MIRA INFORM REPORT
|
Report No. : |
309092 |
|
Report Date : |
23.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
TERACOM LIMITED (w.e.f. 29.05.2006) |
|
|
|
|
Formerly Known
As : |
TERACOM
PRIVATE LIMITED (w.e.f. 15.03.2002) TOP CHOICE DETERGENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.250, Kundaim Industrial Estate, Kundaim, Goa – 403 115 |
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|
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Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
09.02.2001 |
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|
|
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Com. Reg. No.: |
24-002950 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.124.797
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24241GA2001PLC002950 |
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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.] |
AABCT5254B |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of electrical and electronic connectors, optical fiber
cables, fiber cables, fiber optic adapter and patch cords. |
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|
|
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (15) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and Delayed |
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|
|
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The company has failed to file its financials for the year 2013-2014
with government department. As per available financials of 2012-2013 the company has incurred
losses. The rating also takes into consideration the delay done in meeting its
debt obligation. However, trade relations are fair. Business is active. Payment terms
are reported to be slow and delayed. The company can be considered for business dealings on safe 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: D |
|
Rating Explanation |
Lowest credit quality very low prospects of recovery. |
|
Date |
October 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: D |
|
Rating Explanation |
Lowest credit quality very low prospects of recovery. |
|
Date |
October 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Nitin |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-832-23961665 |
|
Date : |
20.02.2015 |
LOCATIONS
|
Registered Office/ Factory 1: |
Plot No.250, Kundaim Industrial Estate, Kundaim, Goa – 403 115, India |
|
Tel. No.: |
91-832-3208260/ 3206879 |
|
Fax No.: |
91-832-2396165 |
|
E-Mail : |
Telecom Enquiries: sales@teracom.in
Tablets, 3G
Datacard and ADSL2+Modems: sales@teracom.in This e-mail address is being protected from spambots. You
need JavaScript enabled to view it. Telecom Turnkey
Solution: info@teracomturnkey.in Security
Surveillance Solutions: info@teracom.in Power Cables: mkanakrajan@teracom.in
Power Conductors: myadav@terexel.com
Power Turnkey
Solutions: salespp@teracom.in |
|
Website : |
|
|
|
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Corporate Office : |
“Teracom House”, B-84, Sector-60, Noida – 201 301, Uttar Pradesh,
India |
|
Tel. No.: |
91-120-3290587/ 3290672/ 3021003/ 3021004 |
|
Fax No.: |
91-120-2585422/ 2582053 |
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|
|
|
Factory 2 : |
Plot No.17 to 19 and 52 to 54, Sector-5, Integrated Industrial Estate,
Pant Nagar – 263 145, Uttaranchal, India |
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Tel. No.: |
91-5944-250338 |
|
Fax No.: |
91-5944-250194 |
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Location : |
Owned |
|
|
|
|
Factory 3 : |
102, 170, 249 and 251, Kundaim Industrial Estate, Kundaim, Goa – 403
115, India |
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|
|
|
Overseas Office : |
C1-905, Ajman Free Zone - 40062, Dubai, United Arab Emirates |
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|
|
Sales Office : |
Located at: ·
Chennai ·
Mumbai ·
Kolkata |
DIRECTORS
As on 30.11.2013
|
Name : |
Mr. Mukesh Arora |
|
Designation : |
Managing Diretor and Chirman |
|
Address : |
B-26, Sector – 36, Noida – 201301, Uttar APradesh, India |
|
Date of Birth/Age : |
27.05.1966 |
|
Date of Appointment : |
30.03.2003 |
|
DIN No.: |
01072375 |
|
Election ID Card No.: |
FIF3810959 |
|
|
|
|
Name : |
Mr. Rajeev Venkatraman |
|
Designation : |
Whole-time Director |
|
Address : |
F-59, Medha Apartments, Mayur Vihar, Phase-I, Delhi – 110 091, India |
|
Date of Birth/Age : |
26.06.1970 |
|
Qualification : |
B.
Tech, MBA |
|
Date of Appointment : |
22.02.2002 |
|
DIN No.: |
01039823 |
|
Election ID Card No.: |
KND0047481 |
|
PAN No.: |
AAHPV0183A |
|
|
|
|
Name : |
Mr. Sukhdev Raj Sharma |
|
Designation : |
Nominee Director |
|
Address : |
308, R.C.S. Society, Sector 48-A, Chandigarh – 160 046, India |
|
Date of Birth/Age : |
01.06.1955 |
|
Date of Appointment : |
06.11.2012 |
|
DIN No.: |
02135083 |
|
|
|
|
Name : |
Mr. Anand Kumar Shukla |
|
Designation : |
Director |
|
Address : |
I-80, SDector-27, Noida – 201 301, Uttar Pradesh, India |
|
Date of Birth/Age : |
16.08.1973 |
|
Date of Appointment : |
30.11.2013 |
|
DIN No.: |
02122041 |
|
|
|
|
Name : |
Mr. Anuj Kumar Giri |
|
Designation : |
Director |
|
Address : |
S-197, Pandav Nagar, Near Rajendra Ashram, Delhi – 110 092, India |
|
Date of Birth/Age : |
17.01.1980 |
|
Date of Appointment : |
30.11.2013 |
|
DIN No.: |
02263333 |
KEY EXECUTIVES
|
Name : |
Mr. Nitin |
|
Designation : |
Finance Manager |
|
|
|
|
Name : |
Mr. Uday Shankar Prasad |
|
Designation : |
Company Secretary |
|
Address : |
A-13, Archana Enclave, Khoda Colony, Noida – 201 301, Uttar Pradesh,
India |
|
Date of Birth/Age : |
02.12.1982 |
|
Date of Appointment : |
24.05.2013 |
|
PAN No. : |
BDHPP5129A |
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E-Mail: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.11.2013
SHAREHOLDING DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.11.2013
|
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 |
14.56 |
|
Bodies corporate |
5.39 |
|
Directors or relatives of Directors |
58.82 |
|
Other top fifty shareholders |
21.23 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of electrical and electronic connectors, optical fiber
cables, fiber cables, fiber optic adapter and patch cords. |
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Products/ Services : |
·
Multi-Tube Armored/Dielectric
Cable ·
Uni-Tube
Armored/Dielectric Cable ·
FRP Rods · Aluminium Wire Rods |
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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 : |
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Products : |
Raw material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash and Cheque (60 Days) |
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Purchasing : |
Cash and Cheque (60 Days) |
PRODUCTION STATUS AS ON (31.03.2011):
|
Particulars |
Unit |
Licenced Capacity |
Installed
Capacity |
Actual
Production |
|
Optical Fibre Cable |
Kms. Unitube |
N.A. |
34272 |
28219.515 |
|
FRP Rods |
Kms |
N.A. |
200000 |
126596.440 |
|
Customer Premise and other Telecom equipments |
Nos. |
N.A. |
200000 |
517279 |
|
Transmission Equipments |
Nos. |
N.A. |
2500 |
547 |
|
Power Cable |
CKms |
N.A. |
30000 |
3745.837 |
|
House Wire |
CKms |
N.A. |
41400 |
1256.884 |
|
Conductor |
MT |
N.A. |
15000 |
14340.910 |
|
Ariel Bunched Cable |
CKms |
N.A. |
10000 |
1502.919 |
|
Aluminium Wire Rod |
MT |
N.A. |
12000 |
594.272 |
Notes:
· As none of the company’s products are covered under licensing requirements of the new Industrial policy the licensed capacity is being treated and disclosed as ‘N.A’ i.e. Not Applicable. Installed capacity is taken as certified by the management being a technical matter.
· The installed capacity of optical fibre cable is based on number of fibre in the cable and is calculated on 12 Fibre Unitube Cable.
· The installed capacity of Power Cable and Ariel Bunched cable is on the basis of Core Kms.
· FRP Rods 36797.248 Kms has been captivity consumed out of the total production.
· Aluminum Wire Rod 54.062 MT has been captivity consumed out of the total production.
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End users
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
S. Vaish and Company Chartered Accountants |
|
Address : |
169 Golf Links, Delhi – 110003, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAJFS6153M |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
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Subsidiary company |
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|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives |
|
CAPITAL STRUCTURE
AFTER 30.11.2013
Authorised Capital : Rs. 500.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 146.686
Millions
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
43500000 |
Equity Shares |
Rs.10/- each |
Rs.435.000 millions |
|
1000000 |
Preference
shares |
Rs.100/- each |
Rs.100.000 millions |
|
|
Total |
|
Rs.535.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
12479650 |
Equity Shares |
Rs.10/- each |
Rs.124.797
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 (6 Months) |
30.09.2012 (18 Months) |
31.03.2011 (12 Months) |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
124.797 |
124.797 |
124.797 |
|
(b) Reserves & Surplus |
945.319 |
1422.541 |
2420.050 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Deferred government grants |
2.144 |
2.358 |
0.000 |
|
Total Shareholders’ Funds (1) +
(2) |
1072.260 |
1549.696 |
2544.847 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2382.029 |
2706.128 |
401.990 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
54.322 |
|
(c) Other long term liabilities |
845.982 |
811.049 |
829.475 |
|
(d) long-term provisions |
8.449 |
10.117 |
37.323 |
|
Total Non-current Liabilities
(3) |
3236.460 |
3527.294 |
1323.110 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1328.611 |
933.688 |
1748.376 |
|
(b) Trade payables |
1892.938 |
2329.147 |
2899.313 |
|
(c) Other current liabilities |
776.515 |
398.139 |
1106.182 |
|
(d) Short-term provisions |
2.279 |
4.510 |
4.820 |
|
Total Current Liabilities (4) |
4000.343 |
3665.484 |
5758.691 |
|
|
|
|
|
|
TOTAL |
8309.063 |
8742.474 |
9626.648 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1884.279 |
1931.776 |
1624.327 |
|
(ii) Intangible Assets |
6.644 |
8.553 |
14.207 |
|
(iii) Capital work-in-progress |
88.332 |
87.301 |
427.544 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.870 |
0.870 |
0.870 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
145.452 |
144.096 |
136.320 |
|
(e) Other Non-current assets |
2002.135 |
1947.216 |
1148.683 |
|
Total Non-Current Assets |
4127.712 |
4119.812 |
3351.951 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
525.129 |
1098.518 |
1049.295 |
|
(c) Trade receivables |
3010.878 |
2780.002 |
4316.950 |
|
(d) Cash and cash equivalents |
49.323 |
85.609 |
210.832 |
|
(e) Short-term loans and
advances |
554.187 |
589.900 |
512.098 |
|
(f) Other current assets |
41.834 |
68.633 |
185.522 |
|
Total Current Assets |
4181.351 |
4622.662 |
6274.697 |
|
|
|
|
|
|
TOTAL |
8309.063 |
8742.474 |
9626.648 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 (6 Months) |
30.09.2012 (18 Months) |
31.03.2011 (12 Months) |
|
|
SALES |
|
|
|
|
|
Income |
1603.597 |
5816.651 |
8177.741 |
|
|
Other Income |
3.810 |
93.305 |
38.130 |
|
|
TOTAL (A) |
1607.407 |
5909.956 |
8215.871 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1173.506 |
3954.948 |
4466.273 |
|
|
Purchases of Stock-in-Trade |
257.638 |
1278.375 |
2496.812 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
164.442 |
161.415 |
(287.829) |
|
|
Employees benefits expense |
60.632 |
245.297 |
200.789 |
|
|
Other expenses |
123.948 |
522.313 |
523.038 |
|
|
Prior Period Items |
0.000 |
0.000 |
3.459 |
|
|
Extraordinary items |
0.000 |
(139.482) |
(2.311) |
|
|
TOTAL (B) |
1780.166 |
6022.866 |
7400.231 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
(172.759) |
(112.910) |
815.640 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
254.558 |
804.155 |
415.904 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
(427.317) |
(917.065) |
399.736 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
48.446 |
130.390 |
93.849 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
(475.763) |
(1047.455) |
305.887 |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
(54.322) |
40.745 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
(475.763) |
(993.133) |
265.142 |
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
(178.900) |
814.200 |
521.700 |
|
|
|
|
|
|
|
|
Balance Carried to the B/S |
(654.700) |
(178.900) |
814.200 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(Rs.) |
(38.12) |
(79.58) |
21.25 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013
(6
Months) |
30.09.2012
(18 Months) |
31.03.2011
(12 Months) |
|
Net Profit Margin (PAT / Sales) |
(%) |
(29.67) |
(17.07) |
3.24 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(10.77) |
(1.94) |
9.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.79) |
(12.10) |
3.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.44) |
(0.68) |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.46 |
2.35 |
0.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05 |
1.26 |
1.09 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
30.09.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
124.797 |
124.797 |
124.797 |
|
Reserves & Surplus |
2420.050 |
1422.541 |
945.319 |
|
Net
worth |
2544.847 |
1547.338 |
1070.116 |
|
|
|
|
|
|
long-term borrowings |
401.990 |
2706.128 |
2382.029 |
|
Short term borrowings |
1748.376 |
933.688 |
1328.611 |
|
Total
borrowings |
2150.366 |
3639.816 |
3710.640 |
|
Debt/Equity
ratio |
0.845 |
2.352 |
3.468 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
30.09.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
8177.741 |
5816.651 |
1603.597 |
|
|
|
(28.872) |
(72.431) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
30.09.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
8177.741 |
5816.651 |
1603.597 |
|
Profit |
265.142 |
(993.133) |
(475.763) |
|
|
3.24% |
(17.07%) |
(29.67%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2013
(6
Months) |
30.09.2012
(18 Months) |
31.03.2011
(12 Months) |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
466.745 |
139.681 |
331.264
|
|
|
|
|
|
|
Total |
466.745 |
139.681 |
331.264
|
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
REVIEW OF OPERATION
During the Financial Year (period of six months) the Gross sales and other income was Rs. 1683.300 Millions against Rs. 6082.200 Millions during previous year (period of 18 months). The revenue growth has been lacking largely due to over all slowdown in industry as such in both the Infrastructure sectors catered by the company i.e. Power and Telecom. The slowdown in Telecom and Power sector has worsened during last 2 years, due to various government policies. The Global economic downturn in general and weakening of Indian rupees in particular resulted in unprecedented forex loss.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
30.09.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Term loans from ban |
299.099 |
321.175 |
|
Other loans and advances |
35.000 |
35.000 |
|
Short-term
borrowings |
|
|
|
Other loans and advances |
8.154 |
0.000 |
|
Total |
342.253 |
356.175 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION
|
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10235382 |
11/12/2012 * |
228,600,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B65666349 |
|
2 |
10203649 |
06/02/2010 |
150,000,000.00 |
BANK OF INDIA |
NOIDA BRANCH,
E-52/B, SECTOR-9, NOIDA, UTTAR PRAD |
A79605820 |
|
3 |
10176717 |
09/03/2010 * |
57,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORRATE
BRANCH, TOLSTOY HOUSE, TOLSTOY M |
B69419620 |
|
4 |
10152783 |
31/03/2011 * |
251,550,000.00 |
STANDARD CHARTERED BANK |
(ACTING AS AN
SECURITY AGENT SCB, SINGAPOR), CRC, |
B09943390 |
|
5 |
10152355 |
08/09/2009 * |
275,000,000.00 |
STANDARD CHARTERED BANK ACTING AS A SECURITY AGENT |
OF STANDARD
CHARTERED BANK, SINGAPORE, CRC, NARAI |
A70566724 |
|
6 |
10133093 |
05/01/2010 * |
6,525,000,000.00 |
PUNJAB NATIONAL BANK(LEAD BANK) |
B O : LARGE
CORPORATE BRANCH, TOLSTOY HOUSE, TOLS |
A76552942 |
|
7 |
10106543 |
04/01/2013 * |
6,867,500,000.00 |
PUNJAB NATIONAL BANK (LEAD BANK) |
BO: LARGE CORPORATE
BRANCH, TOLSTOY HOUSE, TOLSTO |
B69425890 |
|
8 |
10087700 |
17/06/2008 * |
1,385,049,581.62 |
SOJITZ CORPORATION |
1-20, AKASAKA,
6-CHOME,, MINATO-KU,, TOKYO, - 10 |
A42076588 |
|
9 |
10042682 |
25/06/2009 * |
6,000,000,000.00 |
PUNJAB NATIONAL BANK(LEAD BANK) |
B.O.: LARGE CORPORATE
BRANCH, TOLSTOY HOUSE, TOLS |
A64770514 |
|
10 |
10042679 |
05/01/2010 * |
6,525,000,000.00 |
PUNJAB NATIONAL BANK |
B O LARGE CORPORATE
BRANCH, TOLSTOY HOUSE, TOLSTO |
A76552280 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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,
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.62.26 |
|
|
1 |
Rs.96.01 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
PAT |
|
|
|
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
15 |
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.