MIRA INFORM REPORT
|
Report No. : |
355631 |
|
Report Date : |
22.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
AMCO SAFT INDIA PRIVATE LIMITED (w.e.f 17.11.2015) |
|
|
|
|
Formerly Known
As : |
AMCO SAFT INDIA LIMITED AMCO POWER SYSTEM LIMITED |
|
|
|
|
Registered
Office : |
Plot
No. 10/1A, IB and 1C Abbanakuppe, Bidadi Industrial Area, Bangalore – 562109,
Karnataka |
|
Mobile No.: |
91-9845320152 (Mr. Shrikant Joshi) |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.12.2013 |
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|
|
|
Date of
Incorporation : |
18.12.1996 |
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|
|
|
Com. Reg. No.: |
08-021517 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.196.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110KA1996PTC021517 |
|
|
|
|
IEC No.: |
0797016791 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AABCA1887D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer of Nickel Cadmium Batteries. (From Indirect Sources) |
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|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
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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|
|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1996. Saft SA France holds 51% in
the subject company. The name of the company has changed from AMCO SAFT INDIA LIMITED to AMCO SAFT INDIA PRIVATE LIMITED with effect from 17th November 2015. Management has failed to file its financials after FY13 with registrar
of companies. The company has achieved decent revenue base, however reported loss
for the FY13. The company possesses efficient net worth base marked by low
borrowings and fair cash accruals. Rating further takes into consideration strong technical and financial
support from the holding company. Trade relations are fair. Business is active. Payments are slow but
correct. In view of strong support, 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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
24.03.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
24.03.2015 |
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
31-03-2015.
INFORMATION DECLINED BY
|
Name : |
Mr. Shrikant Joshi |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9845320152 |
|
Date : |
21.12.2015 |
LOCATIONS
|
Registered Office / Head office / Factory: |
Plot No. 10/1A, IB and 1C Abbanakuppe, Bidadi Industrial Area,
Bangalore – 562109, Karnataka, India |
|
Tel. No.: |
91- 80 - 2363 7790 |
|
Mobile No.: |
91-9845320152 (Mr. Shrikant Joshi) |
|
Fax No.: |
91- 80 - 2363 7716 |
|
E-Mail : |
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|
Website : |
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|
Regional Offices 1 : |
1202,12th Floor, 6, Devika Towers, Nehru Place,
New Delhi – 110019, India |
|
Tel. No.: |
91- 11- 40638644 |
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Fax No.: |
91- 11- 40638644 |
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E-Mail : |
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|
Website : |
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|
Regional Offices 2 : |
324 / A, 3rd Floor,
Swastik Chember, CST Road,
Chembur, Mumbai - 400 071,
Maharashtra, India |
|
Tel. No.: |
91-22 - 2529 2967 |
|
Fax No.: |
91-22 - 2492 2209 |
|
Website : |
|
|
|
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|
Branch offices : |
No. 1/4, 1st Floor, Chandrodaya Co – Operative Society, Swastika Park, Chembur, Mumbai – 400071, Maharashtra, India |
|
Tel. No.: |
91-22-25292967 |
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Fax No.: |
91-22-24922209 |
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E-Mail : |
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New Delhi Office: |
508, 5th Floor, Hemkunt Chamber, Nehru Place, New Delhi - 110019, India |
|
Tel. No.: |
91-11-40638644 |
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Fax No.: |
91-11-40638644 |
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E-Mail : |
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Mumbai Office: |
No. 124 - 125, 1 Floor, Plot No : 75, Vardhaman Market, Sector 17, Vashi, Navi Mumbai – 400703 ,Maharashtra, India |
|
Tel. No.: |
91-22-27802568 |
|
Fax No.: |
91-22-27667682 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Pillapa Kam Bahukudumbi Sam Path |
|
Designation : |
Director |
|
Address : |
31/1, Bhagirathi Ammal Street, Tnagar, Chennai, Tamil Nadu, India |
|
Date of Birth/Age : |
11.10.1944 |
|
Date of Appointment
: |
09.03.2007 |
|
DIN No.: |
00037043 |
|
|
|
|
Name : |
Loueoec Bernard |
|
Designation : |
Director |
|
Address : |
No.Z5 Rue Saint- Hippoivte Paris France 75013 |
|
Date of Birth/Age : |
20.02.1964 |
|
Date of Appointment
: |
09.03.2007 |
|
DIN No.: |
00283269 |
|
|
|
|
Name : |
Xavier Delacroix |
|
Designation : |
Director |
|
Address : |
Les Glycines ST Maurice LA Clouere France 86160 |
|
Date of Birth/Age : |
06.02.1964 |
|
Date of Appointment
: |
09.03.2007 |
|
DIN No.: |
01714462 |
|
|
|
|
Name : |
Pierre Marc Denis Jean Leroy |
|
Designation : |
Additional Director |
|
Address : |
Rueil Malmaison France 92500 |
|
Date of Birth/Age : |
18.06.1960 |
|
Date of Appointment
: |
04.04.2012 |
|
DIN No.: |
05305460 |
|
|
|
|
Name : |
Mr. Ramanujapuram Anandampillai Sridhar |
|
Designation : |
Director |
|
Address : |
87 Avenue Paul Doumer, Rueil Malmaison, France, 92500, , France |
|
Date of Birth/Age : |
23.10.1950 |
|
Date of Appointment
: |
04.04.2012 |
|
DIN No.: |
05305460 |
|
|
|
|
Name : |
Mr. Girishkumar Shankargouda Patil |
|
Designation : |
Alternate director |
|
Address : |
#295, Nagarbhavi, 2nd Stage, 3rd Cross, 13th Block, Bangalore - 560072, Karnataka, India |
|
Date of Birth/Age : |
09.10.1963 |
|
Date of Appointment
: |
11.07.2015 |
|
DIN No.: |
01714462 |
KEY EXECUTIVES
|
Name : |
Ramapriya Muthuswamy |
|
Designation : |
Secretary |
|
Address : |
F3, VR Apartments, Uttarahalli Main Road, Opposite Rapsri Engg Industries, Bangalore – 560061, Karnataka, India |
|
Date of Birth/Age : |
29.03.1980 |
|
Date of Appointment
: |
31.03.2014 |
|
PAN No.: |
AHAPR2272C |
|
|
|
|
Name : |
Girish Kumar Shankare Gowda Patil |
|
Designation : |
Manager |
|
Address : |
253-Upstairs II Cross, Gokulam II Stage, Mysore, 570002, Karnataka, India |
|
Date of Birth/Age : |
09.10.1963 |
|
Date of Appointment
: |
20.09.2010 |
|
PAN No.: |
ADJPP1492R |
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|
|
|
Name : |
Mahalingam Sridhar |
|
Designation : |
Chief Financial Officer |
|
Address : |
Flat B2-G-01-Elita Promenade Apartment, JP Nagar 7th Phase, Bangalore - 560078, Karnataka, India |
|
Date of Appointment
: |
02.06.2014 |
|
PAN No.: |
AECPS9222A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2014
|
Names of Shareholders |
|
No. of Shares |
|
Tractors and farm Equipment’s Limited, India |
|
7346000 |
|
SAFT Batteries PTE Limited India |
|
10004000 |
|
Amco Batteries Limited, P B Sampatii |
|
100 |
|
Amco Batteries Limted. V Ramamoorthy |
|
100 |
|
Amco Batteries Limited, B N Balachandran |
|
100 |
|
Amco Batteries Limited |
|
2249500 |
|
K.V.Jaganathan. Amco Batteries Limited India |
|
100 |
|
R.A.Sridhar. Amco Batteries Limited India |
|
100 |
|
Total |
|
19600000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.06.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
51.04 |
|
Bodies corporate |
48.96 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Nickel Cadmium Batteries. (From Indirect Sources) |
|
|
|
|
Products : |
Nickel Cadmium Batteries |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Divulged |
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|
|
|
Imports : |
Not Divulged |
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|
|
|
Terms : |
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 : |
Information declined by the management
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Kalyaniwala and Ministry Chartered Accountants |
|
Address : |
No.102, 2nd Floor, Gangadhara
Chetty Road, Bangalore-560042, Karnataka, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABUPB6044N |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company (AS
ON 31.12.2013): |
|
|
|
|
|
Fellow Subsidiary
company(AS ON 31.12.2013): |
|
|
|
|
|
Others(AS ON
31.12.2013): |
Tractors and Farm Equipment Limited, India [U29129TN1960PLC004337] |
CAPITAL STRUCTURE
AS ON 31.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19600000 |
Equity Shares |
Rs.10/- each |
Rs. 196.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19600000 |
Equity Shares |
Rs.10/- each |
Rs. 196.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
196.000 |
196.000 |
196.000 |
|
(b) Reserves & Surplus |
196.021 |
204.737 |
164.101 |
|
(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) |
392.021 |
400.737 |
360.101 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
119.605 |
87.079 |
74.579 |
|
(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 |
115.200 |
115.566 |
96.268 |
|
Total
Non-current Liabilities (3) |
234.805 |
202.645 |
170.847 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
117.290 |
34.452 |
40.615 |
|
(b) Trade payables |
387.051 |
271.089 |
156.205 |
|
(c) Other current liabilities |
68.179 |
131.636 |
109.633 |
|
(d) Short-term provisions |
19.193 |
19.334 |
20.200 |
|
Total
Current Liabilities (4) |
591.713 |
456.511 |
326.653 |
|
|
|
|
|
|
TOTAL |
1218.539 |
1059.893 |
857.601 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
187.990 |
84.553 |
86.202 |
|
(ii) Intangible Assets |
1.592 |
0.011 |
0.051 |
|
(iii) Capital work-in-progress |
12.669 |
41.375 |
0.070 |
|
(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) |
10.094 |
8.459 |
8.772 |
|
(d) Long-term Loan and Advances |
105.875 |
103.875 |
81.212 |
|
(e) Other Non-current assets |
58.987 |
71.838 |
35.747 |
|
Total
Non-Current Assets |
377.207 |
310.111 |
212.054 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
129.908 |
104.562 |
71.174 |
|
(c) Trade receivables |
369.504 |
270.158 |
254.571 |
|
(d) Cash and cash equivalents |
189.531 |
163.544 |
158.236 |
|
(e) Short-term loans and
advances |
5.954 |
14.061 |
16.458 |
|
(f) Other current assets |
146.435 |
197.457 |
145.108 |
|
Total
Current Assets |
841.332 |
749.782 |
645.547 |
|
|
|
|
|
|
TOTAL |
1218.539 |
1059.893 |
857.601 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
SALES |
|
|
|
|
|
Income |
512.861 |
597.886 |
566.290 |
|
|
Other Income |
45.470 |
18.126 |
11.263 |
|
|
TOTAL
(A) |
558.331 |
616.012 |
577.553 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
394.247 |
441.603 |
404.962 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(13.808) |
(19.605) |
(4.182) |
|
|
Employees benefits expense |
50.020 |
46.351 |
40.702 |
|
|
Other expenses |
76.906 |
51.988 |
46.649 |
|
|
TOTAL
(B) |
507.365 |
520.337 |
488.131 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
50.966 |
95.675 |
89.422 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
50.860 |
33.453 |
27.519 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.106 |
62.222 |
61.903 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
10.458 |
3.173 |
3.302 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(10.352) |
59.049 |
58.601 |
|
|
|
|
|
|
|
Less |
TAX (H) |
(1.636) |
18.413 |
21.621 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(8.716) |
40.636 |
36.980 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(0.44) |
2.07 |
2.51 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
1.648 |
264.030 |
(53.883) |
KEY
RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(1.70) |
6.80 |
6.53 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
9.94 |
16.00 |
15.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.87) |
5.85 |
6.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.03) |
0.15 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.60 |
0.30 |
0.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42 |
1.64 |
1.98 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
13.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
196.000 |
196.000 |
196.000 |
|
Reserves & Surplus |
164.101 |
204.737 |
196.021 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
360.101 |
400.737 |
392.021 |
|
|
|
|
|
|
long-term borrowings |
74.579 |
87.079 |
119.605 |
|
Short term borrowings |
40.615 |
34.452 |
117.290 |
|
Total
borrowings |
115.194 |
121.531 |
236.895 |
|
Debt/Equity
ratio |
0.320 |
0.303 |
0.604 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
13.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
566.290 |
597.886 |
512.861 |
|
|
|
5.579 |
(14.221) |
NET PROFIT MARGIN
|
Net
Profit Margin |
13.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
566.290 |
597.886 |
512.861 |
|
Profit |
36.980 |
40.636 |
(8.716) |
|
|
6.53% |
6.80% |
(1.70%) |
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 |
No |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from Hebbal Bellary, Jakkur Road, Byatrayanapura, Bangalore -560092,
Karnataka, India to the present address w.e.f.
29.07.2013
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.12.2013 |
As
on 31.12.2012 |
|
LONG TERM
BORROWING |
|
|
|
Other loans and advances |
49.576 |
63.569 |
|
Total |
49.576 |
63.569 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
80014593 |
28/11/2012 * |
325,000,000.00 |
CENTRAL BANK OF INDIA |
SANTOSH COMPLEX,
K.G. ROAD, BANGALORE, KARNATAKA |
B66622747 |
|
2 |
90198188 |
24/03/2005 * |
30,000,000.00 |
CENTRAL BANK OF INDIA |
K G ROAD, BANGALORE, KARNATAKA, INDIA |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
- Leasehold improvements
Intangible assets
- Computer software
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 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.66.32 |
|
UK Pound |
1 |
Rs.98.99 |
|
Euro |
1 |
Rs.72.13 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
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 |
|
41 |
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.