1. Summary Information
|
|
|
Country |
|
|
Company Name |
GIRIAS INVESTMENT PRIVATE LIMITED |
Principal Name 1 |
Mr. Pannalal Giria |
|
Status |
Good |
Principal Name 2 |
Mr. Kanhailal Giria |
|
|
|
Registration # |
08-025042 |
|
Street Address |
No. 47, 3rd Floor, 3rd Main, 15th Cross, Margosa Road, Malleshwaram, Bangalore - 560003, Karnataka |
||
|
Established Date |
08.04.1999 |
SIC Code |
-- |
|
Telephone# |
91-80-22204189 / 22264551 |
Business Style 1 |
Dealer |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Not Available |
Product Name 1 |
Electronic Goods |
|
# of employees |
Not Divulged |
Product Name 2 |
Home Appliances |
|
Paid up capital |
Rs. 44,887,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors 100.00% |
Banking |
HDFC
Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
15 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (53) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary
|
|
Uttaranchal Tea Company
Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
421,514,000 |
Current Liabilities |
208,732,000 |
|
Inventories |
255,503,000 |
Long-term Liabilities |
287,358,000 |
|
Fixed Assets |
518,792,000 |
Other Liabilities |
17,414,000 |
|
Deferred Assets |
9,653,000 |
Total Liabilities |
513,504,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
647,071,000 |
|
|
|
Net Worth |
691,958,000 |
|
Total Assets |
1,205,462,000 |
Total Liab. &
Equity |
1,205,462,000 |
|
Total Assets (Previous Year) |
1,122,197,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
195,141,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
99,376,000 |
MIRA
INFORM REPORT
|
Report Date : |
08.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
GIRIAS INVESTMENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 47, 3rd Floor, 3rd Main, 15th Cross, Margosa Road, Malleshwaram, Bangalore - 560003, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
08.04.1999 |
|
|
|
|
Com. Reg. No.: |
08-025042 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 44.887 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51395KA1999PTC025042 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRG00914E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG3246Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealers in Electrical and Electronics Goods and Home Appliances of
Numerous Types. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2770000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track record. Financial position
of the company is good. Trade relations are reported as fair. Business is
active. Payments are reported to be regular and as per commitment. The company can be considered normal 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
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years,
according to the Indian Banks Association. A study by trade lobby Assocham in September 2013 indicated that banks would need
800000 people in the next six years. It estimated that state-run lenders alone
would hire 50000 people in 2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December. Maharashtra
topped the list of Rs 14190 mn
followed by Andhra Pradesh at Rs 8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi slipped four notches to become
the world’s eighth most expensive office locations. London’s West End is the
world’s most expensive office market.
There are 4.072 mn number of high value spenders under the scanner of the
income tax department. The income tax department has information that they have
made cash deposits announcing to Rs 1 mn or more in their savings bank accounts in the current
financial year. It plans to check potential evasion before the closing of the
financial year on March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per
cent higher than a year ago. The life sciences and health care industry is up
against challenges such as quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three
months of the financial year. In absolute terms, the 40 listed banks added Rs 3386 crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs
16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
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.: 91-80-22204189
LOCATIONS
|
Registered Office : |
No. 47, 3rd Floor, 3rd Main, 15th Cross, Margosa Road, Malleshwaram, Bangalore - 560003, Karnataka, India |
|
Tel. No.: |
91-80-22204189 / 22264551 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
|
|
|
Branch Office : |
Ø Rajaji Nagar, Next to National Public School,
Bangalore, Karnataka, India Ø Brigade Road, 138,
Shoolay Circle, Bangalore Karnataka, India Ø Jaya Nagar, Opposite Dayand
Sagar Mantap, Bangalore
Karnataka, India Ø Sadashiv Nagar, Opposite Cauvery Theatre Circle, Bangalore – 560080 Karnataka,
India Ø Mysore, India Ø Mangalore, India
Ø Coimbatore, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Panna Lal Giria |
|
Designation : |
Managing Director |
|
Address : |
10/2, Chabria Layout, Kumara Krupa Road, Bangalore - 560001, Karnataka, India |
|
Date of Birth/Age : |
15.09.1948 |
|
Date of Appointment : |
08.04.1999 |
|
PAN No.: |
ADQPG6039C |
|
DIN No.: |
02013837 |
|
|
|
|
Name : |
Mr. Kanhaiyalal Giria |
|
Designation : |
Whole-Time Director |
|
Address : |
10/2, Chabria Layout, Kumara Krupa Road, Bangalore - 560001, Karnataka, India |
|
Date of Birth/Age : |
16.06.1950 |
|
Date of Appointment : |
08.04.1999 |
|
PAN No.: |
ADQPG6038D |
|
DIN No.: |
01957934 |
|
|
|
|
Name : |
Mr. Hansraj Giria |
|
Designation : |
Whole-Time Director |
|
Address : |
10/2, Chabria Layout, Kumara Krupa Road, Bangalore - 560001, Karnataka, India |
|
Date of Birth/Age : |
01.11.1957 |
|
Date of Appointment : |
08.04.1999 |
|
PAN No.: |
ADQPG6041E |
|
DIN No.: |
01958121 |
|
|
|
|
Name : |
Mr. Naveen Giria |
|
Designation : |
Whole-Time Director |
|
Address : |
10/2, Chabria Layout, Kumara Krupa Road, Bangalore - 560001, Karnataka, India |
|
Date of Birth/Age : |
20.03.1974 |
|
Date of Appointment : |
01.09.2000 |
|
PAN No.: |
AAYPG2189G |
|
DIN No.: |
01958155 |
|
|
|
|
Name : |
Mr. Praveen Giria |
|
Designation : |
Whole-Time Director |
|
Address : |
10/2, Chabria Layout, Kumara Krupa Road, Bangalore - 560001, Karnataka, India |
|
Date of Birth/Age : |
14.07.1975 |
|
Date of Appointment : |
01.09.2000 |
|
PAN No.: |
AAYPG2190B |
|
DIN No.: |
01958229 |
|
|
|
|
Name : |
Mr. Manish Giria |
|
Designation : |
Whole-Time Director |
|
Address : |
10/2, Chabria Layout, Kumara Krupa Road, Bangalore - 560001, Karnataka, India |
|
Date of Birth/Age : |
08.04.1979 |
|
Date of Appointment : |
01.10.2001 |
|
PAN No.: |
AAYPG2188H |
|
DIN No.: |
01337221 |
|
|
|
|
Name : |
Mr. Rishab Giria |
|
Designation : |
Whole-Time Director |
|
Address : |
10/2, Chabria Layout, Kumara Krupa Road, Bangalore - 560001, Karnataka, India |
|
Date of Birth/Age : |
20.02.1981 |
|
Date of Appointment : |
01.10.2001 |
|
PAN No.: |
ADVPG0226A |
|
DIN No.: |
01336569 |
|
|
|
|
Name : |
Mr. Saroj Giria |
|
Designation : |
Whole-Time Director |
|
Address : |
10/2, Chabria Layout, Kumara Krupa Road, Bangalore - 560001, Karnataka, India |
|
Date of Birth/Age : |
07.06.1956 |
|
Date of Appointment : |
24.08.2006 |
|
PAN No.: |
ADQPG6040F |
|
DIN No.: |
01958311 |
|
|
|
|
Name : |
Mr. Santosh Giria |
|
Designation : |
Whole-Time Director |
|
Address : |
10/2, Chabria Layout, Kumara Krupa Road, Bangalore - 560001, Karnataka, India |
|
Date of Birth/Age : |
09.04.1956 |
|
Date of Appointment : |
24.08.2006 |
|
PAN No.: |
ADQPG6037N |
|
DIN No.: |
01958344 |
|
|
|
|
Name : |
Mr. Arihant Giria |
|
Designation : |
Whole-Time Director |
|
Address : |
No. 31/A, Gandhinagar, Bangalore - 560009,
Karnataka, India |
|
Date of Birth/Age : |
09.08.1987 |
|
Date of Appointment : |
03.08.2009 |
|
PAN No.: |
AJXPG1155A |
|
DIN No.: |
02724431 |
|
|
|
|
Name : |
Mrs. Manju Giria |
|
Designation : |
Whole-Time Director |
|
Address : |
10/2, Chabria Layout, Kumara Krupa Road, Bangalore - 560001, Karnataka, India |
|
Date of Birth/Age : |
15.12.1961 |
|
Date of Appointment : |
24.08.2006 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Pannalal Giria |
|
42270 |
|
Kanhaiyalal Giria |
|
59750 |
|
Hansraj Giria |
|
36250 |
|
Kamala Giria |
|
18250 |
|
Saroj Giria |
|
26000 |
|
Manju Giria |
|
38500 |
|
Naveen Giria |
|
75500 |
|
Santosh Giria |
|
21450 |
|
Praveen Giria |
|
55500 |
|
Manish Giria |
|
33100 |
|
Rishab Giria |
|
35100 |
|
Dugarmal Jain |
|
1000 |
|
Nitin Alias Nitesh Giria |
|
1000 |
|
Shilpa Giria |
|
3000 |
|
Vimki Giria |
|
100 |
|
Arihant Giria |
|
100 |
|
Rashmi Giria |
|
1000 |
|
Shweta Giria |
|
1000 |
|
|
|
|
|
Total |
|
448870 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealers in Electrical and Electronics Goods and Home Appliances of
Numerous Types. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Ø HDFC Bank Limited,
HDFC Bank House, Senapati Bapat
Marg, Lower Parel [West],
Mumbai - 400013, Maharashtra, India Ø Andhra Bank,
Gandhi Nagar Branch, Bangalore - 560009, Karnataka,
India Ø Oriental Bank of
Commerce, Upper Palace Orchards, Bellary Road, Sadashiva Nagar, Bangalore -
560080, Karnataka, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs. In Millions)
Note : First Exclusive
Charge On The Current Assets Of The Company - (Stock, Book Debts Including
Credit Card Receivables) B. Equitable Mortgage On The Following Properties: Showroom
Property At 37/11, 100Feet Road, I Block, Ashok
Pillar Jayanagar, Bangalore Standing In The Name Of
The Company, Land At Survey No.28/1, Show Room Property At No.526,527 and
528, Amarjyothi HBCS Layout, Domlur
Inner Ring Road, Bangalore - 560071, Showroom Property Located At
No.1035/125, 20th Main, West Of Chord Road,Rajajinagar,5th Block, Bangalore -
560010. C. Personal Guarantee Of The Directors Of The Company} |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M.C. Ravindra and Company Chartered Accountants |
|
Address : |
No. 113/B, II
Floor, Infantry Road, Bangalore – 560001, Karnataka, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFM7086L |
|
|
|
|
Subsidiaries : |
Uttaranchal Tea Company Private Limited
[U15491KA2001PTC029341] |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs. 100/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
448,870 |
Equity Shares |
Rs. 100/- each |
Rs. 44.887
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
|
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
44.887 |
|
(b) Reserves & Surplus |
|
|
647.071 |
|
(c) Money received against
share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
691.958 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
287.358 |
|
(b) Deferred tax liabilities
(Net) |
|
|
5.119 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total
Non-current Liabilities (3) |
|
|
292.477 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
0.000 |
|
(b) Trade payables |
|
|
133.179 |
|
(c) Other current liabilities |
|
|
12.295 |
|
(d) Short-term provisions |
|
|
75.553 |
|
Total
Current Liabilities (4) |
|
|
221.027 |
|
|
|
|
|
|
TOTAL |
|
|
1,205.462 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
518.792 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets under
development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
9.653 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
123.402 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total
Non-Current Assets |
|
|
651.847 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
255.503 |
|
(c) Trade receivables |
|
|
117.029 |
|
(d) Cash and cash equivalents |
|
|
61.402 |
|
(e) Short-term loans and
advances |
|
|
119.681 |
|
(f) Other current assets |
|
|
0.000 |
|
Total
Current Assets |
|
|
553.615 |
|
|
|
|
|
|
TOTAL |
|
|
1,205.462 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
44.887 |
44.887 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
516.227 |
416.851 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
561.114 |
461.738 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
212.322 |
209.037 |
|
|
2] Unsecured Loans |
|
123.329 |
94.184 |
|
|
TOTAL BORROWING |
|
335.651 |
303.221 |
|
|
DEFERRED TAX LIABILITIES |
|
4.041 |
2.891 |
|
|
|
|
|
|
|
|
TOTAL |
|
900.806 |
767.850 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
489.603 |
355.944 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
11.463 |
17.133 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
263.403
|
258.458
|
|
|
Sundry Debtors |
|
83.212
|
120.102
|
|
|
Cash & Bank Balances |
|
43.765
|
28.205
|
|
|
Other Current Assets |
|
0.000
|
0.000
|
|
|
Loans & Advances |
|
230.751
|
158.746
|
|
Total
Current Assets |
|
621.131
|
565.511
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
157.914
|
123.719
|
|
|
Other Current Liabilities |
|
6.368
|
47.019
|
|
|
Provisions |
|
57.109
|
0.000
|
|
Total
Current Liabilities |
|
221.391
|
170.738
|
|
|
Net Current Assets |
|
399.740
|
394.773
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
900.806 |
767.850 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
279.383 |
164.598 |
124.806 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
22.258 |
17.249 |
9.514 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
257.125 |
147.349 |
115.292 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
61.984 |
47.973 |
39.384 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
195.141 |
99.376 |
75.908 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
291.41 |
221.39 |
169.11 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.50
|
13.27
|
12.51
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37
|
0.26
|
0.25
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.42
|
0.60
|
0.66
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.50
|
2.81
|
3.31
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
|
44.887 |
44.887 |
|
Reserves & Surplus |
|
516.227 |
647.071 |
|
Net
worth |
|
561.114 |
691.958 |
|
|
|
|
|
|
long-term borrowings |
|
335.651 |
287.358 |
|
Short term borrowings |
|
0.000 |
0.000 |
|
Total
borrowings |
|
335.651 |
287.358 |
|
Debt/Equity
ratio |
|
0.598 |
0.415 |
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
one year |
No |
|
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 |
No |
Note:
The registered address of the company has been shifted from No.34/1A, 1st
Main Road, Gandhi Nagar, Bangalore - 560009,
Karnataka, India to the present w.e.f.15.06.2012
UNSECURED LOANS
(Rs. In Millions)
|
Particulars |
31.03.2013 |
31.03.2012 |
|
Long term
borrowing |
|
|
|
Deposits from shareholders |
3.681 |
3.322 |
|
Loans and advances from directors |
149.672 |
118.884 |
|
Loans and advances from others |
1.008 |
1.123 |
|
|
|
|
|
Total |
154.361 |
123.329 |
CORPORATE
INFORMATION
The
company is carrying on the business of dealers in Electrical and Electronics
goods and home appliances of numerous types. Its registered office is situated at
Bangalore. It carries its business activities besides from its registered
office, form its sales depot at Brigade Road, Bangalore, Sadashivanagar
Bangalore, Jayanagar Bangalore, Rajaji
nagar Bangalore, Indiaranagar
Bangalore, Hosur Road Bangalore, HRBR Layout
Bangalore, Mysore Road Bangalore, Banashankari
Bangalore, Mangalore KSR, Mysore, Hubli,
Coimbatore Salem, Annanagar
Chennai, Kadri Road Mangalore, Gandhinagar
Bangalore, Domlur Bangalore, Malleshwaram
Bangalore, Marathhalli Bangalore, Bannerghatta
Road Bangalore, Mahalingapuram High Road Chennai, Rajaji Road Chennai, R.A.Puram
Chennai, Nagarbhavi Layout Bangalore, Kithriguppe Bangalore and Basavangudi
Bangalore.
FINANCIAL RESULTS
AND OPERATIONS:
The year’s Profit
and Loss Account shows a profit of Rs.195.141 Millions after providing for
depreciation of Rs.22.258 Millions and before making provision for Income tax
of Rs.61.984 Millions.
The Directors are
constantly endearing to increase the performance and happy to mention that the
performance has been on the.
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10210523 |
11/03/2010 |
350,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A82234691 |
|
2 |
10219312 |
11/12/2009 |
350,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A78216108 |
|
3 |
80058644 |
30/03/2004 |
15,000,000.00 |
ANDHRA BANK |
GANDHINAGAR ,
BANGALOE, Karnataka - 560012, INDIA |
- |
|
4 |
80058643 |
16/01/2001 |
5,000,000.00 |
ANDHRA BANK |
GANDHINAGAR , BNGALORE,
Karnataka - 560009, INDIA |
- |
FIXED ASSETS:
Ø Building
Ø Land
Ø Office Equipment
Ø Air Conditioner
Ø Electrical Fittings
Ø Vehicles
Ø Computers
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. 59.95 |
|
|
1 |
Rs.99.35 |
|
Euro |
1 |
Rs. 82.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
53 |
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.