MIRA INFORM REPORT
|
Report Date : |
25.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
TESLA TRANSFORMERS LIMITED |
|
|
|
|
Registered Office : |
30-B, Industrial Area, GovIndpura, |
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|
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Country : |
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|
|
|
Financials (as on) : |
31.03.2013 |
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|
|
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Date of Incorporation : |
26.02.1980 |
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|
|
|
Com. Reg. No.: |
10-001601 |
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|
|
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Capital Investment / Paid-up Capital : |
Rs.57.325 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U31300MP1980PLC001601 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
BPLT00018E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT1005C |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer
of Power Transformers and Distribute Transformers. |
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|
|
|
No. of Employees
: |
130 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1630000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Trade relation are reported to be fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered normal for business dealing 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
India’s current account deficit for the fiscal third quarter ended September
2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from $31.9
billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports and
moderation in gold imports. Manufacturing activity and new orders in India
showed their strongest growth in a year in February. The news comes as a relief
after data showed Asia’s third largest economy grew by a slower-than-expected
4.7 % annually in the three months through December. The HSBC Manufacturing
Purchasing Managers’ Index which gauges the business activity of India’s
factories but not its’ utilities, rose to 52.5 in February, its highest in a
year from 51.4 in January. Overall new orders for factory goods which rose to a
one-year high of 54.9 contributed to the surge. China has emerged as India’s
biggest trading partner in the current financial year replacing the United Arab
Emirates and pushing it to the third spot. India-China trade has reached $49.5
billion with a 8.7 % share in India’s total trade. The US comes second at $46
billion with 8.1 % share during the first nine months of the current financial
year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term Bank Facilities=BBB+ |
|
Rating Explanation |
Have moderate degree of safety and carry low
credit risk. |
|
Date |
04.03.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities=A3+ |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
|
Date |
04.03.2014 |
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 PARTED BY
|
Name : |
Mr. P V Ashokan |
|
Designation : |
Senior Accounts Manager |
|
Contact No.: |
91-9893037810 |
|
Date : |
24.03.2014 |
LOCATIONS
|
Registered Office : |
30-B, Industrial Area, GovIndpura, |
|
Tel. No.: |
91-755-2586778 / 2586328 / 4271973 |
|
Contact No.: |
91-9893037810 (Mr. P V Ashokan) |
|
Fax No.: |
91-755-2581865 |
|
E-Mail : |
mktg@teslatransformers.com
|
|
Website : |
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|
Area : |
45000 sq. ft. |
|
Location : |
Owned |
|
|
|
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Factory 1 : |
19, 20B Industrial Area, Govinapura, Bhopal, Madhya Pradesh, India |
|
Area : |
90000 sq. ft. |
|
Location : |
Owned |
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|
|
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Factory 2 : |
23A, Industrial Area, Govinapura, Bhopal, Madhya Pradesh, India |
|
Area : |
53000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Vijay Kumar Jain |
|
Designation : |
Director |
|
Address : |
68-B, A-Sector, Shahpura, Bhopal, Madhya Pradesh, India |
|
Date of Birth/Age : |
17.08.1937 |
|
Date of Appointment : |
28.02.1980 |
|
DIN No.: |
00003955 |
|
|
|
|
Name : |
Mr. Riyaz Siddiqui |
|
Designation : |
Director |
|
Address : |
E-7, HIG-750, Arera Colony, Bhopal, Madhya Pradesh, India |
|
Date of Birth/Age : |
20.03.1965 |
|
Date of Appointment : |
29.12.1997 |
|
DIN No.: |
00012038 |
|
|
|
|
Name : |
Mr. Jaideep Jain |
|
Designation : |
Director |
|
Address : |
68-B, A-Sector, Shahpura, Bhopal, Madhya Pradesh, India |
|
Date of Birth/Age : |
07.12.1966 |
|
Date of Appointment : |
27.06.1998 |
|
DIN No.: |
00056240 |
|
|
|
|
Name : |
Mohammed Zafar Siddqui |
|
Designation : |
Director |
|
Address : |
HA-71, NRI Colony, M. P. Housing Board Colony, Kohefiza, Bhopal,
Madhya Pradesh, India |
|
Date of Birth/Age : |
12.05.1972 |
|
Date of Appointment : |
27.06.1998 |
|
DIN No.: |
00165378 |
|
|
|
|
Name : |
Mr. Vishwas Ghuse |
|
Designation : |
Nominee Director |
|
Address : |
LIC B/262, E-7, Area Colony, Bhopal – 462016, Madhya Pradesh, India |
|
Date of Birth/Age : |
17.04.1980 |
|
Date of Appointment : |
21.06.2013 |
|
DIN No.: |
00165606 |
|
|
|
|
Name : |
Mr. Sunil Gajanan Nanal |
|
Designation : |
Director |
|
Address : |
Flat No. 8, Priyanjali Co-operative Housing Society, Lane No.6,
Dahanukar Colony, Kothrud, Pune – 411038, Maharashtra, India |
|
Date of Birth/Age : |
26.05.1973 |
|
Date of Appointment : |
08.02.2011 |
|
DIN No.: |
00165788 |
KEY EXECUTIVES
|
Name : |
Mr. P V Ashokan |
|
Designation : |
Senior Accounts Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Equity Shareholders |
No. of Shares |
|
Vijay Kumar Jain |
288513 |
|
V. K. Jain, Veena Jain, Roopwati Jain
|
1350 |
|
V. K. Jain, Veena Jain |
13837 |
|
Jaideep Jain, Ritu Jain |
185350 |
|
Mohammed Zafar Siddiqui |
202330 |
|
Mohammed Riyaz Siddqui |
209080 |
|
Ritu Jain, Jaideep Jain |
102330 |
|
Usha Jain, Jayant Jain |
95580 |
|
Veena Jain, V. K. Jain |
43875 |
|
Jayant Jain, Usha Jain |
169200 |
|
Farida Siddiqui |
20250 |
|
Farida Siddiqui and Riyaz Siddiqui |
216000 |
|
Farida Siddiqui and Mohammed Zafar Siddqui |
94500 |
|
Vijay Kumar Jain and Jayant Jain |
477215 |
|
Mohammed Riyaz Siddiqui and Farida Siddiqui |
532375 |
|
Mohammed Zafar Siddique and Farida Siddique |
536965 |
|
Vijay Kumar Jain and Jaydeep Jain |
461250 |
|
Blue River Finance Corporation |
182500 |
|
Delaware Street Advisors Private Limited |
500000 |
|
|
|
|
Total |
4332500 |
|
Names of Preference Shareholders |
No. of Shares |
|
Vijay Kumar Jain |
250000 |
|
Jaideep Jain |
110000 |
|
Mohammed Zafar Siddiqui |
120000 |
|
Mohammed Riyaz Siddqui |
240000 |
|
Veena Jain |
100000 |
|
Jayant Jain |
100000 |
|
Farida Siddiqui |
130000 |
|
Ajit Khabya |
150000 |
|
Sumit Khabya |
100000 |
|
Zeba Siddiqui |
100000 |
|
|
|
|
Total |
1400000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
11.90 |
|
Directors or relatives of Directors |
88.10 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Power Transformers and Distribute Transformers. |
|
|
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Exports : |
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Products : |
Transformer |
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Countries : |
·
Australia ·
Zambia |
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Imports : |
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Products : |
Raw Material |
|
Countries : |
·
Russia ·
Japan |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Hindalco Limited |
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Customers : |
·
Maharashtra Electric Board ·
Orissa Power Transmission |
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No. of Employees : |
130 (Approximately) |
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Bankers : |
·
State Bank of India, SME Branch, Industrial
Estate, Govindpura, Bhopal – 462023, Madhya Pradesh, India ·
State Bank of Indore, E-5/A, Girish Kunj, Pary
Awaran Parisar, Area Colony, Bhopal – 462016, Madhya Pradesh, India |
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Facilities : |
Fund and Non Fund= Rs.990.000 Millions (From State Bank of India) |
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A K Khabya and Company Chartered Accountants |
|
Address : |
2nd Floor, Shri Mohan Parisar, 232 Zone I, Bhopal, Madhya
Pradesh, India |
|
PAN No.: |
AABFA8165H |
|
|
|
|
Associates : |
New Era Enterprises |
|
|
|
|
Enterprises in which relatives of KMP are interested : |
Tesla Technologies |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5100000 |
Equity Shares |
Rs.10/- each |
Rs.51.000 Millions |
|
1400000 |
Preference Shares |
Rs.10/- each |
Rs.14.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.65.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4332500 |
Equity Shares |
Rs.10/- each |
Rs.43.325 Millions |
|
1400000 |
Preference Shares |
Rs.10/- each |
Rs.14.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.57.325
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 |
57.325 |
45.325 |
45.325 |
|
(b) Reserves & Surplus |
352.239 |
272.662 |
214.264 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.952 |
0.953 |
|
Total
Shareholders’ Funds (1) + (2) |
409.564 |
318.939 |
260.542 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.343 |
0.511 |
4.777 |
|
(b) Deferred tax liabilities (Net) |
13.900 |
10.000 |
8.500 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
14.243 |
10.511 |
13.277 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
184.885 |
61.029 |
58.708 |
|
(b) Trade
payables |
276.428 |
194.693 |
105.919 |
|
(c) Other current
liabilities |
68.948 |
24.154 |
32.425 |
|
(d) Short-term
provisions |
11.386 |
4.140 |
28.923 |
|
Total Current
Liabilities (4) |
541.647 |
284.016 |
225.975 |
|
|
|
|
|
|
TOTAL |
965.454 |
613.466 |
499.794 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
103.512 |
88.537 |
52.424 |
|
(ii)
Intangible Assets |
2.904 |
2.138 |
2.196 |
|
(iii)
Capital work-in-progress |
3.639 |
0.459 |
25.905 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.577 |
2.518 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
110.632 |
93.652 |
80.525 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
20.000 |
20.000 |
|
(b)
Inventories |
153.998 |
150.282 |
85.311 |
|
(c) Trade
receivables |
476.987 |
214.925 |
212.048 |
|
(d) Cash
and cash equivalents |
151.493 |
88.612 |
66.840 |
|
(e)
Short-term loans and advances |
64.479 |
37.825 |
30.769 |
|
(f) Other
current assets |
7.865 |
8.150 |
4.301 |
|
Total
Current Assets |
854.822 |
519.794 |
419.269 |
|
|
|
|
|
|
TOTAL |
965.454 |
613.446 |
499.794 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
2071.619 |
1575.179 |
1379.514 |
|
|
|
|
Other Income |
9.030 |
9.008 |
3.980 |
|
|
|
|
TOTAL (A) |
2080.649 |
1584.187 |
1383.494 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
1590.451 |
1201.290 |
1014.285 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(12.438) |
(24.117) |
(5.081) |
|
|
|
|
Employee Benefits Expenses |
47.520 |
41.824 |
32.252 |
|
|
|
|
Other Expenses |
261.950 |
208.421 |
162.787 |
|
|
|
|
TOTAL (B) |
1887.483 |
1427.418 |
1204.243 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
193.166 |
156.769 |
179.251 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
62.717 |
63.094 |
35.429 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
130.449 |
93.675 |
143.822 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
5.837 |
4.380 |
3.317 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
124.612 |
89.295 |
140.505 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
41.354 |
28.054 |
48.565 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
83.258 |
61.241 |
91.940 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
FOB Value of Exports |
75.127 |
167.963 |
NA |
|
|
|
TOTAL EARNINGS |
75.127 |
167.963 |
NA |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Value of Import on CIF Basis |
193.125 |
151.593 |
NA |
|
|
|
TOTAL IMPORTS |
193.125 |
151.593 |
NA |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
19.22 |
14.14 |
21.22 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.00 |
3.87 |
6.65 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.02 |
5.67 |
10.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.96 |
14.57 |
29.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.28 |
0.54 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.45 |
0.19 |
0.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.58 |
1.83 |
1.86 |
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 |
45.325 |
45.325 |
57.325 |
|
Reserves & Surplus |
214.264 |
272.662 |
352.239 |
|
Share Application money
pending allotment |
0.953 |
0.952 |
0.000 |
|
Net
worth |
260.542 |
318.939 |
409.564 |
|
|
|
|
|
|
long-term borrowings |
4.777 |
0.511 |
0.343 |
|
Short term borrowings |
58.708 |
61.029 |
184.885 |
|
Total
borrowings |
63.485 |
61.540 |
185.228 |
|
Debt/Equity
ratio |
0.244 |
0.193 |
0.452 |
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 |
1379.514 |
1575.179 |
2071.619 |
|
|
|
14.184 |
31.516 |
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
|
1379.514 |
1575.179 |
2071.619 |
|
Profit |
91.940 |
61.241 |
83.258 |
|
|
6.66% |
3.89% |
4.02% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Short Term Borrowings |
|
|
|
Other Loans and Advances |
|
|
|
Loans repayable
on demand from other parties |
5.728 |
5.338 |
|
Loans and
Advances from related parties |
9.687 |
19.215 |
|
|
|
|
|
Total |
15.415 |
24.553 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10153089 |
27/03/2009 |
800,000.00 |
PUNJAB
NATIONAL BANK |
HOUSING
SANCTION HUB, NEW MARKET, BHOPAL, MADHYA PRADESH - 462002, INDIA |
A60312600 |
|
2 |
10138723 |
17/04/2013
* |
996,400,000.00 |
STATE
BANK OF INDIA |
SME
BRANCH,INDUSTRIAL ESTATE, GOVINDPURA, BHOPAL, MADHYA PRADESH - 462023, INDIA |
B74359233 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Building : Factory
·
Building : Office
·
Plant and Machinery
·
Tools and Equipments
·
Electric Installation
·
Furniture and Fixtures
·
Vehicles
·
Office Equipments
·
Dead Stock
·
Computer
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.60.70 |
|
|
1 |
Rs.100.11 |
|
Euro |
1 |
Rs.83.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
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 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
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.