|
Report Date : |
14.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL POWERSOURCE (INDIA) PRIVATE LIMITED (w.e.f.11.09.2008) |
|
|
|
|
Formerly Known
As : |
FIAMM GLOBAL (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-10, Satyam Shopping Centre, M.G. Road, Ghatkopar (East), Mumbai –
400077, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
04.08.2006 |
|
|
|
|
Com. Reg. No.: |
11-163562 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.50.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140MH2006PTC163562 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMF04740B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF9963C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader,
Importer and Distributor of UPS and Batteries. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 544000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of Vinit Impex, a proprietary concern started
in the year 1989. It got converted into Private Limited during the year 04.08.2006
with the name of Global Powersource (India) Private Limited. It is having a moderate track record. External borrowings of the company appear to be huge. There appears dip in the profit and sales turnover of the company
during the financial year 2012. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealings with some
cautions. Note: The Latest financial
for the year 2013 is not available with us. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : BB+ |
|
Rating Explanation |
Moderate risk of default and high credit
risk. |
|
Date |
May 06, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
May 06, 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. Sahil Kumar |
|
Designation : |
General Finance Manager |
|
Contact No.: |
91-9320640646 |
|
Date : |
13.11.2013 |
LOCATIONS
|
Registered Office : |
C-10, Satyam Shopping Centre, M.G. Road, Ghatkopar (East), Mumbai –
400077, Maharashtra, India |
|
Tel. No.: |
91-22-25110646/ 40460646 |
|
Mobile No.: |
91-9320640646 (Mr. Sahil Kumar) |
|
Fax No.: |
91-22-25111042/ 21021042 |
|
E-Mail : |
|
|
Website: |
|
|
Area: |
3000 sq. ft. |
|
Location: |
Owned |
|
|
|
|
Warehouse: |
B S 67, Mitali Commercial Complex, Rehnal Village, Anjur Phata,
Bhiwandi, Thane, Maharashtra,
India |
|
Area: |
10000 sq. ft. |
|
Location: |
Owned |
|
|
|
|
Branch Offices : |
Located at: ·
Delhi ·
Kolkata ·
Ahmedabad ·
Bangalore ·
Lucknow ·
Patna ·
Pune ·
Chennai ·
Chandigarh ·
Bhubaneshwar ·
Vapi ·
Guwahati ·
Jaipur ·
Karnal ·
Gurgaon ·
Secunderabad |
|
|
|
|
Special Economic Zonal Office 1 : |
Unit No.97, Plot No.294, Surat Special Economic, Sachin, Surat -
394230, Gujarat, India |
|
|
|
|
Special Economic Zonal Office 2 : |
Plot No.43/A/SDF, 1st Floor, 'D' Block, Cochin SEZ
Kakkaned, Cochin - 682037, Kerala, India |
|
Tel. No.: |
91-484-2413369 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Dipak Dhirajlal Gandhi |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
405, Sahyadri, Neelkanth Valley, Ghatkopar (East), Mumbai – 400087,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.08.1955 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
04.08.2006 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AABPG7719F |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00004313 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ashwin Kisandas Parekh |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Wing A, Flat No.201, 2nd Floor, Nityanand Krupa, M G Raod,
Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.07.1956 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.11.2011 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
05117212 |
||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sahil Kumar |
|
Designation : |
General Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Dipak Dhirajlal Gandhi |
|
2550000 |
|
Dipak Dhirajlal Gandhi HUF |
|
2437500 |
|
Varsha Gandhi |
|
12500 |
|
|
|
|
|
Total |
|
5000000 |
AS ON 31.03.2013
|
Names of Allottees |
|
No. of Shares |
|
Dipak Dhirajlal Gandhi |
|
3000000 |
|
|
|
|
|
Total |
|
3000000 |
AS ON 29.09.2012
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader,
Importer and Distributor of UPS and Batteries. |
|
|
|
|
Imports : |
|
|
Products : |
Batteries |
|
Countries : |
· Korea |
|
|
|
|
Terms : |
|
|
Selling : |
Open Credit . |
|
|
|
|
Purchasing : |
L/C, DA and DP |
GENERAL INFORMATION
|
Suppliers : |
Vietnam Center Power Technology Company Limited, Hong Kong |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers and OEM’s · Silvex Exports Private Limited, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
250 (Approximately) |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
· Union Bank of India, Silver Court, M G Road, Ghatkopar, Mumbai - 400077, Maharashtra, India · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India · Abu Dhabi Commercial Bank Limited, 75, Rehmat Manzil, Veer Nariman Road, Churchgate, Mumbai - 400020, Maharashtra, India · Standard Chartered Bank, SME Credit, 23-25, M G Road, Fort, Mumbai - 400001, Maharashtra, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nitin Pota and Associates Chartered Accountants |
|
Address : |
D-204, Kailas Esplanade, L.B.S. Road, Ghatkopar (West), Mumbai – 400
086, Maharashtra, India |
|
Tel No.: |
91-22-25000590/ 25005087 |
|
Fax No.: |
91-22-25005087 |
|
E-Mail: |
|
|
Website : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AADPP2784R |
|
|
|
|
Associate Company : |
· Rocket Batteries (India) Private Limited · Global Tele Tower (India) Private Limited |
|
|
|
|
Group Company : |
Global Nishi Teleservices Private Limited |
CAPITAL STRUCTURE
AFTER 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs.80.000 Millions |
|
|
|
|
|
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF
FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
50.000 |
50.000 |
|
(b) Reserves & Surplus |
|
86.061 |
69.979 |
|
(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) |
|
136.061 |
119.979 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
71.588 |
54.365 |
|
(b) Deferred tax liabilities (Net) |
|
1.456 |
1.057 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) Long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
73.044 |
55.422 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
355.388 |
194.400 |
|
(b) Trade
payables |
|
254.360
|
418.750
|
|
(c) Other
current liabilities |
|
1.975
|
5.045
|
|
(d) Short-term
provisions |
|
23.823
|
31.365
|
|
Total Current
Liabilities (4) |
|
635.546 |
649.560 |
|
|
|
|
|
|
TOTAL |
|
844.651 |
824.961 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
18.752 |
14.797 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
30.838 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1.691 |
1.691 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
5.749 |
4.508 |
|
(e) Other
Non-current assets |
|
0.303 |
0.461 |
|
Total Non-Current
Assets |
|
57.333 |
21.457 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
91.110
|
110.554
|
|
(c) Trade
receivables |
|
480.205
|
529.815
|
|
(d) Cash
and cash equivalents |
|
177.866
|
125.157
|
|
(e)
Short-term loans and advances |
|
2.368 |
1.079 |
|
(f) Other
current assets |
|
35.769 |
36.899 |
|
Total
Current Assets |
|
787.318 |
803.504 |
|
|
|
|
|
|
TOTAL |
|
844.651 |
824.961 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
50.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
39.784 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
89.784 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
34.495 |
|
|
2] Unsecured Loans |
|
|
16.124 |
|
|
TOTAL BORROWING |
|
|
50.619 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.636 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
141.039 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
10.185 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.691 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
170.533 |
|
|
Sundry Debtors |
|
|
394.169 |
|
|
Cash & Bank Balances |
|
|
149.392 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
48.408 |
|
Total
Current Assets |
|
|
762.502 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
597.709 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
35.889 |
|
Total
Current Liabilities |
|
|
633.598 |
|
|
Net Current Assets |
|
|
128.904 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.259 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
141.039 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operation |
2285.131 |
2437.878 |
NA |
|
|
|
Other Income |
13.700 |
7.059 |
NA |
|
|
|
TOTAL (A) |
2298.831 |
2444.937 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
2027.975 |
2173.525 |
NA |
|
|
|
Changes in Inventories of Finished Goods |
19.445 |
59.979 |
NA |
|
|
|
Employee Benefits Expenses |
39.188 |
27.002 |
NA |
|
|
|
Other Expenses |
101.811 |
96.699 |
NA |
|
|
|
TOTAL (B) |
2188.419 |
2357.205 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
110.412 |
87.732 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
82.094 |
40.758 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
28.318 |
46.974 |
45.178 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.847 |
1.358 |
0.922 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
26.471 |
45.616 |
44.256 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
10.389 |
15.421 |
14.131 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I)
|
16.082 |
30.195 |
30.125 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
3.22 |
6.04 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total
Income |
(%) |
0.70
|
1.24 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.16
|
1.87 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.26
|
5.54 |
5.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.38 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.14
|
2.07 |
0.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24
|
1.24 |
1.20 |
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 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10451668 |
05/09/2013 |
20,000,000.00 |
UNION BANK OF
INDIA |
SILVER COURT, M
G ROAD, GHATKOPAR, MUMBAI - 400077, MAHARASHTRA, INDIA |
B86005931 |
|
2 |
10423506 |
14/03/2013 |
100,000,000.00 |
UNION BANK OF
INDIA |
SILVER COURT, M
G ROAD, GHATKOPAR, MUMBAI - 400077, MAHARASHTRA, INDIA |
B74335944 |
|
3 |
10375907 |
27/07/2012 |
20,000,000.00 |
UNION BANK OF
INDIA LIMITED |
M. G. ROAD, GHATKOPAR
(EAST), MUMBAI - 400077, MAHARASHTRA, INDIA |
B57873887 |
|
4 |
10365704 |
28/06/2012 |
800,000.00 |
UNION BANK OF
INDIA |
SILVER COURT, M
G ROAD, GHATKOPAR, MUMBAI - 400077, MAHARASHTRA, INDIA |
B43715507 |
|
5 |
10231548 |
28/06/2010 |
195,000,000.00 |
STANDARD
CHARTERED BANK |
SME CREDIT,
23-25, M G ROAD, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
A90229204 |
|
6 |
10188544 |
09/11/2009 |
50,000,000.00 |
UNION BANK OF
INDIA |
GHATKOPAR (EAST)
BRANCH, SILVER COURT, 1ST FLOOR, M. G. ROAD, GHATKOPAR (E), MUMBAI - 400077,
MAHARASHTRA, INDIA |
A74106220 |
|
7 |
10171992 |
13/03/2012 * |
200,000,000.00 |
UNION BANK OF
INDIA |
SILVER COURT, M
G ROAD, GHATKOPAR, MUMBAI - 400077, MAHARASHTRA, INDIA |
B36797850 |
|
8 |
10110306 |
13/03/2012 * |
540,000,000.00 |
UNION BANK OF
INDIA |
SILVER COURT, M
G ROAD, GHATKOPAR, MUMBAI - 400077, MAHARASHTRA, INDIA |
B36800274 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
From Banks and Financial Institutions |
28.085 |
24.190 |
|
From Shareholders and Group Companies |
25.000 |
15.175 |
|
From Others |
0.000 |
15.000 |
|
|
|
|
|
Total |
53.085 |
54.365 |
TRADE REFERENCES:
· Vietnam Center Power Technology Company Limited, Hong Kong
· Silvex Exports Private Limited, India
FIXED ASSETS:
·
Mobile
·
Computer
·
Air Conditioner
·
Battery Racks
·
Battery Testing Equipment
·
Weighting Scales
·
Projector
·
Fax Machine
·
Furniture
·
Camera
·
Cycle
·
Electrical Fittings
·
Office Equipments
·
Car
·
Scooter and Bike
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. 63.65 |
|
|
1 |
Rs. 101.17 |
|
Euro |
1 |
Rs. 85.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.