1. Summary Information
|
|
|
Country |
|
|
Company Name |
SIMMTRONICS SEMICONDUCTORS LIMITED |
Principal Name 1 |
MR. INDRAJIT SABHARWAL |
|
Status |
SATISFACTORY |
Principal Name 2 |
MS. BHAVANA SABHARWAL |
|
|
|
Registration # |
55-101692 |
|
Street Address |
SIMMTRONICS HOUSE, C-41, OKHLA INDUSTRIAL AREA, PHASE-I, NEW DELHI –
110 020, INDIA |
||
|
Established Date |
24.09.1999 |
SIC Code |
-- |
|
Telephone# |
91-11-40570300 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-11-40570310 |
Business Style 2 |
EXPORTER |
|
Homepage |
Product Name 1 |
MEMORY MODULES |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.21,556,000/- |
Product Name 3 |
-- |
|
Shareholders |
BODIES CORPORATE 7%,DIRECTORS OR RELATIVES OF DIRECTORS 93% |
Banking |
BANK OF |
|
Public Limited Corp. |
NO |
Business Period |
14 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (47) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
-- |
|
ASSOCIATES/SUBSIDIARIES |
UAE |
SIMMTRONICS SEMICONDUCTORS LIMITED, FZE |
|
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,266,204,000 |
Current Liabilities |
564,259,000 |
|
Inventories |
512,435,000 |
Long-term Liabilities |
763,468,000 |
|
Fixed Assets |
155,142,000 |
Other Liabilities |
127,269,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,454,996,000 |
|
Invest& other Assets |
47,633,000 |
Retained Earnings |
504,862,000 |
|
|
|
Net Worth |
526,418,000 |
|
Total Assets |
1,981,414,000 |
Total Liab. & Equity |
1,981,414,000 |
|
Total Assets (Previous Year) |
1,267,288,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
3,347,221,000 |
Net Profit |
161,880,000 |
|
Sales(Previous yr) |
2,043,481,000 |
Net Profit(Prev.yr) |
104,659,000 |
MIRA
INFORM REPORT
|
Report Date : |
26.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
SIMMTRONICS SEMICONDUCTORS LIMITED |
|
|
|
|
Formerly Known
As : |
SUPERCOM MEMORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Simmtronics House, C-41, Okhla Phase – I, New Delhi – 110 020 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
24.09.1999 |
|
|
|
|
Com. Reg. No.: |
55-101692 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.21.556 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL1999PLC101692 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS23725C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS9709G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Memory Modules. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Latest financials of 2013 is not available with us. As per of 2012, company performance appears to be satisfactory. Trade relations are reported as fair. Business is active. Payments are
reported to be 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) |
|
|
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 |
CARE |
|
Rating |
Long Term Bank Facilities=BBB- (Suspended) |
|
Rating Explanation |
Moderate credit quality and average credit
risk. |
|
Date |
20.09.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank facilities=A3 (Suspended) |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
20.09.2013 |
Reason for suspension – Company has not
furnished information required.
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 : |
Simmtronics House, C-41, Okhla Industrial Area, Phase-l, New Delhi –
110 020, India |
|
Tel. No.: |
91-11-40570300-12 |
|
Mobile No.: |
91-9811082060 (Mr. Indrajit Sabharwal) |
|
Fax No.: |
91-11-40570310/ 40570311/ 40570312 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
12000 Sq. ft. |
|
|
|
|
Factory 1 : |
Bhiwadi, |
|
Area : |
10000 Sq. ft. |
|
|
|
|
Factory 2 : |
Roorkee, Uttaranchal |
|
Area : |
40000 Sq. ft. |
|
|
|
|
Overseas office: |
Located at ·
·
UAE ·
·
·
Germany ·
Taiwan |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Indrajit Sabharwal |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-642,New Friends Colony, New Delhi-110065, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.12.1964 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Tech, MBA |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.09.1999 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00211237 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Bhavana Sabharwal |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-642,New Friends Colony, New Delhi-110065, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.06.1965 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Textile Designer |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.09.1999 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00211339 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Amogh Sabharwal |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-642, New Friends Colony, New Delhi-110 065, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.08.1988 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B .Tech, Study MBA |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.02.2007 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01286632 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Indrajit Sabharwal |
|
1371088 |
|
Bhavna Sabharwal |
|
380397 |
|
S. S. Sabharwal |
|
15280 |
|
Paras Info System (P) Limited, India |
|
129919 |
|
Amogh Sabharwal |
|
43558 |
|
Vijay Singh |
|
100 |
|
Ajay Sharma |
|
100 |
|
Arif Khan |
|
100 |
|
Sanil Kumar |
|
100 |
|
|
|
|
|
Total |
|
1940642 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2011
|
Category |
Percentage |
|
Bodies corporate |
7.00 |
|
Directors or relatives of Directors |
93.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Memory Modules. |
|
|
|
|
Products : |
·
Computers ·
Memory ·
Modules (RAM) |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
IDBI Bank Limited, Indian Red Cross Society
Building, 1, Red Cross Road, New Delhi – 110 001, India ·
State Bank of India, Commercial Branch, M-47,
Connaught Circus, New Delhi – 110 001, India ·
Indian Overseas Bank, 1-C/47-48, N.I.T.,
Faridabad – 121 001, Haryana, India ·
Bank of Baroda, Defence Colony, New Delhi –
110 024, India ·
Bank of India, Commercial Branch, M-47,
Connaught Circus, New Delhi – 110 001, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A Sharma and Company Chartered Accountants |
|
Address : |
A-471-418, Somdutt Chambers-1, 5 Bhikaji Cama Place, New Delhi – 110
066, India |
|
PAN No.: |
AAAFA5860A |
|
|
|
|
Associates : |
Simmtronics Memories India
Private Limited |
|
|
|
|
Subsidiaries : |
Simmtronics Semiconductors Pte Limited 01 Genting Link ,# 07-05, Perfect Industrial Building,
Singapore-349518 Phone: +65 6842-7127 Fax : +65 6842-7750 Email: apac@simmtronics.com USA Simmtronics USA Inc. Phone: +1 408 727 7230 Email: is@simmtronics.com UAE Simmtronics Semiconductors Limited, FZE 6W-'A' WING, G05, Phone: +971 4 2146007/8/9/10 Fax: +971 4 2146011 Email: dubai@simmtronics.com INDIA Sammi Electronics (India) Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2155576 |
Equity Shares |
Rs. 10/- each |
Rs.21.556 Millions |
|
|
|
|
|
AFTER 31.03.2012
Authorised Capital : Rs.50.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.23.290
Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
21.556 |
19.406 |
|
(b) Reserves & Surplus |
|
504.862 |
290.495 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
20.370 |
|
Total
Shareholders’ Funds (1) + (2) |
|
526.418 |
330.271 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
67.092 |
86.881 |
|
(b) Deferred tax liabilities (Net) |
|
3.412 |
5.703 |
|
(c) Other long term liabilities |
|
0.260 |
0.000 |
|
(d) long-term provisions |
|
2.187 |
1.451 |
|
Total Non-current Liabilities (3) |
|
72.951 |
94.035 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
696.376 |
456.352 |
|
(b) Trade payables |
|
473.835 |
267.572 |
|
(c) Other current liabilities |
|
123.597 |
72.118 |
|
(d) Short-term provisions |
|
88.237 |
46.940 |
|
Total Current Liabilities (4) |
|
1382.045 |
842.982 |
|
|
|
|
|
|
TOTAL |
|
1981.414 |
1267.288 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
151.371 |
160.260 |
|
(ii) Intangible Assets |
|
0.105 |
0.208 |
|
(iii) Capital
work-in-progress |
|
3.666 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
47.633 |
14.591 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
21.539 |
7.918 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
224.314 |
182.977 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
512.435 |
354.526 |
|
(c) Trade receivables |
|
914.549 |
588.648 |
|
(d) Cash and cash equivalents |
|
74.348 |
57.593 |
|
(e) Short-term loans and
advances |
|
143.229 |
46.592 |
|
(f) Other current assets |
|
112.539 |
36.952 |
|
Total Current Assets |
|
1757.100 |
1084.311 |
|
|
|
|
|
|
TOTAL |
|
1981.414 |
1267.288 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
19.406 |
|
|
2] Share Application Money |
|
|
20.370 |
|
|
3] Reserves & Surplus |
|
|
290.495 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
330.271 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
567.800 |
|
|
2] Unsecured Loans |
|
|
4.714 |
|
|
TOTAL BORROWING |
|
|
572.514 |
|
|
DEFERRED TAX LIABILITIES |
|
|
5.703 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
908.488 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
160.469 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
14.591 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
354.526 |
|
|
Sundry Debtors |
|
|
588.648 |
|
|
Cash & Bank Balances |
|
|
60.497 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
88.557 |
|
Total
Current Assets |
|
|
1092.228 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
310.410 |
|
|
Provisions |
|
|
48.390 |
|
Total
Current Liabilities |
|
|
358.800 |
|
|
Net Current Assets |
|
|
733.428 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
908.488 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3347.221 |
2043.481 |
827.027 |
|
|
|
Other Income |
4.322 |
2.276 |
5.211 |
|
|
|
TOTAL (A) |
3351.543 |
2045.757 |
832.238 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2956.200 |
813.767 |
|
|
|
|
Purchase of Stock-in-trade |
148.988 |
1085.166 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(181.328) |
(154.017) |
|
|
|
|
Employee Benefits Expenses |
61.196 |
42.914 |
|
|
|
|
Other Expenses |
84.881 |
65.345 |
|
|
|
|
Prior Period Items |
0.071 |
0.026 |
|
|
|
|
TOTAL (B) |
3070.008 |
1853.201 |
730.458 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
281.535 |
192.556 |
101.780 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
56.103 |
40.379 |
28.883 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
225.432 |
152.177 |
72.897 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
20.274 |
21.152 |
15.154 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
205.158 |
131.025 |
57.743 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
43.278 |
26.366 |
11.392 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
161.880 |
104.659 |
46.351 |
|
|
|
|
|
|
|
|
|
|
TOTAL EARNINGS |
222.640 |
158.486 |
81.700 |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
328.404 |
182.881 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
75.10 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.83
|
5.12 |
5.57 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.13
|
6.41 |
6.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.75
|
10.53 |
4.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39
|
0.40 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.45
|
1.64 |
1.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27
|
1.29 |
3.04 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10385520 |
14/09/2012 |
655,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, M-47, CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
B61730925 |
|
2 |
10369952 |
17/06/2013 * |
1,870,000,000.00 |
INDIAN OVERSEAS BANK |
1-C/47-48, N.I.T., FARIDABAD, HARYANA - 121001, INDIA |
B81452773 |
|
3 |
10364651 |
17/05/2012 |
200,000,000.00 |
BANK OF MAHARASHTRA |
A-13, RING ROAD, SOUTH EXTENTION PART-1, NEW DELHI, DELHI - 110049, INDIA |
B43256528 |
|
4 |
10331958 |
09/04/2012 * |
140,000,000.00 |
IDBI BANK LIMITED |
INDIAN RED CROSS SOCIETY BUILDING, 1, RED CROSS ROAD, NEW DELHI, DELHI - 110001, INDIA |
B41730888 |
|
5 |
10306316 |
11/06/2013 * |
1,870,000,000.00 |
STATE BANK OF INDIA-LEAD BANK |
COMMERCIAL BRANCH, M-47, CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
B79291126 |
|
6 |
10264922 |
16/02/2011 * |
446,500,000.00 |
INDIAN OVERSEAS BANK |
1-C/47-48, N.I.T., FARIDABAD, HARYANA - 121001, INDIA |
B07698392 |
|
7 |
10262161 |
25/11/2010 |
100,000,000.00 |
BANK OF BARODA |
DEFENCE COLONY, NEW DELHI, DELHI - 110024, INDIA |
B03461399 |
|
8 |
10237135 |
27/07/2010 |
38,250,000.00 |
SBI GLOBAL FACTORS LIMITED |
6TH FLOOR,
METROPOLITAN BUILDING, BANDRA-KURLA, C |
A93705911 |
|
9 |
10225613 |
25/06/2010 |
250,000,000.00 |
IDBI BANK LIMITED |
INDIAN RED CROSS SOCIETY BUILDING, 1-RED CROSS ROAD, NEW DELHI, DELHI - 110001, INDIA |
A88059837 |
|
10 |
90048896 |
09/02/2002 |
1,000,000.00 |
BANK OF INDIA |
NEW FRIENDS COLONY BRANCH, NEW DELHI, DELHI, INDIA |
- |
* Date of charge modification
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 records 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 : |
NKT |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
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 |
|
47 |
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.