MIRA INFORM REPORT
|
Report No. : |
356576 |
|
Report Date : |
28.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ITW INDIA PRIVATE LIMITED (w.e.f. 16.04.2015) |
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|
|
|
Formerly Known
As : |
ITW INDIA LIMITED (w.e.f.
October 2005) ITW SIGNODE INDIA LIMITED (w.e.f. 30.01.1992) NAGARJUNA SIGNODE LIMITED |
|
|
|
|
Registered
Office : |
Level 1, Lotus Plaza, 732/1, Mehrauli Gurgaon Road, Sector 14, Gurgaon
– 122001, Haryana |
|
Tel. No.: |
91-124-4284381 |
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|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2015 |
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|
|
Date of
Incorporation : |
30.11.1979 |
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Com. Reg. No.: |
05-038643 |
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Capital
Investment / Paid-up Capital : |
Rs.135.500. Million |
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|
CIN No.: [Company Identification
No.] |
U32301HR1979PTC038643 |
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|
|
IEC No.: |
0988002663 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKI01677E |
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PAN No.: [Permanent Account No.] |
AAAC14550Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of MPI Equipment, MPI Accessories and Fluorescent Wet
Method. (Confirmed by management) |
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|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of ILLINOIS TOOL WORKS INC. which ranks 201 in
Fortune 500. Subject was incorporated in the year 1979 with the name of ITW INDIA LIMITED
which later got converted into private limited and its name changed to ITW
INDIA Private Limited with effect from 16th April 2015. The company possesses decent revenue base marked by good profit
margin. The rating reflects on company’s strong financial profile, driven by
low debt levels and robust liquidity. Rating also takes into consideration strong financial and managerial
support from its holding company. However rating is constrained on account of huge dip in its revenue
base and profit margin as compared to previous year. Trade relations are fair. Business is active. Payments are regular and
as per commitments. In view of strong promoters, 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 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Ramshekher Reddy |
|
Designation : |
Account Manager |
|
Contact No.: |
91-8455-22470 |
|
Date : |
25.12.2015 |
LOCATIONS
|
Registered Office : |
Level 1, |
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Tel. No.: |
91-124-3020601 |
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Fax No.: |
91-124-3020603 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Industrial |
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Factory 1 : |
Plot No.13, Sec-2, |
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Tel. No.: |
91-5944-250221 (BSNL) 91-5944-645012 (Tata) |
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Factory 2 : |
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Tel. No.: |
91-8455-305085 |
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Fax No.: |
91-8455-220002 / 226101 |
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Factory 3 : |
Survey No.263 |
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Tel. No.: |
91-260-2699291 / 92 |
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Fax No.: |
91-260-2699293 |
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Automotive Unit : |
995/2/1, Dingrawadi, Near Kalyani Sharp Pune Nagar Road, Tal-Shirur District Pune – 412207, Maharashtra, India |
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Tools, Spares and |
No.9, KSSP Warehousing Complex, Door No. 7-2-1740, Sanathnagar, Hyderabad – 500018, Telangana, India |
|
Tel No.: |
91-40-64534002 |
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Fax No.: |
91-40-23811667 |
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Branch Office : |
3C PM Towers, 37 Greams Road , Chennai – 600007, Tamilnadu, India |
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Tel No.: |
44-28293888 |
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Fax No.: |
44-28293887 |
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Email : |
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Division (Chemin) : |
Plot No: 34 to 37, Phase-2, IDA, APIIC, Pashammylaram, Medak – 502307, (35 km from Hyderabad), Telangana, India |
|
Tel No.: |
91-8455-224700 / 224701 |
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Fax No.: |
91-8455-224705 |
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Email : |
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Sales and Service Network : |
Located at: |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Rohit Gupta |
|
Designation : |
Executive Director |
|
Address : |
C-1/1448, Vasant Kunj, New Delhi – 110070, India |
|
Date of Birth/Age : |
20.05.1968 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
11.10.2010 |
|
DIN No.: |
00322010 |
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|
|
|
Name : |
Ms. Mary Ann Spiegel |
|
Designation : |
Non-Executive Director |
|
Address : |
595 S. Rexbl VD, Elmhurst, Illinois - 60126 |
|
Date of Birth/Age : |
24.05.1964 |
|
Date of Appointment : |
29.09.2012 |
|
DIN No.: |
05161638 |
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|
|
|
Name : |
Mr. Subodh Shrinivas Deshpande |
|
Designation : |
Whole-Time Director |
|
Address : |
Bungalow No.62, Tulasi Garden, Near Indus World School, JJ, Nagar Post, Yapral, Secunderabad - 500087, Telangana, India |
|
Date of Appointment : |
01.04.2014 |
|
DIN No.: |
06834539 |
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|
Name : |
Mrs. Joanna Barbara Pasek |
|
Designation : |
Director |
|
Address : |
6453 N. Minnehaha Ave, Chicago, 60646, United States of America |
|
Date of Appointment : |
01.04.2014 |
|
DIN No.: |
06846450 |
KEY EXECUTIVES
|
Name : |
Mr. Ramshekher Reddy |
|
Designation : |
Account Manager |
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|
|
|
Name : |
RMG and Associates |
|
Designation : |
Company Secretaries |
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|
Name : |
Mr. Rohit Gupta |
|
Designation : |
Chief Financial Officer |
|
Address : |
C-1/1448, Vasant Kunj, New Delhi - 110070, India |
|
Date of Appointment : |
19.12.2014 |
|
PAN No.: |
AFGPG5677N |
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|
|
|
Name : |
Mr. Abhishek Nagar |
|
Designation : |
Secretary |
|
Address : |
Flat No. 16, 169, Khirkee Village, Malviya Nagar, New Delhi- 110017, India |
|
Date of Appointment : |
23.09.2013 |
|
PAN No.: |
AGLPN1292J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Illinois Tool Works Inc., - USA |
|
6741 |
|
ITW PMI Investments Inc. – Willington |
|
1 |
|
Hobart Corporation – USA |
|
1 |
|
Tranosliw International INC. |
|
1 |
|
ITW Universal LLC – USA |
|
1 |
|
Stokvis Tape Group B.V. Netherland |
|
2 |
|
Anita Khandelwal Ram Krishna Khandelwal |
|
3 |
|
Sonal D Shah Priti N Shah. |
|
2 |
|
R Sunitha Reddy VV Subba Reddy |
|
2 |
|
Rama Krupa Mulpury |
|
2 |
|
Nagasiromani Dandamudi |
|
2 |
|
Chandmal Chhajed Kalavathi Chhajed |
|
2 |
|
Madhusudana Rao Dandamudi |
|
2 |
|
Podile Gita Vani |
|
1 |
|
Bharat Bhushan Sahny Veena Sahny |
|
1 |
|
Manoj Bagadia |
|
2 |
|
Geera Finance Limited, India |
|
1 |
|
M Bhawalrlal Jain, B Chanda Kanwar |
|
1 |
|
Dandamudi Krishan Rao, D.M. Rao |
|
1 |
|
Swan Securities Private Limited – India |
|
1 |
|
Kailashben Kiritbhai Shah |
|
1 |
|
Priyadarshi Ramprasad Shukla, Darshini Mahadevia |
|
1 |
|
Krishnarao Annarao Lokapur, Annarao Krishnarao Lokapur |
|
1 |
|
Amita Nitesh Thakkar, Nitesh Arjun Thakkar |
|
1 |
|
Priya Dhawal Thakkar, Dhawal Arjun Thakkar |
|
1 |
|
Total |
|
6775 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2014
|
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 |
99.59 |
|
Bodies corporate |
0.03 |
|
Other top fifty shareholders |
0.38 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of MPI Equipment, MPI Accessories and Fluorescent Wet
Method. (Confirmed by management) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit (30 / 60 / 90 Days) |
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Purchasing : |
Cash and Credit (30 / 60 / 90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEM”s
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Auditors : |
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|
Name : |
Deloitte Haskings and Sells Chartered Accountant |
|
Address : |
7th Floor, Building No. 10, DLF Cyber City Complex,
Gurgaon, Haryana, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
Illinois Tool Works, Inc, United States |
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Fellow Subsidiary
Company : |
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|
Subsidiary company
: |
U30009HR1992PTC056008
U36900HR2007PTC056071 |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25300 |
Equity Shares |
Rs.20000/- each |
Rs.506.000 Million |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8938 |
Equity Shares |
Rs20000/- each |
Rs.178.760
Million |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6775 |
Equity Shares |
Rs.20000/- each |
Rs.135.500 Million |
|
|
|
|
|
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 |
135.505 |
135.505 |
135.505 |
|
(b) Reserves & Surplus |
3687.288 |
2943.831 |
7447.115 |
|
(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) |
3822.793 |
3079.336 |
7582.620 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
25.841 |
28.143 |
35.118 |
|
(b) Deferred tax liabilities
(Net) |
7.013 |
0.000 |
99.372 |
|
(c) Other long term
liabilities |
6.372 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.336 |
1.617 |
41.136 |
|
Total
Non-current Liabilities (3) |
41.562 |
29.760 |
175.626 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
18.619 |
|
(b) Trade payables |
383.090 |
378.955 |
846.501 |
|
(c) Other current liabilities |
149.794 |
138.340 |
200.299 |
|
(d) Short-term provisions |
3.675 |
3.113 |
3.537 |
|
Total
Current Liabilities (4) |
536.559 |
520.408 |
1068.956 |
|
|
|
|
|
|
TOTAL |
4400.914 |
3629.504 |
8827.202 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
653.458 |
698.795 |
1828.048 |
|
(ii) Intangible Assets |
24.971 |
37.457 |
373.133 |
|
(iii) Capital work-in-progress |
24.312 |
48.005 |
101.548 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
486.688 |
486.688 |
490.045 |
|
(c) Deferred tax assets (net) |
0.000 |
32.526 |
0.000 |
|
(d) Long-term Loan and Advances |
222.619 |
137.598 |
191.827 |
|
(e) Other Non-current assets |
80.010 |
37.832 |
62.578 |
|
Total
Non-Current Assets |
1492.058 |
1478.901 |
3047.179 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
396.501 |
419.650 |
1433.341 |
|
(c) Trade receivables |
846.919 |
733.094 |
2478.173 |
|
(d) Cash and cash equivalents |
1208.632 |
676.220 |
1258.268 |
|
(e) Short-term loans and
advances |
361.915 |
253.022 |
447.480 |
|
(f) Other current assets |
94.889 |
68.617 |
162.761 |
|
Total
Current Assets |
2908.856 |
2150.603 |
5780.023 |
|
|
|
|
|
|
TOTAL |
4400.914 |
3629.504 |
8827.202 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
4394.527 |
10334.416 |
11593.680 |
|
|
Other Income |
136.954 |
363.987 |
164.973 |
|
|
TOTAL
(A) |
4531.481 |
10698.403 |
11758.653 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
2033.575 |
4219.428 |
4893.748 |
|
|
Purchases of Stock-in-Trade |
311.030 |
1612.575 |
2023.884 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
13.341 |
77.797 |
(365.148) |
|
|
Employees benefits expense |
508.411 |
1259.748 |
1610.710 |
|
|
Exceptional Items |
(179.795) |
(8050.066) |
0.000 |
|
|
Other expenses |
537.435 |
1073.897 |
1290.728 |
|
|
TOTAL
(B) |
3223.997 |
193.379 |
9453.922 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
1307.484 |
10505.024 |
2304.731 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.984 |
8.059 |
40.885 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1303.500 |
10496.965 |
2263.846 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
173.453 |
269.469 |
308.853 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
1130.047 |
10227.496 |
1954.993 |
|
|
|
|
|
|
|
Less |
TAX (H) |
386.590 |
2444.843 |
635.273 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
743.457 |
7782.653 |
1319.720 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
7.725 |
9.208 |
11.100 |
|
|
Commission |
0.593 |
0.784 |
0.881 |
|
|
Services |
0.655 |
0.749 |
0.746 |
|
|
TOTAL
EARNINGS |
8.973 |
10.741 |
12.727 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
10973.536 |
1019932.05 |
1.95 |
Expected Sales (2015-2016) : Rs.6000.000 Million
The above information has been parted by Mr. Ramshekher Reddy (Account
Manager).
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 |
NA |
NA |
|
Net cash flows from (used in) operations |
829.393 |
2261.892 |
804.213 |
|
Net cash flow from operating activity |
299.493 |
(635.666) |
25.579 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
16.92 |
75.31 |
11.38 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
29.75 |
101.65 |
19.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
29.05 |
333.98 |
23.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
3.32 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.01 |
0.01 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.42 |
4.13 |
5.41 |
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 |
135.505 |
135.505 |
135.505 |
|
Reserves & Surplus |
7447.115 |
2943.831 |
3687.288 |
|
Net
worth |
7582.620 |
3079.336 |
3822.793 |
|
|
|
|
|
|
long-term borrowings |
35.118 |
28.143 |
25.841 |
|
Short term borrowings |
18.619 |
0.000 |
0.000 |
|
Total
borrowings |
53.737 |
28.143 |
25.841 |
|
Debt/Equity
ratio |
0.007 |
0.009 |
0.007 |
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 |
11593.680 |
10334.416 |
4394.527 |
|
|
|
(10.862) |
(57.477) |
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 |
11593.680 |
10334.416 |
4394.527 |
|
Profit |
1319.720 |
7782.653 |
743.457 |
|
|
11.38% |
75.31% |
16.92% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
STATE OF COMPANYS AFFAIRS
AND FUTURE OUTLOOK
Though challenging business environment continues but performance of the Company has been satisfactory and growth has been shown across business lines. With positive economic outlook for the country the Company is well prepared to take advantage of changing business scenario and is very hopeful to have accelerated growth in the next financial year 2015-16.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Deferred sales tax loan |
23.290 |
25.558 |
|
Other loans and advances |
2.551 |
2.585 |
|
Total |
25.841 |
28.143 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90093134 |
31/03/2005 |
500,000.00 |
THE UNITED WESTERN BANK LIMITED |
LAXMI ROAD, PUNE, Maharashtra - 411002, INDIA |
- |
|
2 |
90085814 |
26/06/2001 |
250,000.00 |
RUPEE CO OP BANK LTD |
BUDHAWAR PETH BRANCH, PUNE, Maharashtra - 411002, |
- |
|
3 |
90258481 |
30/03/1999 |
30,500,000.00 |
STATE BANK OF INDIA |
YELLAREDDYGUDA BRANCH, HYDERABAD, Andhra Pradesh - |
- |
|
4 |
90259780 |
02/01/1993 * |
31,200,000.00 |
SYNDICATE BANK |
I.F.B., RAJBHAVAN ROAD, HYDERABAD, Andhra Pradesh |
- |
|
5 |
90259753 |
17/04/1997 * |
29,300,000.00 |
STATE BANK OF MYSORE |
SECUNDERABAD, SECUNDERABAD, Andhra Pradesh, INDIA |
- |
|
6 |
90258228 |
25/02/1995 * |
40,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, RAJBHAVAN ROAD, HYDERABAD, Andhra Pradesh,
INDIA |
- |
|
7 |
90258103 |
04/08/1995 |
20,000,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CORP. INDIA L |
163; BACKBAY RECLMATION, BOMBAY, Maharashtra - 400020, INDIA |
- |
|
8 |
90261195 |
10/09/1993 * |
97,900,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, RAJBHAWAN ROAD, HYDERA |
- |
|
9 |
90261159 |
10/09/1993 * |
40,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, RAJBHAWAN ROAD, HYDERABAD, Andhra Pradesh -
500482, INDIA |
- |
|
10 |
90259635 |
15/07/1994 |
5,000,000.00 |
ANDHRA BANK |
PRAKASHMNAGAR BRANCH, HYDERABAD, Andhra Pradesh, INDIA |
- |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Leasehold improvements
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.66.20 |
|
|
1 |
Rs.98.29 |
|
Euro |
1 |
Rs.72.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
AMT |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
65 |
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.