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MIRA INFORM REPORT
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Report No. : |
487851 |
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Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
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Name : |
SWAL CORPORATION LIMITED (w.e.f.29.04.2004) |
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Formerly Known
As : |
SHAW WALLACE AGROCHEMICALS LIMITED [w.e.f. 28.05.2001] SHAW WALLACE CONSULTANTS LIMITED |
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Registered
Office : |
United Phosphorus
Limited, Ready Money Terrace, 167, |
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Tel. No.: |
91-22-24930681 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
12.10.1979 |
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Com. Reg. No.: |
11-136661 |
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Capital
Investment / Paid-up Capital : |
INR 80.200 Million |
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CIN No.: [Company Identification
No.] |
U24110MH1979PLC136661 |
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IEC No.: |
Not Divulged |
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GSTIN 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.] |
AAFCS9111A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
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No. of Employees
: |
Information declined by the management
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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 |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject operates as a subsidiary of UPL Limited. The company was incorporated in the year 1979. It is engaged in the manufacturing, research, marketing and distribution of corp protection products, intermediates, specialty chemicals, and other industrial chemicals. For the financial year 2016, the revenue of the company has increased by 8.93% along with average profit margin of 1.74%. The rating takes into consideration sound financial profile of the company marked by adequate networth base and comfortable gearing and fair liquidity position in FY2016. The company has decent Earning per Share (EPS) of INR. 92.66 Against the Face Value (FV) of INR.10. The ratings further reflect the UPL group’s healthy market position in the agrochemicals sector, large scale of operations, diversified geographic presence and wide product mix. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. In view of long track record of business operations along with decent financial condition, the company can be considered for business dealings at usual trade terms and conditions. Note: As per the Registrar of Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but documents related to financial for the year 31.03.2017 are not available from any sources. |
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 |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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
31-03-2016.
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 24.01.2018.
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.: 91-22-71528000/ 24930681)
LOCATIONS
|
Registered Office : |
United Phosphorus
Limited, Ready Money Terrace, 167, |
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Tel. No.: |
91-22-24930681/26468000/ 61233500 |
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Fax No.: |
91-22-26487523 |
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E-Mail : |
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Website: |
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Corporate Office: |
United Phosphorus
Limited House, 4th Floor, CTS No. 610B/2, Bandra Village, |
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Tel. No.: |
91-22- 7152 8112/8185 |
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Branch Office 1: |
C-706, Signature 2, Near Sarkhej Sanand Circle, Sanand Road, Sarkhej, Ahmedabad-382210, Gujarat, India |
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Tel. No.: |
91-79-66174757 |
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Branch Office 2: |
SCO-31, 2nd Floor, Kaligidhar Enclave, Baltana, Zirakpur-140603, SAS Nagar, Punjab, India |
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Branch Office 3: |
(Old No. 23), New No. 70 Main Road, Karamadai, Coimbatore - 641104, Tamilnadu, India |
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Branch Office 4: |
Plot No. 53 B, First Floor, B block, Vasavi colony, Secunderabad - 500015, Telangana, India |
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Branch Office 5: |
"Sapphire Heights" 401, 4th Floor, Opposite C-21 Mall, A. B. Road, Indore, Madhya Pradesh, India |
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Tel. No.: |
91-73-14098621 |
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Branch Office 6: |
M.C. Road, Manipuzha, Nattakom (P.O.), Kottayam -686 013, Kerala, India |
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Tel No.: |
91-481-2361005 |
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Branch Office 7: |
43/1, 2nd floor, F-2b, Above Lycem study centre, M.G. Road, Near Ajaya Sanghatti club, Haridevpur, Kolkata-700082, West Bengal, India |
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Branch Office 8: |
Sai Ambience, Plot 2a/b, 304 Third Floor, Near Shivar Gardan Chouk, Jagtap Dairy, Pimpale Saudagar, Pune – 411027, Maharashtra, India |
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Branch Office 9: |
Ground Floor, Door No. 54-20/4-3, Plot No.40, Gurunanak Colony, Vijayawada–521008, Andhra Pradesh, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Krishna Ramprakash Srivastava |
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Designation : |
Managing Director |
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Address : |
203, 2nd, Park View, Park Road, Parla (East), Mumbai-400057, Maharashtra, India |
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Date of Birth/Age : |
11.08.1957 |
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Date of Appointment : |
29.06.2005 |
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DIN No.: |
00810303 |
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Name : |
Mr. Rajnikant Devidas Shrof |
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Designation : |
Director |
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Address : |
Kinara, Next to Milton Apartment, Juhu Tara Road, Juhu, Mumbai-400049 Maharashtra, India |
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Date of Birth/Age : |
20.10.1933 |
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Date of Appointment : |
29.06.2005 |
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PAN No.: |
AALPS9281Q |
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DIN No.: |
00180810 |
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Name : |
Mr. Salim Pyarali Govani |
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Designation : |
Director |
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Address : |
401, Seagull-A Sherley Rajan Road, Bandra (West) Mumbai-400050 Maharashtra, India |
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Date of Appointment : |
28.03.2015 |
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DIN No.: |
00364026 |
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Name : |
Asha Arun Ashar |
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Designation : |
Director |
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Address : |
Muktangan, 10th Floor, CTS No. G.592, Sarojini Road, Santacruz (West), Mumbai-400054, Maharashtra, India |
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Date of Appointment : |
28.03.2015 |
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DIN No.: |
00531597 |
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Name : |
Mr. Bhupendrakumar Dahyabhai Dalwadi |
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Designation : |
Director |
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Address : |
Plot No - 408.9, Sardar Patel Society, GIDC Ankleshwar, Bharuch-393002, Gujarat, India |
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Date of Appointment : |
28.03.2015 |
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DIN No.: |
05305875 |
KEY EXECUTIVES
|
Name : |
Srinivas Vishwanatha |
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Designation : |
Company Secretary |
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Address : |
B-Wing, Taj Building, Grand Road, Mumbai 400007, Maharashtra, India |
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Date of Appointment : |
25.03.2015 |
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PAN No.: |
APTPS5115G |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
UPL Limited |
|
1000000 |
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UPL Limited jointly with R D Shroff |
|
1 |
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UPL Limited jointly with Sandra R Shroff |
|
1 |
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UPL Limited jointly with Jai R Shroff |
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1 |
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UPL Limited jointly with Arun C Ashar |
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1 |
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UPL Limited jointly with Mukul B Trivedi |
|
1 |
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UPL Limited jointly with Rajendra B Darak |
|
1 |
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UPL Limited jointly with Kanti M Thacker |
|
1 |
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Total |
|
1000007 |
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Bodies corporate] |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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Products / Services
: |
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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 |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Auditors : |
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Name : |
T.R Chadha and Company Chartered Accountants |
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Address : |
502, Marathan Icon, Veer Santaji Marg, Off Ganpatrao Kadam Marg, Lower Parel , Mumbai-400057, Maharashtra, India |
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PAN No.: |
AAAFT1655Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: [As On 31.03.2016] |
UPL Limited, India [CIN NO.: L24219GJ1985PLC025132] |
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Subsidiary Company: |
Optima Farm Solutions Limited, India [Cin No.: U01403DL2010PLC206625] |
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Enterprises over
which Key Management Personnel and
their relatives have significant influence having transactions during the
year: [As On 31.03.2016] |
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CAPITAL STRUCTURE
As On 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
800000 |
Preference share |
INR 100/- each |
INR 80.000 Million |
|
|
Total |
|
INR 110.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000007 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
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AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
800000 |
Preference share |
INR 100/- each |
INR 80.000 Million |
|
|
Total |
|
INR 110.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000007 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
702000 |
Preference share |
INR 100/- each |
INR 70.200 Million |
|
|
Total |
|
INR 80.200
Million |
FINANCIAL DATA
[all figures are
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 |
80.200 |
80.200 |
80.200 |
|
(b) Reserves &
Surplus |
662.055 |
569.397 |
430.216 |
|
(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) |
742.255 |
649.597 |
510.416 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
270.000 |
270.000 |
270.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
8.490 |
7.506 |
5.676 |
|
Total Non-current
Liabilities (3) |
278.490 |
277.506 |
275.676 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
140.000 |
150.000 |
0.000 |
|
(b) Trade payables |
553.706 |
1505.606 |
620.383 |
|
(c) Other current
liabilities |
1059.533 |
651.700 |
409.985 |
|
(d) Short-term provisions |
2.628 |
0.407 |
0.342 |
|
Total Current Liabilities
(4) |
1755.867 |
2307.713 |
1030.710 |
|
|
|
|
|
|
TOTAL |
2776.612 |
3234.816 |
1816.802 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
7.570 |
7.196 |
7.116 |
|
(ii) Intangible Assets |
1.960 |
2.673 |
3.386 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
24.318 |
333.603 |
333.603 |
|
(c) Deferred tax assets
(net) |
49.446 |
43.153 |
45.059 |
|
(d) Long-term Loan and Advances |
91.189 |
32.197 |
13.047 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
174.483 |
418.822 |
402.211 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1219.901 |
1322.468 |
519.872 |
|
(c) Trade receivables |
1116.440 |
973.335 |
626.718 |
|
(d) Cash and cash
equivalents |
107.721 |
356.498 |
248.906 |
|
(e) Short-term loans and
advances |
148.645 |
159.599 |
18.291 |
|
(f) Other current assets |
9.422 |
4.094 |
0.804 |
|
Total Current Assets |
2602.129 |
2815.994 |
1414.591 |
|
|
|
|
|
|
TOTAL |
2776.612 |
3234.816 |
1816.802 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
5327.355 |
4890.304 |
4140.535 |
|
|
Other Income |
53.064 |
60.619 |
70.325 |
|
|
TOTAL |
5380.419 |
4950.923 |
4210.860 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
265.820 |
318.057 |
315.040 |
|
|
Purchases of
Stock-in-Trade |
4034.264 |
4429.166 |
3053.339 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
103.011 |
(771.094) |
55.893 |
|
|
Employees benefits
expense |
189.329 |
150.181 |
99.619 |
|
|
CSR Expenditure |
4.000 |
7.500 |
0.000 |
|
|
Other expenses |
440.576 |
410.774 |
360.465 |
|
|
TOTAL |
5037.000 |
4544.584 |
3884.356 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
343.419 |
406.339 |
326.504 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
197.968 |
192.262 |
197.530 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
145.451 |
214.077 |
128.974 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
2.159 |
2.159 |
0.887 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
143.292 |
211.918 |
128.087 |
|
|
|
|
|
|
|
Less |
TAX |
50.634 |
72.359 |
40.866 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
92.658 |
139.559 |
87.221 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
569.397 |
430.216 |
342.995 |
|
|
|
|
|
|
|
Add |
Other deductions to reserves |
0.000 |
(0.378) |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
662.055 |
569.397 |
430.216 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
18.051 |
27.140 |
91.065 |
|
|
TOTAL EARNINGS |
18.051 |
27.140 |
91.065 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
92.66 |
139.56 |
87.22 |
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 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
(450.940) |
218.563 |
73.788 |
|
Net cash flows from (used in) operating activities |
(538.500) |
97.378 |
(46.618) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
76.49 |
72.65 |
55.25 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.77 |
5.02 |
6.61 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
47.00 |
115.76 |
67.23 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.28 |
0.31 |
0.63 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
36.04 |
41.17 |
31.09 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.73 |
0.80 |
0.72 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.55 |
0.65 |
0.53 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.37 |
3.55 |
2.02 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.01 |
0.02 |
0.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.73 |
2.11 |
1.65 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
1.74 |
2.85 |
2.11 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.34 |
4.31 |
4.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
12.48 |
21.48 |
17.09 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.48 |
1.22 |
1.37 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.79 |
0.65 |
0.87 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.27 |
0.20 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
5.11 |
5.24 |
3.37 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.48 |
1.22 |
1.37 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
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 |
80.200 |
80.200 |
80.200 |
|
Reserves & Surplus |
430.216 |
569.397 |
662.055 |
|
Net
worth |
510.416 |
649.597 |
742.255 |
|
|
|
|
|
|
Long Term borrowings |
270.000 |
270.000 |
270.000 |
|
Short Term borrowings |
0.000 |
150.000 |
140.000 |
|
Total
borrowings |
270.000 |
420.000 |
410.000 |
|
Debt/Equity
ratio |
0.529 |
0.647 |
0.552 |
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
|
4140.535 |
4890.304 |
5327.355 |
|
|
|
18.108 |
8.937 |
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
|
4140.535 |
4890.304 |
5327.355 |
|
Profit |
87.221 |
139.559 |
92.658 |
|
|
2.11% |
2.85% |
1.74% |
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 |
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 |
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 |
STATE OF THE COMPANY’S
AFFAIRS:
The Company has continued its activities in registering growth of Turnover 9.48% and decline in Profit 33.60% during the current year. The Company looks forward for a better performance that will help Company in building net worth further. The company look forward for opportunities and new markets for products likes “Starthene”, “Panama”, “Patela”, “Starthene power”, “Monostar”, “Pandora” and “SWAL pendi”. Barring unforeseen circumstances, the Directors hope to have good business and returns in future.
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
270.000 |
270.000 |
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
140.000 |
150.000 |
|
Total |
410.000 |
420.000 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G01727338 |
10031066 |
UTI BANK LIMITED |
13/12/2006 |
- |
19/03/2016 |
220000000.0 |
UNIVERSAL INSURANCE BUILDING, SIR P. M. ROAD, FORT, MUMBAI – 400001, MAHARASHTRA, INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
Claims
against company not acknowledged as debt |
92.646 |
83.052 |
FIXED ASSETS:
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.77 |
|
|
1 |
INR 89.20 |
|
Euro |
1 |
INR 78.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
GEET |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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.