1. Summary Information
|
Country |
|
||
|
Company Name |
AUTOMETERS ALLIANCE LIMITED |
Principal Name 1 |
Mr. Keshav Kumar Thirani |
|
Status |
Good |
Principal Name 2 |
Mr. Harsh Vardhan Kejriwal |
|
Registration # |
55-070835 |
||
|
Street Address |
101C, Shiv House, Hari Nagar, Ashram, New Delhi-110014, India |
||
|
Established Date |
14.07.1995 |
SIC Code |
-- |
|
Telephone# |
91-11-2583545/ 26343774 |
Business Style 1 |
Manufacturing |
|
Fax # |
91-120-2583542 |
Business Style 2 |
Designing |
|
Homepage |
Product Name 1 |
Switchgear |
|
|
# of employees |
Not Available |
Product Name 2 |
Power Conversion Equipment |
|
Paid up capital |
Rs.70,000,070/- |
Product Name 3 |
Uninterruptible Power Supply |
|
Shareholders |
Bodies corporate - 61.86% Directors or relatives of Directors - 38.14% |
Banking |
Central
Bank of |
|
Public Limited Corp. |
NO |
Business Period |
19 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (54) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
-- |
Autometers Limited |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
524,601,000 |
Current Liabilities |
104,395,000 |
|
Inventories |
403,002,000 |
Long-term Liabilities |
70,204,000 |
|
Fixed Assets |
285,972,000 |
Other Liabilities |
155,312,000 |
|
Deferred Assets |
4,667,000 |
Total Liabilities |
329,911,000 |
|
Invest& other Assets |
11,544,000 |
Retained Earnings |
829,875,000 |
|
|
|
Net Worth |
899,875,000 |
|
Total Assets |
1,229,786,000 |
Total Liab. & Equity |
1,229,786,000 |
|
Total Assets (Previous Year) |
1,056,851,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
1,381,878,000 |
Net Profit |
153,559,000 |
|
Sales(Previous yr) |
1,261,829,000 |
Net Profit(Prev.yr) |
150,295,000 |
MIRA INFORM REPORT
|
Report Date : |
24.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
AUTOMETERS ALLIANCE LIMITED (w.e.f. 25.10.1999) |
|
|
|
|
Formerly Known
As : |
AUTOMETERS SECHERON LIMITED |
|
|
|
|
Registered
Office : |
101C, Shiv House, Hari Nagar Ashram, New Delhi-110014 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.07.1995 |
|
|
|
|
Com. Reg. No.: |
55-070835 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.70.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PLC070835 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA11683A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA7870P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is in the business of designing, manufacturing,
installation and servicing of various measuring, switchgear and power
conversion equipment for railways and uninterruptible power supply (UPS) for
industrial applications. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4300000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Autometers Limited” It is an established
company having fine track record. Management has seen a better increase in
its sales revenue as well as net profitability during 2013. Financial
position seems to be sound marked by healthy networth. Trade relation are fair. Business is
active. Payment terms are reported as regular and as per Commitments. In view of support from its holding
company, the subject can be considered good 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.
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term fund based limits and
Non fund based limits = A- |
|
Rating Explanation |
Have adequate degree of safety and carry low credit risk |
|
Date |
March, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term fund based and Non
fund limits = A2+ |
|
Rating Explanation |
Have strong degree of safety and carry low credit risk |
|
Date |
March, 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 DECLINED
Management Non Cooperative (91-120-2479200)
LOCATIONS
|
Registered Office : |
101C, Shiv House, Hari Nagar, Ashram, New Delhi-110014, |
|
Tel. No.: |
91-11- 26343774/ 26946764 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office / Factory 1: |
C-63, Sector 57, Noida – 201307, |
|
Tel. No.: |
91-120-2583545/ 2583546 / 2479200 / 6770100 |
|
Fax No.: |
91-120-2583542 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Village-Beli-Deyol, Nalagarh Road, Tehsil - Nalagarh, District. -
Solan Himachal Pradesh, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Keshav Kumar Thirani |
|
Designation : |
Managing Director |
|
Address : |
B-104/2, |
|
Date of Birth/Age : |
11.08.1947 |
|
Qualification : |
B. Com. (Hons.) |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
00280467 |
|
|
|
|
Name : |
Mr. Harsh Vardhan Kejriwal |
|
Designation : |
Director |
|
Address : |
12/1, |
|
Date of Birth/Age : |
02.05.1947 |
|
Date of Appointment : |
26.10.1995 |
|
DIN No.: |
00088343 |
|
|
|
|
Name : |
Mr. Shri Gopal Rajgarhia |
|
Designation : |
Director |
|
Address : |
33/1, Friends Colony (East), New Delhi-110065, |
|
Date of Birth/Age : |
21.08.1946 |
|
Date of Appointment : |
05.10.2000 |
|
DIN No.: |
00002245 |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Autometers Limited, India |
|
4330000 |
|
K K Thirani |
|
2670002 |
|
H V Kejriwal |
|
1 |
|
Jayshree Thirani |
|
1 |
|
Girija Jhunjhunwala |
|
1 |
|
Aditi Thirani |
|
1 |
|
Anuja Thirani |
|
1 |
|
Total |
|
7000007 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
61.86 |
|
Directors or relatives of Directors |
38.14 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is in the business of designing, manufacturing,
installation and servicing of various measuring, switchgear and power conversion
equipment for railways and uninterruptible power supply (UPS) for industrial
applications. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Central Bank of India, 70, Janpath, New Delhi – 110001, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Company Chartered Accountants |
|
Address : |
Tower A, Building No. 8, 1st Floor, DLF Cyber City, Phase – II, Sector – 25, Gurgaon – 122002, India |
|
PAN No.: |
AALFS0506L |
|
|
|
|
Holding Company : |
·
Autometers Limited CIN No.:- U34300DL1959PLC003160 |
|
|
|
|
Enterprises owned or significantly influenced by key managerial
personnel or their Relatives: |
·
RMG Autometers Gas Technologies Limited CIN : L51909DL1967PLC021844 ·
Goldwyn Limited CIN : L51909DL1967PLC021844 ·
Kalyani Navyug Media Private Limited CIN :
U22219DL2008PTC185016 |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- Each |
100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000007 |
Equity Shares |
Rs.10/- Each |
Rs. 70.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
70.000 |
|
(b) Reserves & Surplus |
|
|
1005.602 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
1075.602 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term
provisions |
|
|
54.050 |
|
Total Non-current
Liabilities (3) |
|
|
54.050 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
|
145.286 |
|
(b) Trade payables |
|
|
122.970 |
|
(c) Other current
liabilities |
|
|
25.168 |
|
(d) Short-term
provisions |
|
|
71.031 |
|
Total Current
Liabilities (4) |
|
|
364.455 |
|
|
|
|
|
|
TOTAL |
|
|
1494.107 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
268.366 |
|
(ii) Intangible Assets |
|
|
8.556 |
|
(iii) Capital
work-in-progress |
|
|
5.210 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
6.888 |
|
(d) Long-term Loan and Advances |
|
|
117.658 |
|
(e) Other
Non-current assets |
|
|
2.856 |
|
Total Non-Current
Assets |
|
|
409.534 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
398.251 |
|
(c) Trade receivables |
|
|
601.669 |
|
(d) Cash and cash
equivalents |
|
|
33.081 |
|
(e) Short-term loans
and advances |
|
|
35.119 |
|
(f) Other current
assets |
|
|
16.453 |
|
Total Current Assets |
|
|
1084.573 |
|
|
|
|
|
|
TOTAL |
|
|
1494.107 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
70.000 |
70.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
829.875 |
700.723 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
899.875 |
770.723 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
70.204 |
48.721 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
70.204 |
48.721 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
6.295 |
|
|
|
|
|
|
|
|
TOTAL |
|
970.079 |
825.739 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
285.972 |
251.197 |
|
|
Capital work-in-progress |
|
11.544 |
29.979 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
4.667 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
403.002
|
308.019
|
|
|
Sundry Debtors |
|
392.226
|
370.690
|
|
|
Cash & Bank Balances |
|
3.189
|
23.086
|
|
|
Other Current Assets |
|
32.231
|
2.558
|
|
|
Loans & Advances |
|
96.955
|
71.322
|
|
Total
Current Assets |
|
927.603
|
775.675
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
89.687
|
101.188
|
|
|
Other Current Liabilities |
|
14.708
|
23.824
|
|
|
Provisions |
|
155.312
|
106.100
|
|
Total
Current Liabilities |
|
259.707
|
231.112
|
|
|
Net Current Assets |
|
667.896
|
544.563
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
970.079 |
825.739 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1537.023 |
1381.878 |
1261.829 |
|
|
|
Other Income |
36.419 |
3.808 |
6.965 |
|
|
|
TOTAL (A) |
1573.442 |
1385.686 |
1268.794 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Good Purchased for Resale |
-- |
-- |
46.661 |
|
|
|
Raw Material Components Consumed |
706.719 |
775.116 |
642.446 |
|
|
|
Purchases of stock-in-trade |
86.513 |
4.877 |
-- |
|
|
|
Changes in inventories |
(3.216) |
(24.145) |
-- |
|
|
|
Employee benefit expense |
330.548 |
244.442 |
-- |
|
|
|
Other expenses |
220.377 |
200.072 |
-- |
|
|
|
Personnel Expenses |
-- |
-- |
207.347 |
|
|
|
Operating and other Expenses |
-- |
-- |
229.638 |
|
|
|
Increase in Inventory |
-- |
-- |
22.571 |
|
|
|
Directors Remuneration |
-- |
-- |
9.330 |
|
|
|
TOTAL (B) |
1340.941 |
1200.362 |
1157.993 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
232.501 |
185.324 |
110.801 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.659 |
6.003 |
7.066 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
225.842 |
179.321 |
117.867 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
36.050 |
34.565 |
34.361 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
189.792 |
144.756 |
152.228 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(2.316) |
(8.803) |
1.933 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
((G-H) (I) |
192.108 |
153.559 |
150.295 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
128.154 |
134.002 |
249.978 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
20.000 |
135.000 |
250.000 |
|
|
|
Dividend |
14.000 |
21.000 |
14.000 |
|
|
|
Tax on Dividend |
2.379 |
3.407 |
2.271 |
|
|
BALANCE CARRIED
TO THE B/S |
283.883 |
128.154 |
134.002 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.170 |
1.794 |
0.864 |
|
|
TOTAL EARNINGS |
0.170 |
1.794 |
0.864 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores, Spares and Packing Materials |
0.014 |
0.003 |
0.046 |
|
|
|
Raw Materials, Components |
291.551 |
208.979 |
184.363 |
|
|
|
Capital Goods |
3.377 |
0.294 |
7.035 |
|
|
TOTAL IMPORTS |
294.942 |
209.276 |
191.444 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
27.44 |
21.94 |
21.47 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
12.21 |
11.08
|
11.84
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.35 |
10.47
|
12.06
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.81 |
11.93
|
14.24
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.16
|
0.20
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.14 |
0.08
|
0.06
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.98 |
3.57
|
3.36
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
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 |
1261.829 |
1381.878 |
1537.023 |
|
|
|
9.514 |
11.227 |
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 |
1261.829 |
1381.878 |
1537.023 |
|
Profit |
150.295 |
153.559 |
192.108 |
|
|
11.91% |
11.11% |
12.50% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---- |
|
22] |
Litigations that the firm
/ promoter involved in |
---- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---- |
|
26] |
Buyer visit details |
---- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
PERFORMANCE
AND OUTLOOK:
The gross
sales for the year under review has been Rs. 1646.400 Million compared to Rs.
1495.200 Million of the previous year.
The
management of subject continues to seek opportunities for introduction of new products
both for the railways and for other sectors. Ongoing discussions are taking
place for acquisition of new product technologies under license agreements.
Meanwhile, the Company continues its efforts for development of new products
and up gradation of existing products through its own research and development
team.
Subject
has started supply of Escalators to Indian Railways against their order, during
the year. Company recently received large quantity orders, from Metro for the
supply of Escalators and PA/PIDS.
The
outlook for the Company in the current year looks favorable. We have submitted
our bids for new contracts and are hopeful of receiving orders from our
customers.
INDEX OF CHARGE
|
S.No.
|
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address
|
Service
Request Number (SRN) |
|
1 |
10085067
|
24/08/2013
* |
100,000,000.00
|
CENTRAL
BANK OF INDIA |
70
JANPATH, NEW DLEHI, Delhi - 110001, INDIA |
B84226992
|
|
2 |
10085017
|
24/08/2013
* |
220,000,000.00
|
CENTRAL
BANK OF INDIA |
70
JANPATH, NEW DLEHI, Delhi - 110001, INDIA |
B84177336
|
|
3 |
10085041
|
24/08/2013
* |
220,000,000.00
|
CENTRAL
BANK OF INDIA |
70 JANPATH,
NEW DLEHI, Delhi - 110001, INDIA |
B84186543
|
|
4 |
10085059
|
24/08/2013
* |
1,210,000,000.00
|
CENTRAL
BANK OF INDIA |
70,
JANPATH, NEW DELHI, Delhi - 110001, INDIA |
B84175975
|
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.60.05 |
|
|
1 |
Rs.101.32 |
|
Euro |
1 |
Rs.83.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
|
|
PAID-UP CAPITAL |
1~10 |
|
|
OPERATING SCALE |
1~10 |
|
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
|
|
--PROFITABILIRY |
1~10 |
|
|
--LIQUIDITY |
1~10 |
|
|
--LEVERAGE |
1~10 |
|
|
--RESERVES |
1~10 |
|
|
--CREDIT LINES |
1~10 |
|
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.