MIRA INFORM REPORT
|
Report No. : |
311947 |
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Report Date : |
12.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
EMERSON NETWORK POWER ( |
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Formerly Known As : |
LIEBERT SYSTEM SUPPORT EQUIPMENTS LIMITED |
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Registered Office : |
Plot No.C-20, Road No.19, Wagle Industrial Estate, Thane – 400604, |
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Country : |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
10.03.1993 |
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Com. Reg. No.: |
11-071079 |
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Capital
Investment / Paid-up Capital : |
Rs. 100.560 Million |
|
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CIN No.: [Company
Identification No.] |
U74999MH1993PTC071079 |
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IEC No.: |
Not Available |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUML01804F |
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PAN No.: [Permanent
Account No.] |
AAACT4033H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufactures of Uninterruptible
Power Supply (UPS) Systems, Climate and Environmental Systems, DC power
systems, Automatic Transfer Switches (ATS), Racks, Monitoring Solutions and Enclosures
for IT Server protection |
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|
|
|
No. of Employees
: |
600
(Approximately) |
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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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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 decent profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and 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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Chauhan |
|
Designation : |
Admin Department |
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Contact No.: |
91-22-67208000 |
|
Date : |
10.03.2015 |
LOCATIONS
|
Registered/ Head Office/ Factory 1 : |
Plot No.C-20, Road No.19, Wagle Industrial Estate, Thane – 400604, |
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Tel. No.: |
91-22-67208000/ 001/ 25802388/ 25807000 |
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Fax No.: |
91-22-25828358/ 25800829 |
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Email : |
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Website : |
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Factory 2: |
Plot No G-1 Additional Ambernathn Industrial Area Phase 2 Bohonoli
Ambernath, Maharashtra, India |
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Zonal Offices : |
Mumbai B 414-424, Bhaveshwar Arcade, L.B.S. Marg,
Ghatkopar (West), Mumbai 400086. Phone : 91-22-67208800/ 09000, Fax : 91-2- 25002415
Phone : 91-11-28754206/ 28750774/
28757706/ 28753214/28755071/28756038 Fax : 91-11-28751601 Customer Care No: 91- 9810091400 Kolkata Phone : 91-33 - 40023100/22890490/93 Fax : 91-33 - 2289049 Emergency Service No : 40023190 Sales/ Service Fax No : 40023101 General Inquiry No : 40023100
Phone : 91-80-41135670/ 41135870/ 5635401/2/3/5/6 Fax : 91-80-41135570 |
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Branch Office: |
Pune Office No. 7, IInd Floor, Pratibha Towers, Opposite Jog Center, Pune-Mumbai Road, Wakdewadi Pune-411 003, India E-Mail : Pune@EmersonNetwork.co.in Phone : 91-20-66235050/ 66235000/ 25670709/ 25676975 Fax : 91-20-24004020 Nagpur E-Mail : nagpur@emersonnetwork.co.in rajendra.sabre@emersonnetwork.co.in Phone : 91-712- 5634997 39/2, Arunodaya Society, Alkapuri, E-Mail : Baroda@EmersonNetwork.co.in Phone : 91-265-2330383/ 6598400 Fax : 91-265-2343937 205,Sukhsagar Complex, Beside Fortune Landmark Hotel, Usmanpura,
E-Mail : tll_ahm@yahoo.co.in Phone : 91-79-27560230/ 27560240 Fax : 91-79 - 26441739 Dheeraj Kawal, 1st
flr, Near Vkl Stn, L.B.S. Marg, Vikhroli(W), 109, Ratnamani Complex, 7/1, New Palasia, E-Mail : Indore@EmersonNetwork.co.in Phone : 91-731-4023806 Fax : 91-731-2554824 Kashi Kunj , Road No. 2, Ground Floor,
Contractors Area ,Bistupur, E-Mail : Jamshedpur@EmersonNetwork.co.in Phone : 91-657-2227678, Fax : 91-657-2227678 No. 1, E-Mail : Chennai@EmersonNetwork.co.in Phone : 91-44-228151063/69 Fax : 91-44-228151442 Secunderabad E-Mail : Hyderabad@EmersonNetwork.co.in Devendra.Mansabdar@Emersonnetwork.co.in Phone : 91-40-27806771/2/5/6 Fax : 91-40-27806777 34/B-17, SVP Complex, 2nd Floor, No.7, Visakha Executiva Centre, 47-11-1/5, 1st Floor,
EswarArcade, Dwarakanagar, No.40/9338( New No. 59/4517), 4th Floor, E-Mail : Cochin@EmersonNetwork.co.in Phone : 91-484-2341986 86 Fax : 91-484- 2341985 Plot no. C-11, Sector-A, Zone-A,
Mancheswar industrial Estate, Bhubaneswar-751010 E-Mail : Bhubaneshwar@EmersonNetwork.co.in
Phone : 91-674-2586003 |
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DIRECTORS
As On 31.03.2014
|
Name : |
Mr. Kersi M. Gherda |
|
Designation : |
Director |
|
Address : |
9A Sterling Apartment, |
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Date of Birth/Age : |
16.08.1928 |
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Date of Appointment : |
10.03.1993 |
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DIN No : |
00237125 |
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Name : |
Mr. Pradipta Tirthapati Sen |
|
Designation : |
Director |
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Address : |
A1-61 Safdurjung Enclave, |
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Date of Birth/Age : |
07.10.1958 |
|
Date of Appointment : |
11.06.2001 |
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DIN No : |
00051758 |
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Name : |
Mr. Dara Phirozeshaw Mehta |
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Designation : |
Director |
|
Address : |
4" Floor, South Lands, 177, Colaba Road,, Mumbai, 400005,
Maharashtra, India |
|
Date of Birth/Age : |
13.07.1933 |
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Date of Appointment : |
16.03.1995 |
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DIN No : |
00041164 |
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Name : |
Mr. Peter John Baptista |
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Designation : |
Director |
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Address : |
5-G Grenville House, 1 Magazine Gap Road, Hong Kong |
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Date of Birth/Age : |
08.11.1943 |
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Date of Appointment : |
26.05.2003 |
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DIN No : |
05228555 |
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Name : |
Mr. Sandeep Madan Prakash Gupta |
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Designation : |
Additional Director |
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Address : |
C-204 Vasant Sadhna, Mahaveer Nagar Kandivali (West) Mumbai – 400607,
Maharashtra, India |
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Date of Birth/Age : |
17.09.1968 |
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Date of Appointment : |
06.06.2012 |
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DIN No : |
02355890 |
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|
Name : |
Mr. Terry Blaine |
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Designation : |
Additional Director |
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Address : |
6B3D, Rose Garden Phase 3, Nanhai, Shekou,
Nanshan District. Shenzhen, Shenzhen, 518067, United States Of America |
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Date of Birth/Age : |
28.06.1962 |
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Date of Appointment : |
20.03.2012 |
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DIN No : |
05310443 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Liebert Corporation, USA |
4500000 |
44.75 |
|
|
4500000 |
44.75 |
|
EMR (Mauritius) Mauritius |
1,055,992 |
10.50 |
|
Total |
10,055,992 |
100.00 |
%20PRIVATE%20LIMITED%20-%20311947%2012-Mar-2015_files/image014.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20311947%2012-Mar-2015_files/image016.gif)
AS ON 30.09.2014
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufactures of Uninterruptible Power
Supply (UPS) Systems, Climate and Environmental Systems, DC power systems,
Automatic Transfer Switches (ATS), Racks, Monitoring Solutions and Enclosures
for IT Server protection |
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|
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Products : |
·
Air and Power ·
Liebert ·
ASCO ·
Emerson Energy Systems
|
GENERAL INFORMATION
|
No. of Employees
: |
600
(Approximately) |
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Bankers : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
B B S R
and
Company Chartered Accountant |
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Address : |
Lodha Enclave, Appolo Mills Compound, N.M. Joshi Marg, Mahalaxmi,
Mumbai - 400011, Maharashtra, India |
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PAN No.: |
AAAFB9852F |
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Ultimate Holding
Company : |
Emerson Electric Company, ST Louis, USA |
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Fellow
Subsidiary Company : |
CIN No.: U29190MH1995PTC087858
CIN No.:
U33111TN1987PTC014841
CIN No.: U29196MH1981PTC024115
CIN No.: U32107PN1996PTC097677
CIN No.: U31101KA2000PTC026953
CIN No.: U31200DL1991PTC043306
CIN No.: U93090TN1985PLC024245
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Holding Company : |
Liebert Corporation Inc, Columbus, USA |
CAPITAL STRUCTURE
As On 10.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs. 10/- each |
Rs. 110.000 Million |
|
3000000 |
Preference Shares |
Rs. 10/- each |
Rs. 30.000 Million |
|
|
|
|
Rs. 140.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10055992 |
Equity Shares |
Rs. 10/- each |
Rs.100.560
Million |
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|
|
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 |
100.560 |
100.560 |
100.560 |
|
(b) Reserves & Surplus |
10388.500 |
10117.900 |
10318.000 |
|
(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) |
10489.060 |
10218.460 |
10418.560 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
28.300 |
28.500 |
15.400 |
|
(c) Other long term
liabilities |
151.600 |
119.100 |
108.900 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
179.900 |
147.600 |
124.300 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
69.000 |
|
(b) Trade
payables |
2511.640 |
1939.640 |
1784.340 |
|
(c) Other
current liabilities |
1140.700 |
906.900 |
842.600 |
|
(d) Short-term
provisions |
575.500 |
489.100 |
244.000 |
|
Total Current
Liabilities (4) |
4227.840 |
3335.640 |
2939.940 |
|
|
|
|
|
|
TOTAL |
14896.800 |
13701.700 |
13482.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1020.900 |
304.900 |
325.900 |
|
(ii)
Intangible Assets |
47.500 |
58.900 |
80.500 |
|
(iii)
Capital work-in-progress |
26.400 |
754.900 |
423.500 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5746.300 |
5746.300 |
7531.700 |
|
(c) Deferred tax assets (net) |
171.700 |
163.900 |
77.700 |
|
(d) Long-term Loan and Advances |
457.800 |
450.700 |
469.200 |
|
(e) Other
Non-current assets |
0.100 |
13.200 |
16.700 |
|
Total Non-Current
Assets |
7470.700 |
7492.800 |
8925.200 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1181.500 |
856.900 |
766.900 |
|
(c) Trade
receivables |
3718.400 |
2751.400 |
2533.600 |
|
(d) Cash
and cash equivalents |
1468.300 |
2208.900 |
853.600 |
|
(e)
Short-term loans and advances |
1039.600 |
336.800 |
395.700 |
|
(f) Other
current assets |
18.300 |
54.900 |
7.800 |
|
Total
Current Assets |
7426.100 |
6208.900 |
4557.600 |
|
|
|
|
|
|
TOTAL |
14896.800 |
13701.700 |
13482.800 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
11689.500 |
10302.700 |
9722.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
10588.400 |
9185.400 |
8372.300 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1101.100 |
1117.300 |
1349.700 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
392.200 |
345.500 |
428.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
708.900 |
771.800 |
921.300 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
70.49 |
76.81 |
91.62 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.06 |
7.49 |
9.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.30 |
15.88 |
24.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.11 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
N.A |
N.A |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.76 |
1.86 |
1.55 |
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 |
100.560 |
100.560 |
100.560 |
|
Reserves & Surplus |
10318.000 |
10117.900 |
10388.500 |
|
Net
worth |
10418.560 |
10218.460 |
10489.060 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
69.000 |
0.000 |
0.000 |
|
Total
borrowings |
69.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.007 |
0.000 |
0.000 |
%20PRIVATE%20LIMITED%20-%20311947%2012-Mar-2015_files/image018.gif)
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 |
9722.000 |
10302.700 |
11689.500 |
|
|
|
5.973 |
13.461 |
%20PRIVATE%20LIMITED%20-%20311947%2012-Mar-2015_files/image020.gif)
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 |
9722.000 |
10302.700 |
11689.500 |
|
Profit |
921.300 |
771.800 |
708.900 |
|
|
9.48% |
7.49% |
6.06% |
%20PRIVATE%20LIMITED%20-%20311947%2012-Mar-2015_files/image022.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check
List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year
of Establishment |
Yes |
|
2] |
Locality
of the firm |
Yes |
|
3] |
Constitutions
of the firm |
Yes |
|
4] |
Premises
details |
No |
|
5] |
Type
of Business |
Yes |
|
6] |
Line
of Business |
Yes |
|
7] |
Promoter's
background |
Yes |
|
8] |
No.
of employees |
No |
|
9] |
Name
of person contacted |
No |
|
10] |
Designation
of contact person |
No |
|
11] |
Turnover
of firm for last three years |
Yes |
|
12] |
Profitability
for last three years |
Yes |
|
13] |
Reasons
for variation <> 20% |
--- |
|
14] |
Estimation
for coming financial year |
No |
|
15] |
Capital
in the business |
Yes |
|
16] |
Details
of sister concerns |
Yes |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
No |
|
19] |
Payments
terms |
No |
|
20] |
Export
/ Import details (if applicable) |
No |
|
21] |
Market
information |
--- |
|
22] |
Litigations
that the firm / promoter involved in |
Yes |
|
23] |
Banking
Details |
No |
|
24] |
Banking
facility details |
No |
|
25] |
Conduct
of the banking account |
----- |
|
26] |
Buyer
visit details |
---- |
|
27] |
Financials,
if provided |
Yes |
|
28] |
Incorporation
details, if applicable |
Yes |
|
29] |
Last
accounts filed at ROC |
Yes |
|
30] |
Major
Shareholders, if available |
Yes |
|
31] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
LITIGATION DETAILS
|
LITIGATION DETAILS |
||||||||
|
Bench:- Bombay |
||||||||
|
Presentation date : - 22/11/2013 |
||||||||
|
Lodging No:- |
CPL/175/2013 |
Failing Date:- |
22.11.2013 |
Reg.No.: |
CP/256/2014 |
Reg.Date: |
28.03.2014 |
|
|
|
||||||||
|
Petitioner:- |
NITIN FIRE PROTECTION INDUSTRIES LTD- |
Respondent:- |
EMERSON NETWORK POWER (INDIA) PRIVATE LIMITED |
|||||
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Petn.Adv:- |
M/S CRAWFORD BAILEY CO () |
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District:- |
MUMBAI |
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Bench:- |
SINGLE |
Category:- |
COMPANY PETITION U/SEC 433,434,439 COMPANIES ACT |
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Status:- |
Pre-Admission |
Stage:- |
FOR ACCEPTANCE |
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Next Date:- |
27.11.2014 |
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Coram:- |
HON’BLE SHRI JUSTICE S.J. KATHWALLA |
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Last Date:- |
15.11.2014 |
Stage:- |
FOR ADMISSION-FRESH{ORIGINAL SIDE MATTERS} |
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Last Coram:- |
HON’BLE SHRI JUSTICE S.J. KATHWALLA |
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Act:- |
COMPANIES ACT AND RULES 1956 |
Under Section : 433,434 AND 439 |
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REVIEW OF
OPERATIONS AND OUTLOOK:-
The “new products”
introduced and “Next Generation UPS Solution,
DCIM product portfolio” offered to the Customers during the year have
been well received by the users and this welcome addition has since then been
reflected in the Company’s increasing order booking and sales for those
products.
The Company expects
growth, despite challenging market conditions, in UPS, Air Conditioning, DC and
other Telecom equipment business. Company’s venture in to overseas market and
establishing registered Company at Bangladesh also shows substantial business
opportunities. The Company also working with Emerson Corporate to incorporate
Private Limited Company at Sri Lanka to explore business opportunities in
particularly, telecom and power markets.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90147233 |
23/12/1998 |
120,000,000.00 |
CREDIT LYONNIAS |
MORARJEE MARG BALLARD ESTATE, MUMBAI, Maharashtra |
- |
|
2 |
90147085 |
23/12/1998 * |
62,000,000.00 |
CREDIT AGRICOLE INDOSUEZ |
RAMON HOUSE, 169 BACKBAY RECLAMATION, MUMBAI, Maharashtra - 400020,
INDIA |
- |
|
3 |
90140610 |
13/07/1996 |
200,000,000.00 |
UNION BANK OF INDIA |
239 VIDHAN BHAVAN, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
- |
|
4 |
90145863 |
15/01/1994 |
23,500,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 239 VIDHAN BHAVAN MARG |
- |
|
5 |
90147016 |
25/06/1999 * |
23,500,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 239 VIDHAN BHAVAN MARG |
- |
* Date of charge modification
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 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.61.86 |
|
|
1 |
Rs.97.12 |
|
Euro |
1 |
Rs.77.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
|
--PROFITABILIRY |
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 |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
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.