MIRA INFORM REPORT
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Report No. : |
303243 |
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Report Date : |
14.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
SYRMA TECHNOLOGY PRIVATE LIMITED |
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Registered
Office : |
Unit No. 601, 6th Floor, Floral Deck Plaza, MIDC, Andheri
(East), Mumbai – 400093, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
23.08.2004 |
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Com. Reg. No.: |
11-148165 |
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Capital
Investment / Paid-up Capital : |
Rs.75.250 Millions |
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CIN No.: [Company Identification
No.] |
U30007MH2004PTC148165 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMS45407F |
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PAN No.: [Permanent Account No.] |
AAICS5745D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Electronic Components. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
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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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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having a satisfactory track record. The rating is constrained on account of intense competition from large
competitors and sluggish market conditions. However, financial position of the company seems to be decent. The rating also takes into consideration company’s established
relationships with its customer and long track in the domestic electronics
manufacturing industry. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. 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.
EXTERNAL AGENCY RATING
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 DENIED BY
|
Name : |
Mr. S. Vardharajan |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-44-71728625 |
|
Date : |
12.01.2014 |
LOCATIONS
|
Registered Office : |
Unit No. 601, 6th Floor, Floral Deck Plaza, MIDC, Andheri
(East), Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-40363000 |
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Fax No.: |
91-22-28291176 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
Plot No.B27, Phase II, Zone B, MEPZ-SEZ, Tambaram, Chennai – 600045,
Tamilnadu, India |
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Tel. No.: |
91-44-22628600/ 71728600 |
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Fax No.: |
91-44-22628612/ 71728612 |
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Overseas Offices : |
Located at:
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DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Sandeep Tandon |
|
Designation : |
Director |
|
Address : |
37, Merry Niketan, Mount Mary Road, Bandra (West), Mumbai - 400050,
Maharashtra, India |
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Date of Birth/Age : |
17.05.1969 |
|
Date of Appointment : |
29.12.2004 |
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DIN No.: |
00054553 |
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Name : |
Mr. Vasu Thirumalai |
|
Designation : |
Director |
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Address : |
A-603, Cascade Vasant Oscar, LBS Marg, Mulund (West), Mumbai –
400080, Maharashtra, India |
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Date of Birth/Age : |
02.03.1944 |
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Date of Appointment : |
29.11.2007 |
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DIN No.: |
00311691 |
KEY EXECUTIVES
|
Name : |
Mr. Narendra Kumar Nagori |
|
Designation : |
Secretary |
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Address : |
B-14, Building No. 5, Nalanda, Mittal Enclave, Naigaon [East], Vasai, Thane
– 401202, Maharashtra, India |
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Date of Birth/Age : |
07.02.1983 |
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Date of Appointment : |
18.06.2010 |
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PAN No.: |
AFSPN5761Q |
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|
|
|
Name : |
Mr. S. Vardharajan |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
As on 29.09.2014
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Veena Kumari Tandon |
|
2100 |
|
Tancom Electronics Private Limited, India |
|
522900 |
|
Total |
|
525000 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Tancom Electronics Private Limited, India |
|
700000 |
|
Total |
|
700000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
99.60 |
|
Directors or relatives of Directors |
0.40 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Electronic Components. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information denied by management |
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Bankers : |
State Bank of India, Commercial Branch, G.S.T. Road,
Guindy, Chennai - 600032, Tamil Nadu, India |
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Facilities : |
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Auditors : |
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Name : |
R. Subramanian and Company Chartered Accountants |
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Address : |
Flat No. 2, A Ramaniyam Nataraj, New No. 17, D
Silva Road, Mylapore, Chennai - 600004, India |
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PAN No.: |
AAAFR0602F |
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Memberships : |
-- |
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Collaborators : |
-- |
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Ultimate Holding
Company : |
CIN No.: U32107MH1988PTC047729 |
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Company under the
same Management : |
CIN No.: U32100MH1984PTC034033
CIN No.: U64202MH2001PTC236006
CIN No.: U74140MH1983PTC029383
CIN No.: U72900MH2006PTC163601
CIN No.: U30000MH1996PTC099112
CIN No.: U67120MH1979PTC021588
CIN No.: U67120MH1981PLC024831
CIN No.: U29192MH1998PTC231879
CIN No.: U74120MH1982PLC028823
CIN No.: U51900MH1998PTC114889
CIN No.: U72200MH2007PTC177089
CIN No.: U51900MH1996PLC101290
CIN No.: U15420MH1984PLC033242
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CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs.35.000 Millions |
|
900000 |
Preferences Shares |
Rs.100/- each |
Rs.90.000 Millions |
|
|
Total
|
|
Rs.125.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
525000 |
Equity Share |
Rs.10/- each |
Rs.5.250 Millions |
|
700000 |
Preferences Shares |
Rs.100/- each |
Rs.70.000 Millions |
|
|
Total |
|
Rs.75.250
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
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|
|
|
(a) Share Capital |
75.250 |
75.250 |
75.250 |
|
(b) Reserves & Surplus |
216.963 |
186.321 |
156.281 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
292.213 |
261.571 |
231.531 |
|
|
|
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(3)
Non-Current Liabilities |
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|
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|
(a) long-term borrowings |
76.528 |
97.811 |
77.402 |
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(b) Deferred tax liabilities (Net) |
14.611 |
14.134 |
8.659 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
5.265 |
4.165 |
6.781 |
|
Total Non-current
Liabilities (3) |
96.404 |
116.110 |
92.842 |
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(4)
Current Liabilities |
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|
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(a) Short
term borrowings |
139.693 |
203.686 |
270.448 |
|
(b) Trade
payables |
308.427 |
338.675 |
242.133 |
|
(c) Other current
liabilities |
62.900 |
73.806 |
136.996 |
|
(d) Short-term
provisions |
4.566 |
6.591 |
4.013 |
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Total Current
Liabilities (4) |
515.586 |
622.758 |
653.590 |
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TOTAL |
904.203 |
1,000.439 |
977.963 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
166.230 |
167.430 |
147.182 |
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(ii)
Intangible Assets |
0.787 |
1.166 |
2.048 |
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(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.265 |
2.926 |
3.315 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
170.282 |
171.522 |
152.545 |
|
|
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(2)
Current assets |
|
|
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(a)
Current investments |
20.000 |
0.000 |
0.000 |
|
(b)
Inventories |
248.003 |
250.711 |
248.275 |
|
(c) Trade
receivables |
220.755 |
381.963 |
360.673 |
|
(d) Cash
and cash equivalents |
69.314 |
40.606 |
67.899 |
|
(e)
Short-term loans and advances |
175.849 |
155.637 |
148.571 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
733.921 |
828.917 |
825.418 |
|
|
|
|
|
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TOTAL |
904.203 |
1,000.439 |
977.963 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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Income |
2427.000 |
2008.000 |
1727.400 |
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Other Income |
NA |
NA |
NA |
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TOTAL |
NA |
NA |
NA |
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EXPENSES |
NA |
NA |
NA |
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PROFIT/(LOSS)
BEFORE TAX |
41.719 |
45.731 |
42.656 |
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Less |
TAX |
11.077 |
15.691 |
5.867 |
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PROFIT/(LOSS)
AFTER TAX |
30.642 |
30.040 |
36.789 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
161.570 |
131.530 |
94.741 |
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BALANCE CARRIED
TO THE B/S |
192.212 |
161.570 |
131.530 |
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EARNINGS IN
FOREIGN CURRENCY |
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Export Earnings |
926.833 |
940.519 |
1119.600 |
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TOTAL EARNINGS |
926.833 |
940.519 |
1119.600 |
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IMPORTS |
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Raw Materials |
646.205 |
521.399 |
848.321 |
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TOTAL IMPORTS |
646.205 |
521.399 |
848.321 |
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Earnings /
(Loss) Per Share (Rs.) |
|
|
|
||
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|
Basic |
58.37 |
57.22 |
53.04 |
||
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Diluted |
43.77 |
42.91 |
53.04 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.26 |
1.50 |
2.13 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
4.61 |
4.57 |
4.36 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.17 |
0.18 |
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Debt Equity Ratio (Total Debt /Networth) |
|
0.74 |
1.15 |
1.50 |
|
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|
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|
Current Ratio (Current Asset/Current Liability) |
|
1.42 |
1.33 |
1.26 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
75.250 |
75.250 |
75.250 |
|
Reserves & Surplus |
156.281 |
186.321 |
216.963 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
231.531 |
261.571 |
292.213 |
|
|
|
|
|
|
Long Term borrowings |
77.402 |
97.811 |
76.528 |
|
Short Term borrowings |
270.448 |
203.686 |
139.693 |
|
Total
borrowings |
347.850 |
301.497 |
216.221 |
|
Debt/Equity
ratio |
1.502 |
1.153 |
0.740 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
1,727.400 |
2,008.000 |
2,427.000 |
|
|
|
16.244 |
20.867 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
1,727.400 |
2,008.000 |
2,427.000 |
|
Profit |
36.789 |
30.040 |
30.642 |
|
|
2.13% |
1.50% |
1.26% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long term debt |
8.162 |
0.000 |
0.000 |
|
Total |
8.162 |
0.000 |
0.000 |
|
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 |
No |
|
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 |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
Yes |
|
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 |
LITIGATION
DETAILS
|
Case Details |
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Bench: Bombay |
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Presentation
Date: |
21.02.2014 |
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Lodging No: |
CPL/97/2014 |
Filing Date: |
21.02.2014 |
Reg. No.: |
CP/294/2014 |
Reg. Date: |
21.04.2014 |
|
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Petitioner: JIANGSU SKYRUN WUXI CO. LTD Respondent: SYRMA TECHNOLOGY
PVT. LTD. |
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Petn. Adv : M/S. DHRUVE LILADHAR & CO. (151) Resp. Adv.: PDS LEGAL (826) |
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District: OUTSIDE MAHARASHTRA |
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Bench: SINGLE |
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Status: Pre-Admission
Category: COMPANY PETITION U/SEC 433,434,439 COMPANIES ACT |
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Next Date: 24.07.2014
Stage: FOR ADMISSION - FOB |
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Coram: HON’BLE SHRI JUSTICE S.J. KATHAWALLA |
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Last Date: 10.07.2014
Stage: FIRST ON BOARD [ORIGINAL SIDE MATTERS] |
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Coram: HON’BLE SHRI JUSTICE S.J. KATHAWALLA |
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|
Act: Companies Act & Rules 1956 UNDER SECTION: 433, 434 &
439 |
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UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
58.275 |
67.718 |
|
Total |
58.275 |
67.718 |
PERFORMANCE
REVIEW
During the year the Company had achieved a turnover of Rs.2427.000 Millions as compared to Rs.2008.000 Millions in the previous year.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10063394 |
22/05/2014 * |
522,000,000.00 |
State Bank of India |
Sme Guindy Branch, 65-A, G.S.T Road, Chennai, Tamil Nadu - 600032, India |
C06546493 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.62.10 |
|
|
1 |
Rs.94.09 |
|
Euro |
1 |
Rs.73.42 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
47 |
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.