MIRA INFORM REPORT
|
Report Date : |
21.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
SANDHAR TECHNOLOGIES LIMITED SANDHAR COMPONENTS (A DIVISION OF SANDHAR
TECHNOLOGIES LIMITED) |
|
|
|
|
Registered
Office : |
C-101 A, Ansal Plaza, HUDCO Place, Khelgaon Marg, New Delhi, Delhi –
110049 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.10.1987 |
|
|
|
|
Com. Reg. No.: |
55-029553 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.93.738 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34360DL1987PLC029553 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS0512J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Auto components for two wheeler and four wheelers
Industry. |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6800000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having a satisfactory track
record. The company has recorded better growth in its turnover during 2013,
however, profit dipped. General financial position of the company is good. Trade relations are reported to be fair. Business is active. Payment
terms are usually correct and as per commitment. The company can be considered 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
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years, according
to the Indian Banks Association. A study by trade lobby Assocham in September
2013 indicated that banks would need 800000 people in the next six years. It
estimated that state-run lenders alone would hire 50000 people in 2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs 8140
mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
India Rating |
|
Rating |
Long Term Issuer Rating IND (A-) |
|
Rating Explanation |
Adequate degree of safety. It carry low
credit risk. |
|
Date |
January 2013 |
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 (91-124-4959900)
LOCATIONS
|
Registered Office : |
C-101 A, Ansal Plaza, HUDCO Place, Khelgaon Marg, New Delhi, Delhi –
110049, India |
|
Tel. No.: |
91-124-4959904 |
|
Fax No.: |
Not Available |
|
Mobile No.: |
91-9650052414 (Ms. Vinita Shaw) |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
3, HSIIDC Industrial Area, Sector -18, Old Delhi Gurgaon Road, Gurgaon
– 122015, Haryana, India |
|
Tel. No.: |
91-124-4959900/901 |
|
Fax No.: |
91-124-4012845 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Plot No.24-25, Sector 3, IMT Manesar, Gurgaon – 122050, Haryana, India |
DIRECTORS
AS ON 03.07.2013
|
Name : |
Mr. Jayant Davar |
|
Designation : |
Managing director |
|
Address : |
B-5/82, Safdarjung Enclave, New Delhi, Delhi – 110029, India |
|
Date of Birth/Age : |
18.10.1961 |
|
Date of Appointment : |
24.10.1987 |
|
DIN No.: |
00100801 |
|
|
|
|
Name : |
Mr. Dharmendar Nath Davar |
|
Designation : |
Director |
|
Address : |
B-5/82, Safdarjung Enclave, New Delhi, Delhi – 110029, India |
|
Date of Birth/Age : |
08.08.1934 |
|
Date of Appointment : |
02.07.1994 |
|
DIN No.: |
00002008 |
|
|
|
|
Name : |
Mr. Arvind Pande |
|
Designation : |
Director |
|
Address : |
E-148, First Floor, East of Kailash, New Delhi, Delhi – 110065, India |
|
Date of Birth/Age : |
07.09.1942 |
|
Date of Appointment : |
14.03.2003 |
|
DIN No.: |
00007067 |
|
|
|
|
Name : |
Mr. Gaurav Dalmia |
|
Designation : |
Nominee director |
|
Address : |
Dalmia House, 20F Prithvi Raj Road, New Delhi, Delhi – 110011, India |
|
Date of Birth/Age : |
26.09.1965 |
|
Date of Appointment : |
30.03.2012 |
|
DIN No.: |
00009639 |
|
|
|
|
Name : |
Mr. Chandra Mohan |
|
Designation : |
Director |
|
Address : |
202, Sector 36A, Chandigarh, Union Teritory – 160036, India |
|
Date of Birth/Age : |
30.12.0932 |
|
Date of Appointment : |
02.02.1993 |
|
DIN No.: |
00017621 |
|
|
|
|
Name : |
Mr. Satyapal Wahi |
|
Designation : |
Director |
|
Address : |
Villa No. 8/C, Ardee City Sector 52, Gurgaon Haryana – 122003, India |
|
Date of Birth/Age : |
06.11.1929 |
|
Date of Appointment : |
02.07.1994 |
|
DIN No.: |
00083488 |
|
|
|
|
Name : |
Mr. Arvind Kapur |
|
Designation : |
Director |
|
Address : |
181-c Western Avenue Sanik, Farms, New Delhi, Delhi – 110062, India |
|
Date of Birth/Age : |
05.07.1950 |
|
Date of Appointment : |
01.10.2005 |
|
DIN No.: |
00096308 |
|
|
|
|
Name : |
Mrs. Monica Davar |
|
Designation : |
Director |
|
Address : |
B-5/82, Safdarjung Enclave, New Delhi, Delhi – 110029, India |
|
Date of Birth/Age : |
07.09.1965 |
|
Date of Appointment : |
24.10.1987 |
|
DIN No.: |
00100875 |
|
|
|
|
Name : |
Mr. Krishan Lal Chugh |
|
Designation : |
Director |
|
Address : |
N-79, Panchsheel Park, New Delhi, Delhi – 110017, India |
|
Date of Birth/Age : |
13.09.1937 |
|
Date of Appointment : |
14.03.2003 |
|
DIN No.: |
00140124 |
|
|
|
|
Name : |
Mr. Ravinder Nagpal |
|
Designation : |
Director |
|
Address : |
B – 8/14 First Floor, Vasant Vihar, New Delhi, Delhi – 110057, India |
|
Date of Birth/Age : |
06.04.1956 |
|
Date of Appointment : |
21.11.2001 |
|
DIN No.: |
00102970 |
|
|
|
|
Name : |
Mr. Mohan Lal Bhagat |
|
Designation : |
Director |
|
Address : |
24-B, New Road, Ali Pore, Kolkata, West Bengal – 700027, India |
|
Date of Birth/Age : |
23.06.1935 |
|
Date of Appointment : |
02.02.1993 |
|
DIN No.: |
00699750 |
|
|
|
|
Name : |
Mr. Arvind Joshi |
|
Designation : |
Whole-time Director |
|
Address : |
G-39, 2nd Floor, Kirti Nagar, New Delhi – 110 015, India |
|
Date of Birth/Age : |
25.09.1966 |
|
Date of Appointment : |
01.06.2013 |
|
DIN No.: |
01877905 |
KEY EXECUTIVES
|
Name : |
Mr. Arvind Joshi |
|
Designation : |
Secretary |
|
Address : |
G-39, 2nd Floor, Kirti Nagar, New Delhi, Delhi – 110015,
India |
|
Date of Birth/Age : |
25.09.1966 |
|
Date of Appointment : |
04.12.2006 |
|
PAN No.: |
AEHPJ6988M |
MAJOR SHAREHOLDERS
AS ON 03.07.2013
|
Names of Shareholders |
No. of Shares |
|
Jayant Davar |
30825907 |
|
Monica Davar |
2622725 |
|
Master Neeljay Davar |
1555995 |
|
D. N. Davar |
839582 |
|
Santosh Davar |
785950 |
|
Poonam Juneja |
62265 |
|
Sandhar Estates Private Limited |
350280 |
|
YSG Estates Private Limited |
1662032 |
|
Sanjeevni Impex Private Limited |
1667727 |
|
Sandhar Enterprises |
90909 |
|
Sandhar Infosystems Limited |
793569 |
|
Jubin Finance and Investment Limited
|
573508 |
|
GTI Capital Beta Private Limited, Mauritius |
5038401 |
|
Total |
46868850 |
Equity Share Break up (Percentage of Total Equity)
AS ON 03.07.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
10.75 |
|
Bodies corporate |
10.96 |
|
Directors or relatives of Directors |
78.29 |
|
Total |
100.00 |
%20-%20258365%2021-Mar-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Auto components for two wheeler and four wheelers
Industry. |
|
|
|
|
Products : |
·
Locking Systems ·
Vision Systems ·
Handles ·
Latches & Hinges ·
Sheet Metal Stamping ·
Zinc Die Casting ·
Aluminum Die Casting ·
Plastic Injection Molding ·
Wheel Rims & Assemblies ·
Handle Bars ·
Clutch & Brake Panels ·
Fender & Muffler Assemblies ·
Moulds & Dies · Fabrication |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management
|
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|
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|
Bankers : |
· Standard Chartered Bank, Credit Risk Control, Narain Manzil, 23 Barakhamba Road, New Delhi – 110001, Delhi, India · CITI Bank N.A., Jeevan Vihar, 3 Sansad Marg, New Delhi – 110001, Delhi, India · Indusind Bank Limited, Dr. Gopal Das Building, 28, Barakhamba Road, New Delhi – 110001, Delhi, India · The Hongkong and Shanghai Banking Corporation Limited, Birla House, 25, Barakhamba Road, New Delhi – 110001, Delhi, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Aditya Birla Finance Limited, Indian Rayon Compound, Veraval – 362266,
Gujarat, India |
|
|
|
|
Auditors : |
|
|
Name : |
S.R.Batliboi and Company Chartered Accountants |
|
Address : |
Tower B, Sector-42, Gurgaon, Haryana, India |
|
PAN No.: |
AALFS0506L |
|
|
|
|
Related Parties : |
· Sanjeevni Impex Private Limited CIN No. U74140DL2000PTC106407 · Sld Auto Ancillary Limited CIN No. U34300DL2003PLC123094 · Sandhar Infosystemslimited CIN No. U74899DL2000PLC106824 · Sandhar Estatesprivate Limited CIN No. U51109DL2000PTC106728 · Ysg Estates Private Limited CIN No. U45201DL2001PTC113333 · Kdb Investments Private Limited CIN No. U67120DL2001PTC110707 · Jubin Finance And Investment Limited CIN No. U65910HR1995PLC032801 |
|
|
|
|
Associates/Subsidiaries : |
· Swaran Enterprises · Sandhar Technologies Barcelona, s.l. · Sandhar Tooling Private Limited |
CAPITAL STRUCTURE
AS ON 03.07.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
140750000 |
Equity Shares |
Rs.2/- each |
Rs.281.500 Millions |
|
200000 |
Preference Shares |
Rs.100/- each |
Rs.20.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.301.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46868850 |
Equity Shares |
Rs.2/- each |
Rs.93.738 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 |
93.738 |
93.738 |
102.683 |
|
(b) Reserves & Surplus |
1605.340 |
1226.537 |
1405.318 |
|
(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) |
1699.078 |
1320.275 |
1508.001 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1252.698 |
873.319 |
620.116 |
|
(b) Deferred tax liabilities (Net) |
113.955 |
108.223 |
109.440 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
13.024 |
|
Total Non-current
Liabilities (3) |
1366.653 |
981.542 |
742.580 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
304.676 |
339.630 |
134.176 |
|
(b) Trade
payables |
1265.182 |
1169.201 |
811.164 |
|
(c) Other
current liabilities |
720.625 |
366.146 |
448.618 |
|
(d) Short-term
provisions |
150.531 |
68.595 |
144.576 |
|
Total Current
Liabilities (4) |
2441.014 |
1943.572 |
1538.534 |
|
|
|
|
|
|
TOTAL |
5506.745 |
4245.389 |
3789.115 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3186.695 |
2288.832 |
1830.629 |
|
(ii)
Intangible Assets |
43.779 |
37.814 |
26.939 |
|
(iii) Capital
work-in-progress |
164.091 |
80.330 |
285.525 |
|
(iv)
Intangible assets under development |
5.943 |
6.047 |
3.761 |
|
(b) Non-current Investments |
354.987 |
282.057 |
255.093 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
168.267 |
142.298 |
144.411 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
6.139 |
|
Total Non-Current
Assets |
3923.762 |
2837.378 |
2552.497 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
37.108 |
0.000 |
0.000 |
|
(b)
Inventories |
572.689 |
494.882 |
386.032 |
|
(c) Trade
receivables |
784.813 |
799.963 |
733.587 |
|
(d) Cash
and cash equivalents |
59.066 |
34.838 |
20.480 |
|
(e)
Short-term loans and advances |
122.057 |
76.146 |
96.307 |
|
(f) Other
current assets |
7.250 |
2.182 |
0.212 |
|
Total
Current Assets |
1582.983 |
1408.011 |
1236.618 |
|
|
|
|
|
|
TOTAL |
5506.745 |
4245.389 |
3789.115 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
9623.669 |
8736.847 |
7207.551 |
|
|
|
Other Income |
35.528 |
23.662 |
30.037 |
|
|
|
TOTAL (A) |
9659.197 |
8760.509 |
7237.588 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
6650.431 |
6111.794 |
4962.895 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(89.900) |
(24.761) |
(13.322) |
|
|
|
Employee Benefits Expenses |
1009.460 |
798.754 |
630.437 |
|
|
|
Other Expenses |
1209.513 |
1036.154 |
903.800 |
|
|
|
Prior Period Items |
0.000 |
0.000 |
2.905 |
|
|
|
TOTAL (B) |
8779.504 |
7921.941 |
6486.715 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
879.693 |
838.568 |
750.873 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
311.577 |
196.281 |
141.382 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
568.116 |
642.287 |
609.491 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
284.425 |
241.835 |
227.828 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G)
|
283.691 |
400.452 |
381.663 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
55.031 |
116.606 |
127.928 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
228.660 |
283.846 |
253.735 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.88 |
5.67 |
4.94 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.37 |
3.24 |
3.51 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.95 |
4.58 |
5.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.69 |
10.33 |
11.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.30 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.92 |
0.92 |
0.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.65 |
0.72 |
0.80 |
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 |
102.683 |
93.738 |
93.738 |
|
Reserves & Surplus |
1405.318 |
1226.537 |
1605.340 |
|
Net
worth |
1508.001 |
1320.275 |
1699.078 |
|
|
|
|
|
|
long-term borrowings |
620.116 |
873.319 |
1252.698 |
|
Short term borrowings |
134.176 |
339.630 |
304.676 |
|
Total
borrowings |
754.292 |
1212.949 |
1557.374 |
|
Debt/Equity
ratio |
0.500 |
0.919 |
0.917 |
%20-%20258365%2021-Mar-2014_files/image004.gif)
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 |
7207.551 |
8736.847 |
9623.669 |
|
|
|
21.218 |
10.150 |
%20-%20258365%2021-Mar-2014_files/image006.gif)
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
|
7207.551 |
8736.847 |
9623.669 |
|
Profit |
253.735 |
283.846 |
228.660 |
|
|
3.52% |
3.25% |
2.38% |
%20-%20258365%2021-Mar-2014_files/image008.gif)
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE: Registered office
address of the company has been shifted from B6/1, Commercial Centre,
Safdarjaung Enclave, New Delhi – 110029, India to the present address w.e.f.
05.12.2008
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10475546 |
10/01/2014 |
333,400,000.00 |
TATA
CAPITAL FINANCIAL SERVICES LIMITED |
ONE
FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, |
B95477824 |
|
2 |
10468081 |
26/12/2013 |
80,000,000.00 |
INDUSIND
BANK LIMITED |
DR.
GOPAL DAS BUILDING,, 28, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B92694579 |
|
3 |
10459425 |
07/11/2013 |
150,000,000.00 |
YES
BANK LIMITED |
9TH FLOOR,
NEHRU CENTRE, DISCOVERY OF INDIA, DR. |
B89208706 |
|
4 |
10450875 |
07/02/2014
* |
150,000,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B97093314 |
|
5 |
10450872 |
07/02/2014
* |
50,000,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B97091599 |
|
6 |
10427412 |
03/12/2013
* |
253,350,000.00 |
ING
VYSYA BANK LIMITED |
NARIAN
MANZIL, GROUND FLOOR, SHOP NO. G1 TO G5,I FLO, SHOP NO.1001 TO 1007,
BARAKHAMBA ROAD,, NEW DELHI, DELHI - 110001, INDIA |
B91824383 |
|
7 |
10360168 |
22/01/2014
* |
224,000,000.00 |
DBS BANK
LIMITED (ACTING AS A SECURITY TRUSTEE FOR DBS SINGAPORE) |
CAPITOL
POINT, BABA KHARAK SINGH MARG, CONNAUGHT |
B96546569 |
|
8 |
10351573 |
22/01/2014
* |
500,000,000.00 |
GE MONEY
FINANCIAL SERVICES PRIVATE LIMITED |
401
402 4TH FLOORAGGARWAL MILLENIUM TOWER, E1 2 3 NETAJI SUBHASH PLACE, PITAMPURA
DELHI, DELHI - 110034, INDIA |
B98590458 |
|
9 |
10344554 |
27/12/2012
* |
316,000,000.00 |
INDUSIND
BANK LIMITED |
2401
GEN THIMMAYYA ROAD, CONTONMENT, PUNE, MAHARASHTRA - 411001, INDIA |
B66570334 |
|
10 |
10320289 |
25/11/2011 |
100,000,000.00 |
CITIBANK
N.A |
DLF
SQUARE, M BLOCK JACARANDA MARG, DLF CITY PHASE II, GURGAON, HARYANA - 122002,
INDIA |
B26385112 |
|
11 |
10314129 |
13/02/2012
* |
100,000,000.00 |
INDUSIND
BANK LIMITED |
DR.
GOPAL DAS BUILDING,, 28, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B34431072 |
|
12 |
10314131 |
13/02/2012
* |
50,000,000.00 |
INDUSIND
BANK LIMITED |
DR. GOPAL
DAS BUILDING,, 28, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B34431718 |
|
13 |
10287334 |
30/04/2011 |
202,000,000.00 |
STATE
BANK OF INDIA |
OVERSEAS
BRANCH, JAWAHAR VYAPAR BHAWAN, 1, TOLSTOY MARG, NEW DELHI, DELHI - 110001,
INDIA |
B13079926 |
|
14 |
10257302 |
19/09/2012
* |
100,000,000.00 |
INDUSIND
BANK LIMITED |
DR.
GOPAL DAS BUILDING,, 28, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B60967379 |
|
15 |
10212639 |
11/11/2010
* |
150,000,000.00 |
YES
BANK LIMITED |
9TH FLOOR,
NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
B02006054 |
|
16 |
10198873 |
13/02/2012
* |
350,000,000.00 |
INDUSIND
BANK LIMITED |
DR. GOPAL
DAS BUILDING,, 28, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B34432385 |
|
17 |
10172726 |
18/08/2009 |
260,000,000.00 |
STATE
BANK OF INDIA |
OVERSEAS
BRANCH, JAWAHAR VYAPAR BHAWAN, 1, TOLSTOY MARG, NEW DELHI, DELHI - 110001,
INDIA |
A68621325 |
|
18 |
10162321 |
01/05/2012
* |
637,200,000.00 |
THE
HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA
TOWER, 25 BARAKHAMBA ROAD,, NEW DELHI, DELHI - 110001, INDIA |
B39781307 |
|
19 |
10152468 |
31/08/2011
* |
550,000,000.00 |
THE HONGKONG
AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA
HOUSE, 25 BARAKHAMBA ROAD, NEW DELHI, DELHI |
B20786331 |
|
20 |
10152990 |
22/01/2014
* |
250,000,000.00 |
THE
HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA
HOUSE,, 25, BARAKHAMBA ROAD,, NEW DELHI, DELHI - 110001, INDIA |
B98686868 |
|
21 |
10079706 |
11/10/2012
* |
270,000,000.00 |
THE
HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA
HOUSE, 25 BARAKHAMBA ROAD, NEW DELHI, DELHI |
B59718296 |
|
22 |
10079705 |
22/01/2014
* |
270,000,000.00 |
THE
HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA
HOUSE,, 25, BARAKHAMBA ROAD,, NEW DELHI, DELHI - 110001, INDIA |
B98686025 |
|
23 |
80011358 |
11/08/2006
* |
35,000,000.00 |
CITIBANK
NA |
JEEVAN
VIHAR BUILDING, 3 SANSAD MARG, NEW DELHI, |
- |
|
24 |
80011359 |
11/08/2006
* |
35,000,000.00 |
CITIBANK
NA |
JEEVAN
VIHAR BUILDING, 3 SANSAD MARG, NEW DELHI, |
- |
|
25 |
80035508 |
19/11/2003 |
42,000,000.00 |
CITI
BANK N A |
JEEVAN
VIHAR, 3 SANSAD MARG, NEW DELHI, DELHI - 110001, INDIA |
- |
|
26 |
80035506 |
11/12/2002 |
70,000,000.00 |
CITI
BANK NA |
JEEVAN
VIHAR, 3 SANSAD MARG, NEW DELHI, DELHI - 110001, INDIA |
- |
|
27 |
90057848 |
10/12/2013
* |
90,000,000.00 |
CITIBANK
N.A |
DLF
SQUARE, 9TH FLOOR, JACARANDA MARG, M BLOCK, D |
B93787299 |
|
28 |
90192351 |
15/10/2009
* |
129,585,000.00 |
BANK
OF INDIA |
CANTONMENT
BRANCH, NO. 49, JYOTHI MAHAL, ST. MARKS ROAD, BANGALORE, KARNATAKA - 560001,
INDIA |
A74541053 |
|
29 |
90190138 |
31/03/1987 |
600,000.00 |
M/S
KARNATAKA STATE FINANCIAL CORPORATION |
NO.
48; 1ST FLOOR, CHURCH STREET, BANGALORE, KARN |
- |
* Date of charge modification
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· 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.61.13 |
|
|
1 |
Rs.101.17 |
|
Euro |
1 |
Rs.85.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
49 |
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.