MIRA INFORM REPORT
|
Report Date : |
10.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
QED AGRO SYSTEMS PRIVATE LIMITED (w.e.f. 14.12.2001) |
|
|
|
|
Formerly Known
As : |
QED AGRO SYSTEMS LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
06.04.2000 |
|
|
|
|
Com. Reg. No.: |
08-026862 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.6.930 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01409KA2000PTC026862 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRQ00057B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Color Sorter, Rice Whitener |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 750000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The company has achieved decent profitability from its operation
during the financial year 2013. 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 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 PARTED BY
|
Name : |
Mr. Ravishankar |
|
Designation : |
Sales Manager |
|
Contact No. : |
91-9342174328 |
|
Date : |
10.03.2014 |
LOCATIONS
|
Registered Office/Factory : |
|
|
Tel. No.: |
91-80-27803074 / 27839581 / 80 / 82 / 83 / 26685067 |
|
Mobile No.: |
91-9342174328 (Mr. Ravishankar) 91-9341218299 (N. Badrinath) 91-9341227863 (Mr. P. J. Ashok Kumar) |
|
Fax No.: |
91-80-27839872 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Ashok Kumar Polepally Janardhan |
|
Designation : |
Managing Director |
|
Address : |
268-A, Building Classic Orchards, |
|
Date of Birth/Age : |
24.01.1963 |
|
Date of Appointment : |
04.06.2000 |
|
DIN No.: |
01978055 |
Other Directorship
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U01409KA2000PTC026862 |
QED AGRO SYSTEMS
PRIVATE LIMITED |
Managing
director |
04/06/2000 |
04/06/2000 |
- |
Active |
NO |
|
2 |
U70102KA2007PTC042008 |
PRITHVI VENTURES
PRIVATE LIMITED |
Director |
07/03/2007 |
07/03/2007 |
- |
Active |
NO |
|
3 |
U29256KA2009PTC049312 |
KUNSTWERK
MACHINERY INDIA PRIVATE LIMITED |
Managing
director |
08/04/2009 |
06/03/2009 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Udaykumar Kantharaj Bhaskara |
|
Designation : |
Director |
|
Address : |
# 2505, 26th Cross, 17th Main, Banashankari, 2nd
stage, Bangalore – 560070, Karnataka, India |
|
Date of Birth/Age : |
26.04.1963 |
|
Date of Appointment : |
26.03.2001 |
|
DIN No.: |
00148638 |
Other Directorship
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the Director/
Designated Partner |
Date of appointment at current
designation |
Original date of appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U01409KA2000PTC026862 |
QED AGRO SYSTEMS
PRIVATE LIMITED |
Director |
26/03/2001 |
26/03/2001 |
- |
Active |
NO |
|
2 |
L74999KA1984PLC049960 |
ZOOM EXPORTS
LIMITED |
Director |
26/08/2002 |
26/08/2002 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Ramakrishnan Iyer |
|
Designation : |
Director |
|
Address : |
151, Navnath 3 Cross New Bypanahalli Extension, Off Old Madras Road,
Indiranagar, Bangalore – 560 038, Karnataka, India |
|
Date of Birth/Age : |
25.11.1956 |
|
Date of Appointment : |
04.06.2000 |
|
DIN No.: |
00181640 |
Other Directorship
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U31909KA1998PTC023907 |
ESCO ELECTRONICS
PRIVATE LIMITED |
Director |
30/06/1998 |
30/06/1998 |
- |
Amalgamated |
NO |
|
2 |
U01409KA2000PTC026862 |
QED AGRO SYSTEMS
PRIVATE LIMITED |
Director |
04/06/2000 |
04/06/2000 |
- |
Active |
NO |
|
3 |
U31200TZ1984PTC001476 |
DYNA SPEDE
INTEGRATED SYSTEMS PRIVATE LIMITED |
Director |
30/09/2009 |
30/07/2009 |
- |
Active |
NO |
|
4 |
U40108KA2010PTC053515 |
YIELDOPIA ENERGY
PRIVATE LIMITED |
Director |
07/05/2010 |
07/05/2010 |
- |
Active |
NO |
|
5 |
U20299TZ2010PTC015896 |
SRIVARI CRAFT
TECH PRIVATE LIMITED |
Director |
29/09/2012 |
16/01/2012 |
- |
Active |
NO |
|
6 |
U32300DL2012PTC230808 |
TMS TRAFFIC SIGNAL
COMPANY PRIVATE LIMITED |
Director |
31/01/2012 |
31/01/2012 |
- |
Active |
NO |
|
7 |
U32109DL2012PTC232061 |
TMS METERING
SOLUTION PRIVATE LIMITED |
Director |
25/02/2012 |
25/02/2012 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Vasu Thiruvalli |
|
Designation : |
Whole time Director |
|
Address : |
22, 19th Cross, D-6, 7th Main, BTM 2nd
Stage, |
|
Date of Birth/Age : |
07.07.1968 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
00466808 |
Other Directorship
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U01409KA2000PTC026862 |
QED AGRO SYSTEMS
PRIVATE LIMITED |
Whole-time
director |
01/04/2010 |
06/04/2000 |
- |
Active |
NO |
|
2 |
U29256KA2009PTC049312 |
KUNSTWERK
MACHINERY INDIA PRIVATE LIMITED |
Director |
06/03/2009 |
06/03/2009 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Badrinath Nelvagal |
|
Designation : |
Whole time Director |
|
Address : |
633, 3rd Block, 3rd Stage, Basaveswaranagar, |
|
Date of Birth/Age : |
22.09.1960 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
00466821 |
Other Directorship
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U01409KA2000PTC026862 |
QED AGRO SYSTEMS
PRIVATE LIMITED |
Whole-time
director |
01/04/2010 |
06/04/2000 |
- |
Active |
NO |
|
2 |
U72200KA2006PTC038488 |
MINDFRAME
EDUCATIVES PRIVATE LIMITED |
Director |
15/02/2006 |
15/02/2006 |
- |
Active |
NO |
|
3 |
U29256KA2009PTC049312 |
KUNSTWERK
MACHINERY INDIA PRIVATE LIMITED |
Director |
06/03/2009 |
06/03/2009 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Venkatachalam Raveen Bomashetty |
|
Designation : |
Director |
|
Address : |
#47/4, 6th Main, Tata Solk Farm, |
|
Date of Birth/Age : |
14.05.1963 |
|
Date of Appointment : |
26.03.2001 |
|
DIN No.: |
02138695 |
Other Directorship
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U01409KA2000PTC026862 |
QED AGRO SYSTEMS
PRIVATE LIMITED |
Director |
26/03/2001 |
26/03/2001 |
- |
Active |
NO |
|
2 |
U72200KA2006PTC038488 |
MINDFRAME
EDUCATIVES PRIVATE LIMITED |
Director |
15/02/2006 |
15/02/2006 |
- |
Active |
NO |
|
3 |
U70102KA2007PTC042008 |
PRITHVI VENTURES
PRIVATE LIMITED |
Director |
07/03/2007 |
07/03/2007 |
- |
Active |
NO |
|
4 |
U29256KA2009PTC049312 |
KUNSTWERK
MACHINERY INDIA PRIVATE LIMITED |
Whole-time
director |
08/04/2009 |
06/03/2009 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Ravishankar |
|
Designation : |
Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Badrinath Nelvagal |
|
176645 |
|
Ashok Kumar Polepally Janardhan |
|
176645 |
|
Vasu Thiruvalli |
|
176645 |
|
Ramakrishnan Iyer S |
|
69300 |
|
Padmaja Badrinath |
|
7000 |
|
Shirin Ashok Kumar |
|
7000 |
|
|
|
7000 |
|
B K Udaykumar |
|
31185 |
|
Raveen Venkatachalam |
|
31185 |
|
Radhika |
|
10395 |
|
Total |
|
693000 |
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 : |
Manufacturer of Color Sorter, Rice Whitener |
|
|
|
|
Products : |
·
Color Sorter ·
Electronic Color Sorting Machines ·
Color Sorter Sortex Machines ·
Grain Processing Machineries ·
Conveying System ·
Multi Purpose Sorter, etc. |
|
|
|
|
Exports : |
|
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Countries : |
|
GENERAL INFORMATION
|
No. of Employees : |
150 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Bank of Jayanagar Branch, No. 2904, 11th Main, 4th
Block, Jayanagar, |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
Note
Long term
borrowing Term
Loan Building (Sanction : Rs. 16.150 Millions) Repayable in 28 quarterly instalment of Rs. 0.600 millions Plus interest with a moratorium period of one year or completion which ever is earlier. Interest payable as and when serviced during moratorium period. Interest at 0% over BOIBPLR with minimum of 12% p.a. Loan Secured against EM of property situated at Plot No.133, Sy No.25 and 27 Bommasandra Jigani Link Road, Bommasandra Industrial Area, Bommasandra Village, Anekal Taluk, Jigani. The above term loan is guaranteed by directors of the Company VIZ,, Ashok Kumar P J, Badrinath N and Vasu T |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D. G. Anil Kumar and Company Chartered Accountants |
|
Address : |
No. 151, 2nd Phase, Royal |
|
Tel. No.: |
91-80-32941544 |
|
Mobile : |
91-9341248632 |
|
PAN No.: |
AAMPA6645B |
|
Email: |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7,00,000 |
Equity Shares |
Rs.10/- each |
Rs.7.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6,93,000 |
Equity Shares |
Rs.10/- each |
Rs.6.930 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 |
6.930 |
6.930 |
6.930 |
|
(b) Reserves & Surplus |
180.298 |
100.765 |
53.362 |
|
(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) |
187.228 |
107.695 |
60.292 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.493 |
3.615 |
6.015 |
|
(b) Deferred tax liabilities
(Net) |
0.455 |
0.535 |
0.543 |
|
(c) Other long term
liabilities |
2.000 |
2.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
3.948 |
6.150 |
6.558 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.525 |
0.525 |
0.525 |
|
(b) Trade payables |
110.907 |
78.110 |
69.427 |
|
(c) Other current liabilities |
47.591 |
53.058 |
35.742 |
|
(d) Short-term provisions |
0.683 |
1.400 |
2.400 |
|
Total
Current Liabilities (4) |
159.706 |
133.093 |
108.094 |
|
|
|
|
|
|
TOTAL |
350.882 |
246.938 |
174.944 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
29.841 |
32.623 |
33.382 |
|
(ii) Intangible Assets |
0.340 |
0.566 |
0.047 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
24.169 |
20.627 |
12.824 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
55.387 |
34.345 |
25.616 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
109.737 |
88.161 |
71.869 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
47.724 |
0.000 |
0.000 |
|
(b) Inventories |
36.142 |
21.990 |
8.076 |
|
(c) Trade receivables |
71.938 |
58.695 |
33.119 |
|
(d) Cash and cash equivalents |
82.402 |
61.784 |
48.206 |
|
(e) Short-term loans and
advances |
2.939 |
16.308 |
13.674 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
241.145 |
158.777 |
103.075 |
|
|
|
|
|
|
TOTAL |
350.882 |
246.938 |
174.944 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
555.493 |
445.737 |
320.277 |
|
|
Other Income |
6.809 |
7.865 |
4.023 |
|
|
TOTAL
(A) |
562.302 |
453.602 |
324.300 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
323.922 |
|
|
|
|
Purchases of Raw Material |
0.000 |
0.000 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.343) |
(2.000) |
278.300 |
|
|
Employees benefits expense |
47.834 |
44.445 |
|
|
|
Manufacturing Expenses |
0.000 |
0.200 |
|
|
|
Other expenses |
59.270 |
49.063 |
|
|
|
TOTAL
(B) |
429.683 |
368.950 |
278.300 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
132.619 |
84.652 |
46.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.097 |
1.447 |
1.400 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
131.522 |
83.205 |
44.600 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
3.922 |
3.713 |
1.800 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
127.600 |
79.492 |
42.800 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
43.066 |
14.531 |
14.500 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
|
84.534 |
64.961 |
28.300 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
122.00 |
94.00 |
--- |
Expected Sales ( 2013-2014) : Rs. 650.000 Millions to Rs. 750.000
Millions
The above information has been parted by Mr. Ravishankar.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
15.03
|
14.32
|
8.73 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
22.97
|
17.83
|
13.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
39.06
|
35.13
|
26.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.68
|
0.74
|
0.71 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.01
|
0.04
|
0.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.51
|
1.19
|
0.95 |
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 |
6.930 |
6.930 |
6.930 |
|
Reserves & Surplus |
53.362 |
100.765 |
180.298 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
60.292 |
107.695 |
187.228 |
|
|
|
|
|
|
long-term borrowings |
6.015 |
3.615 |
1.493 |
|
Short term borrowings |
0.525 |
0.525 |
0.525 |
|
Total
borrowings |
6.540 |
4.140 |
2.018 |
|
Debt/Equity
ratio |
0.108 |
0.038 |
0.011 |
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 |
320.277 |
445.737 |
555.493 |
|
|
|
39.172 |
24.623 |
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 |
320.277 |
445.737 |
555.493 |
|
Profit |
28.300 |
64.961 |
84.534 |
|
|
8.84% |
14.57% |
15.22% |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE
The Registered Office of the company has been shifted from No. 248, 16th Main, 17th Cross B.T.M. 2nd Stage, Bangalore - 560 076 Karnataka India to the present address w.e.f. 10.12.2010.
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10175359 |
28/08/2009 |
16,150,000.00 |
BANK OF INDIA |
JAYANAGAR
BRANCH, NO. 2904, 11TH MAIN, 4TH BLOCK, |
A69496529 |
|
2 |
80028789 |
23/07/2007 * |
5,000,000.00 |
BANK OF INDIA |
JAYANAGAR
BRANCH, JAYANAGAR, BANGALORE, Karnataka |
A19623610 |
* Date of charge modification
COMPANY
PERFORMANCE
During The Financial Year the Company Has Recorded Turnover of Rs.
555.493 Millions as against the previous year turnover of Rs. 445.737 Millions.
Net Profit After Tax for the year is Rs. 84.534 Millions as compared to
RS.64.961 Millions in the corresponding previous year.
The director expect that the performance of the company during the
current financial year would improve as estimated.
UNSECURED LOANS
|
Particulars |
As
on 31.03.2013 Rs.
in millions |
As
on 31.03.2012 Rs.
in millions |
|
Short term
borrowing |
|
|
|
Loan from
Directors |
|
|
|
Ashok Kumar P J |
0.030 |
0.030 |
|
Badrinath N |
0.197 |
0.197 |
|
Vasu T |
0.298 |
0.298 |
|
Total |
0.525 |
0.525 |
Note:
Short term
borrowing
Working Capital
Loan (Cash Credit) from Bank are secured by way of Hypothecation of Stocks and
Book Debts, Hypothecation of Plant and Machinery, Furniture and Fixtures.
The above
working capital loan is secured by personal guarantee of the directors VIZ., Ashok
Kumar P J, Badrinath N and Vasu T.
FIXED ASSETS
·
Computers, UPS and
Accessories
·
Electrical Fittings
Equipments
·
Furniture and Fixtures
·
Mobile Phones
·
Plant and Machinery
·
Equipments for R and D
·
Accent Car
·
·
Factory Building WIP
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.99.36 |
|
Euro |
1 |
Rs.82.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.