MIRA INFORM REPORT
|
Report No. : |
350619 |
|
Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
KRISHNA MARUTI LIMITED |
|
|
|
|
Registered
Office : |
40 K. M. NH-8, Delhi-Jaipur Highway, Village Nursingpur, Gurgaon – 122001, Haryana |
|
Tel. No.: |
91-124-4725017 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
25.06.1991 |
|
|
|
|
Com. Reg. No.: |
05-032012 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.42.410 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300HR1991PLC032012 |
|
|
|
|
IEC No.: |
0594006449 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK1316N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Exporting of car seats, covers and assemblies for
motor Vehicles and their engines |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
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 |
|
Maximum Credit Limit : |
USD 4100000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is Group Company of “Krishna Group” incorporated on 25th
June 1991, it is well established company having good track. During FY 2014, the company achieved sales turnover of Rs.9312.000 Million
and reported top line growth of 2.08%. Profitability of the company stood at
3.1% backed by is debt to equity at 0.72 times. Rating take into consideration on over and above operating
performance, strong networth position backed by its decent balance sheet
profile of the company. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. In view of being a part of Krishna Group of companies backed by decent
financial position, the company can be considered 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 – 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 |
ICRA |
|
Rating |
Term loans : A |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
March, 2014 |
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
Management non co-operative (91-124-4725017)
LOCATIONS
|
Registered Office : |
40 K. M. NH-8, Delhi-Jaipur Highway, Village Nursingpur,
Gurgaon – 122001, Haryana, India |
|
Tel. No.: |
91-124-4725017 |
|
Fax No.: |
91-124-4725001 |
|
E-Mail : |
companysecretary@krishnagroup.co.in |
|
Website : |
|
|
|
|
|
Gurgaon Office : |
Plot No.17, 20, MSIL Supplier Park, Sec 3A, Gate-4, IMT Manesar, Gurgaon-122001, Haryana, India |
|
Tel. No.: |
91-124-4776432 |
|
|
|
|
Manufacturing
Plants 1: |
KML Molding-Plastic
Division Plot No.18-19, MSIL Supplier Park, Sec 3A, Gate-4, IMT Manesar, Gurgaon-122001, Haryana, India |
|
Tel. No.: |
91-124-4776412 -413 |
|
|
|
|
Manufacturing
Plants 2: |
Plastic Division Plot No. 48, Sector -3, IMT Manesar, Gurgaon-122001, Haryana, India |
DIRECTORS
AS ON 28.08.2014
|
Name : |
Mr. Ashok Kapur |
|
Designation : |
Managing Director |
|
Address : |
B-5, Chirag Enclave, New Delhi – 110048, India |
|
Date of Birth/Age : |
24.06.1946 |
|
Qualification : |
B.ARCH |
|
Date of Appointment : |
25.06.1991 |
|
DIN No.: |
00003577 |
|
|
|
|
Name : |
Mr. Sunandan Kapur |
|
Designation : |
Managing Director |
|
Address : |
B-5, Chirag Enclave, New Delhi – 110048, India |
|
Date of Birth/Age : |
21.08.1974 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.04.2000 |
|
DIN No.: |
00003638 |
|
|
|
|
Name : |
Mr. Sanjay Mohan Labroo |
|
Designation : |
Director |
|
Address : |
Accacia Lane, Green Avenue, Krishangarh, Behind D-L, Vasant Kunj, New
Delhi – 110070, India |
|
Date of Birth/Age : |
05.10.1961 |
|
Qualification : |
MBA |
|
Date of Appointment : |
27.09.1996 |
|
DIN No.: |
00009629 |
|
|
|
|
Name : |
Mr. Parvesh Soni |
|
Designation : |
Whole-time director |
|
Address : |
32, Sector -9, Faridabad - 121006, Haryana, India |
|
Date of Birth/Age : |
04.07.1963 |
|
Date of Appointment : |
18.05.2012 |
|
DIN No.: |
00009994 |
|
|
|
|
Name : |
Mr. Chandra Kant Dave |
|
Designation : |
Director |
|
Address : |
F-15, Richmond Park, DLF Phase – IV, Gurgaon, India |
|
Date of Birth/Age : |
19.07.1950 |
|
Qualification : |
B.TECH |
|
Date of Appointment : |
22.02.2005 |
|
Date of Cessation : |
21.11.2014 |
|
DIN No.: |
00148586 |
|
|
|
|
Name : |
Keiichi Asai |
|
Designation : |
Director |
|
Address : |
Room No. 533, Ashok Hotel, Diplomatic Enclave, Chanakyaouri, New Delhi
– 110021, India |
|
Date of Birth/Age : |
14.05.2008 |
|
Qualification : |
Degree in electronics |
|
Date of Appointment : |
14.05.2008 |
|
Date of Cessation : |
03.12.2013 |
|
DIN No.: |
02034826 |
|
Name : |
Rajeev Thakore |
|
Designation : |
Nominee Director |
|
Address : |
J-355,, New Rajinder Nagar, New Delhi - 110060, India |
|
Date of Appointment : |
20.02.2015 |
|
DIN No.: |
00001732 |
|
|
|
|
Name : |
Arti Kapur |
|
Designation : |
Director |
|
Address : |
B - 5, Chirag Enclave, New Delhi, 110048, India |
|
Date of Appointment : |
01.01.2015 |
|
DIN No.: |
00003604 |
|
|
|
|
Name : |
Kenichi Ayukawa |
|
Designation : |
Nominee director |
|
Address : |
F-071, Park Place, Dlf City, Phase V, Gurgaon - 122002, Haryana, India |
|
Date of Appointment : |
28.05.2014 |
|
DIN No.: |
02262755 |
|
|
|
|
Name : |
Venkat Raman Challa |
|
Designation : |
Nominee director |
|
Address : |
G-31, Regent House, Dlf City, Phase IV, Gurgaon - 122009, Haryana, India |
|
Date of Appointment : |
20.02.2015 |
|
DIN No.: |
07093663 |
KEY EXECUTIVES
|
Name : |
Parshuram Baranwal |
|
Designation : |
Secretary |
|
Address : |
Flat No.502, Laxmi Niwas, Sector - 10, Gurgaon -122001, Haryana, India |
|
Date of Birth/Age : |
01.02.1975 |
|
Date of Appointment : |
16.11.2005 |
|
PAN No.: |
AHSPB9676Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.08.2014
|
Names of Shareholders |
No. of Shares |
|
Ashok Kapur |
1371849 |
|
Arti Kapur |
14000 |
|
Ashok Kapur (HUF) |
115150 |
|
Sharsh Finance and Investment Company Private Limited, India |
830000 |
|
Suzuki Motor Corporation, India |
1240000 |
|
Maruti Suzuki India Limited, India |
670000 |
|
Sunandan Kapur |
1 |
|
|
|
|
Total |
4241000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.08.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
29.24 |
|
Bodies corporate |
35.36 |
|
Directors or relatives of Directors |
35.40 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Exporting of car seats, covers and assemblies for
motor Vehicles and their engines |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
Not Available |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
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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||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Financial Institution : |
Maruti Suzuki India Limited, Plot No.1,Nelson Mandela Road, Vasant Kunj, New Delhi - 110070, India |
|
|
|
|
Auditors : |
|
|
Name : |
Uberoi Sood and Kapoor Chartered Accountants |
|
Address : |
606, Vishal Bhawan, 95, Nehru Palace, New Delhi, India |
|
PAN No.: |
AAAFU1674L |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Joint venture : |
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5500000 |
Equity Shares |
Rs.10/- each |
Rs.55.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4241000 |
Equity Shares |
Rs.10/- each |
Rs.42.410 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 |
42.410 |
42.410 |
42.410 |
|
(b) Reserves &
Surplus |
1377.686 |
1084.416 |
950.944 |
|
(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) |
1420.096 |
1126.826 |
993.354 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
450.000 |
59.779 |
182.817 |
|
(b) Deferred tax
liabilities (Net) |
14.460 |
29.931 |
34.896 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
5.939 |
13.250 |
123.398 |
|
Total Non-current
Liabilities (3) |
470.399 |
102.960 |
341.111 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
612.936 |
547.578 |
260.808 |
|
(b) Trade payables |
1160.319 |
1415.744 |
1485.946 |
|
(c) Other current
liabilities |
468.821 |
387.878 |
463.118 |
|
(d) Short-term provisions |
30.301 |
52.774 |
0.612 |
|
Total Current Liabilities
(4) |
2272.377 |
2403.974 |
2210.484 |
|
|
|
|
|
|
TOTAL |
4162.872 |
3633.760 |
3544.949 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1199.153 |
1266.768 |
1316.565 |
|
(ii) Intangible Assets |
10.484 |
8.336 |
8.979 |
|
(iii) Capital
work-in-progress |
77.224 |
24.002 |
135.962 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
33.882 |
33.882 |
33.882 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
773.548 |
94.186 |
68.592 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
2094.291 |
1427.174 |
1563.980 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
100.220 |
|
(b) Inventories |
277.292 |
354.085 |
346.780 |
|
(c) Trade receivables |
1353.787 |
1342.074 |
854.859 |
|
(d) Cash and cash
equivalents |
63.476 |
59.661 |
11.888 |
|
(e) Short-term loans and
advances |
374.026 |
450.766 |
667.222 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
2068.581 |
2206.586 |
1980.969 |
|
|
|
|
|
|
TOTAL |
4162.872 |
3633.760 |
3544.949 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
9228.836 |
9099.795 |
8751.860 |
|
|
Other Income |
83.942 |
23.901 |
93.176 |
|
|
TOTAL (A) |
9312.778 |
9123.696 |
8845.036 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
7593.204 |
7593.559 |
7517.871 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
46.383 |
(25.813) |
(87.405) |
|
|
Employees benefits
expense |
393.466 |
359.092 |
336.591 |
|
|
Other expenses |
511.796 |
597.419 |
579.099 |
|
|
TOTAL (B) |
8544.849 |
8524.257 |
8346.156 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
767.929 |
599.439 |
498.880 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
94.596 |
68.618 |
74.086 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
673.333 |
530.821 |
424.794 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
269.014 |
325.035 |
302.641 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
404.319 |
205.786 |
122.153 |
|
|
|
|
|
|
|
Less |
TAX (H) |
111.047 |
72.314 |
4.688 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
293.272 |
133.472 |
117.465 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
64.952 |
0.000 |
NA |
|
|
Technical Service |
12.000 |
48.204 |
NA |
|
|
TOTAL EARNINGS |
76.952 |
48.204 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
69.15 |
31.47 |
27.7 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
360.066 |
173.958 |
294.823 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
3.18 |
1.47 |
1.34 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
8.32 |
6.59 |
5.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.98 |
5.75 |
3.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.18 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.00 |
0.69 |
0.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.91 |
0.92 |
0.90 |
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 |
42.410 |
42.410 |
42.410 |
|
Reserves & Surplus |
950.944 |
1084.416 |
1377.686 |
|
Net worth |
993.354 |
1126.826 |
1420.096 |
|
|
|
|
|
|
long-term borrowings |
182.817 |
59.779 |
450.000 |
|
Short term borrowings |
260.808 |
547.578 |
612.936 |
|
Current Maturities of
Long Term Debt |
294.823 |
173.958 |
360.066 |
|
Total borrowings |
738.448 |
781.315 |
1423.002 |
|
Debt/Equity ratio |
0.743 |
0.693 |
1.002 |
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 |
8751.860 |
9099.795 |
9228.836 |
|
|
|
3.976 |
1.418 |
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 |
8751.860 |
9099.795 |
9228.836 |
|
Profit |
117.465 |
133.472 |
293.272 |
|
|
1.34% |
1.47% |
3.18% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
--- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
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 |
FINANCIAL AND
HIGHLIGHTS
The Financial Year 2013-14 was the year of challenges for the Company. The Company also faced a slowdown in the auto component industry. However, with its commitment, conviction and perseverance strategies, it was able to came out of the tough times and posed a moderate growth. The Company achieved a total income of Rs. 9312.778 Million as against Rs. 9123.696 Million in the previous year marking a growth of 2.07%. The EBIDTA as percentage of Net Sale stood at 8.28% as compared to 6.55% last year. The Profit before Tax during the year was Rs. 404.317 Million as against Rs. 205.786 Million in the previous year. The Company earned a profit after tax of Rs. 293.270 Million during the year.
ICRA RATINGS
The Company has been awarded the financial credit rating of A on its bank facilities by ICRA. The rating highlights the financial strength of the Company in terms of the highest safety with regard to timely fulfillment of its financial obligations. The ‘A’ rating shows that the outlook for the long term rating is ‘Stable’.
GENERAL INFORMATION
The Company was incorporated under the name Sona Car Seats Limited in the year 1991 and the name of the company was changed to Krishna Maruti Limited in 1994. The company manufactures seats, plastic parts, dies and moulds for automotive industry. It is a Joint Venture of Ashok Kapur and his Associates, Suzuki Motor Corporation Japan and Maruti Suzuki India Limited.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10535469 |
12/11/2014 |
450,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
7TH FLOOR, AMBADEEP
BUILDING,, 14, K. G. MARG, CO |
C36279388 |
|
2 |
10520385 |
18/09/2014 |
600,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA TOWERS, 25, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
C21022900 |
|
3 |
10452902 |
18/09/2014 * |
825,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA TOWERS, 25, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
C21021100 |
|
4 |
10456235 |
26/09/2013 |
300,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA TOWERS, 25, BARAKHAMBHA ROAD,, NEW DELHI, DELHI - 110001, INDIA |
B88019948 |
|
5 |
10437828 |
02/09/2013 * |
600,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
AMBADEEP BUILDING,
14, K. G. MARG, NEW DELHI, DEL |
B85919124 |
|
6 |
10431441 |
11/07/2014 * |
790,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA TOWERS, 25, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
C12231387 |
|
7 |
10073811 |
25/09/2013 * |
540,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA TOWERS, 25, BARAKHAMBHA ROAD,, NEW DELHI, DELHI - 110001, INDIA |
B85559839 |
|
8 |
10073819 |
25/09/2013 * |
540,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA TOWERS, 25, BARAKHAMBHA ROAD,, NEW DELHI, DELHI - 110001, INDIA |
B85560431 |
|
9 |
10008420 |
15/06/2013 * |
250,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
AMBADEEP BUILDING, 14, K. G. MARG, NEW DELHI, DELHI - 110001, INDIA |
B78774890 |
|
10 |
80002091 |
15/06/2013 * |
275,000,000.00 |
CITIBANK N.A |
JEEVAN BHARTI
BUILDING, 4TH FLOOR, 124, CONNAUGHT |
B79877668 |
* Date of charge modification
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 records 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.66.11 |
|
|
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
60 |
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.