MIRA
INFORM REPORT
|
Report Date : |
17.07.2014 |
IDENTIFICATION DETAILS
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Name : |
VICTORA TOOL ENGINEERS PRIVATE LIMITED |
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Registered
Office : |
C-124B, Greater Kailash-1, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
08.03.2006 |
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Com. Reg. No.: |
55-147240 |
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Capital
Investment / Paid-up Capital : |
Rs. 15.432
Millions |
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CIN No.: [Company Identification
No.] |
U34300DL2006PTC147240 |
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PAN No.: [Permanent Account No.] |
AACCV2097H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Sheet Metal Components, Dies, Tools and Panel Checkers
and their Tooling. |
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No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (47) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 3400000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Rating reflects sound financial risk profile marked by decent
liquidity position of the company and improvement in performance as compared
to previous year. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered 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) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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. Sachin Bansal |
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Designation : |
Accounts Department |
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Contact No.: |
91-129-2230504 |
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Date : |
15.07.2014 |
LOCATIONS
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Registered/ Head Office : |
C-124B, Greater Kailash-1, New Delhi – 110048, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory 1 : |
Plot No. 46, Sector 25, Faridabad – 121004, Haryana, India |
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Tel. No.: |
91-129-4192800 [100 lines] |
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Fax No.: |
91-129-2230504 |
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E-Mail : |
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Factory 2 : |
Plot No. 4, 16 and 17, Sector – 1B, Sidcul, Haridwar, Uttaranchal, India |
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Tel. No.: |
91-1334-233699/ 233700 |
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Factory 3 : |
Located at: · Manesar, Haryana, India |
DIRECTORS
AS ON 25.09.2013
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Name : |
Gambhir Singh Banga |
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Designation : |
Managing director |
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Address : |
H.N.1189 Sector-15, Faridabad, Haryana, India |
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Date of Birth/Age : |
08.02.1933 |
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Date of Appointment : |
08.03.2006 |
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PAN No.: |
ABQPB7775G |
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DIN No.: |
01632425 |
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Other Directorship :
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Name : |
Hardeep Singh Banga |
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Designation : |
Director |
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Address : |
H.No.1189, Sector-15, Faridabad, Haryana, India |
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Date of Birth/Age : |
29.08.1964 |
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Date of Appointment : |
08.03.2006 |
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PAN No.: |
AFAPB0201R |
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DIN No.: |
00393643 |
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Other Directorship :
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Name : |
Satinder Singh Banga |
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Designation : |
Director |
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Address : |
H.N.1173 Sector-15, Faridabad, Haryana, India |
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Date of Birth/Age : |
11.11.1958 |
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Date of Appointment : |
08.03.2006 |
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PAN No.: |
AFAPB6351E |
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DIN No.: |
00393620 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Sachin Bansal |
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Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.09.2013
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Names of Shareholders |
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No. of Shares |
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Gambhir Singh Banga |
|
1059418 |
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Hardeep Singh Banga |
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25418 |
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Satinder Singh Banga |
|
27068 |
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Victora Fintrade
Private Limited, India |
|
257415 |
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Maurill Industries Limited,
Mauritius |
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14462 |
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Victora Stock-Invest Private
Limited, India |
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146600 |
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Harjinder Kaur
Banga |
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10 |
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Sanjit Kaur Banga |
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10 |
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Jitender Kaur Banga |
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10 |
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Satbir Singh Banga |
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10 |
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Harbir Singh Banga |
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10 |
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Sebros Investments Private
Limited, India |
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12790 |
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Total |
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1543221 |
AS ON 16.06.2014
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Names of Allottee |
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No. of Shares |
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Satinder Singh Banga |
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10639 |
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Total |
|
10639 |
AS ON 25.09.2013
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Equity Share Breakup |
Percentage of Holding |
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Category |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
0.94 |
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Bodies
corporate |
27.01 |
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Directors
or relatives of directors |
72.05 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Sheet Metal Components, Dies, Tools and Panel Checkers
and their Tooling. |
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Terms : |
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Selling : |
Cash, Cheque and Credit |
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Purchasing : |
Cash, Cheque and Credit |
GENERAL INFORMATION
|
Customers : |
Others · Maruti Suzuki India Limited Schindler India Private Limited Tokai Rubber Auto Parts India F.C.C. Rico Limited Rane NSK Steerin Systems Limited Tenneco Automotive Satyam Auto
Components Limited Haldex Eberspacher Limited |
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
· HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India · Small Industries Development Bank of India NH.5-R/2, Neelam Badshah Khan Road, NIT, Faridabad - 121001, Haryana, India · State Bank of Patiala MID Corporate Branch, Om Shubham Tower, NIT, Faridabad - 121002, Haryana, India · ING Vysya Bank Limited 5 E -1, NIT, Ground Floor, Railway Road, Fariadbad - 121001, Haryana, India Kotak Mahindra Bank Limited 7th Floor, Ambadeep Building, 14, K. G. Marg, New Delhi, Delhi - 400021, India · ICICI Bank Limited Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India Axis Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Kumar Sanjay and Associates Chartered Accountants |
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Address : |
SCF-32, Sector-16A, Faridabad, Haryana, India |
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Income-tax
PAN of auditor or auditor's firm : |
ACUPK0608E |
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Associates : |
· Advantech India Private Limited [U34102HR1996PTC033057] Victora Fintrade Private Limited [U67120WB1996PTC076714] Victora Continental
Private Limited [U18101DL2002PTC117876] Victora Auto Parts
Private Limited [U34300DL2003PTC121254] Victora Auto Private
Limited [U34300DL1991PTC203627] |
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Other Related Parties : |
· Banga Udyog Victora Automotive
Inc |
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Subsidiary Company : |
Victora Hospitalities Private Limited [U55101DL2007PTC163798] |
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Enterprises over
which Key Management Personnel are able to exercise significant influence : |
· Victora Automotive Inc. (Partnership Firm) Victora Trading
International Private Limited Panshil Electro
Private Limited Victora Stock Invest
Private Limited Banga Tool
Engineers Private Limited Victora Component
Private Limited |
CAPITAL STRUCTURE
AFTER 25.09.2013
Authorised Capital : Rs. 80.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 19.797 Millions
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,543,221 |
Equity Shares |
Rs. 10/- each |
Rs. 15.432
Millions |
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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 |
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(1)Shareholders' Funds |
|
|
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(a) Share Capital |
15.432 |
15.432 |
15.288 |
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(b) Reserves & Surplus |
777.929 |
742.487 |
684.489 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
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(2) Share Application money
pending allotment |
66.550 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
859.911 |
757.919 |
699.777 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
282.618 |
234.614 |
103.860 |
|
(b) Deferred tax liabilities (Net) |
19.484 |
13.753 |
8.789 |
|
(c) Other long
term liabilities |
3.200 |
3.200 |
8.539 |
|
(d) long-term
provisions |
5.023 |
3.551 |
0.000 |
|
Total Non-current
Liabilities (3) |
310.325 |
255.118 |
121.188 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
250.762 |
302.478 |
283.706 |
|
(b)
Trade payables |
458.627 |
382.660 |
196.298 |
|
(c)
Other current liabilities |
143.281 |
122.375 |
118.208 |
|
(d) Short-term
provisions |
25.143 |
18.400 |
13.999 |
|
Total Current
Liabilities (4) |
877.813 |
825.913 |
612.211 |
|
|
|
|
|
|
TOTAL |
2048.049 |
1838.950 |
1433.176 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
598.046 |
508.010 |
416.863 |
|
(ii)
Intangible Assets |
4.779 |
3.261 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
81.540 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
683.372 |
574.622 |
540.172 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.332 |
5.432 |
6.402 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1291.529 |
1172.865 |
963.437 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
409.568 |
362.019 |
240.908 |
|
(c)
Trade receivables |
245.275 |
247.485 |
139.400 |
|
(d) Cash
and cash equivalents |
15.260 |
7.004 |
20.261 |
|
(e)
Short-term loans and advances |
86.417 |
49.556 |
69.105 |
|
(f)
Other current assets |
0.000 |
0.021 |
0.065 |
|
Total
Current Assets |
756.520 |
666.085 |
469.739 |
|
|
|
|
|
|
TOTAL |
2048.049 |
1838.950 |
1433.176 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
2495.195 |
1960.165 |
1566.029 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
2365.853 |
1862.360 |
1480.294 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
129.342 |
97.805 |
85.735 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
75.894 |
57.640 |
48.040 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
53.448 |
40.165 |
37.695 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
17.862 |
13.069 |
10.119 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
35.586 |
27.096 |
27.576 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.000 |
0.058 |
0.000 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
67.062 |
35.269 |
24.092 |
|
|
|
Machinery |
0.000 |
135.237 |
66.062 |
|
|
TOTAL IMPORTS |
67.062 |
170.506 |
90.154 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
23.06 |
17.56 |
18.04 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
2680.000 |
|
|
|
|
|
The above information has been parted by Mr. Sachin
Bansal [Accounts Department]
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.43 |
1.38 |
1.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.92 |
3.40 |
4.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.05 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.62 |
0.71 |
0.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.86 |
0.81 |
0.77 |
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 |
15.288 |
15.432 |
15.432 |
|
Reserves & Surplus |
684.489 |
742.487 |
777.929 |
|
Share Application money pending allotment |
0.000 |
0.000 |
66.550 |
|
Net
worth |
699.777 |
757.919 |
859.911 |
|
|
|
|
|
|
long-term borrowings |
103.860 |
234.614 |
282.618 |
|
Short term borrowings |
283.706 |
302.478 |
250.762 |
|
Total
borrowings |
387.566 |
537.092 |
533.380 |
|
Debt/Equity ratio |
0.554 |
0.709 |
0.620 |
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) |
|
Total Income |
1566.029 |
1960.165 |
2495.195 |
|
|
|
25.168 |
27.295 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
1566.029 |
1960.165 |
2495.195 |
|
Profit |
27.576 |
27.096 |
35.586 |
|
|
1.76% |
1.38% |
1.43% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
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 |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
Yes |
|
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 |
10475759 |
10/12/2013 |
2,216,170.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B95560314 |
|
2 |
10464434 |
10/12/2013 |
10,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
NH.5-R/2, NEELAM
BADSHAH KHAN ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
B91230524 |
|
3 |
10453881 |
17/10/2013 |
9,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
NH.5-R/2, NEELAM
BADSHAH KHAN ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
B87042958 |
|
4 |
10453822 |
23/09/2013 |
5,450,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B87026423 |
|
5 |
10435805 |
09/07/2013 |
6,500,000.00 |
SMALL INDUSTRIAL
DEVELOPMENT BANK OF INDIA |
NH.5-R/2, NEELAM
BADSHAH KHAN ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
B79183836 |
|
6 |
10423076 |
08/05/2013 * |
100,000,000.00 |
STATE BANK OF
PATIALA |
MID CORPORATE
BRANCH, OM SHUBHAM TOWER, NIT, FARIDABAD, HARYANA - 121002, INDIA |
B75403527 |
|
7 |
10406377 |
21/02/2013 |
10,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
NH.5-R/2, NEELAM
BADSHAH KHAN ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
B68951920 |
|
8 |
10384465 |
12/02/2013 * |
147,800,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
7TH FLOOR,
AMBADEEP BUILDING, 14, K. G. MARG, NEW |
B68618099 |
|
9 |
10373498 |
31/08/2012 |
7,500,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
NH-5-R/2, NEELAM
BADSHAH KHAN ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
B56809155 |
|
10 |
10361174 |
20/06/2012 |
8,480,000.00 |
INTEC CAPITAL
LIMITED |
701,MANJUSHA, 57
NEHRU PLACE, NEW DELHI, DELHI - |
B41846692 |
|
11 |
10339124 |
06/02/2012 |
775,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B33681396 |
|
12 |
10332541 |
30/01/2012 |
15,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
N.H-5-R/2,
NEELAM BADSHAH ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
B30812465 |
|
13 |
10329748 |
09/01/2012 |
17,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
N.H-5-R/2,
NEELAM BADSHAH ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
B29884822 |
|
14 |
10325965 |
24/12/2011 |
4,749,000.00 |
CANARA BANK |
8A, NEHRU
GROUND, NIT, FARIDABAD, HARYANA - 12100 |
B28960011 |
|
15 |
10311196 |
19/09/2011 |
16,328,589.00 |
L&T FINANCE
LIMITED |
L&T HOUSE,
N.M. MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
B22945208 |
|
16 |
10304886 |
07/09/2011 |
6,500,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
NH-5-R/2, NEELAM
BADSHAH KHAN ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
B19908516 |
|
17 |
10293035 |
04/06/2011 |
221,832.00 |
CANARA BANK |
8A, NEHRU
GROUND, NIT, FARIDABAD, HARYANA - 121001, INDIA |
B15298995 |
|
18 |
10286314 |
23/05/2011 |
20,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
N.H-5-R/2,
NEELAM BADSHAH KHAN ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
B12761359 |
|
19 |
10279905 |
20/04/2011 |
7,500,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
N.H-5-R/2,
NEELAM BADSHAH ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
B10492882 |
|
20 |
10276890 |
06/04/2011 |
5,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
NH-5-R/2, NEELAM
BADSHAH KHAN ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
B09564766 |
|
21 |
10258842 |
30/12/2010 |
7,500,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
NH-5-R/2, NEELAM
BADSHAH KHAN ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
B02400869 |
|
22 |
10236426 |
03/09/2010 |
7,500,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
NH-5-R/2, NEELAM
BADSHAH KHAN ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
A93387868 |
|
23 |
10240189 |
01/09/2010 |
1,089,561.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A94776432 |
|
24 |
10235607 |
21/10/2010 * |
30,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
NH-5-R/2, NEELAM
BADSHAH KHAN ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
A98016025 |
|
25 |
10235647 |
25/08/2010 |
9,400,000.00 |
RELIGARE FINVEST
LIMITED |
D3, P3B,
DISTRICT CENTRE, SAKET, NEW DELHI, DELHI - 110017, INDIA |
A92921899 |
|
26 |
10235606 |
21/10/2010 * |
137,600,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
NH-5-R/2, NEELAM
BADSHAH KHAN ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
A96725627 |
|
27 |
10233642 |
13/08/2010 |
1,700,000.00 |
CANARA BANK |
8A, NEHRU
GROUND, NIT, FARIDABAD, HARYANA - 121001, INDIA |
A91666974 |
|
28 |
10229752 |
29/06/2010 |
10,600,000.00 |
RELIGARE FINVEST
LIMITED |
D3, P3B,,
DISTRICT CENTRE, SAKET, NEW DELHI, DELHI - 110017, INDIA |
A89655609 |
|
29 |
10233010 |
15/06/2010 |
755,048.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A91242255 |
|
30 |
10199254 |
15/02/2014 * |
241,000,000.00 |
STATE BANK OF
PATIALA |
STATE BANK OF
PATIALA, SHUBHAM COMPLEX, NEELAM BATA ROAD, NIT, FARIDABAD, HARYANA - 121002,
INDIA |
C02223535 |
|
31 |
10199255 |
23/05/2012 * |
109,400,000.00 |
STATE BANK OF
PATIALA |
MID CORPORATE
BRANCH, SHUBHAM COMPLEX, NEELAM BATA ROAD, NIT, FARIDABAD, HARYANA - 121002,
INDIA |
B39874557 |
|
32 |
10179798 |
16/09/2009 |
45,000,000.00 |
CANARA BANK |
8A, NEHRU
GROUND, NIT, FARIDABAD, HARYANA - 121001, INDIA |
A71349518 |
|
33 |
10179859 |
09/09/2009 |
20,000,000.00 |
CANARA BANK |
8A, NEHRU
GROUND, NIT, FARIDABAD, HARYANA - 121001, INDIA |
A71351100 |
|
34 |
10162956 |
20/05/2009 |
976,550.00 |
CANARA BANK |
8A, NEHRU
GROUND, NIT, FARIDABAD, HARYANA - 121001, INDIA |
A64265044 |
|
35 |
10150261 |
27/03/2009 |
5,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
N. H. 5-R/2,
NEELAM BADSHAH KHAN ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
A59878488 |
|
36 |
10150844 |
17/03/2009 |
2,300,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
N.H. 5-R/2,
NEELAM BADSHAH KHAN ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
A60090297 |
|
37 |
10137097 |
30/12/2008 |
5,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
N. H. 5-R/2, NEELAM
BADSHAH KHAN ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
A54428164 |
|
38 |
10117422 |
04/08/2008 |
25,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
N.H. 5-R/2,
NEELAM BADSHAH KHAN ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
A43730290 |
|
39 |
10105841 |
29/05/2008 |
10,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
NH 5-R/2, NEELAM
BADSHAH KHAN ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA |
A39771373 |
|
40 |
10098843 |
31/01/2008 |
17,500,000.00 |
CANARA BANK |
8A, NEHRU
GROUND, NIT, FARIDABAD, HARYANA - 121001, INDIA |
A36821106 |
|
41 |
10098841 |
27/12/2007 |
15,000,000.00 |
CANARA BANK |
8A, NEHRU
GROUND, NIT, FARIDABAD, HARYANA - 121001, INDIA |
A36818870 |
|
42 |
10078620 |
12/12/2007 |
10,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
SIDBI TOWER, 15,
ASHOK MARG, LUCKNOW, UTTAR PRADE |
A28288041 |
|
43 |
10049451 |
13/03/2007 |
20,000,000.00 |
CANARA BANK |
8A, NEHRU
GROUND, NIT, FARIDABAD, HARYANA - 121001, INDIA |
A13122387 |
|
44 |
10041030 |
20/02/2007 |
7,500,000.00 |
ING VYSYA BANK
LIMITED |
5 E -1, NIT,
GROUND FLOOR, RAILWAY ROAD, FARIADBAD, HARYANA - 121001, INDIA |
A11947850 |
|
45 |
10038726 |
12/02/2007 |
2,500,000.00 |
CANARA BANK |
8A, NEHRU
GROUND, NIT, FARIDABAD, HARYANA - 121001, INDIA |
A11206497 |
|
46 |
10035198 |
19/01/2007 |
12,500,000.00 |
CANARA BANK |
8A, NEHRU
GROUND, NIT, FARIDABAD, HARYANA - 121001, INDIA |
A10177566 |
|
47 |
10024249 |
18/10/2006 |
36,700,000.00 |
ING VYSYA BANK
LIMITED |
5 E -1,
NIT,GROUND FLOOR, RAILWAY ROAD,FARIADBAD, |
A06044515 |
|
48 |
10024261 |
14/02/2013 * |
303,937,000.00 |
ING VYSYA BANK
LIMITED |
5 E -1, NIT,
GROUND FLOOR, RAILWAY ROAD, FARIADBAD, HARYANA - 121001, INDIA |
B68963651 |
|
49 |
10013120 |
27/07/2006 |
24,500,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
HEAD OFFICE,
SIDBI TOWER, 15, ASHOK MARG, LUCKNOW, UTTAR PRADESH - 226001, INDIA |
A02809051 |
|
50 |
90058333 |
14/06/2010 * |
350,000,000.00 |
CANARA BANK |
8A, NEHRU
GROUND, NIT, FARIDABAD, HARYANA - 121001, INDIA |
A89034946 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs. In Millions) |
31.03.2012 (Rs. In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
20.432 |
24.493 |
|
Rupee term loans from others |
2.748 |
9.754 |
|
Loans and advances from related parties |
57.634 |
33.514 |
|
|
|
|
|
Total |
80.814 |
67.761 |
OPERATION
The company has achieved satisfactory results during the
year as compared to last financial year. Sales and profit before tax are
increased 27.79% and 31.33%, respectively, as compared to last financial year.
CONTINGENT
LIABILITIES [AS ON 31.03.2013]:
Claim against the
company not acknowledge as debts by the company are:-
a) Company has given the Bank Guarantee of Rs.10.600 Millions in favour of Maruti Suzuki India Limited and of Rs.2.450 Millions in favour of Custom Department from State Bank of Patiala. (Previous Year Bank Guarantee Rs.2.450 Millions in favout of Custom Department)
b) Company has given the Corporate Guarantee to the Financial Institutions SIDBI and TFCI on behalf of its subsidiary Company Victora Hospitalities Private Limited for availing Term Loan of Rs.365.000 Millions and Rs.330.000 Millions respectively. (Previous Year corporate guarantee Rs.695.000 Millions)
c) Company has deposited Rs.9.400 Millions with excise department against the disputed demand. The matter is under adjudication at appropriate level.
FIXED ASSETS:
· Land
Buildings
Plant
and equipment
Vehicles
Office
equipment
Computer
equipments
Other
equipments
Computer
software
Copyrights,
patents and other operating rights
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 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 : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.