MIRA INFORM REPORT
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Report No. : |
321876 |
|
Report Date : |
09.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
GEM PAINTS PRIVATE LIMITED |
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Registered
Office : |
417/418, 11th Cross, 4th Phase Peenya Industrial
Area, Bangalore – 560058, Karnataka |
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Tel No.: |
91-80-42552555 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
24.01.1980 |
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Com. Reg. No.: |
08-003715 |
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Capital Investment
/ Paid-up Capital : |
Rs.19.993 Million |
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CIN No.: [Company Identification
No.] |
U24220KA1980PTC003715 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACG5035A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of all type of Paints. |
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No. of Employees
: |
240 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Maximum Credit Limit : |
USD 2214000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having good track record. The rating reflects company sound financial risk profile marked by
healthy net worth position and decent profitability of the company. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitment. The company can be considered normal 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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 PARTED BY
|
Name : |
Mr. Srinivasa Rao |
|
Designation : |
Finance Head |
|
Contact No.: |
91-80-42552555 |
|
Date : |
08.05.2015 |
LOCATIONS
|
Registered Office : |
417 / 418, 11th Cross, 4th Phase Peenya Industrial
Area, Bangalore – 560058, Karnataka, India |
|
Tel. No.: |
91-80-42552555 |
|
Mobile No.: |
91-9731155566 (Mr. Nalin Gandotra) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory |
# B-266, 2nd Stage, Peenya Industrial Estate, Bangalore – 560058, Karnataka, India Subject have 5
Factories 1] Dobas Peth Industrial area 2] Nelamngalam 3] Other 3 is in Peenya Industrial Area |
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Branch Office: |
Located at : · Tamilnadu · Karnataka · Kerala |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Pratibha Gandotra |
|
Designation : |
Whole-time director |
|
Address : |
1265, 11 Cross, 9th Main, W.C.R. 2nd Stage,
Mahalakshmipuram, Bangalore – 560086, Karnataka, India |
|
Date of Birth/Age : |
11.01.1955 |
|
Date of Appointment : |
25.02.1981 |
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PAN No.: |
AGOPG9481D |
|
DIN No.: |
00049324 |
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|
Name : |
Mr. Anand Sarup Gandotra |
|
Designation : |
Managing Director |
|
Address : |
1265, 11 Cross, 9th Main, W.C.R. 2nd Stage,
Mahalakshmipuram, Bangalore – 560086, Karnataka, India |
|
Date of Birth/Age : |
17.08.1946 |
|
Date of Appointment : |
24.01.1980 |
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PAN No.: |
ACQPG1358P |
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DIN No.: |
00049342 |
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|
Name : |
Mr. Nalin Gandotra |
|
Designation : |
Whole-time director |
|
Address : |
1265, 11 Cross, 9th Main, W.C.R. 2nd Stage,
Mahalakshmipuram, Bangalore – 560086, Karnataka, India |
|
Date of Birth/Age : |
25.06.1980 |
|
Date of Appointment : |
16.05.2005 |
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DIN No.: |
00049362 |
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Name : |
Mr. Ashwani Gandotra |
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Designation : |
Whole-time director |
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Address : |
1763, 8th Cross, 6th A Main, Near Pavan Garden
R. P. C. Layout, Vijayanagar, Bangalore – 560040, Karnataka, India |
|
Date of Birth/Age : |
14.12.1960 |
|
Date of Appointment : |
16.05.2005 |
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PAN No.: |
ACQPG1359N |
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DIN No.: |
00049386 |
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Name : |
Ms. Payal Thatte |
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Designation : |
Whole-time director |
|
Address : |
1265, 11 Cross, 9th Main, W.C.R. 2nd Stage, Mahalakshmipuram,
Bangalore – 560086, Karnataka, India |
|
Date of Birth/Age : |
18.12.1981 |
|
Date of Appointment : |
25.05.2007 |
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PAN No.: |
AGOPG9480C |
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DIN No.: |
01518061 |
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|
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Name : |
Mr. Nitin Gandotra |
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Designation : |
Whole-time director |
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Address : |
No.1265, 11 Cross, 9th Main, W.C.R. 2nd Stage,
Mahalakshmipuram, Bangalore – 560086, Karnataka, India |
|
Date of Birth/Age : |
10.03.1986 |
|
Date of Appointment : |
30.09.2009 |
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PAN No.: |
AJHPG7860L |
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DIN No.: |
02591037 |
KEY EXECUTIVES
|
Name : |
Mr. Srinivasa Rao |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Name of
Shareholders |
No of
Shares |
%age |
|
Anand Sarup Gandotra |
106228 |
53.13 |
|
Pratibha Gandotra |
48218 |
24.12 |
|
Ashwani Gandotra |
14324 |
7.16 |
|
Anand Sarup Gandotra (HUF) |
2435 |
1.22 |
|
Nalin Gandotra |
8725 |
4.36 |
|
Nitin Gandotra |
10000 |
5.00 |
|
Payal Thatte |
10000 |
5.00 |
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|
|
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Total
|
199930 |
100.00 |
As on 27.02.2015
|
Name of Allottee |
No of
Shares |
|
A S Gandotra |
690482 |
|
Pratibha Gandotra |
313417 |
|
Ashwani Gandotra |
93106 |
|
A S Gandotra (HUF) |
15827 |
|
Nalin Gandotra |
56713 |
|
Nitin Gandotra |
65000 |
|
Payal Thatte |
65000 |
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Total
|
1299545 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
98.78 |
|
Other top fifty shareholders |
1.22 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of all type of Paints. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Paints |
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Countries : |
Sweden |
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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 : |
Cheque and Credit |
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Purchasing : |
Cheque and Credit |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEM’s
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No. of Employees : |
240 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
J
. Ni t i sh & Associates Chartered Accountants |
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Address : |
1/1,
2nd Floor, Radha Krishna Complex, Dr. Rajkumar Road, 6th Block, Rajajinagar,
Bangalore - 560 010, Karnataka, India |
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PAN
No. : |
AGKPN4626M |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates / Subsidiaries : |
Nil |
CAPITAL STRUCTURE
After 30.09.2014
Authorised Capital : Rs. 250.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 149.947
Million
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
199930 |
Equity Shares |
Rs.100/- each |
Rs.19.993 Million |
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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 |
19.993 |
19.993 |
19.993 |
|
(b) Reserves & Surplus |
755.172 |
638.409 |
527.078 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
775.165 |
658.402 |
547.071 |
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(3) Non-Current
Liabilities |
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|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax liabilities (Net) |
1.938 |
2.430 |
2.174 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1.938 |
2.430 |
2.174 |
|
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(4) Current Liabilities |
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|
(a) Short
term borrowings |
7.637 |
9.692 |
21.189 |
|
(b) Trade
payables |
68.771 |
59.581 |
50.093 |
|
(c) Other
current liabilities |
14.297 |
13.314 |
13.314 |
|
(d) Short-term
provisions |
70.173 |
62.124 |
47.565 |
|
Total Current
Liabilities (4) |
160.878 |
144.711 |
132.161 |
|
|
|
|
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TOTAL |
937.981 |
805.543 |
681.406 |
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
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(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
123.930 |
135.056 |
139.693 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.030 |
0.030 |
0.030 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.995 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
123.960 |
135.086 |
140.718 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
145.144 |
119.607 |
82.111 |
|
(c) Trade
receivables |
161.056 |
147.253 |
125.214 |
|
(d) Cash
and cash equivalents |
414.765 |
323.412 |
277.527 |
|
(e) Short-term
loans and advances |
93.056 |
80.185 |
55.836 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
814.021 |
670.457 |
540.688 |
|
|
|
|
|
|
TOTAL |
937.981 |
805.543 |
681.406 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
924.870 |
854.519 |
|
|
|
Other Income |
|
27.050 |
19.933 |
|
|
|
TOTAL |
1229.267 |
951.920 |
874.452 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
631.470 |
602.388 |
|
|
|
Purchases of Stock-in-Trade |
|
0.000 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(14.608) |
2.789 |
|
|
|
Employees benefits expense |
|
41.371 |
35.271 |
|
|
|
Other expenses |
|
101.844 |
87.479 |
|
|
|
TOTAL |
1042.301 |
760.077 |
727.927 |
|
|
|
|
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|
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|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
191.843 |
146.525 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.636 |
0.778 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
191.207 |
145.747 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
17.496 |
18.133 |
|
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|
|
|
|||
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PROFIT BEFORE EXCEPTIONAL, EXTRAORDINARY ITEMS AND TAX |
186.966 |
173.711 |
127.614 |
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|
Less |
EXTRAORDINARY ITEMS |
0.119 |
0.000 |
0.907 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
186.847 |
173.711 |
126.707 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
63.832 |
56.571 |
41.618 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
123.015 |
117.140 |
85.089 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
615.29 |
585.91 |
425.60 |
|
|
Particulars |
|
|
31.03.2015 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
1500.000 |
|
|
|
|
|
The above information has been parted by Mr. Srinivasa Rao
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA |
12.67 |
9.96 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
NA |
20.74 |
17.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.92 |
21.57 |
18.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.26 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.01 |
0.01 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.06 |
4.63 |
4.09 |
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 |
19.993 |
19.993 |
19.993 |
|
Reserves & Surplus |
527.078 |
638.409 |
755.172 |
|
Net worth |
547.071 |
658.402 |
775.165 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
21.189 |
9.692 |
7.637 |
|
Total borrowings |
21.189 |
9.692 |
7.637 |
|
Debt/Equity ratio |
0.039 |
0.015 |
0.010 |
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) |
|
Total Income |
874.452 |
951.920 |
1229.267 |
|
|
|
8.859 |
29.136 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
874.452 |
951.920 |
1229.267 |
|
Profit |
85.089 |
117.140 |
123.015 |
|
|
9.73% |
12.31% |
10.01% |
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 |
No |
|
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 |
----- |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE:
The registered address of the company has been shifted from No.403/404,
2nd Floor, Chord Road Plaza, 20th Main 1st
Block, Rajajinagar, Bangalore – 560010, Karnataka, India to the present address
w.e.f 01.04.2009
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
90191286 |
07/04/1997 * |
220,000.00 |
STATE BANK OF INDIA |
BANGALORE BRANCH, BANGALORE, Karnataka,
INDIA |
- |
|
2 |
80063347 |
25/02/1992 |
3,800,000.00 |
STATE BANK OF MYSORE |
KG ROAD, BANGALORE, Karnataka - 560009,
INDIA |
- |
|
3 |
90190844 |
04/04/2015 * |
65,000,000.00 |
State Bank of Mysore |
No. 646, Kempegowda Road, Interalia Ba'lore
Branch, 644/645, Avenue Road, Bangalore, Karnataka - 560254, INDIA |
C51656312 |
* Date of charge modification
BUSINESS
OPERATIONS OVERVIEW & OUTLOOK
The Company depicted considerable stability in its performance during the year under review that can be attributed to focused operations excellence, quality; innovation and working closely with the customers to provide product solutions that meet their specific requirements. The Directors are confident of further improving the performance of the Company by implementation of conservative operating plans for the year ahead with continued focus on cost management to meet the challenges posed by the competitive business environment.
FIXED ASSETS
v Land
v Buildings
v Plant and Equipment
v Furniture and Fixtures
v Vehicles
v Office Equipment
v Computer Equipments
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.64.05 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIV |
|
|
|
|
Analysis Done by
: |
SVA |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
-- PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
63 |
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.