MIRA
INFORM REPORT
|
Report Date : |
30.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
NEOTERIC INFOMATIQUE LIMITED [w.e.f. 01.07.2000] |
|
|
|
|
Formerly Known
As : |
NEOTERIC INFOMATIQUE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. U0201, Floor – 2, Plot – 249, A Wing, Matulya Centre,
Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra |
|
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|
|
Country : |
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|
|
|
|
Financials (as
on) : |
30.06.2012 |
|
|
|
|
Date of
Incorporation : |
21.03.1997 |
|
|
|
|
Com. Reg. No.: |
11-106787 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 114.540 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007MH1997PLC106787 |
|
|
|
|
IEC No.: |
0397004281 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMN05580B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN3140K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Dealer and Distributor of Computer Peripherals, Scanners, Casting, Monitors, etc. |
|
|
|
|
No. of Employees
: |
750 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
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Payment Behaviour : |
Usually correct |
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|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. Management of the company has failed to file its financial for the
year 30th June, 2013 with the government department. There appears huge external borrowings recorded by the company. The
profit of the company also appears to be low during 2012. However, reserves
of the company appears to be satisfactory. 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.
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 term loan: “BBB-“ |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
08.04.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: “A3-“ |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
|
Date |
08.04.2013 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Manish Salve |
|
Designation : |
Accounts department |
|
Contact No.: |
91-22-40859616 |
|
Date : |
26.12.2013 |
LOCATIONS
|
Registered Office : |
Unit No. U0201, Floor – 2, Plot – 249, A Wing, Matulya Centre, Senapati
Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra |
|
Tel. No.: |
91-22-40859666 |
|
Fax No.: |
91-22-40859694 |
|
E-Mail : |
|
|
Website : |
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|
Location : |
Owned |
|
|
|
|
Service Centre: |
13, Kala Bhavan, 3rd Floor, 3, Mathew Road, Opera House, Mumbai-400004,
Maharashtra, India |
|
Tel No.: |
91-22-43119700 |
|
Email: |
|
|
|
|
|
Branch Office : |
A 23, 2nd Floor, Sivam Industries Estate, G D, Ambedkar Road,
Mumbai – 400031, Maharashtra, India Also Located At
:
|
DIRECTORS
As on: 31.12.2012
|
Name : |
Mr. Paras Shah |
|
Designation : |
Chairman |
|
Address : |
1402,
Rajul Apartment 9, Harkness Road, Mumbai -400006, Maharashtra, India |
|
Qualification : |
Computer Engineer from |
|
Date of Appointment : |
01.10.2002 |
|
PAN No.: |
AAFPS4053A |
|
DIN No. : |
00151509 |
|
|
|
|
Name : |
Mr. Harshad D.
Shah |
|
Designation : |
Non-Executive
Chairman |
|
Address : |
1402,
Rajul Apartment 9, Harkness Road, Mumbai -400006, Maharashtra, India |
|
Qualification : |
Intermediate |
|
Date of Appointment : |
01.10.2002 |
|
PAN No.: |
AAFPS1962G |
|
DIN No. : |
00151651 |
|
|
|
|
Name : |
Mr. Satya Prasan
Rajguru |
|
Designation : |
Non-Executive Director |
|
Address : |
6/11, Sarvapriya Vihar, New Delhi- 110 016, Delhi, India |
|
Qualification : |
Business and Law Graduate |
|
Date of Appointment : |
21.10.2005 |
|
PAN No.: |
ADCPR6639K |
|
DIN No. : |
00865254 |
|
|
|
|
Name : |
Mr. Ramswamy Srinivasan |
|
Designation : |
Non-Executive Director |
|
Address : |
B-703/704, Suresh Smruti,
Prathmesh Complex, Veera Desai Road, Andheri (West), Mumbai -400 053,
Maharashtra, India |
|
Qualification : |
MBA from XLRI and Doctoral Scholar
of BITS, Pilani, Rajasthan |
|
Date of Appointment : |
01.03.2006 |
|
PAN No.: |
AAIPR8416K |
|
DIN No. : |
02019206 |
|
|
|
|
Name : |
Mr. Jayant Rastogi |
|
Designation : |
Independent Director |
|
Address : |
Flat No. 1403, 14th
Floor, Greenwood, Hiranandani Estate, Pokhran GB Road, Thane (West) – 400
607, Maharashtra, India |
|
Qualification : |
B. E. (Mech.) from Government
Engineering College, Jabalpur (Madhya Pradesh) |
|
Date of Appointment : |
02.04.2008 |
|
DIN No. : |
02129608 |
|
|
|
|
Name : |
Mr. Hemant Nerurkar |
|
Designation : |
Independent Director |
|
Address : |
5, Swapan Lok Darshan, Military, Road,
Marol, Mumbai – 400059, |
|
Qualification : |
Master of Science in Electrical
Engineering from |
|
Date of Appointment : |
02.04.2008 |
|
DIN No. : |
00627401 |
KEY EXECUTIVES
|
Name : |
Mr. Manish Salve |
|
Designation : |
Accounts department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 31.12.2012
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 31.12.2012
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
7.90 |
|
Directors or relatives of directors |
|
91.77 |
|
Other top fifty shareholders |
|
0.33 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Dealer and Distributor of Computer Peripherals, Scanners, Casting, Monitors, etc. |
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Products: |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
750 (Approximately) |
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Bankers : |
Tel
No.: 91-22-22883102 |
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chaturvedi Sohan and Company Chartered Accountants |
|
Address : |
320, Tulsiani Chambers, Nariman Point, Mumbai-400021, Maharashtra,
India |
|
PAN No.: |
AABFC7158A |
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Holding company: |
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|
|
Associate: |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
As on: 31.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18000000 |
Equity Shares |
Rs.10/- each |
Rs. 180.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11454075 |
Equity Shares |
Rs.10/- each |
Rs. 114.540
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
30.06.2012 |
30.06.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
114.540 |
114.540 |
|
(b) Reserves & Surplus |
|
402.830 |
345.370 |
|
(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) |
|
517.370 |
459.910 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
0.000 |
0.700 |
|
(b) Deferred tax liabilities (Net) |
|
4.410 |
4.370 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
4.410 |
5.070 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
1824.470 |
1284.300 |
|
(b)
Trade payables |
|
873.160 |
787.990 |
|
(c) Other
current liabilities |
|
154.520 |
86.930 |
|
(d) Short-term
provisions |
|
15.780 |
25.050 |
|
Total Current
Liabilities (4) |
|
2867.930 |
2184.270 |
|
|
|
|
|
|
TOTAL |
|
3389.710 |
2649.250 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
38.710 |
27.600 |
|
(ii)
Intangible Assets |
|
0.000 |
1.310 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
16.720 |
11.720 |
|
(c) Deferred tax
assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
20.320 |
21.240 |
|
(e) Other
Non-current assets |
|
4.870 |
4.870 |
|
Total Non-Current
Assets |
|
80.620 |
66.740 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1500.780 |
1079.900 |
|
(c)
Trade receivables |
|
1478.080 |
1324.170 |
|
(d) Cash
and cash equivalents |
|
99.730 |
106.410 |
|
(e)
Short-term loans and advances |
|
115.960 |
45.890 |
|
(f)
Other current assets |
|
114.540 |
26.140 |
|
Total
Current Assets |
|
3309.090 |
2582.510 |
|
|
|
|
|
|
TOTAL |
|
3389.710 |
2649.250 |
|
SOURCES OF FUNDS |
|
|
30.06.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
104.541 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
188.661 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
293.202 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
433.805 |
|
|
2] Unsecured Loans |
|
|
149.961 |
|
|
TOTAL BORROWING |
|
|
583.766 |
|
|
DEFERRED TAX LIABILITIES |
|
|
4.504 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
881.472 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
26.881 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
3.360 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
879.014 |
|
|
Sundry Debtors |
|
|
1140.607 |
|
|
Cash & Bank Balances |
|
|
74.873 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
110.651 |
|
Total
Current Assets |
|
|
2205.145 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
661.560 |
|
|
Other Current Liabilities |
|
|
665.908 |
|
|
Provisions |
|
|
31.320 |
|
Total
Current Liabilities |
|
|
1358.788 |
|
|
Net Current Assets |
|
|
846.357 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
4.874 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
881.472 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.06.2012 |
30.06.2011 |
30.06.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
14513.170 |
11159.700 |
9952.025 |
|
|
|
Other Income |
(68.320) |
35.870 |
6.886 |
|
|
|
TOTAL (A) |
14444.850 |
11195.570 |
9958.911 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
14109.910 |
10802.750 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(420.880) |
(200.890) |
|
|
|
|
Employee benefit expense |
271.150 |
200.340 |
|
|
|
|
Other expenses |
186.160 |
147.730 |
|
|
|
|
Prior period items |
0.090 |
0.000 |
|
|
|
|
Exceptional items |
(6.100) |
0.000 |
|
|
|
|
TOTAL (B) |
14140.330 |
10949.930 |
9790.835 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
304.520 |
245.640 |
168.076 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
211.680 |
133.450 |
69.349 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
92.840 |
112.190 |
98.727 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.710 |
7.180 |
5.298 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
85.130 |
105.010 |
93.429 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
27.670 |
35.020 |
29.510 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
57.460 |
69.990 |
63.919 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
4558.920 |
4448.670 |
3606.310 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
57.46 |
69.99 |
5.47 |
|
KEY RATIOS
|
PARTICULARS |
|
30.06.2012 |
30.06.2011 |
30.06.2010 |
|
PAT / Total Income |
(%) |
0.40 |
0.62 |
0.64 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.59 |
0.95 |
0.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.52 |
3.98 |
4.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.22 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.52 |
2.80 |
1.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15 |
1.18 |
1.62 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT DETAILS
|
Particulars |
30.06.2012 |
30.06.2011 |
30.06.2010 |
|
|
|
|
|
|
Current maturities of long-term debt |
0.700 |
0.510 |
0.000 |
|
|
|
|
|
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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] |
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)
|
Particulars |
As on 30.06.2012 |
As on 30.06.2011 |
|
Short term
borrowings |
|
|
|
Other external commercial borrowings |
734.590 |
644.250 |
|
Working capital loans from banks |
51.340 |
51.240 |
|
Loans and advances from others |
75.010 |
41.700 |
|
Other loans and advances, others |
64.490 |
34.130 |
|
|
|
|
|
Total |
925.430 |
771.320 |
OPERATIONAL PERFORMANCE
During the year, the company has earned revenue from operations of Rs.14513.170 Millions as against Rs.11159.710 Millions in corresponding previous year. Profit after Tax (PAT) for the year ended June, 2012 was reduced from Rs. 69.990 Millions of previous year to Rs.57.620 Millions in current year.
NOTE:
The registered office of the company has been shifted from Unit No. 20-B, 2nd Floor, Shreeram Industrial Estate, 13, G.D.A.K. Road, Wadala, Mumbai-400031, Maharashtra, India to the present address w.e.f. 16.02.2008.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10382845 |
11/02/2013 * |
50,000,000.00 |
UNION BANK OFINDIA |
OPERA HOUSE BRANCH, TEJURA CHAMBERS, 365/367, V. P. ROAD, OPERA HOUSE, MUMBAI, MAHARASHTRA - 400004, INDIA |
B70447776 |
|
2 |
10353373 |
22/01/2013 * |
150,000,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B68249143 |
|
3 |
10192808 |
01/06/2011 * |
110,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B15261464 |
|
4 |
10098043 |
30/04/2013 * |
435,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B75010629 |
|
5 |
10084589 |
19/12/2007 |
50,000,000.00 |
UNION BANK OF INDIA |
OPERA HOUSE BRANCH, TEJURA CHAMBERS, 365-367, V.P. ROAD, OPERA HOUSE, MUMBAI, MAHARASHTRA - 400004, INDIA |
A31031529 |
|
6 |
10026595 |
02/05/2011 * |
310,000,000.00 |
STANDARD CHARTERED BANK |
90, M G ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B12624367 |
|
7 |
90144770 |
31/05/2008 * |
100,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A40760118 |
|
8 |
90144225 |
22/08/2013 * |
450,000,000.00 |
UNION BANK OFINDIA |
OPERA HOUSE BRANCH, TEJURA CHAMBERS, 365/367, V. P. ROAD, OPERA HOUSE, MUMBAI, MAHARASHTRA - 400004, INDIA |
B85006088 |
|
9 |
90146139 |
22/08/2007 * |
75,000,000.00 |
CITIBANK N. A. |
BANDRA - KURLA COMPLEX, BANDRA EAST, BANDRA EAST, |
A21892310 |
|
10 |
90142056 |
22/08/2013 * |
700,000,000.00 |
UNION BANK OFINDIA |
OPERA HOUSE BRANCH, TEJURA CHAMBERS, 365/ 367, V. P. ROAD, OPERA HOUSE, MUMBAI, MAHARASHTRA - 400004, INDIA |
B85001105 |
FIXED ASSETS:
- Plant and machinery
- Furniture and fixtures
- Vehicles
- 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. 62.06 |
|
|
1 |
Rs. 102.03 |
|
Euro |
1 |
Rs. 85.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
DPH |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
NO |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.