Business
information report
1. Summary Information
|
Country |
|
||
|
Company Name |
EMERSON NETWORK POWER ( |
Principal Name 1 |
Mr. Pradipta Tirthapati Sen |
|
Status |
Good |
Principal Name 2 |
Mr. Kersi M. Gherda |
|
Registration # |
11-071079 |
||
|
Street Address |
Plot No.C-20, Road No.19, Wagle Industrial Estate, Thane – 400604, |
||
|
Established Date |
10.03.1993 |
SIC Code |
-- |
|
Telephone# |
91-22-67208000/ 001/ 25802388/ 25807000 |
Business Style 1 |
Manufactures of Uninterruptible Power Supply (UPS) Systems,
Climate, etc. |
|
Fax # |
91-22-25828358/ 25800829 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Air and Power |
|
|
# of employees |
Not Divulged |
Product Name 2 |
Liebert |
|
Paid up capital |
Rs. 100,560,000/- |
Product Name 3 |
Emerson Energy Systems |
|
Shareholders |
Foreign holdings 100.00 % |
Banking |
|
|
Public Limited Corp. |
No |
Business Period |
21 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
A (60) |
|
Related
Company |
|||
|
Relation – Ultimate Holding
Company |
Country -- |
Company
Name |
Emerson Electric Company, ST Louis, USA |
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
5,815,900,000 |
Current Liabilities |
2,547,740,000 |
|
Inventories |
856,900,000 |
Long-term Liabilities |
000 |
|
Fixed Assets |
363,800,000 |
Other Liabilities |
935,500,000 |
|
Deferred Assets |
163,900,000 |
Total Liabilities |
3,483,240,000 |
|
Invest& other Assets |
6,501,200,000 |
Retained Earnings |
10,117,900,000 |
|
|
|
Net Worth |
10,218,460,000 |
|
Total Assets |
13,701,700,000 |
Total Liab. & Equity |
13,701,700,000 |
|
Total Assets (Previous Year) |
13,482,800,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
10,302,800,000 |
Net Profit |
1,117,800,000 |
|
Sales(Previous yr) |
9,722,000,000 |
Net Profit(Prev.yr) |
1,349,700,000 |
MIRA INFORM REPORT
|
Report Date : |
01.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
EMERSON NETWORK POWER ( |
|
|
|
|
Formerly Known As : |
LIEBERT SYSTEM SUPPORT EQUIPMENTS LIMITED |
|
|
|
|
Registered Office : |
Plot No.C-20, Road No.19, Wagle Industrial Estate, Thane – 400604, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
10.03.1993 |
|
|
|
|
Com. Reg. No.: |
11-071079 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 100.560 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74999MH1993PTC071079 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUML01804F |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACT4033H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufactures of Uninterruptible
Power Supply (UPS) Systems, Climate and Environmental Systems, DC power systems,
Automatic Transfer Switches (ATS), Racks, Monitoring Solutions and Enclosures
for IT Server protection |
|
|
|
|
No. of Employees
: |
Information
declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 40900000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a subsidiary of EMERSON ELECTRIC COMPANY ST LOUIS USA. It is
a well-established company having fine track record. The rating reflects sound financial risk profile supported by adequate
liquidity position and decent profitability of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
India’s current account deficit for the fiscal third quarter ended September
2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from $31.9
billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports and
moderation in gold imports. Manufacturing activity and new orders in India
showed their strongest growth in a year in February. The news comes as a relief
after data showed Asia’s third largest economy grew by a slower-than-expected
4.7 % annually in the three months through December. The HSBC Manufacturing
Purchasing Managers’ Index which gauges the business activity of India’s
factories but not its’ utilities, rose to 52.5 in February, its highest in a
year from 51.4 in January. Overall new orders for factory goods which rose to a
one-year high of 54.9 contributed to the surge. China has emerged as India’s
biggest trading partner in the current financial year replacing the United Arab
Emirates and pushing it to the third spot. India-China trade has reached $49.5
billion with a 8.7 % share in India’s total trade. The US comes second at $46
billion with 8.1 % share during the first nine months of the current financial
year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED
Management Non Co-operative
Contact No. : 91-22-67208000
LOCATIONS
|
Registered/ Head Office/ Factory : |
Plot No.C-20, Road No.19, Wagle Industrial Estate, Thane – 400604, |
|
Tel. No.: |
91-22-67208000/ 001/ 25802388/ 25807000 |
|
Fax No.: |
91-22-25828358/ 25800829 |
|
Email : |
|
|
Website : |
|
|
|
|
|
Zonal Offices : |
Mumbai B 414-424, Bhaveshwar Arcade, L.B.S. Marg,
Ghatkopar (West), Mumbai 400086. Phone : 91-22-67208800/ 09000, Fax : 91-2- 25002415
Phone : 91-11-28754206/ 28750774/
28757706/ 28753214/28755071/28756038 Fax : 91-11-28751601 Customer Care No: 91- 9810091400 Kolkata Phone : 91-33 - 40023100/22890490/93 Fax : 91-33 - 2289049 Emergency Service No : 40023190 Sales/ Service Fax No : 40023101 General Inquiry No : 40023100
Phone : 91-80-41135670/ 41135870/ 5635401/2/3/5/6 Fax : 91-80-41135570 |
|
|
|
|
Branch Office: |
Pune Office No. 7, IInd Floor, Pratibha Towers, Opp Jog Center, Pune-Mumbai Road, Wakdewadi Pune-411 003, India E-Mail : Pune@EmersonNetwork.co.in Phone : 91-20-66235050/ 66235000/ 25670709/ 25676975 Fax : 91-20-24004020 Nagpur E-Mail : nagpur@emersonnetwork.co.in rajendra.sabre@emersonnetwork.co.in Phone : 91-712- 5634997 39/2, Arunodaya Society, Alkapuri, E-Mail : Baroda@EmersonNetwork.co.in Phone : 91-265-2330383/ 6598400 Fax : 91-265-2343937 205,Sukhsagar Complex, Beside Fortune Landmark Hotel, Usmanpura,
E-Mail : tll_ahm@yahoo.co.in Phone : 91-79-27560230/ 27560240 Fax : 91-79 - 26441739 Dheeraj Kawal, 1st
flr, Near Vkl Stn, L.B.S. Marg, Vikhroli(W), 109, Ratnamani Complex, 7/1, New Palasia, E-Mail : Indore@EmersonNetwork.co.in Phone : 91-731-4023806 Fax : 91-731-2554824 Kashi Kunj , Road No. 2, Ground Floor,
Contractors Area ,Bistupur, E-Mail : Jamshedpur@EmersonNetwork.co.in Phone : 91-657-2227678, Fax : 91-657-2227678 No. 1, E-Mail : Chennai@EmersonNetwork.co.in Phone : 91-44-228151063/69 Fax : 91-44-228151442 Secunderabad E-Mail : Hyderabad@EmersonNetwork.co.in Devendra.Mansabdar@Emersonnetwork.co.in Phone : 91-40-27806771/2/5/6 Fax : 91-40-27806777 34/B-17, SVP Complex, 2nd Floor, No.7, Visakha Executiva Centre, 47-11-1/5, 1st Floor,
EswarArcade, Dwarakanagar, No.40/9338( New No. 59/4517), 4th Floor, E-Mail : Cochin@EmersonNetwork.co.in Phone : 91-484-2341986 86 Fax : 91-484- 2341985 Plot no. C-11, Sector-A, Zone-A,
Mancheswar industrial Estate, Bhubaneswar-751010 E-Mail : Bhubaneshwar@EmersonNetwork.co.in
Phone : 91-674-2586003 |
|
|
|
DIRECTORS
As On 10.12.2013
|
|
|
|
Name : |
Mr. Sunil Ramashanker Khanna |
|
Designation : |
Managing Director |
|
Address : |
C-302 Celebrity Home, Palam Vihar, Gurgaon – 122002, Haryana ,
India |
|
Date of Birth/Age : |
07.07.1955 |
|
Date of Appointment : |
30.10.2012 |
|
DIN No : |
00907147 |
|
|
|
|
Name : |
Mr. Kersi M. Gherda |
|
Designation : |
Director |
|
Address : |
9A Sterling Apartment, |
|
Date of Birth/Age : |
16.08.1928 |
|
Date of Appointment : |
10.03.1993 |
|
DIN No : |
00237125 |
|
|
|
|
Name : |
Mr. Pradipta Tirthapati Sen |
|
Designation : |
Director |
|
Address : |
A1-61 Safdurjung Enclave, |
|
Date of Birth/Age : |
07.10.1958 |
|
Date of Appointment : |
11.06.2001 |
|
DIN No : |
00051758 |
|
|
|
|
Name : |
Mr. Dara Phirozeshaw Mehta |
|
Designation : |
Director |
|
Address : |
4" Floor, South Lands, 177, Colaba Road,, Mumbai, 400005,
Maharashtra, India |
|
Date of Birth/Age : |
13.07.1933 |
|
Date of Appointment : |
16.03.1995 |
|
DIN No : |
00041164 |
|
|
|
|
Name : |
Mr. Peter John Baptista |
|
Designation : |
Director |
|
Address : |
5-G Grenville House, 1 Magazine Gap Road, Hong Kong |
|
Date of Birth/Age : |
08.11.1943 |
|
Date of Appointment : |
26.05.2003 |
|
DIN No : |
05228555 |
|
|
|
|
Name : |
Mr. Sandeep Madan Prakash Gupta |
|
Designation : |
Additional Director |
|
Address : |
C-204 Vasant Sadhna, Mahaveer Nagar Kandivali (West) Mumbai – 400607,
Maharashtra, India |
|
Date of Birth/Age : |
17.09.1968 |
|
Date of Appointment : |
06.06.2012 |
|
DIN No : |
02355890 |
|
|
|
|
Name : |
Mr. Terry Blaine |
|
Designation : |
Additional Director |
|
Address : |
6B3D, Rose Garden Phase 3, Nanhai, Shekou,
Nanshan District. Shenzhen, Shenzhen, 518067, United States Of America |
|
Date of Birth/Age : |
28.06.1962 |
|
Date of Appointment : |
20.03.2012 |
|
DIN No : |
05310443 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 10.12.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
|
4500000 |
44.75 |
|
|
4500000 |
44.75 |
|
EMR (Mauritius) Mauritius |
1,055,992 |
10.50 |
|
Total |
10,055,992 |
100.00 |
%20PRIVATE%20LIMITED%20-%20257295%2001-Apr-2014_files/image016.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20257295%2001-Apr-2014_files/image017.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20257295%2001-Apr-2014_files/image019.gif)
AS ON 10.12.2013
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufactures of Uninterruptible Power
Supply (UPS) Systems, Climate and Environmental Systems, DC power systems,
Automatic Transfer Switches (ATS), Racks, Monitoring Solutions and Enclosures
for IT Server protection |
||||||||
|
|
|
||||||||
|
Products : |
·
Air and Power ·
Liebert ·
ASCO ·
Emerson Energy Systems
|
GENERAL INFORMATION
|
No. of Employees
: |
Information
declined by the management. |
|
|
|
|
Bankers : |
Not Divulged |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B B S R
and
Company Chartered Accountant |
|
Address : |
Lodha Enclave, Appolo Mills Compound, N.M. Joshi Marg, Mahalaxmi,
Mumbai - 400011, Maharashtra, India |
|
PAN No.: |
AAAFB9852F |
|
|
|
|
Ultimate Holding
Company : |
Emerson Electric Company, ST Louis, USA |
|
|
|
|
Fellow
Subsidiary Company : |
CIN No.: U29190MH1995PTC087858
CIN No.:
U33111TN1987PTC014841
CIN No.: U29196MH1981PTC024115
CIN No.: U32107PN1996PTC097677
CIN No.: U31101KA2000PTC026953
CIN No.: U31200DL1991PTC043306
CIN No.: U93090TN1985PLC024245
|
|
|
|
|
|
|
|
Holding Company : |
Liebert Corporation Inc, Columbus, USA |
CAPITAL STRUCTURE
As On 10.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs. 10/- each |
Rs. 110.000 millions |
|
3000000 |
Preference Shares |
Rs. 10/- each |
Rs. 30.000 millions |
|
|
|
|
Rs. 140.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10055992 |
Equity Shares |
Rs. 10/- each |
Rs.100.560
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
100.560 |
100.560 |
90.000 |
|
(b) Reserves & Surplus |
10,117.900 |
10,318.000 |
7,257.339 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
2,150.000 |
|
Total
Shareholders’ Funds (1) + (2) |
10,218.460 |
10,418.560 |
9,497.339 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
28.500 |
15.400 |
6.247 |
|
(d) long-term provisions |
208.300 |
108.900 |
102.431 |
|
Total
Non-current Liabilities (3) |
236.800 |
124.300 |
108.678 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
69.000 |
0.000 |
|
(b) Trade payables |
1,939.640 |
1,784.340 |
1,646.654 |
|
(c) Other current liabilities |
907.000 |
842.600 |
618.955 |
|
(d) Short-term provisions |
399.800 |
244.000 |
193.912 |
|
Total
Current Liabilities (4) |
3,246.440 |
2,939.940 |
2,459.521 |
|
|
|
|
|
|
TOTAL |
13,701.700 |
13,482.800 |
12,065.538 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
304.900 |
325.900 |
308.497 |
|
(ii) Intangible Assets |
58.900 |
80.500 |
83.149 |
|
(iii) Capital work-in-progress |
754.900 |
423.500 |
34.675 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5,746.300 |
7,531.700 |
7,486.616 |
|
(c) Deferred tax assets (net) |
163.900 |
77.700 |
56.135 |
|
(d) Long-term Loan and Advances |
450.700 |
469.200 |
407.409 |
|
(e) Other Non-current assets |
13.200 |
16.700 |
3.947 |
|
Total
Non-Current Assets |
7,492.800 |
8,925.200 |
8,380.428 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
856.900 |
766.900 |
789.875 |
|
(c) Trade receivables |
2,751.400 |
2,533.600 |
2,176.166 |
|
(d) Cash and cash equivalents |
2,208.900 |
853.600 |
200.029 |
|
(e) Short-term loans and
advances |
325.700 |
395.700 |
507.145 |
|
(f) Other current assets |
66.000 |
7.800 |
11.895 |
|
Total
Current Assets |
6,208.900 |
4,557.600 |
3,685.110 |
|
|
|
|
|
|
TOTAL |
13,701.700 |
13,482.800 |
12,065.538 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
TOTAL
REVENUE |
10,302.800 |
9,722.000 |
8,391.250 |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
9,185.000 |
8,372.300 |
6,892.830 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
1,117.800 |
1,349.700 |
1,498.420 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
345.400 |
428.400 |
514.650 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
772.400 |
921.300 |
983.770 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
76.81 |
-- |
-- |
KEY RATIOS
|
PARTICULARS |
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.85
|
13.88 |
17.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.89
|
24.77 |
33.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.13 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.00
|
0.01 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.91
|
1.55 |
1.50 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
90.000 |
100.560 |
100.560 |
|
Reserves & Surplus |
7,257.339 |
10,318.000 |
10,117.900 |
|
Share Application money
pending allotment |
2,150.000 |
0.000 |
0.000 |
|
Net
worth |
9,497.339 |
10,418.560 |
10,218.460 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
69.000 |
0.000 |
|
Total
borrowings |
0.000 |
69.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.007 |
0.000 |
%20PRIVATE%20LIMITED%20-%20257295%2001-Apr-2014_files/image021.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
8,391.250 |
9,722.000 |
10,302.800 |
|
|
|
15.859 |
5.974 |
%20PRIVATE%20LIMITED%20-%20257295%2001-Apr-2014_files/image023.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
8,391.250 |
9,722.000 |
10,302.800 |
|
Profit After Tax |
983.770 |
921.300 |
772.400 |
|
|
11.72% |
9.48% |
7.50% |
%20PRIVATE%20LIMITED%20-%20257295%2001-Apr-2014_files/image025.gif)
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 |
Yes |
|
23] |
Banking
Details |
No |
|
24] |
Banking
facility details |
No |
|
25] |
Conduct
of the banking account |
----- |
|
26] |
Buyer
visit details |
---- |
|
27] |
Financials,
if provided |
Yes |
|
28] |
Incorporation
details, if applicable |
Yes |
|
29] |
Last
accounts filed at ROC |
Yes |
|
30] |
Major
Shareholders, if available |
Yes |
|
31] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
UNSECURED LOANS
|
Particulars |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Short Term
Borrowings |
|
|
|
Rupee term loan from bank |
0.000 |
69.000 |
|
|
|
|
|
Total |
0.000 |
69.000 |
|
|
|
|
REVIEW OF
OPERATIONS AND OUTLOOK:-
The ” new
products” introduced and “ Next Generation UPS Solution, DCIM product portfolio”
offered to the Customers during the year have been well received by the users
and this welcome addition has since then been reflected in the Company’s
increasing order booking and sales for those products.
The Company
expects growth, despite challenging market conditions, in UPS, Air
Conditioning, DC and other Telecom equipment business. Company’s venture in to
overseas market and establishing registered Company at Bangladesh also shows
substantial business opportunities. The Company also working with Emerson
Corporate to incorporate Private Limited Company at Sri Lanka to explore
business opportunities in particularly, telecom and power markets.
|
LITIGATION DETAILS |
|||||
|
Bench:- Bombay |
|||||
|
Presentation date : - 22.11.2013 |
|||||
|
Lodging No:- |
CPL/793/2013 |
Failing Date:- |
22.11.2013 |
|
|
|
|
Res.Adv:- |
0 |
|||
|
Petitioner:- |
NITIN FIRE PROTECTION INDUSTRIES LIMITED |
Respondent:- |
EMERSON NETWORK POWER (INDIA) PRIVATE LIMITED |
||
|
Petn.Adv:- |
M/S CRAWFORD BAILEY COMPANY |
||||
|
District:- |
MUMBAI |
||||
|
Bench:- |
SINGLE |
Category:- |
COMPANY PETITION U/SEC 433,434,439 COMPANIES ACT |
||
|
Status:- |
Pre-Admission |
Stage:- |
|||
|
Last Date:- |
29.11.2013 |
||||
|
Last Coram:- |
REGISTRAR (OS)/ PROTHONOTARY AND SR. MASTER |
||||
|
Act:- |
COMPANIES ACT AND RULES 1956 |
Under Section : 433,434,439 |
|||
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.60.10 |
|
|
1 |
Rs.9985 |
|
Euro |
1 |
Rs.82.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
NVA |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
60 |
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.