MIRA INFORM REPORT
|
Report No. : |
344675 |
|
Report Date : |
14.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
HEMANI INDUSTRIES LIMITED (.w.e.f 03.05.2011) |
|
|
|
|
Formerly Known
As : |
HEMANI INTERMEDIATES LIMITED (w.e.f. 15.04.2011) HEMANI INTERMEDIATES PRIVATE LIMITED |
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Registered
Office : |
706-710, Reena Complex, Opposite Nathani Steels, Vidyavihar (West),
Mumbai – 400086, |
|
Tel. No.: |
91-22-25157491 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as on)
: |
31.03.2014 |
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|
Date of
Incorporation : |
03.02.1994 |
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|
|
|
Com. Reg. No.: |
11-076416 |
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Capital
Investment / Paid-up Capital : |
Rs.90.058 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24114MH1994PLC076416 |
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|
|
IEC No.: |
0395018544 |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH08249D |
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|
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PAN No.: [Permanent Account No.] |
AAACH1117Q |
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|
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer, exporter and importer of agrochemical intermediates and
dyes and intermediates. |
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|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3000000 |
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|
|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an old and established company incorporated in the year
1994. It has satisfactory track. The ratings takes into consideration sound financial risk profile of
the company marked by adequate networth base along with comfortable debt
level of the company. The company has reported decent growth in its revenue base along with
decent profit margin in FY14. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of long track along with healthy financial condition, the
company can be considered for business dealings with usual trade terms and
conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term ratings= BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
January, 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating= A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
January, 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 (GENERAL DETAILS)
|
Name : |
Mr. Shirke |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-61407615 |
|
Date : |
13.10.2015 |
LOCATIONS
|
Registered Office : |
706-710, Reena Complex, Opposite Nathani Steels, Vidyavihar (West),
Mumbai – 400086, |
|
Tel. No.: |
91-22-25157491/ 25131641/ 25156988/ 23723215 |
|
Fax No.: |
91-22-25134483 |
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E-Mail : |
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Website : |
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Factory 1 : |
Unit
-II, Plot No.3207/A and B, 3208/1
and 2, GIDC Industrial Estate, Ankleshwar –
393002, Bharuch, Gujarat, India |
|
|
|
|
Factory 2 : |
Unit-III,
CH/5, GIDC Industrial Estate, Dahej, Taluka: Vagra, Bharuch – 392140, Gujarat, India |
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Factory 3 : |
780/1
& 2, 40, Shed Area, G.I.D.C., Vapi – 396195, Gujarat, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Mohan Sunderji Dama |
|
|
Designation : |
Managing Director |
|
|
Address : |
Flat No 13, 7th Floor, Khatau Apartment, Co-operative Housing
Society, Joshi Lane, Tilak Road, Ghatkopar (East), Mumbai – 400077,
Maharashtra, India |
|
|
Date of Birth/Age : |
21.06.1955 |
|
|
Date of Appointment : |
01.08.2007 |
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|
DIN No.: |
01803334 |
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PAN No.: |
AAAPD5983B |
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|
|
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|
Name : |
Mr. Nitin Karasandas Dama |
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|
Designation : |
Whole Time Director |
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|
Address : |
Sai Krupa, Plot No.209, Room No. 703, Near Samarpan, Blood Bank, |
|
|
Date of Birth/Age : |
07.11.1964 |
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|
Date of Appointment : |
24.07.2010 |
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DIN No.: |
01058731 |
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PAN No.: |
AAAPD5984G |
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Name : |
Mr. Premji Sunderji Hemani |
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Designation : |
Whole Time Director |
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|
Address : |
Payal Morden Co-operative Housing Society, Plot No. 273, GIDC Vapile
Pardi, Valsad – 396195, |
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|
Date of Birth/Age : |
15.11.1952 |
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|
Date of Appointment : |
01.08.2007 |
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|
DIN No.: |
01808898 |
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PAN No.: |
AAAPH1130Q |
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|
|
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|
Name : |
Mr. Korji Padamshi Hemani |
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Designation : |
Director |
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Address : |
601, Sanskar Chembers, |
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|
Date of Birth/Age : |
05.05.1950 |
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|
Date of Appointment : |
04.05.2011 |
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|
DIN No.: |
03514756 |
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|
Name : |
Mr. Arvind Kalyanji Mav |
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Designation : |
Director |
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Address : |
703, Reena Complex, Ramdev Nagar, Vidya Vihar (West), Mumbai – 400084,
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Date of Birth/Age : |
19.07.1971 |
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|
Date of Appointment : |
17.05.2011 |
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DIN No.: |
03517486 |
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|
|
|
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|
Name : |
Mr. Girdhar Khetshi Bhanushali |
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|
Designation : |
Director |
|
|
Address : |
Kaveri Chembers Limited, Flat No. 1201/2, Neelkanth Valley, 7th
Rajawadi Road, Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
|
Date of Birth/Age : |
27.06.1958 |
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|
Date of Appointment : |
17.05.2011 |
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|
DIN No.: |
03517496 |
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|
|
|
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|
Name : |
Mr. Vibhas Anant Divekar |
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|
Designation : |
Director |
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|
Address : |
Flat No. 106, Sai Shradha Co-operative Housing Society, Near R-10,
Corner, Jaldhara Chokdi Road, G. I. D. C., Ankleshwar-393001, Gujarat, India |
|
|
Date of Birth/Age : |
21.03.1950 |
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Date of Appointment : |
30.09.2014 |
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DIN No.: |
06912422 |
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|
|
|
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|
Name : |
Mr. Dinanath Ramayan Ray |
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Designation : |
Director |
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|
Address : |
B-08, Purnima apartment, Near Madhuvan Society, Vahia Road,
Ankleshwar-393002, Gujarat, India |
|
|
Date of Birth/Age : |
01.07.1952 |
|
|
Date of Appointment : |
30.09.2014 |
|
|
DIN No.: |
06917719 |
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KEY EXECUTIVES
|
Name : |
Mr. Shirke |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Minal Mohan Dama |
1758185 |
|
Naina Premji Hemani |
1380810 |
|
Mohan Sunderji Dama |
1518060 |
|
Mohan Sunderji Dama HUF |
593750 |
|
Premji Sunderji Hemani HUF |
735620 |
|
Premji Sunderji Hemani |
1609250 |
|
Jayesh Mohan Dama |
632880 |
|
Jailesh Premji Hemani |
777195 |
|
|
|
|
Total |
9005750 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, exporter and importer of agrochemical intermediates and
dyes and intermediates. |
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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 : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers, End Users
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Haren Parekh and Company Chartered Accountants |
|
Address : |
322/323, |
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PAN No.: |
AAHPC9566G |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Enterprise over which key management
personnel and their relatives are able to exercise significant influence : |
· Ideal Dye Chem Industries · Premonit International Eximp · Yogeshwar Chemicals · Hemani Agro Chem Private Limited · Hemani Chemiorganics Private Limited · Lord Enclave Private Limited · B. K. Enterprises · Dhavaldeep Ind. Syndicate · Kush Shipping Agencies |
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 |
|
|
|
|
|
|
9005750 |
Equity Shares |
Rs.10/- each |
Rs.90.058 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 |
90.058 |
90.058 |
90.058 |
|
(b) Reserves & Surplus |
975.014 |
749.175 |
517.804 |
|
(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) |
1065.072 |
839.233 |
607.862 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
269.739 |
255.531 |
270.402 |
|
(b) Deferred tax liabilities (Net) |
13.729 |
15.995 |
16.708 |
|
(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) |
283.468 |
271.526 |
287.110 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
669.209 |
592.864 |
436.207 |
|
(b) Trade
payables |
836.694 |
756.778 |
638.800 |
|
(c) Other
current liabilities |
144.132 |
117.220 |
146.967 |
|
(d) Short-term
provisions |
30.244 |
82.970 |
87.643 |
|
Total Current
Liabilities (4) |
1680.279 |
1549.832 |
1309.617 |
|
|
|
|
|
|
TOTAL |
3028.819 |
2660.591 |
2204.589 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
767.209 |
716.261 |
628.978 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
61.300 |
48.366 |
63.113 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.185 |
5.185 |
5.235 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
36.536 |
40.835 |
36.435 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
870.230 |
810.647 |
733.761 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
419.886 |
325.879 |
273.420 |
|
(c) Trade
receivables |
1240.908 |
1110.706 |
927.201 |
|
(d) Cash
and cash equivalents |
28.650 |
31.699 |
17.468 |
|
(e)
Short-term loans and advances |
425.773 |
350.350 |
218.015 |
|
(f) Other
current assets |
43.372 |
31.310 |
34.724 |
|
Total
Current Assets |
2158.589 |
1849.944 |
1470.828 |
|
|
|
|
|
|
TOTAL |
3028.819 |
2660.591 |
2204.589 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4202.667 |
3773.546 |
3000.239 |
|
|
|
Other Income |
59.441 |
111.115 |
48.334 |
|
|
|
TOTAL (A) |
4262.108 |
3884.661 |
3048.573 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2236.957 |
1924.776 |
1491.576 |
|
|
|
Purchase of Stock-in-trade |
592.348 |
520.535 |
396.724 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(154.923) |
(15.377) |
(55.767) |
|
|
|
Employee Benefits Expenses |
89.364 |
76.057 |
62.171 |
|
|
|
Other Expenses |
939.627 |
845.802 |
721.143 |
|
|
|
TOTAL (B) |
3703.373 |
3351.793 |
2615.847 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
558.735 |
532.868 |
432.726 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
83.483 |
74.989 |
48.371 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
475.252 |
457.879 |
384.355 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
110.679 |
96.231 |
86.441 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
364.573 |
361.648 |
297.914 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
138.734 |
130.277 |
98.467 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
225.839 |
231.371 |
199.447 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
3225.855 |
2902.541 |
2228.090 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
138.955 |
230.061 |
177.612 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
25.00 |
26.00 |
22.15 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
78.623 |
68.612 |
84.874 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
360.238 |
238.732 |
73.311 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
5.37 |
6.13 |
6.65 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
13.29 |
14.12 |
14.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
12.31 |
13.87 |
13.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34 |
0.43 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.96 |
1.09 |
1.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.19 |
1.12 |
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 |
90.058 |
90.058 |
90.058 |
|
Reserves & Surplus |
517.804 |
749.175 |
975.014 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
607.862 |
839.233 |
1065.072 |
|
|
|
|
|
|
long-term borrowings |
270.402 |
255.531 |
269.739 |
|
Short term borrowings |
436.207 |
592.864 |
669.209 |
|
Current Maturities of Long term debt |
84.874 |
68.612 |
78.623 |
|
Total
borrowings |
791.483 |
917.007 |
1017.571 |
|
Debt/Equity
ratio |
1.302 |
1.093 |
0.955 |
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 |
3000.239 |
3773.546 |
4202.667 |
|
|
|
25.775 |
11.372 |
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
|
3000.239 |
3773.546 |
4202.667 |
|
Profit |
199.447 |
231.371 |
225.839 |
|
|
6.65% |
6.13% |
5.37% |
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 |
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 |
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 |
OPERATIONS:
During the year, the net turnover of the Company stood at Rs. 4202.667 million. The Company's potential to export its products in international market may lead to improvement in Company's operations in future. The company has various plans of backward and forward integration, which may result in cost saving as well as increase in returns as well as profitability. The company has plans of expanding the capacity of CMAC in the financial year 2014 - 2015.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Deposits from directors |
52.507 |
46.516 |
|
Deposits from shareholders |
75.279 |
88.639 |
|
Intercorporate deposits |
75.845 |
75.880 |
|
Deposits from others |
0.000 |
4.224 |
|
|
|
|
|
Total |
203.631 |
215.259 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10431155 |
23/12/2014 * |
150,000,000.00 |
HDFC Bank Limited |
Emerging Corporates Group, 1st Floor, Crossway Mall, Ghod Dod Road, Surat, Gujarat - 395007, India |
C42955666 |
|
2 |
10410067 |
23/12/2014 * |
250,000,000.00 |
Syndicate Bank |
2nd
Floor, 10, Homji Street,, Mumbai, Maharashtra |
C43657766 |
|
3 |
10240597 |
20/03/2012 * |
80,000,000.00 |
DBS Bank Limited |
221, Fort House, 3rd Floor, D.N. Road, Fort, Mumbai, Maharashtra - 400001, India |
B37440526 |
|
4 |
10277177 |
14/05/2010 |
70,000,000.00 |
DBS Bank Limited |
221, Fort House, 3rd Floor, D.N.Road, Fort, Mumbai, Maharashtra - 400001, India |
A91477489 |
|
5 |
10267163 |
23/12/2014 * |
80,000,000.00 |
DBS Bank Limited |
221, Fort House, 3rd Floor, D.N.Road, Fort, Mumbai, Maharashtra - 400001, India |
C39734926 |
|
6 |
10192050 |
14/05/2010 * |
72,000,000.00 |
Citibank N. A. |
Rembrandt, C. G. Road,, Na Panchvati Circle, Ahmedabad, Gujarat - 380006, India |
A88215603 |
|
7 |
10278546 |
18/09/2009 |
70,000,000.00 |
Dombivli Nagari Sahakari Bank Limited |
Madhukunj, Plot No. P/52, M.I.D.C. Phase II, Kalyan - Shil Road, Sonarpada, Dombivli East, Maharashtra - 421204, India |
A73045676 |
|
8 |
90095698 |
25/01/2007 * |
65,000,000.00 |
Citibank N. A. |
Citi Tower, 2nd Floor, Dr. S. S. Rao Road, Parel, Mumbai, Maharashtra - 400012, India |
A12184073 |
|
9 |
80019841 |
10/05/2013 * |
285,000,000.00 |
Citibank N. A. |
Trent House, 2nd Floor, G Block, Plot No.C60, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra – 400051, India |
B74965989 |
|
10 |
80044938 |
23/12/2014 * |
285,000,000.00 |
Citi Bank N.A. |
Kalapurnam Building, 1st Floor,, Cg Road, Near Municipal Market, Navrangpura, Ahmedabad, Gujarat - 380009, India |
C39441878 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 records 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.65.02 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.73.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
47 |
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.