MIRA
INFORM REPORT
|
Report Date : |
14.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
FOCUZ CORPORATION PRIVATE LIMITED (w.e.f. 01.04.2005) |
|
|
|
|
Formerly Known
As : |
BENZ AUTOMOBILES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
30.06.1995 |
|
|
|
|
Com. Reg. No.: |
09-009187 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 130.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U50300KL1995PTC009187 |
|
|
|
|
IEC No.: |
1096007738 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHNB00283D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB9529J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Selling and Distributing of Branded PC, Laptop, UPS, Inverter and
Mobiles Like HP, Lenovo, Dell, etc. |
|
|
|
|
No. of Employees
: |
101 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track record. Rating reflects sound financial risk profile marked by long
operational track record, experience of promoters and improvement in
performance of the company. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization policies.
A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: “BBB-“ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
18.03.2014 |
|
|
|
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: “A3“ |
|
Rating Explanation |
Moderate degree of safety and high credit risk. |
|
Date |
18.03.2014 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Prasanth Shankar |
|
Designation : |
Manager |
|
Contact No.: |
91-8884718191 |
|
Date : |
14.08.2014 |
LOCATIONS
|
Registered Office : |
Focuz Towers, P. B. No 2222, Edapally, Ernakulum, Cochin – 682024, Kerala,
India |
|
Tel. No.: |
91-484-2335324 / 2333236 / 2535390 |
|
Mobile No.: |
91-8884718191 (Mr. Prasanth Shankar) |
|
Fax No.: |
91-484-2535138 |
|
E-Mail : |
enquiry@focuzinfotech.com |
|
Website : |
|
|
Area : |
1500 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Head Office: |
28/286A, S. A. Road, Panampilly Nagar, Kochi - 682036, India |
|
|
|
|
Branch Office : |
Ground Floor, Sreevari Chambers, Hal Old Airport Road, Vimanapura Post, Bangalore - 560017, Karnataka, India Located at: · Trivandrum · Kollam · Kottayam · Panampillynagar · Alleppey · Mamangalam (Ernakulam) · Thrissur · Palakkad · Calicut ·
Kannur |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. P. T. Jose |
|
Designation : |
Director |
|
Address : |
Pease Villa, XLIV/1181, Ashoka Road, Kaloor, Kochi – 17, India |
|
Date of Birth/Age : |
30.05.1945 |
|
Qualification : |
Intermediate |
|
Experience : |
45 Years |
|
Date of Appointment : |
30.06.1995 |
|
PAN No.: |
ACNPJ7970M |
|
DIN No.: |
00044869 |
|
|
|
|
Name : |
Mr. P. Ignatius Alven |
|
Designation : |
Managing Director |
|
Address : |
Konduruthil House, St. Alberts HS Lane, Ernakulam, - Kochi – 31, India
|
|
Date of Birth/Age : |
27.07.1933 |
|
Qualification : |
B. A. |
|
Experience : |
45 Years |
|
Date of Appointment : |
30.06.1995 |
|
DIN No.: |
00045171 |
|
|
|
|
Name : |
Mr. Franco Jose |
|
Designation : |
Executive Director |
|
Address : |
Marottickal House, Kalavath Road, Palarivattom P.O., Kochi – 682025,
India |
|
Date of Birth/Age : |
06.01.1970 |
|
Qualification : |
BBA |
|
Experience : |
12 Years |
|
Date of Appointment : |
01.05.2009 |
|
PAN No.: |
AAAPF2438F |
|
DIN No.: |
00046074 |
|
|
|
|
Name : |
Mr. N. V. Devassy |
|
Designation : |
Executive Director |
|
Address : |
Nedumparambil House, 49/2039 E, BTS Road, Edappally, Kochi – 24, India
|
|
Date of Birth/Age : |
06.01.1940 |
|
Qualification : |
Intermediate |
|
Experience : |
45 Years |
|
Date of Appointment : |
30.06.1995 |
|
PAN No.: |
ADDPD5303R |
|
DIN No.: |
00313796 |
|
|
|
|
Name : |
Mr. Tony Raphael |
|
Designation : |
Executive director |
|
Address : |
Porathur House, 43/ 739, Ayyappankavu Cross Road, Ayyappankavu East,
Ernakulam, Kochi – 31, India |
|
Date of Birth/Age : |
27.09.1973 |
|
Qualification : |
BBA |
|
Experience : |
13 Years |
|
Date of Appointment : |
30.06.1995 |
|
PAN No.: |
ACUPR1913R |
|
DIN No.: |
00045217 |
|
|
|
|
Name : |
Mr. Joseph Antony Alven |
|
Designation : |
Director |
|
Address : |
Konduruthil House, St. Alberts HS Lane, Ernakulam, - Kochi – 31, India
|
|
Date of Birth/Age : |
14.01.1971 |
|
Qualification : |
B Tech |
|
Experience : |
12 Years |
|
Date of Appointment : |
30.06.1995 |
|
PAN No.: |
ACRPA5811A |
|
DIN No.: |
00045227 |
|
|
|
|
Name : |
Mr. Joe Jose |
|
Designation : |
Director |
|
Address : |
Marottickal House, 3/770, No. 11 Merridian Gardens, Chembumukku, BMC
P.O. Kochi – 24, India |
|
Date of Birth/Age : |
16.09.1975 |
|
Qualification : |
BBA |
|
Experience : |
9 Years |
|
Date of Appointment : |
30.06.1995 |
|
PAN No.: |
ACOPJ9344C |
|
DIN No.: |
00045252 |
|
|
|
|
Name : |
Mr. N. D. Shyju |
|
Designation : |
Director |
|
Address : |
Nedumparambil House, 49/2039 E, BTS Road, Edappally, Kochi – 24, India
|
|
Date of Birth/Age : |
23.10.1972 |
|
Qualification : |
Pre-Degree |
|
Experience : |
9 Years |
|
Date of Appointment : |
30.06.1995 |
|
PAN No.: |
AJPPS4452E |
|
DIN No.: |
00313925 |
|
|
|
|
Name : |
Mrs. P. V. Margret |
|
Designation : |
Director |
|
Address : |
Porathur House, 43/ 739, Ayyappankavu Cross Road, Ayyappankavu East,
Ernakulam, Kochi – 31, India |
|
Date of Birth/Age : |
05.10.1946 |
|
Qualification : |
Intermediate |
|
Date of Appointment : |
01.12.1997 |
|
PAN No.: |
AAGPM4875P |
|
DIN No.: |
00045934 |
|
|
|
|
Name : |
Mrs. P. K. Mary |
|
Designation : |
Director |
|
Address : |
Pease Villa, XLIV/1181, Ashoka Road, Kaloor, Kochi – 17, India |
|
Date of Birth/Age : |
05.11.1950 |
|
Qualification : |
Intermediate |
|
Date of Appointment : |
10.08.2004 |
|
PAN No.: |
AAAPM6651K |
|
DIN No.: |
00045956 |
KEY EXECUTIVES
|
Name : |
Mr. Prasanth Shankar |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
P. T. Jose |
|
1347000 |
|
P. Ignatius Alven |
|
1352000 |
|
N. V. Devassy |
|
940400 |
|
Tony Raphael |
|
857500 |
|
Joseph Antony Alven |
|
20000 |
|
Joe Jose |
|
686000 |
|
N. D. Shyju |
|
20000 |
|
P. V. Margret |
|
514500 |
|
P. K. Mary |
|
5000 |
|
Franco Jose |
|
686000 |
|
Sheena Albert |
|
20000 |
|
P. A. Baby |
|
411600 |
|
|
|
|
|
Total |
|
6860000 |
|
Names of Preference Share |
|
No. of Shares |
|
P. T. Jose |
|
12260 |
|
P. Ignatius Alven |
|
12200 |
|
N. V. Devassy |
|
8560 |
|
Tony Raphael |
|
7676 |
|
Joe Jose |
|
6100 |
|
P. V. Margret |
|
4800 |
|
Franco Jose |
|
6140 |
|
P. A. Baby |
|
3664 |
|
|
|
|
|
Total |
|
61400 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Selling and Distributing of Branded PC, Laptop, UPS, Inverter and
Mobiles Like HP, Lenovo, Dell, etc. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
101 (Approximately) |
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|
Bankers : |
· The Federal Bank Limited, Pathadippalam Branch, Ernakulam, Kerala, Pin-682024, India · ING Vysya Bank Limited, 40-1021 and 1022,Ground Floor, Kandamkulathy Towers, M. G. Road, Ernakulam - 682011, Kerala, India · State Bank of India, Commercial Branch, 1st Floor, Vankarath Towers, Bye Pass Junction, Padivattom, Kochi - 682024, Kerala, India ·
Citi Bank N.A., 506-507, Level -5, Prestige
Meridian -2, No.30, M.G. Road, Bangalore - 560001, Karnataka, India |
|||||||||||||||||||||||||||||||||
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|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kaimal and Company Chartered Accountants |
|
Address : |
8/1365, T. D. East Road, Cochin – 2, India |
|
PAN No.: |
AEMPS1222A |
|
|
|
|
Associates : |
· Focuz Auto Corporation · Focuz Voyages Private Limited |
|
|
|
|
Subsidiaries : |
· Focuz Innovations Private Limited · Focuz Automobiles Service Limited |
|
|
|
|
Sister Concern: |
Name: Focuz Innovations Private Limited Address: 2nd Floor, Focuz Tower, Edappally, Cochin-24, India Line of Business : Software Devolopment Name: Focuz Automobiles Services Limited Address: Vilangadan Complex, Edappally Raghavanpilla
Road, Edappally, Cochin-24, India Line of Business : Passenger Car Service
Division |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs. 70.000 Millions |
|
80000 |
Preference Share |
Rs.1000/- each |
Rs. 80.000 Millions |
|
|
Total |
|
Rs. 150.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6860000 |
Equity Shares |
Rs.10/- each |
Rs. 68.600
Millions |
|
61400 |
Preference Share |
Rs.1000/- each |
Rs. 61.400
Millions |
|
|
Total |
|
Rs. 130.000 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 |
130.000 |
130.000 |
130.000 |
|
(b) Reserves & Surplus |
136.731 |
115.588 |
102.145 |
|
(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) |
266.731 |
245.588 |
232.145 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
60.905 |
31.274 |
47.563 |
|
(b) Deferred tax liabilities (Net) |
15.621 |
21.589 |
19.265 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
18.139 |
17.780 |
16.781 |
|
Total Non-current
Liabilities (3) |
94.665 |
70.643 |
83.609 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
616.205 |
526.766 |
395.878 |
|
(b)
Trade payables |
182.774 |
220.105 |
155.617 |
|
(c)
Other current liabilities |
145.983 |
154.714 |
130.545 |
|
(d) Short-term
provisions |
8.731 |
8.592 |
8.950 |
|
Total Current
Liabilities (4) |
953.693 |
910.177 |
690.990 |
|
|
|
|
|
|
TOTAL |
1315.089 |
1226.408 |
1006.744 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
133.357 |
169.571 |
138.964 |
|
(ii)
Intangible Assets |
21.008 |
13.594 |
7.662 |
|
(iii)
Capital work-in-progress |
2.432 |
1.050 |
0.166 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
39.421 |
35.067 |
47.363 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
35.709 |
34.892 |
33.479 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
231.927 |
254.174 |
227.634 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
524.515 |
506.764 |
402.682 |
|
(c)
Trade receivables |
193.165 |
213.743 |
188.151 |
|
(d) Cash
and cash equivalents |
90.418 |
27.985 |
37.391 |
|
(e)
Short-term loans and advances |
275.064 |
223.742 |
150.886 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1083.162 |
972.234 |
779.110 |
|
|
|
|
|
|
TOTAL |
1315.089 |
1226.408 |
1006.744 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
3373.307 |
3256.682 |
2478.292 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
3316.855 |
3210.105 |
2437.594 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
56.452 |
46.577 |
40.698 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.826 |
13.847 |
9.276 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
41.626 |
32.730 |
31.422 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
15.928 |
19.191 |
20.542 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
25.698 |
13.539 |
10.880 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.75 |
1.97 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.76 |
0.42 |
0.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.27 |
2.75 |
3.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.13 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.54 |
2.27 |
1.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14 |
1.07 |
1.13 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
130.000 |
130.000 |
130.000 |
|
Reserves & Surplus |
102.145 |
115.588 |
136.731 |
|
Net worth |
232.145 |
245.588 |
266.731 |
|
|
|
|
|
|
long-term borrowings |
47.563 |
31.274 |
60.905 |
|
Short term borrowings |
395.878 |
526.766 |
616.205 |
|
Total borrowings |
443.441 |
558.040 |
677.110 |
|
Debt/Equity ratio |
1.910 |
2.272 |
2.539 |
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) |
|
Turnover |
2478.292 |
3256.682 |
3373.307 |
|
|
|
31.408 |
3.581 |
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 |
2478.292 |
3256.682 |
3373.307 |
|
Profit |
10.880 |
13.539 |
25.698 |
|
|
0.44% |
0.42% |
0.76% |
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 |
Yes |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
Rupee term loans from banks |
3.662 |
0.000 |
|
Loans and advances from related parties |
7.150 |
5.681 |
|
Other loans and advances |
3.186 |
1.565 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loans from banks |
3.281 |
2.915 |
|
|
|
|
|
Total |
17.279 |
10.161 |
TRADE REFERENCES
·
Neoteric Infomatique
Limited
·
27/2739B, Ground Floor, Pattahil Building,
Kadavanthra P.O, Opposite Cloud Nine Apartment, Kerala, Ernakulam-682020, India
·
Ingram Micro India
Limited
·
28/3026, Survey#7/5, Cheryparambathu Road,
Elamkulam, Kadavanthra, Kochi-682020, India
OPERATIONAL RESULTS/
BUSINESS REVIEW
The year 2012-13 witnessed a downturn trend as regards the Automobiles Sector is concerned. Their Principal M/s. Tata Motors sales dipped by more than 30 %. In short, last year the Automobile spare parts/vehicles markets were not at all encouraging throughout the year except for some improvement in festival season periods. Their Company too could not achieve its target set for this year and the only satisfaction for the Company is that its sales for this year has crossed its last year's sales figures by few millions. This year their Company could achieve a total income of Rs. 3316.600 millions as against the total income of Rs. 3254.900 millions achieved last year. Except a few Divisions all other Divisions performance were below the expected levels fixed by the Company.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10427426 |
30/04/2013 |
1,328,000.00 |
ING VYSYA BANK LIMITED |
39/3527,I FLOOR,SHEMA BUILDING, RAVIPURAM, M. G. ROAD, KOCHI, KERALA - 682016, INDIA |
B75710509 |
|
2 |
10364158 |
25/02/2014 * |
508,409,000.00 |
ING VYSYA BANK LIMITED |
40-1021 AND 1022, GROUND FLOOR, KANDAMKULATHY TOWERS, M. G. ROAD, ERNAKULAM, KERALA - 682011, INDIA |
C00112672 |
|
3 |
10344073 |
31/01/2012 |
2,241,855.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B35765536 |
|
4 |
10075653 |
15/11/2007 |
2,000,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK, TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
A27086156 |
|
5 |
90023281 |
29/11/2005 |
137,780.00 |
SUNDARAM FINANCE LIMITED |
NO. 21; PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
- |
|
6 |
90019130 |
31/03/2003 |
944,312.00 |
SUNDARAM FINANCE LIMITED |
NO. 21; PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
- |
|
7 |
90018519 |
24/01/2002 |
917,445.00 |
SUNDARAM FINANCE LIMITED |
NO. 21; PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
- |
|
8 |
90018512 |
22/01/2002 |
325,545.00 |
SUNDARAM FINANCE LIMITED |
NO. 21; PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
- |
|
9 |
90018451 |
03/12/2001 |
503,285.00 |
SUNDARAM FINANCE LIMITED |
NO. 21; PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
- |
|
10 |
90018391 |
22/10/2001 |
699,920.00 |
SUNDARAM FINANCE LIMITED |
NO. 21; PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
- |
* Date of charge modification
FIXED ASSETS
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
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. 61.25 |
|
|
1 |
Rs. 103.01 |
|
Euro |
1 |
Rs. 81.90 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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 |
6 |
|
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 |
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 |
|
48 |
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.