MIRA INFORM REPORT
|
Report No. : |
348207 |
|
Report Date : |
06.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
IMA-PG INDIA PRIVATE LIMITED (w.e.f. 01.04.2010) |
|
|
|
|
Formerly Known
As : |
PRECISION GEARS PRIVATE LIMITED PRECISION GEARS LIMITED |
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|
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Registered
Office : |
Plot No.R-677, M.I.D.C., T.T.C. Industrial Area, Thane Belapur Road,
Rabale, Navi Mumbai – 400701, Maharashtra |
|
Tel. No.: |
91-22-67179000/ 27690986 |
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|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.12.2014 |
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|
|
|
Date of
Incorporation : |
23.03.1961 |
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|
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|
Com. Reg. No.: |
11-011958 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 17.852 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH1961PTC011958 |
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|
|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction and
Collection Account No.] |
MUMP15667B |
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|
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PAN No.: [Permanent Account No.] |
AAACP6442Q |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Blister Machines, Tube Filling Machines etc. |
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No. of Employees
: |
Not Divulged [We tried to confirm the number of employees but no one is
ready to part any information from the company management] |
RATING and COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2000000 |
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|
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|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an old and well-established company having satisfactory
track. It was incorporated in the year 1961 and is engaged in the business as
the manufacturer of Blister Machines, Tube Filling Machines, etc. The rating takes into consideration company’s healthy operational risk
profile supported by sound financial base, negligible debt profile and
favourable profitability margin of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of good financial position, 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.
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Vikas Kulkarni |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9819010566 |
|
Date : |
05.11.2015 |
LOCATIONS
|
Registered Office : |
Plot No.R-677, M.I.D.C., T.T.C. Industrial Area, Thane Belapur Road,
Rabale, Navi Mumbai – 400701, Maharashtra, India |
|
Tel. No.: |
91-22-67179000/ 27690986 |
|
Mobile No.: |
91-9819010566 (Mr. Vikas Kulakarni) |
|
Fax No.: |
91-22-27600888/ 27600889 |
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E-Mail : |
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|
Website : |
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Factory 1 : |
Plot No.R-696, M.I.D.C., T.T.C. Industrial Area, Rabale, Navi Mumbai –
400701, Maharashtra, India |
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|
|
|
Factory 2 : |
Plot # 8, Laxmibai Nagar, Kila Maidan, Industrial Estate,
Indore-452006, Madhya Pradesh, India |
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Tel. No.: |
91-731-2612201 |
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Fax No.: |
91-731-2612203 |
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Email : |
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Sales Office : |
Located At:
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DIRECTORS
AS ON 10.03.2015
|
Name : |
Mr. Satish Gopal Rao |
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Designation : |
Whole Time Director |
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Address : |
Le Papeyon, Plot No.101, Mount Mary Road, Bandra (West), Mumbai – 400050, Maharashtra, India |
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Date of Birth/Age : |
26.08.1945 |
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Date of Appointment : |
01.01.2010 |
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PAN No.: |
AABPR7008J |
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DIN No.: |
00282519 |
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Other Directorship :
|
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|
Name : |
Mr. Mahadevan Gopalakrishnan Iyer |
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|
Designation : |
Managing Director |
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|
Address : |
No.5, Shoba CHS limited, 5th Road, Chembur, Mumbai – 400071, Maharashtra, India |
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Date of Birth/Age : |
09.09.1965 |
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Date of Appointment : |
23.04.2008 |
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PAN No.: |
AAAPI5778D |
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DIN No.: |
01878492 |
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Other Directorship :
|
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|
Name : |
Mr. Andrea Malagoli |
|
Designation : |
Director |
|
Address : |
Via Archirola 38, 41100 Moden, 41100, Italy |
|
Date of Birth/Age : |
30.09.1965 |
|
DIN No.: |
02241152 |
|
Name : |
Sergio Marzo |
|
Designation : |
Director |
|
Address : |
V Somalla, 47 D, Forlla FO, 47100, Italy |
|
Date of Birth/Age : |
16.03.1966 |
|
Date of Appointment : |
13.05.2011 |
|
DIN No.: |
03521984 |
|
Name : |
Pierluigi Tampieri |
|
Designation : |
Director |
|
Address : |
VIA Toscanini 49, Imola BO, 40026, Italy |
|
Date of Birth/Age : |
05.02.1958 |
|
Date of Appointment : |
27.07.2011 |
|
DIN No.: |
03525259 |
KEY EXECUTIVES
|
Name : |
Mr. Vikas Kulkarni |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 07.03.2014
|
Names of Shareholders |
|
No. of Shares |
|
IMA S.P.A. |
|
178515 |
|
IMA S.P.A. Pecchioli Giovanni |
|
1 |
|
IMA S.P.A. Castiglione Gaetano |
|
1 |
|
IMA S.P.A. Marzo Sergio |
|
1 |
|
IMA S.P.A. Zella Stefano |
|
1 |
|
Satish Rao (Beneficial Owner of IMA S.P.A. Italy) |
|
1 |
|
IMA S.P.A. Baldani Andrea |
|
1 |
|
Total |
|
178521 |
Equity Share Break up (Percentage of Total Equity)
AS ON 07.03.2014
|
Category |
Percentage |
|
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 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Blister Machines, Tube Filling Machines etc. |
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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 : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged [We tried to confirm the number of employees but no one is
ready to part any information from the company management] |
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Bankers : |
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Auditors : |
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|
Name : |
B.M .Chatrath and Company Chartered Accountants |
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Address : |
4t H Floor, Roomno.440, 21,Hemantabasusara N I, Kolkata- 700 001 (Formerly Oldcourt Housestreet), West Bengal, India |
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Tel. No.: |
91-22484575/ 22101385 |
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Fax No.: |
91- 22489934 |
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E-Mail : |
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Website : |
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PAN No. of
Auditors Firm: |
AACFB7576N |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Holding company : |
I.M.A. S.P.A |
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Fellow
Subsidiary Company : |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs.100/- each |
Rs. 20.000 Million |
|
|
|
|
|
Issued, Subscribed and Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
178,521 |
Equity Shares |
Rs.100/- each |
Rs. 17.852 Million |
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
17.852 |
17.852 |
17.852 |
|
(b) Reserves and Surplus |
697.494 |
596.155 |
520.289 |
|
(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) |
715.346 |
614.007 |
538.141 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
76.719 |
85.366 |
72.560 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
12.772 |
8.920 |
16.639 |
|
Total Non-current
Liabilities (3) |
89.491 |
94.286 |
89.199 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
26.980 |
|
(b) Trade payables |
254.698 |
256.858 |
200.503 |
|
(c) Other
current liabilities |
317.168 |
347.375 |
158.920 |
|
(d) Short-term
provisions |
103.415 |
77.148 |
70.660 |
|
Total Current
Liabilities (4) |
675.281 |
681.381 |
457.063 |
|
|
|
|
|
|
TOTAL |
1480.118 |
1389.674 |
1084.403 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
283.853 |
286.484 |
135.657 |
|
(ii)
Intangible Assets |
7.190 |
6.984 |
7.248 |
|
(iii) Capital
work-in-progress |
1.135 |
1.705 |
59.104 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
7.500 |
23.446 |
15.500 |
|
(c) Deferred tax assets (net) |
45.377 |
37.508 |
36.061 |
|
(d) Long-term Loan and Advances |
51.762 |
72.399 |
60.743 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
396.817 |
428.526 |
314.313 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
6.500 |
0.000 |
0.000 |
|
(b)
Inventories |
395.526 |
410.637 |
306.677 |
|
(c) Trade
receivables |
294.848 |
189.240 |
271.717 |
|
(d) Cash
and cash equivalents |
76.531 |
87.129 |
153.110 |
|
(e)
Short-term loans and advances |
308.488 |
273.348 |
38.586 |
|
(f) Other
current assets |
1.408 |
0.794 |
0.000 |
|
Total
Current Assets |
1083.301 |
961.148 |
770.090 |
|
|
|
|
|
|
TOTAL |
1480.118 |
1389.674 |
1084.403 |
PROFIT
and LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
|
|
|
|
|
|
|
TOTAL INCOME |
1275.410 |
1096.470 |
955.630 |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
1084.430 |
960.060 |
824.170 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
190.980 |
136.410 |
131.460 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
4.980 |
3.840 |
0.940 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
186.000 |
132.570 |
130.520 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
29.030 |
18.340 |
16.540 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
156.970 |
114.230 |
113.980 |
|
|
|
|
|
|
|
Less |
TAX |
55.630 |
38.380 |
37.630 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
101.340 |
75.850 |
76.350 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
455.280 |
387.000 |
318.280 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
10.130 |
7.590 |
7.630 |
|
|
Dividend |
0.000 |
0.000 |
0.000 |
|
|
Tax on Dividend |
0.000 |
0.000 |
0.000 |
|
|
Total |
10.130 |
7.590 |
7.630 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
BALANCE SHEET |
546.480 |
455.280 |
387.000 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
375.785 |
454.910 |
396.052 |
|
|
|
|
|
|
|
|
EARNINGS / (LOSS) PER
SHARE (RS.) |
567.66 |
424.88 |
427.68 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
30.949 |
149.014 |
66.011 |
|
Net cash flows from (used in) operating activities |
5.231 |
75.784 |
112.371 |
KEY
RATIOS
|
PARTICULARS |
|
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
7.95 |
6.92 |
7.99 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
14.97 |
12.44 |
13.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.01 |
8.61 |
11.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.19 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.11 |
0.14 |
0.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60 |
1.41 |
1.68 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
17.852 |
17.852 |
17.852 |
|
Reserves and Surplus |
520.289 |
596.155 |
697.494 |
|
Net
worth |
538.141 |
614.007 |
715.346 |
|
|
|
|
|
|
long-term borrowings |
72.560 |
85.366 |
76.719 |
|
Short term borrowings |
26.980 |
0.000 |
0.000 |
|
Total
borrowings |
99.540 |
85.366 |
76.719 |
|
Debt/Equity
ratio |
0.185 |
0.139 |
0.107 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
955.630 |
1096.470 |
1275.410 |
|
|
|
14.738 |
16.320 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales
|
955.630 |
1096.470 |
1275.410 |
|
Profit |
76.350 |
75.850 |
101.340 |
|
|
7.99% |
6.92% |
7.95% |
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 |
No |
|
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 |
NOTE:
The Registered office of the company has been
shifted form, G-1, Everest Building, 156 Tardeo Road, Mumbai – 400034,
Maharashtra, India, to the present address w.e.f. 22.05.2007.
FINANCIAL
PERFORMANCE:
During the year, the sales of the company at Rs.1,275.410 million are 16.32% higher compared to last years sales of Rs.1,096.470 million. The operating profit for the year increased to Rs.190.980 million from Rs. 136.410 million, showing growth of 40.00%. The net profit of Rs.101.340 million is 33.59% higher as compared to the previous year’s net profit Rs 75.860 million. The earning per share is Rs.567.660 as against Rs. 424.970 in the previous year.
UNSECURED LOAN
|
PARTICULARS |
31.12.2014 (Rs.
in Million) |
31.12.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and Advances from related parties |
76.719 |
85.366 |
|
Total |
76.719 |
85.366 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10507664 |
30/06/2014 |
70,000,000.00 |
Axis
Bank Limited |
CORPORATE
BANKING BRANCH, AXIS HOUSE, GR. FLOOR, |
C10267474 |
|
2 |
10500284 |
02/06/2014 |
70,000,000.00 |
Axis
Bank Limited |
CORPORATE
BANKING BRANCH, AXIS HOUSE, GR. FLOOR, |
C05803085 |
|
3 |
10410310 |
09/12/2013
* |
70,000,000.00 |
AXIS
BANK LIMITED |
CORPROATE
BANKING BRANCH,AXIS HOUSE,GR FLOOR, BOMBAY DYEING MILL COMPOUND,P.B. MARG,WORLI,
MUMBAI, MAHARASHTRA - 400025, INDIA |
B92184076 |
|
4 |
90238551 |
06/01/2009
* |
120,000,000.00 |
THE
HONGKONG AND SHANGHAI BANKING CORPORATION LIMI |
52/60,
MAHATMA GANDHI ROAD,, MUMBAI, MAHARASHTRA - |
A54437843 |
|
5 |
90241310 |
02/02/2015
* |
127,000,000.00 |
The
Hongkong and Shanghai Banking Corporation Limi |
52/60,M.G.ROAD,,
FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C53102422 |
FIXED ASSETS
- Land and Building
- Furniture’s and Fixtures
- Office Equipment
- Computer
- Vehicles
CMT REPORT (Corruption, Money Laundering and 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 records 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. 65.68 |
|
|
1 |
Rs. 101.02 |
|
Euro |
1 |
Rs. 71.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
SYL |
SCORE and RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
50 |
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 and 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.