|
Report Date : |
26.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAMBAL LIMITED |
|
|
|
|
Registered
Office : |
Door No.20, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
29.02.1996 |
|
|
|
|
Com. Reg. No.: |
18-034671 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.128.807 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U35999TN1996PLC034671 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR4471L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The Subject is engaged in the business of precision turned engineering components. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 701000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The company has recorded losses from its operational activities during
the financial year 2013. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with great caution.
|
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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
Uptick in agriculture
and construction spread some cheer as the economy grew a higher-than-expected
4.8 % in the three months through September. Manufacturing rose an annual rate
per cent during the quarter and mining fell by 0.4 %, government data showed
while farm output rose 46%.
India has emerged as
the most attractive investment destination, thanks to a relaxation in foreign
direct investment norms, says a report. India is followed by Brazil and China
in the ranking part of EY’s Capital Confidence Barometer report based on a
survey across 70 nations. The US, France and Japan have emerged as the top
three investors likely to invest in India.
India has been
ranked 83rd globally in terms of talent competitiveness of its human
capital. Switzerland, Singapore, Denmark, Sweden and Luxembourg are the
top five in the list of 103 nations compiled by INSEAD business school.
Tax rates for
companies in India are among the highest in the world and the number of
payments is also more than the global average putting the country at low, 158th
rank on the Paying Taxes. 2014 list by the World Bank and PWC. However, the
time taken for tax payments is relatively less in India which is rated ahead of
China and Japan.
1 billion smartphone
shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost
computing in emerging markets. By 2017, total smartphone shipments are expected
to approach 1.7 billion units, resulting in a compound annual growth rate of
18.4 % between 2013 and 2017, according to research from IDC.
20 % vacancy rate of
office space in Mumbai and Delhi in the third quarter, the highest in Asia
after Chengdu, in China. According to Cushman and Wakefield, six Indian cities
are among the 10 office markets with the worst vacancies.
Foreign banks will
not have to pay stamp duty and capital gains tax, if they convert their branch
operations into a wholly owned subsidiary, according to the Reserve Bank of
India.
The Reserve Bank of
India is planning to launch CPI – indexed bonds aimed to protecting the savings
of retail investors from the impact the price rise by December end.
Central Bureau of
Investigation has booked State Bank of India, Deputy Managing Director Shyamal
Acharya and others in a graft case related to distribution of a loan of over Rs
4000 mn. Gold and jewellery worth Rs 6.7 mn have been recovered from the
residence of Acharya.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BB+ |
|
Rating Explanation |
Moderate degree at safety and moderate
credit risk |
|
Date |
17.12.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4+ |
|
Rating Explanation |
Minimal degree at safety and very high
credit risk. |
|
Date |
17.12.2013 |
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/ Seevaram
Division : |
Door No.20, Corporation Road, Seevaram, Perungudi, Off Old
Mahabalipuram Road, Chennai – 600096, Tamilnadu, India |
|
Tel. No.: |
91-44-24965991 / 92 / 93 |
|
Fax No.: |
91-44-42185990 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Thiruporur Division
: |
115, Edaiyankuppam Village, Thandalam Panchayat, Thiruporur – 603110, Tamilnadu, India |
|
Tel. No.: |
91-44-27446028 / 5234 |
|
Fax No.: |
91-44-27434572 |
|
|
DIRECTORS
As on 30.09.2013
|
Name : |
Thiagarajan Jayaraman |
|
Designation : |
Director |
|
Address : |
Plot No.606, 29th Cross Street, Indira Nagar, Adyar, Chennai - 600020, Chennai District, Tamilnadu, India |
|
Date of Birth/Age : |
05.10.1951 |
|
Date of Appointment : |
29.02.1996 |
|
DIN No.: |
00163823 |
|
PAN No.: |
AAFPJ8248J |
|
|
|
|
Name : |
Sridharan Anandanpillai Thirumalai |
|
Designation : |
Managing Director |
|
Address : |
No.23 VIII Main Road, Kasturibai Nagar, Adyar, Chennai – 600020,
Chennai, Tamilnadu, India |
|
Date of Birth/Age : |
26.06.1950 |
|
Date of Appointment : |
01.02.2011 |
|
DIN No.: |
00366587 |
|
PAN No.: |
AANPS2492M |
|
|
|
|
Name : |
Shreyas Rasiklal Mehta |
|
Designation : |
Director |
|
Address : |
No.9 Deerfield Lane, Scardale, New York 10583, United States of
America |
|
Date of Birth/Age : |
15.08.1955 |
|
Date of Appointment : |
30.12.2002 |
|
DIN No.: |
00495532 |
|
|
|
|
Name : |
Chandrasekar Rajagopal |
|
Designation : |
Director |
|
Address : |
A 3/3 Century Enclave, 54 Kalashethra Road, Thiruvanmiyur, Chennai
- 600041, Chennai District, Tamilnadu, India |
|
Date of Birth/Age : |
10.04.1937 |
|
Date of Appointment : |
31.12.2005 |
|
DIN No.: |
00661793 |
|
PAN No.: |
AABPC7251N |
|
|
|
|
Name : |
Rangaswamy Sundara Rajan |
|
Designation : |
Director |
|
Address : |
30/A Davis Road, Cooke Town, St. Thomas Town P.O. Bangalore
560084, Karnataka, India |
|
Date of Birth/Age : |
28.04.1948 |
|
Date of Appointment : |
20.12.2006 |
|
DIN No.: |
00498404 |
|
|
|
|
Name : |
Mr. Sandip B Shah |
|
Designation : |
Director |
|
Address : |
501 Embassy Orchid, No.38, 8th Main, RMV Extension, Bangalore -
560080, Karnataka, India |
|
Date of Birth/Age : |
02.12.1958 |
|
Date of Appointment : |
25.08.2010 |
|
DIN No.: |
00837081 |
|
|
|
|
Name : |
Venkatasubramanian Ramaswamy |
|
Designation : |
Whole-Time Director |
|
Address : |
Plot No.33, Bharani Colony, Saligramam, Chennai - 600093, Tamilnadu,
India |
|
Date of Birth/Age : |
06.04.1949 |
|
Date of Appointment : |
29.09.2012 |
|
DIN No.: |
00514922 |
|
PAN No.: |
AABPV1926D |
KEY EXECUTIVES
|
Name : |
N Venkataraghavan |
|
Designation : |
Secretary |
|
Address : |
Apartment No.N-905, Raj Lake View Apartments, 29th Main, BTM
Second Stage, Bangalore - 560076, Karnataka, India |
|
Date of Birth/Age : |
02.05.1936 |
|
Date of Appointment : |
26.11.2009 |
|
PAN No.: |
AADPV1960B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
T. Jayaraman (SI) |
|
838048 |
|
R. Lakshminarayanan |
|
100 |
|
A.S. Venkataraman |
|
100 |
|
K. Venkataraman |
|
30100 |
|
T.A. Sridhar |
|
1228418 |
|
Shanthi Rajmahadev |
|
100 |
|
V.S. Udayakumar |
|
100 |
|
Bhavani Thyagarajan (SI) |
|
4553982 |
|
R. Venkatasubramanian |
|
29752 |
|
Rambal Properties Private Limited, India |
|
2200000 |
|
SMA Professional Services Private Limited, India |
|
4000000 |
|
|
|
|
|
Total |
|
12880700 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
48.13 |
|
Directors or relatives of Directors |
16.27 |
|
Other top fifty shareholders |
35.60 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is engaged in the business of precision turned
engineering components. |
GENERAL INFORMATION
|
Customers : |
· Ashok Leyland · Brakes India · Delphi Automotive · Kalyani Brakes · Mahindra and Mahindra · Sundaram Fasteners · Suspa Pneumatics · Ucal Fuel Systems ·
MICO |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
Oriental Bank of Commerce, Overseas Branch, Padma Complex, 467, Anna Salai, Nandanam, Chennai - 600035, Tamilnadu, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors 1 : |
|
|
Name : |
CNGSN and Associates Chartered Accountant |
|
Address : |
"Agastyar Manor", New No.20 Old No.13, Raja Street, T. Nagar, Chennai – 600017, Tamilnadu, India |
|
PAN No.: |
AADFC5571B |
|
|
|
|
Auditors 2 : |
|
|
Name : |
K.S. Aiyar and Company Chartered Accountant |
|
Address : |
54/2 Paulwells Road, St. Thomas Mount, Chennai – 600016, Tamilnadu, India |
|
PAN No.: |
AAAFK6843P |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Shriram Engineering Products Private Limited CIN No.: U29256TN1988PTC016346 · Rambal Engineering Products Private Limited CIN No.: U35999TN1989PTC017687 · Rambal Properties Private Limited CIN No.: U51102TN1955PTC002246 · Rambal Engineering and Investments Private Limited CIN No.: U74210TN1987PTC014558 · Super Shock Absorbers Limited CIN No.: U34300TN1983PLC042243 · Shamani Management Services Private Limited CIN No.: U74140TN2009PTC074089 |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15250000 |
Equity Shares |
Rs.10/- each |
Rs.152.500 Millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12880700 |
Equity Shares |
Rs.10/- each |
Rs.128.807
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
128.807 |
128.807 |
128.807 |
|
(b) Reserves & Surplus |
46.599 |
65.739 |
65.271 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
175.406 |
194.546 |
194.078 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
96.742 |
94.297 |
123.671 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.010 |
0.010 |
0.084 |
|
(d) long-term provisions |
5.138 |
5.621 |
3.588 |
|
Total Non-current Liabilities (3) |
101.890 |
99.928 |
127.343 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
144.260 |
142.056 |
145.351 |
|
(b) Trade payables |
105.930 |
108.668 |
102.622 |
|
(c) Other current
liabilities |
73.215 |
50.113 |
37.887 |
|
(d) Short-term provisions |
2.700 |
4.629 |
3.196 |
|
Total Current Liabilities (4) |
326.105 |
305.466 |
289.056 |
|
|
|
|
|
|
TOTAL |
603.401 |
599.940 |
610.477 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
192.550 |
223.398 |
242.818 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.394 |
0.770 |
0.374 |
|
(d) Long-term Loan and Advances |
74.103 |
31.898 |
25.849 |
|
(e) Other Non-current assets |
0.000 |
3.389 |
3.389 |
|
Total Non-Current Assets |
267.047 |
259.455 |
272.430 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
71.790 |
102.258 |
91.135 |
|
(c) Trade receivables |
205.297 |
174.774 |
175.147 |
|
(d) Cash and cash
equivalents |
32.614 |
38.917 |
47.553 |
|
(e) Short-term loans and
advances |
26.653 |
24.536 |
24.212 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
336.354 |
340.485 |
338.047 |
|
|
|
|
|
|
TOTAL |
603.401 |
599.940 |
610.477 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
462.018 |
442.139 |
530.118 |
|
|
|
Other Income |
22.749 |
25.814 |
14.087 |
|
|
|
TOTAL (A) |
484.767 |
467.953 |
544.205 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
195.255 |
191.314 |
244.561 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
23.530 |
(3.641) |
(16.368) |
|
|
|
Employee benefit expense |
86.102 |
81.941 |
93.066 |
|
|
|
Other expenses |
136.337 |
124.533 |
149.441 |
|
|
|
Prior period items |
2.192 |
2.192 |
0.000 |
|
|
|
TOTAL (B) |
443.416 |
396.339 |
470.700 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
41.351 |
71.614 |
73.505 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
26.889 |
35.800 |
32.390 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.462 |
35.814 |
41.115 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
33.226 |
32.772 |
31.514 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(18.764) |
3.042 |
9.601 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.376 |
2.574 |
1.117 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(19.140) |
0.468 |
8.484 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Direct Exports on FOB basis |
331.495 |
281.750 |
284.239 |
|
|
|
Deemed Exports |
8.669 |
14.495 |
14.866 |
|
|
TOTAL EARNINGS |
340.164 |
296.245 |
299.105 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials, Components and Spares Parts |
9.263 |
11.314 |
8.082 |
|
|
TOTAL IMPORTS |
9.263 |
11.314 |
8.082 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(1.49) |
0.04 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.95
|
0.10 |
1.56 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(4.06)
|
0.69 |
1.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.11)
|
0.51 |
1.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.11)
|
0.02 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.37
|
1.21 |
1.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03
|
1.11 |
1.17 |
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 |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
|
LITIGATIONS DETAILS |
|
|
CHENNAI COURT CASE STATUS INFORMATION SYSTEM |
|
|
Case Status: |
Pending |
|
Status Of: |
TAX CASES |
|
Case No.: |
284 |
|
Year : |
2007 |
|
Petitioner : |
COMMISSIONER OF INCOME TAX |
|
Respondent : |
RAMBAL PVT LTD |
|
Pet's Advocate : |
M/S.PUSHYA SITARAMAN |
|
Res's Advocate : |
II BATTA WITH PETITION DU |
|
Category : |
NO CATEGORY MENTIONED |
|
|
Last Listed on: No Date Mentioned |
|
Case Updated on : |
Dec 14 2012 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans repayable on demand from others |
57.218 |
12.468 |
|
|
|
|
|
Total |
57.218 |
12.468 |
OPERATION
The Company registered a turnover of Rs.484.800 Millions as compared to Rs.468.000 Millions achieved during the previous year. The profit before tax has reduced to a loss of Rs.18.800 Millions corresponding to profit of Rs.3.042 Millions achieved during the previous year. This is mainly due to reduction in business in Seevaram Plant due to difficult market conditions and prolonged labour issues. The highlight of the year is performance of Thiruporur Plant showing a turnover of Rs.398.800 Millions as compared to Rs.322.200 Millions achieved during the previous year and profit before tax of Rs.36.700 Millions. Prospects for the current year continues to be good.
The Company’s manufacturing operations were being carried out from two places viz Thiruporur (near Chennai) and Seevaram, Chennai 600096. The Company is the absolute owner of the factory premises situated at Thiruporur. Whereas the factory premises situated at Seevaram was taken on lease rent. For over a long time the owner of the Seevaram premises have been requesting the Company to vacate and handover vacant possession. The Board of Directors had taken a decision to vacate the existing Seevaram premises. Accordingly the Company has identified a factory premises at Ambattur Industrial Estate with requisite power supply and has also entered into necessary agreement. Some of the operations have been shifted to the new premises and production has commenced. Due to certain practical difficulties partial operations are at present being carried out from existing Seevaram premises and shifting of entire operations to Ambattur premises is expected to be completed shortly.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
80017000 |
29/03/2012 * |
248,900,000.00 |
ORIENTAL BANK OF COMMERCE |
OVERSEAS BRANCH, PADMA COMPLEX, 467, ANNA SALAI, NANDANAM, CHENNAI, TAMILNADU - 600035, INDIA |
B37838760 |
|
2 |
80032302 |
14/10/2004 |
73,200,000.00 |
S HRIRAM TRANSPORT FINANCE COMPNY LIMITED |
123 ANGAPPA NAICKEN STREET, CHENNAI, TAMILNADU - |
- |
|
3 |
90293257 |
30/03/2005 * |
36,400,000.00 |
SHRIRAM INVESTMENTS LIMITED |
123; ANGAPPA NAICKEN STREET, CHENNAI, TAMILNADU - 600001, INDIA |
- |
|
4 |
90293927 |
20/07/2001 |
90,116,000.00 |
THE ASSESTANT COMMISSONER(C.T) |
THERUVANMIYUR ASSESSMENT CIRCLE, CHENNAI, TAMILNADU - 600041, INDIA |
- |
* Date of charge modification
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
·
Office Equipment
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.61.87 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.84.65 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
30 |
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.