|
Report Date : |
05.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
QUANTUM MANUFACTURING INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
#107, Road No.4, 2nd Phase, Jigani Industrial Area, Jigani,
Bangalore – 560105, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
19.01.2010 |
|
|
|
|
Com. Reg. No.: |
052225 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.500
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29221KA2010PTC052225 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of High Quality Vacuum Pump Parts. |
|
|
|
|
No. of Employees
: |
35 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (18) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company establishing gradually. Trade
relations are reported as fair. Business is active. Payments are unknown. The company can be considered for business dealings on a safe and
secured 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. Madhava Kumaraswamy |
|
Designation : |
Director |
|
Contact No.: |
91-9591991102 |
|
Date : |
20.04.2012 |
LOCATIONS
|
Registered Office/ Factory : |
#107, Road No.4, 2nd Phase, Jigani Industrial Area, Jigani,
Bangalore – 560105, Karnataka, India |
|
Tel. No.: |
91-80-42196578 |
|
Mobile No.: |
91-9591991102 (Mr. Madhava K.) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10,000 sq. ft. |
|
Location : |
Rented |
DIRECTORS
(AS ON 29.09.2010)
|
Name : |
Mr. Jayavenkatesh Nagaraj |
|
Designation : |
Director |
|
Address : |
No.278, Ravikirloskar Layout, Chikkabidarakallu Dasanapura, Bangalore –
560073, Karnataka, India |
|
Date of Birth/Age : |
21.09.1965 |
|
Date of Appointment : |
19.01.2010 |
|
DIN No.: |
02881015 |
|
|
|
|
Name : |
Mr. Yenadka Adamangala Shivarama |
|
Designation : |
Director |
|
Address : |
21, Bayraveshwara Nagar Shettyhalli, Shettihalli, Bangalore – 560015,
Karnataka, India |
|
Date of Birth/Age : |
25.06.1967 |
|
Date of Appointment : |
19.01.2010 |
|
DIN No.: |
02879085 |
|
|
|
|
Name : |
Mr. Madhava Kumaraswamy |
|
Designation : |
Director |
|
Address : |
No.243, 4th Main Vijaya Bank, Colonybilekahalli, Bannerghatta Road,
Bangalore – 560076, Karnataka, India |
|
Date of Birth/Age : |
10.06.1962 |
|
Date of Appointment : |
19.01.2010 |
|
DIN No.: |
02873513 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Doranahalli Nanjundaiah Pushphaaraj |
|
10000 |
|
Jayavenkatesh Nagaraj |
|
10000 |
|
Yenadka Adamangala Shivarama |
|
10000 |
|
Madhava Kumaraswamy |
|
10000 |
|
Rajesh Bangalore Seshadri |
|
10000 |
|
|
|
|
|
Total |
|
50000 |
(AS ON 13.04.2011)
|
Names of Allottee |
|
No. of Shares
Allotted |
|
|
|
|
|
Madhava Kumaraswamy |
|
80000 |
|
Jayavenkatesh Nagaraj |
|
100000 |
|
Ananda Muniswamy Narayanappa |
|
110000 |
|
Charles Edwin Rajendra Kumar |
|
110000 |
|
Elizabeth Charles |
|
110000 |
|
Yenadka Adamangala Shivarama |
|
100000 |
|
|
|
|
|
Total |
|
610000 |
(AS ON 30.09.2010)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of High Quality Vacuum Pump Parts. |
|
|
|
|
Exports : |
|
|
Products : |
High Quality Vacuum Pump Part |
|
Countries : |
· Germany · US |
|
|
|
|
Imports : |
|
|
Products : |
Pump Parts |
|
Countries : |
· Germany · China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30-60 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30-60 days) |
GENERAL INFORMATION
|
Suppliers : |
· Ixetic DSI |
||||||||||||||||||
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|
||||||||||||||||||
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Customers : |
OEM’s · S. K. F., Bangalore |
||||||||||||||||||
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|
||||||||||||||||||
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No. of Employees : |
35 (Approximately) |
||||||||||||||||||
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|
|
||||||||||||||||||
|
Bankers : |
· State Bank of India Bannerughatta Road, Branch, No. 201, Bilekahalli Layout, Bannerughatta Main Road, Bangalore - 560076, Karnataka, India |
||||||||||||||||||
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|
|
||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Balakrishna and Company Chartered Accountant |
|
Address : |
No.97/3-2, 13th Cross, 8th Main, Wilson Garden, Bangalore – 560030,
Karnataka, India |
|
PAN No.: |
AAGFB0322A |
CAPITAL STRUCTURE
(AS ON 29.09.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
Rs.10/- each |
Rs.7.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
660000 |
Equity Shares |
Rs.10/- each |
Rs.6.600
Millions |
|
|
|
|
|
(AS ON 31.03.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.500 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.060 |
|
|
TOTAL BORROWING |
|
|
0.060 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.560 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.332 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.036 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.114 |
|
Total
Current Assets |
|
|
0.150 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.011 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.011 |
|
|
Net Current Assets |
|
|
0.139 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.089 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.560 |
|
PROFIT & LOSS
ACCOUNT
|
Particulars |
|
31.03.2012 |
31.03.2011 |
|
Sales Turnover (Approximately) |
|
21.000 |
6.600 |
|
|
|
|
|
Expected Sales (2012-13): Rs.35.000 Millions
The above information has been parted by Mr. Madhava K.
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2010 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
13.64 |
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
|
|
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
Yes |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
Yes |
|
Name of Person Contacted |
Yes |
|
Designation of Contact person |
Yes |
|
Turnover of Firm for last two years |
Yes |
|
Profitability for last three years |
No |
|
Reasons for variation <> 20% |
----- |
|
Estimation for coming financial year |
Yes |
|
Capital in the business |
Yes |
|
Details of sister concerns |
Yes |
|
Major Suppliers |
Yes |
|
Major Customers |
Yes |
|
Payments Terms |
Yes |
|
Export/ Imports Details (If applicable) |
Yes |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
----- |
|
Buyer visit details |
----- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
NOTE:
The Registered Office of the company has been
shifted from 100/2, Shakti Mahaganapathi Main, Ayyappa Garden, Bilekahalli, Off
Bannerghatta Road, Bangalore – 560076, Karnataka, India, to the present address
TRADE REFERENCE:
· Ixetic DSI
· S.K.F., Bangalore
FORM 8:
|
Corporate
identity number of the company |
U29221KA2010PTC052225 |
|
Name of the
company |
QUANTUM MANUFACTURING
INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
100/2,
Shaktimahaganapathi Main, Ayyappa Garden, Bilekahalli, Off Bannerghatta Road,
Bangalore – 560076, Karnataka, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
· State Bank of India Bannerughatta Road, Branch, No.
201, Bilekahalli Layout, Bannerughatta
Main Road, Bangalore - 560076, Karnataka, India |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of loan
cum hypothecation form SME - 2 |
|
Date of
instrument Creating the charge |
03/06/2010 |
|
Amount secured by
the charge |
Rs.11.700
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest 1). WCL - at
1.00% above SBAR, effective rate 12.75% p.a. at monthly rests. 2). TL- at 1.50%
above SBAR, effective rate 13.25% p.a. at monthly rests. Penal Int.: MAX
2% p.a. over the normal rate. Terms of
Repayment WCL - On demand.
Advance is for a period of 12 months. Term Loan : In 66
monthly installments, first 6 Installments of Rs 50000/- each, next 12 Installments
of Rs 50000/- each, next 12 Installments of Rs 100000/- each, next 12
Installments of Rs 150000/- each, next 24 Installments of Rs 200000/- each
with effect from October 2010. Margin RM/SFG/FG/CCS/Recevaibles
: 25% Term Loan :
36.96% Extent and
Operation of the charge Exclusive first
charge on the assets of the company and to the full extent. Others Cash Credit
Rs.3.000 Millions, Term Loan Rs.8.700 Millions, Total Rs.11.700 Millions. |
|
Short particulars
of the property charged |
Hypo. 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 |
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 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.53.72 |
|
|
1 |
Rs.86.98 |
|
Euro |
1 |
Rs.70.65 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
18 |
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.