MIRA INFORM REPORT
|
Report Date : |
01.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
ANU INDUSTRIES LIMITED (w.e.f. 2001) |
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Formerly Known
As : |
ANU AUTO INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
A-9, Ashok Vihar,
Phase – I, |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
06.05.1986 |
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Com. Reg. No.: |
55-024134 |
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Capital
Investment / Paid-up Capital : |
Rs.110.000 Millions |
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CIN No.: [Company Identification
No.] |
U72190DL1986PLC024134 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
DELA03606B |
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PAN No.: [Permanent Account No.] |
AAACA1140L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is primarily engaged in the manufacturing and sale of Automotive Components. |
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No. of Employees
: |
500 (Approximately) |
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 1023000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having satisfactory track. Profitability of the company seems to be low during 2013. However,
general financial position of the company is decent. Tarde relations are fair. Business is active.
Payment terms are reported to be slow but correct and as per commitments. 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 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation
arrested Manumeethi Cholan
after he accepted Rs 10 lakhs
as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central
Bank of Rs 4360 mn.
Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has
chosen India to pilot its e-commerce business model for the Asia-Pacific
region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real
estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs
7700 mn of loans and sought more time to comply with
the requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to sack another 300 employees. The
lay-offs follow a spate of senior-level exits over the past two years, starting
with of its founder. The overall lay-offs could number around 600 and are
driven by the need to cut costs, says a former employee.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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 DENIED
MANAGEMENT NON CO-OPERATIVE (91-124-4010363)
LOCATIONS
|
Registered Office : |
A-9, Ashok Vihar,
Phase – I, |
|
Tel. No.: |
91-124-4010363 |
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Fax No.: |
91-124-2340685 |
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E-Mail : |
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Website : |
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Factory 1: |
Plot No.102-103, Udyog Vihar,
Phase – IV, Gurgaon – 122015, |
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Tel No.: |
91-124-6341240 /
6340145 / 4801400 |
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Fax No. : |
91-124-2340685 |
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Email : |
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Factory 2: |
Plot No. 52, Sector-3, IMT, Manesar,
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Factory 3: |
Plot No. 154,TrunkRoad, Porur,
Chennai, |
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Factory 4 : |
Also Located at: Haridwar, Uttaranchal, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Jaideo Prasad Minda |
|
Designation : |
Director |
|
Address : |
A-9, Ashok Vihar, Phase-I, Delhi - 110052, India |
|
Date of Birth/Age : |
08.09.1932 |
|
Date of Appointment : |
06.05.1986 |
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DIN No. : |
00045623 |
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Name : |
Mrs. Ashwani Minda |
|
Designation : |
Director |
|
Address : |
A – 9, Ashok Vihar,
Phase – I, |
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Date of Birth : |
14.07.1959 |
|
Date of Appointment : |
06.05.1986 |
|
PAN No.: |
AATPM3791R |
|
DIN No. : |
00049966 |
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|
|
|
Name : |
Mr. Anil Minda |
|
Designation : |
Director |
|
Address : |
A – 9, Ashok Vihar,
Phase – I, |
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Date of Birth : |
29.12.1954 |
|
Date of Appointment : |
06.05.1986 |
|
PAN No.: |
AATPM3795M |
|
DIN No. : |
00321553 |
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Name : |
Ms. Vidya Sagar Paul |
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Designation : |
Director |
|
Address : |
B-275, G.K.,I, New Delhi - 110048, Delhi, India |
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Date of Birth/Age : |
02.12.1957 |
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Date of Appointment : |
27.07.2012 |
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DIN No. : |
00834558 |
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Name : |
Mr. Sanjay Dhawan |
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Designation : |
Director |
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Address : |
H.No.-933, Sec. 17-B, Gurgaon - 122001, Haryana, India |
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Date of Birth/Age : |
20.05.1958 |
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Date of Appointment : |
27.07.2012 |
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DIN No. : |
01275608 |
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Name : |
Ms. Kalpana Minda |
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Designation : |
Whole-time Director |
|
Address : |
A – 9, Ashok Vihar,
Phase – I, |
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Date of Birth : |
06.06.1955 |
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Date of Appointment : |
06.05.1986 |
|
PAN No.: |
AATPM3794L |
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DIN No. : |
02443552 |
KEY EXECUTIVES
|
Name : |
Daljit Singh |
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Designation : |
Secretary |
|
Address : |
2182/2, Guru Arjun Nagar, New Delhi - 110008, India |
|
Date of Appointment : |
14.01.2014 |
|
PAN No.: |
EAMPS1196H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Anil Minda |
2903000 |
|
Kalpana Minda |
2426360 |
|
Richa Minda |
100 |
|
Ashwani Minda |
3700 |
|
J. P. Minda |
52080 |
|
Vandana Minda |
31460 |
|
Dwarika Electronvest
Private Limited |
15000 |
|
J. A. Builders Limited |
245300 |
|
Mew Tools Private Limited |
230700 |
|
ELA Overseas Private Limited |
25000 |
|
Grow Fast Securities and Creditors Limited |
199800 |
|
Kritika Exports Private Limited |
90000 |
|
Swell Exports Private Limited |
87500 |
|
Commitment Finance Limited |
2230000 |
|
Consorium Vyapaar Limited |
865000 |
|
Electricals and Electronics India Limited |
894000 |
|
Heaven Suppliers Private Limited |
616000 |
|
Grow Fast Securities Private Limited |
3000 |
|
Kuber Goods Private Limited |
25000 |
|
Mukul Mills Private Limited |
10000 |
|
Vandana Design Private Limited |
13000 |
|
Shyambaba Distributors Private Limited |
15000 |
|
Titanic Chemicals Private Limited |
10000 |
|
Weldon Vanijya Private Limited |
9000 |
|
|
|
|
Total |
11000000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
50.76 |
|
Directors or relatives of Directors |
49.24 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in the manufacturing and sale of Automotive Components. |
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Products : |
v
Electrical - Ignition coil, Ignition wire
set, Noise Suppressor cap v
Electronic - Central door lock unit, wipe
wash intermittent ckt assembly v
Electromechnical -
Relays (flasher, starter), solenoid type starter relays, washer motor pumps,
Motorized door actuators v
Mechanical - Handles, Locks, Fuel caps,
Aluminium tubes |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
v
Yes Bank Limited, 9th Floor, Nehru Centre, Discovery Of
India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra,
India v
Kotak Mahindra Bank Limited,
15-16, UGF Ambadeep Building, 14, K G Marg, Connaught Place, New
Delhi – 11000, India |
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Facilities : |
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Auditors : |
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|
Name : |
V. C. Gautam and Company Chartered Accountant |
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Address : |
B – 3, Kailash Colony, |
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PAN
No. : |
AAAFV3990J |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives |
v Jay Ushin Limited v Jay Autocomponents Limited v Jns Instruments Limited v Jpm Tools Limited v Anu Auto Industries v Modern Engg. Works v
Jushin Enterprises |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs.110.000 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs.110.000 Millions |
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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 |
100.000 |
50.980 |
49.980 |
|
(b) Reserves & Surplus |
258.238 |
255.952 |
229.599 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
10.000 |
|
Total
Shareholders’ Funds (1) + (2) |
358.238 |
306.932 |
289.579 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
162.192 |
153.373 |
102.222 |
|
(b) Deferred tax liabilities (Net) |
38.162 |
32.284 |
23.495 |
|
(c) Other long term liabilities |
0.000 |
25.098 |
0.000 |
|
(d) long-term provisions |
6.681 |
4.107 |
2.449 |
|
Total Non-current Liabilities (3) |
207.035 |
214.862 |
128.166 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
228.326 |
133.965 |
150.889 |
|
(b) Trade payables |
279.913 |
171.735 |
147.499 |
|
(c) Other current
liabilities |
17.831 |
112.364 |
87.815 |
|
(d) Short-term provisions |
20.801 |
17.730 |
11.172 |
|
Total Current Liabilities (4) |
546.871 |
435.794 |
397.375 |
|
|
|
|
|
|
TOTAL |
1112.144 |
957.588 |
815.120 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
481.462 |
435.239 |
391.708 |
|
(ii) Intangible Assets |
4.732 |
4.998 |
5.263 |
|
(iii) Capital
work-in-progress |
27.580 |
14.827 |
0.000 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
10.167 |
10.167 |
10.167 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.493 |
4.747 |
4.204 |
|
(e) Other Non-current assets |
24.251 |
27.830 |
26.740 |
|
Total Non-Current Assets |
550.685 |
497.808 |
438.082 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
261.366 |
242.120 |
175.011 |
|
(c) Trade receivables |
202.688 |
181.268 |
166.857 |
|
(d) Cash and cash
equivalents |
10.285 |
3.238 |
3.183 |
|
(e) Short-term loans and
advances |
87.086 |
33.087 |
31.887 |
|
(f) Other current assets |
0.034 |
0.067 |
0.100 |
|
Total Current Assets |
561.459 |
459.780 |
377.038 |
|
|
|
|
|
|
TOTAL |
1112.144 |
957.588 |
815.120 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1305.062 |
1266.402 |
1090.734 |
|
|
|
Other Income |
2.557 |
3.676 |
1.363 |
|
|
|
TOTAL |
1307.619 |
1270.078 |
1092.097 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
893.696 |
878.239 |
757.690 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
5.509 |
(16.288) |
(17.682) |
|
|
|
Employees benefits expense |
152.815 |
130.351 |
110.279 |
|
|
|
Exceptional Items |
0.033 |
0.033 |
0.163 |
|
|
|
Other expenses |
191.194 |
193.548 |
167.194 |
|
|
|
TOTAL |
1243.247 |
1185.883 |
1017.644 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
64.372 |
84.195 |
74.453 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
30.427 |
29.667 |
24.289 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
33.945 |
54.528 |
50.164 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
23.738 |
21.783 |
18.339 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
10.207 |
32.745 |
31.825 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.920 |
15.392 |
13.661 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
2.287 |
17.353 |
18.164 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
0.23 |
3.45 |
3.63 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.18 |
1.37 |
1.67 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
4.93 |
6.65 |
6.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.95 |
3.51 |
3.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.11 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.09 |
0.94 |
0.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03 |
1.06 |
0.95 |
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 |
49.980 |
50.980 |
100.000 |
|
Reserves & Surplus |
229.599 |
255.952 |
258.238 |
|
Share
Application money pending allotment |
10.000 |
0.000 |
0.000 |
|
Net worth |
289.579 |
306.932 |
358.238 |
|
|
|
|
|
|
long-term borrowings |
102.222 |
153.373 |
162.192 |
|
Short term borrowings |
150.889 |
133.965 |
228.326 |
|
Total borrowings |
253.111 |
287.338 |
390.518 |
|
Debt/Equity ratio |
0.874 |
0.936 |
1.090 |
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) |
|
Revenue from operations |
1090.734 |
1266.402 |
1305.062 |
|
|
|
16.105 |
3.053 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
1090.734 |
1266.402 |
1305.062 |
|
Profit |
18.164 |
17.353 |
2.287 |
|
|
1.67% |
1.37% |
0.18% |
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs. In Millions) |
31.03.2012 (Rs. In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Foreign currency term loans from others |
17.028 |
0.000 |
|
Rupee term loans from others |
0.000 |
61.013 |
|
|
|
|
|
Total |
17.028 |
61.013 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10371376 |
27/05/2013 * |
90,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, Maharashtra - 400018, INDIA |
B77257400 |
|
2 |
10359169 |
04/06/2012 |
51,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE,
ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B41019456 |
|
3 |
10219480 |
16/06/2014 * |
412,100,000.00 |
KOTAK MAHINDRA BANK
LIMITED |
7th Floor AMBADEEP
BUILDING, 14, K G MARG, CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA |
C06760243 |
|
4 |
10090182 |
07/02/2008 |
8,700,000.00 |
KOTAK MAHINDRA BANK
LIMITED |
7TH FLOOR, AMBADEEP
BUILDING, KASTURBA GANDHI MARG, NEW DELHI, Delhi - 110001, INDIA |
A33290743 |
|
5 |
10087893 |
11/11/2008 * |
198,800,000.00 |
KOTAK MAHINDRA BANK
LIMITED |
7TH FLOOR, AMBADEEP
BUILDING, KASTURBA GANDHI MARG, NEW DELHI, Delhi - 110001, INDIA |
A51645190 |
|
6 |
10064479 |
30/07/2007 |
95,000,000.00 |
KOTAK MAHINDRA BANK
LIMITED |
7TH FLOOR, AMBADEEP BUILDING,
KASTURBA GANDHI MARG, NEW DELHI, Delhi - 110001, INDIA |
A21118427 |
|
7 |
10081087 |
30/07/2007 |
95,000,000.00 |
KOTAK MAHINDRA BANK
LIMITED |
7TH FLOOR, AMBADEEP
BUILDING, KASTURBA GANDHI MARG, NEW DELHI, Delhi - 110001, INDIA |
A25466251 |
|
8 |
80023032 |
15/10/2008 * |
143,700,000.00 |
KOTAK MAHINDRA BANK
LIMITED |
7TH FLOOR, AMBADEEP
BUILDING, KASTURBA GANDHI MARG, NEW DELHI, Delhi - 110001, INDIA |
A51645331 |
|
9 |
90047981 |
28/06/2000 |
1,000,000.00 |
CANARA BANK |
3-F; KAMLA NAGAR, DELHI,
Delhi, INDIA |
- |
|
10 |
90047631 |
18/05/2000 * |
4,000,000.00 |
HARYANA STATE INDL. DEV.
CORP. LTD. |
SECTOR 17- A, CHANDIGARH,
Chandigarh, INDIA |
- |
|
11 |
90046717 |
12/12/1996 |
12,000,000.00 |
HARYANA STATE INDL. DEV. CORP.
LTD. |
SECTOR 17- A, CHANDIGARH,
Chandigarh, INDIA |
- |
|
12 |
90046211 |
28/06/2000 * |
500,000.00 |
CANARA BANK |
KAMLA NAGAR, DELHI,
Delhi, INDIA |
- |
* Date of charge modification
BACKGROUND
The company is a public limited company domiciled in India and incorporated in 1986 under the provisions of the Companies Act, 1956. The company is primarily engaged in the manufacturing and sale of Automotive Components. The company caters to both international and domestic market. The company has its manufacturing plants located at Gurgaon, Manesar, Haridwar and Chennai.
FIXED ASSETS
œ Land
œ Buildings
œ Plant and Equipment
œ Furniture and Fixtures
œ Vehicles
œ Office Equipment
œ Computer Equipment’s
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 records 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.61.97 |
|
|
1 |
Rs.97.37 |
|
Euro |
1 |
Rs.77.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.