MIRA
INFORM REPORT
|
Report Date : |
01.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
CONTINENTAL AUTOMOTIVE COMPONENTS ( |
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Registered
Office : |
Plot No. 53 B, Bommasandra Industrial Area, Attibele Hobli, Anekal
Taluk, |
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Country : |
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Financials (as
on) : |
31.12.2012 |
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Date of
Incorporation : |
15.06.2007 |
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Com. Reg. No.: |
08-043146 |
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Capital
Investment / Paid-up Capital : |
Rs. 4180.600 Millions |
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CIN No.: [Company Identification
No.] |
U72900KA2007PTC043146 |
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PAN No.: [Permanent Account No.] |
AAKCS9578C |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Manufacturing and Trading of instrumentation products, sensors and
other allied components for the automobile industry. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 14000000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Management of the company not filed its latest financial i.e. Dec 2013
with the government department. As per available financial of 2012, the company seems to have recorded
some accumulated losses. However, trade relations are reported as fair. Business is active.
Payment terms are unknown. The company can be considered for business dealings with some caution.
|
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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization policies.
A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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 DENIED BY
|
Name : |
Mr. Shiv Kumar |
|
Designation : |
Account Head |
|
Date : |
30.08.2014 |
LOCATIONS
|
Registered Office : |
Plot No. 53 B, Bommasandra Industrial Area, Attibele Hobli, Anekal
Taluk, Bangalore – 560099, Karnataka, India |
|
Tel. No.: |
91-80-66115580/ 66115100 |
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Fax No.: |
91-80-66115115 |
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E-Mail : |
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Website : |
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Technical Center : |
Ozone Many tech Park, 4th Floor, 56/18,55/9 G.B. Palya,
Hosur Main Road, Bommanahalli Bangalore – 560068, Karnataka, India |
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Tel. No.: |
91-80-39186000 |
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Fax No.: |
91-80-39186165 |
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E-Mail: |
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Technical Center |
Plot No. 16 Sector 5IMT Manesar, Gurgaon – 122050, Haryana, India |
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Tel. No.: |
91-124-4660200 |
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Fax No.: |
91-124-4366154 |
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E-Mail: |
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Technical Center |
Gate No. 624 / 3, Village Kuruli, Chakan – Alandi Road, Tal Khed, Pune
– 410501, Maharashtra, India |
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Tel. No.: |
91-2135-668357 |
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Fax No.: |
91-2135-668330 / 333 |
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E-Mail: |
DIRECTORS
AS ON 25.06.2013
|
Name : |
Mr. Claude Alex D'gama Rose |
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Designation : |
Managing Director |
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Address : |
Flat No. 111, The Embassy, No.15, Ali Askar Road, Bangalore – 560052,
Karnataka, India |
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Date of Birth/Age : |
29.10.1956 |
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Date of Appointment : |
01.01.2010 |
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DIN No. : |
01494440 |
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Other Directorship :
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Name : |
Mr. Minaz Hassam |
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Designation : |
Whole-time Director |
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Address : |
525 16th Cross, Binnamangala 2nd STG Extn
Indiranagar Bangalore – 560038, Karnataka, India |
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Date of Birth/Age : |
23.12.1954 |
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Date of Appointment : |
24.05.2012 |
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DIN No. : |
05284769 |
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Name : |
Mr. Carsten Pfuhl |
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Designation : |
Director |
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Address : |
Room No. 705, Building 6, Lane 1068, Xinzha Road, Shanghai – 200041,
China, India |
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Date of Birth/Age : |
27.02.1976 |
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Date of Appointment : |
29.03.2010 |
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DIN No. : |
02950152 |
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KEY EXECUTIVES
|
Name : |
Mr. Shiv Kumar |
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Designation : |
Account Head |
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Name : |
Mr. Srinivasaiah Govindappa |
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Designation : |
Secretary |
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Address : |
No.12, Subbaiah Lane, Murugeshpalya Hal Road, Bangalore – 560017,
Karnataka, India |
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Date of Birth/Age : |
08.12.1965 |
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Date of Appointment : |
24.01.2008 |
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PAN No. : |
ACRPS2799H |
MAJOR SHAREHOLDERS
As on 25.06.2013
|
Names of Shareholders |
No. of Shares |
|
Continental Automtive GmbH, Germany |
456019374 |
|
Cas One Holding Gessellschaft, Germany |
1 |
|
Total |
456019375 |
As on 25.06.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20282470%2001-Sep-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of instrumentation products, sensors and
other allied components for the automobile industry. |
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Products : |
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PRODUCTION STATUS (As on 31.12.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Instrumentation products |
Nos |
3483344 |
1534059 |
|
Sensors and actuators |
Nos |
3238000 |
1545742 |
|
Fuel supply products |
Nos |
2210527 |
417613 |
|
Speed sensors |
Nos |
2145906 |
1334871 |
|
Vehicle body and security products |
Nos |
2115000 |
875011 |
|
Power steering products |
Nos |
630000 |
89760 |
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Others |
Nos |
597635 |
369686 |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
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Bankers : |
Not Available |
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Facilities : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
BSR and Company Chartered Accountants |
|
Address : |
Maruthi Info-Tech Centre, 11-12/1 Inner Ring Road,
Koramangala, Bangalore – 560071, Karnataka, India |
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PAN No.: |
AAAFB9852F |
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Ultimate holding
company |
Continental AG, Germany |
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Holding company |
Continental Automotive Gmbh, Germany |
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Parties under
common control with whom transactions have taken place during the year |
· A.D.C. Automotive Distance Control Systems GmbH, Germany · Benecke-Kaliko AG, Germany · Conti Tech India Private Limited, Sonepat-India · Conti Temic Microelectronic, Germany · Continental Pty Limited., Australia · Continental Automotiv Wuhu Company Limited China · Continental Automotive (Thailand) Company Limited, Thailand · Continental Automotive Belgium, Belgium · Continental Automotive Benelux, Belgium · Continental Automotive Brake Systems (I) Private Limited, Gurgaon-India · Continental Automotive Changchun Company Limited, China · Continental Automotive Corporation, China · Continental Automotive Corporation, South Korea · Continental Automotive Czech Republic s.r.o., Czech Republic · Continental Automotive Electronics LLC, South Korea · Continental Automotive France SAS, France · Continental Automotive Guadalajara Mexico S.A.de C.V., Mexico · Continental Automotive Hungary Kft, Hungary · Continental Automotive Corporation, Japan · Continental Automotive Japan K.K., Japan · Continental Automotive Jinan Company, China · Continental Automotive Mexicana S.A, Mexico · Continental Automotive Mexicana, Mexico · Continental Automotive Rambouillet SAS, France · Continental Automotive Rambouillet France SAS, France · Continental Automotive Romania Srl, Romania · Continental Automotive Singapore Pte., Limited, Singapore · Continental Automotive Spain, S.A., Spain · Continental Automotive Switzerland AG, Switzerland · Continental Automotive Systems (Shanghai) Company Limited, China · Continental Automotive Systems Corporation (SASCO), South Korea · Continental Automotive Systems Czech Republic S.R.O., Czech Republic · Continental Automotive Systems Inc, USA · Continental Automotive Systems Management Company Limited, China · Continental Automotive Systems US Inc, USA · Continental Automotive Corporation (LYG) Company Limited, China · Continental Automotive, Malaysia · Continental Brake Systems (Shanghai) Company Limited, China · Continental Brasil Industria Automotive Ltda., Brazil · Continental Guadalajara Services, Mexico · Continental Industria e Comércio, Brazil · Continental Mechanical Components GmbH, Germany · Continental Teves AG and Company GmbH , Germany · Continental Trading GmbH, Germany · Fujitsu Siemens Computers GmbH, Germany · SYNERJECT SAS, France |
CAPITAL STRUCTURE
As on 25.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
470000000 |
Equity Shares |
Rs.10/- each |
Rs.4700.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
456019375 |
Equity Shares |
Rs.10/- each |
Rs.4560.194 Millions |
|
|
|
|
|
As on 31.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
470000000 |
Equity Shares |
Rs.10/- each |
Rs.4700.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
418060000 |
Equity Shares |
Rs.10/- each |
Rs.4180.600 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.12.2012 |
31.12.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
4180.600 |
2830.100 |
|
(b) Reserves &
Surplus |
|
(496.550) |
(2420.470) |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
1709.500 |
|
Total Shareholders’ Funds
(1) + (2) |
|
3684.050 |
2119.130 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
9.270 |
31.050 |
|
(d) long-term provisions |
|
67.170 |
47.510 |
|
Total Non-current
Liabilities (3) |
|
76.440 |
78.560 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
541.270 |
1119.100 |
|
(b) Trade payables |
|
1664.230 |
2031.590 |
|
(c) Other current
liabilities |
|
547.780 |
1417.320 |
|
(d) Short-term provisions |
|
49.470 |
79.270 |
|
Total Current Liabilities
(4) |
|
2802.750 |
4647.280 |
|
|
|
|
|
|
TOTAL |
|
6563.240 |
6844.970 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2025.280 |
1926.630 |
|
(ii) Intangible Assets |
|
661.580 |
815.270 |
|
(iii) Capital
work-in-progress |
|
249.030 |
352.190 |
|
(iv) Intangible assets
under development |
|
201.210 |
244.230 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
257.320 |
257.470 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
3394.420 |
3595.790 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
863.290 |
850.570 |
|
(c) Trade receivables |
|
1078.790 |
1805.910 |
|
(d) Cash and cash
equivalents |
|
376.210 |
7.520 |
|
(e) Short-term loans and
advances |
|
788.820 |
541.850 |
|
(f) Other current assets |
|
61.710 |
43.330 |
|
Total Current Assets |
|
3168.820 |
3249.180 |
|
|
|
|
|
|
TOTAL |
|
6563.240 |
6844.970 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2830.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2830.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
726.439 |
|
|
2] Unsecured Loans |
|
|
777.407 |
|
|
TOTAL BORROWING |
|
|
1503.846 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4333.946 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2686.616 |
|
|
Capital work-in-progress |
|
|
323.717 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
724.347 |
|
|
Sundry Debtors |
|
|
724.938 |
|
|
Cash & Bank Balances |
|
|
5.847 |
|
|
Other Current Assets |
|
|
20.195 |
|
|
Loans & Advances |
|
|
597.299 |
|
Total
Current Assets |
|
|
2072.626 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1774.668 |
|
|
Other Current Liabilities |
|
|
375.966 |
|
|
Provisions |
|
|
64.594 |
|
Total
Current Liabilities |
|
|
2215.228 |
|
|
Net Current Assets |
|
|
(142.602) |
|
|
|
|
|
|
|
|
Profit loss debit balance |
|
|
1466.215 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4333.946 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10071.170 |
8230.080 |
6912.270 |
|
|
|
TOTAL |
10071.170 |
8230.080 |
6912.270 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
10934.600 |
(9184.550) |
7254.810 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(863.430) |
(954.470) |
(342.540) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT /
(LOSS) AFTER TAX |
(863.430) |
(954.470) |
(342.540) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(2420.680) |
(1466.210) |
(1123.680) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(3284.110) |
(2420.680) |
(1466.220) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
|
231.895 |
190.123 |
|
|
|
Service revenue |
|
972.620 |
577.357 |
|
|
TOTAL EARNINGS |
4052.390 |
1204.515 |
767.480 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
201.462 |
16.033 |
|
|
|
Component and Spar Parts |
|
2231.176 |
2081.371 |
|
|
|
Capital Goods including technical know how |
|
815.556 |
685.173 |
|
|
TOTAL IMPORTS |
NA |
3248.194 |
2782.577 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(1.89) |
(2.67) |
(1.21) |
|
%20PRIVATE%20LIMITED%20-%20282470%2001-Sep-2014_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
|
|
|
|
PAT / Total Income |
(%) |
(8.57) |
(11.60) |
(4.96) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(8.57) |
(11.60) |
(4.96) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(14.12) |
(15.28) |
(7.20) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.23) |
(0.45) |
(0.12) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.15 |
0.53 |
0.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
0.70 |
0.94 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.12.2011 |
31.12.2012 |
|
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
|
2830.100 |
4180.600 |
|
Reserves & Surplus |
|
(2420.470) |
(496.550) |
|
Net worth |
|
409.630 |
3684.050 |
|
|
|
|
|
|
long-term borrowings |
|
0.000 |
0.000 |
|
Short term borrowings |
|
1119.100 |
541.270 |
|
Total borrowings |
|
1119.100 |
541.270 |
|
Debt/Equity ratio |
|
2.732 |
0.147 |
%20PRIVATE%20LIMITED%20-%20282470%2001-Sep-2014_files/image005.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
6912.270 |
8230.080 |
10071.170 |
|
|
|
19.065 |
22.370 |
%20PRIVATE%20LIMITED%20-%20282470%2001-Sep-2014_files/image007.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
6912.270 |
8230.080 |
10071.170 |
|
Profit |
(342.540) |
(954.470) |
(863.430) |
|
|
(4.96%) |
(11.60%) |
(8.57%) |
%20PRIVATE%20LIMITED%20-%20282470%2001-Sep-2014_files/image009.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 |
No |
|
9] |
Name of
person contacted |
Yes |
|
10] |
Designation
of contact person |
Yes |
|
11] |
Turnover of
firm for last three years |
Yes |
|
12] |
Profitability
for last three years |
Yes |
|
13] |
Reasons for
variation <> 20% |
--------------------- |
|
14] |
Estimation
for coming financial year |
No |
|
15] |
Capital in
the business |
Yes |
|
16] |
Details of
sister concerns |
Yes |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
No |
|
19] |
Payments
terms |
No |
|
20] |
Export /
Import details (if applicable) |
No |
|
21] |
Market
information |
---------------------- |
|
22] |
Litigations
that the firm / promoter involved in |
---------------------- |
|
23] |
Banking
Details |
No |
|
24] |
Banking
facility details |
No |
|
25] |
Conduct of
the banking account |
---------------------- |
|
26] |
Buyer visit
details |
---------------------- |
|
27] |
Financials,
if provided |
Yes |
|
28] |
Incorporation
details, if applicable |
Yes |
|
29] |
Last accounts
filed at ROC |
Yes |
|
30] |
Major
Shareholders, if available |
Yes |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No
of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
VIEW INDEX OF
CHARGES: No Charges Exist
for Company
UNSECURED LOANS
|
PARTICULAR |
31.12.2012 (Rs.
in Millions) |
31.12.2011 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Term loans from banks |
0.000 |
86.910 |
|
Term loans from others |
541.270 |
1032.190 |
|
Total |
541.270 |
1119.100 |
FIXED ASSETS
· Land
· Buildings
· Office building
· Other building
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
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. 60.47 |
|
|
1 |
Rs. 100.35 |
|
Euro |
1 |
Rs. 79.86 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
29 |
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.