MIRA
INFORM REPORT
|
Report Date : |
01.11.2012 |
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, SOUTH END ROAD, SHESHADRIPURAM, |
||
|
Established Date |
01.04.2008 |
SIC Code |
-- |
|
Telephone# |
91-80-23567832/41139093 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
NOT AVAILABLE |
Business Style 2 |
EXPORTER |
|
Homepage |
NOT AVAILABLE |
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 – 100% |
Banking |
AXIS BANK
LIMITED |
|
Public Limited Corp. |
NO |
Business Period |
4 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 |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
15,814,000 |
Current Liabilities |
3,368,000 |
|
Inventories |
25,957,000 |
Long-term Liabilities |
16,387,000 |
|
Fixed Assets |
5,367,000 |
Other Liabilities |
505,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
20,260,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
1,878,000 |
|
|
|
Net Worth |
26,878,000 |
|
Total Assets |
47,138,000 |
Total Liab. & Equity |
47,138,000 |
|
Total Assets (Previous Year) |
108,783,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
1,506,729,000 |
Net Profit |
560,000 |
|
Sales(Previous yr) |
1,657,852,000 |
Net Profit(Prev.yr) |
634,000 |
IDENTIFICATION DETAILS
|
Name : |
ABM TELE MOBILES INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.7 and 8, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
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 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA9520J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, 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 |
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|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject has takeover 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
No.7 and 8, |
|
Tel. No.: |
91-80-23567832/ 41139093 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 28.09.2011
|
Name : |
Mr. Hanif Mohammed |
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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 |
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Other Directorship :
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Name : |
Mr. Mohammed Ameen |
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|
Designation : |
Whole Time Director |
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Address : |
4/1, |
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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 |
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Address : |
No.11, |
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Date of Birth/Age : |
10.08.1955 |
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Date of Appointment : |
01.04.2008 |
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Din No.: |
01211547 |
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Other Directorship :
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|
Name : |
Mr. Altaf Hussain |
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Designation : |
Whole Time Director |
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Address : |
No.4/1, |
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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 |
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Designation : |
Whole Time Director |
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Address : |
No.4/1, |
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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 |
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Other Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2011
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Mohammed Ameen |
375000 |
15.00 |
|
Mohammed Afzal |
312500 |
12.50 |
|
Hanif Mohammed |
562500 |
22.50 |
|
Altaf Hussain |
562500 |
22.50 |
|
Younus Mohammed |
687500 |
27.50 |
|
Total
|
2500000 |
100.00 |
As on 28.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Assembler, Repair Installer, Exporter and Importer of
all type of Telecommunication Equipment.
|
|
|
|
|
Products : |
Nokia Handset and Accessories |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
Axis Bank Limited, Corporate Banking Branch, Express Building, 2nd
Floor, No.1, Queen’s Road, Bangalore – 560 001, Karnataka, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
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Auditors : |
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|
Name : |
Mallya and Mallya Chartered Accountants |
|
Address : |
No.29/2, 1st Floor, Parijatha Complex, |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFM8893Q |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 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 |
25.000 |
25.000 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.878 |
1.318 |
0.684 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
26.878 |
26.318 |
10.684 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.700 |
1.475 |
0.173 |
|
|
2] Unsecured Loans |
14.687 |
20.190 |
22.143 |
|
|
TOTAL BORROWING |
16.387 |
21.665 |
22.316 |
|
|
DEFERRED TAX LIABILITIES |
0.008 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
43.273 |
47.983 |
33.000 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5.367 |
4.306 |
3.361 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
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DEFERRED TAX ASSETS |
0.000 |
0.107 |
0.099 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
25.957
|
0.000 |
0.000 |
|
|
Sundry Debtors |
71.518
|
87.514 |
77.690 |
|
|
Cash & Bank Balances |
(71.480)
|
0.412 |
0.422 |
|
|
Other Current Assets |
0.000
|
16.252 |
38.929 |
|
|
Loans & Advances |
15.776
|
0.192 |
7.005 |
|
Total
Current Assets |
41.771
|
104.370 |
124.046 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.163
|
|
19.876 |
|
|
Other Current Liabilities |
3.205
|
|
74.551 |
|
|
Provisions |
0.497
|
0.079 |
0.079 |
|
Total
Current Liabilities |
3.865
|
60.800 |
94.506 |
|
|
Net Current Assets |
37.906
|
43.570 |
29.540 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
43.273 |
47.983 |
33.000 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
SALES |
1506.729 |
1657.852 |
1477.996 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.143 |
0.953 |
0.864 |
|
|
|
|
|
|
|
Less |
TAX |
0.583 |
0.319 |
0.180 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.560 |
0.634 |
0.684 |
|
|
|
|
|
|
|
|
NET PROFIT CARRIED
OVER TO BALANCE SHEET |
0.560 |
0.634 |
0.684 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.22 |
1.32 |
0.68 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
0.08
|
0.06 |
0.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.42
|
0.88 |
0.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.04 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.75
|
3.13 |
10.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
10.81
|
1.72 |
1.31 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
No |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
Bankers Charges
Report as per Registry
|
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, E-Mail: ameen@ambtelemobiles.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Floating charge |
|
Particular of
charge holder |
Axis Bank Limited, Corporate Banking Branch, Express Building, 2nd
Floor, No.1, Queen’s Road, Bangalore – 560 001, Karnataka, India E-Mail: sanchit.sahu@axisbank.com |
|
Nature of
instrument creating charge |
Deed of
hypothecation of current assets (stock and book-debts) |
|
Date of
instrument Creating the charge |
27.12.2011 |
|
Amount secured by
the charge |
Rs.50.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CC-13.25% p.a. at
present (Base rate+3.25%) Subject to
revision from time to time Terms of repayment CC- Running
Account repayable on Demand Margin Stock-25% Book Debts with
cover period of 90 days-25% Extent and operation of the charge The charge shall
operate to the extent of the loan amount plus interest commission costs
expenses and other charges thereon Other CC of Rs 50.000
Millions |
|
Short particulars
of the property charged (Including location of the property) |
First charge on
stock in trade including Raw Material, Stock in Process, Finished Goods,
Cash, Book Debts and other Current
assets both present and future Stored or
Installed at No.7 and 8, |
FIXED ASSETS:
v Furniture
v Telephone
v Mobile Phone
v Printer
v Honda Activa
v Water Filter
v Computer
v 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 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 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.54.12 |
|
|
1 |
Rs.87.07 |
|
Euro |
1 |
Rs.70.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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.