MIRA INFORM REPORT
|
Report No. : |
326892 |
|
Report Date : |
13.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
PONDY OXIDES AND CHEMICALS LIMITED |
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|
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Registered
Office : |
KRM Centre, 4th Floor, #2, Harrington Road, Chetpet,
Chennai – 600031, Tamilnadu |
|
Tel. No.: |
91-44-42965454 |
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Country : |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
21.03.1995 |
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Com. Reg. No.: |
18-030586 |
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Capital
Investment / Paid-up Capital : |
Rs.55.760 Million |
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CIN No.: [Company Identification
No.] |
L24294TN1995PLC030586 |
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IEC No.: |
2593000091 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHEP02071G |
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PAN No.: [Permanent Account No.] |
AAACP5102D |
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Legal Form : |
A Public Limited Liability Company. The company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacturer of metallic oxides and plastic
additives producers. |
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No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 910000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated during the year 1995,
engaged in the business of manufacturing of metallic oxides and plastic
additives producers. It is having a satisfactory track record. In the view of financial year 2015, company has reported dignified
operational performance with top line growth of 30.90%. It also has fine
profitability margin during the year under a review. Rating also takes into consideration sound financial risk profile
backed by adequate networth with low borrowings. Company’s balance sheet
shows favourable trade receivables. Trade relations are reported as fair. Business is active. Payments are
usually correct. In view of decent financial base of the company, it is 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.
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
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 : |
Ms. Malar |
|
Designation : |
Key Executive |
|
Contact No.: |
91-44-25352339 |
|
Date : |
10.06.2015 |
LOCATIONS
|
Registered Office : |
KRM Centre, 4th Floor, #2, Harrington Road, Chetpet,
Chennai – 600031, Tamilnadu, India |
|
Tel. No.: |
91-44-42965454 |
|
Fax No.: |
91-44-42965455 |
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E-Mail : |
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Website : |
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Factory : |
F-14, “Mahaveer Chamber” 103, |
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Tel. No.: |
91-44-25352339 / 25353444 |
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Fax No.: |
91-44-25354797 |
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|
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Corporate Office : |
No.309, Poonamallee High Road, Natarajan Bay City Centre, 2nd
Floor, Kilpauk, Chennai – 600010, Tamilnadu, India |
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E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Padam Chandra Bansal |
|
Designation : |
Chairman |
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Name : |
Mr. D P Venkataraman |
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Designation : |
Vice Chairman |
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Name : |
Mr. Anil Kumar Bansal |
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Designation : |
Managing Director |
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Name : |
Mr. Sunil Kumar Bansal |
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Designation : |
Whole Time Director |
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|
Name : |
Mr. R P Bansal |
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Designation : |
Whole Time Director |
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|
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|
Name : |
Mr. Devakar Bansal |
|
Designation : |
Whole Time Director |
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Name : |
Mr. Ashish Bansal |
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Designation : |
Whole Time Director |
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Name : |
Mr. Y V Raman |
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Designation : |
Whole Time Director |
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Name : |
Mr. Anil Kumar Sachdev |
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Designation : |
Director |
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Name : |
Mr. Harish Kumar Lohia |
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Designation : |
Director |
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Name : |
Mr. P N Sridharan |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. K Kumaravel |
|
Designation : |
General Manager finance and Company Secretary |
SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
Individuals / Hindu Undivided Family |
2591833 |
46.48 |
|
|
95307 |
1.71 |
|
|
2687140 |
48.19 |
|
|
|
|
|
|
212813 |
3.82 |
|
|
212813 |
3.82 |
|
|
212813 |
3.82 |
|
Total shareholding of Promoter and Promoter Group (A) |
2899953 |
52.01 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
|
|
|
|
267170 |
4.79 |
|
|
|
|
|
Individual shareholders holding nominal share capital up
to Rs.0.100 Million |
1919086 |
34.42 |
|
Individual shareholders holding nominal share capital in
excess of Rs.0.100 Million |
357453 |
6.41 |
|
|
132331 |
2.37 |
|
|
9511 |
0.17 |
|
|
1935 |
0.03 |
|
|
82162 |
1.47 |
|
|
38723 |
0.69 |
|
|
2676040 |
47.99 |
|
Total Public shareholding (B) |
2676040 |
47.99 |
|
Total (A)+(B) |
5575993 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
5575993 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of metallic oxides and
plastic additives producers. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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, Cheque |
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Purchasing : |
Cash, Cheque |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
300 (Approximately) |
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Bankers : |
·
HDFC Bank - Mylapore Branch, Chennai, Tamilnadu,
India |
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Facilities : |
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Auditors : |
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Name : |
Jeeravla and Company Chartered Accountants |
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Address : |
New # 27, (Old #
19A), 1st Floor, Barnaby Road, Kilpauk, Chennai – 600010,
Tamilnadu, India |
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Tel. No.: |
91-44-26421022 |
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Collaborators : |
Not Divulged |
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Membership : |
Not Divulged |
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Subsidiary (As on
31.03.2014) : |
· POCL Enterprises Limited |
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Other Related
Enterprises (As on 31.03.2014) : |
· Ardee Industries Private Limited · Bansal Metalic Oxides · Bansal Chemicals (India) · Daman Metalic Oxides |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not Divulged
Issued, Subscribed & Paid-up Capital : Rs.55.760 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12400000 |
Equity Shares |
Rs. 10/- each |
Rs.124.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11151985 |
Equity Shares |
Rs. 10/- each |
Rs.111.520 Million |
|
|
|
|
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|
Shares out of the issued, subscribed and paid up share capital were alloted in the last five years pursuant to the various Schemes of amalgamation without payments being received in cash |
1,102,500 |
The details of Shareholders holding more than 5% shares:
|
Equity Shares |
Number
of Shares |
%
held |
|
Anil Kumar Bansal |
720196 |
6.46 |
|
Neelam Bansal |
619698 |
5.56 |
|
Manju Bansal |
585101 |
5.25 |
|
Ashish Bansal |
778127 |
6.98 |
Reconciliation of the number of shares outstanding is set out below
|
Name of
Shareholder |
Number
of Shares |
|
Equity shares at the beginning of the year |
11151985 |
|
Add : Shares issued on amalgamation of
subsidiary |
-- |
|
Less : Shares extinguished on crossholding, on amalgamation |
-- |
|
Equity shares at the end of the year |
11151985 |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
55.760 |
111.520 |
111.520 |
|
(b) Reserves & Surplus |
262.310 |
274.003 |
257.858 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
|
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
318.070 |
385.523 |
369.378 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
49.157 |
96.844 |
78.958 |
|
(b) Deferred tax liabilities (Net) |
1.745 |
7.248 |
6.334 |
|
(c) Other long term
liabilities |
2.000 |
2.000 |
2.000 |
|
(d) long-term
provisions |
6.890 |
10.810 |
9.615 |
|
Total Non-current
Liabilities (3) |
59.792 |
116.902 |
96.907 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
516.668 |
641.476 |
670.431 |
|
(b) Trade
payables |
148.869 |
148.330 |
143.924 |
|
(c) Other
current liabilities |
23.579 |
46.674 |
47.703 |
|
(d) Short-term
provisions |
48.054 |
30.403 |
26.362 |
|
Total Current
Liabilities (4) |
737.170 |
866.883 |
888.420 |
|
|
|
|
|
|
TOTAL |
1115.032 |
1369.308 |
1354.705 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
206.621 |
218.906 |
227.972 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
30.440 |
14.593 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.500 |
11.233 |
10.233 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
59.988 |
3.683 |
3.499 |
|
(e) Other
Non-current assets |
1.452 |
1.159 |
1.204 |
|
Total Non-Current
Assets |
268.561 |
265.421 |
257.501 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
304.836 |
389.223 |
286.189 |
|
(c) Trade
receivables |
300.283 |
484.049 |
518.644 |
|
(d) Cash
and cash equivalents |
60.568 |
53.629 |
117.943 |
|
(e)
Short-term loans and advances |
144.356 |
127.675 |
143.740 |
|
(f) Other
current assets |
36.428 |
49.311 |
30.688 |
|
Total
Current Assets |
846.471 |
1103.887 |
1097.204 |
|
|
|
|
|
|
TOTAL |
1115.032 |
1369.308 |
1354.705 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
3729.609 |
4482.437 |
3424.264 |
|
|
|
|
Other Income |
20.724 |
13.559 |
37.512 |
|
|
|
|
TOTAL (A) |
3750.333 |
4495.996 |
3461.776 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
3208.805 |
3915.610 |
2999.465 |
|
|
|
|
Purchase of Stock-in-trade |
146.031 |
97.856 |
35.099 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
32.097 |
(40.003) |
(45.372) |
|
|
|
|
Employee Benefits Expenses |
44.904 |
81.419 |
70.150 |
|
|
|
|
Other Expenses |
127.625 |
293.150 |
268.501 |
|
|
|
|
Exceptional Items |
0.000 |
0.000 |
(6.085) |
|
|
|
|
TOTAL (B) |
3559.462 |
4348.032 |
3321.758 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
190.871 |
147.964 |
140.018 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
69.860 |
83.202 |
76.355 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
121.011 |
64.762 |
63.663 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
23.956 |
22.455 |
23.290 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G)
|
97.055 |
42.307 |
40.373 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
29.952 |
14.171 |
12.767 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
67.103 |
28.136 |
27.606 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
231.693 |
217.049 |
205.718 |
||
|
|
|
|
|
|
||
|
Add |
EXCESS PROVISION
FOR CURRENT TAX REVERSED |
NA |
0.969 |
0.000 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
NA |
11.152 |
11.152 |
|
|
|
|
Dividend |
NA |
1.809 |
1.809 |
|
|
|
|
Tax on Dividend |
NA |
0.000 |
1.814 |
|
|
|
|
|
NA |
1.500 |
1.500 |
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
231.693 |
217.049 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
2136.600 |
1406.114 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
12.03 |
2.52 |
2.48 |
||
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
11.905 |
6.790 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin PAT / Sales |
(%) |
1.80 |
0.63 |
0.81 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
5.12 |
3.30 |
4.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
8.71 |
3.19 |
3.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.11 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.78 |
1.95 |
2.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15 |
1.27 |
1.24 |
STOCK
PRICES
|
Face Value |
Rs.10/- |
|
Market Value |
Rs.69.30/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
111.520 |
111.520 |
55.760 |
|
Reserves & Surplus |
257.858 |
274.003 |
262.310 |
|
Net
worth |
369.378 |
385.523 |
318.070 |
|
|
|
|
|
|
long-term borrowings |
78.958 |
96.844 |
49.157 |
|
Short term borrowings |
670.431 |
641.476 |
516.668 |
|
Total
borrowings |
749.389 |
738.320 |
565.825 |
|
Debt/Equity
ratio |
2.029 |
1.915 |
1.779 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
3424.264 |
4482.437 |
3729.609 |
|
|
|
30.902 |
(16.795) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
3424.264 |
4482.437 |
3729.609 |
|
Profit |
27.606 |
28.136 |
67.103 |
|
|
0.81% |
0.63% |
1.80% |
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 |
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 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10354164 |
12/04/2012 |
175,000,000.00 |
HDFC Bank Limited |
HDFC Bank House Senapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B39142880 |
|
2 |
90287392 |
27/04/2015 * |
756,500,000.00 |
Canara Bank Anna Nagar East Branch |
Anna Nagar East Branch, Anna Nagar, Chennai, Tamilnadu - 600102, India |
C52919917 |
*Date of modification Charges
FIXED ASSETS:
· Leasehold Land
· Free hold Land
· Building
· Plant and Machinery
· Furniture and Fittings
· Office Equipment
· Vehicles
· Lab Equipments
· Electrical fittings
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.64.03 |
|
|
1 |
Rs.99.27 |
|
Euro |
1 |
Rs.71.90 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--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 |
|
45 |
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.