1. Summary Information
|
|
|
Country |
INDIA |
|
Company Name |
IRIS COMPUTERS LIMITED |
Principal Name 1 |
Mr. Sanjiv Krishen |
|
Status |
SATISFACTORY |
Principal Name 2 |
Mr. Som Nath Arya |
|
|
|
Registration # |
55-081490 |
|
Street Address |
E-69, VASANT MARG, VASANT VIHAR, NEW DELHI – 110 057 |
||
|
Established Date |
28.08.1996 |
SIC Code |
-- |
|
Telephone# |
91-11-26146808 |
Business Style 1 |
Distributor |
|
Fax # |
91-11-26149613/ 26782510 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
IT Product |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
RS. 41,368,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign Holdings-16% Bodies
Corporate-8% Directors
or Relatives Of Directors-74% Other
Top Fifty Shareholders-2% |
Banking |
Axis Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
17 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
-- |
IRIS Unified Technologies Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
4,056,335,000 |
Current Liabilities |
3,882,457,000 |
|
Inventories |
1,454,553,000 |
Long-term Liabilities |
816,706,000 |
|
Fixed Assets |
11,872,000 |
Other Liabilities |
191,172,000 |
|
Deferred Assets |
14,048,000 |
Total Liabilities |
4,890,335,000 |
|
Invest& other Assets |
4,691,000 |
Retained Earnings |
609,796,000 |
|
|
|
Net Worth |
651,164,000 |
|
Total Assets |
5541,499,000 |
Total Liab. & Equity |
5,541,499,000 |
|
Total Assets (Previous Year) |
3,291,632,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
16,211,787,000 |
Net Profit |
95,062,000 |
|
Sales(Previous yr) |
10,961,093,000 |
Net Profit(Prev.yr) |
69,650,000 |
MIRA INFORM REPORT
|
Report Date : |
07.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
IRIS COMPUTERS LIMITED |
|
|
|
|
Registered
Office : |
E-69, Vasant Marg, Vasant Vihar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
28.08.1996 |
|
|
|
|
Com. Reg. No.: |
55-081490 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.41.368
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72100DL1996PLC081490 |
|
|
|
|
TIN No. : |
07060189977 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELI02189F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI9670H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributor of IT Product. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. The rating reflects established market position of ICL in the business
of distribution of computers, consistent growth in the operations, wide
distribution network, its long association with the reputed vendors and sound
general financial position of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: BBB |
|
Rating Explanation |
Moderate degree at safety and moderate credit risk. |
|
Date |
15.01.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: A3 |
|
Rating Explanation |
Moderate degree at safety and high credit risk. |
|
Date |
15.01.2014 |
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 : |
E-69, Vasant Marg, Vasant Vihar, |
|
Tel. No.: |
91-11-26146808/ 26782505/ 54/ 26782505 |
|
Fax No.: |
91-11-26149613/ 26782510 |
|
E-Mail : |
sanjiv.krishen@iriscomputers.net |
|
Website : |
|
|
Locations : |
Owned |
|
|
|
|
Head Office / Branch Office: |
8, Goyal Intercity Row House Near Drive In Cinema, Drive In Road,
Thaltej, Ahmedabad, Gujarat, India |
|
|
|
|
Corporate Office : |
A-155, Road No.4, Mahipalpur, |
|
Tel. No.: |
91-11-26782505 |
|
Fax No.: |
91-11-26782510 |
DIRECTORS
As on: 25.08.2012
|
Name : |
Mr. Sanjiv Krishen |
|
Designation : |
Director |
|
Address : |
E-69, Vasant Marg, Vasant Vihar, |
|
Date of Birth/Age : |
24.03.1948 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
28.08.1996 |
|
DIN No : |
01356670 |
|
PAN No.: |
AASPK3393E |
|
|
|
|
Name : |
Mr. Som Nath Arya |
|
Designation : |
Director |
|
Address : |
M-98, Ground Floor, Saket, |
|
Date of Birth/Age : |
12.05.1944 |
|
Qualification : |
B.E. Electronics (Hons) |
|
Date of Appointment : |
15.04.2005 |
|
DIN No : |
00162973 |
|
PAN No.: |
AAAPA3428L |
|
|
|
|
Name : |
Ms. Kamini Talwar |
|
Designation : |
Director |
|
Address : |
A2/102, |
|
Date of Birth/Age : |
31.05.1960 |
|
Qualification : |
M.Com, ICWA |
|
Date of Appointment : |
15.04.2005 |
|
DIN No : |
01391323 |
|
PAN No.: |
ACDPT1406A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 25.08.2012
|
Names of Shareholders |
No. of Shares |
|
Sanjiv Kirshen |
1822095 |
|
Deepa Krishen |
909990 |
|
Newco Group Limited, |
335331 |
|
ESAPI Limited, |
342650 |
|
Sanjay Krishen |
38500 |
|
Som Nath Arya |
130690 |
|
Kamini Talwar |
130690 |
|
Sanjiv Krishen – HUF |
43805 |
|
Kanta Krishen |
10 |
|
Rakesh Bihal |
2000 |
|
Jairaj Singh |
1000 |
|
Manoj Kumar |
2000 |
|
Rajesh Kandpal |
1000 |
|
R. Sundaesan |
2500 |
|
Sameer Chaudhary |
5000 |
|
Kuldeep Kumar |
2000 |
|
Suresh Joshi |
1000 |
|
Anil Singh |
1000 |
|
Grechkesh Diman |
2000 |
|
Kunal Dutt Tiwari |
1000 |
|
Monica Bhatia |
1000 |
|
Neena Jaswal |
2500 |
|
Patel Nilesh |
2500 |
|
Jayesh Bhavsar |
1000 |
|
Vinod Kumar Mishra |
2500 |
|
D.V.N. Sai |
1000 |
|
Prasad M.K |
2000 |
|
Sunshine Housecon Limited, India |
50000 |
|
Sharadaraj Tradefin Limited, India |
50000 |
|
Consortium Financial Resources Limited, India |
100000 |
|
Lawrence Buildcon Limited, India |
75000 |
|
Sunmoon Vision Infradevelopers Private Limited, India |
75000 |
|
Total |
4136761 |
Equity Share Break up (Percentage of Total Equity)
As on: 25.08.2012
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
16.00 |
|
Bodies corporate |
|
8.00 |
|
Directors or relatives of directors |
|
74.00 |
|
Other top fifty shareholders |
|
2.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of IT Products. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
Tel
No.: 91-11-42545512
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution : |
SBI Factors and Commercial Services Private Limited, 903-906,
Raheja Chambers, 9th Floor, Free Press Journal Marg, Nariman Point, Mumbai -
400021, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Jain Christopher Srikanth and Srikanth Chartered Accountants |
|
Address : |
#20, 2nd Floor, Uniworth Plaza, Sankey Road , Bangalore, Karnataka, India |
|
PAN No.: |
AADFJ0586H |
|
|
|
|
Associates over which Key Managerial Personnel or their relatives are
able to exercise significant influence : |
|
CAPITAL STRUCTURE
As on: 25.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs. 45.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4136761 |
Equity Shares |
Rs.10/- each |
Rs. 41.368
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
EQUITY AND
LIABILITIES |
|
|
|
|
(1) Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
41.368 |
41.368 |
|
(b) Reserves & Surplus |
|
609.796 |
578.681 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
651.164 |
620.049 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
1.031 |
0.735 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
13.304 |
10.434 |
|
(d) Long-term provisions |
|
5.395 |
5.309 |
|
Total Non-current
Liabilities (3) |
|
19.730 |
16.478 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
815.675 |
625.868 |
|
(b) Trade payables |
|
3761.613 |
1815.584 |
|
(c) Other current liabilities |
|
107.540 |
46.019 |
|
(d) Short-term provisions |
|
185.777 |
167.634 |
|
Total Current
Liabilities (4) |
|
4870.605 |
2655.105 |
|
|
|
|
|
|
TOTAL |
|
5541.499 |
3291.632 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
11.817 |
8.866 |
|
(ii) Intangible Assets |
|
0.055 |
0.208 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
4.691 |
0.000 |
|
(c) Deferred tax assets (net) |
|
14.048 |
13.545 |
|
(d) Long-term Loan and Advances |
|
5.882 |
4.868 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
36.493 |
27.487 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1454.553
|
1002.259
|
|
(c) Trade receivables |
|
3801.565
|
1882.412
|
|
(d) Cash and cash equivalents |
|
25.021
|
155.684
|
|
(e) Short-term loans and advances |
|
223.867
|
223.790
|
|
(f) Other current assets |
|
0.000
|
0.000
|
|
Total Current
Assets |
|
5505.006 |
3264.145 |
|
|
|
|
|
|
TOTAL |
|
5541.499 |
3291.632 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
37.493 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
435.406 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
472.899 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
745.028 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
745.028 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1217.927 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
28.974 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
9.866 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
654.971
|
|
|
Sundry Debtors |
|
|
2719.765
|
|
|
Cash & Bank Balances |
|
|
30.492
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
52.715
|
|
Total
Current Assets |
|
|
3457.943
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
2214.778
|
|
|
Other Current Liabilities |
|
|
57.407
|
|
|
Provisions |
|
|
6.671
|
|
Total
Current Liabilities |
|
|
2278.856
|
|
|
Net Current Assets |
|
|
1179.087
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1217.927 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Operating revenue, net |
16211.787 |
10961.093 |
8113.432 |
|
|
|
Other Income |
28.201 |
82.762 |
113.325 |
|
|
|
TOTAL (A) |
16239.988 |
11043.855 |
8226.757 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
16194.040 |
10950.858 |
-- |
|
|
|
Changes in inventories
of finished goods, work-in-progress and stock-in-trade |
(452.295) |
(347.288) |
-- |
|
|
|
Employee benefit expense |
98.375 |
75.319 |
63.999 |
|
|
|
Other expenses |
93.328 |
103.738 |
-- |
|
|
|
Consumption materials changes inventories |
-- |
-- |
7838.400 |
|
|
|
Administrative, selling & other expenses |
-- |
-- |
104.936 |
|
|
|
Prior Period Income/Expenses |
-- |
-- |
0.072 |
|
|
|
TOTAL (B) |
15933.448 |
10782.627 |
8007.407 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
306.540 |
261.228 |
219.350 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST
FINANCIAL EXPENSES (D) |
158.122 |
154.320 |
119.365 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
148.418 |
106.908 |
99.985 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.639 |
2.556 |
5.869 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
145.779 |
104.352 |
94.116 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
50.717 |
34.702 |
31.850 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
95.062 |
69.650 |
62.266 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
NA |
NA |
234.610 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
|
10.347 |
179.202 |
|
|
|
Export of Services |
|
0.000 |
10.939 |
|
|
TOTAL EARNINGS |
50.622 |
10.347 |
190.141 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase of traded goods |
NA |
503.228 |
625.823 |
|
|
TOTAL IMPORTS |
NA |
503.228 |
625.823 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
22.98 |
18.24 |
17.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.59 |
0.63 |
0.76
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.90 |
0.95 |
1.16
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.63 |
3.18 |
2.70
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.17 |
0.20
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.26 |
1.01 |
1.58
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.23 |
1.51
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
41.368 |
41.368 |
|
Reserves & Surplus |
578.681 |
609.796 |
|
Net
worth |
620.049 |
651.164 |
|
|
|
|
|
long-term borrowings |
0.735 |
1.031 |
|
Short term borrowings |
625.868 |
815.675 |
|
Total
borrowings |
626.603 |
816.706 |
|
Debt/Equity
ratio |
1.011 |
1.254 |
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 |
8,113.432 |
10,961.093 |
16,211.787 |
|
|
|
35.098 |
47.903 |
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 |
8,113.432 |
10,961.093 |
16,211.787 |
|
Profit |
62.266 |
69.650 |
95.062 |
|
|
0.77% |
0.64% |
0.59% |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
FINANCIAL RESULTS /
OPERATIONS
They completed one more successful year with a record revenue of Rs 16240.000 millions and a profit before tax of Rs 145.800 millions.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10460531 |
29/09/2013 |
1,687,500,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA TOWERS, 25, BARAKHAMBHA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B89667430 |
|
2 |
10428720 |
29/04/2013 |
100,000,000.00 |
ING VYSYA BANK LIMITED |
NARIAN MANZIL, GROUND FLOOR, SHOP NO. G1 TO G5, IFLOOR,SHOP NO.1001 TO 1007,BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B76104983 |
|
3 |
10352103 |
21/03/2012 |
100,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI, KOLHAPUR, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
B38352951 |
|
4 |
10308044 |
02/07/2013 * |
100,000,000.00 |
AXIS BANK LIMITED |
2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B82346842 |
|
5 |
10185476 |
21/10/2009 |
500,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, JAWAHAR VYAPAR BHAWAN, |
A73411100 |
|
6 |
90057264 |
28/06/2012 * |
80,000,000.00 |
CITIBANK N.A |
JEEVAN BHARTI BUILDING, 4TH FLOOR, 124, CONNAUGHT CIRCUS, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
B43571967 |
* Date of charge modification
FIXED ASSETS
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Computer equipment’s
- Other equipment’s
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. 100.03 |
|
Euro |
1 |
Rs. 82.66 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPH |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
45 |
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.