|
|
|
MIRA INFORM REPORT
|
Report No. : |
501940 |
|
Report Date : |
09.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
A.A. AUTOTECH PRIVATE LIMITED (w.e.f. 19.04.2010) |
|
|
|
|
Formerly Known
As : |
A.A.
REALTY VENTURES PRIVATE LIMITED |
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Registered
Office : |
Flat No.-104, 929/1, Naiwala, Faiz Road, Karol Bagh, New Delhi –
110005 |
|
Tel. No.: |
91-11-28758433 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
10.02.2006 |
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|
|
|
Com. Reg. No.: |
55-146147 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 4.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34200DL2006PTC146147 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07AAGCA5257Q1Z4 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAGCA5257Q |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is in the business of manufacturing pressure die casted, machined and painted components for automotive sector. [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 |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 370000 |
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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 2006 and it is having good track. The company manufactures automotive components used in two-wheeler
drum braking systems, including friction materials such as brake shoes,
safety control cables and other aluminium pressure die-casted and machined
components, such as brake panels, crank cases, and hubs. For the financial year 2017, the company has increased in its revenue
from operations as compared to previous year and maintained average
profitability margin of 2.5%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base and average debt balance sheet. Further, rating also derives strength from its extensive experience of
promoters as well as leading market position in the two-wheeler
friction-material segment and improvement in the revenue as well
profitability profile during the year. However, rating strength is partially offset by inherent competition
as well as cyclicality associated with the automobile industry. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular. In view of the aforesaid, the company can be considered for business
de 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating= A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
20.01.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating= A1 |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
20.01.2017 |
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 09.04.2018
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 BY
|
Name : |
Mr. Vinay Sharma |
|
Designation : |
Compliance Department |
|
Contact No.: |
91-9205886797 |
|
|
|
|
Name : |
Mr. Vijay Sharma |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-9717392799 |
|
Date : |
07.04.2018 |
LOCATIONS
|
Registered Office : |
Flat No.-104, 929/1, Naiwala, Faiz Road, Karol Bagh, New Delhi –
110005, India |
|
Tel. No.: |
91-11-28758433 |
|
Mobile No.: |
91-9205886797 (Mr. Vinay Sharma) 91-9717392799 (Mr. Vijay Sharma) |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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|
Works : |
Plot No 157-158, Sector 5, IMT Manesar, Gurugram, Haryana, India |
|
Tel. No.: |
91-124-4232028 / 4006432 |
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Fax No.: |
91-124-4232029 |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Prashant Rathee |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
Farm No. 82, Road No. 4, Silver Oak Marg, Ghitorni, Delhi – 110030,
India |
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Date of Birth/Age : |
22.06.1980 |
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Date of Appointment : |
30.09.2008 |
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DIN No.: |
00041081 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Aman Rathee |
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Designation : |
Director |
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|
Address : |
Farm No. 82, Road No. 4, Silver Oak Marg, Ghitorni, Delhi – 110030,
India |
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Date of birth/age : |
12.10.1982 |
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Date of Appointment : |
29.09.2012 |
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DIN No.: |
00041130 |
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Other Directorship:
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|
||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Sunil Kumar Bisht |
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|
Designation : |
Additional Director |
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|
Address : |
F-101, First Floor, Sector 47, Palladians, Near Mayfield Garden, Nathupur
(67), Gurugram – 122002, Haryana, India |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.12.2017 |
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DIN No.: |
08007354 |
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KEY EXECUTIVES
|
Name : |
Mr. Vinay Sharma |
|
Designation : |
Compliance Department |
|
|
|
|
Name : |
Mr. Vijay Sharma |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Equity Shareholders |
No. of Shares |
|
Aman Rathee |
1800 |
|
Prashant Rathee |
317700 |
|
Ask Automotive Private Limited, India |
500 |
|
|
|
|
Total |
320000 |
|
Names of Preference Shareholders |
No. of Shares |
|
Aman Rathee |
66000 |
|
K. S. Rathee and Sons (HUF) |
14000 |
|
|
|
|
Total |
80000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
99.84 |
|
Promoters [Bodies
corporate] |
0.16 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is in the business of manufacturing pressure die casted, machined and painted components for automotive sector. [Registered Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
G.G. and Company Chartered Accountants |
|
Address : |
2090, Sector D-II, Vasant Kunj, New Delhi – 110070, India |
|
PAN No.: |
ALIPG5894M |
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Memberships : |
Not Available |
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|
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|
Collaborators : |
Not Available |
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|
|
Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
·
Ask Automotive Private Limited |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
INR 10/- each |
INR 4.000 Million |
|
100000 |
Preference Shares |
INR 10/- each |
INR 1.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 5.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
320000 |
Equity Shares |
INR 10/- each |
INR 3.200 Million |
|
80000 |
Preference Shares |
INR 10/- each |
INR 0.800 Million |
|
|
|
|
|
|
|
Total |
|
INR 4.000
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.000 |
4.000 |
4.000 |
|
(b) Reserves & Surplus |
126.733 |
56.620 |
23.294 |
|
(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) |
130.733 |
60.620 |
27.294 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
478.850 |
493.088 |
518.432 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
18.052 |
14.130 |
10.358 |
|
Total Non-current
Liabilities (3) |
496.902 |
507.218 |
528.790 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
72.254 |
91.667 |
106.529 |
|
(b) Trade
payables |
264.202 |
174.356 |
136.937 |
|
(c) Other
current liabilities |
57.762 |
116.291 |
205.781 |
|
(d) Short-term
provisions |
57.374 |
24.436 |
5.858 |
|
Total Current
Liabilities (4) |
451.592 |
406.750 |
455.105 |
|
|
|
|
|
|
TOTAL |
1079.227 |
974.588 |
1011.189 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
455.260 |
506.174 |
548.024 |
|
(ii)
Intangible Assets |
0.000 |
0.060 |
0.100 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
13.590 |
9.412 |
6.838 |
|
(d)
Long-term Loan and Advances |
8.673 |
8.673 |
8.558 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
477.523 |
524.319 |
563.520 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
100.629 |
93.011 |
69.765 |
|
(c) Trade
receivables |
404.883 |
300.847 |
316.388 |
|
(d) Cash
and cash equivalents |
4.630 |
7.936 |
30.855 |
|
(e)
Short-term loans and advances |
89.803 |
47.181 |
28.669 |
|
(f) Other
current assets |
1.759 |
1.294 |
1.992 |
|
Total
Current Assets |
601.704 |
450.269 |
447.669 |
|
|
|
|
|
|
TOTAL |
1079.227 |
974.588 |
1011.189 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2775.779 |
2168.444 |
2364.532 |
|
|
Other Income |
0.767 |
0.437 |
2.357 |
|
|
TOTAL |
2776.546 |
2168.881 |
2366.889 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1836.192 |
1353.309 |
1510.487 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
3.710 |
(5.765) |
29.163 |
|
|
Employee benefit expense |
255.122 |
213.868 |
194.862 |
|
|
Other expenses |
446.493 |
408.508 |
449.898 |
|
|
TOTAL |
2541.517 |
1969.920 |
2184.410 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
235.029 |
198.961 |
182.479 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
56.131 |
67.295 |
80.556 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
178.898 |
131.666 |
101.923 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
69.341 |
82.594 |
85.397 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
109.557 |
49.072 |
16.526 |
|
|
|
|
|
|
|
Less |
TAX |
39.443 |
15.746 |
5.254 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
70.114 |
33.326 |
11.272 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
3.608 |
63.110 |
|
|
TOTAL EARNINGS |
0.000 |
3.608 |
63.110 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
0.000 |
1.708 |
25.461 |
|
|
TOTAL IMPORTS |
0.000 |
1.708 |
25.461 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
219.11 |
104.14 |
35.22 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
12.226 |
24.792 |
81.123 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
180.499 |
284.713 |
120.910 |
|
Net cash flows from (used in) operating activities |
129.201 |
271.382 |
116.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
53.24 |
50.64 |
48.84 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.86 |
7.21 |
7.47 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
52.52 |
47.03 |
33.09 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.34 |
2.14 |
2.62 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.52 |
0.39 |
0.33 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.87 |
0.95 |
1.04 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
4.31 |
10.06 |
25.87 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.45 |
6.71 |
16.67 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
3.48 |
8.35 |
20.08 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.19 |
2.96 |
2.27 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
2.53 |
1.54 |
0.48 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.50 |
3.42 |
1.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
53.63 |
54.98 |
41.30 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.33 |
1.11 |
0.98 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.11 |
0.88 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.12 |
0.06 |
0.03 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
140.83 |
152.39 |
176.52 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.33 |
1.11 |
0.98 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
4.000 |
4.000 |
4.000 |
|
Reserves & Surplus |
23.294 |
56.620 |
126.733 |
|
Net
worth |
27.294 |
60.620 |
130.733 |
|
|
|
|
|
|
Long-term borrowings |
518.432 |
493.088 |
478.850 |
|
Short term borrowings |
106.529 |
91.667 |
72.254 |
|
Current maturities of
long-term debts |
81.123 |
24.792 |
12.226 |
|
Total
borrowings |
706.084 |
609.547 |
563.330 |
|
Debt/Equity
ratio |
25.870 |
10.055 |
4.309 |
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 |
2364.532 |
2168.444 |
2775.779 |
|
|
|
(8.293) |
28.008 |
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 |
2364.532 |
2168.444 |
2775.779 |
|
Profit/ (Loss) |
11.272 |
33.326 |
70.114 |
|
|
0.48
% |
1.54
% |
2.53
% |
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 |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
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 |
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 |
COMPANY OVERVIEW
The Company is in the business of manufacturing Pressure Die Casted, Machined and Painted Components for Automotive sector. It is an OEM supplier to the major Automotive sector manufacturers in India like Honda, Hero Moto Corp, Bajaj, TVS, Suzuki, Yamaha, Mahindra etc. During the year 2016-17 the company has also started catering to the wheel assembling requirement for Suzuki.
FINANCIAL YEAR ENDED MARCH 31, 2017.
OPERATIONAL RESULTS
The company has recorded a turnover of INR 2775.779 million during this financial year as against INR 2168.444 million during the last financial year. The Net Profit before tax for the financial year is INR 109.557 million as compared to the Last year figure of INR 49.072 million. To further strengthen the financial status of the company, the management decided to retain the earnings and hence no dividend has been declared for the year.
OPERATIONS
During the year ended 31st March 2017, The Company’s plant was operating smoothly and no major breakdown was reported.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
478.850 |
480.657 |
|
|
|
|
|
Total |
478.850 |
480.657 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G49574387 |
100113416 |
HDFC BANK LIMITED |
16/01/2017 |
- |
- |
100000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
B20021580 |
10305189 |
CITIBANK N.A |
25/08/2011 |
- |
- |
20000000.0 |
JEEVAN BHARTI BUILDING, 4TH FLOOR124 CONNAUGHT CIRCUS, CONNAUGHT PLACENEW DELHIDL110001IN |
|
3 |
G06505457 |
10263176 |
AXIS BANK LTD. |
30/12/2010 |
07/06/2016 |
- |
100000000.0 |
2ND FLOOR, RED FORT CAPITAL, PARSVNATH TOWERS,GOLE MARKET, BHAI VEER SINGH MARG,NEW DELHIDL110001IN |
|
4 |
G63600753 |
10377296 |
KOTAK MAHINDRA BANK LIMITED |
11/09/2012 |
23/11/2015 |
01/11/2017 |
134100000.0 |
KOTAK AEROCITY, 1ST FLOOR, ASSET AREA 9,IBIS COMMERCIAL BLOCK ,HOSPITALITY DISTRICT,NEW DELHIDL110037IN |
|
5 |
G32884405 |
10239548 |
ICICI BANK LIMITED |
23/08/2010 |
16/11/2010 |
10/01/2017 |
93300000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
6 |
G13443585 |
10239549 |
ICICI BANK LIMITED |
23/08/2010 |
- |
19/09/2016 |
10000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
7 |
C78098464 |
10263172 |
AXIS BANK LTD. |
30/12/2010 |
18/04/2013 |
03/02/2016 |
108300000.0 |
2ND FLOOR, STATESMAN HOUSE148, BARAKHAMBA ROADNEW DELHIDL110001IN |
|
8 |
C75828434 |
10259296 |
CITI BANK N.A. |
03/01/2011 |
- |
06/01/2016 |
50000000.0 |
JEEVAN BHARTI BUILDING, 4TH FLOOR124 CONNAUGHT CIRCUS, CONNAUGHT PLACENEW DELHIDL110001IN |
|
9 |
C75828558 |
10230639 |
CITIBANK N.A |
15/07/2010 |
27/01/2014 |
06/01/2016 |
50000000.0 |
JEEVAN BHARTI BUIDING, 4TH FLOOR124, CONNAUGHT CIRCUS, CONNAUGHT PLACENEW DELHIDL110001IN |
|
10 |
B29571353 |
10230640 |
CITIBANK N.A |
15/07/2010 |
- |
06/01/2012 |
120000000.0 |
JEEVAN BHARTI BUILDING, 4TH FLOOR124 CONNAUGHT CIRCUS, CONNAUGHT PLACENEW DELHIDL110001IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 : |
SVA |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
NKT |
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.