MIRA INFORM REPORT
|
Report No. : |
344199 |
|
Report Date : |
10.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
TECNOVA INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
573, 3rd Floor, Main Road, Chirag Delhi, New Delhi - 110017 |
|
Tel. No.: |
91-124-4356300 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
27.06.1984 |
|
|
|
|
Com. Reg. No.: |
55-018517 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299DL1984PTC018517 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged as a consulting firm specializing in
providing workable strategy solutions and implementation assistance to foreign
companies for leveraging the India advantage. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 517000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 1984. It is into providing
consultancy and software services. For the FY 2014, the company has achieved revenue of Rs.295.540
Million marked by profitability margin of 3.43%. The company possesses adequate networth base marked increase in its
cash and cash equivalents, reduction in its borrowings and there is
favourable gap between trade payables and receivables. Trade relations are fair. Business is active. Payments are usually
correct. The company can be considered for 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Ashwin |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-124-4356300 |
|
Name : |
Mr. Gobind |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-124-4356300 |
|
Date : |
08.10.2015 |
LOCATIONS
|
Registered Office : |
573, 3rd Floor, Main Road, Chirag Delhi, New Delhi – 110017, India |
|
Tel. No.: |
91-11-26863576 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
335, Udyog Vihar, Phase IV, Gurgaon - 122015, Haryana, India |
|
Tel. No.: |
91-124-4356300 |
|
Fax No.: |
91-124-4308207 |
DIRECTORS
AS ON 02.09.2014
|
Name : |
Mr. Natalino Duo |
|
Designation : |
Director |
|
Address : |
D-124, 2nd Floor, Panchsheel Enclave, New Delhi - 110024, India |
|
Date of Appointment : |
04.10.2006 |
|
DIN No.: |
00183828 |
|
|
|
|
Name : |
Mr. Gurdeep Singh |
|
Designation : |
Director |
|
Address : |
M-1, Breach Candy Apartments, Bhulabhai Desai Road, Mumbai - 400026, Maharashtra, India |
|
Date of Appointment : |
04.10.2006 |
|
DIN No.: |
00036922 |
|
|
|
|
Name : |
Mr. Frank Albert Wilhelm Elbe |
|
Designation : |
Director |
|
Address : |
Ambassador Retd. Attorney Of Law, Fritz-Schr.Ufer38, Bonn, 53111, Germany |
|
Date of Appointment : |
04.10.2006 |
|
DIN No.: |
01199584 |
|
|
|
|
Name : |
Mrs. Sonali Yograj Nath |
|
Designation : |
Director (resigned 10.02.2014 but go re appointed on 02.09.2014) |
|
Address : |
N-94, Panchsheel Park, New Delhi - 110017, India |
|
Date of Appointment : |
02.09.2014 |
|
DIN No.: |
02857244 |
|
|
|
|
Name : |
Mr. Karan Singal |
|
Designation : |
Director |
|
Address : |
123a, Sainik Farms, New Delhi - 110062, India |
|
Date of Appointment : |
10.02.2014 |
|
DIN No.: |
00037580 |
|
|
|
|
Name : |
Mr. Nikhil Nath |
|
Designation : |
Director |
|
Address : |
A-21, Niti Bagh, New Delhi - 110049, India |
|
Date of Appointment : |
10.02.2014 |
|
DIN No.: |
00373172 |
|
|
|
|
Name : |
Mr. Ajay Muttreja |
|
Designation : |
Additional Director |
|
Address : |
I - 52,Ashok Niketan, Naraina Vihar, New Delhi - 110028, India |
|
Date of Appointment : |
19.11.2014 |
|
DIN No.: |
00078035 |
|
|
|
|
Name : |
Mrs. Smita Yograj Singal |
|
Designation : |
Additional Director |
|
Address : |
123, Sainik Farms, New Delhi - 110062, India |
|
Date of Appointment : |
22.01.2015 |
|
DIN No.: |
02857230 |
|
|
|
|
Name : |
Mr. Gurbrinder Singh Gill |
|
Designation : |
Director |
|
Address : |
Roe Beech, Beaulieu Road, Lyndhurst, So43 7da, Na, United Kingdom |
|
Date of Appointment : |
06.04.2002 |
|
DIN No.: |
00355461 |
KEY EXECUTIVES
|
Name : |
Mr. Ajay Muttreja |
|
Designation : |
CEO |
|
Address : |
I - 52,Ashok Niketan, Naraina Vihar, New Delhi - 110028, India |
|
PAN No.: |
AGBPM1070H |
|
Date of Appointment : |
01.01.2015 |
|
|
|
|
Name : |
Mr. Ashwin |
|
Designation : |
Accounts Department |
|
|
|
|
Name : |
Mr. Gobind |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 02.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Natalino Duo |
278650 |
2.06 |
|
Gurbrinder Singh Gill |
563141 |
4.17 |
|
Abhey Yograj |
12491568 |
92.53 |
|
Sakish Pandit |
2500 |
0.02 |
|
Neera Yograj |
164141 |
1.22 |
|
Total |
13500000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 02.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged as a consulting firm specializing in
providing workable strategy solutions and implementation assistance to
foreign companies for leveraging the India advantage. |
|
|
|
|
Services: |
Consultancy and software services |
|
|
|
|
Brand Names : |
Not Available |
|
|
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|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Available |
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Imports : |
Not Available |
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|
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|
Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
·
·
SIG ·
·
·
·
·
Schoeller-Bleckmann
Oilfield Equipment AG, ·
Commercial
metals International AG (CMC), ·
Umdasch AG
(Doka), ·
Bekaert, ·
Lafarge Boral
Gypsum, UAE ·
·
FLAG ·
·
Ball Packaging, ·
·
Umicore, ·
ISS, ·
Innoge, ·
CHR. ·
·
Polarcup
(Huhatamaki), ·
Danaher Group, ·
·
Goss
international, ·
GEC ·
Hughes Network, ·
GL Events, ·
·
MGE UPS, France ·
·
·
Avery Denison, ·
·
fluke network, ·
·
General ·
·
Energy
Solutions, US ·
·
ICO ,Inc, ·
·
Direct Fuels, ·
·
Johns Manville
(Warren Buffet Company), ·
Sachtleben
Chemie ·
Pioneer Hi Bred,
·
SICK, ·
·
·
Union ·
·
Valmont
Industries, ·
·
·
·
Protomold Company, ·
·
·
NKT Cables Group
·
·
Hollingsworth
and Vose Gmbh ·
Baldwin
Technology Company, ·
·
Preformed Line
Products, ·
ISTA
International ·
·
J Colors, ·
Martec (Baxter),
·
·
Uniroyal
Chemicals, ·
·
·
·
·
Allignment
Systems (AS), ·
ESL ·
Blaser
Swisslube, Switzerland |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
S. N. Dhawan and Company Chartered Accountants |
|
Address : |
C 37, Connaught Place, New Delhi – 110001, India |
|
PAN No.: |
AAQFS0580H |
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|
|
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary Companies : |
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Joint Ventures: |
Christian Louboutiin India Private Limited |
|
|
|
|
Enterprises owned or significantly influenced by key management
personnel or their relatives : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20,000,000 |
Equity Shares |
Re.1/- each |
Rs. 20.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
13,500,000 |
Equity Shares |
Re.1/- each |
Rs.13.500 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 |
13.500 |
13.500 |
13.500 |
|
(b) Reserves &
Surplus |
167.316 |
220.363 |
217.301 |
|
(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) |
180.816 |
233.863 |
230.801 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1.220 |
3.831 |
1.568 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
3.060 |
3.060 |
3.060 |
|
(d) long-term provisions |
15.258 |
12.348 |
11.340 |
|
Total Non-current
Liabilities (3) |
19.538 |
19.239 |
15.968 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
16.193 |
21.953 |
28.338 |
|
(c) Other current
liabilities |
51.284 |
36.327 |
27.103 |
|
(d) Short-term provisions |
68.512 |
14.356 |
15.649 |
|
Total Current Liabilities
(4) |
135.989 |
72.636 |
71.090 |
|
|
|
|
|
|
TOTAL |
336.343 |
325.738 |
317.859 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
39.341 |
46.053 |
45.368 |
|
(ii) Intangible Assets |
0.543 |
0.776 |
1.196 |
|
(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 |
5.471 |
5.471 |
0.816 |
|
(c) Deferred tax assets
(net) |
8.352 |
7.504 |
7.088 |
|
(d) Long-term Loan and Advances |
5.940 |
6.315 |
6.315 |
|
(e) Other Non-current
assets |
8.968 |
3.658 |
4.997 |
|
Total Non-Current Assets |
68.615 |
69.777 |
65.780 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
49.351 |
61.379 |
43.312 |
|
(d) Cash and cash
equivalents |
182.966 |
175.794 |
193.163 |
|
(e) Short-term loans and
advances |
27.291 |
15.449 |
9.669 |
|
(f) Other current assets |
8.120 |
3.339 |
5.935 |
|
Total Current Assets |
267.728 |
255.961 |
252.079 |
|
|
|
|
|
|
TOTAL |
336.343 |
325.738 |
317.859 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
260.697 |
264.608 |
290.273 |
|
|
Other Income |
34.842 |
28.201 |
21.320 |
|
|
TOTAL |
295.539 |
292.809 |
311.593 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
|
130.877 |
127.375 |
|
|
Other expenses |
|
130.110 |
135.679 |
|
|
TOTAL EXPENSES |
270.193 (Including
Financial Expenses) |
260.987 |
263.054 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
31.822 |
48.539 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
1.426 |
1.147 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
25.346 |
30.396 |
47.392 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
9.663 |
10.629 |
8.993 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
15.683 |
19.767 |
38.399 |
|
|
|
|
|
|
|
Less |
TAX |
5.553 |
8.808 |
16.882 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
10.130 |
10.959 |
21.517 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
135.314 |
133.347 |
121.826 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
1.013 |
1.095 |
2.151 |
|
|
Dividend |
6.750 |
6.750 |
6.750 |
|
|
Tax on Dividend |
1.147 |
1.147 |
1.095 |
|
|
Total |
8.910 |
8.992 |
9.996 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
136.534 |
135.314 |
133.347 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Consultancy Fees /
Professional Income |
183.724 |
208.765 |
236.733 |
|
|
TOTAL EARNINGS |
183.724 |
208.765 |
236.733 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
0.75 |
0.81 |
1.59 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities
of Long term debt |
|
|
|
|
Vehicle Loans |
|
|
|
|
From Bank |
0.518 |
1.230 |
NA |
|
From Others |
2.297 |
1.753 |
NA |
|
Total |
2.815 |
2.983 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
3.89 |
4.14 |
7.41 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
NA |
12.03 |
16.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.86 |
6.32 |
12.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.08 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.01 |
0.02 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.97 |
3.52 |
3.55 |
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 |
13.500 |
13.500 |
13.500 |
|
Reserves & Surplus |
217.301 |
220.363 |
167.316 |
|
Net worth |
230.801 |
233.863 |
180.816 |
|
|
|
|
|
|
long-term borrowings |
1.568 |
3.831 |
1.220 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
1.568 |
3.831 |
1.220 |
|
Debt/Equity ratio |
0.007 |
0.016 |
0.007 |
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 |
290.273 |
264.608 |
260.697 |
|
|
|
(8.842) |
(1.478) |
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 |
290.273 |
264.608 |
260.697 |
|
Profit |
21.517 |
10.959 |
10.130 |
|
|
7.41% |
4.14% |
3.89% |
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 |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10567676 |
16/04/2015 |
3,916,900.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,, SENAPATI BAPAT MARG, LOWER PARE |
C52786506 |
|
2 |
10363766 |
21/02/2012 |
1,600,000.00 |
DAIMLER FINANCIAL SERVICES INDIA PRIVATE LIMITED |
UNIT 202, 2ND FLOOR, CAMPUS 3B,RMZ MILLENNIA, BUS |
B37667268 |
|
3 |
10199832 |
12/12/2009 |
1,500,000.00 |
INDIAN BANK |
HAUZ KHAS, NEW DELHI, NEW DELHI, DELHI - 110016, |
A78254208 |
|
4 |
10156668 |
08/04/2009 |
853,000.00 |
INDIAN BANK |
HAUZ KHAS, NEW DELHI, DELHI - 110016, INDIA |
A61846671 |
|
5 |
10112410 |
26/06/2008 |
1,500,000.00 |
INDIAN BANK |
HAUZ KHAS , NEW DELHI, DELHI - 110016, INDIA |
A41788043 |
|
6 |
10317133 |
15/05/2008 |
4,450,000.00 |
INDIAN BANK |
HAUZ KHAS , NEW DELHI, DELHI - 110016, INDIA |
A43420736 |
|
7 |
90044840 |
30/07/2005 |
524,014.00 |
ICICI BANK LTD. |
ICICI BANK TOWER, B.K.C., MUMBAI, MAHARASHTRA, IN |
- |
NOTE :
The registered office of the company has been shifted
from A-10, Greenpark, New Delhi, India to the present address w.e.f. 01.11.2010.
operations
the company achieved of Rs.295.539 Million as
against Rs.292.809 Million in the immediately preceding previous year, thereby
registering an increase in the turnover by 0.93%. The company has earned profit
before tax of Rs.15.683 Million.
the directors are making sincere efforts to
increase business and profitability of the company
NATURE OF OPERATIONS
Subject was incorporated at New Delhi on 27th June, 1984 as a consulting firm specializing in providing workable strategy solutions and implementation assistance to foreign companies for leveraging the India advantage. It helps foreign companies investigate opportunities, understand markets, start up business, compete effectively and expand in India.
Tecnova is based in Gurgaon, Haryana. The key segments it services are FMCG retailing, healthcare pharma and auto. It is also advising midsized Indian Finns that are planning to go global. This includes setting up partnerships or greenfield operations abroad as well as small and midsized mergers and acquisitions deals. Tecnova has a Build-Operate-Transfer model that minimizes client's upfront investment, management attention and ramp up time. This entry option safeguards foreign company's potential risks and maximizes returns.
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.64.78 |
|
|
1 |
Rs.99.54 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Information Gathered
by : |
DPA |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.