MIRA
INFORM REPORT
|
Report Date : |
05.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
MINDARIKA PRIVATE LIMITED |
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Registered
Office : |
B 64/1, Wazirpur Industrial Area, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
09.11.1995 |
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Com. Reg. No.: |
55-073692 |
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Capital Investment
/ Paid-up Capital : |
Rs.100.000 Millions |
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CIN No.: [Company Identification
No.] |
U74899DL1995PTC073692 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELM08065B |
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PAN No.: [Permanent Account No.] |
AAACM8583F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacture auto electrical switches, dies, fixtures, tools and other automotive components. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There seems some dip in the profit of the company during 2013 however net
worth of the company is satisfactory. General financial position of the
company is normal and acceptable business dealing. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but 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.
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. Sanjay Aggarwal |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-11-27374882 |
|
Date : |
03.09.2014 |
LOCATIONS
|
Registered Office : |
B 64/1, Wazirpur Industrial Area, New Delhi – 110052, India |
|
Tel. No.: |
91-11-27374882 |
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Fax No.: |
91-11-27372620 |
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E-Mail : |
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|
Website : |
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Factory 1 : |
T 169, MIDC, Bhosari Industrial Area, Pune – 411026, Maharashtra, India
|
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Tel. No.: |
91-20-27122660 |
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Fax No.: |
91-20-27122660 |
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Factory 2 : |
Village Nawada, Fatehpur P O, Sikaderpur Badda, India |
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Tel. No.: |
91-124-2290317/2290319 |
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Fax No.: |
91-124-2290320 |
DIRECTORS
As on 15.07.2013
|
Name : |
Mr. Nirmal Kumar Minda |
|
Designation : |
Managing Director |
|
Address : |
J – 10/32-33, DLF Phase – II, Gurgaon – 122002, Haryana, India |
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Date of Birth/Age : |
17.11.1957 |
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Date of Appointment : |
09.11.1995 |
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DIN No.: |
00014942 |
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Name : |
Mr. Anand Kumar Minda |
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Designation : |
Director |
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Address : |
N – 2/31, DLF Phase – II, Gurgaon – 122001, Haryana, India |
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Date of Birth/Age : |
06.04.1952 |
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Date of Appointment : |
01.01.2003 |
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DIN No.: |
00007964 |
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|
Name : |
Mr. Katsushi Kondo |
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Designation : |
Director |
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Address : |
A-061, Westend Heights, DLF Phase - V Gurgaon – 122009, Haryana, India |
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Date of Birth/Age : |
22.01.1958 |
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Date of Appointment : |
28.09.2011 |
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DIN No.: |
03476581 |
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Name : |
Isaki Sugiura |
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Designation : |
Additional Director |
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Address : |
1-1-10 Wakamatsu Higashi Okazaki, Aichi 4440822 |
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Date of Birth/Age : |
02.06.1961 |
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Date of Appointment : |
15.07.2013 |
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DIN No.: |
06631789 |
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Name : |
Mr. Jaikumar Menon |
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Designation : |
Director |
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Address : |
805, Ivory Towers South City, Gurgaon - 122001, Haryana, India |
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Date of Birth/Age : |
30.04.1960 |
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Date of Appointment : |
15.07.2013 |
|
DIN No.: |
00292236 |
KEY EXECUTIVES
|
Name : |
Mr. Brijesh Kumar Saini |
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Designation : |
Company Secretary |
|
Address : |
WZ – 79, Hari Singh Park, Multan Nagar, New Delhi – 110056, India |
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Date of Birth/Age : |
03.07.1971 |
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Date of Appointment : |
22.06.1998 |
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PAN : |
ATVPS0851M |
MAJOR SHAREHOLDERS
As on 15.07.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Nirmal K. Minda |
3292400 |
32.92 |
|
Tokai Rika Company Limited, Japan |
3700000 |
37.00 |
|
Minda Investments Limited, India |
300000 |
3.00 |
|
Minda Industries Limited, India |
2707600 |
27.08 |
|
Total |
10000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 15.07.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
37.00 |
|
Bodies corporate |
30.08 |
|
Directors or relatives of Directors |
32.92 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture auto electrical switches, dies, fixtures, tools and other automotive components. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
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Bankers : |
· Bank of Tokyo Mitsubishi Limited, Jeevan Vihar,3,Parliament Street, Delhi - 110001, India · Mizuho Corporate Bank Limited, 4th Floor, East Tower, Sood Tower, 25 Barakhamba Road, Cannaught Palace, New Delhi - 110001, India · HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India · Standard Chartered Bank, Credit Risk Control, Narain Manzil, 23 Barakhamba Road, New Delhi - 110001, India · Mizuho Bank Limited, DLF- Capital Point, 1st Floor, New Delhi - 110001, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
7th Floor, Building No.10, Tower – B, DLF Cyber City
Complex, DLF City, Phase – II, Gurgaon – 122002, Haryana, India |
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PAN No.: |
AABFD2095B |
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Enterprises having
substantial interest in the Company : |
· Tokai Rika Company Limited, Japan · Tokai Rika Company Limited, Philippines · Tokai Rika (Thailand) Company Limited · Tokai Rika Minda India Private Limited · TRB Limited, UK · TRB Limited, Turkey |
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Enterprises in
which directors/members of the Company can exercise significant influence : |
· Minda Industries Limited · Minda Corporation Limited · Minda Investments Limited · MI Torica India Limited · Minda Kyoraku Limited · Minda EMER Technologies Limited · Shankar Moulding Limited · Minda Valeo Security Systems Private Limited · Minda Autocare Limited · Minda Distribution and Services Limited · Toyoda Gosei Minda India Private Limited · Minda Automotive Solution Limited · Minda Autogas Limited · ASM Exim Limited · Minda Projects Limited · Minda Acoustic Limited |
CAPITAL STRUCTURE
As on 15.07.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each
|
Rs.150.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each
|
Rs.100.000
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 |
100.000 |
100.000 |
100.000 |
|
(b) Reserves & Surplus |
389.098 |
365.543 |
324.522 |
|
(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) |
489.098 |
465.543 |
424.522 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
122.506 |
174.422 |
120.273 |
|
(b) Deferred tax liabilities (Net) |
42.953 |
37.991 |
28.609 |
|
(c) Other long term liabilities |
28.826 |
16.757 |
14.859 |
|
(d) long-term provisions |
28.842 |
10.283 |
13.174 |
|
Total Non-current Liabilities (3) |
223.127 |
239.453 |
176.915 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
329.966 |
231.537 |
195.855 |
|
(b) Trade payables |
617.988 |
610.559 |
384.501 |
|
(c) Other current
liabilities |
162.373 |
187.993 |
210.971 |
|
(d) Short-term provisions |
43.158 |
48.856 |
50.002 |
|
Total Current Liabilities (4) |
1,153.485 |
1,078.945 |
841.329 |
|
|
|
|
|
|
TOTAL |
1,865.710 |
1,783.941 |
1,442.766 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
742.290 |
715.282 |
440.360 |
|
(ii) Intangible Assets |
26.807 |
36.466 |
40.343 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
88.545 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
26.320 |
37.016 |
45.833 |
|
(e) Other Non-current assets |
20.496 |
20.018 |
0.000 |
|
Total Non-Current Assets |
815.913 |
808.782 |
615.081 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
489.928 |
426.051 |
359.327 |
|
(c) Trade receivables |
402.214 |
391.147 |
299.078 |
|
(d) Cash and cash
equivalents |
18.553 |
22.249 |
49.686 |
|
(e) Short-term loans and
advances |
115.535 |
130.032 |
119.520 |
|
(f) Other current assets |
21.567 |
5.680 |
0.074 |
|
Total Current Assets |
1,047.797 |
975.159 |
827.685 |
|
|
|
|
|
|
TOTAL |
1,863.710 |
1,783.941 |
1,442.766 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
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||
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|
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Income |
3898.080 |
3202.690 |
2788.280 |
|
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
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|
|
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||
|
|
EXPENSES |
NA |
NA |
NA |
||
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|
|
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||
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|
PROFIT/(LOSS)
BEFORE TAX |
73.130 |
77.970 |
240.310 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
32.030 |
19.520 |
82.520 |
||
|
|
|
|
|
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||
|
|
PROFIT/(LOSS)
AFTER TAX |
41.100 |
58.450 |
157.790 |
||
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|
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||
|
|
EARNINGS IN
FOREIGN CURRENCY |
700.450 |
754.920 |
683.240 |
||
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||
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IMPORTS |
|
|
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||
|
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Raw Materials |
12140.230 |
9540.350 |
6711.110 |
|
|
|
|
Capital Goods |
256.410 |
568.910 |
30.330 |
|
|
|
|
Others |
46.510 |
77.600 |
619.480 |
|
|
|
TOTAL IMPORTS |
12443.150 |
10186.860 |
7360.920 |
||
|
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|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
4.11 |
NA |
NA |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
1.88 |
2.43 |
8.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.92 |
4.37 |
17.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.17 |
0.57 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.93 |
0.87 |
0.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.91 |
0.90 |
0.98 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
100.000 |
100.000 |
100.000 |
|
Reserves & Surplus |
324.522 |
365.543 |
389.098 |
|
Net
worth |
424.522 |
465.543 |
489.098 |
|
|
|
|
|
|
long-term borrowings |
120.273 |
174.422 |
122.506 |
|
Short term borrowings |
195.855 |
231.537 |
329.966 |
|
Total
borrowings |
316.128 |
405.959 |
452.472 |
|
Debt/Equity
ratio |
0.745 |
0.872 |
0.925 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
2,788.280 |
3,202.690 |
3,898.080 |
|
|
|
14.863 |
21.713 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
2,788.280 |
3,202.690 |
3,898.080 |
|
Profit |
157.790 |
58.450 |
41.100 |
|
|
5.66% |
1.83% |
1.05% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long term debt |
65.723 |
63.751 |
18.682 |
|
Total |
65.723 |
63.751 |
18.682 |
|
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 |
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 |
No |
GENERAL INFORMATION
The Company, was incorporated on November 9, 1995 to manufacture auto electrical switches, dies, fixtures, tools and other automotive components.
The accompanying financial statements reflect the results of the activities undertaken by the Company during the year ended March 31, 2013.
PERFORMANCE
During the year the company has achieved net sales of Rs.3898.080 Millions (previous year Rs.3202.690 Millions), recording a growth of 22 percent over the last year. The profit after tax for the financial year ended on March 31, 2013 is Rs.41.100 Millions (previous year Rs.58.450 Millions).
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10424892 |
18/03/2013 |
2,250,000.00 |
Volkswagen India Private Limited |
E -1, MIDC Industrial Area Phase Iii, Village Nigoje Mhalunge Kharabwadi Chakan Tal Khed, Pune, Maharashtra - 410501, India |
B74843210 |
|
2 |
10424889 |
18/03/2013 |
4,550,000.00 |
Volkswagen India Private Limited |
E -1, Midc Industrial Area Phase Iii, Village Nigoje Mhalunge Kharabwadi Chakan Tal Khed, Pune, Maharashtra - 410501, India |
B74843848 |
|
3 |
10409502 |
28/02/2013 |
50,000,000.00 |
The Hongkong and Shanghai Banking Corporation Limited |
Birla Towers, 25, Barakhamba Road,, New Delhi, Delhi - 110001, INDIA |
B69974004 |
|
4 |
10383134 |
04/09/2012 |
20,000,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B60762242 |
|
5 |
10305640 |
02/09/2011 |
50,000,000.00 |
Standard Chartered Bank |
Credit Risk Control, Narain Manzil, 23 Barakhamba Road, Delhi - 110001, India |
B20251542 |
|
6 |
10271174 |
01/09/2011 * |
184,000,000.00 |
standard chartered bank (acting as an security agent) |
Credit Risk Control, Narain Manzil, 23 Barakhamba Road, Delhi - 110001, India |
B19950245 |
|
7 |
10250977 |
28/10/2010 |
4,646,400.00 |
Volkswagen India Private Limited |
E -1, Midc Industrial Area Phase Iii, Village Nigoje Mhalunge Kharabwadi Chakan Tal Khed, Pune, Maharashtra - 410501, India |
A99029928 |
|
8 |
10247378 |
16/10/2010 |
900,000.00 |
Volkswagen India Private Limited |
E -1, Midc Industrial Area Phase Iii, Village Nigoje Mhalunge Kharabwadi Chakan Tal Khed, Pune, Maharashtra - 410501, India |
A97269849 |
|
9 |
10241301 |
03/09/2010 |
9,540,000.00 |
MARUTI SUZUKI INDIA LIMITED |
Plot No.1,Nelson
Mandela Road, Vasant Kunj, New D |
A95282141 |
|
10 |
10246894 |
03/09/2010 |
12,800,000.00 |
MARUTI SUZUKI INDIA LIMITED |
Plot No.1,Nelson Mandela Road, Vasant Kunj, New Delhi, Delhi - 110070, INDIA |
A97089650 |
|
11 |
10226144 |
15/06/2010 |
3,750,000.00 |
Volkswagen India Private Limited |
E -1, Midc Industrial Area Phase Iii, Village Nigoje Mhalunge Kharabwadi Chakan Tal Khed, Pune, Maharashtra - 410501, India |
A88352133 |
|
12 |
10190849 |
21/12/2009 |
11,220,000.00 |
Volkswagen India Private Limited |
E -1, Midc Industrial Area Phase Iii, Village Nigoje Mhalunge Kharabwadi Chakan Tal Khed, Pune, Maharashtra - 410501, India |
A75306472 |
|
13 |
10170838 |
24/09/2008 |
70,000,000.00 |
Mizuho Corporate Bank Limited |
4th Floor, East
Tower, Sood Tower, 25, Barakhamba |
A53706875 |
|
14 |
10119895 |
28/08/2008 |
3,150,000.00 |
Maruti Suzuki India Limited |
11 Th Floor Jeevan Prakash 25 Kasturba, Gandhi Marg, Delhi - 110001, India |
A44836146 |
|
15 |
10020301 |
14/03/2014 * |
105,000,000.00 |
Mizuho Bank Limited |
Dlf- Capital Point, 1st Floor, Baba Kharag Singh Marg, New Delhi, Delhi - 110001, India |
C05664180 |
|
16 |
10015232 |
10/05/2006 |
3,500,000.00 |
Mizuho Corporate Bank Limited |
Mumbai Branch,1/F Maker Chamber-III,Nariman Point, Mumbai, Maharashtra - 400021, India |
A01071190 |
|
17 |
90044411 |
18/10/2004 |
2,000,000.00 |
Mizuho Corporate Bank Limited |
Mumbai Branch,1/F Maker Chamber-III,Nariman Point, Mumbai, Maharashtra - 400021, India |
- |
|
18 |
80019050 |
25/07/2005 * |
135,000,000.00 |
Mizuho Corporate Bank Limited |
Mumbai Branch,1/F Maker Chamber-III,Nariman Point, Mumbai, Maharashtra - 400021, India |
- |
|
19 |
80019044 |
05/11/2002 |
500,000.00 |
Ford India Limited |
S. P. Koil, Chengleput, Kancheepuram, Tamil Nadu - 603204, India |
- |
|
20 |
80019046 |
05/11/2002 |
500,000.00 |
Ford India Limited |
Chengleput , Kancheepuram District, Tamil Nadu - 603204, India |
- |
|
21 |
90043587 |
05/11/2002 |
1,800,000.00 |
Ford India Limited |
S. P. Koil, Chengleput, Kancheepuram, Tamil Nadu - 603204, India |
- |
|
22 |
80019054 |
12/03/1999 |
3,635,356.00 |
MARUTI UDYOG LIMITED |
Palam Gurgaon Road , Gurgaon, Gurgaon, Haryana - 122001, India |
- |
|
23 |
90041677 |
24/01/2013 * |
70,000,000.00 |
The Bank of Tokyo - Mitsubishi UFJ Limited |
Jeevan Vihar Building, 3, Parliament Street, New Delhi, Delhi - 110001, India |
B67990523 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.60.45 |
|
|
1 |
Rs.99.46 |
|
Euro |
1 |
Rs.79.49 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
42 |
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.