|
|
|
MIRA
INFORM REPORT
|
Report No. : |
510552 |
|
Report Date : |
25.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
LG POLYMERS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
R R V Venkatapuram, Visakhapatnam – 530029, Andhra Pradesh |
|
Tel. No.: |
91-891-2520455 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2016 |
|
|
|
|
Date of
Incorporation : |
10.12.1996 |
|
|
|
|
Com. Reg. No.: |
01-025917 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1263.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25203AP1996PTC025917 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
2697000658 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL8528P |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is primarily engaged in the business of manufacturing of polystyrene products. It is also engaged in the trading activity of Styene Monomer. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1996. It is a subsidiary of LG Chemical India Private Limited.
|
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
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
31-03-2018.
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 25.05.2018
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 : |
Mr. Ashok |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-891-2520455 |
|
Date : |
21.05.2018 |
LOCATIONS
|
Registered Office/ Factory : |
R R V Venkatapuram, Visakhapatnam – 530029, Andhra Pradesh, India |
|
Tel. No.: |
91-891-2520455 |
|
Fax No.: |
91-891-2520538 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
15 Acre |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Corporate Office /
Regional Sales Office : |
Delphi,601 & 602,A-Wing, Orchard Avenue, Hiranandani Gardens, Powai, Mumbai - 400076, Maharashtra, India |
|
|
|
|
Branch Office 1 : |
1001 Vikram Tower, 16 Rajendra Place, New Delhi – 110008, India |
|
Tel. No.: |
91-11-25726918/ 25728002/ 25747295 |
|
Fax No.: |
91-11-25755730 |
|
|
|
|
Branch Office 2 : |
3rd Floor, Tower B, DLF Building No. 10, Phase II, DLF Cyber City, Gurugram - 122002, Haryana, India. |
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|
|
|
Regional Sales Offices : |
Also Located at · Gurugram · Chennai · Kolkata · Vijayawada |
DIRECTORS
As on 2018
|
Name: |
Hoonchung Chung |
||||||||||||
|
Designation : |
Managing Director |
||||||||||||
|
Address : |
Flat 1601, 16th Floor, Odyssey-I CHS Limited, Hiranandani Garne NS,
Powai, Mumbai – 400076, Maharashtra, India |
||||||||||||
|
Date of Appointment : |
01.01.2017 |
||||||||||||
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DIN No.: |
07762731 |
||||||||||||
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Other Directorship:
|
|||||||||||||
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|
||||||||||||
|
Name : |
Byungkeun Song |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
501-2006, 30, Seocho-Daero, 74-Gil, Seocho-Gu Seoul Metropolitan 06622
Kr |
||||||||||||
|
Date of Appointment : |
30.06.2016 |
||||||||||||
|
DIN No.: |
07544349 |
||||||||||||
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|
||||||||||||
|
Name : |
Youngmo Jung |
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|
Designation : |
Director |
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|
Address : |
Flat No.701, 7th Floor, Red Creek Apartments, Beach Road,
Visakhapatnam – 530048, Andhra Pradesh, India |
||||||||||||
|
Date of Birth/Age : |
25.121965 |
||||||||||||
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Date of Appointment : |
18.07.2014 |
||||||||||||
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DIN No.: |
06928638 |
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Other Directorship:
|
|||||||||||||
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|
|
||||||||||||
|
Name : |
Mr. Poorna Chandra Mohan Rao Pitchuka |
||||||||||||
|
Designation : |
Additional Director |
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|
Address : |
F-1, Pearl Residency 58-15-117/1, Santi Nagar, Visakhapatnam-530009,
Andhra Pradesh, India |
||||||||||||
|
Date of Appointment : |
03.02.2017 |
||||||||||||
|
DIN No.: |
07761858 |
||||||||||||
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|
||||||||||||
|
Name : |
Chan Sik Chung |
||||||||||||
|
Designation : |
Additional Director |
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|
Address : |
(Ogeum-Dong, Hyundai Apt)#37-902,17, Ogeum-Ro 35-Gil, Songpa-Gu SEOUL
NA KR |
||||||||||||
|
Date of Appointment : |
20.04.2018 |
||||||||||||
|
DIN No.: |
08111654 |
||||||||||||
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Other Directorship:
|
|||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ravinder Reddy Surukanti |
|
Designation : |
Company Secretary |
|
Address : |
# 1-9-639/2/A. Vidya Nagar, Hyderabad – 500044, Telangana, India |
|
Date of Appointment : |
20.08.2016 |
|
PAN No.: |
DDCPS7763E |
MAJOR SHAREHOLDERS
As on 31.12.2016
|
Names of Shareholders |
|
No. of Shares |
|
LG Chemical India Private Limited, India |
|
126330000 |
|
Young Mo Jung |
|
1 |
|
Total |
|
126330001 |
Equity Share Break up (Percentage of Total Equity)
As on 20.06.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
99.99999921 |
|
Public/Other than promoters [Individual/Hindu Undivided Family – Foreign national (other than NRI)] |
0.00000079 |
|
Total |
|
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in the business of manufacturing of polystyrene products. It is also engaged in the trading activity of Styene Monomer. (Registered Activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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||||
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
|
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Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants LLP |
|
Address : |
Plot No.77/A, 8-2-624/A/1, 3rd Floor, Road No.10,
Banjara Hills, Hyderabad – 500034, Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFP3698A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
LG Chemical India Private Limited, India CIN No.: U24290DL1996PTC081742 |
|
|
|
|
Ultimate Holding
company : |
LG Chem Limited, Korea |
CAPITAL STRUCTURE
As on 20.06.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
130000000 |
Equity Shares |
INR 10/- each |
INR 1300.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
126330001 |
Equity Shares |
INR 10/- each |
INR 1263.300 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1263.300 |
1263.300 |
1263.300 |
|
(b) Reserves and Surplus |
2733.257 |
2094.086 |
1784.496 |
|
(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) |
3996.557 |
3357.386 |
3047.796 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
142.307 |
109.884 |
84.265 |
|
Total Non-current
Liabilities (3) |
142.307 |
109.884 |
84.265 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
821.858 |
|
(b) Trade
payables |
472.523 |
853.781 |
428.049 |
|
(c) Other
current liabilities |
182.361 |
110.511 |
140.075 |
|
(d) Short-term
provisions |
46.499 |
10.694 |
16.671 |
|
Total Current
Liabilities (4) |
701.383 |
974.986 |
1406.653 |
|
|
|
|
|
|
TOTAL |
4840.247 |
4442.256 |
4538.714 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
585.481 |
488.944 |
495.859 |
|
(ii) Intangible Assets |
1.624 |
2.480 |
3.996 |
|
(iii) Tangible assets capital work-in-progress |
28.537 |
62.788 |
27.915 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4.020 |
4.020 |
4.020 |
|
(c) Deferred tax assets (net) |
60.771 |
87.854 |
123.820 |
|
(d) Long-term loans and advances |
86.575 |
99.125 |
87.426 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
767.008 |
745.211 |
743.036 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1633.888 |
1999.363 |
2176.589 |
|
(c) Trade receivables |
1176.373 |
1369.311 |
1352.060 |
|
(d) Cash and bank balances |
1224.118 |
156.375 |
136.953 |
|
(e) Short-term loans and advances |
37.899 |
171.996 |
130.076 |
|
(f) Other current assets |
0.961 |
0.000 |
0.000 |
|
Total
Current Assets |
4073.239 |
3697.045 |
3795.678 |
|
|
|
|
|
|
TOTAL |
4840.247 |
4442.256 |
4538.714 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
11907.465 |
11207.030 |
13418.868 |
|
|
Other Income |
202.000 |
221.215 |
68.377 |
|
|
TOTAL |
12109.465 |
11428.245 |
13487.245 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
9690.898 |
9230.779 |
11906.751 |
|
|
Purchases of
Stock-in-Trade |
109.969 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(76.261) |
453.334 |
(156.912) |
|
|
Employee benefit expense |
410.321 |
340.436 |
296.698 |
|
|
CSR expenditure |
1.794 |
0.721 |
0.000 |
|
|
Other expenses |
924.803 |
846.183 |
803.600 |
|
|
TOTAL |
11061.524 |
10871.453 |
12850.137 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1047.941 |
556.792 |
637.108 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
11.612 |
13.758 |
41.381 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1036.329 |
543.034 |
595.727 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
54.875 |
61.813 |
52.507 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
981.454 |
481.221 |
543.220 |
|
|
|
|
|
|
|
Less |
TAX |
342.284 |
165.768 |
189.834 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
639.170 |
315.453 |
353.386 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
5.06 |
2.50 |
2.80 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
1466.840 |
1093.036 |
1021.258 |
|
Net cash flows from (used in) operating activities |
1681.125 |
1204.472 |
814.794 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
36.06 |
44.60 |
36.78 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
10.12 |
8.18 |
9.92 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
17.60 |
33.76 |
13.12 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.64 |
0.28 |
0.29 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.70 |
1.00 |
1.21 |
LEVERAGE RATIOS
|
PARTICULARS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.14 |
0.22 |
0.31 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.27 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.18 |
0.29 |
0.46 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.15 |
0.17 |
0.17 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
90.25 |
40.47 |
15.40 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
5.37 |
2.81 |
2.63 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
13.21 |
7.10 |
7.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
15.99 |
9.40 |
11.59 |
SOLVENCY RATIOS
|
PARTICULARS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
5.81 |
3.79 |
2.70 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
3.48 |
1.74 |
1.15 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.83 |
0.76 |
0.67 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.65 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
5.81 |
3.79 |
2.70 |
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 |
31.12.2014 |
31.12.2015 |
31.12.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
1263.300 |
1263.300 |
1263.300 |
|
Reserves & Surplus |
1784.496 |
2094.086 |
2733.257 |
|
Net
worth |
3047.796 |
3357.386 |
3996.557 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
821.858 |
0.000 |
0.000 |
|
Total
borrowings |
821.858 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.270 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2014 |
31.12.2015 |
31.12.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
13418.868 |
11207.030 |
11907.465 |
|
|
|
(16.483) |
6.250 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2014 |
31.12.2015 |
31.12.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
13418.868 |
11207.030 |
11907.465 |
|
Profit/ (Loss) |
353.386 |
315.453 |
639.170 |
|
2.63
% |
2.81
% |
5.37
% |
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 |
Yes |
|
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 |
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 |
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 |
GENERAL INFORMATION
(As on 31.12.2016)
The Company is a private limited company incorporated under the provisions of the Companies Act, 1956 and is primarily engaged in the business of manufacturing of polystyrene products. It is also engaged in the trading activity of Styene Monomer.
COMPANY’S STATE OF
AFFAIRS AND NATURE OF BUSINESS:
During the year, Profit Before Tax (PBT) witnessed a spectacular growth of 104% due to improvement in margin and higher sale volume. Capacity expansion activity in General Purpose Polystyrene Plant (GPPS) was successfully completed contributing higher GPPS production from April 2017 onwards. Further, certain capacity optimisation measures carried out at High Impact Polystyrene (HIPS) and Expandable Polystyrene (EPS) resulted in higher production at respective Plants during the year. Relatively stable foreign exchange rates resulted in reduction of Net loss on foreign currency transactions and translation from INR 59.000 million in 2015 to INR 30.700 million in 2016. Reduction of Special Additional Duty (SAD) on Styrene Monomer from 4% to 2% with effect from March 01, 2015 contributed to reversal of expense provision recognized (in earlier years) towards accumulated CENVAT balance by INR 99.670 million as against corresponding reversal of INR131.970 million in 2015. The Company is confident of complete utilization of accumulated CENVAT balance in 2017 pursuant to proposed implementation of Goods and Services Tax (GST) which is expected to eliminate imbalances in duty structure. Working capital position of the Company improved further in 2016 contributing interest income of INR 65.450 million in 2016 as against INR 23.980 million in 2015.
The Directors are working for further improvement in sales volume and the operating level of the Plants in 2017.
The Company continues to be a 100% subsidiary of LG Chemical India Private Limited and there is no change in the nature of business.
INDEX OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B60033263 |
10218355 |
Standard Chartered Bank |
07/05/2010 |
24/09/2012 |
- |
1400000000.0 |
CREDIT DOCUMENTATION UNITNARAIN MANZIL, 23 BARAKHAMBA ROADNEW DELHIDL110001IN |
|
2 |
B93117513 |
90119353 |
IDBI Bank Limited |
18/01/2005 |
19/11/2013 |
- |
225000000.0 |
30-15-35, gGround Floor,Saraswathi Park, Dabagardens,VisakhapatnamAP530020IN |
|
3 |
Y10211984 |
90119179 |
ICIC BANK LIMITED |
17/02/2003 |
- |
- |
750000000.0 |
LANDMARK RACE COURSE CIRCLEVADIDARAGJ390007IN |
|
4 |
C05358130 |
90116068 |
The Hongkong and Shanghai Banking Corporation Limited |
10/03/2001 |
17/04/2014 |
- |
1644000000.0 |
6-3-1107 & 1108, Raj Bhavan RoadSomajigudaHYDERABADTG500082IN |
|
5 |
Y10211710 |
90118905 |
ICICI BANK LIMITED |
22/07/1999 |
30/05/2000 |
- |
450000000.0 |
47--14--18; LANER SATYASRI COMPLEXMAIN ROAD ; DWARAKANAGARVISAKHAPATNAMAP530016IN |
|
6 |
Y10208587 |
90115782 |
BANK OF AMERICA NT & SA; |
18/02/1999 |
- |
- |
191250000.0 |
'HANSALAYA' BARAKHAMBA ROADNEW DELHIDL110001IN |
|
7 |
Y10211674 |
90118869 |
BANK OF AMERICA NT & SA; |
18/02/1999 |
31/10/2001 |
- |
191250000.0 |
'HANSALAYA' BARAKHAMBA ROADNEW DELHIDL110001IN |
|
8 |
Y10211624 |
90118819 |
ICICI LIMITED |
16/07/1998 |
30/07/1999 |
- |
100000000.0 |
ICICI TOWERSBANDRA KURLA COMPLEXMUMBAIMH400051IN |
|
9 |
Y10211577 |
90118772 |
ANZ GRINDLAYS BANK |
17/01/1998 |
29/03/2000 |
- |
340000000.0 |
B.BLOCKCONN. PLACENEW DELHIDLIN |
|
10 |
G49192792 |
90258763 |
STANDARAD CHARTERED BANK |
27/11/2001 |
30/01/2006 |
06/07/2017 |
603700000.0 |
PARLIAMENT STREET NEW DELHI INDIA |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.12.2016 (INR
in Million) |
31.12.2015 (INR
in Million) |
|
Excise duty matters under dispute |
72.531 |
72.531 |
|
Service tax matters under dispute |
8.759 |
19.068 |
|
Sales tax matters under dispute |
36.729 |
36.729 |
|
Income tax matters under dispute |
0.000 |
28.723 |
|
Stamp duty disputed by the Company |
56.011 |
56.011 |
|
Claims against the company not acknowledged as debts |
78.513 |
81.616 |
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 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 68.02 |
|
|
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHR |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
JYTK |
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.