|
|
|
MIRA INFORM REPORT
|
Report No. : |
499429 |
|
Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
AVANA ELECTROSYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.8, Plot No.35, 1st Main Road, 2nd Phase, Peenya Industrial Area,
Nelagadaranahalli Village, Bangalore – 560058, Karnataka |
|
Tel. No.: |
91-80-28392188 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
16.07.2010 |
|
|
|
|
Com. Reg. No.: |
08-054508 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 8.800
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31400KA2010PTC054508 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN / CST No.: |
29650572197 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
29AAICA6451A1ZV |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICA6451A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, exporter, dealer and supplier in various types of
electronic products, switchgear products, circuit breakers, relay, control and
protection panels, electric distribution boards, electronic meters,
transformers, raw materials, assembles, spares, accessories, consumables,
disposables, tools, test equipments, measuring equipments, telecommunication
product, satellite products, information technology products, substation,
automation products, SCADA, energy saving equipments, battery charges,
current transformers, power transformers, etc. [Registered activity and also confirmed by
management] |
|
|
|
|
No. of Employees
: |
150 (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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2010. It is a manufacturer, exporter,
dealer and supplier in various types of electronic products, switchgear
products, circuit breakers, relay, control and protection panels, electric
distribution boards etc. For the financial year 2017, the revenue of the company has increased
by 23.64% along with average profit margin of 5.24%. The rating takes into consideration the satisfactory financial profile
of the company marked by comfortable networth base along with negligible debt
level. Business is active. Payment seems to be usually correct. 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 (30.09.2017) |
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 = MSE 3 |
|
Rating Explanation |
High operating performance and good financial strength. |
|
Date |
08.07.2017 |
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 22.03.2018
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. Panish Hassan |
|
Designation : |
Director |
|
Contact No.: |
91-9686205066 |
|
Date : |
21.03.2018 |
LOCATIONS
|
Registered Office/ Factory 1 : |
No.8, Plot No.35, 1st Main Road, 2nd Phase, Peenya Industrial Area,
Nelagadaranahalli Village, Bangalore – 560058, Karnataka, India |
|
Tel. No.: |
91-80-28392188 / 28392133 |
|
Mobile No.: |
91-9686205066 (Mr. Panish Hassan) |
|
Fax No.: |
91-80-28392188 |
|
E-Mail : |
accounts@avanaelectrosystems.com |
|
Website : |
|
|
Area : |
5000 sq. ft. |
|
Location : |
Rented |
|
Locality : |
Industrial |
|
|
|
|
Factory 2 : |
N-1, 3rd Floor, 4th Cross, 1st Stage, Peenya Industrial Estate, Bangalore – 560058, Karnataka, India |
|
Tel. No.: |
91-80-28392155 |
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Fax No.: |
91-80-28392155 |
|
E-Mail : |
|
|
Area : |
5000 sq. ft. |
|
Location : |
Rented |
|
Locality : |
Industrial |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Panish Anantharamaiah Hassan |
|
Designation : |
Director |
|
Address : |
No. G1, Smaran Jyothi Apartments, 10th Main, Sampige Layout, Bangalore – 560079, Karnataka, India |
|
Date of Birth/Age : |
25.04.1969 |
|
Date of Appointment : |
16.07.2010 |
|
DIN No.: |
00288112 |
|
|
|
|
Name : |
Mr. Chandrasena Srinivasa Rao Kadur |
|
Designation : |
Director |
|
Address : |
No.488, 11th Cross, 8th Main, J P Nagar, 2nd Phase, Bangalore – 560078, Karnataka, India |
|
Date of Birth/Age : |
23.05.1946 |
|
Date of Appointment : |
16.07.2010 |
|
DIN No.: |
00289143 |
|
|
|
|
Name : |
Mr. Gururaj Dambal |
|
Designation : |
Director |
|
Address : |
2812, 14th B Main Road, R.P.C. Layout, Binnipete, Bangalore – 560040, Karnataka, India |
|
Date of Birth/Age : |
08.07.1977 |
|
Date of Appointment : |
16.07.2010 |
|
DIN No.: |
03099402 |
|
|
|
|
Name : |
Mr. Sreenath Kondahalli Nagaraj |
|
Designation : |
Director |
|
Address : |
No.87. Annapoorneshwari Layout, Kengeri, Bangalore – 560060, Karnataka, India |
|
Date of Birth/Age : |
20.05.1979 |
|
Date of Appointment : |
16.07.2010 |
|
DIN No.: |
03099421 |
|
|
|
|
Name : |
Mr. Vinod Kumar Sampatkumar |
|
Designation : |
Director |
|
Address : |
12, Chudenapur Meenakshi Layout Houses, Kengeri, Tauna, Bangalore – 560060, Karnataka, India |
|
Date of Birth/Age : |
13.01.1984 |
|
Date of Appointment : |
16.07.2010 |
|
DIN No.: |
03115822 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sreenath Kondahalli Nagaraj |
|
165300 |
|
Panish Anantharamaiah Hassan |
|
165300 |
|
Gururaj Dambal |
|
165300 |
|
Vinod Kumar Sampatkumar |
|
151800 |
|
Chandra Sana Kudur Srinivasa Rao |
|
212300 |
|
L. Manjunath |
|
20000 |
|
|
|
|
|
Total |
|
880000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
97.73 |
|
Public/Other than promoters
[Individual/Hindu Undivided Family (Indian)] |
2.27 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, exporter, dealer and supplier in various types of
electronic products, switchgear products, circuit breakers, relay, control and
protection panels, electric distribution boards, electronic meters,
transformers, raw materials, assembles, spares, accessories, consumables,
disposables, tools, test equipments, measuring equipments, telecommunication
product, satellite products, information technology products, substation,
automation products, SCADA, energy saving equipments, battery charges,
current transformers, power transformers, etc. [Registered activity and also confirmed by
management] |
||||
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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 : |
|
||||
|
Products : |
·
Electronic Products ·
Switchgear Products |
||||
|
Countries : |
·
South Africa ·
Nigeria ·
Ghana ·
Kenya |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
L/C, Advance Payment, Cheque and Others (NEFT) |
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Purchasing : |
L/C, Advance Payment, Cheque and Others (NEFT) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Vasanth and Company Chartered Accountants |
|
Address : |
New No.12 and 13, Old No.37/E, First Floor, South End Road, Beside
Surana College, Bangalore – 560004, Karnataka, India |
|
Tel. No.: |
91-80-41692944/ 41692945 |
|
Fax No.: |
91-80-41692691 |
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E-Mail : |
|
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PAN No.: |
AAGFV5352E |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900000 |
Equity Shares |
INR 10/- each |
INR 9.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
880000 |
Equity Shares |
INR 10/- each |
INR 8.800
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 |
8.800 |
8.800 |
8.800 |
|
(b) Reserves & Surplus |
42.721 |
31.709 |
24.086 |
|
(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) |
51.521 |
40.509 |
32.886 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10.620 |
1.510 |
7.210 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
10.620 |
1.510 |
7.210 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
16.910 |
20.712 |
14.679 |
|
(b) Trade
payables |
29.781 |
23.124 |
49.301 |
|
(c) Other current
liabilities |
12.883 |
12.343 |
10.920 |
|
(d) Short-term
provisions |
11.546 |
9.195 |
10.312 |
|
Total Current
Liabilities (4) |
71.120 |
65.374 |
85.212 |
|
|
|
|
|
|
TOTAL |
133.261 |
107.393 |
125.308 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
20.354 |
21.509 |
22.341 |
|
(ii)
Intangible Assets |
0.161 |
0.122 |
0.123 |
|
(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) |
0.709 |
0.654 |
0.378 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
21.224 |
22.285 |
22.842 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
20.508 |
23.994 |
24.674 |
|
(c) Trade
receivables |
46.506 |
35.511 |
57.628 |
|
(d) Cash
and cash equivalents |
15.272 |
8.835 |
7.644 |
|
(e)
Short-term loans and advances |
28.625 |
15.647 |
12.094 |
|
(f) Other
current assets |
1.126 |
1.121 |
0.426 |
|
Total
Current Assets |
112.037 |
85.108 |
102.466 |
|
|
|
|
|
|
TOTAL |
133.261 |
107.393 |
125.308 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
210.215 |
170.020 |
208.352 |
|
|
Other Income |
7.264 |
3.705 |
7.881 |
|
|
TOTAL |
217.479 |
173.725 |
216.233 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
126.179 |
95.886 |
132.137 |
|
|
Manufacturing Expenses |
27.038 |
24.102 |
23.850 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1.309 |
0.486 |
(1.537) |
|
|
Employees benefits
expense |
21.917 |
14.119 |
14.225 |
|
|
Other expenses |
17.849 |
16.990 |
23.773 |
|
|
TOTAL |
194.292 |
151.583 |
192.448 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
23.187 |
22.142 |
23.785 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
3.981 |
5.476 |
3.048 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
19.206 |
16.666 |
20.737 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.824 |
2.620 |
2.258 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
17.382 |
14.046 |
18.479 |
|
|
|
|
|
|
|
Less |
TAX |
6.370 |
5.367 |
7.138 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
11.012 |
8.679 |
11.341 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.034 |
3.559 |
12.457 |
|
|
TOTAL EARNINGS |
0.034 |
3.559 |
12.457 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1.846 |
0.726 |
3.690 |
|
|
TOTAL IMPORTS |
1.846 |
0.726 |
3.690 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
12.51 |
9.86 |
12.89 |
Expected Sales (2017-2018): INR 250.000 Million
The above information has been parted by Mr. Panish Hassan (Director)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.510 |
5.699 |
5.968 |
|
Cash generated from operations |
4.460 |
15.377 |
21.975 |
|
Net Cash flows from operating activities |
(1.965) |
9.733 |
14.678 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
80.75 |
76.24 |
100.96 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.52 |
4.79 |
3.62 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
70.95 |
70.34 |
115.36 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.13 |
0.92 |
0.96 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.13 |
1.02 |
1.06 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.62 |
0.68 |
0.79 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.56 |
0.69 |
0.85 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.38 |
1.61 |
2.59 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.40 |
0.53 |
0.68 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.82 |
4.04 |
7.80 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
5.24 |
5.10 |
5.44 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.26 |
8.08 |
9.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
21.37 |
21.42 |
34.49 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.58 |
1.30 |
1.20 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.29 |
0.93 |
0.91 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.39 |
0.38 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.30 |
3.17 |
3.17 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.58 |
1.30 |
1.20 |
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 |
8.800 |
8.800 |
8.800 |
|
Reserves & Surplus |
24.086 |
31.709 |
42.721 |
|
Net
worth |
32.886 |
40.509 |
51.521 |
|
|
|
|
|
|
Long Term borrowings |
7.210 |
1.510 |
10.620 |
|
Short Term borrowings |
14.679 |
20.712 |
16.910 |
|
Current maturities of long term debt |
5.968 |
5.699 |
1.510 |
|
Total
borrowings |
27.857 |
27.921 |
29.040 |
|
Debt/Equity
ratio |
0.847 |
0.689 |
0.564 |
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
|
208.352 |
170.020 |
210.215 |
|
|
|
(18.398) |
23.641 |
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
|
208.352 |
170.020 |
210.215 |
|
Profit/(Loss) |
11.341 |
8.679 |
11.012 |
|
|
5.44% |
5.10% |
5.24% |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BACKGROUND
The company was incorporated on 16th July 2010. The company
is engaged in the business of manufacturing and dealers in various types of
electronic products, switchgear products, circuit breakers, relay, control and
protection panels, electric distribution boards, electronic meters,
transformers, raw materials, assembles, spares, accessories, consumables,
disposables, tools, test equipments, measuring equipments, telecommunication
product, satellite products, information technology products, substation, automation
products, SCADA, energy saving equipments, battery charges, current
transformers, power transformers, etc.
COMPANY’S
PERFORMANCE:
The company’s standalone profit before tax and depreciation for year was INR 19.206 million as against previous year INR 16.667 million. Profit after taxes (PAT) was INR 17.382 million as against previous year INR 14.046 million.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Term Loans from Other Parties |
0.000 |
1.510 |
|
|
|
|
|
Total |
0.000 |
1.510 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C46198990 |
10262492 |
STATE BANK OF INDIA |
03/01/2011 |
21/01/2015 |
- |
40000000.0 |
SME CITY CREDIT CENTRE, # 161, "LOTUS", LAGGERE CROSS, PEENYA INDUSTRIAL AREA, BANGALORE KA560058IN |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Outstanding guarantees and counter guarantees to various banks, in respect of the guarantees given by those banks in favour of various govern met authorities and others; |
|
|
|
-Bank guarantees given for the same against the fixed deposit with bank |
14.760 |
13.487 |
|
-Letter of credit |
4.475 |
3.557 |
FIXED ASSETS
Tangible Assets
· Land
· Computer
· Office Equipments
· Plant and Machinery
· Tools
· Furniture and Fittings
Intangible Asset
· 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 65.22 |
|
|
1 |
INR 91.33 |
|
Euro |
1 |
INR 79.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.