1. Summary Information
|
Country |
India |
||
|
Company Name |
NEXT RETAIL
INDIA LIMITED |
Principal Name 1 |
Mr. Krishnamahari Soundrarajan Raman |
|
Status |
Moderate |
Principal Name 2 |
Mr. Sanjay Jugalkishore Karwa |
|
Registration # |
11-143371 |
||
|
Street Address |
Auto Cars
Compound, Adalat Road, Aurangabad – 431 005, Maharashtra |
||
|
Established Date |
04.12.2003 |
SIC Code |
-- |
|
Telephone# |
91-240-2354564 |
Business Style 1 |
Trader |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Electrical |
|
|
# of employees |
Not Divulged |
Product Name 2 |
Electronic Appliances |
|
Paid up capital |
Rs.1112,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies
corporate – 91.01%, Other
top fifty shareholders – 8.99 % |
Banking |
Industrial Development Bank of India Limited |
|
Public Limited Corp. |
No |
Business Period |
11 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (27) |
|
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 |
3658,226,000 |
Current Liabilities |
1549,947,000 |
|
Inventories |
4310,381,000 |
Long-term Liabilities |
5657,595,000 |
|
Fixed Assets |
537,297,000 |
Other Liabilities |
235,766,000 |
|
Deferred Assets |
132,331,000 |
Total Liabilities |
7,443,308,000 |
|
Invest& other Assets |
2,090,000 |
Retained Earnings |
85,017,000 |
|
|
|
Net Worth |
1197,017,000 |
|
Total Assets |
8,640,325,000 |
Total Liab. & Equity |
8,640,325,000 |
|
Total Assets (Previous Year) |
10800,689,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
10709,794,000 |
Net Profit |
(277,399,000) |
|
Sales(Previous yr) |
12271,306,000 |
Net Profit(Prev.yr) |
(132,340,000) |
MIRA INFORM REPORT
|
Report Date : |
10.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
NEXT RETAIL INDIA LIMITED (w.e.f. 26.04.2007) |
|
|
|
|
Formerly Known
As : |
E MART INDIA LIMITED |
|
|
|
|
Registered
Office : |
Auto Cars Compound, Adalat Road, Aurangabad – 431 005, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
04.12.2003 |
|
|
|
|
Com. Reg. No.: |
11-143371 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1112.000
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51395MH2003PLC143371 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKE00404F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCE3142P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is primarily engaged in trading of Electrical and Electronic
Appliances. |
|
|
|
|
No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 4790000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
It is an established company having moderate track record. The company has taken huge external borrowing, which acts as threatening
to the liquidity position of the company. Further company has incurred losses
from its operational activities and reserves of the company seems to be low. However, trade relations are fair. Business is active. Payment terms
are slow. 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
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 BY
|
Name : |
Mr. Chaitanya |
|
Designation : |
Account Executive |
|
Contact No.: |
91-9325709205 |
|
Date : |
06.03.2014 |
LOCATIONS
|
Registered Office : |
Auto Cars Compound, Adalat Road, Aurangabad – 431 005, Maharashtra,
India |
|
Tel. No.: |
91-240-2354564 |
|
Mobile : |
91-9325709205 (Mr. Chaitanya) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3500 sq ft |
|
Location : |
Owned |
|
|
|
|
Corporate Office/ Factory : |
1st Floor, Shiv Ashish, Behind Lathia Rubber, Andheri Kurla
Road, Sakinaka, Andheri (East), Mumbai – 400072, Maharashtra, India. |
|
Tel. No.: |
91-22-66897500 |
|
Fax No.: |
91-22-28598484 |
|
E-Mail : |
|
|
Area : |
25000 sq ft |
|
Location : |
Owned |
|
|
|
|
Mumbai - Head
Office : |
Adheshwar Arcade, Andheri Kurla Road, Andheri (East), Mumbai – 400093,
Maharashtra, India |
|
Tel. No.: |
91-240-2354564 / 2342265 |
|
Location : |
Rented |
|
|
|
|
Branch Office 1
: |
Shahanur Wadi Road, Pratap Nagar, Near Akshay Dental Hospital, Aurangabad – 431 005, Maharashtra, India |
|
Tel. No.: |
91-240-2342265 |
|
|
|
|
Branch Office : |
Also located at:
·
Gurgaon ·
Lucknow ·
Ghaziabad ·
Chandigarh ·
Jaipur ·
Kolkata ·
Ranchi ·
Raipur ·
Indore ·
Nagpur ·
Pune · Nasik · Surat · Ahmedabad · Bangalore ·
Hyderabad ·
Vijayawada ·
Tirupati ·
Calicut ·
Cochin ·
Chennai ·
Madurai |
DIRECTORS
As on 27.09.2013
|
Name : |
Mr. Krishnamahari Soundrarajan Raman |
|
Designation : |
Director |
|
Address : |
67, Mysore Colony, RCF P.O., Chembur, Mumbai
– 400 074, Maharashtra, India |
|
Date of Birth/Age : |
17.07.1947 |
|
Date of Appointment : |
06.11.2004 |
|
DIN : |
00096768 |
|
|
|
|
Name : |
Mr. Sanjay Jugalkishore Karwa |
|
Designation : |
Director |
|
Address : |
Flat No.39, Ahinsa Nagar, Aurangabad – 431
001, Maharashtra, India |
|
Date of Birth/Age : |
17.08.1967 |
|
Date of Appointment : |
06.01.2012 |
|
DIN : |
03602469 |
|
|
|
|
Name : |
Mr. Rajendra Bang |
|
Designation : |
Additional Director |
|
Address : |
Mohan Bag, Delhi Gate, Ahmednagar – 414001,
Maharashtra, India |
|
Date of Birth/Age : |
22.09.1962 |
|
Date of Appointment : |
02.09.2013 |
|
DIN : |
02780144 |
KEY EXECUTIVES
|
Name : |
Mr. Bipinchandra Madhav Joglekar |
|
Designation : |
Secretary |
|
Address : |
Plot No.39, Manas Building, Sudarshan Nagar,
Chinchwad, Pune – 411 033, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1987 |
|
Date of Appointment : |
10.09.2012 |
|
PAN No.: |
AMXPJ2768D |
|
|
|
|
Name : |
Mr. Chaitanya |
|
Designation : |
Account Executive |
|
E-Mail: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Platinum Appliances
Private Limited, India |
|
36000 |
|
Synergy
Appliances Private Limited, India |
|
36000 |
|
Videocon
Industries Limited, India |
|
21036000 |
|
Greenfield
Appliances Private Limited, India |
|
36000 |
|
Electroparts
(India) Private Limited, India |
|
10000000 |
|
TekCare
India Private Limited, India |
|
5000000 |
|
Anirudha
V. Dhoot |
|
2000000 |
|
Saurabh P.
Dhoot |
|
2000000 |
|
Venugopal
N. Dhoot |
|
2000000 |
|
Pradipkumar
N. Dhoot |
|
2000000 |
|
Rajkumar
N. Dhoot |
|
2000000 |
|
Tangent
Electronics Private Limited |
|
30036000 |
|
Indian
Refrigeration Company Limited |
|
20020000 |
|
Applicomp
(India) Limited |
|
15000000 |
|
Total |
|
111200000 |
As on 27.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
91.01 |
|
Other
top fifty shareholders |
|
8.99 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in trading of Electrical and Electronic
Appliances. |
|
|
|
|
Terms : |
|
|
Selling : |
Depend |
|
|
|
|
Purchasing : |
Depend |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
SBICAP Trustee Company Limited, 202, Maker Tower, 'E', Cuffe Parade,
Colaba, Mumbai – 400 005, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
KSS and Company Chartered Accountants |
|
Address : |
3801, Barde Lane, Navi Peth, Ahmedabad – 414 001, Maharashtra, India |
|
PAN No: |
AAIFK3397A |
CAPITAL STRUCTURE
As on 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
125000000 |
Equity Shares |
Rs.10/- each |
Rs.1250.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
111200000 |
Equity Shares |
Rs.10/- each
|
Rs.1112.000
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1,112.000 |
1,112.000 |
|
(b) Reserves & Surplus |
|
85.017 |
362.416 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1,197.017 |
1,474.416 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1,857.900 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
4.130 |
5.009 |
|
Total
Non-current Liabilities (3) |
|
1,862.030 |
5.009 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
3,799.695 |
7,386.558 |
|
(b) Trade payables |
|
1,545.081 |
1,566.509 |
|
(c) Other current liabilities |
|
235.766 |
367.277 |
|
(d) Short-term provisions |
|
0.736 |
0.920 |
|
Total
Current Liabilities (4) |
|
5,581.278 |
9,321.264 |
|
|
|
|
|
|
TOTAL |
|
8,640.325 |
10,800.689 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
535.457 |
499.307 |
|
(ii) Intangible Assets |
|
1.840 |
1.676 |
|
(iii) Capital work-in-progress |
|
0.000 |
54.920 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
2.090 |
2.090 |
|
(c) Deferred tax assets (net) |
|
132.331 |
13.999 |
|
(d) Long-term Loan and Advances |
|
346.248 |
339.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
1,017.966 |
910.992 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
4,310.381 |
4,397.940 |
|
(c) Trade receivables |
|
2,641.347 |
2,453.718 |
|
(d) Cash and cash equivalents |
|
187.551 |
262.830 |
|
(e) Short-term loans and
advances |
|
409.588 |
2,652.696 |
|
(f) Other current assets |
|
73.492 |
122.513 |
|
Total
Current Assets |
|
7,622.359 |
9,889.697 |
|
|
|
|
|
|
TOTAL |
|
8,640.325 |
10,800.689 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1112.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
494.825 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1606.825 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3040.525 |
|
|
2] Unsecured Loans |
|
|
3538.675 |
|
|
TOTAL BORROWING |
|
|
6579.200 |
|
|
DEFERRED TAX LIABILITIES |
|
|
20.481 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8206.506 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
419.447 |
|
|
Capital work-in-progress |
|
|
82.272 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
2.090 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
3939.265
|
|
|
Sundry Debtors |
|
|
1709.101
|
|
|
Cash & Bank Balances |
|
|
1570.779
|
|
|
Other Current Assets |
|
|
152.662
|
|
|
Loans & Advances |
|
|
1792.508
|
|
Total
Current Assets |
|
|
9164.315
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
1149.169
|
|
|
Other Current Liabilities |
|
|
305.805
|
|
|
Provisions |
|
|
6.644
|
|
Total
Current Liabilities |
|
|
1461.618
|
|
|
Net Current Assets |
|
|
7702.697
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8206.506 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
10,709.794 |
12,271.306 |
12532.960 |
|
|
Other Income |
9.977 |
16.945 |
58.783 |
|
|
TOTAL
(A) |
10,719.771 |
12,288.251 |
12591.743 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
8,823.528 |
10,250.136 |
0.000 |
|
|
Cost of goods sold |
0.000 |
0.000 |
9956.749 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
120.321 |
(438.699) |
0.000 |
|
|
Employees benefits expense |
241.261 |
303.335 |
0.000 |
|
|
Salaries wages and employee’s benefits
Expenses |
0.000 |
0.000 |
343.318 |
|
|
Operating and other Expenses |
0.000 |
0.000 |
1591.831 |
|
|
Other expenses |
864.252 |
1,265.345 |
0.000 |
|
|
TOTAL
(B) |
10,049.362 |
11,380.117 |
11891.898 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
670.409 |
908.134 |
699.845 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1,020.174 |
981.798 |
628.581 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(349.765) |
(73.664) |
71.264 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
45.633 |
40.056 |
40.910 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, EXCEPTIONAL ITEMS, EXTRAORDINARY ITEMS |
(395.398) |
(113.720) |
30.354 |
|
|
|
|
|
|
|
Less/ Add |
EXTRAORDINARY
ITEMS |
0.000 |
53.100 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(395.398) |
(166.820) |
30.354 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
(117.999) |
(34.480) |
12.613 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
(277.399) |
(132.340) |
17.741 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(2.49) |
(1.19) |
0.16 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.59
|
1.08
|
0.14
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.69
|
1.36
|
0.24
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.65
|
1.55
|
0.32
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.11
|
0.02
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.73
|
5.01
|
4.09
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37
|
1.06
|
6.27
|
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 |
1,112.000 |
1,112.000 |
1,112.000 |
|
Reserves & Surplus |
494.825 |
362.416 |
85.017 |
|
Net
worth |
1,606.825 |
1,474.416 |
1,197.017 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
1,857.900 |
|
Short term borrowings |
6,579.199 |
7,386.558 |
3,799.695 |
|
Total
borrowings |
6,579.199 |
7,386.558 |
5,657.595 |
|
Debt/Equity
ratio |
4.095 |
5.010 |
4.726 |
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 |
12,532.960 |
12,271.306 |
10,709.794 |
|
|
|
(2.088) |
(12.725) |
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 |
12,532.960 |
12,271.306 |
10,709.794 |
|
Profit After Tax |
17.741 |
(132.340) |
(277.399) |
|
|
0.14% |
(1.08%) |
(2.59%) |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 |
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 |
No |
|
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
|
Particulars |
31.03.2013 (Rs.
in millions) |
31.03.2012 (Rs.
in millions) |
|
Short Term Borrowing |
|
|
|
Rupee term loans
banks unsecured |
0.000 |
3583.020 |
|
Total
|
0.000 |
3583.020 |
OPERATIONS:
During the year, the
Company has earned a total income of Rs.10719.770 millions as against
Rs.12288.250 millions for the previous year representing an increase of 15.10%
as compared to the previous year. Total Expenditure amounted to Rs.11115.160
millions as against Rs.12401.970 millions and the Net Profit after Tax amounted
to Rs.277.400 millions as against Rs.132.340 million for the previous year.
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10414628 |
20/03/2013 |
174,720,000,000.00 |
SBICAP TRUSTEE
COMPANY LIMITED |
202, MAKER
TOWER, 'E', CUFFE PARADE,, COLABA,, MU |
B71755623 |
|
2 |
10394870 |
13/12/2012 |
5,000,000,000.00 |
ALLAHABAD BANK |
Industrial
Finance Branch, 2nd Floor, 37,, Mumbai |
B65127904 |
|
3 |
10393338 |
17/11/2012 |
3,000,000,000.00 |
BANK OF INDIA |
SUSHILP, 1290, SHIVAI
NAHAR, OPP HOTEL SWAN INN, |
B64658925 |
|
4 |
10362310 |
14/06/2012 |
25,000,000,000.00 |
CENTRAL BANK OF
INDIA |
IFB, Chander
Mukhi,, Ground Floor, Nariman Point, |
B42305680 |
|
5 |
10352181 |
30/04/2012 |
6,500,000,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, Guj |
B38389136 |
|
6 |
10353434 |
24/04/2012 |
7,500,000,000.00 |
STATE BANK OF
INDIA |
Corporate
Accounts Group Branch, Neville House,, |
B38853230 |
|
7 |
10337615 |
18/02/2012 |
30,250,000,000.00 |
IDBI Bank
Limited |
IDBI TOWERWTC COMPLEX,
CUFFE PARADE, MUMBAI, Maha |
B32984353 |
|
8 |
10305803 |
22/07/2011 |
900,000,000.00 |
Allahabad Bank |
Industrial
Finance Branch, Allahabad Bank Building |
B20324794 |
|
9 |
10088875 |
06/02/2008 |
3,200,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
Asian Bldg.,
Ground Floor, 17, R.Kamani Marg,, Ba |
A32947699 |
|
10 |
10089876 |
14/10/2011 * |
5,519,000,000.00 |
IDBI Bank
Limited |
IDBI TOWERWTC
COMPLEX, CUFFE PARADE, MUMBAI, Maha |
B23232408 |
* Date of charge modification
FIXED ASSETS:
Tangible Assets:
·
Building
·
Electrical Installation
·
Computers
·
Furniture and Fixtures
·
Office Equipments
·
Vehicle
Intangible Assets:
·
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.61.32 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.84.19 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
|
27 |
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.