MIRA
INFORM REPORT
|
Report Date : |
10.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
MOSDORFER INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office : |
403C, Wing B1, Marathon Innova, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
02.03.2007 |
|
|
|
|
Com. Reg. No.: |
11-168305 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.24.000 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74999MH2007PTC168305 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMM31481C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of Hardware, Fittings, Accessories of Insulators,
Conductors, Earth Wire and OPW required in Power Transmission Lines. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 120000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The company possesses a weak financial profile marked by high gearing
and low profit margin during FY13. However, trade relations seems to be fair. Business is active. Payment
terms are reported as slow. In view of deterioration in liquidity position, the company can be
considered for business dealings with great 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 : |
Ms. Varsha |
|
Designation : |
Finance Controller |
|
Contact No.: |
91-22-24926393 |
|
Date : |
04.09.2014 |
LOCATIONS
|
Registered Office : |
403C, Wing B1, Marathon Innova, |
|
Tel. No.: |
91-22-24926395 / 93 / 94 |
|
Fax No.: |
91-22-24374287 / 24953082 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
No. 193/194, Village Gonde, MISC, Nashik, |
|
Location : |
Owned |
DIRECTORS
AS ON 30.07.2013
|
Name : |
Mr. Pradeep Brijlal Saigal |
|
Designation : |
Chairman Cum Managing Director |
|
Address : |
B-101, 10th Floor, Bay View, Tanna Residency, Prabhadevi,
Mumbai – 400 025, |
|
Date of Birth/Age : |
22.04.1959 |
|
Date of Appointment : |
02.03.2007 |
|
DIN No.: |
00266466 |
Other Directorship
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74140MH1990PTC057046 |
PRANSA
INTERNATIONAL PRIVATE LIMITED |
Director |
27/06/1990 |
27/06/1990 |
- |
Active |
NO |
|
2 |
U67120MH1991PTC062686 |
KASHISH HOLDINGS
PVT LTD |
Director |
26/07/1991 |
26/07/1991 |
- |
Active |
NO |
|
3 |
U24110MH1994PTC077403 |
NAPHTHALO ORGANICS
LTD. |
Director |
29/03/1994 |
29/03/1994 |
- |
Strike off |
NO |
|
4 |
U26920MH1994PTC080200 |
XICON
ENGINEERING SERVICES PRIVATE LIMITED |
Director |
09/08/1994 |
09/08/1994 |
- |
Active |
NO |
|
5 |
U65920MH1994PTC080771 |
PRANSA FINANCIAL
CONSULTANTS PRIVATE LIMITED |
Director |
02/09/1994 |
02/09/1994 |
- |
Active |
NO |
|
6 |
U65990MH1995PTC091017 |
FINANZ HOLDINGS
PRIVATE LIMITED |
Director |
26/07/1995 |
26/07/1995 |
- |
Active |
NO |
|
7 |
U67120MH1994PTC076393 |
PHILTRE INVESTMENT
AND FINANCE P LTD |
Director |
30/09/2003 |
30/09/2003 |
- |
Active |
NO |
|
8 |
U74999MH2007PTC168305 |
MOSDORFER INDIA
PRIVATE LIMITED |
Director |
02/03/2007 |
02/03/2007 |
- |
Active |
NO |
|
9 |
U74900MH2008PTC185066 |
Palladio Pransa Consultancy
Services Private Limited |
Director |
24/07/2008 |
24/07/2008 |
- |
Active |
NO |
|
10 |
U63011MH2008PTC186607 |
MAXIMA LOGISTICS
& MANAGEMENT SERVICES PRIVATE LIMITED |
Director |
10/09/2008 |
10/09/2008 |
- |
Active |
NO |
|
11 |
U74990PN2009PTC151274 |
KINETIC
FGTECNOPOLO ENGINEERING SERVICES PRIVATE LIMITED |
Director |
20/08/2009 |
20/08/2009 |
17/12/2010 |
Active |
NO |
|
12 |
U93090MH2012PTC226569 |
Jaguar
Communication Consultancy Services Private Limited |
Director |
30/07/2013 |
05/03/2012 |
- |
Active |
NO |
|
13 |
U74999MH2012PTC232292 |
LAPP INSULATORS
INDIA PRIVATE LIMITED |
Director |
16/06/2012 |
16/06/2012 |
- |
Active |
NO |
|
14 |
U45200MH1980PLC022166 |
TANNA BUILDERS
LIMITED |
Additional
director |
18/10/2013 |
18/10/2013 |
14/12/2013 |
Active |
NO |
|
15 |
U31300MH1973PTC016713 |
ASSOCIATED
CABLES PRIVATE LIMITED |
Nominee director |
18/03/2014 |
18/03/2014 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Erich Kaltmann |
|
Designation : |
Director |
|
Address : |
Weizbachweg 40 F 18, Andritz, |
|
Date of Birth/Age : |
08.09.1969 |
|
Date of Appointment : |
02.03.2007 |
|
DIN No.: |
00404926 |
|
|
|
|
Name : |
Mr. Guntram Wilhelm Haas |
|
Designation : |
Director |
|
Address : |
Janneckweg 10, St. Peter, |
|
Date of Birth/Age : |
29.07.1967 |
|
Date of Appointment : |
02.03.2007 |
|
DIN No.: |
00401004 |
|
|
|
|
Name : |
Mr. Christian Knill |
|
Designation : |
Director |
|
Address : |
Eisengasse 24A, |
|
Date of Birth/Age : |
24.01.1970 |
|
Date of Appointment : |
29.07.2011 |
|
DIN No.: |
03605708 |
KEY EXECUTIVES
|
Name : |
Ms. Varsha |
|
Designation : |
Finance Controller |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.07.2013
|
Names of Shareholders |
|
No. of Shares |
|
Pransa International Private Limited, |
|
312 |
|
Mosdorfer |
|
1776 |
|
Xicon Engineering Services Private Limited, India |
|
312 |
|
Total |
|
2400 |
AS ON 30.07.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
74.00 |
|
Bodies corporate (not mentioned above) |
|
26.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Hardware, Fittings, Accessories of Insulators,
Conductors, Earth Wire and OPW required in Power Transmission Lines. |
PRODUCTION STATUS (As on 31.03.2011)
Licensed Capacity for Spacer Damper Assembly *
- NA
Installed Capacity - 500000
Quantity manufactured during the year – 116963
* Based on single shift operation as certified by the management
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|
|
|
|
Bankers : |
Corporation Bank, BG-1, Delphi, Orhard Avenue, Hiranandani Business
Park, Powai Branch, Mumbai – 400 076, Maharashtra, India |
|
|
|
|
Facilities : |
--- |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Manek and Associates Chartered Accountants |
|
Address : |
3, Shanti Kunj, 17th |
|
Tel. No.: |
91-22-26185110 / 26185137 |
|
Fax No.: |
91-22-26184912 |
|
E-Mail : |
|
|
PAN No.: |
AAHPM4874F |
|
|
|
|
Holding Company : |
Mosdorfer |
|
|
|
|
Controlling Company [Shareholders with more than 10% interest]: |
·
Mosdorfer GmbH, Austria ·
Pransa Enterprises – A partnership Firm ·
Pransa International Private Limited ·
Xicon Engineering Private Limited |
|
|
|
|
Other Related Parties : |
·
Damp SRL ·
Mosdorfer MRP Thailand ·
Finanz Holding Private Limited ·
ML Production S.R.O. |
|
|
|
|
Related parties where common control exists : |
·
Kashish Holding Private Limited ·
Quark Technoserve India Private Limited ·
Pransa Advisory Services ·
Philtre Investment and Financement Private
Limited ·
Palladio Pransa and partners Financial Services
Private Limited ·
Pransa Financial Consultants Private Limited ·
Maxima Logistics Management Services Private
Limited ·
Mosdorfer NA Inc ·
EA Elektroarmaturen AG ·
ELSTA Mosdorfer GmbH ·
ELSTA Mosdorfer Bosnia d.o.o. ·
TEP ELSTA d.o.o. ·
Gohre GmbH ·
Mosdorfer CCL Systems Limited ·
IKEBANA Engineering Limited ·
Lorusner Austria GmbH |
CAPITAL STRUCTURE
AS ON 30.07.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2500 |
Equity Shares |
Rs.10000/- each |
Rs.25.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2400 |
Equity Shares |
Rs.10000/-
each |
Rs.24.000
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 |
24.000 |
24.000 |
24.000 |
|
(b) Reserves & Surplus |
4.305 |
-1.138 |
-20.572 |
|
(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) |
28.305 |
22.862 |
3.428 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
237.366 |
177.366 |
47.366 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.841 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
238.207 |
177.366 |
47.366 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
161.655 |
80.803 |
19.420 |
|
(c) Other current liabilities |
76.646 |
8.923 |
3.624 |
|
(d) Short-term provisions |
2.763 |
3.040 |
0.000 |
|
Total
Current Liabilities (4) |
241.064 |
92.766 |
23.044 |
|
|
|
|
|
|
TOTAL |
507.576 |
292.994 |
73.838 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
45.396 |
36.815 |
14.169 |
|
(ii) Intangible Assets |
0.077 |
0.083 |
0.018 |
|
(iii) Capital work-in-progress |
14.742 |
0.000 |
0.105 |
|
(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 |
5.480 |
4.774 |
9.137 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
65.695 |
41.672 |
23.429 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
121.565 |
86.816 |
20.485 |
|
(c) Trade receivables |
283.008 |
148.703 |
18.102 |
|
(d) Cash and cash equivalents |
34.081 |
5.876 |
9.546 |
|
(e) Short-term loans and
advances |
2.963 |
8.818 |
0.211 |
|
(f) Other current assets |
0.264 |
1.109 |
2.065 |
|
Total
Current Assets |
441.881 |
251.322 |
50.409 |
|
|
|
|
|
|
TOTAL |
507.576 |
292.994 |
73.838 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
|
227.111 |
133.778 |
|
|
Other Income |
|
6.128 |
0.290 |
|
|
TOTAL
|
707.850 |
233.239 |
134.068 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
131.293 |
107.277 |
|
|
Purchases of Stock-in-Trade |
|
0.000 |
2.015 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
5.821 |
-1.224 |
|
|
Employees benefits expense |
|
12.283 |
8.759 |
|
|
other expenditure |
|
49.374 |
16.964 |
|
|
TOTAL |
697.391 Including
Financial and Depreciation Expenses] |
198.771 |
133.791 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
|
34.468 |
0.277 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
6.217 |
7.831 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
28.251 |
(7.554) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
5.718 |
5.471 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
10.459 |
22.533 |
(13.025) |
|
|
|
|
|
|
|
Less |
TAX |
5.016 |
3.100 |
0.066 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
5.443 |
19.433 |
(13.091) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
|
|
|
|
Basic
|
2,268.000 |
8,097.000 |
(5,455.000) |
|
|
Diluted
|
2,268.000 |
6,597.000 |
(2,917.000) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.77 |
8.33 |
(9.76) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
9.92 |
-9.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.12 |
7.69 |
-17.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37 |
0.99 |
-3.80 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
8.39 |
7.76 |
13.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.83 |
2.71 |
2.19 |
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 |
24.000 |
24.000 |
24.000 |
|
Reserves & Surplus |
(20.572) |
(1.138) |
4.305 |
|
Net
worth |
3.428 |
22.862 |
28.305 |
|
|
|
|
|
|
long-term borrowings |
47.366 |
177.366 |
237.366 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
47.366 |
177.366 |
237.366 |
|
Debt/Equity
ratio |
13.817 |
7.758 |
8.386 |
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) |
|
Total Income |
134.068 |
233.239 |
707.850 |
|
|
|
73.971 |
203.487 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
134.068 |
233.239 |
707.850 |
|
Profit/loss After tax |
(13.091) |
19.433 |
5.443 |
|
|
(9.76%) |
8.33% |
0.77% |
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 |
Yes |
|
24] |
Banking
facility details |
|
|
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 |
NOTE
The Registered Office of the company has been shifted from B-14, Mamta, A.
M. Marg, Prabhadevi, Mumbai – 400 025,
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10153620 |
28/03/2009 |
1,050,000.00 |
CORPORATION BANK |
BG-1,DELPHI,ORHARD
AVENUE,HIRANANDANI BUSINESSPARK , POWAI BRANCH, MUMBAI, Maharashtra -
400076, INDIA |
A60468329 |
UNSECURED LOANS
|
Particulars |
As
on 31.03.2013 Rs.
in millions |
As
on 31.03.2012 Rs.
in millions |
|
Long-term borrowings |
|
|
|
Loans from Bonds and Debentures |
237.366 |
177.366 |
|
Total |
237.366 |
177.366 |
FIXED ASSETS
·
·
Furniture
·
Plant and Machinery
·
Air Conditioner
·
Computers and Computer
Software
·
Car
·
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 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.60.43 |
|
|
1 |
Rs.97.25 |
|
Euro |
1 |
Rs.77.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
3 |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.