MIRA INFORM REPORT
|
Report No. : |
341445 |
|
Report Date : |
21.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
PARIJAT INDUSTRIES (INDIA) PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
TRIUMPH PESTICIDES (BOMBAY) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
M-77, 1st and 2nd Floor, M Block Market, Greater Kailash-II, New Delhi -
110052 |
|
Tel. No.: |
91-11-45766000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
17.05.1995 |
|
|
|
|
Com. Reg. No.: |
55-161189 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 36.135 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24219DL1995PTC161189 |
|
|
|
|
IEC No.: |
2204001392 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT9862B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Crop Protection Chemicals and Inputs. |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Parijat Industries (India) Private Limited (Parijat) is engaged in the
manufacture and sale of agrochemicals. The company is promoted by the Anand
Family who has long experience in the agrochemicals business. During the year under review, the company has registered total income
of Rs.2753.006 Million and net profit after tax of Rs.95.768 Million. The
profitability margin stood at 3.48%. The rating takes consideration on company qualified and experienced
directors in the industry, company’s moderately long track record and
established position in the agro chemicals business along with healthy
revenue growth and favourable leveraged position of the company. The rating strength is partially offsets by the working capital
intensive nature of operation, seasonal demand of the products and industry
is adherent to regulatory norms. However, trade relations are fair. Business is active. Payments are
reported to be usually correct. The company can be considered 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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. Dipak Sachdeva |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-11-45766000 |
|
Date : |
18.09.2015 |
LOCATIONS
|
Registered Office : |
M-77, 1st and 2nd Floor, M Block Market, Greater Kailash-II, New Delhi –
110052, India |
|
Tel. No.: |
91-11-45766000/ 41638091/ 95 |
|
Mobile No.: |
91-9873707481 [Mr. Anil Sachdeva] |
|
Fax No.: |
91-11-45766055/ 41638098 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory 1 : |
VPO Mandhour, Ambala – 134003, Haryana, India |
|
|
|
|
Factory 2 : |
Village Kheraganni, P O Fatehgarh, Raipur Rani Road, Near
Roohanisatsang, Ambala – 134201, Haryana, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Keshav Anand |
|
Designation : |
Managing Director |
|
Address : |
A-1/25, Panchsheel Enclave, New Delhi - 110017, India |
|
Date of Birth/Age : |
10.11.1957 |
|
Date of Appointment : |
01.01.2013 |
|
PAN No.: |
AAEPA6537C |
|
DIN No.: |
01050275 |
|
|
|
|
Name : |
Mr. Vikram Raj Anand |
|
Designation : |
Director |
|
Address : |
A-1/25, Panchsheel Enclave, New Delhi - 110017, India |
|
Date of Birth/Age : |
17.02.1964 |
|
Date of Appointment : |
23.12.2003 |
|
PAN No.: |
AAGPA4350D |
|
DIN No.: |
00081386 |
|
|
|
|
Name : |
Sharat Anand |
|
Designation : |
Director |
|
Address : |
Flat # 502, Royale Retreat Apartments, Charmwood Village, Surajkund Road, Faridabad - 121009, Haryana, India |
|
Date of Birth/Age : |
16.10.1959 |
|
Date of Appointment : |
02.06.2012 |
|
PAN No.: |
AANPA0326J |
|
DIN No.: |
00083237 |
|
|
|
|
Name : |
Mr. Abhay Kumar Gupta |
|
Designation : |
Director |
|
Address : |
Flat No. 908, Brentwood Towers, Charmwood Village,, Faridabad - 121009, Haryana, India |
|
Date of Birth/Age : |
17.12.1958 |
|
Date of Appointment : |
29.09.2007 |
|
PAN No.: |
AASPG4584D |
|
DIN No.: |
01602375 |
|
|
|
|
Name : |
Savmit Grover |
|
Designation : |
Director |
|
Address : |
C - 2/32, Safdarjung Development Area, New Delhi - 110016, India |
|
Date of Birth/Age : |
07.11.1962 |
|
Date of Appointment : |
31.07.2007 |
|
DIN No.: |
00485304 |
|
|
|
|
Name : |
Aditi Anand |
|
Designation : |
Director |
|
Address : |
A-1 / 25, Panchsheel Enclave, Malviya Nagar, New Delhi - 110017, India |
|
Date of Birth/Age : |
03.05.1983 |
|
Date of Appointment : |
17.05.2014 |
|
DIN No.: |
03526449 |
|
|
|
|
Name : |
R Venugopal |
|
Designation : |
Director |
|
Address : |
H. No.6-3-1100/4/3, Plot No.2, 301, Lotus Lakeview Apartments, Greenlands , Somajiguda, Hyderabad, Telangana India |
|
Date of Birth/Age : |
01.07.1958 |
|
Date of Appointment : |
17.05.2014 |
|
DIN No.: |
00365630 |
KEY EXECUTIVES
|
Name : |
Anil Kumar Sachdeva |
|
Designation : |
Secretary |
|
Address : |
29 F.F Right Side Ishwar Colony, Near Rana Partap Bagh, Delhi, 110009, Delhi, India |
|
PAN No.: |
ANUPS5073L |
|
Date of Appointment : |
17.07.2015 |
|
|
|
|
Name : |
Mr. Dipak Sachdeva |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Abhay Kumar Gupta |
|
180740 |
|
Aditi Anand |
|
16800 |
|
Gautam Raj Anand |
|
72500 |
|
Keshav Anand |
|
1253400 |
|
Parvati Anand |
|
33600 |
|
Sharat Anand |
|
375000 |
|
Shivraj Anand |
|
139700 |
|
Shruti Anand |
|
67200 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies
corporate |
5.66 |
|
Directors
or relatives of directors |
94.34 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20341445%2021-Sep-2015_files/image015.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Crop Protection Chemicals and
Inputs. |
|
|
|
|
Products : |
Crop Protection Chemicals |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C and Credit |
|
|
|
|
Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
V. K. Thapar and Company Chartered Accountants |
|
Address : |
C-2/37 Safdarjung Development Area, New Delhi - 110016,
India |
|
PAN No.: |
AAFFV8112R |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
--- |
|
|
|
|
Subsidiary : |
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3,613,540 |
Equity Shares |
Rs. 10/- each |
Rs. 36.135 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 |
36.135 |
36.135 |
36.135 |
|
(b) Reserves & Surplus |
371.905 |
281.211 |
179.767 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
408.040 |
317.346 |
215.902 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
91.021 |
65.507 |
42.529 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
11.536 |
8.574 |
4.680 |
|
Total
Non-current Liabilities (3) |
102.557 |
74.081 |
47.209 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
548.608 |
387.177 |
259.003 |
|
(b)
Trade payables |
601.966 |
371.784 |
251.687 |
|
(c)
Other current liabilities |
219.881 |
125.998 |
95.312 |
|
(d)
Short-term provisions |
57.138 |
58.673 |
49.224 |
|
Total
Current Liabilities (4) |
1427.593 |
943.632 |
655.226 |
|
|
|
|
|
|
TOTAL |
1938.190 |
1335.059 |
918.337 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
235.100 |
120.443 |
74.102 |
|
(ii)
Intangible Assets |
8.151 |
5.420 |
1.011 |
|
(iii)
Capital work-in-progress |
72.856 |
67.291 |
10.697 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
10.560 |
5.945 |
1.143 |
|
(c) Deferred tax assets
(net) |
1.525 |
0.215 |
0.651 |
|
(d) Long-term Loan
and Advances |
9.142 |
7.382 |
2.727 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
337.334 |
206.696 |
90.331 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
319.451 |
267.645 |
165.150 |
|
(c)
Trade receivables |
952.704 |
664.310 |
532.280 |
|
(d)
Cash and cash equivalents |
110.734 |
81.882 |
45.806 |
|
(e)
Short-term loans and advances |
215.785 |
110.345 |
83.993 |
|
(f)
Other current assets |
2.182 |
4.181 |
0.777 |
|
Total
Current Assets |
1600.856 |
1128.363 |
828.006 |
|
|
|
|
|
|
TOTAL |
1938.190 |
1335.059 |
918.337 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
2753.006 |
2069.825 |
1390.560 |
|
|
|
Other Income |
|
14.316 |
4.079 |
|
|
|
TOTAL |
2753.006 |
2084.141 |
1394.639 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
(Including
finance and Depreciation expenses ) |
1886.212 |
1243.132 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
197.929 |
151.507 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
25.913 |
14.259 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
172.016 |
137.248 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
11.644 |
8.115 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
194.827 |
160.372 |
129.133 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
99.059 |
53.855 |
44.109 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
95.768 |
106.517 |
85.024 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
272.626 |
174.182 |
96.714 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
3.000 |
3.000 |
2.500 |
|
|
|
Proposed Dividend on Equity Shares |
4.336 |
4.336 |
4.336 |
|
|
|
Dividend distribution tax |
0.737 |
0.737 |
0.720 |
|
|
BALANCE CARRIED
TO THE B/S |
360.321 |
272.626 |
174.182 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1187.403 |
956.700 |
765.649 |
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
1054.722 |
845.952 |
520.990 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
26.50 |
29.48 |
23.53 |
|
%20PRIVATE%20LIMITED%20-%20341445%2021-Sep-2015_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20341445%2021-Sep-2015_files/image004.gif){kind=small}
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
3500.000 |
The above information has been parted by Mr. Dipak Sachdeva [Accounts
Manager]
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
52.317 |
74.663 |
23.197 |
|
Net cash flows from (used in) operating activities |
39.602 |
40.187 |
(18.067) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
5.15 |
6.11 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
9.56 |
10.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.51 |
12.71 |
14.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.48 |
0.51 |
0.60 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.57 |
1.43 |
1.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.20 |
1.26 |
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 |
36.135 |
36.135 |
36.135 |
|
Reserves & Surplus |
179.767 |
281.211 |
371.905 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
215.902 |
317.346 |
408.040 |
|
|
|
|
|
|
long-term borrowings |
42.529 |
65.507 |
91.021 |
|
Short term borrowings |
259.003 |
387.177 |
548.608 |
|
Current Maturities of
Long Term Debt |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
301.532 |
452.684 |
639.629 |
|
Debt/Equity ratio |
1.397 |
1.426 |
1.568 |
%20PRIVATE%20LIMITED%20-%20341445%2021-Sep-2015_files/image017.gif)
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 |
1394.639 |
2084.141 |
2753.006 |
|
|
|
49.439 |
32.093 |
%20PRIVATE%20LIMITED%20-%20341445%2021-Sep-2015_files/image019.gif)
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 |
1394.639 |
2084.141 |
2753.006 |
|
Profit |
85.024 |
106.517 |
95.768 |
|
|
6.10% |
5.11% |
3.48% |
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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 four 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 |
No |
|
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 |
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
1.100 |
0.000 |
|
Loans and advances from directors |
12.305 |
24.405 |
|
Other loans and advances |
2.650 |
0.900 |
|
Short-term
borrowings |
|
|
|
Loans and advances from directors |
23.650 |
6.600 |
|
Rupee term loans from banks |
5.176 |
0.000 |
|
Other loans and advances |
2.000 |
0.000 |
|
Total |
46.881 |
31.905 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10588701 |
25/07/2015 |
618,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL |
C62910013 |
|
2 |
10588691 |
24/07/2015 |
572,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL |
C62908165 |
|
3 |
10588696 |
24/07/2015 |
542,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL |
C62908975 |
|
4 |
10588699 |
24/07/2015 |
560,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL |
C62909395 |
|
5 |
10589372 |
20/05/2015 |
598,100.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL |
C63394878 |
|
6 |
10589412 |
25/04/2015 |
707,800.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL |
C63396121 |
|
7 |
10590381 |
27/03/2015 |
720,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL |
C63877096 |
|
8 |
10590326 |
27/03/2015 |
623,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL |
C63878458 |
|
9 |
10590328 |
30/01/2015 |
2,189,300.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL |
C63879613 |
|
10 |
10545427 |
27/07/2015 * |
605,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ |
C62834239 |
* Date of charge modification
FINANCIAL RESULTS
During the year, the Company has registered total income of Rs..2753.006 Million And net profit after tax of Rs.95.768 Million as compared to Rs. 2084.141 Million and Rs. 106.517 Million respectively in the previous year.
FIXED ASSETS:
· Land
· Buildings
· Office building
· Factory building
· Furniture and fixtures
· Vehicles
· Computer Equipments
· Other Equipments
· Brands and trade marks
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.65.93 |
|
|
1 |
Rs.102.75 |
|
Euro |
1 |
Rs.75.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--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 |
|
48 |
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.