MIRA
INFORM REPORT
|
Report Date : |
15.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
UNITECH MACHINES LIMITED |
|
|
|
|
Registered
Office : |
806, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
28.02.1986 |
|
|
|
|
Com. Reg. No.: |
55-023498 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.359.619 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300DL1986PLC023498
|
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELU02048E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU0313P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Automobile Lighting and Signaling
Equipments, Heavy Engineering Items and undertaking the Turnkey installation
of Piping Systems, Fire Fighting Systems etc. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6820000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having good track record. Financial position of the company is good. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
FITCH |
|
Rating |
A- (Long Term) |
|
Rating Explanation |
Adequate degree of safety. It carry low
credit risk. |
|
Date |
20th June 2012 |
|
Rating Agency Name |
FITCH |
|
Rating |
A2+ (Short Term) |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
20th June 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 PARTED BY
|
Name : |
Mr. Pankaj Singal |
|
Designation : |
Senior Manager Accounts |
|
Contact No.: |
91-124-4326555 |
|
Date : |
11.07.2014 |
LOCATIONS
|
Registered Office : |
806, Devika
Tower, 6 Nehru Place, New Delhi – 110019, India |
|
Tel. No.: |
91-11-41077544/ 26772287 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned
|
|
Locality : |
Commercial
|
|
|
|
|
Corporate Office : |
Plot No. 35 P, Sector-44, Gurgaon -
122002, Haryana, India |
|
Tel. No.: |
91-124-4326555/
4326444 |
|
Fax No.: |
91-124-4326500/326400
/ 4326400/ 4326500 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
10th
K. M., Delhi Road, Saharanpur – 247451, Uttar Pradesh, India |
|
Tel. No.: |
91-132-2760347 |
|
Fax No.: |
91-132-2760346 |
|
Area : |
4000 sq. mtrs |
|
Location : |
Owned |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Verinder Kumar Chhabra |
|
Designation : |
Director |
|
Address : |
60 Prakriti Marg, |
|
Date of Birth/Age : |
11.06.1949 |
|
Qualification : |
Diploma in Electrical Engineering |
|
Date of Appointment : |
28.02.1986 |
|
PAN No.: |
AADPC3635J |
|
Voter ID No.: |
YR12048882 |
|
DIN No.: |
00096937 |
|
|
|
|
Name : |
Mr. Sushant Chhabra |
|
Designation : |
Joint Managing Director |
|
Address : |
60 Prakriti Marg, |
|
Date of Birth/Age : |
26.06.1974 |
|
Date of Appointment : |
03.09.2004 |
|
PAN No.: |
ABOPC3487A |
|
Voter ID No.: |
YR12048890 |
|
DIN No.: |
00096771 |
|
|
|
|
Name : |
Mr. Jatinder Kumar Mehta |
|
Designation : |
Director |
|
Address : |
C -762 , New Friends Colony, |
|
Date of Birth/Age : |
11.04.1949 |
|
Date of Appointment : |
12.10.1990 |
|
DIN No.: |
00028207 |
|
|
|
|
Name : |
Mr. Arvind Kapoor |
|
Designation : |
Director |
|
Address : |
181-C, |
|
Date of Birth/Age : |
05.07.1950 |
|
Date of Appointment : |
23.10.1987 |
|
DIN No.: |
00096308 |
|
|
|
|
Name : |
Mrs. Nargis Malik |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
08.04.1939 |
|
Date of Appointment : |
08.12.2000 |
|
DIN No.: |
00146661 |
|
|
|
|
Name : |
Mr. Shashank
Bhagat |
|
Designation : |
Director |
|
Address : |
9, Link Road, Jangpura Extension, New Delhi-110014, India |
|
Date of Birth/Age : |
21.05.1969 |
|
Date of Appointment : |
19.06.2007 |
|
DIN No.: |
00254309 |
KEY EXECUTIVES
|
Name : |
Mr. Pankaj Singal |
|
Designation : |
Senior Manager Accounts |
|
|
|
|
Name : |
Mr. Rajesh Ramnani |
|
Designation : |
Company Secretary |
|
Address : |
D-44, 2nd
Floor, Naraina Vihar, New Delhi-110008, |
|
Date of Birth/Age : |
15.08.1968 |
|
Date of Appointment : |
16.06.2008 |
|
PAN No.: |
AEQPR3433N |
|
Voter ID No.: |
SMM0890483 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Verinder Kumar Chhabra |
|
11962622 |
|
Sushant Chhabra |
|
12158550 |
|
Bala Chhabra |
|
1253168 |
|
SAB Holdings
(India) Private Limited, India |
|
4848930 |
|
Techno Auto Components (India) Private Limited, India |
|
1117245 |
|
Instronics Limited, India |
|
1971609 |
|
Gessup Logistics and
Finance Private Limited, India |
|
2642556 |
|
Jatender Kumar
Mehta |
|
1200 |
|
Mithlesh Kumar
Agnihotri |
|
1200 |
|
Surendra Pal
Saini |
|
1200 |
|
Satish Kumar
Gupta |
|
1200 |
|
Suresh Shetty |
|
1200 |
|
Renu Munjal |
|
1200 |
|
|
|
|
|
Total |
|
35961880 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
29.42 |
|
Directors or relatives of directors |
|
70.56 |
|
Other top fifty shareholders |
|
0.02 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Automobile Lighting and Signaling Equipments,
Heavy Engineering Items and undertaking the Turnkey installation of Piping
Systems, Fire Fighting Systems etc. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
Turkey |
|
|
|
|
Imports : |
|
|
Products : |
Auto Parts |
|
Countries : |
Europe |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Credit |
|
|
|
|
Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
No. of Employees : |
1000 (Approximately) |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Bankers : |
· Corporation Bank, Corporate Banking Branch, H.T. House, 10Th Floor, K.G. Marg Connaught Place, New Delhi - 110001, India · HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India · ICICI Bank Limited, Land Mark Racecourse Circle, Alkapuri, Baroda - 390015, Gujarat, India · Standard Chartered Bank, Credit Risk Control, Narain Manzil, 23 Barakhamba Road, New Delhi - 110001, India ·
DBS Bank Limited, Upper Ground Floor, Birla
Tower, 25, Barakhamba Road, New Delhi - 110001, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Wahi and Company Chartered Accountants |
|
Address : |
K-1, Kailash
Colony, New Delhi - 110048, India |
|
PAN No.: |
AAAFW0375N |
|
|
|
|
Subsidiaries : |
· Unitech Machines FZC · UM Power Limited U40106DL2010PLC210042 · UM Corporate and Management Services Private Limited · UM Urja Limited · Alpha Maier Private Limited U35990DL2010PTC202385 · UM Green Lighting Private Limited U31500DL2010PTC210780 |
|
|
|
|
Joint Ventures : |
· Unitech Nohmi Fire Protection System Private Limited U45200HR2008FTC037878 · Magneti Marelli UM Electronic Systems Private Limited U32204HR2008PTC046212 |
|
|
|
|
Associate : |
· Unitech Indraprastha TV Limited · Unitech Indraprastha TV Limited · UM Infratel Private Limited · ESS ENN Autotech Private Limited U35999DL2008PTC178973 · Good Day Foods Limited U15209DL2003PTC121231 · Alpha Toyo Limited U74899DL1978PLC093797 · Sab Holdings (India) Private Limited · Nikko Auto Limited U74899DL1983PLC093808 · Gessup Logistics and Finance Private Limited U51909DL1994PTC061886 · Instronics Limited U65993DL1984PLC017728 · UM Solar Power Private Limited · U40106DL2010PTC206775 · Bee Cee Logistic Private Limited U60200DL2010PTC202344 · Unitech Software Solutions Limited U72200DL1998PLC096636 · Trading Engineers (International) Limited U74899DL1972PLC108312 · Techno Auto Components (I) Private Limited U74899DL1995PTC072548 · Techno Trexim (I) Private Limited U51909DL1996PTC075727 |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35961880 |
Equity Shares |
Rs.10/- each |
Rs.359.619 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 |
359.619 |
300.000 |
300.000 |
|
(b) Reserves & Surplus |
1346.114 |
1040.999 |
920.688 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
200.000 |
200.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1705.733 |
1540.999 |
1420.688 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1361.100 |
1119.557 |
1464.254 |
|
(b) Deferred tax liabilities
(Net) |
239.615 |
196.020 |
159.098 |
|
(c) Other long term
liabilities |
12.830 |
12.830 |
0.000 |
|
(d) long-term provisions |
6.049 |
16.439 |
16.560 |
|
Total
Non-current Liabilities (3) |
1619.594 |
1344.846 |
1639.912 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2100.134 |
1974.490 |
1469.303 |
|
(b) Trade payables |
1624.293 |
1602.219 |
1614.527 |
|
(c) Other current liabilities |
870.151 |
858.976 |
233.574 |
|
(d) Short-term provisions |
37.036 |
124.712 |
125.148 |
|
Total
Current Liabilities (4) |
4631.614 |
4560.397 |
3442.552 |
|
|
|
|
|
|
TOTAL |
7956.941 |
7446.242 |
6503.152 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2363.962 |
2055.090 |
1758.427 |
|
(ii) Intangible Assets |
9.703 |
14.280 |
15.643 |
|
(iii) Capital work-in-progress |
2.935 |
89.525 |
163.857 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
392.708 |
320.894 |
228.236 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
44.748 |
43.670 |
0.000 |
|
(e) Other Non-current assets |
824.738 |
715.580 |
704.275 |
|
Total
Non-Current Assets |
3638.794 |
3239.039 |
2870.438 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
817.162 |
1390.511 |
1347.239 |
|
(c) Trade receivables |
1653.767 |
1891.590 |
1511.859 |
|
(d) Cash and cash equivalents |
133.707 |
126.643 |
146.000 |
|
(e) Short-term loans and
advances |
437.990 |
476.790 |
366.767 |
|
(f) Other current assets |
1275.521 |
321.669 |
260.849 |
|
Total
Current Assets |
4318.147 |
4207.203 |
3632.714 |
|
|
|
|
|
|
TOTAL |
7956.941 |
7446.242 |
6503.152 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
7049.155 |
7579.048 |
6431.157 |
|
|
Other Income |
146.958 |
37.808 |
63.475 |
|
|
TOTAL
(A) |
7196.113 |
7616.856 |
6494.632 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
3715.907 |
3775.513 |
3055.666 |
|
|
Purchases of Stock-in-Trade |
675.744 |
1221.794 |
1284.322 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
389.014 |
(139.186) |
(209.544) |
|
|
Employees benefits expense |
226.822 |
319.903 |
309.024 |
|
|
Other expenses |
1198.038 |
1529.013 |
1300.833 |
|
|
TOTAL
(B) |
6205.525 |
6707.037 |
5740.301 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
990.588 |
909.819 |
754.331 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
666.545 |
593.509 |
413.618 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
324.043 |
316.310 |
340.713 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
160.655 |
158.240 |
137.282 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
163.388 |
158.070 |
203.431 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
45.981 |
37.132 |
37.242 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
117.407 |
120.938 |
166.189 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
941.280 |
820.969 |
730.343 |
|
|
|
|
|
|
|
Add |
Earlier
year excess proposed dividend and dividend distribution tax |
0.327 |
(0.627) |
0.000 |
|
|
|
|
|
|
|
Less/
Add |
Excess/ (short)
provision of Taxes of earlier years |
0.000 |
0.000 |
31.680 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
120.000 |
0.000 |
19.787 |
|
|
Interim dividend |
0.000 |
0.000 |
75.000 |
|
|
Corporate Dividend Tax |
0.000 |
0.000 |
12.456 |
|
|
BALANCE
CARRIED TO THE B/S |
939.014 |
941.280 |
820.969 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.86 |
4.03 |
5.54 |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
6000.000 |
|
|
|
|
(Sales turnover
low due to slow down in power sector) |
The above information has been parted by Mr. Pankaj Singal
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.63 |
1.59 |
2.56 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.32 |
2.09 |
3.16 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.16 |
2.25 |
3.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.10 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.03 |
2.01 |
2.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.93 |
0.92 |
1.06 |
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 |
300.000 |
300.000 |
359.619 |
|
Reserves & Surplus |
920.688 |
1040.999 |
1346.114 |
|
Net
worth |
1220.688 |
1340.999 |
1705.733 |
|
|
|
|
|
|
long-term borrowings |
1464.254 |
1119.557 |
1361.100 |
|
Short term borrowings |
1469.303 |
1974.490 |
2100.134 |
|
Total
borrowings |
2933.557 |
3094.047 |
3461.234 |
|
Debt/Equity
ratio |
2.403 |
2.307 |
2.029 |
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 |
6431.157 |
7579.048 |
7049.155 |
|
|
|
17.849 |
(6.992) |
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 |
6431.157 |
7579.048 |
7049.155 |
|
Profit |
166.189 |
120.938 |
117.407 |
|
|
2.58% |
1.60% |
1.67% |
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 |
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% |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating, if available |
Yes |
LITIGATION DETAILS
IN THE HIGH COURT OF DELHI AT NEW DELHI
CS(OS) 1535/2013
GKC PROJECTS LTD
..... Plaintiff
Through Ms. Sneha Dusi, Adv.
versus
UNITECH MACHINES LTD
..... Defendant
Through Mr. Arush Bhandari, Adv.
CORAM:
SH. SATINDER KUMAR GAUTAM (DHJS), JOINT REGISTRAR (JUDICIAL)
O R D E R
26.05.2014
Parties requested for adjournment on the ground that matter has to be withdrawn, as per order dated 03.04.2014 in FAO (OS) No.45/2014.
On joint request, matter be put up before the Hon?ble Court on 17.07.2014 for further directions.
SATINDER KUMAR GAUTAM (DHJS)
JOINT REGISTRAR (JUDICIAL)
MAY 26, 2014/ RB
UNSECURED LOAN
(Rs. In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
LONG-TERM
BORROWINGS |
|
|
|
Rupee term loans from banks |
125.000 |
208.333 |
|
Other loans and advances |
175.000 |
0.000 |
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans repayable on demand from banks |
239.133 |
150.000 |
|
Loans repayable on demand from others |
473.544 |
648.246 |
|
|
|
|
|
Total |
1012.677 |
1006.579 |
NOTE
The Registered office address of the company has been shifted from Oshu
House 344/3, Lado Sarai, New Delhi, Delhi, India to present address w.e.f.
01.02.2008
OPERATIONS
The Company achieved total income (turnover) of Rs. 7196.112 Millions during the year ended 31st March, 2013. The corresponding figure for the previous year was Rs. 7616.857 Millions reflecting a decline of 5.52% in the total income (turnover) over the previous year figures.
The Company has registered a decrease in the Profit after tax for the year from Rs.120.938 Millions to Rs. 117.407 Millions reflecting a decline of 2.91% over previous year’s profit. Your Directors feel that this decrease in profit is temporary and cyclic in nature and expects better results in future.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10487142 |
30/01/2014 |
200,000,000.00 |
SBERBANK |
UPPER GROUND FLOOR,
GOPAL DAS BHAWAN, 28, BARAKHA |
C01209253 |
|
2 |
10491379 |
21/01/2014 |
300,000,000.00 |
INDUSTRIAL FINANCE BRANCH HINDUSTAN TIMES HOUSE |
INDUSTRIAL FINANCE
BRANCH, HINDUSTAN TIMES HOUSE,, |
C04062816 |
|
3 |
10471387 |
03/12/2013 |
20,000,000.00 |
Hero FinCorp Limited |
34, COMMUNITY
CENTRE, BASANT LOK, VASANT VIHAR, N |
B93957652 |
|
4 |
10450230 |
21/01/2014 * |
300,000,000.00 |
CORPORATION BANK INDUSTRIAL FINANCE BRANCH |
HINDUSTAN TIMES
HOUSE, 10TH FLOOR, 18/20, K.G. MA |
B96677182 |
|
5 |
10436521 |
17/06/2013 |
3,202,288.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B79475489 |
|
6 |
10420183 |
21/03/2013 |
4,704,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B73321416 |
|
7 |
10410733 |
15/02/2013 |
3,080,448.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B70420278 |
|
8 |
10374456 |
21/01/2014 * |
350,000,000.00 |
Corporation Bank |
INDUSTRIAL FINANCE
BRANCH, HINDUSTAN TIMES HOUSE,, |
C00263657 |
|
9 |
10322603 |
21/01/2014 * |
400,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
C00224154 |
|
10 |
10315414 |
10/10/2011 |
73,505,000.00 |
Hero FinCorp Limited |
34, COMMUNITY
CENTRE, BASANT LOK, VASANT VIHAR, N |
B24437733 |
* Date of charge modification
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
Intangible Assets
· Computer software
· Know-how
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.60.00 |
|
|
1 |
Rs.102.72 |
|
Euro |
1 |
Rs.81.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
53 |
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.