MIRA INFORM REPORT
|
Report No. : |
328936 |
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Report Date : |
24.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
HENKEL CHEMBOND SURFACE TECHNOLOGIES LIMITED (w.e.f. 10.04.1997) |
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Formerly Known
As : |
HENKEL CHEMBOND METAL CHEMICALS LIMITED |
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Registered
Office : |
Chembond Centre, EL-71, MIDC Mahape, Navi Mumbai – 400710, Maharashtra |
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Tel. No.: |
91-22-39213000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
07.10.1996 |
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Com. Reg. No.: |
11-103091 |
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Capital
Investment / Paid-up Capital : |
Rs.10.000 Million |
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CIN No.: [Company Identification
No.] |
U24243MH1996PLC103091 |
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IEC No.: |
0398043477 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH03901C |
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PAN No.: [Permanent Account No.] |
AAACH7282G |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Oils, Grease and
Lubricants, Activators, Cleaners and Maintainence Products, Lubricants, etc. |
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No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1800000 |
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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 was established in the year 1996, having satisfactory TRACK
RECORD. There seems slight dip in the turnover and profit of company during
2014. However, general financial position of the company seems to be decent. Trade relations are reported to be fair. Business is active. Payment
terms are reported as usually correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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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
|
Name : |
Mr. Ritesh Rajput |
|
Designation : |
Finance Controller |
|
Contact No.: |
91-9833447106 |
|
Date : |
24.06.2015 |
LOCATIONS
|
Registered Office : |
Chembond Centre, EL-71, MIDC Mahape, Navi Mumbai – 400710, Maharashtra, India |
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Tel. No.: |
91-22-39213000 / 3001 / 3002 |
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Mobile No.: |
91-9833447106 (Mr. Ritesh Rajput) |
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Fax No.: |
91-22-27681294 |
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E-Mail : |
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Website : |
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Factory : |
T-129, Thane – 401506, Maharashtra, India |
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Manufacturing
Plants : |
Located At : v Tarapur v Chennai v Dudhwada v Baddi v Balasore |
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Branch / Sales
Offices : |
Located At : v Lower Parel v Ahmedabad v Delhi v Kolkata v Chennai |
DIRECTORS
AS ON 14.08.2014
|
Name : |
Mr. Sameer Vinod Shah |
|
Designation : |
Director |
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Address : |
101/A, Jagat Vidya CHS, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
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Date of Birth/Age : |
16.02.1960 |
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Qualification : |
Chemical Engineer, BBA in Finance |
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Date of Appointment : |
12.03.2011 |
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DIN No. : |
00105721 |
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Name : |
Mr. Nirmal Vinod Shah |
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Designation : |
Director |
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Address : |
701, Phalguni Apartment, 1/11, Saroiini Road, Santacrnz (West), Mumbai – 400054, Maharashtra, India |
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Date of Birth/Age : |
18.11.1971 |
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Qualification : |
B.A, Diploma in Business Management |
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Date of Appointment : |
14.09.2011 |
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DIN No. : |
00083853 |
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|
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Name : |
Mr. Ashwin Ratilal Nagarwadia |
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Designation : |
Director |
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Address : |
4, Bharti Niwas Society, Ellisbridge, Ahmedabad - 380006, Gujarat, India |
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Date of Birth/Age : |
20.09.1937 |
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Qualification : |
BE (Mechanical) USA |
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Date of Appointment : |
07.10.1996 |
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DIN No. : |
00466681 |
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Name : |
Mr. Sundararaman Ramakrishnan Iyer |
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Designation : |
Director |
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Address : |
A-2/403, Gangotri Sadan Chs Limited, Bangur Nagar, Goregaon (West), Mumbai – 400090, Maharashtra, India |
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Date of Birth/Age : |
24.05.1960 |
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Qualification : |
B.Com, Diploma in Business Management |
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Date of Appointment : |
26.07.2012 |
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DIN No. : |
03303029 |
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Name : |
Mr. Shilip Sant Kumar |
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Designation : |
Managing director |
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Address : |
8/62, Shyam Nivas Warden Road, Mumbai – 400026, Maharashtra, India |
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Date of Birth/Age : |
27.01.1966 |
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Qualification : |
B.E., M.BA |
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Date of Appointment : |
01.04.2013 |
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DIN No. : |
02466770 |
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|
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Name : |
Mr. Jeremy Hunter |
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Designation : |
Director |
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Address : |
105 Webb, ST Warrandyte VIC, Australia 3113 |
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Date of Birth/Age : |
16.05.1960 |
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Qualification : |
Degree (Political and Modern History) |
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Date of Appointment : |
14.09.2011 |
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DIN No. : |
03536491 |
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Name : |
Mr. Marco Swoboda |
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Designation : |
Director |
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Address : |
Apartment 2-3001,211Xingfu Road, Changing District, Shanghai 200052 |
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Date of Birth/Age : |
23.09.1971 |
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Qualification : |
Diploma in Economics and Business Administration of University of Bochum Germany |
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Date of Appointment : |
28.09.2012 |
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DIN No. : |
05146598 |
KEY EXECUTIVES
|
Name : |
Mr. Ritesh Rajput |
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Designation : |
Finance Controller |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 14.08.2014
|
Names of Shareholders |
No. of Shares |
|
Vinod D. Shah |
10 |
|
Sameer V. Shah |
10 |
|
Bhadresh D. Shah |
10 |
|
Nirmal V.Shah |
10 |
|
Sharad M. Mahadik |
10 |
|
Ashwin R. Nagarwadia |
10 |
|
Jayant S. Vasani |
10 |
|
Henkel KGaA, Germany |
510000 |
|
Chembond Chemicals Limited, India |
489930 |
|
Total |
1000000 |
AS ON 14.08.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
51.00 |
|
Bodies corporate |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Oils, Grease and
Lubricants, Activators, Cleaners and Maintainence Products, Lubricants, etc. |
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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 : |
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Products : |
Finished Goods |
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Countries : |
v Dubai v USA |
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Imports : |
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Products : |
Raw Material |
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Countries : |
v Netherlands v Germany |
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Terms : |
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Selling : |
Credit and Depend |
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Purchasing : |
Credit and Depend |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
120 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
Kastury and Talati Chartered Accountants |
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Address : |
Mumbai, Maharashtra, India |
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PAN No.: |
AAAFV7014M |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding company: |
Henkel AG & Company KGaA |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Million |
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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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
602.752 |
512.838 |
451.246 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
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|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
612.752 |
522.838 |
461.246 |
|
|
|
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(3) Non-Current
Liabilities |
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|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
5.050 |
6.492 |
5.388 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
1.729 |
1.512 |
|
Total Non-current
Liabilities (3) |
5.050 |
8.221 |
6.900 |
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
81.147 |
29.818 |
193.607 |
|
(b) Trade
payables |
127.721 |
196.786 |
153.349 |
|
(c) Other
current liabilities |
58.623 |
53.864 |
84.998 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
267.491 |
280.468 |
431.954 |
|
|
|
|
|
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TOTAL |
885.293 |
811.527 |
900.100 |
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|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
110.572 |
111.985 |
114.159 |
|
(ii)
Intangible Assets |
5.472 |
3.122 |
5.522 |
|
(iii)
Capital work-in-progress |
32.912 |
31.571 |
22.570 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.052 |
0.052 |
0.052 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.677 |
1.923 |
10.157 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
153.685 |
148.653 |
152.460 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
1.697 |
1.573 |
|
(b)
Inventories |
128.193 |
110.071 |
129.902 |
|
(c) Trade
receivables |
466.937 |
441.928 |
393.167 |
|
(d) Cash
and cash equivalents |
12.109 |
32.767 |
165.948 |
|
(e)
Short-term loans and advances |
124.369 |
76.411 |
57.050 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
731.608 |
662.874 |
747.640 |
|
|
|
|
|
|
TOTAL |
885.293 |
811.527 |
900.100 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1694.260 |
1699.165 |
1594.994 |
|
|
|
Other Income |
13.695 |
14.520 |
13.964 |
|
|
|
TOTAL (A) |
1707.955 |
1713.685 |
1608.958 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
730.445 |
247.871 |
235.110 |
|
|
|
Purchases of stock-in-trade |
485.054 |
911.172 |
818.540 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(34.714) |
(3.815) |
(8.047) |
|
|
|
Employee benefit expense |
106.499 |
103.468 |
89.957 |
|
|
|
Prior period items |
0.000 |
3.899 |
(1.717) |
|
|
|
Other expenses |
273.761 |
255.764 |
259.253 |
|
|
|
TOTAL (B) |
1561.045 |
1518.359 |
1396.530 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
146.910 |
195.326 |
212.428 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.856 |
15.387 |
15.350 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
140.054 |
179.939 |
197.078 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.531 |
8.697 |
8.150 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
131.523 |
171.242 |
187.928 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
41.609 |
57.351 |
64.247 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
89.914 |
113.891 |
124.681 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
412.838 |
367.756 |
309.374 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
General Reserve |
0.000 |
16.510 |
14.000 |
|
|
|
Interim Dividend |
0.000 |
45.000 |
45.000 |
|
|
|
Tax on Interim Dividend |
0.000 |
7.300 |
7.300 |
|
|
BALANCE CARRIED
TO THE B/S |
502.752 |
412.838 |
367.756 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
0.587 |
Nil |
Nil |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
88.195 |
146.375 |
154.862 |
|
|
TOTAL IMPORTS |
88.195 |
146.375 |
154.862 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
89.91 |
113.89 |
124.68 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1900.000 |
|
|
|
|
|
The above information has been parted by Mr. Ritesh Rajput.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.31 |
6.70 |
7.82 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.67 |
11.50 |
13.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.43 |
21.96 |
21.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.33 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.13 |
0.06 |
0.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.74 |
2.36 |
1.73 |
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 |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
451.246 |
512.838 |
602.752 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
461.246 |
522.838 |
612.752 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
193.607 |
29.818 |
81.147 |
|
Current Maturities of
Long Term Debt |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
193.607 |
29.818 |
81.147 |
|
Debt/Equity ratio |
0.420 |
0.057 |
0.132 |
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 |
1594.994 |
1699.165 |
1694.260 |
|
|
|
6.531 |
-0.289 |
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 |
1594.994 |
1699.165 |
1694.260 |
|
Profit |
124.681 |
113.891 |
89.914 |
|
|
7.82% |
6.70% |
5.31% |
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) |
Yes |
|
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 four 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short term borrowings |
|
|
|
Working capital loans from banks |
81.147 |
29.818 |
|
Total |
81.147 |
29.818 |
PERFORMANCE
The company has recorded the Total Revenue (Turnover) of Rs. 1694.260 Million and PBT of Rs. 131.523 Million and PAT of Rs. 89.914 Million. The Earning Per Share (EPS) decreased from Rs. 113.89 to Rs. 89.91 as at 31st March 2014.
INDEX OF
CHARGES : No Charges Exist
for Company
FIXED ASSETS
Tangible Assets
v Land
v Buildings
v Plant and Equipment
v Furniture and Fixtures
v Vehicles
v Motor Vehicles
v Office Equipment
v Computer Equipments
v Other Equipments
Intangible Assets
v Computer Software
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.63.64 |
|
|
1 |
Rs.100.41 |
|
Euro |
1 |
Rs.71.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.