MIRA
INFORM REPORT
|
Report Date : |
16.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
PTC ENGINEERING ( |
|
|
|
|
Registered
Office : |
C-657, New Friends Colony, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
22.12.2009 |
|
|
|
|
Com. Reg. No.: |
55-197217 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.323 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100DL2009PTC197217 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Automotive Components. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
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 : |
Slow and delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having moderate track record. The company has incurred
huge accumulated losses which has eroded networth of the company.
Profitability of the company is under pressure. Business is
active. Payment terms are slow and delayed.
The company 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
NEWS
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
31-03-2014.
INFORMATION DECLINED BY
|
Name : |
Ms. Chhaya |
|
Designation : |
Secretary |
|
Contact No.: |
91-9871696350 |
|
|
|
|
Name : |
Mr. Paramjit Gandhi |
|
Designation : |
Director |
|
Contact No.: |
91-9811043295 |
|
Date : |
15.07.2014 |
LOCATIONS
|
Registered Office : |
C-657, New Friends Colony, New Delhi – 110 025, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9871696350 (Ms. Chhaya) 91-9811043295 (Mr. Paramjit Gandhi) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
1C, Udyog Vihar, Ucotech II, Gautam Buddh Nagar District, Greater Noida,
Uttar Pradesh, India |
|
Tel. No.: |
91-120-4170501/ 4325507/ 06 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Mohan Singh Gandhi |
|
Designation : |
Director |
|
Address : |
R-2/221, Raj Nagar, Ghaziabad – 201 002, Uttar Pradesh, India |
|
Date of Birth/Age : |
02.02.1935 |
|
Date of Appointment : |
22.12.2009 |
|
DIN No.: |
00809470 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U74899DL1994PTC062810 |
PTC MOULDINGS PRIVATE LIMITED |
Director |
17-11-1994 |
17-11-1994 |
- |
Active |
NO |
|
2 |
U31101UP1972PTC003571 |
PROGRESSIVE TOOLS AND COMPONENTS PRIVATE
LIMITED. |
Managing director |
04-12-1995 |
04-12-1995 |
- |
Active |
NO |
|
3 |
U28910DL2006PTC156893 |
KANAHIYA OVERSEAS PRIVATE LIMITED |
Director |
05-09-2008 |
05-09-2008 |
05-05-2012 |
Active |
NO |
|
4 |
U27100DL2009PTC197217 |
PTC ENGINEERING (INDIA) PRIVATE LIMITED |
Director |
22-12-2009 |
22-12-2009 |
- |
Active |
NO |
|
Name : |
Mr. Paramjit Gandhi |
|
Designation : |
Director |
|
Address : |
R-2/221, Raj Nagar, Ghaziabad – 201 002, Uttar Pradesh, India |
|
Date of Birth/Age : |
10.10.1962 |
|
Date of Appointment : |
22.12.2009 |
|
DIN No.: |
00809459 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U74899DL1984PTC017460 |
SPECIAL TOOLS PRIVATE LIMITED |
Director |
20-06-1989 |
20-06-1989 |
25-11-2011 |
Active |
NO |
|
2 |
U31101UP1972PTC003571 |
PROGRESSIVE TOOLS AND COMPONENTS PRIVATE
LIMITED. |
Director |
01-03-1994 |
01-03-1994 |
- |
Active |
NO |
|
3 |
U74899DL1994PTC062810 |
PTC MOULDINGS PRIVATE LIMITED |
Director |
17-11-1994 |
17-11-1994 |
- |
Active |
NO |
|
4 |
U74999DL2005PTC134843 |
M P A MACHINES AND METALS TRADING PRIVATE
LIMITED |
Director |
05-05-2005 |
05-05-2005 |
- |
Active |
NO |
|
5 |
U74999UP2005PTC064462 |
DBF INFRASTRUCTURE PRIVATE LIMITED |
Director |
18-09-2006 |
18-09-2006 |
05-01-2013 |
Active |
NO |
|
6 |
U74999DL2007PTC161986 |
ANJANI REALTORS PRIVATE LIMITED |
Director |
13-04-2007 |
13-04-2007 |
- |
Active |
NO |
|
7 |
U28910DL2007PTC164126 |
PGSD ENGINEERING PRIVATE LIMITED |
Director |
30-05-2007 |
30-05-2007 |
20-03-2011 |
Converted to LLP and dissolved |
NO |
|
8 |
U45400DL2007PTC170692 |
SUNLINE PACKERS PRIVATE LIMITED |
Director |
12-08-2008 |
12-08-2008 |
- |
Active |
NO |
|
9 |
U21029HR2005PTC039805 |
FLEXPACK TECHNOLOGIES PRIVATE LIMITED |
Director |
30-09-2010 |
14-12-2009 |
01-10-2010 |
Active |
NO |
|
10 |
U27100DL2009PTC197217 |
PTC ENGINEERING (INDIA) PRIVATE LIMITED |
Director |
22-12-2009 |
22-12-2009 |
- |
Active |
NO |
|
11 |
U17299DL2007PTC161031 |
RAINBOW COTTON PRIVATE LIMITED |
Additional director |
22-02-2011 |
22-02-2011 |
- |
Active |
NO |
|
12 |
U17299DL2007PTC160935 |
AASHIRWAD LINENS PRIVATE LIMITED |
Additional director |
22-02-2011 |
22-02-2011 |
- |
Active |
NO |
|
13 |
U72200DL2006PTC144562 |
SPLENDOR INFOPARK PRIVATE LIMITED |
Additional director |
02-07-2013 |
02-07-2013 |
- |
Active |
NO |
|
14 |
U74300WB1997PTC137270 |
SURBHAEE ADVERTISING PRIVATE LIMITED |
Director |
27-09-2013 |
08-08-2013 |
- |
Active |
NO |
|
15 |
U45400DL2014PTC264654 |
JPG REALTECH PRIVATE LIMITED |
Director |
10-02-2014 |
10-02-2014 |
- |
Active |
NO |
|
16 |
U30009DL1996PTC082930 |
TIMELESS INFOTECK PRIVATE LIMITED |
Additional director |
14-03-2014 |
14-03-2014 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Paramjit Gandhi |
305835 |
|
Mohan Singh Gandhi |
5000 |
|
PTC Moulding Private Limited, India |
32000 |
|
PGSD Engineering Private Limited, India |
477000 |
|
Mithilanchal Investment and Finance Private Limited, India |
25000 |
|
Allegiance Trading Private Limited, India |
25000 |
|
Cornelius Marketing and Research Private Limited, India |
15000 |
|
Soffpro Technologies Private Limited, India |
10000 |
|
Bliss Buildcon Private Limited, India |
30000 |
|
Rising Portfolio India Private Limited, India |
20000 |
|
Total
|
944835 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
67.00 |
|
Directors
or relatives of directors |
|
33.00 |
|
Total |
|
100.00 |
%20PRIVATE%20LIMITED%20-%20275864%2016-Jul-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Automotive Components. |
|
|
|
|
Products : |
Sheet Metal Auto Components |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
Auto Parts |
Nos. |
726226 |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management. |
|||||||||||||||
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|
|||||||||||||||
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Bankers : |
|
|||||||||||||||
|
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|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N.R. and Company Chartered Accountants |
|
Address : |
C-12, 115, 1st Floor, DB Plaza Business Centre, RDC, Raj Nagar,
Ghaziabad – 201 002, Uttar Pradesh, India |
|
Tel./ Fax No.: |
91-120-2702078/ 4373216 |
|
E-Mail : |
|
|
PAN No.: |
AFSPS2196E |
|
|
|
|
Associates : |
·
Progressive Tools and Components Private Limited ·
Special Tools Private Limited |
|
|
|
|
Other Related Parties : |
·
Precision Tools and Components |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
944835 |
Equity Shares |
Rs.10/- each |
Rs.9.448
millions |
|
125000 |
Less: Calls In Arrears |
Re.1/- each |
Rs.0.125 million |
|
|
Total |
|
Rs.9.323
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 |
9.323 |
9.323 |
7.648 |
|
(b) Reserves & Surplus |
(17.449) |
29.285 |
42.184 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
5.600 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
(2.526) |
38.608 |
49.832 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
245.205 |
225.817 |
257.061 |
|
(b) Deferred tax liabilities (Net) |
11.124 |
8.363 |
4.912 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
256.329 |
234.180 |
261.973 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
15.791 |
21.645
|
6.145 |
|
(c) Other
current liabilities |
64.683 |
51.997
|
16.680 |
|
(d) Short-term
provisions |
1.565 |
1.902
|
0.833 |
|
Total Current
Liabilities (4) |
82.039 |
75.544 |
23.658 |
|
|
|
|
|
|
TOTAL |
335.842 |
348.332 |
335.463 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
314.310 |
320.157 |
325.775 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.496 |
0.496 |
0.162 |
|
(e) Other
Non-current assets |
0.074 |
0.110 |
0.147 |
|
Total Non-Current
Assets |
314.880 |
320.763 |
326.084 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
10.884 |
14.059
|
6.424 |
|
(c)
Trade receivables |
6.810 |
10.245
|
1.834 |
|
(d) Cash
and cash equivalents |
0.307 |
1.233
|
0.469 |
|
(e)
Short-term loans and advances |
2.961 |
2.032 |
0.652 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
20.962 |
27.569 |
9.379 |
|
|
|
|
|
|
TOTAL |
335.842 |
348.332 |
335.463 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operation |
69.563 |
47.222 |
18.886 |
|
|
|
Other Income |
0.120 |
0.500 |
0.476 |
|
|
|
TOTAL (A) |
69.683 |
47.722 |
19.362 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
44.031 |
20.235 |
10.285 |
|
|
|
Changes in inventories of finished goods work in progress and stock in
trade |
(0.239) |
(0.608) |
(3.409) |
|
|
|
Employee benefits expenses |
7.242 |
6.843 |
3.152 |
|
|
|
Other expenses |
12.810 |
15.853 |
12.186 |
|
|
|
TOTAL (B) |
63.844 |
42.323 |
22.214 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5.839 |
5.399 |
(2.852) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
43.115 |
42.531 |
26.411 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(37.276) |
(37.132) |
(29.263) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.697 |
6.640 |
4.377 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(43.973) |
(43.772) |
(33.640) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.762 |
3.452 |
4.911 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(46.735) |
(47.224) |
(38.551) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(49.46) |
(61.74) |
(50.40) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(67.07) |
(98.96)
|
(199.11) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(63.21) |
(92.69)
|
(178.12) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(13.09) |
(12.57)
|
(10.03) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
17.41 |
(1.13)
|
(0.68) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(97.07) |
5.85 |
5.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.26 |
0.36 |
0.41 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
7.648 |
9.323 |
9.323 |
|
Reserves & Surplus |
42.184 |
29.285 |
-17.449 |
|
Share Application money pending allotment |
0.000 |
0.000 |
5.600 |
|
Net worth |
49.832 |
38.608 |
-2.526 |
|
|
|
|
|
|
Long-term borrowings |
257.061 |
225.817 |
245.205 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
257.061 |
225.817 |
245.205 |
|
Debt/Equity ratio |
5.159 |
5.849 |
-97.072 |
%20PRIVATE%20LIMITED%20-%20275864%2016-Jul-2014_files/image004.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operation |
18.886 |
47.222 |
69.563 |
|
|
|
150.037 |
47.311 |
%20PRIVATE%20LIMITED%20-%20275864%2016-Jul-2014_files/image006.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operation |
18.886 |
47.222 |
69.563 |
|
Profit |
-38.551 |
-47.224 |
-46.735 |
|
|
-204.12% |
-100.00% |
-67.18% |
%20PRIVATE%20LIMITED%20-%20275864%2016-Jul-2014_files/image008.gif)
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 |
|
Unsecured Loans |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
From Related
Parties |
97.825 |
41.017 |
|
Total |
97.825 |
41.017 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10220323 |
25/03/2010 |
310,000,000.00 |
PUINJAB NATIONAL BANK |
SECTOR-18, NOIDA, UTTAR
PRADESH - 201301, INDIA |
A85580447 |
FINANCIAL RESULTS:
During the year the company
has earned an income of Rs.69.683 millions as compared to Rs.47.722 millions of
previous year. The company and incurred total expenditure of Rs.113.655
millions as compared to Rs.91.494 millions of previous year. The profit before
taxation etc. during the year was Rs. (43.973) millions as compared to Rs
(43.772) millions of previous year. After making provisions of taxation etc.
the net profit was Rs. (46.735) millions as compared to Rs (47.223) millions of
previous year. The Board is hopeful that in near future the company will show
positive results.
FIXED ASSETS:
·
Land
·
Building
·
Furniture and Fixtures
·
Plant and Machinery
·
Fan
·
Electric Installation
·
Printer
·
Air Conditioner
·
Computer
·
Tank of Diesel
·
Transformer
·
Water Pumps
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.60.22 |
|
|
1 |
Rs.102.79 |
|
Euro |
1 |
Rs.81.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
- |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
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.