MIRA
INFORM REPORT
|
Report No. : |
345765 |
|
Report Date : |
19.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
DORF-KETAL CHEMICALS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1, |
|
Tel. No.: |
91-22-28880420 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
12.05.1992 |
|
|
|
|
Com. Reg. No.: |
11-066726 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1502.995 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1992PTC066726 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD04225E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD3819P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Chemicals. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
For the financial year ended 2014, company has reported 12.10% sales turnover
growth as compared to previous sales turnover and it has maintained
satisfactory profitability margins at 3.65% during the year under a review. Rating takes into account of company’s healthy market position in the
process chemicals and specialty catalysts business, backed by its healthy
financial profile along adequate debt protection metrics and sound liquidity
position. Rating strength partially offset by company exposure to risks related
to customer concentration in revenue and large working capital requirements. Trade relations are reported as fair. Payments are reported to be
regular and as per commitment. In view of aforesaid, the company can be considered good for normal
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 |
Long Term Rating = A |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
March 27, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
March 27, 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 DECLINED BY
|
Name : |
Mr. Manoj |
|
Designation : |
Logistics Department |
|
Contact No.: |
91-22-42974909 |
|
Date : |
17.10.2015 |
|
Name : |
Mr. Mihir |
|
Designation : |
Finance Department |
|
Contact No.: |
91-22-42974909 |
|
Date : |
17.10.2015 |
LOCATIONS
|
Registered Office
/ Marketing and Sales Department : |
1, |
|
Tel. No.: |
91-22-28880420/ 421/ 422/ 423/ 28833900/
28828374/ 28833901 |
|
Fax No.: |
91-22-28813655/ 28882366 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
11104 |
|
Tel. No.: |
832-351-3492/351-3497 |
|
Fax No.: |
832-351-3498 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
W-165, MIDC, Taloja Chemical Zone, Taluka Panvel, District Raigad, |
|
|
|
|
Factory 2: |
Plot Survey No. 141, Near Water Treatment Plants of HPSEZ, Mundra,
Kutch -370 421, |
|
|
|
|
Factory 3: |
100 Percent Eou S.N.no. 130/1, Jayantibhai Desai Marg, Village Dadra,
Silvassa Dadra Nagar and Haveli 396191 |
|
|
|
|
Overseas Offices : |
Located
at: ·
Brazil Netherlands USA Kingdom of Bahrain China Singapore |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Sudhir Vijayaraghav Menon |
|
Designation : |
Chairman and Managing director |
|
Address : |
501, Swapna Lok, Marve Road, Malad (West), Mumbai – 400064,
Maharashtra, India |
|
Date of Birth/Age : |
27.06.1963 |
|
Qualification : |
Chemical Engg., LLB, MBA |
|
Date of Appointment : |
09.07.1995 |
|
PAN No.: |
AAJPM4604R |
|
DIN No.: |
02487658 |
|
|
|
|
Name : |
Mr. Subodh Vijayaraghava Menon |
|
Designation : |
Director |
|
Address : |
301, Pankaj De’monte Street, Malad (West), Mumbai – 400064,
Maharashtra, India |
|
Date of Birth/Age : |
08.08.1971 |
|
Qualification : |
B. Sc. |
|
Date of Appointment : |
12.05.1992 |
|
PAN No.: |
AAAPM6916D |
|
DIN No.: |
00972842 |
|
|
|
|
Name : |
Mr. Perumangode Neelkandhan Ramaswamy |
|
Designation : |
Director |
|
Address : |
501, Sand Pebble Off, Veeradesai Road, 3rd
Azad Lane, Andheri (West), Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
22.12.1970 |
|
Date of Appointment : |
12.05.1992 |
|
PAN No.: |
AAAPR4696R |
|
DIN No.: |
02480775 |
|
|
|
|
Name : |
Mr. Aniparambil Vijayaraghava Menon |
|
Designation : |
Director |
|
Address : |
203, Swing Building, Opposite Nutun School,
Marve Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
23.07.1932 |
|
Date of Appointment : |
26.02.1996 |
|
PAN No.: |
AADPM5584B |
|
DIN No.: |
00019770 |
|
|
|
|
Name : |
Mrs. Padmaja Vijayraghavan Menon |
|
Designation : |
Director |
|
Address : |
203, Swing Building, Opposite Nutun School,
Marve Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1940 |
|
Date of Appointment : |
12.05.1992 |
|
PAN No.: |
AMIPM8138M |
|
DIN No.: |
02501009 |
|
|
|
|
Name : |
Mr. Mahesh Subramanyya Subramaniyam |
|
Designation : |
Director |
|
Address : |
1001, Orchid, hiranandani Meadows, Gladya
Alwares Marg, Off. Pokhran Road 2, Thane (West), Thane – 400610, Maharashtra,
India |
|
Date of Birth/Age : |
16.09.1968 |
|
Date of Appointment : |
31.03.2003 |
|
PAN No.: |
AKJPS5615A |
|
DIN No.: |
02507158 |
|
|
|
|
Name : |
Mr. Pramod Menon |
|
Designation : |
Director |
|
Address : |
701, 7th Floor, Sand Pebble Off,
Veeradesai Road, 3rd Azad Lane, Andheri (West), Mumbai – 400058,
Maharashtra, India |
|
Date of Birth/Age : |
04.01.1967 |
|
Date of Appointment : |
01.04.2007 |
|
PAN No.: |
AAHPM718P |
|
DIN No.: |
02529703 |
|
|
|
|
Name : |
Mr. George Mciver Brannon |
|
Designation : |
Director |
|
Address : |
10405 Manly
Chapel Hill, North Carolina-275178391, United States of America |
|
Date of Birth/Age : |
13.10.1951 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
03033411 |
|
|
|
|
Name : |
Mr. Matthew Harrison Knight |
|
Designation : |
Director |
|
Address : |
18, Maentel Drive, West Chester, PA USA 19382 |
|
Date of Birth/Age : |
10.07.1956 |
|
Date of Appointment : |
23.12.2011 |
|
DIN No.: |
05164222 |
|
|
|
|
Name : |
Mr. Akhilesh Bramhaprakash Bhargava |
|
Designation : |
Director |
|
Address : |
101, Gautam Parag Society, Lewis Wadi, Thane West – 400604,
Maharashtra, India |
|
Date of Birth/Age : |
25.08.1956 |
|
Date of Appointment : |
23.01.2012 |
|
DIN No.: |
05199030 |
KEY EXECUTIVES
|
Name : |
Mr. Manoj |
|
Designation : |
Logistics Department |
|
|
|
|
Name : |
Mr. Mihir |
|
Designation : |
Finance Department |
|
|
|
|
Name : |
Ms. Kajal Jayant Mehta |
|
Designation : |
Secretary |
|
Address : |
B/304, Jayshree Apartment Padma Nagar, Chiku Wadi, Borivali (West),
Mumbai – 400091, Maharashtra, India |
|
Date of Birth/Age : |
09.03.1987 |
|
Date of Appointment : |
01.12.2012 |
|
PAN No.: |
ATYPM4574C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Sudhir Menon |
|
9787118 |
|
Subodh Menon |
|
4998059 |
|
P N Ramaswamy |
|
26235 |
|
Aniparambil Menon |
|
4000 |
|
Padamaja Menon |
|
2040 |
|
Mahesh Subramanium |
|
2500 |
|
Sudhir Menon HUF |
|
209000 |
|
Pramod Menon |
|
1000 |
|
Total |
|
15029952 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Chemicals. |
|
|
|
|
Products : |
Chemicals |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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|
||||||||||||||||||||||
|
Bankers : |
· ABN Amro Bank N.V., 74, Sakhar Bhavan, 7th Floor, Nariman Point, Mumbai – 400021, Maharashtra, India Central Bank of Iondia, Kanbivli Branch, 192 A S
Viveknanad Road, Mumbai – 400067, Maharashtra, India Barclays Bank Plc, 801/808, Ceejay House, Shivsagar
Estate, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
S.S. Gajja and Company Chartered Accountants |
|
Address : |
9, Raj Mahal, Mathuradas Vissanji Road, Andheri (East),
Mumbai – 400069, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFS4063K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary company
: |
· Perfect Scales Company Private Limited [U29196MH1984PTC033331] Sudha Organics Private Limited [U24119MH1988PTC046283] Dorf Ketal Chemicals, LLC, USA Dorf Ketal Chemicals B.V Dorf Ketal Ltda, Brazil Dorf Ketal AG, Switzerland Dorf Ketal Speciality Catalyst Private Limited
[U24233MH2010PTC198273] DKSC LLC Dorf Ketal B.V. (Netherlands) Dorf Ketal Chemical AG Dorf Ketal FZE Dorf Ketal Chemicals (M) Sdn Dorf Ketal Chemicals Pte Ltimited |
|
|
|
|
Associate / Join
Ventures : |
· Beeta Flavour and Chemicals India Private Limited Fobeoz India Private Limited [U15540MH2005PTC153849] Octel Dorf Ketal (India) Private Limited
[U24299MH2001PTC133208] |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15500000 |
Equity Shares |
Rs.100/- each |
Rs. 1550.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15029952 |
Equity Shares |
Rs.100/-
each |
Rs. 1502.995
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 |
1502.995 |
1186.846 |
842.131 |
|
(b) Reserves & Surplus |
2058.228 |
1116.908 |
943.364 |
|
(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) |
3561.223 |
2303.754 |
1785.495 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
156.805 |
655.025 |
859.358 |
|
(b) Deferred tax liabilities
(Net) |
167.410 |
151.518 |
133.828 |
|
(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) |
324.215 |
806.543 |
993.186 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1048.160 |
995.125 |
881.485 |
|
(b) Trade payables |
806.985 |
647.521 |
353.936 |
|
(c) Other current liabilities |
112.965 |
238.001 |
191.352 |
|
(d) Short-term provisions |
76.285 |
177.988 |
411.303 |
|
Total
Current Liabilities (4) |
2044.395 |
2058.635 |
1838.076 |
|
|
|
|
|
|
TOTAL |
5929.833 |
5168.932 |
4616.757 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1176.885 |
1076.974 |
903.894 |
|
(ii) Intangible Assets |
179.531 |
209.713 |
235.493 |
|
(iii) Capital work-in-progress |
15.522 |
13.814 |
78.900 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
462.306 |
402.078 |
400.298 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
607.927 |
921.536 |
456.589 |
|
(e) Other Non-current assets |
3.430 |
2.916 |
1.912 |
|
Total
Non-Current Assets |
2445.601 |
2627.031 |
2077.086 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
539.856 |
524.063 |
432.569 |
|
(c) Trade receivables |
2511.838 |
1695.104 |
1799.082 |
|
(d) Cash and cash equivalents |
136.311 |
147.377 |
205.473 |
|
(e) Short-term loans and
advances |
296.227 |
155.255 |
94.346 |
|
(f) Other current assets |
0.000 |
20.102 |
8.201 |
|
Total
Current Assets |
3484.232 |
2541.901 |
2539.671 |
|
|
|
|
|
|
TOTAL |
5929.833 |
5168.932 |
4616.757 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
(A) |
5519.400 |
4923.000 |
4113.300 |
|
|
|
|
|
|
|
Less |
TOTAL
OPERATING EXPENSES (B) |
4987.800 |
4367.500 |
3585.900 |
|
|
|
|
|
|
|
Add |
Dividend
and Other Income |
53.800 |
54.900 |
36.800 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
585.400 |
610.400 |
564.200 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
200.600 |
256.600 |
242.300 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
384.800 |
353.800 |
321.900 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
108.100 |
111.000 |
97.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
276.700 |
242.800 |
224.900 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
75.500 |
69.300 |
58.500 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
201.200 |
173.500 |
166.400 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
1084.800 |
911.300 |
744.900 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
1286.000 |
1084.800 |
911.300 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
2387.604 |
46.022 |
|
|
TOTAL
EARNINGS |
0.000 |
2387.604 |
46.022 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
13.39 |
11.54 |
11.07 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
73.632 |
71.637 |
256.255 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(324.220) |
(13.875) |
(175.825) |
|
Net cash flow from operating activity |
(183.866) |
190.136 |
56.512 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.65 |
3.52 |
4.05 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
10.61 |
12.40 |
13.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.08 |
5.11 |
5.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.11 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.36 |
0.75 |
1.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.70 |
1.23 |
1.38 |
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 |
842.131 |
1186.846 |
1502.995 |
|
Reserves & Surplus |
943.364 |
1116.908 |
2058.228 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1785.495 |
2303.754 |
3561.223 |
|
|
|
|
|
|
long-term borrowings |
859.358 |
655.025 |
156.805 |
|
Short term borrowings |
881.485 |
995.125 |
1048.160 |
|
Current Maturities Of Long-Term Debts |
80.116 |
71.637 |
73.632 |
|
Total
borrowings |
1820.959 |
1721.787 |
1278.597 |
|
Debt/Equity
ratio |
1.020 |
0.747 |
0.359 |
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) |
|
Total Income |
4113.300 |
4923.000 |
5519.400 |
|
|
|
19.685 |
12.115 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
4113.300 |
4923.000 |
5519.400 |
|
Profit |
166.400 |
173.500 |
201.200 |
|
|
4.05% |
3.52% |
3.65% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long Term
Borrowing |
|
|
|
Loans and advances from related parties |
10.734 |
638.987 |
|
Short Term
Borrowing |
|
|
|
Working capital loans from banks |
631.067 |
575.035 |
|
Total |
641.801 |
1214.022 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10426538 |
30/04/2013 |
3,228,000.00 |
STATE BANK OF INDIA |
IFB, Natraj Building, 102, 1st Floor, 194,, Sir M |
B75420760 |
|
2 |
10406786 |
18/02/2013 |
240,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BAN |
B69096329 |
|
3 |
10398007 |
28/12/2012 |
1,040,000.00 |
STATE BANK OF INDIA |
IFB, Natraj Building, 102, 1st Floor, 194,, Sir M |
B66226200 |
|
4 |
10398009 |
28/12/2012 |
837,000.00 |
STATE BANK OF INDIA |
IFB, Natraj Building, 102, 1st Floor, 194,, Sir M |
B66226267 |
|
5 |
90154378 |
25/04/2013 * |
1,341,700,000.00 |
STATE BANK OF INDIA |
IFB, Natraj Building, 102, 1st Floor, 194,, Sir M |
B74577735 |
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Guarantees |
2670.298 |
2559.705 |
|
Other money for which company is contingently liable |
169.214 |
135.737 |
FIXED ASSETS
· Land
Buildings
Office
building
Plant
and equipment
Furniture
and fixtures
Vehicles
Motor
vehicles
Office
equipment
Goodwill
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.64.96 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
60 |
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.