|
|
|
MIRA INFORM REPORT
|
Report No. : |
501826 |
|
Report Date : |
04.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
ASCENT CIRCUITS PRIVATE LIMITED (w.e.f. 07.04.2000) |
|
|
|
|
Formerly Known
As : |
RIC CIRCUITS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-13, I.T.I., Industrial Estate, Mahadevpur, Bangalore – 560048,
Karnataka |
|
Tel. No.: |
91-80-28511709 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
01.02.1999 |
|
|
|
|
Com. Reg. No.: |
08-024700 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 15.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31200KA1999PTC024700 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
0799003786 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
29AABCR2074D1ZK |
|
|
|
|
TIN No.: |
33523321037 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR2074D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer, Exporter and Importer of Printed Circuit Board, Single
Sided, Double Sided and Multi-Layer. [Registered
Activity and also Confirmed by management] |
|
|
|
|
No. of Employees
: |
350 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
Maximum Credit Limit : |
USD 2800000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
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Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 1999. It is a manufacturer, exporter
and importer of printed circuit board, single sided, double sided and
multi-layer. Management has not filed its financial record with government
department for the year 2017 and same are not available from any other
sources. For the financial year ended 2016, the company has achieved a fair
growth in its revenue as compared to the previous year’s revenue and
favourable net profit margin. The company possesses healthy financial position marked by sound net
worth base along with negligible debt level and satisfactory liquidity
position. Rating is constrained on accounts of absence of latest financial. Business is active. Payment seems to be usually correct. In view of aforesaid, 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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 04.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mr. Ravichandran |
|
Designation : |
General Manager Finance |
|
Contact No.: |
91-944338097 |
|
Date : |
04.04.2018 |
LOCATIONS
|
Registered Office : |
B-13, I.T.I., Industrial Estate, Mahadevpur, Bangalore – 560048,
Karnataka, India |
|
Tel. No.: |
91-80-28511709 |
|
Mobile No.: |
91-9443338097 (Mr. Ravichandran) |
|
Fax No.: |
91-80-28511709 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory : |
Plot No.111, SIPCOT Industrial Complex, Phase-1, Hosur – 635 126,
Tamilnadu, India |
|
Tel. No.: |
91-4344-400108/ 400124/ 400103/ 400102/ 400109/ 271123/ 271124/
271136/ 35 |
|
Fax No.: |
91-4344-400128/ 271148 |
|
Area : |
5.5 Acres |
|
Location : |
Owned |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Punyamurthy Manjunath |
||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||
|
Address : |
1282, 13th Cross Indira Nagar, II State, Bangalore – 560 038,
Karnataka, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
05.02.1960 |
||||||||||||||||||||||||
|
Qualification : |
B. Tech. |
||||||||||||||||||||||||
|
Date of Appointment : |
01.02.1999 |
||||||||||||||||||||||||
|
DIN No.: |
00900902 |
||||||||||||||||||||||||
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PAN No.: |
ADKPM0177H |
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|
Other
Directorship:
|
|||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Name : |
Mr. Shankar Ram Gopalan |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
201, Trinity Golf Links Apartments, 139/8, Sharadhamma Layout, Domlur,
Bangalore – 560 071, Karnataka, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
04.12.1959 |
||||||||||||||||||||||||
|
Qualification : |
B. Tech. |
||||||||||||||||||||||||
|
Date of Appointment : |
01.02.1999 |
||||||||||||||||||||||||
|
DIN No.: |
00110783 |
||||||||||||||||||||||||
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PAN No.: |
AIDPG2737M |
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Other
Directorship:
|
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|
|
||||||||||||||||||||||||
|
Name : |
Mampra Chacko Thomas |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Old No 2-756, New No 46 M.M. Nagar Extension, Mookandapall Hosur, Krishnagiri- 635126, Tamilnadu, India |
||||||||||||||||||||||||
|
Date of Appointment : |
26.10.2016 |
||||||||||||||||||||||||
|
DIN No.: |
07557611 |
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KEY EXECUTIVES
|
Name : |
Mr. Ravichandran |
|
Designation : |
General Manager Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
% of Holdings |
|
Punyamurthy Manjunath |
975000 |
65.00 |
|
Shankarram Gopalan |
525000 |
35.00 |
|
|
|
|
|
Total |
1500000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters - Individual/Hindu Undivided Family – Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Printed Circuit Board, Single
Sided, Double Sided and Multi-Layer. [Registered
Activity and also Confirmed by management] |
||||
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|
||||
|
Products / Services
: |
|
||||
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|
||||
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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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||||
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Selling : |
L/C, Advance Payment and Cheque
|
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|
||||
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Purchasing : |
L/C, Advance Payment and Cheque
|
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
350 (Approximately) |
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|
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Bankers : |
Kotak Mahindra Bank Limited, 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India
|
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|
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Facilities : |
(INR
In Million)
|
|
|
|
|
Auditors : |
|
|
Name : |
Manian and Rao Chartered Accountant |
|
Address : |
No.361, 1st Floor, 7th Cross, 1st Block , Jayanagar, Bangalore – 560011, Karnataka, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAHFM0757B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are
partners with Key management personnel and their relatives (AS ON 31.03.2016): |
U01300TZ1989PTC002484
U17111TZ1995PTC006507
U31300KL2008PTC027811 |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 10/- each |
INR 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 10/- each |
INR 15.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
15.000 |
15.000 |
15.000 |
|
(b) Reserves & Surplus |
974.757 |
780.938 |
545.965 |
|
(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) |
989.757 |
795.938 |
560.965 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
17.129 |
|
(b) Deferred tax liabilities (Net) |
28.877 |
19.235 |
9.932 |
|
(c) Other long term
liabilities |
0.337 |
0.412 |
0.691 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
29.214 |
19.647 |
27.752 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
32.438 |
37.005 |
107.487 |
|
(b) Trade
payables |
124.706 |
164.942 |
186.911 |
|
(c) Other
current liabilities |
27.408 |
27.394 |
13.832 |
|
(d) Short-term
provisions |
5.008 |
2.066 |
0.075 |
|
Total Current
Liabilities (4) |
189.560 |
231.407 |
308.305 |
|
|
|
|
|
|
TOTAL |
1208.531 |
1046.992 |
897.022 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
287.089 |
266.444 |
210.098 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
5.446 |
2.497 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
9.489 |
9.036 |
9.566 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
20.052 |
6.112 |
4.969 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
12.592 |
|
Total Non-Current
Assets |
322.076 |
284.089 |
237.225 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
219.190 |
205.940 |
161.730 |
|
(c) Trade
receivables |
392.080 |
411.798 |
339.003 |
|
(d) Cash
and cash equivalents |
207.258 |
17.133 |
26.226 |
|
(e)
Short-term loans and advances |
44.216 |
58.106 |
132.838 |
|
(f) Other
current assets |
23.711 |
69.926 |
0.000 |
|
Total
Current Assets |
886.455 |
762.903 |
659.797 |
|
|
|
|
|
|
TOTAL |
1208.531 |
1046.992 |
897.022 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1917.254 |
1710.685 |
1396.853 |
|
|
|
Other Income |
14.105 |
12.724 |
6.934 |
|
|
|
TOTAL |
1931.359 |
1723.409 |
1403.787 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1183.711 |
1028.345 |
855.810 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
11.723 |
(26.079) |
(16.781) |
|
|
|
Employees benefits expense |
174.621 |
134.868 |
89.342 |
|
|
|
Other expenses |
218.665 |
204.745 |
184.415 |
|
|
|
TOTAL |
1588.720 |
1341.879 |
1112.786 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
342.639 |
381.530 |
291.001 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4.907 |
3.766 |
8.306 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
337.732 |
377.764 |
282.695 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
23.666 |
22.260 |
44.378 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
314.066 |
355.504 |
238.317 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
120.247 |
120.531 |
81.507 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
193.819 |
234.973 |
156.810 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
361.304 |
0.000 |
NA |
|
|
TOTAL EARNINGS |
361.304 |
0.000 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR ) |
129.21 |
156.65 |
104.54 |
|
|
Particulars |
|
|
31.03.2017 |
|
Sales Turnover (Approximately) |
|
|
1550.000 |
|
|
|
|
(Due to market
fluctuation) |
Expected Sales (2017-18): INR 1660.000 Million
The above information has been parted by Mr. Ravichandran (General
Manager Finance).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
357.624 |
270.247 |
172.813 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
74.64 |
87.86 |
88.58 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.89 |
4.15 |
4.12 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
38.45 |
58.54 |
79.72 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.56 |
1.85 |
1.80 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.17 |
1.42 |
1.39 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.16 |
0.22 |
0.36 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.03 |
0.05 |
0.22 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.19 |
0.29 |
0.55 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.30 |
0.34 |
0.37 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
69.83 |
101.31 |
35.04 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
10.11 |
13.74 |
11.23 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
16.04 |
22.44 |
17.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
19.58 |
29.52 |
27.95 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
4.68 |
3.30 |
2.14 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
3.52 |
2.41 |
1.62 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.82 |
0.76 |
0.63 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.16 |
2.47 |
8.31 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
4.68 |
3.30 |
2.14 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
15.000 |
15.000 |
15.000 |
|
Reserves & Surplus |
545.965 |
780.938 |
974.757 |
|
Net
worth |
560.965 |
795.938 |
989.757 |
|
|
|
|
|
|
Long-term borrowings |
17.129 |
0.000 |
0.000 |
|
Short term borrowings |
107.487 |
37.005 |
32.438 |
|
Total
borrowings |
124.616 |
37.005 |
32.438 |
|
Debt/Equity
ratio |
0.222 |
0.046 |
0.033 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1396.853 |
1710.685 |
1917.254 |
|
|
|
22.467 |
12.075 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1396.853 |
1710.685 |
1917.254 |
|
Profit/ (Loss) |
156.810 |
234.973 |
193.819 |
|
|
11.23% |
13.74% |
10.11% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
No |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
Yes |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
BACKGROUND
Subject is a private limited company incorporated under Companies Act 1956 on 1st February 1999 with its registered office in Bangalore, India and its manufacturing operations being carried out in Hosur. The Company is into manufacturing of Printed Circuits Board (PCBs).
UNSECURED LOAN
(INR
In Million)
|
Particulars |
As
on 31.03.2016 |
As
on 31.03.2015 |
|
SHORT TERM
BORROWING |
|
|
|
Other loans and advances |
0.000 |
7.535 |
|
Deposits from directors |
12.693 |
0.151 |
|
|
|
|
|
Total |
12.693 |
7.686 |
INDEX
OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G52852613 |
10412404 |
KOTAK
MAHINDRA BANK LIMITED |
05/02/2013 |
18/08/2017 |
499500000.0 |
27BKC, C
27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
2 |
Y10300498 |
90198599 |
STATE
BANK OF INDIA |
16/05/2005 |
27/06/2005 |
20000000.0 |
III
ANCILLARY INDUSTRIAL ESTATEMAHADEVURABANGALOREKAIN |
|
3 |
Y10301179 |
90199280 |
STATE BANK
OF INDIA |
24/11/1999 |
27/06/2005 |
22500000.0 |
ITI
ANCILLARY INDL. ESTATEMAHADEVAPURABANGALOREKA560048IN |
|
4 |
B11393998 |
90197640 |
STATE
BANK OF INDIA |
24/11/1999 |
08/04/2011 |
367500000.0 |
SPECIALISED
MID CORPORATE BRANCH#97, RAILWAY PARALLEL ROAD, KUMARAPARK
WESTBANGALOREKA560020IN |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Computer equipments
- Leasehold improvements
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 records 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
|
INR |
|
US Dollar |
1 |
INR 65.02 |
|
|
1 |
INR 91.46 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.