MIRA INFORM REPORT
|
Report No. : |
316131 |
|
Report Date : |
07.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
CALSONIC KANSEI MOTHERSON AUTO PRODUCTS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
CALSONIC KANSEI MOTHERSON AUTO PRODUCTS LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, F-7, Block B-1, Mohan Cooperative Industrial
Estate, Mathura Road, Delhi – 110044 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
28.09.2007 |
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|
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Com. Reg. No.: |
55-168779 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 631.242 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34102DL2007PTC168779 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELC09884A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCC1932F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Manufacturer of Heating Ventilation, Air Conditioning
(HVAC) and Compressor. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2360000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a joint venture between Motherson Sumi Systems Limited and
Calsonic Kansei Corp, Japan. It is an established company having moderate track record. The company has incurred a loss from its operations during 2014.
Reserves of the company also seems to be low. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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. Chattar Singh |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-120-6679500 |
|
Date : |
06.04.2015 |
LOCATIONS
|
Registered Office : |
2nd Floor, F-7, Block B-1, Mohan Cooperative Industrial
Estate, Mathura Road, Delhi – 110044, India |
|
Tel. No.: |
91-11-40555940 |
|
Fax No.: |
91-11-40555940 |
|
E-Mail : |
|
|
Website : |
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|
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|
Headquarter : |
Plot No.1, Sector-127 Noida-Greater Noida, Expressway,
Noida – 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-6679500 |
|
Fax No.: |
91-120-6679270 |
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|
|
|
Bawal Plant/ Corporate Office : |
Plot No. 17, Sector 5, IMT Bawal, Gurgaon, Haryana, India |
|
|
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|
Gurgaon
Office : |
195-196, Sector 4, IMT Manesar, Gurgaon, Haryana, India |
|
Tel. No.: |
91-124-4365513/ 14 |
|
Fax No.: |
91-124-4365434 |
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|
|
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Kanchipuram Office
: |
Plot No A-4, SIPCOT, Industrial Growth Centre, Chengalpattu - Sriperumbudur Road, Oragadam, Kanchipuram District - 602105, Tamilnadu, India |
DIRECTORS
AS ON 11.09.2014
|
Name : |
Mr. Vivek Avasthi |
|
Designation : |
Director |
|
Address : |
B-1/6, Vasant Vihar, New Delhi – 110057, India |
|
Date of Birth/Age : |
10.11.1961 |
|
Date of Appointment : |
15.05.2010 |
|
DIN No.: |
00033876 |
|
|
|
|
Name : |
Mr. Vivek Chaand Sehgal |
|
Designation : |
Director |
|
Address : |
22, Gwingana Crescent, Glen Waverly, Victoria – 3150, Australia |
|
Date of Birth/Age : |
28.09.1956 |
|
Date of Appointment : |
29.08.2008 |
|
DIN No.: |
00291126 |
|
|
|
|
Name : |
Mr. Kosaku Hosokawa |
|
Designation : |
Director |
|
Address : |
2-22-2, Sengendai, Higashi, Koshigaya Shi, Saitama-Ken, Japan, 3430042 |
|
Date of Birth/Age : |
10.08.1955 |
|
Date of Appointment : |
06.08.2012 |
|
DIN No.: |
05260919 |
|
|
|
|
Name : |
Mr. Hiroshi Kageyama |
|
Designation : |
Whole-time director |
|
Address : |
Flat No.101 B, Orlav Court Essel Tower, Gurgaon – 122002, Haryana, India
|
|
Date of Birth/Age : |
06.03.1964 |
|
Date of Appointment : |
11.09.2014 |
|
DIN No.: |
06866086 |
KEY EXECUTIVES
|
Name : |
Mr. Chattar Singh |
|
Designation : |
Accounts Executive |
|
|
|
|
Name : |
Mr. Manoj Maheshwari |
|
Designation : |
Secretary |
|
Address : |
A5/B-129, SFS Flats, Near Avtar Enclave, Paschim Vihar, New Delhi –
110063, India |
|
Date of Birth/Age : |
13.11.1971 |
|
Date of Appointment : |
01.06.2011 |
|
PAN No.: |
ABGPM2611N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 11.09.2014
|
Names of Shareholders |
No. of Shares |
|
Motherson Sumi Systems Limited, |
30930236 |
|
Ashok Tandon |
100 |
|
Vivek Avasthi |
100 |
|
Gaya Nand Gauba |
100 |
|
Geeta Soni |
100 |
|
Rohitash Gupta |
100 |
|
Manoj Maheshwari |
100 |
|
Calsonic Kansei Corporation, |
32193315 |
|
Calsonic Kansei Corporation and Nakanishi, Keiji |
1 |
|
Calsonic Kansei Corporation and Osawa Hiroyaki |
1 |
|
Calsonic Kansei Corporation and Hosokawa Kosaku |
1 |
|
Calsonic Kansei Corporation and Yamasaki Yoshiaki |
1 |
|
|
|
|
Total |
63124155 |
AS ON 11.09.2014
|
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] |
51.00 |
|
Bodies
corporate |
49.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Heating Ventilation, Air
Conditioning (HVAC) and Compressor. |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Imports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
S.R. Batliboi and Company LLP Chartered Accountants |
|
Address : |
Golf View Corporate, Tower-B, Sector-42, Sector Road,
Gurgaon - 122002, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AALFS0506L |
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Holding company : |
Calsonic Kansei Corporation, Japan |
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|
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|
Fellow Subsidiary
company : |
·
Calsonic Kansei Europe PLC ·
Calsonic Kansei Thailand (Co.) Limited ·
Calsonic Kansei Iwate Corporation ·
Calsonic Kansei Romania ·
Calsonic Kansei (Guangzhou) Corp ·
Calsonic Kansei Malaysia SDN BHD ·
Daihan Calsonic Corp. ·
Calsonic Kansei Mexica Sa CV ·
Calsonic Kansei Wuxi Corp |
|
|
|
|
Joint venture : |
Motherson Sumi Systems Limited |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
·
Kyungshin Industrial Motherson Limited ·
Woco Motherson Elastometer Limited ·
Magneti Marelli Motherson Auto System
Limited ·
Motherson Air Travel Agencies Limited ·
Motherson Sumi Infotech and Designs Limited ·
Motherson Auto Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
66,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 660.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
63,124,155 |
Equity Shares |
Rs. 10/- each |
Rs. 631.242 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
631.242 |
243.000 |
243.000 |
|
(b) Reserves & Surplus |
196.484 |
83.144 |
45.327 |
|
(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) |
827.726 |
326.144 |
288.327 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
1301.126 |
40.792 |
40.792 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
1.605 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
8.300 |
4.417 |
2.347 |
|
Total
Non-current Liabilities (3) |
1309.426 |
45.209 |
44.744 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
500.500 |
346.500 |
153.000 |
|
(b)
Trade payables |
953.272 |
649.814 |
583.827 |
|
(c)
Other current liabilities |
134.889 |
12.305 |
18.319 |
|
(d)
Short-term provisions |
73.262 |
16.479 |
4.172 |
|
Total
Current Liabilities (4) |
1661.923 |
1025.098 |
759.318 |
|
|
|
|
|
|
TOTAL |
3799.075 |
1396.451 |
1092.389 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
447.073 |
68.001 |
81.880 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1091.472 |
0.357 |
0.000 |
|
(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) |
21.109 |
1.878 |
0.000 |
|
(d) Long-term Loan
and Advances |
859.769 |
240.985 |
176.353 |
|
(e)
Other Non-current assets |
0.156 |
0.127 |
0.127 |
|
Total
Non-Current Assets |
2419.579 |
311.348 |
258.360 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
645.770 |
454.350 |
472.414 |
|
(c)
Trade receivables |
609.983 |
556.994 |
314.775 |
|
(d)
Cash and cash equivalents |
21.342 |
15.500 |
39.321 |
|
(e)
Short-term loans and advances |
75.012 |
58.238 |
7.464 |
|
(f)
Other current assets |
27.389 |
0.021 |
0.055 |
|
Total
Current Assets |
1379.496 |
1085.103 |
834.029 |
|
|
|
|
|
|
TOTAL |
3799.075 |
1396.451 |
1092.389 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
3239.995 |
2622.856 |
1888.569 |
|
|
|
Other Income |
65.531 |
3.727 |
8.394 |
|
|
|
TOTAL (A) |
3305.526 |
2626.583 |
1896.963 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2844.343 |
2392.739 |
1668.155 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
4.518 |
(11.980) |
(4.774) |
|
|
|
Employees benefits expense |
126.772 |
66.010 |
47.526 |
|
|
|
Other expenses |
270.906 |
83.256 |
95.205 |
|
|
|
TOTAL (B) |
3246.539 |
2530.025 |
1806.112 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
58.987 |
96.558 |
90.851 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
106.041 |
21.090 |
10.806 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(47.054) |
75.468 |
80.045 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
43.156 |
18.189 |
17.632 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(90.210) |
57.279 |
62.413 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(19.230) |
19.461 |
20.424 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(70.980) |
37.818 |
41.989 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings (FOB Basis) |
8.314 |
0.534 |
1.397 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
2392.659 |
2001.822 |
1590.471 |
|
|
|
Capital Goods |
903.427 |
0.308 |
0.000 |
|
|
TOTAL IMPORTS |
3296.086 |
2002.130 |
1590.471 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(1.41) |
1.56 |
1.73 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(2.19) |
1.44 |
2.22 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
1.82 |
3.68 |
4.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.36) |
4.11 |
5.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.11) |
0.18 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.18 |
1.19 |
0.67 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.83 |
1.06 |
1.10 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
243.000 |
243.000 |
631.242 |
|
Reserves & Surplus |
45.327 |
83.144 |
196.484 |
|
Net
worth |
288.327 |
326.144 |
827.726 |
|
|
|
|
|
|
Long-term borrowings |
40.792 |
40.792 |
1301.126 |
|
Short term borrowings |
153.000 |
346.500 |
500.500 |
|
Total
borrowings |
193.792 |
387.292 |
1801.626 |
|
Debt/Equity
ratio |
0.672 |
1.187 |
2.177 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1888.569 |
2622.856 |
3239.995 |
|
|
|
38.881 |
23.529 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1888.569 |
2622.856 |
3239.995 |
|
Profit/ (Loss) |
41.989 |
37.818 |
(70.980) |
|
|
2.22% |
1.44% |
(2.19%) |
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 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
228.000 |
0.000 |
|
Foreign currency term loans from banks |
1073.126 |
0.000 |
|
Term loans from others |
0.000 |
40.792 |
|
SHORT TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
105.500 |
0.000 |
|
Other loans and advances |
395.000 |
346.500 |
|
|
|
|
|
Total |
1801.626 |
387.292 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from 3rd Floor,
43, Community Centre, New Friends Colony, New Delhi - 110025, India to the
present address w.e.f.14.01.2009
OPERATIONS
During the year the company has achieved a total net income of Rs.
3305.526 Million as compared to Rs. 2626.583 Million during the previous year
and has suffered loss of Rs. (70.980) Million as compared to Profit of Rs.
37.818 Million during the previous year.
FIXED ASSETS:
·
Plant and equipment
·
Factory equipments
·
Other plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
·
Other equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.16 |
|
|
1 |
Rs. 92.73 |
|
Euro |
1 |
Rs. 68.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
35 |
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.