MIRA INFORM REPORT
|
Report No. : |
344040 |
|
Report Date : |
06.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
POLMANN INDIA LIMITED (w.e.f. 12.05.1999) |
|
|
|
|
Formerly Known
As : |
GREENHORN FINANCE LIMITED |
|
|
|
|
Registered
Office : |
184-B, Maker Tower-E, 18th Floor, Cuffe Parade, Mumbai –
400005, Maharashtra |
|
Tel. No.: |
91-22-40504050 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
18.06.1993 |
|
|
|
|
Com. Reg. No.: |
11-072458 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.500
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65994MH1993PLC072458 |
|
|
|
|
IEC No.: |
0399014098 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP12849E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG1409N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Synthetic Rubber, Polymers and Chemicals. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company incorporated in the year 1993 having
satisfactory track. It is engaged in the business as manufacturing, exporting and
importing of synthetic rubber, polymers and chemicals. Profit of the company has continuously declined. However, networth
position of the company is healthy. General financial position of the company
is sound. Further, the rating also takes into consideration decent liquidity
position of the company and favorable gap between trade payables and trade
receivables. Trade relations are reported as fair. Business is active. Payment
terms are reported as usually correct and as per commitment. In view of long track record and acceptable financial base, the
company can be considered normal 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 |
CRISIL |
|
Rating |
SME Ratings “SME 2” |
|
Rating Explanation |
High credit quality and very low credit
risk. |
|
Date |
08.07.2013 |
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. Bhagwati |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-22-40504050 |
|
Date : |
05.10.2015 |
LOCATIONS
|
Registered Office/ Head Office : |
184-B, Maker Tower-E, 18th Floor, Cuffe Parade, Mumbai –
400005, Maharashtra, India |
|
Tel. No.: |
91-22-40504050/ 22814526/ 22814530/ 22875715/ 22154987/ 22185611 |
|
Fax No.: |
91-22-40504000/ 22185554 |
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E-Mail : |
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|
Website : |
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|
|
|
Factory : |
Plot No.M-12, Shrirampur
MIDC, Village Khandala, Taluka
Shrirampur, |
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|
|
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Branch Office 1 : |
No.6-B, Gee Gee Emerald, 312, Valluvar Kottam High Road, Mahatma Gandhi Salai, Nungambakkam Chennai – 600034, Tamilnadu, India |
|
Tel. No.: |
91-44-28238866/
67/ 69 |
|
Fax No.: |
91-44-28238868 |
|
|
|
|
Branch Office 2/ Warehouse 1 : |
M’ Floor, Infinium
Digispace, CP-15, Sector-5, Salt Lake,
Kolkata – 700091, West Bengal, India |
|
Tel. No.: |
91-33-23670026 |
|
Fax No.: |
91-33-23675125 |
|
|
|
|
Branch Office 3 : |
503, Elegance Towers, Jasola Business District, Near Apollo Hospital, New Delhi – 110025, India |
|
Tel. No.: |
91-11-40104010 |
|
|
|
|
Warehouse : |
Also located at: ·
Faridabad ·
Vadagarai ·
Bhiwandi |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Vinodkumar Jagdishprasad Bhimrajka |
|
Designation : |
Director |
|
Address : |
84, Sea-Lord, Cuffe Parade, Mumbai – 400 005, Maharashtra, India |
|
Date of Birth/Age : |
15.06.1953 |
|
Qualification : |
MSC |
|
Date of Appointment : |
18.06.1993 |
|
PAN No.: |
AABPB7347N |
|
DIN No.: |
00339527 |
|
|
|
|
Name : |
Mr. Siddharth Ganeshprasad Bhimrajka |
|
Designation : |
Director |
|
Address : |
43-B, Jolly Maker, Cuffe Parade, Mumbai – 400 005, Maharashtra, India |
|
Date of Birth/Age : |
12.05.1977 |
|
Qualification : |
PGDBA |
|
Date of Appointment : |
29.09.1995 |
|
PAN No.: |
AAEPB8894M |
|
DIN No.: |
00339900 |
|
|
|
|
Name : |
Mr. Vishnukumar Jagdishprasad Bhimrajka |
|
Designation : |
Director |
|
Address : |
183, Jupiter Apartment, Cuffe Parade, Mumbai – 400 005, Maharashtra,
India |
|
Date of Birth/Age : |
07.06.1964 |
|
Qualification : |
M Com |
|
Date of Appointment : |
04.04.2006 |
|
PAN No.: |
AABPB8343J |
|
DIN No.: |
00339428 |
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|
|
|
Name : |
Mr. Vijay Jagdishprasad Bhimrajka |
|
Designation : |
Director |
|
Address : |
Flat No.94, 9th Floor, Twin Star Jupiter CHS Limited, Cuffe
Parade, Mumbai – 400 005, Maharashtra, India |
|
Date of Birth/Age : |
10.02.1949 |
|
Qualification : |
BSC |
|
Date of Appointment : |
29.09.1993 |
|
DIN No.: |
00339726 |
|
|
|
|
Name : |
Mr. Vishwanath Vijaykumar Bhimrajka |
|
Designation : |
Director |
|
Address : |
14, Casa Blanca, Cuffe Parade, Mumbai – 400 005, Maharashtra, India |
|
Date of Birth/Age : |
30.06.1975 |
|
Qualification : |
MBA |
|
Date of Appointment : |
29.09.1993 |
|
PAN No.: |
AABPB7343J |
|
DIN No.: |
00339856 |
|
|
|
|
Name : |
Mr. Amit Ganeshprasad Bhimrajka |
|
Designation : |
Director |
|
Address : |
43-B, Jolly Maker, Cuffe Parade, Mumbai – 400 005, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1979 |
|
Qualification : |
MBA |
|
Date of Appointment : |
28.01.2002 |
|
PAN No.: |
AEZPB9587L |
|
DIN No.: |
00340002 |
|
|
|
|
Name : |
Mr. Rohan Vinod Bhimrajka |
|
Designation : |
Director |
|
Address : |
84, Sea Lord - A, Cuffe Parade, Mumbai – 400 005, Maharashtra, India |
|
Date of Birth/Age : |
04.08.1985 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.04.2007 |
|
PAN No.: |
AHOPB9428N |
|
DIN No.: |
00340059 |
|
|
|
|
Name : |
Mr. Rajiv Anoop Bhimrajka |
|
Designation : |
Director |
|
Address : |
184, Jupiter Apartment, Cuffe Parade, Mumbai – 400 005, Maharashtra,
India |
|
Date of Birth/Age : |
02.03.1986 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.04.2006 |
|
PAN No.: |
AHWPB8394B |
|
DIN No.: |
01739611 |
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|
|
|
Name : |
Mr. Tanay Anoop Bhimrajka |
|
Designation : |
Director |
|
Address : |
184, Jupiter Apartment, Cuffe Parade, Mumbai – 400 005, Maharashtra,
India |
|
Date of Birth/Age : |
17.05.1994 |
|
Date of Appointment : |
30.09.2013 |
|
PAN No.: |
APBPB5379M |
|
DIN No.: |
06395263 |
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|
|
|
Name : |
Mr. Dara Jehangir Bharucha |
|
Designation : |
Director |
|
Address : |
P-31, Cusrow Baug, S.B. Singh Road, Mumbai – 400 039, Maharashtra,
India |
|
Date of Birth/Age : |
12.01.1936 |
|
Qualification : |
Rubber
Technology Engineering |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00823456 |
|
|
|
|
Name : |
Mr. Ranbir Krishan Munilall Sharma |
|
Designation : |
Director |
|
Address : |
9A, Malabar Apartments, Nepeansea Road, Mumbai - 400036, Maharashtra,
India |
|
Date of Appointment : |
23.03.2015 |
|
DIN No.: |
07163325 |
KEY EXECUTIVES
|
Name : |
Mr. Bhagwati |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rajkumari G. Bhimrajka |
|
4000 |
|
Siddharth G. Bhimrajka |
|
3000 |
|
Neha S. Bhimrajka |
|
4500 |
|
Amit G. Bhimrajka |
|
2000 |
|
Vinodkumar J. Bhimrajka |
|
20000 |
|
Asha V. Bhimrajka |
|
36000 |
|
Rohan V. Bhimrajka |
|
17500 |
|
Vinodkumar J. Bhimrajka HUF |
|
5000 |
|
Sangeeta A. Bhimrajka |
|
36000 |
|
Rajiv A. Bhimrajka |
|
20000 |
|
Tanay A Bhimrajka |
|
17500 |
|
Vishnukumar J. Bhimrajka |
|
20000 |
|
Anjali V. Bhimrajka |
|
36000 |
|
Vishnukumar J. Bhimrajka HUF |
|
22500 |
|
Priyanka A. Bhimrajka |
|
1000 |
|
Anoopkumar J. Bhimrajka HUF |
|
5000 |
|
|
|
|
|
Total |
|
250000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
87.00 |
|
Others
|
13.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Synthetic Rubber, Polymers and Chemicals. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
·
Janata Sahakari Bank Limited, Deccan Chambers,
196; JSS Road; Goregaon, Mumbai – 400 004, Maharashtra, India ·
Citibank N.A., DLF Square, Jacaranda Marg, M
Block, DLF City, Phase II, Gurgaon – 122 002, Haryana, India |
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Facilities : |
|
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Auditors : |
|
|
Name : |
Vinod K. Mehta and Company Chartered Accountants |
|
Address : |
B-5, Satyam Shopping Centre, 2nd Floor,
Ghatkopar (East), Mumbai – 400 077, Maharashtra, India |
|
PAN
No.: |
AADFV6947N |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Other Related Parties : |
Vidit Polymers LLP, India |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500
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 |
2.500 |
3.140 |
3.140 |
|
(b) Reserves & Surplus |
405.785 |
469.198 |
425.646 |
|
(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) |
408.285 |
472.338 |
428.786 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
31.330 |
67.644 |
28.533 |
|
(d)
Long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
31.330 |
67.644 |
28.533 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
56.111 |
6.481 |
11.424 |
|
(b)
Trade payables |
367.410 |
307.926 |
325.642 |
|
(c)
Other current liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
Short-term provisions |
5.945 |
5.281 |
4.162 |
|
Total
Current Liabilities (4) |
429.466 |
319.688 |
341.228 |
|
|
|
|
|
|
TOTAL |
869.081 |
859.670 |
798.547 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
92.324 |
66.958 |
71.585 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.076 |
0.419 |
0.291 |
|
(d) Long-term Loan
and Advances |
6.812 |
6.481 |
8.155 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
99.212 |
73.858 |
80.031 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
309.535 |
309.221 |
232.368 |
|
(c)
Trade receivables |
408.345 |
418.180 |
335.889 |
|
(d)
Cash and cash equivalents |
22.832 |
20.737 |
(2.696) |
|
(e)
Short-term loans and advances |
29.157 |
37.674 |
152.932 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.023 |
|
Total
Current Assets |
769.869 |
785.812 |
718.516 |
|
|
|
|
|
|
TOTAL |
869.081 |
859.670 |
798.547 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
1838.403 |
1795.108 |
1396.424 |
|
|
|
Other Income |
2.818 |
5.147 |
3.064 |
|
|
|
TOTAL |
1841.221 |
1800.255 |
1399.488 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
238.058 |
82.845 |
19.349 |
|
|
|
Purchases of Stock-in-Trade |
1338.807 |
1541.010 |
1179.652 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
13.961 |
(57.617) |
(31.516) |
|
|
|
Employees benefits expense |
21.874 |
17.817 |
9.968 |
|
|
|
Other expenses |
147.129 |
123.328 |
98.543 |
|
|
|
Exceptional Items |
(0.161) |
0.000 |
29.137 |
|
|
|
TOTAL |
1759.668 |
1707.383 |
1305.133 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
81.553 |
92.872 |
94.355 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
12.640 |
16.391 |
4.665 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
68.913 |
76.481 |
89.690 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
13.621 |
11.757 |
10.263 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
55.292 |
64.724 |
79.427 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
18.544 |
21.172 |
24.491 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
36.748 |
43.552 |
54.936 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Earning on Other Income |
16.678 |
21.875 |
13.533 |
|
|
TOTAL EARNINGS |
16.678 |
21.875 |
13.533 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1262.962 |
1368.351 |
979.664 |
|
|
|
Capital Goods |
10.859 |
1.304 |
0.651 |
|
|
TOTAL IMPORTS |
1273.821 |
1369.655 |
980.315 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
142.31 |
138.70 |
174.96 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
2050.000 |
Expected Sales (2015-2016): Rs.2500.000 million
The above information has been parted by Mr. Bhagwati (Accounts Head)
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 flow from (used in) operations |
196.727 |
(125.479) |
66.329 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
2.00 |
2.43 |
3.93 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
4.44 |
5.17 |
6.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
6.36 |
7.53 |
9.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.14 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.14 |
0.01 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.79 |
2.46 |
2.11 |
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 |
3.140 |
3.140 |
2.500 |
|
Reserves & Surplus |
425.646 |
469.198 |
405.785 |
|
Net
worth |
428.786 |
472.338 |
408.285 |
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
11.424 |
6.481 |
56.111 |
|
Total
borrowings |
11.424 |
6.481 |
56.111 |
|
Debt/Equity
ratio |
0.027 |
0.014 |
0.137 |
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 |
1396.424 |
1795.108 |
1838.403 |
|
|
|
28.550 |
2.412 |
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
|
1396.424 |
1795.108 |
1838.403 |
|
Profit |
54.936 |
43.552 |
36.748 |
|
|
3.93% |
2.43% |
2.00% |
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 |
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
NOTE: The Registered office
of the company has been shifted from 708, Maker Chambers V, Nariman Point,
Mumbai – 400 021, Maharashtra, India to the present address w.e.f. 22.06.2009.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10511097 |
12/07/2014 |
50,000,000.00 |
HDFC Bank Limited |
HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai, Maharashtra - 400013, India |
C13606603 |
|
2 |
10137017 |
18/11/2014 * |
230,000,000.00 |
Citi Bank N.A. |
First International
Financial Centre (FIFC), 9th Floor, Bandra Kurla Complex, Mumbai,
Maharashtra - 400051, India |
C43206465 |
* Date of charge modification
FIXED ASSETS:
· Land
· Buildings
· Factory Building
· Other Building
· Plant and Equipment
· Other plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
· Other 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 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.65.29 |
|
|
1 |
Rs.99.31 |
|
Euro |
1 |
Rs.73.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--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 |
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 |
|
46 |
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.