1. Summary Information
|
Country |
India |
||
|
Company Name |
SUZLON WIND INTERNATIONAL LIMITED |
Principal Name 1 |
Mr. Vinod Ranchhodbhai Tanti |
|
Status |
Moderate |
Principal Name 2 |
Mr. Bakul Nathalal Rathod |
|
Registration # |
08-041191 |
||
|
Street Address |
201, 2nd Floor, Gold Tower, 50, Residency Road, Bangalore – 560025,
Karnataka, India |
||
|
Established Date |
12.12.2006 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturing |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Nacelle assembly for making WTG |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.2032,955,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate – 100% |
Banking |
Punjab
National Bank |
|
Public Limited Corp. |
NO |
Business Period |
7 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
India
|
Suzlon Energy Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
22,168,823,000 |
Current Liabilities |
9,594,399,000 |
|
Inventories |
2,855,076,000 |
Long-term Liabilities |
7,987,308,000
|
|
Fixed Assets |
974,187,000 |
Other Liabilities |
56,903,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
17,638,610,000 |
|
Invest& other Assets |
92,683,000 |
Retained Earnings |
6,419,204,000 |
|
|
|
Net Worth |
8,452,159,000 |
|
Total Assets |
26,090,769,000 |
Total Liab. & Equity |
26,090,769,000 |
|
Total Assets (Previous Year) |
25,430,810,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
2,846,365,000 |
Net Profit |
(127,203,000) |
|
Sales(Previous yr) |
6,325,253,000 |
Net Profit(Prev.yr) |
195,232,000 |
MIRA INFORM REPORT
|
Report Date : |
04.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUZLON WIND INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
201, 2nd Floor, Gold Tower, 50, Residency Road, Bangalore – 560025,
Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
12.12.2006 |
|
|
|
|
Com. Reg. No.: |
08-041191 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2032.955 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40108KA2006PLC041191 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS4713M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Nacelle assembly for making WTG. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 33800000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record.
There appears dip in its sales turnover and incurred some loss during 2012. The rating also take into considered the irregularities in debt
servicing and deterioration in operating performance. However, trade relations are reported to be fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with great
caution. |
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the outbreak
of the global financial crisis, the world economy continues to remain fragile.
The Indian economy demonstrated remarkable resilience in the initial years of
the contagion but finally lost ground last year. GDP growth slowed down.
Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood opportunities
for the millions living in poverty as also the large contingent of young people
joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
D (Long Term Loan) |
|
Rating Explanation |
This rating are in default or are expected
to be in default soon. |
|
Date |
August 2012 |
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 : |
201, 2nd Floor, Gold Tower, 50, Residency Road, Bangalore – 560025,
Karnataka, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office 1 : |
One Earth, Hadapsar, Pune – 411028, Maharashtra, India |
|
|
|
|
Corporate Office 2 : |
806, Prestige Towers, 100, Residency Road, Bangalore – 560025, Karnataka,
India |
|
Tel. No.: |
91-80-22249270 |
|
Fax No.: |
91-80-22249117 |
|
|
|
|
Factory : |
Located at : Udupi in the State of |
DIRECTORS
As on: 10.07.2012
|
Name : |
Mr. Vinod Ranchhodbhai Tanti |
|
Designation : |
Director |
|
Address : |
A-901, Ssilver Woods, Mundhwa, Pune – 411 036, |
|
Date of Birth/Age : |
29.06.1962 |
|
Qualification : |
B.E. (Civil) |
|
Date of Appointment : |
31.10.2010 |
|
DIN No: |
|
|
|
|
|
Name : |
Mr. Bakul Nathalal Rathod |
|
Designation : |
Director |
|
Address : |
D-902, Road No. 10, Kalpataru Regency II, Kalyani Nagar, Pune –
411006, Maharashtra, India |
|
Date of Birth/Age : |
22.10.1959 |
|
Qualification : |
BE-Electrical, BE-Mechanical |
|
Date of Appointment : |
20.02.2012 |
|
DIN No: |
03297384 |
|
|
|
|
Name : |
Mr. Balrajsinh Abhaysinh Parmar |
|
Designation : |
Managing Director |
|
Address : |
Plot No. 27-B, Acacia–I, Magarpatta City, Hadapsar, Pune – 411028,
Maharashtra, India |
|
Date of Birth/Age : |
28.08.1957 |
|
Qualification : |
Mechanical and Electrical Engineer with specialization in
instrumentation and control |
|
Date of Appointment : |
01.04.2012 |
|
DIN No: |
00002276 |
KEY EXECUTIVES
|
Name : |
Mr. Mukesh Kumar Mantri |
|
Designation : |
Secretary |
|
Address : |
Mahatma Residency, # 201, Anegundi, 1st Cross, Mangalore –
575 004, |
|
Date of Birth/Age : |
19.10.1964 |
|
Date of Appointment : |
01.03.2009 |
|
PAN : |
ADLPM7741A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 10.07.2012
|
Names of Shareholders |
|
No. of Equity Shares |
|
Suzlon Energy Limited, |
|
9999940 |
|
Tulsi R. Tanti J/W Suzlon Energy Limited, |
|
10 |
|
Girish R. Tanti J/W Suzlon Energy Limited, |
|
10 |
|
Vinod R. Tanti J/W Suzlon Energy Limited, |
|
10 |
|
Jitendra R. Tanti J/W Suzlon Energy Limited, |
|
10 |
|
Gita T. Tanti J/W Suzlon Energy Limited, |
|
10 |
|
Sangita V. Tanti J/W Suzlon Energy Limited, |
|
10 |
|
|
|
|
|
Total |
|
10000000 |
|
Names of Shareholders |
|
No. of Preference
Shares |
|
Suzlon Engery Limited, |
|
19329550 |
|
|
|
|
|
Total |
|
19329550 |
Equity Share Break up (Percentage of Total Equity)
As on: 10.07.2012
|
Category |
|
Percentage |
|
Bodies corporate |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Nacelle assembly for making WTG. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Actual Production |
|
|
|
In Nos. |
In MW’s |
|
Nacelees Assembly [2.1 MW] |
147 |
308.70 |
|
Hub Assembly [2.1 MW] |
147 |
308.70 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Bankers : |
·
Dena Bank, Corporate Business Branch, C-10, G-
Block, Bandra- Kurla Complex, Bandra (East), Mumbai-400051, ·
State Bank of ·
Oriental Bank of Commerce, 917-20/20A, OBC
Towers, F.C. Road, Pune – 411004, Maharashtra, India · Punjab National Bank, IBB Branch, Barakhamba Road, New Delhi - 110001, India ·
HDFC Bank Limited ·
State Bank of ·
Bank of ·
Bank of ·
Union Bank of ·
Corporation Bank ·
Axis Bank Limited |
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors 1 : |
|
|
Name : |
SNK and Company Chartered Accountants |
|
Address : |
E-2-B, The |
|
PAN.: |
AAJFS8455L |
|
|
|
|
Auditors 2 : |
|
|
Name : |
S.R. Batliboi and Company Chartered Accountants |
|
Address : |
C-401, Fourth Floor, |
|
Pan No.: |
AALFS0506L |
|
|
|
|
Holding Company : |
CIN No.: L40100GJ1995PLC025447 |
|
|
|
|
Subsidiary Company
: |
CIN No.:U40108PN2008PLC131668 |
|
|
|
|
Fellow Subsidiary
Company : |
CIN No.:U28999KA2006PLC041188
CIN No.: U31108KA2006PLC041190
CIN No.: U31101PN2004PLC019205
CIN No.: U27310GJ2006PLC048563
CIN No.: U27109GJ2004PLC044170
CIN No. :U40100GJ2000PLC037245
CIN No.: U40108PN1998PLC016515
CIN No.: U40108GJ2004PLC044409
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
CIN No.: U45202PN1998PLC016516
|
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
20000000 |
Preference Shares |
Rs.100/- each |
Rs.2000.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.2100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
19329550 |
Preference Shares |
Rs.100/- each |
Rs.1932.955 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.2032.955 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
2032.955 |
|
(b) Reserves & Surplus |
|
|
6419.204 |
|
(c) Money received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
|
8452.159 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
800.800 |
|
(b) Deferred tax liabilities (Net) |
|
|
14.652 |
|
(c) Other long term liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
28.213 |
|
Total Non-current
Liabilities (3) |
|
|
843.665 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
7186.508 |
|
(b) Trade payables |
|
|
3836.675 |
|
(c) Other current liabilities |
|
|
5757.724 |
|
(d) Short-term provisions |
|
|
14.038 |
|
Total Current
Liabilities (4) |
|
|
16794.945 |
|
|
|
|
|
|
TOTAL |
|
|
26090.769 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
974.187 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital work-in-progress |
|
|
92.673 |
|
(iv) Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.010 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
270.782 |
|
(e) Other Non-current assets |
|
|
134.073 |
|
Total Non-Current
Assets |
|
|
1471.725 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
2855.076 |
|
(c) Trade receivables |
|
|
21555.412 |
|
(d) Cash and cash equivalents |
|
|
98.973 |
|
(e) Short-term loans and advances |
|
|
104.117 |
|
(f) Other current assets |
|
|
5.466 |
|
Total Current
Assets |
|
|
24619.044 |
|
|
|
|
|
|
TOTAL |
|
|
26090.769 |
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
2032.955 |
2032.955 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
6546.408 |
6351.175 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
8579.363 |
8384.130 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
8500.793 |
6813.366 |
|
|
2] Unsecured Loans |
|
5287.818 |
3201.058 |
|
|
TOTAL BORROWING |
|
13788.611 |
10014.424 |
|
|
DEFERRED TAX LIABILITIES |
|
12.386 |
11.288 |
|
|
|
|
|
|
|
|
TOTAL |
|
22380.360 |
18409.842 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
965.635 |
1090.563 |
|
|
Capital work-in-progress |
|
209.627 |
215.916 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
19.445 |
19.445 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
1256.643
|
2619.897
|
|
|
Sundry Debtors |
|
22374.389
|
17987.050
|
|
|
Cash & Bank Balances |
|
238.835
|
1479.554
|
|
|
Other Current Assets |
|
0.000
|
0.000
|
|
|
Loans & Advances |
|
366.236
|
432.721
|
|
Total
Current Assets |
|
24236.103
|
22519.222 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
3000.405
|
5302.096
|
|
|
Other Current Liabilities |
|
22.279
|
67.418
|
|
|
Provisions |
|
27.766
|
65.790
|
|
Total
Current Liabilities |
|
3050.450
|
5435.304
|
|
|
Net Current Assets |
|
21185.653
|
17083.918
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
22380.360 |
18409.842 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2846.365 |
6325.253 |
8686.172 |
|
|
|
Other Income |
2367.021 |
16.177 |
15.938 |
|
|
|
TOTAL (A) |
5213.386 |
6341.430 |
8702.110 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
-- |
3960.610 |
4958.299 |
|
|
|
Cost of materials consumed |
2279.850 |
-- |
-- |
|
|
|
Purchases of stock-in-trade |
855.990 |
-- |
-- |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(494.122) |
-- |
-- |
|
|
|
Employee benefit expense |
67.856 |
-- |
-- |
|
|
|
Other expenses |
665.756 |
-- |
-- |
|
|
|
Manufacturing service costs |
-- |
337.096 |
405.701 |
|
|
|
Contract cost |
-- |
(3.245) |
340.023 |
|
|
|
Employee related expenses |
-- |
67.212 |
68.184 |
|
|
|
Administrative selling other expenses |
-- |
94.500 |
1106.850 |
|
|
|
TOTAL (B) |
3375.330 |
4456.173 |
6879.057 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1838.056 |
1885.257 |
1823.053 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1837.703 |
1547.987 |
756.915 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.353 |
337.270 |
1066.138 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
120.262 |
127.849 |
129.884 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(119.909) |
209.421 |
936.254 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
7.294 |
14.189 |
45.392 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-I) (J) |
(127.203) |
195.232 |
890.862 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
6546.407 |
6351.175 |
5460.625 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend on preference shares |
0.000 |
0.000 |
0.267 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
0.045 |
|
|
BALANCE CARRIED TO
THE B/S |
6419.204 |
6546.407 |
6351.175 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
1111.964 |
5330.326 |
7260.358 |
|
|
TOTAL EARNINGS |
1111.964 |
5330.326 |
7260.358 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
2220.095 |
3510.561 |
|
|
|
Stores & Spares |
|
6.768 |
7.124 |
|
|
TOTAL IMPORTS |
NA |
2226.863 |
3517.685 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(32.94) |
(0.70) |
71.11 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(2.44) |
3.08
|
10.24 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(4.22) |
3.31
|
10.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.46) |
0.83
|
3.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.01) |
0.02
|
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.95 |
1.61
|
1.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47 |
7.95
|
4.14 |
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 |
Yes |
Note:
The Registered Office of the company has been shifted from 3rd
Floor, Anchorage 2, # 100/2, Richmond Road, Bangalore – 560 025, Karnataka,
India to the present address w.e.f. 19.11.2012
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2012 |
|
SHORT-TERM
BORROWINGS |
|
|
Rupee term loans from banks |
345.278 |
|
Loans and advances from related parties |
2268.061 |
|
|
|
|
Total |
2613.339 |
UNSECURED LOAN
|
Particular |
As on 31.03.2011 |
|
Working capital loans others unsecured |
5287.818 |
|
|
|
|
Total |
5287.818 |
FIXED ASSETS
Tangible Assets
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
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.66.57 |
|
|
1 |
Rs.103.34 |
|
Euro |
1 |
Rs.88.16 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
27 |
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.