MIRA INFORM REPORT
|
Report No. : |
351562 |
|
Report Date : |
26.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
STANDARD GREASES AND SPECIALITIES PRIVATE LIMITED (w.e.f. 11.09.2009) |
|
|
|
|
Formerly Known
As : |
STANDARD GREASES (SILVASSA) PRIVATE LIMITED |
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Registered
Office : |
101, Khetan Apartment, 233 R B Mehta Marg, Ghatkopar (East),
Mumbai-400077, Maharashtra |
|
Tel. No.: |
91-22-25013641/46 |
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|
Country : |
India |
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Financials (as on)
: |
31.03.2014 |
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Date of
Incorporation : |
01.10.2007 |
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Com. Reg. No.: |
11-174642 |
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Capital
Investment / Paid-up Capital : |
Rs.105.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23201MH2007PTC174642 |
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|
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|
IEC No.: |
0300004699 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AALCS2136B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of automotive industrial greases and specialties |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 established company having satisfactory track record. It
was incorporated in the year 2007 and it is the manufacturer of automotive
industrial greases and specialties. For the financial year ended 2014, the company has reported decent
growth in its total revenue profile by 17% with favourable profit recorded in
the books. The rating also reflects company’s sound financial profile backed by
its healthy newtworth base, good liquidity position and strong debt
protection metrics. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of aforesaid, the company can be considered for business
dealing 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.
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 DECLINED
Management non corporative (91-22-25013641/46)
LOCATIONS
|
Registered Office : |
101, Khetan Apartment, 233 R B Mehta Marg, Ghatkopar (East),
Mumbai-400077, Maharashtra, India |
|
Tel. No.: |
91-22-25013641/46 |
|
Fax No.: |
91-22-25010384 |
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E-Mail : |
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Website : |
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Factory : |
C-60, T T C Industrial Area, MIDC Turbhe, Navi Mumbai-400 613,
Maharashtra, India |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Durgesh Sanjivrao Chandavarkar |
|
Designation : |
Director |
|
Address : |
502, Sea Nymph, Green Field Estate, A B Nair Road, Mumbai-400049,
Maharashtra, India |
|
Date of Birth/Age : |
07.02.1942 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
00176277 |
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|
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|
Name : |
Mr. Vinod Somalal Vyas |
|
Designation : |
Director |
|
Address : |
Flat No.903, Nandadevi, Neelkanth Valley, 7 Rajawadi Road, Ghatkopar
(East), Mumbai-400077, Maharashtra, India |
|
Date of Birth/Age : |
15.03.1950 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
00176206 |
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|
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|
Name : |
Mr. Haresh Somalal Vyas |
|
Designation : |
Director |
|
Address : |
Block No.23A, Sindhu Baug, Tilak Road, Ghatkopar (East),
Mumbai-400077, Maharashtra, India |
|
Date of Birth/Age : |
05.11.1955 |
|
Date of Appointment : |
01.10.2007 |
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DIN No.: |
00181054 |
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|
|
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Name : |
Mr. Dhruv Somalal Vyas |
|
Designation : |
Director |
|
Address : |
701A, Kukreja Palace, Valabh Baug Extension Lane, Ghatkopar (East),
Mumbai-400077, Maharashtra, India |
|
Date of Birth/Age : |
22.06.1959 |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
00177088 |
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|
|
|
Name : |
Mr. Ketan Vyas Vinod |
|
Designation : |
Director |
|
Address : |
Flat No.903, Nandadevi, Neelkanth Valley, 7 Rajawadi Road, Ghatkopar
(East), Mumbai-400077, Maharashtra, India |
|
Date of Birth/Age : |
21.06.1974 |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
00181237 |
|
|
|
|
Name : |
Mr. Bharat Chunilal Vyas |
|
Designation : |
Director |
|
Address : |
25, Shankar Nagar, Tilak Road, Ghatkopar (East), Mumbai-400077,
Maharashtra, India |
|
Date of Birth/Age : |
08.04.1961 |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
00182259 |
|
|
|
|
Name : |
Mr. Vijay Chunilal Vyas |
|
Designation : |
Director |
|
Address : |
6, Mahendra Villa, Tilak Road, Ghatkopar (East), Mumbai-400077, Maharashtra,
India |
|
Date of Birth/Age : |
30.07.1959 |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
00176656 |
|
|
|
|
Name : |
Mr. Kapil Vinod Vyas |
|
Designation : |
Director |
|
Address : |
Flat No.903, Nandadevi, Neelkanth Valley, 7 Rajawadi Road, Ghatkopar
(East), Mumbai-400077, Maharashtra, India |
|
Date of Birth/Age : |
21.10.1978 |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
00486031 |
|
|
|
|
Name : |
Mr. Nirmal Ramdas Ruparel |
|
Designation : |
Director |
|
Address : |
202, A2A, Mahdendra Park, Palghar Road, Boisar, MIDC Tarapur,
Thane-401501, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1954 |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
00176838 |
|
|
|
|
Name : |
Pramod Ahuja |
|
Designation : |
Nominee Director |
|
Address : |
84, Neville Court, Abbey Road, London, NW8, United Kingdom |
|
Date of Appointment : |
07.11.2014 |
|
DIN No.: |
01982701 |
|
|
|
|
Name : |
Prakash Yashwant Gurav |
|
Designation : |
Nominee Director |
|
Address : |
Mritinjaya Apartments, 3 Road Floor, 54 Ideal Colony, Kothrud, Pune-411029, Maharashtra, India |
|
Date of Appointment : |
07.11.2014 |
|
DIN No.: |
02004317 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2014
|
Names of Shareholders |
No. of Shares |
|
Vinod Somalal Vyas |
1652723 |
|
Dhruv Somalal Vyas |
1384560 |
|
Bharat Chunilal Vyas |
691815 |
|
Nirmal Ramdas Ruparel |
319008 |
|
Ketan Vyas Vinod |
633019 |
|
Kapil Vinod Vyas |
617426 |
|
Vijay Chunilal Vyas |
643169 |
|
Durgesh Sanjivrao Chandavarkar |
1415088 |
|
Haresh Somalal Vyas |
1241816 |
|
Sunita S Ruparel |
127837 |
|
Nandini D Chandavarkar |
901391 |
|
Alok Bharat Parekh |
1 |
|
Avni Bharat Parekh |
1 |
|
Bharat Chimanlal Parekh |
1 |
|
Geeta Bharat Parekh |
1 |
|
Amit Mallapur |
1 |
|
Jiten G Goswani |
1 |
|
N Raghunathan |
1 |
|
N Raghunathan HUF |
1 |
|
Pradyumna Goawami |
1 |
|
R Syamla |
1 |
|
Vinod Shah |
1 |
|
Suketu Trivedi |
1 |
|
Asha Bipin Pandya |
1 |
|
Bindu Vijay Vyas |
143142 |
|
Ila Harsh Vyas |
308830 |
|
Kundan Bharat Vyas |
92103 |
|
Hemangini Dhruv Vyas |
33720 |
|
Manjula Somala Vyas |
132360 |
|
Chhaya Vinod Vyas |
184680 |
|
Priya D Chandavarkar |
67300 |
|
TOTAL
|
10590000 |
AS ON 07.11.2014
|
Names of Allottees (Prefernce) |
No. of Shares
allotted |
|
Alpha TC Holding Pte Limited, Singapore |
555998 |
|
TATA Trustee company, India |
555998 |
|
Total |
1111996 |
|
Names of Allottees (Equity) |
No. of Shares
allotted |
|
Alpha TC Holding Pte Limited, Singapore |
200 |
|
TATA Trustee company, India |
200 |
|
Total |
400 |
AS ON 31.03.2014
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of automotive industrial greases and specialties |
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Products : |
Not Available |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Mody and Company Chartered Accountant |
|
Address : |
111-113, Sindh
Cloth Market, 2nd Floor Vithalwadi, Kalbadevi Road. Mumbai-400002,
Maharashtra, India |
|
Tel. No.: |
91-22-22404742/ 22406254 |
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PAN No.: |
AABFM0677J |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates : |
· S.G. Transport · Atlantic
Lubricants and Specialist Private Limited ·
CIN No :
U23201MH2002PTC138368 · Royal Castor
Products Limited CIN No.: U74999GJ1994PLC022829 |
|
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Subsidiaries : |
Standard Green Bio-Energy Private Limited CIN No.: U40107MH2007PTC176232 |
CAPITAL STRUCTURE
AS ON 19.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15750000 |
Equity Shares |
Rs.10/- each |
Rs.157.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11702396 |
Equity Shares |
Rs.10/- each |
Rs.117.024
Million |
|
|
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|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10590000 |
Equity Shares |
Rs.10/- each |
Rs.105.900
Million |
|
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|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
105.900 |
105.900 |
105.900 |
|
(b) Reserves & Surplus |
2404.269 |
2001.177 |
1642.308 |
|
(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) |
2510.169 |
2107.077 |
1748.208 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
193.680 |
200.450 |
834.071 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.200 |
0.200 |
0.200 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
193.880 |
200.650 |
834.271 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
928.964 |
645.512 |
713.582 |
|
(b) Trade
payables |
320.530 |
186.239 |
74.658 |
|
(c) Other
current liabilities |
53.864 |
27.661 |
37.697 |
|
(d) Short-term
provisions |
585.500 |
578.279 |
588.116 |
|
Total Current
Liabilities (4) |
1888.858 |
1437.691 |
1414.053 |
|
|
|
|
|
|
TOTAL |
4592.907 |
3745.418 |
3996.532 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
268.697 |
298.081 |
252.977 |
|
(ii)
Intangible Assets |
0.580 |
0.803 |
1.182 |
|
(iii)
Capital work-in-progress |
77.498 |
14.691 |
5.273 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1011.901 |
985.457 |
983.650 |
|
(c) Deferred tax assets (net) |
9.515 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
675.819 |
654.827 |
657.682 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2044.010 |
1953.859 |
1900.764 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
737.017 |
623.015 |
645.915 |
|
(c) Trade
receivables |
1451.701 |
684.357 |
1062.788 |
|
(d) Cash
and cash equivalents |
55.876 |
38.965 |
40.734 |
|
(e)
Short-term loans and advances |
54.637 |
93.697 |
85.490 |
|
(f) Other
current assets |
249.666 |
351.525 |
260.841 |
|
Total
Current Assets |
2548.897 |
1791.559 |
2095.768 |
|
|
|
|
|
|
TOTAL |
4592.907 |
3745.418 |
3996.532 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
TOTAL
INCOME |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
11037.700 |
9431.300 |
10254.800 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
10279.700 |
8720.200 |
9493.800 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
758.000 |
711.100 |
761.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
78.400 |
103.800 |
91.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
679.600 |
607.300 |
669.900 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
50.900 |
51.200 |
41.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
628.700 |
556.100 |
628.500 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
200.900 |
172.500 |
205.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
427.800 |
383.600 |
423.400 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1528.500 |
1239.600 |
910.700 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
General Reserve |
70.000 |
70.000 |
70.000 |
|
|
|
Proposed Dividend |
21.100 |
21.100 |
21.100 |
|
|
|
Tax on Proposed Dividend |
3.600 |
3.600 |
3.400 |
|
|
BALANCE CARRIED
TO THE B/S |
1861.600 |
1528.500 |
1239.600 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export on FOB Basis |
222.507 |
260.794 |
279.320 |
|
|
TOTAL EARNINGS |
222.507 |
260.794 |
279.320 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
344.779 |
69.917 |
56.151 |
|
|
TOTAL IMPORTS |
344.779 |
69.917 |
56.151 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
40.39 |
-- |
-- |
|
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 |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
(149.208) |
807.105 |
146.742 |
|
Net cash flows from (used in) operating activities |
(149.208) |
807.105 |
(82.922) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Total Income) |
(%) |
3.88 |
4.07 |
4.13 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Total Income) |
(%) |
6.87 |
7.54 |
7.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.99 |
20.26 |
20.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.26 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.45 |
0.40 |
0.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35 |
1.25 |
1.48 |
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 |
105.900 |
105.900 |
105.900 |
|
Reserves & Surplus |
1642.308 |
2001.177 |
2404.269 |
|
Net
worth |
1748.208 |
2107.077 |
2510.169 |
|
|
|
|
|
|
long-term borrowings |
834.071 |
200.450 |
193.680 |
|
Short term borrowings |
713.582 |
645.512 |
928.964 |
|
Total
borrowings |
1547.653 |
845.962 |
1122.644 |
|
Debt/Equity
ratio |
0.885 |
0.401 |
0.447 |
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 |
10254.800 |
9431.300 |
11037.700 |
|
|
|
-8.030 |
17.033 |
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 |
10254.800 |
9431.300 |
11037.700 |
|
Profit |
423.400 |
383.600 |
427.800 |
|
|
4.13% |
4.07% |
3.88% |
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 |
No |
|
8] |
Designation of contact person |
No |
|
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 |
OUTLOOK :-
The Global Economy is on the path of recovery, with consumer sentiment showing signs of improvement in all the major markets. The Auto Industry, after one of its worst years, is seeing early signs of recovery and renewed confidence amongst consumers, particularly with stable government at the Centre. We expect a turnaround of the Industry by the later part of this financial year with a hope that the Government would also come out with policy interventions to support the growth of Lubricating Industry in tandem with Auto Industry. Therefore, the directors are hopeful to excel well in the later part of the current Financial Year. Strong R & D initiatives are being envisaged to meet the expectations of the stakeholders going forward and the company is fully equipped to exploit the emerging opportunities in the lubricating markets.
UNSECURED LOAN
(Rs.
In Million)
|
Unsecured Loan |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long term
borrowing |
|
|
|
Rupee term loan from others |
182.446 |
183.602 |
|
TOTAL |
182.446 |
183.602 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10234477 |
29/09/2014 * |
540,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai,
Maharashtra - 400051, INDIA |
C30592745 |
|
2 |
10159296 |
05/05/2009 |
255,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, Maharashtra -
400021, INDIA |
A62936562 |
|
3 |
10087071 |
30/03/2011 * |
490,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BANDRA KURLA COMPLEX, BANDRA
(E), MUMBAI, Maharashtra |
B10811396 |
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Office Equipments
- Factory Equipments
- Computer Equipments
- Furniture and Fixtures
- Vehicles
- Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other official
proceeding for making any prohibited payments or other improper payments to
government officials for engaging in prohibited transactions or with designated
parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 66.38 |
|
|
1 |
Rs. 100.45 |
|
Euro |
1 |
Rs. 70.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & 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 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
51 |
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.