MIRA INFORM REPORT
|
Report Date : |
24.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
TPG WHOLESALE PRIVATE LIMITED (w.e.f. 21.09.2010) |
|
|
|
|
Formerly Known
As : |
MICRONET INFRASTRUCTURE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 184, Fifth Floor, Platinum Tower, Udyog Vihar, Phase – 1,
Gurgaon – 122016, Haryana |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
31.05.2010 |
|
|
|
|
Com. Reg. No.: |
11 - 052389 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2511.441 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909HR2010PTC052389 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT16416B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCM7158Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Retailing of garments and accessories. |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 10560000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “TPG VW LIMITED”, Mauritius. It is an established
company having moderate track record. The rating is constrained on account of company’s moderate financial
risk profile and continuous losses that company has incurred from its
operational activities. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
CRISIL |
|
Rating |
Long term rating : BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
23.06.2014 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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 (GENERAL DETAILS)
|
Name : |
Mr. Satyendra Kumar |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-124-4980000 |
|
Date : |
23.06.2014 |
LOCATIONS
|
Registered Office : |
Plot No. 184, Fifth Floor, Platinum Tower, Udyog Vihar, Phase – 1,
Gurgaon – 122016, Haryana, India |
|
Tel. No.: |
91-124-4980000 |
|
Fax No.: |
91-124-4980001 |
|
E-Mail : |
DIRECTORS
As on : 26.09.2013
|
Name : |
Mr. Puneet Bhatia |
|
Designation : |
Additional Director |
|
Address : |
The Aralias |
|
Date of Birth/Age : |
16/12/1966 |
|
Date of Appointment : |
30.11.2011 |
|
DIN No. : |
00143973 |
Other Directorship
:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U67190MH2002PTC137790 |
TPG CAPITAL
INDIA PRIVATE LIMITED |
Director |
06-11-02 |
06-11-02 |
- |
Active |
NO |
|
2 |
U74140TN1993PTC024863 |
SHRIRAM HOLDINGS
MADRAS PRIVATE LIMITED |
Nominee director |
02-02-06 |
02-02-06 |
- |
Amalgamated |
NO |
|
3 |
L65191TN1979PLC007874 |
SHRIRAM
TRANSPORT FINANCE COMPANY LIMITED |
Nominee director |
26-10-06 |
26-10-06 |
- |
Active |
NO |
|
4 |
U24231AP1984PLC005146 |
MYLAN
LABORATORIES LIMITED |
Director |
22-01-07 |
22-01-07 |
25-09-09 |
Active |
NO |
|
5 |
U70101DL2005PTC141236 |
FLARE ESTATE
PRIVATE LIMITED |
Additional
director |
18-07-07 |
18-07-07 |
- |
Active |
NO |
|
6 |
U51909HR2010PTC052389 |
TPG WHOLESALE
PRIVATE LIMITED |
Director |
30-11-11 |
24-07-10 |
- |
Active |
NO |
|
7 |
L65191TN1986PLC012840 |
SHRIRAM CITY
UNION FINANCE LIMITED |
Director |
28-07-11 |
01-12-10 |
- |
Active |
NO |
|
8 |
U72200TN2000PTC044560 |
SHRIRAM
PROPERTIES PRIVATE LIMITED |
Director |
29-04-11 |
29-04-11 |
- |
Active |
NO |
|
9 |
U65993TN1974PLC006588 |
SHRIRAM CAPITAL
LIMITED |
Nominee director |
29-04-11 |
29-04-11 |
- |
Active |
NO |
|
Name : |
Mr. Amol Jain |
|
Designation : |
Additional Director |
|
Address : |
Flat no 5,5th Flr, Sterling Diamond Apartments,, Mount Mary Diamond
CHS Ltd. Bandra (E), Mumbai‐ 400050,
Maharashtra, India |
|
Date of Birth/Age : |
16.12.1972 |
|
Date of Appointment : |
30.11.2011 |
|
DIN No. : |
00334710 |
Other Directorship
:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current designation
of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U74140TN1993PTC024863 |
SHRIRAM HOLDINGS
MADRAS PRIVATE LIMITED |
Nominee director |
02-02-06 |
02-02-06 |
- |
Amalgamated |
NO |
|
2 |
U51909HR2010PTC052389 |
TPG WHOLESALE
PRIVATE LIMITED |
Director |
30-11-11 |
24-07-10 |
31-03-14 |
Active |
NO |
|
3 |
U65910TN2009PLC073914 |
SHRIRAM EQUIPMENT
FINANCE COMPANY LIMITED |
Director |
24-06-11 |
30-01-11 |
01-04-14 |
Active |
NO |
|
Name : |
Mr. Anish Batlaw |
|
Designation : |
Additional Director |
|
Address : |
|
|
Date of Birth/Age : |
09.02.1966 |
|
Date of Appointment : |
30.11.2012 |
|
DIN No. : |
03548526 |
Other Directorship
:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U51909HR2010PTC052389 |
TPG WHOLESALE
PRIVATE LIMITED |
Director |
30-11-11 |
30-08-11 |
- |
Active |
NO |
|
Name : |
Mr. Gunender Kapur |
|
Designation : |
Managing Director |
|
Address : |
29, CCI Chambers, |
|
Date of Birth/Age : |
19.01.1961 |
|
Date of Appointment : |
01.10.2011 |
|
DIN No. : |
01927304 |
Other Directorship
:
|
S.No. |
CIN/LLPIN |
Name of the Company/
LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U01100MH1999PLC120563 |
RELIANCE RETAIL
LIMITED |
Director |
30-09-08 |
11-12-07 |
31-03-10 |
Active |
NO |
|
2 |
U15419MH2006PLC165826 |
RELIANCE DAIRY
FOODS LIMITED |
Director |
26-08-08 |
31-12-07 |
31-03-10 |
Active |
NO |
|
3 |
U85190MH2000PLC126442 |
RELIANCE F&B
SERVICES LIMITED |
Director |
26-08-08 |
07-01-08 |
31-03-10 |
Active |
NO |
|
4 |
U74140MH2000PLC128371 |
DELIGHT PROTEINS
LIMITED |
Director |
26-08-08 |
07-01-08 |
31-03-10 |
Active |
NO |
|
5 |
U52599MH2007PLC176409 |
RELIANCE HOME
PRODUCTS LIMITED |
Director |
30-09-09 |
21-01-09 |
31-03-10 |
Amalgamated |
NO |
|
6 |
U51909HR2010PTC052389 |
TPG WHOLESALE
PRIVATE LIMITED |
Managing
director |
01-10-12 |
01-06-11 |
- |
Active |
NO |
|
Name : |
Carlos Miguel Aquino |
|
Designation : |
Additional Director |
|
Address : |
12/B |
|
Date of Birth/Age : |
13.01.1962 |
|
Date of Appointment : |
30.11.2011 |
|
DIN No. : |
03570603 |
Other Directorship
:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current designation
of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U51909HR2010PTC052389 |
TPG WHOLESALE
PRIVATE LIMITED |
Director |
30-11-11 |
30-08-11 |
- |
Active |
NO |
|
Name : |
Jonathan Mark Andrew Price |
|
Designation : |
Additional Director |
|
Address : |
19 |
|
Date of Birth/Age : |
19.12.1964 |
|
Date of Appointment : |
30.11.2011 |
|
DIN No. : |
03591276 |
|
|
|
Other Directorship :
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U51909HR2010PTC052389 |
TPG WHOLESALE
PRIVATE LIMITED |
Director |
30-11-11 |
30-08-11 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Arun Kumar Gupta |
|
Designation : |
Secretary |
|
Address : |
902, Tower # 3,
Orchid Petals, Sector-49, |
|
Date of Birth/Age : |
08.09.1974 |
|
Date of Appointment : |
29.03.2011 |
|
PAN No.: |
AHDPG2001K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 26.09.2013
|
Names of Shareholders |
No. of Shares |
|
TPG VW Limited, India |
250410811 |
|
Mitco Services Limited, India |
1 |
|
Karthik Natarajan |
293322 |
|
Gunender Kapur |
439983 |
|
Pegasus Group Twelve Trust – II |
298699 |
|
Yogesh Kumar Gupta |
1760 |
|
Seshadri Vishwanath Kumar |
22869 |
|
Total |
251467445 |
As on : 26.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
99.58 |
|
Bodies corporate |
0.12 |
|
Directors or relatives of Directors |
0.17 |
|
Other top fifty shareholders |
0.13 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Retailing of garments and accessories |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
400 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
State Bank of India (As Monitoring Institution), A-5, Ring Road, South
Extension, Part - 1, New Delhi – 110 058, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B.S.R.R. and Company Chartered Accountants |
|
Address : |
Building No.10,
8th Floor, Tower-B, |
|
PAN No.: |
AAKFB1884H |
|
|
|
|
Enterprises over which individual investing parties exercising joint
control over the Company exercise significant influence (outside |
v
TPG Capital LP |
|
|
|
|
Entities which exercise control over the Company (outside |
v
TPG Group Holdings (SBS) Advisors, Inc.—(Ultimate
holding entity) v
TPG Group Holdings (SBS), L.P. v
TPG Holdings I, L.P. v
TPG Asia GenPar V Advisors, Inc. v
TPG v
TPG v
TPG VW, Limited (immediate holding company) |
CAPITAL STRUCTURE
AS ON : 26.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
260000000 |
Equity Shares |
Rs.10/- each |
Rs.2600.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
251467445 |
Equity Shares |
Rs.10/- each |
Rs.2514.674
Millions |
AFTER : 26.09.2013
|
No. of Shares |
Type |
Value |
Amount |
|
6600000000 |
Equity Shares |
Rs.10/- each |
Rs.6600.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3198518200 |
Equity Shares |
Rs.10/- each |
Rs.3198.518
Millions |
AS ON : 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
260000000 |
Equity Shares |
Rs.10/- each |
Rs.2600.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
251144100 |
Equity Shares |
Rs.10/- each |
Rs.2511.441
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 |
2511.441 |
2266.422 |
2159.439 |
|
(b) Reserves & Surplus |
129.778 |
747.995 |
611.258 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.419 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2641.638 |
3014.417 |
2770.697 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4914.291 |
4711.732 |
5737.175 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
23.386 |
11.016 |
4.244 |
|
Total Non-current
Liabilities (3) |
4937.677 |
4722.748 |
5741.419 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
275.100 |
310.661 |
275.100 |
|
(b) Trade
payables |
1891.413 |
1822.877 |
1731.522 |
|
(c) Other
current liabilities |
164.442 |
107.623 |
24.720 |
|
(d) Short-term
provisions |
15.338 |
15.516 |
14.402 |
|
Total Current
Liabilities (4) |
2346.293 |
2256.677 |
2045.744 |
|
|
|
|
|
|
TOTAL |
9925.608 |
9993.842 |
10557.860 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
814.968 |
939.397 |
820.504 |
|
(ii)
Intangible Assets |
5321.689 |
5728.139 |
6482.853 |
|
(iii)
Capital work-in-progress |
0.000 |
0.740 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
22.497 |
40.724 |
7.738 |
|
(e) Other
Non-current assets |
1.443 |
1.715 |
0.290 |
|
Total Non-Current
Assets |
6160.597 |
6710.715 |
7311.385 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
500.377 |
449.416 |
1500.000 |
|
(b)
Inventories |
708.571 |
390.162 |
473.360 |
|
(c) Trade
receivables |
2217.710 |
2047.103 |
40.862 |
|
(d) Cash
and cash equivalents |
274.040 |
269.029 |
347.150 |
|
(e)
Short-term loans and advances |
27.393 |
54.061 |
820.821 |
|
(f) Other
current assets |
36.920 |
73.356 |
64.282 |
|
Total
Current Assets |
3765.011 |
3283.127 |
3246.475 |
|
|
|
|
|
|
TOTAL |
9925.608 |
9993.842 |
10557.860 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8393.384 |
7071.720 |
38.312 |
|
|
|
Other Income |
84.485 |
119.584 |
15.398 |
|
|
|
TOTAL |
8477.869 |
7191.304 |
53.710 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase in stock in trade |
(318.409) |
83.198 |
473.361 |
|
|
|
Other Expenses |
9587.808 |
8082.621 |
327.712 |
|
|
|
TOTAL |
9269.399 |
8165.819 |
145.649 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(791.530) |
(974.515) |
(91.939) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(791.530) |
(974.515) |
(91.939) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
791.530 |
974.515 |
91.939 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(3.15) |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(9.34)
|
(13.55) |
(171.18) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(9.43)
|
(13.78) |
(239.97) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.97)
|
(9.75) |
(0.87) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.30)
|
(0.32) |
(0.03) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.96
|
1.67 |
2.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.83
|
5.18 |
0.60 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
2159.439 |
2266.422 |
2511.411 |
|
Reserves & Surplus |
611.258 |
747.995 |
129.778 |
|
Net
worth |
2,770.697 |
3,014.417 |
2,641.189 |
|
|
|
|
|
|
long-term borrowings |
5737.175 |
4711.732 |
4914.291 |
|
Short term borrowings |
275.100 |
310.661 |
275.1 |
|
Total
borrowings |
6,012.275 |
5,022.393 |
5,189.391 |
|
Debt/Equity
ratio |
2.170 |
1.666 |
1.965 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
38.312 |
7071.720 |
8393.384 |
|
|
|
18,358.238 |
18.689 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
38.312 |
7071.720 |
8393.384 |
|
Profit |
-91.939 |
-974.515 |
-791.530 |
|
|
-239.97% |
-13.78% |
-9.43% |
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 |
No |
|
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 |
No |
|
33] |
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
Yes |
NOTE
The registered office of the company has been shifted from 704, Platina,
Plot No.C-59, G - Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051,
Maharashtra, India to the present
address w.e.f. 13.02.2014.
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Term Loans |
1860.587 |
1860.587 |
|
SHORT TERM
BORROWINGS |
|
|
|
Fully convertible debentures |
275.100 |
275.100 |
|
Total |
2135.687 |
2135.687 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10285080 |
14/03/2011 |
3,117,400,000.00 |
STATE BANK OF
INDIA AS MONITORING INSTITUTION |
A-5, Ring Road,
South Extension Part I, New Delhi 110058, Delhi INDIA |
B12018719 |
FIXED ASSETS
v
Plant Machinery
v
Equipments
v
Computer Equipments
v
Furniture Fixtures
v
Vehicles
v
Leasehold Properties
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.60.19 |
|
|
1 |
Rs.102.56 |
|
Euro |
1 |
Rs.81.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
32 |
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.