MIRA INFORM REPORT
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Report No. : |
322415 |
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Report Date : |
15.05.2015 |
IDENTIFICATION DETAILS
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Name : |
NEOTERIC INFOMATIQUE LIMITED (w.e.f. 25.02.2008) |
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Formerly Known
As : |
NEOTERIC INFOMATIQUE PRIVATE LIMITED (w.e.f. May 2002) NEOTERIC INFOMATIQUE LIMITED (w.e.f. 01.07.2000) NEOTERIC INFOMATIQUE PRIVATE LIMITED |
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Registered
Office : |
Unit No. U0201, Floor – 2, Plot – 249, A Wing, Matulya Centre,
Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra |
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Tel. No.: |
91-22-40859616 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
21.03.1997 |
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Com. Reg. No.: |
11-106787 |
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Capital
Investment / Paid-up Capital : |
Rs. 125.900 Million |
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CIN No.: [Company Identification
No.] |
U30007MH1997PLC106787 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN05580B |
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PAN No.: [Permanent Account No.] |
AAACN3140K |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Trader, Dealer and Distributor of Computer Peripherals,
Scanners, Casting, Monitors, etc. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
B (30) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating reflects company moderate financial risk profile marked by
low profit margin and huge borrowings recorded by the company. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
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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
|
Rating Agency Name |
CARE |
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Rating |
Long term bank facilities: BB+ (Suspended) |
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Rating Explanation |
Moderate risk of default. |
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Date |
07.04.2015 |
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Rating Agency Name |
CARE |
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Rating |
Short term bank facilities:A4+(Suspended) |
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Rating Explanation |
Minimal degree of safety and carry very high credit risk. |
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Date |
07.04.2015 |
Reasons suspended: The rating have been suspended as the company has not
furnished information required to carry out rating.
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 (GENERAL DETAILS)
|
Name : |
Mr. Mahesh Bhave |
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Designation : |
Senior Executive Finance |
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Contact No.: |
91-22-40859616 |
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Date : |
13.05.2015 |
LOCATIONS
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Registered Office : |
Unit No. U0201, Floor – 2, Plot – 249, A Wing, Matulya Centre, Senapati
Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India |
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Tel. No.: |
91-22-40859616 / 40859600 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website: |
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Branch Office: |
Located at
36 Branches in India |
DIRECTORS
As on 30.09.2014
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Name : |
Mr. Paras H Shah |
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Designation : |
Managing director |
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Address : |
1402, Rajul Apartment, 9, Harkness Road, Mumbai – 400006, Maharashtra,
India |
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Qualification : |
Computer Engineer from Case Western Reserve University,
USA |
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Date of Appointment : |
01.12.2010 |
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DIN No. : |
00151509 |
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Name : |
Mr. Harshad D Shah |
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Designation : |
Whole–time director |
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Address : |
1402, Rahul Apartment, 9, Harkness Road, Mumbai – 400006, Maharashtra,
India |
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Qualification : |
Intermediate |
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Date of Appointment : |
01.01.2012 |
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DIN No. : |
00151651 |
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Name : |
Mr. Satya Prasan Rajguru |
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Designation : |
Director |
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Address : |
6/11, Sarvapriya Vihar, New Delhi – 110016, India |
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Qualification : |
Business and Law Graduate |
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Date of Appointment : |
21.10.2005 |
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DIN No. : |
00865254 |
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Name : |
Mr. Srinivasan Ramswamy |
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Designation : |
Director |
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Address : |
B-703/704, Suresh Smruti, Prathmesh Complex, Veera Desai Road, Andheri
(West), Mumbai, Maharashtra, India |
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Qualification : |
MBA |
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Date of Appointment : |
01.03.2006 |
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DIN No. : |
02019206 |
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Name : |
Mr. Hemant Nerurkar |
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Designation : |
Director |
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Address : |
5, Swapan Lok Darshan, Military Road, Marol, Mumbai – 400059,
Maharashtra, India. |
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Qualification : |
Master of Science in Electrical Engineering |
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Date of Appointment : |
29.11.2008 |
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DIN No. : |
00627401 |
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Name : |
Mr. Jayant Rastogi |
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Designation : |
Director |
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Address : |
Flat No. 1403, 14th Floor, Greenwood, Hiranandani Estate, Pokhran GB
Road, Thane (West) – 400607, Maharashtra, India |
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Qualification : |
B. E. (Mech.) |
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Date of Appointment : |
01.03.2006 |
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DIN No. : |
02129608 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
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Bodies corporate |
8.03 |
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Directors or relatives of Directors |
91.68 |
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Other top fifty shareholders |
0.29 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader, Dealer and Distributor of Computer Peripherals,
Scanners, Casting, Monitors, etc. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Finished Good |
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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 |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
Opera House Branch, Tejura Chambers, 365/367, V.P. Road, Opera House, Mumbai – 400004, Maharashtra, India
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Facilities : |
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Financial Institute: |
Tata Capital Financial Services Limited, One Forbes, r. V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India |
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Auditors : |
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Name : |
Chaturvedi Sohan and company Chartered Accountants |
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Address : |
320, Tulsiani Chambers 212, Free Press Journal Marg, Nariman Point,
Mumbai – 400021, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AABFC7158A |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives: |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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18000000 |
Equity Shares |
Rs.10/- each |
Rs.180.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
12590439 |
Equity Shares |
Rs.10/- each |
Rs.125.900 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
125.900 |
114.540 |
114.540 |
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(b) Reserves & Surplus |
445.040 |
385.760 |
402.830 |
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(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) |
570.940 |
500.300 |
517.370 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
124.810 |
121.780 |
0.000 |
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(b) Deferred tax liabilities
(Net) |
13.120 |
7.740 |
4.410 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
137.930 |
129.520 |
4.410 |
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(4) Current Liabilities |
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(a) Short term borrowings |
2062.740 |
1946.390 |
1824.470 |
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(b) Trade payables |
1041.400 |
811.250 |
873.160 |
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(c) Other current liabilities |
125.890 |
233.840 |
154.530 |
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(d) Short-term provisions |
10.480 |
9.970 |
15.760 |
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Total
Current Liabilities (4) |
3240.510 |
3001.450 |
2867.920 |
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TOTAL |
3949.380 |
3631.270 |
3389.700 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
255.570 |
249.110 |
38.710 |
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(ii) Intangible Assets |
7.210 |
8.260 |
0.000 |
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(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
19.220 |
16.720 |
16.720 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
26.190 |
23.010 |
20.320 |
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(e) Other Non-current assets |
0.000 |
0.000 |
4.870 |
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Total
Non-Current Assets |
308.190 |
297.100 |
80.620 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
1629.120 |
1446.080 |
1500.780 |
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(c) Trade receivables |
1484.430 |
1552.740 |
1478.080 |
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(d) Cash and cash equivalents |
186.740 |
93.570 |
99.720 |
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(e) Short-term loans and
advances |
333.520 |
241.780 |
115.960 |
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(f) Other current assets |
7.380 |
0.000 |
114.540 |
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Total
Current Assets |
3641.190 |
3334.170 |
3309.080 |
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TOTAL |
3949.380 |
3631.270 |
3389.700 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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Income |
13349.030 |
11985.930 |
14513.170 |
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Other Income |
8.190 |
0.500 |
22.650 |
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TOTAL
(A) |
13357.220 |
11986.430 |
14535.820 |
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Less |
EXPENSES |
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Cost of Materials Consumed |
12679.940 |
11441.960 |
14109.900 |
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Changes in Inventories of finished goods, work-in-progress
and stock-in-trade |
0.000 |
0.000 |
(420.880) |
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Employees benefits expense |
171.920 |
218.920 |
271.150 |
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Other expenses |
191.880 |
144.450 |
277.140 |
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Exceptional Items |
0.000 |
0.000 |
(6.010) |
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Prior period items |
9.070 |
0.000 |
0.000 |
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TOTAL
(B) |
13052.810 |
11805.330 |
14231.300 |
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Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
304.410 |
181.100 |
304.520 |
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Less |
FINANCIAL
EXPENSES (D) |
248.410 |
184.160 |
211.680 |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
56.000 |
(3.060) |
92.840 |
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Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
17.610 |
9.930 |
7.710 |
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PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
38.390 |
(12.990) |
85.130 |
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Less |
TAX (H) |
17.760 |
4.080 |
27.670 |
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PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
20.630 |
(17.070) |
57.460 |
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Earnings
/ (Loss) Per Share (Rs.) |
1.80 |
(1.49) |
5.02 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.15 |
(0.14) |
0.40 |
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Operating Profit Margin (PBIDT/Sales) |
(%) |
2.28 |
1.51 |
2.10 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
0.98 |
(0.36) |
2.52 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
(0.03) |
0.16 |
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Debt Equity Ratio (Total Debt /Networth) |
|
3.83 |
4.13 |
3.53 |
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Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.11 |
1.15 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
114.540 |
114.540 |
125.900 |
|
Reserves & Surplus |
402.830 |
385.760 |
445.040 |
|
Net
worth |
517.370 |
500.300 |
570.940 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
121.780 |
124.810 |
|
Short term borrowings |
1824.470 |
1946.390 |
2062.740 |
|
Total
borrowings |
1824.470 |
2068.170 |
2187.550 |
|
Debt/Equity
ratio |
3.526 |
4.134 |
3.831 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
14513.170 |
11985.930 |
13349.030 |
|
|
|
(17.413) |
11.373 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
14513.170 |
11985.930 |
13349.030 |
|
Profit |
57.460 |
(17.070) |
20.630 |
|
|
0.40% |
(0.14%) |
0.15% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Million) |
||
|
Current maturities of long-term debt |
NA |
15.720 |
0.700
|
|
|
|
|
|
|
Total |
NA |
15.720 |
0.700
|
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Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
No |
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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 |
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 |
Yes |
NOTE: The Registered office
of the company has been shifted 249, A Wing, Matulya Centre, Matulya Mill Comp,
Senapati Bapat Marg, Delisle Road, Lower Parel, Mumbai – 400013, Maharashtra
India to the present address w.e.f. 21.08.2013
OPERATIONAL
PERFORMANCE
For the year ended 31st March, 2014, the company has achieved Sales turnover of Rs. 13349.300 Million against Rs.11985.930 Million for the period ended 31st March, 2013. In current year the company has made profit of Rs. 20.640 Million compare to loss of Rs. 17.070 Million for the period ended 31st March, 2013.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from others |
223.640 |
157.940 |
|
Total |
223.640 |
157.940 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10562738 |
16/03/2015 |
275,000,000.00 |
INDUSIND BANK LTD. |
2401 GEN THIMMAYYA
ROAD, CONTONMENT, PUNE, MAHARA |
C50629286 |
|
2 |
10382845 |
11/02/2013 * |
50,000,000.00 |
UNION BANK OFINDIA |
OPERA HOUSE
BRANCH,, TEJURA CHAMBERS,365/367, V.P |
B70447776 |
|
3 |
10353373 |
02/05/2014 * |
200,000,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES, DR. V.
B. GANDHI MARG, FORT, MUMBAI, |
C05596846 |
|
4 |
10192808 |
01/06/2011 * |
110,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHA |
B15261464 |
|
5 |
10098043 |
10/04/2015 * |
410,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDR A (E), MUMBAI, MAHARASHTRA - 400051, INDIA |
C50926104 |
|
6 |
10084589 |
19/12/2007 |
50,000,000.00 |
UNION BANK OF INDIA |
OPERA HOUSE BRANCH, TEJURA CHAMBERS,, 365-367, V. P.ROAD, OPERA HOUSE,, MUMBAI, MAHARASHTRA - 400004 , INDIA |
A31031529 |
|
7 |
10026595 |
02/05/2011 * |
310,000,000.00 |
STANDARD CHARTERED BANK |
90, M G ROAD, FORT,
MUMBAI, MAHARASHTRA - 400001, |
B12624367 |
|
8 |
90144770 |
31/05/2008 * |
100,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A40760118 |
|
9 |
90144225 |
30/03/2015 * |
500,000,000.00 |
UNION BANK OF INDIA |
OPERA HOUSE BRANCH,, TEJURACHAMBERS,365/367,V.P. ROAD, MUMBAI, MAHARASHTRA - 400004, INDIA |
C51554095 |
|
10 |
90142056 |
30/03/2015 * |
850,000,000.00 |
UNION BANK OF INDIA |
OPERA HOUSE
BRANCH,, TEJURA CHAMBERS,365/367,V.P. |
C51553139 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer 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.63.84 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.72.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
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 |
|
30 |
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.