MIRA
INFORM REPORT
|
Report Date : |
03.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered
Office : |
A-36, C-24, Phase II, Noida – 201305, |
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|
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|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
28.12.1988 |
|
|
|
|
Com. Reg. No.: |
20-10331 |
|
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|
|
Capital
Investment / Paid-up Capital : |
Rs.19.800 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109UP1988PTC010331 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
ALDE00241D |
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|
PAN No.: [Permanent Account No.] |
AAAFE8552H |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and exporter of Connector Cable Harness, Power Cords and
Switches for Television |
|
|
|
|
No. of Employees
: |
1200 (Approximately) (In Office + In Factory + In Branches) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3670000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having fine track. The company
is doing well. Trade relations are reported as fair. Business is active. Payments
are reported to be 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.
INFORMATION PARTED BY
|
Name : |
Mr. Sanjay Gandhi |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-120-4743303 |
|
Date : |
30.09.2011 |
LOCATIONS
|
Registered Office : |
A-36, C-24, Sector 58, Phase II, Noida – 201301, |
|
Tel. No.: |
91-120-2490828 / 4743303 |
|
Mobile No.: |
91-9910027165 (Mr. Vivek Nagpal) |
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Fax No.: |
91-120-4359538 |
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E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
A-120, Sector-63, Noida - 201305, |
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Tel. No.: |
91-120-2402273 |
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Fax No.: |
91-120-4347180 |
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|
|
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Factory 2 : |
A-98 Sector 63, Noida - 201305, |
|
Tel. No.: |
91-120- 2580437 |
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Fax No.: |
91-120-4347180 |
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|
|
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Factory 3 : |
A-65, Sector-58, Noida, Noida – 201301, |
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Tel No.: |
91-120-2580437 |
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Fax No. : |
91-120-4347180 |
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|
|
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Factory 4 : |
Plot No.29-P1, Hirehalli Industrial Area, Tumkur – 578168, |
|
Tel No.: |
91-120-2580437 |
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Fax No.: |
91-120-4347180 |
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|
|
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Branch 1 : |
A-1, SPL Habitat, |
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|
|
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Overseas Branch 1 : |
C/o Orient Freight International
INC, Gabriel C Industrial Complex, Export Processing Zone |
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Tel. No.: |
+63-46-437 0056 |
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Fax No.: |
+63-46-437 1748 |
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E-Mail : |
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Overseas Branch 2 : |
5-2 Long |
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Tel. No.: |
+886-2-29805575 |
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E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Satyendra Narain Dwivedi |
|
Designation : |
Director |
|
Address : |
A-20, Sector 30, Gautam Budh Nagar, Noida - 20130,1, Uttar Pradesh |
|
Date of Birth/Age : |
14.11.1955 |
|
Date of Appointment : |
28.12.1988 |
|
DIN No.: |
00667842 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U51109UP1988PTC010331 |
ELCOMPONICS
SALES PRIVATE LIMITED |
Managing director |
28-12-88 |
28-12-88 |
- |
Active |
NO |
|
2 |
U74899DL1995PTC073759 |
ELCOMPONICS
TECHNOLOGIES INDIA PRIVATE LIMITED |
Managing
director |
30-09-96 |
30-09-96 |
- |
Active |
NO |
|
3 |
U31104UP2006PTC032489 |
ROMARSH ELCOMPONICS
TECHNOLOGIES PRIVATE LIMITED |
Managing
director |
02-11-06 |
02-11-06 |
- |
Active |
NO |
|
4 |
U28910UP2007PTC033666 |
AMELCO KABEL
PRIVATE LIMITED |
Director |
25-07-07 |
25-07-07 |
- |
Active |
NO |
|
Name : |
Mrs. Manju Lata Dwivedi |
|
Designation : |
Director |
|
Address : |
A-20, Sector 30, Gautam Budh Nagar, Noida - 20130,1, Uttar Pradesh |
|
Date of Birth/Age : |
27.10.1955 |
|
Date of Appointment : |
28.12.1988 |
|
DIN No.: |
00668784 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U51109UP1988PTC010331 |
ELCOMPONICS
SALES PRIVATE LIMITED |
Director |
28-12-88 |
28-12-88 |
- |
Active |
NO |
|
2 |
U74899DL1995PTC073759 |
ELCOMPONICS
TECHNOLOGIES INDIA PRIVATE LIMITED |
Director |
10-11-95 |
10-11-95 |
- |
Active |
NO |
|
3 |
U31104UP2006PTC032489 |
ROMARSH ELCOMPONICS
TECHNOLOGIES PRIVATE LIMITED |
Director |
02-11-06 |
02-11-06 |
10-05-10 |
Active |
NO |
|
4 |
U28910UP2007PTC033666 |
AMELCO KABEL
PRIVATE LIMITED |
Director |
25-07-07 |
25-07-07 |
- |
Active |
NO |
|
Name : |
Mr. Shivendra Narayan Dwivedi |
|
Designation : |
Director |
|
Address : |
A-20, Sector 30, Gautam Budh Nagar, Noida - 20130,1, Uttar Pradesh |
|
Date of Birth/Age : |
25.01.1976 |
|
Date of Appointment : |
17.07.2008 |
|
DIN No.: |
02216494 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U28910UP2007PTC033666 |
AMELCO KABEL
PRIVATE LIMITED |
Director |
22-06-08 |
22-06-08 |
- |
Active |
NO |
|
2 |
U51109UP1988PTC010331 |
ELCOMPONICS
SALES PRIVATE LIMITED |
Director |
17-07-08 |
17-07-08 |
- |
Active |
NO |
|
3 |
U31104UP2006PTC032489 |
ROMARSH
ELCOMPONICS TECHNOLOGIES PRIVATE LIMITED |
Director |
10-05-10 |
10-05-10 |
- |
Active |
NO |
|
Name : |
Mr. Rahul Dwivedi |
|
Designation : |
Director |
|
Address : |
626 – A, Royal Shipra |
|
Date of Birth/Age : |
09.09.1970 |
|
Date of Appointment : |
17.07.2008 |
|
DIN No.: |
02227449 |
KEY EXECUTIVES
|
Name : |
Ms. Gunjan |
|
Designation : |
Company Secretary |
|
|
|
|
Name : |
Mr. Sanjay Gandhi |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name : |
Mr. Vivek Nagpal |
|
Designation : |
Manager, Business Development |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Satyendra Narain DwIvedi |
|
119375 |
|
Manju Lata DwIvedi |
|
30625 |
|
Shivendra Dwivedi |
|
24000 |
|
Rahul Dwivedi |
|
24000 |
|
|
|
|
|
Total |
|
198000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and exporter of Connector Cable Harness, Power Cords and
Switches for Television |
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Products : |
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Exports : |
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|
Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
|
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Terms : |
|
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Selling : |
L/C and Credit (90 Days) |
|
|
|
|
Purchasing : |
L/C, cash and Credit (30 Days) |
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Connectors of different types and size |
Nos. |
NA |
NA |
60054000 |
|
Degaussing Coils |
Nos. |
NA |
NA |
-- |
|
Power Cord |
Nos. |
NA |
NA |
233000 |
|
|
|
|
|
|
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|
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GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
1200 (Approximately) (In Office + In Factory + In Branches) |
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Bankers : |
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||||||||||||||||||||||||||||||
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Facilities : |
Working Capital Loan
and Foreign Currency Loan has been secured against
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajnish and Associates Chartered Accountant |
|
Address : |
92 and 87, Defence Colony, Flyover market, |
|
Tel. No.: |
91-11-24642846 / 24642847 / 24692847 / 41012846 |
|
Fax No.: |
91-11-24602486 |
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E-Mail : |
|
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PAN.: |
AADFR3934P |
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|
Group Companies : |
|
CAPITAL STRUCTURE
As on 31.03.2010
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 |
|
|
|
|
|
|
198000 |
Equity Shares |
Rs.100/-
each |
Rs.19.800
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
19.800 |
19.800 |
19.800 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
897.993 |
803.498 |
634.749 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
917.793 |
823.298 |
654.549 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
43.997 |
52.861 |
80.956 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
43.997 |
52.861 |
80.956 |
|
|
DEFERRED TAX LIABILITIES |
0.689 |
1.300 |
0.661 |
|
|
|
|
|
|
|
|
TOTAL |
962.479 |
877.459 |
736.166 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
195.903 |
195.756 |
115.784 |
|
|
Capital work-in-progress |
5.449 |
2.008 |
50.308 |
|
|
|
|
|
|
|
|
INVESTMENT |
134.120 |
92.884 |
174.665 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
265.027
|
259.314 |
238.609 |
|
|
Sundry Debtors |
308.694
|
231.871 |
224.101 |
|
|
Cash & Bank Balances |
42.362
|
133.630 |
74.232 |
|
|
Other Current Assets |
0.700
|
0.054 |
0.176 |
|
|
Loans & Advances |
260.749
|
129.486 |
90.529 |
|
Total
Current Assets |
877.532
|
754.355 |
627.647 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
191.048 |
123.214 |
175.877 |
|
|
Other Current Liabilities |
8.554
|
41.152 |
8.397 |
|
|
Provisions |
50.923
|
3.178 |
47.964 |
|
Total
Current Liabilities |
250.525
|
167.544 |
232.238 |
|
|
Net Current Assets |
627.007
|
586.811 |
395.409 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
962.479 |
877.459 |
736.166 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1383.578 |
1208.331 |
1372.650 |
|
|
|
Other Income |
23.739 |
37.403 |
6.179 |
|
|
|
TOTAL (A) |
1407.317 |
1245.734 |
1378.829 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods sold |
1028.376 |
855.169 |
976.890 |
|
|
|
Manufacturing Expenses |
63.633 |
51.881 |
57.425 |
|
|
|
Personnel Expenses |
49.694 |
42.267 |
43.329 |
|
|
|
Operational and Administration Expenses |
49.256 |
22.380 |
33.445 |
|
|
|
Selling Distribution Expenses |
37.180 |
35.259 |
44.902 |
|
|
|
TOTAL (B) |
1228.139 |
1006.956 |
1155.991 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
179.178 |
238.778 |
222.838 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.723 |
8.656 |
11.578 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
174.455 |
230.122 |
211.260 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
21.418 |
16.181 |
10.777 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
153.037 |
213.941 |
200.483 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
12.212 |
3.592 |
1.260 |
|
|
|
|
|
|
|
|
|
Less / Add |
PRIOR PERIOD
EXPENSES / INCOME |
0.000 |
0.097 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
140.825 |
210.446 |
199.223 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
613.498 |
469.749
|
365.813 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
25.000
|
25.000 |
50.000 |
|
|
|
Dividend |
39.600 |
35.640 |
38.708 |
|
|
|
Tax on Dividend |
6.730 |
6.057 |
6.578 |
|
|
BALANCE CARRIED
TO THE B/S |
682.993 |
613.498 |
469.749 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1129.335 |
1027.146 |
1190.730 |
|
|
|
Commission Earnings |
|
|
|
|
|
|
Other Earnings |
|
|
|
|
|
TOTAL EARNINGS |
1129.335 |
1027.146 |
1190.730 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
761.245 |
757.864 |
843.865 |
|
|
|
Stores & Spares |
|
|
|
|
|
|
Capital Goods |
|
|
|
|
|
|
Others |
|
|
|
|
|
TOTAL IMPORTS |
761.245 |
757.864 |
843.865 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
711.24 |
1062.86 |
1029.36 |
|
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
1720.000 |
Expected Sales (2011-2012) : Rs.2100.000 Millions
The above information has been parted by Mr. Sanjay Gandhi.
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
10.01
|
16.89 |
14.45 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.06
|
17.71 |
14.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.26
|
22.52 |
26.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.26 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.32
|
0.27 |
0.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.50
|
4.50 |
2.70 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
(Rs.
In Millions)
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
161.182 |
102.016 |
165.310 |
|
29.866 |
21.198 |
10.567 |
|
|
|
|
|
|
Total |
191.048 |
123.214 |
175.877 |
NOTE
Registered office of the company has been sifted from “A-36, Sector-58,
Noida, Noida – 201301, Uttar Pradesh” to the present address w.e.f. 20.07.2011
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
YES |
|
2) Locality of the firm |
YES |
|
3) Constitutions of the firm |
YES |
|
4) Premises details |
YES |
|
5) Type of Business |
YES |
|
6) Line of Business• |
YES |
|
7) Promoter’s background |
-- |
|
8) No. of employees |
YES |
|
9) Name of person contacted |
YES |
|
10) Designation of contact person |
YES |
|
11) Turnover of firm for last three years |
YES |
|
12) Profitability for last three years |
NO |
|
13) Reasons for variation <> 20% |
NO |
|
14) Estimation for coming financial year |
YES |
|
15) Capital in the business |
YES |
|
16) Details of sister concerns |
NO |
|
17) Major suppliers |
YES |
|
18) Major customers |
YES |
|
19) Payments terms |
YES |
|
20) Export / Import details (if applicable) |
YES |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
YES |
|
24) Banking facility details |
NO |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
NO |
|
28) Incorporation details, if applicable |
-- |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
-- |
FINANCIAL RESULT
During the
year, the company had a turnover of Rs.1383.500 Millions as compared to
Rs.1200.800 Millions in the previous year, and increase of 15.21% However, the
profit before tax registered a decline of 28.47% from Rs.213.900 Millions in
the financial year 2008.2009 to Rs.153.000 Millions in the Financial Year
200-2010 and Profit After Tax stood at Rs.140.800 Millions as compared to
Rs.210.300 Millions in the previous year a decrease of 33.04%
Subject got recertification of its ISO 9001,
TS16949 and ISO 14001 accreditations and added OHSAS certification also to its
tally of prestigious certifications as testimony to improved performance in
quality, environment management system.
FUTURE OUTLOOK
The company aims at substantial increase in
its turnover by employing improved technologies, better productivity, overall
cost reduction and efficient use of manpower and other resources to produce
goods of exceptional quality. The main focus of the company is on the
development of new areas of business and adding more values to the products of
the company by doing backward integration so that the company could become
They are confident of achieving the target, as
subject is already a well-known and prestigious company for its products and
well established in the world market. The company is having well
confirmed/export orders for the current financial year and will boost the sales
and the profit to new heights.
CONTINGENT LIABILITIES
(Rs.
In Millions)
|
PARTUCULARS |
31.03.2010 |
31.03.2009 |
|
Claims Against the company not acknowledged as debts |
2.682 |
11.799 |
|
Guarantees issued by banks on behalf of the company |
1.000 |
1.000 |
|
Letter of Credit issued by banks on behalf of the company |
0.709 |
0.781 |
|
Corporate guarantees given to bank secured loans to business
associates (related party) |
0.060 |
0.060 |
FORM 8
|
Corporate
identity number of the company |
U51109UP1988PTC010331 |
|
Name of the
company |
ELCOMPONICS SALES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
A-36, C-24, Sector 58, Phase II, Noida, Noida – 201301, E-mail Id ; sanjajgupta@yahoo.co.in |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10230843 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Floating charge Others (Charge on Present and Future Current
Assets of Company) |
|
Particular of
charge holder |
Axis Bank Limited, B-2 and B-3, Sector – 16, Noida, Noida – 201301, E-Mail Id : pooja.agarwal@axisbank.com
|
|
Nature of
instrument creating charge |
Memorandum of
Entry for extension of mortgage dated 09.03.2011, Declaration cum deed of
confirmation for the extension of mortgage and record of mortgage by deposit
of title deeds dated 10.03.2011 |
|
Date of
instrument Creating the charge |
09.03.2011 |
|
Amount secured by
the charge |
Rs.100.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest Cash Credit-2.75%
above base rate i.e 11.75% p.a. EPC/FBP/FBD-2.00%
above base rate i.e. 11.00% p.a. PCFC/ Buyer's
Credit- As per rates specified by Treasury LC/BG-50% of
banks standard charge Terms of repayment CC- On Demand EPC/PCFC/FBP/FBD-
180 Days ILC- 90 Days FLC- 180 Days Buyers Credit-
360 Days BG- 36 Months Margin CC-
Inventory-25%, Debtors-35% (greater than 90 Days) EPC/PCFC-25% Extent and operation of the charge On the Entire
present and Future Current Assets of the Company, where ever situated On the Entire
Immovable Property Situated at Plot No. 120, Block No. A, Sector-63, Noida,
UP and Plot No. 36, Block A, Sector 58, Noida. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
1. First Charge
on all the present and future current assets including book debts of the
Company, wherever situated. 2. Plot No. 120,
Block No.A Sector-63, Noida, 3. Plot No. 36,
Block A, Sector 58, Noida, |
|
Date of
instrument modifying the charge |
24.02.2011 |
|
Particulars of
the present modification |
Redeposit of title
deeds of Immovable property at A-120, Sector 63, Noida on 09.03.2011, to
create security in favour of Axis Bank Limited. And Citi Bank N.A. Existing
charge on present and future current assets of the company to continue. |
FIXED ASSETS
- Land
- Building]
- Plant and Machinery
- Office Equipments
- Vehicles
- Computers
- Software
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.48.42 |
|
|
1 |
Rs.76.72 |
|
Euro |
1 |
Rs.65.85 |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
51 |
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.