MIRA INFORM REPORT
|
Report Date : |
18.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
AMIT CAPACITORS LIMITED (w.e.f. 16.05.2000) |
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|
|
|
Formerly Known
As : |
AMIT CAPACITORS PRIVATE LIMITED |
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Registered
Office : |
A-8, Co-Operative Industrial Estate, Balanagar, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
11.08.1982 |
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Com. Reg. No.: |
36-003603 |
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Capital
Investment / Paid-up Capital : |
Rs.24.582 Millions |
|
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CIN No.: [Company Identification
No.] |
U27109TG1982PLC003603 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Capacitors. |
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No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Profitability of the company seems to be low during 2014. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealings 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating=BB- |
|
Rating Explanation |
Have moderate risk of default. |
|
Date |
01.12.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating=A4+ |
|
Rating Explanation |
Have minimal degree of safety and carry very
high credit risk. |
|
Date |
01.12.2014 |
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. Jitendra Agarwal |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-40-23879990 |
|
Date : |
17.12.2014 |
LOCATIONS
|
Registered Office : |
A-8, Co-Operative Industrial Estate, Balanagar, |
|
Tel. No.: |
91-40-23879990 / 91 / 92 / 93 |
|
Fax No.: |
91-40-23879995 / 96 |
|
E-Mail : |
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|
Location : |
Leased |
|
|
|
|
Factory 1 : |
Plot No.90 and 91, Pilerne Industrial Estate, Bardez, Goa – 403511, |
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|
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|
Factory 2 : |
D-3/ 5 and 6, Corlim, Industrial Estate, Corlim, Ilhas North, Goa –
403110, |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Amit Tibrewala |
|
Designation : |
Managing Director |
|
Address : |
6-3-250/3, Road No.1, Banjara Hills, |
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Date of Appointment : |
02.04.1997 |
|
DIN No.: |
01701848 |
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|
Name : |
Mr. Ashwin Tibrewala |
|
Designation : |
Director |
|
Address : |
6-3-250/3, Road No.1, Banjara Hills, |
|
Date of Appointment : |
02.04.2001 |
|
DIN No.: |
01692846 |
|
|
|
|
Name : |
Mr. Ashok Kumar Tibrewala |
|
Designation : |
Director |
|
Address : |
6-3-250/3, Road No.1, Banjara Hills, |
|
Date of Appointment : |
11.08.1982 |
|
DIN No.: |
01692947 |
|
|
|
|
Name : |
Mrs. Renu Tibrewala |
|
Designation : |
Director |
|
Address : |
6-3-250/3, Road No.1, Banjara Hills, |
|
Date of Appointment : |
20.06.1990 |
|
DIN No.: |
02576733 |
KEY EXECUTIVES
|
Name : |
Mr. Jitendra Agarwal |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Ashok Kumar Tibrewala |
6145500 |
25.00 |
|
Amit Tibrewala |
4916500 |
20.00 |
|
Ashwin Tibrewala |
4828500 |
19.64 |
|
Tibrewala Electronics Limited |
46700 |
0.19 |
|
Geetanjali Wire Products Private Limited |
41200 |
0.17 |
|
Renu Tibrewala |
2458200 |
10.00 |
|
Anuradha Agarwal |
1229000 |
5.00 |
|
Shweta Tibrewala |
2458300 |
10.00 |
|
Trushna Tibrewala |
2458300 |
10.00 |
|
Total |
24582200 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
0.36 |
|
Directors or relatives of Directors |
99.64 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Capacitors. |
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Products : |
Capacitors |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C, Cheque and Credit |
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Purchasing : |
L/C, Cheque and Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Others
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No. of Employees : |
300 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Financial
Institution : |
Pyramid
Finance Private Limited, Salgaocar House, |
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Auditors : |
|
|
Name : |
Luharuka and Associates Chartered Accountants |
|
Address : |
5-4-187/3&4, 2nd Floor, Soham Manison, |
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PAN No.: |
AAAFL6424D |
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Membership : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.100/- each |
Rs.25.000 Millions |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
245822 |
Equity Shares |
Rs.100/- each |
Rs.24.582 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
24.582 |
24.582 |
24.582 |
|
(b) Reserves & Surplus |
70.847 |
69.225 |
64.931 |
|
(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) |
95.429 |
93.807 |
89.513 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
20.725 |
28.813 |
25.030 |
|
(b) Deferred tax liabilities (Net) |
4.071 |
6.149 |
7.340 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
24.796 |
34.962 |
32.370 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
109.850 |
120.419 |
95.549 |
|
(b) Trade
payables |
71.567 |
84.045 |
83.374 |
|
(c) Other
current liabilities |
29.166 |
38.433 |
36.261 |
|
(d) Short-term
provisions |
4.781 |
5.965 |
1.048 |
|
Total Current
Liabilities (4) |
215.364 |
248.862 |
216.232 |
|
|
|
|
|
|
TOTAL |
335.589 |
377.631 |
338.115 |
|
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|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
103.239 |
119.360 |
113.740 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
15.335 |
13.835 |
11.820 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.034 |
1.034 |
1.034 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.292 |
2.291 |
2.137 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
121.900 |
136.520 |
128.731 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
68.531 |
66.532 |
64.347 |
|
(c) Trade
receivables |
118.436 |
148.775 |
111.475 |
|
(d) Cash
and cash equivalents |
3.175 |
5.048 |
7.378 |
|
(e)
Short-term loans and advances |
23.547 |
20.756 |
23.752 |
|
(f) Other
current assets |
0.000 |
0.000 |
2.432 |
|
Total
Current Assets |
213.689 |
241.111 |
209.384 |
|
|
|
|
|
|
TOTAL |
335.589 |
377.631 |
338.115 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
364.926 |
408.126 |
371.647 |
|
|
|
Other Income |
0.489 |
0.978 |
1.340 |
|
|
|
TOTAL (A) |
365.415 |
409.104 |
372.987 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
224.103 |
257.893 |
237.206 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(8.084) |
(0.149) |
5.274 |
|
|
|
Employee Benefits Expenses |
39.923 |
46.482 |
39.714 |
|
|
|
Other Expenses |
63.636 |
53.760 |
44.025 |
|
|
|
TOTAL (B) |
319.578 |
357.986 |
326.219 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
45.837 |
51.118 |
46.768 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
22.035 |
24.021 |
24.712 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
23.802 |
27.097 |
22.056 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
20.913 |
19.609 |
17.863 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
2.889 |
7.488 |
4.193 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.923 |
2.849 |
1.111 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
1.966 |
4.639 |
3.082 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.00 |
18.87 |
12.54 |
|
Expected Sales (2014-2015): Rs.400.000 Millions
The above information has been parted by Mr. Jitendra Agarwal (Accounts
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
0.54 |
1.14 |
0.83 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
12.56 |
12.53 |
12.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.91 |
2.06 |
1.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.08 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.37 |
1.59 |
1.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99 |
0.97 |
0.97 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
24.582 |
24.582 |
24.582 |
|
Reserves & Surplus |
64.931 |
69.225 |
70.847 |
|
Net
worth |
89.513 |
93.807 |
95.429 |
|
|
|
|
|
|
long-term borrowings |
25.030 |
28.813 |
20.725 |
|
Short term borrowings |
95.549 |
120.419 |
109.850 |
|
Total
borrowings |
120.579 |
149.232 |
130.575 |
|
Debt/Equity
ratio |
1.347 |
1.591 |
1.368 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
371.647 |
408.126 |
364.926 |
|
|
|
9.815 |
(10.585) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
371.647 |
408.126 |
364.926 |
|
Profit |
3.082 |
4.639 |
1.966 |
|
|
0.83% |
1.14% |
0.54% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
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:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
From companies |
0.899 |
1.222 |
|
From others |
16.558 |
12.875 |
|
|
|
|
|
Total |
17.457 |
14.097 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10315929 |
10/10/2011 |
5,600,000.00 |
PYRAMID FINANCE PRIVATE LIMITED |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAMA, GOA, GOA - 403802, INDIA |
B24652364 |
|
2 |
10289521 |
11/05/2011 |
6,000,000.00 |
PYRAMID FINANCE PRIVATE LIMITED |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAMA, GOA, GOA - 403802, INDIA |
B13969282 |
|
3 |
10278390 |
23/03/2011 |
500,000.00 |
PYRAMID FINANCE PRIVATE LIMITED |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAMA, GOA, GOA - 403802, INDIA |
B10024057 |
|
4 |
10262134 |
21/12/2010 |
1,150,000.00 |
PYRAMID FINANCE PRIVATE LIMITED |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAMA, GOA, GOA - 403802, INDIA |
B03243896 |
|
5 |
10252686 |
25/10/2010 |
4,000,000.00 |
PYRAMID FINANCE PRIVATE LIMITED |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAMA, GOA, GOA - 403802, INDIA |
A97996235 |
|
6 |
10248872 |
25/10/2010 |
6,300,000.00 |
PYRAMID FINANCE PRIVATE LIMITED |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAMA, GOA, GOA - 403802, INDIA |
A97997191 |
|
7 |
10283310 |
01/12/2009 |
1,741,421.00 |
PYRAMID FINANCE PRIVATE LIMITED |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAMA, GOA, GOA - 403802, INDIA |
A75876664 |
|
8 |
10181181 |
20/10/2009 |
7,600,000.00 |
PYRAMID FINANCE LIMITED |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAMA, GOA, GOA - 403802, INDIA |
A71636419 |
|
9 |
10184147 |
14/09/2009 |
255,000.00 |
PYRAMID FINANCE LIMITED |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAMA, GOA, GOA - 403802, INDIA |
A72449465 |
|
10 |
10176999 |
07/08/2009 |
3,100,000.00 |
PYRAMID FINANCE LIMITED |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAMA, GOA, GOA - 403802, INDIA |
A70189873 |
|
11 |
90124491 |
22/11/2004 |
1,300,000.00 |
PYRAMID FINANCE LIMITED |
REGISTERED
OFFICE: SALGOCAR HOUSE, F.L. GOMES ROA |
- |
|
12 |
90123252 |
05/07/2004 |
913,500.00 |
HDFC BANK LTD; HDFC BANK HOUSE; |
SONAPALI BAPAT MARG; LOWER PAREL(W), MUMBAI 13, MAHARASHTRA, INDIA |
- |
|
13 |
90124594 |
27/05/2002 * |
14,785,000.00 |
STATA BANK OF TRAVANCORE |
5-1-720; 1ST FLOOR; KAUSHAL CHAMBERS, BANK STREET; KOTI, HYDERABAD BRANCH, ANDHRA PRADESH - 500095, INDIA |
- |
|
14 |
90124590 |
19/10/2001 * |
1,955,000.00 |
STATA BANK OF TRAVANCORE |
5-1-720; 1ST FLOOR; KAUSHAL CHAMBERS, BANK STREET; KOTI, HYDERABAD BRANCH, ANDHRA PRADESH - 500095, INDIA |
- |
|
15 |
90124589 |
28/03/2011 * |
196,600,000.00 |
STATE BANK OF TRAVANCORE |
BANK STREET, KOTI, HYDERABAD, ANDHRA PRADESH - 500095, INDIA |
B12789509 |
|
16 |
90121274 |
15/01/1999 |
3,000,000.00 |
THE ECONOMIC DEVELOPMENT CORPORATION GOA DAMAN AND DIU LTD. |
EDC
HOUSE; DR. ATMARAM BORKER ROAD, PANAJI, GOA, |
- |
|
17 |
90121145 |
10/05/2000 * |
7,200,000.00 |
STATA BANK OF TRAVANCORE |
5-1-720; 1ST FLOOR; KAUSHAL CHAMBERS, BANK STREET; KOTI, HYDERABAD BRANCH, ANDHRA PRADESH - 500095, INDIA |
- |
|
18 |
90124579 |
27/05/2002 * |
15,326,000.00 |
STATA BANK OF TRAVANCORE |
5-1-720; 1ST FLOOR; KAUSHAL CHAMBERS, BANK STREET KOTI, HYDERABAD BRANCH, ANDHRA PRADESH - 500095, INDIA |
- |
|
19 |
90120676 |
07/02/1994 |
9,435,000.00 |
STATA BANK OF TRAVANCORE |
5-1-724; KAUSHAL CHAMBERAS; 1ST FLOOR;, BANK ST.; KOTI, HYDERABAD, ANDHRA PRADESH - 500001, INDIA |
- |
|
20 |
90120326 |
07/02/1994 * |
5,020,000.00 |
STATA BANK OF TRAVANCORE |
5-1-724; KAUSHAL CHAMBERS; IST FLOOR, BANK ST. KOTI, HYDERABAD, ANDHRA PRADESH, INDIA |
- |
|
21 |
90124569 |
19/12/1984 |
450,000.00 |
STATA BANK OF TRAVANCORE |
HYDERABAD, HYDERABAD, ANDHRA PRADESH - 500001, INDIA |
- |
|
22 |
90124568 |
21/03/1985 * |
1,150,000.00 |
STATA BANK OF TRAVANCORE |
J.N.
ROAD ABIDS, HYDERABAD BRANCH, ANDHRA PRADESH |
- |
|
23 |
90124567 |
09/12/2005 * |
775,000.00 |
STATA BANK OF TRAVANCORE |
P.B.NO.21; J.N. ROAD; NEAR RAMAKRISHNA THEATRE, HYDERABAD BRANCH, ANDHRA PRADESH - 500001, INDIA |
- |
|
24 |
90124566 |
26/04/1984 * |
295,000.00 |
STATA BANK OF TRAVANCORE |
P.B.NO.21; J.N. ROAD; NEAR RAMAKRISHNA THEATRE, HYDERABAD BRANCH, ANDHRA PRADESH - 500001, INDIA |
- |
|
25 |
90120066 |
17/03/1984 |
100,000.00 |
STATA BANK OF TRAVANCORE |
P.B. NO.21; J.N.ROAD; EAR RAMAKRISHNA THEATRE, HYDERABAD, ANDHRA PRADESH - 500001, INDIA |
- |
|
26 |
90120064 |
21/03/1984 * |
100,000.00 |
STATA BANK OF TRAVANCORE |
P.B.NO.21; J.N. ROAD; NEAR RAMAKRISHNA THEATRE, HYDERABAD BRANCH, ANDHRA PRADESH - 500001, INDIA |
- |
|
27 |
90120054 |
15/12/1983 |
400,000.00 |
STATA BANK OF TRAVANCORE |
J.N.
ROAD ABIDS, HYDERABAD BRANCH, ANDHRA PRADESH |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Electrical Installation
·
Office Equipment
·
Computer
·
Vehicles
·
Weighing Machine
·
Generator
·
Tools and Dies
·
Air Conditioner
·
Testing 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.63.58 |
|
|
1 |
Rs.99.98 |
|
Euro |
1 |
Rs.79.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
|
--PROFITABILITY |
1~10 |
2 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
28 |
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.