MIRA
INFORM REPORT
|
Report Date : |
24.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
INTEX TECHNOLOGIES ( |
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|
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|
Registered
Office : |
D-18/2, Okhla Industrial Area, Phase -2, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
22.01.1996 |
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Com. Reg. No.: |
55-075672 |
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Capital
Investment / Paid-up Capital : |
Rs.345.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300DL1996PLC075672 |
|
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACL4265L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is a pioneer in Technology and IT Products such as
Computer Peripherals, Mobile Phones and Consumer Electronics. |
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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 2600000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There seems a significant growth in the company turnover and profit during
F.Y 2014. General financial position of the company is good. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct. 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
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 facilities: BBB+ |
|
Rating Explanation |
Moderate degree of safety it carry moderate credit risk. |
|
Date |
09.10.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term facilities: A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
09.10.2014 |
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 DECLINED
MANAGEMENT NON – COOPERATIVE (91-11-41610224)
LOCATIONS
|
Registered Office / Corporate Office : |
D-18/2, Okhla Industrial Area, Phase -2, |
|
Tel. No.: |
91-11-41610224 / 25 / 26 / 43192200 |
|
Fax No.: |
91-11-41610221 / 41610190 |
|
E-Mail : |
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|
Website : |
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|
Area : |
22600 sq. ft. |
|
Location : |
Leased |
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|
Production Unit : |
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|
Area : |
13200 sq. meteres |
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|
|
Branches Office : |
Located at: · Ahmedabad ·
· Mumbai · Chennai · Secunderabad · Kolkata · Bhubaneshwar ·
· Jaipur · Kaloor ·
·
·
·
·
· Roorkee · Himachal Pradesh · Gurgaon ·
·
·
· Dehradun · Jammu · Jamshedpur · New Delhi · Pune · Raipur · Guwahatl · Vishakhapatnam |
DIRECTORS
As on 01.09.2014
|
Name : |
Mr. Narendra Bansal |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
E-227, Sainik Farms, New Delhi - 110068, India |
|
Date of Birth/Age : |
25.08.1963 |
|
Qualification : |
B. Com |
|
Experience : |
27 Years |
|
Date of Appointment : |
01.12.2004 |
|
PAN No.: |
AHDPB0964E |
|
DIN No.: |
00058044 |
|
|
|
|
Name : |
Mr. Atul Jain |
|
Designation : |
Whole-time director |
|
Address : |
Flat No. – B, 2/221, Block No. 14, Kailash Dham, Sector 50, Noida – 201307, Uttar Pradesh, India |
|
Date of Birth/Age : |
23.01.1957 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
31.07.2013 |
|
PAN No.: |
ACYPJ9933D |
|
DIN No.: |
01721182 |
|
|
|
|
Name : |
Mr. Bharat Bhushan Chadha |
|
Designation : |
Director |
|
Address : |
C-14, Greater Kailash Enclave- 1, New Delhi - 110048, India |
|
Date of Birth/Age : |
26.05.1937 |
|
Qualification : |
B. A., FICWA |
|
Date of Appointment : |
02.08.2008 |
|
DIN No.: |
00298713 |
|
|
|
|
Name : |
Mr. Ramesh Ajit Vaswani |
|
Designation : |
Director |
|
Address : |
M-155, 1st Floor, Greater Kailash – II, New Delhi - 110048, India |
|
Date of Birth/Age : |
25.05.1942 |
|
Qualification : |
Degree in Mechanical Engineering |
|
Date of Appointment : |
01.08.2012 |
|
PAN No.: |
AAAPV2843C |
|
DIN No.: |
00449428 |
|
|
|
|
Name : |
Mr. Shiv Dayal Kapoor |
|
Designation : |
Director |
|
Address : |
Ploy No. 199P, Sector 47, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
01.08.1946 |
|
Date of Appointment : |
17.05.2014 |
|
DIN No.: |
00043634 |
|
|
|
|
Name : |
Nidhi Sardana |
|
Designation : |
Whole-time director |
|
Address : |
House No. 333, First Floor, IP Colony, Faridabad – 121003, Haryana, India |
|
Date of Birth/Age : |
02.11.1978 |
|
Date of Appointment : |
17.05.2014 |
|
DIN No.: |
01083376 |
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|
|
|
Name : |
Mr. Keshav Bansal |
|
Designation : |
Whole-time director |
|
Address : |
E-227, Western Avenue, Sainik Farms, New Delhi – 110062, India |
|
Date of Birth/Age : |
04.02.1992 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
31.07.2013 |
|
PAN No.: |
AXAPB6213D |
|
DIN No.: |
06642879 |
KEY EXECUTIVES
|
Name : |
Mr. Karm Veer |
|
Designation : |
Secretary |
|
Address : |
Wz-1288, Nangal Raya, Delhi 110046, India |
|
Date of Birth/Age : |
21.12.1978 |
|
Date of Appointment : |
07.01.2013 |
|
PAN No.: |
ASTPK5431E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 01.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Narendra Bansal |
|
33054639 |
|
Sanjay Bansal |
|
6300 |
|
Sunil Bansal |
|
6300 |
|
Alpa Bansal |
|
1432770 |
|
Kavita Bansal |
|
45000 |
|
Intex Infraprojects Private Limited, India |
|
10 |
|
Ramesh Ajit Vaswani |
|
15000 |
|
Intex Developers Private Limited, India |
|
30 |
|
Total |
|
34560049 |
Equity Share Break up (Percentage of Total Equity)
As on 01.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
%20LIMITED%20-%20294756%2024-Nov-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is a pioneer in Technology and IT Products such as
Computer Peripherals, Mobile Phones and Consumer Electronics. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India · Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli,, Mumbai - 400018, Maharashtra, India · State Bank of India, Commercial Branch, A-5 South Extension Part-I, New Delhi - 110048, Delhi, India |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
S.S. Kothari Mehta and Company Chartered Accountants |
|
Address : |
146-148 Tribhuvan, ComplexIshwar Nagar, Mathura Road, New Delhi – 110065, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFS6730L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives: |
· Intex Enterprises Private Limited, India [U72200DL2010PTC210750] · Intex Infosolution Limited · Intex Mobile Limited (formerly, Whiteline Telcom Limited ) · Intex Infraproject Private Limited · Intex Developer Private Limited · Intex Industries Jammu · Kipav Industries · Intex Industries-Mannpura · Associated Tubewells (India) Limited · Glo-Tech Industries ·
K-Tech Industries |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs. 400.00 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
34560049 |
Equity Shares |
Rs.10/- each |
Rs. 345.600
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
345.600 |
110.756 |
110.756 |
|
(b) Reserves & Surplus |
574.052 |
383.596 |
291.451 |
|
(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) |
919.652 |
494.352 |
402.207 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2.513 |
20.811 |
38.529 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
3.686 |
13.698 |
|
(c) Other long term
liabilities |
16.834 |
57.898 |
72.662 |
|
(d) long-term provisions |
31.440 |
18.836 |
16.829 |
|
Total
Non-current Liabilities (3) |
50.787 |
101.231 |
141.718 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
330.935 |
1568.956 |
1044.564 |
|
(b) Trade payables |
1364.222 |
1967.487 |
618.812 |
|
(c) Other current liabilities |
187.073 |
139.347 |
135.168 |
|
(d) Short-term provisions |
331.383 |
244.141 |
149.333 |
|
Total
Current Liabilities (4) |
2213.613 |
3919.931 |
1947.877 |
|
|
|
|
|
|
TOTAL |
3184.052 |
4515.514 |
2491.802 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
350.258 |
253.341 |
322.013 |
|
(ii) Intangible Assets |
15.954 |
13.950 |
16.539 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
6.436 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.036 |
0.036 |
0.036 |
|
(c) Deferred tax assets (net) |
1.332 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
87.201 |
30.303 |
29.281 |
|
(e) Other Non-current assets |
5.217 |
12.471 |
0.576 |
|
Total
Non-Current Assets |
459.998 |
310.101 |
374.881 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
29.800 |
29.588 |
32.488 |
|
(b) Inventories |
1155.172 |
833.355 |
713.178 |
|
(c) Trade receivables |
982.477 |
767.824 |
598.080 |
|
(d) Cash and cash equivalents |
387.903 |
1413.022 |
710.985 |
|
(e) Short-term loans and
advances |
141.020 |
120.526 |
36.274 |
|
(f) Other current assets |
27.682 |
41.098 |
25.916 |
|
Total
Current Assets |
2724.054 |
3205.413 |
2116.921 |
|
|
|
|
|
|
TOTAL |
3184.052 |
3515.514 |
2491.802 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
20575.058 |
10712.463 |
7824.720 |
|
|
Other Income |
41.754 |
31.576 |
12.075 |
|
|
TOTAL
(A) |
20616.812 |
10744.039 |
7836.795 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
17203.226 |
8742.358 |
6190.902 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(286.502) |
(43.479) |
(129.696) |
|
|
Employees benefits expense |
617.144 |
464.556 |
486.652 |
|
|
Other expenses |
2416.700 |
1327.130 |
1138.588 |
|
|
TOTAL
(B) |
19950.568 |
10490.565 |
7686.446 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
666.244 |
253.474 |
150.349 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
51.028 |
64.093 |
104.316 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
615.216 |
189.381 |
46.033 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
31.243 |
37.699 |
40.529 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
583.973 |
151.682 |
5.504 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
178.673 |
59.537 |
8.076 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
405.300 |
92.145 |
(2.572) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
338.310 |
246.165 |
248.737 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
338.310 |
0.000 |
0.000 |
|
|
Balance
Carried to the B/S |
405.300 |
338.310 |
246.165 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
25.1 |
8.32 |
-0.23 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT/ Sales |
(%) |
1.97 |
0.86 |
-0.03 |
|
|
|
|
|
|
|
PBIDT / Sales |
(%) |
3.24 |
2.37 |
1.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.35 |
4.31 |
0.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.63 |
0.31 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.36 |
3.22 |
2.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
0.82 |
1.09 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
110.756 |
110.756 |
345.600 |
|
Reserves & Surplus |
291.451 |
383.596 |
574.052 |
|
Net
worth |
402.207 |
494.352 |
919.652 |
|
|
|
|
|
|
long-term borrowings |
38.529 |
20.811 |
2.513 |
|
Short term borrowings |
1044.564 |
1568.956 |
330.935 |
|
Total
borrowings |
1083.093 |
1589.767 |
333.448 |
|
Debt/Equity
ratio |
2.693 |
3.216 |
0.363 |
%20LIMITED%20-%20294756%2024-Nov-2014_files/image004.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
7824.720 |
10712.463 |
20575.058 |
|
|
|
36.905 |
92.067 |
%20LIMITED%20-%20294756%2024-Nov-2014_files/image006.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
7824.720 |
10712.463 |
20575.058 |
|
Profit |
(2.572) |
92.145 |
405.300 |
|
|
(0.03%) |
0.86% |
1.97% |
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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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
RESULT OF OPERATIONS
During the period the company reported turnover of Rs. 20575.000 Millions as compared to turnover of previous years at Rs. 10712.400 Millions significant increase of over 92%. Profit before tax and depreciation were at Rs. 615.200 Millions as compared to previous year of Rs. 189.400 Millions thereby increase of more than 225%. Profit after tax was at Rs. 405.300 Millions as compared to Rs. 92.100 Millions during the previous financial year and increase of more than 340%.The year proved a landmark year in the companys history in terms of sales and profitability as the company was able to achieve the targets.
Mobile vertical continued to add growth in top line. This increased profit before tax has been achieved after providing for higher advertisement cost of Rs. 398.100 Millions approximately. The overall higher profitability was a result of higher operational efficiency, performance in all areas the organization as well emphasized on rationalizing various operation costs and overheads.
FUTURE PROSPECTUS AND
ECONOMIC OUTLOOK
Financial Year 2013-14 was also a year of slow recovery for economy as whole. As the Indian economy is largely integrated into world Economy hence the deteriorating International Economic environment exerted significant downward pressure on the economy. The economic conditions in the country in the current fiscal have been challenging. The period under review also continued to witness a period of combating inflation, higher interest rates.
The Indian Economy is likely to rise around 5.5% in FY15. Inflation is expected to be moderate based on good harvest and stable global commodity process. The rupee is expected to remain stable however USD likely to remain strong as compared to Indian Rupee.
Keeping in view focus of Government on Digital India as well delivery of maximum services to the citizens using mobile phone technology, the company foresees tremendous growth opportunities especially in mobile handset segment. the directors are hopeful of maintaining its growth in the future as well. the company continues to focus on constantly improving the quality of its products and will continue its focus on market share while maintaining a tight control on costs.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Other loans and advances |
9.814 |
7.118 |
|
|
|
|
|
Total |
9.814 |
7.118 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10531459 |
21/10/2014 |
1,000,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
C33710401 |
|
2 |
10526217 |
14/10/2014 |
200,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPUR,,
KOLHAPUR, MAHARASHTRA - 41600 |
C29922713 |
|
3 |
10511403 |
21/10/2014 * |
200,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA, DR. |
C33637620 |
|
4 |
10507584 |
19/06/2014 |
500,000,000.00 |
CITI BANK N.A. |
JEEVAN BHARTI
BUILDING, 4TH FLOOR, 124 CONNAUGHT |
C10113322 |
|
5 |
10515414 |
26/05/2014 |
290,000,000.00 |
ING VYSYA BANK LIMITED |
NARIAN MANZIL
GROUND FLOOR, SHOP NO. G1 TO G5,, I |
C16747701 |
|
6 |
10475872 |
12/01/2014 |
100,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B95609541 |
|
7 |
10348896 |
21/10/2014 * |
2,000,000,000.00 |
YES BANK LIMITED |
9TH FLOOR NEHRU
CENTRE DISCOVERY OF INDIA, DR ANN |
C33639691 |
|
8 |
10291788 |
25/04/2011 |
190,000,000.00 |
CENTRAL BANK OF INDIA |
MID CORPORATE FINANCE
BRANCH, JLN YOUTH CENTRE, 2 |
B14852123 |
|
9 |
10135069 |
21/02/2011 * |
280,000,000.00 |
AXIS BANK LIMITED |
4/10, OPG HOUSE,
ASAF ALI ROAD, NEW DELHI, DELHI |
B10474658 |
|
10 |
10020002 |
22/11/2013 * |
660,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH,
N-3, SOUTH EXTENSION PART-I, N |
B92069756 |
* Date of charge modification
FIXED ASSETS
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Leasehold improvements
Intangible assets
· Brands and trade marks
· Trade marks
· Computer software
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.62.85 |
|
|
1 |
Rs.97.01 |
|
Euro |
1 |
Rs.77.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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.