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%20PRIVATE%20LIMITED%20-%20510759%2024-May-2018_files/image002.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20510759%2024-May-2018_files/image004.jpg)
%20PRIVATE%20LIMITED%20-%20510759%2024-May-2018_files/image006.gif)
MIRA
INFORM REPORT
|
Report No. : |
510759 |
|
Report Date : |
24.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
DECCAN FINE CHEMICALS (INDIA) PRIVATE LIMITED (w.e.f. 23.04.2010) |
|
|
|
|
Formerly Known
As : |
DECCAN
FINE CHEMICALS (INDIA) LIMITED (w.e.f. 11.02.2008) DECCAN
FINE CHEMICALS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8-2-293/82/A/74A, Road No.9 Jubilee Hills, Hyderabad –
500033, Telangana |
|
Mob. No.: |
91-9000333746 [Ms. Gayatri] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
24.08.2006 |
|
|
|
|
Com. Reg. No.: |
36-050967 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 468.700 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24117TG2006PTC050967 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD9205D |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturing
of Agro Chemicals, Active Ingredients and Fine Chemicals. [Registered
Activity] |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 15000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 2006 having
fine track records. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has achieved good profit margin at 17.13% (approx.) The company possesses sound financial profile marked by healthy net
worth base along with comfortable debt level. The company also derives strength from its long established track
record of business operations. Fundamentals of the company are strong and healthy. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular and as per commitments. In view of the 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 (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Long Term Rating = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
March 5, 2018 |
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Short Term Rating = A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
March 5, 2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction)
LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 23.05.2018.
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 BY
|
Name : |
Ms. Gayatri |
|
Designation : |
Purchase Manager |
|
Contact No.: |
91-9000333746 |
|
Date : |
21.05.2018 |
LOCATIONS
|
Registered Office : |
8-2-293/82/A/74A, Road No. 9, Jubilee Hills, Hyderabad – 500033, Telangana, India |
|
Tel. No.: |
91-40-23601035/43459972 |
|
Fax No.: |
91-40-23601071 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Kesavaram, Ventakanagaram Post, Payakaraopeta Mandal, District Visakhapatnam - 531127, Andhra
Pradesh, India |
|
|
|
|
Factory 2 : |
Phase II, EOU Division, Santa Monica Works, Corlim, Goa, India |
|
|
|
|
Other Factory : |
Located At: Gujarat, India |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Gokaraju Satyanarayana |
|
Designation : |
Managing Director |
|
Address : |
Plot No 211, Road No 14, Prashasan Nagar, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India |
|
Date of Birth/Age : |
08.01.1958 |
|
Qualification : |
BE |
|
Date of Appointment : |
03.06.2008 |
|
PAN No.: |
AIYPG7740F |
|
DIN No.: |
00524152 |
|
|
|
|
Name : |
Kanumuri Venkata Lakshmipathi Raju |
|
Designation : |
Director |
|
Address : |
Plot No. 532. 10th Line, P.N. Colony, Srikakulam, 532004,
Telangana, India |
|
Date of Birth/Age : |
04.09.1967 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
24.12.2007 |
|
|
|
|
Name : |
Vamsi Gokaraju |
|
Designation : |
Whole-time Director |
|
Address : |
8-2-293/82/A/1355, Road No. 45, Jubilee Hills Hyderabad – 500033, Andhra Pradesh, India |
|
Date of Birth/Age : |
28.06.1986 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
04.12.2008 |
|
DIN No.: |
02479839 |
|
|
|
|
Name : |
Mr. Robert Nicolas Ernest Durand |
|
Designation : |
Additional director |
|
Address : |
34 Rue De Lectoure, Saint Louis – 68300, France |
|
Date of Birth/Age : |
19.07.1947 |
|
Date of Appointment : |
12.09.2012 |
|
DIN No.: |
06393075 |
|
|
|
|
Name : |
Eisuke Sasaki |
|
Designation : |
Additional Director |
|
Address : |
2-3-9-206, Kita-Machi Kichijyoji, Musashino-Citi Tokyo – 1800001, Japan |
|
Date of Appointment : |
25.07.2017 |
|
DIN No.: |
07819912 |
KEY EXECUTIVES
|
Name : |
Ms. Sangeetha Iyer |
|
Designation : |
Company Secretary |
|
Address : |
D.No.1-4-971, Flat No.103, 1st Floor, Partani Towers, Golconda Cross Roads, Mu Sheeerabad, Hyderabad – 500020, Telangana, India |
|
Date of Appointment : |
30.08.2016 |
|
PAN No.: |
AABPI9840D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
SHAREHOLDING DETAILS FILE ATTACHED.
Equity Share Break up (Percentage of Total Equity)
As on 15.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
41.56 |
|
Public/Other than promoters – (Individual/ Hindu Undivided Family –
Indian) |
11.89 |
|
Public/Other than promoters – Others |
46.55 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20510759%2024-May-2018_files/image008.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
of Agro Chemicals, Active Ingredients and Fine Chemicals. [Registered
Activity] |
||||
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||||
|
Products : |
|
||||
|
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|
||||
|
Brand Names : |
Not Divulged |
||||
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||||
|
Agencies Held : |
Not Divulged |
||||
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|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
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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 : |
|
|
Auditors : |
|
|
Name : |
Saranga Pani and Company Chartered Accountants |
|
Address : |
1-1-719, Gandhi Nagar, Hyderabad - 500080, Telangana,
India |
|
Income-tax PAN
of auditor or auditor's firm : |
ABZPC2635H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
65000000 |
Equity Shares |
INR 10/- each |
INR 650.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46870000 |
Equity Shares |
INR 10/- each |
INR 468.700 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
468.700 |
468.700 |
468.700 |
|
(b) Reserves and Surplus |
4850.070 |
2727.414 |
1563.582 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
5318.770 |
3196.114 |
2032.282 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3631.547 |
998.496 |
1486.772 |
|
(b) Deferred tax liabilities (Net) |
567.607 |
413.536 |
341.909 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
4199.154 |
1412.032 |
1828.681 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
2027.210 |
1304.737 |
920.976 |
|
(b) Trade
payables |
2679.461 |
2328.353 |
2818.596 |
|
(c) Other
current liabilities |
1235.433 |
905.575 |
611.197 |
|
(d) Short-term
provisions |
1150.426 |
512.441 |
303.225 |
|
Total Current
Liabilities (4) |
7092.530 |
5051.106 |
4653.994 |
|
|
|
|
|
|
TOTAL |
16610.454 |
9659.252 |
8514.957 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
8985.384 |
5021.988 |
4343.298 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
1270.989 |
724.672 |
321.512 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.824 |
2.824 |
2.824 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
10259.197 |
5749.484 |
4667.634 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2339.324 |
1363.230 |
1606.384 |
|
(c) Trade
receivables |
2229.187 |
1330.703 |
1739.862 |
|
(d) Cash and
bank balances |
410.498 |
394.675 |
85.754 |
|
(e)
Short-term loans and advances |
834.114 |
470.508 |
404.849 |
|
(f) Other
current assets |
538.134 |
350.652 |
10.474 |
|
Total
Current Assets |
6351.257 |
3909.768 |
3847.323 |
|
|
|
|
|
|
TOTAL |
16610.454 |
9659.252 |
8514.957 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
13705.044 |
9851.207 |
8090.480 |
|
|
Other Income |
30.262 |
125.051 |
102.899 |
|
|
TOTAL |
13735.306 |
9976.258 |
8193.379 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
7270.908 |
5487.168 |
4905.150 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(564.675) |
(246.125) |
(182.281) |
|
|
Employee benefit expense |
945.848 |
491.512 |
444.288 |
|
|
CSR expenditure |
18.433 |
4.534 |
0.000 |
|
|
Other expenses |
1742.398 |
1068.958 |
918.959 |
|
|
Exceptional items before tax |
(278.532) |
742.091 |
0.000 |
|
|
TOTAL |
9134.380 |
7548.138 |
6086.116 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
4600.926 |
2428.120 |
2107.263 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
129.095 |
95.723 |
179.427 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
4471.831 |
2332.397 |
1927.836 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
979.246 |
600.420 |
467.042 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3492.585 |
1731.977 |
1460.794 |
|
|
|
|
|
|
|
Less |
TAX |
1144.282 |
458.143 |
389.349 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
2348.303 |
1273.834 |
1071.445 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
50.102 |
27.178 |
22.860 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
2819.684 |
2450.106 |
1342.024 |
|
Net cash flows from (used in) operating activities |
2252.543 |
2264.599 |
975.935 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days [Sundry Debtors
/ Income * 365] |
|
59.37 |
49.30 |
78.49 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
6.15 |
7.40 |
4.65 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
134.51 |
154.88 |
209.74 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
1.97 |
1.78 |
1.31 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.45 |
0.42 |
0.45 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio
[(Borrowing + Current Liabilities) / Total Assets] |
|
0.65 |
0.63 |
0.72 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
1.06 |
0.72 |
1.18 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
1.33 |
1.58 |
2.29 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
1.93 |
1.80 |
2.30 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
35.64 |
25.37 |
11.74 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
17.13 |
12.93 |
13.24 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
14.14 |
13.19 |
12.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
44.15 |
39.86 |
52.72 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio
[Current Assets / Current Liabilities] |
|
0.90 |
0.77 |
0.83 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.57 |
0.50 |
0.48 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.32 |
0.33 |
0.24 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
12.07 |
4.91 |
5.14 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
0.90 |
0.77 |
0.83 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
468.700 |
468.700 |
468.700 |
|
Reserves & Surplus |
1563.582 |
2727.414 |
4850.070 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2032.282 |
3196.114 |
5318.770 |
|
|
|
|
|
|
Long-term borrowings |
1486.772 |
998.496 |
3631.547 |
|
Short term borrowings |
920.976 |
1304.737 |
2027.210 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
2407.748 |
2303.233 |
5658.757 |
|
Debt/Equity
ratio |
1.185 |
0.721 |
1.064 |
%20PRIVATE%20LIMITED%20-%20510759%2024-May-2018_files/image010.gif)
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 |
8090.480 |
9851.207 |
13705.044 |
|
|
0.000 |
21.763 |
39.120 |
%20PRIVATE%20LIMITED%20-%20510759%2024-May-2018_files/image012.gif)
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 |
8090.480 |
9851.207 |
13705.044 |
|
Profit/ (Loss) |
1071.445 |
1273.834 |
2348.303 |
|
|
13.24
% |
12.93
% |
17.13
% |
%20PRIVATE%20LIMITED%20-%20510759%2024-May-2018_files/image014.gif)
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 |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
OPERATIONS:
During the current financial year, the company produced a total of 11,925 MT of Products at its various manufacturing facilities as compared to 8,698 MT during the previous financial year. In June 2016, the company concluded a “slump sale” transaction with Syngenta India Limited that resulted in the acquisition of Syngenta’s Agrochemical manufacturing plant located in Goa. This acquisition has expanded Deccan’s product portfolio and also enabled us to increase our technology and engineering resources and staffing. The company has continued to make significant capital investments at all of its manufacturing facilities in order to both grow our business and also to ensure that our manufacturing facilities meet high global standards of Health, Safety and Environment,
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans repayable on demand from banks |
158.186 |
327.031 |
|
|
|
|
|
Total |
158.186 |
327.031 |
INDEX OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G57716094 |
100128928 |
Kotak Mahindra Bank Limited |
03/10/2017 |
- |
- |
150000000.0 |
27, BKC, C 27, G Block, Bandra Kurla ComplexBandra EastMumbaiMH400051IN |
|
2 |
G53242350 |
100122273 |
Kotak Mahindra Bank Limited |
29/08/2017 |
- |
- |
100000000.0 |
27, BKC, C 27, G Block, Bandra Kurla ComplexBandra EastMumbaiMH400051IN |
|
3 |
G82444647 |
100092008 |
SBICAP TRUSTEE COMPANY LIMITED |
30/03/2017 |
16/03/2018 |
- |
9419900000.0 |
202,Maker Tower E,Cuffe Parade,MUMBAIMH400005IN |
|
4 |
G43824283 |
100097314 |
The Federal Bank |
22/03/2017 |
- |
- |
300000000.0 |
6-2-981, Maruthi PlazaKhairatabadHyderabadTG500004IN |
|
5 |
G43701424 |
100096946 |
The Federal Bank Limited |
21/02/2017 |
- |
- |
65000000.0 |
6-2-981, Maruthi PlazaKhairatabadHyderabadTG500004IN |
|
6 |
G34194605 |
100073972 |
Canara Bank |
30/12/2016 |
- |
- |
347500000.0 |
54-10-10-1/6, Overseas Bank BranchResapuvanipalemVishakapatnamAP530020IN |
|
7 |
G28549582 |
100064097 |
BANK OF BAHRAIN & KUWAIT B.S.C |
25/11/2016 |
- |
- |
512868750.0 |
43, Government Avenue,P O Box 597,ManamaNA597BH |
|
8 |
G79646352 |
100040077 |
INDUSIND BANK LIMITED |
29/06/2016 |
19/02/2018 |
- |
640000000.0 |
100, Laxmi,S P RaodSecunderabadTG500003IN |
|
9 |
G06696348 |
100036496 |
Kotak Mahindra Bank Limited |
03/05/2016 |
- |
- |
500000000.0 |
27, BKC, C 27, G Block, Bandra Kurla ComplexBandra EastMumbaiMH400051IN |
|
10 |
C57129306 |
10576311 |
Bank of Bahrain and Kuwait BSC |
11/06/2015 |
- |
- |
330000000.0 |
6-3-550, L B BhawanAkashganga, Somajiguda, HyderabadHyderabadTG500082IN |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Factory equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment
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 68.21 |
|
UK Pound |
1 |
INR 91.43 |
|
Euro |
1 |
INR 80.24 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
NO |
|
--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.