|
|
|
MIRA INFORM REPORT
|
Report No. : |
486919 |
|
Report Date : |
18.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ACTIS TECHNOLOGIES PRIVATE LIMITED (w.e.f. 24.10.2000) |
|
|
|
|
Formerly Known
As : |
GE TECHNOLOGIES
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. A-5, Cross
Road ‘B’, MIDC, Industrial Area, Marol, Andheri (East), Mumbai – 400093,
Maharashtra |
|
Tel. No.: |
91-22-30808000/ 28340004 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
10.04.2000 |
|
|
|
|
Com. Reg. No.: |
11-125706 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 59.208
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH2000PTC125706 |
|
|
|
|
IEC No.: |
0388134976 |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA8778N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
· Developing, improving, designing, analyzing, selling, distributing, importing, exporting, marketing, implementing, consulting and or licensing computer software, computer hardware and program packages and provide a wide variety of software implementation services including custom application development, application set up, data processing, data conversion and interface development, graphics, networking, multimedia of all types, development in data base through software and internet devices to provide business process outsourcing services in many industries. (Registered Activity) · Trader of audio and video equipments and Importer of finished goods. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
160 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 968000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 2000. It is a trader of audio and video
equipments and it is also an importer of finished goods. Subject’s clients include, Infosys, HP, Asian Paints, The Wadhwa
Group, Kotak Mahindra Bank, Deloitte, Coca-Cola, Adobe, General Atlantic,
etc. Management has not filed its financial record with government
department for the year 2017 and same are not available from any other
sources. For the financial year ended 2016, the company has achieved a decent
growth of 31.45% in its revenue as compared to the previous year revenue and
has earned an average profitability margin of 3.99%. The overall financial position of the company seems to be healthy
marked by adequate networth base along with low debt balance sheet profile
and satisfactory liquidity position. Business is active. Payments are reported to be usually correct. In view of aforesaid, the company can be considered good for normal
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 (30.06.2017) |
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 18.01.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mr. Ramesh Mishra |
|
Designation : |
Senior Manager - Accounts |
|
Contact No.: |
91-9322991775 |
|
Date : |
18.01.2018 |
LOCATIONS
|
Registered/ Head Office/ Warehouse 1 : |
Plot No. A-5,
Cross Road ‘B’, MIDC, Industrial Area, Marol, Andheri (East), Mumbai –
400093, Maharashtra, India |
|
Tel. No.: |
91-22-30808000/
28340004 |
|
Mobile No.: |
91-9322991775 (Mr. Ramesh Mishra) |
|
Fax No.: |
91-22-30808111 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
569 Sq. Mtr. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Warehouse 2: |
W-4, Ground Floor, Shree Munisuvrat Complex, Village –Rahnal Behind,
Deepak Compound, Bhiwandi, Thane-421302, Maharashtra, India |
|
|
|
|
Branch Office
1 : |
Naduvilaveetil Building, 6/690C, Vallathol Junction 6, Trikakkara, Ernakulam-
682021, Kerala, India |
|
|
|
|
Branch Offices : |
Also Located at: · Ahmedabad · Bangalore · Chennai · Gurugram · Delhi · Hyderabad · Jaipur · Pune · Kochi · Indore · Vijaywada |
DIRECTORS
As on 31.03.2017
|
Name : |
Ms. Mansi Abhimanyu Gupta |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
601, Sea Spray, Janki Kutir, Juhu, Mumbai - 400049, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
16.07.1979 |
||||||||
|
Date of Appointment : |
01.10.2003 |
||||||||
|
PAN No.: |
AAKPK3814G |
||||||||
|
DIN No.: |
00009366 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Manmohan Harcharan Gupta |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
601, Sea Spray, Janki Kutir, Juhu, Mumbai - 400049, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
12.12.1942 |
||||||||
|
Date of Appointment : |
10.04.2000 |
||||||||
|
PAN No.: |
AACPG9278L |
||||||||
|
DIN No.: |
00009465 |
||||||||
|
|
|
||||||||
|
Name : |
Ms. Bina Manmohan Gupta |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
601, Sea Spray, Janki Kutir, Juhu, Mumbai - 400049, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
02.12.1945 |
||||||||
|
Date of Appointment : |
10.04.2000 |
||||||||
|
PAN No.: |
AAJPG2165P |
||||||||
|
DIN No.: |
00009440 |
||||||||
|
Other
Directorship :
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Abhimanyu Manmohan Gupta |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
601, Sea Spray, Janki Kutir, Juhu, Mumbai - 400049, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
29.04.1975 |
||||||||
|
Date of Appointment : |
10.04.2000 |
||||||||
|
PAN No.: |
AADPG1043L |
||||||||
|
DIN No.: |
00009453 |
||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ramesh Mishra |
|
Designation : |
Senior Manager - Accounts |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Manmohan H. Gupta |
|
2340000 |
|
Abhimanyu Gupta |
|
1242000 |
|
Bina Gupta |
|
1384000 |
|
Ashish Gupta |
|
286000 |
|
Anuradha Sunil Khandelwal |
|
260000 |
|
Mansi Abhimanyu Gupta |
|
260000 |
|
Master Keshav Abhimanyu Gupta (minor by guardian Abhimanyu Gupta) |
|
52000 |
|
Manmohan H. Gupta Bina Gupta Abhimanyu Gupta |
|
96800 |
|
Total |
|
5920800 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Developing, improving, designing, analyzing, selling, distributing, importing, exporting, marketing, implementing, consulting and or licensing computer software, computer hardware and program packages and provide a wide variety of software implementation services including custom application development, application set up, data processing, data conversion and interface development, graphics, networking, multimedia of all types, development in data base through software and internet devices to provide business process outsourcing services in many industries. (Registered Activity) · Trader of audio and video equipments and Importer of finished goods. (Confirmed by management) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
·
Singapore ·
United State of America ·
Germany |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cheque |
||||
|
|
|
||||
|
Purchasing : |
Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Epson India Private Limited |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
H.P. India From Indirect Sources ·
Infosys ·
Deloitte ·
General Atlantic ·
Adobe ·
Taj ·
EMC2 ·
Transocean ·
Genpact ·
Kotak Mahindra Bank Limited ·
Asian Paints
·
Central Bank of India ·
Coca-Cola ·
ISB ·
The Wadhawa Group ·
Evolvence Group |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
160 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
·
Axis Bank Limited, Axis House, Bombay Dyeing Mills Compound, P.B. Road, Worli, Mumbai –
400018, Maharashtra, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Dalal Doctor and Associates Chartered Accountants |
|
Address : |
224-225, T V Industrial Estate, 248/A, S K Ahire Marg, Worli, Mumbai – 400030, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD9379H |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates (As confirmed by management) (As on 31.03.2016): |
GE Visual Private Limited |
|
|
|
|
Other Related Parties (As confirmed by management) (As on 31.03.2016): |
· Gupta Charitable Trust · Ashish G. Enterprise · Aureagold Estates |
CAPITAL STRUCTURE
As on 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
INR 10/- each |
INR 70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5920800 |
Equity Shares |
INR 10/- each |
INR 59.208
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
59.208 |
29.304 |
29.304 |
|
(b) Reserves and Surplus |
279.776 |
247.390 |
199.380 |
|
(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) |
338.984 |
276.694 |
228.684 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
26.500 |
26.500 |
26.500 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
1.804 |
2.007 |
|
(c) Other long-term liabilities |
5.862 |
2.308 |
2.590 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
32.362 |
30.612 |
31.097 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
226.755 |
276.363 |
206.306 |
|
(b) Trade payables |
112.716 |
40.727 |
74.355 |
|
(c) Other current liabilities |
67.170 |
42.601 |
39.382 |
|
(d) Short-term provisions |
5.287 |
9.268 |
6.108 |
|
Total Current
Liabilities (4) |
411.928 |
368.959 |
326.151 |
|
|
|
|
|
|
TOTAL |
783.274 |
676.265 |
585.932 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
52.990 |
51.603 |
57.389 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets 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) |
1.549 |
0.000 |
0.000 |
|
(d) Long-term loans and advances |
25.600 |
10.458 |
11.746 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
80.139 |
62.061 |
69.135 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
99.593 |
68.595 |
73.654 |
|
(c) Trade receivables |
525.816 |
454.554 |
380.502 |
|
(d) Cash and bank balances |
49.138 |
59.804 |
30.966 |
|
(e) Short-term loans and advances |
28.588 |
31.251 |
31.675 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
703.135 |
614.204 |
516.797 |
|
|
|
|
|
|
TOTAL |
783.274 |
676.265 |
585.932 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
2178.999 |
1657.625 |
1396.435 |
|
|
Other Income |
3.371 |
5.661 |
5.220 |
|
|
TOTAL |
2182.370 |
1663.286 |
1401.655 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
1775.043 |
1308.929 |
1124.211 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(30.998) |
5.060 |
(4.961) |
|
|
Employee benefit expense |
176.564 |
138.134 |
100.981 |
|
|
Other expenses |
102.790 |
87.281 |
96.783 |
|
|
TOTAL |
2023.399 |
1539.404 |
1317.014 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
158.971 |
123.882 |
84.641 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
22.257 |
23.692 |
22.211 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
136.714 |
100.190 |
62.430 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.587 |
7.472 |
4.370 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
131.127 |
92.718 |
58.060 |
|
|
|
|
|
|
|
Less |
TAX |
44.292 |
30.642 |
19.067 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
86.835 |
62.076 |
38.993 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
75.599 |
36.223 |
51.067 |
|
|
TOTAL EARNINGS |
75.599 |
36.223 |
51.067 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
15.00 |
21.00 |
13.00 |
|
Particulars |
|
|
31.03.2017 |
|
Sales Turnover (Approximately) |
|
|
2380.000 |
The above information has been parted by Mr. Ramesh Mishra (Senior
Manager-Accounts)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
138.408 |
5.834 |
(21.394) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
88.08 |
100.09 |
99.46 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.14 |
3.65 |
3.67 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
23.18 |
11.36 |
24.14 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.60 |
1.81 |
1.15 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
3.00 |
2.40 |
1.47 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.56 |
0.58 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.75 |
1.09 |
1.02 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
1.22 |
1.33 |
1.43 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.16 |
0.19 |
0.25 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
7.14 |
5.23 |
3.81 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
3.99 |
3.74 |
2.79 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
11.09 |
9.18 |
6.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
25.62 |
22.43 |
17.05 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.71 |
1.66 |
1.58 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.47 |
1.48 |
1.36 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.43 |
0.41 |
0.39 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
4.28 |
10.34 |
7.94 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.71 |
1.66 |
1.58 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are in
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
29.304 |
29.304 |
59.208 |
|
Reserves & Surplus |
199.380 |
247.390 |
279.776 |
|
Net
worth |
228.684 |
276.694 |
338.984 |
|
|
|
|
|
|
long-term borrowings |
26.500 |
26.500 |
26.500 |
|
Short term borrowings |
206.306 |
276.363 |
226.755 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
232.806 |
302.863 |
253.255 |
|
Debt/Equity
ratio |
1.018 |
1.095 |
0.747 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1396.435 |
1657.625 |
2178.999 |
|
|
|
18.704 |
31.453 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1396.435 |
1657.625 |
2178.999 |
|
Profit |
38.993 |
62.076 |
86.835 |
|
|
2.79% |
3.74% |
3.99% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
Yes |
|
16] |
No. of employees |
Yes |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
Yes |
|
19] |
Major customers |
Yes |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
No |
|
26] |
Turnover of firm for last four years |
Yes |
|
27] |
Reasons for variation <> 20% |
Yes |
|
28] |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULAR |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
26.500 |
26.500 |
|
Short-term
borrowings |
|
|
|
Other loans and advances |
47.937 |
23.478 |
|
Total |
74.437 |
49.978 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
C60271103 |
10471262 |
The Hongkong and Shanghai Banking Corporation Limited |
19/12/2013 |
21/07/2015 |
150000000.0 |
M G ROAD FORT MUMBAI MAHARASHTRA 400001 INDIA |
|
2 |
G02265700 |
80004801 |
Axis Bank Limited |
13/05/2002 |
11/03/2016 |
200000000.0 |
CREDIT MANAGEMENT CENTRE, AXIS HOUSE WORLI MUMBAI MAHARASHTRA 400025 INDIA |
FIXED ASSETS
·
Land
·
Buildings
·
Furniture and Fixtures
·
Plant and Machinery
·
Vehicles
·
Computers
·
Motor Cars
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.84 |
|
UK Pound |
1 |
INR 88.28 |
|
Euro |
1 |
INR 77.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
JYTK |
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.