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|
|
MIRA INFORM REPORT
|
Report No. : |
506199 |
|
Report Date : |
28.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMOLI ORGANICS PRIVATE LIMITED (w.e.f. 31.03.1995) |
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Formerly Known
As : |
AMOLI ORGANICS LIMITED |
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Registered Office
: |
Plot No.322/ 4, 40 Shed Area, GIDC, Vapi – 396 195, |
|
Tel. No.: |
91-260-22424882/
22400383 |
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Country : |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
19.09.1991 |
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Com. Reg. No.: |
04-016288 |
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Capital
Investment / Paid-up Capital : |
INR 46.000 Million |
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|
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CIN No.: [Company Identification
No.] |
U24231GJ1991PTC016288 |
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|
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IEC No.: [Import-Export Code No.] |
0391142321 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
SRTA01797F |
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GSTN : [Goods & Service Tax
Registration No.] |
27AACCA3990Q1Z2 |
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TIN No: |
27110022634 |
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PAN No.: [Permanent Account No.] |
AACCA3990Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in manufacturing of active
pharmaceutical ingredients (API). (Registered Activity) |
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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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exists |
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Comments : |
Subject was incorporated in the year 1991. It is a manufacturer of active
pharmaceutical ingredients (API). 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 year 2016, the company has achieved 29.25% growth
in its revenue as compared to the previous year and has gained fair
profitability margin of 5.28%. The company possesses healthy financial position marked by acceptable
debt level, satisfactory position and adequate networth base. Rating takes into consideration the company’s favourable earnings per
share (EPS) of INR 36.47 as against its face value (FV) of INR 10. Rating is constrained on account of absence of latest financial. Business is active. Payments are seems to be usually correct. In view of aforesaid, the company can be considered for 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Loans = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
24.04.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Loans = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
24.04.2017 |
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
31-03-2018.
BIFR (Board for Industrial & Financial Reconstuction) 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 28.04.2018
IBBI (Insolvency and Bankruptcy Board of
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Navneet |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9819103336 |
|
Date : |
27.04.2018 |
LOCATIONS
|
Registered
Office/ Factory 1 : |
Plot No.322/ 4, 40 Shed Area, GIDC, Vapi – 396 195, |
|
Tel. No.: |
91-260-22424882/
22400383 |
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Mobile No.: |
91-9819103336 (Mr. Navneet) |
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Fax No.: |
91-260-22431982 |
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E-Mail : |
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Website : |
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Corporate
Office/ Factory 2 : |
407,
Dalamal House, |
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Tel. No.: |
91-22-22854715
/ 22854716 |
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Fax No.: |
91-22-22041400 |
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|
|
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Factory 3 : |
Plot
No. 421 to 425, 432, 433 and 436, Taluka – Padra, District: Vadodara, |
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Tel. No.: |
91-2662-3200383 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Manish Umed Doshi |
|
Designation : |
Director |
|
Address : |
1201 A, Chandanbala Apartment, |
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Date of Birth/Age : |
07.10.1961 |
|
Qualification : |
B. Pharma |
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Date of Appointment : |
15.10.1994 |
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PAN No.: |
AABPD3578R |
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DIN No.: |
00210389 |
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|
|
Name : |
Mrs. Vandana Manish Doshi |
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Designation : |
Director |
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Address : |
1201 A, Chandanbala Apartment, |
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Date of Birth/Age : |
23.08.1962 |
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Date of Appointment : |
19.01.1991 |
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PAN No.: |
AAEPD2835J |
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DIN No.: |
00211618 |
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|
|
Name : |
Mr. Kundan Lal Khurana |
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Designation : |
Director |
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Address : |
103, Sector 35A, |
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Date of Birth/Age : |
22.09.1942 |
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PAN No.: |
ACSPK5867H |
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Date of Appointment : |
26.09.2009 |
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DIN No.: |
02193237 |
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Name : |
Mr. Rupesh Suryakant Kamdar |
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Designation : |
Director |
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Address : |
Flat No.603, Somnath CHS, |
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Date of Birth/Age : |
11.04.1971 |
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Date of Appointment : |
26.09.2009 |
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PAN No.: |
AFVPK9124K |
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DIN No.: |
02358348 |
KEY EXECUTIVES
|
Name : |
Khanna and Company |
|
Designation : |
Practicing Company Secretaries |
|
Address : |
# 101, Vindhya Commercial Complex, Plot 1, Sector 11, CBD Belapur,
Navi Mumbai-400614, Maharashtra, India |
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Tel. No.: |
91-22-27578787 |
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E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
No. of Shares |
|
Manish
U. Doshi |
1070496 |
23.27 |
|
Vandna
M. Doshi |
1631776 |
35.47 |
|
Indu
U. Doshi |
78880 |
1.71 |
|
Manish
U. Doshi (HUF) |
498848 |
10.84 |
|
Tolstoy
Investments Private Limited, India |
320000 |
6.96 |
|
Port
Limited, Mauritius |
1000000 |
21.74 |
|
TOTAL |
4600000 |
100.00 |
AS ON 12.04.2016
|
Names of Allotter |
No. of Shares |
|
Manish
U. Doshi |
511980 |
|
TOTAL |
511980 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters-Individual/Hindu
Undivided Family-Indian |
71.30 |
|
Public/Other
than promoters-Body corporate |
28.70 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing of active pharmaceutical
ingredients (API). (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 : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
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Auditors : |
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|
Name : |
CNK and Associates, LLP Chartered Accountants |
|
Address : |
Mistry Bhavan, 3 Floor, Dinshaw Vachha Road, Churchgate, Mumbai, Maharashtra, India |
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PAN : |
AACFC8587E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : (AS ON 31.03.2016) |
[U24231MH1982PTC224236]
[U51909MH2003PTC142648]
|
CAPITAL STRUCTURE
AFTER 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
INR 10/- each |
INR 125.000 Million |
|
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|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5111980 |
Equity Shares |
INR 10/- each |
INR 51.120 Million |
|
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AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
INR 10/- each |
INR 125.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4600000 |
Equity Shares |
INR 10/- each |
INR 46.000 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 |
46.000 |
46.000 |
46.000 |
|
(b) Reserves and Surplus |
573.998 |
406.233 |
315.138 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
50.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
669.998 |
452.233 |
361.138 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
340.705 |
393.242 |
306.448 |
|
(b) Deferred tax liabilities (Net) |
17.862 |
7.892 |
14.855 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
38.525 |
35.726 |
24.940 |
|
Total Non-current
Liabilities (3) |
397.092 |
436.860 |
346.243 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
633.842 |
538.070 |
505.047 |
|
(b) Trade
payables |
650.471 |
636.326 |
731.720 |
|
(c) Other
current liabilities |
180.562 |
119.437 |
114.274 |
|
(d) Short-term
provisions |
23.262 |
3.582 |
2.400 |
|
Total Current
Liabilities (4) |
1488.137 |
1297.415 |
1353.441 |
|
|
|
|
|
|
TOTAL |
2555.227 |
2186.508 |
2060.822 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
713.853 |
586.582 |
518.043 |
|
(ii)
Intangible Assets |
42.812 |
1.763 |
0.590 |
|
(iii) Tangible assets
capital work-in-progress |
41.209 |
91.469 |
96.282 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.151 |
1.151 |
1.151 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
85.753 |
61.736 |
48.462 |
|
(e) Other
Non-current assets |
2.285 |
6.567 |
0.000 |
|
Total Non-Current
Assets |
887.063 |
749.268 |
664.528 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
529.927 |
500.781 |
401.621 |
|
(c) Trade
receivables |
879.382 |
609.778 |
761.585 |
|
(d) Cash and
bank balances |
29.137 |
29.788 |
23.643 |
|
(e)
Short-term loans and advances |
99.437 |
140.347 |
65.043 |
|
(f) Other
current assets |
130.281 |
156.546 |
144.402 |
|
Total
Current Assets |
1668.164 |
1437.240 |
1396.294 |
|
|
|
|
|
|
TOTAL |
2555.227 |
2186.508 |
2060.822 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3177.561 |
2458.407 |
2312.837 |
|
|
Other Income |
3.918 |
4.668 |
5.613 |
|
|
TOTAL |
3181.479 |
2463.075 |
2318.450 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1564.258 |
1227.646 |
1201.320 |
|
|
Purchases of
Stock-in-Trade |
14.448 |
8.998 |
22.330 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(43.424) |
(20.447) |
(19.859) |
|
|
Employee benefit expense |
281.453 |
230.043 |
275.877 |
|
|
CSR expenditure |
0.752 |
0.000 |
0.000 |
|
|
Other expenses |
924.560 |
759.676 |
645.730 |
|
|
TOTAL |
2742.047 |
2205.916 |
2125.398 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
439.432 |
257.159 |
193.052 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
106.364 |
89.613 |
74.002 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
333.068 |
167.546 |
119.050 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
122.307 |
83.415 |
75.424 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
210.761 |
84.131 |
43.626 |
|
|
|
|
|
|
|
Less |
TAX |
42.996 |
(6.963) |
1.848 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
167.765 |
91.094 |
41.778 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1546.602 |
1220.881 |
1222.704 |
|
|
Contract Research Fees |
2.918 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
1549.520 |
1220.881 |
1222.704 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
846.594 |
574.696 |
516.545 |
|
|
Components and spare
parts |
0.413 |
0.723 |
0.000 |
|
|
Capital Goods |
30.773 |
15.995 |
3.159 |
|
|
TOTAL IMPORTS |
877.780 |
591.414 |
519.704 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
36.47 |
19.80 |
9.08 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
50.448 |
32.519 |
7.754 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
174.646 |
53.627 |
144.303 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
249.350 |
119.643 |
137.832 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
101.01 |
90.53 |
120.19 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
3.61 |
4.03 |
3.04 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
150.39 |
187.81 |
218.26 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.83 |
0.51 |
0.48 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.55 |
0.38 |
0.31 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.74 |
0.79 |
0.81 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
1.53 |
2.13 |
2.27 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
2.22 |
2.87 |
3.75 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
1.19 |
1.50 |
1.70 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
4.13 |
2.87 |
2.61 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT/Sales) * 100) |
(%) |
5.28 |
3.71 |
1.81 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
6.57 |
4.17 |
2.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
25.04 |
20.14 |
11.57 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.12 |
1.11 |
1.03 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.76 |
0.72 |
0.73 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.26 |
0.21 |
0.18 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
22.28 |
20.95 |
17.81 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
1.12 |
1.11 |
1.03 |
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 |
46.000 |
46.000 |
46.000 |
|
Reserves & Surplus |
315.138 |
406.233 |
573.998 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
50.000 |
|
Net
worth |
361.138 |
452.233 |
669.998 |
|
|
|
|
|
|
Long-term borrowings |
306.448 |
393.242 |
340.705 |
|
Short term borrowings |
505.047 |
538.070 |
633.842 |
|
Current maturities of
long-term debts |
7.754 |
32.519 |
50.448 |
|
Total
borrowings |
819.249 |
963.831 |
1024.995 |
|
Debt/Equity
ratio |
2.269 |
2.131 |
1.530 |
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 |
2312.837 |
2458.407 |
3177.561 |
|
|
|
6.294 |
29.253 |
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 |
2312.837 |
2458.407 |
3177.561 |
|
Profit/ (Loss) |
41.778 |
91.094 |
167.765 |
|
|
1.81
% |
3.71
% |
5.28
% |
LEGALS
FILE
HIGH COURT
|
VALSAD VALSAD THE COMMISSIONER OF INC OME TAXVALSAD VS
AMOLI ORGANICS P LTD. |
|
high court-Guj |
|
Case no:82. TAXAP/37/2008 |
|
Case status:Pending |
|
Judge:HON'BLE MR.JUSTICE - 1 |
|
Date:2016-01-21T00:00:00Z |
HIGH COURT
|
VADODARA COMMISSIONER CENTRAL EXCISE & CUSTOMS VS MS
AMOLI ORGANICS LTD |
|
high court-Guj |
|
Case no:55. TAXAP/785/2009 |
|
Case status:Pending |
|
Judge:HON'BLE MR.JUSTICE N.V.ANJARIA |
|
Date:2015-11-03T00:00:00Z |
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 |
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 |
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
YES |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
REVENUE FROM OPERATIONS
(As on 31.03.2016)
The Company has earned a profit of INR 167.765 million for the year ended 31 March 2016 as against the profit of INR 91.094 million earned during the year ended 31 March 2015.
CORPORATE INFORMATION
(As on 31.03.2016)
The Company is a private limited Company incorporated under the provisions of the Companies Act, 1956. The Company is engaged in manufacturing of active pharmaceutical ingredients (API) at its units located at Vapi and Baroda in Gujarat, India.
The company also has an in-house research and development Centre at Baroda which is approved by DSIR (Department of Scientific and Industrial Research) to develop the products through process research.
UNSECURED LOAN
|
Particulars |
As
on 31.03.2016 |
As
on 31.03.2015 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from directors |
110.909 |
170.900 |
|
SHORT TERM
BORROWING |
0.000 |
0.000 |
|
Loans and advances from directors |
14.303 |
63.216 |
|
Total |
125.212 |
234.116 |
INDEX OF CAHREGS:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G76379296 |
100153239 |
ICICI BANK LIMITED |
19/12/2017 |
- |
- |
90000000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
2 |
G13832928 |
100052374 |
State Bank of India |
24/08/2016 |
29/08/2016 |
- |
1250100000.0 |
Industrial Finance Branch, 2nd Floor, Arcade,World Trade Centre, Cuffe Parade,MumbaiMH400005IN |
|
3 |
C69710143 |
10601722 |
ICICI BANK LIMITED |
01/08/2015 |
- |
- |
50000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
4 |
C37364593 |
10537335 |
DBS Bank Ltd |
15/12/2014 |
- |
- |
7500000.0 |
2nd Floor, Shree Ambica AutoGIDC Bhatpore, Opp ONGC HaziraSuratGJ394510IN |
|
5 |
C31424567 |
10528029 |
DBS Bank Ltd |
16/09/2014 |
- |
- |
113000000.0 |
2nd Floor, Shree Ambica AutoOPP: ONGC Hazira, GIDC BhatporeSuratGJ394510IN |
|
6 |
C37365855 |
10479437 |
DBS Bank Ltd |
13/02/2014 |
04/12/2014 |
- |
188000000.0 |
2nd Floor, Shree Ambica Auto, OPP: ONGCGIDC, Bhatpore HaziraSuratGJ394510IN |
|
7 |
C31427602 |
10449164 |
DBS Bank Ltd |
06/09/2013 |
16/09/2014 |
- |
95000000.0 |
2nd Floor, Shree Ambica Auto,OPP: ONGC Hazira, GIDC BhatporeSuratGJ394510IN |
|
8 |
B62572813 |
10354320 |
ICICI BANK LIMITED |
26/04/2012 |
21/11/2012 |
- |
126000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
9 |
A05726054 |
10027182 |
ICICI BANK LIMITED |
15/09/2006 |
- |
- |
140000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
10 |
C69711612 |
90105486 |
ICICI BANK LIMITED |
08/02/2005 |
01/08/2015 |
- |
270600000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
CONTINGENT
LIABILITIES:
(INR in Million)
|
PARTICULARS |
31.03.2016 |
|
Other money for which company is contingently liable |
16.622 |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment’s
Intangible assets
- Computer software
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 66.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
TJL |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
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.