MIRA
INFORM REPORT
|
Report Date : |
21.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
THE INDURE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Indure House, Greater Kailash-II, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
22.04.1970 |
|
|
|
|
Com. Reg. No.: |
55-005272 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 48.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1970PTC005272 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELI00216G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT0121C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Pumps, Valves, ERW Pipes, Programmable
Logic Control and Basalt Cylinders and also Manufactures Ash Handling Systems
and Power Station Spare Parts. |
|
|
|
|
No. of Employees
: |
800 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Financial position of the company seems to be decent. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct 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.
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 PARTED BY
|
Name : |
Mr. Yogesh Sinha |
|
Designation : |
General Manager in HR |
|
Contact No.: |
91-11-41891597 |
|
Date : |
19.07.2014 |
LOCATIONS
|
Registered/ Head Office : |
Indure House, Greater Kailash-II, New Delhi – 110048, India |
|
Tel. No.: |
91-11-41891400/ 29213762 |
|
Fax No.: |
91-11-29218393/ 29219566 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Sahibabad, Uttar Pradesh, India |
|
|
|
|
Factory 2 : |
Secunderbad, Andhra Pradesh, India |
|
|
|
|
Branch Offices : |
Located at: · Hyderabad Kolkata Vadodara Mumbai Bengaluru |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Mr. Narendra Prakash Gupta |
|
Designation : |
Managing director |
|
Address : |
W – 20, Greater Kailash – II, New Delhi – 110048, India |
|
Date of Appointment : |
01.04.2004 |
|
PAN No.: |
ADVPG9979J |
|
DIN No.: |
00455587 |
|
|
|
|
Name : |
Mr. Anant Gupta |
|
Designation : |
Managing director |
|
Address : |
W – 20, Greater Kailash – II, New Delhi – 110048, India |
|
Date of Appointment : |
31.03.1994 |
|
PAN No.: |
AADPG2028B |
|
DIN No.: |
00455983 |
|
|
|
|
Name : |
Ms. Nidhi Gupta |
|
Designation : |
Director |
|
Address : |
W – 20, Greater Kailash – II, New Delhi – 110048, India |
|
Date of Appointment : |
19.02.2001 |
|
DIN No.: |
00456103 |
|
|
|
|
Name : |
Ms. Bhavna Gupta |
|
Designation : |
Director |
|
Address : |
W – 20, Greater Kailash – II, New Delhi – 110048, India |
|
Date of Appointment : |
01.03.2003 |
|
PAN No.: |
AAHPG3232D |
|
DIN No.: |
01484132 |
|
|
|
|
Name : |
Mr. Chander Gupta |
|
Designation : |
Director |
|
Address : |
874, Pocket B and C, Sector A Vasant Kunj, New Delhi - 110070,
India |
|
Date of Birth/Age : |
12.01.1951 |
|
Qualification : |
M. Tech. |
|
Experience : |
47 Years |
|
Date of Appointment : |
30.09.2010 |
|
PAN No.: |
AAAPG1753G |
|
DIN No.: |
00497837 |
|
|
|
|
Name : |
Mr. Atul Kumar Garg |
|
Designation : |
Director |
|
Date of Appointment : |
16.03.2002 |
|
PAN No.: |
ACTPG0284H |
|
DIN No.: |
00497260 |
|
|
|
|
Name : |
Mr. Anil Gulati |
|
Designation : |
Director |
|
Address : |
D-76 Kalkaji, New Delhi - 110019, India |
|
Date of Birth/Age : |
04.04.1955 |
|
Date of Appointment : |
10.03.2011 |
|
DIN No.: |
01618557 |
|
|
|
|
Name : |
Mr. Eric James Oakes |
|
Designation : |
Director |
|
Date of Appointment : |
26.05.2010 |
|
DIN No.: |
03093329 |
|
|
|
|
Name : |
Mr. Krishna Kumar Pillai |
|
Designation : |
Director |
|
Date of Appointment : |
30.06.2010 |
|
DIN No.: |
03136224 |
|
|
|
|
Name : |
Naga Sai Yelkur |
|
Designation : |
Additional director |
|
Address : |
Flat No. 630, Gaur Galaxy, Plot No. 5, Sector-5, Vaishali, Ghaziabad -
201010, Uttar Pradesh, India |
|
Date of Birth/Age : |
29.04.1954 |
|
Date of Appointment : |
28.09.2012 |
|
PAN No.: |
AAIPY0592R |
|
DIN No.: |
05273807 |
|
|
|
|
Name : |
Mr. Shan Singh |
|
Designation : |
Additional director |
|
Address : |
564, Abhinav Apartment, B-12, Vasundhara Enclave, Delhi - 110096,
India |
|
Date of Birth/Age : |
05.02.1949 |
|
Date of Appointment : |
28.09.2012 |
|
PAN No.: |
ACLPS1502J |
|
DIN No.: |
05273845 |
|
|
|
|
Name : |
Mr. Kamal Bhasin |
|
Designation : |
Director |
|
Date of Appointment : |
14.12.2012 |
|
PAN No.: |
AAHPB5208J |
|
DIN No.: |
06468290 |
KEY EXECUTIVES
|
Name : |
Mr. Yogesh Sinha |
|
Designation : |
General Manager in HR |
|
|
|
|
Name : |
Mr. Chander Gupta |
|
Designation : |
Secretary |
|
Address : |
874, Pocket B and C, Sector A Vasant Kunj, New Delhi - 110070,
India |
|
Date of Birth/Age : |
12.01.1951 |
|
Date of Appointment : |
31.12.1977 |
|
PAN No.: |
AAAPG1753G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
N P Gupta |
|
346213 |
|
Anant Gupta |
|
6810 |
|
Nidhi Gupta |
|
2280 |
|
Bhavna Gupta |
|
7500 |
|
Avichal Gupta U/G Anant Gupta |
|
15000 |
|
N.P. Gupta (HUF) |
|
1662 |
|
Progect |
|
2160 |
|
Desein Private Limited, India |
|
15480 |
|
Energy Engg. Private Limited, India |
|
81000 |
|
R C Aggarwal |
|
832 |
|
V K Gupta |
|
533 |
|
Vijay Lakshmi Gupta |
|
250 |
|
Sarla Batra |
|
280 |
|
|
|
|
|
Total |
|
480000 |
AS ON 27.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
21.00 |
|
Directors
or relatives of directors |
79.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Pumps, Valves, ERW Pipes, Programmable Logic
Control and Basalt Cylinders and also Manufactures Ash Handling Systems and
Power Station Spare Parts. |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
· Germany |
GENERAL INFORMATION
|
No. of Employees : |
800 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· Indian Overseas Bank 14-15, Farm Bhawan, Nehru Place, New Delhi - 110019, Delhi, India · HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India · Canara Bank Prime Corporate Branch-I, DDA Building, Nehru Place, New Delhi - 110019, Delhi, India · Axis Bank Limited Trishul 3rd Floor Opposite Samartheshwar Temple, Law Garden
Ellisbridge, Ahmedabad, Gujarat - 380006, India · ICICI Bank Limited Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· SREI Equipment Finance Limited 'Vishwakarma', 86C, Topsia Road, Kolkata, West Bengal - 700046, India |
|
|
|
|
Auditors : |
|
|
Name : |
R. Khattar and Associates Chartered Accountants |
|
Address : |
N-17,
Annexe, Flats 1st and 2nd, Floor Green, Park Ext, New Delhi –
110016, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAHFR4693K |
|
|
|
|
Group Company : |
· Desein Singapore Pte Limited |
|
|
|
|
Associate |
· Desein Private Limited [U74899DL1970PTC005474] Desein Beiz Technik Private Limited [U74899DL1984PTC018780] Desein International Private Limited [U74899DL2001PTC109073] Desein Dot Ventures Private Limited [U72900DL2000PTC105167] Sophos Engineering Private Limited [U74899DL1982PTC013875] Albatross Travels Private Limited [U74899DL1996PTC084147] India Power Partners Private Limited [U74899DL1994PTC057610] Mandya Power Partners Private Limited [U74899DL1995PTC073211] The Indmac India Private Limited [U74899DL1971PTC005882] Energy Engineers Private Limited [U74899DL1980PTC014208] |
|
|
|
|
Subsidiary
company : |
· Indure Fabrication and Ser. Private Limited [U74899DL1989PTC035312] Indure Louise Private Limited [U74899DL1989PTC035314] Montealto Indure Energy Private Limited [U40200DL2011PTC221441] OPG Computer Aided Design Limited [U73100DL1982PTC013716] |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,499,000 |
Equity Shares |
Rs. 100/- each |
Rs. 249.900 Millions |
|
1,000 |
Preference Shares |
Rs. 100/- each |
Rs. 0.100 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 250.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
480,000 |
Equity Shares |
Rs. 100/- each |
Rs. 48.000
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 |
48.000 |
48.000 |
48.000 |
|
(b) Reserves & Surplus |
1511.468 |
1287.850 |
1033.137 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1559.468 |
1335.850 |
1081.137 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
138.888 |
147.628 |
139.883 |
|
(b) Deferred tax liabilities (Net) |
14.678 |
15.234 |
9.654 |
|
(c) Other long
term liabilities |
2673.518 |
2168.858 |
2240.848 |
|
(d) long-term
provisions |
32.301 |
25.441 |
28.063 |
|
Total Non-current
Liabilities (3) |
2859.385 |
2357.161 |
2418.448 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1668.897 |
1364.788 |
1005.464 |
|
(b)
Trade payables |
3603.176 |
2577.576 |
2101.078 |
|
(c)
Other current liabilities |
503.682 |
448.254 |
344.290 |
|
(d) Short-term
provisions |
382.639 |
675.118 |
553.147 |
|
Total Current
Liabilities (4) |
6158.394 |
5065.736 |
4003.979 |
|
|
|
|
|
|
TOTAL |
10577.247 |
8758.747 |
7503.564 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible
assets |
598.046 |
495.473 |
412.356 |
|
(ii)
Intangible Assets |
26.527 |
17.728 |
14.444 |
|
(iii)
Capital work-in-progress |
3.398 |
33.315 |
49.027 |
|
(iv)
Intangible assets under development |
0.000 |
9.835 |
0.000 |
|
(b) Non-current Investments |
14.685 |
7.402 |
4.747 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
42.875 |
33.667 |
34.908 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
685.531 |
597.420 |
515.482 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
495.861 |
557.497 |
396.053 |
|
(c)
Trade receivables |
6253.972 |
4892.237 |
4007.425 |
|
(d) Cash
and cash equivalents |
1172.749 |
1152.598 |
1347.081 |
|
(e)
Short-term loans and advances |
1969.134 |
1558.995 |
1237.523 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
9891.716 |
8161.327 |
6988.082 |
|
|
|
|
|
|
TOTAL |
10577.247 |
8758.747 |
7503.564 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
9350.200 |
7484.500 |
6653.900 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
453.320 |
480.147 |
451.685 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
108.203 |
89.504 |
61.581 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
345.117 |
390.643 |
390.104 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
113.131 |
128.162 |
132.446 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
231.986 |
262.481 |
257.658 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
9.525 |
0.412 |
1.122 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
198.972 |
245.000 |
250.000 |
|
|
|
Proposed Dividend |
7.200 |
7.200 |
7.200 |
|
|
|
Tax on Dividend |
1.168 |
1.168 |
1.168 |
|
|
BALANCE CARRIED
TO THE B/S |
34.171 |
9.525 |
0.412 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Exports at FOB value |
49.498 |
17.613 |
16.737 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Components, Stores & spares |
507.327 |
452.443 |
210.233 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
483.30 |
546.84 |
536.79 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
7000.000 |
|
|
|
|
|
The above information has been parted by Mr. Yogesh Sinha [General
Manager in HR]
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.27 |
4.49 |
5.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.29 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.16 |
1.13 |
1.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.61 |
1.61 |
1.75 |
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 |
48.000 |
48.000 |
48.000 |
|
Reserves & Surplus |
1033.137 |
1287.850 |
1511.468 |
|
Net
worth |
1081.137 |
1335.850 |
1559.468 |
|
|
|
|
|
|
long-term borrowings |
139.883 |
147.628 |
138.888 |
|
Short term borrowings |
1005.464 |
1364.788 |
1668.897 |
|
Total
borrowings |
1145.347 |
1512.416 |
1807.785 |
|
Debt/Equity ratio |
1.059 |
1.132 |
1.159 |
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) |
|
Turnover |
6653.900 |
7484.500 |
9350.200 |
|
|
|
12.483 |
24.928 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Turnover |
6653.900 |
7484.500 |
9350.200 |
|
Profit |
257.658 |
262.481 |
231.986 |
|
|
3.87% |
3.51% |
2.48% |
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 |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
10486583 |
15/03/2014 |
2,750,000.00 |
SREI EQUIPMENT
FINANCE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
C01052976 |
|
2 |
10488133 |
05/03/2014 |
100,000,000.00 |
CANARA BANK |
CANARA BANK, DDA
BUILDING, NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
C02360618 |
|
3 |
10474265 |
31/12/2013 |
1,800,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B94965811 |
|
4 |
10463496 |
20/11/2013 |
50,000,000.00 |
INDIAN OVERSEAS
BANK |
14-15, FARM
BHAWAN, NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
B90846734 |
|
5 |
10448737 |
21/08/2013 |
2,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B84819853 |
|
6 |
10434446 |
04/06/2013 |
1,300,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B78550910 |
|
7 |
10416471 |
10/03/2013 |
1,915,400.00 |
AXIS BANK
LIMITED |
TRISHUL 3RD
FLOOR OPP SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD, GUJARAT -
380006, INDIA |
B72214091 |
|
8 |
10385981 |
16/10/2012 |
4,606,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B61900940 |
|
9 |
10377254 |
16/08/2012 |
1,088,195.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B58396920 |
|
10 |
10373168 |
01/08/2012 |
41,258,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B56648850 |
|
11 |
10312723 |
29/09/2011 |
200,000,000.00 |
CANARA BANK
PRIME CORPORATE BRANCH-I |
DDA BUILDING, NEHRU
PLACE, NEW DELHI, DELHI - 110019, INDIA |
B23388762 |
|
12 |
10218506 |
09/11/2009 |
150,000,000.00 |
CANARA BANK |
PCB-I, G/F,
ANSAL TOWERS, 38-NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
A78293404 |
|
13 |
10140111 |
18/12/2008 |
2,003,400,000.00 |
SYNDICATE BANK |
CORPORATE
FINANCE BRANCH, SAROJANI HOUSE, 6 BHAGWAN DASS ROAD, NEW DELHI, DELHI -
110001, INDIA |
A55850390 |
|
14 |
10140157 |
18/12/2008 |
2,003,400,000.00 |
SYNDICATE BANK |
CORPORATE FINANCE
BRANCH, SAROJANI HOUSE, 6 BHAGWAN DASS ROAD, NEW DELHI, DELHI - 110001, INDIA |
A55849954 |
|
15 |
10127496 |
22/09/2008 |
40,000,000.00 |
CANARA BANK |
D.D.A. BUILDING,
NEAR PARAS CINEMA, NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
A49574841 |
|
16 |
10124332 |
02/09/2008 |
670,000,000.00 |
CANARA BANK |
D.D.A. BUILDING,
NEAR PARAS CINEMA, NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
A47513403 |
|
17 |
10124330 |
02/09/2008 |
843,700,000.00 |
CANARA BANK |
D.D.A. BUILDING,
NEAR PARAS CINEMA, NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
A47512595 |
|
18 |
10064819 |
09/07/2007 |
27,500,000.00 |
THE BANK OF
MAHARASHTRA LIMITED |
M-16, M-BLOCK,
GREATER KAILASH - II, NEW DELHI, |
A21642822 |
|
19 |
90051688 |
11/07/2005 * |
614,750,000.00 |
CANARA BANK |
NEHRU PLACE, NEW
DELHI, DELHI - 110019, INDIA |
- |
|
20 |
90050486 |
19/03/2004 |
565,000,000.00 |
SYNDICATE BANK |
CORPORATION
FINANCE BRANCH, R.K. PURAM, NEW DELHI, DELHI, INDIA |
- |
|
21 |
90049521 |
17/02/2014 * |
18,329,400,000.00 |
CANARA BANK
(LEAD BANK) |
PCB-1, D.D.A.
BUILDING, NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
B98918824 |
|
22 |
80065470 |
21/09/1992 * |
450,000,000.00 |
CANARA BANK |
NEHRU PLACE, , NEW
DELHI, DELHI -110019, INDIA |
- |
* 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 others |
25.500 |
25.500 |
|
|
|
|
|
Total |
25.500 |
25.500 |
NATURE OF OPERATIONS
Subject is engaged in the manufacture and sale of complete
range of ‘Ash Handling Equipments’ and in the development of ‘Ash Handling Systems’
in India and outside India . The Company was incorporated in 1970.
OPERATIONS
The company achieved a turnover of Rs. 9350.200 Millions as
against Rs. 7484.500 Millions of previous year.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
Outstanding bank guarantees |
10071.348 |
9048.391 |
|
In respect of the following demands pending disposal of
appeals: |
|
|
|
Sales tax |
|
|
|
Sales Tax demand for the year 1988-89, 1999-2000, 2000-01,
and 2004-05,2007-08, 2008-09 and 2009-10 against which the company has gone
on appeal. |
5.041 |
9.999 |
|
Claims against the Company not acknowledged as debts. |
105.997 |
12.090 |
|
The demands are raised by relevant appellate authorities,
against which the Company has gone in appeal. Management is of the view,
based on judicial pronouncements, that the Company’s claims are likely to be
accepted by various appellate authorities and therefore these liabilities are
not probable and need not to be provided for. |
|
|
FIXED ASSETS:
· Land
Buildings
Plant
and equipment
Furniture
and fixtures
Vehicles
Office
equipment
Computer
equipments
Computer
software
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. 60.33 |
|
|
1 |
Rs. 103.18 |
|
Euro |
1 |
Rs. 81.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared by
: |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
|
50 |
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.