MIRA
INFORM REPORT
|
Report Date : |
22.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
UNI KLINGER LIMITED |
|
|
|
|
Formerly Known
As : |
KLINGER ( |
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|
Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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|
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Date of Incorporation
: |
17.01.1983 |
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|
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|
Com. Reg. No.: |
11-029134 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 43.560
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909MH1983PLC029134 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Trader of Fluid Control and Fluid Sealing
Products. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
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|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record.
The company is performing well. Trade relations are reported as fair. Business
is active. Payments are reported to be regular and as per commitments. The company can be considered normal for business dealings at usual
trade terms and condition. |
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
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $
24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali
expenditure by 40 % and on average spend nearly 25 % of their monthly salary on
Diwali, according to a survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
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 : |
Liberty Building, Sir Vithaldas Thackersay Marg, Mumbai –
400020, Maharashtra, India |
|
Tel. No.: |
91-22-22092095/ 22015711 |
|
Fax No.: |
91-22-22082113 |
|
E-Mail : |
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|
Website : |
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Corporate Office/ Factory : |
Gate No.1240, Village Vadu Budruk, Taluka Shirur, Koregaon Bhima, Pune – 412216, |
|
|
|
|
Ahmednagar Factory: |
Plot no. C/37, MIDC Area, Ahmednagar –
414111, India |
|
Tel No.: |
91-20-41023000 |
|
Fax No.: |
91-20-41023001 |
|
Email : |
|
|
|
|
|
Central Sales Office : |
SC1 Kohinoor Estate, 5th Floor, Mumbai - Pune
Highway, Khadki, Pune –
411003, Maharashtra, India |
|
Tel No.: |
91-20-41023000 |
|
Fax No.: |
91-20-41023001 |
|
Email : |
|
|
Location : |
Owned |
|
|
|
|
Branch Offices : |
Located at: Ř Delhi Ř Baroda Ř Kolkata Ř Chennai |
DIRECTORS
As on: 30.08.2013
|
Name : |
Mr. Feroze Dhunjishaw
Neterwala |
|
Designation : |
Director |
|
Address : |
16D, Il Palazzo,
Little Gibbs Road, Mumbai – 400004, Maharashtra,
India |
|
Date of Birth/Age : |
14.05.1952 |
|
Date of Appointment : |
26.11.1987 |
|
Voter ID No.: |
MT/04/024/045290 |
|
DIN No.: |
00008332 |
|
|
|
|
Name : |
Mr. Kavas Dara Patel |
|
Designation : |
Director |
|
Address : |
C 33, River
Nest, 311, North Main Road, Koregaon Park, Pune – 411001, Maharashtra,
India |
|
Date of Birth/Age : |
02.02.1947 |
|
Date of Appointment : |
02.12.2002 |
|
DIN No.: |
00002634 |
|
|
|
|
Name : |
Mr. Shobhan Madhukant
Thakore |
|
Designation : |
Director |
|
Address : |
509, Cumballa Crest, 42_A, G. Deshmukh
Marg, Mumbai – 400026, Maharashtra,
India |
|
Date of Birth/Age : |
07.03.1947 |
|
Date of Appointment : |
29.09.2006 |
|
DIN No.: |
00031788 |
|
|
|
|
Name : |
Mr. Mohan Krishna Fondekar |
|
Designation : |
Director |
|
Address : |
B 505, Silver
Arch, Samata Nagar Road,
Thane – 400606, Maharashtra, India |
|
Date of Birth/Age : |
23.03.1945 |
|
Date of Appointment : |
26.11.1987 |
|
Voter ID No.: |
MT/10/053/04232283 |
|
DIN No.: |
01089689 |
|
|
|
|
Name : |
Mr. Anosh Feroze Neterwala |
|
Designation : |
Director |
|
Address : |
16D, Il Palazzo,
Little Gibbs Road, Mumbai – 400004, Maharashtra,
India |
|
Date of Birth/Age : |
07.05.1985 |
|
Date of Appointment : |
25.06.2013 |
|
DIN No.: |
01418744 |
|
|
|
|
Name : |
Dr. Heinz Scharl |
|
Designation : |
Director |
|
Address : |
Waggerlgasse 10 Gerersdorf
3385, Austria |
|
Date of Birth/Age : |
26.11.1959 |
|
Date of Appointment : |
09.07.2011 |
|
DIN No.: |
05132375 |
|
|
|
|
Name : |
Mr. Christoph Klinger Lohr |
|
Designation : |
Director |
|
Address : |
Seonergasse 11/19 Vienne
1040 |
|
Date of Birth/Age : |
12.09.1979 |
|
Date of Appointment : |
07.11.2012 |
|
DIN No.: |
06415748 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Klinger Ag, Switzerland |
|
1742400 |
|
Dhunjishaw Manekshaw Neterwala Feroze Dhunjishaw Neterwala |
|
3331 |
|
Anosh Finance and Investment Private Limited,
India |
|
58550 |
|
Universal Ferro and Allied Chemicals Limited, India |
|
403783 |
|
Chemicals and Ferro Alloy Private Limited, India |
|
529783 |
|
Sam Pirojshaw Motawara Dhunjishaw Manekshaw Neterwala Feroze Dhunjishaw Neterwala |
|
1 |
|
Mohan Krishna Fondekar Dhunjishaw Manekshaw Neterwala Feroze Dhunjishaw Neterwala |
|
1 |
|
Laxmidas Vassanji Gandhi Dhunjishaw Manekshaw Neterwala Feroze Dhunjishaw Neterwala |
|
1 |
|
Dhunjishaw Manekshaw Neterwala Feroze Dhunjishaw Neterwala |
|
29400 |
|
Feroze Dhunjishaw Neterwala Shernaz Firoze Vakil |
|
29400 |
|
Pervin Rustom Mehta Feroze Dhunjishaw Neterwala |
|
29400 |
|
Shernaz Firoze Vakil Pervin Rustom Mehta |
|
29400 |
|
Dhunjishaw Manekshaw Neterwala |
|
550 |
|
Uni Deritend
Limited, India |
|
1500000 |
|
Total |
|
4356000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.08.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
40.00 |
|
Bodies corporate |
|
57.21 |
|
Directors or relatives of directors |
|
2.79 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Fluid Control and Fluid Sealing
Products. |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Class of Goods |
|
|
|
|
Valves |
Nos. |
9000 |
39,943 |
|
Other Fluid Control Products |
Nos. |
20000 |
24,945 |
|
Fluid Sealing Products |
M.T. |
1500 |
**1077.92 |
|
Cut Gaskets |
Nos. |
-- |
886,999 |
|
Spiral Wound Rings |
Nos. |
-- |
130,533 |
** Excludes Captive Consumption 88.53 MT
(42.797MT)
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
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|
Bankers : |
·
ING Vysya Bank Limited
- 928, Mantri Centre, F. C. Road, Pune – 411004, Maharashtra,
India ·
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West),
Mumbai - 400013, Maharashtra, India |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs. In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jagtiani and Naik Chartered Accountants |
|
Address : |
12-13, Esplanade, 3rd Floor, Amrit Keshav Nayak Marg, Fort, Mumbai – 400001, Maharashtra,
India |
|
PAN No.: |
AAAFJ0344C |
|
|
|
|
Promoter group company : |
Ř Klinger Ag. Zug. Ř Uni Deritend
Limited Ř Universal Ferro and Allied
Chemicals Limited Ř Chemical Ferro and Alloys Limited |
|
|
|
|
Associates : |
Ř Neterwala Consulting and Corporate Services
Limited Ř Neterson Technologies Private Limited Ř Netel (India) Limited Ř Dai-ichi Karkaria Limited Ř Uni Abex
Alloy Products Limited Ř Anosh Finance and Investment Limited Ř Oilfield Instrumentation (India)
Private Limited Ř Rich Klinger S.A.A.C.I.Y.F -
Argentina Ř SDN Company |
CAPITAL STRUCTURE
As on: 30.08.2013
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 |
|
|
|
|
|
|
4356000 |
Equity Shares |
Rs.10/- each |
Rs. 43.560
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 |
|
43.560 |
43.560 |
|
(b) Reserves & Surplus |
|
281.655 |
211.415 |
|
(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) |
|
325.215 |
254.975 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.020 |
|
(b) Deferred tax liabilities (Net) |
|
7.234 |
6.150 |
|
(c) Other long term liabilities |
|
2.638 |
2.662 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
9.872 |
8.832 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
81.081 |
68.574 |
|
(b) Trade payables |
|
53.398 |
49.488 |
|
(c) Other current liabilities |
|
18.782 |
16.263 |
|
(d) Short-term provisions |
|
35.642 |
16.726 |
|
Total Current Liabilities (4) |
|
188.903 |
151.051 |
|
|
|
|
|
|
TOTAL |
|
523.990 |
414.858 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
120.281 |
121.569 |
|
(ii) Intangible Assets |
|
1.221 |
1.881 |
|
(iii) Capital work-in-progress |
|
1.442 |
0.000 |
|
(iv) Fixed assets retired from active use |
|
0.296 |
0.296 |
|
(b) Non-current Investments |
|
2.848 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
8.534 |
7.364 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
134.622 |
131.110 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
14.000 |
6.500 |
|
(b) Inventories |
|
134.220 |
124.337 |
|
(c) Trade receivables |
|
167.029 |
128.747 |
|
(d) Cash and cash equivalents |
|
52.539 |
13.293 |
|
(e) Short-term loans and advances |
|
17.955 |
9.340 |
|
(f) Other current assets |
|
3.625 |
1.531 |
|
Total Current Assets |
|
389.368 |
283.748 |
|
|
|
|
|
|
TOTAL |
|
523.990 |
414.858 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
43.560 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
173.226 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
216.786 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
43.527 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
43.527 |
|
|
DEFERRED TAX LIABILITIES |
|
|
8.618 |
|
|
DEFERRED PAYMENT CREDIT |
|
|
1.453 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
270.384 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
127.935 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
89.141 |
|
|
Sundry Debtors |
|
|
101.256 |
|
|
Cash & Bank Balances |
|
|
3.018 |
|
|
Other Current Assets |
|
|
4.371 |
|
|
Loans & Advances |
|
|
14.522 |
|
Total
Current Assets |
|
|
212.308 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
38.925 |
|
|
Other Current Liabilities |
|
|
21.770 |
|
|
Provisions |
|
|
9.164 |
|
Total
Current Liabilities |
|
|
69.859 |
|
|
Net Current Assets |
|
|
142.449 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
270.384 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
620.342 |
476.372 |
391.511 |
|
|
|
Other Income |
6.151 |
1.063 |
3.258 |
|
|
|
TOTAL (A) |
626.493 |
477.435 |
394.769 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
244.263 |
225.073 |
165.306 |
|
|
|
Purchase of stock-in-trade |
1.763 |
0.000 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-process and
stock-in-trade |
(2.449) |
(24.733) |
16.453 |
|
|
|
Employee benefit expenses |
73.606 |
59.900 |
58.055 |
|
|
|
Other expenses |
153.817 |
125.914 |
102.819 |
|
|
|
TOTAL (B) |
471.000 |
386.154 |
342.633 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
155.493 |
91.281 |
52.136 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.512 |
7.001 |
8.486 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
146.981 |
84.280 |
43.650 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
14.432 |
16.048 |
20.973 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
132.549 |
68.232 |
22.677 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
47.121 |
22.449 |
7.722 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
85.428 |
45.783 |
14.955 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
27.495 |
22.806 |
14.430 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
70.000 |
33.500 |
1.500 |
|
|
|
Proposed Dividend |
13.068 |
6.534 |
4.356 |
|
|
|
Tax on Dividend |
2.120 |
1.060 |
0.723 |
|
|
BALANCE CARRIED
TO THE B/S |
27.735 |
27.495 |
22.806 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Difference In Exchange (Net) |
1.387 |
0.000 |
|
|
|
|
F.O.B. Value of Goods Exported |
121.599 |
67.087 |
|
|
|
TOTAL EARNINGS |
122.986 |
67.087 |
N.A. |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Components |
60.421 |
55.631 |
|
|
|
|
Capital Goods |
4.991 |
5.784 |
|
|
|
TOTAL IMPORTS |
65.412 |
61.415 |
N.A. |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
19.61 |
10.51 |
3.43 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
13.64
|
9.59 |
3.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
21.37
|
14.32 |
5.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.51 |
16.46 |
6.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41 |
0.27 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth)
|
|
0.25 |
0.27 |
0.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.06 |
1.88 |
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
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 |
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 |
COMPANY
PERFORMANCE
The performance of
the Fluid Control Division and Fluid Sealing Division has significantly improved
over that of 2011-12, both for domestic and export sales. The overall sales at Rs. 620.342 Millions were higher than that of the previous
financial year by 30.22% with domestic sales registering an increase of 21.53%
and an export growth of 90.42%. Operational profits are higher by about 70%.
CONTINGENT LIABILITIES:
i) Guarantees given by a Bank Rs. 13.018 Millions (Rs. 4.940
Millions)
ii) Bills accepted Rs. NIL (Rs. 2.197 Millions)
iii) Claims against the Company not acknowledged as debts:
a) Income Tax demand disputed in appeal / rectification is Rs. 1.033 Millions (Rs. 1.682
Millions) out of which Rs. 0.177 Million (Rs. 0.632 Million) is paid by the company and shown under
the head "Short term Loans and Advances" as Receivable from statutory/
government authorities.
b) Demands aggregating to Rs. 4.398
Millions (Rs. 0.177 Million) in respect of alleged
nonpayment of Tax Deducted at Source under the Income Tax Act for which appeals
and revised returns have been submitted to the tax authorities
c) Claims by certain contractual personnel for granting of
the status and benefits of permanency to them with all consequential benefits
in respect of which writ petitions have been filed in the High Court. Amount of
possible liability not ascertained.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10395280 |
21/12/2012 |
150,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B65267239 |
FIXED ASSETS:
Ř Freehold Land
Ř Leasehold Land
Ř Buildings
Ř Plant and
Machinery
Ř Electrical
Equipment and Installation
Ř Computer Software
Ř Furniture and Fixture
Ř Office Equipments
Ř Vehicles
Ř Computers
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a
proceedings for violating money-laundering, anti-corruption or bribery or
international economic or anti-terrorism sanction laws or whose assets were
seized, blocked, frozen or ordered forfeited for violation of money laundering
or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other financial
stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.49 |
|
|
1 |
Rs. 99.41 |
|
Euro |
1 |
Rs. 84.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
50 |
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.