|
Report Date : |
04.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SILVER TOUCH TECHNOLOGIES LIMITED |
|
|
|
|
Formerly Known
As : |
SILVER TOUCH COMPUTERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, Saffron, Near Panchwati Circle, Ambawadi,
Ahmedabad - 380006, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
02.02.1995 |
|
|
|
|
Com. Reg. No.: |
04-024465 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 55.950
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200GJ1995PLC024465 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS6474P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading of Computer Parts and Software Development. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track
record. The company has seen an increase in its sales turnover as well as the net
profitability during 2013. Financial position appears to be decent. Trade relations are fair. Business is active. Payment terms are
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.
INDIAN ECONOMIC OVERVIEW
India’s current account
deficit narrowed in the quarter ended September as government measures to curb
imports, especially gold, kicked in. The current account deficit, the
excess of a country’s imports of goods and services over exports, narrowed to $
5.2 billion from $ 21 billion in the year ago period, according to provisional
Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for
the year will be less than $ 60 billion or 3 per cent of GDP and the latest
data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million worth
of mobile-phone-based transactions by July 2013 compared to Rs.260 million in
September, 2012, according to Deloitte report. The number of transactions has
shot up from 94000 to 701000.
India aims to earn Rs.400000
million from the bandwidth auction set for January. The merger and acquisition
guidelines, cleared by a group of ministers, will be out before the auction
begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
04.02.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
04.02.2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Paulin Shah |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-79-26563158 |
|
Date : |
03.01.2014 |
LOCATIONS
|
Registered Office : |
2nd Floor, Saffron, Near Panchwati Circle, Ambawadi,
Ahmedabad - 380006, Gujarat, India |
|
Tel. No.: |
91-79-26563158/ 26408802/ 40022774/ 5 |
|
Fax No.: |
91-79-26561624 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Regional Offices : |
Located at: · Delhi · Ahmedabad · Gandhinagar · Rajkot · Baroda |
|
|
|
|
International Offices : |
Located at: · North America · United Kingdom · Australia · France · Sweden |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Vipul Haridas Thakkar |
|
Designation : |
Managing director |
|
Address : |
19, Netra Bunglow, Near Seema Saurabh Society, Near Memnagar Fire
Station, Memnagar, Ahmedabad - 380052, Gujarat, India |
|
Date of Birth/Age : |
21.09.1970 |
|
Qualification : |
B.E., MBA |
|
Date of Appointment : |
02.02.1995 |
|
DIN No.: |
00169558 |
|
PAN No.: |
ABVPT8027A |
|
|
|
|
Name : |
Mr. Jignesh Amritlal Patel |
|
Designation : |
Whole-time director |
|
Address : |
5, Sadhana Colony, Stadium Road, Ahmedbad - 380009, Gujarat, India |
|
Date of Birth/Age : |
15.05.1971 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
02.02.1995 |
|
DIN No.: |
00170562 |
|
PAN No.: |
ABXPP2283Q |
|
|
|
|
Name : |
Mrs. Palak Vinubhai Shah |
|
Designation : |
Whole-time director |
|
Address : |
29/1, Girdhar Nagar Society, Shahibaug, Ahmedabad - 380004, Gujarat,
India |
|
Date of Birth/Age : |
20.12.1970 |
|
Qualification : |
B.E. (Computer) |
|
Date of Appointment : |
06.10.2006 |
|
DIN No.: |
00306082 |
|
PAN No.: |
AFXPS5699R |
|
|
|
|
Name : |
Mr. Minesh Vinodchandra Doshi |
|
Designation : |
Whole-time director |
|
Address : |
205, Kahan Kutir, Opposite Jain Temple Liberty, Navrangpura, Ahmedabad
- 380009, Gujarat, India |
|
Date of Birth/Age : |
23.11.1970 |
|
Qualification : |
B.E. (Computer) |
|
Date of Appointment : |
06.10.2006 |
|
DIN No.: |
00306106 |
|
PAN No.: |
AEHPD1881M |
|
|
|
|
Name : |
Mr. Himanshu Jain |
|
Designation : |
Whole-time director |
|
Address : |
32, Sukhdev Vihar, New Delhi - 110025, India |
|
Date of Birth/Age : |
05.01.1969 |
|
Qualification : |
Diploma (Eng.) |
|
Date of Appointment : |
19.07.2010 |
|
DIN No.: |
AALPJ3069K |
|
PAN No.: |
00454477 |
|
|
|
|
Name : |
Mr. Ronak Sudhirbhai Shah |
|
Designation : |
Director |
|
Address : |
B/3, Dipkuinj Flats, Opposite Purnanad Ashram, Navjivan Post,
Ahmedabad-380014, Gujarat, India |
|
Date of Birth/Age : |
05.10.1973 |
|
Qualification : |
ACS |
|
Date of Appointment : |
01.10.2008 |
|
DIN No.: |
02292044 |
|
|
|
|
Name : |
Mr. Harivadan Prabhashankar Thakar |
|
Designation : |
Director |
|
Address : |
10, Vijayvihar Co-operative Housing Society Limited, St. Xavier Road,
Navrangpura, Ahmedabad-380009, Gujarat, India |
|
Date of Birth/Age : |
25.05.1952 |
|
Qualification : |
B.Com., LLB |
|
Date of Appointment : |
01.10.2008 |
|
DIN No.: |
02466067 |
KEY EXECUTIVES
|
Name : |
Mr. Paulin Shah |
|
Designation : |
Accounts Department |
|
|
|
|
Name : |
Mr. Gautambai Kalubhai Virhadiya |
|
Designation : |
Secretary |
|
Address : |
10, Vinayak Park Society, Behind Ambika Nagar, Near Vahera Viratnagar,
Manmohan Road, Odhav, Ahmedabad – 382415, Gujarat, India |
|
Date of Birth/Age : |
07.03.1985 |
|
Date of Appointment : |
25.02.2013 |
|
PAN No. : |
AIEPV3925D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Vipul Haridas Thakkar |
|
1818755 |
|
Jignesh Amrutlal Patel |
|
1801855 |
|
Kajal Vipul Thakkar |
|
245100 |
|
Jolly Jignesh Patel |
|
262000 |
|
Haridas Karshandas Thakkar |
|
700 |
|
Amrutlal Kalidas Patel |
|
350 |
|
Manjulaben Amrutlal Patel |
|
350 |
|
Minesh Vinodchandra Doshi |
|
963290 |
|
Palak Vinukant Shah |
|
392600 |
|
Varsha Minesh Doshi |
|
55000 |
|
Zankhana Palak Shah |
|
55000 |
|
Total |
|
5595000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Computer Parts and Software Development. |
||||||||||||||||
|
|
|
||||||||||||||||
|
Products/ Services : |
|
||||||||||||||||
|
|
|
||||||||||||||||
|
Terms : |
|
||||||||||||||||
|
Selling : |
L/C, Cash and Credit |
||||||||||||||||
|
|
|
||||||||||||||||
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
500 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· Bank of India, Ellisbridge Branch, Opposite Town Hall, Ellisbridge, Ahmedabad - 380006, Gujarat, India [Tel No.: 91-79-26576360] ·
ICICI Bank Limited, JMC House, Near Parimal
Garden, Ahmedabad - 380006, Gujarat, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Ambalal Patel and Company Chartered Accountants |
|
Address : |
1st Floor, Sapphire Business Center, Above SBI Vadaj
Branch, Usmanpura, Ashram Road, Ahmedabad – 380013, Gujarat, India |
|
PAN No.: |
AABFA3490K |
|
|
|
|
Subsidiaries : |
· Silvertouch Technology (UK) Limited ·
Silvertouch Technologies Inc. |
|
|
|
|
Enterprise over
which Key Management Personnel and their relative excersie significant
influence with whom transaction have taken place during the year : |
· Silvertouch Infotech Limited · Semaphore Infotech Private Limited ·
Silvertouch Technologies B.V. |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs. 10/- each |
Rs. 80.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5595000 |
Equity Shares |
Rs. 10/- each |
Rs.55.950
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 |
55.950 |
55.950 |
55.950 |
|
(b) Reserves & Surplus |
226.576 |
184.415 |
155.962 |
|
(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) |
282.526 |
240.365 |
211.912 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
36.526 |
17.523 |
3.259 |
|
(b) Deferred tax liabilities (Net) |
10.799 |
7.738 |
8.146 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.750 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
47.325 |
25.261 |
12.155 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
37.270 |
34.313 |
38.050 |
|
(b) Trade payables |
92.570 |
94.653 |
104.152 |
|
(c) Other current
liabilities |
45.388 |
32.947 |
28.175 |
|
(d) Short-term provisions |
39.927 |
23.915 |
17.059 |
|
Total Current Liabilities (4) |
215.155 |
185.828 |
187.436 |
|
|
|
|
|
|
TOTAL |
545.006 |
451.454 |
411.503 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
141.899 |
105.016 |
95.868 |
|
(ii) Intangible Assets |
3.270 |
3.886 |
4.108 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.114 |
0.086 |
0.086 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
26.170 |
21.730 |
11.755 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
171.453 |
130.718 |
111.817 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
34.589 |
16.466 |
14.710 |
|
(c) Trade receivables |
197.842 |
222.740 |
230.345 |
|
(d) Cash and cash
equivalents |
48.242 |
21.209 |
10.189 |
|
(e) Short-term loans and
advances |
92.880 |
60.321 |
44.287 |
|
(f) Other current assets |
0.000 |
0.000 |
0.155 |
|
Total Current Assets |
373.553 |
320.736 |
299.686 |
|
|
|
|
|
|
TOTAL |
545.006 |
451.454 |
411.503 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
801.004 |
664.843 |
621.117 |
|
|
|
Other Income |
7.171 |
2.801 |
1.844 |
|
|
|
TOTAL (A) |
808.175 |
667.644 |
622.961 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
444.183 |
396.763 |
379.542 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and stock-in-trade |
(18.122) |
(1.755) |
0.783 |
|
|
|
Employee benefit expense |
177.378 |
149.626 |
128.146 |
|
|
|
Other expenses |
108.660 |
58.104 |
54.014 |
|
|
|
TOTAL (B) |
712.099 |
602.738 |
562.485 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
96.076 |
64.906 |
60.476 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.130 |
8.218 |
8.882 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
87.946 |
56.688 |
51.594 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
19.646 |
13.806 |
11.524 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
68.300 |
42.882 |
40.070 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
22.160 |
10.454 |
(8.174) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
46.140 |
32.428 |
48.244 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
119.329 |
95.152 |
58.432 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
5.000 |
5.000 |
5.000 |
|
|
|
Dividend |
2.798 |
2.797 |
5.595 |
|
|
|
Tax on Dividend |
0.454 |
0.454 |
0.929 |
|
|
BALANCE CARRIED
TO THE B/S |
157.217 |
119.329 |
95.152 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Earnings on professional and consultation fees |
147.662 |
147.662 |
126.726 |
|
|
TOTAL EARNINGS |
147.662 |
147.662 |
126.726 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.25 |
5.80 |
8.62 |
|
Expected Sales (2013-14) : Rs. 1000.000 Millions
The above information has been parted by Mr. Paulin Shah
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.71
|
4.86 |
6.43 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.53
|
6.45 |
6.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.53
|
9.50 |
9.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.18 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.26
|
0.22 |
0.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.74
|
1.73 |
1.60 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Current maturities of long term debt |
0.853 |
0.000 |
0.000 |
|
|
|
|
|
|
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 |
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 |
Note:
The Registered office has been shifted from 109, Shreeji Complex, Near
Cargomotors C G Road, Ahmedabad-380009, Gujarat, India to the present address w.e.f.
01.11.2007
REVIEW OF OPERATIONS
AND FUTURE PROSPECTS:
The Company has made total income from business operations of Rs. 664.843 Millions during the year which shows increase in sales in various segments with growth of more than 8% as compared to previous financial year's income. The company has also earned the net profit of Rs. 32.427 Millions, which is slightly lower than the Last year in view of the Hike in the Salary Cost and other Administrative overheads of the Company. The Company is expanding its area of sales in international markets and segments with innovative products and software in order to explore and gain both in monetary terms at international levels and in terms of untapped market for company's services. The Company has also focused in the Areas of E-Governance and The Company has also been Empanelled with Unique Identification Authority of India (UIDAI) and has got The Gujarat as well as Maharashtra State of UIDAI in the Armory. Further Company has entered in to the geographic segment of the state of Rajasthan Successfully by implementing mega E-Governance Project E-Mitra. The Focus on the Business of E-Governance shall give the Company a new height. The Company has also got exclusive project of Gujarat State RTO for vehicle tests both for two wheeler and Four wheeler. The said Projects so in hand shall give your company a new height of success in coming years.
FINANCE:
During the year, the company has availed various credit facilities comprising of Fund Based Limits and Non fund Base Limit from Bank of India to the tune of Rs. 107.000 Millions to meet the liquidity requirements of the company for the smooth running of the business of the Company against the various securities of the Company. The Company has also availed the Financial Assistance in Form of Fund base and Non Fund base Limit From ICICI Bank as against the Export Book Debts. The Interest Rate for the same shall be beneficial which has resultant effect on the Cost Control.
UNSECURED LOAN
Rs. In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long-term
borrowings |
|
|
|
Deposits from others |
23.257 |
3.735 |
|
Loans and advances from related parties |
10.341 |
13.788 |
|
Total |
33.598 |
17.523 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10403512 |
18/01/2013 |
198,000.00 |
BANK OF INDIA |
ELLISBRIDGE BRANCH, OPPOSITE TOWN HALL ELLISBRIDGE, AHMEDABAD, GUJARAT -380006, INDIA |
B68323187 |
|
2 |
10396682 |
28/12/2012 |
735,000.00 |
BANK OF INDIA |
ELLISBRIDGE BRANCH, OPPOSITE TOWN HALL ELLISBRIDGE, AHMEDABAD, GUJARAT -380006, INDIA |
B65782294 |
|
3 |
10244035 |
14/12/2011 * |
20,500,000.00 |
ICICI BANK LIMITED |
J M C HOUSE BRANCH, AHMEDABAD, GUJARAT - 380006, INDIA |
B31536253 |
|
4 |
10244039 |
28/09/2010 |
5,000,000.00 |
ICICI BANK LIMITED |
J M C HOUSE BRANCH, AHMEDABAD, GUJARAT - 380006, INDIA |
A95641957 |
|
5 |
10244038 |
28/09/2010 |
30,000,000.00 |
ICICI BANK LIMITED |
J M C HOUSE BRANCH, AHMEDABAD, GUJARAT - 380006, INDIA |
A95638847 |
|
6 |
10041956 |
25/09/2013 * |
250,000,000.00 |
BANK OF INDIA |
ELLISBRIDGE BRANCH, OPPOSITE TOWN HALL ELLISBRIDGE, AHMEDABAD, GUJARAT -380006, INDIA |
B86221058 |
|
7 |
10041957 |
25/09/2013 * |
250,000,000.00 |
BANK OF INDIA |
ELLISBRIDGE BRANCH, OPPOSITE TOWN HALL ELLISBRIDGE, AHMEDABAD, GUJARAT -380006, INDIA |
B86220852 |
* Date of charge modification
FIXED ASSETS
· Buildings
· Office building
· Other building
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.41 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.85.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
|
47 |
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.