MIRA INFORM REPORT
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Report No. : |
310400 |
|
Report Date : |
04.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
GANDHAR OIL REFINERY (INDIA) LIMITED |
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Formerly Known
As : |
SUNOCO INDUSTRIES PRIVATE LIMITED GANDHAR OIL REFINERY ( |
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Registered
Office : |
DLF Park, 18th Floor, S.V.Road, Goregaon (West), Mumbai – 400062,
Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
07.10.1992 |
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Com. Reg. No.: |
11-068905 |
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Capital
Investment / Paid-up Capital : |
Rs. 115.000 Million |
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CIN No.: [Company Identification
No.] |
U23200MH1992PLC068905 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG09470G MUMG08489F |
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PAN No.: [Permanent Account No.] |
AAACG3996J |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing and Trading of Petroleum Products and Specialty Oils. |
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No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. As per registrar of companies the date of balance sheet (i.e.
financial file) is shown as 31.03.2014 but the document related to the
financial for the 2014 could not be made available from any source. As per previous financial record of 2013, the rating takes into
consideration company’s established position in specialty oil and coal trading
segment supported by sound financial base and fair profitability margins of
the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
February 10, 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
February 10, 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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Ms. Shalini |
|
Designation : |
Finance Executive |
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Contact No.: |
91-22-40635600 |
|
Date : |
02.03.2015 |
LOCATIONS
|
Registered Office : |
DLF Park, 18th Floor, S.V.Road, Goregaon (West), Mumbai – 400062,
Maharashtra, India |
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Tel. No.: |
91-22-24113667/ 40635600 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office: |
1001-1002 Unique Towers, S. V. Road, Goregaon (West), Mumbai - 400062,
Maharashtra, India |
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Tel. No.: |
91-22-40635600 |
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Fax No.: |
91-22-40635601 |
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E-Mail : |
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Factory 1 : |
T-10, MIDC Taloja Main Road, Taluka Panvel, District Raigad,
Maharashtra, India |
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Tel. No.: |
91-22-27412047/27401209 |
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Fax No.: |
91-22-27410408 |
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Factory 2 : |
Unit No.2, Plot No.2, Survey 678/1/3, Village Naroli, Near Naroli Cheack
Post, |
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Tel. No.: |
91-260-3293702 |
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Fax No.: |
91-260-2651120 |
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Branch Office : |
Located at:
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Depots: |
Located at:
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DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Devanshu Pravinbhai Desai |
|
Designation : |
Additional Director |
|
Address : |
42, Dharam Prem, Nehru Road, Vile Parle (East), Mumbai –
400057, Maharashtra, India |
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Date of Birth/Age : |
26.02.1963 |
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Qualification: |
Advocate |
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Date of Appointment : |
08.11.2010 |
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DIN No. : |
00493980 |
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|
Name : |
Mr. Rajiv Makhanlal Mattoo |
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Designation : |
Whole Time Director |
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Address : |
B-6, Vasundhara Tilak Road, Ghatkopar East, Mumbai –
400077, Maharashtra, India |
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Date of Birth/Age : |
21.12.1958 |
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Qualification: |
B.com |
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Date of Appointment : |
08.11.2010 |
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PAN No.: |
AAJPM7942A |
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DIN No. : |
01062384 |
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|
|
Name : |
Mr. Ramesh Babulal Parekh |
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Designation : |
Whole Time Director |
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Address : |
A-802, Adarsh Classic, Adarsh Dugdhalay Road, Off. Marve
Road, Malad (West), Mumbai - 400064, Maharashtra, India |
|
Date of Birth/Age : |
12.06.1954 |
|
Qualification: |
B.com |
|
Date of Appointment : |
29.01.2009 |
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PAN No.: |
AAFPP6795C |
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DIN No. : |
01108443 |
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|
|
|
Name : |
Mr. Jitendra Babulal Parekh |
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Designation : |
Whole Time Director |
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Address : |
A-701, Adarsh Classic, Adarsh Dugdhalay Road, Off. Marve
Road, Malad (West), Mumbai - 400064, Maharashtra, India |
|
Date of Birth/Age : |
26.11.1952 |
|
Qualification: |
B.com |
|
Date of Appointment : |
01.04.2010 |
|
PAN No.: |
AAGPP4510L |
|
DIN No. : |
01108480 |
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|
|
|
Name : |
Mr. Aslesh Rameshkumar Parekh |
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Designation : |
Managing Director |
|
Address : |
A – 802, Adarsh Classic, Adarsh Dugdhalay Road, Off Marve
Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
01.03.1982 |
|
Qualification : |
M.B.A |
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Date of Appointment : |
28.09.2010 |
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PAN No.: |
AGCPP5065E |
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DIN No. : |
02225795 |
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|
Name : |
Mr. Samir Ramesh Parekh |
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Designation : |
Managing Director |
|
Address : |
A-802, Adarsh Classic, Adarsh Dugdhalay Road, Off. Marve
Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
12.04.1980 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
28.09.2010 |
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PAN No.: |
AAFPP6795C |
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DIN No. : |
02225839 |
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|
Name : |
Mr. Rajiv Jitendra Parekh |
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Designation : |
Whole-time director |
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Address : |
A-701, Adarsh Classic, Adarsh Dugdhalay Compound, Off.
Marve Road, Malad (West), Mumbai-400 064, Maharashtra, India |
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Date of Birth/Age : |
28.06.1976 |
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Date of Appointment : |
30.09.2011 |
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DIN No.: |
02868122 |
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|
Name : |
Mr. Sarthak Behuria |
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Designation : |
Director |
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Address : |
K-99, Hauz Khas, New Delhi-110016, India |
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Date of Birth/Age : |
02.03.1952 |
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Date of Appointment : |
29.09.2012 |
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DIN No.: |
03290288 |
KEY EXECUTIVES
|
Name : |
Ms. Shalini |
|
Designation : |
Finance Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ms. Pooja K Parekh |
|
26000 |
|
Mr. Kunal K. Parekh |
|
28500 |
|
Mr. Samir R. Parekh |
|
28500 |
|
Mr. Ashlesh R. Parekh |
|
16000 |
|
Mr. Saurabh R Praekh |
|
16000 |
|
Ms. Divya Parekh |
|
26000 |
|
Mr. Ramesh Parekh |
|
253000 |
|
Mrs. Sunita Parekh |
|
54000 |
|
Mr. Rajiv J Parekh |
|
20000 |
|
Mrs. Padmini K Parekh |
|
30000 |
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Mrs. Rajiv Jitendra Parekh |
|
22500 |
|
Mr. Kunal Kailash Parekh |
|
10000 |
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Mr. Samir Ramesh Parekh |
|
22500 |
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Mr. Ashlesh Ramesh Parekh |
|
10000 |
|
Mr. Saurabh Ramesh Parekh |
|
10000 |
|
Ms. Pooja Kailash Parekh |
|
5000 |
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Mrs. Alka Rajiv Parekh |
|
15000 |
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Mrs. Sharmishtha S. Parekh |
|
15000 |
|
Ms. Divya R. Parekh |
|
5000 |
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Mr. Ashlesh Parekh |
|
12500 |
|
Mr. Saurabh Parekh |
|
15000 |
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Mrs. Dimple Parekh |
|
10000 |
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Mrs. Nishita Saurabh Parekh |
|
10000 |
|
M/S. GGICO Investment LLC, Dubai |
|
200000 |
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|
|
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|
Total |
|
1600000 |
AS ON 30.09.2014
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 |
12.50 |
|
Directors or relatives of Directors |
87.50 |
|
Total |
100.00 |
%20LIMITED%20%20-%20310400%2004-Mar-2015_files/image016.gif)
BUSINESS DETAILS
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Line of Business : |
Manufacturing and Trading of Petroleum Products and Specialty Oils. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
B. L. Sarda and Associates Chartered Accountants |
|
Address : |
61, Rajgir Chambers, 7th Floor, Opposite Old Custom House,
12/14, Shahid Bhagat Singh Road, Mumbai - 400 023, Maharashtra, India |
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PAN No.: |
AAAFB1454H |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Gandhar Shipping and Logistics Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs. 100/- each |
Rs. 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1600000 |
Equity Shares |
Rs. 100/-
each |
Rs. 160.000
Million |
|
|
|
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|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1200000 |
Equity Shares |
Rs. 100/- each |
Rs. 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1150000 |
Equity Shares |
Rs. 100/-
each |
Rs. 115.000
Million |
|
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
EQUITY AND
LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
115.000 |
115.000 |
115.000 |
|
(b) Reserves & Surplus |
1086.982 |
751.025 |
606.368 |
|
(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) |
1201.982 |
866.025 |
721.368 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
17.062 |
37.926 |
44.254 |
|
(b) Deferred tax liabilities (Net) |
14.559 |
13.422 |
11.137 |
|
(c) Other long term liabilities |
10.042 |
5.968 |
4.618 |
|
(d) long-term provisions |
3.789 |
1.958 |
1.610 |
|
Total Non-current
Liabilities (3) |
45.452 |
59.274 |
61.619 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
2710.083 |
1454.371 |
1061.563 |
|
(b) Trade payables |
1574.461 |
1355.797 |
468.851 |
|
(c) Other current liabilities |
312.369 |
163.005 |
140.706 |
|
(d) Short-term
provisions |
184.337 |
62.736 |
31.816 |
|
Total Current
Liabilities (4) |
4781.250 |
3035.909 |
1702.936 |
|
|
|
|
|
|
TOTAL |
6028.684 |
3961.208 |
2485.923 |
|
|
|
|
|
|
I.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
629.871 |
497.211 |
467.987 |
|
(ii) Intangible Assets |
0.525 |
0.501 |
0.623 |
|
(iii) Capital work-in-progress |
6.424 |
64.378 |
36.454 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
7.276 |
0.020 |
0.020 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.571 |
4.548 |
14.728 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
648.667 |
566.658 |
519.812 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1330.874 |
1415.084 |
587.883 |
|
(c) Trade receivables |
2742.648 |
1408.822 |
873.269 |
|
(d) Cash and cash equivalents |
797.876 |
211.139 |
141.803 |
|
(e) Short-term loans and advances |
488.329 |
340.898 |
350.479 |
|
(f) Other current assets |
20.290 |
18.607 |
12.677 |
|
Total Current
Assets |
5380.017 |
3394.550 |
1966.111 |
|
|
|
|
|
|
TOTAL |
6028.684 |
3961.208 |
2485.923 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
12165.619 |
5843.254 |
4506.271 |
|
|
Other Income |
35.649 |
19.217 |
14.655 |
|
|
TOTAL
|
12201.268 |
5862.471 |
4520.926 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
5862.098 |
4344.155 |
3599.366 |
|
|
Purchases of Stock-in-Trade |
4334.581 |
1461.850 |
376.598 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
199.991 |
(610.068) |
(73.706) |
|
|
Employees benefits expense |
108.494 |
40.756 |
36.664 |
|
|
Other expenses |
907.289 |
263.925 |
334.572 |
|
|
TOTAL |
11412.453 |
5500.618 |
4273.494 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
788.815 |
361.853 |
247.432 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
164.278 |
116.251 |
64.436 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
624.537 |
245.602 |
182.996 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
18.441 |
16.420 |
12.163 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
606.096 |
229.182 |
170.833 |
|
|
|
|
|
|
|
Less |
TAX |
229.776 |
77.842 |
48.672 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
376.320 |
151.340 |
122.161 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
229.727 |
100.069 |
10.183 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
300.000 |
15.000 |
12.227 |
|
|
Dividend |
34.500 |
5.750 |
17.250 |
|
|
Tax on Dividend |
5.864 |
0.932 |
2.798 |
|
|
BALANCE
CARRIED TO THE B/S |
265.683 |
229.727 |
100.069 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
2857.292 |
1974.997 |
1370.640 |
|
|
TOTAL
EARNINGS |
2857.292 |
1974.997 |
1370.640 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
327.23 |
131.60 |
106.23 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
3.09
|
2.59 |
2.71 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
6.48
|
6.19 |
5.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.08 |
5.88 |
6.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.50 |
0.26 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debts/Networth) |
|
2.27 |
1.72 |
1.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.12 |
1.15 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
115.000 |
115.000 |
115.000 |
|
Reserves & Surplus |
606.368 |
751.025 |
1086.982 |
|
Net
worth |
721.368 |
866.025 |
1201.982 |
|
|
|
|
|
|
long-term borrowings |
44.254 |
37.926 |
17.062 |
|
Short term borrowings |
1061.563 |
1454.371 |
2710.083 |
|
Total
borrowings |
1105.817 |
1492.297 |
2727.145 |
|
Debt/Equity
ratio |
1.533 |
1.723 |
2.269 |
%20LIMITED%20%20-%20310400%2004-Mar-2015_files/image018.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
4506.271 |
5843.254 |
12165.619 |
|
|
|
29.669 |
108.199 |
%20LIMITED%20%20-%20310400%2004-Mar-2015_files/image020.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
4506.271 |
5843.254 |
12165.619 |
|
Profit |
122.161 |
151.340 |
376.320 |
|
|
2.71% |
2.59% |
3.09% |
%20LIMITED%20%20-%20310400%2004-Mar-2015_files/image022.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
--------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
--------- |
|
26] |
Buyer visit details |
--------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE:
Registered office of the company has been shifted from 29/3, Sewree Premises Co-Operative Society, Sewree (East), Mumbai- 400 015, Maharashtra, India to the present address.
LITIGATION DETAILS
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
|
|
|
|
Main
Matter Reg. No.:- WP/40/2010
Reg. Date :- 20/01/2010 |
|
LIMITED Petn. Adv : A.R. PANDE (0) Resp. Adv:- DSK LEGAL (0) District: BOMBAY |
|
Status: ADMISSION (Unready) Category:
WRIT PETITIONS (DIVISION BENCH)
Last Date: 20/04/2010 Stage:
WRIT PETITION FOR ADMISSION Last Coram: HON'BLE SHRI JUSTICE J.N. PATEL HON’BLE SHIR JUSTICE A.P. BHANGALE |
|
Act: C.P.C.- (Non-Interlocutory Order) |
%20LIMITED%20%20-%20310400%2004-Mar-2015_files/image009.gif){kind=small}
%20LIMITED%20%20-%20310400%2004-Mar-2015_files/image010.gif){kind=small}
%20LIMITED%20%20-%20310400%2004-Mar-2015_files/image011.gif){kind=small}
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10548081 |
19/01/2015 |
300,000,000.00 |
State Bank of India |
IFB, Natraj Building, 102, 1st Floor, 194, Sir M V Road Western Express Highway, Andheri (E), Mumbai, Maharashtra - 400069, INDIA |
C43022573 |
|
2 |
10551527 |
30/08/2014 |
720,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
C44764942 |
|
3 |
10386687 |
16/11/2012 |
700,000,000.00 |
Bank of Baroda |
Corporate Financial Service Fort Branch, 4th Floor, 10/12, Mumbai Samachar Marg, Fort,, Mumbai, Maharashtra - 400001, INDIA |
B62138995 |
|
4 |
10363115 |
25/06/2012 |
320,000,000.00 |
ICICI Bank Limited |
Corporate Head Office, ICICI Bank Towers, Bandra-Kurla Complex, Bandra (East), Mumbai, Maharashtra - 400051, INDIA |
B42680025 |
|
5 |
10359678 |
11/05/2012 |
325,000,000.00 |
Bank of India |
Andheri Mid
Corporate Branch, 28, MDI Bldg., 1st Maharashtra - 400058, INDIA |
B41230780 |
|
6 |
10346000 |
13/03/2012 |
317,500,000.00 |
INDUSIND BANK LTD. |
INDUSIND HOUSE 425,
DADASAHEB BHADKAMKAR MARG,, |
B36472017 |
|
7 |
10310916 |
05/06/2012 * |
500,000,000.00 |
Axis Bank Limited |
Silvasa Branch, Jigar Complex,, Naroli Rd., Silvassa, Dadar Nagar Haveli - 396230, INDIA |
B43742360 |
|
8 |
10302761 |
20/07/2011 |
50,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B19016500 |
|
9 |
10234011 |
04/08/2014 * |
4,932,100,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd
Flr, Bombay Dyeing Mills Compound, |
C14479166 |
|
10 |
10181019 |
08/10/2009 |
245,000,000.00 |
ORIENTAL BANK OF COMMERCE LIMITED |
Fort Branch, Jash Chambers, Sir P. M Road, Mumbai, Mumbai, Maharashtra - 400001, INDIA |
A71105456 |
* Date of charge modification
UNSECURED LOANS
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on demand from banks |
0.030 |
0.000 |
|
Loans and advances from directors |
33.139 |
29.125 |
|
Loans and advances from others |
341.270 |
216.976 |
|
Other loans and advances |
1884.751 |
711.833 |
|
|
|
|
|
Total |
2259.19 |
957.934 |
FIXED ASSETS
Tangible Assets
- Lease hold
Land
- Free hold
Land
- Factory
Building
- Building
- Plant and
Machinery
- Electrical
Installation
- Office and
Laboratory Equipment’s
- Air
Conditioner
- Computer
Intangible Assets
- 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. 61.84 |
|
|
1 |
Rs. 95.14 |
|
Euro |
1 |
Rs. 69.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
YES |
|
--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.