MIRA INFORM REPORT
|
Report No. : |
320164 |
|
Report Date : |
26.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
MIL INDIA LIMITED |
|
|
|
|
Formerly Known
As : |
MAZZINDIA PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Unit No.3F/307, Mamram East Plaza, Plot No.C-1 and 2, LSC Block G,
Kondli, Gharoli, New Delhi – 110096 |
|
Tel. No.: |
91-120-4766100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.03.1986 |
|
|
|
|
Com. Reg. No.: |
55-023524 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.570 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52111DL1986PLC023524 |
|
|
|
|
IEC No.: |
0590008919 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCM4710E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of plants and equipment for the soap, detergent, fatty
acid and glycerine. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
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 |
|
Maximum Credit Limit : |
USD 970000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by
adequate liquidity position and decent profitability margins of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 DECLINED BY
|
Name : |
Mr. Rajeev |
|
Designation : |
Accountant |
|
Contact No.: |
91-120-4766100 |
|
Date : |
05.05.2015 |
LOCATIONS
|
Registered Office : |
Unit No.3F/307, Mamram East Plaza, Plot No.C-1 and 2, LSC Block G,
Kondli, Gharoli, New Delhi – 110096, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
W-31, Sector-11, Noida-201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2536772/ 2536773/ 4766100/ 4766100 |
|
Fax No.: |
91-120-2553342/ 2542103 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Plot No. 60-63, Sector 5, IIE Ranipur, BHEL, Haridwar, Uttaranchal,
India |
DIRECTORS
AS ON 25.08.2014
|
Name : |
Mr. Shridhar Krishnan |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-45, Sector-33, Noida – 201301, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.12.1957 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Sc. (Hons.) |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
04.03.1986 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00214754 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sukh Ram Binyani |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole - Time Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-700 Sarita Vihar, New Delhi – 110042, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.06.1953 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.10.1999 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00105205 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ram Mohan Subramanian |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole - Time Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-45, Sector-33, Noida – 201301, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
27.02.1954 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.09.1995 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00214985 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Rajeev |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.08.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
K. S. Krishnan |
50000 |
5.22 |
|
Lalita Krishnan |
50000 |
5.22 |
|
Shridhar Krishnan |
516239 |
53.94 |
|
S. Ram Mohan |
2000 |
0.21 |
|
Shravan Krishnan |
500 |
0.05 |
|
Shruti Krishnan |
500 |
0.05 |
|
S. R. Binyani |
2000 |
0.21 |
|
Punam Krishnan |
335789 |
35.09 |
|
Total |
957028 |
100.00 |
AS ON 25.08.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
|
|
|
Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of plants and equipment for the soap, detergent, fatty
acid and glycerine. |
|
|
|
|
Products/ Services : |
Not Available |
|
|
|
|
Brand Names : |
--- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Not Divulged |
|
Countries : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Not Divulged |
|
Countries : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Small Industries Development Bank of India SIDBI Tower, 15 Ashok Marg, Lucknow-226001, Uttar Pradesh, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
NOTE: LONG TERM
BORROWINGS Borrowings which are payable within 12 months after the Balance Sheet date are classified as Short term borrowings. Borrowing from SIDBI in addition to collateral security also secured by the personal guarantee of Managing Director Mr. Shridhar Krishnan. SHORT TERM BORROWINGS Borrowing from SIDBI are also secured by the personal
guarantee of Managing Director Mr. Shridhar Krishnan. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mishra Sahu Jain and Associates Chartered Accountants |
|
Address : |
27, Akbar Road, New Delhi - 110011, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAJFM9630P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Related Parties
/Relatives or Enterprises of Key Management Personnel : |
Pangeaneering Services |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5200000 |
Equity Shares |
Rs. 10/- each |
Rs. 52.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
957.028 |
Equity Shares |
Rs. 10/- each |
Rs. 9.570 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
9.570 |
9.570 |
9.295 |
|
(b) Reserves & Surplus |
331.674 |
263.772 |
209.840 |
|
(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) |
341.244 |
273.342 |
219.135 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
7.965 |
10.319 |
10.875 |
|
(b) Deferred tax liabilities (Net) |
1.426 |
1.014 |
1.436 |
|
(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) |
9.391 |
11.333 |
12.311 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
42.655 |
20.447 |
41.863 |
|
(b)
Trade payables |
66.110 |
53.239 |
62.285 |
|
(c)
Other current liabilities |
156.968 |
160.513 |
123.364 |
|
(d)
Short-term provisions |
56.715 |
51.131 |
27.182 |
|
Total
Current Liabilities (4) |
322.448 |
285.330 |
254.694 |
|
|
|
|
|
|
TOTAL |
673.083 |
570.005 |
486.140 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
70.066 |
70.624 |
75.772 |
|
(ii)
Intangible Assets |
4.499 |
6.295 |
2.659 |
|
(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 |
10.000 |
0.000 |
2.500 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
1.600 |
1.439 |
1.439 |
|
(e)
Other Non-current assets |
0.000 |
36.666 |
45.563 |
|
Total
Non-Current Assets |
86.165 |
115.024 |
127.933 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
167.157 |
131.266 |
115.562 |
|
(c)
Trade receivables |
86.777 |
104.526 |
69.645 |
|
(d)
Cash and cash equivalents |
267.469 |
165.698 |
133.889 |
|
(e)
Short-term loans and advances |
60.161 |
51.648 |
37.366 |
|
(f)
Other current assets |
5.354 |
1.843 |
1.745 |
|
Total
Current Assets |
586.918 |
454.981 |
358.207 |
|
|
|
|
|
|
TOTAL |
673.083 |
570.005 |
486.140 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
784.412 |
615.689 |
436.856 |
|
|
|
Other Income |
36.250 |
29.715 |
25.741 |
|
|
|
TOTAL (A) |
820.662 |
645.404 |
462.597 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
445.346 |
288.203 |
245.381 |
|
|
|
Purchases of Stock-in-Trade |
3.055 |
69.055 |
16.992 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(27.556) |
(12.638) |
(24.071) |
|
|
|
Employees benefits expense |
121.566 |
105.454 |
86.893 |
|
|
|
Extraordinary Items |
0.000 |
0.761 |
0.000 |
|
|
|
Other expenses |
161.980 |
111.246 |
103.737 |
|
|
|
TOTAL (B) |
704.391 |
562.081 |
428.932 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
116.271 |
83.323 |
35.502 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.378 |
5.662 |
5.982 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
110.893 |
77.661 |
29.520 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.874 |
11.713 |
9.658 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
99.019 |
65.948 |
19.862 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
19.921 |
13.535 |
4.901 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
79.098 |
52.413 |
14.961 |
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods and Services |
377.518 |
349.808 |
340.671 |
|
|
TOTAL EARNINGS |
377.518 |
349.808 |
340.671 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
2.662 |
14.787 |
|
|
TOTAL IMPORTS |
0.000 |
2.662 |
14.787 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
82.65 |
56.36 |
15.97 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
1.990 |
54.913 |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
10.08 |
8.51 |
3.41 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
14.82 |
13.53 |
8.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.93 |
11.57 |
4.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.24 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.15 |
0.11 |
0.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.82 |
1.59 |
1.41 |
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 |
9.295 |
9.570 |
9.570 |
|
Reserves & Surplus |
209.840 |
263.772 |
331.674 |
|
Net
Worth |
219.135 |
273.342 |
341.244 |
|
|
|
|
|
|
Long-term Borrowings |
10.875 |
10.319 |
7.965 |
|
Short-term Borrowings |
41.863 |
20.447 |
42.655 |
|
Total
Borrowings |
52.738 |
30.766 |
50.620 |
|
Debt/Equity
Ratio |
0.241 |
0.113 |
0.148 |
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) |
|
Total Income |
436.856 |
615.689 |
784.412 |
|
|
|
40.936 |
27.404 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
436.856 |
615.689 |
784.412 |
|
Profit |
14.961 |
52.413 |
79.098 |
|
|
3.42% |
8.51% |
10.08% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10566240 |
19/06/2014 |
120,000,000.00 |
CANARA BANK |
36-37. COMMUNITY CENTRE, EAST OF KAILASH, DELHI- 110065, INDIA |
C49747124 |
|
2 |
10428743 |
02/04/2013 |
1,800,000.00 |
CANARA BANK |
36-37, COMMUNITY CENTRE,, EAST OF KAILASH, NEW DE |
B76116227 |
|
3 |
10334492 |
19/01/2012 |
15,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
C-60,, SECTOR-2, NOIDA -201301, UTTARPRADESH, INDIA |
B31648322 |
|
4 |
10017326 |
21/08/2006 * |
145,880,800.00 |
CANARA BANK |
COMMUNITY CENTRE, EAST OF KAILASH, NEW DELHI, DEL |
A03680766 |
|
5 |
10090692 |
28/05/2008 * |
5,000,000.00 |
CANARA BANK |
COMMUNITY CENTER, EAST OF KAILASH, NEW DELHI, DEL |
A40022766 |
|
6 |
90064671 |
28/05/2008 * |
4,600,000.00 |
CANARA BANK |
COMMUNITY CENTER, EAST OF KAILASH, NEW DELHI, DEL |
A40023632 |
|
7 |
90064469 |
16/04/2007 * |
10,000,000.00 |
CANARA BANK |
COMMUNITY CENTRE, EAST OF KAILASH, NEW DELHI, DEL |
- |
|
8 |
80000727 |
28/05/2008 * |
3,000,000.00 |
CANARA BANK |
COMMUNITY CENTER, EAST OF KAILASH, NEW DELHI, DEL |
A40023012 |
* Date of charge
modification
GENERAL
INFORMATION:
MIL INDIA LIMITED (‘the company’) was incorporated on March 04, 1986 under the provisions of the Companies Act, 1956. It commenced its business operation in the year 1986. The business activities of the Company is manufacturing of equipments for soaps, detergent, fatty acid and glycerine. The registered office of the Company is situated at Kondi Gharoli, Mayur Vihar Phase-III, Delhi and the manufacturing facilities are situated at Noida in the state of Uttar Pradesh and Haridwar in the state of Uttarakhand.
Uttarakhand unit is enjoying tax holiday under the provision of section 80IC of the Income Tax Act, 1961.
The accompanying financial statements reflect the results of the activities undertaken by the Company during the year ended March 31, 2014.
REVIEW
OF CURRENT YEAR PERFORMANCE:
The Company achieved a
Total Revenue of 820.662 million with
Total Sales of 784.412 million as compared with the previous Financial Year (FY
2012-2013) the Total Income achieved corresponds to an increase by ~27%.
Thus, it is a matter of
satisfaction to note that the Company has achieved more than the total targeted
revenue of 800.000 million set for the
current Financial Year (FY 2013-14)
The Company achieved a
Profit Before Tax for the current Financial Year (FY 2013-2014) of 99.019
million (which is a substantial increase from 66.709 million achieved in the
previous Financial Year FY 2012-2013).The Company earned a Profit After Tax
(PAT) of 79.098 million during the current Financial Year (FY 2013-2014)
against 52.413 million in the previous
Financial Year (FY 2012-2013).
FIXED ASSETS:
Tangible Assets
· Leasehold Land
· Buildings and Roads
· Plants and Machinery
· Furniture and Fixtures
· Vehicles
· Computers
Intangible Assets
· Computer Software
· Patents and Trademarks
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. 63.62 |
|
|
1 |
Rs. 98.51 |
|
Euro |
1 |
Rs. 69.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
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 |
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 |
|
62 |
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.