MIRA INFORM REPORT
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Report No. : |
333671 |
|
Report Date : |
25.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
NORD DRIVESYSTEMS PRIVATE LIMITED |
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|
|
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Registered
Office : |
282/2, 283/3 Village Mann, Taluka Mulshi, Adj. Hinjewadi, MIDC Phase
II, Pune – 411 057, |
|
Tel. No.: |
91-20-39801200 |
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Country : |
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Financials (as
on) : |
31.12.2012 |
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Date of
Incorporation : |
21.03.2005 |
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Com. Reg. No.: |
11-020440 |
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Capital
Investment / Paid-up Capital : |
Rs. 234.000 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U29130PN2005PTC020440 |
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IEC No.: |
3105019723 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEN04783C |
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PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Drive Systems. |
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|
|
|
No. of Employees
: |
95 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
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 |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The management has failed to file its financial with the government
department for the year 2013 and FY 2014. As per the available financials of 2012, the rating takes into
consideration subjects moderate financial risk profile and accumulated losses
incurred by the company over a year. Business is active. Payments are reported to be slow. The company can be considered for business dealings on a fully safe
and secured business 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
|
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
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Prasanta Nath |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-20-39801200 |
|
Date : |
24.07.2015 |
LOCATIONS
|
Registered Office/Factory : |
282/2, 283/3 Village Mann Taluka, Mulshi, Adj Hinjewadi, MIDC Phase
II, Pune – 411 057, |
|
Tel. No.: |
91-20-39801200/39801201/39801203 |
|
Mobile No.: |
91-9765490890 (Ms. Jyoti Mishra) |
|
Fax No.: |
91-20-39801316/ 39801216 |
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E-Mail : |
|
|
Website : |
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|
Area : |
650 Sq.ft |
|
Location : |
Commercial |
|
|
|
|
Branch Office: |
Located at
|
DIRECTORS
As on 31.06.2012
|
Name : |
Mr. Dhanraj Murlidhar Kalbhor |
|
Designation : |
Director |
|
Address : |
Flat No. B-103, Sunder Sankul, S. No. 151/7/51B, Near Magarpatta City,
Hadapsar, Pune – 411007, Maharashtra, India |
|
Date of Birth/Age : |
03.10.1974 |
|
Date of Appointment : |
29.01.2010 |
|
PAN No.: |
AFHPK6778B |
|
DIN No.: |
03012362 |
|
|
|
|
Name : |
Mr. Muthu Palaniappan |
|
Designation : |
Managing Director |
|
Address : |
Plot No. 82, G. T. Nagar, Kattupakkam, Chennai-600056, Tamilnadu,
India |
|
Date of Birth/Age : |
18.05.1965 |
|
Date of Appointment : |
12.12.2011 |
|
DIN No.: |
05146301 |
KEY EXECUTIVES
|
Name : |
Mr. Prasanta Nath |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.06.2013
|
Names of Shareholders |
No. of Shares |
|
Getriebebau Nord GmbH and Company KG (Germany) [Occupation Company] |
23399998 |
|
Kuchenmeister Ullrich Nominee of Getrie Ebebau Nord GmbH and Company
KG |
1 |
|
Jutta Humbert Nominee of Getrie Ebebau Nord GmbH and Company KG |
1 |
|
Total |
23400000 |
As on 19.03.2014
|
Names of Allottees |
No. of Shares |
|
Getriebebau Nord GmbH and Company KG (Germany) [Occupation Company] |
26600000 |
|
Total |
26600000 |
Equity Share Break up (Percentage of Total Equity)
As on 26.06.2013
|
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Drive Systems. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products: |
Finished Good |
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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 : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers
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No. of Employees : |
95 (Approximately) |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Sharad and Company Chartered Accountants |
|
Address : |
Gokul Nagar, B, 1184/4, |
|
Tel. No.: |
91-20-25535405 / 25535426 |
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Fax No.: |
91-20-25536624 |
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E-Mail : |
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Website : |
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PAN.: |
AAEFS2401C |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company: |
Getriebebau Nord GmbH and Company KG, |
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|
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|
Associates : |
Nord (China) Power Transmission Company Limited, China |
CAPITAL STRUCTURE
As on 29.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs. 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs. 500.000 Million |
|
|
|
|
|
As on 31.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs. 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23400000 |
Equity Shares |
Rs.10/- each |
Rs. 234.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
234.000 |
97.181 |
|
(b) Reserves & Surplus |
|
(100.117) |
(90.864) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
136.819 |
|
Total
Shareholders’ Funds (1) + (2) |
|
133.883 |
143.136 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
11.619 |
57.353 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
1.286 |
0.699 |
|
Total Non-current
Liabilities (3) |
|
12.905 |
58.052 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
673.325 |
501.296 |
|
(c) Other
current liabilities |
|
91.940 |
87.782 |
|
(d) Short-term
provisions |
|
16.011 |
0.893 |
|
Total Current
Liabilities (4) |
|
781.276 |
589.971 |
|
|
|
|
|
|
TOTAL |
|
928.064 |
791.159 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
165.523 |
170.843 |
|
(ii)
Intangible Assets |
|
0.068 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
4.639 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
48.128 |
47.618 |
|
(d) Long-term Loan and Advances |
|
96.416 |
98.002 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
310.135 |
321.102 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
375.026 |
270.549 |
|
(c) Trade
receivables |
|
212.840 |
159.264 |
|
(d) Cash
and cash equivalents |
|
24.201 |
27.057 |
|
(e)
Short-term loans and advances |
|
5.862 |
13.187 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
617.929 |
470.057 |
|
|
|
|
|
|
TOTAL |
|
928.064 |
791.159 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
97.181 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(43.295) |
|
|
NETWORTH |
|
|
53.886 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
130.096 |
|
|
TOTAL BORROWING |
|
|
130.096 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
183.982 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
185.602 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
15.581 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
110.714 |
|
|
Sundry Debtors |
|
|
127.174 |
|
|
Cash & Bank Balances |
|
|
9.235 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
77.377 |
|
Total
Current Assets |
|
|
324.500 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
312.200 |
|
|
Other Current Liabilities |
|
|
22.972 |
|
|
Provisions |
|
|
6.755 |
|
Total
Current Liabilities |
|
|
341.927 |
|
|
Net Current Assets |
|
|
(17.427) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.226 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
183.982 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
699.789 |
|
|
|
|
|
Other Income |
3.785 |
4.933 |
|
|
|
|
TOTAL (A) |
703.574 |
566.356 |
475.392 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
690.294 |
621.322 |
421.034 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
13.280 |
(54.966) |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.584 |
2.531 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.696 |
(57.497) |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
21.459 |
22.109 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(9.763) |
(79.606) |
54.358 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.510) |
(32.037) |
15.302 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(9.253) |
(47.569) |
39.056 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(90.864) |
(43.295) |
(82.351) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(100.117) |
(90.864) |
(43.295) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Earnings |
NA |
2.409 |
1.407 |
|
|
TOTAL EARNINGS |
NA |
2.409 |
1.407 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.40) |
9.35 |
(4.46) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
Current Maturities of Long term debt |
48.531 |
46.274 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
89.432 |
(64.832) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
(1.32) |
(8.40) |
8.22
|
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
1.90 |
(9.79) |
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.11) |
(10.77) |
10.66
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.07) |
(0.56) |
1.01
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.45 |
0.72 |
2.41
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.79 |
0.80 |
0.95
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
97.181 |
234.000 |
|
Reserves & Surplus |
(90.864) |
(100.117) |
|
Money received against share
warrants |
0.000 |
0.000 |
|
Share Application money pending allotment |
136.819 |
0.000 |
|
Net
worth |
143.136 |
133.883 |
|
|
|
|
|
long-term borrowings |
57.353 |
11.619 |
|
Short term borrowings |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
46.274 |
48.531 |
|
Total
borrowings |
103.627 |
60.150 |
|
Debt/Equity
ratio |
0.724 |
0.449 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Sales |
475.392 |
566.356 |
703.574 |
|
|
|
19.135 |
24.228 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Sales |
475.392 |
566.356 |
703.574 |
|
Profit |
39.056 |
(47.569) |
(9.253) |
|
|
8.22% |
(8.40%) |
(1.32%) |
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 |
Yes |
|
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 |
Yes |
|
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 |
No |
|
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 |
NOTE:
The registered office of the company has been shifted from 21, Vedas Centre, D. P. Road, Aundh, Pune-411007, Maharashtra, India to present address w.e.f. 16.07.2007
UNSECURED LOANS:
|
Particulars |
31.12.2012 Rs. In Million |
31.12.2011 Rs. In Million |
|
Foreign currency term loans from others |
11.619 |
57.535 |
|
Total |
11.619 |
57.353 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10099522 |
28/01/2008 |
25,000,000.00 |
UNION BANK OF INDIA |
D P ROAD, AUNDH, PUNE- 411007, MAHARASHTRA, INDI |
A36923696 |
* Date of charge modification
FIXED ASSETS:
- Leasehold Improvements
- Security Cabin
- Furniture and Fitting
- Electrical Installation
- Factory Equipments
- Factory Furniture and Fixture
- Plant and Machinery
- Computers
- Office Equipments
- Motor Vehicles
- Networking and IT Equipment
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. 63.89 |
|
|
1 |
Rs. 99.10 |
|
Euro |
1 |
Rs. 70.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--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 |
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 |
|
11 |
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.