MIRA INFORM REPORT
|
Report No. : |
347936 |
|
Report Date : |
02.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
CONSUL NEOWATT POWER SOLUTIONS PRIVATE LIMITED [w.e.f.18.07.2014] |
|
|
|
|
Formerly Known
As : |
CONSUL CONSOLIDATED PRIVATE LIMITED CONSOLIDATED CONTROLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4/329A, Old Mahabalipuram Road, Chennai – 600041, Tamilnadu |
|
Tel. No.: |
91-44-40004200 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
20.05.1985 |
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|
|
|
Com. Reg. No.: |
18-011866 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.787
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31900TN1985PTC011866 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEC05164F |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCC2553Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Manufacturer, Exporter, Importer and Supplier of Online UPS,
Industrial Inverters, Solar Inverters, Industrial Systems, Stabilizers,
Isolation Transformers, Active Harmonic Filters, etc. |
|
|
|
|
No. of Employees
: |
1000 (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 |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Peepul Capital Fund III LLC, Mauritius. It
is an established company incorporated in the year 1985. It has satisfactory
track record. The rating takes into consideration sound financial risk profile of
the company marked by decent networth base and its comfortable debt level in
FY14. The company has earned minimal profit from its operations over
previous year loss. However, the additional capital added by its holding
company in the same consecutive year has resulted improvement in the capital
structure. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of strong managerial and financial support from its holding
company, subject can be considered normal for business dealings with 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 |
CARE |
|
Rating |
Long term Bank facilities = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
March 05, 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Bank facilities = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
March 05, 2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. Sri Subramaniam |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-44-40004200 |
|
Date : |
31.10.2015 |
LOCATIONS
|
Registered Office/ Factory 1 : |
4/329A, Old Mahabalipuram Road, Chennai – 600041, Tamilnadu, India |
|
Tel. No.: |
91-44-30004100/ 10/ 20 |
|
Fax No.: |
91-44-42932323 |
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E-Mail : |
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|
Website : |
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Corporate/ Head Office/ Factory 2 : |
119, 120, 120A, Electrical and Electronics Industrial Estate, Perungudi, Chennai - 600096, Tamilnadu, India |
|
Tel. No.: |
91-44-40004200 |
|
|
|
|
Factory 3 : |
Megatech House, S. No. 36/1/1, Holkarwadi, Tal. Haveli, District Pune – 412308, Maharashtra, India |
|
Tel. No.: |
91-20-64784041-64 |
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|
|
|
Regional Offices : |
Located at · New Delhi · Mumbai · Ahmedabad · Bangalore · Secunderabad · Kolkata ·
Chennai |
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|
Branch Offices : |
Located at SOUTH Andhra
Pradesh ·
Hyderabad ·
Secundarabad ·
Tirupati ·
Vizag ·
Vijayawada ·
Warangal Goa ·
Goa Karnataka ·
Bangalore ·
Gulbarga ·
Gulbarga ·
Mangalore ·
Mysore Kerala ·
Cochin ·
Calicut ·
Trivandrum Pondicherry ·
Pondicherry Tamil Nadu ·
Ambattur ·
Chennai ·
Coimbatore ·
Dindigul ·
Erode ·
Hosur ·
Karur ·
Madurai ·
Maraimalai Nagar ·
Sivakasi ·
Salem ·
Sriperumpudur ·
Tirupur ·
Trichy ·
Tirunelveli ·
Tuticorin ·
Vellore NORTH Chandigarh ·
Chandigarh Himachal
Pradesh Delhi (NCR) ·
New Delhi ·
Noida ·
Haryana ·
Faridabad ·
Manesar ·
Rohtak ·
Sonipat Jammu &
Kashmir Punjab ·
Ludhiana Rajasthan ·
Bhiwadi ·
Jaipur ·
Jodhpur Uttarakhand ·
Rudrapur Uttar Pradesh ·
Agra ·
Allahabad ·
Ghaziabad ·
Gorakhpur ·
Kanpur ·
Lucknow ·
Noida ·
Varanasi WEST Chattisgarh ·
Raipur Gujarat ·
Ahmedabad ·
Baroda ·
Gandhidham ·
Rajkot ·
Surat ·
Vapi Maharashtra ·
Aurangabad ·
Belgaum ·
Kolhapur ·
Mumbai ·
Nagpur ·
Pune Madhya
Pradesh ·
Bhopal ·
Indore EAST Assam ·
Guwahati Arunachal
Pradesh Bihar ·
Patna Jharkhand ·
Ranchi Manipur Mizoram Meghalaya Nagaland Orissa ·
Bhubaneshwar Sikkim Tripura West Bengal ·
Kolkata ·
Siligiri |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Ramakrishnan Sriram |
|
Designation : |
Managing director |
|
Address : |
Block No.5, Apartment, 7-A, Rani Meyammai Towers, MRC Nagar Chennai –
600028,Tamilnadu, India |
|
Date of Birth/Age : |
03.06.1972 |
|
Date of Appointment : |
23.08.2013 |
|
PAN No.: |
BMYPS9707B |
|
DIN No.: |
06543572 |
|
|
|
|
Name : |
Venkat Shankar |
|
Designation : |
Director |
|
Address : |
No 3C, Nithyashree Apartments, 51 Chambers Road, R A Puram, Chennai –
600028, Tamilnadu, India |
|
Date of Appointment : |
05.04.2012 |
|
DIN No.: |
02223282 |
|
|
|
|
Name : |
Nurni Parameswaran Krishnan |
|
Designation : |
Director |
|
Address : |
2B, Shankara Apartments, No. 97/41, 4th Main Road, Gandhi Nagar,
Adyar, Chennai – 600020, Tamilnadu, India
|
|
Date of Appointment : |
01.04.1992 |
|
PAN No.: |
AAKPK9516B |
|
DIN No.: |
02823506 |
|
|
|
|
Name : |
Mr. Shivaji Gulab Waghmare |
|
Designation : |
Director |
|
Address : |
A3/11, Samrat Garden, S.R. No. 85/1, Behind Vaibhav Theatre, Hadapsar,
Pune – 411028, Maharashtra, India |
|
Date of Appointment : |
30.07.2014 |
|
DIN No.: |
05182416 |
|
|
|
|
Name : |
Mr. Vijay Rajagopal |
|
Designation : |
Director |
|
Address : |
Flat No. 36, 5th Floor, Vihswakamal Apartments, No. 245,
R.K. Mutt Road (Near Mylapore Tank), Chennai – 600004, Tamilnadu, India |
|
Date of Appointment : |
05.04.2012 |
|
DIN No.: |
05247750 |
KEY EXECUTIVES
|
Name : |
Mr. Sri Subramaniam |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Peepul Capital Fund III LLC, Mauritius |
|
127246 |
|
N.P. Krishnan |
|
3691 |
|
Sujatha Krishnan |
|
440 |
|
N.K. Param |
|
350 |
|
Krithika Krishnan |
|
350 |
|
|
|
|
|
Total |
|
132077 |
AS ON 29.09.2014
|
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] |
96.34 |
|
Directors
or relatives of directors |
3.66 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter, Importer and Supplier of Online UPS,
Industrial Inverters, Solar Inverters, Industrial Systems, Stabilizers, Isolation
Transformers, Active Harmonic Filters, etc. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
· Zambia · Sri Lanka · Switzerland · Bangladesh · Nigeria |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Depend |
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Purchasing : |
Depend |
PRODUCTION STATUS (AS ON 31.03.2014)
|
Particulars |
Unit |
Actual
Production |
|
|
|
|
|
Servo Stabliser |
Nos. |
5113 |
|
Uninterrupted Power Supply Systems |
Nos. |
16072 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEMs · NCC · Glenmark · Siemens · Apollo · Ashok Leyland · Tata Indicom · Wipro |
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
·
Canara Bank Mount Road Branch, 781-785, Anna Salai, Chennai -
600002, Tamilnadu, India · Corporation Bank |
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Facilities : |
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|
Banking
Relations : |
-- |
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Financial Institution : |
· Tata Capital Financial Services Limited One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India |
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Auditors : |
|
|
Name : |
B. Srinivasan and Company Chartered Accountants |
|
Address : |
No.3, Playground View Street, Nandhanam
Extension, Chennai – 600035, Tamilnadu, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAPB8683L |
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|
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
Peepul Capital Fund III LLC |
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Subsidiary Company
: |
Megatech Power Equipments Private Limited [U41109TN1993PTC095098] |
|
|
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|
Fellow subsidiaries
: |
· Cura Healthcare Private Limited [U51397TN2001PTC047385] · Rhea Healthcare Private Limited [U85110TN2008PTC067734] · Brandis Manufacturing and Marketing Private Limited [U18109KA2009PTC051868] |
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
163,000 |
Equity Shares |
Rs. 100/- each |
Rs. 16.300 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
132,077 |
Equity Shares |
Rs. 100/- each |
Rs. 13.208
Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125,000 |
Equity Shares |
Rs. 100/- each |
Rs. 16.300 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
107,865 |
Equity Shares |
Rs. 100/- each |
Rs. 10.787
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 |
10.787 |
6.982 |
4.820 |
|
(b) Reserves & Surplus |
773.099 |
331.566 |
195.623 |
|
(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) |
783.886 |
338.548 |
200.443 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.630 |
18.534 |
47.006 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
4.856 |
|
(c)
Other long term liabilities |
0.445 |
0.488 |
0.498 |
|
(d)
long-term provisions |
22.793 |
25.565 |
32.915 |
|
Total
Non-current Liabilities (3) |
23.868 |
44.587 |
85.275 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
148.927 |
137.224 |
18.449 |
|
(b)
Trade payables |
647.597 |
293.218 |
214.619 |
|
(c)
Other current liabilities |
65.415 |
73.661 |
17.581 |
|
(d)
Short-term provisions |
58.549 |
52.620 |
4.428 |
|
Total
Current Liabilities (4) |
920.488 |
556.723 |
255.077 |
|
|
|
|
|
|
TOTAL |
1728.242 |
939.858 |
540.795 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
177.261 |
119.902 |
122.527 |
|
(ii)
Intangible Assets |
16.815 |
0.309 |
0.523 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
355.250 |
155.250 |
0.000 |
|
(c) Deferred tax assets
(net) |
17.114 |
18.370 |
0.000 |
|
(d) Long-term Loan
and Advances |
27.263 |
24.480 |
6.428 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
593.703 |
318.311 |
129.478 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
2.459 |
75.071 |
0.000 |
|
(b)
Inventories |
318.273 |
195.168 |
127.774 |
|
(c)
Trade receivables |
692.473 |
269.232 |
232.187 |
|
(d)
Cash and cash equivalents |
45.351 |
57.397 |
30.949 |
|
(e)
Short-term loans and advances |
34.072 |
6.877 |
6.293 |
|
(f)
Other current assets |
41.911 |
17.802 |
14.114 |
|
Total
Current Assets |
1134.539 |
621.547 |
411.317 |
|
|
|
|
|
|
TOTAL |
1728.242 |
939.858 |
540.795 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1626.299 |
1052.170 |
1115.301 |
|
|
|
Other Income |
11.914 |
6.459 |
5.679 |
|
|
|
TOTAL (A) |
1638.213 |
1058.629 |
1120.980 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1132.519 |
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(1.974) |
(25.288) |
|
|
|
|
Employees benefits expense |
234.090 |
215.227 |
|
|
|
|
Other expenses |
227.262 |
219.301 |
|
|
|
|
TOTAL (B) |
1591.897 |
1170.141 |
1093.352 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
46.316 |
(111.512) |
27.628 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
35.712 |
18.895 |
19.072 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.604 |
(130.407) |
8.556 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.001 |
4.711 |
3.850 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
6.603 |
(135.118) |
4.706 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.256 |
(23.224) |
4.667 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
5.347 |
(111.894) |
0.039 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of finished goods |
1.194 |
3.898 |
NA |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
190.515 |
178.019 |
NA |
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
61.97 |
(2111.34) |
0.81 |
|
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 |
(227.168) |
(52.402) |
NA |
|
|
|
|
|
|
Net Cash flow from Operating Activities |
(227.168) |
(52.402) |
28.474 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.33 |
(10.63) |
0.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
2.85 |
(10.60) |
2.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.49 |
(17.63) |
0.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
(0.40) |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.19 |
0.46 |
0.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.12 |
1.61 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
4.820 |
6.982 |
10.787 |
|
Reserves & Surplus |
195.623 |
331.566 |
773.099 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
200.443 |
338.548 |
783.886 |
|
|
|
|
|
|
Long-term borrowings |
47.006 |
18.534 |
0.630 |
|
Short term borrowings |
18.449 |
137.224 |
148.927 |
|
Total
borrowings |
65.455 |
155.758 |
149.557 |
|
Debt/Equity
ratio |
0.327 |
0.460 |
0.191 |
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 |
1115.301 |
1052.170 |
1626.299 |
|
|
|
-5.660 |
54.566 |
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 |
1115.301 |
1052.170 |
1626.299 |
|
Profit/ (Loss) |
0.039 |
(111.894) |
5.347 |
|
|
0.00% |
(10.63%) |
0.33% |
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 |
Yes |
|
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
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 |
10555963 |
19/06/2015 * |
130,000,000.00 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V.
B. GANDHI MARG, FORT, MUMBAI, |
C58210147 |
|
2 |
10431731 |
23/12/2014 * |
235,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING
BRANCH, NO.192, KARUMUTHU NILAYAM, ANNASALAI, CHENNAI, TAMIL NADU - 600002,
INDIA |
C41111675 |
|
3 |
10378520 |
15/09/2014 * |
300,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING
BRANCH, KARUMUTHU NILAYAM, N0.1, 92, ANNA SALAI, CHENNAI, TAMIL NADU -
600002, INDIA |
C30894703 |
|
4 |
90306279 |
11/01/1995 |
916,000.00 |
TERRITOTIAL ASSISTANT
COMMESSIONER OF COMMERCIAL T |
COMMERCIAL TAXES
ADMINISTRATION OFFICE COMPLEX, EVR PAVAZHA MAALIGAI GREAMS ROAD, MADRAS,
TAMIL NADU, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
0.000 |
15.000 |
|
|
|
|
|
Total |
0.000 |
15.000 |
BACKGROUND OF THE COMPANY
Consul Consolidated Pvt Ltd
was incorporated on 20th May, 1985. It is into the business of manufacturing
and selling power supply and conditioning systems viz. Solar , Stabiliser, UPS
systems and solar inverters etc.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Claims against
company not acknowledged as debts: |
|
|
|
i) Bank Guarantees |
107.423 |
49.810 |
|
ii) Other monies for which the company is
contingently liable: (Being Letter of Credit outstanding) |
21.162 |
144.191 |
|
iii) Income Tax pending with Commissioner Appeals |
0.203 |
0.203 |
|
iv) Corporate Guarantee issued on behalf of
Subsidiary to Axis Bank |
185.000 |
0.000 |
|
|
|
|
|
Total |
313.788 |
194.204 |
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Other plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
·
Computer equipments
·
Other equipments
· 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,
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. 65.22 |
|
|
1 |
Rs. 99.93 |
|
Euro |
1 |
Rs. 71.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
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 |
|
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.