MIRA
INFORM REPORT
|
Report Date : |
17.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
KSH INTERNATIONAL PRIVATE LIMITED (w.e.f.04.07.1996) |
|
|
|
|
Formerly Known
As : |
BHANDARY METAL EXTRUSION PRIVATE LIMITED |
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Registered
Office : |
Gate No. 11/3, 11/4 and 11/5, Village Birdewadi, Chakan,
Taluka-Khed, Pune – 410501, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
30.07.1979 |
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Com. Reg. No.: |
11-141032 |
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Capital
Investment / Paid-up Capital : |
Rs. 9.565 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28129PN1979PTC141032 |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACB1897K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Copper and Aluminium Conductor. |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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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 a satisfactory track. Profitability of the company seems to be low during 2013. However, the rating takes into consideration its experienced
management team, reputed and diversified customer base. Trade relations are fair. Business is active. Payment terms are slow
but correct. The company can be considered normal doe business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the Companies
Act is the latest manifestation of a messy fight between a father and his
adopted son for the control of Rs 40000 mn business empire. The Central Bureau
of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as
bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term Bank facilities : BBB - |
|
Rating Explanation |
Have moderate degree of safety and carry moderate credit risk. |
|
Date |
08.08.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Anand Patil |
|
Designation : |
Senior Accountant |
|
Contact No.: |
91-22-27410367 |
|
Date : |
15.09.2014 |
LOCATIONS
|
Registered Office : |
Gat No. 11/3, 11/4 and 11/5, Village Birdewadi, Chakan, Taluka-Khed,
Pune – 410501, Maharashtra, India |
|
Tel. No.: |
91-22-27410367 / 27401425 |
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Fax No.: |
91-27412418 |
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E-Mail : |
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Website : |
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Head Office : |
Chakan - Ambethan Road, Chakan, Pune - 410501, Maharashtra, India |
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Tel. No.: |
91-2135-256410/ 256412 |
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Fax No.: |
91-2135-256411 |
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E-Mail : |
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Factory : |
J-25, M.I.D.C., Taloja, District Raigad - 410208, Maharashtra, India |
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Branch Office : |
5, Madhav Nagar, Bhavani Shankar Road, Dadar (West), Mumbai - 400028,
Maharashtra, India |
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Tel. No.: |
91-22-27410367/ 27401425 |
|
Fax No.: |
91-22-27412418 |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Kushal Subbayya Hegde |
|
Designation : |
Managing director |
|
Address : |
Buena Monte, NCL Co-operative, Housing
Society, Off Pashan Road, Pune-411008, Maharashtra, India |
|
Date of Birth/Age : |
07.11.1938 |
|
Date of Appointment : |
09.09.2010 |
|
PAN No.: |
AAEPH1412P |
|
Voter ID No.: |
SAO3590296 |
|
DIN No.: |
00135070 |
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|
|
|
Name : |
Mr. Rajesh Kushal Hegde |
|
Designation : |
Whole-time director |
|
Address : |
Buena Monte, NCL Co-operative Housing
Society, Off Pashan Road, Pune-411008, Maharashtra, India |
|
Date of Birth/Age : |
29.08.1970 |
|
Date of Appointment : |
01.09.1996 |
|
PAN No.: |
AALPH1682A |
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DIN No.: |
00114193 |
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|
|
|
Name : |
Mr. Rohit Kushal Hegde |
|
Designation : |
Whole-time director |
|
Address : |
Buena Monte, NCL Co-operative Housing
Society, Off Pashan Road, Pune-411008, Maharashtra, India |
|
Date of Birth/Age : |
09.08.1974 |
|
Date of Appointment : |
01.11.2000 |
|
PAN No.: |
AAEPH0614F |
|
Voter ID No.: |
MT/42/247/0054462 |
|
DIN No.: |
00134926 |
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|
|
|
Name : |
Mrs. Pushpa Kushal Hegde |
|
Designation : |
Whole-time director |
|
Address : |
Buena Monte, NCL Co-operative Housing
Society, Off Pashan Road, Pune-411008, Maharashtra, India |
|
Date of Birth/Age : |
10.10.1948 |
|
Date of Appointment : |
09.12.1983 |
|
PAN No.: |
AAOPH0045G |
|
Voter ID No.: |
SAO3590783 |
|
DIN No.: |
00137395 |
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|
|
|
Name : |
Mr. Sudhakar Venkat Rao |
|
Designation : |
Whole-time director |
|
Address : |
C 401, Willows, S. No. 13/1, Balewadi, Pune – 411045, Maharashtra,
India |
|
Date of Birth/Age : |
07.09.1949 |
|
Date of Appointment : |
29.09.2007 |
|
DIN No.: |
01627303 |
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|
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|
Name : |
Mr. Ganesh Prasad Bheemabhat |
|
Designation : |
Whole-time director |
|
Address : |
Elkaje House, H No 1-94, Netla Mudnur Village, Nerlakatte PO, Bantwal,
D.K. Nerlakatte-574253, Karnataka, India |
|
Date of Birth/Age : |
09.05.1967 |
|
Date of Appointment : |
10.08.2011 |
|
DIN No.: |
03274531 |
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|
|
|
Name : |
Mr. Ashok Shardaprasad Saxena |
|
Designation : |
Whole-time director |
|
Address : |
Flat No. 403, Building-C, Pride Panorama, Sr. No. 103, Bahiratwadi,
Shivajinagar, Pune – 411016, Maharashtra, India |
|
Date of Birth/Age : |
19.01.1951 |
|
Date of Appointment : |
21.08.2012 |
|
DIN No.: |
05185106 |
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|
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|
Name : |
Ms. Sangeeta Rai |
|
Designation : |
Director |
|
Address : |
8416 Halliford, TX CT Plano 75024 |
|
Date of Birth/Age : |
11.06.1968 |
|
Date of Appointment : |
12.09.2013 |
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DIN No.: |
03159740 |
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|
Name : |
Ms. Rakhi Girija Shetty |
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Designation : |
Director |
|
Address : |
Pusphakamal Apartment, H. no. 759/04, M.L. No. 3, Deccan Gymkhana
Cooperative Housing Society, Prabhat Road, Pune – 411004, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1973 |
|
Date of Appointment : |
12.09.2013 |
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PAN No.: |
AHYPS4790G |
|
DIN No.: |
03124510 |
KEY EXECUTIVES
|
Name : |
Mr. Anand Patil |
|
Designation : |
Senior Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Kushal Subbayya Hegde |
38795 |
40.56 |
|
Pushpa Kushal Hegde |
10099 |
10.56 |
|
Shubhkamal Leasing and Investment Private Limited, |
13496 |
14.11 |
|
Rajesh Kushal Hegde |
16630 |
17.39 |
|
Rohit Kushal Hegde |
16630 |
17.39 |
|
|
|
|
|
Total |
95650 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
14.11 |
|
Directors
or relatives of directors |
85.89 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Copper and Aluminium Conductor. |
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Products : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
UAE ·
Dubai |
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Imports : |
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Products : |
Insulating scrap paper |
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Countries : |
USA |
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Terms : |
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Selling : |
Cash and credit |
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Purchasing : |
Cash and credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
capacity per annum per shift |
Actual
production Qty. in MT |
|
Copper |
|
4360 |
|
|
Own Copper |
MT |
2802.749 |
142.296 |
|
Job Works |
MT |
5835.288 |
NA |
|
Total
(A) |
|
8638.037 |
142.296 |
|
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|
|
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|
Aluminium |
|
|
|
|
Own Aluminium |
MT |
0.558 |
1.714 |
|
Job Work |
MT |
14.308 |
0 |
|
Total
(B) |
|
14.866 |
1.714 |
Note:
No license is
required for the products which company is engaged in manufacturing. Installed
capacity is as certified by the management.
GENERAL INFORMATION
|
Customers : |
Wholesalers |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
· State Bank of India Industrial Finance Branch, 2nd Floor, Tara Chambers, Near Mariaai Policechowky, Old Pune Mumbai Road, Wakdewadi, Pune - 411003, Maharashtra, India Contact No.: 91-20-25812326 (Ringing) |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
A S Alva and Company Chartered Accountants |
|
Address : |
Flat 1-5, Himali Housing Society, Erandavane, Pune - 411004,
Maharashtra, India |
|
Tel. No.: |
91-20-25434527/ 25440143/ 25434752 |
|
Fax No.: |
91-20-25440143 |
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E-Mail : |
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PAN No.: |
ABYPA9734A |
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Subsidiary Company : |
· KSH Distriparks Private Limited [U60210PN2006PTC132062] KSH Infra Private Limited [U45200PN2011PTC140389] KSH Logistics Private Limited [U31101MH1995PTC088703] |
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Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
· KSH Distriparks Waterloo Motors Kushal Motors and Electricals Private Limited |
CAPITAL STRUCTURE
AFTER 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700,000 |
Equity Shares |
Rs. 100/- each |
Rs. 70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5963070 |
Equity Shares |
Rs. 100/- each |
Rs. 59.631
Millions |
|
|
|
|
|
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs. 100/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95,650 |
Equity Shares |
Rs. 100/- each |
Rs. 9.565
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 |
9.565 |
9.565 |
9.565 |
|
(b) Reserves & Surplus |
287.340 |
284.250 |
266.387 |
|
(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) |
296.905 |
293.815 |
275.952 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
59.906 |
100.994 |
142.854 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
59.906 |
100.994 |
142.854 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
390.794 |
178.341 |
186.471 |
|
(b) Trade payables |
73.069 |
44.600 |
100.386 |
|
(c) Other current
liabilities |
50.605 |
49.354 |
89.380 |
|
(d) Short-term provisions |
84.631 |
115.138 |
50.742 |
|
Total Current Liabilities (4) |
599.099 |
387.433 |
426.979 |
|
|
|
|
|
|
TOTAL |
955.910 |
782.242 |
845.785 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
203.494 |
243.246 |
253.750 |
|
(ii) Intangible Assets |
3.545 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.413 |
3.698 |
1.623 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
164.528 |
97.032 |
19.950 |
|
(c) Deferred tax assets (net) |
8.836 |
4.994 |
3.940 |
|
(d) Long-term Loan and Advances |
2.695 |
7.828 |
5.483 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
383.511 |
356.798 |
284.746 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
90.625 |
121.635 |
102.175 |
|
(c) Trade receivables |
389.438 |
171.110 |
298.418 |
|
(d) Cash and cash
equivalents |
10.238 |
13.632 |
11.856 |
|
(e) Short-term loans
and advances |
81.452 |
118.213 |
148.308 |
|
(f) Other current
assets |
0.646 |
0.854 |
0.282 |
|
Total Current Assets |
572.399 |
425.444 |
561.039 |
|
|
|
|
|
|
TOTAL |
955.910 |
782.242 |
845.785 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
2019.098 |
1549.592 |
1363.819 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
2014.650 |
1521.283 |
1259.878 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.448 |
28.309 |
103.941 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.358 |
10.446 |
35.539 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.090 |
17.863 |
68.402 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of Export |
974.990 |
886.267 |
707.324 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
32.31 |
186.75 |
715.13 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
2080.000 |
The above information has been parted by Mr. Anand Patil.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.15 |
1.15 |
5.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.57 |
4.18 |
12.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.10 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.52 |
0.95 |
1.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.96 |
1.10 |
1.31 |
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 |
9.565 |
9.565 |
9.565 |
|
Reserves & Surplus |
266.387 |
284.250 |
287.340 |
|
Net worth |
275.952 |
293.815 |
296.905 |
|
|
|
|
|
|
long-term borrowings |
142.854 |
100.994 |
59.906 |
|
Short term borrowings |
186.471 |
178.341 |
390.794 |
|
Total borrowings |
329.325 |
279.335 |
450.700 |
|
Debt/Equity ratio |
1.193 |
0.951 |
1.518 |
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 |
1363.819 |
1549.592 |
2019.098 |
|
|
|
13.622 |
30.299 |
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 |
1363.819 |
1549.592 |
2019.098 |
|
Profit |
68.402 |
17.863 |
3.090 |
|
|
5.02% |
1.15% |
0.15% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
Current maturities of long term debt: |
40.500 |
39.300 |
25.500 |
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
REVIEW OF OPERATIONS:
During the year,
the Company has earned of Rs. 2019.098 Millions from Rs. 1549.592 Millions. The
net profit for the year has been Rs. 3.090 Millions as against Rs. 17.863 Millions
during the previous financial year. The reason behind declined net profit is
due to steady decline in operating profitability amongst intensifying
competition in CTC and PICC segment from other manufacturers. Also the change
in business mix has necessitated additional working capital requirement and
hence higher debt level.
The Directors are continuously looking for avenues for growth of the
company.
REVIEW OF BUSINESS:
During the year
the demand for the Company’s products continued to be further depressed.
However they could maintain the total quantity at the same level as in the
previous year, as the demand for their conductors for 765 kv transformers
picked up. They could supply about 1100 tonnes which constituted about 15% of
their total sales. The LME prices of copper continued an upward trend,
resulting in a higher Turnover. The share of their exports rose from 26% in the
previous year to 29% in the year.
The Company was
re-audited for their capability to manufacture conductors for Transformers with
rating 765 kv by M/s Power Grid Corporation and their approval is extended and
as a result they have been able to add some new customers to their list.
The depression in
demand for Power transformers in the lower capacity range restricted their
total sales to the same level as in the previous year. However with additional
thrust on exports and continued demand for conductors in 765 kv Transformers
they expect the quantities to increase by about 10 to 15% in the current year.
PLANS AND PROSPECTS
In the long run,
the prospects in the Electrical Industry continue to be good, both, in the
Domestic as well as in the Export sectors. In the domestic sector the shift to
higher voltage Transformers in being seen in recent times. This is a positive
development for as the numbers of Conductor manufacturers who have been
approved in this range are limited.
They have been
able to develop some special conductors for application in the higher voltage range
of Transformers. This has helped us add to their value addition. They see good
prospects in this range of products, as till date, they do not have any
competition in the domestic market. The demand for these products is growing
and they see a major advantage for the Company.
The overall
situation at present appears to be uncertain, considering the economic
situation the world over, and especially in India as this is the Election Year.
The hopes, however are that this situation will come to an end, and they will
bounce back very soon.
UNSECURED LOANS
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Other loans and advances |
30.000 |
0.000 |
|
|
|
|
|
Total |
30.000 |
0.000 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10518237 |
09/08/2014 |
4,035,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE
SENAPATI BAPAT MARG, LOWER PAREL |
C19312677 |
|
2 |
10517577 |
04/08/2014 |
1,366,000.00 |
TOYOTA FINANCIAL SERVICES INDIA LIMITED |
NO. 21 CENTROPOLIS,
FIRST FLOOR,, 5TH CROSS LANGF |
C18890863 |
|
3 |
10503059 |
19/05/2014 |
1,770,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
C06680508 |
|
4 |
10502587 |
17/05/2014 |
126,375,000.00 |
THE COSMOS COOPERATIVE BANK LIMITED |
269/270, DEVI HEIGHTS, SHANIVAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
C06410633 |
|
5 |
10485412 |
20/03/2014 |
50,000,000.00 |
CITIBANK N. A. |
FIRST INTERNATIONAL
FINANCIAL CENTRE, 9TH FLOOR,, |
C00660027 |
|
6 |
90243850 |
28/03/2013 * |
486,500,000.00 |
STATE BANK OF INDIA INDUSTRIAL FINANCE BRANCH |
2ND FLOOR, TARA CHAMBERS,NEAR MARIAAI POLICECHOWKY, OLD PUNE MUMBAI ROAD, WAKDEWADI, PUNE - 411003, MAHARASHTRA, INDIA |
B71922702 |
|
7 |
90232316 |
10/10/2005 * |
166,500,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, DADAR EAST, MUMBAI - 400014, MAHARASHTRA, INDIA |
- |
|
8 |
90219838 |
03/09/2004 * |
10,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, DADAR, MUMBAI, MAHARASHTRA, INDIA |
- |
|
9 |
90219824 |
03/09/2004 * |
7,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MUMBAI, MAHARASHTRA, INDIA |
- |
|
10 |
90219760 |
16/08/2000 * |
3,750,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MUMBAI, MAHARASHTRA, INDIA |
- |
FIXED ASSETS:
· Land
Buildings
Plant
and equipment
Furniture
and fixtures
Vehicles
Office
equipment
Computer
Equipments
Other
Equipments
Leasehold
improvements
Computer
software
Copyrights
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 judgment 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.61.10 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.79.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JAY |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial condition
(40%) Ownership background
(20%) Payment record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely
sound financial base with the strongest capability for timely payment of
interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate
working capital. No caution needed for credit transaction. It has above
average (strong) capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly
Large |
|
41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome
financial difficulties seems comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are
apparent. Repayment of interest and principal sums in default or expected to
be in default upon maturity |
Limited
with full security |
|
<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit
not recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.