MIRA
INFORM REPORT
|
Report Date : |
21.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
TECHSER POWER SOLUTIONS PRIVATE LIMITED |
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Registered
Office : |
No.42, Ramachandrapura, Jahahalli, |
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Country : |
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Financials (as
on) : |
31.03.2009 |
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Date of
Incorporation : |
11.03.1999 |
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Com. Reg. No.: |
08-024893 |
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CIN No.: [Company Identification
No.] |
U24971KA1999PTC024893 |
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|
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TAN No.: [Tax Deduction & Collection
Account No.] |
BLRT01660B |
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|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 255000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to be
usually correct and as per commitments. The company can be considered normal 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. M. Suresh |
|
Designation : |
Director |
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Contact No.: |
91-9448992432 |
|
Date : |
19.02.2011 |
LOCATIONS
|
Registered Office/ Factory 1 : |
No.42, Ramachandrapura, Jahahalli, |
|
Tel. No.: |
91-80-28384517/
28384854 |
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Mobile No.: |
91-9448992432 (Mr. M. Suresh) |
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Fax No.: |
91-80-28387009 |
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E-Mail : |
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Website : |
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Area : |
3500 sq ft |
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Location : |
Owned |
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Head Office : |
No. 652, III Floor, |
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Tel. No.: |
91-80-23326606/ 23328606 |
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Fax No.: |
91-80-23520408 |
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Factory 2 : |
Also Located at: ·
Parwanoo, Himachal Pradesh |
DIRECTORS
As on 23.09.2009
|
Name : |
Mr. Ganapati V. Sabhahit |
|
Designation : |
Business Development Director |
|
Address : |
58, I Floor, I Main, Vyalikaval, |
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Date of Birth/Age : |
23.11.1960 |
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Qualification : |
D.E.E. |
|
Date of Appointment : |
01.06.2001 |
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DIN No.: |
02114493 |
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Name : |
Mr. Narayan Gajanan Sabhahit |
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Designation : |
Managing Director |
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Address : |
363, Mathrukrupa, |
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Date of Birth/Age : |
11.07.1960 |
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Qualification : |
B.E., PGDM |
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Date of Appointment : |
11.03.1999 |
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DIN No.: |
01992114 |
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Name : |
Mr. Nataraj Ramadeshan Kadathur |
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Designation : |
Executive Director |
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Address : |
315, 7, Main Vijayanagar, |
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Date of Birth/Age : |
12.07.1959 |
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Qualification : |
B.E. |
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Date of Appointment : |
11.03.1999 |
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DIN No.: |
01992048 |
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Name : |
Mr. |
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Designation : |
Technical Director |
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Address : |
1169, The Jaswini I Main, II Block, Vel Layout, Vidyaranyapura, |
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Date of Birth/Age : |
10.10.1960 |
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Qualification : |
B.E. |
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Date of Appointment : |
25.10.1999 |
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DIN No.: |
01992079 |
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Name : |
Mr. Suresh Mahadev |
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Designation : |
Marketing Director |
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Address : |
608, 64th Cross, Rajaji Nagar, |
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Date of Birth/Age : |
12.07.1959 |
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Qualification : |
B.E. |
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Date of Appointment : |
11.03.1999 |
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DIN No.: |
02114433 |
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Name : |
Mr. Ganesh Gajanan Sabhahit |
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Designation : |
Information Technology Director |
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Address : |
361, Mathru Krupa, |
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Date of Birth/Age : |
10.12.1961 |
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Qualification : |
M. Tech |
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Date of Appointment : |
25.10.1999 |
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DIN No.: |
02114471 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.09.2009
|
Names of Shareholders |
|
No. of Shares |
|
Narayan Sabhahit |
|
12446 |
|
K.R. Nataraj |
|
12446 |
|
M. Suresh |
|
12432 |
|
M.S. Harish |
|
12432 |
|
Shantala Sabahit |
|
8460 |
|
Hema Nataraj |
|
8460 |
|
Saritha Suresh |
|
8460 |
|
G.G. Sabahit |
|
12432 |
|
G.V. Sabahit |
|
12432 |
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Total
|
|
100000 |
As on 15.12.2009
|
Names of Allottees |
|
No. of Shares |
|
N.G. Sabhahit |
|
2000 |
|
K.R. Nataraj |
|
2000 |
|
M. Suresh |
|
2000 |
|
G.G. Sabahit |
|
2000 |
|
M.S. Harish |
|
2000 |
|
G.V. Sabahit |
|
2000 |
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Total
|
|
12000 |
As on 23.04.2010
|
Names of Allottees |
|
No. of Shares |
|
Krishnamurthy Hegde |
|
1500 |
|
Satish Kakal |
|
3000 |
|
S.P. Shanbhag |
|
1000 |
|
Saraswathi V. Shasthri |
|
3000 |
|
Arun G. Upadhya |
|
5000 |
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Total
|
|
13500 |
As on 02.08.2010
|
Names of Allottees |
|
No. of Shares |
|
T.G. Upadhya |
|
2000 |
|
Prabhu S. Patil |
|
3000 |
|
Shanthala N. Sabahit |
|
1000 |
|
Hema Nataraj |
|
1000 |
|
Sarita Suresh |
|
1000 |
|
Veena G. Sabhahit |
|
1000 |
|
Manorama G. Sabhahit |
|
2000 |
|
Sona Harish |
|
1000 |
|
Narayani Bhat |
|
1500 |
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Total
|
|
13500 |
As on 23.09.2009
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of |
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Terms : |
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Selling : |
Cash and Credit (30/ 60/ 90 days) |
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Purchasing : |
Cash and Credit (30/ 60/ 90 days) |
PRODUCTION STATUS (AS ON 31.03.2009)
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Particulars |
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2008-09 |
|
Actual Production |
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|
3566 |
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GENERAL INFORMATION
|
Customers : |
End Users and OEM’s ·
Life Insurance Corporation of ·
New · National Insurance · Oriental Insurance · Prudential Insurance · Mahendra Insurance · SBI Life · Axis Bank · ICICI Bank · Federal Bank · Lakshmi Vilas Bank Limited · IDBI Bank · Krishna Bheema Bank Limited · Mannapuram Finances Limited ·
·
·
·
·
·
·
·
·
·
·
·
· Jawaharalal Nehru Technological University ·
Rural ·
D V R ·
Osmania ·
·
P E S ·
National · Jayadeva Institute of Cardiology ·
· Sri Balagangadara Institute of Medical Science ·
A J Hospital and · APTECH · NIIT · ADE · DRDO · LRDE · HAL · NAL |
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No. of Employees : |
300 (Approximately) |
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Bankers : |
State Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Prabhath P. Bhat and Company Chartered Accountants |
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Address : |
# 1, H.N. Layout, Swimming Pool Extension, 11th Cross,
Malleshwaram, |
CAPITAL STRUCTURE
As on 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
125000 |
Equity Shares |
Rs.100/- each |
Rs.12.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000
millions |
|
|
|
|
|
After 23.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
139000 |
Equity Shares |
Rs.100/- each |
Rs.13.900
millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.000 |
10.000 |
9.000 |
|
|
2] Share Application Money |
1.104 |
0.829 |
1.229 |
|
|
3] Reserves & Surplus |
52.766 |
34.484 |
18.349 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
63.870 |
45.313 |
28.578 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
44.766 |
34.218 |
23.580 |
|
|
2] Unsecured Loans |
0.550 |
0.550 |
0.550 |
|
|
TOTAL BORROWING |
45.316 |
34.768 |
24.130 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
109.186 |
80.081 |
52.708 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
7.983 |
7.142 |
5.168 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.021 |
0.021 |
0.021 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
37.224
|
33.600 |
31.898 |
|
|
Sundry Debtors |
122.819
|
89.738 |
28.429 |
|
|
Cash & Bank Balances |
9.912
|
11.752 |
4.882 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans, Advances & Deposits |
7.014
|
7.607 |
6.208 |
|
Total
Current Assets |
176.969
|
142.697 |
71.417 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
64.129 |
61.050 |
15.964 |
|
|
Other Current Liabilities |
4.034
|
2.968 |
4.163 |
|
|
Provisions |
7.624
|
5.761 |
3.773 |
|
Total
Current Liabilities |
75.787
|
69.779 |
23.900 |
|
|
Net Current Assets |
101.182
|
72.918 |
47.517 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.002 |
|
|
|
|
|
|
|
|
TOTAL |
109.186 |
80.081 |
52.708 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
395.545 |
369.232 |
251.804 (including
excise duty) |
|
|
|
Other Income |
20.338 |
12.499 |
NA |
|
|
|
TOTAL (A) |
415.883 |
381.731 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Costs |
313.648 |
305.195 |
NA |
|
|
|
Operating Costs |
49.660 |
35.378 |
NA |
|
|
|
Marketing Costs |
18.069 |
11.556 |
NA |
|
|
|
Preliminary Expenses |
0.000 |
0.003 |
NA |
|
|
|
TOTAL (B) |
381.377 |
352.132 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
34.506 |
29.599 |
NA |
|
|
|
|
|
|
NA |
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.100 |
6.440 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
27.406 |
23.159 |
11.276 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.499 |
1.263 |
0.931 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
25.907 |
21.896 |
10.345 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.624 |
3.761 |
1.973 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
21.283 |
18.135 |
8.372 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
3.269 |
1.848 |
NA |
|
|
|
Proposed Dividends |
3.000 |
2.000 |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
15.014 |
14.287 |
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Earnings |
0.437 |
Nil |
Nil |
|
|
TOTAL EARNINGS |
0.437 |
Nil |
Nil |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
212.83 |
NA |
NA |
|
|
Particulars |
|
|
31.03.2010 (Approximately) |
|
Sales Turnover |
|
|
420.000 |
Expected Sales (2010-2011): Rs.450.000 millions
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
5.12
|
4.75 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.55
|
5.93 |
4.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.01
|
14.61 |
13.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41
|
0.48 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.90
|
2.31 |
1.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.34
|
2.04 |
2.99 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2009 (Rs. in millions) |
31.03.2008 (Rs. in millions) |
31.03.2007 (Rs. in millions) |
|
Sundry Creditors |
64.129 |
61.050 |
15.964 |
|
|
|
|
|
PERFORMANCE:
The company has
been able to achieve path-breaking performance during the period under review, the
credit of which is due to the employees and staff members of their company.
They have
envisaged expansion and diversification plans to establish higher sales and to
emerge as the leaders in the field of UPS.
FORM 8:
|
Corporate
identity number of the company |
U24971KA1999PTC024893 |
|
Name of the
company |
TECHSER POWER SOLUTIONS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No.42, Ramachandrapura, Jahahalli, E-Mail: bangalore@techser.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90192895 |
|
Type of charge |
Immovable Property
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
State Bank of E-Mail: rjr.cs69@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
agreement of loan cum hypothecation SME - 4 and letter of confirmation for extension
of mortgage by deposit of title deeds SME - 8 (both pertain to the same
charge) |
|
Date of
instrument Creating the charge |
25/01/2011 |
|
Amount secured by
the charge |
Rs.130.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: WCL - At 6.50%
above base rate with effective rate 14.50% p.a. at monthly rests. Penal interest:
Max 2% p.a. over the normal rate. Terms of
Repayment: WCL - On demand. Advance
is for a period of 12 months. Margin: RM/SIP/FG/BD :
25%, LC : 25% BG : Up to 18
months - 15% and from 18 months to 36 months - 25% Extent and
Operation of the charge: Exclusive first
charge on the assets of the company and to the full extent. Others: CC (Stocks)
Rs.35.000 millions; CC (Receivables) Rs.35.000 millions; LC Rs.25.000
millions; BG Rs.35.000 millions; Total Rs.130.000 millions. |
|
Short particulars
of the property charged |
Hypothecation of company's
present and future movable fixed assets and current assets like stocks, raw
materials, semi finished and finished goods, book debts, receivables,
outstanding monies, bills, rights, stores, components, furniture and
fittings; other movables, plant and machinery, vehicles and assets to be
purchased out of bank finance. 1) EM of
Immovable property land and building situated at No.42, 2) Property at
site bearing No.26, Sy.No.43/2B, Resurvey No.43/2B, Plots to 12/1, MES Road,
Jalahalli, Yeshwathpur Hobli,
Bangalore. |
|
Date of latest
modification prior to the present modification |
19/04/2010 |
|
Particulars of
the present modification |
The amount
secured by the charge stands increased to Rs.130.000 millions. The securities
described and detailed above continue for the enhanced limit. All other terms
and conditions remain unchanged. |
TRADE REFERENCES:
·
Kerala State Electronics Development Corporation
Limited
·
Mannapuram Finances Limited
·
CONTINGENT LIABILITIES:
·
Contingent Liability by way of Bank Guarantee issued
on behalf of the Company by the Bank/s towards performance, earnest money de
posit and by way of security deposit is Rs.15.255 Millions.
FIXED ASSETS:
·
Plant and Machinery
·
Vehicles
·
Furniture and Fixtures
·
Computer and Printers
·
Generator
·
Extinguisher
·
·
Tools
·
Building
·
Land
·
Technical Know How
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.81 |
|
|
1 |
Rs.73.04 |
|
Euro |
1 |
Rs.61.43 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
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 |
|
TOTAL |
|
47 |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.