MIRA
INFORM REPORT
|
Report Date : |
17.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
AMI TECH (INDIA) PRIVATE LIMITED (w.e.f.
17.11.2011) |
|
|
|
|
Formerly Known
As : |
AMI INDUSTRIES ( |
|
|
|
|
Registered
Office : |
6, Feltham House, 2nd Floor, 10, J.N. Heredia Marg, Ballard Estate,
Mumbai –
400 001, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.12.1995 |
|
|
|
|
Com. Reg. No.: |
11-140949 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.24.500
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH1995PTC140949 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the
business of manufacturing and selling of AMR (Automatic Meter Reader) and
related products and also engaged in installation and commissioning of the
same. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The company possesses a moderate financial profile marked by adequate networth base along with augmenting payables and stressed
working capital cycle on account of delayed receivables during the year under
review. Management has seen a better turnover, whereas has reported a drastic
dip in its net profitability during FY 13. The ratings also take into consideration, the modest scale of
operations carried out by the company. Further, as per indirect source we found that the management has
recorded a considerable losses in equity trading activity. However, trade relations seems to be fair. Business is active. Payment
terms are reported as slow but correct. In view of experienced, qualified management and financial assistance
from group companies, the subject can be considered for business dealings
with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 : |
Mr. Shetty |
|
Designation : |
Accounts |
|
Contact No.: |
91-22-40587300 |
|
Date : |
15.07.2014 |
LOCATIONS
|
Registered Office/ Headquarter : |
6, Feltham House, 2nd Floor, 10, J.N. Heredia Marg, Ballard Estate,
Mumbai –
400 001, Maharashtra, India |
|
Tel. No.: |
91-22-40587300/ 340/ 341/ 40587350 |
|
Fax No.: |
91-22-40587360 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.871/B2/A, Beside Kadam Consultant,
GIDC, Mahapur, Vadodara –
390 010, Gujarat, India |
|
Tel. No.: |
91-265-2640065 |
|
|
|
|
Corporate R&D/ |
205 and 206, 2nd Floor, NSIC-EMDBP Kamalanagar,
ECIL Post, Hyderabad – 500 062, Andhra Pradesh, India |
|
Tel. No.: |
91-40-40176201-204 |
|
Fax No.: |
91-40-40176200 |
|
|
|
|
Education and Training Centre : |
202, 2nd Floor, NSIC-EMDBP Kamalanagar,
ECIL Post, Hyderabad – 500 062, Andhra Pradesh, India |
|
Tel. No.: |
91-40-40023714/ 15 |
|
Fax No.: |
91-40-40176200 |
|
|
|
|
Regional Office (North) : |
Unit No: DTJ 809, 8th Floor, DLF Tower-B, Jasola, New Delhi – 110 025, India |
|
Tel. No.: |
91-11-40570032/35 |
|
Fax No.: |
91-11-40570035 |
|
|
|
|
Regional Office (East) : |
”Santhosh Chamber”, Module No.5C, New Town
Road, Noa Para P.O. Hatiara,
P.S. Rajarhat, Kolkata –
700 157, West Bengal, India |
|
Tel. No.: |
91-33-25721050/ 51 |
|
Fax No.: |
91-33-25721049 |
|
|
|
|
Sales/ Marketing Office : |
New No.41, Ground Floor, Jayant Tech Park, Padmini Gardens, Mount Poonamallee
High Road, Nandambakkam, Chennai – 600089, Tamilnadu, India |
|
Tel. No.: |
91-44-42829606/ 42817161/ 42815737 |
|
|
|
|
Branch Offices : |
Located at: · Gurgaon Jodhpur Jaipur Panipat Gwalior Bhopal Mumbai (Vashi) Vadodara Rajkot Pune Ranchi Kerala |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mrs. Aparna Paresh
Merchant |
|
Designation : |
Director |
|
Address : |
A/5, Sneha Sadan, N. Gamadia Marg, Peddar Road, Mumbai – 400 026, Maharashtra, India |
|
Date of Birth/Age : |
27.08.1964 |
|
Date of Appointment : |
17.06.2003 |
|
DIN No.: |
01668134 |
Note:
Other Directors name are not divulged by the
management.
KEY EXECUTIVES
|
Name : |
Mr. Vishnu |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Paresh Merchant |
|
285000 |
|
Nitin Dantwala |
|
10 |
|
Jatin Parikh |
|
10 |
|
Nikhil Merchant |
|
60000 |
|
Dhanjay Gadre |
|
5000 |
|
Jatin B. Trivedi |
|
5000 |
|
Tanal Mohan Sinha |
|
5000 |
|
Mukundrai Talajia |
|
2000 |
|
Jatin Shah |
|
2500 |
|
Madhusudan Shah |
|
2500 |
|
Dharmesh Patel |
|
5000 |
|
Miri Technologies Private Limited, India |
|
160000 |
|
Veena Merchant |
|
1327970 |
|
Dilip Punater |
|
10 |
|
Aparna Merchant |
|
140000 |
|
Parasmani Merchandise Private Limited, India |
|
450000 |
|
Total |
|
2450000 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
25.00 |
|
Directors
or relatives of directors |
74.00 |
|
Other
top fifty shareholders |
1.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20277125_MIRA%2017-Jul-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the
business of manufacturing and selling of AMR (Automatic Meter Reader) and
related products and also engaged in installation and commissioning of the
same. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management. |
|||||||||||||||
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|
|||||||||||||||
|
Bankers : |
·
Dena Bank, Worli Branch, Tulsi
Vihar, Dr. A.B. Road, Worli,
Mumbai – 400 018, Maharashtra, India ·
Axis Bank Limited, Universal Insurance Building, Sir P.M. Road, Fort,
Mumbai – 400 001, Maharashtra, India ·
Axis
Bank Limited, Corporate Banking Branch, Ground Floor, Axis House, Wadia International Center, P.B. Marg,
Worli, Mumbai – 400 025, Maharashtra,
India (Tel No.: 91-22-24252525) |
|||||||||||||||
|
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|
|||||||||||||||
|
Facilities : |
Note: Short term borrowings Working Capital Loan from
banks include: i) Axis Bank loan of Rs.20.155
millions, which is secured by exclusive first charge by way of hypothecation
of entire current assets of the company, including stock and book debts,
present and future. ii) Yes Bank loan of
Rs.20.009 millions is secured by fixed deposit for 100% of the value in the
name of group companies. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V.R. Renuka and Company Chartered Accountants |
|
Address : |
414, Dattani Trade Center, Chandravarkar Lane, Borivali
(West), Mumbai – 400 092, Maharashtra, India |
|
Tel. No.: |
91-22-28920170/ 28904743 |
|
Mobile No.: |
91-9820316018 |
|
Fax No.: |
91-22-28904743 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AADPR5025M |
|
|
|
|
Enterprise which exercise significant influence over the Company : |
Swan Energy Limited |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2450000 |
Equity Shares |
Rs.10/- each |
Rs.24.500
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 |
24.500 |
24.500 |
20.000 |
|
(b) Reserves & Surplus |
165.909 |
155.531 |
(41.106) |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
412.000 |
|
Total
Shareholders’ Funds (1) + (2) |
190.409 |
180.031 |
390.894 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
135.412 |
75.922 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.427 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
323.151 |
369.500 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
458.990 |
445.422 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
40.164 |
0.000 |
38.000 |
|
(b)
Trade payables |
100.901 |
25.855 |
55.601 |
|
(c) Other
current liabilities |
36.636 |
5.138 |
1.561 |
|
(d) Short-term
provisions |
3.586 |
4.945 |
9.630 |
|
Total Current
Liabilities (4) |
181.287 |
35.938 |
104.792 |
|
|
|
|
|
|
TOTAL |
830.686 |
661.391 |
495.686 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
94.589 |
42.242 |
15.694 |
|
(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 |
46.294 |
175.148 |
176.801 |
|
(c) Deferred tax assets (net) |
0.000 |
1.979 |
1.976 |
|
(d) Long-term Loan and Advances |
156.721 |
166.465 |
95.187 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
297.604 |
385.834 |
289.658 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
8.328 |
2.434 |
0.808 |
|
(c)
Trade receivables |
448.106 |
210.299 |
144.457 |
|
(d) Cash
and cash equivalents |
43.530 |
41.866 |
38.461 |
|
(e)
Short-term loans and advances |
32.339 |
20.118 |
21.029 |
|
(f)
Other current assets |
0.779 |
0.840 |
1.273 |
|
Total
Current Assets |
533.082 |
275.557 |
206.028 |
|
|
|
|
|
|
TOTAL |
830.686 |
661.391 |
495.686 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
451.142 |
385.216 |
315.787 |
|
|
|
Other Income |
11.017 |
14.959 |
15.497 |
|
|
|
TOTAL (A) |
462.159 |
400.175 |
331.284 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
249.750 |
|
242.086 |
|
|
|
Changes in inventories stock-in-trade |
(5.894) |
(1.626) |
|
|
|
|
Employee benefit Expenses |
55.206 |
45.776 |
|
|
|
|
Other Expenses |
75.485 |
56.286 |
|
|
|
|
(Profit)/ Loss on transaction in securities |
39.196 |
4.724 |
|
|
|
|
TOTAL (B) |
413.743 |
292.685 |
242.086 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
48.416 |
107.490 |
89.198 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
26.384 |
7.052 |
1.019 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
22.032 |
100.438 |
88.179 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.149 |
3.136 |
0.897 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
15.883 |
97.302 |
87.282 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.505 |
31.164 |
20.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
10.378 |
66.138 |
67.282 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
4.24 |
26.99 |
33.64 |
|
%20PRIVATE%20LIMITED%20-%20277125_MIRA%2017-Jul-2014_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.25 |
16.53 |
20.31 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.52 |
25.26 |
27.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.02 |
20.09 |
27.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.54 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.92 |
0.42 |
0.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.94 |
7.67 |
1.97 |
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 |
20.000 |
24.500 |
24.500 |
|
Reserves & Surplus |
(41.106) |
155.531 |
165.909 |
|
Share Application money
pending allotment |
412.000 |
0.000 |
0.000 |
|
Net worth |
390.894 |
180.031 |
190.409 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
75.922 |
135.412 |
|
Short term borrowings |
38.000 |
0.000 |
40.164 |
|
Total borrowings |
38.000 |
75.922 |
175.576 |
|
Debt/Equity ratio |
0.097 |
0.422 |
0.922 |
%20PRIVATE%20LIMITED%20-%20277125_MIRA%2017-Jul-2014_files/image005.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 operations |
315.787 |
385.216 |
451.142 |
|
|
|
21.986 |
17.114 |
%20PRIVATE%20LIMITED%20-%20277125_MIRA%2017-Jul-2014_files/image007.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 operations |
315.787 |
385.216 |
451.142 |
|
Profit |
67.282 |
66.138 |
10.378 |
|
|
21.31% |
17.17% |
2.30% |
%20PRIVATE%20LIMITED%20-%20277125_MIRA%2017-Jul-2014_files/image009.gif)
LOCAL AGENCY FURTHER INFORMATION
Details of Current maturities of long-term debt:
|
Particulars |
31.03.2013 (Rs.
in millions) |
31.03.2012 (Rs.
in millions) |
31.03.2011 (Rs.
in millions) |
|
Current maturities of long-term debt |
|
|
|
|
- Vehicle Loan |
0.140 |
0.125 |
0.000 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10478688 |
24/01/2014 |
122,000,000.00 |
DENA BANK |
WORLI BRANCH, TULSI
VIHAR, DR. A.B. ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B96825500 |
|
2 |
10355892 |
23/09/2013 * |
130,000,000.00 |
AXIS BANK LIMITED |
UNIVERSAL INSURANCE BUILDING,
SIR P.M. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B86275138 |
* Date of charge modification
|
Unsecured Loans |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
|
|
|
Swan
Energy Limited |
134.953 |
75.323 |
|
Other loans and advances |
|
|
|
Vehicle
Loan |
0.459 |
0.599 |
|
Total
|
135.412 |
75.922 |
FINANCIAL RESULTS:
During the Financial year,
the Company has earned a net profit before tax of Rs.15.883 millions as against net profit of Rs.97.302
millions in the previous year ended on 31st March, 2012. The Company
has made provision for taxation of Rs.3.100 millions as against Rs.31.167
millions provided for in the preceding year.
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
i) Income Tax |
154.876 |
-- |
FIXED ASSETS:
· Land
Buildings
Plant
and Machinery
Computers
Furniture
and Fixtures
Motor
Vehicles
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 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.60.19 |
|
|
1 |
Rs.103.14 |
|
Euro |
1 |
Rs.81.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.