|
|
|
MIRA INFORM REPORT
|
Report No. : |
488273 |
|
Report Date : |
29.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
TECUMSEH PRODUCTS INDIA PRIVATE LIMITED (w.e.f.
27.08.2003) |
|
|
|
|
Formerly Known
As : |
TECUMSEH PRODUCTS INDIA LIMITED SIEL COMPRESSORS LIMITED |
|
|
|
|
Registered
Office : |
Balanagar Township, Hyderabad – 500037, Telangana |
|
Tel No.: |
91-40-23078103-104 / 30116993-94 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
30.01.1997 |
|
|
|
|
Com. Reg. No.: |
36-035316 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1885.042 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31109TG1997PTC035316 |
|
|
|
|
IEC No.: |
0901010618 |
|
|
|
|
GSTIN/UIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT6893J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged primarily in manufacturing, trading and sale of compressors used in room air-conditioners and refrigerators. The Company also provides engineering design services using information technology. (Registered Activity) Note: Line of business is updated as per latest annual report 2017. |
|
|
|
|
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 : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 210000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Tecumseh Europe 2 s.a.r.l, France and was incorporated in the year 1997. It is engaged in manufacturing, trading and sale of compressors used in room air-conditioners and refrigerators. The Company also provides engineering design services using information technology. For the financial year 2017, the company has reported dip in its revenue by 28.90% as compared to previous year along with operational loss. The moderate financial risk profile of the company is marked by negative reserve base along with high debt balance sheet profile. Rating takes into consideration long business track record, extensive experience of promoters along with strong financial support from its holding company. Rating is constrained due to susceptibility to volatility in raw material prices (copper, aluminium, and steel) and competition from low-cost Chinese manufacturers. Payments are slow but correct. In view of aforesaid, the company can be considered for business dealings with some caution. |
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 |
CRISIL |
|
Rating |
Long Term Bank Facilities= BB- |
|
Rating Explanation |
Inadequate credit quality and high credit
risk. |
|
Date |
6th February 2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating= A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
6th February 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
31-03-2016.
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 29.01.2018
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 DENIED BY
|
Name : |
Mr. J. V. Rao |
|
Contact No.: |
91-9989814025 |
|
Date : |
25.01.2018 |
MANAGEMENT NON CO-OPERATIVE (Tel. No.: 91-40-30116962/ 23078103)
LOCATIONS
|
Registered Office/Factory : |
Balanagar Township, Hyderabad – 500037, Telangana, India |
|
Tel. No.: |
91-40-23078103-104 / 30116993-94 |
|
Mobile No.: |
91-9989814025 (Mr. J. V. Rao) |
|
Fax No.: |
91-40-23078945 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Narasimhan Natarajan |
|
Designation : |
Managing Director |
|
Address : |
Flat No. B 101, Vishnu Splendor, Near Srinagar Colony Club, Yellareddyguda, Hyderabad - 500073, Telangana, India |
|
Date of Birth/Age : |
11.05.1968 |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
06921386 |
|
|
|
|
Name : |
Michael Kevin Bauersfeld |
|
Designation : |
Director |
|
Address : |
27, Sullivan Dr. Redding 068962509 US |
|
Date of Appointment : |
22.03.2016 |
|
DIN No.: |
07496697 |
|
|
|
|
Name : |
Douglas John Murdock |
|
Designation : |
Director |
|
Address : |
2611, Mansfield MNR N Collierville 380178900 US |
|
Date of Appointment : |
15.03.2016 |
|
DIN No.: |
07496699 |
|
|
|
|
Name : |
Mr. Venkatesh Pendam |
|
Designation : |
Director |
|
Address : |
11-10-223, Road No. 2, Street No. 5, Vijayapuri Colony,
Kothapet, Saroornagar , Hyderabad – 500035, Telangana, India |
|
Date of Appointment : |
06.12.2017 |
|
DIN No.: |
08014447 |
KEY EXECUTIVES
|
Name : |
Mr. Ruchi Babbar |
|
Designation : |
CFO(KMP) |
|
Address : |
House No. 1103, Sector 19, Faridabad - 121002, Haryana,
India |
|
Date of Appointment : |
21.09.2017 |
|
PAN No.: |
ALGPB2676N |
Note: As per our
previous database, MVR Murthy was the company
secretary of the company, however, he does not appear in the current
government registry records and the same could not be confirmed with the
management as well.
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Tecumseh Europe 1 SARL |
|
1 |
|
Tecumseh Europe 2 SARL |
|
12018606 |
|
Total |
|
12018607 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Tecumseh Europe 2 SARL |
|
6831817 |
|
Total |
|
6831817 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged primarily in manufacturing, trading and sale of compressors used in room air-conditioners and refrigerators. The Company also provides engineering design services using information technology. (Registered Activity) Note: Line of business is updated as per latest annual report 2017. |
||||||||
|
|
|
||||||||
|
Products / Services
: |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Available |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Available |
||||||||
|
|
|
||||||||
|
Exports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Imports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : (As on 31.03.2016) |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Walker, Chandiok and Company Chartered Accountants |
|
Address : |
7th
Floor, Block III, White House, Kundan Bagh, Begumpet, Hyderabad – 500016,
Telangana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFW4298E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company: |
|
|
|
|
|
Ultimate Holding Company: |
|
|
|
|
|
Fellow Subsidiary Company: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22500000 |
Equity Shares |
INR 100/- each |
INR 2250.000 Million |
|
7500000 |
Preference Shares |
INR 100/- each |
INR 750.000 Million |
|
|
Total |
|
INR 3000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12018607 |
Equity Shares |
INR 10/- each |
INR 1201.861 Million |
|
6831817 |
Preference Shares |
INR 100/- each |
INR 683.182
Million |
|
|
Total |
|
INR
1885.042 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 |
1885.042 |
1885.042 |
1885.042 |
|
(b) Reserves &
Surplus |
(1810.285) |
(1628.029) |
(1650.867) |
|
(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) |
74.757 |
257.013 |
234.175 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
376.984 |
385.123 |
362.052 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
14.846 |
15.078 |
14.769 |
|
(d) long-term provisions |
267.194 |
254.405 |
244.816 |
|
Total Non-current
Liabilities (3) |
659.024 |
654.606 |
621.637 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
476.207 |
382.780 |
470.165 |
|
(b) Trade payables |
1061.894 |
1568.363 |
1575.201 |
|
(c) Other current liabilities |
258.999 |
235.292 |
178.092 |
|
(d) Short-term provisions |
203.968 |
104.443 |
146.764 |
|
Total Current Liabilities
(4) |
2001.068 |
2290.878 |
2370.222 |
|
|
|
|
|
|
TOTAL |
2734.849 |
3202.497 |
3226.034 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
746.083 |
749.077 |
856.873 |
|
(ii) Intangible Assets |
0.000 |
0.111 |
0.264 |
|
(iii) Capital
work-in-progress |
137.644 |
87.241 |
33.695 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
59.206 |
77.162 |
81.456 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
942.933 |
913.591 |
972.288 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
725.053 |
753.989 |
938.153 |
|
(c) Trade receivables |
658.530 |
1019.541 |
863.456 |
|
(d) Cash and cash
equivalents |
178.279 |
175.687 |
24.617 |
|
(e) Short-term loans and
advances |
127.921 |
189.330 |
248.235 |
|
(f) Other current assets |
102.133 |
150.359 |
179.285 |
|
Total Current Assets |
1791.916 |
2288.906 |
2253.746 |
|
|
|
|
|
|
TOTAL |
2734.849 |
3202.497 |
3226.034 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
4005.468 |
5634.202 |
6647.443 |
|
|
Other Income |
35.423 |
1.696 |
5.163 |
|
|
TOTAL |
4040.891 |
5635.898 |
6652.606 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2373.443 |
3596.385 |
4661.393 |
|
|
Purchases of Stock-in-Trade |
22.340 |
13.800 |
2.982 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
56.535 |
111.659 |
63.952 |
|
|
Employees benefits
expense |
800.391 |
809.177 |
830.577 |
|
|
Exceptional items |
0.000 |
0.000 |
177.023 |
|
|
Other expenses |
830.318 |
826.734 |
906.004 |
|
|
TOTAL |
4083.027 |
5357.755 |
6641.931 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
(42.136) |
278.143 |
10.675 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
71.587 |
100.568 |
135.184 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(113.723) |
177.575 |
(124.509) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
68.533 |
154.737 |
195.646 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(182.256) |
22.838 |
(320.155) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(182.256) |
22.838 |
(320.155) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1223.625 |
1786.715 |
1718.391 |
|
|
TOTAL EARNINGS |
1223.625 |
1786.715 |
1718.391 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
354.754 |
500.785 |
697.101 |
|
|
Components and Stores
parts |
0.469 |
35.610 |
11.441 |
|
|
TOTAL IMPORTS |
355.223 |
536.395 |
708.542 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(15.16) |
1.9 |
-26.64 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
44.460 |
387.879 |
394.219 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
60.01 |
66.05 |
47.41 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.08 |
5.53 |
7.70 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
161.78 |
158.57 |
123.26 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(0.06) |
7.47 |
6.90 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(0.05) |
6.74 |
7.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.87 |
0.84 |
0.85 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
11.41 |
2.99 |
3.55 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
26.77 |
8.91 |
10.12 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
11.82 |
3.25 |
3.80 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(0.59) |
2.77 |
0.08 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(4.55) |
0.41 |
(4.82) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(6.66) |
0.71 |
(9.92) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(243.80) |
8.89 |
(136.72) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.90 |
1.00 |
0.95 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.53 |
0.67 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.03 |
0.08 |
0.07 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.45 |
0.41 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.90 |
1.00 |
0.95 |
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 |
1885.042 |
1885.042 |
1885.042 |
|
Reserves & Surplus |
(1650.867) |
(1628.029) |
(1810.285) |
|
Net worth |
234.175 |
257.013 |
74.757 |
|
|
|
|
|
|
long-term borrowings |
362.052 |
385.123 |
376.984 |
|
Short term borrowings |
470.165 |
382.780 |
476.207 |
|
Total borrowings |
832.217 |
767.903 |
853.191 |
|
Debt/Equity ratio |
3.554 |
2.988 |
11.413 |
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 |
6647.443 |
5634.202 |
4005.468 |
|
|
|
(15.243) |
(28.908) |
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 |
6647.443 |
5634.202 |
4005.468 |
|
Profit/(Loss) |
(320.155) |
22.838 |
(182.256) |
|
|
(4.82)% |
0.41% |
(4.55)% |
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 |
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) |
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Term loans from others |
102.463 |
104.675 |
|
Total |
102.463 |
104.675 |
COMPANY OVERVIEW
The company is incorporated in 1997 is engaged primarily in manufacturing, trading and sale of compressors used in room air-conditioners and refrigerators, with manufacturing facilities located in Hyderabad, Telangana and Ballabgarh, Haryana, India. The Company also provides engineering design services using information technology
FINANCIAL
PERFORMANCE:
During the year , the Company had exited the randf Compressor segment because of low margins and higher investment needs, as a result sales were lower than the previous year 2015 -16 . The Company has achieved the Gross Sales of INR 4338.000 Million compared to INR 6110.300 Million in the previous period. The total foreign exchange earnings from exports of goods and services during the year were INR 1862.200 Million compared to INR 1737.500 Million during 2015 -16
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Deferred payment liabilities |
274.521 |
280.448 |
|
Total |
274.521 |
280.448 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B19705508 |
10228694 |
STATE BANK OF INDIA |
24/06/2010 |
24/08/2011 |
- |
250000000.0 |
CORPORATE ACCOUNTS GROUP BRANCH, JAWAHAR VYAPARBHAWAN, 11TH & 12TH FLOOR, TOLSTOY MARGNEW DELHIDL110001IN |
|
2 |
C04300471 |
90130244 |
ALLAHABAD BANK |
07/03/2003 |
25/03/2014 |
- |
1312500000.0 |
INDUSTRIAL FINANCE BRANCH, 1ST FLOOR,AMEERPET MAIN ROAD,HYDEARBADAP500016IN |
|
3 |
A69044352 |
10027933 |
STATE BANK OF INDIA |
19/10/2006 |
11/04/2008 |
21/08/2009 |
250000000.0 |
CORPORATE ACCOUNTS GROUP, JAWAHAR VYAPAR BHAWAN,11TH & 12TH FLOOR, 1 TOLSTOY MARGNEW DELHIDL110001IN |
|
4 |
A11587482 |
90130667 |
STANDARD CHARTERED BANK |
18/03/2005 |
- |
19/02/2007 |
455000000.0 |
6-3-1090 RAJ BHAWAN ROADSOMAJIGUDAHYDERABADAP500082IN |
|
5 |
Y10222845 |
90130040 |
STANDARD CHARTERED GRINDLAYS BANK LTD. |
12/12/2001 |
- |
17/09/2003 |
125000000.0 |
6-3-1990 RAJ BHAWAN ROADSOMAJIGUDAHYDERABADAP500082IN |
FIXED ASSETS:
- Land
- Buildings
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
- 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 63.49 |
|
|
1 |
INR 90.91 |
|
Euro |
1 |
INR 79.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
POO |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
NKTS |
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.