MIRA
INFORM REPORT
|
Report Date : |
06.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
IMPERIAL AUTO INDUS-TRIES LIMITED |
|
|
|
|
Registered
Office : |
202, Kusal Bazar, 32-33 Nehru Place, New Delhi – 110019 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 (Profit and Loss Account) |
|
|
|
|
Date of
Incorporation : |
22.04.1975 |
|
|
|
|
Com. Reg. No.: |
55-007737 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 464.588 Millions (As on 31.03.2011) |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1975PLC007737 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKI00449B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI0645J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Exporters of Motor Vehicle Parts, Hydraulic Parts, IC Engine Parts and other Auto Parts. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 5400000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Balance
Sheet Statement for the year 2012 is not available. However, there seems a
growth in the turnover and profitability of the company during the current
year. From the previous year financial it seems that the company is
performing well. Trade relations are reported as fair. Business is active.
Payments are reported to be usually correct and as per commitments. 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial years
of the contagion but finally lost ground last year. GDP growth slowed down.
Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
FITCH |
|
Rating |
BBB+ (Long Term Rating) |
|
Rating Explanation |
This rating indicate that expectation of default risk are currently
low. |
|
Date |
March 15, 2012 |
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.
INFORMATION DECLINED
Management Non-cooperative (91-129-2423791)
LOCATIONS
|
Registered Office : |
202, Kusal Bazar, 32-33 Nehru Place, New Delhi - 110019, India |
|
Tel. No.: |
91-11-26419619/ 22619619/ 26412022 |
|
Fax No.: |
91-11-26412736 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office / Factory 1 : |
Opposite Railway Goods Shed, Faridabad – 121001, Haryana, India |
|
Tel. No.: |
91-129-2423791/ 2412311/ 2412736 |
|
Fax No.: |
91-129-2412136/ 2428158 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Plot No. 94, Sector 25, |
|
Tel. No.: |
91-129-5062744/ 5062741/ 5062742/ 2441027 |
|
Fax No.: |
91-129-2441028 |
|
E-Mail : |
|
|
|
|
|
Factory 3 : |
Plot No. 32, Sector 27, |
|
Tel. No.: |
91-129-2273692/ 2271792/ 2271146 |
|
|
|
|
Factory 4 : |
Plot No. 83, Sector 25, |
|
Tel. No.: |
91-129-2231148/ 2232993/ 5062744 |
|
Fax No.: |
91-129-2441028 |
|
|
|
|
|
· 18840 Kelly Ct. Clinton Township ML 48035, USA Tel. No.: +1 586 415 0297 Fax No.: +1 586 415 6231 E-Mail : shawncox734@cs.com
· HEL- London, U.K. |
|
|
|
|
Warehouse : |
Located At: · Pune · Lucknow · Jamshedpur |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Jagjit Singh |
|
Designation : |
Chairman cum Joint Managing director |
|
Address : |
House No. 9, Sector 16-A, Faridabad
– 121003, Haryana, India |
|
Date of Birth/Age : |
15.09.1938 |
|
Qualification : |
Fellow of Science |
|
Experience : |
45 Years |
|
Date of Appointment : |
01.04.2005 |
|
PAN No.: |
AEZPS1137F |
|
Voter ID No.: |
HR/06/52/546011 |
|
DIN No.: |
00109439 |
|
|
|
|
Name : |
Mr. Sham Behari Sardana |
|
Designation : |
Managing director |
|
Address : |
D-99, Panchsheel Enclave, New Delhi – 110016, India |
|
Date of Birth/Age : |
21.03.1944 |
|
Qualification : |
Diploma in Mechanical Engineering |
|
Experience : |
42 Years |
|
Date of Appointment : |
01.04.2005 |
|
PAN No.: |
AEZPS1136E |
|
Voter ID No.: |
DL/02/008/21920 |
|
DIN No.: |
00109418 |
|
|
|
|
Name : |
Mr. Chander Prakash Kohli |
|
Designation : |
Whole-time director |
|
Address : |
House No. 1211, Sector 15,
Faridabad, Haryana, India |
|
Date of Birth/Age : |
02.01.1946 |
|
Date of Appointment : |
01.03.2012 |
|
DIN No.: |
01411571 |
|
|
|
|
Name : |
Mr. Ravindra Nath Malik |
|
Designation : |
Director |
|
Address : |
House No. 15, Sector 16-A Faridabad, Haryana, India |
|
Date of Birth/Age : |
20.02.1937 |
|
Date of Appointment : |
28.09.1998 |
|
PAN No.: |
ACYPM9686L |
|
Voter ID No.: |
HR/06/52/546027 |
|
DIN No.: |
00109448 |
|
|
|
|
Name : |
Mr. Vimal Kampani |
|
Designation : |
Director |
|
Address : |
B-1/31, Malviya Nagar, New Delhi, India |
|
Date of Birth/Age : |
24.02.1942 |
|
Date of Appointment : |
09.02.2010 |
|
PAN No.: |
AEYPK3840G |
|
DIN No.: |
01543054 |
KEY EXECUTIVES
|
Name : |
Mr. Vikram Mehra |
|
Designation : |
Secretary |
|
Address : |
502, Sabzaar Apartments, Sector 45, |
|
Date of Birth/Age : |
25.01.1972 |
|
Date of Appointment : |
14.12.2009 |
|
PAN No.: |
AAUPM4954B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names
of Shareholders |
No. of Shares |
|
Vishan Devi |
1095075 |
|
Sham Behari
Sardana |
27273075 |
|
Jagjit Singh
Karta of Jagjit Singh (HUF) |
952728 |
|
Jagjit Singh |
30907865 |
|
Manjeet Lamba |
2709000 |
|
Sham
Bihari Sardana Karta of S B Sardana (HUF) |
2394150 |
|
Manav Sardana |
696232 |
|
Shobha Sardana |
2322375 |
|
Tarun Lamba |
906750 |
|
Sham Bihari Sardana Karta
of P D Sardana (HUF) |
271125 |
|
Tarun Lamba Karta
of Tarun Lamba HUF |
159750 |
|
|
|
|
Total |
69688125 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporters of Motor Vehicle Parts, Hydraulic Parts, IC Engine Parts and other Auto Parts. |
||||||||||||
|
|
|
||||||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
Motor Vehicles
Parts/ Hydraulic Parts/ I.C. Engine Parts/Other Auto Parts |
Nos |
140000000 |
NOTE:
* The Company’s
products are exempt from licensing requirements under New Industrial Policy in
terms of Notification no S.O.477 (E) dated 25th July, 1991.
**On single shift basis, as certified by the management and relied on by
the auditors being a technical matter.
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
·
Bank of Baroda, A-5, Nehru Ground, N.I.T.,
Faridabad - 121001, Haryana, India ·
Kotak Mahindra Bank Limited, 15-16 Upper Ground
Floor, Ambadeep Building, 14, Kasturba Gandhi Marg, New Delhi - 110001, India ·
The Hongkong and Shanghai Banking Corporation
Limited, Birla Towers, 25 Barakhamba Road, New Delhi - 110001, India · Citibank N.A., Jeevan Bharti Building, 4th Floor, 124 Connaught Circus, Connaught Place, New Delhi - 110001, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rakesh Raj and Associates Chartered Accountants |
|
Address : |
B-565, Sector 7, Faridabad, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFR1998J |
|
|
|
|
Associated Company : |
·
Imperial Auto Nylon Tubing Limited
[U34300DL1997PLC084252] ·
Solar Glass Works Limited [U74899DL1974PLC007063] ·
S J Rubber Industries Limited
[U25199DL2010PLC207562] ·
Auto Ignition Limited [U34300DL1971PLC207710] |
|
|
|
|
Associated
Enterprise : |
·
Imperial Auto Industries ·
Ideal Auto Industries ·
S J Industries ·
S A Industries ·
Goodwell Industries ·
Santokh Industries |
|
|
|
|
Joint Venture : |
·
Tokai Imperial Rubber India Private Limited
[U25191DL2005PTC142682] ·
Imperial Martor Engine Tubes Private Limited
[U29299PN2008PTC131281] |
|
|
|
|
Wholly Owned
Subsidiary : |
IAI Industries Limited [U74899DL1995PLC069837] |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
69688125 |
Equity Shares |
Rs.10/- each |
Rs.696.881
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
Rs.10/- each |
Rs.750.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46458750 |
Equity Shares |
Rs.10/- each |
Rs.464.588 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 |
|
464.588 |
446.088 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
899.703 |
658.782 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1364.291 |
1104.870 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
2185.976 |
1773.586 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
2185.976 |
1773.586 |
|
|
DEFERRED TAX LIABILITIES |
|
33.516 |
33.624 |
|
|
|
|
|
|
|
|
TOTAL |
|
3583.783 |
2912.080 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1154.454 |
1067.079 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
177.160 |
123.400 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
1229.439
|
1053.611
|
|
|
Sundry Debtors |
|
1734.373
|
1269.785
|
|
|
Cash & Bank Balances |
|
106.378
|
96.641
|
|
|
Other Current Assets |
|
434.553
|
400.452
|
|
|
Loans & Advances |
|
113.729
|
135.405
|
|
Total
Current Assets |
|
3618.472
|
2955.894
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
1188.104
|
1029.658
|
|
|
Other Current Liabilities |
|
118.199
|
159.635
|
|
|
Provisions |
|
60.000
|
45.000
|
|
Total
Current Liabilities |
|
1366.303
|
1234.293
|
|
|
Net Current Assets |
|
2252.169
|
1721.601
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
3583.783 |
2912.080 |
|
NOTE: Balance Sheet Statement for the current year i.e. 2011-2012 is not
available, only Profit and Loss account is available.
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8700.738 |
6967.772 |
4930.980 |
|
|
|
Other Income |
29.564 |
66.287 |
108.266 |
|
|
|
TOTAL (A) |
8730.302 |
7034.059 |
5039.246 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
5956.410 |
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(27.248) |
39.655 |
4518.731 |
|
|
|
Employee related expenses |
413.985 |
338.024 |
|
|
|
|
Other Expenses |
1547.018 |
1317.487 |
|
|
|
|
Prior Period items |
6.773 |
2.564 |
|
|
|
|
TOTAL (B) |
7896.938 |
6359.168 |
4518.731 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
833.364 |
674.891 |
520.515 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
266.777 |
240.456 |
192.551 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
566.587 |
434.435 |
327.964 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
153.015 |
133.190 |
119.785 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
413.572 |
301.245 |
208.179 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
94.133 |
59.893 |
50.894 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
319.439 |
241.352 |
157.285 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
444.991 |
203.639 |
46.354 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
764.430 |
444.991 |
203.639 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
1113.080 |
954.454 |
|
|
TOTAL EARNINGS |
NA |
1113.080 |
954.454 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
1205.759 |
754.042 |
|
|
|
Capital Goods |
NA |
23.496 |
20.220 |
|
|
TOTAL IMPORTS |
NA |
1229.255 |
774.262 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.00 |
5.19 |
3.54 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.66
|
3.43 |
3.12
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.75
|
4.32 |
4.22
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
6.31 |
5.17
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.22 |
0.19
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
NA
|
1.60 |
1.61
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA
|
2.65 |
2.39
|
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 |
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 |
Yes |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
CONTINGENT
LIABILITIES:
(In
Euro)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
1) Capital contracts remaining to be executed |
15858 |
131371 |
|
2) Bank guarantee outstanding with third party |
40577 |
20512 |
|
3) Liabilities in respect of re-export of returned goods |
000 |
287295 |
|
4) Liabilities in respect letter of credit outstanding with the bank. |
1127743 |
563512 |
|
5) Liabilities in respect of pending labour court/ sales tax cases
(app.)* |
229077 |
30358 |
|
* The above
matters are subject to legal proceedings in the ordinary course of business. |
||
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10401299 |
28/06/2013 * |
171,000,000.00 |
Citibank N.A |
Jeevan Bharti Building, 4th Floor, 124 Connaught |
B80458656 |
|
2 |
10372229 |
28/06/2013 * |
250,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B80403462 |
|
3 |
10260503 |
05/07/2011 * |
400,000,000.00 |
DBS Bank LIMITED |
UPPER GROUND FLOOR, BIRLA TOWER, 25, BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA |
B17187444 |
|
4 |
10191291 |
28/06/2013 * |
122,900,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B80403611 |
|
5 |
10184125 |
14/06/2012 * |
380,000,000.00 |
INDUSIND BANK LIMITED |
GOPAL DAS BHAWAN, 28, BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA |
B44824993 |
|
6 |
10054724 |
05/07/2011 * |
495,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA HOUSE, 25, BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA |
B17488651 |
|
7 |
10043265 |
21/01/2011 * |
515,400,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA HOUSE, 25, BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA |
B06366926 |
|
8 |
10043267 |
13/07/2012 * |
515,400,000.00 |
The Hongkong and Shanghai Banking Corporation Limited |
Birla Towers, 25 Barakhamba Road, New Delhi, Delhi - 110001, INDIA |
B57334419 |
|
9 |
10034582 |
28/12/2006 |
50,000,000.00 |
Citibank NA |
Jeevan Vihar, 3 Sansad Marg, New Delhi, Delhi - 1 |
A09217373 |
|
10 |
10035195 |
28/06/2013 * |
200,000,000.00 |
Standard Chartered Bank |
23, NARAIN MANZIL, BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA |
B80403504 |
|
11 |
10037824 |
21/04/2007 * |
300,000,000.00 |
STANDARD CHARTERED BANK |
CREDIT RISK CONTROL, H-2, CONNAUGHT CIRCUS,, NEW |
A16711046 |
|
12 |
90063259 |
28/06/2013 * |
100,000,000.00 |
BANK OF INDIA |
SCF 8, DLF MARKET, SECTOR 11D, FARIDABAD, Haryana - 121006, INDIA |
B80403983 |
|
13 |
90063231 |
04/10/2004 * |
25,000,000.00 |
BANK OF INDIA |
N.I.T., FARIDABAD, Haryana, INDIA |
- |
|
14 |
90063207 |
04/10/2004 * |
50,000,000.00 |
BANK OF INDIA |
N.I.T., FARIDABAD, Haryana, INDIA |
- |
|
15 |
90062978 |
23/03/2004 * |
22,500,000.00 |
BANK OF INDIA |
2-A/6; B.F., N.I.T., FARIDABAD, Haryana, INDIA |
- |
|
16 |
90062970 |
28/06/2013 * |
505,000,000.00 |
Citibank N.A |
Jeevan Bharti Building, 4th Floor, 124 Connaught |
B80456510 |
|
17 |
90062968 |
04/10/2004 * |
3,000,000.00 |
BANK OF INDIA |
2-A/6; B.F., N.I.T., FARIDABAD, Haryana, INDIA |
- |
|
18 |
90062949 |
28/06/2013 * |
270,000,000.00 |
BANK OF BARODA |
A-5, NEHRU GROUND,, N.I.T., FARIDABAD, Haryana - 121001, INDIA |
B80076060 |
|
19 |
90062579 |
04/10/2004 * |
17,500,000.00 |
BANK OF INDIA |
2-A/6; B.F., N.I.T., FARIDABAD, Haryana, INDIA |
- |
|
20 |
90062307 |
04/10/2004 * |
6,000,000.00 |
BANK OF INDIA |
2-A/6; B.F., N.I.T., FARIDABAD, Haryana, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
·
Land and
Building
·
Furniture
and fittings
·
Machinery
·
Vehicles
·
Technical
know how
NEWS:
NEW IMPERIAL AUTO
MANUFACTURING UNIT AT CHAKAN
MARCH 26, 2011
Imperial Auto Industries, an auto component company and manufacturer of fluid transmission products, has set up a new manufacturing unit at Chakan.
The unit was inaugurated by Rajan Wadhera, chief executive, technology, product development and sourcing, Mahindra and Mahindra limited last week. Jagjit Singh, chairman, S B Sardana, managing director, Imperial Auto Industries were present on the occasion.
Speaking on the occasion, Rajan Wadhera, said, "The coming of Imperial Auto close to Chakan plant will not only help us in saving on the logistics and inventory carrying costs but will also facilitate better control over supply chain."
"We have been encouraging suppliers to be part of our supplier's park, have a satellite unit or have a plant in the vicinity of our Chakan plant. So far over a dozen suppliers have come to Pune of which six are part of our supplier's park, located within Chakan plant premises," he added.
Singh said, "This is our fourth plant in Pune and will strengthen our ties further. We have invested over Euro 3205128 in setting up the plant."
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.60.82 |
|
|
1 |
Rs.92.97 |
|
Euro |
1 |
Rs.80.73 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
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 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
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.