1. Summary Information
|
Country |
India |
||
|
Company Name |
PROTOS ENGINEERING COMPANY PRIVATE LIMITED |
Principal Name 1 |
Mr. Nanak Gunendra Sheth |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Utsav Rasiklal Kapadia |
|
Registration # |
11-007221 |
||
|
Street Address |
Thakur Niwas, 173, J T Road, Churchgate, Mumbai – 400 020, Maharashtra |
||
|
Established Date |
28.06.1949 |
SIC Code |
-- |
|
Telephone# |
91-22-66287000 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-66287098 |
Business Style 2 |
Dealer |
|
Homepage |
Product Name 1 |
Diesel Engines |
|
|
# of employees |
Not available |
Product Name 2 |
Dynamos |
|
Paid up capital |
Rs.2,961,000/-
|
Product Name 3 |
Motors |
|
Shareholders |
Bodies
corporate 45.64%, Directors or relatives of directors 51.40%, Other top fifty shareholders 2.96% |
Banking |
HDFC Bank
Limited |
|
Public Limited Corp. |
No |
Business Period |
64 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
-- |
Harshadray Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
120,859,000 |
Current Liabilities |
17,507,000 |
|
Inventories |
5,818,000 |
Long-term Liabilities |
29,788,000 |
|
Fixed Assets |
78,534,000 |
Other Liabilities |
9,928,000 |
|
Deferred Assets |
000 |
Total Liabilities |
57,223,000 |
|
Invest& other Assets |
122,626,000 |
Retained Earnings |
267,653,000 |
|
|
|
Net Worth |
270,614,000 |
|
Total Assets |
327,837,000 |
Total Liab. & Equity |
327,837,000 |
|
Total Assets (Previous Year) |
306,254,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales/ Total Income |
NA |
Net Profit |
23,580,000 |
|
Sales(Previous yr)/ Total Income |
129,664,000 |
Net Profit(Prev.yr) |
4,646,000 |
MIRA INFORM REPORT
|
Report Date : |
19.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
PROTOS ENGINEERING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Thakur Niwas, 173, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.06.1949 |
|
|
|
|
Com. Reg. No.: |
11-007221 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.961
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29220MH1949PTC007221 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers, Repairers
and Dealers in Diesel Engines, Dynamos, Motors, Amatures, Magnetos,
Batteries, Conductors, Insulators, Transformers, Converters, Irons, Glass,
Pottery, Rubber, etc. |
|
|
|
|
No. of Employees
: |
Not available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1082000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Company
has achieved better growth in profit of 2012. Trade relations are reported as
fair. Business is active. Payment terms are usually correct. The company can be considered 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 – 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.
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 : |
Thakur Niwas, 173, J T Road, Churchgate, Mumbai – 400 020,
Maharashtra, India |
|
Tel. No.: |
91-22-66287000 / 22028134 /
22026848 / 22020365 / 22027286
/ 22020263 |
|
Fax No.: |
91-22-66287098 / 22021716 /
22028199 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located At: ·
·
Kolkata ·
Chennai |
DIRECTORS
AS ON 26.09.2012
|
Name : |
Mr. Nanak Gunendra Sheth |
|
Designation : |
Director |
|
Address : |
D-2 A/4, Vasant Vihar, Paschimi Marg, |
|
Date of Birth/Age : |
05.07.1941 |
|
Date of Appointment : |
30.06.1999 |
|
DIN No. : |
00034057 |
|
Election Commission Identity Card No.:
|
DL02010252570 |
|
|
|
|
Name : |
Mr. Utsav Rasiklal Kapadia |
|
Designation : |
Director |
|
Address : |
Flat No. 131, Mehr-Naz, Cuffe Parade Reclamation, Colaba, Mumbai – 400
005, Maharashtra, India |
|
Date of Birth/Age : |
06.03.1952 |
|
Date of Appointment : |
29.04.1998 |
|
DIN No. : |
00034154 |
|
Election Commission Identity Card No.:
|
MT04019051972 |
|
|
|
|
Name : |
Mr. Premal Narendra Kapadia |
|
Designation : |
Director |
|
Address : |
Flat No. 6, Haveli, 19 L D Ruparel Marg, Mumbai – 400 006,
Maharashtra, India |
|
Date of Birth/Age : |
05.06.1949 |
|
Date of Appointment : |
30.06.1999 |
|
DIN No. : |
00042090 |
|
Election Commission Identity Card No.:
|
MT04024096081 |
|
|
|
|
Name : |
Mr. Bejonji Dadi Engineer |
|
Designation : |
Director |
|
Address : |
Flat No. 4 (1st Floor), Shiv Shanti Bhuvan, M |
|
Date of Birth/Age : |
02.05.1933 |
|
Date of Appointment : |
30.09.1974 |
|
DIN No. : |
00047028 |
|
|
|
|
Name : |
Mr. Vinod Jamnadas Mehta |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No. 20-A, 4th Floor, Thakur Niwas, Co-Operative
Housing Society, 173, |
|
Date of Birth/Age : |
11.04.1932 |
|
Date of Appointment : |
29.01.2008 |
|
DIN No. : |
00087505 |
|
Election Commission Identity Card No.:
|
MH04024102891 |
|
|
|
|
Name : |
Mr. Aditya Premal Kapadia |
|
Designation : |
Whole Time Director |
|
Address : |
6, Haveli, 19, L A Ruparel Marg, Mumbai – 400 006, |
|
Date of Birth/Age : |
14.10.1973 |
|
Date of Appointment : |
18.10.2000 |
|
DIN No. : |
00087520 |
|
|
|
|
Name : |
Mr. Shishir Kisonlal Diwanji |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
23.10.1939 |
|
Date of Appointment : |
03.07.1987 |
|
DIN No. : |
00087529 |
|
Election Commission Identity Card No.:
|
MT04024042548 |
|
|
|
|
Name : |
Mr. Jaya Rama Shamby Mally |
|
Designation : |
Whole Time Director |
|
Address : |
3/62, Parag Society, C-9 Roop Nagar, Bandra (East), Mumbai – 400 051, |
|
Date of Birth/Age : |
05.06.1948 |
|
Date of Appointment : |
01.04.2006 |
|
DIN No. : |
00199463 |
|
Election Commission Identity Card No.:
|
MT08037163040 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Utsav Rasiklal Kapadia |
|
2818 |
|
Harshadray Private Limited, |
|
13514 |
|
Nirmal Harkishan Kapadia |
|
1334 |
|
Premal Narendra Kapadia |
|
2421 |
|
Rekha Harkishan Kapadia Jointly with Nini Kothar |
|
4295 |
|
Nini Yogesh Kothati Jointly with Rekha Kapadia |
|
723 |
|
Anandi Ramesh Vangal Jointly with Utsav Kapadia |
|
192 |
|
Mrinalini Raj Kochar |
|
302 |
|
Devika Chandrakant Shah |
|
394 |
|
Silloo Dadi Engineer |
|
24 |
|
Harcharan Gokalchand Das |
|
26 |
|
Raj Kesridas Kochar Jointly with Mrinalini Kochar |
|
130 |
|
Shefali Narendraa Kapadia |
|
1358 |
|
Bharat Ajay Kapadia |
|
1358 |
|
Utsav Rasiklal Kapadia Jointly with S.R. Kapadia |
|
524 |
|
Utsav Rasiklal Kapadia Jointly with Sushila Kapadia |
|
195 |
|
|
|
|
|
TOTAL
|
|
29608 |
AS ON 26.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
45.64 |
|
Directors
or relatives of directors |
|
51.40 |
|
Other
top fifty shareholders |
|
2.96 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers, Repairers
and Dealers in Diesel Engines, Dynamos, Motors, Amatures, Magnetos,
Batteries, Conductors, Insulators, Transformers, Converters, Irons, Glass,
Pottery, Rubber, etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
NOTES: Long Term Borrowings: (i) Term loan is
secured as under : - (a) By equitable
mortgage by deposit of title deed of Residential premises Rashmi Flat B-6.
The loan is repayable in 60 monthly installments commencing from February
2012. The loan carry interest of 13.75% p.a. (ii) Vehicle
loans are secured by hypothecation of vehicles under hire purchase agreement.
The loans is repayable in equated monthly installment and carry interest rate
between 10 to 13%. Short Term Borrowings: (i) Loans
repayable on demand is secured as under : (a)
Hypothecation of book debts and stocks and guaranteed by some of the
directors of the company. (b) By equitable
mortgage by deposit of title deed of Residential premises bearing unit 20A. (c) Rate of
Interest is 14.75% and repayable on demand. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Housing Development Finance Company Limited, Ramon House, Churchgate,
Mumbai-400020, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
12, |
|
Tel. No.: |
91-22-66679000 |
|
Fax No.: |
91-22-66679025 |
|
PAN No: |
AACGD4815A |
|
|
|
|
Holding Company : |
Harshadray Private Limited |
|
|
|
|
Associates : |
Sortimat Protos
Automation Private Limited |
|
|
|
|
Other Related Parties : |
Thysserkrupp Industries
India Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
29608 |
Equity Shares |
Rs.100/- each |
Rs.2.961 Millions |
|
470392 |
Unclassified Shares |
Rs.100/- each |
Rs.47.039 Millions |
|
|
TOTAL
|
|
Rs.50.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
29608 |
Equity Shares |
Rs.100/-
each |
Rs.2.961
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2.961 |
2.961 |
|
(b) Reserves & Surplus |
|
267.653 |
245.794 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
270.614 |
248.755 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
|
6.327 |
8.720 |
|
(b) Deferred tax
liabilities (Net) |
|
1.997 |
2.099 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
1.611 |
4.974 |
|
Total
Non-current Liabilities (3) |
|
9.935 |
15.793 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
23.461 |
16.181 |
|
(b)
Trade payables |
|
7.482 |
8.983 |
|
(c)
Other current liabilities |
|
10.025 |
8.213 |
|
(d)
Short-term provisions |
|
6.320 |
8.329 |
|
Total
Current Liabilities (4) |
|
47.288 |
41.706 |
|
|
|
|
|
|
TOTAL |
|
327.837 |
306.254 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
78.534 |
60.499 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b)
Non-current Investments |
|
116.426 |
145.662 |
|
(c)
Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
32.823 |
33.731 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
227.783 |
239.892 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
6.200 |
3.029 |
|
(b)
Inventories |
|
5.818 |
12.405 |
|
(c)
Trade receivables |
|
44.597 |
41.623 |
|
(d)
Cash and cash equivalents |
|
21.441 |
2.733 |
|
(e)
Short-term loans and advances |
|
21.877 |
6.567 |
|
(f)
Other current assets |
|
0.121 |
0.005 |
|
Total
Current Assets |
|
100.054 |
66.362 |
|
|
|
|
|
|
TOTAL |
|
327.837 |
306.254 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.961 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
242.883 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
245.844 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
14.157 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
14.157 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
260.001 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
60.911 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
159.392 |
|
|
DEFERREX TAX ASSETS |
|
|
1.749 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
9.430
|
|
|
Sundry Debtors |
|
|
31.149
|
|
|
Cash & Bank Balances |
|
|
6.700
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
33.324
|
|
Total
Current Assets |
|
|
80.603 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
23.087
|
|
|
Other Current Liabilities |
|
|
1.217
|
|
|
Provisions |
|
|
18.350
|
|
Total
Current Liabilities |
|
|
42.654 |
|
|
Net Current Assets |
|
|
42.654
|
|
|
|
|
|
37.949
|
|
|
MISCELLANEOUS EXPENSES |
|
|
|
|
|
|
|
|
0.000 |
|
|
TOTAL |
|
|
|
|
|
|
|
|
260.001 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
|
|
|
|
|
Other Income |
NA |
|
|
|
|
|
TOTAL |
NA |
129.664 |
129.162 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
116.212 |
118.257 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
30.332 |
13.452 |
10.905 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.752 |
8.032 |
8.784 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
23.580 |
5.420 |
2.121 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.956 |
(5.315) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
23.580 |
4.464 |
7.436 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
114.195 |
111.731 |
108.491 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.358 |
0.446 |
0.744 |
|
|
|
Proposed Dividend |
1.480 |
1.332 |
2.961 |
|
|
|
Corporate
Dividend Tax |
0.240 |
0.221 |
0.491 |
|
|
BALANCE CARRIED
TO THE B/S |
133.697 |
114.196 |
111.731 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Earnings |
57.503 |
46.113 |
39.908 |
|
|
|
Sale of Service |
3.063 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
60.566 |
46.113 |
39.908 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase of Traded Goods |
4.555 |
16.130 |
30.425 |
|
|
TOTAL IMPORTS |
4.555 |
16.130 |
30.425 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
796.41 |
150.77 |
251.15 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
3.58 |
5.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.15
|
3.37 |
1.50
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.02 |
0.01
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.11
|
0.10 |
0.23
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.12
|
1.59 |
1.89
|
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 |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10276490 |
02/01/2012 * |
15,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
B28728640 |
|
* Date of charge modification |
||||||
FIXED ASSETS:
- Freehold Land
- Buildings
- Equipments
- Furniture and Fittings
- Computers
- Vehicles
- Plant and Machinery
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.61.82 |
|
|
1 |
Rs.96.57 |
|
Euro |
1 |
Rs.82.45 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.