1. Summary Information
|
|
|
Country |
|
|
Company Name |
ABM TELE MOBILES INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Hanif Mohammed |
|
Status |
Moderate |
Principal Name 2 |
Mr. Younus Mohammed |
|
|
|
Registration # |
08-045874 |
|
Street Address |
No. 7 and 8, |
||
|
Established Date |
01.04.2008 |
SIC Code |
-- |
|
Telephone# |
91-80-23567832/41139093 |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Telecommunication
Equipments |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.25,000,000 |
Product Name 3 |
-- |
|
Shareholders |
Directors
or relatives of directors |
Banking |
Standard
Chartered Bank |
|
Public Limited Corp. |
No |
Business Period |
3 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
104,370,000 |
Current Liabilities |
60,721,000 |
|
Inventories |
000 |
Long-term Liabilities |
21,665,000 |
|
Fixed Assets |
4,306,000 |
Other Liabilities |
79,000 |
|
Deferred Assets |
107,000 |
Total Liabilities |
82,465,000 |
|
Invest& other Assets |
000 |
Retained Earnings |
1,318,000 |
|
|
|
Net Worth |
26,318,000 |
|
Total Assets |
108,783,000 |
Total Liab. &
Equity |
108,783,000 |
|
Total Assets (Previous Year) |
127,506,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1,657,852,000 |
Net Profit |
634,000 |
|
Sales(Previous yr) |
1,477,996,000 |
Net Profit(Prev.yr) |
684,000 |
MIRA
INFORM REPORT
|
Report Date : |
19.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
ABM TELE MOBILES INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 7 and 8, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
01.04.2008 |
|
|
|
|
Com. Reg. No.: |
08-045874 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.25.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32202KA2008PTC045874 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture, Assembler, Repair Installer, Exporter and Importer of all
type of Telecommunication Equipment. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject has been takenover the running
business of ABM Communication, erstwhile a partnership concern. It is an established company having moderate track. Profitability of
the company appears to be low. However, trade relations are reported as fair.
Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
No. 7 and 8, |
|
Tel. No.: |
91-80-23567832/41139093 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 27.09.2010
|
Name : |
Mr. Hanif Mohammed |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
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|
Address : |
No. 4/1, 2nd Floor, |
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|
Date of Birth/Age : |
28.09.1961 |
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Date of Appointment : |
01.04.2008 |
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|
Din No.: |
01211460 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
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|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mohammed Ameen |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No. 4/1, 2nd Floor, |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.09.1980 |
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|
Date of Appointment : |
01.04.2008 |
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|
Din No.: |
01211411 |
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Other Directorship:
|
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|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Younus Mohammed |
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|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No. 11, |
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|
Date of Birth/Age : |
10.08.1955 |
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|
Date of Appointment : |
01.04.2008 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
01211547 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
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|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Altaf Hussain |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No. 4/1, 2nd Floor, |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.09.1965 |
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Date of Appointment : |
01.04.2008 |
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|
Din No.: |
01211524 |
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Other Directorship:
|
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|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mohammed Afzal |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No. 4/1, 2nd Floor, |
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|
Date of Birth/Age : |
20.07.1984 |
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|
Date of Appointment : |
10.07.2009 |
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|
Din No.: |
01211487 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Hanif Mohammed |
|
562500 |
|
Mohammed Ameen |
|
375000 |
|
Younus Mohammed |
|
687500 |
|
Mohammed Afzal |
|
312500 |
|
Altaf Hussain |
|
562500 |
|
|
|
|
|
Total |
|
2500000 |
As on 27.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture, Assembler, Repair Installer, Exporter and Importer of all
type of Telecommunication Equipment. |
GENERAL INFORMATION
|
Bankers : |
Standard Chartered Bank, 112, Serenity, Koramangala
Industrial Area, 5th Block, Koramangala,
Bangalore-560095, |
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mallya and Mallya Chartered Accountant |
|
Address : |
No. 29/2, 1st Floor, Parijatha
Complex, Race Course Road, Bangalore-560001, Karnataka, India |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2500000 |
Equity Share |
Rs.10/- each |
Rs.25.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2500000 |
Equity Share |
Rs.10/- each |
Rs.25.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
25.000 |
10.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
1.318 |
0.684 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
26.318 |
10.684 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
1.475 |
0.173 |
|
|
2] Unsecured Loans |
|
20.190 |
22.143 |
|
|
TOTAL BORROWING |
|
21.665 |
22.316 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
47.983 |
33.000 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
4.306 |
3.361 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.107 |
0.099 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
87.514 |
77.690 |
|
|
Cash & Bank Balances |
|
0.412 |
0.422 |
|
|
Other Current Assets |
|
16.252 |
38.929 |
|
|
Loans & Advances |
|
0.192 |
7.005 |
|
Total
Current Assets |
|
104.370 |
124.046 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
19.876 |
|
|
Other Current Liabilities |
|
60.721 |
74.551 |
|
|
Provisions |
|
0.079 |
0.079 |
|
Total
Current Liabilities |
|
60.800 |
94.506 |
|
|
Net Current Assets |
|
43.570 |
29.540 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
47.983 |
33.000 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
|
1657.852 |
1477.996 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
0.953 |
0.864 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.319 |
0.180 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
0.634 |
0.684 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
0.634 |
0.684 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
0.25 |
0.68 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
|
0.06 |
0.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
0.88 |
0.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.04 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
3.13 |
10.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.72 |
1.31 |
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U32202KA2008PTC045874 |
|
Name of the
company |
ABM TELE MOBILES
INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No. 7 and 8, |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Floating Charge |
|
Particular of
charge holder |
Standard Chartered Bank, 112, Serenity, Koramangala
Industrial Area, 5th Block, Koramangala,
Bangalore-560095, |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation
Agreement |
|
Date of
instrument Creating the charge |
18.08.2010 |
|
Amount secured by
the charge |
Rs.76.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Credit Facility. Interest / Commission
- As agreed by and with the Bank from time to time. Terms of
Repayment As agreed by and
with the Bank from time to time. Margin As applicable, if
any. Extent and
Operation of the charge The Bank is
having first charge on the security given by the Borrower. |
|
Short particulars
of the property charged |
I)
a)
Hypothecation by way of first charge on: a)all the stock in trade both
present & future consisting of raw materials, finished goods, goods in
process of manufacturing & other merchandise. II)
b)
All the present & future book debts, o/s moneys receivables, claims &
bills. III)
c)
All movable fixed assets now or at any time hereafter belonging to the
Borrowers at the Borrowers factory or at any other premises. |
Fixed Assets:
- Furniture
- Telephone
- Mobile Phone
- Printer
- Honda Activa
- Water Filter
- Computer
- Honda Die
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.47.47 |
|
|
1 |
Rs.74.95 |
|
Euro |
1 |
Rs.65.79 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.