MIRA INFORM REPORT
|
Report No. : |
314146 |
|
Report Date : |
28.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
MANIPAL TECHNOLOGIES LIMITED [w.e.f.23.05.2011] |
|
|
|
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Formerly Known
As : |
MANIPAL PRESS LIMITED [w.e.f.04.04.2000] MANIPAL PRESS PRIVATE LIMITED |
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Registered
Office : |
Udayavani Building, Press Corner, Manipal – 576104, Karnataka |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
13.01.2000 |
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Com. Reg. No.: |
08-026222 |
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Capital
Investment / Paid-up Capital : |
Rs. 127.779 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219KA2000PLC026222 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRM05742C |
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PAN No.: [Permanent Account No.] |
AABCM9516H |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Printing Materials. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6900000 |
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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. Trade relations are reported to be 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 |
CRISIL |
|
Rating |
Long term rating = BBB- |
|
Rating Explanation |
Moderate credit quality and average credit
risk. |
|
Date |
October 13, 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
LOCATIONS
|
Registered/ Head Office : |
Udayavani Building, Press Corner, Manipal – 576104, Karnataka, India
|
|
Tel. No.: |
91-820-2571151-2571155 |
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Fax No.: |
91-820-2570131/ 2571162 |
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E-Mail : |
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Website : |
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Branch Offices : |
Located at: · Bangalore · Chennai · Coimbatore · Delhi (Noida) · Gurgaon · Hyderabad · Kochi · Kolkota ·
Mumbai |
DIRECTORS
AS ON 18.09.2014
|
Name : |
Tonse Satish Upendra Pai |
|
Designation : |
Director |
|
Address : |
No.38, Ananth Nagar, Manipal - 576104, Karnataka, India |
|
Date of Birth/Age : |
26.11.1941 |
|
Qualification : |
SSLC |
|
Date of Appointment : |
13.01.2000 |
|
DIN No.: |
00104361 |
|
|
|
|
Name : |
Perdoor Vaman Mallya |
|
Designation : |
Director |
|
Address : |
D63C, Ananth Nagar II Stage, Manipal - 576104, Karnataka, India |
|
Date of Birth/Age : |
31.08.1948 |
|
Qualification : |
C.A |
|
Date of Appointment : |
25.01.2000 |
|
DIN No.: |
00120272 |
|
|
|
|
Name : |
Tonse Guatham Pai |
|
Designation : |
Managing director |
|
Address : |
38, Ananth Nagar, Manipal - 576104, Karnataka, India |
|
Date of Birth/Age : |
26.09.1974 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
29.07.2003 |
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PAN No.: |
ACZPP1142R |
|
DIN No.: |
00120314 |
|
|
|
|
Name : |
Sachin Tonse Pai |
|
Designation : |
Director |
|
Address : |
14, Ananth Nagar, Manipal, Udupi - 576119, Karnataka, India |
|
Date of Birth/Age : |
10.03.1976 |
|
Qualification : |
M.B.A. |
|
Date of Appointment : |
16.04.2004 |
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DIN No.: |
00795780 |
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|
|
|
Name : |
Giulio Olivotto |
|
Designation : |
Nominee director |
|
Address : |
Via G.M. Brunori, 45, Monteviale Vi, 36050, Italy |
|
Date of Birth/Age : |
24.11.1945 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
28.07.2007 |
|
DIN No.: |
01595753 |
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|
|
|
Name : |
Tekkar Yashwanth Prabhu |
|
Designation : |
Director |
|
Address : |
No. 177, 2nd Cross, 9th Main,, BTM 2nd Stage, Aicoboo Nagar, Bangalore South, Bangalore - 560076, Karnataka, India |
|
Date of Birth/Age : |
30.12.1950 |
|
Date of Appointment : |
18.09.2014 |
|
DIN No.: |
02113527 |
|
|
|
|
Name : |
John Charles Fowler |
|
Designation : |
Director |
|
Address : |
825 N Prospect Ave. Unit 1801, Milwaukee, Wi, USA, 53202, United States of America |
|
Date of Birth/Age : |
26.07.1950 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
03.08.2012 |
|
DIN No.: |
06367208 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 18.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
T. Mohandas Pai |
|
40500 |
|
T. Satish U. Pai |
|
170904 |
|
Ramdas Madhav Pai |
|
190128 |
|
T. Narayana Pai |
|
81000 |
|
T. Ashok Pai |
|
186474 |
|
T. Gautham Pai |
|
3314 |
|
Manipal Prakashana Limited, India |
|
1215000 |
|
T. Sachin Pai |
|
6000 |
|
Sandhya S. Pai |
|
174064 |
|
T. Gayathri Pai |
|
23436 |
|
Ranjan Ramdas Pai |
|
7026 |
|
Vasanthi Ramdas Pai |
|
14064 |
|
Sharath Investments Private Limited, India |
|
47808 |
|
Shivalli Investment Company Private Limited, India |
|
88128 |
|
T. Sunil Pai |
|
7032 |
|
T. Sanjay Pai |
|
9375 |
|
T. Narayana Pai and Vijayalaxmi N. Pai |
|
8202 |
|
T. Satish U. Pai (HUF) |
|
3750 |
|
Manipal Media Network Limited, India |
|
6117087 |
|
Legoprint SPA, Italy |
|
2246170 |
|
Simesh SPA, Italy |
|
600000 |
|
Quad Graphics Mauritius Limited, Italy |
|
1533000 |
|
Asha S. Pai |
|
5450 |
|
|
|
|
|
Total |
|
12777912 |
AS ON 18.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
34.27 |
|
Bodies
corporate |
58.44 |
|
Directors
or relatives of directors |
7.29 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Printing Materials. |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
-- |
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Countries : |
-- |
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Imports : |
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Products : |
-- |
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Countries : |
-- |
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Terms : |
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Selling : |
-- |
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Purchasing : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
· State Bank of India Manipal Branch, Manipal - 576104, Karnataka, India · Vijaya Bank Manipal Branch, Manipal - 576104, Karnataka, India · Punjab National Bank Beauty Plaza, Near Rupa Building, Balmatta Road, Mangalore - 575001,
Karnataka, India · Oriental Bank of Commerce Bunts Hostel Road, Mangalore - 575003, Karnataka, India · Syndicate Bank Manipal Branch, Manipal - 576104, Karnataka, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors 1 : |
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|
Name : |
Sriramulu Naidu and Company Chartered Accountants |
|
Address : |
2nd Floor, Ram Bhavan Complex, Kodialbail, Mangalore,
Karnataka, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAVFS3877R |
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|
|
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Auditors 2 : |
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|
Name : |
Pai Nayak and Associates Chartered Accountants |
|
Address : |
Iii Floor, Raaj Complex, Near City Bus Stand, Udupi,
Karnataka, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFP5516E |
|
|
|
|
Subsidiaries : |
·
Universal Print Systems Limited
[L22213TN1995PLC031845] ·
MCT Cards and Technology Private Limited
[U72900KA2008PTC045316] ·
Manipal Business Solutions Private Limited
[U72200KA2009PTC050532] ·
Manipal Energy and Infratech Limited (Upto
30.03.2014) [U40108KA2011PLC056610] ·
Manipal International Printing Press Limited
Kenya ·
Manipal International Press Limited, Nigeria ·
Manipal Logistics Private Limited
[U74900KA2010PTC053146] ·
Manipal Digital Systems Private Limited
[U22300KA2007PTC041394] ·
Manipal Utility Packaging Solutions Private
Limited [U21014KA2008PTC045299] |
|
|
|
|
Associates : |
·
Manipal Media Network Limited
[U22221KA1948PLC001159] ·
Manipal Prakashana Limited
[U02212KA1980PLC004010] ·
TGS Card Solution S.A. DE C.V, Mexico ·
Sharath Investments Private Limited [U65910KA1983PTC005626] ·
Manipal Thomas Greg Press Private Limited
[U22211KA1999PTC024806] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 200.000 Millions |
|
5,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 250.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12,777,912 |
Equity Shares |
Rs. 10/- each |
Rs. 127.779 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 |
127.779 |
127.779 |
127.779 |
|
(b) Reserves & Surplus |
2302.227 |
2268.279 |
2229.069 |
|
(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) |
2430.006 |
2396.058 |
2356.848 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
1447.963 |
1498.531 |
1781.216 |
|
(b) Deferred tax liabilities (Net) |
243.508 |
228.748 |
203.286 |
|
(c)
Other long term liabilities |
0.810 |
0.810 |
0.810 |
|
(d)
long-term provisions |
0.559 |
0.000 |
2.173 |
|
Total
Non-current Liabilities (3) |
1692.840 |
1728.089 |
1987.485 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1463.378 |
1674.445 |
1206.116 |
|
(b)
Trade payables |
667.187 |
498.623 |
421.475 |
|
(c)
Other current liabilities |
729.109 |
637.185 |
730.565 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
2859.674 |
2810.253 |
2358.156 |
|
|
|
|
|
|
TOTAL |
6982.520 |
6934.400 |
6702.489 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
3357.716 |
3255.226 |
3142.991 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
40.109 |
54.203 |
108.129 |
|
(iv) Intangible assets under development |
71.863 |
64.249 |
51.556 |
|
(b) Non-current
Investments |
459.447 |
375.844 |
333.421 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
112.452 |
132.215 |
108.423 |
|
(e)
Other Non-current assets |
71.805 |
76.721 |
62.757 |
|
Total
Non-Current Assets |
4113.392 |
3958.458 |
3807.277 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
744.298 |
654.100 |
532.349 |
|
(c)
Trade receivables |
1252.997 |
1148.243 |
1114.778 |
|
(d)
Cash and cash equivalents |
390.972 |
842.459 |
857.117 |
|
(e)
Short-term loans and advances |
455.993 |
299.171 |
354.547 |
|
(f)
Other current assets |
24.868 |
31.969 |
36.421 |
|
Total
Current Assets |
2869.128 |
2975.942 |
2895.212 |
|
|
|
|
|
|
TOTAL |
6982.520 |
6934.400 |
6702.489 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
4562.214 |
4063.570 |
3464.108 |
|
|
|
Other Income |
101.934 |
124.885 |
32.685 |
|
|
|
TOTAL (A) |
4664.148 |
4188.455 |
3496.793 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1975.356 |
1802.463 |
1652.801 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(48.233) |
(29.474) |
(15.867) |
|
|
|
Employees benefits expense |
363.196 |
366.526 |
327.042 |
|
|
|
Other expenses |
1517.592 |
1327.520 |
877.841 |
|
|
|
Prior period items |
0.000 |
0.771 |
1.850 |
|
|
|
Exceptional Items |
181.895 |
60.361 |
67.559 |
|
|
|
TOTAL (B) |
3989.806 |
3528.167 |
2911.226 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
674.342 |
660.288 |
585.567 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
392.408 |
388.329 |
328.884 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
281.934 |
271.959 |
256.683 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
233.225 |
207.292 |
206.267 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
48.709 |
64.667 |
50.416 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
14.760 |
25.458 |
17.203 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
33.949 |
39.209 |
33.213 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.66 |
3.07 |
3.36 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.74 |
0.96 |
0.96 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
14.78 |
16.25 |
16.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.76 |
1.00 |
0.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.03 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.20 |
1.32 |
1.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.00 |
1.06 |
1.23 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
127.779 |
127.779 |
127.779 |
|
Reserves & Surplus |
2229.069 |
2268.279 |
2302.227 |
|
Net
worth |
2356.848 |
2396.058 |
2430.006 |
|
|
|
|
|
|
Long-term borrowings |
1781.216 |
1498.531 |
1447.963 |
|
Short term borrowings |
1206.116 |
1674.445 |
1463.378 |
|
Total
borrowings |
2987.332 |
3172.976 |
2911.341 |
|
Debt/Equity ratio |
1.268 |
1.324 |
1.198 |
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 |
3464.108 |
4063.570 |
4562.214 |
|
|
|
17.305 |
12.271 |
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 |
3464.108 |
4063.570 |
4562.214 |
|
Profit |
33.213 |
39.209 |
33.949 |
|
|
0.96% |
0.96% |
0.74% |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION
DETAILS
|
High Court of Karnataka - Bengaluru Bench |
ITA 539/2014 |
CASE PENDING
|
Petitioner/Appnt.
Name |
COMMISSIONER OF
INCOME TAX |
Respondent/Defnt.
Name |
M/S MANIPAL
TECHNOLOGIES LTD |
||
|
Petnr./Appnt.
Advocate |
SANMATHI E I |
Respnt./Defnt.
Advocate |
|||
|
Date Filed |
12/12/2014 |
Classification |
District |
MANGALURU |
|
|
Stage |
PENDING FOR ADMISSON |
Last Posted For |
|
||
|
Last Action Taken |
Last Date of Action |
Next Hearing Date |
|||
|
Latest Order |
|||||
|
Before Hon'ble Judge/s |
|||||
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10544398 |
30/12/2014 |
986,000.00 |
STATE BANK OF
INDIA |
MANIPAL BRANCH,
MANIPAL, KARNATAKA - 576104, INDIA |
C41110735 |
|
2 |
10545285 |
24/12/2014 |
350,000,000.00 |
VIJAYA BANK |
MANIPAL BRANCH,
MANIPAL, KARNATAKA - 576104, INDIA |
C41529587 |
|
3 |
10553415 |
09/12/2014 |
920,000,000.00 |
PUNJAB NATIONAL
BANK |
BEAUTY PLAZA,NEAR
RUPA BUILDING, BALMATTA ROAD, MANGALORE, KARNATAKA - 575001, INDIA |
C45779840 |
|
4 |
10544394 |
28/11/2014 |
1,087,000.00 |
STATE BANK OF
INDIA |
MANIPAL BRANCH,
MANIPAL, KARNATAKA - 576104, INDIA |
C41108762 |
|
5 |
10522295 |
04/08/2014 |
20,000,000.00 |
ORIENTAL BANK OF
COMMERCE |
BUNTS HOSTEL
ROAD, MANGALORE, KARNATAKA - 575003, |
C22846463 |
|
6 |
10474903 |
16/12/2013 * |
387,600,000.00 |
SYNDICATE BANK |
MANIPAL MAIN
BRANCH, MANIPAL, KARNATAKA - 576104, INDIA |
B95484911 |
|
7 |
10456298 |
30/09/2013 |
250,600,000.00 |
THE SOUTH INDIAN
BANK |
UDUPI BRANCH,
UDUPI, KARNATAKA - 576102, INDIA |
B88048657 |
|
8 |
10452644 |
07/09/2013 |
2,500,000.00 |
SYNDICATE BANK |
MANIPAL MAIN
BRANCH, MANIPAL, KARNATAKA - 576104, INDIA |
B86502259 |
|
9 |
10416627 |
30/03/2013 |
16,642,000.00 |
THE SOUTH INDIAN
BANK |
UDUPI BRANCH,
UDUPI, KARNATAKA - 576102, INDIA |
B72251929 |
|
10 |
10400231 |
07/01/2013 |
3,195,000.00 |
SYNDICATE BANK |
MANIPAL MAIN
BRANCH, MANIPAL, KARNATAKA - 576104, INDIA |
B66985177 |
|
11 |
10343740 |
29/02/2012 |
100,000,000.00 |
SYNDICATE BANK |
MANIPAL MAIN
BRANCH, MANIPAL, KARNATAKA - 576104, INDIA |
B35647296 |
|
12 |
10329286 |
07/01/2012 |
74,886,000.00 |
THE SOUTH INDIAN
BANK |
UDUPI BRANCH, UDUPI,
KARNATAKA - 576102, INDIA |
B29731478 |
|
13 |
10316327 |
16/10/2014 * |
1,408,925,000.00 |
SYNDICATE BANK |
MANIPAL BRANCH,
MANIPAL, KARNATAKA - 576104, INDIA |
C33123316 |
|
14 |
10300391 |
13/07/2011 |
88,900,000.00 |
SOUTH INDIAN
BANK |
UDUPI BRANCH,
UDUPI, KARNATAKA - 576102, INDIA |
B18143248 |
|
15 |
10257430 |
22/11/2010 |
1,010,000,000.00 |
SYNDICATE BANK |
MANIPAL MAIN
BRANCH, MANIPAL, KARNATAKA - 576104, INDIA |
B02400091 |
|
16 |
10283664 |
01/10/2010 |
200,000,000.00 |
SYNDICATE BANK |
MANIPAL MAIN
BRANCH, MANIPAL, KARNATAKA - 576104, INDIA |
B02400307 |
|
17 |
10165213 |
26/06/2009 |
37,000,000.00 |
SYNDICATE BANK |
MANIPAL MAIN
BRANCH, MANIPAL, KARNATAKA - 576104, INDIA |
A65168056 |
|
18 |
10519992 |
06/04/2009 |
9,400,000.00 |
SYNDICATE BANK |
MANIPAL BRANCH,
MANIPAL, KARNATAKA - 576104, INDIA |
C03888054 |
|
19 |
10517521 |
04/12/2008 |
270,600,000.00 |
SYNDICATE BANK |
MANIPAL BRANCH,
MANIPAL, KARNATAKA - 576104, INDIA |
C03878162 |
|
20 |
10106447 |
14/05/2008 |
200,000,000.00 |
SYNDICATE BANK |
MANIPAL MAIN
BRANCH, MANIPAL, KARNATAKA - 576104, INDIA |
A40006009 |
|
21 |
10106470 |
14/05/2008 |
288,000,000.00 |
SYNDICATE BANK |
MANIPAL MAIN
BRANCH, MANIPAL, KARNATAKA - 576104, INDIA |
A40006488 |
|
22 |
10073978 |
18/09/2007 |
310,000,000.00 |
SYNDICATE BANK |
MANIPAL MAIN
BRANCH, MANIPAL, KARNATAKA - 576104, INDIA |
A26263418 |
|
23 |
10035374 |
05/01/2007 |
492,000.00 |
SYNDICATE BANK |
MANIPAL BRANCH,
MANIPAL, KARNATAKA - 576104, INDIA |
A10190049 |
|
24 |
10035375 |
03/01/2007 |
217,000,000.00 |
SYNDICATE BANK |
MANIPAL BRANCH,
MANIPAL, KARNATAKA - 576104, INDIA |
A10190510 |
|
25 |
10028842 |
05/12/2006 |
16,000,000.00 |
SYNDICATE BANK |
MANIPAL MAIN
BRANCH, MANIPAL, KARNATAKA - 576104, INDIA |
A08058349 |
|
26 |
10005889 |
03/06/2006 |
63,000,000.00 |
SYNDICATE BANK |
MANIPAL BRANCH,
MANIPAL, KARNATAKA - 576104, INDIA |
A01602903 |
* Date of charge modification
OVERVIEW
The Company’s Gross Revenue increased from Rs 4188.500
Millions to Rs 4664.100 Millions during the year posting a growth of 11.36%.
The Operating profit for the year increased to Rs 856.200 Millions from Rs
721.400 Millions in the previous year. Depreciation and Finance charges went up
marginally. The Profit before exceptional items almost doubled to Rs.230.600
Millions from Rs. 125.800 Millions. However Profit before tax stood
lower at Rs 53.400 Millions as against Rs.64.700 Millions in the previous year.
The reduction in Profit before tax is mainly on account of exchange difference
arising out of highly volatile foreign currency market and also on account of
steep depreciation of the Rupee. The company has formed a Risk Management
Committee to monitor and take appropriate decisions to mitigate unforeseen
foreign currency risks to avoid such risks in future. The Company has also
substantially reduced the foreign currency Exposure.
The Profit after Tax after adjusting for exceptional items
stood at Rs. 33.900 Millions as against Rs. 39.200 Millions in the previous
year.
The Company continues to explore Exports to European and
other markets to maximize earnings in foreign currency.
The volume was higher than anticipated from UIDAI (Unique Identification Authority of India) and company got large orders due to requirement of CTS (Cheque Truncation System) compliant cheque books. The company also procured large tenders for text book printing during the year. However there was a drop in labels business. The company won many awards during the year like winners of Print week ‘Consumer magazine printer of the year’, Won ‘Asian Print Award - Silver’ in leaflets, Flyers and Brochures, Won ‘National Award for excellence in printing‘ Gold in magazine, Won Sudhir Gupta Award for ‘Best Web Offset Printer of the Year’ and ‘Best Printing on Indigenous Paper’.
PROJECTIONS FOR THE
YEAR 2014-15
The Company has set a Revenue target of Rs.7029.700 Millions
for the year 2014-15 and has identified certain businesses which will be key
drivers for the growth during the year.
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
a) Letter of Credit |
200.386 |
67.899 |
|
b) Bank Guarantees |
100.015 |
39.680 |
|
c) In respect of Guarantees given for loans taken by the following
companies from Banks:- |
|
|
|
(i) Manipal International Printing Press Limited, Kenya (Guarantee given in US$ 48,61,374 P Y US$ 48,61,374) |
291.294 |
263.924 |
|
(ii) MCT Cards & Technology Private Limited, Manipal |
422.093 |
393.485 |
|
(iii) Universal Print Systems Limited, Chennai |
179.484 |
179.484 |
|
(iv) Genesis Packaging Private Limited, Manipal |
0.000 |
40.470 |
|
(v) Manipal Business Solutions Private Limited |
85.000 |
50.000 |
|
(vi) Manipal Utility Packaging Solutions Private Limited |
807.500 |
0.000 |
|
(vii) Manipal International Press Limited, Nigeria |
177.870 |
0.000 |
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Factory equipments
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
·
Computer equipments
PRESS RELEASE
MANIPAL TECHNOLOGIES LAUNCHES PACKAGING
COMPANY
MANGALORE, JUNE 2:
Manipal Technologies
Limited (MTL) has launched a packaging company — Manipal Utility Packaging
Solutions Private Limited (MUPSPL).
A press statement
said here on Monday that this new entity combines Utility Printpack Private
Limited (UPPL) businesses and manufacturing operations in Ahmedabad with
Manipal’s packaging businesses at Manipal, Chennai, Kenya and Nigeria.
Quoting Gautham Pai,
Managing Director of Manipal Technologies Ltd, it said: “Packaging solution is
identified as one of our high growth businesses for the future. With MUPSPL, we
have built a robust foundation of a global packaging business spanning emerging
markets in Asia, Africa and Middle East. Our investment in creating such
capabilities further reinforces our vision and commitment towards focused
growth in the packaging business in India and globally.”
Manoj Mehta,
Chairman of UPPL, said that MUPSPL will provide a resounding resource to its
combined customers in India and over 40 countries worldwide with added
manufacturing capacities, capabilities, geographic spread and a range of
innovative packaging solutions and technologies.
MUPSPL will provide
customers a unique platform with multi-location production facilities and offer
a larger gamut of products and services, it said.
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. 62.61 |
|
|
1 |
Rs. 92.95 |
|
Euro |
1 |
Rs. 68.15 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
44 |
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.