MIRA
INFORM REPORT
|
Report Date : |
07.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROOP TELSONIC ULTRASONIX LIMITED |
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Registered
Office : |
A/41 Nandkishore Industrial
Estate, Off. |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
29.03.1982 |
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Com. Reg. No.: |
11-026800 |
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Capital
Investment / Paid-up Capital : |
Rs.34.833 Millions |
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CIN No.: [Company Identification
No.] |
U33120MH1982PLC026800 |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Design, development, manufacturing and marketing of a wide range of Ultrasonic,
electronics and related fields machineries.
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 840000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There seems some dip in the turnover and profit of the company during
2013. However, net worth of the company is satisfactory. General financial position
of the company is normal and acceptable for business dealings. Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but 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.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7
%in 2013/14, marking a second straight year of sub-5 % growth – the worst slowdown
in more than a quarter of a century. The data was below an official estimate of
4.9 % annual growth and compared with 4.5 % in the last fiscal year. However,
the current account deficit narrowed sharply to $ 32.4 billion at 1.7 % of
gross domestic product, in 2013/14 from a record high of $ 98.8 billion or 4.7
%, the year before.A sharp fall in gold imports due
to restrictions on overseas purchases and muted import of capital goods helped
shrink the current account deficit.
Online retailer Flipkart has acquired fashion portal Myntra
as it prepares to battle with the rapidly expanding India arm of the global
e-commerce giant Amazon. The company raised $ 210 million from Russian
Investment firm DST Global which has also invested in companies like Facebook, Twitter and Alibaba
Group.
General Motors will
start exporting vehicles from its Talegaon plant near
Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken
Apple as the world’s top brand in terms of value, according to global market
research agency Millward Brown. Google’s brand value
shot up 40 % in a year to $ 158.84 billion. The top 10 of the 100 slots were
dominated by US companies.
Infosys lost another heavy weight when B G Srinivas, a board member put in his papers. He is the third
CEO-hopeful to quit after Chairman N R Narayana
Murthy’s return to the company – Ashok Vemuri and V Balakrishnan being
the other two.While Vemuri
went on to lead IGate, Balakrishnan
joined politics.
Naresh Goyal – promoted
Jet Airways posted biggest quarterly loss – Rs
2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney –
Chairman and CEO of Amway India was arrested by the Andhra Pradesh Police in
connection with a complaint against the direct selling firm. This is the second
time that he has been taken into custody. A year, ago the Kerala
Police had arrested Pinckney and two company directors on charges of financial
irregularities.
China has told its
state-owned enterprises to sever links with American consulting firms after the
United States charged five Chinese military officers wih
hacking US companies. China’s action which targets consultancies like McKinsey
& Co. and the Boston Consulting Group, sterns from fears that the first are
providing trade secrets to the US governments.
India has emerged as
a country with some of the highest unregistered businesses in the world.
Indonesia has the maximum number of shadow businesses, says a study of 68
countries by Imperial College Business School in London.
Pfizer has abandoned
its attempt to buy AstraZeneca for nearly $ 118
billion after the latter refused an offer of 55 pounds a share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
15.11.2013 |
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 DENIED
Management Non-Cooperative (Tel No.: 91-22-42111500)
LOCATIONS
|
Registered Office : |
A/41 Nandkishore Industrial
Estate, Off. Mahakali Caves Road Andheri (East), Mumbai – 400093, Maharashtra,
India |
|
Tel. No.: |
91-22-38360994 / 28361034 / 26870990 / 26871034 |
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Mobile No.: |
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Fax No.: |
91-22-28360693 / 26870004 |
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E-Mail : |
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Website : |
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Corporate Office : |
8C, 32 Corporate Avennue, Mahal Industrial Estate, Off Mahakali
Caves Road, Andheri (East), Mumbai – 400093, Maharashtra, India |
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Tel. No.: |
91-22-42111500 / 26870990 / 26871034 |
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Fax No.: |
91-22-42111500 |
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E-Mail : |
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Factory 1 : |
E - 133, 136, G.I.D.C., Electronic Zone, Sector - 26, Gandhinagar - 382044 Gujarat, India |
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Tel. No.: |
91-79-23287452 / 23287454 |
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Fax No.: |
91-79-23287455 |
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E-Mail : |
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Factory 2 : |
A/56, Nandkishore Industrial
Estate, Off. Mahakali Caves Road Andheri (East), Mumbai – 400093, Maharashtra,
India |
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Tel. No.: |
91-22-26870990 |
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Branches / Representative Offices : |
·
Delhi ·
Tamilnadu ·
Gujarat ·
Pune |
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Service Centre : |
·
Gujarat ·
Tamilnadu ·
Karnataka ·
Andhra Pradesh ·
West Bengal ·
Maharashtra ·
Madhya Pradesh ·
Chandigarh |
DIRECTORS
As on 12.09.2013
|
Name : |
Mr. Anant Suryakant
Trivedi |
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Designation : |
Director |
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Address : |
101 Magnum Opus,
Juhu Versova Link Road,
Seven Bunglows, Andheri
West, Mumbai - 400061, Maharashtra, India |
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Date of Birth/Age : |
19.06.1952 |
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Date of Appointment : |
29.03.1982 |
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DIN No.: |
00575030 |
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Other Directorship:
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Name : |
Mrs. Ruparani Anant
Trivedi |
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Designation : |
Whole Time Director |
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Address : |
101 Magnum Opus,
Juhu Versova Link Road,
Seven Bunglows, Andheri
West, Mumbai - 400061, Maharashtra, India |
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Date of Birth/Age : |
18.11.1960 |
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Date of Appointment : |
01.07.1987 |
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DIN No.: |
00370081 |
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Other Directorship:
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Name : |
Mr. Rajagopalan P. Kodur
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Designation : |
Director |
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Address : |
Flat No. 14, Citadel, Sector 14, Vashi, Navi Mumbai - 400703, Maharashtra,
India |
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Date of Birth/Age : |
15.01.1952 |
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Date of Appointment : |
09.10.2006 |
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DIN No.: |
00592972 |
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Name : |
Mr. Axel Vietez |
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Designation : |
Director |
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Address : |
Oberfeldstrasse 20 , Frauenfeld |
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Date of Birth/Age : |
18.01.1970 |
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Date of Appointment : |
05.10.2012 |
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DIN No.: |
03325635 |
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Other Directorship:
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MAJOR SHAREHOLDERS
As on 12.09.2013
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 12.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial
institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others |
40.00 |
|
Directors or relatives of Directors |
40.00 |
|
Other top fifty shareholders |
20.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Design, development, manufacturing and marketing of a wide range of
Ultrasonic, electronics and related fields machineries. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
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Bankers : |
Central Bank of India, Santacruz
West Branch, Santacruz West, Mumbai - 400054, Maharashtra, India |
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Facilities : |
Long Term Borrowings 1. Term loans from
Financial Institutions I Banks
are secured by (a) Mortgage of company's immovable properties
specified in the relevant loan agreements. (b) Hypothecation of companies movable properties
specified present and future, save & except book debts of the
concerned projects. (c) Personal
guarantees of Directors. 2.
Vehicle loans are secured against specified assets.
Short Term Borrowings Cash Credit Working
capital demand Loan from Central Bank of India is secured by hypothecation of stocks of raw materials,
semi-finished goods, finished goods, consumable
stores and book debts of the company. bath, present and future, as well as by the mortgage of the specific immovable Properties and
movable assets of the company and personal guarantees of Directors, |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Parikh and Parikh Chartered Accountants |
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Address : |
42 Dahanukar Building, 480 Kalbadevi Road, Mumbai – 400002, Maharahstra,
India |
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PAN No.: |
AAEPP0670K |
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Subsidiary Company : |
·
Telsonic Ultrasonix (Thailand) Company Limited ·
Telsonic SDN BHD. |
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Associated Company : |
·
Telsonic AG. |
CAPITAL STRUCTURE
As on 12.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3483262 |
Equity Shares |
Rs.10/- each |
Rs.34.833 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 |
34.833 |
34.833 |
34.833 |
|
(b) Reserves & Surplus |
174.060 |
159.698 |
136.712 |
|
(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) |
208.893 |
194.531 |
171.545 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
78.291 |
50.084 |
24.169 |
|
(b) Deferred tax liabilities (Net) |
4.544 |
6.771 |
7.476 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
16.396 |
15.580 |
17.478 |
|
Total Non-current Liabilities (3) |
99.231 |
72.435 |
49.123 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
75.195 |
46.286 |
44.216 |
|
(b) Trade payables |
63.538 |
54.548 |
44.236 |
|
(c) Other current
liabilities |
49.062 |
37.990 |
21.705 |
|
(d) Short-term provisions |
6.113 |
8.097 |
7.287 |
|
Total Current Liabilities (4) |
193.908 |
146.921 |
117.444 |
|
|
|
|
|
|
TOTAL |
502.032 |
413.887 |
338.112 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
171.674 |
98.322 |
70.143 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
20.521 |
17.224 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.928 |
3.588 |
3.659 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
20.611 |
23.502 |
20.024 |
|
(e) Other Non-current assets |
0.883 |
3.203 |
0.570 |
|
Total Non-Current Assets |
196.096 |
149.136 |
111.620 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
140.630 |
79.400 |
45.672 |
|
(c) Trade receivables |
150.827 |
156.356 |
130.496 |
|
(d) Cash and cash
equivalents |
6.383 |
23.166 |
20.660 |
|
(e) Short-term loans and
advances |
9.096 |
5.829 |
29.674 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
306.936 |
264.751 |
226.502 |
|
|
|
|
|
|
TOTAL |
503.032 |
413.887 |
338.122 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
263.432 |
342.408 |
239.520 |
|
|
|
|
Other Income |
8.060 |
5.295 |
2.704 |
|
|
|
|
TOTAL (A) |
271.492 |
347.703 |
242.224 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
110.197 |
172.226 |
119.618 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(37.976) |
(2.316) |
(13.890) |
|
|
|
|
Employee Benefits Expenses |
69.381 |
57.831 |
45.976 |
|
|
|
|
Other Expenses |
77.509 |
58.983 |
40.707 |
|
|
|
|
TOTAL |
219.111 |
286.724 |
192.411 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
52.381 |
60.979 |
49.813 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
15.805 |
9.089 |
5.255 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
36.576 |
51.890 |
44.558 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
9.782 |
4.975 |
4.348 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) |
26.794 |
46.915 |
40.210 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
5.320 |
15.832 |
16.663 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
21.474 |
31.083 |
23.547 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
100.951 |
82.965 |
70.205 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
3.010 |
5.000 |
3.500 |
|
|
|
|
Dividend |
5.224 |
6.697 |
6.270 |
|
|
|
|
Tax on Dividend |
0.887 |
1.130 |
1.017 |
|
|
|
BALANCE CARRIED
TO THE B/S |
113.303 |
100.951 |
82.965 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
104.408 |
119.736 |
NA |
|
|
|
TOTAL EARNINGS |
104.408 |
119.736 |
NA |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
36.853 |
45.177 |
NA |
|
|
|
TOTAL IMPORTS |
36.853 |
45.177 |
NA |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
6.91 |
8.92 |
6.76 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
7.91 |
8.94 |
9.72 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.17 |
13.70 |
16.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.36 |
12.04 |
12.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.24 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.73 |
0.50 |
0.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.58 |
1.80 |
1.93 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs. In
Millions |
Rs. In
Millions |
Rs. In
Millions |
|
Share Capital |
34.833 |
34.833 |
34.833 |
|
Reserves & Surplus |
136.712 |
159.698 |
174.060 |
|
Net
worth |
171.545 |
194.531 |
208.893 |
|
|
|
|
|
|
long-term borrowings |
24.169 |
50.084 |
78.291 |
|
Short term borrowings |
44.216 |
46.286 |
75.195 |
|
Total
borrowings |
68.385 |
96.370 |
153.486 |
|
Debt/Equity
ratio |
0.399 |
0.495 |
0.735 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs. In
Millions |
Rs. In
Millions |
Rs. In
Millions |
|
Sales |
239.520 |
342.408 |
263.432 |
|
|
|
42.956 |
(23.065) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs. In
Millions |
Rs. In
Millions |
Rs. In
Millions |
|
Sales
|
239.520 |
342.408 |
263.432 |
|
Profit |
23.547 |
31.083 |
21.474 |
|
|
9.83% |
9.08% |
8.15% |
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 |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs.
In Millions |
31.03.2012 Rs.
In Millions |
|
Long Term Borrowings |
|
|
|
From Related Parties |
5.063 |
5.695 |
|
From others |
20.918 |
12.454 |
|
Short Term Borrowings |
|
|
|
From Related Parties |
1.836 |
3.323 |
|
From Others |
0.962 |
0.000 |
|
Total |
28.779 |
21.472 |
RESULTS OF OPERATIONS:
Total revenue
decreased from Rs.347.704
Millions to Rs.271.492 Millions i.e. decrease of 21.92%.
The profit after
tax decreased from Rs.31.083 Millions to Rs.21.475 Millions i.e. decrease of
30.91 %.
Current year's
performance of the Company was on the lower side than that of last year, due to
the impact of general economic recession which has adversely affected the
performance of all companies globally.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10273849 |
05/03/2011 |
40,000,000.00 |
Central Bank Of India |
Santacruz West Branch, Santacruze(West), Mumbai, Maharashtra - 400054, India |
B08255853 |
|
2 |
10240277 |
27/09/2010 |
21,100,000.00 |
Small Industries Development Bank Of India |
11-13, Atlanta, 209, V. K. Shah Marg, Nariman Point, Mumbai, Maharashtra - 400021, India |
A95043964 |
|
3 |
90187042 |
28/02/2013 * |
150,000,000.00 |
Central Bank Of India |
Santacruz West Branch, Santacruze(West), Mumbai, Maharashtra - 400054, India |
B70352521 |
|
4 |
90186715 |
18/10/2002 * |
8,000,000.00 |
Central Bank Of India |
Santacruz West Branch, Santacruze(West), Mumbai, Maharashtra - 400054, India |
- |
|
5 |
90189160 |
08/10/1999 |
8,000,000.00 |
Central Bank Of India |
Santacruz West Branch, Santacruze(West), Mumbai, Maharashtra - 400054, India |
- |
|
6 |
90189149 |
18/10/2002 * |
47,800,000.00 |
Central Bank Of India |
Santacruz West Branch, Santacruze(West), Mumbai, Maharashtra - 400054, India |
- |
|
7 |
90238321 |
12/01/2001 * |
47,800,000.00 |
Central Bank Of India |
Santacruz West Branch, Santacruze(West), Mumbai, Maharashtra - 400054, India |
- |
|
8 |
90184080 |
20/10/1997 |
38,800,000.00 |
Central Bank Of India |
Santacruz West Branch, Santacruze(West), Mumbai, Maharashtra - 400054, India |
- |
|
9 |
90185852 |
29/07/1992 |
300,000.00 |
Central Bank Of India |
Santacruz West Branch, Santacruze(West), Mumbai, Maharashtra - 400054, India |
- |
|
10 |
90185841 |
15/07/1992 |
1,700,000.00 |
Central Bank Of India |
Santacruz West Branch, Santacruze(West), Mumbai, Maharashtra - 400054, India |
- |
|
11 |
90187529 |
21/01/1991 |
1,650,000.00 |
Central Bank Of India |
Santacruz West Branch, Santacruze(West), Mumbai, Maharashtra - 400054, India |
- |
|
12 |
90185443 |
20/03/1989 |
300,000.00 |
Central Bank Of India |
Santacruz West Branch, Santacruze(West), Mumbai, Maharashtra - 400054, India |
- |
|
13 |
90185359 |
23/11/1989 * |
1,953,000.00 |
Gujarat State Financial Corp. |
Jaldarshan Building, Ashram Road, Ahmedabad, Gujarat - 380009, India |
- |
|
14 |
90185348 |
30/07/1988 |
18,000.00 |
Central Bank Of India |
Santacruz West Branch, Santacruze(West), Mumbai, Maharashtra - 400054, India |
- |
|
15 |
90185139 |
18/10/1986 |
100,000.00 |
Central Bank Of India |
Santacruz West Branch, Santacruze(West), Mumbai, Maharashtra - 400054, India |
- |
|
16 |
90184939 |
20/03/1989 * |
200,000.00 |
Central Bank Of India |
Santacruz West Branch, Santacruze(West), Mumbai, Maharashtra - 400054, India |
- |
|
17 |
90184801 |
07/09/1983 |
691,000.00 |
Central Bank Of India |
Santacruz West Branch, Santacruze(West), Mumbai, Maharashtra - 400054, India |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.59.79 |
|
|
1 |
Rs.102.66 |
|
Euro |
1 |
Rs.81.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
43 |
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.