1. Summary Information
|
|
|
Country |
|
|
Company Name |
ASCENT CIRCUITS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Manjunath Punyamurthy |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Arvind Aroor Rao |
|
|
|
Registration # |
08-024700 |
|
Street Address |
B-13, I.T.I
Industrial Estate, Mahadevapura,
|
||
|
Established Date |
01.02.1999 |
SIC Code |
-- |
|
Telephone# |
91-80-28511709 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-28511709 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Single Sided Printed Circuit
Boards |
|
|
# of employees |
250 (Office =30 and Factory = 220) (Approximately) |
Product Name 2 |
Populated Boards |
|
Paid up capital |
Rs.15,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors 100.00% |
Banking |
State Bank of |
|
Public Limited Corp. |
No |
Business Period |
15 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
|
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related
Party |
|
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
425,937,000 |
Current Liabilities |
180,781,000 |
|
Inventories |
109,793,000 |
Long-term Liabilities |
173,618,000 |
|
Fixed Assets |
233,104,000 |
Other Liabilities |
14,180,000 |
|
Deferred Assets |
0,000,000 |
Total Liabilities |
368,579,000 |
|
Invest& other Assets |
3,900,000 |
Retained Earnings |
389,155,000 |
|
|
|
Net Worth |
404,155,000 |
|
Total Assets |
772,734,000 |
Total Liab. & Equity |
772,734,000 |
|
Total Assets (Previous Year) |
401,977,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
1020,000,000 |
Net Profit |
50,807,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
66,485,000 |
MIRA
INFORM REPORT
|
Report Date : |
20.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
ASCENT CIRCUITS PRIVATE LIMITED (w.e.f. 07.04.2000) |
|
|
|
|
Formerly Known
As : |
RIC CIRCUITS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-13, I.T.I Industrial Estate, Mahadevpur, Bangalore-560048, Karnataka
|
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
01.02.1999 |
|
|
|
|
Com. Reg. No.: |
08-024700 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 15.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31200KA1999PTC024700 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRA06934E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR2074D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Printed Circuit
Boards (PCBs) |
|
|
|
|
No. of Employees
: |
Approximately 250 (In Office: 30 and In Factory: 220) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1617000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track record. There seems some
dip in the profit of the company during 2013 however networth of the company
is satisfactory. General financial position of the company is normal and
acceptable for business dealing. Trade relations
are reported as fair. Business is active. Payment terms are reported to be
usually correct. The company can
be considered normal 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 – 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 |
CRISIL |
|
Rating |
Long Term Rating = BBB (Suspended) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
21.12.2012 |
Reason for suspension: Non-cooperation by the
company in providing details
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. Ravi Chandran |
|
Designation : |
Finance Department |
|
Contact No.: |
91-4344-271136/ 35 |
|
Date : |
18.08.2014 |
LOCATIONS
|
Registered Office : |
B-13, ITI Industrial Estate,
Mahadevpur, Bangalore – 560 048, Karnataka, India |
|
Tel. No.: |
91-80-28511709 |
|
Fax No.: |
91-80-28511709 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No.111, SIPCOT Industrial
Complex, Phase-1, Hosur – 635 126, Tamilnadu, India |
|
Tel. No.: |
91-4344-400108/ 400124/ 400103/ 400102/ 400109/ 271123/ 271124/ 271136/ 35 |
|
Fax No.: |
91-4344-400128/ 271148 |
|
Area : |
5.5 Acres |
|
Location : |
Owned |
DIRECTORS
As on:
|
Name : |
Mr. Punyamurthy Manjunath |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1282, 13th Cross Indira Nagar, II State, Bangalore – 560
038, Karnataka, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.02.1960 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Tech. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.02.1999 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00900902 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ADKPM0177H |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shankar Ram Gopalan |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
E-001 and 002, Victorian Heaven, Domlur Layout, Bangalore – 560 071,
Karnataka, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.12.1959 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Tech. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.02.1999 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00110783 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AIDPG2737M |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Arvind Aroor Rao |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
188/A, 6th Main Road, Defence Colony, Bangalore – 560 038,
Karnataka, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.06.1959 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Tech. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.02.1999 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00110677 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AEMPR1485A |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Vijay Kumar Sajjan |
|
Designation : |
Company
Secretary in Practice |
|
Address : |
No.236/16, First Floor, 4th Main,
Vyalikaval, Bangalore – 560 003, Karnataka, India |
|
Mobile No.: |
91-9880725300 |
|
E-Mail : |
|
|
|
|
|
Name : |
Mr. Ravi Chandran |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Arvind Aroor Rao |
315000 |
21.00 |
|
Shankar Ram Gopalan |
435000 |
29.00 |
|
Manjunath Punyamurthy |
750000 |
50.00 |
|
Total
|
1500000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Printed Circuit Boards (PCBs). |
||||
|
|
|
||||
|
Products : |
·
Hiring Systems ·
Instruments ·
Telecom Products,
etc. |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Countries : |
·
USA ·
European Countries |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Countries : |
·
Taiwan ·
Korea ·
Singapore ·
China ·
Hong Kong |
PRODUCTION STATUS (AS ON 31.03.2011):
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Printed Circuit Boards |
Sq. Mtrs |
480000 |
480000 |
299946 |
Note:
Installed capacity is as certified by the
management and not verified by the Auditors, being a technical matter
GENERAL INFORMATION
|
Suppliers : |
·
Nan Ya Plastics Corporation |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
·
Advance Power Display Systems
Limited |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Approximately 250 (In Office: 30 and In Factory: 220) |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State
Bank of India, Specialised MID Corporate Branch, # 97, Railway Parallel Road,
Kumara Park West, Bangalore – 560 020, Karnataka, India ·
ING Vysya Bank Limited, No.7, II Cross, Kamaraj Colony, Krishnagiri,
District Hosur – 635 125, Tamilnadu, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
G. Jagadish Babu Chartered Accountant |
|
Address : |
No.760, 2nd Floor, Dr. Rajkumar Road, Rajajinagar, 6th
Block, Bangalore – 560 010, Karnataka, India |
|
Tel. No.: |
91-80-23153425 |
|
Mobile No.: |
91-9448324794 |
|
PAN No.: |
AAOPB3442M |
|
Companies in
which directors of the Company are able to exercise control or have
significant influence : |
·
Technova Tapes (India) Private Limited, India
(CIN No.: U31503KA1986PTC007459) ·
Technova Industries ·
Global Wave Technologies Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000
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 |
|
|
15.000 |
|
(b) Reserves & Surplus |
|
|
389.155 |
|
(c) Money received
against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
|
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
|
404.155 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
|
17.162 |
|
(b) Deferred tax liabilities (Net) |
|
|
14.105 |
|
(c) Other long
term liabilities |
|
|
9.663 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
40.930 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
|
156.456 |
|
(b)
Trade payables |
|
|
130.034 |
|
(c)
Other current liabilities |
|
|
41.084 |
|
(d) Short-term
provisions |
|
|
0.075 |
|
Total Current
Liabilities (4) |
|
|
327.649 |
|
|
|
|
|
|
TOTAL |
|
|
772.734 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
233.104 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
3.900 |
|
(c) Deferred tax
assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
6.448 |
|
(e) Other
Non-current assets |
|
|
27.550 |
|
Total Non-Current
Assets |
|
|
271.002 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
109.793 |
|
(c)
Trade receivables |
|
|
313.901 |
|
(d) Cash
and cash equivalents |
|
|
6.625 |
|
(e)
Short-term loans and advances |
|
|
71.413 |
|
(f)
Other current assets |
|
|
0.000 |
|
Total
Current Assets |
|
|
501.732 |
|
|
|
|
|
|
TOTAL |
|
|
772.734 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
15.000 |
15.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
338.348 |
271.863 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
353.348 |
286.863 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
86.307 |
149.731 |
|
|
2] Unsecured Loans |
|
0.000 |
32.121 |
|
|
TOTAL BORROWING |
|
86.307 |
181.852 |
|
|
DEFERRED TAX LIABILITIES |
|
16.474 |
19.659 |
|
|
|
|
|
|
|
|
TOTAL |
|
456.129 |
488.374 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
175.168 |
188.960 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
88.476
|
74.724
|
|
|
Sundry Debtors |
|
203.535
|
222.215
|
|
|
Cash & Bank Balances |
|
23.507
|
25.322
|
|
|
Other Current Assets |
|
30.547
|
0.000
|
|
|
Loans & Advances |
|
55.912
|
55.315
|
|
Total
Current Assets |
|
401.977
|
377.576
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
117.467
|
73.809
|
|
|
Other Current Liabilities |
|
3.474
|
2.714
|
|
|
Provisions |
|
0.075
|
1.639
|
|
Total
Current Liabilities |
|
121.016
|
78.162
|
|
|
Net Current Assets |
|
280.961
|
299.414
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
456.129 |
488.374 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
(Approximately) |
|
916.374 |
|
|
|
Other Income |
NA |
|
NA |
|
|
|
TOTAL (A) |
NA |
|
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
|
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
NA |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
75.161 |
98.059 |
97.476 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
24.354 |
31.574 |
33.097 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
50.807 |
66.485 |
64.379 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
262.763 |
196.278 |
131.897 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
313.570 |
262.763 |
196.276 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
327.446 |
184.230 |
209.463 |
|
|
TOTAL EARNINGS |
327.446 |
184.230 |
209.463 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
431.406 |
501.577 |
|
|
|
Stores & Spares |
NA |
13.078 |
12.566 |
|
|
|
Capital Goods |
NA |
17.317 |
10.471 |
|
|
TOTAL IMPORTS |
NA |
461.801 |
524.614 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
33.87 |
NA |
42.92 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA |
NA
|
NA
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
10.64
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.78 |
16.81 |
17.21
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.28 |
0.34
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.43 |
0.24 |
0.63
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.53 |
1.98 |
4.83
|
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 |
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) |
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 |
Yes |
|
Unsecured Loans |
|
31.03.2013 (Rs.
in Millions) |
|
LONG-TERM
BORROWINGS |
|
|
|
Deferred payment Indian sources |
|
15.494 |
|
Loans
and advances from directors (Borrowings from
Directors) |
|
1.668 |
|
SHORT-TERM
BORROWINGS |
|
|
|
Deferred payment Indian sources |
|
5.981 |
|
Total
|
|
23.143 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10412404 |
15/05/2014 * |
353,000,000.00 |
ING VYSYA BANK LIMITED |
NO.7, II CROSS,KAMARAJ COLONY,, KRISHNAGIRI DISTRICT - 635125,, HOSUR, TAMIL NADU, INDIA |
C11897048 |
|
2 |
90198599 |
27/06/2005 * |
20,000,000.00 |
STATE BANK OF INDIA |
III ANCILLARY INDUSTRIAL ESTATE, MAHADEVURA, BANGALORE, KARNATAKA, INDIA |
- |
|
3 |
90197640 |
08/04/2011 * |
367,500,000.00 |
STATE BANK OF INDIA |
SPECIALISED MID
CORPORATE BRANCH, #97, RAILWAY PA |
B11393998 |
|
4 |
90199280 |
27/06/2005 * |
22,500,000.00 |
STATE BANK OF INDIA |
ITI ANCILLARY INDL. ESTATE, MAHADEVAPURA, BANGALORE - 560048, KARNATAKA, INDIA |
- |
FIXED ASSETS:
·
Land
·
Buildings
·
Furniture and Fixtures
·
Plant and Machinery
·
Office Equipment
·
Factory Equipment
·
Other Pollution Reduction Equipment
·
Vehicles
·
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 judgment 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.60.71 |
|
|
1 |
Rs.101.48 |
|
Euro |
1 |
Rs.81.04 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JAY |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound
financial base with the strongest capability for timely payment of interest
and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate
working capital. No caution needed for credit transaction. It has above
average (strong) capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly
Large |
|
41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome
financial difficulties seems comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent.
Repayment of interest and principal sums in default or expected to be in
default upon maturity |
Limited
with full security |
|
<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit
not recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.