MIRA INFORM REPORT
|
Report Date : |
07.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
C&S ELECTRIC LIMITED (w.e.f. 03.12.2008) |
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Formerly Known
As : |
CONTROLS AND SWITCHGEAR COMPANY LIMITED |
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Registered
Office : |
222 Okhla Industrial Estate, New Delhi-110020 |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
15.06.1971 |
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Com. Reg. No.: |
55-005672 |
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Capital
Investment / Paid-up Capital : |
Rs.44.229
Millions |
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CIN No.: [Company Identification
No.] |
U31909DL1971PLC005672 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELC06422D |
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PAN No.: [Permanent Account No.] |
AAACC0909K |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer,
Exporter and Importer of Electrical Switchgear and Control Gear Products. |
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No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 17753400 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record.
Overall financial position of the company is decent. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitments. The company can be considered normal for business dealing 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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 DECLINED
Management non co-operative [91-11-30887520]
LOCATIONS
|
Registered Office/ Head Office/ Work : |
222 Okhla Industrial Estate, New Delhi-110020, |
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Tel. No.: |
91-11-30887520/ 29 |
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Fax No.: |
91-11-26847154/ 26829063 |
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E-Mail : |
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Website : |
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Factory 1 : |
A-7 and 8, Sector-VIII, Noida-201301, District Gautam Budh Nagar, |
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Tel. No.: |
91-120-3914301/ 02 |
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Fax No.: |
91-120-3914303 |
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Factory 2 : |
C-59, Phase-II, Noida-201305, District Gautam Budh Nagar, |
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Tel. No.: |
91-120-3048800/ 02 |
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Fax No.: |
91-120-3048801 |
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Factory 3 : |
C-58, Phase-II, Noida-201305, District Gautam Budh Nagar, |
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Tel. No.: |
91-120-3048709 |
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Fax No.: |
91-120-32042149 |
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Factory 4 : |
B-1, Site-IV, Surajpur Industrial Area, Kasna Road, Greater Noida,
District Gautam Budh Nagar, Uttar Pradesh, India |
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Tel. No.: |
91-120-3914500/ 01 |
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Fax No.: |
91-120-2341896 |
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Factory 5 : |
44, Okhla Industrial Estate, Phase-III, New Delhi-110020, |
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Tel. No.: |
91-11-30883763 |
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Fax No.: |
91-11-26832259 |
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Factory 6 : |
NSEZ Plot No. 63, NSEZ, Noida-201305, |
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Tel. No.: |
91-120-3074391 |
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Fax No.: |
91-120-3042149 |
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Factory 7 : |
1C, Sector-8C, Integrated Industrial Estate, Ranipur, Haridwar-249403,
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Tel. No.: |
91-1334-239551/ 52 |
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Fax No.: |
91-1334-239292 |
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Factory 8 : |
Plot No. 1B, Sector-8C, Integrated Industrial Estate (SIDCUL),
Ranipur, Haridwar-249403, |
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Tel. No.: |
91-1334-308101/ 02 |
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Fax No.: |
91-1334-239694 |
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Factory 9 : |
Plot No. 1A Sector – 11, Integrated Industrial Estate (SIDCUL),
Ranipur, Haridwar-249403 , Uttarakhand, India |
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Tel. No.: |
91-1334-239212 |
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Fax No.: |
91-1334-239217 |
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Factory 10 : |
Plot No. 1A/3, Sector-8 C, Integrated Industrial Estate (SIDCUL),
Ranipur, Haridwar-249403 , Uttarakhand, India |
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Tel. No.: |
91-1334-300800 |
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Fax No.: |
91-1334-300801 |
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Factory 11 : |
Plot No. 10, Sector-11, Integrated Industrial Estate (SIDCUL),
Ranipur, Haridwar-249403, Uttarakhand, India |
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Tel. No.: |
91-1334-315215 |
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Factory 12 : |
Plot No. 2, Sector-8 C, Integrated Industrial Estate (SIDCUL), Ranipur,
Haridwar-249403, Uttarakhand, India |
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Tel. No.: |
91-1334-308130-144 |
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Fax No.: |
91-1334-308139 |
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Factory 13 : |
C AND S CHINA PLANT No.2, Wangyang Industry Park, Zhanghishan Towen,
Tongzhou City, Jiangsu Province, China – 226311 |
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Factory 14 : |
ETACOM BOOM |
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Marketing Offices : |
Located At: ·
·
·
Jaipur ·
·
·
Ahmedabad ·
·
·
·
·
Kolkata ·
Pune ·
Mumbai ·
Bhubaneshwar ·
Secunderabad ·
·
Bengaluru ·
Chennai ·
·
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DIRECTORS
AS ON 20.09.2013
|
Name : |
Mr. Sanjay Kumar Bhattacharyya |
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Designation : |
Director |
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Address : |
F-1/4, Chaitanya Mahaprabhu Marg, Hauz Khas Enclave, New Delhi-110016 |
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Date of Birth/Age : |
08.11.2011 |
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Date of Appointment : |
31.10.150 |
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Din No.: |
01924770 |
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Name : |
Mr. Prithvi Raj Khanna |
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Designation : |
Director |
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Address : |
70, Sunder Nagar, New Delhi-110003, |
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Date of Birth/Age : |
02.07.1933 |
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Date of Appointment : |
09.07.2009 |
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Din No.: |
00048800 |
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Name : |
Mr. V N Koura |
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Designation : |
Director |
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Address : |
7, Navjiwan Vihar, New Delhi-110017, |
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Date of Birth/Age : |
08.04.1940 |
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Date of Appointment : |
09.07.2009 |
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Din No.: |
00010210 |
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Name : |
Mr. Ravinder Nath Khanna |
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Designation : |
Director |
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Address : |
C-69, Friends Colony, Mathura Road, New Delhi-110065, |
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Date of Birth/Age : |
28.01.1940 |
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Date of Appointment : |
15.06.1971 |
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Din No.: |
00024444 |
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Name : |
Mr. Ashok Khanna |
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Designation : |
Director |
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Address : |
14, Ishwar Nagar, Mathura Road, New Delhi-110065, |
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Date of Birth/Age : |
31.08.1945 |
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Date of Appointment : |
15.06.1971 |
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Din No.: |
00003335 |
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Name : |
Mr. Rishi Nath Khanna |
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Designation : |
Director |
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Address : |
C-69, Friends Colony, Mathura Road, New Delhi-110065, |
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Date of Birth/Age : |
18.12.1973 |
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Date of Appointment : |
19.04.1999 |
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Din No.: |
00024808 |
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Name : |
Mr. Anuj Khanna |
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Designation : |
Director |
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Address : |
14, Ishwar Nagar, Mathura Road, New Delhi-110065, |
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Date of Birth/Age : |
12.07.1973 |
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Date of Appointment : |
19..04.1999 |
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Din No.: |
00025087 |
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Name : |
Mr. Aditya Khanna |
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Designation : |
Director |
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Address : |
14, Ishwar Nagar, Mathura Road, New Delhi-110065, |
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Date of Birth/Age : |
12.06.1978 |
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Date of Appointment : |
17.01.2005 |
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Din No.: |
00065107 |
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Name : |
Mrs. Radhika Kapoor |
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Designation : |
Director |
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Address : |
C-19, Friends Colony, New Delhi-110065, |
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Date of Birth/Age : |
12.01.1971 |
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Date of Appointment : |
24.07.2006 |
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Din No.: |
00065337 |
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Name : |
Mr. Biplab Majumder |
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Designation : |
Director |
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Address : |
Apartment No. H1301, Mantri Espana, Kanyammana, Agrahara, Outer Ring
Road, Bangalore-560103, Karnataka, India |
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Date of Birth/Age : |
01.03.2013 |
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Date of Appointment : |
14.09.1948 |
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Din No.: |
00064467 |
KEY EXECUTIVES
|
Name : |
Mr. L K Khanna |
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Designation : |
Secretary |
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Address : |
9/102, Ramesh Nagar, New Delhi-110015, India |
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Date of Birth/Age : |
21.04.1957 |
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Date of Appointment : |
09.07.2009 |
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Pan No.: |
AAAPK0919K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 20.09.2013
NOTE: SHAREHOLDING DETAILS FILE ATTACHED.
AS ON 20.09.2013
|
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] |
|
9.52 |
|
Bodies
corporate |
|
0.04 |
|
Directors
or relatives of directors |
|
89.77 |
|
Other
top fifty shareholders |
|
0.35 |
|
Others
|
|
0.32 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of
Electrical Switchgear and Control Gear Products. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Information denied by the management. |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Deloittee Haskins and Sells Chartered Accountant |
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Address : |
7th Floor, Tower B, Building No. 10, |
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PAN No: |
AABFD2095B |
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Subsidiaries : |
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Joint Venture : |
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Other Related Parties : |
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CAPITAL STRUCTURE
AS ON 20.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
48651592 |
Equity Shares |
Rs.10/- each
|
Rs.486.516 Millions
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28000000 |
Equity Shares |
Rs.10/- each |
RS.280.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4422900 |
Equity Shares |
Rs.10/- each
|
Rs.44.229
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 |
44.229 |
44.229 |
44.229 |
|
(b) Reserves & Surplus |
4394.127 |
3971.036 |
3586.370 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
4438.356 |
4015.265 |
3630.599 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
228.560 |
346.575 |
413.989 |
|
(b) Deferred tax liabilities (Net) |
102.822 |
109.329 |
108.224 |
|
(c) Other long term liabilities |
15.861 |
14.207 |
11.524 |
|
(d) long-term provisions |
38.257 |
40.629 |
25.881 |
|
Total Non-current Liabilities (3) |
385.500 |
510.740 |
559.618 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1779.051 |
1339.392 |
1151.269 |
|
(b) Trade payables |
1863.949 |
2046.928 |
1495.239 |
|
(c) Other current liabilities |
560.123 |
581.543 |
413.129 |
|
(d) Short-term provisions |
24.957 |
30.283 |
26.391 |
|
Total Current Liabilities (4) |
4228.080 |
3998.146 |
3086.028 |
|
|
|
|
|
|
TOTAL |
9051.936 |
8524.151 |
7276.245 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1865.324 |
1803.414 |
1426.750 |
|
(ii) Intangible Assets |
49.059 |
40.199 |
49.510 |
|
(iii) Capital work-in-progress |
24.391 |
34.928 |
247.628 |
|
(iv) Intangible assets under development |
14.777 |
13.879 |
12.187 |
|
(b) Non-current Investments |
399.182 |
178.618 |
216.329 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
334.088 |
438.318 |
162.118 |
|
(e) Other Non-current assets |
310.189 |
417.270 |
313.824 |
|
Total Non-Current Assets |
2997.010 |
2926.626 |
2428.346 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
260.148 |
234.941 |
414.729 |
|
(b) Inventories |
1724.686 |
1559.164 |
1529.577 |
|
(c) Trade receivables |
3621.852 |
3419.708 |
2349.517 |
|
(d) Cash and cash equivalents |
192.506 |
221.815 |
346.367 |
|
(e) Short-term loans and advances |
212.817 |
155.764 |
189.671 |
|
(f) Other current assets |
42.917 |
6.133 |
18.038 |
|
Total Current Assets |
6054.926 |
5597.525 |
4847.899 |
|
|
|
|
|
|
TOTAL |
9051.936 |
8524.151 |
7276.245 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
SALES |
|
|
|
|
|
Income |
9006.944 |
8028.422 |
6740.080 |
|
|
Other Income |
81.681 |
81.682 |
99.933 |
|
|
TOTAL (A) |
9088.625 |
8110.104 |
6840.013 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
5789.077 |
4796.321 |
3979.802 |
|
|
Purchases of
Stock-in-Trade |
188.077 |
313.920 |
221.910 |
|
|
Employees benefits
expense |
1097.514 |
992.028 |
887.932 |
|
|
Other expenses |
1295.600 |
1144.722 |
1070.178 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(200.341) |
(39.999) |
(116.818) |
|
|
TOTAL (B) |
8169.927 |
7206.992 |
6043.004 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
918.698 |
903.112 |
797.009 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
264.233 |
220.533 |
149.054 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
654.465 |
682.579 |
647.955 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
160.498 |
142.443 |
109.267 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
493.967 |
540.136 |
538.688 |
|
|
|
|
|
|
|
Less |
TAX (H) |
56.844 |
51.523 |
130.772 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
437.123 |
488.613 |
407.916 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD (K) |
2411.895 |
1986.133 |
1632.068 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
50.000 |
50.000 |
41.000 |
|
|
Proposed Dividend |
11.057 |
11.057 |
11.057 |
|
|
Corporate Dividend Tax |
1.879 |
1.794 |
1.794 |
|
|
Total (M) |
62.936 |
62.851 |
53.851 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S (J+K+L-M) |
2786.082 |
2411.895 |
1986.133 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1492.086 |
1106.107 |
859.539 |
|
|
TOTAL EARNINGS |
1492.086 |
1106.107 |
859.539 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
896.905 |
726.160 |
768.081 |
|
|
Components and Stores
parts |
6.618 |
3.820 |
27.219 |
|
|
Capital Goods |
30.006 |
13.089 |
23.388 |
|
|
TOTAL IMPORTS |
933.529 |
743.069 |
818.688 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
8.98 |
10.04 |
92.23 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.81
|
6.02 |
5.96 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.48
|
6.73 |
7.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.73
|
6.51 |
7.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.13 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.45
|
0.42 |
0.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43
|
1.40 |
1.57 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
44.229 |
44.229 |
44.229 |
|
Reserves & Surplus |
3586.370 |
3971.036 |
4394.127 |
|
Net worth |
3630.599 |
4015.265 |
4438.356 |
|
|
|
|
|
|
long-term borrowings |
413.989 |
346.575 |
228.560 |
|
Short term borrowings |
1151.269 |
1339.392 |
1779.051 |
|
Total borrowings |
1565.258 |
1685.967 |
2007.611 |
|
Debt/Equity ratio |
0.431 |
0.420 |
0.452 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
6740.080 |
8028.422 |
9006.944 |
|
|
|
19.115 |
12.188 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
6740.080 |
8028.422 |
9006.944 |
|
Profit |
407.916 |
488.613 |
437.123 |
|
|
6.05% |
6.09% |
4.85% |
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 |
Yes |
|
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 |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
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 |
10483276 |
06/03/2014 |
150,000,000.00 |
STANDARD CHARTERD BANK |
CREDIT DOCUMENTATION
UNIT, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA |
B98775117 |
|
2 |
10411040 |
17/01/2013 |
300,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT
MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
B70519640 |
|
3 |
10387468 |
23/11/2012 |
350,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
B62334099 |
|
4 |
10387984 |
26/10/2012 |
550,000,000.00 |
ING VYSYA BANK LIMITED |
NARIAN MANZIL, GROUND
FLOOR, SHOP NO. G1 TO G5, I |
B62557236 |
|
5 |
10375228 |
14/08/2012 |
400,000,000.00 |
CITIBANK N.A |
JEEVAN BHARTI BUILDING,
4TH FLOOR, 124 CONNAUGHT |
B57571838 |
|
6 |
10331230 |
30/01/2014 * |
500,000,000.00 |
IDBI BANK LIMITED |
GROUND FLOOR, PACIFIC
BUSINESS PARK, PLOT NO.37/1, |
C00554022 |
|
7 |
10305330 |
16/08/2011 |
1,915,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, A-5
SOUTH EXTENSION PART -I, NEW DELHI - 110048, INDIA |
B20105839 |
|
8 |
10269394 |
17/04/2013 * |
100,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA, DR. |
B75385906 |
|
9 |
10242278 |
12/06/2012 * |
300,000,000.00 |
STANDARD CHARTERED BANK
(ACTING AS AN SECURITY AGE |
CREDIT DOCUMENTATION
UNIT, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA |
B41738295 |
|
10 |
10221638 |
19/12/2011 * |
250,000,000.00 |
INDUSIND BANK LIMITED |
DR. GOPAL DAS BUILDING,,
28, BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA |
B28743243 |
* Date of charge modification
|
CASE DETAILS: IN THE HIGH
COURT OF DELHI AT NEW DELHI CS(OS) 2378/2013
versus C and S ELECTRIC
LIMITED..... Defendant Through: Mr.
C.M. Lall and Ms. Nancy Roy, Advocates CORAM: HON'BLE MR.
JUSTICE A.K. PATHAK
ORDER
MARCH 18, 2014 Ga $ 24 |
OPERATIONS:
The gross sales for the
year were Rs. 9593.760 Millions as against Rs. 8504.038 Millions for the
previous year registering an increase of about 12.81%. The profit before tax
(after interest and depreciation) of Rs. 493.967 Millions as against Rs.
540.136 Millions during previous and profit after tax of Rs. 437.123 Millions
for the year as against Rs. 488.613 Millions for the previous year registered a
decline of nearly 8.6% and 10.5% respectively.
OUTLOOK:
The company continues to
maintain a healthy order book of Rs. 5189.000 Millions (mainly in project based
businesses). With such order book in hand, the Company expects to register a
modest growth in its turnover during the current fiscal. However on account of
rising costs the margins continue to be under pressure.
|
Unsecured Loan |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Short Term
Borrowings |
|
|
|
Loans repayable on demand from banks |
150.000 |
150.000 |
|
TOTAL
|
150.000 |
150.000 |
FIXED ASSETS:
- Land
- Building
- Plant and
Machinery
- Furniture and
Fixture
- Vehicles
- Goodwill
- Software
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 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.60.32 |
|
|
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
YES |
|
--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.