Business
information report
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
ESCORTS PISTONS LIMITED |
Principal Name 1 |
Mr. Nanda Anil |
|
Status |
Dormant |
Principal Name 2 |
Mr. Kappor R B |
|
|
|
Registration # |
55-077733 |
|
Street Address |
52-B, 2nd Floor, Okhla Industrial Estate, Phase-III, New
Delhi-110020 |
||
|
Established Date |
02.04.1996 |
SIC Code |
-- |
|
Telephone# |
91-11-40689000 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-26318260 |
Business Style 2 |
Assemble |
|
Homepage |
-- |
Product Name 1 |
Remodel purchase |
|
# of employees |
Not Available |
Product Name 2 |
Fabricate |
|
Paid up capital |
Rs. 960,178,000/- |
Product Name 3 |
Alter |
|
Shareholders |
Bodies corporate-100% |
Banking |
State Bank of Patiala |
|
Public Limited Corp. |
No |
Business Period |
18 Years |
|
IPO |
No |
International Ins. |
- |
|
Public Enterprise |
No |
Rating |
C |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
|
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
-- |
Current Liabilities |
-- |
|
Inventories |
-- |
Long-term Liabilities |
-- |
|
Fixed Assets |
-- |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
-- |
|
Invest& other Assets |
-- |
Retained Earnings |
-- |
|
|
|
Net Worth |
-- |
|
Total Assets |
-- |
Total Liab. & Equity |
-- |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
|
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
-- |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
|
Report Date : |
06.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
ESCORTS PISTONS LIMITED |
|
|
|
|
Formerly Known
As : |
ESCORTS MAHLE LIMITED |
|
|
|
|
Registered
Office : |
52-B, 2nd Floor, Okhla Industrial Estate, Phase-III, New
Delhi-110020 |
|
|
|
|
Country : |
India |
|
|
|
|
Date of
Incorporation : |
02.04.1996 |
|
|
|
|
Com. Reg. No.: |
55-077733 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 960.178 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300DL1996PLC077733 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELE02839E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE1749F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Assemble, Installer and Producer of alter, fabricate,
remodel purchase. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Dormant |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
|
|
|
|
Comments : |
The status of the company has shown as dormant. The management of the
company has not filed its financial since its incorporation. Mr. Radha Krishna, Assistant Manager confirmed that the subject
company has been dissolved and their business is taken over by “Federal Mogul
Goetze India” from 2002 but the management is different. Therefore, the company cannot be considered for business dealings. |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
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.
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. Radha Krishna |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-11-40689000 |
|
Date : |
30.12.2013 |
LOCATIONS
|
Registered Office : |
52-B, 2nd Floor, Okhla Industrial Estate, Phase-III, New
Delhi-110020, India |
|
Tel. No.: |
91-11-40689000 |
|
Fax No.: |
91-11-26318260 |
DIRECTORS
AS ON 30.04.2003
|
Name : |
Mr. Nanda Anil |
|
Designation : |
Director |
|
Address : |
12C, Friends Colony (West), New Delhi-110065, India |
|
Date of Birth/Age : |
23.06.1952 |
|
Date of Appointment : |
02.04.1996 |
|
|
|
|
Name : |
Mr. Kappor R B |
|
Designation : |
Director |
|
Address : |
E-361, Greater Kailash I, New Delhi-110048, India |
|
Date of Birth/Age : |
02.07.1941 |
|
Date of Appointment : |
01.10.1996 |
|
|
|
|
Name : |
Mr. Nanda Nikhil |
|
Designation : |
Director |
|
Address : |
2, Friends Colony (West), New Delhi-110065, India |
|
Date of Birth/Age : |
18.03.1974 |
|
Date of Appointment : |
12.06.1997 |
|
|
|
|
Name : |
Mr. Arun Anand |
|
Designation : |
Director |
|
Address : |
K-26, Jangpura Extension, New Delhi-110014, India |
|
Date of Birth/Age : |
21.07.1956 |
|
Date of Appointment : |
26.09.2002 |
KEY EXECUTIVES
|
Name : |
Mr. Radha Krishna |
|
Designation : |
Assistant Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.04.2003
|
Names of Equity Shareholders |
No. of Shares |
|
Coupled Investment Private Limited, India |
43517756 |
|
Coupled Investment Private Limited, JYL With Mr. Anil Nanda |
10 |
|
Coupled Investment Private Limited, JYL With Rajan Luthra |
10 |
|
Coupled Investment Private Limited, JYL With Baldev Raj Kapoor |
10 |
|
Coupled Investment Private Limited, JYL With Arun Anand |
10 |
|
Coupled Investment Private Limited, JYL With Mukesh Manglik |
10 |
|
Coupled Investment Private Limited, JYL With Mohan Narayanan |
10 |
|
TOTAL
|
43517816 |
AS ON 30.04.2003
|
Names of 0.01% Redeemable Cumulative Preference Shareholders |
No. of Shares |
|
Coupled Investment Private Limited, India |
5250000 |
|
TOTAL
|
5250000 |
AS ON 30.04.2003
|
Equity Shares
Break Up |
Percentage of Holding |
|
Bodies corporate |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Assemble, Installer and Producer of alter, fabricate,
remodel purchase. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
· State Bank of Patiala · Standard Chartered Bank · ABN Amro Bank · Bank of Indai · CITI Bank ·
ICICI Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.04.2003
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
44000000 |
Equity Shares |
Rs.10/- each |
Rs. 440.000 Millions |
|
5250000 |
Preference Shares |
Rs.100/- each |
Rs. 525.000 Millions |
|
|
TOTAL |
|
Rs. 965.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
43517816 |
Equity Shares |
Rs.10/- each |
Rs. 435.178
Millions |
|
5250000 |
0.01% Redeemable Cumulative Preference
Shareholders |
Rs.100/- each |
Rs. 525.000 Millions |
|
|
TOTAL |
|
Rs. 960.178 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
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 |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
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 |
No |
|
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 |
No |
|
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 |
No |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
90053180 |
31/03/2000 * |
500,000,000.00 |
ICICI LIMITED |
NBCC BUILDING 6TH FLOOR
BHISHMA PITAMA MARG, PRAG |
- |
|
2 |
90053136 |
14/08/1998 * |
200,000,000.00 |
ANZ GRINDLAYS BANK
LIMITED |
H-BLOCK CONNOUGHT CIRCUS, NEW
DELHI, DELHI - 110001, INDIA |
- |
|
3 |
90053129 |
16/07/1997 |
100,000,000.00 |
BANK OF AMERCIA NATIONAL TRUST
AND SAVINGS ASSOCIA |
DCM BUILDING; 7TH FLOOR,
BARAKHAMBA RAOD, NEW DEL |
- |
|
4 |
90053047 |
28/02/1997 |
150,000,000.00 |
THE INDUSTRIAL CREDIT AND
IVESTMENT CORP OF INDIA LIMITED |
124; CONNNAUGHT CIRCUS, NEW
DELHI, DELHI - 110001, |
- |
|
5 |
90053046 |
08/12/1997 * |
60,000,000.00 |
STATE BANK OF PATIALA |
MALL RAOD BRANCH, PATIALA,
PUNJAB - 147001, INDIA |
- |
|
6 |
90053043 |
08/12/1997 * |
50,000,000.00 |
STANDARD CHARTERED BANK |
17 PARLIAMENT STREET, NEW
DELHI, DELHI - 110001, INDIA |
- |
|
7 |
90053042 |
08/12/1997 * |
50,000,000.00 |
ABN AMRO BANK |
DLF CENTRE, 17; PARLIAMENT STREET,
NEW DELHI, DELHI - 110001, INDIA |
- |
|
8 |
90053021 |
08/12/1997 * |
65,000,000.00 |
BANK OF INDAI |
17; PARLIAMENT STREET, NEW
DELHI, DELHI - 110001, INDIA |
- |
|
9 |
90053020 |
08/12/1997 * |
60,000,000.00 |
CITI BANK |
JEEVAN BHARATI 3 SANSAD MARG,
NEW DELHI, DELHI - 1 |
- |
|
10 |
90053019 |
08/12/1997 * |
110,000,000.00 |
ANZ GRINDLAYS BANK
LIMITED |
H-BLOCK CONNOUGHT CIRCUS, NEW
DELHI, DELHI - 110001, INDIA |
- |
|
* Date of charge modification |
||||||
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. 62.40 |
|
|
1 |
Rs. 102.53 |
|
Euro |
1 |
Rs. 85.19 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
DPT |
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.