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MIRA INFORM REPORT
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Report No. : |
502101 |
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Report Date : |
07.04.2018 |
IDENTIFICATION DETAILS
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Name : |
MANIPAL TECHNOLOGIES LIMITED [w.e.f.23.05.2011] |
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Formerly Known
As : |
MANIPAL PRESS LIMITED [w.e.f.04.04.2000] MANIPAL PRESS PRIVATE LIMITED |
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Registered
Office : |
Udayavani Building, Press Corner, Manipal – 576104, Karnataka |
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Tel. No.: |
91-820-2571151-55 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
13.01.2000 |
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Com. Reg. No.: |
08-026222 |
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Capital
Investment / Paid-up Capital : |
INR 130.387 Million |
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CIN No.: [Company Identification
No.] |
U22219KA2000PLC026222 |
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IEC No.: [Import-Export
Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
29AABCM9516H1Z8 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCM9516H |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacture
and supply of various printed materials such as books, brochures,
stationeries, bills, annual reports, labels, calendars, diaries, business cards,
envelopes, cheque books etc. The Company is also involved in trading of bank
stationeries, printed and non printed materials, flexi banners, etc. (Registered
Activity) |
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|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 7900000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2000. It is in the business of printing,
facilitating secure transactions, facilitating marketing, branding and
communication for key industries such as banking telecom, education,
publishing, consumer goods and retail, financial services, aviation and
transport and the government of India. As per the financial of 2017, the company has achieved 7.69% growth in
its revenue as compared to the previous year’s revenue and has gained average
profitability margin of 1.07%. The company possesses healthy financial position marked by sound net
worth base along with acceptable debt level and average liquidity position. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition.
|
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 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
India Rating |
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Rating |
Long term loans: BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
18.10.2017 |
|
Rating Agency Name |
India Rating |
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Rating |
Short term loans: A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
18.10.2017 |
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
31-03-2018.
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 07.04.2018
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 DENIED
MANAGEMENT NON-COOPERATIVE (91-8202571149)
LOCATIONS
|
Registered/ Head Office : |
Udayavani Building, Press Corner, Manipal – 576104, Karnataka, India
|
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Tel. No.: |
91-820-2205000/4275000 /2571151-55 |
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Fax No.: |
91-820-2570131/ 2571162/2574827 |
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E-Mail : |
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Website : |
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Branch Offices : |
Located at: · Bangalore · Chennai · Coimbatore · Pune · Noida · Hyderabad · Kochi · Kolkata ·
Mumbai |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Tonse Guatham Pai |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Designation : |
Managing director |
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Address : |
38, Ananth Nagar, Manipal - 576104, Karnataka, India |
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Date of Birth/Age : |
26.09.1974 |
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Qualification : |
B.E. |
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Date of Appointment : |
29.07.2003 |
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PAN No.: |
ACZPP1142R |
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DIN No.: |
00120314 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Tonse Satish Upendra Pai |
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Designation : |
Director |
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Address : |
No.38, Ananth Nagar, Manipal - 576104, Karnataka, India |
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Date of Birth/Age : |
26.11.1941 |
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Qualification : |
SSLC |
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Date of Appointment : |
13.01.2000 |
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DIN No.: |
00104361 |
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Other Directorship:
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Name : |
Perdoor Vaman Mallya |
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Designation : |
Director |
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Address : |
D63C, Ananth Nagar II Stage, Manipal - 576104, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
31.08.1948 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Qualification : |
C.A |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
25.01.2000 |
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DIN No.: |
00120272 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Sachin Tonse Pai |
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Designation : |
Director |
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Address : |
14, Ananth Nagar, Manipal, Udupi - 576119, Karnataka, India |
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Date of Birth/Age : |
10.03.1976 |
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Qualification : |
M.B.A. |
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Date of Appointment : |
16.04.2004 |
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DIN No.: |
00795780 |
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Other Directorship:
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Name : |
Mr. Hemalatha Ramaiah |
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Designation : |
Director |
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Address : |
4D, Rosemere, No.18 Harrington Road, Chetpet
Chennai -600031, Tamilandu, India |
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Date of Appointment : |
24.09.2015 |
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DIN No.: |
01056606 |
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Other Directorship:
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Name : |
Mr. Ramachandra Kasargod Kamath |
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Designation : |
Director |
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Address : |
B/2004, Neptune CHSL, Sun City, Adi
Shankaracharya Marg, Powai, Mumbai -400076, Maharashtra, India |
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Date of Appointment : |
30.09.2017 |
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DIN No.: |
01715073 |
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Other Directorship:
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Name : |
John Charles Fowler |
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Designation : |
Director |
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Address : |
825 N Prospect Ave. Unit 1801, Milwaukee, Wi, USA, 53202, United States of America |
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Date of Birth/Age : |
26.07.1950 |
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Qualification : |
Graduate |
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Date of Appointment : |
03.08.2012 |
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DIN No.: |
06367208 |
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Giulio Olivotto |
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Designation : |
Nominee director |
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Address : |
Via G.M. Brunori, 45, Monteviale Vi, 36050, Italy |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
24.11.1945 |
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Qualification : |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
28.07.2007 |
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DIN No.: |
01595753 |
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KEY EXECUTIVES
|
Name : |
Mr. Abhay Anant Gupte |
|
Designation : |
Chief Executive Officer |
|
Address : |
C-102, Mandavi Pearl City Vidyarathnanagar,
Manipal, Udupi, Kt Manipal -576104, Karnataka, India |
|
Date of Appointment : |
12.08.2013 |
|
PAN No.: |
ACZPA1660M |
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|
|
|
Name : |
Mr. Manoj Kumar Garga |
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Designation : |
Chief Finance Officer |
|
Address : |
Aspen 1003, Prestige St. John Woods
Apartments No. 80, Koramangala Bangalore - 560029, Karnataka, India |
|
Date of Appointment : |
01.07.2014 |
|
PAN No.: |
ABDPG5289P |
|
|
|
|
Name : |
Mr. Binod Kumar Mandal |
|
Designation : |
Company Secretary |
|
Address : |
Lawrance Villa Lakshmindra Nagar, 1st Lane,
Near Car Ba Zar Manipal - 576104, Karnataka, India |
|
Date of Appointment : |
22.09.2014 |
|
PAN No.: |
APYPM1603E |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
T. Mohandas Pai |
|
40500 |
|
T Ramdas Madhav Pai |
|
190128 |
|
T. Narayana Pai |
|
81000 |
|
T. Ashok Pai |
|
186474 |
|
Manipal Prakashna Limited, India |
|
1215000 |
|
T. Sachin Pai |
|
6000 |
|
T. Gayathri Pai |
|
23436 |
|
Ranjan Ramdas Pai |
|
7026 |
|
Vasanthi Ramdas Pai |
|
14064 |
|
Sharath Investments Private Limited, India |
|
47808 |
|
Shivally Investment Company Private Limited, India |
|
88128 |
|
T. Sunil Pai |
|
7032 |
|
T. Sanjay Pai |
|
9375 |
|
T. Narayana Pai |
|
8202 |
|
T. Satish U. Pai (HUF) |
|
3750 |
|
Manipal Media Network Limited, India |
|
6117087 |
|
L E G O SPA, Italy |
|
2246170 |
|
Quad Graphics Mauritius Limited, Mauritius |
|
1533000 |
|
Asha S. Pai |
|
5450 |
|
Holding Olivotto S.P.A, Italy |
|
600000 |
|
Thomas Greg and Sons Limited, Columbia |
|
260774 |
|
Tridevita Family Trust-2017, India |
|
348282 |
|
Total |
|
13038686 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
4.47 |
|
Promoters- Body corporate |
57.27 |
|
Promoters- Others |
2.67 |
|
Public/Other than promoters - Body corporate |
35.59 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture
and supply of various printed materials such as books, brochures,
stationeries, bills, annual reports, labels, calendars, diaries, business
cards, envelopes, cheque books etc. The Company is also involved in trading
of bank stationeries, printed and non printed materials, flexi banners, etc. (Registered
Activity) |
||||
|
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|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
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|
||||
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Agencies Held : |
Not Available |
||||
|
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|
||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
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Customers : |
|
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|
|
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|
No. of Employees : |
Information denied by the management |
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|
|
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Bankers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors 1 : |
|
|
Name : |
Sriramulu Naidu and Company Chartered Accountants |
|
Address : |
13-12-1394/51, Ram Bhavan Complex, Mangalore, Karnataka,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAVFS3877R |
|
|
|
|
Auditors 2 : |
|
|
Name : |
K Narasimha Kini and Associates Chartered Accountants |
|
Address : |
Ramakrishna Nilaya Kallianpur, Karnataka, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ADMPK2867L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary
Companies: |
a. Universal Print Systems Limited b. MCT Cards and Technology Private Limited c. Manipal Business Solutions Private Limited d. Manipal International Printing Press Limited, Kenya e. Manipal International Press Limited, Nigeria f. Manipal Utility Packaging Solutions Private Limited g. Manipal Logistics Private Limited h. Manipal Digital Systems Private Limited i. Vista Ventures Limited, Mauritius (upto 11th Jan 2017) j. Manipal Digital Holdings GmbH (Wholly owned subsidiary of Manipal Digital Systems Private Limited) and its subsidiary Medienfabrik GmbH Germany |
|
|
|
|
Associate
Companies: |
a TGS cards Solution, Mexico b Manipal Thomas Greg Press Private Limited |
|
|
|
|
Other Related
Parties: |
a Manipal Media Network Limited b Manipal Prakashana Limited c Sharath Investment Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
5000000 |
Preference Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 250.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13038686 |
Equity Shares |
INR 10/- each |
INR 130.387 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
130.387 |
127.779 |
127.779 |
|
(b) Reserves and Surplus |
2628.807 |
2453.108 |
2393.492 |
|
(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) |
2759.194 |
2580.887 |
2521.271 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2293.929 |
1456.249 |
1666.292 |
|
(b) Deferred tax liabilities (Net) |
389.520 |
352.376 |
311.789 |
|
(c) Other long-term
liabilities |
26.355 |
25.000 |
25.000 |
|
(d) long-term
provisions |
43.636 |
0.000 |
6.049 |
|
Total Non-current
Liabilities (3) |
2753.440 |
1833.625 |
2009.130 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1766.782 |
1820.288 |
1375.998 |
|
(b) Trade
payables |
574.778 |
749.726 |
859.390 |
|
(c) Other
current liabilities |
504.408 |
726.162 |
638.791 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
2845.968 |
3296.176 |
2874.179 |
|
|
|
|
|
|
TOTAL |
8358.602 |
7710.688 |
7404.580 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3078.056 |
3160.937 |
3105.936 |
|
(ii)
Intangible Assets |
61.070 |
85.965 |
24.422 |
|
(iii) Tangible assets
capital work-in-progress |
24.958 |
16.723 |
6.727 |
|
(iv)
Intangible assets under development |
128.069 |
76.426 |
92.269 |
|
(b) Non-current Investments |
1058.346 |
791.413 |
780.849 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
392.536 |
347.160 |
288.089 |
|
(e) Other
Non-current assets |
144.720 |
123.747 |
102.694 |
|
Total Non-Current
Assets |
4887.755 |
4602.371 |
4400.986 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
708.707 |
677.815 |
613.070 |
|
(c) Trade
receivables |
1911.735 |
1769.355 |
1770.633 |
|
(d) Cash and
bank balances |
284.880 |
178.624 |
228.631 |
|
(e)
Short-term loans and advances |
480.565 |
457.746 |
357.888 |
|
(f) Other
current assets |
84.960 |
24.777 |
33.372 |
|
Total
Current Assets |
3470.847 |
3108.317 |
3003.594 |
|
|
|
|
|
|
TOTAL |
8358.602 |
7710.688 |
7404.580 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
6079.144 |
5644.972 |
4870.934 |
|
|
Other Income |
45.364 |
60.208 |
41.017 |
|
|
TOTAL |
6124.508 |
5705.180 |
4911.951 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2039.137 |
1968.600 |
1937.370 |
|
|
Purchases of
Stock-in-Trade |
669.998 |
585.487 |
82.615 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(15.067) |
(56.521) |
(84.577) |
|
|
Employee benefit expense |
601.680 |
560.206 |
422.086 |
|
|
CSR expenditure |
0.791 |
0.412 |
0.000 |
|
|
Other expenses |
1960.721 |
1843.768 |
1760.410 |
|
|
Exceptional items |
3.746 |
4.627 |
2.086 |
|
|
TOTAL |
5261.006 |
4906.579 |
4119.990 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
863.502 |
798.601 |
791.961 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
437.429 |
410.637 |
386.762 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
426.073 |
387.964 |
405.199 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
324.137 |
287.760 |
245.654 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
101.936 |
100.204 |
159.545 |
|
|
|
|
|
|
|
Less |
TAX |
37.143 |
40.588 |
68.281 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
64.793 |
59.616 |
91.264 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.97 |
4.67 |
7.14 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
581.235 |
496.858 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(66.719) |
199.061 |
245.459 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
284.053 |
466.514 |
117.831 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
114.78 |
114.41 |
132.68 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.18 |
3.19 |
2.75 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
77.44 |
107.14 |
155.29 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.22 |
1.18 |
1.29 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.26 |
0.24 |
0.25 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.61 |
0.69 |
0.68 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.47 |
1.49 |
1.40 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.03 |
1.28 |
1.14 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.19 |
1.29 |
1.28 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.97 |
1.94 |
2.05 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.07 |
1.06 |
1.87 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.78 |
0.77 |
1.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
2.35 |
2.31 |
3.62 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.22 |
0.94 |
1.05 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.97 |
0.74 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.33 |
0.33 |
0.34 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
31.14 |
30.19 |
27.70 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.22 |
0.94 |
1.05 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
127.779 |
127.779 |
130.387 |
|
Reserves & Surplus |
2393.492 |
2453.108 |
2628.807 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2521.271 |
2580.887 |
2759.194 |
|
|
|
|
|
|
Long-term borrowings |
1666.291 |
1456.249 |
2293.929 |
|
Short term borrowings |
1375.998 |
1820.288 |
1766.782 |
|
Current maturities of
long-term debts |
496.858 |
581.235 |
0.000 |
|
Total
borrowings |
3539.147 |
3857.772 |
4060.711 |
|
Debt/Equity
ratio |
1.404 |
1.495 |
1.472 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
4870.934 |
5644.972 |
6079.144 |
|
|
|
15.891 |
7.691 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
4870.934 |
5644.972 |
6079.144 |
|
Profit/ (Loss) |
91.264 |
59.616 |
64.793 |
|
|
1.87
% |
1.06
% |
1.07
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
130.387 |
127.779 |
|
(b) Reserves and Surplus |
|
2962.808 |
2527.971 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
244.187 |
417.555 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
3093.195 |
2655.750 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
3387.107 |
2313.724 |
|
(b) Deferred tax liabilities (Net) |
|
394.451 |
387.540 |
|
(c) Other long-term
liabilities |
|
2.249 |
0.000 |
|
(d) long-term
provisions |
|
41.132 |
2.182 |
|
Total Non-current
Liabilities (3) |
|
3824.939 |
2703.446 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
2881.961 |
2836.147 |
|
(b) Trade
payables |
|
995.707 |
1122.617 |
|
(c) Other
current liabilities |
|
1073.114 |
1272.183 |
|
(d) Short-term
provisions |
|
47.000 |
43.295 |
|
Total Current Liabilities
(4) |
|
4997.782 |
5274.242 |
|
|
|
|
|
|
TOTAL |
|
12160.103 |
11050.993 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
4901.091 |
5052.527 |
|
(ii) Intangible
Assets |
|
98.973 |
148.787 |
|
(iii) Tangible assets
capital work-in-progress |
|
63.454 |
21.064 |
|
(iv)
Intangible assets under development |
|
128.069 |
76.426 |
|
(b) Non-current Investments |
|
70.745 |
22.969 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
446.930 |
430.021 |
|
(e) Other
Non-current assets |
|
176.629 |
201.050 |
|
Total Non-Current
Assets |
|
5885.891 |
5952.844 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1301.346 |
1245.866 |
|
(c) Trade
receivables |
|
3423.425 |
2802.491 |
|
(d) Cash and
bank balances |
|
652.353 |
469.556 |
|
(e)
Short-term loans and advances |
|
664.966 |
415.514 |
|
(f) Other
current assets |
|
232.122 |
164.722 |
|
Total
Current Assets |
|
6274.212 |
5098.149 |
|
|
|
|
|
|
TOTAL |
|
12160.103 |
11050.993 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
11734.509 |
9597.776 |
|
|
Other Income |
|
88.901 |
77.372 |
|
|
TOTAL |
|
11823.410 |
9675.148 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
4424.114 |
3545.842 |
|
|
Purchases of Stock-in-Trade |
|
1083.526 |
764.585 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(51.624) |
(126.434) |
|
|
Employee benefit expense |
|
1334.558 |
1221.268 |
|
|
CSR expenditure |
|
0.791 |
0.412 |
|
|
Other expenses |
|
3144.616 |
2839.231 |
|
|
Exceptional items |
|
184.138 |
97.178 |
|
|
TOTAL |
|
10120.119 |
8342.082 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
1703.291 |
1333.066 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
679.060 |
626.574 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1024.231 |
706.492 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
570.027 |
516.896 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
454.204 |
189.596 |
|
|
|
|
|
|
|
Less |
TAX |
|
202.158 |
94.478 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
252.046 |
95.118 |
|
|
|
|
|
|
|
|
Profit (loss) of minority
interest |
|
(82.900) |
(59.555) |
|
|
|
|
|
|
|
|
Share of profit (loss) of
associates |
|
5.447 |
(3.202) |
|
|
|
|
|
|
|
|
Total
profit (loss) for period |
|
174.594 |
32.361 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
19.33 |
7.44 |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION:
Subject is an unlisted public limited Company incorporated in the state of Karnataka under the provisions of the Companies Act, 1956, having its registered office in Manipal. It is inter alia engaged in the business of manufacture and supply of various printed materials such as books, brochures, stationeries, bills, annual reports, labels, calendars, diaries, business cards, envelopes, cheque books etc. The Company is also involved in trading of bank stationeries, printed and non printed materials, flexi banners, etc. In addition to this, the Company is also awarded with services in the field of financial inclusion.
OPERATIONS AND FUTURE PROSPECTS:
The Company has recorded Standalone Sales Turnover of INR 6079.144 Million during the year under report as against INR 5644.972 Million achieved during the previous year.
During the Financial Year 2016 -17, the revenue performance of the Company has increased by 7.69%. This growth over last year has happened due to new line of business which is Print Management Solutions (PMS) and Digital Branches as well as from existing line of business i.e. Secured Print Solutions(SPS).
It is expected to have a significant increase in revenue from the new line and existing line of businesses in the Financial Year 2017-18.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
SHORT TERM
BORROWING |
|
|
|
Working capital loans from banks |
113.451 |
151.370 |
|
Total |
113.451 |
151.370 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G39046693 |
100085231 |
CORPORATION BANK |
27/02/2017 |
- |
500000000.0 |
CORPORATE BANKING
BRANCH, #30,1ST FLOOR, 2ND CROSSRALLARAM MEMORIAL BLDG, CSI COMPOUND, MISSION
ROADBANGALOREKA560027IN |
|
2 |
G46324646 |
100085226 |
CORPORATION BANK |
27/02/2017 |
03/06/2017 |
150000000.0 |
CORPORATE BANKING
BRANCH, #30,1ST FLOOR, 2ND CROSSRALLARAM MEMORIAL BLDG, CSI COMPOUND, MISSION
ROADBANGALOREKL682015IN |
|
3 |
G46946653 |
100083747 |
VIJAYA BANK |
20/02/2017 |
03/06/2017 |
450000000.0 |
TRADE CENTAUR,
SYNDICATE CIRCLE,MANIPALUDUPIKL682015IN |
|
4 |
G38528857 |
100083752 |
VIJAYA BANK |
20/02/2017 |
- |
450000000.0 |
TRADE CENTAUR,
SYNDICATE CIRCLE,MANIPALUDUPIKA576104IN |
|
5 |
G36284701 |
100078220 |
RBL BANK LIMITED |
15/02/2017 |
- |
250000000.0 |
PRESTIGE TOWER,
THIRD FLOOR,99 & 100, RESIDENCY ROAD,BANGALOREKA560025IN |
|
6 |
G37645835 |
100081435 |
THE SOUTH INDIAN
BANK LIMITED |
10/02/2017 |
- |
400000000.0 |
BANGALORE CORPORATE
BRANCH, NO. 74,SUMERU TOWERS,NEAR ST. JOSEPH'S COLLEGE OF COMMERCE. BRIGADE
RD.BANGALOREKA560025IN |
|
7 |
G37649258 |
100081448 |
THE FEDERAL BANK
LTD |
10/02/2017 |
- |
900000000.0 |
HALCYON COMPLEX,
#9,ST.MARKS ROADBENGALURUKA560001IN |
|
8 |
G46326666 |
100081421 |
THE FEDERAL BANK
LTD |
10/02/2017 |
03/06/2017 |
700000000.0 |
MANASA TOWERS, PVS
JUNCTIONM. G. ROADMANGALOREKL682015IN |
|
9 |
G46501508 |
100081440 |
THE SOUTH INDIAN
BANK LIMITED |
10/02/2017 |
03/06/2017 |
600000000.0 |
BANGALORE CORPORATE
BRANCH, NO. 74,SUMERU TOWERS,NEAR ST. JOSEPH'S COLLEGE OF COMMERCE. BRIGADE
RD.BANGALOREKL682015IN |
|
10 |
G36488161 |
100078860 |
HDFC BANK LIMITED |
25/01/2017 |
- |
9000000.0 |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL (WEST)MUMBAIMH400013IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- 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 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 64.99 |
|
|
1 |
INR 90.96 |
|
Euro |
1 |
INR 79.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
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.