MIRA INFORM REPORT
|
Report Date : |
07.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
SANSERA ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
261/C, Bommasandra Industrial Area, Hebbagodi Post, Anekal Taluk,
Bangalore – 560 099, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.12.1981 |
|
|
|
|
Com. Reg. No.: |
08-004542 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.6.474 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34103KA1981PTC004542 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRS14664G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS2440M AAECS6759F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Auto Components such as Rocker Arms, Connecting Rods,
Gear Shifters, Crank Shafts and Aerospace Components. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6900000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Rating reflects healthy financial risk profile marked by improvement in
company performance resulting into increase in healthy margins. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. The company can be considered 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may grow
4.7 % in the current financial year, lower than the official estimate of 4.9 %,
Fitch Rating said. The global rating agency expects the economy to pick up in
the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loans = A |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
September, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Fund Based Facilities = A1 |
|
Rating Explanation |
Vary strong degree of safety and lowest credit risk. |
|
Date |
September, 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 DECLINED
Management Non Cooperative (91-80-27833056)
LOCATIONS
|
Registered Office/ Factory 1 : |
261/C, Bommasandra Industrial Area, Hebbagodi Post, Anekal Taluk,
Bangalore – 560 099, Karnataka, India |
|
Tel. No.: |
91-80-27833056/ 27833442/ 27833642 |
|
Fax No.: |
91-80-27833642 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 2 : |
No.8 (1106/8), A.M. Industrial Estate, G.B. Palya, Hosur Road, Bangalore
– 560 068, Karnataka, India |
|
Tel. No.: |
91-80-25731078/ 25731088/ 25731227 |
|
Fax No.: |
91-80-25731092 |
|
|
|
|
Factory 3 : |
No.1, |
|
Tel. No.: |
91-80-27839304/ 5/ 6/ 8 |
|
Fax No.: |
91-80-27839307 |
|
|
|
|
Factory 4 : |
Plot No.22 and
23, Sector-6, IMT Manesar, Gurgaon – 122 050, Haryana, India |
|
Tel. No.: |
91-124-4367600/
03 |
|
Fax No.: |
91-124-4367604 |
|
|
|
|
Factory 5 : |
B-18, MIDC Industrial Area Chakan, Pune – 410 501, Maharashtra, India |
|
Tel. No.: |
91-2135-666228 |
|
Fax No.: |
91-2135-666222 |
|
|
|
|
Factory 6 : |
Plot No.18,
Sector-09, IIE, Pantnagar, District Udham Singh Nagar, Uttarakhand, India |
|
Tel. No.: |
91-5944-250306/
307 |
|
Fax No.: |
91-5944-250308 |
|
|
|
|
Factory 7 : |
Survey No.143/A,
Bommasaandra-Jigani Link Road, Bangalore – 560 015, Karnataka, India |
|
Tel. No.: |
91-80-27839081/
2/ 3 |
|
Fax No.: |
91-80-27839309 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Subramonia Sekhar Vasan |
|
Designation : |
Managing Director |
|
Address : |
Oriental Homes, No.51, Ranga Rao Road, Basavabagudi, Bangalore – 560 004, Karnataka, India |
|
Date of Birth/Age : |
02.03.1953 |
|
Qualification : |
B. Tech (IIT) PGDM (IIMB) |
|
Date of Appointment : |
15.12.1981 |
|
DIN No.: |
00361245 |
|
PAN No.: |
ACSPV4395H |
|
|
|
|
Name : |
Mr. Fatheraj Premraj Singhvi |
|
Designation : |
Managing Director |
|
Address : |
Shanthi, No.232, Vishranti Enclave, Doddakalasandra Village, Kanakapura Road, Bangalore – 560 062, Karnataka, India |
|
Date of Birth/Age : |
14.04.1955 |
|
Qualification : |
B.Com, FCA |
|
Date of Appointment : |
26.02.2008 |
|
DIN No.: |
00233146 |
|
PAN No.: |
AGHPS5273J |
|
|
|
|
Name : |
Mr. Unni Rajagopal Kothenath |
|
Designation : |
Director |
|
Address : |
Taravad Palanahalli, Yelahanka Post, Bangalore – 560 064, Karnataka, India |
|
Date of Birth/Age : |
17.07.1954 |
|
Qualification : |
B.A., FCA |
|
Date of Appointment : |
01.03.1991 |
|
DIN No.: |
00229915 |
|
PAN No.: |
ABGPR0823H |
|
|
|
|
Name : |
Mr. Chintan Surana |
|
Designation : |
Director |
|
Address : |
601 Vinayak Heights Co-Operative HSL, Pali Hill, Bandra West, Mumbai – 400 050, Maharashtra, India |
|
Date of Birth/Age : |
13.07.1973 |
|
Date of Appointment : |
08.07.2013 |
|
DIN No.: |
06624409 |
|
|
|
|
Name : |
Mr. Satish Chavva |
|
Designation : |
Director |
|
Address : |
80 City Harbour, 8 Selsdon Way, London E149GR |
|
Date of Birth/Age : |
20.12.1974 |
|
Date of Appointment : |
08.07.2013 |
|
DIN No.: |
03615175 |
|
|
|
|
Name : |
Mr. Raunak Gupta |
|
Designation : |
Director |
|
Address : |
C-21, Trishul Bldg., Near Holy Spirit Hospital, Mahakali Caves Road, Andheri East, Mumbai – 400 093, Maharashtra, India |
|
Date of Birth/Age : |
28.12.1978 |
|
Date of Appointment : |
08.07.2013 |
|
DIN No.: |
06624489 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders (Equity
Shares) |
|
No. of Shares |
|
CVCIGP II Client Ebene Limited, Mauritius |
|
21164 |
|
Sekhar Vasan |
|
15821 |
|
CVCIGP II Employee Ebene Limited, Mauritius |
|
11853 |
|
Devappa Devaraj |
|
4713 |
|
Fatheraj Singhvi |
|
4713 |
|
Unni Rajagopal K |
|
4713 |
|
Sekhar Vasan |
|
1155 |
|
Nissin Manufacturer Company Limited |
|
300 |
|
Karthik Das |
|
208 |
|
Anjana Iyer |
|
100 |
|
Total |
|
64740 |
|
Names of Shareholders (Preference
Shares) |
|
No. of Shares |
|
Series ‘A’ |
|
|
|
CVCIGP II Employee Ebene Limited, Mauritius |
|
107700 |
|
CVCIGP II Client Ebene Limited, Mauritius |
|
192300 |
|
|
|
|
|
Series ‘B’ |
|
|
|
CVCIGP II Employee Ebene Limited, Mauritius |
|
269250 |
|
CVCIGP II Client Ebene Limited, Mauritius |
|
480750 |
|
Total |
|
1050000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
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 |
51.46 |
|
Directors or relatives of Directors |
48.54 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Auto Components such as Rocker Arms, Connecting Rods,
Gear Shifters, Crank Shafts and Aerospace Components. |
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|
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|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||
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|
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|
Bankers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Financial Institutions : |
|
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Company Chartered Accountants |
|
Address : |
Maruti Info Tech
Centre, 11-12/1, Inner Ring Road Koramangala, Bangalore – 560 071, Karnataka,
India |
|
PAN No.: |
ABVPM0614N |
|
|
|
|
Subsidiary Companies : |
|
|
|
|
|
Partnership firm in which the Company/ Director is
a Partner : |
·
Sansera Exports, India
|
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1150000 |
Equity Shares |
Rs.100/- each |
Rs.115.000 Millions |
|
1050000 |
Preference Shares |
Rs.100/- each |
Rs.105.000 Million |
|
|
Total |
|
Rs.220.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
64740 |
Equity Shares |
Rs.100/- each |
Rs.6.474 Millions |
|
1050000 |
Preference Shares |
Rs.100/- each |
Rs.105.000 Millions |
|
|
Total |
|
Rs.111.474 Millions
|
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
64740 |
Equity Shares |
Rs.100/- each |
Rs.6.474 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 |
6.474 |
7.020 |
6.990 |
|
(b) Reserves & Surplus |
1723.410 |
1865.520 |
1676.200 |
|
(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) |
1729.884 |
1872.540 |
1683.190 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
777.450 |
750.710 |
339.540 |
|
(b) Deferred tax liabilities (Net) |
124.100 |
106.200 |
99.900 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
6.590 |
16.650 |
0.520 |
|
Total Non-current
Liabilities (3) |
908.140 |
873.560 |
439.960 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1244.850 |
1092.700 |
1027.570 |
|
(b) Trade
payables |
434.650 |
463.530 |
356.560 |
|
(c) Other
current liabilities |
451.646 |
375.690 |
280.660 |
|
(d) Short-term
provisions |
0.310 |
11.470 |
15.310 |
|
Total Current
Liabilities (4) |
2131.456 |
1943.390 |
1680.100 |
|
|
|
|
|
|
TOTAL |
4769.480 |
4689.490 |
3803.250 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2216.650 |
1955.860 |
1770.420 |
|
(ii)
Intangible Assets |
11.330 |
8.870 |
8.080 |
|
(iii)
Capital work-in-progress |
124.820 |
213.000 |
215.320 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
229.430 |
229.430 |
160.710 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
402.350 |
355.260 |
97.860 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2984.580 |
2762.420 |
2252.390 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.100 |
0.100 |
0.100 |
|
(b)
Inventories |
738.000 |
699.540 |
547.500 |
|
(c) Trade
receivables |
873.160 |
779.480 |
613.560 |
|
(d) Cash
and cash equivalents |
56.710 |
333.350 |
80.020 |
|
(e)
Short-term loans and advances |
116.540 |
111.160 |
306.180 |
|
(f) Other
current assets |
0.390 |
3.440 |
3.500 |
|
Total
Current Assets |
1784.900 |
1927.070 |
1550.860 |
|
|
|
|
|
|
TOTAL |
4769.480 |
4689.490 |
3803.250 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
4902.140 |
|
3707.350 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
4902.140 |
4631.300 |
3707.350 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
4616.320 |
4383.740 |
3470.100 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
4616.320 |
4383.740 |
3470.100 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX AND PRIOR PERIOD ITEMS |
285.820 |
247.560 |
237.250 |
|
|
|
|
|
|
|
|
|
Less/ Add |
PRIOR PERIOD EXPENSES/
INCOME |
0.000 |
15.890 |
-2.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
285.820 |
231.670 |
239.270 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
78.480 |
48.820 |
3.040 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
207.340 |
182.850 |
236.230 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
952.140 |
811.050 |
622.893 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
20.730 |
18.280 |
23.620 |
|
|
|
Dividend |
0.000 |
20.160 |
20.970 |
|
|
|
Tax on Dividend |
0.000 |
3.320 |
3.480 |
|
|
BALANCE CARRIED
TO THE B/S |
1138.200 |
952.140 |
811.050 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3202.66 |
2613.16 |
3379.51 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.23 |
3.95 |
6.37 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.83 |
5.00 |
6.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.47 |
5.45 |
6.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.12 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.17 |
0.98 |
0.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.84 |
0.99 |
0.92 |
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 |
6.990 |
7.020 |
6.474 |
|
Reserves & Surplus |
1676.200 |
1865.520 |
1723.410 |
|
Net
worth |
1683.190 |
1872.540 |
1729.884 |
|
|
|
|
|
|
long-term borrowings |
339.540 |
750.710 |
777.450 |
|
Short term borrowings |
1027.570 |
1092.700 |
1244.850 |
|
Total
borrowings |
1367.110 |
1843.410 |
2022.300 |
|
Debt/Equity
ratio |
0.812 |
0.984 |
1.169 |
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) |
|
Total Income |
3707.350 |
4631.300 |
4902.140 |
|
|
|
24.922 |
5.848 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
3707.350 |
4631.300 |
4902.140 |
|
Profit |
236.230 |
182.850 |
207.340 |
|
|
6.37% |
3.95% |
4.23% |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
BACKGROUND
The Company was
incorporated on 15th December, 1981 under the provisions of the
Companies Act, 1956 with its registered office in Bangalore, Karnataka.
The Company is
mainly involved in the business of manufacture of auto components such as rocker
arms, connecting rods, gear shifters, crank shafts and Aerospace components.
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Short-term
borrowings |
|
|
|
Working capital loans from banks |
50.000 |
0.000 |
|
Loans and advances from related parties |
27.560 |
19.900 |
|
Other loans and advances |
100.000 |
0.000 |
|
Total |
177.560 |
19.900 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10476621 |
01/01/2014 |
200,000,000.00 |
BAJAJ FINANCE LIMITED |
MUMBAI - PUNE ROAD,, AKURDI, PUNE, MAHARASHTRA - 411035, INDIA |
B95957882 |
|
2 |
10345624 |
10/09/2012 * |
400,000,000.00 |
BAJAJ FINANCE LIMITED |
4TH FLOOR, BAJAJ FINSERV CORPORATE OFFICE, OFF PUNE-AHMEDNAGAR ROAD, VIMAN NAGAR,, PUNE, MAHARASHTRA - 411014, INDIA |
B58860610 |
|
3 |
10331648 |
10/09/2012 * |
120,000,000.00 |
CITI BANK N.A. |
506-507, LEVEL 5, PRESTIGE MERIDIAN 2, NO.30, M. G. ROAD,, BANGALORE, KARNATAKA - 560001, INDIA |
B58862921 |
|
4 |
90194595 |
10/09/2012 * |
270,000,000.00 |
CITI BANK N.A. |
506-507, LEVEL 5, PRESTIGE MERIDIAN 2, NO.30, M. G. ROAD,, BANGALORE, KARNATAKA - 560001, INDIA |
B58862160 |
|
5 |
80003319 |
20/04/2013 * |
2,451,300,000.00 |
STATE BANK OF INDIA |
SPECIALISED COMMERCIAL BRANCH, KRISHI BHAVAN, HUDSON CIRCLE, BANGALORE, KARNATAKA - 560001, INDIA |
B75323428 |
|
6 |
90189427 |
09/02/2005 * |
24,200,000.00 |
STATE BANK OF INDIA |
BANGALORE COMMERCIAL BRANCH, KRISHI BHAVAN. HUDSON CIRCLE, BANGALORE, KARNATAKA - 560001, INDIA |
- |
|
7 |
90191736 |
30/07/2004 * |
24,200,000.00 |
STATE BANK OF INDIA |
BANGALORE COMMERCIAL BRANCH, KRISHI BHAVAN. HUDSON CIRCLE, BANGALORE, KARNATAKA - 560001, INDIA |
- |
|
8 |
90194050 |
21/03/2005 * |
24,200,000.00 |
STATE BANK OF INDIA |
BANGALORE COMMERCIAL BRANCH, KRISHI BHAVAN. HUDSON CIRCLE, BANGALORE, KARNATAKA - 560001, INDIA |
- |
|
9 |
90191096 |
02/12/1994 * |
277,200.00 |
STATE BANK OF INDIA |
SIB DIVISION, BANGALORE CITY BRANCH; J. C. ROAD, |
- |
|
10 |
90193712 |
27/11/1995 * |
277,200.00 |
STATE BANK OF INDIA |
SIB DIVISION, BANGALORE CITY BRANCH; J. C. ROAD, |
- |
|
11 |
90190282 |
08/05/1995 * |
850,000.00 |
STATE BANK OF INDIA |
SIB DIVISION, BANGALORE CITY BRANCH; J. C. ROAD, |
- |
|
12 |
90193371 |
26/04/1993 * |
850,000.00 |
STATE BANK OF INDIA |
SIB DIVISION, BANGALORE CITY BRANCH; J. C. ROAD, |
- |
|
13 |
90194860 |
23/03/1994 * |
850,000.00 |
STATE BANK OF INDIA |
SIB DIVISION, BANGALORE CITY BRANCH; J. C. ROAD, |
- |
* Date of charge modification
FIXED ASSETS
·
Land
·
Buildings
·
Factory Building
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
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.60.20 |
|
|
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
HET |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NTH |
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 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
50 |
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.