MIRA INFORM REPORT
|
Report Date : |
02.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
CMS COMPUTERS LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
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|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.02.1980 |
|
|
|
|
Com. Reg. No.: |
11-022235 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.74.297
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007MH1980PLC022235 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC01573F/ MUMC05245C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC1758L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Providing IT support for government utility services, maintenance and facility management services for biometric attendance systems, supply of Traffic Controllers, EMS, kiosk and technology support for broadcasting and media business and security surveillance. |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 8200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. Company has performed well. Overall financial position of the company is
sound and healthy. Rating also takes into consideration established track record of
promoters in IT services industry. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing 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.
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of 4.9
%, Fitch Rating said. The global rating agency expects the economy to pick up
in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities=BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
24.03.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities=A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
24.03.2014 |
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 : |
Ms. Rachna |
|
Designation : |
Office Executive |
|
Contact No.: |
91-22-41259000 |
|
Date : |
02.06.2014 |
LOCATIONS
|
Registered/ Corporate/ Administration Office : |
|
|
Tel. No.: |
91-22-67489000/ 28216511/ 67489071 / 41259000 |
|
Mobile No.: |
91-9323833043 (Mr. C.P. Jain) |
|
Fax No.: |
91-22-67489001/ 22042734/ 67489000 / 41259001 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
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|
|
|
Branch Office : |
Located at: · Delhi · Jaipur · Bangalore · Chennai · Hyderabad · Thiruvananthapuram · Ahmedabad · Mumbai |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Ms. Aarti Rameshdutt Grover |
|
Designation : |
Director |
|
Address : |
1, Revills, 45 Cuffe Parade, Mumbai – 400005, |
|
Date of Birth/Age : |
06.08.1977 |
|
Qualification : |
MBA |
|
Date of Appointment : |
30.08.2010 |
|
PAN No.: |
AADCR1519O |
|
DIN No.: |
02625342 |
|
|
|
|
Name : |
Mr. Raju Rameshdutt Grover |
|
Designation : |
Director |
|
Address : |
1, Revills, 45 Cuffe Parade, Mumbai – 400005, |
|
Date of Birth/Age : |
08.09.1951 |
|
Qualification : |
BA |
|
Date of Appointment : |
01.08.2009 |
|
DIN No.: |
01584366 |
|
|
|
|
Name : |
Ms. Sona Purshottam Ramchandani |
|
Designation : |
Director |
|
Address : |
A-3, Flat No.12, Plot No. 156, Ideal House, Main Road, Sion (East),
Mumbai – 400022, Maharashtra, India |
|
Date of Birth/Age : |
17.11.1965 |
|
Qualification : |
BA |
|
Date of Appointment : |
06.03.2012 |
|
DIN No.: |
05229003 |
|
|
|
|
Name : |
Ms. Ashwini Chopra |
|
Designation : |
Additional Director |
|
Address : |
708, Dosti Aster, Dosti Acres, Near Antop Hill Bus Depot, Wadala
(East) Mumbai – 400037, Maharashtra India
|
|
Date of Birth/Age : |
03.01.1971 |
|
Date of Appointment : |
15.03.2013 |
|
DIN No. : |
03264345 |
KEY EXECUTIVES
|
Name : |
Mr. Murugesh Rajan Iyer |
|
Designation : |
Secretary |
|
Address : |
901, Morning Glory, Everest World, Kolshet Road, Thane (West) –
400607, Maharashtra, India |
|
Date of Birth/Age : |
30.01.1963 |
|
Date of Appointment : |
10.02.2012 |
|
PAN No.: |
AADPI1487N |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ramesh Dutt Grover* |
|
57263517 |
|
Ramesh Dutt Grover |
|
15993663 |
|
Ramesh Dutt Gover (HUF) |
|
4000000 |
|
Raju Rameshdutt Grover |
|
105240 |
|
Aarti Rameshdutt Grover |
|
4733530 |
|
CMS Traffic Systems Limited, India |
|
10 |
|
CMS – Ident Private Limited, India |
|
10 |
|
CMS Engineering Services Private Limited, India |
|
10 |
|
|
|
|
|
Total |
|
82095980 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
95.13 |
|
Other top fifty shareholders |
4.87 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing IT support for government utility services, maintenance and facility management services for biometric attendance systems, supply of Traffic Controllers, EMS, kiosk and technology support for broadcasting and media business and security surveillance. |
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Products / Services : |
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Brand Names : |
“CMS”. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
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|
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Bankers : |
· Barclays Bank · State Bank of Bikaner and Jaipur · The Dhanalakmi Bank Limited ·
IDBI Bank Limited, Marigold House; Plot No.A-34, Andheri
(West), Mumbai – 400 093, Maharashtra, India ·
IDBI
Bank Limited, 47, Opus Centre, Central Road, MIDC, Marol, Andheri (East), Mumbai – 400093, Maharashtra, India ·
State Bank of India, Fort Branch, Mumbai,
Maharashtra, India ·
State
Bank of Indore, Commercial Branch, Mittal Court, “’ B’ Wing, Ground Floor,
Nariman Point, Mumbai – 400021, Maharashtra, India ·
Syndicate Bank, Nariman Bhavan, Nariman Point,
Mumbai – 400021, Maharashtra, India ·
Citibank N.A., Sakhar Bhavan, Nariman Point,
Mumbai – 400021, Maharashtra, India ·
State Bank of India, Commercial Branch,
Justice G.N. Vaidya Marg, Mumbai – 400023, Maharashtra, India ·
ICICI Bank Limited, Nariman Point, Maharashtra, India ·
Axis Bank Limited, Royal Accord IV, Lokhadwala Complex, Andheri (West), Mumbai – 400053,
Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
Auditors : |
|
|
Name : |
Basant Jain and Associates Chartered Accountants |
|
Address : |
601, Dalamal Chambers, New Marine Lines, Mumbai – 400020, Maharashtra,
|
|
PAN No. : |
ADOPJ8787C |
|
|
|
|
Subsidiary
Companies : |
·
Dominant Developers Private Limited ·
SYSTIME Computers Limited ·
CMS DITL Limited ·
Netprint Solution India Private Limited ·
Mailtek Services (India) Limited ·
New Video Private Limited |
|
|
|
|
Enterprise over which Director and / or his
relatives has significant influence : |
·
CMS Traffic Systems Limited ·
Jess Prasad Engineering and Metallurgical
Services Private Limited ·
ST Energy Solution Pvt. Limited (Formerly known
as CMS Energy Systems ·
Private Limited) ·
CMS Engineering Services Private Limited ·
G.G. Constructions Private Limited ·
Datacom Computer Services Private Limited ·
Computer Products and Services Private Limited ·
Royal Virgo Travels ·
Dynamic Hydro Machines Private Limited ·
Money Ease Capital Private Limited ·
RDJ Constructions Private Limited ·
R.D.Grover (Hindu Undivided Family) ·
Acusoft Technologies Private Limited ·
CMS Ident Private Limited ·
CMS Info Systems Private Limited ·
Resergent Infoteck Private Limited ·
CMS Marshal Limited ·
CMS Securitas Limited ·
Kaycee Industries Limited |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
Re.1/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
82095980 |
Equity Shares |
Re.1/- each |
Rs.82.096 Millions |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
Re.1/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
74296862 |
Equity Shares |
Re.1/- each |
Rs.74.297 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 |
74.297 |
82.096 |
82.096 |
|
(b) Reserves & Surplus |
1989.058 |
2051.087 |
2013.271 |
|
(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) |
2063.355 |
2133.183 |
2095.367 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.506 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
16.445 |
17.070 |
14.225 |
|
Total Non-current
Liabilities (3) |
16.951 |
17.070 |
14.225 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
2.485 |
8.207 |
44.414 |
|
(b) Trade
payables |
96.291 |
123.305 |
177.385 |
|
(c) Other
current liabilities |
223.513 |
263.886 |
277.777 |
|
(d) Short-term
provisions |
45.730 |
28.035 |
63.810 |
|
Total Current
Liabilities (4) |
368.019 |
423.433 |
563.386 |
|
|
|
|
|
|
TOTAL |
2448.325 |
2573.686 |
2672.978 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
465.388 |
541.966 |
581.350 |
|
(ii)
Intangible Assets |
2.880 |
3.093 |
4.838 |
|
(iii)
Capital work-in-progress |
54.884 |
51.534 |
126.980 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
580.348 |
570.973 |
403.213 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
23.539 |
32.892 |
47.435 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1127.039 |
1200.458 |
1163.816 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
51.549 |
47.952 |
64.404 |
|
(b)
Inventories |
34.886 |
25.438 |
29.976 |
|
(c) Trade
receivables |
678.662 |
654.065 |
643.507 |
|
(d) Cash
and cash equivalents |
135.406 |
194.797 |
47.311 |
|
(e)
Short-term loans and advances |
378.507 |
444.781 |
722.023 |
|
(f) Other
current assets |
42.276 |
6.195 |
1.941 |
|
Total
Current Assets |
1321.286 |
1373.228 |
1509.162 |
|
|
|
|
|
|
TOTAL |
2448.325 |
2573.686 |
2672.978 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1011.214 |
793.322 |
741.753 |
|
|
|
Other Income |
148.710 |
147.597 |
120.063 |
|
|
|
TOTAL (A) |
1159.924 |
940.919 |
861.816 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
228.511 |
271.095 |
232.168 |
|
|
|
Employee benefit expense |
297.239 |
259.959 |
254.221 |
|
|
|
Other expenses |
420.696 |
286.956 |
240.422 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(10.305) |
4.982 |
(2.763) |
|
|
|
Prior Period Items |
0.020 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
936.161 |
822.992 |
724.048 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
223.763 |
117.927 |
137.768 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
17.843 |
11.275 |
18.109 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
205.920 |
106.652 |
119.659 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
30.457 |
68.837 |
77.866 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
175.463 |
37.815 |
41.793 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
37.360 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
138.103 |
37.815 |
41.793 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
372.232 |
334.417 |
291.244 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
510.335 |
372.232 |
334.417 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Service charges/ ORC Commission |
6.138 |
1.885 |
3.960 |
|
|
|
Others |
0.145 |
1.088 |
11.141 |
|
|
TOTAL EARNINGS |
6.283 |
2.973 |
15.101 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
44.465 |
45.344 |
1.053 |
|
|
|
Capital Goods |
0.000 |
0.000 |
15.999 |
|
|
TOTAL IMPORTS |
44.465 |
45.344 |
17.052 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.15 |
0.57 |
0.64 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
11.91 |
4.02 |
4.85 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
17.35 |
4.77 |
5.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.68 |
1.94 |
1.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.02 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.59 |
3.24 |
2.68 |
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 |
82.096 |
82.096 |
74.297 |
|
Reserves & Surplus |
2013.271 |
2051.087 |
1989.058 |
|
Net
worth |
2095.367 |
2133.183 |
2063.355 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
44.414 |
8.207 |
2.485 |
|
Total
borrowings |
44.414 |
8.207 |
2.485 |
|
Debt/Equity
ratio |
0.021 |
0.004 |
0.001 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
741.753 |
793.322 |
1,011.214 |
|
|
|
6.952 |
27.466 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
741.753 |
793.322 |
1,011.214 |
|
Profit |
41.793 |
37.815 |
138.103 |
|
|
5.63% |
4.77% |
13.66% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT IS NOT AVAILABLE.
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE:
Registered Office of the company has been shifted from 203, Arcadia, Nariman Point, Mumbai – 400021, Maharashtra, India to the present address 24.01.2012.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10219265 |
23/07/2013
* |
245,000,000.00 |
|
47
OPUS CENTRE, OPPOSITE TUNGA PARADISE HOTEL,, |
B81797862 |
|
2 |
10127805 |
22/01/2009
* |
200,000,000.00 |
UNIT
TRUST OF INDIA INVESTMENT ADVISORY SERVICES LIMITED |
UTI
TOWER GN BLOCKBANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI, MAHARASHTRA -
400051, INDIA |
A56391204 |
|
3 |
90241371 |
19/03/2005 |
375,100,000.00 |
STATE
BANK OF INDORE |
COMMERCIAL
BRANCH; MITTAL CORT; B WING; GROUND FLOOR, MUMBAI, MAHARASHTRA - 400021,
INDIA |
- |
|
4 |
90241341 |
11/08/2008
* |
350,000,000.00 |
STATE
BANK OF INDIA |
COMMERCIAL
BRANCH,, JUSTICE G.N. VAIDYA MARG, MUMBAI - 400023, MAHARASHTRA, INDIA |
A44879062 |
|
5 |
90242599 |
23/06/2006
* |
85,000,000.00 |
STATE
BANK OF INDORE |
COMMERCIAL
BRANCH, MITTAL COURT, 'B' WING,, GROUND FLOOR, NARIMAN POINT, MUMBAI -
400021, MAHARASHTRA, INDIA |
- |
|
6 |
90229902 |
08/02/2008
* |
190,000,000.00 |
AXIS
BANK LTD |
ROYAL
ACCORD IV, LOKHANDWALA COMPLEX,, ANDHERI (W), MUMBAI, MAHARASHTRA - 400053,
INDIA |
A33792151 |
|
7 |
90229862 |
19/04/2003 |
1,303,146.00 |
THE SARASWAT
CO-OPERATIVBE BANK LTD |
CENTRAL
ADMIN. OFFICE; APSRA CINEMA BLDG, 2ND FLOOR; DR. D.B. MARG GRANT RD, MUMBAI,
MAHARASHTRA - 400007, INDIA |
- |
|
8 |
90229689 |
31/01/2003
* |
395,000,000.00 |
SYNDICATE
B ANK |
ATLANTA
BLDG; NARIMAN POINT, MUMBAI, MAHARASHTRA - |
- |
|
9 |
90232363 |
29/12/1999 |
24,925,945.00 |
SUNDARAM
FINANCVE LTD |
21;
PATULLOS RD, CHENNAI, TAMIL NADU - 600002, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
· Land - Leasehold
· Land - Freehold
· Building - Leasehold
· Building - Freehold
· Plant and Machinery
· Electrical Installation
· Furniture, fixtures and Fittings
· Vehicles
· Office Equipments
· Computer
· 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.59.03 |
|
|
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--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.