|
|
|
MIRA INFORM REPORT
|
Report No. : |
491340 |
|
Report Date : |
10.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
TTP TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
#486 'D', 4th Phase 13th Cross Peenya Industrial
Area, Bangalore – 560058, Karnataka |
|
Tel. No.: |
91-80-28361488 |
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|
|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2017 |
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|
|
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Date of
Incorporation : |
21.09.1982 |
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|
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Com. Reg. No.: |
08-004963 |
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|
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Capital Investment
/ Paid-up Capital : |
INR 24.880 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909KA1982PTC004963 |
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|
|
|
IEC No.: |
0794004385 |
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GSTIN/UIN: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACT7188B |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of transformer radiators for both generation and distribution of transformers. [Registered Activity] |
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|
|
|
No. of Employees
: |
Information
declined 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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 4700000 |
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|
|
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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|
|
Comments : |
Subject was established in the year 1982 having fine track record. It is engaged in manufacturer of transformer radiators for both generation and distribution of transformers. For the financial year 2017, company has achieved decent growth in its
revenues compared to previous year along with good profit margin during the
year. Rating takes into consideration, the company’s strong financial risk
profile marked by sound net worth position and strong debt coverage
indicators. Rating continue to derive strength from its long and established track
record of its business operation backed by its extensive experience of the
promoters. Rating continue to derive strength from its strong earnings per share
of 1223.34 against its face value of INR 100. However, rating strength partially offset by vulnerability of its
operating margins to volatility in raw material prices and its working
capital intensive operations. Trade relations are fair. Business is active. Payment terms seems to
be regular. 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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 10.02.2018
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 (91-80-28361488)
LOCATIONS
|
Registered Office : |
No.486 D, 4th Phase, 13th Cross, Peenya Industrial
Area, Bangalore – 560058, Karnataka,
India |
|
Tel. No.: |
91-80-28394918/28361488/28361939 |
|
Fax No.: |
91-80-28194304 |
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E-Mail : |
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|
Website: |
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Factory : |
36 KIADB Industrial Area, Hirehalli, Tumkur – 572168, Karnataka, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mohandas Dejoo Shetty |
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|
Designation : |
Managing Director |
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|
Address : |
No. 41, Kuteera 80 Feet Road, New Thippasandra Post, Bangalore - 560075, Karnataka, India |
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Date of Birth/Age : |
24.11.1943 |
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Date of Appointment : |
01.04.2014 |
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DIN No.: |
00924611 |
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PAN No.: |
AEFPS3613C |
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Other Directorship:
|
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|
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Name : |
Hannah Mohandas Shetty |
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Designation : |
Director |
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|
Address : |
No.41, Kuteera 80 Feet Road, New Thippasandra Post, Bangalore, Banglaore - 560075, Karnataka, India |
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Date of Birth/Age : |
12.04.1948 |
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Date of Appointment : |
22.09.1982 |
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DIN No.: |
00628512 |
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PAN No.: |
AGHPS4410R |
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Other Directorship:
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|
||||||||||||||||
|
Name : |
Malleshaiah Devarajaiah |
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|
Designation : |
Director |
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|
Address : |
No. 228, 15th C Cross, 2nd Stage, 2nd Phase, Mahalakshmi Layout, Bangalore - 560086, Karnataka, India |
||||||||||||||||
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Date of Birth/Age : |
24.05.1954 |
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Date of Appointment : |
31.03.1998 |
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DIN No.: |
00628413 |
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Other Directorship:
|
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|
||||||||||||||||
|
Name : |
Renee Mohandas Shetty |
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|
Designation : |
Director |
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|
Address : |
No.41, Kuteera 80 Feet Road, New Thippasandra Post, Hal 3rd Stage, Bangalore - 560075, Karnataka, India |
||||||||||||||||
|
Date of Birth/Age : |
17.02.1976 |
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Date of Appointment : |
22.09.1982 |
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DIN No.: |
00628472 |
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Other Directorship:
|
|||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
M.D. Shetty |
227654 |
91.50 |
|
Hannah M Shetty |
13646 |
5.48 |
|
Renee M Shetty |
7500 |
3.01 |
|
Total |
248800 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
96.99 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
3.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of transformer radiators for both generation and distribution of transformers. [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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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
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 : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
B K Ramadhyani and Company LLP Chartered Accountants |
|
Address : |
4B,Chitrapur Bhavan,No.68, 8th Main 15th Cross,Cross,Malleshwaram,Bangalore-560055 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFB1153G |
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|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Other related party : |
|
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
248800 |
Equity Shares |
INR 100/- each |
INR 24.880 Million |
|
|
|
|
|
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000 |
Equity Shares |
INR 100/- each |
INR 35.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
248800 |
Equity Shares |
INR 100/- each |
INR 24.880 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
24.880 |
24.880 |
24.880 |
|
(b) Reserves and Surplus |
1620.732 |
1316.364 |
986.911 |
|
(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) |
1645.612 |
1341.244 |
1011.791 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
9.687 |
7.467 |
44.896 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.580 |
0.580 |
0.580 |
|
(d) long-term
provisions |
18.567 |
15.884 |
11.736 |
|
Total Non-current
Liabilities (3) |
28.834 |
23.931 |
57.212 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
269.150 |
70.648 |
244.704 |
|
(b) Trade
payables |
204.571 |
156.031 |
163.904 |
|
(c) Other current
liabilities |
104.905 |
63.292 |
103.460 |
|
(d) Short-term
provisions |
101.614 |
77.494 |
49.994 |
|
Total Current
Liabilities (4) |
680.240 |
367.465 |
562.062 |
|
|
|
|
|
|
TOTAL |
2354.686 |
1732.640 |
1631.065 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
297.521 |
260.756 |
255.678 |
|
(ii)
Intangible Assets |
0.318 |
0.795 |
1.198 |
|
(iii) Tangible assets
capital work-in-progress |
14.279 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
194.277 |
153.896 |
0.000 |
|
(c) Deferred tax assets (net) |
7.756 |
9.479 |
12.161 |
|
(d)
Long-term loans and advances |
332.327 |
2.209 |
4.843 |
|
(e) Other Non-current
assets |
21.415 |
32.667 |
33.567 |
|
Total Non-Current
Assets |
867.893 |
459.802 |
307.447 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
517.425 |
263.568 |
298.788 |
|
(c) Trade
receivables |
576.420 |
603.365 |
573.501 |
|
(d) Cash and
bank balances |
62.008 |
111.575 |
159.317 |
|
(e)
Short-term loans and advances |
296.323 |
262.660 |
267.875 |
|
(f) Other
current assets |
34.617 |
31.670 |
24.137 |
|
Total
Current Assets |
1486.793 |
1272.838 |
1323.618 |
|
|
|
|
|
|
TOTAL |
2354.686 |
1732.640 |
1631.065 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2667.218 |
2874.728 |
2824.515 |
|
|
Other Income |
69.227 |
81.086 |
117.726 |
|
|
TOTAL |
2736.445 |
2955.814 |
2942.241 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1401.994 |
1558.972 |
1601.280 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(42.783) |
(25.429) |
(9.758) |
|
|
Employee benefit expense |
282.215 |
269.258 |
244.777 |
|
|
CSR expenditure |
3.645 |
2.442 |
0.000 |
|
|
Other expenses |
586.918 |
626.415 |
708.613 |
|
|
TOTAL |
2231.989 |
2431.658 |
2544.912 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
504.456 |
524.156 |
397.329 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
23.899 |
22.270 |
43.496 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
480.557 |
501.886 |
353.833 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
78.552 |
54.751 |
62.499 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
402.005 |
447.135 |
291.334 |
|
|
|
|
|
|
|
Less |
TAX |
97.637 |
117.683 |
101.567 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
304.368 |
329.452 |
189.767 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B Value of Exports (Excluding Deemed Exports) Freight Charges, Insurance & etc. (Net) |
NA |
2143.670 |
2307.925 |
|
|
TOTAL EARNINGS |
NA |
2143.670 |
2307.925 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials (Including freight & Insurance) |
NA |
476.668 |
860.303 |
|
|
Spares for machines |
NA |
10.395 |
15.363 |
|
|
Consumables |
NA |
50.371 |
56.762 |
|
|
Packing materials |
NA |
34.971 |
57.352 |
|
|
Capital Goods (Including
freight inwards) |
NA |
15.296 |
3.858 |
|
|
TOTAL
IMPORTS |
NA |
587.701 |
993.638 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1223.34 |
1324.16 |
762.73 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
3.445 |
3.861 |
23.259 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
11.697 |
526.490 |
233.205 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
144.758 |
414.767 |
183.049 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
78.88 |
76.61 |
74.11 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.63 |
4.76 |
4.93 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
53.26 |
36.53 |
37.36 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.97 |
1.99 |
1.33 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.62 |
2.00 |
1.55 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.29 |
0.22 |
0.39 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.17 |
0.06 |
0.31 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.41 |
0.27 |
0.56 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.19 |
0.20 |
0.25 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
21.11 |
23.54 |
9.13 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
11.41 |
11.46 |
6.72 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
12.93 |
19.01 |
11.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
18.50 |
24.56 |
18.76 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.19 |
3.46 |
2.35 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
1.43 |
2.75 |
1.82 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.70 |
0.77 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
11.35 |
3.29 |
12.57 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.19 |
3.46 |
2.35 |
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 |
24.880 |
24.880 |
24.880 |
|
Reserves & Surplus |
986.911 |
1316.364 |
1620.732 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1011.791 |
1341.244 |
1645.612 |
|
|
|
|
|
|
Long-term borrowings |
44.896 |
7.467 |
9.687 |
|
Short term borrowings |
244.704 |
70.648 |
269.150 |
|
Current maturities of
long-term debts |
23.259 |
3.861 |
3.445 |
|
Total
borrowings |
312.859 |
81.976 |
282.282 |
|
Debt/Equity
ratio |
0.309 |
0.061 |
0.172 |
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 |
2824.515 |
2874.728 |
2667.218 |
|
|
|
1.778 |
(7.218) |
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 |
2824.515 |
2874.728 |
2667.218 |
|
Profit/ (Loss) |
189.767 |
329.452 |
304.368 |
|
|
6.72
% |
11.46
% |
11.41
% |
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from directors |
8.095 |
5.073 |
|
Total |
8.095 |
5.073 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G45117348 |
100100896 |
AXIS BANK LIMITED |
19/04/2017 |
- |
- |
1825000.0 |
"TRISHUL',
3RD FLOOR, OPP TO SAMARTHESHWAR TEMPLELAW GARDEN, ELLIS
BRIDGEAHMEDABADGJ380006IN |
|
2 |
G10921856 |
100048272 |
AXIS BANK LIMITED |
30/08/2016 |
- |
- |
972000.0 |
"TRISHUL', 3RD
FLOOR, OPP TO SAMARTHESHWAR TEMPLELAW GARDEN, ELLIS BRIDGEAHMEDABADGJ380006IN |
|
3 |
G09104282 |
100043563 |
AXIS BANK LIMITED |
17/06/2016 |
- |
- |
2350000.0 |
"TRISHUL',
3RD FLOOR, OPP TO SAMARTHESHWAR TEMPLELAW GARDEN, ELLIS BRIDGEAHMEDABADGJ380006IN |
|
4 |
C43922335 |
10549802 |
CITI BANK N.A. |
10/12/2014 |
- |
- |
200000000.0 |
2ND FLOOR, NO.
5,M. G. ROADBANGALOREKA560001IN |
|
5 |
C36748507 |
10508507 |
THE HONGKONG AND
SHANGHAI BANKING CORPORATION LIMITED |
26/06/2014 |
05/12/2014 |
- |
115000000.0 |
NO. 7, M. G.
ROADBANGALOREKA560001IN |
|
6 |
C17103847 |
80017903 |
STATE BANK OF
INDIA |
26/05/1995 |
02/07/2014 |
- |
390900000.0 |
SPECIALISED
MID-CORPORATE BRANCH, NO. 136RAILWAY PARALLEL ROAD, KUMARAPARK WESTBANGALOREKA560020IN |
|
7 |
C42055384 |
80017801 |
STATE BANK OF
INDIA |
24/10/2001 |
- |
16/01/2015 |
34698000.0 |
PEENYA INDL.ESTATE
BRNACHBANGALOREKA560058IN |
|
8 |
C39682968 |
80017860 |
STATE BANK OF
INDIA |
26/05/1995 |
15/10/2004 |
07/01/2015 |
191400000.0 |
PEENYA INDL.
ESTATE BRANCHBANGALOREKA560058IN |
|
9 |
B98719438 |
10476476 |
BAJAJ FINANCE
LIMITED |
24/04/2013 |
- |
15/02/2014 |
6700000.0 |
AKURDI
PUNE-PUNEMH411035IN |
CONTINGENT
LIABILITIES
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
|
|
|
|
Letter of Credit opened for purchase of steel |
79.065 |
65.238 |
|
Any investment intended to be made capital equipment in future |
17.245 |
4.170 |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Computer equipments
- Office equipment
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 64.37 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 78.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
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.