MIRA INFORM REPORT
|
Report No. : |
312295 |
|
Report Date : |
16.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
ADITYA BIRLA SCIENCE AND TECHNOLOGY COMPANY LIMITED |
|
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|
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Registered
Office : |
Aditya Birla Centre, C-Wing, 1st Floor S.K. Ahire Marg, Worli, Mumbai – 400030, Maharashtra |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
17.01.2006 |
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Com. Reg. No.: |
11-158951 |
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Capital
Investment / Paid-up Capital : |
Rs. 200.000 Millions |
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CIN No.: [Company Identification
No.] |
U74200MH2006PLC158951 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA27248E |
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PAN No.: [Permanent Account No.] |
AAFCA5688J |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Providing Scientific and Technical Consultancy Services. |
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No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Rating takes into consideration company’s healthy operational risk
profile supported by decent operational performance, adequate capital base
and sound 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.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-27403100)
LOCATIONS
|
Registered Office : |
Aditya Birla Centre, C-Wing, 1st Floor S.K.
Ahire Marg, Worli, Mumbai – 400030, Maharashtra, India |
|
Tel. No. : |
91-22-24995000/ 27403100 |
|
Fax No. : |
91-22-24995740 |
|
E-Mail : |
DIRECTORS
As on 01.08.2014
|
Name : |
Mr. Santrupt Misra |
|
Designation : |
Director |
|
Address : |
3101, 31, Zahra Tower, Dr. E. Moswes Road, Worli, Mumbai -
400018, Maharashtra, India |
|
Date of Birth/ Age : |
15.08.1965 |
|
Qualification : |
MA Politics, MA PMIR |
|
Date of Appointment : |
17.01.2006 |
|
DIN No. : |
00013625 |
|
|
|
|
Name : |
Mr. Krishna Kishore Maheshwari |
|
Designation : |
Director |
|
Address : |
Chitrakoot Housing Society, Flat No. 22, Altamount Road, Mumbai
- 400026, Maharashtra, India |
|
Date of Birth/ Age : |
01.03.1955 |
|
Date of Appointment : |
07.06.2011 |
|
DIN No. : |
00017572 |
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|
|
|
Name : |
Mr. Rajiv Dube |
|
Designation : |
Director |
|
Address : |
5, Betsy Apartments, Perry Road, Bandra (West), Mumbai -
400050, Maharashtra, India |
|
Date of Birth/ Age : |
04.02.1962 |
|
Qualification : |
MBA from Xavier Labour Relation Institute, Jamshedpur and Mechanical Engineer |
|
Date of Appointment : |
07.06.2011 |
|
DIN No. : |
00021796 |
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|
|
|
Name : |
Mr. Ratan Kumar Shah |
|
Designation : |
Director |
|
Address : |
A-2, Adm. Colony, Hindalco, Renukoot - 231217, Uttar
Pradesh, India |
|
Date of Birth/ Age : |
18.03.1954 |
|
Date of Appointment : |
07.06.2011 |
|
DIN No. : |
00508487 |
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|
|
Name : |
Mr. Lalitkumar Shantaram Naik |
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Designation : |
Director |
|
Address : |
2, Pujari Apartments, Off Sion Trombay Road, Deonar,
Mumbai, 400088, Maharashtra, India |
|
Date of Birth/ Age : |
18.10.1961 |
|
Date of Appointment : |
07.06.2011 |
|
DIN No. : |
02943588 |
|
|
|
|
Name : |
Mr. Philip Robert Martens |
|
Designation : |
Director |
|
Address : |
355 Londonberry Road Nw, Atlanta, 30327, Gabon |
|
Date of Birth/ Age : |
13.04.1960 |
|
Date of Appointment : |
07.06.2011 |
|
DIN No. : |
03564470 |
KEY EXECUTIVES
|
Name : |
Mr. Rajiv Dube |
|
Designation : |
Manager |
|
Address : |
5, Betsy Apartments, Perry Road, Bandra (West), Mumbai -
400050, Maharashtra, India |
|
Date of Birth/Age : |
04.02.1962 |
|
Date of Appointment : |
03.08.2010 |
|
PAN No.: |
ABYPD5365Q |
|
|
|
|
Name : |
Mr. Puneet Bansal |
|
Designation : |
Secretary |
|
Address : |
1304, Fiona, Hiranandani Estate,, Ghodbunder Road, Thane
(West), Thane, 400607, Maharashtra, India |
|
Date of Birth/Age : |
25.12.1970 |
|
Date of Appointment : |
04.09.2013 |
|
PAN No.: |
AFBPB6059C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 01.08.2014
|
Names of Shareholders |
No. of Shares |
|
Grasim Industries Limited, India |
7799500 |
|
Samruddhi Swastik Trading and Investment Limited, India |
250 |
|
Birla Management Centre Services Limited, India |
250 |
|
Hindalco Industries Limited, India |
9799500 |
|
Aditya Birla Nuvo Limited, India |
2400000 |
|
Hindalco Industries Limited, India J/ w Mr. D Bhattacharya |
250 |
|
Hindalco Industries Limited, India j/w Mr. A K Agarwala |
250 |
|
Total |
20000000 |
As on 01.08.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Scientific and Technical Consultancy Services. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by management |
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Bankers : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Suresh Surana and Associates LLP Chartered Accountants |
|
Address : |
13th Floor, Bakhtawar, 229 Nariman Point, Mumbai - 400021, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACLFS1562L |
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Memberships : |
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Collaborators : |
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Associated
Enterprises: |
· Hindalco Industries Limited CIN No.: L27020MH1958PLC011238 · Grasim Industries Limited CIN No.: L17124MP1947PLC000410 · Aditya Birla Nuvo Limited CIN No.: L17199GJ1956PLC001107 |
CAPITAL STRUCTURE
As on 01.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 200.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
200.000 |
200.000 |
200.000 |
|
(b) Reserves & Surplus |
39.066 |
(0.129) |
(29.728) |
|
(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) |
239.066 |
199.871 |
170.272 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
673.608 |
310.767 |
589.375 |
|
(b) Deferred tax liabilities (Net) |
44.472 |
27.303 |
10.215 |
|
(c) Other long term
liabilities |
0.833 |
0.548 |
0.686 |
|
(d) long-term
provisions |
23.583 |
20.297 |
15.898 |
|
Total Non-current
Liabilities (3) |
742.496 |
358.915 |
616.174 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
342.925 |
342.925 |
342.925 |
|
(b) Trade
payables |
14.317 |
21.826 |
11.708 |
|
(c) Other
current liabilities |
218.034 |
561.985 |
277.390 |
|
(d) Short-term
provisions |
0.717 |
0.445 |
0.400 |
|
Total Current
Liabilities (4) |
575.993 |
927.181 |
632.423 |
|
|
|
|
|
|
TOTAL |
1557.555 |
1485.967 |
1418.869 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
1156.330 |
1067.429 |
1011.483 |
|
(ii)
Intangible Assets |
13.081 |
15.917 |
16.537 |
|
(iii)
Capital work-in-progress |
156.385 |
206.381 |
217.752 |
|
(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 |
48.387 |
38.108 |
25.538 |
|
(e) Other
Non-current assets |
0.500 |
0.000 |
0.128 |
|
Total Non-Current
Assets |
1374.683 |
1327.835 |
1271.438 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
117.776 |
0.000 |
88.801 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
10.073 |
98.539 |
24.175 |
|
(d) Cash and
cash equivalents |
32.763 |
30.209 |
12.624 |
|
(e)
Short-term loans and advances |
15.960 |
21.856 |
19.467 |
|
(f) Other
current assets |
6.300 |
7.528 |
2.364 |
|
Total
Current Assets |
182.872 |
158.132 |
147.431 |
|
|
|
|
|
|
TOTAL |
1557.555 |
1485.967 |
1418.869 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
524.347 |
472.882 |
355.587 |
|
|
|
Other Income |
15.345 |
10.922 |
2.391 |
|
|
|
TOTAL (A) |
539.692 |
483.804 |
357.978 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
159.828 |
152.074 |
128.040 |
|
|
|
Other expenses |
180.594 |
154.819 |
163.545 |
|
|
|
TOTAL (B) |
340.422 |
306.893 |
291.585 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
199.270 |
176.911 |
66.393 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
95.197 |
85.352 |
69.255 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
104.073 |
91.559 |
(2.862) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
47.709 |
44.917 |
41.302 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
56.364 |
46.642 |
(44.164) |
|
|
|
|
|
|
|
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|
Less |
TAX (H) |
17.169 |
17.042 |
(11.358) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
39.195 |
29.600 |
(32.806) |
|
|
|
|
|
|
|
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|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
FOB value of manufactured goods exported |
3.557 |
0.000 |
0.000 |
|
|
|
Earnings on professional and consultation fees |
35.745 |
67.613 |
79.614 |
|
|
TOTAL EARNINGS |
39.302 |
67.613 |
79.614 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
3.179 |
19.788 |
22.685 |
|
|
TOTAL IMPORTS |
3.179 |
19.788 |
22.685 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1.96 |
1.48 |
(1.64) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
7.48 |
6.26 |
(9.23) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
38.00 |
37.41 |
18.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.02 |
3.65 |
(3.68) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.23 |
(0.26) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.25 |
3.27 |
5.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.32 |
0.17 |
0.23 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
200.000 |
200.000 |
200.000 |
|
Reserves & Surplus |
(29.728) |
(0.129) |
39.066 |
|
Net
worth |
170.272 |
199.871 |
239.066 |
|
|
|
|
|
|
long-term borrowings |
589.375 |
310.767 |
673.608 |
|
Short term borrowings |
342.925 |
342.925 |
342.925 |
|
Total
borrowings |
932.300 |
653.692 |
1016.533 |
|
Debt/Equity
ratio |
5.475 |
3.271 |
4.252 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
355.587 |
472.882 |
524.347 |
|
|
|
32.986 |
10.883 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
355.587 |
472.882 |
524.347 |
|
Profit |
(32.806) |
29.600 |
39.195 |
|
|
(9.23%) |
6.26% |
7.48% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
|
|
|
|
|
Current Maturities of Long Term Debts |
165.967 |
528.808 |
250.200 |
|
|
|
|
|
|
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 |
No |
|
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 |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
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 |
Yes |
|
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 |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Intercorporate borrowings (Inter corporate deposits are to be repaid at the end of 3 years from the date of receiving the same, Interest on the above inter corporate deposits are to be paid as per the rates agreed) |
673.608 |
310.767 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Intercorporate borrowings (Inter corporate deposits are to be repaid at the end of 3 to 12 months from the date of receiving the same, Interest on the above inter corporate deposits are to be paid as per the rates agreed) |
342.925 |
342.925 |
|
Total |
1016.533 |
653.692 |
CORPORATE INFORMATION
Subject is a Company incorporated on 17 January 2006 in India under the Companies Act, 1956. The main object of the Client is to establish, provide, maintain and conduct, assist research laboratories and experimental workshops for scientific and technical research and experiments and to undertake and to carry on all scientific and technical researches, experiments, tests of all kinds and to promote studies and researches, both scientific and technical investigations, and inventions by providing, endowing or assisting laboratories, workshops, libraries in particular in the area of aluminium and copper, carbon black, fertilizers, fibres, chemicals.
COMPANY PERFORMANCE
During the year, the Company has registered a growth in revenue of about 12%. The borrowing costs have increased during the year from Rs. 85.400 Millions to Rs. 95.200 Millions. The Company has continued to build strategic capabilities and focus on Research and Development activities. During the year the company through a dedicated team comprising of Scientists, Research Associates caried out scientific research for various projects in the area of Aluminum, copper, Cement, Carbon Black, Fibre, Chemicals etc. The company embarked on 31 R&D projects during the year and completed work on 16. Furthermore, the company sold an in-house developed lab scale fibre spinning unit to the University of Karlstad, Sweden. It also carried out external testing for 34 outside companies during FY13-14.
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer Equipments
· Other Equipments
Intangible Assets
· 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.62.67 |
|
|
1 |
Rs.93.16 |
|
Euro |
1 |
Rs.66.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
43 |
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.