MIRA INFORM REPORT
|
Report No. : |
327888 |
|
Report Date : |
17.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
AGS TRANSACT TECHNOLOGIES LIMITED (w.e.f. 20.07.2010) |
|
|
|
|
Formerly Known
As : |
AGS TRANSACT TECHNOLOGIES PRIVATE LIMITED (w.e.f. 03.06.2010) AGS INFOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
601-602, Trade World, B-Wing, Kamala Mill Compound, Senapati Bapat
Marg, Lower Parel, Mumbai – 400013, Maharashtra |
|
Tel. No.: |
91-22-67812000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
11.12.2002 |
|
|
|
|
Com. Reg. No.: |
11-138213 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 295.662 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH2002PLC138213 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA18573C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA0901H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is in the business of trading of technology-based automation solution products for the Banking, Petroleum, Colour and Retail sectors and also providing of ATM Management Services for various Banks. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
|
|
|
|
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. Payment are
reported to be regular an as per commitment. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Fund Based = A |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
January 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Commercial Paper = A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
January 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) DEFAILTERS’ 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
Management non co-operative (Tel. No.: 91-22-67812000)
LOCATIONS
|
Registered Office : |
601-602, Trade World, B-Wing, Kamala Mill Compound, Senapati Bapat
Marg, Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-67812000 |
|
Fax No.: |
91-22-24935384 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Assembling Unit Survey No.172/3, 173/3 and 173/4, Part - A, Ground Floor, Behind Olive
Health Care, Atiyawad, Dabhel, Nani Daman - 396210, Daman and
|
|
|
|
|
Factory 2 : |
Located at: v
|
|
|
|
|
TRC Centre : |
Units 19 to 21, Building No: 2, (A-3), Sector 1, Millennium Business Park,
MIDC, Mahape, Navi Mumbai - 400709, Maharashtra, India |
|
Tel. No.: |
91-22-67812211 |
|
Fax No.: |
91-22-67910462 |
|
|
|
|
Warehouse : |
Plot No.1-D, CMPSC Complex, Jaspal Compound, KWC, Near Libra Kata, Kalamboli,
Panvel, Navi Mumbai – 410218, Maharashtra, India |
|
Tel. No.: |
91-22-64577341 |
|
|
|
|
Branch Offices : |
Located at: v
Mumbai v
Navi Mumbai v
Ahmedabad v
v
Bangalore v
Chennai v
v
v
v
v
Guwahati v
v
v
Jaipur v
v
Kolkata v
v
v
Pune v
Puducherry v
Tirupur v
v
CIT-Bangalore v
CIT-Cochin |
DIRECTORS
AS ON 26.09.2014
|
Name : |
Mr. Ravi Badrinarain Goyal |
|
Designation : |
Managing Director |
|
Address : |
203, Shreenath Niwas, Poddar Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
02.05.1962 |
|
Qualification : |
B.E. (Electrical) |
|
Experience : |
25 Years |
|
Date of Appointment : |
11.12.2002 |
|
Election Commission
Identity Card No.: |
KNF1217546 |
|
PAN No.: |
AACPG0726F |
|
DIN No.: |
01374288 |
|
|
|
|
Name : |
Mr. Badrinarain Kunjbihari Goyal |
|
Designation : |
Director |
|
Address : |
204, Shreenath Niwas, Poddar Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
09.05.1940 |
|
Qualification : |
Electronics Diploma Engineer |
|
Date of Appointment : |
11.12.2002 |
|
Election
Commission Identity Card No.: |
MT/08/038/0144771 |
|
DIN No.: |
01679378 |
|
|
|
|
Name : |
Mrs. Anupama Ravi Goyal |
|
Designation : |
Director |
|
Address : |
203, Shreenath Niwas, Poddar Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
10.09.1965 |
|
Qualification : |
M.A. |
|
Date of Appointment : |
10.08.2012 |
|
PAN No.: |
AACPG0725G |
|
DIN No.: |
02696453 |
|
|
|
|
Name : |
Mr. Suraj Parkash Chaudhry |
|
Designation : |
Director |
|
Address : |
Flat No.2201, 22nd Floor, Light Bridge, Hiranandani Meadows,
Pokhran Road No.2, Thane (West) – 400610, Maharashtra, India |
|
Date of Birth/Age : |
26.08.1949 |
|
Qualification : |
B.E (Mechanical) and MBA |
|
Date of Appointment : |
20.09.2010 |
|
DIN No.: |
03233435 |
|
|
|
|
Name : |
Mr. Sudip Bandyopadhyay |
|
Designation : |
Director |
|
Address : |
Ansal Heights Flat No.1801, 18th Floor, Block - B, Worli
Naka, Mumbai - 400018, Maharashtra, India |
|
Date of Birth/Age : |
06.04.1964 |
|
Qualification : |
CA and Cost Accountant |
|
Date of Appointment : |
20.09.2010 |
|
DIN No.: |
00007382 |
|
|
|
|
Name : |
Mr. Vishwarupe Rajat Kumar Narain |
|
Designation : |
Nominee Director |
|
Address : |
Flat No.509, Mansarovar Building, 5/6, MT Pleasant Road, Malabar Hill,
Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
12.08.1974 |
|
Qualification : |
MBA and Master of Tech. from IIT, Delhi |
|
Date of Appointment : |
07.06.2011 |
|
DIN No.: |
03394320 |
|
|
|
|
Name : |
Mr. Manas Tandon |
|
Designation : |
Nominee director |
|
Address : |
28, Hastings Road, Allahabad – 211001, Uttar Pradesh, India |
|
Date of Birth/Age : |
07.05.1977 |
|
Date of Appointment : |
24.05.2013 |
|
DIN No.: |
05254602 |
|
|
|
|
Name : |
Mr. Nicholas Charles Luckock |
|
Designation : |
Nominee director |
|
Address : |
Southview, |
|
Date of Birth/Age : |
17.11.1972 |
|
Qualification : |
B.A, B. com, MBA |
|
Date of Appointment : |
30.07.2013 |
|
DIN No.: |
01125446 |
|
|
|
|
Name : |
Mr. Mahesh Ramchand Chhabria |
|
Designation : |
Nominee director |
|
Address : |
11 Golden Beach, Ruia Park, Juhu, Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
19.04.1964 |
|
Qualification : |
B.COM, CA |
|
Date of Appointment : |
22.11.2012 |
|
DIN No.: |
00166049 |
KEY EXECUTIVES
|
Name : |
Ms. Rashmi Omprakash Savita |
|
Designation : |
Company Secretary |
|
Address : |
A-102, Survoday CHS, Tagore Nagar, Vikroli (East), Mumbai – 400083,
Maharashtra, India |
|
Date of Birth/Age : |
09.01.1987 |
|
Date of Appointment : |
05.12.2012 |
|
PAN No.: |
CECPS1929E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Ravi Badrinarain Goyal |
|
16615078 |
|
TPG Star SF Pte Limited, |
|
822549 |
|
Oriole Limited, |
|
4799353 |
|
Badrinarain Kunjbihari Goyal |
|
187500 |
|
Anupama Ravi Goyal |
|
4 |
|
Vimla Badrinarain Goyal |
|
4 |
|
Kiran Badrinarain Goyal |
|
4 |
|
Nidhi Kiran Goyal |
|
4 |
|
Neha Ravi Goyal |
|
4 |
|
|
|
|
|
Total |
|
22424500 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
TPG Star SF Pte Limited, |
|
5140929 |
|
Oriole Limited, |
|
150000 |
|
|
|
|
|
Total |
|
5290929 |
Equity Share Break up (Percentage of Total Equity)
AS ON 26.09.2014
|
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 |
25.07 |
|
Directors or relatives of Directors |
74.93 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is in the business of trading of technology-based
automation solution products for the Banking, Petroleum, Colour and Retail sectors
and also providing of ATM Management Services for various Banks. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
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Customers : |
Not Divulged
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No. of Employees : |
Information declined by the management |
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Bankers : |
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|||||||||||||||||||||||||||
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|||||||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
S R B C and Company LLP Chartered Accountants |
|
Address : |
14th Floor, The Ruby, 29, Senapati Bapat Marg, Dadar,
Mumbai – 400028, Maharashtra, India |
|
Tel. No.: |
91-22-61920000 |
|
Fax No.: |
91-22-61921000 |
|
Income-tax
PAN of auditor or auditor's firm : |
ABSFS4151K |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Subsidiary company
: |
|
|
|
|
|
Enterprises which are
owned, or have significant influence of or are
partners with Key management
personnel and their relatives : |
|
CAPITAL STRUCTURE
AS ON 26.09.2014
Authorised Capital : Rs. 1600.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 1203.926
Million
AS ON 30.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Million |
|
10000000 |
Preference Shares |
Rs. 10/- each |
Rs. 100.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 350.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22424500 |
Equity Shares |
Rs.10/- each |
Rs.224.245
Million |
|
7141664 |
Preference Shares |
Rs. 10/- each |
Rs. 71.417
Million |
|
|
|
|
|
|
|
Total |
|
Rs. 295.662 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 |
295.662 |
295.662 |
257.417 |
|
(b) Reserves & Surplus |
4058.891 |
3912.877 |
2230.235 |
|
(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) |
4354.553 |
4208.539 |
2487.652 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2198.654 |
665.526 |
111.339 |
|
(b) Deferred tax liabilities (Net) |
35.818 |
9.711 |
0.000 |
|
(c) Other long term
liabilities |
54.456 |
36.253 |
19.033 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
2288.928 |
711.490 |
130.372 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
1365.562 |
997.275 |
1846.194 |
|
(b) Trade
payables |
1508.768 |
1476.141 |
642.904 |
|
(c) Other
current liabilities |
1492.696 |
574.850 |
359.711 |
|
(d) Short-term
provisions |
81.379 |
65.538 |
34.021 |
|
Total Current
Liabilities (4) |
4448.405 |
3113.804 |
2882.830 |
|
|
|
|
|
|
TOTAL |
11091.886 |
8033.833 |
5500.854 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3070.510 |
2045.909 |
1305.802 |
|
(ii)
Intangible Assets |
120.153 |
152.077 |
125.641 |
|
(iii)
Capital work-in-progress |
363.594 |
407.240 |
105.300 |
|
(iv)
Intangible assets under development |
29.043 |
0.000 |
0.000 |
|
(b) Non-current Investments |
249.093 |
101.003 |
0.503 |
|
(c) Deferred tax assets (net) |
54.963 |
43.980 |
23.420 |
|
(d) Long-term Loan and Advances |
1550.213 |
1065.582 |
711.912 |
|
(e) Other
Non-current assets |
247.100 |
3.907 |
10.869 |
|
Total Non-Current
Assets |
5684.669 |
3819.698 |
2283.447 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1488.781 |
1332.989 |
887.985 |
|
(c) Trade
receivables |
2557.734 |
2316.348 |
1714.151 |
|
(d) Cash
and cash equivalents |
54.175 |
98.422 |
176.514 |
|
(e)
Short-term loans and advances |
653.414 |
462.981 |
435.776 |
|
(f) Other
current assets |
653.113 |
3.395 |
2.981 |
|
Total
Current Assets |
5407.217 |
4214.135 |
3217.407 |
|
|
|
|
|
|
TOTAL |
11091.886 |
8033.833 |
5500.854 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
9493.800 |
6367.095 |
5116.312 |
|
|
|
Other Income |
32.373 |
15.745 |
16.099 |
|
|
|
TOTAL |
9526.173 |
6382.840 |
5132.411 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
3326.352 |
2661.845 |
2231.967 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(86.712) |
(123.117) |
88.217 |
|
|
|
Employees benefits expense |
682.085 |
246.412 |
427.349 |
|
|
|
Other expenses |
4187.599 |
2562.219 |
1758.669 |
|
|
|
Prior period items before tax |
0.000 |
0.000 |
44.856 |
|
|
|
TOTAL |
8109.324 |
5347.359 |
4551.058 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1416.849 |
1035.481 |
581.353 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
552.773 |
246.413 |
281.693 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
864.076 |
789.068 |
299.660 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
626.108 |
344.751 |
176.565 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
237.968 |
444.317 |
123.095 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
91.871 |
33.855 |
49.462 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
146.097 |
410.462 |
73.633 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
18.998 |
14.518 |
15.313 |
|
|
TOTAL EARNINGS |
18.998 |
14.518 |
15.313 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
518.615 |
451.615 |
514.291 |
|
|
|
Stores & Spares |
2211.427 |
557.394 |
46.496 |
|
|
|
Capital Goods |
2.546 |
74.997 |
57.642 |
|
|
TOTAL IMPORTS |
2732.588 |
1084.006 |
618.429 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.94 |
13.88 |
2.49 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.54 |
6.45 |
1.44 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
14.92 |
16.26 |
11.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.29 |
5.94 |
2.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.11 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.82 |
0.40 |
0.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22 |
1.35 |
1.12 |
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 |
257.417 |
295.662 |
295.662 |
|
Reserves & Surplus |
2230.235 |
3912.877 |
4058.891 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
2487.652 |
4208.539 |
4354.553 |
|
|
|
|
|
|
long-term borrowings |
111.339 |
665.526 |
2198.654 |
|
Short term borrowings |
1846.194 |
997.275 |
1365.562 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1957.533 |
1662.801 |
3564.216 |
|
Debt/Equity
ratio |
0.787 |
0.395 |
0.819 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
5116.312 |
6367.095 |
9493.800 |
|
|
|
24.447 |
49.107 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
5116.312 |
6367.095 |
9493.800 |
|
Profit |
73.633 |
410.462 |
146.097 |
|
|
1.44% |
6.45% |
1.54% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
Yes |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
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 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10520351 |
28/08/2014 |
300,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra - 400051, INDIA |
C20994406 |
|
2 |
10518598 |
23/08/2014 |
225,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (W), MUMBAI, Maharashtra - 400013, INDIA |
C19614627 |
|
3 |
10471898 |
24/12/2013 |
400,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING
BRANCH, AXIS HOUSE, GROUND FLOOR, BOMBAY DYEING MILLS COMPOUND, P.P. ROAD,
WORLI, Maharashtra - 400025, INDIA |
B94136363 |
|
4 |
10470911 |
21/01/2014 * |
500,000,000.00 |
THE SOUTH INDIAN BANK LIMITED |
S I B HOUSE MISSION QUARTERST B ROAD, THRISSUR, Kerala - 680001, INDIA |
B96568795 |
|
5 |
10435287 |
28/06/2013 |
290,000,000.00 |
GE CAPITAL SERVICES INDIA |
401, 402, 4th
Floor, Aggarwal Millennium Tower, Delhi - 110034, INDIA |
B78943545 |
|
6 |
10426618 |
19/05/2014 * |
250,000,000.00 |
DBS Bank Ltd |
3rd Floor, Fort House,, Dr. D N Road, Fort, Mumbai, Maharashtra - 400001, INDIA |
C03891058 |
|
7 |
10419663 |
29/03/2013 |
1,650,000,000.00 |
L & T FINANCE LIMITED |
L&T HOUSE, BALLARD ESTATE, MUMBAI, Maharashtra - 400001, INDIA |
B73176315 |
|
8 |
10356196 |
19/05/2012 |
500,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B39796107 |
|
9 |
10305379 |
08/09/2011 |
500,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B20132775 |
|
10 |
10298340 |
26/09/2013 * |
500,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPUR, KOLHAPUR, Maharashtra - 416001, INDIA |
B87314290 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and
Equipments
- Furniture and
Fixture
- Vehicles
- Office
Equipments
- Other Equipments
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. 64.11 |
|
UK Pound |
1 |
Rs. 100.31 |
|
Euro |
1 |
Rs. 72.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
62 |
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.