MIRA INFORM REPORT
|
Report No. : |
339798 |
|
Report Date : |
11.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
HAZEL MERCANTILE LIMITED (w.e.f. 09.03.1999) |
|
|
|
|
Formerly Known
As : |
HAZEL MERCANTILE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
181, Ashoka Shopping Centre, 2nd Floor, G.T. Hospital
Complex, L.T. Road, Mumbai – 400 001, Maharashtra |
|
Tel. No.: |
91-22-22610282 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on)
: |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.10.1995 |
|
|
|
|
Com. Reg. No.: |
11-093674 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 324.960 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1995PLC093674 |
|
|
|
|
IEC No.: |
0396030441 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH05177E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH2671K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited liability Company |
|
|
|
|
Line of Business
: |
Subject is in the business of Imports, Exports, Trading
and Distribution of Chemicals, Metals, Sheets, Paper, Pharmaceutical
products, Paper products, Natural Rubber, Computer Software Development and
Electricity Generation etc. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (61) |
|
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 |
|
Maximum Credit Limit : |
USD 17602000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject is an established company having fine track. Profitability of the company seems to be low during 2014. However,
general financial position of the company seems to be sound. The rating also takes into consideration extensive experience of the
promoter in the trading industry and strong relationship with customers and
suppliers. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitments. 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities = A |
|
Rating Explanation |
Have adequate degree of safety and carry low credit risk |
|
Date |
30.04.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities = A1 |
|
Rating Explanation |
Have very strong degree of safety and carry lowest credit risk |
|
Date |
30.04.2015 |
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
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Nikunj Sanghani |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-22824444 |
|
Date : |
04.09.2015 |
LOCATIONS
|
Registered Office : |
181, Ashoka Shopping Centre, 2nd Floor, G.T. Hospital
Complex, L.T. Road, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-22610282 / 43512000 / 22610262 / 22824444 |
|
Fax No.: |
91-22-22620553 / 22824440 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Office No.4, 1st Floor, Naitik Gandhidham Unas Association,
|
|
Tel. No.: |
91-283-6229548 |
|
|
|
|
Corporate Office 1 : |
701/712A, Embassy Centre, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-22824444/ 40098900 |
|
Fax No.: |
91-22-22824440/ 22041411 |
|
E-Mail : |
|
|
|
|
|
Corporate Office 2 : |
Veritas House, 70 Mint Road, Fort, Mumbai – 400001, MAharashtra India |
|
Tel. No.: |
91-22-22755555 / 61840000 |
|
Fax No.: |
91- 22-22755556 / 61840001 |
|
E-Mail : |
|
|
|
|
|
Marketing Office : |
1410, Maker Chambers V, Nariman Point, Mumbai – 400021, Maharashtra,
India |
|
Tel. No.: |
91-22-22832170 (5 Lines) |
|
Fax No.: |
91-22-22821605 |
|
E-Mail : |
|
|
|
|
|
Branch Office 1 : |
SEZ
Office: Shed No.250, sector III, KSEZ, Kandla, Gandhidham, |
|
E-Mail : |
|
|
|
|
|
Branch Offices : |
Also
located at: · Delhi · Kolkata · Visakhapatnam |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Sushma Deendayal Didwania |
|
Designation : |
Director |
|
Address : |
172, kshitij,, 47, napeansea raod,, mumbai, 400036,
maharashtra, india |
|
Date of Birth/Age : |
13.09.1955 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
01.04.1997 |
|
DIN No.: |
00210240 |
|
|
|
|
Name : |
Nitinkumar Dindayal Didwania |
|
Designation : |
Managing Director |
|
Address : |
172, Kshitij,, 47, Nepeansea Road,, Mumbai, 400036,
Maharashtra, India |
|
Date of Birth/Age : |
23.06.1974 |
|
Qualification : |
M.Com |
|
Date of Appointment : |
01.04.2012 |
|
PAN No.: |
AACPD7055J |
|
DIN No.: |
00210289 |
|
|
|
|
Name : |
Mr. Saurabh Dipak Sanghvi |
|
Designation : |
Director |
|
Address : |
66, Kamal Building, 69, Walkeshwar Road, Mumbai, 400006,
Maharashtra, India |
|
Date of Birth/Age : |
05.08.1974 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
02000411 |
|
|
|
|
Name : |
Mr. Viren Sanjay Agarwal |
|
Designation : |
Director |
|
Address : |
42, Maheshwari Niketan, 9th Floor, Next To Jindal Mansion,
Peddar Road,, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
11.11.1992 |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
06971564 |
KEY EXECUTIVES
|
Name : |
Manoj Radheyshyam Agarwal |
|
Designation : |
Chief Finance Officer |
|
Address : |
D/304, Galaxy Classique, Opposite BMC Office, Mitha Nagar,
Goregaon (West), Mumbai - 400062, Maharashtra, India |
|
Date of Appointment : |
24.12.2014 |
|
PAN No.: |
ACQPA5926M |
|
|
|
|
Name : |
Mr. Pragat Vasant Shetty |
|
Designation : |
Secretary |
|
Address : |
204, Bhaskar Bhavan Appartment, B.P. Cross Road Near Railway Station, Bhayandar(East), Thane - 401105, Maharashtra, India |
|
Date of Birth/Age : |
04.01.1990 |
|
Date of Appointment : |
17.07.2014 |
|
PAN No.: |
CLQPS5744G |
|
|
|
|
Name : |
Mr. Nikunj Sanghani |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Nitin Kumar Didwania |
|
32487100 |
|
Sushmadevi
Didwania |
|
900 |
|
Vishal Sukhani |
|
4600 |
|
Ajay Jain |
|
200 |
|
Yash Gala |
|
200 |
|
Sourabh Sanghvi |
|
200 |
|
Sanjay Busa |
|
2800 |
|
Total |
|
32496000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors or relatives of Directors |
99.98 |
|
Other top fifty shareholders |
0.02 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is in the business of Imports, Exports, Trading
and Distribution of Chemicals, Metals, Sheets, Paper, Pharmaceutical products,
Paper products, Natural Rubber, Computer Software Development and Electricity
Generation etc. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
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 : |
Not Divulged |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Bankers : |
· State Bank of India, Commercial Branch (Advances), N. G. N. Vaidya Marg, Bank Street, Horniman Circle, Fort, Post Box 10141, Mumbai - 400001, Maharashtra, India · Corpoaration Bank, Overseas Branch, Nariman Point, Mumbai - 400021, Maharashtra, India · ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · Barclays Bank Plc, 601/ 603 Ceejay House, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India · The Nedungadi Bank Limited, 265; Birya House, Bazargale Street; Fort, Mumbai – 400001, Maharashtra, India |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institutions : |
3i Infotech Trusteeship Services Limited, 3rd to 6th floor, International Infotech Park, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai - 400703, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Shabbir S.
Bagasrawala Chartered
Accountants |
|
Address : |
Office No.8, 1st
Floor, Narayan Niwas, 63, Aarey Road, Goregaon (West), Mumbai – 400062,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFS5834Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary
Companies : |
· Hazel Middle East FZE · HML Europe BV · HML PTE Limited |
|
|
|
|
Enterprise over
which Key Managerial Personnel are able to exercise significant influence : |
· Veritas Properties Limited · Veritas Housing Development Private limited. · Hazel Logistics Private Limited · Sears Real Estate Private Limited · Affluent Properties Private Limited · Clairvoyant Trade Impex Private Limited · Diva Trade Impex Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,100,000 |
Equity Shares |
Rs. 10/- each |
Rs. 501.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32,496,000 |
Equity Shares |
Rs. 10/- each |
Rs. 324.960
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 |
324.960 |
324.960 |
300.000 |
|
(b) Reserves & Surplus |
5835.834 |
5763.188 |
2446.064 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
|
|
|
Total
Shareholders’ Funds (1) + (2) |
6160.794 |
6088.148 |
2746.064 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
13.596 |
19.973 |
26.098 |
|
(b) Deferred tax liabilities (Net) |
40.471 |
47.290 |
44.258 |
|
(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) |
54.067 |
67.263 |
70.356 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1142.299 |
1158.051 |
661.699 |
|
(b)
Trade payables |
7736.812 |
6968.862 |
5421.250 |
|
(c)
Other current liabilities |
91.489 |
84.955 |
259.674 |
|
(d)
Short-term provisions |
12.203 |
12.203 |
12.423 |
|
Total
Current Liabilities (4) |
8982.803 |
8224.071 |
6355.046 |
|
|
|
|
|
|
TOTAL |
15197.664 |
14379.482 |
9171.466 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
163.084 |
177.755 |
173.011 |
|
(ii)
Intangible Assets |
2096.253 |
2795.004 |
0.000 |
|
(iii)
Capital work-in-progress |
17.230 |
7.800 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
205.803 |
|
(b) Non-current
Investments |
359.010 |
346.126 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
2635.577 |
3326.685 |
378.814 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3666.466 |
2754.857 |
2173.670 |
|
(c)
Trade receivables |
7979.019 |
7169.997 |
5591.702 |
|
(d)
Cash and cash equivalents |
399.981 |
656.095 |
427.161 |
|
(e)
Short-term loans and advances |
516.621 |
471.848 |
600.119 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
12562.087 |
11052.797 |
8792.652 |
|
|
|
|
|
|
TOTAL |
15197.664 |
14379.482 |
9171.466 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
30981.541 |
25081.440 |
20639.763 |
|
|
|
Other Income |
137.722 |
245.412 |
182.459 |
|
|
|
TOTAL (A) |
31119.263 |
25326.852 |
20822.222 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
30204.448 |
24221.391 |
19785.769 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(911.608) |
(581.188) |
(367.426) |
|
|
|
Employees benefits expense |
73.484 |
66.174 |
34.055 |
|
|
|
Other expenses |
692.952 |
695.139 |
561.836 |
|
|
|
TOTAL (B) |
30059.276 |
24401.516 |
20014.234 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1059.987 |
925.336 |
807.988 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
209.846 |
225.507 |
141.771 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
850.141 |
699.829 |
666.217 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
716.672 |
694.842 |
13.385 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
133.469 |
4.987 |
652.832 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.204 |
51.040 |
51.014 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
130.265 |
(46.053) |
601.818 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
5034.906 |
10240.197 |
434.361 |
|
|
|
Freight Insurance and
Commission |
25.808 |
20.053 |
2.227 |
|
|
|
Dividend |
57.980 |
169.309 |
14.007 |
|
|
TOTAL EARNINGS |
5118.694 |
10429.559 |
450.595 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
15731.886 |
19278.048 |
1485.375 |
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (Rs.) |
4.01 |
(1.42) |
20.06 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
6.043 |
6.043 |
6.043 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from used in Operations |
(52.330) |
141.085 |
87.483 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.42 |
(0.18) |
2.92 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.42 |
3.69 |
3.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.90 |
0.04 |
7.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.00 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.19 |
0.19 |
0.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40 |
1.34 |
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 |
300.000 |
324.960 |
324.960 |
|
Reserves & Surplus |
2446.064 |
5763.188 |
5835.834 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2746.064 |
6088.148 |
6160.794 |
|
|
|
|
|
|
Long-term borrowings |
26.098 |
19.973 |
13.596 |
|
Short term borrowings |
661.699 |
1158.051 |
1142.299 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
6.043 |
6.043 |
6.043 |
|
Total
borrowings |
693.840 |
1184.067 |
1161.938 |
|
Debt/Equity
ratio |
0.253 |
0.194 |
0.189 |
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 |
20639.763 |
25081.440 |
30981.541 |
|
|
|
21.520 |
23.524 |
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 |
20639.763 |
25081.440 |
30981.541 |
|
Profit |
601.818 |
-46.053 |
130.265 |
|
|
2.92% |
-0.18% |
0.42% |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS:
|
HIGH
COURT OF BOMBAY
|
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10545656 |
24/12/2014 |
300,000,000.00 |
PUNJAB NATIONAL BANK |
FORESHORE ROAD
BRANCH, RAHEJA CHAMBERS, NARIMAN |
C41699604 |
|
2 |
10198433 |
12/01/2010 |
42,300,000.00 |
PUNJAB NATIONAL BANK |
FORESHORE ROAD
BRANCH, RAHEJA CHAMBERS,NARIMAN |
A78104643 |
|
3 |
80027453 |
16/07/2014 * |
10,800,000,000.00 |
PUNJAB NATIONAL BANK (LEAD BANK) |
FORESHORE ROAD
BRANCH, RAHEJA CHAMBERS, NARIMAN |
C15033327 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
124.512 |
122.922 |
|
|
|
|
|
SHORT-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
124.512 |
122.922 |
|
|
|
|
|
Total |
249.024 |
245.844 |
OPERATIONS
Financial Year 2013-14 witnessed to be the challenging year of economic uncertainties. Despite constrains and challenging environment, the Company has demonstrated the resilience in its business which can be demonstrated from the following figures and comparison:
Standalone Trading Turnover increased by 23.52 % to Rs. 30981.541 Million as compared to previous year of Rs. 25081.440 Million.
Standalone Profit before Depreciation, Amortization and Tax increased by 21.48 % to Rs. 850.140 Million as compared to previous year figure of Rs. 699.829 Million.
CORPORATE
INFORMATION:
The Company is in the business of Imports, Exports, Trading and Distribution of Chemicals, Metals, Sheets, Paper, Pharmaceutical products, Paper products, Natural Rubber, Computer Software Development and Electricity Generation etc.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Letter/s of comfort / Guarantees given on behalf of Subsidiaries and other Entities |
4784.164 |
3261.575 |
|
VAT Demand Under Appeal |
11.653 |
0.000 |
|
|
|
|
|
Total |
4795.817 |
3261.575 |
FIXED ASSETS:
· Land
· Buildings
· Plant and Equipment
· Emission Reduction Equipment
· Vehicles
·
Office Equipment
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.66.58 |
|
|
1 |
Rs.102.29 |
|
Euro |
1 |
Rs.74.71 |
INFORMATION DETAILS
|
Information Gathered
by : |
SUV |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
61 |
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.