MIRA INFORM REPORT
|
Report Date : |
08.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
BRY-AIR (ASIA) PRIVATE LIMITED (w.e.f. 30.04.2011) |
|
|
|
|
Formerly Known
As : |
BRY AIR ( |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
12.10.1981 |
|
|
|
|
Com. Reg. No.: |
55-012456 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.6.400 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210DL1981PLC012456 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Dehumidifiers, Dryers and Providing Installation and
Other Services |
|
|
|
|
No. of Employees
: |
1200 (Approximately) |
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 5700000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company is good. Reserves of the company are decent. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct and as per commitment. The company can be considered normal for business dealings at usual
trade terms and conditions. Note: Current year profit and loss account is not available. |
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 (30.06.2013) |
Current Rating (30.09.2013) |
|
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
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.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Naresh |
|
Designation : |
Sales Executive |
|
Contact No.: |
91-9818223589 |
|
Date : |
19.04.2014 |
LOCATIONS
|
Registered Office : |
|
|
Tel. No.: |
91-11-23906666 |
|
Mobile No.: |
91-9818223589 (Mr. Naresh) |
|
Fax No.: |
91-11-23906600 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office/ Factory 1 : |
21-C, Sector 18, Gurgaon – 122015, |
|
Tel No.: |
91-124-4091111 |
|
Fax No.: |
91-124-4091100 |
|
|
|
|
Factory 2 : |
419-420, Udyog Vihar – III, Gorgaon, |
|
Tel No.: |
91-124-4184400/4184444 |
|
Fax No.: |
91-124-4184400 |
|
Email : |
|
|
|
|
|
Branch Offices :
|
Located at :
|
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Deepak Pahwa |
|
Designation : |
Managing Director |
|
Address : |
20, |
|
Date of Birth/Age : |
07.07.1953 |
|
Qualification : |
B. Sc (Electric) |
|
Date of Appointment : |
12.10.1981 |
|
DIN No.: |
00176606 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74210DL1981PTC012456 |
BRY- AIR (ASIA)
PRIVATE LIMITED |
Managing
director |
12/10/1981 |
12/10/1981 |
- |
Active |
NO |
|
2 |
U74899DL1984PTC017497 |
DESICCANT ROTORS
INTERNATIONAL PRIVATE LIMITED |
Director |
06/02/1984 |
06/02/1984 |
- |
Active |
NO |
|
3 |
U51909DL1984PTC017496 |
ARCTIC INDIA SALES
PRIVATE LIMITED |
Director |
06/02/1984 |
06/02/1984 |
- |
Active |
NO |
|
4 |
U24111DL1988PTC034228 |
DELAIR INDIA
PRIVATE LIMITED |
Director |
14/12/1988 |
14/12/1988 |
- |
Active |
NO |
|
5 |
U51109DL1989PTC035031 |
INSENT
COMMERCIAL PRIVATE LIMITED |
Director |
14/02/1989 |
14/02/1989 |
- |
Active |
NO |
|
6 |
L29130WB1991PLC050797 |
T & I GLOBAL
LIMITED. |
Director |
05/07/1994 |
05/07/1994 |
14/02/2014 |
Active |
NO |
|
7 |
U31909DL1996PTC080410 |
AIRGINEERS
(GLOBAL) PRIVATE LIMITED |
Director |
16/07/1996 |
16/07/1996 |
- |
Active |
NO |
|
8 |
U67120DL1996PTC080411 |
PAHWA (HOLDINGS)
PRIVATE LIMITED |
Director |
16/07/1996 |
16/07/1996 |
- |
Active |
NO |
|
9 |
U74140DL1998PTC097352 |
TECHNICAL DRYING
SERVICES (ASIA) PRIVATE LIMITED |
Director |
08/12/1998 |
08/12/1998 |
- |
Active |
NO |
|
10 |
U29190GJ1997PTC032379 |
PURIFLAIR INDIA
PRIVATE LIMITED |
Director |
26/08/2003 |
26/08/2003 |
- |
Active |
NO |
|
11 |
U74999MH1968GAP014120 |
INDO-AMERICAN
CHAMBER OF COMMERCE |
Director |
07/10/2003 |
07/10/2003 |
29/09/2006 |
Active |
NO |
|
12 |
U72300DL2007PTC169207 |
GAADI WEB
PRIVATE LIMITED |
Director |
10/10/2007 |
10/10/2007 |
09/02/2011 |
Active |
NO |
|
13 |
U72900DL2008PTC184375 |
ACCENTIUM WEB
PRIVATE LIMITED |
Director |
21/10/2008 |
21/10/2008 |
- |
Active |
NO |
|
14 |
L27109DL1958PLC003006 |
HINDUSTAN TIN
WORKS LIMITED |
Director |
25/09/2009 |
30/07/2009 |
29/03/2014 |
Active |
NO |
|
15 |
U74899DL1951GAP001947 |
PHD CHAMBER OF
COMMERCE AND INDUSTRY |
Director |
24/12/2010 |
24/12/2010 |
- |
Active |
NO |
|
16 |
U72900DL2000PTC253578 |
SITAGITA COM
PRIVATE LIMITED |
Director |
27/09/2012 |
11/05/2012 |
- |
Active |
NO |
|
17 |
U51109DL2011PTC213035 |
H R G IMPEX
PRIVATE LIMITED |
Director |
17/10/2012 |
17/10/2012 |
- |
Active |
NO |
|
Name : |
Mrs. Vinita Pahwa |
|
Designation : |
Director |
|
Address : |
20, |
|
Date of Birth/Age : |
28.09.1955 |
|
Date of Appointment : |
12.10.1981 |
|
DIN No.: |
00176643 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74210DL1981PTC012456 |
BRY- AIR (ASIA)
PRIVATE LIMITED |
Director |
12/10/1981 |
12/10/1981 |
- |
Active |
NO |
|
2 |
U51909DL1984PTC017496 |
ARCTIC INDIA
SALES PRIVATE LTD |
Director |
06/02/1984 |
06/02/1984 |
- |
Active |
NO |
|
3 |
U74899DL1984PTC017497 |
DESICCANT ROTORS
INTERNATIONAL PRIVATE LIMITED |
Director |
06/02/1984 |
06/02/1984 |
- |
Active |
NO |
|
4 |
U24111DL1988PTC034228 |
DELAIR INDIA
PRIVATE LIMITED |
Director |
14/12/1988 |
14/12/1988 |
- |
Active |
NO |
|
5 |
U51109DL1989PTC035031 |
INSENT
COMMERCIAL PRIVATE LIMITED. |
Director |
14/02/1989 |
14/02/1989 |
- |
Active |
NO |
|
6 |
U67120DL1996PTC080411 |
PAHWA (HOLDINGS)
PRIVATE LIMITED |
Director |
16/07/1996 |
16/07/1996 |
- |
Active |
NO |
|
7 |
U31909DL1996PTC080410 |
AIRGINEERS (GLOBAL)
PRIVATE LIMITED |
Director |
16/07/1996 |
16/07/1996 |
- |
Active |
NO |
|
8 |
U74140DL1998PTC097352 |
TECHNICAL DRYING
SERVICES (ASIA) PRIVATE LIMITED |
Director |
08/12/1998 |
08/12/1998 |
- |
Active |
NO |
|
9 |
U72300DL2007PTC169207 |
GAADI WEB PRIVATE
LIMITED |
Director |
10/10/2007 |
10/10/2007 |
09/02/2011 |
Active |
NO |
|
10 |
U51109DL2011PTC213035 |
H R G IMPEX
PRIVATE LIMITED |
Director |
17/10/2012 |
17/10/2012 |
- |
Active |
NO |
|
11 |
U29190GJ1997PTC032379 |
PURIFLAIR INDIA PRIVATE
LIMITED |
Additional
director |
30/10/2013 |
30/10/2013 |
- |
Active |
NO |
|
Name : |
Mr. Dinesh Gupta |
|
Designation : |
Director |
|
Address : |
A-77, Malviya Nagar, |
|
Date of Birth/Age : |
21.10.1958 |
|
Date of Appointment : |
25.11.2000 |
|
DIN No.: |
00176673 |
|
|
|
|
Name : |
Mr. Rajnish Joshi |
|
Designation : |
Director |
|
Address : |
36/75, Punjabi Bagh, |
|
Date of Birth/Age : |
03.07.1953 |
|
Date of Appointment : |
25.11.2000 |
|
DIN No.: |
00345863 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U52332AP2000PTC033335 |
SRP ENVIRO
SYSTEMS PRIVATE LIMITED |
Director |
24/01/2000 |
24/01/2000 |
Active |
NO |
|
2 |
U74210DL1981PTC012456 |
BRY- AIR (ASIA)
PRIVATE LIMITED |
Director |
25/11/2000 |
25/11/2000 |
Active |
NO |
|
3 |
U52190DL2001PTC110486 |
CANI
MERCHANDIZING PRIVATE LIMITED |
Director |
19/04/2001 |
19/04/2001 |
Active |
NO |
|
4 |
U52100DL2007PTC168460 |
TROCELLEN INDIA
PRIVATE LIMITED |
Director |
20/09/2007 |
20/09/2007 |
Active |
NO |
|
5 |
U93000AP2007PTC056277 |
SRP ENVIRO
SERVICES PRIVATE LIMITED |
Director |
12/11/2007 |
12/11/2007 |
Active |
NO |
|
6 |
U29299DL2008PTC266089 |
SRP AUTOMATION
PRIVATE LIMITED |
Director |
17/11/2008 |
17/11/2008 |
Active |
NO |
|
7 |
U51900DL2011PTC215756 |
CANI MARKETING
PRIVATE LIMITED |
Director |
14/03/2011 |
14/03/2011 |
Active |
NO |
|
Name : |
Mr. Anil Kumar |
|
Designation : |
Director |
|
Address : |
21-Amrita Shergill Marg, |
|
Date of Birth/Age : |
09.06.1954 |
|
Date of Appointment : |
02.12.1983 |
|
DIN No.: |
00531102 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74210DL1981PTC012456 |
BRY- AIR (ASIA)
PRIVATE LIMITED |
Director |
02/12/1993 |
02/12/1993 |
Active |
NO |
|
2 |
U45203DL1996PTC081481 |
J A HOLDINGS AND
SERVICES PRIVATE LIMITED |
Director |
28/08/1996 |
28/08/1996 |
Active |
NO |
|
3 |
U74220DL1997PTC202243 |
INTERTEK INDIA
PRIVATE LIMITED |
Nominee director |
20/01/1998 |
20/01/1998 |
Active |
NO |
|
4 |
U99999MH1981PTC024504 |
CALEB BRETT
INDIA PRIVATE LIMITED |
Nominee director |
17/08/1998 |
17/08/1998 |
Amalgamated |
NO |
|
5 |
U74999DL2013PTC249010 |
INTERTEK
INSURANCE SURVEYORS AND LOSS ASSESSORS PRIVATE LIMITED |
Director |
04/03/2013 |
04/03/2013 |
Active |
NO |
|
Name : |
Mr. Paul D. Griesse |
|
Designation : |
Director |
|
Address : |
2640, |
|
Date of Birth/Age : |
13.06.1943 |
|
Date of Appointment : |
11.03.1986 |
|
DIN No.: |
02170497 |
|
|
|
|
Name : |
Mr. Prem Sagar |
|
Designation : |
Director |
|
Address : |
101, First Floor, Silver Springs, Rizvi Complex, Shetty, Rajan Road,
Bandra West, Mumbai – 4000650, Maharashtra, India |
|
Date of Birth/Age : |
20.08.1935 |
|
Date of Appointment : |
11.01.2004 |
|
DIN No.: |
01859762 |
|
|
|
|
Name : |
Mr. Varun Pahwa |
|
Designation : |
Additional Director |
|
Address : |
20, |
|
Date of Appointment : |
02.06.2012 |
|
DIN No.: |
01831184 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U72900DL2008PTC184375 |
ACCENTIUM WEB
PRIVATE LIMITED |
Director |
21/10/2008 |
21/10/2008 |
Active |
NO |
|
2 |
U72900DL2000PTC253578 |
SITAGITA COM
PRIVATE LIMITED |
Director |
27/09/2012 |
11/05/2012 |
Active |
NO |
|
3 |
U74210DL1981PTC012456 |
BRY- AIR (ASIA)
PRIVATE LIMITED |
Director |
28/09/2012 |
02/06/2012 |
Active |
NO |
|
Name : |
Mr. Vivek Pahwa |
|
Designation : |
Additional Director |
|
Address : |
20, |
|
Date of Appointment : |
02.06.2012 |
|
DIN No.: |
01831202 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U72900DL2008PTC184375 |
ACCENTIUM WEB PRIVATE
LIMITED |
Director |
21/10/2008 |
21/10/2008 |
- |
Active |
NO |
|
2 |
U72900DL2000PTC253578 |
SITAGITA COM
PRIVATE LIMITED |
Director |
27/09/2012 |
19/01/2009 |
- |
Active |
NO |
|
3 |
U72300DL2007PTC169207 |
GAADI WEB
PRIVATE LIMITED |
Director |
30/09/2009 |
23/03/2009 |
10/02/2011 |
Active |
NO |
|
4 |
U74210DL1981PTC012456 |
BRY- AIR (ASIA)
PRIVATE LIMITED |
Director |
28/09/2012 |
02/06/2012 |
- |
Active |
NO |
|
5 |
U52590DL2012PTC239375 |
ADLIFT MARKETING
PRIVATE LIMITED |
Director |
26/07/2012 |
26/07/2012 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Naresh |
|
Designation : |
Sales Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
Deepak Pahwa |
42,780 |
66.84 |
|
Vinita Pahwa |
11,500 |
17.97 |
|
Varun Pahwa |
4,860 |
7.59 |
|
Vivek Pahwa |
4,860 |
7.59 |
|
TOTAL |
64,000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20262329%2008-May-2014_files/image015.gif)
AS ON 30.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Dehumidifiers, Dryers and Providing Installation and
Other Services |
GENERAL INFORMATION
|
No. of Employees : |
1200 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
·
The
Royal Bank Of Scotalnd N.V, Hansalya Building, 15, Barkahamba Road, New Delhi
-110001, Delhi, India ·
ABN
Amro Bank N. V., Hansalaya Builiding, 15 Barakhamba Road, New Delhi – 110001,
Delhi, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Walker, Chandiok and Company Chartered Accountants |
|
Address : |
L-41, Connaught Circus, |
|
Tel. No.: |
91-11-42787070 |
|
Fax No : |
91-11-42787071 |
|
E-Mail : |
|
|
PAN No : |
AAAFW4298E |
|
|
|
|
Subsidiaries : |
·
Bry-Air ( ·
Bry-Air ( ·
Ahlberg + Hennrich ·
Bry-Air Pro-Kon Sagl, Switzerland ·
H R G Impex Private Limited CIN No.: - U51109DL2011PTC213035 |
|
|
|
|
Other Related Parties : |
·
Delair India Private Limited ·
Desiccant Rotors International Private Limited ·
Desiccant Rotors International Inc. ·
Insent Commercial Private Limited ·
Technical Drying Services (Asia) Private Limited ·
Accentium Web Private Limited ·
Arctic India Sales Private Limited ·
Airgineers (Global) Private Limited ·
Pahwa (Holding) Private Limited ·
Adlift Marketing Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
98000 |
Equity Shares |
Rs.100/- each |
Rs. 9.800 Millions |
|
2000 |
12% Preference Shares |
Rs.100/- each |
Rs. 0.200 Million |
|
|
TOTAL |
|
Rs. 10.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
64000 |
Equity Shares |
Rs.100/-
each |
Rs. 6.400
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 |
6.400 |
6.400 |
6.400 |
|
(b) Reserves & Surplus |
1442.414 |
1277.338 |
1109.739 |
|
(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) |
1448.814 |
1283.738 |
1116.139 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
1.120 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
24.834 |
20.697 |
20.421 |
|
Total
Non-current Liabilities (3) |
24.834 |
20.697 |
21.541 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
21.803 |
18.544 |
47.472 |
|
(b) Trade payables |
136.741 |
102.738 |
59.578 |
|
(c) Other current liabilities |
39.793 |
36.245 |
31.660 |
|
(d) Short-term provisions |
3.183 |
3.414 |
1.890 |
|
Total
Current Liabilities (4) |
201.520 |
160.941 |
140.600 |
|
|
|
|
|
|
TOTAL |
1675.168 |
1465.376 |
1278.280 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
78.289 |
76.138 |
83.240 |
|
(ii) Intangible Assets |
17.203 |
23.633 |
30.394 |
|
(iii) Capital work-in-progress |
5.511 |
2.172 |
0.000 |
|
(iv) Intangible assets under
development |
0.355 |
0.355 |
0.355 |
|
(b) Non-current Investments |
20.421 |
19.880 |
40.022 |
|
(c) Deferred tax assets (net) |
15.783 |
14.984 |
0.000 |
|
(d) Long-term Loan and Advances |
22.009 |
12.095 |
21.513 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
159.571 |
149.257 |
175.524 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
787.674 |
813.187 |
672.046 |
|
(b) Inventories |
138.972 |
108.086 |
87.643 |
|
(c) Trade receivables |
343.739 |
251.078 |
215.060 |
|
(d) Cash and cash equivalents |
35.188 |
104.259 |
65.938 |
|
(e) Short-term loans and
advances |
210.024 |
39.509 |
62.069 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1,515.597 |
1,316.119 |
1,102.756 |
|
|
|
|
|
|
TOTAL |
1675.168 |
1465.376 |
1278.280 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
|
961.827 |
900.341 |
|
|
Other Income |
|
72.099 |
35.497 |
|
|
TOTAL
(A) |
NA |
1,033.926 |
935.838 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
773.338 |
639.638 |
|
|
Purchases of Stock-in-Trade |
|
|
|
|
|
Employees benefits expense |
|
|
|
|
|
TOTAL
(B) |
NA |
773.338 |
639.638 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION
(C) |
NA |
260.588 |
296.200 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES
(D) |
NA |
5.681 |
3.533 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
254.907 |
292.667 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
18.513 |
18.400 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
NA |
236.394 |
274.267 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
NA |
68.796 |
81.437 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I) (J) |
NA |
167.598 |
192.830 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
365.411 |
279.489 |
251.903 |
|
|
Commission |
5.250 |
12.444 |
1.492 |
|
|
Interest |
1.125 |
0.400 |
0.585 |
|
|
License Fees |
0.000 |
0.051 |
0.224 |
|
|
Others |
3.176 |
0.121 |
0.380 |
|
|
TOTAL
EARNINGS |
374.962 |
292.505 |
254.584 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
23.473 |
33.992 |
25.119 |
|
|
TOTAL
IMPORTS |
23.473 |
33.992 |
25.119 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
-- |
2618.72 |
3012.97 |
%20PRIVATE%20LIMITED%20-%20262329%2008-May-2014_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20262329%2008-May-2014_files/image004.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
PAT / Total Income |
(%) |
NA |
16.21 |
20.61 |
|
|
|
|
|
|
|
|
|
Net Profit Margin |
(%) |
NA |
24.58 |
30.46 |
|
|
|
|
|
|
|
|
|
Return on Total Assets |
(%) |
NA |
16.55 |
22.16 |
|
|
|
|
|
|
|
|
|
Return on Investment (ROI) |
|
NA |
0.18 |
0.25 |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio |
|
0.02 |
0.01 |
0.04 |
|
|
|
|
|
|
|
|
|
Current Ratio |
|
7.52 |
8.18 |
7.84 |
|
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 |
6.400 |
6.400 |
6.400 |
|
Reserves & Surplus |
1,109.739 |
1,277.338 |
1,442.414 |
|
Net
worth |
1,116.139 |
1,283.738 |
1,448.814 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
47.472 |
18.544 |
21.803 |
|
Total
borrowings |
47.472 |
18.544 |
21.803 |
|
Debt/Equity
ratio |
0.043 |
0.014 |
0.015 |
%20PRIVATE%20LIMITED%20-%20262329%2008-May-2014_files/image017.gif)
YEAR ON YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
900.341 |
961.827 |
|
|
|
6.829 |
%20PRIVATE%20LIMITED%20-%20262329%2008-May-2014_files/image019.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
|
|
(INR) |
(INR) |
|
Sales |
900.341 |
961.827 |
|
Profit |
192.830 |
167.598 |
|
|
21.42% |
17.42% |
%20PRIVATE%20LIMITED%20-%20262329%2008-May-2014_files/image021.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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two 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) |
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 |
No |
INDEX OF CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10481739 |
05/03/2014 |
97,500,000.00 |
INDUSIND BANK LTD. |
DR. GOPAL DAS BUILDING,, 28, BARAKHAMBA ROAD, NEW |
B98162472 |
|
2 |
10429064 |
27/05/2013 |
260,100,000.00 |
INDUSIND BANK LTD. |
DR. GOPAL DAS BHAWAN, 28, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B76287978 |
|
3 |
10291215 |
21/05/2011 |
123,500,000.00 |
THE ROYAL BANK OF SCOTLAND N.V. |
HANSALYA BUILDING, 15 BARAKHAMBA ROAD, NEW DELHI, |
B14640189 |
CORPORATE
INFORMATION
Subject was incorporated as a private limited
company, on October 20, 1981. The Company is mainly involved in manufacturing of
dehumidifiers, dryers and providing installation and other services.
FIXED ASSETS
- Land
- Freehold
- Leasehold
- Buildings
- Leasehold Improvement
- Furniture,
Fixtures and Air Conditioners
- Office
Equipments
- Motor
Vehicles
- Computer
Software
- Goodwill
- Trade mark
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. 60.03 |
|
|
1 |
Rs. 101.96 |
|
Euro |
1 |
Rs. 83.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
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.