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MIRA INFORM REPORT
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Report No. : |
504608 |
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Report Date : |
17.04.2018 |
IDENTIFICATION DETAILS
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Name : |
SAINT-GOBAIN INDIA PRIVATE LIMITED (w.e.f.31.12.2014) |
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Formerly Known
As : |
SAINT-GOBAIN INDIA LIMITED (w.e.f.17.10.2014) SAINT-GOBAIN GLASS INDIA LIMITED |
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Registered
Office : |
Sigapi Achi Building, Floor No. 7, 18/3, Rukmini Lakshmipathy Road,
Egmore, Chennai – 600008, Tamilnadu |
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Tel. No.: |
91-44-45936000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
02.04.1997 |
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Com. Reg. No.: |
18-037875 |
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Capital
Investment / Paid-up Capital : |
INR 1469.550 Million |
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CIN No.: [Company Identification
No.] |
U26109TN1997PTC037875 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCS4338M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Saint-Gobain India Private Limited (“the
Company”) is engaged in the following businesses: a) Glass: The Company has glass manufacturing plants at Sriperumbudur-Tamil Nadu, Jhagadia-Gujarat and Bhiwadi-Rajasthan. b) Construction Products: i) Gypsum Boards and Gypsum based accessories: The Company has manufacturing plants in Wada-Maharashtra, Jind-Haryana and Bangalore-Karnataka. ii) Dry Mortars: The Company has manufacturing facility of dry mortars facility in Wada, Maharashtra. c) Ceramics: i) Refractories: The Company has manufacturing facility of alumina fused cast refractories product in Palakkad-Kerala. The Company has set up a new production facility in Perundunrai, Tamilnadu in the current year. ii) Crystals and Detectors: The Company is engaged in manufacturing of radiation sensing devices/detectors The Company has a manufacturing plant in Bangalore, Karnataka d) Design and Manufacture of Special Purpose Machineries: The Company is engaged in the business of design, development, manufacturing and supply of Special Purpose Machineries for various construction product manufacturing industries like Glass manufacturing/ Processing, Stonewool manufacturing, Gypsum Board manufacturing, etc. (Registered Activity) |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
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MIRA’s Rating : |
A++ |
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Saint-Gobain India was incorporated in 1997. It is a part of Saint Gobain Group, France which is a world leader in the habitat and construction markets. It is engaged in Manufacture of Glass and Glass Products and Gypsum Boards. Management has not filed its financial record with government department for the year 2017 and same are not available from any other sources. As per the financial of 2016, the company has reported 10.27% growth in its revenue as compared to the previous year and has achieved fair net profit margin of 5.45%. The company possesses healthy financial profile marked by above average networth base, low debt balance sheet profile and satisfactory liquidity position. Rating further takes into account strong financial support from its parent in the form of equity and debt, group’s established marked position, diversified business portfolio, experienced management term along with reputed clientele. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered excellent for normal business dealings at usual trade terms and condition. |
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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CRISIL |
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Rating |
Commercial Paper Programme=A1+ |
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Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
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Date |
27.06.2017 |
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
31-03-2016.
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 17.04.2018.
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 DECLINED
MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-44-45936000]
LOCATIONS
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Registered Office : |
Sigapi Achi Building, Floor No. 7, 18/3, Rukmini Lakshmipathy Road,
Egmore, Chennai – 600008, Tamilnadu, India |
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Tel. No.: |
91-44-45936000 |
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Fax No.: |
91-44-45936008 |
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E-Mail : |
venkateswaran.l@saint.gobain.com
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Website : |
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Factory : |
Plot No.A1, SIPCOT Industrial Park, Sriperumbudur,
Kancheepuram-602105, Tamilnadu, India |
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Other Factories: |
Located at: · Thagadia - Gujarat · Bhiwadi - Rajasthan · Wada - Maharashtra · Jind - Haryana · Bangalore - Karnataka · Palakkad - Kerala |
DIRECTORS
AS ON: 31.03.2017
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Name : |
Mr. Pranatharthiharan Natarajan |
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Designation : |
Managing Director |
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Address : |
No. 6, Sreshta Subhasri, Old No. 56 New No. 46, First Main Road, Raja Annamalaipuram, Chennai- 600028, Tamilnadu, India |
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Date of Birth/Age: |
10.10.1955 |
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Date of Appointment : |
08.09.2016 |
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DIN No.: |
00018397 |
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Name : |
Mr. Anand Yashavant Mahajan |
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Designation : |
Managing Director |
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Address : |
Fiona, 3rd Floor, 176, Juhu Tara Road, Mumbai - 400049, Maharashtra,
India |
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Date of Birth/ Age: |
03.01.1953 |
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Date of Appointment : |
01.04.2014 |
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DIN No.: |
00066320 |
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Other Directorship:
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Name : |
Mr. Subramanian Vaidyanathan Venkataraman |
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Designation : |
Managing Director |
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Address : |
F-401, Oberoi Splendor, JVLR, Opposite Majas Bus Depot, Jogeshwari (East), Mumbai - 400060, Maharashtra, India |
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Date of Birth/ Age: |
22.11.1960 |
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Qualification: |
Graduation |
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Date of Appointment : |
12.11.2014 |
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DIN No.: |
00139543 |
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Other Directorship:
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Name : |
Mr. Bhuvaragamurthy Srinivasan Rammurthy Santhanam |
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Designation : |
Managing Director |
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Address : |
No 3/49, A3, A4, Meenakshi Farm Road, Bay Avenue ECR, Nainarkuppam, Uthandi, Kancheepuram – 600119, Tamilnadu, India |
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Date of Birth/ Age: |
02.03.1957 |
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Qualification: |
MBA |
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Date of Appointment : |
22.01.1998 |
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DIN No.: |
00494806 |
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Other Directorship:
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Name : |
Mr. Ramakrishnan Subramanian |
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Designation : |
Managing Director |
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Address : |
E-3, Juniper Apartments, TAS Enclave, 10th Main Road Extension, Anna
Nagar, Chennai - 600040, Tamilnadu, India |
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Date of Birth/ Age: |
26.01.1966 |
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Qualification: |
MBA |
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Date of Appointment : |
05.04.2007 |
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DIN No.: |
01521968 |
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Other Directorship:
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Name : |
Mr. Swaminathan Eisenhower |
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Designation : |
Whole-time Director |
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Address : |
Flat No. A-102, Prince Villa, 15, Rajamannar Street, ‘T' Nagar,
Chennai - 600017, Tamilnadu, India |
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Date of Birth/ Age: |
24.11.1952 |
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Date of Appointment : |
05.04.2007 |
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DIN No.: |
01521855 |
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Name : |
Mr. Unnikrishnan Radhakrishnan Achamveedu |
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Designation : |
Whole-time Director |
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Address : |
C1, Krishna Classic No.4, 1st Cross Street, Seethammal Colony, Alwarpet, Chennai – 600018, Tamilnadu, India |
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Date of Appointment : |
13.04.2017 |
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DIN No.: |
07787354 |
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Name : |
Mr. Patrick Dupin |
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Designation : |
Director |
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Address : |
51, Avenue De Paris, F- 78000, Versailles, 78000, France |
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Date of Appointment : |
05.04.2007 |
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DIN No.: |
01522067 |
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Name : |
Mr. Houchan Shoeibi |
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Designation : |
Director |
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Address : |
1 Rue, Delambre, Paris, 75014, France |
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Date of Appointment : |
12.12.2013 |
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DIN No.: |
06747897 |
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Name : |
Mr. Deepak Prabhakar Chindarkar |
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Designation : |
Additional Director |
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Address : |
1403, 14th Floor, Hurrah Building, City Of Joy J S D Road, Mulund (West), Mumbai – 400080, Maharashtra, India |
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Date of Birth/ Age: |
18.10.1963 |
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Date of Appointment : |
13.04.2017 |
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DIN No.: |
03573562 |
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Other Directorship:
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KEY EXECUTIVES
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Name : |
L Venkateswaran |
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Designation : |
Company Secretary |
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Address : |
Flat No. Foe, 4th Floor, Block 2,Jains Kences, Retreat,15, Reddy Street, Virugumbakkam, Chennai - 600092, Tamilnadu, India |
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Date of Appointment : |
31.03.2010 |
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PAN No.: |
AAMPV0608D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2016
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Names of Shareholders |
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No. of Shares |
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Saint Gobain Deutschland GmbH, Germany |
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37753813 |
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Societe De Participations Financieres Et Industrielles, France |
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54109767 |
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Grindwell Norton Limited, India |
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2500000 |
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BPB India Limited |
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32905756 |
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Saint Gobain Seva, France |
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211700 |
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Hela Holding Private Limited, India |
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3562 |
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Anuj A. Seth |
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53430 |
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SEPR SA France |
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15000035 |
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Saint-Gobain Weber SA |
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1916930 |
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Saint-Gobain Crystaux and Detecteurs, France |
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2500000 |
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Total |
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146954993 |
AS ON: 30.09.2016
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Equity Share Breakup |
Percentage of Holding |
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Category |
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Promoters (Bodies corporate) |
99.96 |
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Public/Other than promoters (Individual/Hindu Undivided Family - Indian) |
0.04 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Saint-Gobain India Private Limited (“the
Company”) is engaged in the following businesses: a) Glass: The Company has glass manufacturing plants at Sriperumbudur-Tamil Nadu, Jhagadia-Gujarat and Bhiwadi-Rajasthan. b) Construction Products: i) Gypsum Boards and Gypsum based accessories: The Company has manufacturing plants in Wada-Maharashtra, Jind-Haryana and Bangalore-Karnataka. ii) Dry Mortars: The Company has manufacturing facility of dry mortars facility in Wada, Maharashtra. c) Ceramics: i) Refractories: The Company has manufacturing facility of alumina fused cast refractories product in Palakkad-Kerala. The Company has set up a new production facility in Perundunrai, Tamilnadu in the current year. ii) Crystals and Detectors: The Company is engaged in manufacturing of radiation sensing devices/detectors The Company has a manufacturing plant in Bangalore, Karnataka d) Design and Manufacture of Special Purpose Machineries: The Company is engaged in the business of design, development, manufacturing and supply of Special Purpose Machineries for various construction product manufacturing industries like Glass manufacturing/ Processing, Stonewool manufacturing, Gypsum Board manufacturing, etc. (Registered Activity) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· HDFC Bank Limited HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India · State Bank of Hyderabad |
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Facilities : |
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Auditors : |
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Name : |
Price Waterhouse Chartered Accountants LLP Chartered Accountants |
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Address : |
8th Floor, Prestige Palladium Bayan, 1290 – 140, Greams Road, Chennai - 600006, Tamilnadu, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAHFP0187A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Ultimate Holding
Company: |
Compagnie de Saint-Gobain, France |
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Subsidiary company
: |
Saint-Gobain Research India Private Limited [U73100TN2012PTC087371 |
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Fellow Subsidiary
companies : |
· Saint-Gobain Glass Deutschland GMBH · Grindwell Norton Limited [L26593MH1950PLC008163] · Saint-Gobain Seva (France) · Saint-Gobain Sekurit India Limited [L26101MH1973PLC018367] · Saint-Gobain Glass France · Saint-Gobain Exprover · Saint Gobain SEPR, France · Saint Gobain Glass Mexico S.A. · Saint Gobain Sekurit Deutschland · Saint Gobain Autover Distribution S.A · Savoie Refractaires · Saint Gobain Sekurit France · Saint-Gobain Glass Benelux S.A. · BPB Limited · Saint Gobain India Foundation [U91990MH2005NPL157644] · Vetrotech Saint-Gobain International AG · Saint-Gobain Recherche · Saint-Gobain Conceptions Verrieres · Saint-Gobain Cristaleria S.A · Vetrotech Saint Gobain France · Saint - Gobain do Brasil Produtos · Cebrace cristal Plano Limited · Saint Gobain Glass Egypt · Saint-Gobain Malaysia SDN BHD · Saint-Gobain Hanglas(Japan) K.K · Vetrotech Saint Gobain North America · Saint Gobain Glass Logistics · Saint Gobain Consulting Information and Organisation · Placo Trading LLC · Vidrieria Argentina S.A. · Vidrios Lirquen S.A. · Vasa del Paraguay S.A · Vetrotech SG Benelux · Saint Gobain Glass UK Limited · Hankuk Glass Industries Inc. · Saint Gobain Gyproc Emirates Industries · Saint-Gobain Euroveder · Saint-Gobain Sekurit Scandinavia AB · Saint-Gobain Sekurit Thailand Company Limited · Saint Gobain Techniver S.A. · Saint Gobain Devisa S.A · Saint Gobain Ecophon AG · Saint Gobain Weber Netservices · Certainteed Gypsum Nc Inc · Placo Do Brasil Limited · Thai Gypsum Products Plc · Saint Gobain Placo SAS · Saint Gobain Isover · Saint Gobain PAM · Saint Gobain (XUZHOU) Pipelines Company Limited · Saint Gobain QUARTZ SAS · Saint Gobain Solar USA · Certainteed Corporation · Saint Gobain Ceramics and Plastics Inc · Saint Gobain Emballage · Saint-Gobain Isover Gmbh · Saint-Gobain Weber AG · SEPR Keramik Gmbh and CO.KG · Verallia Saint-Gobain Vicasa S.A · Saint Gobain Ceramiques Informatique and Organisation · Saint-Gobain Crystaux and Detecteurs · Saint Gobain Glass ROMANIA S.R.L · Saint –Gobain Gypsum (Shanghai) Company Limited · Saint –Gobain PLACO IBERICA, S.A · CIA. IND El Volcan S.A · BPB Asia Limited · Beijing SEPR Refractories Co Limited · Saint Gobain (CREE Laboratory) · Saint Gobain Adfors CZ SRO · Saint Gobain IDAPLAC SL · Saint Gobain Isover G+H AG · Saint Gobain Oberland AG · Saint Gobain TM K.K · SEPR- SEFPRO- Le Pontet · Saint-Gobain Placo Pkacoplate Lambert SA · SEPR Italia S.P.A · Sodamco Emirates Factory · Vidrio Andino S.A. |
CAPITAL STRUCTURE
AFTER 30.09.2016
Authorised Capital : INR 1706.640 Million
Issued, Subscribed & Paid-up Capital : INR 1479.356
Million
AS ON: 31.03.2016
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
176014000 |
Equity Shares |
INR 10/- each |
INR 1760.140 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
146954993 |
Equity Shares |
INR 10/- each |
INR 1469.550
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 |
1469.550 |
1275.420 |
943.640 |
|
(b) Reserves and Surplus |
32877.410 |
24938.090 |
16628.650 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
5685.290 |
6917.620 |
|
Total
Shareholders’ Funds (1) + (2) |
34346.960 |
31898.800 |
24489.910 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1243.520 |
3602.330 |
4991.340 |
|
(b) Deferred tax liabilities (Net) |
3285.400 |
3144.000 |
2424.450 |
|
(c) Other long-term
liabilities |
308.810 |
415.100 |
225.940 |
|
(d) long-term
provisions |
121.290 |
126.390 |
67.630 |
|
Total Non-current
Liabilities (3) |
4959.020 |
7287.820 |
7709.360 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
15.870 |
293.220 |
1458.160 |
|
(b) Trade
payables |
7450.420 |
6407.490 |
4807.450 |
|
(c) Other
current liabilities |
5313.080 |
2186.770 |
2657.350 |
|
(d) Short-term
provisions |
1100.710 |
500.440 |
245.150 |
|
Total Current
Liabilities (4) |
13880.080 |
9387.920 |
9168.110 |
|
|
|
|
|
|
TOTAL |
53186.060 |
48574.540 |
41367.380 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
27957.020 |
26671.920 |
26837.910 |
|
(ii)
Intangible Assets |
2877.800 |
4082.960 |
2231.450 |
|
(iii) Tangible assets
capital work-in-progress |
550.820 |
2038.230 |
113.820 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
595.590 |
245.540 |
240.390 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
1324.580 |
1322.620 |
970.880 |
|
(e) Other
Non-current assets |
24.910 |
1.390 |
598.980 |
|
Total Non-Current
Assets |
33330.720 |
34362.660 |
30993.430 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
4506.040 |
556.640 |
305.900 |
|
(b)
Inventories |
8238.550 |
7518.350 |
5509.790 |
|
(c) Trade
receivables |
4173.600 |
3555.470 |
3242.720 |
|
(d) Cash and
bank balances |
166.880 |
201.320 |
359.140 |
|
(e)
Short-term loans and advances |
1878.000 |
1325.570 |
666.360 |
|
(f) Other
current assets |
892.270 |
1054.530 |
290.040 |
|
Total
Current Assets |
19855.340 |
14211.880 |
10373.950 |
|
|
|
|
|
|
TOTAL |
53186.060 |
48574.540 |
41367.380 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
39892.620 |
36177.540 |
26939.770 |
|
|
Other Income |
775.010 |
879.890 |
177.780 |
|
|
TOTAL |
40667.630 |
37057.430 |
27117.550 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
11078.620 |
10238.260 |
7224.350 |
|
|
Purchases of
Stock-in-Trade |
2698.740 |
2439.550 |
1937.290 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(565.040) |
(731.510) |
(60.260) |
|
|
Employee benefit expense |
2450.990 |
2123.890 |
1522.470 |
|
|
CSR expenditure |
35.450 |
19.160 |
0.000 |
|
|
Other expenses |
17212.620 |
16881.240 |
13061.860 |
|
|
TOTAL |
32911.380 |
30970.590 |
23685.710 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
7756.250 |
6086.840 |
3431.840 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
407.860 |
292.270 |
225.530 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
7348.390 |
5794.570 |
3206.310 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3473.430 |
3571.840 |
2603.790 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3874.960 |
2222.730 |
602.520 |
|
|
|
|
|
|
|
Less |
TAX |
1700.190 |
1233.460 |
381.260 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
2174.770 |
989.270 |
221.260 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
5270.140 |
5232.830 |
0.000 |
|
|
Other
Earning |
0.000 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
5270.140 |
5232.830 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
4770.830 |
4405.020 |
3484.670 |
|
|
Components and spare
parts |
670.670 |
519.380 |
313.280 |
|
|
Capital Goods |
1019.800 |
1198.940 |
703.590 |
|
|
TOTAL IMPORTS |
6461.300 |
6123.340 |
4501.540 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
14.80 |
6.73 |
1.73 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
2790.900 |
941.830 |
1178.360 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
9455.780 |
5082.100 |
2303.940 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
8296.280 |
4720.900 |
2554.890 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
38.19 |
35.87 |
43.93 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
9.56 |
10.18 |
8.31 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
197.38 |
184.47 |
191.53 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.94 |
0.81 |
0.62 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.25 |
0.19 |
0.12 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.34 |
0.29 |
0.37 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.12 |
0.15 |
0.31 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.40 |
0.29 |
0.37 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.91 |
1.03 |
1.19 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
19.02 |
20.83 |
15.22 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
5.45 |
2.73 |
0.82 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.09 |
2.04 |
0.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.33 |
3.10 |
0.90 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.43 |
1.51 |
1.13 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.84 |
0.71 |
0.53 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.65 |
0.66 |
0.59 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.76 |
3.79 |
8.08 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.43 |
1.51 |
1.13 |
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 |
943.640 |
1275.420 |
1469.550 |
|
Reserves & Surplus |
16628.650 |
24938.090 |
32877.410 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
6917.620 |
5685.290 |
0.000 |
|
Net
worth |
24489.910 |
31898.800 |
34346.960 |
|
|
|
|
|
|
Long-term borrowings |
4991.340 |
3602.330 |
1243.520 |
|
Short term borrowings |
1458.160 |
293.220 |
15.870 |
|
Current maturities of
long-term debts |
1178.360 |
941.830 |
2790.900 |
|
Total
borrowings |
7627.860 |
4837.380 |
4050.290 |
|
Debt/Equity
ratio |
0.311 |
0.152 |
0.118 |
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 |
26939.770 |
36177.540 |
39892.620 |
|
|
0.000 |
34.290 |
10.269 |
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 |
26939.770 |
36177.540 |
39892.620 |
|
Profit/ (Loss) |
221.260 |
989.270 |
2174.770 |
|
|
0.82
% |
2.73
% |
5.45
% |
ABRIDGED
BALANCE SHEET - CONSOLIDATED
|
SOURCES OF FUNDS |
|
|
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
1469.550 |
|
(b) Reserves &
Surplus |
|
|
32925.560 |
|
(c) Money received
against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
|
0.000 |
|
Minority Interest |
|
|
417.570 |
|
Total Shareholders’ Funds
(1) + (2) |
|
|
34812.680 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
1531.830 |
|
(b) Deferred tax
liabilities (Net) |
|
|
3285.400 |
|
(c) Other long term
liabilities |
|
|
309.770 |
|
(d) long-term provisions |
|
|
123.670 |
|
Total Non-current
Liabilities (3) |
|
|
5250.670 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
414.740 |
|
(b) Trade payables |
|
|
7490.740 |
|
(c) Other current
liabilities |
|
|
5501.680 |
|
(d) Short-term provisions |
|
|
1101.420 |
|
Total Current Liabilities
(4) |
|
|
14508.580 |
|
|
|
|
|
|
TOTAL |
|
|
54571.930 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
29380.790 |
|
(ii) Intangible Assets |
|
|
2883.640 |
|
(iii) Capital
work-in-progress |
|
|
569.610 |
|
(iv) Intangible assets
under development |
|
|
7.420 |
|
(b) Non-current
Investments |
|
|
151.330 |
|
(c) Deferred tax assets
(net) |
|
|
10.340 |
|
(d) Long-term Loan and Advances |
|
|
1461.300 |
|
(e) Other Non-current
assets |
|
|
24.910 |
|
Total Non-Current Assets |
|
|
34489.340 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
4602.540 |
|
(b) Inventories |
|
|
8238.550 |
|
(c) Trade receivables |
|
|
4259.390 |
|
(d) Cash and cash
equivalents |
|
|
182.540 |
|
(e) Short-term loans and
advances |
|
|
1903.200 |
|
(f) Other current assets |
|
|
896.370 |
|
Total Current Assets |
|
|
20082.590 |
|
|
|
|
|
|
TOTAL |
|
|
54571.930 |
PROFIT
& LOSS ACCOUNT - CONSOLIDATED
|
|
PARTICULARS |
|
|
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
40326.460 |
|
|
Other Income |
|
|
770.770 |
|
|
TOTAL |
|
|
41097.230 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
11078.620 |
|
|
Purchases of
Stock-in-Trade |
|
|
2698.740 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(565.040) |
|
|
Employees benefits
expense |
|
|
2606.730 |
|
|
Other expenses |
|
|
17373.380 |
|
|
TOTAL |
|
|
33192.430 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
|
7904.800 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
416.230 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
7488.570 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
3546.850 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
|
3941.720 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
1727.870 |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS)
FOR PERIOD BEFORE MINORITY INTEREST |
|
|
2213.850 |
|
|
|
|
|
|
|
|
Profit (loss) of minority interest |
|
|
(18.220) |
|
|
Share of profit (loss) of associates |
|
|
2.180 |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS)
FOR PERIOD |
|
|
2197.810 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
14.96 |
LEGAL CASE
High Court of Madras
Case
Status Information System
|
Case Status : Pending Status Of : CIVIL SUITS 550 Of 2016 Litigants : ISS SDB SECURITY SERVICES Vs. SAINT GOBAIN INDIA PRIVATE LIMITED Pet's Adv : K.MAHALINGAM Res's Adv : T.S.GOPALAN AND CO. LAST HEARING Date : Wednesday, February 08, 2017 Category : -- |
|
Connected Application(s) |
|
A 60282016 |
|
Order(s) |
|
No Orders |
|
Connected Matter(s) |
|
No Connected Cases |
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 |
No |
|
7 |
Name of the person contacted |
No |
|
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 |
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 |
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 |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
A66925926 |
10169226 |
CORPORATION
BANK |
22/06/2009 |
- |
- |
250000000.0 |
MUMBAI
- IFB, BHARATH HOUSE, GROUND FLOOR,104 BOMBAY SAMACHAR MARG,MUMBAIMH400001IN |
|
2 |
Y10140054 |
90059959 |
GOVERNOR
OF HARYANA |
23/11/1990 |
- |
- |
50000.0 |
HARYANAHARYANAHRIN |
|
3 |
G03141207 |
10018974 |
BNP
PARIBAS |
23/08/2006 |
28/09/2007 |
21/04/2016 |
1014201233.0 |
20,
COLLYER QUAY #01-01,TUNG CENTRESINGAPORENA049319SG |
|
4 |
C78787504 |
10086613 |
STANDARD
CHARTERED BANK |
07/02/2008 |
- |
10/02/2016 |
450000000.0 |
1,
ALDERMANBURY SQUARELONDONNAEC2V75BGB |
|
5 |
C76089739 |
90059585 |
STATE
BANK OF HYDERABAD |
25/11/1986 |
24/06/1991 |
08/01/2016 |
15000000.0 |
SURYA KIRAN
BUILDING19; K. G. MARGNEW DELHIDL110001IN |
|
6 |
C76088657 |
90059640 |
STATE
BANK OF HYDERABAD |
16/11/1987 |
29/04/1992 |
08/01/2016 |
5000000.0 |
SURYA
KIRAN BUILDINGKASTURBA GANDHI MARGNEW DELHIDL110001IN |
|
7 |
C76052208 |
90048540 |
STATE BANK
OF HYDERABAD |
27/06/2001 |
- |
08/01/2016 |
103000000.0 |
SURYAKIRAN
BUILDINGKGMNEW DELHIDL110049IN |
|
8 |
C76063866 |
90059972 |
STATE
BANK OF HYDERABAD |
15/12/1990 |
- |
08/01/2016 |
3000000.0 |
K. G.
MARGNEW DELHIDLIN |
|
9 |
C40934648 |
90045794 |
STATE
BANK OF INDIA |
24/06/1991 |
01/06/2001 |
31/12/2014 |
3600000.0 |
SOUTH
EXTENSION PART INEW DELHIDL110049IN |
|
10 |
C12056487 |
90285242 |
STATE
BANK OF INDIA |
27/01/1999 |
21/04/2005 |
09/07/2014 |
600000000.0 |
CORPORATEACCOUNTS
GROUP BRANCH;149; GREAMS ROADCHENNAITN600006IN |
|
11 |
C12043089 |
90285904 |
STATE
BANK OF INDIA |
27/01/1999 |
25/04/2005 |
09/07/2014 |
600000000.0 |
CORPORATE
ACCOUNT BRANCH;149; GREAMS ROADCHENNAITN600004IN |
|
12 |
B80767858 |
90285472 |
CALYON BANK |
13/12/2001 |
06/02/2006 |
01/08/2013 |
750000000.0 |
WEST
MINITER; 2ND FLOOR108; DR. RADHAKRISHNAN SALAICHENNAITN600004IN |
|
13 |
B78971181 |
80002335 |
DEUTSCHE
BANK |
13/12/2005 |
26/11/2007 |
10/06/2013 |
120000000.0 |
RAHEJA TOWERS,
POST BOX NO. 5002,26/27. M.G. ROAD,BANGALOREKA560001IN |
|
14 |
B76784610 |
10292804 |
HDFC
BANK LIMITED |
30/05/2011 |
31/12/2011 |
20/05/2013 |
3000000000.0 |
HDFC
BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
15 |
B76741719 |
10071683 |
CALYON
BANK |
06/09/2007 |
04/02/2009 |
20/05/2013 |
303155800.0 |
168
ROBINSON ROAD, # 22-01,CAPITAL TOWERSINGAPORENA068912SG |
|
16 |
B36099182 |
90285749 |
CANARA
BANK |
30/11/2004 |
16/05/2005 |
08/03/2012 |
50000000.0 |
CORPORATESERVICE
BRANCH; 1 FLOOR;SPENCER TOWER770-A; ANNA SALAICHENNAITN600002IN |
|
17 |
B28204634 |
90290663 |
STANDARD
CHARTERED BANK |
09/06/2005 |
- |
19/12/2011 |
1040000000.0 |
NEW
LONDON BRIDGE HOUSE25 NEW LONDON BRIDGE STREETLONDONNAGB |
|
18 |
B28875409 |
90285660 |
CALYON
BANK (FORMERLY KNOWN AS CREDIT LYONNAIS) |
23/02/2004 |
01/09/2006 |
14/12/2011 |
663500000.0 |
27TH
FLOOR, TWO PACIFIC PLACE88, QUEENSWAY, HONG KONGHONG KONGNA000000000HK |
|
19 |
A98487473 |
90285771 |
ABNAMRO
BANK N.V. |
19/05/2005 |
- |
20/10/2010 |
520000000.0 |
CREDIT
ADMINISTRATION DEPARTMENT63 CHULIA STREETSINGAPORENA049514SG |
|
20 |
A83459339 |
90285772 |
BNP
PARIBAS; INDIA |
22/06/2005 |
- |
01/04/2010 |
1028500000.0 |
PRINCE TOWER;
3 FLOOR; 25/26; COLLEGE ROADNUNGAMBAKKAMCHENNAITN600006IN |
|
21 |
A74985821 |
80056881 |
CALYON
BANK |
13/12/2005 |
- |
23/11/2009 |
12500000.0 |
KM
CARIAPPA BLDMG ROADBANGALOREKA560001IN |
|
22 |
Y10408853 |
90285926 |
INDIAN
OVERSEAS BANK |
11/08/1999 |
05/10/2000 |
29/12/2001 |
300000000.0 |
IRUNGATTUKOTTAI
BRANCHIRUNGATTUKOTTAITN602105IN |
|
23 |
Y10408191 |
90285264 |
CANARA
BANK |
16/04/1999 |
03/06/1999 |
21/11/2001 |
300000000.0 |
CORPORATE
SERVICEBRANCH; 1STFLOOR; SPENCER TOWER 2770-A; ANNA SALAICHENNAITN600002IN |
|
24 |
Y10408844 |
90285917 |
CORPORATION
BANK |
20/04/1999 |
- |
21/11/2001 |
250000000.0 |
49;
ARMENIAN STREET ; GEORGE TOWERCHENNAITN600001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from others |
1206.880 |
3565.690 |
|
Other loans and advances, others |
36.640 |
36.640 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Term loans from banks |
15.870 |
263.690 |
|
|
|
|
|
Total |
1259.390 |
3866.020 |
GENERAL INFORMATION
Saint-Gobain India Private Limited (“the Company”) is engaged in the following businesses:
a) Glass: The Company has glass manufacturing plants at Sriperumbudur-Tamil Nadu, Jhagadia-Gujarat and Bhiwadi-Rajasthan.
b) Construction Products:
i) Gypsum Boards and Gypsum based accessories: The Company has manufacturing plants in Wada-Maharashtra, Jind-Haryana and Bangalore-Karnataka.
ii) Dry Mortars: The Company has manufacturing facility of dry mortars facility in Wada, Maharashtra.
c) Ceramics:
i) Refractories: The Company has manufacturing facility of alumina fused cast refractories product in Palakkad-Kerala.
The Company has set up a new production facility in Perundunrai, Tamilnadu in the current year.
ii) Crystals and Detectors: The Company is engaged in manufacturing of radiation sensing devices/detectors The Company has a manufacturing plant in Bangalore, Karnataka
d) Design and Manufacture of Special Purpose Machineries: The Company is engaged in the business of design, development, manufacturing and supply of Special Purpose Machineries for various construction product manufacturing industries like Glass manufacturing/ Processing, Stonewool manufacturing, Gypsum Board manufacturing, etc. The Company has assembly facility at Bangalore, Karnataka
AMALGAMATION OF SEPR REFRACTORIES INDIA PRIVATE
LIMITED AND SAINT-GOBAIN CRYSTALS & DETECTORS INDIA LIMITED IN THE PREVIOUS
YEAR
In the previous year, the Board of Directors, at its meeting held on March 10, 2015, approved a scheme of amalgamation of SEPR Refractories India Private Limited (the “SEPR”) and Saint-Gobain Crystals & Detectors India Limited (the “SGCD”) with Saint-Gobain India Private Limited, pursuant to sections 391 to 394 of the Companies Act, 1956 ("Scheme") with the appointed date as April 1, 2014. This scheme was sanctioned by the Honorable High Court of Judicature at Madras vide their Order dated November 30, 2015, which was filed with the Registrar of Companies, Tamil Nadu, Chennai on December 24, 2015 (the Effective Date).
Pursuant to the above scheme, in consideration for the transfer, the Company has allotted shares during the year as follows:-
a) SEPR: 5 shares of INR 10 each for every 1 equity share of SEPR at a premium of INR 282.8 per share (Aggregating to 16,916,965 shares amounting to INR 4953.290 million)
b) SGCD: 5 shares of INR 10 each for every 2 equity shares of SGCD at a premium of INR.282.8 per share (Aggregating to 2,500,000 shares of INR 732.000 million)
OPERATIONS
The Company has strong business presence in, Building and Automotive Glass, Gypsum Plaster Board and specialized Refractories for the Glass sector.
The Company’s overall performance has improved over the previous year. The growth in sales is moderate but the operating profits improved significantly in most business.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
Claims against the Company not acknowledged as debts in respect of various cases relating to : |
|
|
|
- Claims not acknowledged as debt |
6.150 |
5.730 |
|
- Direct Tax Matters |
92.150 |
118.380 |
|
- Indirect Tax Matters |
1115.260 |
890.900 |
|
- Demand by KIADB |
10.180 |
10.180 |
|
Channel Financing |
273.700 |
189.820 |
|
Contingent Liability to the extent of duty saved on Export Promotion Capital Goods Scheme. |
1511.000 |
1010.780 |
FIXED ASSETS:
- Land
- Buildings
- Factory building
- Plant and equipment
- Factory equipment’s
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment’s
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 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 65.45 |
|
UK Pound |
1 |
INR 93.28 |
|
Euro |
1 |
INR 80.74 |
INFORMATION
DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
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 |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.