1. Summary Information
|
Country |
India |
||
|
Company Name |
INABENSA BHARAT PRIVATE LIMITED |
Principal Name 1 |
Mr. Gyan Chand Tather |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Alberto Piza Granados |
|
Registration # |
55-117066 |
||
|
Street Address |
305-306, 3rd
Floor, Eros Corporate Tower, Nehru Place, New Delhi-110019 |
||
|
Established Date |
20.09.2002 |
SIC Code |
-- |
|
Telephone# |
91-11-41608168 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-46542484 |
Business Style 2 |
--- |
|
Homepage |
Product Name 1 |
equipments and components used in power industry |
|
|
# of employees |
Not Divulged |
Product Name 2 |
--- |
|
Paid up capital |
Rs. 264,861,000/- |
Product Name 3 |
--- |
|
Shareholders |
Foreign holdings–100% |
Banking |
Not Divulged |
|
Public Limited Corp. |
No |
Business Period |
12 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (41) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
Spain |
Instalaciones Inabensa S.A., |
--- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3,665,956,000 |
Current Liabilities |
3,301,273,000 |
|
Inventories |
000 |
Long-term Liabilities |
411,798,000 |
|
Fixed Assets |
245,183,000 |
Other Liabilities |
136,335,000 |
|
Deferred Assets |
000 |
Total Liabilities |
3,849,406,000 |
|
Invest& other Assets |
191,815,000 |
Retained Earnings |
(11,313,000) |
|
|
|
Net Worth |
253,548,000 |
|
Total Assets |
4,102,954,000 |
Total Liab. & Equity |
4,102,954,000 |
|
Total Assets (Previous Year) |
931,155,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
5501,918,000 |
Net Profit |
9,613,000 |
|
Sales(Previous yr) |
1522,158,000 |
Net Profit(Prev.yr) |
34,924,000 |
MIRA INFORM REPORT
|
Report Date : |
29.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
INABENSA BHARAT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
305-306, 3rd Floor, Eros Corporate Tower, Nehru Place, New
Delhi-110019 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
20.09.2002 |
|
|
|
|
Com. Reg. No.: |
55-117066 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 264.861 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL2002PTC117066 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELI03853D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCI0386D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing,
purchase and sale of equipments and components used in power industry. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1020000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Instalaciones Inabensa S.A. (Spain)’. It is an established company having satisfactory track record. The company has recorded some accumulated losses from its operation. However the company receives strong operational; and financial support
from its holding company. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. In view of strong holding 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
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 |
INDIA Rating |
|
Rating |
Long term issuer rating of (IND BBB) |
|
Rating Explanation |
Moderate degree of safety. It carry moderate credit risk |
|
Date |
May 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 BY
|
Name : |
Mr. Mahendra Singh |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-11-41608168 |
|
Date : |
13.03.2014 |
LOCATIONS
|
Registered Office : |
305-306, 3rd Floor, Eros Corporate Tower, Nehru Place, New
Delhi-110019, India |
|
Tel. No.: |
91-11-41608168 |
|
Mobile : |
91-9099536136 (Mr. Prabir Bhattacharjee) |
|
Fax No.: |
91-11-46542484 |
|
E-Mail : |
|
|
Website: |
|
|
Location : |
Owned |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Gyan Chand Tather |
|
Designation : |
Managing Director |
|
Address : |
61A, Pocket, A-14, Kalkaji Extension, New Delhi - 110019, India |
|
Date of Birth/Age : |
23.07.1951 |
|
Date of Appointment : |
25.03.2013 |
|
DIN No.: |
00669169 |
|
PAN No.: |
AAAPT0302N |
|
|
|
|
Name : |
Mr. Alberto Piza Granados |
|
Designation : |
Director |
|
Address : |
Calle Aljaima No.25, Almensilla, Sevilla - 411111, Spain |
|
Date of Birth/Age : |
05.03.1955 |
|
Date of Appointment : |
01.11.2002 |
|
DIN No.: |
00669324 |
|
|
|
|
Name : |
Mr. Alfonso Gonzalez Dominguez |
|
Designation : |
Director |
|
Address : |
Avenida Republica Argentina No.26A, Sevilla, Spain |
|
Date of Birth/Age : |
17.12.1954 |
|
Date of Appointment : |
01.11.2002 |
|
DIN No.: |
01066736 |
|
|
|
|
Name : |
Mr. Miguel Angel Maseras Gutierrez |
|
Designation : |
Director |
|
Address : |
C Luis Montoto, 143 4A, Sevilla - 041020, Spain |
|
Date of Birth/Age : |
05.10.1969 |
|
Date of Appointment : |
04.03.2009 |
|
DIN No.: |
02549836 |
|
|
|
|
Name : |
Mr. Rafael Gonzalez Reine |
|
Designation : |
Director |
|
Address : |
C/E, Speranza De La Trinidad 825 A, Sevilla - 041920, Spain |
|
Date of Birth/Age : |
26.01.1961 |
|
Date of Appointment : |
04.03.2009 |
|
DIN No.: |
02549875 |
|
|
|
|
Name : |
Mr. Rajesh Kumar Jha |
|
Designation : |
Managing director |
|
Address : |
Lalbagh, Tilakmanjhi, Bhagalpur – 812002, Bihar, India |
|
Date of Birth/Age : |
30.12.1970 |
|
Date of Appointment : |
26.12.2012 |
|
DIN No.: |
06442316 |
|
PAN No.: |
ACZPJ5937C |
KEY EXECUTIVES
|
Name : |
Mr. Ankit Aggarwal |
|
Designation : |
Secretary |
|
Address : |
A 82, Pocket 2, Pachimpuri, New Delhi-110063, India |
|
Date of Birth/Age : |
17.10.1987 |
|
Date of Appointment : |
05.07.2011 |
|
Pan No.: |
ANPPA5543A |
|
|
|
|
Name : |
Mr. Mahendra Singh |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Instalaciones Inabensa S.A., Spain |
|
2030278 |
|
Abener Energia S.A., Spain |
|
2 |
|
Europea De Construcciones Metalicas S.A., Spain |
|
1546558 |
|
Total |
|
3576838 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing,
purchase and sale of equipments and components used in power industry. |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
150 (Approximately) |
|
|
|
|
Bankers : |
Citi Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountant |
|
Address : |
Building No.8, 7th and 8th Floor, Tower B, DLF Cyber
City, Gurgaon-122002, Haryana, India |
|
PAN No.: |
AAEFP3641G |
|
|
|
|
Holding Company : |
Instalaciones Inabensa S.A., Spain |
|
|
|
|
Others : |
·
Teyma India Private Limited U74120MH2011FTC219068 ·
Instalaciones Inabensa S.A. (Project Office India) ·
Construcciones Metalics Mexicanans S.A ·
De C.V Simoa IT S.A ·
Abeinsa Business Development Private Limited
U74210MH2007PTC173986 ·
Abencor Suministros S.A. (Spain) ·
Abencor Suminstros Chile S.A ·
Ute Inabensa Teyma peralta ·
IB - PGF Inabensa (JV) ·
Europe de Construcciones metalicas S.A (Spain) |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5100000 |
Equity Shares |
Rs.100/- each |
Rs. 510.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3576838 |
Equity Shares |
Rs.100/- each |
Rs.357.684
Millions |
|
|
|
|
|
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5100000 |
Equity Shares |
Rs.100/- each |
Rs. 510.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2648610 |
Equity Shares |
Rs.100/- each |
Rs.264.861
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
264.861 |
170.703 |
34.381 |
|
(b) Reserves & Surplus |
(11.313) |
(20.926) |
(55.850) |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
66.221 |
|
Total Shareholders’
Funds (1) + (2) |
253.548 |
149.777 |
44.752 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
252.080 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
54.997 |
20.768 |
27.129 |
|
(d) long-term provisions |
1.759 |
1.150 |
0.891 |
|
Total Non-current
Liabilities (3) |
308.836 |
21.918 |
28.020 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
159.718 |
49.402 |
23.626 |
|
(b) Trade payables |
3299.485 |
699.794 |
15.691 |
|
(c) Other current liabilities |
81.338 |
6.297 |
3.310 |
|
(d) Short-term provisions |
0.029 |
3.967 |
0.000 |
|
Total Current
Liabilities (4) |
3540.570 |
759.460 |
42.627 |
|
|
|
|
|
|
TOTAL |
4102.954 |
931.155 |
115.399 |
|
|
|
|
|
|
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
245.183 |
70.008 |
1.988 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
191.815 |
9.759 |
0.000 |
|
(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 |
26.540 |
29.788 |
68.789 |
|
(e) Other Non-current assets |
35.725 |
30.242 |
20.031 |
|
Total Non-Current
Assets |
499.263 |
139.797 |
90.808 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
3304.472 |
781.588 |
19.317 |
|
(d) Cash and cash equivalents |
245.884 |
8.830 |
1.730 |
|
(e) Short-term loans and advances |
44.243 |
0.940 |
3.544 |
|
(f) Other current assets |
9.092 |
0.000 |
0.000 |
|
Total Current Assets |
3603.691 |
791.358 |
24.591 |
|
|
|
|
|
|
TOTAL |
4102.954 |
931.155 |
115.399 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5501.918 |
1522.158 |
94.989 |
|
|
|
Other Income |
29.126 |
1.930 |
1.762 |
|
|
|
TOTAL (A) |
5531.044 |
1524.088 |
96.751 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Erection & Other Direct Expenses |
|
|
78.600 |
|
|
|
Personal Expenses |
|
|
23.285 |
|
|
|
Administrative Expenses |
|
|
13.567 |
|
|
|
TOTAL (B) |
5484.463 |
1465.345 |
115.452 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
46.581 |
58.743 |
(18.701) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.354 |
3.912 |
3.514 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
40.227 |
54.831 |
(22.215) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
22.642 |
19.882 |
0.727 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
17.585 |
34.949 |
(22.942) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.972 |
0.025 |
0.028 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
9.613 |
34.924 |
(22.970) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(20.926) |
(55.850) |
(32.880) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(11.313) |
(20.926) |
(55.850) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
5313.402 |
1365.564 |
7.500 |
|
|
|
TOTAL EARNINGS |
5313.402 |
1365.564 |
7.500 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.63 |
20.46 |
(67) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.17 |
2.29 |
(23.74) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.32 |
2.30 |
(24.15) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.45 |
3.79 |
(19.89) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.23 |
(0.51) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.62 |
0.32 |
0.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
1.04 |
0.58 |
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 |
34.381 |
170.703 |
264.861 |
|
Reserves & Surplus |
(55.850) |
(20.926) |
(11.313) |
|
Share Application money
pending allotment |
66.221 |
0.000 |
0.000 |
|
Net
worth |
44.752 |
149.777 |
253.548 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
252.080 |
|
Short term borrowings |
23.626 |
49.402 |
159.718 |
|
Total
borrowings |
23.626 |
49.402 |
411.798 |
|
Debt/Equity
ratio |
0.528 |
0.330 |
1.624 |
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 |
94.989 |
1,522.158 |
5,501.918 |
|
|
|
1,502.457 |
261.455 |
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 |
94.989 |
1,522.158 |
5,501.918 |
|
Profit After Tax |
(22.970) |
34.924 |
9.613 |
|
|
(24.18%) |
2.29% |
0.17% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
31.03.2013 |
31.03.2012 |
|
Long Term
Borrowing |
|
|
|
Foreign currency term loans from banks
(unsecured) |
252.080 |
0.000 |
|
|
|
|
|
Short Term
Borrowing |
|
|
|
Rupee term loans from banks |
27.329 |
42.268 |
|
Commercial paper (Supplier’s Bill) |
86.330 |
0.000 |
|
Supplier’s Bill Discounting by Citi Bank N.A. |
0.776 |
7.134 |
|
Other loans and advances, others |
45.283 |
0.000 |
|
|
|
|
|
Total |
411.798 |
49.402 |
NOTES: Registered office
has been shifted from 902, 9th Floor, Eros Corporate Tower, Nehru
Place, New Delhi-110019, India to the present address w.e.f.02.02.2012.
OPERATIONS
The Company is
executing projects of Transmission Lines including 800kV HVDC transmission line
project. Besides, Company is also bidding in various other transmission line
tenders and your company is hopeful for substantial business in next year. The
Company is also engaged in manufacturing, purchase and sale of equipments and
components used in power industry.
FIXED ASSETS
- Plant and Machinery
- Office
Equipments
- Furniture and
Fixtures
- Vehicles
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. 61.05 |
|
|
1 |
Rs. 100.81 |
|
Euro |
1 |
Rs.84.18 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
41 |
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.