1. Summary Information
|
|
|
Country |
India |
|
Company Name |
RADIANT POLYMERS PRIVATE LIMITED |
Principal Name 1 |
Kumud Jayee |
|
Status |
Moderate |
Principal Name 2 |
Mr. Nalin Bahl |
|
|
|
Registration # |
55-032685 |
|
Street Address |
17, Barakhamba Road, Vijaya Building, LGF – 69, New Delhi – 110001,
India |
||
|
Established Date |
05.08.1988 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Moulded Engineering Plastic Components |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.9,954,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of Directors – 100% |
Banking |
Canara
Bank |
|
Public Limited Corp. |
NO |
Business Period |
26 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(30) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
-- |
Radiant Complast Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
211,152,000 |
Current Liabilities |
188,423,000 |
|
Inventories |
194,744,000 |
Long-term Liabilities |
326,706,000 |
|
Fixed Assets |
262,513,000 |
Other Liabilities |
27,465,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
542,594,000 |
|
Invest& other Assets |
10,050,000 |
Retained Earnings |
115,911,000 |
|
|
|
Net Worth |
135,865,000 |
|
Total Assets |
678,459,000 |
Total Liab. & Equity |
678,459,000 |
|
Total Assets (Previous Year) |
693,827,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
887,906,000 |
Net Profit |
(40,320,000) |
|
Sales(Previous yr) |
790,240,000 |
Net Profit(Prev.yr) |
19,682,000 |
MIRA
INFORM REPORT
|
Report Date : |
27.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
RADIANT POLYMERS
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
17, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.08.1988 |
|
|
|
|
Com. Reg. No.: |
55-032685 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.954 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1988PTC032685 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Moulded Engineering Plastic Components. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 543000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company moderate track record. The company possesses a moderate financial profile marked by adequate
networth base along with working capital intensive operations. Management has seen an increase in its sales volume but has reported a
loss from its operations during FY 2013. However, trade relations are reported as slow but correct. Business is
active. Payment terms are reported as slow but correct. In view of long standing presence, the subject can be considered for
business dealings 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 – 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
31-03-2012.
INFORMATION DENIED
MANAGEMENT NON CO-OPERATIVE (91-120-4537200)
LOCATIONS
|
Registered Office : |
17, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office / Plant 1 : |
A-4/7-8, Site IV, Sahibabad Industrial Estate, District Ghaziabad,
Uttar Pradesh – 201010, India |
|
Tel. No.: |
91-120-4537200 |
|
Fax No.: |
91-120-2896206 |
|
|
|
|
Plant 2 : |
Plot No 13 A, Sector 2A, Integrated Industrial Estate, Rudrapur,
District, U.S. Nagar – 263153, Uttarakhand, India |
|
|
|
|
Plant 3 : |
Plot No F – 591,592 Industrial Area, Phase – I, Bhiwandi, Diatrict –
Alwar, |
|
Tel. No.: |
91-120-4537200 |
|
|
|
|
Plant 4 : |
A – 4/3, Site IV, Sahibabad Industrial Estate, District Ghaziabad,
Uttar Pradesh – 201010, India |
DIRECTORS
As on 28.09.2013
|
Name : |
Kumud Jayee |
|
Designation : |
Director |
|
Address : |
B – 106, Sector – 31, Gautam Budh nagar, Noida –
201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
07.06.1956 |
|
Date of Appointment : |
05.08.1988 |
|
DIN No.: |
00055684 |
|
|
|
|
Name : |
Mr. Nalin Bahl |
|
Designation : |
Director |
|
Address : |
House No. 1, Road No. 41, Punjabi Bagh West, New Delhi – 110026, India
|
|
Date of Birth/Age : |
30.01.1954 |
|
Date of Appointment : |
05.08.1988 |
|
DIN No.: |
00055730 |
|
|
|
|
Name : |
Mr. Nitin Bahl |
|
Designation : |
Director |
|
Address : |
1/41, Punjabi Bagh West, New Delhi – 110026, India |
|
Date of Birth/Age : |
17.10.1980 |
|
Date of Appointment : |
15.02.2007 |
|
DIN No.: |
01121465 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2013
|
Names of Shareholders |
No. of Shares |
%age |
|
Kumud Jayee |
99769 |
50.00 |
|
Nalin Bahl |
99286 |
49.76 |
|
Pratibha Bahl |
483 |
0.24 |
|
|
|
|
|
Total |
199538 |
100.00 |
As on 28.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Moulded Engineering Plastic Components. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· Canara Bank, Sahibabad, Ghaziabad, Uttar Pradesh, India · Allahabad Bank, A -6, Sector10, Noida – 201301, Uttar Pradesh, India · Oriental Bank of Commerce, S.S.I. Branch, Sahibabad, Ghaziabad, Uttar Pradesh, India · HDFC Bank Limited · IDBI Bank Limited · ICICI Bank Limited |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
NOTE: LONG TERM
BORROWINGS *Term Loan from Bank is secured against hypothecation of stock, car, book debts, Plant and Machinery and Collateral security of land and personal guarantee of directors. The term loan is repayable at the interest rate of 14-15% per annum. **Term Loan from other is secured against hypothecation of machines. The term loan is repayable over the period of 4 years and carries interest rate of 15 % per annum. Cash Credit from bank is secured against hypothecation of stock and book debts. The cash is repayable on demand and carries interest rate of 15% p. a. SHORT TERM
BORROWINGS *Cash and Credit
from bank is secured against hypothecation of stock and book debts. The cash
credit is repayable on demand carries interest rate of 15%p.a. |
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Electronica Finance Limited, 128/A, Plot No.3, Kailashchandra
Appartments, Paud Road, Kothrud, Pune, Maharashtra - 411038, India |
|
|
|
|
Auditors : |
|
|
Name : |
S. Bahl and Company Chartered Accountants |
|
Address : |
17, Barakhamba Road, Vijaya Building, (L. G. Floor 69-70), New Delhi – 110001, India |
|
Tel No. : |
91-11-23321536 |
|
Fax No.: |
91-11-23350662 |
|
Email : |
|
|
Website : |
|
|
PAN
No. : |
AAIFS7562B |
|
|
|
|
Associates : |
Radiant Complast Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800000 |
Equity Shares |
Rs.100/- each |
Rs.80.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
199538 |
Equity Shares |
Rs.100/- each |
Rs.9.954 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 |
19.954 |
19.954 |
19.954 |
|
(b) Reserves & Surplus |
115.911 |
156.231 |
136.549 |
|
(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) |
135.865 |
176.185 |
156.503 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
119.646 |
108.944 |
109.468 |
|
(b) Deferred tax liabilities (Net) |
4.441 |
5.043 |
5.173 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
10.837 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
134.924 |
113.987 |
114.641 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
207.060 |
196.633 |
217.683 |
|
(b) Trade payables |
135.240 |
150.201 |
105.279 |
|
(c) Other current
liabilities |
48.742 |
40.615 |
40.185 |
|
(d) Short-term provisions |
16.628 |
16.206 |
11.982 |
|
Total Current Liabilities (4) |
407.670 |
403.655 |
375.129 |
|
|
|
|
|
|
TOTAL |
678.459 |
693.827 |
646.273 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
261.852 |
264.952 |
255.619 |
|
(ii) Intangible Assets |
0.661 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
10.050 |
10.050 |
10.050 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.029 |
5.705 |
2.030 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
279.592 |
280.707 |
267.699 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
194.744 |
198.020 |
187.167 |
|
(c) Trade receivables |
141.941 |
131.870 |
121.429 |
|
(d) Cash and cash
equivalents |
13.984 |
27.987 |
13.312 |
|
(e) Short-term loans and
advances |
48.198 |
55.243 |
56.666 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
398.867 |
413.120 |
378.574 |
|
|
|
|
|
|
TOTAL |
678.459 |
693.827 |
646.273 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
887.906 |
790.240 |
722.914 |
|
|
|
Other Income |
NA |
10.101 |
1.540 |
|
|
|
TOTAL |
NA |
800.341 |
724.454 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(6.849) |
55.673 |
53.534 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
34.073 |
31.071 |
29.710 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(40.922) |
24.602 |
23.824 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.602) |
4.920 |
7.223 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(40.320) |
19.682 |
16.601 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
30.543 |
57.949 |
88.328 |
|
|
TOTAL EARNINGS |
30.543 |
57.949 |
88.328 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
78.958 |
75.642 |
25.525 |
|
|
|
Stores & Spares |
1.651 |
0.132 |
0.050 |
|
|
|
Capital Goods |
16.665 |
28.530 |
22.511 |
|
|
TOTAL IMPORTS |
97.274 |
104.304 |
48.086 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(202.07) |
98.63 |
83.20 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA |
2.46 |
2.29 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(4.61) |
3.11 |
3.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.12) |
3.60 |
3.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.30) |
0.14 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.40 |
1.73 |
2.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.98 |
1.02 |
1.01 |
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 |
19.954 |
19.954 |
19.954 |
|
Reserves & Surplus |
136.549 |
156.231 |
115.911 |
|
Net
worth |
156.503 |
176.185 |
135.865 |
|
|
|
|
|
|
long-term borrowings |
109.468 |
108.944 |
119.646 |
|
Short term borrowings |
217.683 |
196.633 |
207.060 |
|
Total
borrowings |
327.151 |
305.577 |
326.706 |
|
Debt/Equity
ratio |
2.090 |
1.734 |
2.405 |
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 |
722.914 |
790.240 |
887.906 |
|
|
|
9.313 |
12.359 |
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 |
722.914 |
790.240 |
887.906 |
|
Profit |
16.601 |
19.682 |
(40.320) |
|
|
2.30% |
2.49% |
(4.54%) |
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Term loans from banks # |
1.590 |
1.265 |
|
Loans and advances from others ## |
84.361 |
81.968 |
|
Loans and advance from related parties |
18.648 |
12.293 |
|
|
|
|
|
Total |
104.599 |
95.526 |
NOTE:
LONG TERM
BORROWINGS
#Unsecured term loan from bank is repayable over the period of 3 years and
carries interest rate of 18% p.a.
##Unsecured loan from other parties is repayable over the period of 5
years and carries interest rate of 14.75% to 18% p.a.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10452840 |
25/09/2013 |
15,788,082.00 |
ELECTRONICA FINANCE LIMITED |
128/A, PLOT NO.3, KAILASHCHANDRA APPARTMENTS, PAUD ROAD, KOTHRUD, PUNE,
MAHARASHTRA - 411038, INDIA |
B86568839 |
|
2 |
10374627 |
24/08/2012 |
4,929,764.00 |
ELECTRONICA FINANCE LIMITED |
128/A, PLOT NO.3, KAILASHCHANDRA APPARTMENTS, PAUD ROAD, KOTHRUD,
PUNE, MAHARASHTRA - 411038, INDIA |
B57341703 |
|
3 |
10343316 |
18/02/2012 |
2,030,055.00 |
ELECTRONICA FINANCE LIMITED |
128/A, PLOT NO.3, KAILASHCHANDRA APPARTMENTS, PAUD ROAD, KOTHRUD,
PUNE, MAHARASHTRA - 411038, INDIA |
B35512367 |
|
4 |
10216966 |
05/12/2011 * |
318,900,000.00 |
ALLAHABAD BANK |
A-6 SECTOR-10, NOIDA, NOIDA, UTTAR PRADESH - 201301, INDIA |
B27917426 |
|
5 |
10219810 |
23/03/2010 |
293,350,000.00 |
ALLAHABAD BANK |
A-6 SECTOR-10, NOIDA, NOIDA, UTTAR PRADESH - 201301, INDIA |
A85507929 |
* Date of charge modification
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Computers
·
Furniture and Fixture
·
Vehicles
·
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.60.16 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.82.04 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.