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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

501982

Report Date :

05.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

E I DUPONT INDIA PRIVATE LIMITED

 

 

Formerly Known As :

E.I. DUPONT INDIA LIMITED 

 

 

Registered Office :

7th Floor, Tower C, DLF Cyber Greens, Sector – 25-A, DLF City, Phase – III, Gurugram – 122002, Haryana

Tel. No.:

91-124-4091818 / 2540900

 

 

Country :

India

 

 

Financials (as on) :

31.03.2016

 

 

Date of Incorporation :

10.12.1998

 

 

Com. Reg. No.:

05-034086

 

 

Capital Investment / Paid-up Capital :

INR 561.327 Million

 

 

CIN No.:

[Company Identification No.]

U24299HR1998PTC034086

 

 

IEC No.:

[Import-Export Code No.]

0596020651

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACE2462M

 

 

GSTN :

[Goods & Service Tax Registration No.]

06AAACE2462M1ZN

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of pesticides and other agrochemical products, Polymer and Protective Safety Equipment. (Registered Activity)

 

 

No. of Employees :

Information declined by the management

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A+

 

Credit Rating

Explanation

Rating Comments

A+

Low Risk

Business dealings permissible with low risk of default

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is a stepdown subsidiary of “E.I. Du Pont De Nemours and Company Inc”, USA. It was incorporated in the year 1998 and is having a fine track record.

 

Management has not filed its financial record with government department for the year 2017 and same are not available from any other sources.

 

Rating takes into consideration company’s strong financial profile, comfortable debt protection metrics and liquidity position of the company.

 

Rating further takes into consideration the company’s long established track record of business operations and well-experienced promoter.

 

The rating also factors on company’s need based received from its holding company.

 

However, rating strengths is partially offset on volatility in raw material prices and fluctuation of the profit margin.

 

Rating is constrained on account of absence of latest financial.

 

Business is active. Payment seems to be regular.

 

In view of aforesaid, the company can be considered 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.

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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 31-03-2018.

 

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

 

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 05.04.2018

 

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

 

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

 

INFORMATION DENIED

 

Management non-cooperative (Tel No.: 91-124-4091818)

 

LOCATIONS

 

Registered Office / Corporate Office 1/Dupont India Innovation Center:

7th Floor, Tower C, DLF Cyber Greens, Sector – 25-A DLF City, Phase – III, Gurugram – 122002, Haryana, India 

Tel. No.:

91-124-4091818 / 2540900

Fax No.:

91-124-2540889 / 90 / 91 / 92

E-Mail :

sanjit-kaur.batra@dupont.com

Website :

http://www.dupont.com

Location :

Owned

Locality :

Commercial

 

 

Corporate and Sales Offices 2:

Elent Software City, TS140 Block 2 and 9, Module 31, 3rd Floor, Next to Tidel Park, Rajiv Gandhi Road, Taramani Chennai – 600113, Tamilnadu, India

Tel No.:

91-44-43972800

 

 

Corporate and Sales Offices 3:

81,82,83, 8th floor, 2 North Avenue, Maker Maxity, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India

Tel. No.:

91-22-61765000/40716000

 

 

 

 

Manufacturing Plants 1 :

Melur Road, Therkutheru, Madurai – 625122, Tamilnadu, India

Tel. No.:

91-452-2420278

Fax No.:

91-452-2420351  

 

 

Manufacturing Plants 2 :

Plot No.KV1, GIDC, Savli, Alindra, Vadodra- 391775, Gujarat, India

Tel. No.:

91-2667-666000

Fax No.:

91-2667-264220

 

 

Manufacturing Plants 3 :

EP and I and F Facility (Savli-1), Plot No.11, Savli, GIDC, Village Manjusar, Vadodara – 391775, Gujarat, India

Tel. No.:

91-2667-664000

Fax No.:

91-2667-264214

 

 

Innovation and Knowledge Centers :

ICICI Knowledge Park, Genome Valley, Survey No.542/2, DS -9 Turkapally (Village) Shameerpet (Mandal), Ranga Reddy, Hyderabad- 500078, Telangana, India

Tel. No.:

91 -40-66247000

Fax No.:

91-40-23480410/411/413   

 

 

DuPont Nutrition and  Health Innovation Application Center

8th Floor, Tower-A, DLF Cyber Greens, Sec-25-A, DLF City Phase-III, Gurugram-122002, Haryana, India

Tel No.:

91-124-4503801

 

 

Shared Services Center  :

6th Floor, Tower 1, Waverock Building, SY No. 115(P), Nanakramguda Village, Serilingampally, Mandal, Rangareddi, Hyderabad - -500081, Telangana, India

Tel No.:

91-40-67077000

 

 

DIRECTORS

 

As on 2018

 

Name :

Sanjit Kaur Batra

Designation :

Whole Time Director

Address :

Flat No. 903, Tower C-2, The Legend, Sector 57 IN, Sushant Lok Phase-3, Gurugram - 122011, Haryana, India

Date of Appointment :

24.09.2015

PAN No.:

AEJPB7241R

DIN No.:

06998913

 

 

Name :

Mr. Mahesh Jain

Designation :

Additional Director

Address :

Sector-B, Pkt-8, Flat No-6099, Vasant Kunj, Delhi- 110070, India

Date of Appointment :

24.04.2017

DIN No.:

02778620

 

 

Name :

Mr. Girish Kumar Vaidya

Designation :

Additional Director

Address :

1/203, Millennium Apartments Dwarka Sector-9, Delhi -110075, India  

Date of Appointment :

19.06.2017

DIN No.:

07853597

 

 

Name :

Sheril Varghese Vaidhyan

Designation :

Additional Director

Address :

House No-2489, Block-A, Netaji Nagar, New Delhi- 110023, India

Date of Appointment :

17.01.2018

DIN No.:

07510914

 

 

Name :

Subramanianparameswaran

Designation :

Additional Director

Address :

1,Krupas, 2nd A Cross, Nagarbhavi Village, Bangalore Nagarbhavi, Karnataka, 560072, Bangalore, India 

Date of Appointment :

08.02.2018

DIN No.:

08066078

 

 

KEY EXECUTIVES

 

Name :

Mr. Samar Bhatia

Designation :

Company Secretary

Address :

2, 3 and 4 Floor, Vipul Tech Square Golf Course Road, Sector-43, Gurugram- 122002, Haryana, India

Date of Appointment :

09.03.2015

PAN No.:

AHGPB2519N

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 31.03.2016

 

Names of Shareholders

 

No. of Shares

Dupont India Limited, USA

 

55947880

E.I. Dupont DE Nemours and Company, USA

 

184764

Du Pont Far East Inc, USA

 

20

Total

 

56132664

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2016

 

Category

Percentage

Promoters (Bodies corporate)

100.00

Total 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of pesticides and other agrochemical products, Polymer and Protective Safety Equipment. (Registered Activity)

 

 

Products / Services :

Item Code No.

Products/Services

39051290

Polymer in Primary forms

38089139

Insecticides and 'Herbicides

 

NIC Code No.

Products/Services

20211

Pesticides and other agrochemical

products

22208

Polymer

32902

Protective Safety Equipment

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Bank Name

Not Divulged

Branch

--

Person Name (With Designation)

--

Contact Number

--

Name of Account Holder

--

Account Number

--

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

--

Account Operation

--

Remarks (If any)

--

 

Auditors :

 

Name :

Price Waterhouse and Company LLP

Chartered Accountants

Address :

77/A, 8 -2-624/A/1, 3rd Floor, Road No. 10, Banjara Hills , Hyderabad- 500034, Telangana

Income-tax PAN of auditor or auditor's firm :

AAHFP0187A

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Ultimate Holding company :
  • E.I. Du Pont De Nemours and Company Inc., United States of America

 

 

 

Holding company :
  • DuPont India Limited, United States of America

 

 

Fellow Subsidiaries:

  • DuPont China Limited
  • PT Dupont Agricultural Products Indonesia
  • Electronic Materials Du Pont Dongguan Limited
  • Dupont Asia Pacific Limited
  • Du Pont Teijin Advanced Papers (Asia) Limited
  • DuPont Performance Elastomers B.V limited
  • DuPont Pakistan Operations (Pvt.) Limited
  • DuPont International Trading, Inc.
  • Dupont Trading (Shanghai) Co Limited
  • DuPont Agricultural Caribe Industries Limited.
  • DuPont Performance Coatings Austria GmbH
  • DuPont Powder Coatings France SAS
  • DuPont (New Zealand) Limited
  • Antec International Limited
  • Dupont Vietnam Company Limited
  • DuPont DACI Beteiligungs GmbH
  • DuPont Powder Coatings (Malaysia) Sdb.
  • PT DuPont Powder Coatings Indonesia
  • DuPont Powder Coatings USA, Inc.
  • Dupont SA DE CV
  • Pioneer Hi-Bred International, Inc
  • Dupont Agricultural Chemicals Limited
  • DuPont Authentication, Inc.
  • Pioneer Overseas Corporation
  • PHI Seeds Private Limited
  • Liqui-Box Corporation
  • First Chemical Corporation
  • Inpaco Corporation Solae LLC
  • Mecs India Private Limited
  • Dupont Filaments - Americas, LLC
  • Dupont Filaments Europe, BV
  • DuPont Xingda Filaments Company Limited
  • Danisco Singapre PTE Limited
  • DuPont Performance Coatings (Chang Chun) Company Limited
  • DuPont 3F Fluorochemicals (Changshu) Company, Limited
  • DuPont Performance Coatings (Shanghai) Company
  • DuPont (China) Research & Development Company Limited
  • DuPont Performance Elastomers L.L.C.
  • DuPont Surfaces (Guangzhou) Co., Limited.
  • DuPont International Operations Sarl
  • DuPont (Shenzhen) Industrial Company Limited
  • DuPont -MRC CO Limited
  • Belco Technologies Corporation
  • DuPont (Changshu) Fluoro Technology Company
  • DuPont Asturias Industrial S.L.
  • DuPont Titanium Technology (Taiwan) Company
  • DuPont Apollo Limited
  • DuPont Lanka Private Limited
  • Coastal Training Technologies India Private Limited
  • Du Pont (Australia) Limited.
  • DuPont Mexico S.A. de C.V.
  • E.I. Du Pont Canada Company
  • Dupont China Holding Company Limited
  • Dupde Colombia SA
  • DuPont De Nemours (France) S.A.S
  • Du Pont de Nemours (Belgium) BVBA
  • Du Pont de Nemours (Nederland) B.V.
  • Du Pont de Nemours (Deutschland) GmbH
  • DuPont de Nemours (Luxembourg) SARL
  • Du Pont de Nemours International S.A
  • Du Pont Company (Singapore) Pte Limited.
  • Du Pont Far East, Inc
  • DuPont Malaysia SDN BHD
  • Du Pont Far East (Philippines Branch)
  • Du Pont do Brasil S.A.
  • Du Pont Kabushiki Kaisha
  • Du Pont (Korea) Inc
  • Du Pont Taiwan Limited
  • Du Pont (Thailand) Limited
  • DU Pont Mitsui Fluorochemicals
  • Danisco US Inc.
  • DuPont Holographincs Inc.
  • Du Pont Apollo (Shenzhen) Limited
  • Solae Company India Private Limited
  • Danisco (India) Private Limited
  • E.I. Dupont Services Centre India Private Limited
  • Axalta Coating Systems India Private Limited
  • The Chemours Company Fc, Llc
  • Chemour Netherlands B.V
  • The Chemours Company Tt, Llc
  • The Chemours Chemical (Shanghai) Company Limited
  • Chemour Kabushiki Kaisha
  • Chemours Korea Inc
  • The Chemours Company Singapore Pte
  • The Chemours (Taiwan) Company Limited
  • The Chemours India Private Limited
  • The Chemours Company (Australia) Pty Limited
  • Chemours Hong Kong Holding Limited
  • The Chemours Malaysia Sdn Bhd
  • The Chemours (Thailand) Company Limited
  • Pioneer Hi-Bred Private Limited
  • Danisco Malaysia SDN. BHD.
  • Danisco Malaysia Sdn. Bhd.
  • Axalta Coating Systems Belgium BVBA
  • Danisco (China) Co. Ltda.
  • DuPont Shineway Luohe Protein Company LT
  • Solae Europe S.A.
  • Coastal Train Philip
  • Du Pont de
  • Nemours Nigeria Limited
  • DuPont NutritionBiosciences ApS
  • Danisco Australia Pty Limited
  • Danisco (China) Holding Company Limited
  • E.I.DuPont de Nemours & Co. Inc., USA
  • DuPont India Limited, USA
  • Balvinder Singh Kalsi

 

CAPITAL STRUCTURE

 

After 30.09.2016

 

Authorised Capital : INR 2550.000 Million

 

Issued, Subscribed & Paid-up Capital : INR 559.300 Million

 

As on 30.09.2016

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

250000000

Equity Shares

INR 10/- each

INR 2500.000 Million

500000

Preference Shares

INR 100/- each

INR 50.000 Million

 

Total

 

INR 2550.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

56132664

Equity Shares

INR 10/- each

INR 561.327 Million

 

 

FINANCIAL DATA

[all figures are in INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2016

31.03.2015

31.03.2014

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

561.327

561.327

561.327

(b) Reserves & Surplus

5644.939

4626.482

3327.487

(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)

6206.266

5187.809

3888.814

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

729.657

688.270

662.255

(b) Deferred tax liabilities (Net)

228.118

153.084

126.066

(c) Other long term liabilities

68.673

64.873

27.123

(d) long-term provisions

84.339

88.716

83.176

Total Non-current Liabilities (3)

1110.787

994.943

898.620

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

2780.348

2917.613

3272.514

(b) Trade payables

7593.774

5013.284

5999.583

(c) Other current liabilities

469.773

618.717

1202.625

(d) Short-term provisions

133.794

142.803

163.507

Total Current Liabilities (4)

10977.689

8692.417

10638.229

 

 

 

 

TOTAL

18294.742

14875.169

15425.663

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

5020.685

5074.057

4638.830

(ii) Intangible Assets

2.552

7.981

3.060

(iii) Capital work-in-progress

68.602

135.111

662.312

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

527.153

630.651

233.944

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

5618.992

5847.800

5538.146

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

6819.470

4126.508

4018.046

(c) Trade receivables

4202.055

3764.664

4519.175

(d) Cash and cash equivalents

99.340

65.940

172.192

(e) Short-term loans and advances

893.104

485.821

785.846

(f) Other current assets

661.781

584.436

392.258

Total Current Assets

12675.750

9027.369

9887.517

 

 

 

 

TOTAL

18294.742

14875.169

15425.663

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2016

31.03.2015

31.03.2014

 

SALES

 

 

 

 

Income

26264.886

28757.328

25875.848

 

Other Income

57.121

199.12

78.94

 

TOTAL

26322.007

28956.448

25954.788

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

11569.865

8715.415

7476.368

 

Purchases of Stock-in-Trade

6461.609

9772.23

9626.696

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(1426.518)

120.264

(515.745)

 

Employees benefits expense

2280.375

2649.813

2574.752

 

Other expenses

8.659

0.948

0.000

 

CSR expenditure 

4949.076

4831.352

5097.117

 

TOTAL

23843.066

26090.022

24259.188

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

2478.941

2866.426

1695.600

 

 

 

 

 

Less

FINANCIAL EXPENSES

438.227

418.564

417.256

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

2040.714

2447.862

1278.344

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

490.444

470.174

358.451

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

1550.270

1977.688

919.893

 

 

 

 

 

Less

TAX

531.814

678.693

321.864

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

1018.456

1298.995

598.029

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

 3259.392

 439.758

775.967 

 

TOTAL EARNINGS

 3259.392

 439.758

775.967 

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

 

 15675.056

14474.434 

 

Components and Stores parts

 

 145.874

373.883 

 

TOTAL IMPORTS

NA

15820.93

14848.317

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

18.14

23.14

10.65

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2016

31.03.2015

31.03.2014

Current Maturities of Long term debt

NA

NA

722.460

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

842.565

2060.677

1364.934

Net cash flows from (used in) operating activities

1032.156

1804.388

1009.934

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Average Collection Days

(Sundry Debtors / Income * 365 Days)

58.40

47.78

63.75

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

6.25

7.64

5.73

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

153.72

98.98

128.04

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.36

0.69

0.42

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.49

0.55

0.32

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.64

0.63

0.73

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.57

0.70

1.01

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

1.77

1.68

2.74

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.82

1.01

1.36

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

5.66

6.85

4.06

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2016

31.03.2015

31.03.2014

Net Profit Margin

((PAT / Sales) * 100)

%

3.88

4.52

2.31

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

5.57

8.73

3.88

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

16.41

25.04

15.38

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Current Ratio

(Current Assets / Current Liabilities)

1.15

1.04

0.93

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.53

0.56

0.55

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.34

0.35

0.25

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

6.25

6.42

7.01

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.15

1.04

0.93

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

           


 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2014

31.03.2015

31.03.2016

 

(INR in Million)

(INR in Million)

(INR in Million)

Share Capital

561.327

561.327

561.327

Reserves & Surplus

3327.487

4626.482

5644.939

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

3888.814

5187.809

6206.266

 

 

 

 

long-term borrowings

662.255

688.270

729.657

Short term borrowings

3272.514

2917.613

2780.348

Total borrowings

3934.769

3605.883

3510.005

Debt/Equity ratio

1.012

0.695

0.566

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2014

31.03.2015

31.03.2016

 

(INR in Million)

(INR in Million)

(INR in Million)

Sales

25875.848

28757.328

26264.886

 

 

11.136

(8.667)

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2014

31.03.2015

31.03.2016

 

(INR in Million)

(INR in Million)

(INR in Million)

Sales

25875.848

28757.328

26264.886

Profit

598.029

1298.995

1018.456

 

2.31%

4.52%

3.88%

 

 

 

 

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

No

8

Designation of contact person

No

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

Yes

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

No

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

No

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

No

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

 

PERFORMANCE REVIEW

DuPont India recorded decrease of 8.66% in Revenue from operations as compared to last year. The reason for decrease in Revenue is due to sale of chemical business during last year.

UNSECURED LOAN

PARTICULAR

31.03.2016

(INR in Million)

31.03.2015

(INR in Million)

Long-term Borrowings

 

 

Borrowing from foreign companies

729.657

688.270

 

 

 

Short-term borrowings

 

 

Loans and advances from related parties

2780.348

2917.613

 

 

 

Total

3510.005

3605.883

 

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

 

FIXED ASSETS

 

  • Land
  • Buildings
  • Plant and equipment
  • Furniture and fixtures
  • Vehicles
  • Motor vehicles
  • Office equipment
  • Computer equipments
  • Leasehold improvements

 

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

FOREIGN EXCHANGE RATES

 

Currency

 
Unit

INR

US Dollar

1

INR 65.06

UK Pound

1

INR 92.06

Euro

1

INR 80.37

 

 

INFORMATION DETAILS

 

Information Gathered by :

SAV 

 

 

Analysis Done by :

NYT

 

 

Report Prepared by :

RKI

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--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

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.