MIRA
INFORM REPORT
|
Report Date : |
24.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
FROST INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
907-910, Meadows, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
17.05.1995 |
|
|
|
|
Com. Reg. No.: |
20-018067 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.253.000
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U05001UP1995PLC018067 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KNPF01025D |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of devices, equipments, transmitters, phonographs
and equipments, Agri Commodities. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Liquidity position of the company is strong and healthy. Overall financial
position of the company is decent. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains revenue
guidance. COO Rao says attrition still an area of concern and it would take a
few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risks. |
|
Date |
20.03.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risks. |
|
Date |
20.03.2014 |
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Nagendra Shukla |
|
Designation : |
Finance Head |
|
Contact No.: |
91-9838070338 |
|
Date : |
22.11.2014 |
LOCATIONS
|
Registered Office : |
907-910, Meadows, Sahar Plaza, Andheri Kurla Road, Andheri (East),
Mumbai 400059,
Maharashtra |
|
Tel. No.: |
91-22-28240901/ 42634444 |
|
Mobile : |
91-9838070338 (Mr. Nagendra Shukla) |
|
Fax No.: |
91-22-28240906 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned [Commercial] |
|
|
|
|
|
# C 69 and 70, Okhla Industrial Area, Phase I, New Delhi - 110 020,
India |
|
Tel. No.: |
91-11-40694444 |
|
Fax No.: |
91-11-40694474 |
|
E-Mail : |
|
|
|
|
|
Kolkata Office / Warehouse : |
S.B. Tower, Unit 4 - 4D, 3rd Floor, 37, Shakespeare Sarani,
Kolkata - 700 017, West Bengal, India |
|
Tel. No.: |
91-33-40164444 |
|
Fax No.: |
91-33-40164474 |
|
E-Mail: |
|
|
|
|
|
Head Office : |
402, Kalpana Plaza, 24/147-B, Birhana Road, Kanpur – 208 001, Uttar
Pradesh, India |
|
Tel. No.: |
91-512-2379246/ 2319246 |
|
Fax No.: |
91-512-2348188/ 2353188 |
|
E-Mail : |
|
|
|
|
|
Ahmedabad Office / Branch : |
# 406, 4th Floor, Sail’s Mall, B/H, Girish Cold Drink, C.G.
Road, Navrangpura, Ahmedabad – 380 009, Gujarat, India |
|
E-Mail : |
|
|
|
|
|
Head Office and
International Marketing Division : |
Aria Towers - 3rd Floor, Commercial Block, JW Marriott
Hotel, Aerocity, |
DIRECTORS
AS ON 25.09.2013
|
Name : |
Mr. Uday Jayant Desai |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
2A/360, Azad Nagar, Kanpur – 208 002, Uttar Pradesh, India |
|
Date of Birth/Age : |
02.07.1956 |
|
Date of Appointment : |
31.05.1995 |
|
DIN No.: |
00039009 |
|
|
|
|
Name : |
Mr. Sunil Kumar Verma |
|
Designation : |
Whole Time Director |
|
Address : |
3A/175, Azad Nagar, Kanpur – 208 002, Uttar Pradesh, India |
|
Date of Birth/Age : |
04.10.1957 |
|
Date of Appointment : |
31.05.1995 |
|
DIN No.: |
00038861 |
|
|
|
|
Name : |
Mr. Anoop Kumar Wadhera |
|
Designation : |
Whole Time Director |
|
Address : |
9/1, Sarva Priya Vihar, New Delhi – 110 017, India |
|
Date of Birth/Age : |
25.09.1956 |
|
Date of Appointment : |
31.05.1995 |
|
DIN No.: |
00335211 |
|
|
|
|
Name : |
Mr. Krishnavadan Popatlal Shah |
|
Designation : |
Director |
|
Address : |
801, Gopal Krishna Apartment, Dumas Road, Surat, Gujarat, India |
|
Date of Birth/Age : |
09.09.1931 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
04.02.2010 |
|
DIN No.: |
02908268 |
|
|
|
|
Name : |
Mr. Ajay Kumar Shri Kishan Saraogi |
|
Designation : |
Director |
|
Address : |
2A/175, Azad Nagar, Kanpur – 208 002, Uttar Pradesh, India |
|
Date of Birth/Age : |
26.08.1956 |
|
Qualification : |
B.A., LL.B |
|
Date of Appointment : |
04.02.2010 |
|
DIN No.: |
00130805 |
|
Other Directorship : |
v
Jay Kay Cem (Eastern) Limited v
Hilman Capital Finance Limited v
Yadu International Limited |
|
|
|
|
Name : |
Mr. Prabhjot Trilok Singh |
|
Designation : |
Director |
|
Address : |
Perfection House, 15, Rajpur Road, Dehradun, Uttarakhand, India |
|
Date of Birth/Age : |
08.11.1965 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
02.03.2010 |
|
DIN No.: |
02954935 |
|
|
|
|
Name : |
Mr. Jagendra Virendra Swaroop |
|
Designation : |
Director |
|
Address : |
15/96, Civil Lines, , Kanpur, Uttar Pradesh, India |
|
Date of Birth/Age : |
02.07.1949 |
|
Qualification : |
B.Sc., LL.B |
|
Date of Appointment : |
02.03.2010 |
|
DIN No.: |
00164708 |
|
Name : |
Mr. Sanjay Uday Desai |
|
Designation : |
Director |
|
Address : |
2A/360, Azad Nagar, Kanpur – 208 002, Uttar Pradesh, India |
|
Date of Appointment : |
19.07.2011 |
|
DIN No.: |
00039105 |
KEY EXECUTIVES
|
Name : |
Mr. Nagendra Shukla |
|
Designation : |
Finance Head |
|
Name : |
Mr. Sudeepti Srivastava |
|
Designation : |
Secretory |
|
Address : |
104/132, Kanpur, Uttar Pradesh, India |
|
Date of Appointment : |
15.05.2011 |
|
DIN No.: |
CETPS9416P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.09.2013
Note : shareholders details file attached.
AS ON 25.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of devices, equipments, transmitters, phonographs
and equipments. |
|
|
|
|
Products : |
·
Agro Commodities ·
Minerals and Metals ·
Precious Metals and Gems ·
Plastics and Polymers ·
Textile and Fabrics ·
Raw Silk Yarn ·
Stationary Products ·
Medicine and Bulk Drugs |
|
Exports : |
|
|
Products : |
Finished goods |
|
Countries : |
·
Singapore ·
China ·
Dubai |
|
|
|
|
Import : |
|
|
Countries : |
·
Brazil ·
US ·
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash , Cheque |
|
|
|
|
Purchasing : |
Cash, Cheque |
GENERAL INFORMATION
|
Supplier : |
Not Divulged |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
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Customer : |
Not Divulged |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Oriental Bank Of Commerce I Fb -A Block,
Connaught Place, New Delhi - 110001, Delhi, India ·
Bank Of Baroda, Vile Parle West Branch, Somaiya
Sadan,, D. J. Road, Vile Parle West,, Mumbai - 400056, Maharashtra, India ·
Allahabad Bank, Main Branch, Bara Chouraha,
Kanpur - 208001, Uttar Pradesh, India ·
Bank Of India (Lead Bank) Mid Corporate Branch,
Thapar House, 26/41 Birhna Road, Kanpur - 208001, Uttar Pradesh, India ·
Bank Of India, Mid Corporate Branch, Thapar
House, 26/41 Birhna Road, Kanpur - 208001, Uttar Pradesh, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
Cash Credit = Rs. 307.500 Millions
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajiv Mehrotra and Associates Chartered Accountants |
|
Address : |
Anjani, Kheterpal 401701 3/3-A,Vishnupuri, Kanpur – 208 002, Uttar
Pradesh, India |
|
PAN No.: |
AAFFR0926B |
|
|
|
|
Subsidiaries : |
Frost Global Pte. Limited, Singapore |
|
|
|
|
Associates : |
·
Globiz Exim Private Limited
[U51109UP2005PTC030368] ·
R S Builders Private Limited
[U24231UP1989PTC010498] ·
Frost Infrastructure And Energy Limited
[U11100UP2009PLC038320] ·
Comet Overseas Private Limited
[U05001UP1995PTC018328] |
CAPITAL STRUCTURE
AS ON 25.09.2013
Authorised Capital : Rs. 500.000 Millions
Issued, Subscribed & Paid-up Capital : 270.400
Millions
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25300000 |
Equity Shares |
Rs.10/- each |
Rs.253.000
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 |
253.000 |
238.000 |
200.000 |
|
(b) Reserves & Surplus |
3,001.138 |
2,209.294 |
1,615.872 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.500 |
|
Total
Shareholders’ Funds (1) + (2) |
3,254.138 |
2,447.294 |
1,816.372 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1,059.256 |
992.756 |
721.403 |
|
(b) Deferred tax liabilities
(Net) |
72.741 |
71.559 |
0.000 |
|
(c) Other long term
liabilities |
1.455 |
1.465 |
0.230 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
1,133.452 |
1,065.780 |
721.633 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1,486.873 |
1,408.390 |
1,195.817 |
|
(b) Trade payables |
32,583.527 |
19,884.472 |
12,331.134 |
|
(c) Other current liabilities |
5,438.546 |
333.875 |
248.494 |
|
(d) Short-term provisions |
367.948 |
155.460 |
204.986 |
|
Total
Current Liabilities (4) |
39,876.894 |
21,782.197 |
13,980.431 |
|
|
|
|
|
|
TOTAL |
44,264.484 |
25,295.271 |
16,518.436 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
433.651 |
432.538 |
207.022 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
23.851 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
248.265 |
261.248 |
270.750 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
4.943 |
|
(d) Trade receivables |
0.000 |
0.000 |
0.000 |
|
(e) Long-term Loan and Advances |
435.559 |
658.491 |
657.971 |
|
(f) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1,117.475 |
1,376.128 |
1,140.686 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
782.690 |
1,433.200 |
939.167 |
|
(c) Trade receivables |
8,986.530 |
8,772.689 |
4,823.880 |
|
(d) Cash and cash equivalents |
30,430.244 |
11,805.827 |
7,434.365 |
|
(e) Short-term loans and
advances |
1,763.490 |
1,420.683 |
1,992.206 |
|
(f) Other current assets |
1,184.055 |
486.744 |
188.132 |
|
Total
Current Assets |
43,147.009 |
23,919.143 |
15,377.750 |
|
|
|
|
|
|
TOTAL |
44,264.484 |
25,295.271 |
16,518.436 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
88,642.763 |
62,554.065 |
38,662.900 |
|
|
Other Income |
214.741 |
178.096 |
134.264 |
|
|
TOTAL
(A) |
88,857.504 |
62,732.161 |
38,797.164 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Raw Material Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of Stock-in-Trade |
86,038.237 |
61,519.460 |
36,792.960 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
650.510 |
(494.033) |
(11.362) |
|
|
Employee Benefit Expenses |
69.615 |
61.670 |
35.962 |
|
|
Other expenses |
382.866 |
477.025 |
1,048.525 |
|
|
TOTAL
(B) |
87,141.228 |
61,564.122 |
37,866.085 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
1,716.276 |
1,168.039 |
931.079 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
584.190 |
455.516 |
364.039 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1,132.086 |
712.523 |
567.040 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
60.049 |
42.320 |
27.715 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
1,072.037 |
670.203 |
539.325 |
|
|
|
|
|
|
|
Less |
TAX
(H) |
356.383 |
213.211 |
190.653 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H)
(I) |
715.654 |
456.992 |
348.672 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
79,547.381 |
47,821.947 |
0.000 |
|
|
TOTAL
EARNINGS |
79,547.381 |
47,821.947 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
57,520.742 |
40,556.078 |
0.000 |
|
|
TOTAL
IMPORTS |
57,520.742 |
40,556.078 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
29.57 |
22.62 |
20.58 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.81
|
0.73 |
0.90
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.21
|
1.07 |
1.39
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.44
|
2.68 |
3.32
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.27 |
0.30
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.78
|
0.98 |
1.06
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08
|
1.10 |
1.10
|
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
200.000 |
238.000 |
253.000 |
|
Reserves & Surplus |
1,615.872 |
2,209.294 |
3,001.138 |
|
Share Application money pending
allotment |
0.500 |
0.000 |
0.000 |
|
Net
worth |
1,816.372 |
2,447.294 |
3,254.138 |
|
|
|
|
|
|
long-term borrowings |
721.403 |
992.756 |
1,059.256 |
|
Short term borrowings |
1,195.817 |
1,408.390 |
1,486.873 |
|
Total
borrowings |
1,917.220 |
2,401.146 |
2,546.129 |
|
Debt/Equity
ratio |
1.056 |
0.981 |
0.782 |
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) |
|
Revenue from operations |
38,662.900 |
62,554.065 |
88,642.763 |
|
|
|
61.794 |
41.706 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Revenue from operations |
38,662.900 |
62,554.065 |
88,642.763 |
|
Profit After Tax |
348.672 |
456.992 |
715.654 |
|
|
0.90% |
0.73% |
0.81% |
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 |
No |
|
18] |
Major customers |
No |
|
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 |
NOTE :
The registered office of the company has been shifted from 402, Kalpana
Plaza, 24/147-B, Birhana Road, Kanpur – 208 001, Uttar Pradesh, India to the
present address w.e.f. 02.03.2013.
UNSECURED LOANS
|
PARTICULAR |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
471.823 |
190.896 |
|
Other Loans and advances |
0.000 |
650.778 |
|
Total |
471.823 |
841.674 |
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10485235 |
12/03/2014 |
4,050,000,000.00 |
ORIENTAL BANK OF
COMMERCE |
I FB -A BLOCK, CONNAUGHT
PLACE, NEW DELHI, Delhi |
C00550137 |
|
2 |
10474732 |
22/01/2014 |
1,550,000,000.00 |
CANARA BANK |
MAKER TOWER , F-
WING ,85, CUFFE PARADE, MUMBAI, |
B95139275 |
|
3 |
10469442 |
07/12/2013 |
2,500,000.00 |
BANK OF INDIA |
MID CORPORATE
BRANCH, THAPAR HOUSE, 26/41 BIRHNA |
B93238772 |
|
4 |
10469447 |
07/12/2013 |
60,000,000.00 |
BANK OF INDIA |
MID CORPORATE
BRANCH, THAPAR HOUSE, 26/41 BIRHNA |
B93239630 |
|
5 |
10469474 |
07/12/2013 |
500,000,000.00 |
BANK OF INDIA |
MID CORPORATE
BRANCH, THAPAR HOUSE, 26/41 BIRHNA |
B93240620 |
|
6 |
10414691 |
06/02/2013 |
1,616,000.00 |
Axis Bank
Limited |
RAC - Kolkata,
Loards Building, 1st Floor, 7/1 Lo |
B71707582 |
|
7 |
10403768 |
03/02/2013 |
5,853,563.00 |
SREI Equipment
Finance Private Limited |
'VISHWAKARMA',
86C, TOPSIA ROAD,, KOLKATA, West Be |
B68420033 |
|
8 |
10400281 |
04/12/2012 |
2,117,000.00 |
Axis Bank
Limited |
RAC - Kolkata,
Loards Building, 1st Floor, 7/1 Lo |
B67011353 |
|
9 |
10400289 |
03/12/2012 |
10,400,000.00 |
Axis Bank
Limited |
RAC - Kolkata,
Loards Building, 1st Floor, 7/1 Lo |
B67015727 |
|
10 |
10387667 |
02/11/2012 |
562,000.00 |
Axis Bank Limited |
RAC - Kolkata,
Loards Building, 1st Floor, 7/1 Lo |
B62433479 |
* Date of charge modification
FIXED ASSETS:
·
Flat – Mumbai
·
Office Plant – Delhi
·
Office Flat – Knp.
·
New Office Premises
·
Residential Flat – New
·
Land – Office, New Delhi
·
New Office Premises
·
Office Renovation – K
·
Air Conditioner
·
Electric Fittings
·
EPABX
·
Fax Machine
·
Generator
·
Refrigerator
·
Office Equipments
·
Elevator – New Delhi
Office
·
Furniture and Fixture
·
Two-wheelers
·
Computer
·
Television
·
Car
·
Office Flat, Kanpur
·
Flat at New Delhi
·
Furnishing – Delhi Flat
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts, India Prisons Service, Interpol, etc.
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 records 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.61.85 |
|
UK Pound |
1 |
Rs.97.01 |
|
Euro |
1 |
Rs.77.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.