MIRA INFORM REPORT
|
Report Date : |
12.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
NOIDA SOFTWARE TECHNOLOGY PARK LIMITED |
|
|
|
|
Registered
Office : |
Scindia Villa, Sarojini Nagar, Ring Road, New Delhi - 110023 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
08.03.1999 |
|
|
|
|
Com. Reg. No.: |
55-098726 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.300.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200DL1999PLC098726 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELN04105D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing of Telecommnication Broadcasting and Information
supply services. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 4300000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating takes into consideration small scale of operations, working
capital intensive nature of operations with high working capital utilization
and highly regulated industry. However, trade relation are reported to be fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealing with some cautions.
|
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: BB+ |
|
Rating Explanation |
Have moderate risk of default. |
|
Date |
14.03.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: A4 |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
14.03.2013 |
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 BY
|
Name : |
Mr. Kiran Padte |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9820007322 |
|
Date : |
08.04.2014 |
LOCATIONS
|
Registered Office : |
Scindia Villa, Sarojini Nagar, Ring Road, New Delhi - 110023 |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9820007322 (Mr. Kiran Padte) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Ankur Jain |
|
Designation : |
Managing director |
|
Address : |
6B/6 Siri Fort Institutional Area, New Delhi – 110049, India |
|
Date of Birth/Age : |
01.03.1972 |
|
Date of Appointment : |
15.07.2000 |
|
DIN No.: |
00503622 |
|
PAN No.: |
ADBPJ4046M |
|
|
|
|
Name : |
Mr. Bharti Jain |
|
Designation : |
Whole-time director |
|
Address : |
406, SRD Shipra Reviera, Ghaziabad – 201014, Uttar Pradesh, India |
|
Date of Birth/Age : |
25.06.1970 |
|
Date of Appointment : |
15.07.2000 |
|
DIN No.: |
00504140 |
|
PAN No.: |
AEGPJ9612R |
|
|
|
|
Name : |
Mr. Ravindra Nath Agarwal |
|
Designation : |
Director |
|
Address : |
228, Pocket – B, Sukhdev Vihar, New Delhi – 110025, India |
|
Date of Birth/Age : |
13.01.1942 |
|
Date of Appointment : |
28.03.2003 |
|
DIN No.: |
02350785 |
|
|
|
|
Name : |
Mr. Rajiv Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
6B/6 Siri Fort Institutional Area, New Delhi – 110049, India |
|
Date of Birth/Age : |
20.11.1971 |
|
Date of Appointment : |
24.07.2008 |
|
DIN No.: |
02389493 |
KEY EXECUTIVES
|
Name : |
Mr. Birabhadra Acharya |
|
Designation : |
Secretary |
|
Address : |
16-A, Shivaji Vihar, Janta Colony, New Delhi – 110027, India |
|
Date of Birth/Age : |
08.03.1974 |
|
Date of Appointment : |
12.11.2007 |
|
PAN No.: |
AJZPA0308B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Jinendra Kumar Jain |
|
100 |
|
Ragini Jain |
|
100 |
|
Ankur Jain |
|
100 |
|
Bharti Jain |
|
100 |
|
Shalini Dhanda |
|
100 |
|
Sadhna Bhardwaj |
|
100 |
|
Himansu Dhandha |
|
100 |
|
Jain Studios Limited, India |
|
4000000 |
|
Ankur Services and Growth Fund Limited, India |
|
25999300 |
|
Total |
|
30000000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
99.98 |
|
Directors or relatives of Directors |
0.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing of Telecommnication Broadcasting and Information
supply services. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
|
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|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Giri and Bansal Chartered Accountants |
|
Address : |
K-37, Iind Floor, Green Park Main |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFG6037F |
|
|
|
|
Holding company: |
|
|
|
|
|
Subsidiary company |
|
|
|
|
|
Associate: |
|
|
|
|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their relatives: |
|
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs. 300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs. 300.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
300.000 |
300.000 |
|
(b) Reserves & Surplus |
|
779.067 |
763.468 |
|
(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) |
|
1079.067 |
1063.468 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
593.802 |
131.404 |
|
(b) Deferred tax liabilities
(Net) |
|
13.379 |
8.103 |
|
(c) Other long term
liabilities |
|
217.549 |
40.970 |
|
(d) long-term provisions |
|
5.406 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
830.136 |
180.477 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
49.868 |
40.050 |
|
(b) Trade payables |
|
97.395 |
37.040 |
|
(c) Other current liabilities |
|
135.298 |
51.757 |
|
(d) Short-term provisions |
|
4.981 |
4.188 |
|
Total
Current Liabilities (4) |
|
287.542 |
133.035 |
|
|
|
|
|
|
TOTAL |
|
2196.745 |
1376.980 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1385.397 |
944.910 |
|
(ii) Intangible Assets |
|
6.848 |
3.764 |
|
(iii) Capital work-in-progress |
|
171.211 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
101.043 |
162.036 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
127.805 |
50.559 |
|
(e) Other Non-current assets |
|
1.333 |
1.467 |
|
Total
Non-Current Assets |
|
1793.637 |
1162.736 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
42.869 |
29.972 |
|
(c) Trade receivables |
|
114.589 |
110.323 |
|
(d) Cash and cash equivalents |
|
17.034 |
12.814 |
|
(e) Short-term loans and
advances |
|
133.484 |
53.528 |
|
(f) Other current assets |
|
95.132 |
7.607 |
|
Total
Current Assets |
|
403.108 |
214.244 |
|
|
|
|
|
|
TOTAL |
|
2196.745 |
1376.980 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
300.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
743.338 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1043.338 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
39.256 |
|
|
2] Unsecured Loans |
|
|
6.573 |
|
|
TOTAL BORROWING |
|
|
45.829 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1089.167 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
802.506 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
204.558 |
|
|
DEFERREX TAX ASSETS |
|
|
2.478 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
39.931
|
|
|
Sundry Debtors |
|
|
82.454
|
|
|
Cash & Bank Balances |
|
|
5.309
|
|
|
Other Current Assets |
|
|
4.268
|
|
|
Loans & Advances |
|
|
44.389
|
|
Total
Current Assets |
|
|
176.351
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
32.503
|
|
|
Other Current Liabilities |
|
|
63.217
|
|
|
Provisions |
|
|
3.008
|
|
Total
Current Liabilities |
|
|
98.728
|
|
|
Net Current Assets |
|
|
77.623
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
2.002 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1089.167 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
435.481 |
385.703 |
214.439 |
|
|
|
Other Income |
5.104 |
0.588 |
0.681 |
|
|
|
TOTAL (A) |
440.585 |
386.291 |
215.120 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
61.130 |
67.252 |
|
|
|
|
Employee benefit expense |
63.473 |
59.329 |
|
|
|
|
Other expenses |
249.355 |
210.861 |
|
|
|
|
TOTAL (B) |
373.958 |
337.442 |
193.150 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
66.627 |
48.849 |
21.970 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
28.302 |
18.383 |
5.399 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
38.325 |
30.466 |
16.571 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
13.671 |
8.489 |
4.155 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
24.654 |
21.977 |
12.416 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.055 |
12.057 |
4.596 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
15.599 |
9.920 |
7.820 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
1.43 |
0.98 |
|
|
|
|
Diluted |
0.52 |
0.33 |
0.26 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.54
|
2.57 |
3.64 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.66
|
5.64 |
5.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.28
|
1.81 |
1.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.02 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.60
|
0.16 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40
|
1.61 |
1.79 |
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 |
300.000 |
300.000 |
|
Reserves & Surplus |
763.468 |
779.067 |
|
Net
worth |
1,063.468 |
1,079.067 |
|
|
|
|
|
long-term borrowings |
131.404 |
593.802 |
|
Short term borrowings |
40.050 |
49.868 |
|
Total
borrowings |
171.454 |
643.670 |
|
Debt/Equity
ratio |
0.161 |
0.597 |
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 |
214.439 |
385.703 |
435.481 |
|
|
|
79.866 |
12.906 |
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 |
214.439 |
385.703 |
435.481 |
|
Profit |
7.820 |
9.920 |
15.599 |
|
|
3.65% |
2.57% |
3.58% |
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 |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
PERFORMANCE
During the year, the total income of the Company was Rs. 440.586 Millions for the financial Year ended 31.03.2013 as compared to Rs. 386.292 Millions in the previous financial year, registering a growth of 14.05%. Profit before Tax of the Company was Rs. 24.654 Millions for the financial year ended 3 1.03.201 3 as compared to Rs. 21.977 Millions in the previous financial year, registering a growth of 12.18%. after Tax of the Company was Rs. 15.598 Millions for the year ended 31.03.20 13 as compared to Rs. 9.920 Millions in the previous financial year.
BUSINESS OPERATIONS
AND FUTURE OUTLOOK
Business operations and Future outlook of the company under different business segments are here as under:
Operational clearances for uplinking on PAS 10, INSAT 4A and INSAT 2E. There are limited numbers of commercial teleport service providers in India. Large broadcasting companies have started outsourcing the teleport operations. NSTPL has arrangement for getting capacity on leading satellites which are used for broadcasting. Giving it a strong competitive advantage. Presently NSTPL is serving more than 70 National and broadcaster.
The company plans to increase it capacity by 30 more channels which will take the company into top five companies in this industry.
IS P Services
NSTPL has Category A" ISP License. Company is mainly engaged in trading of broadband capacity. Now, the company is planning in a big way to provide Broadband services through its proposed JAINHITS project to all our cable subscribers at a very competitive price.
HITS- Head End In The Sky
The Digitization Act passed by the Government of India requires all Cable and Satellite homes to be converted From analogue to digital platform by Dec 2014 in phased manner.
Out of 148 Millions households in India, 65% are operating on analogue platform. In addition there are more than 90 Mns. potential households are to be converted into TV households.
Further the Broadband Penetration in India is expected to increase in next five years. The company has decided to take benefit of this golden and launch HIT S services across India.
The company has embarked upon a very ambitious expansion plan by setting up a HITS PLATFORM to provide digital cable signal distribution to cable operator across India under the brand name "JAINHITS".
The Project has been well conceived and implemented by the company with technical support from MOTOROLA who has provided the main equipments.
The company has also tied up with INTELSAT for the bandwidth capacity required for the project. The project has been implemented and is already under trial test runs.
RECIL, A government of India undertaking meant for undertaking the technical audit, has issued a certificate to the company for technical compliance of the main Head-end set up by the company at Greater Noida.
The company plans to launch its cable distribution network on pan basis in November 2013.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances, others |
62.978 |
45.103 |
|
Total |
62.978 |
45.103 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10414545 |
04/03/2013 |
250,000,000.00 |
INDIAN BANK |
G-41, CONNAUGHT
CIRCUS, NEW DELHI, DELHI - 110001, |
B71720841 |
|
2 |
10332590 |
18/01/2012 |
450,000.00 |
PUNJAB NATIONAL BANK |
BHIKAJI CAMA
PLACE BRANCH, NEW DELHI, DELHI - 110607, INDIA |
B30832331 |
|
3 |
10332614 |
02/01/2012 |
1,150,000.00 |
PUNJAB NATIONAL BANK |
BHIKAJI CAMA
PLACE BRANCH, NEW DELHI, DELHI - 110607, INDIA |
B30842322 |
|
4 |
10319722 |
21/11/2011 |
940,000.00 |
PUNJAB NATIONAL BANK |
BHIKAJI CAMA
PLACE BRANCH, NEW DELHI, DELHI - 110607, INDIA |
B26100644 |
|
5 |
10319723 |
16/11/2011 |
1,300,000.00 |
PUNJAB NATIONAL BANK |
BHIKAJI CAMA
PLACE BRANCH, NEW DELHI, DELHI - 110607, INDIA |
B26101592 |
|
6 |
10305167 |
11/08/2011 |
104,000,000.00 |
PUNJAB NATIONAL BANK |
BHIKAJI CAMA PLACE
BRANCH, NEW DELHI, DELHI - 110607, INDIA |
B20010427 |
|
7 |
10199048 |
06/01/2010 |
50,000,000.00 |
PUNJAB NATIONAL BANK |
BHIKAJI CAMA
PLACE, NEW DELHI, DELHI - 110066, INDIA |
A77919199 |
|
8 |
10183680 |
23/05/2012 * |
607,900,000.00 |
PUNJAB NATIONAL BANK |
BHIKAJI CAMA
PLACE BRANCH, NEW DELHI, DELHI - 110607, INDIA |
B41641135 |
|
9 |
10122279 |
06/09/2008 |
10,000,000.00 |
PUNJAB NATIONAL BANK |
7, BHIKAJI CAMA
PLACE, NEW DELHI, DELHI - 110066, |
A46028395 |
|
10 |
10076284 |
04/02/2013 * |
107,500,000.00 |
PUNJAB NATIONAL BANK |
BRANCH- BHIKAJI
CAMA PLACE, NEW DELHI, DELHI - 110066, INDIA |
B69526747 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- Computer 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 records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.27 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.83.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.