1. Summary Information
|
|
|
Country |
|
|
Company Name |
MATRIX COMSEC
PRIVATE LIMITED |
Principal Name 1 |
MR. DHIRENDRA RAICHAND SAVLA |
|
Status |
GOOD |
Principal Name 2 |
MR. GANESH SAVJI JIVANI |
|
|
|
Registration # |
04-034047 |
|
Street Address |
394, GIDC
Makarpura, Vadodara – 390 010, Gujarat, India |
||
|
Established Date |
01.05.1998 |
SIC Code |
-- |
|
Telephone# |
91-265-2630555 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-265-2636598 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
EPBX TELECOM |
|
|
# of employees |
Not Available |
Product Name 2 |
Security Products |
|
Paid up capital |
Rs. 663,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or Relatives of Directors-100% |
Banking |
The
Royal Bank of Scotland |
|
Public Limited Corp. |
NO |
Business Period |
15 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (54) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary
Firm |
-- |
Matrix Comsec LLC |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
105,487,000
|
Current Liabilities |
109,554,000
|
|
Inventories |
163,171,000
|
Long-term Liabilities |
50,888,000 |
|
Fixed Assets |
337,407,000 |
Other Liabilities |
18,965,000 |
|
Deferred Assets |
5,391,000 |
Total Liabilities |
179,407,000 |
|
Invest& other Assets |
280,000 |
Retained Earnings |
431,666,000 |
|
|
|
Net Worth |
432,329,000 |
|
Total Assets |
611,736,000 |
Total Liab. & Equity |
611,736,000 |
|
Total Assets (Previous Year) |
526,676,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales (Including other income) |
752,225,000 |
Net Profit |
53,689,000 |
|
Sales(Previous yr) (Including other income) |
658,469,000 |
Net Profit(Prev.yr) |
46,381,000 |
MIRA
INFORM REPORT
|
Report Date : |
04.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
MATRIX COMSEC PRIVATE LIMITED (w.e.f. 09.03.2010) |
|
|
|
|
Formerly Known
As : |
MATRIX TELECOM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
394, GIDC Makarpura, Vadodara – 390 010, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
01.05.1998 |
|
|
|
|
Com. Reg. No.: |
04-034047 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.663 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200GJ1998PTC034047 |
|
|
|
|
IEC No.: |
3498001655 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDM00763A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM5892Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of EPBX Telecom and Security Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1700000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track record. Networth of the company is strong. General financial position of the
company is good. Trade relations are reported as fair. Business is active.
Payments are reported to be regular and as per commitment. 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 – 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
Uptick in
agriculture and construction spread some cheer as the economy grew a
higher-than-expected 4.8 % in the three months through September. Manufacturing
rose an annual rate per cent during the quarter and mining fell by 0.4 %,
government data showed while farm output rose 46%.
India has emerged as
the most attractive investment destination, thanks to a relaxation in foreign
direct investment norms, says a report. India is followed by Brazil and China
in the ranking part of EY’s Capital Confidence Barometer report based on a
survey across 70 nations. The US, France and Japan have emerged as the top
three investors likely to invest in India.
India has been
ranked 83rd globally in terms of talent competitiveness of its human
capital. Switzerland, Singapore, Denmark, Sweden and Luxembourg are the
top five in the list of 103 nations compiled by INSEAD business school.
Tax rates for
companies in India are among the highest in the world and the number of
payments is also more than the global average putting the country at low, 158th
rank on the Paying Taxes. 2014 list by the World Bank and PWC. However, the
time taken for tax payments is relatively less in India which is rated ahead of
China and Japan.
1 billion smartphone
shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost
computing in emerging markets. By 2017, total smartphone shipments are expected
to approach 1.7 billion units, resulting in a compound annual growth rate of
18.4 % between 2013 and 2017, according to research from IDC.
20 % vacancy rate of
office space in Mumbai and Delhi in the third quarter, the highest in Asia
after Chengdu, in China. According to Cushman and Wakefield, six Indian cities
are among the 10 office markets with the worst vacancies.
Foreign banks will
not have to pay stamp duty and capital gains tax, if they convert their branch
operations into a wholly owned subsidiary, according to the Reserve Bank of
India.
The Reserve Bank of
India is planning to launch CPI – indexed bonds aimed to protecting the savings
of retail investors from the impact the price rise by December end.
Central Bureau of
Investigation has booked State Bank of India, Deputy Managing Director Shyamal
Acharya and others in a graft case related to distribution of a loan of over Rs
4000 mn. Gold and jewellery worth Rs 6.7 mn have been recovered from the
residence of Acharya.
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.
LOCATIONS
|
Registered Office/ Head Office/ Corporate Office : |
394, GIDC Makarpura, Vadodara – 390 010, Gujarat, India |
|
Tel. No.: |
91-265-2630555 |
|
Fax No.: |
91-265-2636598 |
|
E-Mail : |
prakash.punjabi@matrixcomsec.com tejaswini.patel@matrixtelesol.com |
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
19-GIDC, Waghodia District, Vadodara – 391 760, Gujarat, India |
|
Tel. No.: |
91-2668-263172/73 |
|
|
|
|
R and D Center : |
190, GIDC, Makarpura, Vadodara - 390 010, |
|
Tel. No.: |
91-265-2630555 |
|
Fax No.: |
91-265-2636598 |
|
|
|
|
Branch Office : |
Located at: ·
·
UAE ·
USA |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Dhirendra Raichand Savla |
|
Designation : |
Whole Time Director |
|
Address : |
301, Rangilapark, Near Nehru Society, Vadodara, |
|
Date of Birth/Age : |
16.09.1964 |
|
Qualification : |
B.E. in Computer Science |
|
Date of Appointment : |
01.08.1998 |
|
DIN No.: |
00384113 |
|
|
|
|
Name : |
Mr. Ganesh Savjibhai Jivani |
|
Designation : |
Whole Time Director |
|
Address : |
2, Narsil, Mayur Vihar, Soc, Manjalpur, Vadodara, |
|
Date of Birth/Age : |
18.07.1964 |
|
Qualification : |
B.E. in Computer Science |
|
Date of Appointment : |
01.05.1998 |
|
DIN No.: |
00384165 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Jivani Ramesh |
|
150 |
|
Savla Dhirendra |
|
16990 |
|
Jivani Ganesh |
|
48650 |
|
Salva Mita |
|
20 |
|
Jivani Savji |
|
150 |
|
Salva Sushila |
|
240 |
|
Jivani Jaya |
|
150 |
|
|
|
|
|
Total |
|
66350 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of EPBX Telecom and Security Products. |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
2010-11 |
|
A. Licenced Capacity |
N.A. |
|
B. Installed Capacity |
Not
Ascertainable |
|
C. Production of EPBX during the year |
89600 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
The Royal Bank of Scotland, N. V. 4, North Avenue, Level 3, Maker Maxity, Bandra Kurla Complex, Bandra East, Mumbai - 400051, Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Manish Shah and Associates Chartered Accountants |
|
Address : |
38/101, Gautam Nagar, Race Course Circle, Vadodara – 390 007, Gujarat,
India |
|
Tel.Fax No.: |
91-265-2359390/ 2337994 |
|
E-Mail : |
|
|
PAN No.: |
ABWPS4295E |
|
|
|
|
Subsidiary Firm : |
·
Matrix Comsec LLC ·
Matrix System |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
66350 |
Equity Shares |
Rs.10/- each |
Rs. 0.663
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
0.663 |
|
(b) Reserves & Surplus |
|
|
431.666 |
|
(c) Money received
against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
|
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
|
432.329 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
|
1.128 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long
term liabilities |
|
|
16.451 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
17.579 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
|
49.760 |
|
(b)
Trade payables |
|
|
52.464 |
|
(c)
Other current liabilities |
|
|
40.639 |
|
(d) Short-term
provisions |
|
|
18.965 |
|
Total Current
Liabilities (4) |
|
|
161.828 |
|
|
|
|
|
|
TOTAL |
|
|
611.736 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
337.353 |
|
(ii)
Intangible Assets |
|
|
0.054 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
0.280 |
|
(c) Deferred tax
assets (net) |
|
|
5.391 |
|
(d) Long-term Loan and Advances |
|
|
14.406 |
|
(e) Other Non-current
assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
357.484 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
163.171 |
|
(c)
Trade receivables |
|
|
65.937 |
|
(d) Cash
and cash equivalents |
|
|
11.458 |
|
(e)
Short-term loans and advances |
|
|
12.319 |
|
(f)
Other current assets |
|
|
1.367 |
|
Total
Current Assets |
|
|
254.252 |
|
|
|
|
|
|
TOTAL |
|
|
611.736 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.663 |
0.663 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
377.977 |
331.596 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
378.640 |
332.259 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
29.342 |
0.000 |
|
|
2] Unsecured Loans |
|
0.830 |
0.830 |
|
|
TOTAL BORROWING |
|
30.172 |
0.830 |
|
|
DEFERRED TAX LIABILITIES |
|
1.675 |
10.512 |
|
|
|
|
|
|
|
|
TOTAL |
|
410.487 |
343.601 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
204.757 |
206.864 |
|
|
Capital work-in-progress |
|
90.643 |
22.691 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.500 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
160.530
|
156.380
|
|
|
Sundry Debtors |
|
33.740
|
42.337
|
|
|
Cash & Bank Balances |
|
6.201
|
9.333
|
|
|
Other Current Assets |
|
1.053
|
0.000
|
|
|
Loans & Advances |
|
29.252
|
22.978
|
|
Total
Current Assets |
|
230.776
|
231.028 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
53.862 |
83.973 |
|
|
Other Current Liabilities |
|
46.653 |
9.352 |
|
|
Provisions |
|
15.674
|
23.657
|
|
Total
Current Liabilities |
|
116.189
|
116.982 |
|
|
Net Current Assets |
|
114.587
|
114.046
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
410.487 |
343.601 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
555.138 |
|
|
|
Other Income |
|
|
3.231 |
|
|
|
TOTAL (A) |
752.225 |
658.469 |
558.369 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
|
|
244.279 |
|
|
|
Manufacturing Expenses |
|
|
48.495 |
|
|
|
Employees Cost and Benefits |
|
|
74.196 |
|
|
|
Selling Expenses |
|
587.422 |
53.506 |
|
|
|
Administrative Expenses |
|
|
12.906 |
|
|
|
R and D Expenses |
|
|
48.893 |
|
|
|
Increase/ Decrease in stock |
|
|
(22.839) |
|
|
|
TOTAL (B) |
653.718 |
587.422 |
459.436 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
98.507 |
71.047 |
98.933 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.493 |
3.996 |
1.122 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
90.014 |
67.051 |
97.811 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
31.599 |
20.115 |
10.543 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
58.415 |
46.936 |
87.268 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
11.793 |
9.391 |
4.135 |
|
|
|
|
|
|
|
|
|
Add |
Deferred tax
Assets/Liabilities |
7.067 |
8.836 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
53.689 |
46.381 |
83.133 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD TO
ADJUSTMENT |
0.000 |
0.000 |
0.003 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
377.422 |
331.041 |
247.911 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
431.111 |
377.422 |
331.041 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
254.040 |
206.291 |
152.564 |
|
|
TOTAL EARNINGS |
254.040 |
206.291 |
152.564 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
285.793 |
209.714 |
161.826 |
|
|
|
Traveling Expenses |
2.038 |
3.185 |
1.606 |
|
|
|
Capital Goods |
0.000 |
12.141 |
1.677 |
|
|
TOTAL IMPORTS |
287.831 |
225.040 |
165.109 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
809.18 |
6990.35 |
1253.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
7.13 |
7.04 |
14.89 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00 |
0.00 |
15.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.63 |
10.78 |
19.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.12 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.11 |
0.08 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.57 |
1.99 |
1.98 |
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 |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Long term
borrowings |
|
|
|
From directors and related parties |
1.128 |
0.830 |
|
|
|
|
|
Total |
1.128 |
0.830 |
REVIEW OF OPERATIONS
The year was extremely challenging. The markets witness unprecedented turbulence in the wake of the global financial meltdown. In such a tough situation the Company has witnessed a marginal rise in turnover. The annual turnover of the Company for the year under report stood at 752.225 millions s as against 658.469 millions recorded during the previous year. Net profit increased from 46.936 millions in the year 201 1-12 to 584.15 fo- the year under consideration. Despite .passionate competition in the market of Information Technology, the Company is confident of maintaining growth by continued focus on quality and innovation in EPABX, GSM, VOIP, Software and Access Control along with efficient management resources.
INDEX OF CHARGES
|
S.No |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10263439 |
23/01/2013 * |
65,000,000.00 |
THE ROYAL BANK OF SCOTLAND N. V. |
4, NORTH AVENUE, LEVEL 3, MAKER MAXITY, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA |
B67667246 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Furniture
·
Building
·
Office Equipments
·
Plant and Machinery
·
Computer
·
Electrical
·
Vehicles
·
R and D Equipment
·
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. 102.53 |
|
Euro |
1 |
Rs. 85.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPH |
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 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
8 |
|
--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 |
|
54 |
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.