MIRA INFORM REPORT
|
Report No. : |
348074 |
|
Report Date : |
03.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
MUNDRA INTERNATIONAL
CONTAINER TERMINAL PRIVATE LIMITED (w.e.f. 05.11.2004) |
|
|
|
|
Formerly Known
As : |
MUNDRA INTERNATIONAL
CONTAINER TERMINAL LIMITED (w.e.f. 18.08.2003) ADANI CONTAINER (MUNDRA)
TERMINAL LIMITED |
|
|
|
|
Registered
Office : |
New Mundra Port, Navinal, P.O. Box No.8, Mundra, Kutch, Mundra – 370
421, Gujarat |
|
Tel. No.: |
91-2838-650504/ 288269/ 656555/ 555555/ 288277 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
05.12.2000 |
|
|
|
|
Com. Reg. No.: |
04-039015 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.366.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U35112GJ2000PTC039015 |
|
|
|
|
IEC No.: |
0802004318 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMA01101C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCA0917C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is organised into two major operating divisions:
Terminal services (TS) and Container freight station (CFS) services. Terminal services segment represents container
handling, reefer, storage and ancillary services. CFS segment comprises of
stuffing, destuffing, storage and ancillary services. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
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 18390000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was
established in the year 2000 and it is engaged in providing cargo and
shipping services. The company services include bulk cargo services, reverse osmosis
vessels services, custom warehousing services and maritime services. For the financial
year ended 2014, company has reported 21.15% sales turnover growth as
compared to previous sales turnover and it has maintained decent
profitability margins at 38.77% during the year under a review. Rating derive
comfort from the strong backing to company by DP World Limited and favorable
business risk profile of the company arising from factors such as the deep
draft of the terminal and the well-Established connectivity of the port by
rail and road. Rating also drive
comfort from it improved financial performance as can be seen from robust
profitability margins, satisfactory capital structure and adequate coverage
indicators. Trade relations
are reported as fair. Payment are reported to be regular and as per
commitment. In view of
aforesaid, 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
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loan “A” (Withdrawn) |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
July 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non – fund based facilities =A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
July 2015 |
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
31-03-2015.
INFORMATION DENIED
|
Name : |
Mr. Mehta |
|
Designation : |
Customer Service Officer |
|
Contact No.: |
91-2838-645238 91-9879104804 91-9925038907 |
|
Date : |
31.10.2015 |
LOCATIONS
|
Registered Office : |
New Mundra Port, Navinal, P.O. Box No.8, Mundra, Kutch, Mundra – 370
421, Gujarat, India |
|
Tel. No. : |
91-2838-650504/ 288269/ 656555/ 555555/ 288277 |
|
Fax No. : |
91-2838-288278/ 288287/ 6565500 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 18.08.2014
|
Name : |
Mr. Anil Satdev Singh |
|
Designation : |
Director |
|
Address : |
Flat No.6, 5th Floor, Hill Park, AG Bell Road, Malabar
Hill, Mumbai – 400 006, Maharashtra, India |
|
Date of Birth/Age : |
12.12.1954 |
|
Date of Appointment : |
01.07.2009 |
|
DIN No. : |
02728638 |
|
|
|
|
Name : |
Mr.
Anil Rajan Wats |
|
Designation : |
Director |
|
Address : |
Villa # GH M~13, The Palm Jumeirah (Garden Home), United Arab
Emirates, Dubai 1 |
|
Date of Birth/Age : |
13.04.1957 |
|
Date of Appointment : |
27.06.2006 |
|
DIN No. : |
00888308 |
|
|
|
|
Name : |
Mr.
Kevin James D’Souza |
|
Designation : |
Director |
|
Address : |
Choksi Mansion, Dr. B. Ambedkar Road, Parel, Mumbai – 400 012,
Maharashtra, India |
|
Date of Birth/Age : |
21.08.1960 |
|
Date of Appointment : |
28.04.2005 |
|
DIN No. : |
00175176 |
|
|
|
|
Name : |
Mr.
Manish Krishna Jaiswal |
|
Designation : |
Director |
|
Address : |
Flat No.222, Kohinoor City, Kirol Road, Kurla (West), Mumbai – 400
070, Maharashtra, India |
|
Date of Birth/Age : |
18.04.1970 |
|
Date of Appointment : |
26.05.2006 |
|
DIN No. : |
00203919 |
|
|
|
|
Name : |
Mr.
Devang Bhupendra Mankodi |
|
Designation : |
Director |
|
Address : |
7, Darpan Bhagat Singh Road, Juhu, Vile Parle (West), Mumbai – 400
056, Maharashtra, India |
|
Date of Birth/Age : |
08.09.1968 |
|
Date of Appointment : |
18.09.2008 |
|
DIN No. : |
00139006 |
|
|
|
|
Name : |
Mr.
Tejas Kundur Nataraj |
|
Designation : |
Whole-time Director |
|
Address : |
Bunglow~E, MICT Township, Naya Kapaya, Mundra, Kutch – 370 421,
Gujarat, India |
|
Date of Birth/Age : |
07.08.1978 |
|
Date of Appointment : |
12.06.2013 |
|
DIN No. : |
06638208 |
|
PAN No.: |
ACUPN0586E |
|
|
|
|
Name : |
Mr. Joost Aeroen Kruijning |
|
Designation : |
Director |
|
Address : |
Villa # 37, Um Suqueim Street – 14, United Arab Emirates, Dubai 017000
|
|
Date of Birth/Age : |
23.02.1964 |
|
Date of Appointment : |
18.08.2014 |
|
DIN No. : |
06926224 |
|
|
|
|
Name : |
Ms.
Aparna Chablani |
|
Designation : |
Director |
|
Date of Appointment : |
16.03.2011 |
|
DIN No. : |
03084850 |
KEY EXECUTIVES
|
Name : |
Mr. Tejas Nataraj |
|
Designation : |
Chief
Executive Officer |
|
|
|
|
Name : |
Mr. Sumesh Padmanabhan |
|
Designation : |
General
Manager - Operations |
|
|
|
|
Name : |
Mr. Anil Deshpande |
|
Designation : |
General Manager - Engineering Services |
|
|
|
|
Name : |
Mr. Rajesh Samdani |
|
Designation : |
General
Manager - Finance |
|
|
|
|
Name : |
Mr. Ravindra Nyamati |
|
Designation : |
General Manager - Information Technology |
|
|
|
|
Name : |
Mr. Hardik Vaidya |
|
Designation : |
General Manager - CFS |
|
|
|
|
Name : |
Mr. Gurpreet Singh |
|
Designation : |
General Manager - HR and Admin |
|
|
|
|
Name : |
Ms. Sonia Gaur Chibber |
|
Designation : |
Secretary |
|
Address : |
E-304, RNA Regency
Park, Kandiwali (West), Mumbai – 400 067, Maharashtra, India |
|
Date of Birth/ Age : |
29.10.1979 |
|
Date of Appointment : |
30.05.2014 |
|
PAN No.: |
AHFPG7381J |
|
|
|
|
Name : |
Mr. Mehta |
|
Designation : |
Customer Service
Officer |
|
|
|
|
Name : |
Mr. Bhavesh
Thakkar |
|
Designation : |
Account Department
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 18.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
P&O Ports (Mundra) Private Limited, Mauritius |
|
36599999 |
|
P&O Ports (Mundra) Private Limited, Mauritius
and Anil Satdev Singh |
|
1 |
|
Total |
|
36600000 |
AS ON 18.08.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is organised into two major operating
divisions: Terminal services (TS) and Container freight station (CFS)
services. Terminal services segment represents container
handling, reefer, storage and ancillary services. CFS segment comprises of
stuffing, destuffing, storage and ancillary services. |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management. |
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Bankers : |
·
HDFC Bank Limited, Navi Mumbai |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BBSR and Company Chartered Accountants |
|
Address : |
KPMG, Lodha Excelus, 1st Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalakshmi, Mumbai – 400 011, Maharashtra, India |
|
PAN
No.: |
AAKFB4397F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Holding Company : |
DP World Limited, Dubai, UAE through its
subsidiaries listed below as Investing Associates holds 100% of the equity
share capital as at 31 March 2014. |
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|
|
|
Investing
Associates : |
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|
|
Subsidiary Company
: |
Container Rail Road Services Private Limited |
|
|
|
|
Other related
parties with whom transactions have taken place during the period: |
Entities under
common control ·
Nhava Sheva International Container
Terminal Private Limited ·
Chennai Container Terminal Private Limited ·
DP World, FZE ·
India Gateway Terminal Private Limited ·
Nhava Sheva (India) Gateway Terminal
Private Limited ·
Hindustan Port Private Limited ·
DP World Australia Limited ·
DP World Private Limited |
CAPITAL STRUCTURE
AS ON 18.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs.400.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
36600000 |
Equity Shares |
Rs.10/- each |
Rs.366.000 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
366.000 |
366.000 |
366.000 |
|
(b) Reserves & Surplus |
6070.503 |
4217.906 |
2914.425 |
|
(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) |
6436.503 |
4583.906 |
3280.425 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
1785.714 |
1571.429 |
2400.000 |
|
(b) Deferred tax liabilities (Net) |
756.318 |
504.404 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
2.971 |
3.199 |
2.687 |
|
Total Non-current
Liabilities (3) |
2545.003 |
2079.032 |
2402.687 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
358.755 |
289.755 |
1452.661 |
|
(b) Trade
payables |
17.197 |
22.941 |
21.841 |
|
(c) Other
current liabilities |
2,671.212 |
2678.852 |
2022.890 |
|
(d) Short-term
provisions |
26.210 |
15.291 |
5.452 |
|
Total Current
Liabilities (4) |
3073.374 |
3006.839 |
3502.844 |
|
|
|
|
|
|
TOTAL |
12054.880 |
9669.777 |
9185.956 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
4247.339 |
4722.040 |
5109.624 |
|
(ii)
Intangible Assets |
2497.410 |
2645.971 |
2795.079 |
|
(iii)
Capital work-in-progress |
0.668 |
13.367 |
0.000 |
|
(iv)
Intangible assets under development |
0.853 |
0.000 |
0.075 |
|
(b) Non-current Investments |
700.000 |
700.000 |
700.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2574.971 |
1070.211 |
366.927 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
10021.241 |
9151.589 |
8971.705 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
70.227 |
65.040 |
50.530 |
|
(c) Trade
receivables |
108.242 |
29.671 |
108.420 |
|
(d) Cash
and cash equivalents |
728.494 |
2.692 |
6.456 |
|
(e)
Short-term loans and advances |
1013.055 |
390.207 |
34.190 |
|
(f) Other
current assets |
113.621 |
30.578 |
14.655 |
|
Total Current
Assets |
2033.639 |
518.188 |
214.251 |
|
|
|
|
|
|
TOTAL |
12054.880 |
9669.777 |
9185.956 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
4776.400 |
3942.860 |
3267.060 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
NA |
NA |
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) FOR THE YEAR |
1852.600 |
1303.480 |
802.670 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
3462.520 |
2611.740 |
1974.870 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Components and spare parts |
19.330 |
20.960 |
14.400 |
|
|
|
Capital Goods |
4.520 |
98.230 |
0.920 |
|
|
TOTAL IMPORTS |
23.850 |
119.190 |
15.320 |
|
LONG TERM DEBT
DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
2185.714 |
2285.714 |
1300.000 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
Net Cash flow from (used in) Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
38.79 |
33.06 |
24.57 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.67 |
0.90 |
1.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.66 |
0.17 |
0.06 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
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 |
366.000 |
366.000 |
366.000 |
|
Reserves & Surplus |
2914.425 |
4217.906 |
6070.503 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3280.425 |
4583.906 |
6436.503 |
|
|
|
|
|
|
long-term borrowings |
2400.000 |
1571.429 |
1785.714 |
|
Short term borrowings |
1452.661 |
289.755 |
358.755 |
|
current maturities of
long-term debts |
1300.000 |
2285.714 |
2185.714 |
|
Total
borrowings |
5152.661 |
4146.898 |
4330.183 |
|
Debt/Equity
ratio |
1.571 |
0.905 |
0.673 |
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) |
|
Revenue from operations |
3,267.060 |
3,942.860 |
4,776.400 |
|
|
|
20.685 |
21.140 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Revenue from operations |
3,267.060 |
3,942.860 |
4,776.400 |
|
Profit |
802.670 |
1,303.480 |
1,852.600 |
|
|
24.57% |
33.06% |
38.79% |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
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 |
BACKGROUND:
The Company was incorporated
on 5 December 2000 under the Companies Act, 1956 (the Act).
With effect from 7 January
2003, the Company has entered into a 28-year sub-concession agreement (SCA)
with Adani Port and Special Economic Zone Limited (APSEZ) (formerly known as Mundra
Port and Special Economic Zone Limited) to operate and maintain a container
terminal and container freight station services at the Port of Mundra.
SEGMENT REPORTING:
The Company is organised
into two major operating divisions - Terminal services (TS) and Container
freight station (CFS) services.
The divisions are the basis
on which the Company reports its primary segment information. The above
segments have been identified taking into account the organisation structure,
internal financial reporting system and differing risks and returns of these
segments.
Terminal services segment
represents container handling, reefer, storage and ancillary services. CFS
segment comprises of stuffing, destuffing, storage and ancillary services.
PERFORMANCE:
During the year, the Company has achieved a volume growth of 15% and has
handled 961,511 TEUs as against 838,545 TEUs for the previous year ended on 31st
March, 2013.
Company has recorded revenue from operations of Rs.4776.400 millions and
a profit of Rs.1852.600 millions for the financial year ended on 31st
March, 2014 as against revenue of 3942.860 millions and a profit of Rs.1303.480
millions for the previous year ended on 31st March, 2013. The total
accumulated profit as on March 31, 2014 stood at Rs.2776.570 millions as
against that total accumulated loss of Rs.923.970 millions in previous year
ended March 31, 2013.
FUTURE PERSPECTIVE:
Company is making all efforts to improve the productivity and retain
customers through higher service levels and competitive pricing. Company is
making concentrated efforts to increase its business volumes and Company is in
discussions with various customers.
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Rupee
term loans from banks |
1785.714 |
0.000 |
|
Rupee
term loans from others |
0.000 |
1571.429 |
|
SHORT TERM
BORROWINGS |
|
|
|
Foreign
currency term loans from banks |
0.000 |
70.536 |
|
Loans
repayable on demand from Banks |
50.613 |
0.000 |
|
Loans
repayable on demand from others |
308.142 |
0.000 |
|
Inter-corporate
borrowings |
0.000 |
100.072 |
|
Other
loans and advances |
0.000 |
119.147 |
|
Total |
2144.469 |
1861.184 |
INDEX OF CHARGES:
No Charges Exist for Company.
CONTINGENT LIABILITIES NOT PROVIDED FOR (AS ON 31.03.2014):
·
Guarantees issued in favour
of Custom authorities by the bank on behalf of the Company – Rs.57.170 millions
·
Demands received from Additional
Commissioner, Customs and Central Excise for wrong availment of Service Tax
credit and Penalty and the related interest – Rs.56.750
·
Demands received from
Income Tax Department towards TDS – Nil
·
Bonds issued in favour of
Custom authorities – Rs.1754.200 millions
FIXED ASSETS:
Tangible Assets
·
Leasehold Land
·
Freehold Buildings
·
Leasehold Buildings
·
Plant and Machinery
·
Motor Vehicles
·
Furniture and
Fixtures
·
Computers
Intangible Assets
·
Computer Software
·
Commercial Contractual Rights
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.65.48 |
|
|
1 |
Rs.101.06 |
|
Euro |
1 |
Rs.72.22 |
INFORMATION
DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
MTN |
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.