1. Summary Information
|
Country |
India |
||
|
Company Name |
SMART I ELECTRONICS SYSTEMS PRIVATE LIMITED |
Principal Name 1 |
Mr. Ganpat Pandurang Shinde |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Pankaj Shreiniwas Zanwar |
|
Registration # |
11-162642 |
||
|
Street Address |
A-308, Puranik Capitol, 3rd Floor, Ghodbunder Road,
Opposite Hypercity, Kasar Vadavali, Thane – 400607, Maharashtra |
||
|
Established Date |
15.06.2006 |
SIC Code |
-- |
|
Telephone# |
91-22-64646500 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-40744455 |
Business Style 2 |
Exporter |
|
Homepage |
|
Product Name 1 |
Access Control Systems |
|
# of employees |
Not Available |
Product Name 2 |
Smart Cards |
|
Paid up capital |
Rs. 2,645,000/- |
Product Name 3 |
By Matries Units |
|
Shareholders |
Directors or
relatives of Directors - 100.00% |
Banking |
Union
Bank of India |
|
Public Limited Corp. |
No |
Business Period |
7 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (42) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related Party |
-- |
Enviro Technologies |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
20,542,000 |
Current Liabilities |
17,963,000 |
|
Inventories |
9,931,000 |
Long-term Liabilities |
10,975,000
|
|
Fixed Assets |
3,558,000 |
Other Liabilities |
1,426,000 |
|
Deferred Assets |
1,420,000 |
Total Liabilities |
30,364,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
582,000 |
|
|
|
Net Worth |
5,087,000 |
|
Total Assets |
35,451,000 |
Total Liab. & Equity |
35,451,000 |
|
Total Assets (Previous Year) |
32,032,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Total Income |
68,416,000 |
Net Profit |
1,990,000 |
|
Total Income (Previous yr) |
61,685,000 |
Net Profit(Prev.yr) |
562,000 |
|
Report Date : |
21.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
SMART I ELECTRONICS SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-308, Puranik Capitol, 3rd Floor, Ghodbunder Road,
Opposite Hypercity, Kasar Vadavali, Thane – 400607, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
15.06.2006 |
|
|
|
|
Com. Reg. No.: |
11-162642 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.645 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51505MH2006PTC162642 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS57084G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS0610H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Access Control Systems and Smart Cards,
By Matries Units, etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 20000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The company successfully wiped off its accumulated losses during
financial year 2012. Trade relations are reported as fair. Business is active. Payment
terms are slow but correct. The concern can be considered for business dealing 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.
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.
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 / Corporate Office : |
A-308, Puranik Capitol, 3rd Floor, Ghodbunder Road,
Opposite Hypercity, Kasar Vadavali, Thane – 400607, Maharashtra, India |
|
Tel. No. : |
91-22-64646500 |
|
Fax No. : |
91-22-40744455 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1: |
Unit No.118, Building No.-3, Samruddhi Sagar Plaza Industrial Complex,
Sativali Road, Vasai (East), Thane, |
|
|
|
|
Factory 2: |
Unit No. F 26, Top Class Enclaves, Near Bhodapada Bus Stop, Sativali
Road, Vasai (East), Thane – 401208, |
|
Tel. No.: |
91-250-2450371 |
|
|
|
|
Factory 3: |
Khasra No. 370/1, Near EWS,
Block No. 05, Sector No. 01, Parwanoo, District Solan – 173220, Himachal Pradesh, India |
|
|
|
|
R&D, Training and Customer Support Centre: |
1st Floor, Arihant
Plaza, Phase-II, Village-Ovala, Ghodbunder
Road, Thane – 400607, Maharashtra, India |
|
E-Mail : |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Ganpat Pandurang Shinde |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
E-103, Ekta Bhoomi, Gardens Dattapada, Road, Borivali (East|), Mumbai
- 400066, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.07.1969 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.06.2006 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00287252 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Pankaj Shreiniwas Zanwar |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
E – 502, Treasure Park, Sant Nagar, Araneshwar, Pune - 411009,
Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.06.1974 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2011 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
05172308 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs.Prabha Ganpat Shinde |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
E-103, Ekta Bhoomi, Gardens Dattapada, Road, Borivali (East|), Mumbai
- 400066, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.05.1972 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.09.2012 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
05251148 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship
:
|
||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ganpat Pandurang Shinde |
|
375000 |
|
Sheetal Pankaj Zanwar |
|
25000 |
|
Nikesh Vasantlal Shah |
|
500 |
|
Pankaj Shriniwas Zanwar |
|
25000 |
|
Prabha Shinde |
|
25000 |
|
Total |
|
450500 |
As on 28.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Access Control Systems and Smart Cards,
By Matries Units, etc. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
|
Installed
Capacity |
Actual
Production |
|
Smart Card Readers, Access Control Systems and Accessories |
No. |
|
10000 |
18185 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Union Bank of India, Andheri (East) Branch, Mayani Manor, Sir M V Road, Andheri (East), Mumbai - 400069, Maharashtra, India · Bank of Maharashtra, Thakur Village Branch, Kandivali (East), Mumbai - 400101, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
NOTE LONG TERM
BORROWINGS (i) During the year, Term loan from Bank of Rs.2.450 millions was sanctioned by the Bank. Out of the sanctioned amount, Rs.0.893 million was disbursed during the year. The Term Loan is repayable in 72 EMIs of Rs.34,030/‐ each alongwith interest @ Base Rate + 4.00 %. (ii)
Vehicle Loan outstanding of Rs.0.040 million (disclosed under Other Current Maturities) is repayable in 6
EMIs of Rs.0.007 million alongwith
interest. (iii)
Vehicle Loan outstanding of Rs.0.062 million (disclosed under Other Current Maturities) is repayable in 7 EMIs Rs.0.009
million alongwith interest.
|
|
|
|
|
Banking Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Tembey and Mhatre Chartered Accountant |
|
Address : |
120, Udyog Mandir No. 1, Bhogji Keer Marg, Mahim, Mumbai - 400016, Maharashtra, India |
|
Tel No.: |
91-22-24448069/73 |
|
Email: |
|
|
PAN.: |
AAAFT4024B |
|
|
|
|
Related Party : |
Enviro Technologies |
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450500 |
Equity Shares |
Rs.10/- each |
Rs. 4.505 Millions |
|
|
|
|
|
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
264500 |
Equity Shares |
Rs.10/- each |
Rs. 2.645
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
2.645 |
|
(b) Reserves & Surplus |
|
|
0.582 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
1.860 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
5.087 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.314 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term
provisions |
|
|
1.002 |
|
Total Non-current
Liabilities (3) |
|
|
1.316 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
10.661 |
|
(b) Trade
payables |
|
|
8.749 |
|
(c) Other
current liabilities |
|
|
9.214 |
|
(d) Short-term
provisions |
|
|
0.424 |
|
Total Current
Liabilities (4) |
|
|
29.048 |
|
|
|
|
|
|
TOTAL |
|
|
35.451 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
2.936 |
|
(ii)
Intangible Assets |
|
|
0.622 |
|
(iii)
Capital work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
1.420 |
|
(d) Long-term Loan and Advances |
|
|
1.434 |
|
(e) Other
Non-current assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
6.412 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
9.931 |
|
(c) Trade
receivables |
|
|
17.170 |
|
(d) Cash
and cash equivalents |
|
|
0.654 |
|
(e)
Short-term loans and advances |
|
|
1.284 |
|
(f) Other
current assets |
|
|
0.000 |
|
Total
Current Assets |
|
|
29.039 |
|
|
|
|
|
|
TOTAL |
|
|
35.451 |
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
2.645 |
0.100 |
|
|
2] Share Application Money |
|
1.250 |
1.800 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
(1.408) |
(1.913) |
|
|
NETWORTH |
|
2.487 |
(0.013) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
11.103 |
10.471 |
|
|
2] Unsecured Loans |
|
0.972 |
1.060 |
|
|
TOTAL BORROWING |
|
12.075 |
11.531 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
14.562 |
11.518 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
3.014 |
2.356 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
1.441 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
9.640
|
5.684
|
|
|
Sundry Debtors |
|
16.423
|
11.941
|
|
|
Cash & Bank Balances |
|
0.614
|
0.332
|
|
|
Other Current Assets |
|
0.000
|
0.000
|
|
|
Loans & Advances |
|
0.900
|
0.883
|
|
Total
Current Assets |
|
27.577
|
18.840 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
8.943
|
6.608
|
|
|
Other Current Liabilities |
|
7.875
|
2.633
|
|
|
Provisions |
|
0.652
|
0.437
|
|
Total
Current Liabilities |
|
17.470
|
9.678 |
|
|
Net Current Assets |
|
10.107
|
9.162
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
14.562 |
11.518 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
68.416 |
61.685 |
51.586 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
67.024 |
62.549 |
51.256 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
1.402 |
(0.864) |
0.330 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.588) |
(0.302) |
0.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
1.990 |
0.562 |
0.329 |
|
|
|
|
|
|
|
|
|
Add |
EXCESS / SHORT PROVISION
FOR TAX |
0.000 |
(0.072) |
0.004 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD
EXPENDITURE |
0.000 |
0.000 |
0.102 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1.408) |
(1.913) |
(2.144) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.582 |
(1.423) |
(1.913) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods calculated on FOB basis |
0.014 |
0.028 |
0.886 |
|
|
TOTAL EARNINGS |
0.014 |
0.028 |
0.886 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
6.329 |
9.990 |
NA |
|
|
TOTAL IMPORTS |
6.329 |
9.990 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (Rs.) |
7.52 |
47.18 |
23.14 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.91
|
0.91
|
0.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.12
|
(2.82)
|
1.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.35
|
(25.38) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.16
|
4.86
|
(887.00) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.00
|
1.58
|
1.95 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10313937 |
19/09/2011 |
2,450,000.00 |
UNION BANK OF INDIA |
ANDHERI(EAST) BRANCH, MAYANI MANOR,, SIR M.V. ROAD, ANDHERI (EAST), MUMBAI - 400069, MAHARASHTRA, INDIA |
B23836992 |
|
2 |
10313935 |
19/09/2011 |
4,000,000.00 |
UNION BANK OF INDIA |
ANDHERI(EAST) BRANCH, MAYANI MANOR,, SIR M.V. ROAD, ANDHERI (EAST), MUMBAI - 400069, MAHARASHTRA, INDIA |
B23836109 |
|
3 |
10144564 |
07/03/2013 * |
15,000,000.00 |
UNION BANK OF INDIA |
ANDHERI(EAST) BRANCH, MAYANI MANOR,, SIR M.V. ROAD, ANDHERI (EAST), MUMBAI - 400069, MAHARASHTRA, INDIA |
B70537600 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
|
31.03.2012 (Rs.
in Millions) |
|
SHORT TERM
BORROWNGS |
|
|
|
Loans and advances
from related parties Directors, Shareholders and Relatives |
|
0.752 |
|
Total |
|
0.752 |
|
PARTICULARS |
|
31.03.2011 (Rs.
in Millions) |
|
From Directors and Relatives |
|
0.972 |
|
Total |
|
0.972 |
FIXED ASSETS
·
Tangible
Assets
· Civil Work
· Plant and Machinery
· Computer
· Electrical Installation
· Furniture and Fixtures
· Motor Car
· Motor Bike
· Office Equipments
·
Intangible
Assets
· Software – Testsoftware/Code(IP)
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.99.90 |
|
Euro |
1 |
Rs.84.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
42 |
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.