1. Summary Information
|
Country |
|
||
|
Company Name |
T.V SUNDARAM
IYENGAR AND SONS LIMITED |
Principal Name 1 |
Mr. Suresh Krishna |
|
Status |
GOOD |
Principal Name 2 |
Mr. Krishna Ramesh |
|
Registration # |
18-2973 |
||
|
Street Address |
TVS Building, |
||
|
Established Date |
11.10.1929 |
SIC Code |
-- |
|
Telephone# |
91-452-4356400 |
Business Style 1 |
Dealers |
|
Fax # |
91-452-2341587 |
Business Style 2 |
|
|
Homepage |
http://www.tvsiyengar.com |
Product Name 1 |
Automobile Vehicles and
Accessories |
|
# of employees |
6000
(Approximately) |
Product Name 2 |
Spare Parts |
|
Paid up capital |
Rs.114,400,000/- |
Product Name 3 |
Petroleum Products/
Lubricants |
|
Shareholders |
Bodies corporate -6.00%, Directors or relatives of directors-
88.00%, Others- 6.00% |
Banking |
State Bank of |
|
Public Limited Corp. |
No |
Business Period |
83 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
A (63) |
|
Related
Company |
|||
|
Relation
Subsidiary |
Country
|
Company
Name Sundaram Industries Limited |
CEO -- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
NA |
Current Liabilities |
NA |
|
Inventories |
NA |
Long-term Liabilities |
NA |
|
Fixed Assets |
NA |
Other Liabilities |
NA |
|
Deferred Assets |
NA |
Total Liabilities |
NA |
|
Invest& other Assets |
NA |
Retained Earnings |
NA |
|
|
|
Net Worth |
NA |
|
Total Assets |
NA |
Total Liab. & Equity |
NA |
|
Total Assets (Previous Year) |
11,233,262 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
64,755,374,000 |
Net Profit |
860,931,000 |
|
Sales(Previous yr) |
57,966,126,000 |
Net Profit(Prev.yr) |
1,385,138 |
MIRA INFORM REPORT
|
Report Date : |
29.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
T.V SUNDARAM IYENGAR AND SONS LIMITED |
|
|
|
|
Registered
Office : |
TVS Building, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 (Profit and Loss Account) |
|
|
|
|
Date of
Incorporation : |
11.10.1929 |
|
|
|
|
Com. Reg. No.: |
18-002973 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.114.400 Millions (31.03.2011) |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34101TN1929PLC002973 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT0159K |
|
|
|
|
Legal Form : |
A Closely held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealers in Automobile Vehicles,
Spare Parts and Accessories and Petroleum Products/ Lubricants. |
|
|
|
|
No. of Employees
: |
6000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 17273000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject belongs to T.V.S Group, a trusted and reliable industrial
house of southern Trade relation are reported as fair. Business is active. Payments are
reported to regular and as per commitment. The company can be considered normal for business dealings at usual
trade terms and condition. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loan AA+ |
|
Rating Explanation |
High degree of safety of carry very low credit risk. |
|
Date |
February 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non fund based facility A1+ |
|
Rating Explanation |
Highest degree of safety. It carry lowest credit risk. |
|
Date |
February 2013 |
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 : |
TVS Building, |
|
Tel. No.: |
91-452-4356400 |
|
Fax No.: |
91-452-2341587 |
|
E-Mail : |
tvsco@tvssons.com b.ganapathisarma@tvssons.com |
|
Website : |
http://www.tvsiyengar.com |
|
|
|
|
Chennai Office : |
58,
|
|
Tel. No.: |
91-44-66793222 91-44-28349650 |
|
Fax No.: |
91-44-66793035 |
|
|
|
|
TVS Division: |
Madurai, Tirunelveli, Tiruchirapalli, Pudukottai, Salem, Coimbatore,
Dharmapuri, Villupuram, Namakkal, Thiruvananthapuram, Ernakulam, Kottayam,
Kannur, Kozhikode, Kollam, Palakkad, Thrissur, Malappuram, Pondicherry,
Indore, Bhopal, Rewa, Ratlam, Gwalior, Raipur, Jabalpur, Kanpur, Lucknow,
Bareilly, Haldwani, Meerut and `Bangalore. |
|
|
|
|
Sundaram Motors
Division: |
Chennai, Poonamallee, Vellore, Bangalore, Shimoga, Mysore, Mangalore,
Hubli, Gulbarga, Belgaum, Bellary, Yeshwantpur, Secunderabad, Visakhapatnam,
Vijayawada, Nellore, Kakinada, Cuddapah, Hyderabad, Pondicherry, Ponda (Goa),
Kolhapur, Pune, Mumbai, Nagpur, Cuttack, Berhampur and Ahmedabad. |
|
|
|
|
|
Chennai, Salem, Coimbatore, Erode, Vellore, Tiruchirapalli, Bangalore,
Shimoga, Mysore, Hubli, Mangalore, Bellary, Belagum, Margoa, Visakhapatnam,
Kurnool, Nellore, Hyderabad, Rajahmundry, Ernakulam, Kottayam, Kannur,
Kozhikode, Thrissur, Kolhapur, Pune, Nagpur, Aurangabad, Bhopal, Raipur and
Indore. |
DIRECTORS
As on : 25.10.2012
|
Name : |
Mr. Suresh Krishna |
|
Designation : |
Director |
|
Address : |
79, |
|
Date of Birth/Age : |
24.12.1936 |
|
Date of Appointment : |
25.12.1970 |
|
DIN No.: |
00046919 |
|
|
|
|
Name : |
Mr. Krishna Ramesh |
|
Designation : |
Director |
|
Address : |
No. 18, Jawahar Raod, Chkkikulam, |
|
Date of Birth/Age : |
17.02.1939 |
|
Date of Appointment : |
25.12.1970 |
|
DIN No.: |
00556922 |
|
|
|
|
Name : |
Mr. Santhanam Ram |
|
Designation : |
Director |
|
Address : |
Old No. 29, New No. 57, |
|
Date of Birth/Age : |
27.04.1940 |
|
Date of Appointment : |
25.12.1970 |
|
DIN No.: |
00018309 |
|
|
|
|
Name : |
Mr. Krishna Mahesh |
|
Designation : |
Whole-time Director |
|
Address : |
New no. 81, old No. 39, First Main Road, Raja
Annamali Puram, Chennai – 600 028, Tamilnadu, India |
|
Date of Birth/Age : |
11.10.1943 |
|
Date of Appointment : |
23.09.2010 |
|
DIN No.: |
00051438 |
|
|
|
|
|
|
|
Name : |
Mr. Santhanam Viji |
|
Designation : |
Director |
|
Address : |
Old No. 33, New No. 71, |
|
Date of Birth/Age : |
07.06.1946 |
|
Date of Appointment : |
30.08.1976 |
|
DIN No.: |
00139043 |
|
|
|
|
Name : |
Mr. Venu Srinivasan |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
11.12.1952 |
|
Date of Appointment : |
29.06.1979 |
|
DIN No.: |
00051523 |
|
|
|
|
Name : |
Mr. Gopal Srinivasan |
|
Designation : |
Director |
|
Address : |
West Side House, |
|
Date of Appointment : |
31.08.1979 |
|
DIN No.: |
00177699 |
|
|
|
|
Name : |
Mr. Balaji Kumara Thirumala |
|
Designation : |
Director |
|
Address : |
34 Poes Garden, Chennai – 600 086, |
|
Date of Birth/Age : |
12.07.1948 |
|
Date of Appointment : |
31.08.1979 |
|
DIN No.: |
00002010 |
|
|
|
|
Name : |
Mr. Haresh Ramachandhran |
|
Designation : |
Managing Director |
|
Address : |
|
|
Date of Birth/Age : |
29.11.1954 |
|
Date of Appointment : |
23.09.2010 |
|
DIN No.: |
00363096 |
|
|
|
|
Name : |
Mr. Ramchandran Dinesh |
|
Designation : |
Managing Director |
|
Address : |
|
|
Date of Birth/Age : |
25.02.1965 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00363300 |
|
|
|
|
Name : |
Mr. Srinath Ratnam Rajam |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
30.01.1957 |
|
Date of Appointment : |
16.06.2005 |
|
DIN No.: |
00054758 |
|
|
|
|
Name : |
Mr. Srivats Ram |
|
Designation : |
Director |
|
Address : |
Old No. 29, New No. 57, |
|
Date of Birth/Age : |
20.02.1970 |
|
Date of Appointment : |
16.06.2005 |
|
DIN No.: |
00063415 |
|
|
|
KEY EXECUTIVES
|
Name : |
Mr. Balasubramanian Iyer Ganapathi Sharma |
|
Designation : |
Company Secretary |
|
Address : |
TVS Building 7B |
|
Date of Birth/Age : |
24.08.1935 |
|
Date of Appointment : |
15.01.1986 |
|
PAN No.: |
ACKPG3871B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 25.10.2012
SHAREHOLDING DETAILS FILE ATTACHED.
Equity
Share Break up (Percentage of Total Equity)
As on : 25.10.2012
|
Category |
Percentage |
|
Bodies corporate |
6.00 |
|
Directors or relatives of Directors |
88.00 |
|
Other |
6.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealers in Automobile
Vehicles, Spare Parts and Accessories and Petroleum Products/ Lubricants. |
GENERAL INFORMATION
|
Customers : |
·
Maruti Udyog ·
·
TATA Engineering
and Locomotive Company ·
General Motors ·
Ford ·
Daewoo Motors Company
Limited ·
·
Hyundai Motors ·
Bajaj Tempo ·
Mahindra and
Mahindra ·
Swaraj Mazda ·
Eicher Motors ·
Escorts ·
HMT ·
·
L and T Tractors Greaves Tractors |
||||||||||
|
|
|
||||||||||
|
No. of Employees : |
6000 (Approximately) |
||||||||||
|
|
|
||||||||||
|
Bankers : |
·
State Bank of ·
UCO Bank, 18, ·
State Bank of Saurashtra, ·
State Bank of ·
HDFC Bank Limited, HDFC Bank Housesenapati Bapat
Marg, Lower Parel West, Mumbai-400013, ·
ICICI Bank Limited, landmarkrace |
||||||||||
|
|
|
||||||||||
|
Facilities : |
(Rs. In Millions)
|
||||||||||
|
|
|
||||||||||
|
Financial Institution : |
·
Sundaram Finance Limited, |
|
|
|
|
Auditors : |
|
|
Name : |
Sundaram and Srinivasan Chartered Accountants |
|
Address : |
|
|
PAN No.: |
AAAFS8812J |
|
|
|
|
Subsidiaries Companies |
·
Sundaram Industries Limited, Cin No.(U65991TN1943PLC002656) ·
Sundaram Clayton Limited, Cin No. (L35999TN1962PLC004792) ·
Sundaram Lanka Tyres Limited ·
Anusha Investments Limited ·
Southern Roadways Limited, Cin No. (U60221TN1946PLC002582) ·
TVS Motor Company Limited ·
Sundaram Textiles Limited, Cin No. (U17111TN1960PLC004340) ·
TVS Motor Company ( ·
The Associated Auto Parts Limited, Cin :(U51220MH1944PLC004124) ·
TVS Motor ( ·
TVS Automobile Solutions Limited,Cin No(U34100TN2009PLC071439) ·
PT.TVS Motor Company ·
Lucas-TVS Limited, Cin No. (U35999TN1961PLC004678) ·
Sundaram Auto Components Limited, Cin (U29249TN1992PLC051417) ·
Lucas Indian Service Limited, Cin No. (U35999TN1930PLC005705) ·
TVS Housing Limited ·
TVS Automotive Systems Limited ·
TVS Energy Limited ·
Iranian Automotive Systems, ·
TVS Wind Power Limited ·
TVS Interconnect Systems Limited ·
TVS Wind Energy Limited ·
NSM Holdings Limited ·
Sundaram Investment Limited ·
TOR Projects and Services Limited ·
TVS Investments Limited ·
NK Telecom Products Limited ·
TVS-E Access ( ·
1NK Tele Systems Limited ·
TVS-E Service Tec Limited ·
TVS Net Technologies Limited ·
Sravanaa Properties Limited ·
1TVS Logistics Services Limited ,Cin No (U63011TN2004PLC054655) ·
TVS Capital Funds Limited ·
TVS Logistics Investment UK Limited, ·
TVS Electronics Limited ·
YeleStre Holdings Limited, ·
Tumkur Property Holdings Limited ·
Multipart (Holdings) Limited, ·
Prime Property Holdings Limited ·
Multipart Solutions Limited, ·
Msys Software Solutions Limited, ·
Multipart Limited, ·
Globe Transport Products Limited, ·
Globe Dynamics Limited ·
TVS Automotive Europe Limited, ·
TVS Autoserv ·
TVS Logistics ·
TVS CJ Components Limited, ·
TVS Logistics Siam Limited, ·
TVS Dynamic Global Freight Services Limited ·
TVS Commutation Solutions Limited ·
TVS Logistics Investments USA Inc, ·
TVS America Inc, ·
Manufacturers Equipment and Supply Company, ·
TVS RHR Finished Vehicles Logistics Solutions
Limited ·
TVS GMR Aviation Logistics Limited |
|
|
|
|
Associates : |
·
Sundram Fasteners Limited ·
Wheels India Limited ·
Sundaram Brake Linings Limited ·
·
TVS Srichakra Limited, Cin No. (L25111TN1982PLC009414) ·
Brakes India Limited ·
TVS Sewing Needles Limited ·
Delphi-TVS Diesel Systems Limited ·
Irizar TVS Limited, Cin No. (U35202TN1998PLC041466) ·
TVS Infrastructure Limited ·
TVS Lanka Private Limited, Srilanka ·
TVS Auto Bangladesh Limited, ·
TVS Charities |
CAPITAL STRUCTURE
As on : 25.10.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2500000 |
Equity Shares |
Rs. 100/-each |
Rs. 250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1144000 |
Equity Shares |
Rs. 100/-each |
Rs. 114.400 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
114.400 |
114.400 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
4204.033 |
3402.067 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
4318.433 |
3516.467 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
1756.535 |
1632.610 |
|
|
2] Unsecured Loans |
|
689.010 |
631.338 |
|
|
TOTAL BORROWING |
|
2445.545 |
2263.948 |
|
|
DEFERRED TAX LIABILITIES |
|
7.025 |
7.025 |
|
|
|
|
|
|
|
|
TOTAL |
|
6771.003 |
5787.440 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1069.949 |
917.917 |
|
|
Capital work-in-progress |
|
38.461 |
11.254 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
1753.121 |
978.060 |
|
|
DEFERRED TAX ASSETS |
|
13.725 |
13.725 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
4092.082
|
2631.736 |
|
|
Sundry Debtors |
|
2155.618
|
1519.331 |
|
|
Cash & Bank Balances |
|
702.004
|
884.281 |
|
|
Other Current Assets |
|
0.000
|
0.000 |
|
|
Loans & Advances |
|
1408.302
|
1486.730 |
|
Total
Current Assets |
|
8358.006 |
6522.078 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
4129.974
|
2491.512 |
|
|
Other Current Liabilities |
|
0.000
|
0.000 |
|
|
Provisions |
|
332.285
|
164.082 |
|
Total
Current Liabilities |
|
4462.259 |
2655.594 |
|
|
Net Current Assets |
|
3895.747
|
3866.484 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
6771.003 |
5787.440 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
64134.853 |
57478.689 |
42477.917 |
|
|
|
Other Income |
620.521 |
487.437 |
783.266 |
|
|
|
TOTAL (A) |
64755.374 |
57966.126 |
43261.183 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of stock in trade |
58616.510 |
52531.364 |
38652.117 |
|
|
|
Changes in inventories |
(179.241) |
0.000 |
1318.097 |
|
|
|
Employee benefits |
1916.436 |
1622.363 |
1522.152 |
|
|
|
Others |
2478.570 |
1793.091 |
0.000 |
|
|
|
Income loss discounting Operating |
0.000 |
(296.787) |
0.000 |
|
|
|
TOTAL (B) |
62832.275 |
55650.031 |
41492.366 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1923.099 |
2316.095 |
1768.817 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
516.237 |
269.280 |
202.615 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1406.862 |
2046.815 |
1566.202 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
215.006 |
158.720 |
140.443 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1191.856 |
1888.095 |
1425.759 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
330.925 |
502.957 |
263.595 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
860.931 |
1385.138 |
1162.164 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1111.508 |
1317.942 |
701.165 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
General Reserve |
NA |
1008.400 |
116.100 |
|
|
|
Interim Dividend paid |
NA |
236.808 |
236.808 |
|
|
|
Interim Dividend Payable |
NA |
289.432 |
140.712 |
|
|
|
Tax on Dividend |
NA |
56.932 |
51.767 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
1111.508 |
1317.942 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
27.206 |
66.126 |
|
|
|
|
Capital Goods |
6.042 |
176.400 |
|
|
|
TOTAL IMPORTS |
33.248 |
242.526 |
38.439 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
752.56 |
1200.26 |
1014.86 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.34
|
2.40 |
2.74 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.84
|
3.26 |
3.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.00
|
20.03 |
19.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.44 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
NA
|
0.57 |
0.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA
|
1.87 |
2.46 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
Yes |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
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 |
Yes |
UNSECURED LOANS :
(Rs.
In Millions)
|
Particular |
31.03.2011 |
|
|
|
|
Deposits |
189.010 |
|
Loan From Banks |
500.000 |
|
|
|
|
Total |
689.010 |
FIXED ASSETS:-
·
·
·
Plant and Machinery
·
Furniture, Fittings and Equipments
·
Transport Vehicles
·
Aircraft
·
Patent Rights and Patterns
·
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 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. 54.29 |
|
|
1 |
Rs. 83.88 |
|
Euro |
1 |
Rs. 70.67 |
INFORMATION DETAILS
|
Report Prepared
by : |
|
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
63 |
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.