1. Summary Information
|
|
|
Country |
|
|
Company Name |
TALEMA
ELECTRONIC ( |
Principal Name 1 |
Mr. John T Park |
|
Status |
Moderate |
Principal Name 2 |
Mr. Patrick M Grady |
|
|
|
Registration # |
18-008537 |
|
Street Address |
No.221, 1st
and 2nd Floor, K J Plaza, |
||
|
Established Date |
21.08.1998 |
SIC Code |
-- |
|
Telephone# |
91-427-2441325 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-427-2430036 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Magnetic Components |
|
|
# of employees |
1000
(Approximately) |
Product Name 2 |
Transformer |
|
Paid up capital |
Rs. 29,436,000/- |
Product Name 3 |
Chokes and Inductors |
|
Shareholders |
Foreign holdings – 100% |
Banking |
Axis Bank |
|
Public Limited Corp. |
No |
Business Period |
16 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ca
(16) |
|
Related
Company |
|||
|
Relation |
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
214,055,000 |
Current Liabilities |
248,196,000 |
|
Inventories |
18,511,000 |
Long-term Liabilities |
1,028,000 |
|
Fixed Assets |
26,730,000 |
Other Liabilities |
36,436,000 |
|
Deferred Assets |
0,000,000 |
Total Liabilities |
285,660,000 |
|
Invest& other Assets |
5,000 |
Retained Earnings |
(55,795,000) |
|
|
|
Net Worth |
(26,359,000) |
|
Total Assets |
259,301,000 |
Total Liab. &
Equity |
259,301,000 |
|
Total Assets (Previous Year) |
237,787,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales (Approximately) |
120,000,000 |
Net Profit / (Loss) |
(16,569,000) |
|
Sales(Previous yr) (Approximately) |
100,000,000 |
Net Profit
/ (Loss) (Prev.yr) |
(2,283,000) |
MIRA
INFORM REPORT
|
Report Date : |
14.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
TALEMA ELECTRONIC INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.221, 1st and 2nd Floor, K J Plaza, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
21.08.1998 |
|
|
|
|
Com. Reg. No.: |
18-008537 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 29.436 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U03210TZ1998PTC008537 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEJ03423A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT8805H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Magnetic Components |
|
|
|
|
No. of Employees
: |
1000 (In office 80 + In factory 920) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (16) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Net worth of the company has been eroded due to continuous accumulated
loss incurred from its operations. However. business is active. Payments are reported to be slow. The company can be considered for business dealings on safe and secure
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 |
|
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 with 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 PARTED BY
|
Name : |
Mr. Suresh |
|
Designation : |
Manager |
|
Contact No.: |
91-427-2441325 |
|
Date : |
11.07.2014 |
LOCATIONS
|
Registered Office : |
No.221, 1st and 2nd Floor, K J Plaza, |
|
Tel. No.: |
91-427-2441325 |
|
Fax No.: |
91-427-2430036 |
|
E-Mail : |
|
|
|
|
|
Factory : |
30 / 31, electronic industrial estate, Salem, Tamilnadu,
India |
|
|
|
|
Extension : |
No.30/1, Mullai Nagar,
Seelanaickanpatty, Salem – 636201, Tamilnadu, India |
DIRECTORS
As on: 27.09.2013
|
Name : |
Narashiman Sekar |
|
Designation : |
Managing Director |
|
Address : |
No. 7, 10th Street, 1st Cross Street, Dr. Subbarayan Nagar, Chennai –
600024, Tamilnadu, India |
|
Date of Birth/Age : |
06.03.1957 |
|
Date of Appointment : |
29.29.12 |
|
DIN No.: |
05295270 |
|
|
|
|
Name : |
Mr. Patrick M Grady |
|
Designation : |
Director |
|
Address : |
Killult, Falcaragh, Letterkenny Co Donegal, Ireland |
|
Date of Birth/Age : |
16.05.1962 |
|
Date of Appointment : |
21.08.1998 |
|
DIN No.: |
02466359 |
|
|
|
|
Name : |
Mr. John T Park |
|
Designation : |
Director |
|
Address : |
650, Holmes Ln Rolla, Mo. 65401, Uinted States of America |
|
Date of Birth/Age : |
03.11.1935 |
|
Date of Appointment : |
21.08.1998 |
|
DIN No.: |
02499812 |
|
|
|
|
Name : |
Mr. Venugopal Govindarajulu |
|
Designation : |
Director |
|
Address : |
Old No.8, New No.17-1, Avvaiyar Street,
Salem-636005, Tamilnadu, India |
|
Date of Birth/Age : |
02.01.1950 |
|
Date of Appointment : |
13.12.2012 |
|
DIN No.: |
03416782 |
|
|
|
|
Name : |
Mr. Selvarajan Natarajapillai |
|
Designation : |
Director |
|
Address : |
254-1, N. K. Nagar, Kuranguchavadi-1,
Salem-636004, Tamilnadu, India |
|
Date of Birth/Age : |
05.05.1969 |
|
Date of Appointment : |
08.07.2014 |
|
DIN No.: |
03272822 |
|
|
|
|
Name : |
Mr. Ganesan Suryanarayanan |
|
Designation : |
Director |
|
Address : |
3/1-A, Thirumal Nagar,
Narasodhipatty, Salem-636004, Tamilnadu,
India |
|
Date of Birth/Age : |
01.10.1972 |
|
Date of Appointment : |
13.12.2012 |
|
DIN No.: |
03576960 |
KEY EXECUTIVES
|
Name : |
Mr. Suresh |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Teoranta Nuvotem |
100 |
0.34 |
|
LLC Group Talema |
29336 |
99.66 |
|
Total |
29,436 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 27.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
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 : |
Manufacturer and Exporter of Magnetic Components |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Exports : |
|
||||||
|
Products : |
Finished Goods |
||||||
|
Countries : |
·
Europe ·
Sri Lanka |
||||||
|
|
|
||||||
|
Imports : |
|
||||||
|
Products : |
Raw Material |
||||||
|
Countries : |
·
Asian Country ·
USA |
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Cash, LC and Credit (30 Days) |
||||||
|
|
|
||||||
|
Purchasing : |
Cash, LC and Credit (30 Days) |
PRODUCTION STATUS (AS ON 31.03.2011)
LICENSED AND INSTALLED CAPACITY:
The Company has been permitted by secretariat
for Industrial Assistance to set up factory at Salem for production and Export
of Toroidal Transformers, Toroidal
Inductors, Toroidal chokes (generally Toroidal Compounds) without reference to quantity under
EHTP Scheme of Government of India. The Production is both machine oriented and
labour oriented. Hence production capacity is
volatile. Up to 31.12.2001 the production was on their own account. From
01.01.2002 the production is exclusively done for M/s Nuvotem
Teo of Irland as per the
permission of Nodal and monitoring agencies and
|
Particulars |
Unit |
Production
Hours |
Own
Production |
|
Toroidal Transformers |
In RIFA Hrs |
128530 |
152007 |
|
Toroidal Inductors and Chokes |
In RIFA Hrs |
671762 |
416764 |
GENERAL INFORMATION
|
Customers : |
Manufacturer, Wholesalers and Retailers |
|
|
|
|
No. of Employees : |
1000 (In office 80 + In factory 920) (Approximately) |
|
|
|
|
Bankers : |
·
Kotak Mahindra Bank, Main Branch, Salem, Tamilnadu, India ·
HDFC Bank Limited, Salem - 636001, Tamilnadu,
India ·
Axis Bank Limited, Salem – 636009, Tamilnadu, India ·
Canara Bank, Alagapuram Branch, Salem, Tamilnadu,
India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J. Srinivasan Chartered Accountant |
|
Address : |
No.25, LIC Colony, Omalur Main Road,
Salem-636004, Tamilnadu, India |
|
PAN No.: |
AJCPS1203Q |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000 |
Equity Shares |
Rs.1000/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29436 |
Equity Shares |
Rs.1000/- each |
Rs. 29.436
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 |
29.436 |
29.436 |
29.436 |
|
(b) Reserves & Surplus |
(55.795) |
(39.227) |
(36.944) |
|
(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) |
(26.359) |
(9.791) |
(7.508) |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
1.028 |
0.000 |
25.403 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
22.289 |
14.705 |
12.235 |
|
Total Non-current
Liabilities (3) |
23.317 |
14.705 |
37.638 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
247.734 |
219.074 |
181.478 |
|
(c)
Other current liabilities |
0.462 |
0.685 |
1.106 |
|
(d) Short-term
provisions |
14.147 |
13.114 |
13.089 |
|
Total Current
Liabilities (4) |
262.343 |
232.873 |
195.673 |
|
|
|
|
|
|
TOTAL |
259.301 |
237.787 |
225.803 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
26.730 |
29.522 |
30.006 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.005 |
0.005 |
0.005 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
6.187 |
8.536 |
10.781 |
|
Total Non-Current
Assets |
32.922 |
38.063 |
40.792 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
18.511 |
18.994 |
20.777 |
|
(c)
Trade receivables |
192.901 |
171.427 |
148.835 |
|
(d) Cash
and cash equivalents |
6.927 |
2.543 |
7.449 |
|
(e) Short-term
loans and advances |
4.563 |
3.838 |
4.038 |
|
(f)
Other current assets |
3.477 |
2.922 |
3.912 |
|
Total
Current Assets |
226.379 |
199.724 |
185.011 |
|
|
|
|
|
|
TOTAL |
259.301 |
237.787 |
225.803 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
186.757 |
|
|
|
Other Income |
|
|
0.751 |
|
|
|
TOTAL (A) |
NA |
NA |
187.508 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
185.017 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(10.541) |
NA |
2.491 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.130 |
NA |
0.344 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(10.671) |
4.625 |
2.147 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
5.898 |
6.664 |
6.772 |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
BEFORE TAX (E-F)
(G) |
(16.569) |
(2.039) |
(4.625) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.244 |
(1.884) |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
AFTER TAX (G-H) (I) |
(16.569) |
(2.283) |
(2.741) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(40.509) |
(38.226) |
(35.485) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(57.078) |
(40.509) |
(38.226) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
16.777 |
55.333 |
69.081 |
|
|
TOTAL EARNINGS |
16.777 |
55.333 |
69.081 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
34.633 |
73.068 |
98.862 |
|
|
|
Stores & Spares |
1.215 |
2.026 |
4.028 |
|
|
|
Capital Goods |
NIL |
0.928 |
1.729 |
|
|
TOTAL IMPORTS |
35.848 |
76.022 |
104.619 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(562.88) |
(77.56) |
(93.12) |
|
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Sales Turnover (Approximately) |
110.000 |
120.000 |
100.000 |
The above information has been parted by Mr. Suresh (Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
PAT / Total Income |
(%) |
NA |
NA |
(0.01) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.39) |
(0.86) |
(2.05) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.63 |
0.21 |
0.62 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth)
|
|
(0.04) |
0.00 |
(3.38) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.86 |
0.86 |
0.95 |
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 |
29.436 |
29.436 |
29.436 |
|
Reserves & Surplus |
(36.944) |
(39.227) |
(55.795) |
|
Net worth |
(7.508) |
(9.791) |
(26.359) |
|
|
|
|
|
|
long-term borrowings |
25.403 |
0.000 |
1.028 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
25.403 |
0.000 |
1.028 |
|
Debt/Equity ratio |
(3.383) |
0.000 |
(0.039) |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last four years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
|
(Rs. In Millions) |
|
|
LONG TERM
BORROWINGS: |
|
|
|
Kotak Mahindra Prime
Limited |
1.028 |
0.000 |
|
|
|
|
|
Total |
1.028 |
0.000 |
INDEX OF CHARGES:
NO CHARGES EXIST FOR COMPANY
FIXED ASSETS:
·
Leasehold Land and
Building
·
Plant and Machinery
·
Office Equipments
·
Vehicles
·
Furniture
·
Furniture and Fittings
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 judgment 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 records 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] 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.60.00 |
|
|
1 |
Rs.102.72 |
|
Euro |
1 |
Rs.81.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JAY |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
16 |
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.