MIRA INFORM REPORT

 

 

Report No. :

328900

Report Date :

25.06.2015

 

IDENTIFICATION DETAILS

 

Name :

ROHA DYE CHEM PRIVATE LIMITED

 

 

Registered Office :

12, Abhishek Samuel Street, Vadgadi,  Mumbai - 400 003, Maharashtra

Tel. No.:

91-22-28271933

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

11.08.1972

 

 

Com. Reg. No.:

11-015941

 

 

Capital Investment / Paid-up Capital :

Rs. 34.500 Million

 

 

CIN No.:

[Company Identification No.]

U40300MH1972PTC015941

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMR14793C

 

 

PAN No.:

[Permanent Account No.]

AAACR4974P

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Food Colors, Naturals Colors, synthetic Dyes.

 

 

No. of Employees :

400 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (54)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 9100000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject was established in 1972 and it is a manufacturer of synthetic and natural colors for food and beverages, pet food, animal feed, cosmetics and industrial applications. It is a well-established company having fine track record.

 

As per registrar of companies the date of balance sheet (i.e. financial filed) is shown as 31.03.2014 but documents related to financial are not available from any source.

 

For the financial year ended 2013, company has incurred loss from its operational activities.

 

However, as per the source company has total operating income of Rs. 4935.400 Million and net profit of Rs. 213.200 Million in FY14 as against a total operating income of Rs. 4538 700 Million and a net loss of Rs. 28.500 Million in FY13.

 

Moreover, rating also takes into consideration company’s strong financial risk profile characterized by healthy revenue growth along with strong flagship food color business catering to various industries and adequate operating efficiencies of the company.

 

Trade relations are reported as fair. Payments are reported to be regular and as per commitment.

 

In view of adequate financial base backed by sound business portfolio, the company can be considered good for normal business dealings at usual trade terms and conditions.

 

Note: Revenue and profit figures takes from indirect source i.e. CARE

 

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

CARE

Rating

Long Term Bank facilities = A-

Rating Explanation

Adequate degree of safety and low credit risk

Date

16.04.2015

 

Rating Agency Name

CARE

Rating

Short Term Bank facilities = A2+

Rating Explanation

Strong degree of safety and low credit risk

Date

16.04.2015

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2013.

 

INFORMATION PARTED BY

 

Name :

Mr. Hasmukh Shah

Designation :

Assistant Finance Manager

Contact No.:

91-9820207531

Date :

24.06.2015

 

 

LOCATIONS

 

Registered Office :

12, Abhishek Samuel Street, Vadgadi,  Mumbai-400 003, Maharashtra, India

Tel. No.:

91-22-28271933

Mobile No.:

91-9820207531 (Mr. Hasmukh Shah)

Fax No.:

91-22-28302531

E-Mail :

roha@bom3.vsnl.net.in

chetan.sheth@rohagroup.com

roha@rohadyechem.com

roha.india@rohagroup.com

Website :

www.rohadyechem.com

 

 

Factory 1 :

MIDC, Plot No. 42, Dhatav, Roha, Raigad-402116, Maharashtra, India

Tel. No.:

91-22-28271933

Fax No.:

91-22-28302531/32

E-mail :

rohaindia@rohadyechem.com

Area:

125 sq. yard

Location :

Leased

 

 

Factory 2 / Corporate Office / Administrative Office :

JJT House Plot No. A/44-45, Road No. 2, MIDC, Andheri (East), Mumbai-400093, Maharashtra, India

Tel. No.:

91-22-40773333

Fax No.:

91-22-28302531/ 32

Area:

70000 sq. ft.

Location :

Leased

 

 

Regional Heads:

Located At:

 

  • South Africa
  • Indonesia
  • Italy
  • China
  • France
  • Spain
  • Mexico
  • Philippines
  • Russia
  • Thailand
  • UK
  • USA
  • Vietnam

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Ramakant Jagdishprasad Tibrewala

Designation :

Chairman

Address :

603, Panchsheel Gokuldham, Goregaon (East), Mumbai – 400063, Maharashtra, India

Date of Birth/Age :

21.09.1956

Qualification :

B.Com

Date of Appointment :

06.08.1979

PAN No. :

ACDPT3596K

DIN No.:

01237898

 

 

Name :

Mr. Srikant Jagdishprasad Tibrewala

Designation :

Director

Address :

504, Panchsheel Gokuldham, Goregaon (East), Mumbai – 400063, Maharashtra, India

Date of Birth/Age :

18.06.1962

Qualification :

B.Com

Date of Appointment :

19.07.9182

PAN No. :

AABPT3052A

DIN No.:

00197891

 

 

Name :

Mr. Mahesh Ramakant Tibrewala

Designation :

Director

Address :

603/604, Panchsheel, Gokuldham, Goregaon (East), Mumbai - 400063, Maharashtra, India 

Date of Birth/Age :

28.10.1986

Date of Appointment :

31.08.2011

DIN No.:

01342061

 

 

Name :

Mr. Deepesh Shrikant Tibrewala

Designation :

Director

Address :

504, Panchsheel, Gokuldham, Goregaon (East), Mumbai - 400063, Maharashtra, India 

Date of Birth/Age :

13.11.1986

Date of Appointment :

31.08.2011

DIN No.:

01342101

 

 

Name :

Mr. Brijesh Ramakant Tiberwala

Designation :

Director

Address :

603/604, Panchsheel, Gokuldham, Goregaon (East), Mumbai - 400063, Maharashtra, India 

Date of Birth/Age :

25.10.1983

Date of Appointment :

31.08.2011

PAN No. :

ACOPT5814D

DIN No.:

02276831

 

 

KEY EXECUTIVES

 

Name :

Mr. Hasmukh Shah

Designation :

Assistant Finance Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders (Ordinary Equity Share)

 

No. of Shares

Shrikant Tibrewala

 

11640

Ramakant Tibrewala

 

48598

Sushma Tibrewala

 

34370

Mahesh Tibrewala

 

33000

Brijesh Tibrewala

 

36960

Haresh Tibrewala

 

11000

Brijesh Ramakant Tobrewala HUF

 

29302

Annapurna Tibrewala

 

16720

Deepesh Tibrewala

 

11066

Deepesh Shrikant HUF

 

12244

Jagdish Prasad Ramakant HUF

 

100

TOTAL [1]

 

245000

 

 

 

Names of Shareholders (Class A- Equity Share)

 

No. of Shares

Shrikant Tibrewala

 

3516

Ramakant Tibrewala

 

14679

Sushma Tibrewala

 

10381

Mahesh Tibrewala

 

9967

Brijesh Tibrewala

 

11164

Haresh Tibrewala

 

3323

Brijesh Ramakant HUF

 

8850

Annapurna Tibrewala

 

5050

Deepesh Tibrewala

 

3342

Deepesh Shrikant HUF

 

3698

Jagdish Prasad Ramakant HUF

 

30

Ajay Devgan

 

22000

Kumar Mangat Pathak

 

4000

TOTAL [2]

 

100000

 

 

 

TOTAL  [1+2]

 

345000

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2014

 

Category

Percentage

Directors or relatives of Directors

92.46

Other top fifty shareholders

7.54

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Food Colors, Naturals Colors, synthetic Dyes.

 

 

Products :

PRODUCT DESCRIPTION

ITEM CODE NO. (ITC CODE)

Tartrazine

3204 19 72

Sunset Yellow

3204 19 71

Carmoisine

3204 19 09

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :
  • Australia
  • US
  • China
  • South Africa
  • Spain
  • Uganda
  • Japan
  • Mexico
  • Kenya
  • Italy

 

 

Imports :

 

Products :

Raw Material

Countries :
  • China

 

 

Terms :

 

Selling :

Cash and Credit (30 days / 60 days)

 

 

Purchasing :

Cash and Credit (30 days / 60 days)

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

400 (Approximately) 

 

 

Bankers :

Bank Name

Bank of India

Branch

Andheri Mid Corporate Branch, M.D.I Building, 28, 1st Floor, S.V. Road, Andheri (West), Mumbai - 400058, Maharashtra, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Cash/Credit = Rs. 1000.000 Million

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

  • The Ratnakar Bank Limited, Shahupuri, Kolhapur-416001, Maharashtra, India
  • ING Vysya Bank Limited, Mittal Towers, A-Wing, Ground Floor, 210, Nariman Point, Mumbai-400021, Maharashtra, India
  • Bank of India, Sion Branch, 29, Amba Bhavan, Laxmi Chowk, Sion Circle, Mumbai-400022, Maharashtra, India
  • Indusind Bank Limited, Indusind House, 425, D.B. Marg, Opera House, Mumbai-400004, Maharashtra, India
  • Yes Bank Limited, 9th floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India
  • ICICI Bank Limited, Landmarkrace Cource circle, Alkapuri, Baroda – 390015, Gujarat, India
  • The Hongkong andShanghai Banking Corporation Limited, 52/60, Mahatma Gandhi Road, Fort, Mumbai -400001, Maharashtra, India
  • ABN AMRO Bank NV, 74, Sakhar Bhavan, 7th floor, Nriman Point, Mumbai- 400021, Maharashtra, India

 

 

 

Facilities :

Secured Loan

31.03.2013

(Rs. in Million)

31.03.2012

(Rs. in Million)

Long-term Borrowings

 

 

Rupee term loans from banks

127.665

223.030

Foreign currency term loans from

2196.624

2115.776

Short-term borrowings

 

 

Loans repayable on demand from Bank

1158.220

967.015

Loans repayable on demand from  others

115.708

73.672

 

 

 

Total

3598.217

3379.493

 

 

 

Banking Relations :

--

 

 

Finance Institution :

IL and FS Trust Company Limited, IL and FS Financial Centre, Plot No C22, G Block, Bandra Kurla Complex, Bandra East, Mumbai - 400051, Maharashtra, India

 

 

Auditors :

 

Name :

BBSR and Company

Chartered Accountants

Address :

703, 7th Floor, Godrej Castlemaine, Next to Ruby Hall Clinic, Bund Garden Road, Pune – 411001, Maharashtra, India

PAN No.:

AAKFB4397F

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Subsidiary Company :
  • Roha Europe SLU
  • Roha (USA) LLC
  • Roha (France) SARL
  • Roha (Australia) Pty Limited
  • Roha (UK) Limited
  • Simpson (UK) Limited
  • Roha Specialities Incorporation Philipines
  • Roha SRL Itlayn
  • Roha Dyechem (HK) Limited
  • Roha Dyechem Indonesia
  • Roha Dyechem Vietnam Limited
  • Roha Dyechem Sanghai
  • Roha (Shanghai) Food Aditives Company Limited
  • Idacol Food Colours Maxico
  • Pt Roha Lautan Pewarna (Indonesia)
  • Roha Dyechem LLC, Russia
  • Idacol Russia LLC

 

 

Associate :
  • Anchit Chemicals Private Limited
  • Filter Machines Private Limited
  • Indras Agencies Private Limited
  • Steinmetz Overseas Private Limited
  • Jagdish Textiles Private Limited
  • Adhik Chemicals Private Limited
  • Ideal Cures Private Limited
  • Well Worth Share and Stock Broking Private Limited
  • Eeshan Infosystem Private Limited
  • Jagdishprasad Tibrewala Parmarth Kosh
  • R.S Global Infotech Private Limited
  • Roha Infrastructure Private Limited
  • Statford Developers Private Limited formerly known as Ricossa Trading Private Limited
  • One up Realtors Private Limited
  • Roha Energy Private Limited
  • Roha Leasing and Financing Limited
  • Goyolene Fibres (India) Private Limited
  • Abhishek Dyechem Private Limited
  • Shree Khemisati Jan Kalyan Trust
  • Jagson Intermediates and Chemicals Private Limited
  • Shree Kamal Ispat Private Limited

 

 

CAPITAL STRUCTURE

 

As on 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

350000

Equity Shares

Rs.100/- each

Rs.35.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

345000

Equity Shares

Rs.100/- each

Rs.34.500 Million

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

 

ABRIDGED BALANCE SHEET

 

 

SOURCES OF FUNDS

 

31.03.2013

31.03.2012

31.03.2011

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

34.500

34.500

24.500

(b) Reserves & Surplus

3163.013

3213.451

2923.624

(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)

3197.513

3247.951

2948.124

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

2866.103

3050.280

604.719

(b) Deferred tax liabilities (Net)

340.062

45.216

55.740

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

1.593

1.296

0.930

Total Non-current Liabilities (3)

3207.758

3096.792

661.389

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

1473.923

1105.390

671.055

(b) Trade payables

544.227

472.315

482.102

(c) Other current liabilities

574.199

1112.373

212.279

(d) Short-term provisions

48.482

37.528

36.417

Total Current Liabilities (4)

2640.831

2727.606

1401.853

 

 

 

 

TOTAL

9046.102

9072.349

5011.366

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

3779.625

3888.568

624.695

(ii) Intangible Assets

10.292

14.766

17.470

(iii) Capital work-in-progress

184.141

114.142

100.705

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

1108.793

1108.948

547.590

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

1145.845

916.239

1448.548

(e) Other Non-current assets

398.369

38.500

82.500

Total Non-Current Assets

6627.065

6081.163

2821.508

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

14.430

16.767

20.917

(b) Inventories

768.800

781.292

688.706

(c) Trade receivables

1419.245

1115.371

969.777

(d) Cash and cash equivalents

47.869

898.640

67.233

(e) Short-term loans and advances

152.989

120.768

438.712

(f) Other current assets

15.704

58.348

4.513

Total Current Assets

2419.037

2991.186

2189.858

 

 

 

 

TOTAL

9046.102

9072.349

5011.366

 

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

Income

4538.695

3601.513

2523.000

 

 

Other Income

 

 

148.400

 

 

TOTAL                        

4538.695

3601.513

2671.400

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                        

4266.705

3317.997

2442.300

 

 

 

 

 

 

PROFIT  / (LOSS)BEFORE TAX

271.990

283.516

229.100

 

 

 

 

 

Less

TAX                             

300.528

(5.275)

185.900

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX

(28.538)

288.791

43.200

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

F.O.B. value of exports

2720.974

2517.208

1793.200

 

 

Freight and insurance recovered

59.137

57.344

0.000

 

 

Other Earnings

22.507

23.938

0.000

 

TOTAL EARNINGS

2802.618

2598.490

1793.200

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

1217.007

1001.932

 

 

Spares, accessories, components etc.

2.284

3.670

NA

 

 

Capital Goods

1.750

2.298

 

 

 

Others

41.469

1.352

 

 

TOTAL IMPORTS

1262.510

1009.252

NA

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

(110.36)

837.10

176.39

 

 

Particulars

 

 

31.03.2015

31.03.2014

Sales Turnover (Approximately)

 

6000.000

5000.000

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2013

31.03.2012

31.03.2011

Current Maturities of Long term debt

356.445

378.457
117.441

Cash generated from operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2013

31.03.2012

31.03.2011

Net Profit Margin
(PAT / Sales)

(%)

(0.63)

8.02

1.62

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

3.51

3.61

5.25

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.09

0.09

0.08

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.36

1.28

0.43

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.92

1.10

1.56

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

 

DEBT EQUITY RATIO

 

Particular

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

24.500

34.500

34.500

Reserves & Surplus

2923.624

3213.451

3163.013

Net worth

2948.124

3247.951

3197.513

 

 

 

 

long-term borrowings

604.719

3050.280

2866.103

Short term borrowings

671.055

1105.390

1473.923

Total borrowings

1275.774

4155.670

4340.026

Debt/Equity ratio

0.433

1.279

1.357

 

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

2671.400

3601.513

4538.695

 

 

34.817

26.022

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

2671.400

3601.513

4538.695

Profit/Loss

43.200

288.791

(28.538)

 

1.62%

8.02%

(0.63%)

 

 

 

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)

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

No

26

Turnover of firm for last five 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 

31.03.2013

(Rs. in Million)

31.03.2012

(Rs. in Million)

Long-term Borrowings

 

 

Deferred sales tax loan

2.729

5.174

Loans and advances from related

179.900

370.000

Other loans and advances

359.184

336.300

Short-term borrowings

 

 

Loans repayable on demand from  others

32.874

0.000

Loans and advances from related

parties

167.122

64.703

Total

741.809

776.177

 

 

BACKGROUND

 

The company was incorporated in 1972. RDPL manufactures food colours, dyes and intermediates etc. The Company has its corporate office at Mumbai and manufacturing facility at Roha. The Company also has a branch in South Africa which is engaged in marketing and distribution of food colors. During the previous year, the Company has commissioned its 25MW solar power plant near Charnaka village in Patan district, northern Gujarat.

 

 

BUSINESS PERFORMANCE

 

The company has incorporated the results of South Africa by way of consolidation of line items.

 

The total revenue generated by the Company during the financial year was Rs 4538.600 Million against Rs. 3601.500 Million for the previous financial year 2011-12 showing an impressive growth of 26.02%. Profit before tax was Rs. 272.000 Million against Rs 283.500 Million during the last year. Provision for taxation at Rs 300.500 Million is due to MAT credit entitlement and Deferred Tax charge which will be recovered over a period of time.

 

Despite continued economic slowdown your Company continue grew at a satisfactory rate.

 

EXPORTS

 

Exports grew from Rs. 2569.300 Million during 2011-12 to Rs.3013.600 Million during the financial year 2012-13 having a growth of 17.29%.

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10484722

01/09/2014 *

200,000,000.00

YES BANK LIMITED

NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIA,, DR. 
ANNIE BEASANT ROAD, WORLI,, MUMBAI, MAHARASHTRA - 400018, INDIA

C34860361

2

10459672

14/10/2013

300,000,000.00

THE RATNAKAR BANK LIMITED

SHAHUPURI,KOLHAPUR,, KOLHAPUR, MAHARASHTRA - 416001, INDIA

B89333207

3

10463420

09/10/2013

950,000,000.00

IL & FS TRUST COMPANY LIMITED

IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI, MAHARASHTRA 
- 400051, INDIA

B90814575

4

10461951

04/10/2013

350,000,000.00

INDUSIND BANK LTD.

INDUSIND HOUSE, 425, D.B. MARG,, OPERA HOUSE, MUMBAI, MAHARASHTRA - 400004, INDIA

B90249186

5

10424832

01/09/2014 *

200,000,000.00

INDUSIND BANK LTD.

2401 GEN THIMMAYYA ROAD, CONTONMENT, PUNE, MAHARASHTRA - 411001, INDIA

C32449316

6

10318744

04/11/2011

210,000,000.00

THE SARASWAT COOPERATIVE BANK LTD

SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, SUBHASH ROAD, VILE PARLE EAST, MUMBAI, MAHARASHTRA - 400057, INDIA

B25705856

7

10298965

30/01/2012 *

2,660,291,220.00

IDBI TRUSTEESHIP SERVICES LIMITED

ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA

B31074321

8

10286852

16/05/2011

200,000,000.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA

B12794152

9

10287015

28/02/2013 *

150,000,000.00

ING VYSYA BANK LIMITED

MITTAL TOWERS,A-WING,GROUND FLOOR,, 210 NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA

B72921067

10

10058230

01/09/2014 *

1,000,000,000.00

BANK OF INDIA

ANDHERI MID CORPORATE BRANCH, M.D.I BUILDING,, 28, 1ST FLOOR, S.V.ROAD, ANDHERI (WEST),, MUMBAI, MAHARASHTRA - 400058, INDIA

C29156130

*Date of charge modification

 

FIXED ASSETS

 

  • Freehold Land
  • Leasehold Land 
  • Factory Building
  • Plant and Machinery
  • Equipments
  • Vehicles
  • Computer Software
  • Storage Tanks
  • Land wind mill
  • Electrical installation
  • Furniture and fixtures
  • Data processing equipments
  • Laboratory instruments
  • Effluent plants

 

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 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.63.66

UK Pound

1

Rs.100.50

Euro

1

Rs.71.31

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRP

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

ART

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

6

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILITY

1~10

6

--LIQUIDITY

1~10

6

--LEVERAGE

1~10

6

--RESERVES

1~10

6

--CREDIT LINES

1~10

6

--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

 

54

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.