MIRA
INFORM REPORT
|
Report No. : |
348452 |
|
Report Date : |
04.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUNRISE CONTAINERS LIMITED |
|
|
|
|
Registered
Office : |
405, |
|
Tel. No.: |
91-22-26861701 / 06 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
23.06.1986 |
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Com. Reg. No.: |
11-040194 |
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Capital
Investment / Paid-up Capital : |
Rs.89.100 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U28129MH1986PLC040194 |
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|
|
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IEC No.: |
0389052761 |
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|
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMS35824F |
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|
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PAN No.: [Permanent Account No.] |
AABCS5997C |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Pet Performs, bottles and containers. |
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No. of Employees
: |
550 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in 1986 and started commercial production in the
year 1990. The company’s manufacturing facilities are located at Silvassa,
Dadra, Haridwar and Umbergaon. It is into production of PET preforms, jars
and bottles of various sizes and weight, and is sold in the market under the
brand name “SUNPET”. It also has its presence in the international market and
caters to the needs of pharmaceutical and FMCG companies. It has fine track
record. The company has reported an increase in its sales turnover and net
profit during FY2013-14. The company possesses healthy financial risk profile marked by healthy
profitability, moderate gearing and adequate liquidity. Trade relations are fair. Business is active. Payments are reported to
be regular and as per commitments. In view of established brand name in the market with reputed client
base, the company can be considered for business dealings at usual trade
terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limits = A |
|
Rating Explanation |
Have adequate degree of safety and carry low credit risk. |
|
Date |
June, 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-fund based limits = A1 |
|
Rating Explanation |
Have very strong degree of safety and carry lowest credit risk. |
|
Date |
June, 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 PARTED BY
|
Name : |
Mr. Divesh |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-26861701 |
|
Date : |
03.11.2015 |
LOCATIONS
|
Registered Office/ Factory : |
405, Acme Industrial Park, Off I B Patel Road, Goregaon (East), Mumbai
– 400063, Maharashtra, India |
|
Tel. No. : |
91-22-26861701 / 06 |
|
Fax No. : |
91-22-26862714 |
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E-Mail : |
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|
Website : |
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Area : |
3000 Sq. Ft. (Approximately) |
|
Location : |
Owned |
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Locality : |
Industrial |
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Factory 1: |
Survey No. 215/3, Piparia, Village Silvassa – 396230, Dadra and Nagar
Haveli (U.T.), India |
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Tel. No. : |
91-260-2640542 |
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Fax No. : |
91-260-2640828 |
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E-Mail : |
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Factory 2: |
Gala No. F-18 to 30 & G-1 to 4, Zero Tax
Industrial Estate, Dadra - 396 193, Dadra and Nagar Haveli (U.T.), India |
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Tel. No. : |
91-260-2669512 |
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Fax No. : |
91-260-2669513 |
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E-Mail : |
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Factory 3: |
Survey No. 45/10, Dehri - Umbergaon Station
Road, Village Dehri, Dist. Valsad, Umbergaon - 396170, Gujrat, India |
|
Tel. No. : |
91-260-2562072 |
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E-Mail : |
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Factory 4: |
Plot No. 6 & 7, Integrated Industrial Estate,
Sector No.2 Haridwar - 249403 |
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Tel. No. : |
91-1334-234078 |
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Fax No. : |
91-1334-232209 |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Kanhaiyalal Mannalal Mundhra |
|
Designation : |
Managing Director |
|
Address : |
601, Millinium Park, Upavan Layout, Upper Govind Nagar, C-Wing,
Malad (East), Mumbai – 400097,
Maharasahtra, India |
|
Date of Birth/Age : |
01.01.1944 |
|
Qualification : |
B.Com. |
|
Date of Appointment : |
01.09.2005 |
|
PAN No.: |
AADPM9403G |
|
DIN No. : |
00087385 |
|
|
|
|
Name : |
Mr. Hitesh Kumar Mundhra |
|
Designation : |
Additional director |
|
Address : |
Flat No.601, 6th Floor, Millenium Garden, Plot 182, Upper
Govind Nagar, Malad (East), Mumbai - 400097, Maharashtra, India |
|
Date of Birth/Age : |
B.Com. |
|
Date of Appointment : |
23.11.2011 |
|
DIN No. : |
00087454 |
|
|
|
|
Name : |
Mr. Dwarka Prasad Mundhra |
|
Designation : |
Director |
|
Address : |
401, Santosh Apartment, 25 Raghunath Avenue, Kil Park, Chennai - 400006,
Tamilnadu, India |
|
Date of Birth/Age : |
20.06.1958 |
|
Qualification : |
B.Com. |
|
Date of Appointment : |
12.12.1997 |
|
DIN No. : |
00091662 |
|
|
|
|
Name : |
Mr. Devkishan Mannalal Mundhra |
|
Designation : |
Director |
|
Address : |
401, Millinium Park, Upavan Layout, Upper Govind Nagar, C-Wing,
Malad (East), Mumbai – 400097,
Maharashtra, India |
|
Date of Birth/Age : |
15.06.1950 |
|
Qualification : |
B.Com. |
|
Date of Appointment : |
23.06.1986 |
|
DIN No. : |
00095233 |
|
|
|
|
Name : |
Mr. Rajesh Kumar Jain |
|
Designation : |
Director |
|
Address : |
Bl A, Fl 3, 7th Floor, Mousami Cooperative Society Limited, 15 B Ballygunge Circular Road, Kolkata - 700019, West Bengal, India |
|
Date of Appointment : |
31.03.2015 |
|
DIN No. : |
01408526 |
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|
|
|
Name : |
Sudha Sunil Rathi |
|
Designation : |
Director |
|
Address : |
1008, 10th Floor, Yogi Tower, Yogi Nagar, Borivali (West), Mumbai - 400091, Maharashtra, India |
|
Date of Appointment : |
31.03.2015 |
|
DIN No. : |
03029797 |
KEY EXECUTIVES
|
Name : |
Mr. Divesh |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Kanhaiyalal Mundhra |
771900 |
|
Devkishan Mundhra |
30000 |
|
D.K.Mundha Investment and Trading Private Limited, |
1950000 |
|
Mannalal Investment and Trading Private Limited, |
1968000 |
|
Santoshkumar Mundhra |
135000 |
|
Shreekishan Mundhra |
12000 |
|
Dwarka Prasad Mundhra |
94200 |
|
K.L Mundhra Investment and Trading Private Limited, |
1868400 |
|
Shreekishan Mundhra HUF |
6000 |
|
Chanda Devi Mundhra |
294600 |
|
Bhagwati Devi Mundhra |
6000 |
|
Umesh Kumar Mundhra |
117000 |
|
Devkishan Mundhra HUF |
6000 |
|
Hitesh Kumar Mundhra |
562800 |
|
Dinesh Kumar Mundhra |
117000 |
|
K.L. Mundhra HUF |
657900 |
|
Rajesh Kumar Mundhra |
16200 |
|
Hitesh Plastics Private Limited , |
297000 |
|
Total |
8910000 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
68.28 |
|
Directors or relatives of Directors |
31.72 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pet Performs, bottles and containers. |
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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 : |
Finished Goods |
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Countries : |
·
Saudi Arabia ·
Australia ·
United States of America ·
Gulf Countries |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
China ·
Japan ·
Hong Kong |
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Terms : |
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Selling : |
Cash and Credit (30/60/90 Days) |
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Purchasing : |
Cash and Credit (30/60/90 Days) |
PRODUCTION STATUS:
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEMs
·
Bunge India Private Limited ·
Pfizer India Limited ·
Glaxo Smithkline |
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No. of Employees : |
550 (Approximately) |
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Bankers : |
·
State Bank of India, IFB, Natraj Building,
102, 1st Floor, 194, Sir M V Road Western Express Highway, Andheri
(East), Mumbai - 400069, Maharashtra, India |
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Facilities : |
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Auditors : |
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|
Name : |
Jain Vijay and Company Chartered Accountants |
|
Address : |
305 , Sona Chambers, 507/509 Chira Bazar, Mumbai - 400002, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACPJ0536E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associated Company
Under Significant influence of Key Management and their relatives: |
· H.K.Moulders ·
Sunpet Industrial Corporation ·
Hitesh Plastics Private Limited ·
Crystal Containers ·
Clear Pack Containers ·
M-Pet Containers Private Limited ·
Shree Traders ·
Mundhra Assocaites ·
K.L. Mundhra Investment and Trading Private
Limited ·
D.K. Mundhra Investment and Trading Private
Limited ·
Mannalal Investment and Trading Private Limited ·
Seth Suganchand Mundhra Memorial Trust ·
C.M. Mundhra Memorial Charitable Trust ·
Sun Packaging Systems (FZC) |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs. 150.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8910000 |
Equity Shares |
Rs.10/- each |
Rs. 89.100 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 |
89.100 |
89.100 |
89.100 |
|
(b) Reserves & Surplus |
851.156 |
777.627 |
728.571 |
|
(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) |
940.256 |
866.727 |
817.671 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term Borrowings |
149.058 |
230.531 |
111.964 |
|
(b) Deferred Tax Liabilities (Net) |
58.098 |
54.273 |
45.005 |
|
(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) |
207.156 |
284.804 |
156.969 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term Borrowings |
313.542 |
233.773 |
83.215 |
|
(b) Trade Payables |
54.359 |
62.444 |
69.737 |
|
(c) Other Current
Liabilities |
116.743 |
135.925 |
62.013 |
|
(d) Short-term Provisions |
10.424 |
10.425 |
0.651 |
|
Total Current Liabilities (4) |
495.068 |
442.567 |
215.616 |
|
|
|
|
|
|
TOTAL |
1642.480 |
1594.098 |
1190.256 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-Current Assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible Assets |
887.076 |
848.446 |
584.548 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
1.801 |
4.303 |
8.033 |
|
(iv)
Intangible assets under Development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.001 |
0.001 |
0.001 |
|
(c) Deferred Tax Assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
81.084 |
96.519 |
46.012 |
|
(e) Other Non-Current Assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
969.962 |
949.269 |
638.594 |
|
|
|
|
|
|
(2) Current Assets |
|
|
|
|
(a) Current Investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
265.906 |
182.286 |
212.927 |
|
(c) Trade Receivables |
296.586 |
369.918 |
260.307 |
|
(d) Cash and Cash
Equivalents |
8.296 |
14.067 |
18.027 |
|
(e) Short-term Loans and
Advances |
100.885 |
77.947 |
59.849 |
|
(f) Other Current Assets |
0.845 |
0.611 |
0.552 |
|
Total Current Assets |
672.518 |
644.829 |
551.662 |
|
|
|
|
|
|
TOTAL |
1642.480 |
1594.098 |
1190.256 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2662.320 |
2240.725 |
1929.481 |
|
|
|
Other Income |
14.378 |
39.880 |
7.951 |
|
|
|
TOTAL |
2676.698 |
2280.605 |
1937.432 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1733.959 |
1460.714 |
1219.334 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(1.445) |
7.445 |
8.837 |
|
|
|
Employees benefits expense |
80.786 |
70.196 |
48.095 |
|
|
|
Other expenses |
558.854 |
505.874 |
425.993 |
|
|
|
TOTAL |
2372.154 |
2044.229 |
1702.259 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
304.544 |
236.376 |
235.173 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
67.986 |
42.530 |
37.679 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
236.558 |
193.846 |
197.494 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
112.750 |
98.662 |
92.698 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
123.808 |
95.184 |
104.796 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
39.855 |
35.704 |
23.876 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
83.953 |
59.480 |
80.920 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
508.439 |
379.475 |
230.915 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
399.477 |
216.064 |
145.462 |
|
|
|
Components and Spare Parts |
13.322 |
6.031 |
3.121 |
|
|
|
Capital Goods |
5.635 |
10.628 |
51.037 |
|
|
TOTAL IMPORTS |
418.434 |
232.723 |
199.620 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
9.42 |
6.68 |
9.08 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
3000.000 |
The above information has been parted by Mr. Divesh (Account Manager).
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
69.488 |
68.555 |
21.981 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
225.543 |
142.544 |
153.933 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.15 |
2.65 |
4.19 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
11.44 |
10.55 |
12.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.55 |
5.99 |
8.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.11 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.57 |
0.61 |
0.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.46 |
2.56 |
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 |
89.100 |
89.100 |
89.100 |
|
Reserves & Surplus |
728.571 |
777.627 |
851.156 |
|
Net worth |
817.671 |
866.727 |
940.256 |
|
|
|
|
|
|
long-term borrowings |
111.964 |
230.531 |
149.058 |
|
Short term borrowings |
83.215 |
233.773 |
313.542 |
|
Current Maturities of Long
Term Debt |
21.981 |
68.555 |
69.488 |
|
Total borrowings |
217.160 |
532.859 |
532.088 |
|
Debt/Equity ratio |
0.266 |
0.615 |
0.566 |
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 |
1929.481 |
2240.725 |
2662.320 |
|
|
|
16.131 |
18.815 |
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 |
1929.481 |
2240.725 |
2662.320 |
|
Profit |
80.920 |
59.480 |
83.953 |
|
|
4.19% |
2.65% |
3.15% |
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 |
Yes |
|
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
---------------------- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
---------------------- |
|
33 |
Market information |
---------------------- |
|
34 |
Payments terms |
Yes |
|
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 |
10582678 |
30/10/2014 |
80,000,000.00 |
CITI BANK N.A. |
FIRST INTERNATIONAL
FINANCIAL CENTRE (FIFC), PLOT |
C60138013 |
|
2 |
10368236 |
26/03/2013 * |
150,000,000.00 |
CITIBANK N. A. |
1ST FLOOR, KALAPURNAM, NEAR MUNICIPAL MARKET, C. G. ROAD, AHMEDABAD - 380009, GUJARAT, INDIA |
B74792664 |
|
3 |
10355452 |
26/03/2013 * |
100,000,000.00 |
CITIBANK N. A. |
1ST FLOOR,
KALAPURNAM, NEAR MUNICIPAL MARKET, C. G. ROAD, NAVRANGPURA, AHMEDABAD -
380009, GUJARAT, |
B74793381 |
|
4 |
90240416 |
04/12/2013 * |
464,200,000.00 |
STATE BANK OF INDIA |
IFB, NATRAJ BUILDING, 102, 1ST FLOOR, 194, SIR M V ROAD WESTERN EXPRESS HIGHWAY, ANDHERI (EAST), MUMBAI - 400069, MAHARASHTRA, INDIA |
B95531588 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Intercorporate borrowings |
45.838 |
52.943 |
|
Loans and advances from directors |
0.000 |
73.288 |
|
Total |
45.838 |
126.231 |
CORPORATE INFORMATION
Subject is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. It is a closely held Company. The company is engaged in the manufacturing and selling of Pet performs and Pet Jar and Bottles. The Company has four units situated at Silvassa, Dadra Umbergaon and Haridwar. The company caters to both domestic and international markets.
FIXED ASSETS
Tangible Assets
· Land
Buildings
Plant
and Equipment
Furniture
and Fixtures
Vehicles
Office
Equipment
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.65.45 |
|
|
1 |
Rs.100.96 |
|
Euro |
1 |
Rs.72.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
53 |
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.