1. Summary Information
|
|
|
Country |
|
|
Company Name |
AG AEROVISION
ELECTRONICS PRIVATE LIMITED |
Principal Name 1 |
Mr. Amarjit Singh |
|
Status |
Moderate |
Principal Name 2 |
Mr. Rajender Singh |
|
|
|
Registration # |
55-122951 |
|
Street Address |
B-4/ 35,
Safdarjung Enclave, |
||
|
Established Date |
05.11.2003 |
SIC Code |
-- |
|
Telephone# |
91-11-45006900 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-11-45082370 |
Business Style 2 |
IMPORTER |
|
Homepage |
-- |
Product Name 1 |
AIR CONDITIONERS |
|
# of employees |
Not Divulged |
Product Name 2 |
COLOUR TELEVISION |
|
Paid up capital |
Rs.58,040,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate - 7.48% Directors or relatives of
directors – 92.52% |
Banking |
Punjab and Sind
Bank |
|
Public Limited Corp. |
No |
Business Period |
11 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ca
(12) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
ASSOCIATES/
SUBSIDIARIES |
|
INTEC APPLIANCES PRIVATE LIMITED |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
442,887,000 |
Current Liabilities |
170,166,000 |
|
Inventories |
266,738,000 |
Long-term Liabilities |
786,673,000
|
|
Fixed Assets |
428,311,000 |
Other Liabilities |
4,240,000 |
|
Deferred Assets |
0.000 |
Total Liabilities |
961,079,000 |
|
Invest& other Assets |
7,015,000 |
Retained Earnings |
104,570,000 |
|
|
|
Net Worth |
183,872,000 |
|
Total Assets |
1,144,951,000 |
Total Liab. & Equity |
1,144,951,000 |
|
Total Assets (Previous Year) |
825,188,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Total Income |
1,962,988,000 |
Net Profit |
3,162,000 |
|
Total Income(Previous yr) |
1,454,488,000 |
Net Profit(Prev.yr) |
20,940,000 |
MIRA
INFORM REPORT
|
Report Date : |
14.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
AG AEROVISION ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-4/ 35, Safdarjung Enclave, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
05.11.2003 |
|
|
|
|
Com. Reg. No.: |
55-122951 |
|
|
|
|
Capital Investment/
Paid-up Capital: |
Rs.58.040 Millions (As on 30.09.2011) |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51395DL2003PTC122951 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA12555E/ DELA14311D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA4491N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Importer of Air Conditioners and Color Television
etc. |
|
|
|
|
No. of
Employees: |
Management Non Cooperative |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
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 : |
Unknown |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a part of “Intec Group of Companies”. It is an established
company having moderate track. Management has failed to filed the financials after FYE 2011, with the
government department as well as was non-cooperative to part any information. As per available, the company used to passes a reasonable business and
financial profile. However, indirect sources state that the subject has lost one of its
reputed and important client, SAMSUNG in 2009 which may have an impact on its
business profile. Moreover , the company has further started catering to the needs of
the clients such as Voltas and Automobile Ancillaries like Borg Warner etc. Business is active and any business connections with the subject is the
matter of your confidence. Payment terms are unknown. In view of unavailability of any financial information, the subject
can be considered for business dealings on safe and secured 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 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 |
ICRA |
|
Rating |
D (Long Term Ratings) |
|
Rating Explanation |
Ratings are in default or are expected to be in default soon |
|
Date |
April 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
D (Short Term Ratings) |
|
Rating Explanation |
Ratings are in deafault or expected to be in default on maturity |
|
Date |
April 2012 |
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 BY
MANAGEMENT NON-COOPRATIVE
Tel No. 91-11-45006900
LOCATIONS
|
Registered Office : |
B-4/ 35, Safdarjung Enclave, |
|
Tel. No.: |
91-11-45006900 |
|
Fax No.: |
91-11-45082370 |
|
E-Mail : |
|
|
Area : |
1200 sq ft |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
63/12-A, |
|
Tel. No.: |
91-11-45006900 |
|
Fax No.: |
91-11-45082370 |
|
|
|
|
Administrative Office : |
B-257, Naraina Industrial Area, Phase – I, |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
|
|
Area : |
3 Acres |
|
|
|
|
Factory 2 : |
Plot No.K-3, Phase 2, |
|
Tel. No.: |
91-44-27168103 |
|
Area : |
8 Acres |
|
Location : |
Owned |
DIRECTORS
As on: 30.09.2011
|
Name : |
Mr. Amarjit Singh |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
34/37, Old Rajinder Nagar, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
05.11.2003 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No : |
01244897 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorships :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rajender Singh |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
PN -87 Shyam Nagar Extension, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
05.11.2003 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No: |
02558273 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorships :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Raja N |
|
Designation : |
Purchase Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Amarjit Singh |
2696625 |
|
Gunita Singh |
2563300 |
|
Intec Electricals Private Limited, |
129167 |
|
Intec Appliances Private Limited, |
79880 |
|
Rajinder Singh |
100000 |
|
Manjit Singh |
5000 |
|
Harcharn Kaur |
5000 |
|
Amargun Overseas Private Limited, |
225000 |
|
Total |
5803972 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2011
|
Category |
Percentage |
|
Bodies corporate |
7.48 |
|
Directors or relatives of directors |
92.52 |
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Air Conditioners and Color Television
etc. |
PRODUCTION STATUS
As on: 31.03.2011
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Air Conditioners/ Compressors |
Nos |
200000 |
123739 |
|
EPS |
Nos |
2800000 |
2407454 |
|
IM |
Nos |
3655000 |
1023529 |
|
UPS |
Nos |
-- |
1166 |
|
|
|
|
|
GENERAL INFORMATION
|
No. of
Employees: |
Management Non Cooperative |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N. Dhawan and Company Chartered Accountants |
|
Address : |
411, Outer Ring, Paschim Vihar, |
|
Tel. No.: |
91-11-42342154 |
|
Mobile No : |
91-9313510400 |
|
PAN No : |
AESPD3213Q |
|
E-Mail : |
|
|
|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
As on: 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Share |
Rs.10/- each |
Rs.60.000 Millions |
|
100000 |
Preference Share |
Rs.100/-each |
Rs.10.000 Millions |
|
|
Total |
|
Rs.70.000
Millions |
Issued, Subscribed :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Share |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
Paid-up Capital
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5803972 |
Equity Share |
Rs.10/- each |
Rs.58.040
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
58.040 |
41.158 |
17.100 |
|
|
2] Share Application Money |
21.262 |
21.076 |
12.458 |
|
|
3] Reserves & Surplus |
104.570 |
76.875 |
55.935 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
183.872 |
139.109 |
85.493 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
652.720 |
421.708 |
167.027 |
|
|
2] Unsecured Loans |
133.953 |
102.678 |
62.450 |
|
|
TOTAL BORROWING |
786.673 |
524.386 |
229.477 |
|
|
DEFERRED TAX LIABILITIES |
4.240 |
4.240 |
0.174 |
|
|
|
|
|
|
|
|
TOTAL |
974.785 |
667.735 |
315.144 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
428.311 |
286.207 |
43.159 |
|
|
Capital work-in-progress |
0.000 |
48.051 |
18.411 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
266.738
|
239.503 |
180.415 |
|
|
Sundry Debtors |
389.444
|
189.797 |
229.504 |
|
|
Cash & Bank Balances |
40.851
|
18.908 |
0.915 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
12.592
|
33.945 |
6.945 |
|
Total
Current Assets |
709.625
|
482.153 |
417.779 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
160.126
|
152.695 |
158.417 |
|
|
Other Current Liabilities |
10.040
|
4.758 |
5.853 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
170.166
|
157.453 |
164.270 |
|
|
Net Current Assets |
539.459
|
324.700 |
253.509 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
7.015 |
8.777 |
0.065 |
|
|
|
|
|
|
|
|
TOTAL |
974.785 |
667.735 |
315.144 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1453.375 |
1321.328 |
|
|
|
Other Income |
|
1.113 |
0.432 |
|
|
|
TOTAL (A) |
1962.988 |
1454.488 |
1321.760 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
1396.055 |
1286.047 |
|
|
|
Miscellaneous Expenses w/off |
|
0.016 |
0.016 |
|
|
|
TOTAL (B) |
1939.662
(Including Financial Expenses) |
1396.071 |
1286.063 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
58.417 |
35.697 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
28.248 |
21.105 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
23.326 |
30.169 |
14.592 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
15.514 |
3.893 |
2.924 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7.812 |
26.276 |
11.668 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.750 |
5.336 |
2.561 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.162 |
20.940 |
9.107 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
45.674 |
24.735 |
15.628 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
48.836 |
45.675 |
24.735 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
39.825 |
73.795 |
NA |
|
|
TOTAL IMPORTS |
39.825 |
73.795 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
0.54 |
6.08 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.16
|
1.44 |
0.69 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
1.81
|
0.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.69
|
3.42
|
2.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.19
|
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.20
|
4.90
|
4.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.17
|
3.06
|
2.54 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
17.100 |
41.158 |
58.040 |
|
Reserves & Surplus |
55.935 |
76.875 |
104.570 |
|
Share Application Money |
12.458 |
21.076 |
21.262 |
|
Net
worth |
85.493 |
139.109 |
183.872 |
|
|
|
|
|
|
Secured Loans |
167.027 |
421.708 |
652.720 |
|
Unsecured Loans |
62.450 |
102.678 |
133.953 |
|
Total
borrowings |
229.477 |
524.386 |
786.673 |
|
Debt/Equity
ratio |
2.684 |
3.770 |
4.278 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1321.760 |
1454.488 |
1962.988 |
|
|
|
10.042 |
34.961 |
NET PROFIT MARGIN
|
Net Profit
Margin |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Sales |
1321.760 |
1454.488 |
1962.988 |
|
Profit |
9.107 |
20.940 |
3.162 |
|
|
0.69% |
1.44% |
0.16% |
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 |
Yes |
|
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 |
Yes |
|
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 |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
Note:
The registered office of the company has been shifted from B 257, Naraina Industrial area, Phase I, New Delhi – 110 028 to the present address w.e.f. 01.05.2006.
UNSECURED LOANS
|
Particular |
As on 31.03.2011 (Rs In Millions) |
As on 31.03.2010 (Rs In Millions) |
|
Loans Director unsecured |
50.000 |
50.000 |
|
Other debt unsecured |
83.953 |
52.678 |
|
Total |
133.953 |
102.678 |
LATIGATION
DETAILS:
|
IN THE HIGH COURT OF
DELHI AT NEW DELHI CS(OS) 972/2014 KOHSAN ELECTRONICS
(THAILAND) COMPANY LIMITED...Plaintiff Through: Mr.Shubham
Aggarwal, Adv. Versus AG AEROVISION
ELECTRONICS PRIIVATE LIMITED and ORS.... Defendants Through: None CORAM:
SH. KOVAI VENUGOPAL (DHJS), JOINT REGISTRAR(JUDICIAL) O R D E R 02.04.2014 Fresh IA 6244/2014
(under section 151 of CPC filed by plaintiff seeking exemption from filing
original documents) Heard. Original
documents are exempted to be filed with the directions that the plaintiff
shall produce the originals as and when directed during the trial as well as
at the stage of admission/denial of the documents. IA stands allowed
and disposed of accordingly. CS(OS) 972/2014 The present suit is
filed under order XXXVII of CPC seeking recovery of amount for the
material supplied to the defendants. CS(OS)
972/2014 1/2 Copies of the
invoices and e-mails are on record. Issue summons under order XXXVII of CPC
to the defendants on PF. Put up on 31.07.2014. KOVAI VENUGOPAL
(DHJS) JOINT REGISTRAR
(JUDICIAL) APRIL 02, 2014 dsn CS(OS) 972/2014 2/2 $ 35 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10247051 |
02/05/2012 * |
350,000,000.00 |
PUNJAB NATIONAL BANK |
RAJENDRA PLACE, NEW DELHI-110008, DELHI, INDIA |
B41418229 |
|
2 |
10237114 |
08/02/2011 * |
50,000,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR. V B GANDHI MARG, FORT, MUMBAI-400001, MAHARASHTRA, INDIA |
B07704968 |
|
3 |
10225282 |
28/05/2010 |
55,000,000.00 |
PUNJAB NATIONAL BANK |
RAJENDRA PLACE, NEW DELHI- 110008, DELHI, INDIA |
A87874657 |
|
4 |
10216306 |
03/12/2012 * |
128,000,000.00 |
PUNJAB AND SIND BANK |
INDUSTRIAL FINANCE BRANCH, CONNAUGHT CIRCUS, NEW |
B63954390 |
|
5 |
10216305 |
31/03/2010 |
6,600,000.00 |
PUNJAB AND SIND BANK |
INDUSTRIAL FINANCE BRANCH, CONNAUGHT CIRCUS, NEW |
A84034545 |
|
6 |
10192732 |
22/12/2009 |
10,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
SIDBI TOWER, 15 ASHOK MARG, LUCKNOW- 226001, UTTAR PRADESH, INDIA |
A76007392 |
|
7 |
10171194 |
27/07/2009 |
110,000,000.00 |
PUMJAB AND SIND BANK |
INDUSTRIAL FINANCE BRANCH, P-18/90 CONNAYGHT CIRC |
A68028802 |
|
8 |
10170160 |
14/07/2009 |
45,000,000.00 |
PUNJAB AND SIND BANK |
INDUSTRIAL FINANCE BRANCH, 18/90 CONNAUGHT CIRCUS |
A67434738 |
|
9 |
10163719 |
24/05/2010 * |
116,600,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
SIDBI TOWER, 15 ASHOK MARG, LUCKNOW- 226001, UTTAR PRADESH , INDIA |
A86825643 |
|
10 |
10129589 |
03/10/2008 |
4,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
VIDEOCON TOWER, GROUND FLOOR, E - 1, RANI JHANSI |
A50382209 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Machinery
·
Vehicles
·
Office Equipments
·
Electrical Installation
·
Computers
·
Furniture and Fixtures
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 records 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 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] 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. 60.18 |
|
|
1 |
Rs. 103.14 |
|
Euro |
1 |
Rs. 81.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUB |
|
|
|
|
Analysis Done by
: |
GYT |
|
|
|
|
Report Prepared
by : |
ASH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
YES |
|
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 |
|
12 |
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.