1. Summary Information
|
|
|
Country |
|
|
Company Name |
KOHINOOR
TELEVIDEO PRIVATE LIMITED |
Principal Name 1 |
Mr. Ramchand Phagunmal Mewani |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Vishal Ramchand Mewani |
|
|
|
Registration # |
11-057184 |
|
Street Address |
182, Haji Habib Building, Opposite Fire Brigade, Dr. Ambedkar Road,
Dadar (East), Mumbai - 400014, Maharashtra |
||
|
Established Date |
10.07.1990 |
SIC Code |
-- |
|
Telephone# |
91-22-23821472 |
Business Style 1 |
Trader |
|
Fax # |
91-22-23827154 |
Business Style 2 |
Supplier |
|
Homepage |
-- |
Product Name 1 |
Electronic Goods |
|
# of employees |
Not Divulged |
Product Name 2 |
Electrical Goods |
|
Paid up capital |
Rs. 2,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors - 100.00% |
Banking |
ING Vysya Bank
Limited |
|
Public Limited Corp. |
No |
Business Period |
24 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation |
Country |
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
225,273,000 |
Current Liabilities |
81,210,000 |
|
Inventories |
272,721,000 |
Long-term Liabilities |
385,422,000 |
|
Fixed Assets |
415,162,000 |
Other Liabilities |
99,081,000 |
|
Deferred Assets |
421,000 |
Total Liabilities |
565,713,000 |
|
Invest& other Assets |
9,000 |
Retained Earnings |
345,373,000 |
|
|
|
Net Worth |
347,873,000 |
|
Total Assets |
913,586,000 |
Total Liab. & Equity |
913,586,000 |
|
Total Assets (Previous Year) |
710,952,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
1,945,300,000 |
Net Profit |
80,208,000 |
|
Sales(Previous yr) |
1,723,000,000 |
Net Profit(Prev.yr) |
64,248,000 |
MIRA INFORM
REPORT
|
Report Date : |
07.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
KOHINOOR TELEVIDEO PRIVATE LIMITED (w.e.f. 07.11.2009) |
|
|
|
|
Formerly Known
As : |
GANESH TELEVIDEO AGENCIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
182, Haji Habib Building, Opposite Fire Brigade, Dr. Ambedkar Road,
Dadar (East), Mumbai - 400014, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
10.07.1990 |
|
|
|
|
Com. Reg. No.: |
11-057184 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32200MH1990PTC057184 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG06501F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG1298B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Distributors
and Supplier of Electronic and Electrical Goods. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1390000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The company possesses a favourable financial profile, with ample
liquidity marked by healthy net worth. Further, the management has seen an increase in its net profitability
during 2013. The ratings also take into consideration, the high operating costs and
wafer thin margins associated with the similar type of business in the
industry. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital firms
in India during 2013, registering a drop of about 18 % over the previous year.
The Information Technology and IT-Enabled Services Industry retained its
status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
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 (Tel. No.: 91-22-61160400)
LOCATIONS
|
Registered Office : |
182, Haji Habib Building, Opposite Fire Brigade, Dr. Ambedkar Road,
Dadar (East), Mumbai - 400014, Maharashtra, India |
|
Tel. No.: |
91-22-23821472/ 24156900/ 61160400 |
|
Fax No.: |
91-22-23827154/ 24127994 |
|
E-Mail : |
|
|
Location: |
Owned |
|
|
|
|
Head Office/ Shop : |
339, |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Ramchand Phagunmal Mewani |
|
Designation : |
Managing director |
|
Address : |
13th Floor, Privthvi Apartment, Altamount Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
24.03.1944 |
|
Date of Appointment : |
10.07.1990 |
|
PAN No.: |
AALPM2982J |
|
DIN No.: |
00214514 |
|
|
|
|
Name : |
Mr. Vishal Ramchand Mewani |
|
Designation : |
Director |
|
Address : |
13th Floor, Privthvi Apartment, Altamount Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
07.04.1974 |
|
Date of Appointment : |
30.09.1993 |
|
PAN No.: |
AFPPM2094G |
|
DIN No.: |
00214523 |
|
|
|
|
Name : |
Mr. Sanjay Ramchand Mewani |
|
Designation : |
Director |
|
Address : |
13th Floor, Privthvi Apartment, Altamount Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
30.12.1980 |
|
Date of Appointment : |
02.04.1998 |
|
PAN No.: |
AFNPM9829D |
|
DIN No.: |
00214529 |
|
|
|
|
Name : |
Bharati Ramchand Mewani |
|
Designation : |
Director |
|
Address : |
13th Floor, Privthvi Apartment, Altamount Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
01.05.1947 |
|
Date of Appointment : |
10.07.1990 |
|
PAN No.: |
AFOPM2333K |
|
DIN No.: |
00214534 |
|
|
|
|
Name : |
Priyanka Vishal Mewani |
|
Designation : |
Director |
|
Address : |
13th Floor, Privthvi Apartment, Altamount Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
31.07.1975 |
|
Date of Appointment : |
02.04.1998 |
|
PAN No.: |
AAAPL7279G |
|
DIN No.: |
00214537 |
|
|
|
|
Name : |
Varsha Sanjay Mewani |
|
Designation : |
Director |
|
Address : |
13th Floor, Privthvi Apartment, Altamount Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
17.11.1980 |
|
Date of Appointment : |
25.06.2003 |
|
PAN No.: |
ALIPS5933R |
|
DIN No.: |
00214540 |
|
|
|
|
Name : |
Mr. Rahul Dinesh Parwani |
|
Designation : |
Director |
|
Address : |
4, Neel Ganga, 1 Floor, 24th Road, Bandra, Mumbai – 400050,
Maharashtra, India |
|
Date of Birth/Age : |
02.09.1991 |
|
Date of Appointment : |
01.04.2011 |
|
PAN No.: |
AIWPP6008P |
|
DIN No.: |
03523346 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ramchand Phagunmal Mewani |
|
3030 |
|
Vishal Ramchand Mewani |
|
15250 |
|
Sanjay Ramchand Mewani |
|
6700 |
|
Bharati Ramchand Mewani |
|
10 |
|
Priyanka Vishal Mewani |
|
10 |
|
Total |
|
25000 |
As on 30.09.2013
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 : |
Trader, Distributors
and Supplier of Electronic and Electrical Goods. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· ING Vysya Bank Limited, 804/A, Ground Floor, Ghamat Lodge, Dr. Ambedkar Road, TT Terminus, Dadar (East), Mumbai - 400014, Maharashtra, India Thane Bharat Sahakari Bank Limited, Shatataraka, Baji
Prabhu Deshpande Marg, Vishnu Nagar, Naupada, Thane (West), Thane - 400602,
Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution: |
· Bajaj Finance Limited, Akurdi Pune, Mumbai Pune Road, Pune - 411035, Maharashtra, India Edelweiss Finance and Investments Limited, 2nd Floor,
MB Towers, Plot No. 5, Road No. 2, Banjara Hills, Hyderabad - 500034, Andhra
Pradesh, India |
|
|
|
|
Auditors : |
|
|
Name : |
Mulraj D Gala Chartered Accountant |
|
Address : |
B-21, Shashtri
Niketan, R K Chemburkar Marg, Behind Telephone Exchange, Chembur Naka,
Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-25294941 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAIPC0792P |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000 |
Equity Shares |
Rs. 100/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000 |
Equity Shares |
Rs. 100/- each |
Rs. 2.500 Millions |
|
|
|
|
|
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 |
|
|
2.500 |
|
(b) Reserves & Surplus |
|
|
345.373 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
347.873 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
306.337 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term liabilities |
|
|
0.016 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current Liabilities (3) |
|
|
306.353 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
79.085 |
|
(b) Trade payables |
|
|
56.115 |
|
(c) Other current
liabilities |
|
|
25.079 |
|
(d) Short-term provisions |
|
|
99.081 |
|
Total Current Liabilities (4) |
|
|
259.360 |
|
|
|
|
|
|
TOTAL |
|
|
913.586 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
409.858 |
|
(ii) Intangible Assets |
|
|
5.304 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv) Intangible
assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.009 |
|
(c) Deferred tax assets (net) |
|
|
0.421 |
|
(d) Long-term Loan and Advances |
|
|
40.859 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total Non-Current Assets |
|
|
456.451 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
272.721 |
|
(c) Trade receivables |
|
|
60.836 |
|
(d) Cash and cash
equivalents |
|
|
14.341 |
|
(e) Short-term loans and
advances |
|
|
109.237 |
|
(f) Other current assets |
|
|
0.000 |
|
Total Current Assets |
|
|
457.135 |
|
|
|
|
|
|
TOTAL |
|
|
913.586 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
2.500 |
2.500 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
265.165 |
201.541 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
267.665 |
204.041 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
277.195 |
121.465 |
|
|
2] Unsecured Loans |
|
19.152 |
11.006 |
|
|
TOTAL BORROWING |
|
296.347 |
132.471 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
564.012 |
336.512 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
325.909 |
208.520 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.009 |
0.009 |
|
|
DEFERRED TAX ASSETS |
|
0.605 |
0.214 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
204.909
|
154.934 |
|
|
Sundry Debtors |
|
59.970
|
55.308 |
|
|
Cash & Bank Balances |
|
10.777
|
8.791 |
|
|
Other Current Assets |
|
0.000
|
0.000 |
|
|
Loans & Advances |
|
108.773
|
52.224 |
|
Total
Current Assets |
|
384.429
|
271.257 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
50.547
|
55.690 |
|
|
Other Current Liabilities |
|
29.630
|
36.059 |
|
|
Provisions |
|
66.763
|
51.739 |
|
Total
Current Liabilities |
|
146.940
|
143.488 |
|
|
Net Current Assets |
|
237.489
|
127.769 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
564.012 |
336.512 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1945.300 |
1723.000 |
1450.400 |
|
|
|
Other Income |
N.A. |
N.A. |
N.A. |
|
|
|
TOTAL |
N.A. |
N.A. |
N.A. |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
N.A. |
N.A. |
N.A. |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
134.851 |
113.409 |
119.946 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
22.112 |
18.272 |
12.148 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
112.739 |
95.137 |
107.798 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
32.531 |
30.889 |
35.743 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
80.208 |
64.248 |
72.055 |
|
|
|
|
|
|
|
|
|
Add/ Less |
TAX ADJUSTMENT
(PREVIOUS YEAR) |
0.000 |
(0.624) |
(1.012) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
80.208 |
63.624 |
71.043 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3208.32 |
2569.92 |
1298.72 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.80
|
5.52
|
7.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.35
|
13.39
|
22.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.36
|
0.53 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.11
|
1.11
|
0.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.76
|
2.62
|
1.89 |
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 |
1450.400 |
1723.000 |
1945.300 |
|
|
|
18.795 |
12.902 |
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 |
1450.400 |
1723.000 |
1945.300 |
|
Profit |
72.055 |
64.248 |
80.208 |
|
|
4.97% |
3.73% |
4.12% |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
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 |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10442029 |
14/06/2013 |
82,500,000.00 |
ING VYSYA BANK LIMITED |
804/A, GROUND FLOOR, GHAMAT LODGE, DR. AMBEDKAR ROAD, TT TERMINUS, DADAR (EAST), MUMBAI - 400014, MAHARASHTRA, INDIA |
B81682882 |
|
2 |
10378216 |
01/10/2012 |
120,000,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE, MUMBAI PUNE ROAD, PUNE - 411035, MAHARASHTRA, INDIA |
B58787532 |
|
3 |
10302797 |
18/08/2011 |
90,000,000.00 |
EDELWEISS FINANCE AND INVESTMENTS LIMITED |
2ND FLOOR, MB TOWERS, PLOT NO 5, ROAD NO 2, BANJARA HILLS, HYDERABAD - 500034, ANDHRA PRADESH, INDIA |
B19031327 |
|
4 |
10173793 |
14/06/2013 * |
140,000,000.00 |
ING VYSYA BANK LIMITED |
804/A, GROUND FLOOR, GHAMAT LODGE, DR. AMBEDKAR ROAD, TT TERMINUS, DADAR EAST, MUMBAI - 400014, MAHARASHTRA, INDIA |
B81683484 |
|
5 |
10157381 |
15/05/2009 |
28,020,000.00 |
CITIBANK N. A. |
CITITOWER, DR. S. S. RAO ROAD, PAREL, MUMBAI - 400012, MAHARASHTRA, INDIA |
A62233077 |
|
6 |
10077994 |
23/11/2007 |
30,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
A27934439 |
|
7 |
10080149 |
30/09/2006 |
10,000,000.00 |
THANE BHARAT SAHAKARI BANK LIMITED |
SHATATARAKA, BAJI
PRABHU DESHPANDE MARG, VISHNU N |
A12504767 |
|
8 |
10002164 |
28/03/2006 |
5,000,000.00 |
THANE BHARAT SAHAKARI BANK LIMITED THANE |
SHATATARAKA, BAJI
PRABHU DESHPANDE MARG, VISHNU N |
A00552554 |
|
9 |
80014843 |
17/01/2006 |
20,000,000.00 |
THANE BHARAT SAHKARI BANK LIMITED |
SHATATARAKA, BAJI PRABHU
DESHPANDE MARG, VISHNU N |
- |
|
10 |
90154371 |
19/08/2004 |
14,000,000.00 |
THANE BHARAT SAHAKARI BANK LIMITED |
SHATARNAKA ; BAJI PRABHU DESHPANDE MARG, VISNU MARG, THANE - 400602, MAHARASHTRA, INDIA |
- |
|
11 |
90154696 |
05/07/2004 * |
5,000,000.00 |
PUNJAB NATIONAL BANK |
OPERA HOUSE, LAMINGTON ROAD, MUMBAI - 400004, MAHARASHTRA, INDIA |
- |
|
12 |
90154684 |
18/06/2003 * |
15,000,000.00 |
PUNJAB NATIONAL BANK |
OPERA HOUSE, MUMBAI - 400004, MAHARASHTRA, INDIA |
- |
|
13 |
90154506 |
05/09/1995 |
500,000.00 |
PUNJAB NATIONAL BANK |
OPERA HOUSE, MUMBAI - 400004, MAHARASHTRA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
20.025 |
19.152 |
|
Total |
20.025 |
19.152 |
CHANGE OF ADDRESS
The registered address of the company has been shifted from Shop No. 44,
Rajesh Building, Lamington Road, Mumbai – 400007, Maharashtra, India to the
present w.e.f. 02.03.2010
OPERATION
The sales volume for the financial year ended 31st March 2013 was Rs. 1945.300 Millions as compared to Rs. 1723.000 Millions of the previous years. Profit before tax is Rs. 112.700 Millions.
FIXED ASSETS
v
Tangible
Assets
Buildings
Furniture
and fixtures
Vehicles
Motor
Vehicles
Office
equipment
Computer
Equipment’s
Other
Equipment’s
v
Intangible Assets
Goodwill
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 records 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.61.32 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.84.19 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
|
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.