MIRA INFORM REPORT
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Report No. : |
345534 |
|
Report Date : |
19.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
AUTOMARK TECHNOLOGIES ( |
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Registered
Office : |
'Gurukripa', |
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Tel. No.: |
91-7232-244134/ 244247/ 243275 |
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Country : |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
29.04.2002 |
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Com. Reg. No.: |
11-135673 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.800 Million |
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|
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CIN No.: [Company Identification
No.] |
U24290MH2002PTC135673 |
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|
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IEC No.: |
0302018131 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
NGPA03653G |
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PAN No.: [Permanent Account No.] |
AADCA4932F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of |
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No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 255000 |
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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 established company incorporated in the year 2002 having
satisfactory track record. Available financial indicates company’s acceptable financial base
marked by sound networth position with negligible debt recorded and good
profit margin of the company. 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.
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 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
January 28, 2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Manish Nathar |
|
Designation : |
Accountant |
|
Contact No.: |
91-7232-244134 |
|
Date : |
16.10.2015 |
LOCATIONS
|
Registered Office : |
'Gurukripa', Datta Square, Yavatmal – 445001, Maharashtra |
|
Tel. No.: |
91-7232-244134/ 244247/ 243275 |
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Fax No.: |
91-7232-245430 |
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E-Mail : |
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Website : |
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Corporate Office : |
1st Floor, 'Saraf Court', Opposite Yashwant Stadium, Dhantoli, Nagpur - 440012 (Maharashtra) INDIA |
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Tel. No.: |
91-712-6603671-678/ 66157688/ 2461111 |
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Fax No.: |
91-712-6603679 |
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Factory : |
Behind Islamic Madasa, Nagpur, Wardha Road, 18 Km from Nagpur towards Wardha, at Post Bothas Village, District Nagpur, Maharashtra, India |
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Branch Offices : |
Located at: · Andhra Pradesh Bihar Chhattisgarh Gujarat Madhya Pradesh Maharashtra Punjab Rajasthan Tamilnadu |
DIRECTORS
AS ON 18.08.2014
|
Name : |
Mr. Arunkumar Dalichand Khara |
|
Designation : |
Managing director |
|
Address : |
Gurukripa, Datta Square, Yavatmal - 445001, Maharashtra, India |
|
Date of Birth/Age : |
08.02.1944 |
|
Date of Appointment : |
29.04.2002 |
|
DIN No.: |
00171580 |
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|
|
|
Name : |
Mr. Mayur Khara |
|
Designation : |
Director |
|
Address : |
Plot No. 261, Jail Road,, Rahate Colony, Nagpur - 440022, Maharashtra, India |
|
Date of Birth/Age : |
26.07.1969 |
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Date of Appointment : |
29.04.2002 |
|
DIN No.: |
00171615 |
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Name : |
Mr. Amit Khara |
|
Designation : |
Director |
|
Address : |
Plot No. 102, Padmasakha Apartment, Flat No. 401, Ramdaspeth, Nagpur - 440010, Maharashtra, India |
|
Date of Birth/Age : |
23.11.1977 |
|
Date of Appointment : |
29.04.2002 |
|
DIN No.: |
00171661 |
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|
|
|
Name : |
Mr. Harish Balkrishnaji Zawar |
|
Designation : |
Director |
|
Address : |
17, Anjaneya Society,, Wadgaon Road,, Yavatmal - 445001, Maharashtra, India |
|
Date of Birth/Age : |
13.09.1944 |
|
Date of Appointment : |
30.05.2011 |
|
DIN No.: |
00556928 |
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|
|
|
Name : |
Mr. Amin Nagani |
|
Designation : |
Director |
|
Address : |
4, Gulshan Colony, Shaheed Society,, Yavatmal- 445001, Maharashtra, India |
|
Date of Birth/Age : |
01.12.1953 |
|
Date of Appointment : |
09.06.2012 |
|
DIN No.: |
01218173 |
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|
|
|
Name : |
Mr. Dhawalkumar Kirankumar Shah |
|
Designation : |
Director |
|
Address : |
Jain Mandir Road, 20, Rajendra Nagar, Dhamangaon Road, Yavatmal - 445001, Maharashtra, India |
|
Date of Birth/Age : |
20.11.1982 |
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Date of Appointment : |
09.06.2012 |
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DIN No.: |
01445352 |
KEY EXECUTIVES
|
Name : |
Mr. Manish Nathar |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 18.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
Automark Industries (India) Limited, India |
|
279998 |
|
Arunkumar Dalichand Khara |
|
1 |
|
Mayur Khara |
|
1 |
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Total |
|
280000 |
AS ON 18.08.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
100.00 |
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|
|
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20345534%2019-Oct-2015_files/image002.gif)
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Thermoplastic Road Marking Materials. |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
· Sri Lanka Hong Kong Ghana |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS (AS ON 31.03.2014)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
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|
Thermoplastic Material |
MT |
NA |
20000 |
14760250 |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Manufacturer
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No. of Employees : |
40 (Approximately) |
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Bankers : |
· The Yavatmal Urban Co-operative Bank Limited Datta Chowk, Yavatmal - 445001, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
P. D. Chopda and Company Chartered Accountants |
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Address : |
Jaycee Bhavan, Dhamangaon Road, Yavatmal – 445001, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AASPC0443R |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
Automark Industries (India) Limited [U29290MH1988PLC046196] |
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Related Party : |
Ashirwad Real Estate |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 2.800 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300,000 |
Equity Shares |
Rs. 10/- each |
Rs. 3.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
280,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.800 Million |
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|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF
FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.800 |
2.800 |
2.800 |
|
(b) Reserves & Surplus |
86.548 |
73.953 |
61.725 |
|
(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) |
89.348 |
76.753 |
64.525 |
|
|
|
|
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|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.570 |
0.035 |
3.326 |
|
(b) Deferred tax liabilities (Net) |
0.041 |
0.182 |
0.169 |
|
(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) |
0.611 |
0.217 |
3.495 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
64.993 |
57.622 |
52.976 |
|
(b)
Trade payables |
152.596 |
119.379 |
154.318 |
|
(c)
Other current liabilities |
5.694 |
2.243 |
2.237 |
|
(d) Short-term
provisions |
0.447 |
0.317 |
0.145 |
|
Total Current
Liabilities (4) |
223.730 |
179.561 |
209.676 |
|
|
|
|
|
|
TOTAL |
313.689 |
256.531 |
277.696 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
19.511 |
16.904 |
4.884 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
11.383 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.041 |
0.040 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.060 |
0.060 |
0.051 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
19.612 |
17.004 |
16.318 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
95.893 |
78.634 |
54.053 |
|
(c)
Trade receivables |
92.933 |
100.025 |
168.720 |
|
(d) Cash
and cash equivalents |
89.865 |
46.803 |
21.718 |
|
(e) Short-term
loans and advances |
9.600 |
9.120 |
11.038 |
|
(f)
Other current assets |
5.786 |
4.945 |
5.849 |
|
Total
Current Assets |
294.077 |
239.527 |
261.378 |
|
|
|
|
|
|
TOTAL |
313.689 |
256.531 |
277.696 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
650.915 |
589.119 |
601.173 |
|
|
|
Other Income |
3.261 |
2.889 |
2.817 |
|
|
|
TOTAL (A) |
654.176 |
592.008 |
603.990 |
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
552.142 |
483.617 |
-- |
|
|
|
Manufacturing Expenses |
4.510 |
4.027 |
4.093 |
|
|
|
Purchases of Stock-in-Trade |
52.203 |
40.768 |
-- |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(3.291) |
(1.449) |
-- |
|
|
|
Employees benefits expense |
4.472 |
3.798 |
3.642 |
|
|
|
Other expenses |
16.074 |
30.863 |
569.711 |
|
|
|
TOTAL (B) |
626.110 |
561.624 |
577.446 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
28.066 |
30.384 |
26.544 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.404 |
10.386 |
7.874 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
21.662 |
19.998 |
18.670 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.725 |
1.857 |
0.681 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
18.937 |
18.141 |
17.989 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.342 |
5.913 |
5.844 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
12.595 |
12.228 |
12.145 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings [FOB Basis] |
NA |
30.676 |
27.360 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchases |
NA |
293.001 |
250.173 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
44.98 |
43.67 |
43.38 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
42.519 |
29.480 |
|
|
|
|
|
|
Net Cash flow from Operating Activities |
NA |
36.619 |
23.580 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.93 |
2.08 |
2.02 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
4.31 |
5.16 |
4.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.04 |
7.07 |
6.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.24 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.73 |
1.31 |
1.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
1.33 |
1.25 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
2.800 |
2.800 |
2.800 |
|
Reserves & Surplus |
61.725 |
73.953 |
86.548 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
64.525 |
76.753 |
89.348 |
|
|
|
|
|
|
Long-term borrowings |
3.326 |
0.035 |
0.570 |
|
Short term borrowings |
52.976 |
57.622 |
64.993 |
|
Total
borrowings |
85.782 |
100.176 |
65.563 |
|
Debt/Equity ratio |
1.329 |
1.305 |
0.734 |
%20PRIVATE%20LIMITED%20-%20345534%2019-Oct-2015_files/image004.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
601.173 |
589.119 |
650.915 |
|
|
|
-2.005 |
10.490 |
%20PRIVATE%20LIMITED%20-%20345534%2019-Oct-2015_files/image006.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
601.173 |
589.119 |
650.915 |
|
Profit |
12.145 |
12.228 |
12.595 |
|
|
2.02% |
2.08% |
1.93% |
%20PRIVATE%20LIMITED%20-%20345534%2019-Oct-2015_files/image008.gif)
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) |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10131988 |
04/06/2015 * |
218,000,000.00 |
BANK OF INDIA |
BANK OF INDIA BUILDING,
MAZANNINE FLOOR, S.V. PATEL MARG, NAGPUR, MAHARASHTRA - 440001, INDIA |
C56659014 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and deposits from related parties |
0.035 |
3.326 |
|
SHORT TERM BORROWINGS |
|
|
|
From Others |
0.000 |
4.764 |
|
|
|
|
|
Total |
0.035 |
8.090 |
FIXED ASSETS:
· Buildings
Plant
and Machinery
Furniture
and Fixture
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 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. 64.97 |
|
|
1 |
Rs. 100.55 |
|
Euro |
1 |
Rs. 73.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
44 |
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.