MIRA INFORM REPORT
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Report No. : |
335456 |
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Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
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Name : |
SCHNEIDER ELECTRIC INFRASTRUCTURE LIMITED (w.e.f. 08.12.2011) |
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Formerly Known
As : |
SMARTGRID AUTOMATION DISTRIBUTION AND SWITCHGEAR LIMITED |
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Registered
Office : |
Milestone 87, Vadodara, Halol Highway, Village Kotambi, Post Office
Jarod, Vadodara – 391510, Gujarat |
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Tel. No.: |
91-120-3940400 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
12.03.2011 |
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Com. Reg. No.: |
04-064420 |
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Capital
Investment / Paid-up Capital : |
Rs.478.200 Million |
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CIN No.: [Company Identification
No.] |
L31900GJ2011PLC064420 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAPCS6078Q |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Subject is engaged in the business of manufacturing,
designing, building and servicing technologically advanced products and systems
for electricity distribution including products such as distribution
transformers, medium voltage switchgears, medium and low voltage protection
relays and electricity distribution and automation equipment’s. |
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No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a stepdown subsidiary of “Schneider Electric SA”, France.
It is an established company having satisfactory track record. Company has incurred losses from its operational activities. However, company receives strong financial and managerial support from
its ultimate parent company and it has sound liquidity profile. Trade relations are reported as fair. Payments are reported to be slow
but correct. In view of strong support from ultimate parent company, the company
can be considered 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
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
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Alok |
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Designation : |
Administrative Department |
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Contact No.: |
91-265-2662000 |
LOCATIONS
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Registered Office : |
Milestone 87, Vadodara, Halol Highway, Village Kotambi, Post Office
Jarod, Vadodara – 391510, Gujarat, India |
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Tel. No.: |
91-120-3940400 / 3898703 |
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Fax No.: |
91-120-3898700 |
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E-Mail : |
company.secretary@schneider-electric.com
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Website : |
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Corporate Office : |
4-7th Floor, Tower 3, IGL Complex, Plot 2B Sector 126,
Noida – 201304, Uttar Pradesh, India |
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Tel. No.: |
91-120-3898703 |
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Fax No.: |
91-120-3898700 |
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E-Mail : |
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Factory 1 : |
Survey No. 215, Gagilapur Village, Qutbullapur Mandal, District
Rangareddy, Hyderabad – 500043, Telangana, India |
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Factory 2 : |
PSS – 58, MIDC Satpur, Nasik – 422007, Maharashtra, India |
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Tel. No.: |
91-253-3915100 |
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Factory 3 : |
Technopolis, 3rd Floor, Wing-B, Plot - 4, Block
- BP, Sector - V, Salt Lake City, Bidhan Nagar, Kolkata – 700091, West
Bengal, India |
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Factory 4 : |
Equipment Division Block BN 3, Sector - V, Salt Lake, Kolkata – 700091, West
Bengal, India |
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Factory 5 : |
Automation Division No - 172, Poonamallee, By Pass Road, Poonamalle, Chennai -
600056 |
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Regional Offices : |
Located At: · Noida · Kolkata · Mumbai · Bangalore · Secunderabad · Chennai |
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Branch Offices : |
1-8-271 to 273, 401 to 404A, Ashoka Bhoopal Chambers, S P Road,
Secunderabad – 500003, Telangana, India Also Located At: · Chandigarh · Jaipur · Lucknow · Jamshedpur · Guwahati · Bhubaneshwar · Vadodara · Ahmedabad · Nagpur · Pune |
DIRECTORS
AS ON 31.03.2014
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Name : |
Mr. Vinod Kumar Dhall |
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Designation : |
Chairman (Non-Executive) |
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Name : |
Mr. Prakash Kumar Chandraker |
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Designation : |
Managing Director |
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Name : |
Mr. Anil Chaudhry |
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Designation : |
Director |
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Name : |
Mr. Ranjan Pant |
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Designation : |
Director |
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Name : |
Mr. Rajani Kesari |
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Designation : |
Director |
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Date of Appointment : |
22.05.2013 |
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Name : |
Mr. V. S. Vsudevan |
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Designation : |
Director |
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Date of Appointment : |
11.03.2013 |
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Name : |
Mr. Javed Ahmad |
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Designation : |
Director (for the period of 01.08.2013 to 22.05.2014) |
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Name : |
Mr. Alexander Tagger |
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Designation : |
Director |
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Date of Appointment : |
10.07.2013 |
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Name : |
Mr. Manish Jaiswal |
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Designation : |
Director |
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Date of Appointment : |
22.05.2014 |
KEY EXECUTIVES
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Name : |
Mr. Sameet Gambhir |
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Designation : |
Company Secretary |
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Name : |
Mr. Anurag Mantri |
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Designation : |
Chief Financial Officer |
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COMMITTEES OF DIRECTORS : |
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Nomination and Remuneration Committee : |
· Mr. Vinod Kumar Dhall - Chairman · Mr. Prakash Kumar Chandraker · Mr. Ranjan Pant · Mr. V. S. Vsudevan |
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Corporate Social Responsibility (CSR) Committee : |
· Mr. Ranjan Pant · Mr. V. S. Vsudevan - Chairman · Mr. Prakash Kumar Chandraker |
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Risk Management Committee : |
· Mr. Ranjan Pant - Chairman · Mr. V. S. Vsudevan · Mr. Prakash Kumar Chandraker |
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Stakeholder’s Relationship Committee : |
· Mr. Ranjan Pant · Mr. V. S. Vsudevan - Chairman · Mr. Prakash Kumar Chandraker |
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Audit Committee : |
· Mr. Vinod Kumar Dhall - Chairman · Mr. Ranjan Pant · Mr. Rajani Kesari · Mr. V. S. Vsudevan |
SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter Group |
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Bodies Corporate |
168735367 |
70.57 |
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168735367 |
70.57 |
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10592659 |
4.43 |
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|
10592659 |
4.43 |
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Total shareholding of Promoter and Promoter Group (A) |
179328026 |
75.00 |
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(B) Public Shareholding |
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|
14817892 |
6.20 |
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|
51879 |
0.02 |
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|
605 |
0.00 |
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|
8280941 |
3.46 |
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|
331156 |
0.14 |
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|
23482473 |
9.82 |
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|
11332418 |
4.74 |
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|
19223247 |
8.04 |
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|
3286440 |
1.37 |
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|
2451431 |
1.03 |
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|
582905 |
0.24 |
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|
4655 |
0.00 |
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|
5545 |
0.00 |
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|
1858326 |
0.78 |
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|
36293536 |
15.18 |
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Total Public shareholding (B) |
59776009 |
25.00 |
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Total (A)+(B) |
239104035 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
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|
0 |
0.00 |
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|
0 |
0.00 |
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|
0 |
0.00 |
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Total (A)+(B)+(C) |
239104035 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing,
designing, building and servicing technologically advanced products and
systems for electricity distribution including products such as distribution
transformers, medium voltage switchgears, medium and low voltage protection
relays and electricity distribution and automation equipment’s. |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Suppliers : |
Not Divulged
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Customers : |
Not Divulged
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No. of Employees : |
400 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
S.R Batliboi and Company Chartered Accountants |
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Address : |
Golf View, Corporate Tower B, Sector 42, Sector Road, Gurgaon -
122002, Haryana, India |
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Tel. No.: |
91-124-4644000 |
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Fax No.: |
91-124-4644050 |
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Holding Company (As
on 31.03.2014) : |
Energy Grid Automation Transformers and Switchgears India Limited |
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Ultimate Holding
Company (As on 31.03.2014): |
Schneider Electric SA, France |
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Parent of Holding
Company and Others (As on 31.03.2014) : |
Schneider Electric Singapore Pte. Limited, Singapore |
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Fellow Subsidiaries
(As on 31.03.2014) : |
· Schneider Electric India Private Limited, India · Schneider Electric Canada Inc., Canada · Schneider Electric Protec Controle, France · Schneider Electric FZE, Oman (UAE) · Schneider Electric Sachsenwerk Gmbh, Germany · Schneider Electric Brasil Ltda, Brazil · Schneider Electric Services International SPRL, Belgium · Schneider Electric Indonesia PT, Indonesia · Schneider Switchgear (Suzhou) Co. Limited, China · APW President Systems Limited, India · Schneider Electric Energy Poland SP ZOO, Poland · Schneider Electric Huadian Switchgear (Xiamen) Co. Limited, China · Schneider Electric Energy, France · Schneider Electric Taiwan Co., Limited, Taiwan · Schneider Electric (Honk Kong) Limited · Schneider Electric Energy Hungary Limited, Hungary · Schneider Electric Telecontrol, France · Schneider Electric (China) Investment Co. Limited, Shanghai · Schneider Electric DMS Ns LLC, Serbia · Schneider Electric de Columbia, S.A., Columbia · Schneider Electric Lanka Private Limited, Sri Lanka · Schneider Electric Vietnam Limited, Vietnam · Schneider Electric Overseas Asia PTE Limited, Singapore · Schneider Electric Industries SAS, France · Schneider Electric Industries (M) SDN BHD, Malaysia · Schneider Electric (Australia) Pty Ltd., Australia · Schneider Electric Energy Manufacturing Italia Srt, Italy · Schneider Electric Nigeria Limited, Nigeria · Schneider Electric Energy UK Limited, United Kingdom · Shanghai Schneider Electric Power Automation Co. Limited · Schneider Energy Industries Sanayi ve Ticaret AS, Turkey · Schneider Electric Espana SA, Spain · Schneider Electric Sanayi ve Ticaret AS, Turkey · Schneider Electric Limited, United Kingdom |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not Divulged
Issued, Subscribed & Paid-up Capital : Rs.478.200 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000000 |
Equity Shares |
Rs.2/- each |
Rs.500.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
239104035 |
Equity Shares |
Rs.2/- each |
Rs.478.210 Million |
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a.
Terms/rights attached to equity shares
The company has only one class of equity shares having a par value of Rupees 2/- per share. Each holder of equity shares is entitled to one vote per share. The company shall declare and pay dividends in Indian Rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of winding-up of the company, the equity shareholders shall be entitled to be repaid remaining assets of the company, in the ratio of the amount of capital paid up on such equity shares.
b. Shares held by
Holding Company and Parent of Holding Company
|
Particulars |
March 31, 2014 |
|
|
Number of shares (in Million) |
Amount (in Million) |
|
|
Energy Grid Automation Transformers and Switchgears India Limited, the Holding Company |
168.740 |
337.470 |
|
Schneider Electric Singapore Pte. Limited, Parent of Holding Company |
10.590 |
21.180 |
c. Reconciliation of the
equity shares outstanding at the beginning and at the end of the reporting year
|
Particulars |
March 31, 2014 |
|
|
Number of shares (in Million) |
Amount (in Million) |
|
|
Outstanding at the beginning of the year |
239.100 |
478.210 |
|
Issued during the year |
-- |
-- |
|
Cancelled during the year |
-- |
-- |
|
Outstanding at the end of the year |
239.100 |
478.210 |
d. Details of
shareholders holding more than 5% shares in the company
|
Particulars |
March 31, 2014 |
|
|
Number of shares (in Million) |
Percentage (%) |
|
|
Equity shares of Rupees 2/- each fully paid: |
|
|
|
Energy Grid Automation Transformers and Switchgears India Limited, the Holding Company |
168.740 |
70.57% |
|
Reliance Capital Trustee Company Limited A/c through Reliance Regular Vision Fund, (Scheme of Reliance Mutual Fund) |
11.380 |
4.76% |
As per of the company, including its register of shareholders/members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownerships of shares.
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
478.200 |
478.210 |
478.210 |
|
(b) Reserves & Surplus |
372.200 |
657.580 |
1906.850 |
|
(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) |
850.400 |
1135.790 |
2385.060 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1900.000 |
1900.000 |
0.000 |
|
(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 |
196.500 |
428.320 |
244.660 |
|
Total Non-current
Liabilities (3) |
2096.500 |
2328.320 |
244.660 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
962.700 |
696.630 |
2341.380 |
|
(b) Trade payables |
7644.900 |
6522.660 |
6154.590 |
|
(c) Other
current liabilities |
1156.400 |
1725.770 |
1767.110 |
|
(d) Short-term
provisions |
753.500 |
157.090 |
158.060 |
|
Total Current
Liabilities (4) |
10517.500 |
9102.150 |
10421.140 |
|
|
|
|
|
|
TOTAL |
13464.400 |
12566.260 |
13050.860 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1955.600 |
1755.600 |
1932.590 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
190.840 |
56.510 |
|
(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 |
114.230 |
114.230 |
|
(d)
Long-term Loan and Advances |
281.800 |
402.870 |
533.080 |
|
(e) Other
Non-current assets |
212.500 |
224.770 |
88.750 |
|
Total Non-Current
Assets |
2449.900 |
2688.310 |
2725.160 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2118.300 |
1799.300 |
1497.200 |
|
(c) Trade
receivables |
6909.400 |
6810.910 |
7556.800 |
|
(d) Cash
and cash equivalents |
544.800 |
11.230 |
43.940 |
|
(e)
Short-term loans and advances |
1204.800 |
916.790 |
1088.070 |
|
(f) Other
current assets |
237.200 |
339.720 |
139.690 |
|
Total
Current Assets |
11014.500 |
9877.950 |
10325.700 |
|
|
|
|
|
|
TOTAL |
13464.400 |
12566.260 |
13050.860 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
13103.100 |
12156.510 |
13104.130 |
|
|
|
Other Income |
697.400 |
450.330 |
68.310 |
|
|
|
TOTAL (A) |
13800.500 |
12606.840 |
13172.440 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of raw material & components consumed |
9634.200 |
8817.650 |
9073.920 |
|
|
|
(Increases) / Decreases in inventories of finished goods
& work in progress |
120.900 |
(120.790) |
(92.540) |
|
|
|
Employee benefits expenses |
1516.900 |
1434.690 |
1482.690 |
|
|
|
Other expenses |
2066.100 |
2864.150 |
2311.200 |
|
|
|
Exceptional Item |
0.000 |
373.000 |
100.000 |
|
|
|
TOTAL (B) |
13338.100 |
13368.700 |
12875.270 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B)
(C) |
462.400 |
(761.860) |
297.170 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
385.000 |
227.090 |
259.510 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
77.400 |
(988.950) |
37.660 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
248.600 |
260.320 |
318.340 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
(171.200) |
(1249.270) |
(280.680) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
114.200 |
0.000 |
3.910 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(285.400) |
(1249.270) |
(284.590) |
|
|
|
|
|
|
|
|
|
Add |
Previous
Years’ Balance Brought Forward |
(1287.300) |
(38.030) |
246.560 |
|
|
|
|
|
|
|
|
|
|
Balance Carried
To The B/S |
(1572.700) |
(1287.300) |
(38.030) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
FOB Value Export |
NA |
546.580 |
1039.900 |
|
|
|
Other Services Income |
NA |
149.070 |
315.070 |
|
|
TOTAL EARNINGS |
NA |
695.650 |
1354.970 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
2173.090 |
2061.850 |
|
|
|
Components and Spares parts |
NA |
0.000 |
1.120 |
|
|
|
Capital Goods |
NA |
0.000 |
9.310 |
|
|
TOTAL IMPORTS |
NA |
2173.090 |
2072.280 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(1.19) |
(5.22) |
(1.19) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
206.070 |
546.660 |
|
Net cash flow from (used in) operation |
NA |
189.48 |
376.31 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(2.18) |
(10.28) |
(2.170 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.53 |
(6.27) |
2.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.27) |
(45.88) |
(10.42) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.20) |
(1.10) |
(0.12) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.37 |
2.29 |
0.98 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05 |
1.09 |
0.99 |
STOCK
PRICES
|
Face Value |
Rs. 2.00/- |
|
Market Value |
Rs. 198.15/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
478.210 |
478.210 |
478.200 |
|
Reserves & Surplus |
1906.850 |
657.580 |
372.200 |
|
Net
worth |
2385.060 |
1135.790 |
850.400 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
1900.000 |
1900.000 |
|
Short term borrowings |
2341.380 |
696.630 |
962.700 |
|
Total
borrowings |
2341.380 |
2596.630 |
2862.700 |
|
Debt/Equity
ratio |
0.982 |
2.286 |
3.366 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
13104.130 |
12156.510 |
13103.100 |
|
|
|
(7.231) |
7.787 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
13104.130 |
12156.510 |
13103.100 |
|
Profit/ (Loss) |
(284.590) |
(1249.270) |
(285.400) |
|
|
(2.17%) |
(10.28%) |
(2.18%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO CHARGES
EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULAR |
31.03.2015 (Rs.
In Million) |
31.03.2014 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and Advances
from Related Parties: Loan from Schneider Electric IT Business India Private Limited |
|
1900.000 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loan from banks repayable on demand |
|
275.190 |
|
Short term loan from banks |
|
250.000 |
|
Short term foreign currency loan from banks |
|
171.440 |
|
Loans and Advances
from Related Parties: Loan from Schneider Electric IT Business India Private Limited |
|
0.000 |
|
|
|
|
|
Total |
NA |
2596.630 |
|
NOTE: a. Loan from banks repayable on demand comprises of Bank Overdraft availed in Current Accounts carrying interest rate of 11.50% per annum. b. Short term loan from banks includes- (i) Rupees 250.000 Million which carries interest rate 7.00% per annum. The loan is payable in 150 days from the end of the balance sheet date (March 31, 2013 - Rupees 1175.000 Million carrying interest rate of 7.50% per annum. c. Short term foreign currency loan includes- (i) USD 1.38 Million (Rupees 82.940 Million) Export Loan which carries interest rate LIBOR plus 0.50 % per annum. This loan is repayable within 150 days from the end of the balance sheet date. (March 31, 2013 - USD 0.98 Million (Rupees 56.890 Million) which carries interest rate LIBOR plus 1.16 % per annum) (ii) USD 0.38 & 0.22 Million (Rupees 23.140 and 13.350 Million) Buyer Credit Loan which carries interest rate LIBOR plus 0.50 % and 0.45% per annum respectively. This loan is repayable in 58 and 25 days respectively from the end of the balance sheet date. (March 31, 2013 - USD 2 Million (Rupees 108.780 Million) which carries interest rate LIBOR plus 1.27 % per annum) (iii) EUR 0.49 Million and 0.13 Million (Rupees 41.210 and 10.790 Million) Buyer Credit Loan which carries interest rate LIBOR plus 0.45 % and 0.50% per annum respectively. This loan is repayable in 29 and 63 days respectively from the end of the balance sheet date d. Short term Loan taken from Schneider Electric IT
Business India Private Limited of Rupees 1000.000 Million carried forward
from previous year (carrying interest rate of 8.00% per annum) and short term
loan of Rupees 900 Million taken during the current year was converted into
long term loan during the current year. Accordingly, long term loan of Rupees
1900.000 Million, which carries interest rate of 7.50% per annum, is
repayable after 12 months from end of Balance Sheet date. |
||
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 64.01 |
|
UK Pound |
1 |
Rs. 99.84 |
|
Euro |
1 |
Rs. 70.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--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.