1. Summary Information
|
|
|
Country |
|
|
Company Name |
LIPI DATA SYSTEMS LIMITED |
Principal Name 1 |
Mr. Mukul Piyush Singhal |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sameer Piyush Singhal |
|
|
|
Registration # |
11-66759 |
|
Street Address |
1, Mittal Chambers, Nariman Point, Mumbai-400022, |
||
|
Established Date |
13.05.1992 |
SIC Code |
-- |
|
Telephone# |
91-22-22882960 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-22873314 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Electronics
Products |
|
|
# of employees |
800 (Approximately) |
Product Name 2 |
Line Printers |
|
Paid up capital |
Rs. 49,000,000/- |
Product Name 3 |
Sub Assemblies |
|
Shareholders |
Bodies corporate 59.18%, Directors or relatives of
directors 40.82% |
Banking |
HDFC
Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
19 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (50) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associate
|
India
|
P.P. Singhal and Company |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
720,926,000 |
Current Liabilities |
285,225,000 |
|
Inventories |
275,728,000 |
Long-term Liabilities |
367,414,000 |
|
Fixed Assets |
428,443,000 |
Other Liabilities |
54,033,000 |
|
Deferred Assets |
000 |
Total Liabilities |
706,672,000 |
|
Invest& other Assets |
23,862,000 |
Retained Earnings |
693,287,000 |
|
|
|
Net Worth |
742,287,000 |
|
Total Assets |
1,448,959,000 |
Total Liab. & Equity |
1,448,959,000 |
|
Total Assets (Previous Year) |
1,199,697,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
1,962,193,000 |
Net Profit |
94,897,000 |
|
Sales(Previous yr) |
1,651,595,000 |
Net Profit(Prev.yr) |
93,844,000 |
MIRA
INFORM REPORT
|
Report Date : |
29.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
LIPI DATA SYSTEMS LIMITED |
|
|
|
|
Registered Office : |
1, Mittal Chambers, Nariman Point, Mumbai-400022, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
13.05.1992 |
|
|
|
|
Com. Reg. No.: |
11-66759 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs. 49.000
Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U36007MH1992PLC066759 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of Electromechanical
and Electronics Products, Line Printers and Sub Assemblies. |
|
|
|
|
No. of Employees : |
800 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2900000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and a reputed company having
satisfactory track. Trade relations are reported as fair. Business is active.
Payments are reported to be regular 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. P. Sarkar |
|
Designation : |
Senior Manager Finance |
|
Contact No.: |
91-22-22882960 |
LOCATIONS
|
Registered / Head Office : |
1, Mittal Chambers, Nariman Point, Mumbai – 400022, |
|
Tel. No.: |
91-22-22882960 |
|
Fax No.: |
91-22-22873314 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Mewar Industrial Area, Madri, Udaipur-313001, Rajasthan, India |
|
Tel. No.: |
91-294-2492400 |
|
Fax No.: |
91-294-2492409 |
|
|
|
|
Depot : |
Unit No. 53-56, Building No. 1, Electronic Sadan, T. T. C. Industrial Area, MIDC, Mahape, Thane, Navi Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-27680030 |
|
Fax No.: |
91-22-27670054 |
|
|
|
|
Sales and Service Network: |
Located At: ·
Aurangabad ·
Mumbai ·
Vashi ·
Kolhapur ·
Nagpur ·
Nasik · Pune ·
Solapur |
|
|
|
|
Branch Office : |
Located At: ·
·
·
Chennai ·
Kolkata ·
Ahmedabad ·
·
·
·
·
·
Coimbatore ·
·
Hadapsar ·
Thane ·
·
Jaipur ·
·
·
·
Mangalore ·
Trichy ·
|
DIRECTORS
AS ON 28.07.2011
|
Name : |
Mr. Mukul Piyush Singhal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Chairman and Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
205, Samudra Mahal, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/ Age: |
09.03.1964 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
13.05.1992 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00010847 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sameer Piyush Singhal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Joint Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
109/110, Samudra Mahal, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/ Age: |
22.12.1972 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.07.2003 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00010793 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Hemendra Narandas Shah |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
34, Meera, 18-L D Ruparel Marg, Malabar Hill, Mumbai-400006,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/ Age: |
04.10.1943 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.03.2004 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00708180 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Preeti Mukul Singhal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
205, Samudra Mahal, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/ Age: |
13.11.1967 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
06.09.2004 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00272738 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. P. Sarkar |
|
Designation : |
Senior Manager Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.07.2011
|
Names of Shareholders |
|
No. of Shares |
|
Singhal Mukul Jointly with Chemicals International
(Mumbai) Private Limited, |
|
10 |
|
Samuk Holding Private Limited, |
|
400000 |
|
Mukul Singhal |
|
540000 |
|
Sameer Singhal |
|
800000 |
|
Mukul Singhal Jointly With Preeti Singhal |
|
460000 |
|
Sameer Singhal Jointly with Shilpa Singhal |
|
200000 |
|
Chemicals Internationals ( Mumbai) Private Limited, |
|
2500070 |
|
|
|
|
|
Total |
|
4900080 |
AS ON 28.07.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
59.18 |
|
Directors
or relatives of directors |
|
40.82 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Electromechanical and Electronics Products, Line Printers and Sub Assemblies. |
|
|
|
|
Products : |
|
|
|
|
|
Agencies Held : |
|
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Hardware |
Nos. |
30200 |
9053 |
|
Sub Assembly |
Nos. |
100000 |
-- |
|
Cartridges |
Nos. |
10000 |
5955 |
GENERAL INFORMATION
|
No. of Employees : |
800 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M. Bhandari and Company Chartered Accountants |
|
Address : |
Shah Market, 1st Floor, Pali Bazar,
Beawar-305901, Rajasthan, India |
|
Pan No.: |
AARPB8590K |
|
|
|
|
Associates : |
·
Computronics Financial Services (India) Limited,
India ·
Samuk Holding Private Limited, India ·
P.P. Singhal and Company , India ·
Chemicals International Mumbai ( Private)
Limited, India ·
Lipi Infrastructure Private Ltd India |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4900080 |
Equity Shares |
Rs.10/- each |
Rs.49.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
49.000 |
49.000 |
49.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
693.287 |
641.245 |
558.867 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
742.287 |
690.245 |
607.867 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
367.286 |
247.550 |
216.570 |
|
|
2] Unsecured Loans |
0.128 |
0.118 |
0.080 |
|
|
TOTAL BORROWING |
367.414 |
247.668 |
216.650 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1109.701 |
937.913 |
824.517 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
428.443 |
331.845 |
271.184 |
|
|
Capital work-in-progress |
19.629 |
11.601 |
98.245 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.233 |
5.406 |
12.110 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
275.728
|
240.458
|
203.606 |
|
|
Sundry Debtors |
539.408
|
460.253
|
397.270 |
|
|
Cash & Bank Balances |
80.801
|
74.889
|
71.849 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
100.717
|
75.245
|
55.070 |
|
Total
Current Assets |
996.654
|
850.845
|
727.795 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
277.444
|
217.233
|
246.235 |
|
|
Other Current Liabilities |
7.781
|
10.076
|
6.195 |
|
|
Provisions |
54.033
|
34.475
|
32.387 |
|
Total
Current Liabilities |
339.258
|
261.784
|
284.817 |
|
|
Net Current Assets |
657.396
|
589.061
|
442.978 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1109.701 |
937.913 |
824.517 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1962.193 |
1651.595 |
1834.282 |
|
|
|
Other Income |
49.819 |
36.255 |
12.432 |
|
|
|
TOTAL (A) |
2012.012 |
1687.850 |
1846.714 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption Materials Changes Inventories |
1392.344 |
1145.813 |
|
|
|
|
Manufacturing Service Cost |
34.504 |
26.388 |
|
|
|
|
Employee Related Expenses |
182.198 |
149.626 |
1694.464 |
|
|
|
Administrative Selling Other Expenses |
191.997 |
181.164 |
|
|
|
|
Prior Period Items |
0.002 |
0.006 |
|
|
|
|
TOTAL (B) |
1801.045 |
1502.997 |
1694.464 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
210.967 |
184.853 |
152.250 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
40.293 |
26.470 |
33.540 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
170.674 |
158.383 |
118.710 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
47.177 |
42.439 |
38.133 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
123.497 |
115.944 |
80.577 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
28.600 |
22.100 |
11.642 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
94.897 |
93.844 |
68.935 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
461.745 |
394.367 |
346.307 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend on Equity Shares |
|
9.800 |
9.800 |
|
|
|
Provision for Tax on Proposed Dividend |
62.854 |
1.666 |
1.666 |
|
|
|
Transfer to General Reserve |
|
15.000 |
9.409 |
|
|
BALANCE CARRIED
TO THE B/S |
493.788 |
461.745 |
394.367 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.609 |
0.355 |
0.762 |
|
|
|
Commission Earnings |
0.307 |
3.246 |
4.904 |
|
|
TOTAL EARNINGS |
0.916 |
3.601 |
5.666 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
391.923 |
381.573 |
345.873 |
|
|
|
Finished Goods, Hardware Purchases and Spares |
290.799 |
150.937 |
210.444 |
|
|
|
Capital Goods |
45.883 |
6.514 |
12.253 |
|
|
TOTAL IMPORTS |
728.605 |
539.024 |
568.570 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
19.29 |
18.77 |
13.53 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.72
|
5.55 |
3.73 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.29
|
7.02 |
4.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.67
|
9.80 |
8.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.17 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.95
|
0.74 |
0.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.94
|
3.25 |
2.55 |
LOCAL AGENCY FURTHER INFORMATION
BUSINESS
OPERATIONS:
The Year has closed
with a gross revenue of Rs.2012.000 Millions, as against Rs.1687.800 Millions
indicating an increase of 19 % over the period the revenue from sales and
service @ Rs.1962.200 Millions as against Rs.1651.600 Millions indicating the
increase of 19%. The Annual Maintenance Contract revenue was at Rs.166.500
Millions as against Rs.153.700 Millions showing a marginal increase.
The Companies
Pre-Tax profits including profit on sale of land (net Rs.27.900 Millions) are
placed at Rs.124.100 Millions as against Rs.114.100 Millions and post tax
profit is placed at Rs.94.900 Millions as against Rs.93.800 Millions. Profit
from operation excluding exceptional income is Rs.96.200 Millions as against
Rs.114.100 Millions showing a reduction by 16%.
In spite of increase
in the turnover; the profits have not gone up because of pressure in pricing
coupled with escalating cost. It is a peculiar situation where the
Manufacturing turnover is more or less stagment, however trading turnover is on
increase but due to severe competition and increase in the associated cost
resulting into pressure on margins, the directors are exploring various
alternates to enhance the profitability by changing the product mix or
introducing new product lines.
Baddi unit
manufacturing printers is running satisfactorily, however Baddi unit No.2
manufacturing ATM machine is gaining acceptance from client, this being the
third year the division has shown modest profit, Directors are hopeful that
this division will generate good revenue and profits.
Company has
started an ancillary unit of Steel Metal, meant for providing exterior body
(frame) for ATM machine and printer parts, the plant started commercial
production on 24th December, 10 and company has invested Rs.74.000 Millions in
plant and machinery and Rs.8.700 Millions in building. Company expects to fully
operationalise the plant shortly and will result in cost saving in input cost.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge identification
number of the modified |
10122846 |
|
Corporate
identity number of the company |
U36007MH1992PLC066759 |
|
Name of the
company |
LIPI DATA SYSTEMS
LIMITED |
|
Address of the
registered office or of the principal place of business in |
1, Mittal Chambers, Nariman Point, Mumbai – 400022, |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India Email: rbbform8@hdfcbank.com
|
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum
recording past transactions of creation of Mortgage by Delivery of Title
Deeds. |
|
Date of
instrument Creating the charge |
14.12.2011 |
|
Amount secured by
the charge |
Rs.121.100
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of
Repayment On Demand Margin As may be
stipulated by the Bank from time to time. Extent and
Operation of the charge The Company
accorded and gave oral consent to Bank to continue to hold and retain the
title deeds (by way of Constructive delivery) in respect of its immovable
properties as stated, as security for repayment of Rs.121.100 Millions by the
Company, together with principal, interest, liquidated damages, costs,
charges and expenses. |
|
Short particulars
of the property charged |
Immovable
property situated at "Sai Capital", 801, 8th Floor, Senapati Bapat
Road, Shivaji Nagar, Pune. Immovable property
situated at Room No-6, 7A, 7B, 8, 9 and 10, 3rd Floor, Swapnil Enclave,
Opposite Joy Alukkas Wedding Centre, High Court Junction, Kochi. Immovable
property situated at Jindal Tower, Block-A, 1st Floor, Flat Nos. B, D and F,
21/1, A/3 Darga Road, Kolkata. Immovable
property situated at The Presidency, 1/10-1 to 10-6, Ground Floor, old NO.1,
New No.82, next to bishop cotton, boys high school, St. Marks's road,
Bangalore-560001. Immovable
property situated at H. No.: 9-1-161/204, Amsri Faust, 2nd Floor, Sarojini
Devi Road, Secunderabad. Immovable
property situated at S 438, Greater Kailash, Enclave-II, New Delhi. |
|
Date of latest
modification prior to the present modification |
13.12.2011 |
|
Particulars of
the present modification |
The charged shall
now stand increased from Rs.101.100 Millions to Rs.121.100 Millions, in
favour the Bank against the equitable mortgage of immovable properties Pune,
Kochi, Kolkatta, Bangalore, New Delhi, Sceunderabad. |
FIXED ASSETS:
· Leasehold land
· Factory / Office building
· Plant and machinery
· Computer
· Office vehicles
·
· Diesel Generator Set
· Electrical Installation
· Office Equipments
· Tools Dies and Equipments
· 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.50.92 |
|
|
1 |
Rs.81.21 |
|
Euro |
1 |
Rs.67.85 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
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.