MIRA INFORM REPORT
|
Report No. : |
327879 |
|
Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANSHUL SPECIALTY MOLECULES LIMITED |
|
|
|
|
Formally Known
As : |
ANSHUL CHEMICALS LIMITED |
|
|
|
|
Registered
Office : |
13, Aradhana Industrial, Development Corporation, Near Virwani
Industrial Estate, Goregaon (East), Mumbai - 400063, Maharashtra |
|
Tel. No.: |
91-22-29270880 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
05.10.1971 |
|
|
|
|
Com. Reg. No.: |
11-015364 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.456 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1971PLC015364 |
|
|
|
|
IEC No.: |
0388215810 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA19976F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA4003H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pharma intermediates and perfumery chemicals. |
|
|
|
|
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 |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
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Litigation : |
Clear |
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|
|
Comments : |
Subject is a well-established company having satisfactory track
record. It was incorporated in 1971. Subject is a part of Excel Group. General financial position of the company seems to be healthy. However rating also takes into consideration, subject’s presence in a
highly fragmented specialty chemicals industry. Rating derives strength from extensive experience of promoters in the
chemical industry and long track record of the subject. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In the view of strong support from group, Subject 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 |
ICRA |
|
Rating |
Long term rating – ICRA BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
August 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating – ICRA A3 |
|
Rating Explanation |
Moderate degree of safety and very high
credit risk |
|
Date |
August 2014 |
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 DECLINED BY
|
Name : |
Mr. Millind |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-29270880 |
|
Date : |
22.06.2015 |
LOCATIONS
|
Registered Office : |
13, Aradhana Industrial, Development Corporation, Near Virwani
Industrial Estate, Goregaon (East), Mumbai- 400063, Maharashtra, India |
|
Tel. No.: |
91-22-29270880 - 85 |
|
Fax No.: |
91-22-29270886 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No. 108/ 109/ 110, M.I.D.C., Dhatav, Roha, Raigad – 402116, Maharashtra, India |
|
Tel. No.: |
91-2194-263581/ 263583 |
|
Fax No.: |
91-2194-283888 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Usha Ashwin Shroff |
|
Designation : |
Director |
|
Address : |
B-15, Vasant Theosophical Society, Juhu Road, Juhu, Mumbai - 400049, Maharashtra, India |
|
Date of Birth/Age : |
28.03.1947 |
|
Date of Appointment : |
28.03.1947 |
|
DIN No.: |
00020519 |
|
|
|
|
Name : |
Mr. Bahadur Vrajlal Gandhi |
|
Designation : |
Director |
|
Address : |
15/204, Indradarshan Phase II, Oshiwara, Andheri (West), Mumbai - 400053, Maharashtra, India |
|
Date of Birth/Age : |
18.11.1948 |
|
Date of Appointment : |
30.08.1984 |
|
DIN No.: |
00074390 |
|
|
|
|
Name : |
Mr. Vipin Bhailal Doshi |
|
Designation : |
Director |
|
Address : |
A-203, Pushp Heritage,, Mahavir Nagar, Kandivli (West), Mumbai - 400067, Maharashtra, India |
|
Date of Birth/Age : |
21.10.1948 |
|
Date of Appointment : |
30.08.1984 |
|
DIN No.: |
00167880 |
|
|
|
|
Name : |
Mr. Ashok Veljee Isharani |
|
Designation : |
Director |
|
Address : |
701-702, Balaji Krupa, 312, Telang Road, Matunga, Mumbai - 400019, Maharashtra, India |
|
Date of Birth/Age : |
14.08.1944 |
|
Date of Appointment : |
23.04.2002 |
|
DIN No.: |
00037946 |
|
|
|
|
Name : |
Mr. Jagdish Ramanlal Naik |
|
Designation : |
Director |
|
Address : |
502, Juhu Vishal Building No.1,, N.S. Road No.5 (Extn), Juhu, Mumbai - 400049, Maharashtra, India |
|
Date of Birth/Age : |
23.09.1958 |
|
Date of Appointment : |
21.07.2005 |
|
DIN No.: |
00030172 |
|
|
|
|
Name : |
Mr. Ravi Ashwin Shroff |
|
Designation : |
Director |
|
Address : |
B-15, Theosophical Society, Juhu Tara Road, Juhu, Mumbai - 400049, Maharashtra, India |
|
Date of Birth/Age : |
05.02.1978 |
|
Date of Appointment : |
20.04.2008 |
|
DIN No.: |
00033505 |
KEY EXECUTIVES
|
Name : |
Mr. Millind |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Ashwin Champraj Shroff / Usha Ashwin Shroff |
11436 |
|
Usha Ashwin Shroff/ Ashwin Champraj Shroff |
5746 |
|
Ashwin Champraj Shrof5746f /
Usha Ashwin Shroff / Ravi Ashwin Shroff / Hrishit Ashwin Shroff |
150 |
|
Hrishit Ashwin Shroff / Ashwin Champraj Shroff / Usha Ashwin Shroff |
3810 |
|
Utkarsh Global Holding Private Limited, India |
2633 |
|
Harijash Investments Private Limited, India |
3150 |
|
Brihat Investments Private Limited, India |
375 |
|
Aswin C. Shroff / Ashok V. Isharani / Ravi A. Shroff |
10 |
|
Ravi Ashwin Shroff / Usha Ashwin Shroff / Ashwin Champraj Shroff |
3810 |
|
Anshul A. Bhatia / Amrish S. Bhatia / Usha A. Shroff |
935 |
|
|
|
|
Total |
32055 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
19.00 |
|
Directors
or relatives of directors |
81.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharma intermediates and perfumery chemicals. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
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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|
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|
Facilities : |
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
H. N. Motiwalla and Company Chartered Accountants |
|
Address : |
508, Sharda Chambers, 33, New Marine Lines, Mumbai – 400020,
Maharashtra, India |
|
Tel. No.: |
91-22-22002103/ 22005431 |
|
Fax No.: |
91-22-22094331 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFH5639J |
|
|
|
|
Associates : |
Good Rasayan Limited |
|
|
|
|
Enterprises over which key Management Personnel and their Relatives
have Significant influence : |
· Agricel Industries Limited · Anshul Life Sciences · Brihat Investments Private Limited · C. C. Shroff Research Institute · Divarkar Techno Specialties and Chemicals Limited · Excel Crop Care Limited · Excel Industries Limited · Harjash Investments Private Limited · Jaichemie · TML Industries Limited · Transpek Industry Limited · Utkarsh Global Holdings Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47,500 |
Equity Shares |
Rs. 100/- each |
Rs. 4.750 Million |
|
22,500 |
Preference Shares |
Rs. 100/- each |
Rs. 2.250 Million |
|
|
|
|
Rs. 7.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32,055 |
Equity Shares |
Rs. 100/- each |
Rs. 3.206
Million |
|
22,500 |
Preference Shares |
Rs. 100/- each |
Rs. 2.250
Million |
|
|
Total |
|
Rs. 5.456 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 |
5.456 |
5.456 |
5.456 |
|
(b) Reserves & Surplus |
189.718 |
116.925 |
101.039 |
|
(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) |
195.174 |
122.381 |
106.495 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
47.976 |
52.882 |
66.314 |
|
(b) Deferred tax liabilities (Net) |
19.008 |
8.899 |
6.700 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
6.348 |
9.060 |
8.955 |
|
Total
Non-current Liabilities (3) |
73.332 |
70.841 |
81.969 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
110.088 |
94.071 |
97.959 |
|
(b)
Trade payables |
63.527 |
63.742 |
43.302 |
|
(c)
Other current liabilities |
81.617 |
66.481 |
23.524 |
|
(d)
Short-term provisions |
0.704 |
0.643 |
0.499 |
|
Total
Current Liabilities (4) |
255.936 |
224.937 |
165.284 |
|
|
|
|
|
|
TOTAL |
524.442 |
418.159 |
353.748 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
243.417 |
199.606 |
140.806 |
|
(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 |
52.943 |
51.451 |
37.636 |
|
(e)
Other Non-current assets |
0.000 |
0.622 |
1.000 |
|
Total
Non-Current Assets |
296.360 |
251.679 |
179.442 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
73.564 |
71.706 |
81.777 |
|
(c)
Trade receivables |
141.473 |
88.093 |
85.076 |
|
(d)
Cash and cash equivalents |
8.122 |
2.378 |
2.652 |
|
(e)
Short-term loans and advances |
4.786 |
2.928 |
4.706 |
|
(f)
Other current assets |
0.137 |
1.375 |
0.095 |
|
Total
Current Assets |
228.082 |
166.480 |
174.306 |
|
|
|
|
|
|
TOTAL |
524.442 |
418.159 |
353.748 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
548.505 |
436.787 |
349.657 |
|
|
|
Other Income |
12.511 |
7.305 |
15.362 |
|
|
|
TOTAL |
561.016 |
444.092 |
365.019 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
207.926 |
213.883 |
168.051 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(1.662) |
0.443 |
(9.676) |
|
|
|
Employees benefits expense |
48.344 |
46.452 |
40.902 |
|
|
|
Other expenses |
150.701 |
127.283 |
103.007 |
|
|
|
TOTAL |
405.309 |
388.061 |
302.284 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
155.707 |
56.031 |
62.735 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
22.709 |
16.362 |
16.248 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
132.998 |
39.669 |
46.487 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
22.633 |
17.414 |
17.084 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
110.365 |
22.255 |
29.403 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
37.409 |
7.112 |
4.819 |
|
|
|
|
|
|
|
|
|
Less/ Add |
PRIOR PERIOD
ADJUSTMENTS (NET) |
(0.163) |
0.743 |
0.063 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
72.793 |
15.886 |
24.647 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods on F.O.B. Basis |
343.457 |
240.152 |
231.735 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
27.034 |
52.523 |
63.153 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2270.87 |
495.60 |
768.90 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
57.640 |
42.895 |
13.705 |
|
|
|
|
|
|
Cash generated from operations |
100.542 |
113.959 |
(4.308) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
13.27 |
3.64 |
7.05 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
28.39 |
12.83 |
17.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.04 |
5.32 |
8.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.57 |
0.18 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.11 |
1.55 |
1.67 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.89 |
0.74 |
1.05 |
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 |
5.456 |
5.456 |
5.456 |
|
Reserves & Surplus |
101.039 |
116.925 |
189.718 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
106.495 |
122.381 |
195.174 |
|
|
|
|
|
|
Long-term borrowings |
66.314 |
52.882 |
47.976 |
|
Short term borrowings |
97.959 |
94.071 |
110.088 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
13.705 |
42.895 |
57.640 |
|
Total
borrowings |
177.978 |
189.848 |
215.704 |
|
Debt/Equity
ratio |
1.671 |
1.551 |
1.105 |
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 |
349.657 |
436.787 |
548.505 |
|
|
|
24.919 |
25.577 |
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 |
349.657 |
436.787 |
548.505 |
|
Profit |
24.647 |
15.886 |
72.793 |
|
|
7.05% |
3.64% |
13.27% |
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 |
No |
|
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 |
-- |
|
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 |
10257627 |
16/11/2010 |
49,500,000.00 |
BANK OF
INDIA |
ANDHERI
(WEST) BRANCH, BANK OF INDIA BUILDING, GR |
B00400622 |
|
2 |
10022027 |
15/03/2013
* |
244,700,000.00 |
BANK OF
INDIA |
ANDHERI
(WEST) BRANCH, M D I BUILDING, GROUND FL |
B72631567 |
|
3 |
90164523 |
15/03/2013
* |
244,700,000.00 |
BANK OF
INDIA |
ANDHERI
(WEST) BRANCH, M D I BUILDING, GROUND FLOOR, 28, S. V. ROAD, ANDHERI (WEST),
MUMBAI - 400058, MAHARASHTRA, INDIA |
B72631443 |
|
4 |
90162897 |
31/03/1994 |
8,100,000.00 |
THE
STATE INDUSTRIAL &ANDINVESTMENT CORPORATON OF MAHARASTE |
NIRMAL
NARIMAN POINT, BOMBAY - 400021 |
- |
|
5 |
90162864 |
23/02/1994 |
5,000,000.00 |
BANK OF
BARODA |
ANDHERI
BRANCH, 28; S.V. ROAD; ANDHERI (WEST), BOMBAY - 400058, MAHARASHTRA, INDIA |
- |
|
6 |
90161877 |
29/06/1993
* |
400,000.00 |
BANK OF
INDIA |
DHATAV
ROHA BRANCH, RAIGAD, MAHARASHTRA, INDIA |
- |
|
7 |
90161615 |
30/11/1994
* |
150,000.00 |
BANK OF
INDIA |
ANDHERI
BRANCH; 28, S.V. ROAD; ANDHERI (WEST), BOMBAY - 400058, MAHARASHTRA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deposits |
|
|
|
From Shareholder |
0.000 |
2.500 |
|
From Directors |
0.000 |
3.500 |
|
From Public |
0.000 |
15.870 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Inter Corporate Deposits |
0.000 |
0.975 |
|
Deposits from Directors |
0.000 |
20.000 |
|
|
|
|
|
Total |
0.000 |
42.845 |
CHANGE OF ADDRESS:
The Registered Office of the Company has been shifted from Ram House, 1st
Floor, 4, Gaiwadi Industrial Estate, S. V. Road, Goregaon (West), Mumbai –
400062, Maharashtra, India to the present address w.e.f. 01.07.2009.
OPERATIONS
During the year, the company’s sales have been registered at Rs. 548.505
million as against Rs. 436.787 million. The company’s exports increased to Rs.
343.457 million from Rs. 240.152 million. During the year, the company earned a
profit before tax of Rs. 110.365 million as compared to Rs. 22.255 million in
the previous year, and earned a profit after tax of Rs. 72.956 million as
compared to Rs. 15.144 million in the previous year.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Disputed Income-Tax Liability |
9.019 |
14.522 |
|
Claims against the Company not acknowledged as debts |
0.000 |
0.618 |
FIXED ASSETS:
· Freehold Land
· Leasehold Land
· Buildings
· Plant and Machinery
· Furniture, Fixtures and Office Equipment’s
· Vehicles
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.63.51 |
|
|
1 |
Rs.100.94 |
|
Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
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.