|
Report Date : |
06.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (w.e.f.
25.03.2008) |
|
|
|
|
Formerly Known
As : |
ADITYA BIRLA MANAGEMENT CORPORATION LIMITED |
|
|
|
|
Registered
Office : |
C-1, Aditya Birla Centre, S. K. Ahire Marg, Worli, Mumbai - 400030,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
16.02.1999 |
|
|
|
|
Com. Reg. No.: |
11-118379 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. Nil |
|
|
|
|
CIN No.: [Company Identification
No.] |
U73100MH1999PTC118379 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB08159E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB9318D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
To Provide Common Corporate Facilities to Members. |
|
|
|
|
No. of Employees
: |
Information declined by management |
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The subject provides common corporate facilities to its member
companies. The group companies are going through some difficulties and ‘Birla
Power Solutions’ is reported to have defaulted on payments. However, trade relations of the subject are reported as fair. Payment
terms are slow but correct. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 DENIED
Management Non Co-Operative (91-22-66525000)
LOCATIONS
|
Registered Office : |
C-1, Aditya Birla Centre, S. K. Ahire Marg, Worli, Mumbai - 400030,
Maharashtra, India |
|
Tel. No.: |
91-22-66525000/ 24995000 |
|
Fax No.: |
91-22-66525740/ 24995740 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 27.05.2011
|
Name : |
Mr. Kumar Mangalam Birla |
|
Designation : |
Director |
|
Address : |
Mangal Adityayan, 20, Carmichael Road, Mumbai - 400 026, Maharashtra,
India |
|
Date of Birth/Age : |
14.06.1967 |
|
Date of Appointment : |
15.06.1999 |
|
DIN No.: |
00012813 |
|
|
|
|
Name : |
Mr. Santrupt Misra |
|
Designation : |
Director |
|
Address : |
3101, 31- Zahara Tower, Dr. E. Moses Road, Worli, Mumbai – 400018,
Maharashtra, India |
|
Date of Birth/Age : |
15.08.1965 |
|
Date of Appointment : |
01.01.2002 |
|
DIN No.: |
00013625 |
|
|
|
|
Name : |
Mr. Krishna Kishore Maheshwari |
|
Designation : |
Director |
|
Address : |
Chitrakoot Co.Operative Housing Society Limited, Flat No.22, Altamount
Road, Mumbai - 400 026, Maharashtra, India |
|
Date of Birth/Age : |
01.03.1955 |
|
Date of Appointment : |
29.08.2006 |
|
DIN No.: |
00017572 |
|
|
|
|
Name : |
Mr. Rakesh Jain |
|
Designation : |
Director |
|
Address : |
801, The Residency, Union Park Road, Khar (West), Mumbai - 400 052, Maharashtra,
India |
|
Date of Birth/Age : |
19.01.1961 |
|
Date of Appointment : |
22.06.2010 |
|
DIN No.: |
00020425 |
|
|
|
|
Name : |
Mr. Rajiv Dube |
|
Designation : |
Director |
|
Address : |
B - 2601, Bellissimo, N.M. Joshi Marg, Mahalaxmi, Mumbai - 400 011,
Maharashtra, India |
|
Date of Birth/Age : |
04.02.1962 |
|
Date of Appointment : |
27.05.2011 |
|
DIN No.: |
00021796 |
|
|
|
|
Name : |
Mr. Debnarayan Shankripada Bhattacharya |
|
Designation : |
Director |
|
Address : |
Navroz Apartments, 13th Floor, 35, Bhulabhai Desai, Mumbai
- 400 026, Maharashtra, India |
|
Date of Birth/Age : |
13.9.1948 |
|
Date of Appointment : |
15.06.1999 |
|
DIN No.: |
00033553 |
|
|
|
|
Name : |
Mr. Omprakash Puranmalka |
|
Designation : |
Additional director |
|
Address : |
701/702, Vimal Residency 7th Floor, 10th Road,
Khar (West), Mumbai - 400 052, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1952 |
|
Date of Appointment : |
04.06.2012 |
|
DIN No.: |
00062212 |
|
|
|
|
Name : |
Mr. Ajay Srinivasan |
|
Designation : |
Director |
|
Address : |
91/101, Narain Terraces, 7th and 8th Floor,
Union Park Road, Pali Hill, Bandra (West), Mumbai - 400 050, Maharashtra,
India |
|
Date of Birth/Age : |
02.11.1963 |
|
Date of Appointment : |
30.08.2007 |
|
DIN No.: |
00121181 |
|
|
|
|
Name : |
Mr. Pranab Barua |
|
Designation : |
Additional director |
|
Address : |
D-1, Cedar Crest, 258, 10th Main, 1st Cross, Defence Colony,
Indira Nagar, Bangalore - 560 038, Karnataka, India |
|
Date of Birth/Age : |
21.09.1952 |
|
Date of Appointment : |
04.06.2012 |
|
DIN No.: |
00230152 |
BUSINESS DETAILS
|
Line of Business : |
To Provide Common Corporate Facilities to Members. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
|
|
|
|
Bankers : |
Not Divulged |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Suresh Surana and Associates Chartered Accountants |
|
Address : |
310, Ahura Centre, 82, Mahakali Caves Road, Mumbai – 400093,
Maharashtra, India |
|
PAN No.: |
AAQFS7647M |
CAPITAL STRUCTURE
Rs. Nil
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.000 |
0.000 |
0.000 |
|
(b) Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
1417.102 |
1414.609 |
1121.191 |
|
(d) long-term provisions |
218.157 |
172.277 |
145.328 |
|
Total Non-current
Liabilities (3) |
1635.259 |
1586.886 |
1266.519 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
185.050 |
192.636 |
256.370 |
|
(c) Other current liabilities |
99.029 |
76.804 |
125.619 |
|
(d) Short-term provisions |
52.369 |
77.282 |
61.529 |
|
Total Current
Liabilities (4) |
336.448 |
346.722 |
443.518 |
|
|
|
|
|
|
TOTAL |
1971.707 |
1933.608 |
1710.037 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
459.444 |
463.185 |
424.205 |
|
(ii) Intangible Assets |
25.670 |
19.832 |
21.155 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
493.881 |
524.404 |
242.997 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
978.995 |
1007.421 |
688.357 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
532.122 |
464.539 |
545.627 |
|
(d) Cash and cash equivalents |
22.022 |
29.369 |
44.273 |
|
(e) Short-term loans and advances |
438.568 |
432.279 |
431.780 |
|
(f) Other current assets |
0.000 |
0.000 |
0000 |
|
Total Current
Assets |
992.712 |
926.187 |
1021.680 |
|
|
|
|
|
|
TOTAL |
1971.707 |
1933.608 |
1710.037 |
STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2013
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
Revenue |
|
0.000 |
0.000 |
|
|
Total |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Expenditure
incurred by / for members |
|
|
|
|
|
Employee benefits expense |
|
2809.301 |
2541.712 |
|
|
Depreciation and amortization expense |
|
48.182 |
43.210 |
|
|
Other expenses |
|
1680.698 |
1465.494 |
|
|
Total |
|
4538.181 |
4050.416 |
|
|
|
|
|
|
|
|
Less : |
|
|
|
|
|
Recovery from members |
|
4533.691 |
4043.510 |
|
|
Other income |
|
4.490 |
6.906 |
|
|
Total |
|
4538.181 |
4050.416 |
|
|
|
|
|
|
|
|
Surplus (deficit)
for the year |
|
0.000 |
0.000 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.95 |
2.67 |
2.30 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
(Rs.
In Millions)
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Sundry Creditors
|
|
|
|
|
Total outstanding dues of micro and small enterprises |
0.079 |
0.076 |
0.000 |
|
Total outstanding dues of trade payables other than micro and small enterprises |
184.971 |
192.560 |
256.370 |
|
|
|
|
|
|
Total |
185.050 |
192.636 |
256.370 |
|
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 two 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 |
No |
|
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 |
No |
|
24] |
Banking facility details |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
CORPORATE INFORMATION
Subject is a Company limited by guarantee incorporated in India under the Companies Act, 1956. The main object of the Company is to provide a common pool of facilities and resources to its members, with a view to optimize the benefits of specialization and minimize the cost for each member. During the year, the Company has established a "Representative office" in Shanghai, China and the expenditures incurred at the said office has been incorporated in the books of the Company.
FIXED ASSETS
Tangible Assets
Intangible Assets
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 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.60.34 |
|
|
1 |
Rs.90.79 |
|
Euro |
1 |
Rs.77.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--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.