MIRA INFORM REPORT
|
Report No. : |
302695 |
|
Report Date : |
14.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
AVALON
TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B–7/8, First Main Road,
MEPZ-SEZ, Tambaram, Chennai – 600045, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
03.11.1999 |
|
|
|
|
Com. Reg. No.: |
18-043479 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13.015 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007TN1999PTC043479 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEA07378A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA4147K |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Electronic Components. |
|
|
|
|
No. of Employees
: |
2000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2643000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The management has failed to file its financial with government
department for the year 2014. Further with government of companies the date
of balance sheet (i.e. financial filed) is shown as 31.03.2013 but the
documents related to financials are not available for any sources. As per available financial records of 2012, general financial position
of the company seems to be sound. However, trade relations are fair. Business is active. Payments are
reported to be unknown. The company can be considered for business dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Sylvester |
|
Designation : |
General Manager Finance |
|
Contact No.: |
91-44-42220400 |
|
Date : |
12.01.2015 |
LOCATIONS
|
Registered Office / Warehouse : |
B–7/8, First Main Road,
MEPZ-SEZ, Tambaram, Chennai – 600045, Tamilnadu, India |
|
Tel. No.: |
91-44-22620095-96/42220400/42200524/42220512 |
|
Fax No.: |
91-44-22620097/22620092/22620097 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Overseas Office: |
2130, Tel No :- 408 957 8885 (Extension 215) Fax No :- 408 957 8886 E-mail :- gerhardmueller@avalontec.com
Phone :510-440-0200 Fax :510-440-0201 E-mail :sales@siennagroup.com |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Thayagath
Puthan Vettil Imbichammad |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
104 Defence Officers Colony,
Chennai-600097, Tamilnadu, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.04.1938 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.11.1999 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN : |
00634769 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Pallikadidy Maliyakkal Mariyambicha |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
104 Defence Officers Colony,
Chennai-600097, Tamilnadu, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.08.1948 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.11.1999 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN : |
00635028 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kunhammad Bicha |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1092 Yarwood Court Sanjose, California,
U.S.A. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.04.1968 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Ceasing : |
03.11.1999 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN : |
00819707 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Srinivasan Bhaskar |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1092 Yarwood Court Sanjose, California,
U.S.A. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.06.1966 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.11.1999 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN : |
02561215 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sareday Seshu Kumar |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
3, 3rd Main Road, Indira Nagar,
Adyar,Chennai-600020, Tamilnadu, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.01.1969 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.09.2001 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN : |
01646703 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Anand Kumar |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
3, Gajapathy Road, Kilpauk, Chennai –
600010, Tamilnadu, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.10.1967 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2006 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN : |
00818724 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shamil Bicha Maliyakal |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
104 Defence, Chennai – 600097, Tamilnadu,
India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.08.1974 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2006 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN : |
01854618 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVE
|
Name : |
Mr. Sylvester |
|
Designation : |
General Manager Finance |
MAJOR SHAREHOLDERS
As on 29.09.2012
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Thayagath Puthan Vettil Imbichammad |
62500 |
48.02 |
|
Pallikadidy Maliyakkal Mariyambicha |
1250 |
0.96 |
|
Srinivasan Bhaskar |
50000 |
38.42 |
|
Sareday Seshu Kumar |
11250 |
8.64 |
|
Anand Kumar |
5150 |
3.96 |
|
Total |
130150 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Electronic Components. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Electronic Components |
|
Countries : |
·
USA ·
Belgium ·
Netherland |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Hong Kong ·
Singapore ·
China ·
Korea |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
2000 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Varma and Varma Chartered Accountants |
|
Address : |
Sreela Terrace, 105, 1st |
|
Tel
No.: |
91-44-24452239/
24423496 |
|
Fax No.: |
91-44-24454234 |
|
Email : |
|
|
PAN No.: |
AANPS1927M |
|
|
|
|
Associates : |
Sienna Corporation, United States |
|
|
|
|
|
·
Sienna Technology and Services Private Limited CIN No.: U72100TN2008PTC068956 ·
Avalon Technology and Services Private Limited CIN No.: U72100TN2008PTC068955 ·
Sienna E Card Technologies Private Limited CIN No.: U30007KA1997PTC022754 |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs. 100/- each |
Rs. 20.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
130150 |
Equity Shares |
Rs. 100/- each |
Rs. 13.015 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
13.015 |
13.015 |
|
(b) Reserves & Surplus |
|
647.750 |
501.654 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
0.000 |
0.000 |
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
660.765 |
514.669 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
22.823 |
18.632 |
|
(b) Deferred tax liabilities (Net) |
|
5.084 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
67.880 |
4.245 |
|
Total Non-current
Liabilities (3) |
|
95.787 |
22.877 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
754.320 |
596.506 |
|
(b) Trade
payables |
|
269.922 |
305.085 |
|
(c) Other
current liabilities |
|
28.040 |
48.530 |
|
(d) Short-term
provisions |
|
54.524 |
23.851 |
|
Total Current
Liabilities (4) |
|
1106.806 |
973.972 |
|
|
|
|
|
|
TOTAL |
|
1863.358 |
1511.518 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
313.653 |
186.177 |
|
(ii)
Intangible Assets |
|
24.064 |
3.518 |
|
(iii)
Capital work-in-progress |
|
13.125 |
44.044 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
2.770 |
|
(d) Long-term Loan and Advances |
|
16.183 |
10.367 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
367.025 |
246.876 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
460.476 |
410.148 |
|
(c) Trade
receivables |
|
939.545 |
736.555 |
|
(d) Cash
and cash equivalents |
|
42.458 |
55.027 |
|
(e)
Short-term loans and advances |
|
53.854 |
62.912 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
1496.333 |
1264.642 |
|
|
|
|
|
|
TOTAL |
|
1863.358 |
1511.518 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
13.015 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
426.517 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
439.532 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
509.146 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
509.146 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
948.678 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
216.497 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
3.110 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
355.603 |
|
|
Sundry Debtors |
|
|
532.710 |
|
|
Cash & Bank Balances |
|
|
18.885 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
54.796 |
|
Total
Current Assets |
|
|
961.994 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
194.718 |
|
|
Other Current Liabilities |
|
|
17.957 |
|
|
Provisions |
|
|
20.248 |
|
Total
Current Liabilities |
|
|
232.923 |
|
|
Net Current Assets |
|
|
729.071
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
948.678 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1960.729 |
1739.743 |
1190.628 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1880.561 |
1643.127 |
1022.860 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
109.113 |
96.616 |
77.209 |
|
|
|
|
|
|
|
|
|
|
TAX |
27.921 |
21.479 |
18.081 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
81.192 |
75.137 |
59.128 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
|
1663.548 |
1116.260 |
|
|
|
Interest |
|
12.225 |
10.459 |
|
|
TOTAL EARNINGS |
1644.447 |
1675.773 |
1126.719 |
|
|
|
|
|
|
|
|
|
|
IMPORT VALUE |
NA |
1092.876 |
772.757 |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (Rs.) |
623.83 |
577.31 |
454.00 |
|
|
Particulars |
|
31.03.2014 |
31.03.201 |
|
Sales Turnover (Approximately) |
|
2530.000 |
2410.000 |
Expected Sales (2014-2015): Rs.3000.000 Millions
The above information has been parted by Mr. Sylvester
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.14
|
4.32 |
4.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.21
|
7.58 |
6.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.19 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.04
|
0.09 |
0.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35
|
1.38 |
4.13 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
five years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGE:
|
SR. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10397511
|
17/12/2012
|
440,000,000.00
|
AXIS
BANK LIMITED |
CBB,
KARUMUTHU NILAYAM, NO.192, ANNA SALAI, CHENNAI, TAMIL NADU - 600002, INDIA |
B66069477
|
|
2 |
10350556
|
01/03/2012
|
276,000,000.00
|
BANK
OF INDIA |
CHENNAI
MID CORPORATE BRANCH,826/6, ANNA SALAI, |
B37835337
|
|
3 |
10342195
|
29/02/2012
|
250,000,000.00
|
STANDARD
CHARTERED BANK |
19, RAJAJI
SALAI,, CHENNAI, TAMIL NADU - 600001, |
B35030923
|
|
4 |
10337056
|
06/03/2012
* |
600,000,000.00
|
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B38378337
|
|
5 |
10108262
|
12/03/2009
* |
105,000,000.00
|
3I
INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD
TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK, TOWER NO.5, VASHI RAILWAY STATION
COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
A59253278
|
|
6 |
10091275
|
03/01/2011
* |
556,100,000.00
|
3I
INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD
TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK, TOWER NO.5, VASHI RAILWAY STATION
COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
B02507598
|
* Date of charge modification
OPERATIONAL
REVIEW:
During the year
the Company has achieved a turnover of Rs. 1960.729 Millions as compared to the
last year of Rs. 1739.743 Millions and resulted with a Net Profit after tax of
Rs.81.192 Millions as compared to the last years' Net Profit of Rs. 75.137
Millions.
FIXED ASSETS:
- Machinery
- Air Conditioner
- Computers
- Cycle
- Electrical Fittings
- Furniture and Fittings
- Vehicles
- Office Equipment
- Fire Protection Equipment
- Weighing Machine
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 records 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.62.10 |
|
|
1 |
Rs.94.10 |
|
Euro |
1 |
Rs.73.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
PTP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
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 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.