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MIRA INFORM REPORT
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Report No. : |
499994 |
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Report Date : |
26.03.2018 |
IDENTIFICATION DETAILS
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Name : |
MOLD-TEK PACKAGING LIMITED |
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Formerly known
as: |
MOLDTEK PLASTICS LIMITED |
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Registered
Office : |
8-2-293/82/A/700, Ground Floor Road No 36, Jubliee Hills,
Hyderabad – 500033, Telangana |
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Tel. No.: |
91-40-40300300 |
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Country : |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
28.02.1997 |
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Com. Reg. No.: |
36-026542 |
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Capital
Investment / Paid-up Capital : |
INR 138.500 Million |
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CIN No.: [Company Identification
No.] |
L21022TG1997PLC026542 |
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IEC 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.] |
Not Available |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
The Company is engaged in the manufacturing of rigid plastic packaging containers through injection molding technology mainly for paints, lubes, and FMCG sectors. (Registered Activity) |
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No. of Employees
: |
467 (Approximately) |
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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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Maximum Credit Limit : |
USD 4100000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1997 having a fine track record. It is engaged as manufacturer of injection moulded decorative packaging containers, mainly pails (cylindrical containers) for paint, lube, food and other products. For the financial year 2017, the company has achieved decent growth in its revenue as compared to its previous year along with fair profit margin during the year. Rating takes into consideration, the strong financial profile of the company characterized by healthy profit margins, low gearing and comfortable capital structure. Rating continue to derive strength from its established track record of its business operations and extensive experience of the promoters along with strong relation with its customers. As per the quarterly results till December 2017, the company has achieved revenue of INR 830 million which has increased by 26.02% as compared to its previous quarter of December 2016. Further the company is listed on BSE at the price quoted at INR 307.15 against its face value of INR 5. However, these rating strengths gets partially offset moderately high working capital intensity; limited pricing flexibility due to competitive pressure. Payments seems to be regular and as per commitment. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Rating = A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
18.09.2017 |
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Rating Agency Name |
ICRA |
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Rating |
Short Term Rating = A1 |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
18.09.2017 |
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 26.03.2018
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 Co-Operative (91-9700358975/949031902/9000755120)
Number is ringing: (91-9849096645)
LOCATIONS
|
Registered Office : |
8-2-293/82/A/700, Ground Floor Road No 36, Jubliee Hills,
Hyderabad – 500033, Telangana, India |
|
Tel. No.: |
91-40-40300300 |
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Fax No.: |
91-40-4030 0328 |
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E-Mail : |
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Website : |
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Factory: |
SY No. 586 to 589 Part Near SGS Ashram, Dundigal (Vil) Quthbullapur Mandal,
District, Ranga Reddy, Hyderabad – 500078, Telangana, India |
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Factory 1: |
Survey No. 54,55/A, 70,71 & 72, Near Air force Academy, Annaram Village, Gummadidala Mandal, Sanga Reddy District, Hyderabad- 502 313, Telangana, India |
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Factory 2: |
Survey No. 164/Part, Dommarapochampally Village, Gandimaisamma Dundigal Mandal, Medchal District, Hyderabad - 500 043, Telangana, India |
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Factory 3: |
Survey No.160-A, 161-1, and 161-5, Kund Falia, Behind Hotel Hilltop, Near Coastal Highway, Bhimpore, Nani Daman, Daman - 396 210, India |
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Factory 4: |
Survey No. 79, Alinagar Village, Chetlapotharam Panchayat, Jinnaram Mandal, Sanga Reddy District, Hyderabad - 502 313, Telangana, India |
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Factory 5: |
Survey No.110/1A1, 110/1A2, Street No.1, Onnalvadi, Hosur, Krishnagiri District, Chennai - 635 125, Tamilnadu, India |
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Factory 6: |
Shed No. D-17 & D-18, Survey No.283, Phase -1, APIIC, IDA Jeedimetla, Quthbullapur Mandal, Medchal District, Hyderabad - 500 055, Telangana, India |
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Factory 7: |
GAT No.656, Khandala - Lonand Road, Mhavashi (Village), Dhawad Wadi, Khandala Satara District, Mumbai - 412 802, Maharashtra |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Lakshmana Rao Janumahanti |
|
Designation : |
Managing Director |
|
Address : |
Plot No 321-K, Road No 26, Jubilee Hills, Hyderabad –
500034, Telangana, India |
|
Date of Appointment : |
27.08.2008 |
|
DIN No.: |
00649702 |
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|
Name : |
Mr. Talupunuri Venkateswara Rao |
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Designation : |
Director |
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Address : |
3-12-2, 3rd Lane Old, Pattabhipuram, Guntur – 522006,
Hyderabad, Telangana, India |
|
Date of Appointment : |
27.08.2008 |
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DIN No.: |
00572657 |
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|
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Name : |
Mr. Subramanyam Adivishnu |
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Designation : |
Wholetime Director |
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Address : |
H.No. 8-2-268/V/20, 20/A Banjara Hills, Hyderabad –
500034, Telangana, India |
|
Date of Appointment : |
27.08.2008 |
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DIN No.: |
00654046 |
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Name : |
Mr. Venkateswara Rao Pattabhi |
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Designation : |
Wholetime Director |
|
Address : |
H.No.7-1-214/4/1, 2 And 3 Dharamkaran Road, Ameerpet,
Hyderabad – 500016, Telangana, India |
|
Date of Appointment : |
27.08.2008 |
|
DIN No.: |
01254851 |
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|
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|
Name : |
Ms. Mytraeyi Janumahanti |
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Designation : |
Director |
|
Address : |
Plot No.321 - K, Road No. 26, Jubilee Hills, Hyderabad –
500034, Telangana, India |
|
Date of Appointment : |
27.08.2008 |
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DIN No.: |
01770112 |
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|
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|
Name : |
Mr. Vasu Prakash Chitturi |
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Designation : |
Director |
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Address : |
D No 9-5-67/5-15, Flat 601, Annapurna Apartments Opposite,
T S R Apartments, Sivajipalem, Visakhapatnam – 530017, Telangana, India |
|
Date of Appointment : |
12.07.2010 |
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DIN No.: |
02196411 |
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|
Name : |
Mr. Venkata Neeladri Varma Nadimpalli |
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Designation : |
Director |
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Address : |
202, Vishnu Towers, 8th Street Jaya Prakash Nagar,
Yellareddyguda, Amee Rpet, Hyderabad – 500016, Telangana, India |
|
Date of Appointment : |
31.10.2009 |
|
DIN No.: |
02861521 |
KEY EXECUTIVES
|
Name : |
Seshu Kumari Adivishnu |
|
Designation : |
CFO(KMP) |
|
Address : |
Hno:8-2-268/V/20/20a Vivekanand Enclave Road-3
Banjarahills, Hyderabad - 500034,
Telangana, India |
|
Date of Appointment : |
01.01.2015 |
|
PAN No.: |
ABQPA4069A |
|
|
|
|
Name : |
Apeksha Pramod Naidu |
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Designation : |
Company Secretary |
|
Address : |
H. No. 81, Jaggnath Ward, Jama Masjid Road, Beside Lok,
Chetna Printing Press, Hingan Ghat, Wardha – 442301, Maharashtra, India |
|
Date of Appointment : |
11.02.2017 |
|
PAN No.: |
AHLPN3044R |
SHAREHOLDING PATTERN
AS ON DECEMBER 2017
|
Category of
shareholder |
No. of fully paid
up equity shares held |
Shareholding as a %
of total no. of shares |
|
|
(A) Promoter & Promoter Group |
99,10,645 |
35.79 |
|
|
(B) Public |
1,77,80,407 |
64.21 |
|
|
Grand Total |
2,76,91,052 |
100.00 |
STATEMENT SHOWING
SHAREHOLDING PATTERN OF THE PROMOTER AND PROMOTER GROUP
|
Category of
shareholder |
No. of fully paid
up equity shares held |
Shareholding as a %
of total no. of shares |
|
|
A1) Indian |
0.00 |
||
|
Individuals/Hindu
undivided Family |
98,80,405 |
35.68 |
|
|
Lakshmana Rao
Janumahanti |
25,55,445 |
9.23 |
|
|
Subrahmanyam Adivishnu |
20,29,124 |
7.33 |
|
|
Sudharani Janumahanti |
16,34,288 |
5.90 |
|
|
Seshukumari Adivishnu |
5,43,000 |
1.96 |
|
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Nandivada Padmavathi |
4,66,190 |
1.68 |
|
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Srinivas Madireddy |
4,37,036 |
1.58 |
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Golukonda Satyavati |
3,15,120 |
1.14 |
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Sai Lakshmi Pattabhi |
2,49,162 |
0.90 |
|
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Adivishnu Lakshmi Mythri |
2,40,000 |
0.87 |
|
|
A Durga Sundeep |
2,36,462 |
0.85 |
|
|
Venkateswara Rao Pattabhi |
2,35,896 |
0.85 |
|
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Bhujanga Rao J |
1,83,834 |
0.66 |
|
|
Rana Pratap J |
1,45,894 |
0.53 |
|
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Sathya Sravya Janumahanti |
1,44,068 |
0.52 |
|
|
Janumahanti Navya Mythri |
1,23,724 |
0.45 |
|
|
Mytraeyi J |
86,700 |
0.31 |
|
|
Nandiwada Vara Prasad |
75,830 |
0.27 |
|
|
Sarada Janumanti |
56,406 |
0.20 |
|
|
Swetha Mythri J |
42,388 |
0.15 |
|
|
Hyma M |
27,690 |
0.10 |
|
|
G Prasanna Kumar |
26,958 |
0.10 |
|
|
Seshupriya Golakonda |
22,316 |
0.08 |
|
|
K V Ramarao |
2,582 |
0.01 |
|
|
P Apparao |
292 |
0.00 |
|
|
Sub Total A1 |
98,80,405 |
35.68 |
|
|
A2) Foreign |
0.00 |
||
|
Individuals (NonResident Individuals/ Foreign Individuals) |
30,240 |
0.11 |
|
|
KOTESHWARA RAO
MADIREDDI |
30,240 |
0.11 |
|
|
Sub Total A2 |
30,240 |
0.11 |
|
|
A=A1+A2 |
99,10,645 |
35.79 |
STATEMENT SHOWING
SHAREHOLDING PATTERN OF THE PUBLIC SHAREHOLDER
|
Category & Name
of the Shareholders |
No. of fully paid
up equity shares held |
Shareholding %
calculated as per SCRR, 1957 As a % of |
|
|
B1) Institutions |
0 |
||
|
Mutual Funds/ |
3576361 |
35,76,361 |
|
|
Dsp Blackrock Micro Cap Fund |
1808643 |
18,08,643 |
|
|
Principal Trustee Cop Private Limited . - Principal Mutual Fund- Principal Emerging Bluechip Fund |
489000 |
4,89,000 |
|
|
Edelweiss Trusteeship Co Limited Ac- Edelweiss Mutual Fund Ac-Edelweiss Elss Fund |
450725 |
4,50,725 |
|
|
HDFC Small Cap Fund |
305131 |
3,05,131 |
|
|
Alternate Investment Funds |
224609 |
2,24,609 |
|
|
Foreign Portfolio Investors |
1790035 |
17,90,035 |
|
|
Kitara India Micro Cap Growth Fund |
900000 |
9,00,000 |
|
|
Passage To India Master Fund Limited |
558954 |
5,58,954 |
|
|
Financial Institutions/ Banks |
44476 |
44,476 |
|
|
Sub Total B1 |
5635481 |
56,35,481 |
|
|
B2) Central Government/ State Government(S)/ President Of India |
0 |
||
|
B3) Non-Institutions |
0 |
||
|
Individual Share
Capital Upto INR 0.200 Million |
6706818 |
67,06,818 |
|
|
Individual Share
Capital In Excess Of INR 0.200 Million |
3319679 |
33,19,679 |
|
|
Madhulika Agarwal |
934314 |
9,34,314 |
|
|
Ashish Kacholia |
860915 |
8,60,915 |
|
|
Any Other (Specify) |
2118429 |
21,18,429 |
|
|
Dinero Wealth Private Limited |
353744 |
3,53,744 |
|
|
Bodies Corporate |
1103935 |
11,03,935 |
|
|
NRI – Non- Repat |
73965 |
73,965 |
|
|
NRI – Repat |
467565 |
4,67,565 |
|
|
DSP Blackrock India Enhanced Equity Fund |
405616 |
4,05,616 |
|
|
Clearing Members |
67348 |
67,348 |
|
|
Trusts |
405616 |
4,05,616 |
|
|
Sub Total B3 |
12144926 |
1,21,44,926 |
|
|
B=B1+B2+B3 |
17780407 |
1,77,80,407 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the manufacturing of rigid plastic packaging containers through injection molding technology mainly for paints, lubes, and FMCG sectors. (Registered Activity) |
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Products / Services
: |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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 : |
467 (Approximately) |
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Bankers : |
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Facilities : |
LONG TERM BORROWINGS Secured loans Term loans from
bank As at the year end, the Company has a total secured term borrowings of INR 4.700 Million lakhs from Citibank. The same have been classified under current liabilities (INR 4.700 Million). Hire purchase
loans The Company has been availing hire purchase loans for vehicles from various financial institutions with a tenor of 36 to 60 instalments. As at the year end, the Company has total hire purchase loans of INR 7.300 Million which have been classified under non-current liabilities (INR 3.800 Million) and current liabilities (INR 3.500 Million). |
|
Statutory Auditors: |
|
|
Name : |
Praturi and Sriram Chartered Accountants |
|
Address : |
3-6-220, Street No.15, Himayatnagar, Hyderabad – 500029, Telangana, India |
|
|
|
|
Internal Auditors: |
|
|
Name : |
GMK Associates Chartered Accountants |
|
Address : |
607, Raghava Ratna Towers, Chirag Ali Lane, Hyderabad – 500001, Telangana, India |
|
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|
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Secretarial
Auditors: |
|
|
Name : |
P. Vijaya Bhaskar and Associates Company Secretaries |
|
Address : |
H. No. 6-3-596/90, Naveen Nagar, Road No.1, Banjara Hills, Hyderabad – 500034, Telangana, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries Company : |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,90,00,000 |
Equity Shares |
INR 5/- each |
INR 145.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,76,91,052 |
Equity Shares |
INR 5/- each |
INR 138.500 Million |
|
|
|
|
|
The reconciliation of
the number of shares outstanding is set out below:
|
Equity Shares |
Number of Shares |
Amount |
|
Shares outstanding at the beginning of the year |
2,76,91,052 |
138.455 |
|
Add: Shares issued on exercise of ESOS |
-- |
-- |
|
Shares outstanding at the end of the year |
2,76,91,052 |
138.455 |
Details of shares held
by shareholders holding more than 5% of the aggregate shares in the Company
|
Name of
Shareholder |
Number
of Shares |
% holding |
|
Lakshmana Rao |
25,55,445 |
9.23 |
|
Subramanyam |
20,29,124 |
7.33 |
|
J. Sudha Rani |
16,30,234 |
5.89 |
|
DSP Blackrock |
15,53,632 |
5.61 |
|
SBI Funds Management Private Limited |
14,40,530 |
5.20 |
MTPL Employee Stock
Option Scheme
In respect of 2,02,000 Options granted against shares of `10 each to employees on 4th June, 2010 under the Employees Stock Option Scheme, in accordance with the guidelines issued by Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, at `26 per option, the discount value (INR 36.95) of Option is accounted as deferred employee compensation, amortized on a straight line basis over the vesting period.
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
138.500 |
138.500 |
138.400 |
|
(b) Reserves &
Surplus |
1301.700 |
1151.300 |
1018.200 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.100 |
|
Total Shareholders’ Funds
(1) + (2) |
1440.200 |
1289.800 |
1156.700 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
47.800 |
66.200 |
109.700 |
|
(b) Deferred tax
liabilities (Net) |
57.700 |
53.600 |
44.200 |
|
(c) Other long term
liabilities |
2.300 |
3.400 |
3.000 |
|
(d) long-term provisions |
22.200 |
17.400 |
13.000 |
|
Total Non-current
Liabilities (3) |
130.000 |
140.600 |
169.900 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
355.300 |
186.100 |
35.400 |
|
(b) Trade payables |
146.600 |
143.300 |
100.100 |
|
(c) Other current
liabilities |
82.300 |
112.000 |
108.800 |
|
(d) Short-term provisions |
265.100 |
166.400 |
122.200 |
|
Total Current Liabilities
(4) |
849.300 |
607.800 |
366.500 |
|
|
|
|
|
|
TOTAL |
2419.500 |
2038.200 |
1693.100 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
904.500 |
806.600 |
713.700 |
|
(ii) Intangible Assets |
2.200 |
2.600 |
27.800 |
|
(iii) Capital
work-in-progress |
62.700 |
85.900 |
1.700 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
131.900 |
35.300 |
31.600 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
103.300 |
42.700 |
36.200 |
|
(e) Other Non-current
assets |
11.600 |
7.400 |
5.200 |
|
Total Non-Current Assets |
1216.200 |
980.500 |
816.200 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
362.500 |
238.800 |
276.500 |
|
(c) Trade receivables |
604.200 |
547.800 |
442.100 |
|
(d) Cash and cash
equivalents |
8.500 |
7.800 |
9.800 |
|
(e) Short-term loans and
advances |
205.100 |
251.900 |
136.300 |
|
(f) Other current assets |
23.000 |
11.400 |
12.200 |
|
Total Current Assets |
1203.300 |
1057.700 |
876.900 |
|
|
|
|
|
|
TOTAL |
2419.500 |
2038.200 |
1693.100 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3083.300 |
2756.700 |
2850.300 |
|
|
Other Income |
18.300 |
7.300 |
8.000 |
|
|
TOTAL |
3101.600 |
2764.000 |
2858.300 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1874.700 |
1644.300 |
1807.000 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(15.800) |
25.400 |
46.700 |
|
|
Employees benefits
expense |
281.300 |
239.700 |
212.600 |
|
|
Selling and distribution |
208.300 |
199.700 |
198.500 |
|
|
prior period |
(1.300) |
2.700 |
(0.500) |
|
|
Other expenses |
227.000 |
189.600 |
185.800 |
|
|
TOTAL |
2574.200 |
2301.400 |
2450.100 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
527.400 |
462.600 |
408.200 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
18.000 |
9.800 |
72.500 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
509.400 |
452.800 |
335.700 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
99.200 |
85.000 |
82.300 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
410.200 |
367.800 |
253.400 |
|
|
|
|
|
|
|
Less |
TAX |
140.300 |
126.800 |
84.700 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
269.900 |
241.000 |
168.700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
40.500 |
36.200 |
34.200 |
|
|
Dividend |
99.700 |
90.000 |
55.400 |
|
|
Tax on Dividend |
20.300 |
18.300 |
11.100 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
356.400 |
247.000 |
150.500 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
32.600 |
42.300 |
53.000 |
|
|
TOTAL EARNINGS |
32.600 |
42.300 |
53.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
9.800 |
4.900 |
6.100 |
|
|
Components and Stores
parts |
52.200 |
17.200 |
17.900 |
|
|
TOTAL IMPORTS |
62.000 |
22.100 |
24.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
9.75 |
8.7 |
7.2 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
8.200 |
40.600 |
38.700 |
|
Cash generated from operations |
431.700 |
379.200 |
NA |
|
Net cash flow from (used in) operations |
158.800 |
136.200 |
NA |
QUARTERLY
RESULTS
|
Particulars |
30.06.2017 (Unaudited) |
30.09.2017 (Unaudited) |
31.12.2017 (Unaudited) |
|
|
1st
Quarter |
2st
Quarter |
3st
Quarter |
|
Net sales |
990.820 |
771.530 |
829.950 |
|
Total Expenditure |
827.630 |
626.050 |
675.110 |
|
PBIDT (Excluding Other Income) |
163.190 |
145.480 |
154.840 |
|
Other income |
3.480 |
2.330 |
3.850 |
|
Operating Profit |
166.670 |
147.810 |
158.690 |
|
Interest |
9.200 |
7.780 |
10.260 |
|
Exceptional Items |
NA |
NA |
NA |
|
PBDT |
157.470 |
140.030 |
148.430 |
|
Depreciation |
27.190 |
28.870 |
30.650 |
|
Profit Before Tax |
130.280 |
111.160 |
117.790 |
|
Tax |
49.810 |
29.610 |
40.330 |
|
Provisions and
contingencies |
NA |
NA |
NA |
|
Profit after tax |
80.450 |
81.550 |
77.460 |
|
Extraordinary Items |
NA |
NA |
NA |
|
Prior Period Expenses |
NA |
NA |
NA |
|
Other Adjustments |
NA |
NA |
NA |
|
Net Profit |
80.450 |
81.550 |
77.460 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
71.52 |
72.53 |
56.61 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.10 |
5.03 |
6.45 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
28.54 |
31.81 |
20.22 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.45 |
1.94 |
1.48 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.54 |
0.52 |
0.55 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.37 |
0.35 |
0.30 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.29 |
0.23 |
0.16 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.59 |
0.47 |
0.32 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.67 |
0.69 |
0.64 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
29.30 |
47.20 |
5.63 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
8.75 |
8.74 |
5.92 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.16 |
11.82 |
9.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
18.74 |
18.69 |
14.58 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.42 |
1.74 |
2.39 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.99 |
1.35 |
1.64 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.60 |
0.63 |
0.68 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.97 |
2.11 |
1.33 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.42 |
1.74 |
2.39 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 5/- |
|
Market Value |
INR 307.15/- |
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
138.400 |
138.500 |
138.500 |
|
Reserves & Surplus |
1018.200 |
1151.300 |
1301.700 |
|
Share Application money
pending allotment |
0.100 |
0.000 |
0.000 |
|
Net worth |
1156.700 |
1289.800 |
1440.200 |
|
|
|
|
|
|
long-term borrowings |
109.700 |
66.200 |
47.800 |
|
Short term borrowings |
35.400 |
186.100 |
355.300 |
|
Current Maturities of
Long term debt |
38.700 |
40.600 |
8.200 |
|
Total borrowings |
183.800 |
292.900 |
411.300 |
|
Debt/Equity ratio |
0.159 |
0.227 |
0.286 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
2850.300 |
2756.700 |
3083.300 |
|
|
|
(3.284) |
11.847 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
2850.300 |
2756.700 |
3083.300 |
|
Profit/(Loss) |
168.700 |
241.000 |
269.900 |
|
|
5.92% |
8.74% |
8.75% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
138.500 |
138.500 |
|
(b) Reserves &
Surplus |
|
1271.100 |
1149.200 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
1409.600 |
1287.700 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
134.700 |
66.200 |
|
(b) Deferred tax
liabilities (Net) |
|
57.700 |
53.600 |
|
(c) Other long term
liabilities |
|
2.300 |
3.400 |
|
(d) long-term provisions |
|
22.200 |
17.400 |
|
Total Non-current
Liabilities (3) |
|
216.900 |
140.600 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
387.500 |
186.100 |
|
(b) Trade payables |
|
146.900 |
143.300 |
|
(c) Other current
liabilities |
|
93.400 |
112.000 |
|
(d) Short-term provisions |
|
265.100 |
166.400 |
|
Total Current Liabilities
(4) |
|
892.900 |
607.800 |
|
|
|
|
|
|
TOTAL |
|
2519.400 |
2036.100 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1082.000 |
806.600 |
|
(ii) Intangible Assets |
|
2.200 |
2.600 |
|
(iii) Capital
work-in-progress |
|
62.800 |
85.900 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
31.600 |
31.600 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
105.500 |
113.600 |
|
(e) Other Non-current
assets |
|
11.600 |
11.900 |
|
Total Non-Current Assets |
|
1295.700 |
1052.200 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
367.100 |
238.800 |
|
(c) Trade receivables |
|
612.100 |
547.800 |
|
(d) Cash and cash
equivalents |
|
8.500 |
10.000 |
|
(e) Short-term loans and
advances |
|
213.000 |
175.900 |
|
(f) Other current assets |
|
23.000 |
11.400 |
|
Total Current Assets |
|
1223.700 |
983.900 |
|
|
|
|
|
|
TOTAL |
|
2519.400 |
2036.100 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
3089.100 |
2756.700 |
|
|
Other Income |
|
10.200 |
7.300 |
|
|
TOTAL |
|
3099.300 |
2764.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1879.600 |
1644.300 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(17.200) |
25.400 |
|
|
Employees benefits
expense |
|
288.400 |
239.700 |
|
|
Selling and distribution |
|
208.600 |
199.700 |
|
|
preliminary expense |
|
1.600 |
0.000 |
|
|
prior period |
|
(1.300) |
2.700 |
|
|
Other expenses |
|
234.200 |
189.600 |
|
|
TOTAL |
|
2593.900 |
2301.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
505.400 |
462.600 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
19.300 |
9.800 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
486.100 |
452.800 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
103.100 |
85.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
383.000 |
367.800 |
|
|
|
|
|
|
|
Less |
TAX |
|
140.300 |
126.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
242.700 |
241.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
8.77 |
8.7 |
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last 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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BUSINESS SEGMENTS
OVERVIEW
The Company is engaged in the manufacturing of rigid plastic packaging containers through injection molding technology mainly for paints, lubes, and FMCG sectors.
PERFORMANCE REVIEW
The Company has shown a healthy performance at standalone level in terms of revenue, EBIDTA & PAT. The Company has achieved a total revenue of INR 3453.600 Million from INR 3087.100 Million in the previous year with a growth rate of 12%. The operating profit (EBIDTA) increased by 14%, from INR 462.600 Million to INR 527.400 Million, overall resulting into sharp increase in net profits by 12% amounting to INR 269.900 Million as against the profit of INR 241.000 Million for financial year 2015-16. The EPS on They heighted average equity has increased from INR 0.870 in the financial year 2015-16 to INR 0.975 in the financial year 2016-17, leading to an increase of 12%.
FUTURE OUTLOOK
While demonetization impacted sales in second half of the financial year, introduction of GST on 1st July made a major impact on business segments, these changes are necessary for the economy and the entire country is now under a uniform tax code. Ho They change also brought in uncertainty and disruption in supply chain resulting in a dampening effect on demand in June and July 2017. as The Company is now establishing its growth plans in new business segments like food & FMCG & new geographies like the Middle East, the future outlook is bright though the first half of the current financial year may get partly impacted by GST.
OUTLOOK
The performance in the recent years of The Company's business has been satisfying even in the midst of demonetization. The strategy for growth is clear. The new product range has immense potential for The Company to sustain a profitable growth across all the units. The Company has been rapidly re-shaping its processes and aligning its people to this vision and mission of creating long-term shareholder value. Even more exciting is the long term growth opportunity presented by the food and FMCG industry and IML robotic technology. In addition, opportunities to set up 2 plants for Asian Paints are ensuring high growth for the Company for next few years. With its large scale presence, innovations capability and motivated human capital, The Company is They ll set to delight all its stakeholders.
MANAGEMENT
DISCUSSION AND ANALYSIS
OVERVIEW
The financial statements have been prepared in compliance with the requirements of the Companies Act, 2013 and Generally Accepted Accounting Principles (GAAP) in India. The management accepts responsibility for the integrity and objectivity of these financial statements as They ll as for various estimates and judgments used therein. These estimates and judgments relating to the financial statements have been made on a prudent and reasonable basis, in order that the statements reflect, in a true and fair manner, the state of affairs and profits for the year. This report may also contain certain statements that the Company believes are or may be considered to be ‘forward looking statements’ which are subject to certain risks and uncertainties.
GLOBAL ECONOMY
The global economy remains trapped in a prolonged period of slow economic growth and dwindling international trade growth. In 2016, the world economy expanded by just 2.2%, the sloTheyst rate of growth since the Great Recession of 2009. Underpinning the sluggish global economy are the feeble pace of global investment, dwindling world trade growth, flagging productivity growth and high levels of debt. Low commodity prices have exacerbated these factors in many commodity-exporting countries since mid-2014, while conflict and geopolitical tensions continue to Theyigh on economic prospects in several regions. World gross product is forecast to expand by 2.7% in 2017 and 2.9% in 2018, with this modest recovery more an indication of economic stabilization than a signal of a robust and sustained revival of global demand. The slight increase in gross domestic product (GDP) growth projected for developed economies in 2017 is largely driven by the end of the destocking cycle in the United States of America and additional policy support in Japan. Dwindling world trade growth is both a contributing factor and a symptom of the global economic slowdown. World trade volumes expanded by just 1.2% in 2016, the third loTheyst rate in the past 30 years. The ratio of world trade growth to world gross product growth has declined significantly since the 1990s. While global import penetration is expected to exhibit a modest recovery, world trade growth is unlikely to outpace world gross product significantly in the coming years. World trade is projected to expand by 2.7% in 2017 and 3.3% in 2018.
INDIAN ECONOMY
The Economic Survey of 2014-15 spoke about they spot for the Indian economy that could launch India onto a trajectory of sustained growth of 8-10%. Last year's Survey assessed that ‘for now, but not indefinitely, that spot is still beckoningly there.’ This year's stocktaking suggests that shifts in the underlying vision will be needed to overcome the major challenges ahead, thereby accelerating growth, expanding employment opportunities, and achieving social justice. In the aftermath of demonetization, and because cyclical developments will make economic management harder, articulating and embracing those shifts will be critical to ensuring that that sTheyet spot is enduring not evanescent. This year has been marked by several historic economic policy developments. On the domestic side, a constitutional amendment paved the way for the long-awaited and transformational goods and services tax (GST) while demonetization of the large currency notes signaled a regime shift to punitively raise the costs of illicit activities. On the international front, Brexit and the US elections may herald a tectonic shift, forebodingly laden with darker possibilities for the global, and even the
The GST will create a common Indian market, improve tax compliance and governance, and boost investment and growth; it is also a bold new experiment in the governance of India's cooperative federalism. Further tax reforms, including bringing land and real estate into the GST, reducing tax rates and stamp duties; and acting to allay anxieties about over-zealous tax administration. A radical governance-cum-social engineering measure was enacted on November 8, 2016. The two largest denomination notes, INR 500 and INR 1000, together comprising 86% of all the cash in circulation They ‘demonetized’ with immediate effect, ceasing to be legal tender except for a few specified purposes. These notes They to be deposited in the banks by December 30, while restrictions They placed on cash withdrawals. In other words, restrictions They placed on the convertibility of domestic money and bank deposits. Demonetization was aimed at signaling a regime change, emphasizing the government's determination to penalize illicit activities and the associated Theyalth. In effect, the tax on illicit activities as Theyll as on legal activities that They not disclosed to the tax authorities was sought to be permanently and punitively increased.
UNSECURED LOAN:
|
PARTICULARS |
31.03.2017 INR
In Million |
31.03.2016 INR
In Million |
|
LONG TERM
BORROWINGS |
|
|
|
Sales tax deferment |
44.000 |
56.700 |
|
Total |
44.000 |
56.700 |
STANDALONE UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST
DECEMBER 2017
(INR In Million)
|
Particulars |
Quarter ended |
Nine Month ended |
|
|
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|
|
Unaudited |
||
|
INCOME FROM OPERATIONS |
|
|
|
|
Net Sales |
829.951 |
771.525 |
2597.696 |
|
Other Operating Income |
3.847 |
2.583 |
10.361 |
|
Total
Income from Operations |
833.798 |
774.108 |
2608.057 |
|
|
|
|
|
|
EXPENSES |
|
|
|
|
Cost of materials consumed |
500.539 |
440.383 |
1479.481 |
|
Changes in inventories of finished goods and
work-in-progress |
(5.998) |
13.759 |
(13.364) |
|
Excise Duty |
-- |
1.954 |
108.330 |
|
Employee benefits expense |
86.685 |
82.915 |
251.948 |
|
Finance Costs |
10.256 |
8.028 |
27.931 |
|
Depreciation and Amortization expenses |
30.649 |
28.868 |
86.710 |
|
Other Expenditure |
93.878 |
87.041 |
307.790 |
|
Total
Expenses |
716.009 |
662.948 |
2248.826 |
|
Profit/(Loss)
from Exceptional items |
117.789 |
111.160 |
359.231 |
|
Exceptional items |
-- |
-- |
-- |
|
Profit / (Loss) before Tax |
117.789 |
111.160 |
359.231 |
|
Tax Expense |
77.463 |
81.550 |
239.465 |
|
|
|
|
|
|
Other
compressive income |
|
|
|
|
Actual loss |
(0.293) |
(0.293) |
(0.880) |
|
Fair value |
55.681 |
1.482 |
52.082 |
|
Total
other compressive income |
132.851 |
82.739 |
290.667 |
|
Paid-up Equity Share Capital (Face value INR 5/- per
share) |
138.455 |
138.455 |
138.455 |
|
Reserves (excluding Revaluation Reserve) |
|
|
|
|
Earnings per Share (EPS) - INR |
2.80 |
2.95 |
8.65 |
NOTES:
The above results have been reviewed and recommended for adoption by the Audit Committee, and taken on record by the Board of Directors at their meeting held on 5th February, 2018.
According to the requirements of SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, revenue for the quarter ended
31st December, 2016 was reported inclusive of excise duty. Goods and Service
Tax ("GST') has been implemented with effect from 1st July, 2017 which
replaces Excise Duty and other input taxes. As per Ind AS 18, the revenue for
the quarter ended 31st December, 2017 is reported net of GST.
The Indian Accounting Standards (Ind
AS), as notified under the Companies (Indian Accounting Standards) Rules, 2015,
prescribed under section 133 of the Companies Act, 2013 are applicable to the
Company for the periods commencing on or after April 01, 2017. The results for
the quarter and Nine Months ended December 31, 2018 are as per the notified Ind
AS. The Company has for the first time adopted Ind AS with transition date of
April 1, 2016.
Pursuant to the SEBI circular CIR/CFD/FAC/62/2016 dated July 05, 2016, the
published figures have been recast to Ind AS to the extent applicable to the
Company and have been prepared in accordance with the Companies (Indian
Accounting Standards) Rules, 2015.
Reconciliation between the profits as reported earlier and the Ind AS recast
profits for the quarter and Nine months ended December 31, 2016.For table,
kindly refer Corporate Announcements on www.bseindia.com.
The financial results and other financial information for the quarter and Nine
Months ended December 31, 2016 and for the year ended March 31, 2017 have been
compiled by the management as per Ind AS, after exercising necessary due
diligence, to ensure that the financial results provide true and fair view of
the results in accordance with Ind AS, This information has not been subjected
to limited review and audit.
The Statutory auditors of the Company have conducted limited review of the
above results as required under the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
The Company has only one Operating Segment as per the requirements of Ind AS
108 'Operating Segments'.
Previous Year/ Period figures have been regrouped and recast, wherever necessary, to conform to the current period classification.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G72399231 |
100050664 |
CITI BANK N.A. |
28/07/2016 |
05/09/2017 |
- |
200000000.0 |
1ST FLOOR,QUEENS PLAZA, SARDAR PATEL ROADHYDERABADTG500003IN |
|
2 |
C62373311 |
10587507 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
07/08/2015 |
- |
- |
1000000.0 |
6-3-1107 & 1108, RAJ BHAVAN ROADSOMAJI GUDAHYDERABADTG500082IN |
|
3 |
G51727980 |
10531520 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
19/11/2014 |
29/08/2017 |
- |
300000000.0 |
6-3-1107 & 1108, RAJ BHAVAN ROADSOMAJIGUDAHYDERABADTG500082IN |
|
4 |
G69948172 |
10427455 |
YES BANK LIMITED |
30/03/2013 |
13/09/2017 |
- |
100000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLIMUMBAIMH400018IN |
|
5 |
B59456830 |
10379928 |
CITIBANK N.A |
06/10/2012 |
- |
- |
150000000.0 |
1ST FLOOR, QUEENS PLAZAS.P. ROADSECUNDERABADAP500003IN |
|
6 |
C46754727 |
10353414 |
CITI BANK N.A. |
19/04/2012 |
05/06/2014 |
- |
150000000.0 |
506-507, LEVEL -5, PRESTIGE MERIDIAN -2,NO. 30 M. G. ROAD,BANGALOREKA560001IN |
|
7 |
C21983606 |
10214855 |
CITI BANK N.A. |
23/04/2010 |
04/06/2014 |
- |
250000000.0 |
506-507, LEVEL 5, NO.30, M.G.ROAD,PRESTIGE MERIDIAN -2,BANGALOREKA560001IN |
|
8 |
C06843189 |
10168956 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
31/07/2009 |
04/06/2014 |
- |
186400000.0 |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHINAVI MUMBAIMH400703IN |
|
9 |
C59945154 |
10422488 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
18/04/2013 |
04/06/2014 |
24/07/2015 |
60000000.0 |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHINAVI MUMBAIMH400703IN |
|
10 |
A22297550 |
90129720 |
STATE BANK OF BIKANER AND JAIPUR |
30/07/1999 |
- |
18/08/2007 |
1000000.0 |
PUNJAGUTTA BRANCHHYDERABADAPIN |
FIXED ASSETS:
- Land
- Building
- Leasehold improvements
- Plant and machinery
- Moulds
- Electrical installations
- Works equipment
- Office equipment
- Computers
- Vehicles
- Furniture and fixures
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 65.13 |
|
|
1 |
INR 91.95 |
|
Euro |
1 |
INR 80.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NKTS |
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 |
YES |
|
--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.