA BANK |
TAMRIND LANE, BOMBAY,
MAHARASHTRA, INDIA |
- |
|
30 |
90233123 |
17/06/1994 * |
39,950,000.00 |
STANDARD CHARTERED BANK |
25; MAHATMA GANDHI ROAD,
MUMBAI, MAHARASHTRA - 400 023, INDIA |
- |
|
31 |
90233111 |
03/04/1981 |
9,200,000.00 |
STANDARD CHARTERED BANK |
M.G. ROAD, MUMBAI,
MAHARASHTRA - 400023, INDIA |
- |
|
32 |
90232995 |
22/07/1976 |
18,000,000.00 |
STANDARD CHARTERED BANK |
25; MAHATMA GANDHI ROAD,
MUMBAI, MAHARASHTRA - 400 023, INDIA |
- |
* Date of charge modification
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
(a) Income-tax demands against which the Company
has preferred appeals |
204.500 |
243.900 |
|
(b) Income-tax appellate orders against which the
Income-tax Department has preferred appeals |
112.500 |
112.500 |
|
(c) Sales Tax matters |
153.400 |
187.600 |
|
(d) Excise and Customs matters |
18.700 |
25.700 |
|
(e) Other matter including litigation/ claims
against the Company by customers/ vendors. |
73.500 |
86.200 |
FIXED ASSETS
·
Land
·
Buildings
·
Plant and Equipments
·
Furniture and Fixtures
·
Office Equipments
·
Leasehold Improvements
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 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.63.90 |
|
UK Pound |
1 |
Rs.97.98 |
|
Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
52 |
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.