MIRA INFORM REPORT
|
Report No. : |
327796 |
|
Report Date : |
19.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
EMKAY AUTOMOBILE INDUSTRIES LIMITED (w.e.f. 03.07.2007) |
|
|
|
|
Formerly Known
As : |
EMKAY AUTOMOBILE INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
W-10/14, Western Avenue, Sainik Farms, New Delhi – 110062 |
|
Tel. No.: |
91-253-296253 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.09.2000 |
|
|
|
|
Com. Reg. No.: |
55-107525 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.202.400 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300DL2000PLC107525 |
|
|
|
|
IEC No.: |
0505027038 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACE8876F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Coil Springs, Precision Sheet Metal and Tubular
Components, Forgings, Tube Mill, Wire Drawing and Aluminum Pressure Die
Casting. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1200000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Subject was incorporated in 2000. It is a manufacturer of various
automobile components like coil springs sheet metal and tubular components
and forgings for the two-wheeler and four-wheeler industries. The company possesses a moderate financial profile marked by modest
networth base, working capital intensive nature of operations. Management has witnessed an acceptable sales volume whereas, has
reported a modest profit margin. The ratings also take into consideration, relatively low reserves. However, trade relations are seems to be fair. Business is active.
Payment terms are reported as slow but correct. In view of experienced promoters and reputed client base, the company
can be considered for business dealings with some caution. |
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
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 DENIED BY
|
Name : |
Mr. Raveen Tanwar |
|
Designation : |
Finance Head |
|
Contact No.: |
91-253-296253 |
|
Date : |
17.06.2015 |
LOCATIONS
|
Registered Office : |
W-10/14, Western Avenue, Sainik Farms, New Delhi – 110062, India |
|
Tel. No.: |
91-253-296253 |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
|
Headquarters : |
D-180, Savitri Nagar, New Delhi – 110017, India |
|
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|
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Factory 1 : |
39/7, K.M. Stone, N.H. 8, Delhi-Jaipur Highway, Village Begumpur,
Khotolla, Gurgaon-122001, Haryana, India |
|
Tel. No.: |
91-124-2215522 / 26 |
|
Fax No.: |
91-124-2215527 |
|
E-Mail : |
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|
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|
Factory 2 : |
E-40, Focal Point, Phase IV, Ludhianand-141010, Punjab, India |
|
Tel. No.: |
91-161-2671129 / 2676108 / 09 / 3098050 |
|
Fax No.: |
91-161-2673083 |
|
E-Mail : |
|
|
|
|
|
Factory 3 : |
D-40, Ambad, MIDC, Nashik - 422010, Maharashtra, India |
|
Tel. No.: |
91-253-3093467 |
|
Fax No.: |
91-253-2384442 |
|
E-Mail : |
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|
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|
Factory 4 : |
Plot No. 73 to 76, Industrial Area IIE, Sector-07l, Pant Nagar, Udham
Singh Nagar, |
|
Tel. No.: |
91-59-44250296 |
|
E-Mail : |
|
|
|
|
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Factory 5 : |
Industrial park - 4, Haridwar, Uttarakhand, India |
|
E-Mail : |
DIRECTORS
AS ON 28.09.2014
|
Name : |
Ms. Alka Shroff |
|
Designation : |
Additional Director |
|
Address : |
2/15, Nehru Enclave, 1st Floor, Kalkaji Extension, New
Delhi – 110019, India |
|
Date of Birth/Age : |
01.09.1959 |
|
Date of Appointment : |
05.07.2007 |
|
DIN No. : |
01763698 |
|
|
|
|
Name : |
Mr. Ramesh Shroff |
|
Designation : |
Additional director |
|
Address : |
2/15 Nehru Enclave, 1st Floor, Kalkaji Extension, New Delhi
– 110019, India |
|
Date of Birth/Age : |
12.02.1955 |
|
Date of Appointment : |
05.07.2007 |
|
DIN No. : |
01763950 |
|
|
|
|
Name : |
Mr. Ashish Mullick |
|
Designation : |
Additional Director |
|
Address : |
A 36l, Chittranjana, Park, New Delhi – 110019, India |
|
Date of Birth/Age : |
06.11.1977 |
|
Date of Appointment : |
05.07.2007 |
|
DIN No. : |
01965427 |
|
|
|
|
Name : |
Sadhucharan Datta |
|
Designation : |
Whole-time Director |
|
Address : |
354F, sector 39, Housing Board Colony, Gurgaon – 122001, Haryana,
India |
|
Date of Birth/Age : |
12.01.1963 |
|
Date of Appointment : |
26.09.2011 |
|
PAN No.: |
ADFPD5731P |
|
DIN No. : |
02571186 |
|
|
|
|
Name : |
Brinda Jajoo |
|
Designation : |
Additional Director |
|
Address : |
W-10/14- Western Avenue, Sainik Farm, New Delhi – 110062, India |
|
Date of Birth/Age : |
05.07.1983 |
|
Date of Appointment : |
25.09.2013 |
|
DIN No. : |
05321051 |
KEY EXECUTIVES
|
Name : |
Mr. Raveen Tanwar |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS
AS ON 28.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Brinda Jajoo |
|
108160887 |
|
Sadhucharan Datta |
|
1925 |
|
Ramesh Shroff |
|
1750 |
|
Alka Shroff |
|
1750 |
|
Emkay Portfolio India Private Limited, India |
|
10341250 |
|
Sugandh Finvest Private Limited, India |
|
12796875 |
|
K F L Finance and Securities Private Limited, India |
|
61325500 |
|
Ratan Lal Leela Devijajoo Charitable Trust, India |
|
686875 |
|
Jajoo Family Trust, india |
|
4837500 |
|
Yieshu Marketing Private Limited, India |
|
1125000 |
|
Emkay Infotech Limited, India |
|
87000 |
|
Arham Empires |
|
5000000 |
|
Dhiren Enterprises |
|
1068000 |
|
|
|
|
|
Total |
|
205434312 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2014
|
Category |
Percentage |
|
Bodies corporate |
42.97 |
|
Directors or relatives of Directors |
54.26 |
|
Other top fifty shareholders |
2.77 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Coil Springs, Precision Sheet Metal and Tubular Components,
Forgings, Tube Mill, Wire Drawing and Aluminum Pressure Die Casting. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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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 : |
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Financial Institution : |
· Hero Honda Finlease Limited, 34, Community Center, Basant Lok, Vasant Vihar, New Delhi – 110057, Delhi, India · Tata Capital Financial Services Limited, One Forbes, Dr. V.B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
VSD and Associates Chartered Accountants |
|
Address : |
DD-34, Basement, Kalkaji, New Delhi – 110019, India |
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PAN No.: |
AAEFV5670P |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and their
relatives : |
· Emkay HGH Auto Private Limited · Emkay Auto (Indore) Private Limited · Victoria Agro Food Processing Private Limited |
CAPITAL STRUCTURE
AS ON 28.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000000 |
Equity Shares |
Re.1/- each |
Rs.250.000 Million |
|
|
|
|
|
Issued & Subscribed Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
205434312 |
Equity Shares |
Re.1/- each |
Rs.205.434 Million |
|
|
|
|
|
Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
202400312 |
Equity Shares |
Re.1/- each |
Rs.202.400 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 |
202.400 |
199.366 |
194.366 |
|
(b) Reserves & Surplus |
234.534 |
231.663 |
186.228 |
|
(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) |
436.934 |
431.029 |
380.594 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
119.943 |
76.229 |
63.261 |
|
(b) Deferred tax liabilities (Net) |
41.295 |
38.018 |
34.658 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
13.350 |
|
(d) long-term
provisions |
10.586 |
9.356 |
2.216 |
|
Total Non-current
Liabilities (3) |
171.824 |
123.603 |
113.485 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
458.649 |
442.449 |
376.203 |
|
(b) Trade
payables |
328.647 |
326.436 |
359.244 |
|
(c) Other
current liabilities |
142.145 |
126.405 |
101.257 |
|
(d) Short-term
provisions |
4.396 |
11.055 |
15.506 |
|
Total Current
Liabilities (4) |
933.837 |
906.345 |
852.210 |
|
|
|
|
|
|
TOTAL |
1542.595 |
1460.977 |
1346.289 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
463.701 |
442.023 |
431.102 |
|
(ii)
Intangible Assets |
5.813 |
6.269 |
6.935 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
3.544 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
53.335 |
56.693 |
36.693 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
88.387 |
63.485 |
63.115 |
|
(e) Other Non-current
assets |
8.510 |
10.035 |
9.580 |
|
Total Non-Current
Assets |
619.746 |
578.505 |
550.969 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
1.193 |
1.167 |
21.141 |
|
(b)
Inventories |
400.526 |
328.447 |
266.013 |
|
(c) Trade
receivables |
377.151 |
402.171 |
398.075 |
|
(d) Cash
and cash equivalents |
7.948 |
15.354 |
6.501 |
|
(e)
Short-term loans and advances |
136.031 |
135.333 |
103.590 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
922.849 |
882.472 |
795.320 |
|
|
|
|
|
|
TOTAL |
1542.595 |
1460.977 |
1346.289 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2063.161 |
2188.072 |
2055.717 |
|
|
|
Other Income |
9.414 |
6.606 |
16.646 |
|
|
|
TOTAL (A) |
2072.575 |
2194.678 |
2072.363 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1395.352 |
1510.704 |
1423.128 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(12.248) |
(13.502) |
(70.464) |
|
|
|
Employee Benefits Expenses |
155.483 |
154.230 |
132.560 |
|
|
|
Other Expenses |
404.759 |
379.289 |
430.191 |
|
|
|
TOTAL (B) |
1943.346 |
2030.721 |
1915.415 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
129.229 |
163.957 |
156.948 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
80.634 |
81.224 |
79.975 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
48.595 |
82.733 |
76.973 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
42.582 |
38.938 |
35.188 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
6.013 |
43.795 |
41.785 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.141 |
3.360 |
(0.929) |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
2.872 |
40.435 |
42.714 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.01 |
0.21 |
0.21 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
90.050 |
61.897 |
44.406 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
0.14 |
1.85 |
2.08 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
6.26 |
7.49 |
7.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
0.40 |
3.12 |
3.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.10 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.53 |
1.35 |
1.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99 |
0.97 |
0.93 |
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 |
194.366 |
199.366 |
202.400 |
|
Reserves & Surplus |
186.228 |
231.663 |
234.534 |
|
|
0.000 |
0.000 |
0.000 |
|
Net
worth |
380.594 |
431.029 |
436.934 |
|
|
|
|
|
|
long-term borrowings |
63.261 |
76.229 |
119.943 |
|
Short term borrowings |
376.203 |
442.449 |
458.649 |
|
Current Maturities of Long term debt |
44.406 |
61.897 |
90.050 |
|
Total
borrowings |
483.870 |
580.575 |
668.642 |
|
Debt/Equity
ratio |
1.271 |
1.347 |
1.530 |
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 |
2055.717 |
2188.072 |
2063.161 |
|
|
|
6.438 |
(5.709) |
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
|
2055.717 |
2188.072 |
2063.161 |
|
Profit |
42.714 |
40.435 |
2.872 |
|
|
2.08% |
1.85% |
0.14% |
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) |
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 |
No |
|
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 |
NOTE: Registered office address of the company has
been shifted from S-99, Greater Kailash-II, Part-II, New Delhi – 110048, India
to the present address w.e.f. 11.05.2007
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Rupee term loans from banks |
47.274 |
18.393 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Term loans from banks |
89.021 |
79.077 |
|
|
|
|
|
Total |
136.295 |
97.470 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10568749 |
31/03/2015 |
9,000,000.00 |
Kotak Mahindra Prime Limited |
27bkc, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra - 400051, India |
C53316287 |
|
2 |
10546904 |
13/01/2015 |
19,500,000.00 |
Mahindra and Mahindra Financial Services Limited |
Gateway Building, Apollo Bunder, Mumbai, Maharashtra - 400001, India |
C42372078 |
|
3 |
10471388 |
26/11/2013 |
14,000,000.00 |
Reliance Capital Limited |
"H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, India |
B93958312 |
|
4 |
10461849 |
17/10/2013 |
24,450,000.00 |
Tata Capital Financial Services Limited |
One
Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, |
B90200288 |
|
5 |
10446098 |
14/07/2013 |
30,000,000.00 |
Hero Fincorp Limited |
34, Community Centre, Basant Lok, Vasant Vihar, New Delhi, Delhi - 110057, India |
B83584581 |
|
6 |
10416632 |
28/03/2013 |
16,000,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B72253297 |
|
7 |
10384636 |
19/10/2012 |
12,000,000.00 |
Hero Fincorp Limited |
34, Community Centre, Basant Lok, Vasant Vihar, New Delhi, Delhi - 110057, India |
B61441481 |
|
8 |
10355851 |
17/10/2013 * |
83,150,000.00 |
Tata Capital Financial Services Limited |
One
Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, |
B90201096 |
|
9 |
10355862 |
17/10/2013 * |
91,750,000.00 |
Tata Capital Financial Services Limited |
One
Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, |
B90198896 |
|
10 |
10353368 |
17/10/2013 * |
64,450,000.00 |
Tata Capital Financial Services Limited |
One
Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, |
B90200692 |
|
11 |
10486666 |
07/04/2007 |
50,000,000.00 |
The Hongkong And Shanghai Banking Corporation Limited |
25, Birla House, Barakhamba Road, New Delhi, Delhi - 110001, India |
A20952123 |
|
12 |
10007431 |
16/05/2006 |
3,700,000.00 |
Hero Fincorp Limited |
34, Community Centre, Basant Lok, Vasant Vihar, New Delhi, Delhi - 110057, India |
A01777762 |
|
13 |
90055637 |
22/03/2011 * |
443,100,000.00 |
State Bank of India |
Overseas Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, New Delhi, Delhi - 110001, India |
B11159605 |
|
14 |
90055532 |
26/02/2005 * |
23,500,000.00 |
State Bank of India |
SCB ; Focal Point, Ludhiana, Punjab, India |
- |
|
15 |
90054859 |
26/03/2003 |
60,100,000.00 |
State Bank of India |
Specialised Commercial Branch, Focal Pint, Ludhiana, Delhi, India |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 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 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.63.85 |
|
|
1 |
Rs.100.99 |
|
Euro |
1 |
Rs.72.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
33 |
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.