MIRA INFORM REPORT
|
Report No. : |
326504 |
|
Report Date : |
11.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAI SECURITY PRINTERS PRIVATE LIMITED (w.e.f. 01.03.2007) |
|
|
|
|
Formerly Known
As : |
SAI SECURITY PRINTERS LIMITED |
|
|
|
|
Registered
Office : |
Village
Dungerpur, PO: Badarpur Syed, Kanwara Industrial Area, District Faridabad –
121101, Haryana |
|
Tel. No.: |
991-129-4194800 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
23.03.1994 |
|
|
|
|
Com. Reg. No.: |
05-048217 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.40.773
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899HR1994PTC048217 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Importer of Print Packaging material. |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject was incorporated in Faridabad (Haryana) in 1994. The company
is promoted by Mr. Vijay R Raghvan. It provides services in security printing, print-packaging, book and
commercial printing. The company has incurred loss from its operations during 2014.
However, general financial position of the company seems to be decent. The rating also takes into consideration extensive experience of the
company’s promoters in the specialized printing and packaging segment. Trade relations are fair. Busyness is active. Payments terms are
reported to be slow but correct. The company can be considered for the 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 |
CRISIL |
|
Rating |
Long term rating: BBB- |
|
Rating Explanation |
Have moderate degree of safety and carry moderate credit risk. |
|
Date |
01.12.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A3 |
|
Rating Explanation |
Have moderate degree of safety and carry higher credit risk. |
|
Date |
01.12.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Shiva Bhajan |
|
Designation : |
Finance Head |
|
Contact No.: |
91-129-4194800 |
|
Date : |
08.06.2015 |
LOCATIONS
|
Registered Office : |
Village
Dungerpur, PO: Badarpur Syed, Kanwara Industrial Area, District Faridabad, Faridabad
– 121101, Haryana, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
C-40, Okhla Industrial Area, Phase- II, New Delhi –
110020, India |
|
Tel. No.: |
91-11-26385503 |
|
Fax No.: |
91-11-26388571 |
|
E-Mail : |
|
|
|
|
|
Security Printing Division - Unit I : |
152, DLF Industrial Area, Faridabad – 121003, Haryana,
India |
|
Tel. No.: |
91-129-2276370/ 2272277 |
|
Fax No.: |
91-129-2256239 |
|
E-Mail : |
|
|
|
|
|
Security Printing Division - Unit II : |
256, 4th Phase, 8th Cross, Peenya
Industrial Area, Bangalore – 560 058, Karnataka, India |
|
Tel. No.: |
91-80-28361171/ 28378266/ 41171388 |
|
Fax No.: |
91-80-41170769/ 41170770/ 28363954 |
|
E-Mail : |
sspblr@saiprinters.com
|
|
|
|
|
Packaging Division I : |
13/1 Mathura Road, Faridabad – 121003, Haryana, India |
|
Tel. No.: |
91-129-2270309 / 2255910 |
|
Fax No.: |
91-129-2279433 |
|
E-Mail : |
|
|
|
|
|
Packaging Division II : |
42/43, 3rd Phase, 4th Main, Peenya Industrial Area, Bangalore - 560058, Karnataka, India |
|
Tel. No.: |
91-80-41179645 / 41171387 |
|
Fax No.: |
91-80-41170769 / 41170770 / 28363954 |
|
E-Mail : |
|
|
|
|
|
Factory: |
Magadi Road, Machohalli, Bangalore, Karnataka,
India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Vijay Ram Murthi Raghavan |
|
Designation : |
Managing Director |
|
Address : |
704, Royale Retreat, Charmwood Village, Eros Garden, Suraj Kund Road,
Faridabad – 121 009, Haryana, India |
|
Date of Birth/Age : |
30.09.1947 |
|
Qualification : |
M.B.A. |
|
Date of Appointment : |
23.03.1994 |
|
DIN No.: |
00362184 |
|
Other
Directorship: |
|
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899HR1994PTC048217 |
SAI
SECURITY PRINTERS PRIVATE LIMITED |
Managing
director |
23-03-94 |
23-03-94 |
- |
Active |
NO |
|
2 |
U22219DL2001PTC110295 |
SAI
PRESS (INDIA) PVT LTD |
Director |
03-04-01 |
03-04-01 |
- |
Active |
NO |
|
3 |
U15122UR2009PTC032768 |
Patanjali
Food & Herbal Park Private Limited |
Director |
27-01-09 |
27-01-09 |
25-02-12 |
Active |
NO |
|
4 |
U74120UR2009PTC032909 |
PATANJALI
FLEXIPAK PRIVATE LIMITED |
Director |
21-11-09 |
21-11-09 |
22-12-11 |
Active |
NO |
|
Name : |
Mr. Balaji Srinivasan |
|
Designation : |
Director |
|
Address : |
362 Ranka Heights, 7th Cross, Domlur Layout, Bangalore –
560071, Karnataka, India |
|
Date of Birth/Age : |
06.07.1966 |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
00371609 |
|
Other
Directorship: |
|
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U65999MH2005PTC154367 |
AUREOS
INDIA TRUSTEES PRIVATE LIMITED |
Director |
30-06-05 |
30-06-05 |
- |
Active |
NO |
|
2 |
U67190MH2006PTC159133 |
AUREOS
INDIA ADVISERS PRIVATE LIMITED |
Whole-time
director |
20-01-06 |
20-01-06 |
- |
Active |
NO |
|
3 |
U65999KA2006PTC041272 |
JAY
B INVESTMENTS PRIVATE LIMITED |
Director |
21-12-06 |
21-12-06 |
- |
Active |
NO |
|
4 |
U67120KA1995PTC045373 |
ORDYN
TECHNOLOGIES PRIVATE LIMITED |
Nominee
director |
27-09-07 |
05-04-07 |
17-04-09 |
Active |
YES |
|
5 |
U63090MH1997PLC108197 |
CONTINENTAL
WAREHOUSING CORPORATION (NHAVA SEVA) LIMITED |
Nominee
director |
30-07-09 |
30-07-09 |
- |
Active |
NO |
|
6 |
U40101TN2005PTC058237 |
AURO
MIRA ENERGY COMPANY PRIVATE LIMITED |
Nominee
director |
28-09-10 |
28-09-10 |
12-06-12 |
Active |
NO |
|
7 |
U85110CT2003PLC015937 |
BSR
SUPER SPECIALITY HOSPITALS LIMITED |
Director |
30-12-10 |
30-12-10 |
- |
Active |
NO |
|
8 |
U72400TN2004PTC054226 |
Newgen
Knowledge Works Private Limited |
Nominee
director |
13-09-13 |
13-09-13 |
28-11-14 |
Active |
NO |
|
9 |
U74899HR1994PTC048217 |
SAI
SECURITY PRINTERS PRIVATE LIMITED |
Director |
30-09-14 |
17-09-13 |
- |
Active |
NO |
|
10 |
U74900MH2011PTC216538 |
Abraaj
Capital Advisors Private Limited |
Additional
director |
17-12-14 |
17-12-14 |
- |
Active |
NO |
|
Name : |
Ms. Priyata Raghavan |
|
Designation : |
Director |
|
Address : |
704, Royale Retreat, Charmwood Village, Eros Garden, Suraj Kund Road,
Faridabad – 121 009, Haryana, India |
|
Date of Birth/Age : |
15.11.1980 |
|
Date of Appointment : |
13.09.2007 |
|
DIN No.: |
01543577 |
|
Other
Directorship: |
|
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899HR1994PTC048217 |
SAI
SECURITY PRINTERS PRIVATE LIMITED |
Director |
13-09-07 |
01-06-07 |
- |
Active |
NO |
|
2 |
U74999DL2009PTC193586 |
ROOTS
INDIA RETAILING PRIVATE LIMITED |
Director |
26-08-09 |
26-08-09 |
- |
Active |
NO |
|
3 |
U74120UR2009PTC032909 |
PATANJALI
FLEXIPAK PRIVATE LIMITED |
Director |
21-11-09 |
21-11-09 |
22-12-11 |
Active |
NO |
|
Name : |
Mr. Arvind Sekhar |
|
Designation : |
Director |
|
Address : |
Flat No.354, 5th Floor, Block 3, Embassy Heritage
Apartments, 8th Main, Malleswaram, Bangalore – 560 003, Karnataka,
India |
|
Date of Birth/Age : |
26.07.1974 |
|
Date of Appointment : |
13.09.2007 |
|
DIN No.: |
01571685 |
|
Other
Directorship: |
|
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899HR1994PTC048217 |
SAI SECURITY
PRINTERS PRIVATE LIMITED |
Director |
13-09-07 |
01-05-07 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Shiva Bhajan |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Vijay R. Raghavan |
|
466800 |
|
Vijailakshmi Raghavan |
|
466775 |
|
Sai Press India Private Limited, India |
|
315000 |
|
Sweta Raghavan |
|
374600 |
|
Priyata Raghavan |
|
624300 |
|
Arvind Sekhar |
|
249700 |
|
Aureos South Asia Fund L.L.C., Mauritius |
|
1506916 |
|
Total |
|
4004091 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Vijay R. Raghavan |
|
287142 |
|
Vijailakshmi Raghavan |
|
203818 |
|
Sai Press India Private Limited, India |
|
92329 |
|
Sweta Raghavan |
|
37518 |
|
Priyata Raghavan |
|
37935 |
|
Arvind Sekhar |
|
73189 |
|
Total |
|
731931 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
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 |
37.63 |
|
Bodies corporate |
7.86 |
|
Directors or relatives of Directors |
54.51 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Print Packaging material. |
|
|
|
|
Products : |
Print Packaging material |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material Machinery |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
400 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Walker Chandiok and Company Chartered Accountants |
|
Address : |
L-41 Connaught Circus |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFW4298E |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives: |
|
|
|
|
|
Others related
party: |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4010000 |
Equity Shares |
Rs.10/- each |
Rs.40.100 Million |
|
800000 |
Preference Shares |
Rs.10/- each |
Rs.8.000 Million |
|
|
Total |
|
Rs.48.100 Million
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4004091 |
Equity Shares |
Rs.10/- each |
Rs.40.041
Million |
|
731931 |
Preference Shares |
Rs.10/- each |
Rs.7.319
Million |
|
|
Total |
|
Rs.47.360 Million |
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4004091 |
Equity Shares |
Rs.10/- each
|
Rs.40.041
Million |
|
731931 |
Preference Shares |
Re.1/- each |
Rs.0.732
million |
|
Total |
Rs.40.773 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
40.773 |
40.773 |
40.773 |
|
(b) Reserves & Surplus |
680.535 |
726.854 |
691.785 |
|
(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) |
721.308 |
767.627 |
732.558 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
303.052 |
113.262 |
81.716 |
|
(b) Deferred tax liabilities
(Net) |
45.041 |
66.605 |
48.562 |
|
(c) Other long term
liabilities |
3.232 |
0.320 |
0.300 |
|
(d) long-term provisions |
1.338 |
1.818 |
1.783 |
|
Total
Non-current Liabilities (3) |
352.663 |
182.005 |
132.361 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
210.061 |
141.501 |
90.565 |
|
(b) Trade payables |
231.727 |
182.091 |
147.436 |
|
(c) Other current liabilities |
82.216 |
102.242 |
64.486 |
|
(d) Short-term provisions |
3.841 |
2.093 |
1.502 |
|
Total
Current Liabilities (4) |
527.845 |
427.927 |
303.989 |
|
|
|
|
|
|
TOTAL |
1601.816 |
1377.559 |
1168.908 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1050.314 |
732.506 |
524.615 |
|
(ii) Intangible Assets |
0.557 |
0.783 |
0.809 |
|
(iii) Capital work-in-progress |
0.000 |
64.330 |
0.184 |
|
(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 |
44.435 |
65.877 |
20.202 |
|
(e) Other Non-current assets |
4.595 |
0.100 |
0.112 |
|
Total
Non-Current Assets |
1099.901 |
863.596 |
545.922 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
204.409 |
198.593 |
149.769 |
|
(c) Trade receivables |
256.411 |
240.713 |
176.299 |
|
(d) Cash and cash equivalents |
18.859 |
35.551 |
278.261 |
|
(e) Short-term loans and
advances |
21.820 |
38.984 |
16.216 |
|
(f) Other current assets |
0.416 |
0.122 |
2.441 |
|
Total
Current Assets |
501.915 |
513.963 |
622.986 |
|
|
|
|
|
|
TOTAL |
1601.816 |
1377.559 |
1168.908 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Turnover |
NA |
1086.046 |
952.158 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE EXTRAORDINARY ITEMS AND TAXATION |
(67.467) |
53.852 |
42.719 |
|
|
|
|
|
|
|
Less |
EXCEPTIONAL
ITEMS |
0.000 |
0.000 |
(26.293) |
|
|
|
|
|
|
|
Less |
PRIOR
PERIOD ADJUSTMENT |
0.212 |
0.243 |
0.767 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(67.679) |
53.609 |
68.245 |
|
|
|
|
|
|
|
Less |
TAX |
(21.360) |
18.541 |
21.597 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(46.319) |
35.068 |
46.648 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
368.019 |
332.951 |
286.303 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
321.700 |
368.019 |
332.951 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
69.800 |
105.249 |
103.031 |
|
|
Components and Stores parts |
16.675 |
12.097 |
33.670 |
|
|
Capital Goods |
231.755 |
159.068 |
0.000 |
|
|
TOTAL
IMPORTS |
318.230 |
276.414 |
136.701 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(9.78) |
7.40 |
11.66 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
50.886 |
55.264 |
52.631 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.23) |
4.08 |
5.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.09) |
0.07 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.78 |
0.40 |
0.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95 |
1.20 |
2.05 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
40.773 |
40.773 |
40.773 |
|
Reserves & Surplus |
691.785 |
726.854 |
680.535 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
732.558 |
767.627 |
721.308 |
|
|
|
|
|
|
long-term borrowings |
81.716 |
113.262 |
303.052 |
|
Short term borrowings |
90.565 |
141.501 |
210.061 |
|
Current Maturities Of
Long-Term Debts |
52.631 |
55.264 |
50.886 |
|
Total
borrowings |
224.912 |
310.027 |
563.999 |
|
Debt/Equity
ratio |
0.307 |
0.404 |
0.782 |
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 |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
IN THE HIGH COURT OF DELHI AT NEW DELHI SAI SECURITY PRINTERS PRIVATE LIMITED .... Respondent Advocate. CORAM: 6. The arbitral record also be summoned in sealed cover. |
NOTE: Registered office of the company has been
shifted from C-40, Phase – II, Okhla Industrial Area, New Delhi – 110020, India
to the present address w.e.f. 17.01.2013
BACKGROUND AND NATURE
OF OPERATIONS
Subject involve in printing jobs and currently operating through its three division i.e. Security Printing, Package Printing and Lable Printing. The Company was incorporated in 1994, under the Companies Act 1956 and main products comprises of cartons, lables, lotteries and cheques. The Company is currently operating through its factories situated at Faridabad in Haryana and at Bangalore in Karnataka.
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from others |
7.450 |
7.450 |
|
Other loans and advances, others |
16.000 |
18.500 |
|
Total |
23.450 |
25.950 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10559968 |
27/03/2015 |
50,000,000.00 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
130, PANDURANG
BUDHKAR MARG,, WORLI, MUMBAI, MAHA |
C49428006 |
|
2 |
10420417 |
17/12/2014 * |
197,955,000.00 |
AXIS BANK LTD. |
2ND FLOOR, STATESMAN
HOUSE, 148, BARAKHAMBA ROAD, |
C38150629 |
|
3 |
10084849 |
12/03/2015 * |
450,665,000.00 |
ING VYSYA BANK LTD. |
5 E -1, NIT, GROUND
FLOOR,, RAILWAY ROAD,, FARIAD |
C47818752 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
- Leasehold improvements
Intangible assets
- Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, 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.63.88 |
|
UK Pound |
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.72.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
2 |
|
--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 |
|
44 |
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.