MIRA INFORM REPORT
|
Report No. : |
347600 |
|
Report Date : |
02.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SVASCA INDUSTRIES (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
SF 20, Cross River Mall, Plot No. 9B and 9C, (CBD) Shahdara, Delhi-110032 |
|
Tel. No.: |
91-11-42111611 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
12.05.1997 |
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|
|
|
Com. Reg. No.: |
55-087192 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs. 30.715 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28999DL1997PLC087192 |
|
|
|
|
IEC No.: |
0597056617 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS15013F |
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|
|
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PAN No.: [Permanent Account No.] |
AADCS5110K |
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|
|
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Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
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Line of Business
: |
Manufactures transformers and transformer components. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 200800 |
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|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1997 and the company manufactures
transformers and transformer components. For the financial year ended 2014, revenue of the company has declined
by 27.49% but it has maintained above average profit margins at 1.06% during
the year under a review. Rating continue to reflect company’s working-capital-intensive
operations, weak financial profile marked by high gearing and subdued debt
protection metrics, and small scale of operations in the fragmented
transformer industry. Rating weaknesses is partially offset by the extensive experience of
company’s promoter in the transformer industry. Trade relations are reported as fair. Payments are reported to be slow
but correct. In view of aforesaid, the company can be considered for business
dealing 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : B |
|
Rating Explanation |
Risk-prone-credit-quality and carries very high credit risk. |
|
Date |
22.07.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
22.07.2015 |
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 DENIED BY
|
Name : |
Mr. Siddharth Tayal |
|
Designation : |
Whole-Time Director |
|
Contact No.: |
91-9811030312 |
|
Date : |
29.10.2015 |
LOCATIONS
|
Registered Office : |
SF 20, Cross River Mall, Plot No. 9B and 9C, (CBD) Shahdara, Delhi-110032, India |
|
Tel. No.: |
91-11-42111611 |
|
Mobile No.: |
91-9811030312 (Mr. Siddharth) |
|
Fax No.: |
91-11-42111612 |
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E-Mail : |
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|
Website : |
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|
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Factory 1 : |
48th Mile Stone, Delhi- Mathura Road, Village- Prithla, Palwal– 121102, Haryana, India |
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|
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Factory 2 : |
Plot No. 19, Sector-06, I.I.E. SIDCUL, Pant Nagar, Rudrapur- 263 153, Udham Singh Nagar, Uttarakhand, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Tripti Tayal |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
C-74, Surya Nagar, District Ghaziabad, Ghazaibad-201011, Uttarakhand, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.04.1985 |
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Date of Appointment : |
30.10.2012 |
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DIN No.: |
05113916 |
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|
|||||||||||||||||||||||||||
|
Name : |
Mr. Siddharth Tayal |
|||||||||||||||||||||||||||
|
Designation : |
Whole-Time Director |
|||||||||||||||||||||||||||
|
Address : |
C-74, Surya Nagar, District Ghaziabad, Ghazaibad-201011, Uttarakhand, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.08.1979 |
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Date of Appointment : |
01.10.2010 |
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DIN No.: |
01049154 |
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Other Directorship:
|
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|
|||||||||||||||||||||||||||
|
Name : |
Mr. Aditya Tayal |
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|
Designation : |
Additional Director |
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|
Address : |
C-74, Surya Nagar, District Ghaziabad, Ghazaibad-201011, Uttarakhand, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.08.1987 |
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|
Date of Appointment : |
12.10.2013 |
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DIN No.: |
06729722 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
SHAREHOLDING FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
13.00 |
|
Directors or relatives of Directors |
87.00 |
|
Total |
100.00 |
%20LIMITED%20-%20347600%2002-Nov-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufactures transformers and transformer components. |
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|
|
|
Products : |
Transformer components |
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|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
·
ONGC ·
Indian Oil ·
SRS Real Estate ·
TDI Creating Landmarks ·
HSIDC ·
DHBVN ·
HVPN ·
Ansal Housing |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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Financial
Institution : |
· Intec Capital Limited, 701, Manjusha, 57 Nehru Place, New Delhi - 110019, India · Dewan Housing Finance Corporation Limited, Warden House, 2nd Floor Sir P M Road, Fort, Mumbai - 400001, Maharashtra, India |
|
Auditors : |
|
|
Name : |
Naveen Upadhyaya and Associates Chartered Accountants |
|
Address : |
13 Basement, Vinoba Puri, Lajpat Nagar-II, New Delhi- 110024, India |
|
Tel. No.: |
91-11-29830619 |
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Mobile No.: |
91-9911334882 |
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Fax No.: |
91-11-29830619 |
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E-Mail : |
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|
Website : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFN1033H |
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|
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,071,540 |
Equity Shares |
Rs.10/- each |
Rs. 30.715
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 |
30.715 |
30.715 |
30.715 |
|
(b) Reserves & Surplus |
39.584 |
37.120 |
35.067 |
|
(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) |
70.299 |
67.835 |
65.782 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
175.373 |
172.417 |
174.622 |
|
(b) Deferred tax liabilities (Net) |
0.296 |
0.818 |
0.818 |
|
(c) Other long term
liabilities |
8.038 |
5.365 |
24.982 |
|
(d) long-term
provisions |
0.910 |
3.256 |
1.605 |
|
Total Non-current
Liabilities (3) |
184.617 |
181.856 |
202.027 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
20.412 |
13.942 |
14.502 |
|
(b) Trade
payables |
143.653 |
138.852 |
136.790 |
|
(c) Other
current liabilities |
10.851 |
12.738 |
19.100 |
|
(d) Short-term
provisions |
1.300 |
0.910 |
2.000 |
|
Total Current
Liabilities (4) |
176.216 |
166.442 |
172.392 |
|
|
|
|
|
|
TOTAL |
431.132 |
416.133 |
440.201 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
33.424 |
31.765 |
39.347 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
34.548 |
48.954 |
39.784 |
|
(e) Other
Non-current assets |
50.623 |
25.705 |
37.394 |
|
Total Non-Current
Assets |
118.595 |
106.424 |
116.525 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
152.326 |
115.432 |
127.653 |
|
(c) Trade
receivables |
103.582 |
163.945 |
165.890 |
|
(d) Cash
and cash equivalents |
48.123 |
23.661 |
22.956 |
|
(e)
Short-term loans and advances |
1.687 |
4.183 |
3.077 |
|
(f) Other
current assets |
6.819 |
2.488 |
4.100 |
|
Total
Current Assets |
312.537 |
309.709 |
323.676 |
|
|
|
|
|
|
TOTAL |
431.132 |
416.133 |
440.201 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
233.370 |
324.955 |
418.826 |
|
|
|
Other Income |
4.740 |
3.451 |
2.717 |
|
|
|
TOTAL |
238.110 |
328.406 |
421.543 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
192.872 |
246.097 |
373.946 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(19.403) |
23.073 |
(33.449) |
|
|
|
Employees benefits expense |
7.342 |
10.221 |
12.820 |
|
|
|
Other expenses |
18.826 |
21.935 |
26.638 |
|
|
|
Exceptional Items |
0.000 |
(16.928) |
(0.209) |
|
|
|
TOTAL |
199.637 |
284.398 |
379.746 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
38.473 |
44.008 |
41.797 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
33.098 |
36.819 |
32.462 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.375 |
7.189 |
9.335 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
3.630 |
4.226 |
5.900 |
|
|
|
|
|
|
|
|
|
Add |
INCOME
TAX PAID FOR EARLIER YEAR / EXCESS PROVISION OF INCOME TAX |
1.496 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3.241 |
2.963 |
3.435 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.778 |
0.910 |
1.762 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
2.463 |
2.053 |
1.673 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
0.80 |
0.67 |
0.54 |
|
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 |
|
Net cash flows from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.06 |
0.63 |
0.40 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
16.49 |
13.54 |
9.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.75 |
0.71 |
0.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.04 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.79 |
2.75 |
2.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.77 |
1.86 |
1.88 |
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 |
30.715 |
30.715 |
30.715 |
|
Reserves & Surplus |
35.067 |
37.120 |
39.584 |
|
Net
worth |
65.782 |
67.835 |
70.299 |
|
|
|
|
|
|
long-term borrowings |
174.622 |
172.417 |
175.373 |
|
Short term borrowings |
14.502 |
13.942 |
20.412 |
|
Total
borrowings |
189.124 |
186.359 |
195.785 |
|
Debt/Equity
ratio |
2.875 |
2.747 |
2.785 |
%20LIMITED%20-%20347600%2002-Nov-2015_files/image015.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 |
418.826 |
324.955 |
233.370 |
|
|
|
(22.413) |
(28.184) |
%20LIMITED%20-%20347600%2002-Nov-2015_files/image017.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 |
418.826 |
324.955 |
233.370 |
|
Profit |
1.673 |
2.053 |
2.463 |
|
|
0.40% |
0.63% |
1.06% |
%20LIMITED%20-%20347600%2002-Nov-2015_files/image019.gif)
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 |
No |
|
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 |
NOTE: The registered office of the company has been shifted from E-186, Krishna Market, Lajpat Nagar-I, New Delhi-110024, India to the present address w.e.f. 30.03.2011
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Other Loans and
Advances |
|
|
|
lntec Security Limited (Ag pledge of FDR) NC No- 01 11198 |
0.000 |
5.613 |
|
lntec Security Limited (Ag pledge of FDR) A/c No- 01 11203 |
0.000 |
5.482 |
|
lntec Security Limited (Ag pledge gf FDR) A/c No- 1435 |
5.144 |
7.469 |
|
Bajaj Finance Limited (Against Business Loan) |
0.000 |
0.676 |
|
Barclays Bank PLC (Against Business Loan) |
0.000 |
0.682 |
|
Magma Fincorp Limited (Against Business Loan) |
0.000 |
0.540 |
|
National Small Industrial Corporation Limited |
5.799 |
5.937 |
|
From directors |
5.673 |
5.796 |
|
From Relatives and others |
8.763 |
6.571 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
lntec Security Limited (Against pledge of FDR of Rs. 17.172 Million) (Default in repayment of loan and Intt.) |
|
|
|
lntec Security Limited (Loan A/c No. 0111198) |
6.474 |
2.738 |
|
lntec Security Limited (Loan A/c No. 01 11203) |
6.342 |
2.738 |
|
lntec Security Limited (Loan A/c No.1435) |
5.718 |
5.051 |
|
Barclays Bank PLC (Against Business Loan) |
0.682 |
1.262 |
|
Magma Fincorp Limited (Against Business Loan) |
0.540 |
0.890 |
|
Bajaj Finance Limited (Against Business Loan) |
0.656 |
1.263 |
|
|
45.791 |
52.708 |
FINANCIAL RESULTS
During the year, the gross receipts of the company are Rs. 328.406 Million, as compared to Rs. 238.110 Million during the previous year. The Net Profit of the company has been increased from Rs. 2.054 Million to Rs. 2.463 Million during the year.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10373275 |
27/07/2012 |
16,200,000.00 |
INTEC CAPITAL LIMITED |
701,MANJUSHA, 57 NEHRU PLACE, NEW DELHI, Delhi - 110019, INDIA |
B56693328 |
|
2 |
10318275 |
31/10/2011 |
1,760,613.00 |
DEWAN HOUSING FINANCE CORPORATION LIMITED |
WARDEN HOUSE 2ND FLOORSIR P M ROAD, FORT, MUMBAI, |
B25564030 |
|
3 |
10245603 |
20/05/2013 * |
300,000,000.00 |
Bank of India |
Connaught Circus Branch, H-16,, Indira Palace, Connaught Cirucs, New
Delhi, Delhi - 110001, INDIA |
B77842219 |
|
4 |
10028107 |
21/11/2006 |
15,000,000.00 |
Bank of India |
Connaught Cirucs, New Delhi, Delhi - 110001, INDIA |
A07615792 |
|
5 |
90040126 |
04/06/2005 |
65,500,000.00 |
BANK OF INDIA |
CONNAUGHT CIRCUS BRANCH, NEW DELHI, Delhi, INDIA |
- |
|
6 |
90038142 |
18/05/2011 * |
320,000,000.00 |
Bank of India |
Connaught Circus Branch, H-16, Indira Palace, Con |
B14280465 |
|
7 |
90035143 |
06/01/2000 * |
2,000,000.00 |
BANK OF INDIA |
CONNAUGHT CIRCUS, NEW DELHI, Delhi - 110001, INDIA |
- |
|
8 |
90034610 |
09/11/2000 * |
2,000,000.00 |
BANK OF INDIA |
CONNAUGHT CIRCUS, NEW DELHI, Delhi, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Building
- Land and Equipment
- Furniture and fixture
- Land
- Vehicles
- Office equipment
- Computer equipment
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 : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.