MIRA
INFORM REPORT
|
Report Date : |
17.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
UNITECH MACHINES LIMITED |
|
|
|
|
Registered
Office : |
806, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.02.1986 |
|
|
|
|
Com. Reg. No.: |
55-023498 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.300.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300DL1986PLC023498 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELU02048E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU0313P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Automobile Lighting and Signaling Equipments, Heavy Engineering Items and undertaking the Turnkey installation of Piping Systems, Fire Fighting Systems etc. |
|
|
|
|
No. of Employees
: |
Not Available |
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 6163000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a well-established and reputed company having a fine track
record. Management of the company has filed its financial for the year 2013
with the government department but same is not available with us. There appears slight dip in the profit during 2012. However, financial position of the company appears to be sound. Trade relations are decent. Payments are reported to be regular and as
per commitments. The company can be considered good 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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone
5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been
launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
FITCH |
|
Rating |
A- (Long Term Rating) |
|
Rating Explanation |
High credit quality. |
|
Date |
20.06.2012 |
|
Rating Agency Name |
FITCH |
|
Rating |
A2+ (Short Term Debt) |
|
Rating Explanation |
Good intrinsic capacity for timely payment
of financial commitment. |
|
Date |
20.06.2012 |
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.
LOCATIONS
|
Registered Office : |
806, Devika
Tower, 6 Nehru Place, New Delhi – 110019, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Plot No. 35 P, Sector-44, Gurgaon -
122002, Haryana, India |
|
Tel. No.: |
91-124-
4326555 / 4326444 |
|
Fax No.: |
91-124-4326500/326400
/ 4326400/ 4326500 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
10th K.
M., Delhi Road, Saharanpur – 247451, Uttar Pradesh, India |
|
Tel. No.: |
91-132-2760347 |
|
Fax No.: |
91-132-2760346 |
|
Area : |
4000 sq. mtrs |
|
Location : |
Owned |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Verinder Kumar Chhabra |
|
Designation : |
Director |
|
Address : |
60 Prakriti Marg, |
|
Date of Birth/Age : |
11.06.1949 |
|
Qualification : |
Diploma in Electrical Engineering |
|
Date of Appointment : |
28.02.1986 |
|
PAN No.: |
AADPC3635J |
|
Voter ID No.: |
YR12048882 |
|
DIN No.: |
00096937 |
|
|
|
|
Name : |
Mr. Sushant Chhabra |
|
Designation : |
Joint Managing Director |
|
Address : |
60 Prakriti Marg, |
|
Date of Birth/Age : |
26.06.1974 |
|
Date of Appointment : |
03.09.2004 |
|
PAN No.: |
ABOPC3487A |
|
Voter ID No.: |
YR12048890 |
|
DIN No.: |
00096771 |
|
|
|
|
Name : |
Mr. Jatinder Kumar Mehta |
|
Designation : |
Managing Director |
|
Address : |
C -762 , New Friends Colony, |
|
Date of Birth/Age : |
11.04.1949 |
|
Date of Appointment : |
12.10.1990 |
|
DIN No.: |
00028207 |
|
|
|
|
Name : |
Mr. Arvind Kapoor |
|
Designation : |
Director |
|
Address : |
181-C, |
|
Date of Birth/Age : |
05.07.1950 |
|
Date of Appointment : |
23.10.1987 |
|
DIN No.: |
00096308 |
|
|
|
|
Name : |
Mrs. Nargis Malik |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
03.03.1942 |
|
Date of Appointment : |
08.12.2000 |
|
DIN No.: |
00146661 |
|
|
|
|
Name : |
Mr. Shashank
Bhagat |
|
Designation : |
Director |
|
Address : |
9, Link Road, Jangpura Extension, New Delhi-110014, India |
|
Date of Birth/Age : |
08.12.1954 |
|
Date of Appointment : |
19.06.2007 |
|
DIN No.: |
00254309 |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh Ramnani |
|
Designation : |
Company Secretary |
|
Address : |
D-44, 2nd
Floor, Naraina Vihar, New Delhi-110008, |
|
Date of Birth/Age : |
15.08.1968 |
|
Date of Appointment : |
16.06.2008 |
|
PAN No.: |
AEQPR3433N |
|
Voter ID No.: |
SMM0890483 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Verinder Kumar Chhabra |
|
11962622 |
|
Sushant Chhabra |
|
12158550 |
|
Bala Chhabra |
|
1253168 |
|
SAB Holdings
(India) Private Limited, India |
|
4848930 |
|
Techno Auto Components (India) Private Limited, India |
|
1117245 |
|
Instronics Limited, India |
|
1971609 |
|
Gessup Logistics
and Finance Private Limited, India |
|
2642556 |
|
Jatender Kumar
Mehta |
|
1200 |
|
Mithlesh Kumar Agnihotri |
|
1200 |
|
Surendra Pal
Saini |
|
1200 |
|
Satish Kumar
Gupta |
|
1200 |
|
Suresh Shetty |
|
1200 |
|
Renu Munjal |
|
1200 |
|
|
|
|
|
Total |
|
35961880 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
Bodies corporate |
|
29.42 |
|
Directors or relatives of directors |
|
70.56 |
|
Other top fifty shareholders |
|
0.02 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Automobile Lighting and Signaling
Equipments, Heavy Engineering Items and undertaking the Turnkey installation
of Piping Systems, Fire Fighting Systems etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Bankers : |
· Corporation Bank, Corporate Banking Branch, H.T. House, 10Th Floor, K.G. Marg Connaught Place, New Delhi - 110001, India · HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India · ICICI Bank Limited, Land Mark Racecourse Circle, Alkapuri, Baroda - 390015, Gujarat, India · Standard Chartered Bank, Credit Risk Control, Narain Manzil, 23 Barakhamba Road, New Delhi - 110001, India ·
DBS Bank Limited, Upper Ground Floor, Birla
Tower, 25, Barakhamba Road, New Delhi - 110001, India |
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Wahi and Company Chartered Accountant |
|
Address : |
K-1, Kailash
Colony, New Delhi - 110048, India |
|
PAN No.: |
AAAFW0375N |
|
|
|
|
|
|
|
Associates : |
Unitech Indraprastha TV Limited CIN No.:- U92132DL2002PLC116746 Unitech Software Solutions Limited CIN No.:- U72200DL1998PLC096636 UM Infratel Private Limited CIN No.:- U72200DL2000PTC106890 Trading Engineers International Limited CIN No.:- U74899DL1972PLC108312 ESS Enn Auto Tech Private Limited CIN No.:- U35999DL2008PTC178973 Techno Auto Components (India) Private Limited CIN No.:- U74899DL1995PTC072548 Techno Trexim (India) Private Limited CIN No.:- U51909DL1996PTC075727 Good-Day Foods Limited CIN No.:- U15209DL2003PLC121231 Alpha Toyo Limited CIN No.:- U74899DL1978PLC093797 Sab Holding India Private Limited CIN No.:- U74899DL1994PTC061511 Nikko Auto Limited CIN No.:- U74899DL1983PLC093808 Gessup Logistics and Finance Private Limited CIN No.:- U51909DL1994PTC061886 Instronics Limited CIN No.:- U65993DL1984PLC017728 UM Solar Power Private Limited CIN No.:- U40106DL2010PTC206775 Bee Cee Logistic Private Limited CIN No.:- U60200DL2010PTC202344 |
|
|
|
|
Subsidiaries : |
·
Unitech Machines FZC ·
UM Ventures (Mauritius) Private Limited UM Green
Lighting Private Limited CIN No.:-
U31500DL2010PTC210780 UM Power Limited CIN No.:-
U40106DL2010PLC210042 Alpha Maier
Private Limited CIN No.:-
U35990DL2010PTC202385 UM Corporate and
Management Services Private Limited CIN No.:-
U74140DL2005PTC138859 Unitech Nohmi
Fire Protection System Private Limited CIN No.:-
U45200HR2008FTC037878 |
|
|
|
|
Joint Ventures : |
Magneti Marelli
UM Electronic Systems Private Limited CIN No.:-
U32204HR2008PTC046212 Unitech Nohmi Fire
Protection System Private Limited CIN No.:-
U45200HR2008FTC037878 |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35961880 |
Equity Shares |
Rs.10/- each |
Rs.359.619 Millions |
|
|
|
|
|
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
300.000 |
300.000 |
|
(b) Reserves & Surplus |
|
1040.999 |
920.688 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
200.000 |
200.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
1540.999 |
1420.688 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1373.831 |
1464.254 |
|
(b) Deferred tax liabilities (Net) |
|
196.019 |
159.098 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
16.440 |
16.560 |
|
Total Non-current
Liabilities (3) |
|
1586.290 |
1639.912 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
2243.008 |
1469.303 |
|
(b) Trade payables |
|
1615.049 |
1614.527 |
|
(c) Other current liabilities |
|
336.184 |
233.574 |
|
(d) Short-term provisions |
|
124.712 |
125.148 |
|
Total Current
Liabilities (4) |
|
4318.953 |
3442.552 |
|
|
|
|
|
|
TOTAL |
|
7446.242 |
6503.152 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2055.090 |
1758.427 |
|
(ii) Intangible Assets |
|
14.280 |
15.643 |
|
(iii) Capital work-in-progress |
|
94.508 |
163.857 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
320.894 |
228.236 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
736.993 |
704.275 |
|
Total Non-Current
Assets |
|
3221.765 |
2870.438 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1390.511 |
1347.239 |
|
(c) Trade receivables |
|
1891.590 |
1511.859 |
|
(d) Cash and cash equivalents |
|
126.643 |
146.000 |
|
(e) Short-term loans and advances |
|
481.667 |
366.767 |
|
(f) Other current assets |
|
334.066 |
260.849 |
|
Total Current
Assets |
|
4224.477 |
3632.714 |
|
|
|
|
|
|
TOTAL |
|
7446.242 |
6503.152 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
300.000 |
|
|
2] Share Application Money |
|
|
145.500 |
|
|
3] Reserves & Surplus |
|
|
810.275 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1255.775 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1779.987 |
|
|
2] Unsecured Loans |
|
|
381.639 |
|
|
TOTAL BORROWING |
|
|
2161.626 |
|
|
DEFERRED TAX LIABILITIES |
|
|
122.504 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3539.905 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1535.645 |
|
|
Capital work-in-progress |
|
|
57.543 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
143.889 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
586.738 |
|
|
Sundry Debtors |
|
|
1867.362 |
|
|
Cash & Bank Balances |
|
|
137.042 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
377.635 |
|
Total
Current Assets |
|
|
2968.777 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
1074.636 |
|
|
Provisions |
|
|
91.313 |
|
Total
Current Liabilities |
|
|
1165.949 |
|
|
Net Current Assets |
|
|
1802.828 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3539.905 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7579.048 |
6431.157 |
5663.777 |
|
|
|
Other Income |
20.395 |
63.475 |
15.185 |
|
|
|
TOTAL (A) |
7599.443 |
6494.632 |
5678.962 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
3775.513 |
3055.666 |
|
|
|
|
Purchases of stock-in-trade |
1221.794 |
1284.322 |
|
|
|
|
Employee benefit expense |
312.987 |
309.025 |
|
|
|
|
Other expenses |
1513.417 |
1300.833 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(139.186) |
(209.544) |
|
|
|
|
TOTAL (B) |
6684.525 |
5740.302 |
4860.830 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
914.918 |
754.330 |
818.132 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
598.607 |
413.618 |
311.491 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
316.311 |
340.712 |
506.641 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
158.240 |
137.282 |
108.415 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
158.071 |
203.430 |
398.226 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
37.132 |
37.241 |
122.488 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
120.939 |
166.189 |
275.738 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
23.545 |
142.987 |
187.198 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.03 |
5.54 |
9.25 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.59
|
2.56 |
4.86 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.09
|
3.16 |
7.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.25
|
3.33 |
8.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.14 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.35
|
2.06 |
1.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.98
|
1.06 |
2.55 |
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 |
Yes |
|
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 |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
31.03.2012 |
31.03.2011 |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans Repayable on Demand from Banks |
418.518 |
62.963 |
|
Loans Repayable on Demand from Others |
648.246 |
361.626 |
|
|
|
|
|
TOTAL |
1066.764 |
424.589 |
NOTE
The Registered office address of the company has been shifted from Oshu
House 344/3, Lado Sarai, New Delhi, Delhi, India to present address w.e.f.
01.02.2008
OPERATIONS
The Company achieved
total income (turnover) of Rs. 7599.443 Millions during the year ended 31st
March, 2012. The corresponding figure for the previous year was Rs. 6494.632
Millions reflecting an increase of 17.01% in the total income (turnover) over
the previous year figures.
The Company has
registered a decrease in the Profit after tax for the year from Rs. 166.189
Millions to Rs. 120.938 Millions reflecting a decline of 27.22% over previous
year’s profit. The Directors feel that this decrease in profit is temporary and
cyclic in nature and expects better results in future.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10450229 |
11/09/2013 |
75,000,000.00 |
CORPORATION BANK CORPORATE BANKING BRANCH |
H.T. HOUSE, 10 TH FLOOR, K.G. MARG CONNAUGHT PLACE, NEW DELHI, DELHI -
110001, INDIA |
B85450567 |
|
2 |
10450230 |
11/09/2013 |
150,000,000.00 |
CORPORATION BANK CORPORATE BANKING BRANCH |
H.T. HOUSE, 10 TH FLOOR, K.G. MARG CONNAUGHT PLACE, NEW DELHI, DELHI -
110001, INDIA |
B85450716 |
|
3 |
10436521 |
17/06/2013 |
3,202,288.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA
- 400013, INDIA |
B79475489 |
|
4 |
10420183 |
21/03/2013 |
4,704,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA
- 400013, INDIA |
B73321416 |
|
5 |
10410733 |
15/02/2013 |
3,080,448.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA
- 400013, INDIA |
B70420278 |
|
6 |
10374456 |
12/07/2012 |
350,000,000.00 |
Corporation Bank |
INDUSTRIAL FINANCE BRANCH, HINDUSTAN TIMES HOUSE, 10TH FLOOR, 18/20, K.G.
MARG, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
B57260358 |
|
7 |
10322603 |
28/05/2012 * |
400,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B40349482 |
|
8 |
10315414 |
10/10/2011 |
73,505,000.00 |
Hero FinCorp Limited |
34, COMMUNITY CENTRE, BASANT LOK, VASANT VIHAR, NEW DELHI, DELHI -
110057, INDIA |
B24437733 |
|
9 |
10268872 |
18/03/2011 * |
375,000,000.00 |
CORPORATION BANK INDUSTRIAL FINANCE BRANCH |
HINDUSTAN TIMES HOUSE, 10TH FLOOR, 18/20,K.G MARG, CONNAUGHT PLACE,
NEW DELHI, DELHI - 110001, IND |
B08994386 |
|
10 |
10268874 |
02/02/2011 |
200,000,000.00 |
CORPORATION BANK INDUSTRIAL FINANCE BRANCH |
HINDUSTAN TIMES HOUSE,10TH FLOOR, 18/20, K.G MARG, CONNAUGHT PLACE,
NEW DELHI, DELHI - 110001, INDIA |
B06306526 |
|
11 |
10269156 |
18/03/2011 * |
200,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD,
WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B09423609 |
|
12 |
10223441 |
13/05/2010 |
500,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, RELATIONSHIP MANAGER-IV, JAWAHAR VYAPAR
BHAWAN, 1, TOLSTOY MARG, NEW DELHI, DELHI - 110001, INDIA |
A87028502 |
|
13 |
10206933 |
24/03/2010 * |
821,575,000.00 |
STANDARD CHARTERED BANK |
CREDIT RISK CONTROL, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW
DELHI, DELHI - 110001, INDIA |
A82518200 |
|
14 |
10206932 |
15/02/2010 |
700,000,000.00 |
STANDARD CHARTERED BANK |
CREDIT RISK CONTROL, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW
DELHI, DELHI - 110001, INDIA |
A80785926 |
|
15 |
10191162 |
18/03/2011 * |
250,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
15-16, UGF, AMBADEEEP BUILDING, 14, K G MARG, NEW DELHI, DELHI -
110001, INDIA |
B09198128 |
|
16 |
10168757 |
04/01/2012 * |
250,000,000.00 |
INDUSIND BANK LTD. |
DR GOPAL DAS BHAVAN, 28 BARAKAMBA ROAD, NEW DELHI , DELHI -
110001, INDIA |
B30854327 |
|
17 |
10160583 |
27/06/2012 * |
4,250,000,000.00 |
CORPORATION BANK INDUSTRIAL FINANCE BRANCH |
HINDUSTAN TIMES HOUSE, 10TH FLOOR, 18/20, K.G. MARG, CONNAUGHT PLACE,
NEW DELHI, DELHI - 110001, INDIA |
B42844225 |
|
18 |
10157556 |
27/06/2012 * |
4,250,000,000.00 |
CORPORATION BANK INDUSTRIAL FINANCE BRANCH |
HINDUSTAN TIMES HOUSE, 10TH FLOOR, 18/20, K.G. MARG, CONNAUGHT PLACE,
NEW DELHI, DELHI - 110001, INDIA |
B42822080 |
|
19 |
10156916 |
05/06/2012 * |
4,250,000,000.00 |
CORPORATION BANK INDUSTRIAL FINANCE BRANCH |
HINDUSTAN TIMES, 10TH FLOOR, 18/20, K.G.MARG, CONNAUGHT PLACE, NEW
DELHI, DELHI - 110001, INDIA |
B42666578 |
|
20 |
10148527 |
26/02/2009 |
26,058,000.00 |
Small Industries Development Bank of India |
OKHLA BRANCH OFFICE, NTSC COMPLEX, OKHLA INDUSTRIAL AREA, NEW DELHI,
DELHI - 110020, INDIA |
A59169854 |
* Date of charge modification
FIXED ASSETS
·
Land and Development
·
Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Moulds and Dies
·
Office Equipments
·
Vehicles
·
Electrical Fittings
·
Cycle
·
Air Conditioner
·
Computers
·
Temporary Construction
·
Technical know-how
·
Computer 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.62.10 |
|
|
1 |
Rs.101.27 |
|
Euro |
1 |
Rs.85.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.