1. Summary Information
|
|
|
Country |
|
|
Company Name |
LS CABLE INDIA PRIVATE LIMITED |
Principal Name 1 |
Yeon Soo Kim |
|
Status |
Moderate |
Principal Name 2 |
Roe Hyun Myung |
|
|
|
Registration # |
55-168806 |
|
Street Address |
12th Floor, IFCI Tower, Nehru Place, New Delhi - 110019 |
||
|
Established Date |
28.09.2007 |
SIC Code |
-- |
|
Telephone# |
91-11-49191111 |
Business Style 1 |
Manufacturing |
|
Fax # |
91-11-49191100 |
Business Style 2 |
Trading |
|
Homepage |
Product Name 1 |
Electrical Power Systems |
|
|
# of employees |
Not Divulged |
Product Name 2 |
Telecommunication |
|
Paid up capital |
Rs. 1691,055,000/- |
Product Name 3 |
Electronic Components |
|
Shareholders |
Foreign holdings – 100 % |
Banking |
Shinhan Bank |
|
Public Limited Corp. |
No |
Business Period |
7 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (31) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
Korea |
LS Cable and System Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,758,219,000 |
Current Liabilities |
1,165,002,000 |
|
Inventories |
538,946,000 |
Long-term Liabilities |
3,685,129,000 |
|
Fixed Assets |
2,690,664,000 |
Other Liabilities |
11,243,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
4,861,374,000 |
|
Invest& other Assets |
3,093,000 |
Retained Earnings |
(1,561,507,000) |
|
|
|
Net Worth |
129,548,000 |
|
Total Assets |
4,990,922,000 |
Total Liab. & Equity |
4,990,922,000 |
|
Total Assets (Previous Year) |
3,674,736,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
2,530,500,000 |
Net Profit |
(559,795,000) |
|
Sales(Previous yr) |
1,116,100,000 |
Net Profit(Prev.yr) |
(466,624,000) |
MIRA
INFORM REPORT
|
Report Date : |
08.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
LS CABLE INDIA PRIVATE LIMITED (w.e.f.26.08.2008) |
|
|
|
|
Formerly Known
As : |
LEADING SOLUTION CABLE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12th Floor, IFCI Tower, Nehru Place, New Delhi - 110019 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
28.09.2007 |
|
|
|
|
Com. Reg. No.: |
55-168806 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1691.055
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64200DL2007PTC168806 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELL03680F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCL3621Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Electrical
Power Systems, Telecommunication, Electronic Components and Materials and
Industrial Machinery |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 518000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “LS Cable and System Limited”. It is an
established company having moderate track record. Management has reported an accumulated loss during 2013. Further,
there are huge external borrowings reported in the books which may act as a
threat to the liquidity. The ratings also take into consideration the infusion of funds as
capital from the part of promoters. Trade relation seems to be fair. Business is active. Payment terms are
reported as slow but correct. In view of strong financial, managerial and technical support from its
holding company, the subject can be considered for business dealings with
some caution. |
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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
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 DECLINED BY
|
Name : |
Mr. Praveen Jain |
|
Designation : |
Finance Head |
|
Contact No.: |
91-1284-264267 |
|
Date : |
21.03.2014 |
LOCATIONS
|
Registered Office : |
12th Floor, |
|
Tel. No.: |
91-11-49191111 |
|
Fax No.: |
91-11-49191100 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No.28-31, Sector 5, Phase - 2, GC Bawal, Rewari -123501, Haryana,
India |
|
Tel. No.: |
91-1284-264267/ 277/ 297 |
|
Fax No.: |
91-1284-264364 |
|
|
|
|
Sales Office : |
101, 1st Floor, Park Centre, Sector-30, Gurgaon – 122002
Haryana, India |
|
|
|
|
Branch Office : |
209, Level-2, Dynasty "A" Wing, Andheri-Kurla Road, Mumbai –
400069, Maharashtra, India |
|
Tel No.: |
91-22-40309525 |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Yeon Soo Kim |
|
Designation : |
Director |
|
Address : |
Dong Jak Sant Evill, 103-701 # 719, Tongjak – Ku, |
|
Date of Birth/Age : |
19.04.1960 |
|
Date of Appointment : |
28.09.2007 |
|
DIN No.: |
01684358 |
|
|
|
|
Name : |
Roe Hyun Myung |
|
Designation : |
Additional director |
|
Address : |
939-1, Kansuk Lemian XI Apartment, 122-2001, Kansuk-Dong, |
|
Date of Birth/Age : |
30.07.1961 |
|
Date of Appointment : |
10.11.2009 |
|
DIN No.: |
02763847 |
|
|
|
|
Name : |
Ding Chun Myung |
|
Designation : |
Additional director |
|
Date of Birth/Age : |
18.02.1970 |
|
Date of Appointment : |
01.07.2013 |
|
DIN No.: |
06631631 |
|
|
|
|
Name : |
Moon Yeol Jun |
|
Designation : |
Additional director |
|
Date of Birth/Age : |
02.11.1957 |
|
Date of Appointment : |
12.09.2013 |
|
DIN No.: |
06695850 |
KEY EXECUTIVES
|
Name : |
Ms. Deepti Verma |
|
Designation : |
Secretary |
|
Address : |
I - 202, Parsvanth Gardenia, Sector – 61, Noida – 201307, Uttar
Pradesh, India |
|
Date of Birth/Age : |
28.02.1978 |
|
Date of Appointment : |
01.02.2008 |
|
PAN No.: |
AEWPG4028A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
LS Cable Limited, |
|
169105499 |
|
JS Cable Company Limited, |
|
1 |
|
|
|
|
|
Total |
|
169105500 |
AS ON 05.03.2014
|
Names of Allottee |
|
No. of Shares |
|
LS Cable and System Limited, Korea |
|
211596000 |
|
|
|
|
|
Total |
|
211596000 |
AS ON 28.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Electrical
Power Systems, Telecommunication, Electronic Components and Materials and
Industrial Machinery |
||||
|
|
|
||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
· Shinhan Bank Shinhan Bank, Ring Road, New Delhi, Delhi - 110049, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
181, Vasant Enclave, New Delhi – 110057, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFD2095B |
|
|
|
|
Holding company : |
LS Cable and System Limited |
|
|
|
|
Fellow Subsidiary
company : |
· J S Cable Company Limited LS Industrial System Company Limited |
CAPITAL STRUCTURE
AFTER 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
381,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 3810.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
380,701,500 |
Equity Shares |
Rs. 10/- each |
Rs. 3807.015
Millions |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
170,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1700.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
169,105,500 |
Equity Shares |
Rs. 10/- each |
Rs. 1691.055
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1691.055 |
1196.955 |
|
(b) Reserves & Surplus |
|
(1561.507) |
(1001.712) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
494.100 |
|
Total
Shareholders’ Funds (1) + (2) |
|
129.548 |
689.343 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1285.791 |
1258.322 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
17.648 |
|
(d) long-term provisions |
|
7.906 |
6.795 |
|
Total Non-current Liabilities (3) |
|
1293.697 |
1282.765 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
2399.338 |
1319.995 |
|
(b) Trade payables |
|
1024.013 |
164.264 |
|
(c) Other current
liabilities |
|
140.989 |
215.264 |
|
(d) Short-term provisions |
|
3.337 |
3.105 |
|
Total Current Liabilities (4) |
|
3567.677 |
1702.628 |
|
|
|
|
|
|
TOTAL |
|
4990.922 |
3674.736 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2654.804 |
1019.006 |
|
(ii) Intangible Assets |
|
35.860 |
43.839 |
|
(iii) Capital
work-in-progress |
|
3.093 |
1548.263 |
|
(iv) Intangible
assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
19.830 |
78.439 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
2713.587 |
2689.547 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
538.946 |
272.471 |
|
(c) Trade receivables |
|
741.398 |
270.810 |
|
(d) Cash and cash
equivalents |
|
245.168 |
108.874 |
|
(e) Short-term loans and
advances |
|
370.407 |
265.576 |
|
(f) Other current assets |
|
381.416 |
67.458 |
|
Total Current Assets |
|
2277.335 |
985.189 |
|
|
|
|
|
|
TOTAL |
|
4990.922 |
3674.736 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
930.495 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(535.089) |
|
|
NETWORTH |
|
|
395.406 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
136.009 |
|
|
2] Unsecured Loans |
|
|
1545.498 |
|
|
TOTAL BORROWING |
|
|
1681.507 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2076.913 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1033.600 |
|
|
Capital work-in-progress |
|
|
310.240 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
333.661
|
|
|
Sundry Debtors |
|
|
122.063
|
|
|
Cash & Bank Balances |
|
|
341.284
|
|
|
Other Current Assets |
|
|
0.800
|
|
|
Loans & Advances |
|
|
154.450
|
|
Total
Current Assets |
|
|
952.258
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
150.552
|
|
|
Other Current Liabilities |
|
|
64.711
|
|
|
Provisions |
|
|
3.922
|
|
Total
Current Liabilities |
|
|
219.185
|
|
|
Net Current Assets |
|
|
733.073
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2076.913 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2530.500 |
1116.100 |
394.782 |
|
|
|
Other Income |
10.600 |
5.200 |
70.108 |
|
|
|
TOTAL (A) |
2541.100 |
1121.300 |
464.890 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
|
561.514 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(Including
Financial and Depreciation Expenses) |
(Including
Financial and Depreciation Expenses) |
(96.624) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
73.073 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
|
|
(169.697) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
57.185 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX (E-F) (G) |
NA |
NA |
(226.882) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(559.795) |
(466.624) |
(226.882) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1001.711) |
(535.087) |
(308.205) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(1561.506) |
(1001.711) |
(535.087) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Interest Income |
|
|
0.117 |
|
|
|
Export |
|
|
52.300 |
|
|
TOTAL EARNINGS |
223.624 |
500.304 |
52.417 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
TOTAL IMPORTS |
NA
|
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
(3.31) |
(3.90) |
(2.44) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(22.03)
|
(41.61)
|
(48.80)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
28.45
|
3.74 |
4.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.64
|
0.58 |
4.34 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
1196.955 |
1691.055 |
|
Reserves & Surplus |
(1001.712) |
(1561.507) |
|
Share Application money pending allotment |
494.100 |
0.000 |
|
Net
worth |
689.343 |
129.548 |
|
|
|
|
|
long-term borrowings |
1258.322 |
1285.791 |
|
Short term borrowings |
1319.995 |
2399.338 |
|
Total
borrowings |
2578.317 |
3685.129 |
|
Debt/Equity ratio |
13.206 |
5.909 |
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 |
394.782 |
1116.100 |
2530.500 |
|
|
|
182.713 |
126.727 |
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 |
394.782 |
1116.100 |
2530.500 |
|
Profit/ (Loss) |
(226.882) |
(466.624) |
(559.795) |
|
|
(57.47%) |
(41.81%) |
(22.12%) |
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10376307 |
12/04/2014 * |
726,717,500.00 |
SHINHAN BANK |
SHINHAN BANK, RING ROAD, NEW DELHI, DELHI - 110049, INDIA |
C02300127 |
|
2 |
10376302 |
11/04/2014 * |
726,717,500.00 |
SHINHAN BANK |
SHINHAN BANK, RING ROAD, NEW DELHI, DELHI - 110049, INDIA |
C02299501 |
|
3 |
10272603 |
07/09/2011 * |
510,800,000.00 |
SHINHAN BANK |
MERCANTILE HOUSE, UPPER GROUND FLOOR, 15, KASTURBA GANDHI MARG, NEW DELHI, DELHI - 110001, INDIA |
B21070271 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Term
Loans from Banks |
1123.776 |
0.000 |
|
Loans repayable on demand from others |
0.000 |
1119.811 |
|
Other loans and advances |
162.015 |
138.511 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand from banks |
0.000 |
890.777 |
|
Other loans and advances |
305.456 |
429.218 |
|
Term loans from Banks |
1293.882 |
0.000 |
|
|
|
|
|
Total |
2885.129 |
2578.317 |
FIXED ASSETS:
· Land
Buildings
Plant
and equipment
Furniture
and fixtures
Vehicles
Office
equipment
Computer
equipments
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. 59.95 |
|
|
1 |
Rs. 102.78 |
|
Euro |
1 |
Rs. 81.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.