MIRA INFORM REPORT
|
Report No. : |
324831 |
|
Report Date : |
06.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MINDA INDUSTRIES LIMITED |
|
|
|
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Registered
Office : |
B-64/1,
Wazirpur Industrial Area, Delhi - 110 052 |
|
Tel. No.: |
91-11-2737 4444 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
16.09.1992 |
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Com. Reg. No.: |
11-050333 |
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Capital
Investment / Paid-up Capital : |
Rs. 193.654 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
L74899DL1992PLC050333 |
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IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM12237B DELM08257E |
|
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PAN No.: [Permanent Account No.] |
AAACM1152C |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
The Company is engaged in the business of manufacturing of auto
components including auto electrical parts and its accessories. |
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No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 10000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by
adequate liquidity position and sound profitability margins of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
SP = A |
|
Rating Explanation |
High Performance capability and highest financial strength |
|
Date |
March 2015 |
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 DENIED BY
|
Name : |
Mr. Sudhir Jain |
|
Designation : |
Chief Financial Officer |
|
Contact No.: |
91-12-42290427 |
|
Date : |
27.05.2015 |
LOCATIONS
|
Registered Office : |
B-64/1,
Wazirpur Industrial Area, |
|
Tel. No.: |
91-11-2737 4444 |
|
Mobile No.: |
Not Available |
|
Fax No.: |
91-124
2290676/95 |
|
E-Mail : |
General Queries: info@mindagroup.com |
|
Website : |
www.mindagroup.com |
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|
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Corporate
Office/ Factory 1 : |
Village Nawada Fatehpur, P.O. Sikanderpur Badda, IMT
Manesar, District – Gurgaon – 122 004, |
|
Tel. No.: |
91-124-2290427/ 2290428/ 2290674/ 2290675/
2290693/ 2290698 |
|
Fax No.: |
91-124-2290676 |
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E-Mail : |
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Administrative Office : |
37, Rajasthan Udyog Nagar, New Delhi - 110 033, India |
|
Tel. No.: |
91-11-27244324/
27142820/ 27432450/ 27437964 |
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Fax No.: |
91-11-27212182/
27241524 |
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Factory 2 : |
34-35 Km, |
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Factory 3 : |
Village Naharpur Kasan, P.O. Nakhrola, District
Gurgaon, |
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Factory 4 : |
B-6, Chakan Industrial Area, Village-Mahalunge,
Taluka-khed, District Pune, Maharashtra, India |
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Factory 5 : |
B-1/5, Chakan Industrial Area, Village-Mahalunge,
Taluka-khed, District Pune, Maharashtra, India |
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Factory 6 : |
Plot No. 5, Sector-10, IIE, Pant Nagar, Udham
Singh Nagar, |
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Factory 7 : |
Survey No: 209, Upparpally Village, Mathagndapalli
Post, Thally Road Hosur, Tamil Nadu, India |
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Factory 8 : |
A-13,
MIDC Waluj, Aurangabad, Maharashtra, India |
DIRECTORS
AS ON: 31.03.2014
|
Name : |
Mr. Nirmal K. Minda |
|
Designation : |
Chairman and Managing
Director |
|
Date of Birth/Age : |
55 Years |
|
Qualification : |
B.Sc. |
|
Past Experience : |
Rich experience in auto components industry of more than 32 years. |
|
|
|
|
Name : |
Mr. Anand Kumar Minda |
|
Designation : |
Director |
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|
|
|
Name : |
Mr. S.K. Arya |
|
Designation : |
Director |
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Date of Birth/Age : |
10.11.1957 |
|
Qualification : |
B.Sc. |
|
Experience in
special functional area : |
Industrialist |
|
Date of
Appointment : |
29.01.2003 |
|
|
|
|
Name : |
Mr. Alok Dutta |
|
Designation : |
Director |
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|
|
|
Name : |
Mr. Rakesh Sony |
|
Designation : |
Director |
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|
|
|
Name : |
Mr. Satish Sekhri |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
H.C. Dhamija |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 31.03.2015
|
Category of
Shareholder |
Total
No. of Shares |
%
of Total No. of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
||
|
|
|
|
|
|
6797483 |
42.84 |
|
|
4429570 |
27.92 |
|
|
21646 |
0.14 |
|
|
21646 |
0.14 |
|
|
11248699 |
70.90 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
11248699 |
70.90 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
448723 |
2.83 |
|
Financial Institutions/Banks |
3605 |
0.02 |
|
Foreign Institutional Investors |
4650 |
0.03 |
|
|
|
|
|
|
456978 |
2.88 |
|
|
|
|
|
|
1208918 |
7.62 |
|
|
|
|
|
|
809271 |
5.10 |
|
|
687110 |
4.33 |
|
|
1454380 |
9.17 |
|
|
19288 |
0.12 |
|
|
36326 |
0.23 |
|
|
1963 |
0.01 |
|
|
1346228 |
8.49 |
|
|
50575 |
0.32 |
|
|
4159679 |
26.22 |
|
Total Public shareholding (B) |
4616657 |
29.10 |
|
Total (A)+(B) |
15865356 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Not Divulged |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management
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Bankers : |
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Facilities : |
(Rs.
In Million)
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|
Auditors : |
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|
Name : |
BSR AND Company Chartered Accountant |
|
Address : |
Building No. 10, 8th Floor, Tower B, DLF Cyber City,
Phase-II, Gurgaon-122002, India |
|
Tel. No.: |
91-124-2549191 |
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Fax No.: |
91-124-2549101 |
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|
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Internal Auditors : |
Protiviti Consulting |
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|
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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Subsidiaries : (As on: 31.03.2014) |
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|
|
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Associates : (As on
:31.03.2014) |
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Joint ventures (jointly
controlled entities) : (As on
:31.03.2014) |
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Depositories : (As on
:31.03.2014) |
|
CAPITAL STRUCTURE
As on: 31.03.2015
Authorized Capital: Not Available
Issued, Subscribed & Paid-up Capital: Rs. 193.654
Million
AS ON: 31.03.2014
Authorized Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
63500000 |
Equity Shares |
Rs.10/- each |
Rs. 635.000 Million |
|
3000000 |
9% Cumulative redeemable preference shares |
Rs.10/- each |
Rs. 30.000 Million |
|
183500 |
3% Cumulative compulsorily convertible preference shares |
Rs.2/- each |
Rs. 401.314 Million |
|
3500000 |
3% Cumulative redeemable preference shares |
Rs.10/- each |
Rs. 35.000 Million |
|
10000000 |
1% Non-cumulative fully convertible preference shares |
Rs.10/- each |
Rs. 100.000Million |
|
|
Total |
|
Rs.
1201.314 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15865356 |
Equity Shares |
Rs.10/- each |
Rs. 158.654
Million |
|
3500000 |
3% Cumulative redeemable Preference Shares |
Rs.10/- each |
Rs. 35.000
Million |
|
19365356 |
Total |
|
Rs.193.654 Million |
Equity shares
includes:
1. Re-issue of forfeited 31,800 equity shares of Rs.10 each on 27 October 1998
2. (A) 2,405,128 equity shares of Rs.10 each fully paid up issued during the year ended 31 March 2011 for consideration other than cash to the shareholders of Minda Autogas Limited, pursuant to the scheme of amalgamation.
(B) 1,120,164 Equity Shares of Rs.10 each fully paid up
issued during the year ended 31 March 2012 for consideration other than cash to
the shareholders of Minda Acoustic Limited, pursuant to the scheme of
amalgamation.
Reconciliation of
the number of shares and amount outstanding at the beginning and at the end of
the reporting period:
|
Particulars |
No of shares |
Amount |
|
Equity shares of `10
each with voting rights |
|
|
|
Opening balance |
15865356 |
Rs. 158.654 Million |
|
Movement during the year |
-- |
-- |
|
Closing balance |
15865356 |
Rs. 158.654 Million |
|
3% Cumulative
Redeemable Preference Shares of `10 each |
|
|
|
Opening balance |
3500000 |
Rs. 35.000 Million |
|
Movement during the year |
-- |
-- |
|
Closing balance |
3500000 |
Rs. 35.000 Million |
1. Rights,
preferences and restrictions attached to equity shares:
The Company has only one class of equity shares having par value of Rs.10 per share. Each shareholder is entitled to one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential assets, in proportion to their shareholding.
2. Rights,
preferences and restrictions attached to preference shares:
The Company has issued 3% cumulative redeemable preference
shares of class ‘C’ having par value of `10 per share. Each Shareholders have
right to receive fixed preferential dividend at a rate of 3% on the paid up capital
of the Company. Preference shareholders also have right to receive all notices
of general meetings of the Company but no right to vote at any meetings of the
Company save to the extent and in the manner provided in the Companies Act,
1956. Preference shareholders neither have right to participate in any offer or
invitation by way of right or otherwise to subscribe additional shares nor they
have right to participate in any issue of bonus shares or shares issued by way
of capitalization of reserves.
Details of shares
held by each shareholder holding more than 5% shares:
|
Class of shares /
Name of shareholder |
Number of shares
held |
% holding in that class of shares |
|
Equity shares with
voting rights |
|
|
|
Mr. Nirmal K. Minda |
2,401,869 |
15.1% |
|
Nirmal K. Minda (HUF) |
1,502,142 |
9.5% |
|
Mrs. Suman Minda |
2,476,140 |
15.6% |
|
Minda Investments Limited* |
4,180,930 |
26.4% |
|
Pioneer Finest Limited |
-- |
-- |
|
India Business Excellence Fund -I |
1,376,250 |
8.7% |
|
3% Cumulative redeemable
preference shares of `10 each |
|
|
|
Mr. Nirmal K. Minda |
1,500,000 |
42.9% |
|
Mrs. Suman Minda |
2,000,000 |
57.1% |
Includes 55,500 equity shares issued to M.G.Portfolio Limited and 22,143 equity shares to Shivmani Barter Private Limited, which are under lock-in. It is stated that both these companies have been amalgamated with Minda Investments Limited vide Delhi High Court Order dated 16 December 2013. The Company on receipt of the related documents from Minda Investments Limited had filed the Corporate Information Action Form on 20 March 2014 with NSDL and CDSIL for transfer of these lock-in shares in the name of Minda Investments Limited.
Aggregate number and
class of shares allotted as fully paid up pursuant to contract(s) without
payment being received in cash for the period of five years immediately
preceding the Balance Sheet date:
Equity shares
includes
(1) 2,405,128 equity shares of Rs.10 each fully paid up issued during the year 2010-11 for consideration other than cash to the shareholders of Minda Auto gas Limited, pursuant to the scheme of amalgamation.
(2) 1,120,164 Equity Shares of Rs.10 each fully paid up issued during the year 2011-12 for consideration other than cash to the shareholders of Minda Acoustic Limited, pursuant to the scheme of amalgamation.
(3) 1,835,000 equity shares of Rs.10 each fully paid up issued during the year 2011-12 on conversion of 3% Cumulative compulsorily convertible preference shares of `2,187 each (Class ‘B’).
The Company has not allotted any bonus shares or bought back
any shares during the current year or for a period of five years immediately
preceding the balance sheet date.
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
193.654 |
193.654 |
193.654 |
|
(b) Reserves &
Surplus |
3533.406 |
3143.532 |
2929.248 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
3727.060 |
3337.186 |
3122.902 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
327.685 |
419.262 |
489.837 |
|
(b) Deferred tax
liabilities (Net) |
3.123 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.977 |
0.950 |
32.997 |
|
(d) long-term provisions |
233.022 |
187.702 |
159.603 |
|
Total Non-current
Liabilities (3) |
564.807 |
607.914 |
682.437 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
694.493 |
915.317 |
772.978 |
|
(b) Trade payables |
1832.063 |
1540.993 |
1498.681 |
|
(c) Other current
liabilities |
561.022 |
665.547 |
531.378 |
|
(d) Short-term provisions |
141.673 |
93.993 |
108.169 |
|
Total Current Liabilities
(4) |
3229.251 |
3215.850 |
2911.206 |
|
|
|
|
|
|
TOTAL |
7521.118 |
7160.950 |
6716.545 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2786.150 |
2509.647 |
2428.952 |
|
(ii) Intangible Assets |
0.000 |
43.632 |
50.533 |
|
(iii) Capital
work-in-progress |
0.000 |
182.306 |
137.496 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.036 |
|
(b) Non-current Investments |
822.019 |
935.011 |
755.263 |
|
(c) Deferred tax assets
(net) |
0.000 |
16.486 |
21.366 |
|
(d) Long-term Loan and Advances |
159.756 |
178.052 |
202.474 |
|
(e) Other Non-current
assets |
113.921 |
81.992 |
40.895 |
|
Total Non-Current Assets |
3881.846 |
3947.126 |
3637.015 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
900.348 |
740.883 |
583.551 |
|
(c) Trade receivables |
2103.259 |
1877.737 |
1742.131 |
|
(d) Cash and cash
equivalents |
207.435 |
144.305 |
320.940 |
|
(e) Short-term loans and
advances |
382.107 |
386.436 |
403.992 |
|
(f) Other current assets |
46.123 |
64.463 |
28.916 |
|
Total Current Assets |
3639.272 |
3213.824 |
3079.530 |
|
|
|
|
|
|
TOTAL |
7521.118 |
7160.950 |
6716.545 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
13703.802 |
11080.620 |
10562.922 |
|
|
Other Income |
186.756 |
127.067 |
109.388 |
|
|
TOTAL (A) |
13890.558 |
11207.687 |
10672.310 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
8902.626 |
7395.044 |
7156.135 |
|
|
Purchases of
Stock-in-Trade |
413.351 |
230.422 |
25.348 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(39.031) |
(71.151) |
37.398 |
|
|
Employees benefits
expense |
1625.092 |
1398.488 |
1249.724 |
|
|
Other expenses |
1667.622 |
1365.537 |
1221.872 |
|
|
Exceptional Items |
(38.705) |
(14.964) |
29.217 |
|
|
TOTAL (B) |
12530.955 |
10303.376 |
9719.694 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
1359.603 |
904.311 |
952.616 |
|
|
|
|
|
|
|
|
Less: |
FINANCIAL EXPENSES (D) |
125.576 |
150.310 |
158.266 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1234.027 |
754.001 |
794.350 |
|
|
|
|
|
|
|
Less: |
DEPRECIATION/
AMORTISATION (F) |
537.096 |
417.302 |
409.254 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX
(E-F) (G) |
696.931 |
336.699 |
385.096 |
|
|
|
|
|
|
|
Less: |
TAX (H) |
164.925 |
65.513 |
82.035 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H)
(I) |
532.006 |
271.186 |
303.061 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
|
1048.319 |
899.437 |
|
|
Royalty/design
fee/management fee |
|
96.676 |
24.137 |
|
|
Insurance |
|
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
NA |
1144.995 |
923.574 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
|
575.123 |
658.287 |
|
|
Components and Stores
parts |
|
9.464 |
30.628 |
|
|
Capital Goods |
|
32.436 |
93.146 |
|
|
Others |
|
|
12.145 |
|
|
TOTAL IMPORTS |
NA |
617.023 |
794.206 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
33.45 |
17.01 |
19.02 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
139.805 |
245.616 |
|
Cash generated from operations |
NA |
503.660 |
1056.403 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.88 |
2.45 |
2.87 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
9.92 |
8.16 |
9.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.40 |
5.59 |
6.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.10 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.27 |
0.40 |
0.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.00 |
1.06 |
STOCK
PRICES
|
Face Value |
Rs.10.00 |
|
Market Value |
Rs. 534.70 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
193.654 |
193.654 |
193.654 |
|
Reserves & Surplus |
2929.248 |
3143.532 |
3533.406 |
|
Net worth |
3122.902 |
3337.186 |
3727.060 |
|
|
|
|
|
|
long-term borrowings |
489.837 |
419.262 |
327.685 |
|
Short term borrowings |
772.978 |
915.317 |
694.493 |
|
Total borrowings |
1262.815 |
1334.579 |
1022.178 |
|
Debt/Equity ratio |
0.404 |
0.400 |
0.274 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from Operations |
10562.922 |
11080.620 |
13703.802 |
|
|
|
4.901 |
23.674 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from Operations |
10562.922 |
11080.620 |
13703.802 |
|
Profit |
303.061 |
271.186 |
532.006 |
|
|
2.87% |
2.45% |
3.88% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
No |
|
14 |
Line of Business |
No |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN:
|
PARTICULARS |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
Long Term
Borrowing: |
|
|
|
Deferred Payment
Liabilities |
|
|
|
Deferred sales tax liability |
NA |
95.056 |
|
|
|
|
|
Short Term
Borrowing : |
|
|
|
Other Loans and Advances: |
|
|
|
From Others |
NA |
225.105 |
|
|
|
|
|
Total |
NA |
320.161 |
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10559106 |
19/03/2015 |
60,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
C49093024 |
|
2 |
10495945 |
13/03/2014 |
150,000,000.00 |
HDFC BANK LIMITED |
E-13/29, 2ND FLOOR,HARSHA
BHAVAN, MIDDLE CIRCLE, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
C04836193 |
|
3 |
10462097 |
04/10/2013 |
282,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL WEST,MUMBAI,MAHARASHTRA - 400013, INDIA |
B90293309 |
|
4 |
10450637 |
31/07/2013 |
100,000,000.00 |
Standard Chartered Bank |
CREDIT DOCUMENTATION UNIT,
NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA |
B85580579 |
|
5 |
10427744 |
29/03/2013 |
460,000,000.00 |
Citibank N.A |
JEEVAN BHARTI BUILDING,
4th FLOOR, 124 CONNAUGHT |
B75788604 |
|
6 |
10338613 |
08/04/2014 * |
250,000,000.00 |
Standard Chartered Bank |
STANDARD CHARTERED BANK, NARAIN MANZIL, 23 BARAKHAMBA
ROAD, NEW DELHI, DELHI - 110001, INDIA |
C02199792 |
|
7 |
10303960 |
07/07/2011 |
200,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL WEST , MUMBAI, MAHARASHTRA - 400013, INDIA |
B19519107 |
|
8 |
10239537 |
15/10/2013 * |
250,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
B90559527 |
|
9 |
10165952 |
15/10/2013 * |
120,000,000.00 |
Axis Bank Limited |
2ND FLOOR, STATESMAN HOUSE,
148, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B89946081 |
|
10 |
10144276 |
04/02/2009 |
50,000,000.00 |
KOTAK MAHINDRA BANK
LIMITED |
7TH FLOOR, AMBADEEP
BUILDING, KASTURBA GANDHI MARG, NEW DELHI, Delhi - 110001, INDIA |
CONTINGENT LIABILITIES:
Claims made against the Company not
acknowledged as debts (including interest, wherever applicable)
|
Particulars |
31.03.2015 |
31.03.2014 |
|
Income Tax |
|
0.748 |
|
Transfer pricing – Against Section 143(3) and Section 144C |
|
68.600 |
|
Income Tax |
NA |
1.033 |
|
Income Tax |
|
3.040 |
|
Income Tax |
|
0.152 |
|
|
|
|
|
Total |
NA |
73.573 |
FIXED ASSETS:
A.
Tangible Assets:
- Land
- Buildings
- Plant and Machinery
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computers
B.
Intangible Assets:
- Goodwill
- Technical Knowhow
- 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, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.90 |
|
UK Pound |
1 |
Rs. 97.98 |
|
Euro |
1 |
Rs. 71.82 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
THR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.