MIRA INFORM REPORT
|
Report No. : |
342571 |
|
Report Date : |
28.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANDRITZ HYDRO PRIVATE LIMITED (w.e.f.08.07.2009) |
|
|
|
|
Formerly Known
As : |
VA TECH HYDRO INDIA PRIVATE LIMITED CG ELIN POWER SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
D-17, MPAKVN Industrial Area, Mandideep – 462046, Madhya Pradesh |
|
Tel. No.: |
91-7480-400400/401 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2013 |
|
|
|
|
Date of
Incorporation : |
28.11.1996 |
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|
|
|
Com. Reg. No.: |
10-011430 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.291.028 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U04010MP1996PTC011430 |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLV00336A |
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|
|
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PAN No.: [Permanent Account No.] |
AABCV2446R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Hydro Power Plant. |
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|
|
|
No. of Employees
: |
900 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1828000 |
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|
|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated during the year 1996
and it is the manufacturer, exporter and importer of hydro power plant. As per registrar of companies, the date of balance sheet (i.e.
financial filed) is shown as 31.12.2014 but the documents related to the
financials are not available from any sources. However, as per available financial of December 2013, the company is
continuously incurring losses. Further, rating takes into consideration strong support from its holding
company Andritz AG, Austria and long potential in hydro power sector. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be usually correct. In view of strong holding support, 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 |
ICRA |
|
Rating |
Long Term Bank Facilities : A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
August, 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Bank Facilities : A1 |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
August, 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
|
Name : |
Mr. Nitin Jain |
|
Designation : |
Team Leader in Finance |
|
Contact No.: |
91-7480-423017 |
LOCATIONS
|
Registered Office : |
D-17, Mpakvn Industrial Area, Mandideep – 462046, |
|
Tel. No.: |
91-7480-400400 / 401 |
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Fax No.: |
91-7480-403393 / 403394 |
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E-Mail : |
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Websites: |
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Location: |
Leased |
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Locality: |
Industrial |
|
|
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Factory : |
49/5, |
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Tel No. : |
91-1275-262161 / 163 |
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Fax No. : |
91-1275-262055 |
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|
|
|
Corporate Office / Overseas Office: |
Penzinger Strasse, 76 A – 1141 Wien, Postfach |
|
Email ID: |
DIRECTORS
AS ON 11.06.2015
|
Name : |
Mr. Mahadevan Anand |
|
Designation : |
Director |
|
Address : |
C001 Yamuna Apartment, Alaknanda, New Delhi – 110019, India |
|
Date of Birth/Age : |
04.11.1951 |
|
Date of Appointment : |
26.03.2009 |
|
DIN No.: |
00088683 |
|
|
|
|
Name : |
Mr. Karl Quehenberger |
|
Designation : |
Managing Director |
|
Address : |
House No. 263, Sector – 21 A, Faridabad – 121001, Haryana, India |
|
Date of Birth/Age : |
23.09.1962 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
06564599 |
|
|
|
|
Name : |
Mr. Harald Heber |
|
Designation : |
Director |
|
Address : |
Haydnweg 11, Haumannstaetten, Austria 8071 |
|
Date of Birth/Age : |
24.10.1961 |
|
Date of Appointment : |
19.06.2008 |
|
DIN No.: |
02099980 |
|
|
|
|
Name : |
Mr. Didier Dechaud |
|
Designation : |
Additional Director |
|
Address : |
215 A V Grenoble, 38180 Seyssins, France |
|
Date of Birth/Age : |
19.10.1954 |
|
Date of Appointment : |
15.06.2009 |
|
DIN No.: |
00475121 |
|
|
|
|
Name : |
Mr. Karl Scherer |
|
Designation : |
Director |
|
Address : |
Weizberghof 1, Weiz Austria A8160 |
|
Date of Birth/Age : |
25.07.1955 |
|
Date of Appointment : |
01.07.2013 |
|
DIN No.: |
00348424 |
|
|
|
|
Name : |
Josef Ullmer |
|
Designation : |
Director |
|
Address : |
JL Bangka VIII No. 8, Jakarta, Indonesia 12720 |
|
Date of Birth/Age : |
03.04.1962 |
|
Date of Appointment : |
01.04.2015 |
|
DIN No.: |
06908863 |
|
|
|
|
Name : |
Mr. Wolfgang Semper |
|
Designation : |
Additional director |
|
Address : |
Akeleistrasse 8, Kronstorf, A4484, Austria |
|
Date of Birth/Age : |
09.03.1958 |
|
Date of Appointment : |
10.03.2015 |
|
DIN No.: |
00339946 |
KEY EXECUTIVES
|
Name : |
Mr. Puneet Khurana |
|
Designation : |
Secretary |
|
Address : |
B-4, 101 Paras City, E-3, Bhopal – 462016, Madhya Pradesh, India |
|
Date of Birth/Age : |
09.03.1969 |
|
Date of Appointment : |
06.05.2002 |
|
PAN No.: |
AGTPK8924G |
|
|
|
|
Name : |
Mr. Nitin Jain |
|
Designation : |
Team Leader in Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 11.06.2015
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Andritz Hydro Gmbh, Vienna Austria |
18500300 |
63.57 |
|
Andritz Hydro Gmbh, Germany |
10602520 |
36.43 |
|
Total |
29102820 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 11.06.2015
|
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Hydro Power Plant. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products: |
Raw Material |
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Countries
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Terms : |
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Selling : |
Credit and Cash |
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Purchasing : |
Credit and Cash |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
900 (Approximately) |
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Bankers : |
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Auditors : |
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|
Name : |
B S S R and Company Chartered Accountants |
|
Address : |
Building No 10, 8th Floor, Tower-B, DLF Cyber City, Phase-II, Gurgaon - 122002, Haryana, India |
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PAN No.: |
AADFB6889R |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
|
Fellow Subsidiary
company (AS ON 31.12.2013)
: |
Andritz India Private Limited [U51101DL1997PTC191150] |
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|
|
|
Fellow Subsidiary
company (AS ON 31.12.2013)
: |
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|
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|
Ultimate Holding
Company (AS ON 31.12.2013)
: |
Andritz AG |
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|
Holding company (AS ON 31.12.2013)
: |
Andritz Hydro GmbH |
CAPITAL STRUCTURE
AS ON 11.06.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
Rs.10/- each |
Rs.350.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29102820 |
Equity Shares |
Rs.10/- each |
Rs.291.028
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
291.028 |
291.028 |
291.028 |
|
(b) Reserves &
Surplus |
348.772 |
781.657 |
1150.145 |
|
(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) |
639.800 |
1072.685 |
1441.173 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
249.125 |
308.419 |
262.503 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
8.486 |
17.955 |
6.937 |
|
(d) long-term provisions |
301.983 |
279.280 |
224.708 |
|
Total Non-current Liabilities
(3) |
559.594 |
605.654 |
494.148 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1048.138 |
1260.219 |
670.143 |
|
(b) Trade payables |
2544.549 |
2030.635 |
2318.469 |
|
(c) Other current
liabilities |
4231.009 |
4368.504 |
3915.933 |
|
(d) Short-term provisions |
1100.373 |
603.317 |
548.064 |
|
Total Current Liabilities
(4) |
8924.069 |
8262.675 |
7452.609 |
|
|
|
|
|
|
TOTAL |
10123.463 |
9941.014 |
9387.930 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1238.159 |
1287.170 |
1253.889 |
|
(ii) Intangible Assets |
14.452 |
14.028 |
17.788 |
|
(iii) Capital
work-in-progress |
3.022 |
14.083 |
6.384 |
|
(iv) Intangible assets
under development |
0.000 |
2.033 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
320.893 |
125.625 |
|
(d) Long-term Loan and Advances |
104.264 |
74.377 |
49.849 |
|
(e) Other Non-current
assets |
6.324 |
8.151 |
3.011 |
|
Total Non-Current Assets |
1366.221 |
1720.735 |
1456.546 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
557.047 |
409.411 |
593.225 |
|
(c) Trade receivables |
4459.610 |
3900.845 |
3543.336 |
|
(d) Cash and cash
equivalents |
105.172 |
41.596 |
146.645 |
|
(e) Short-term loans and
advances |
450.158 |
658.659 |
631.643 |
|
(f) Other current assets |
3185.255 |
3209.768 |
3016.535 |
|
Total Current Assets |
8757.242 |
8220.279 |
7931.384 |
|
|
|
|
|
|
TOTAL |
10123.463 |
9941.014 |
9387.930 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
7251.362 |
6749.441 |
7260.000 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
|
7109.000 |
|
|
|
(Including Financial
and Depreciation Expenses) |
(Including
Financial and Depreciation Expenses) |
|
|
|
|
PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
|
151.000 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
|
|
99.030 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
51.970 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
|
|
120.980 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX |
(111.992) |
(560.046) |
(69.010) |
|
|
|
|
|
|
|
|
|
|
TAX |
320.893 |
(191.558) |
(21.520) |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER TAX |
(432.885) |
(368.488) |
(47.490) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of exports |
NA |
NA |
1609.069 |
|
|
TOTAL EARNINGS |
NA |
NA |
1609.069 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw materials and components |
NA |
1569.759 |
1569.759 |
|
|
|
Capital Goods |
NA |
13.388 |
13.388 |
|
|
TOTAL IMPORTS |
NA |
1583.147 |
1583.147 |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (Rs.) |
(14.87) |
(12.66) |
(10.00) |
|
|
Particulars |
|
As on. 2015 |
As on .2014 |
|
Sales Turnover (Approximately) |
|
7500.000 |
7500.000 |
The above information has been parted by Mr. Nitin Jain (Team Leader
Finance)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Current maturities of long-term debt |
238.424 |
145.433 |
205.642 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
491.887 |
(395.516) |
(452.096) |
|
Net cash flows from (used in) operating activities |
466.649 |
(424.273) |
(538.942) |
KEY
RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
|
|
|
|
Net Profit Margin (PAT / Total Income) |
(%) |
(5.97) |
(5.46) |
(0.65) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.11) |
(5.83) |
(0.75) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.18) |
(0.52) |
(0.05) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.40 |
1.60 |
0.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.98 |
0.99 |
1.06 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
291.028 |
291.028 |
291.028 |
|
Reserves & Surplus |
1150.145 |
781.657 |
348.772 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1441.173 |
1072.685 |
639.800 |
|
|
|
|
|
|
long-term borrowings |
262.503 |
308.419 |
249.125 |
|
Short term borrowings |
670.143 |
1260.219 |
1048.138 |
|
Current maturities of
long term debt |
205.642 |
145.433 |
238.424 |
|
Total borrowings |
1138.288 |
1714.071 |
1535.687 |
|
Debt/Equity ratio |
0.790 |
1.598 |
2.400 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
7260.000 |
6749.441 |
7251.362 |
|
|
|
(7.032) |
7.436 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
7260.000 |
6749.441 |
7251.362 |
|
Profit/Loss |
(47.490) |
(368.488) |
(432.885) |
|
|
(0.65%) |
(5.46%) |
(5.97%) |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
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 |
No |
|
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 |
10442981 |
18/12/2014 * |
1,700,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C40352718 |
|
2 |
10192265 |
11/01/2013 * |
2,450,000,000.00 |
AXIS BANK LIMITED |
165A-166, STAR ARCADE, M. P. NAGAR, ZONE-I, BHOPA |
B67475798 |
|
3 |
90203959 |
06/03/2012 * |
2,160,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ |
B36058873 |
|
4 |
90205561 |
18/06/2015 * |
1,950,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, LHO COMPLEX, HOSANGABAD ROAD, |
C57704348 |
* Date of charge modification
FIXED ASSETS
- Buildings
- Plant and Machinery
- Furniture, Fixtures
- Office Equipments
- Computers
- Motor vehicle
- 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 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.66.09 |
|
|
1 |
Rs.100.88 |
|
Euro |
1 |
Rs.73.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
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 |
|
49 |
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.