|
|
|
MIRA
INFORM REPORT
|
Report No. : |
499317 |
|
Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TESLA TRANSFORMERS LIMITED (w.e.f. 17.09.1996) |
|
|
|
|
Formerly Known
As : |
TESLA TRANSFORMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
30-B, Industrial Area, Govindpura, Bhopal – 462023, Madhya Pradesh |
|
Tel. No.: |
91-755-2586778 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
26.02.1980 |
|
|
|
|
Com. Reg. No.: |
10-001601 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 43.325 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300MP1980PLC001601 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
23AABCT1005C1ZB |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT1005C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
· Manufacturer of Transformer · Construction Services of transformer stations (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Available |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Tesla Transformers Limited was incorporated in the year 1980. It is a manufacturer of Transformers including Power Transformers, Welding Transformers and Pulse Transformers. For the financial year 2017, the revenue of the company has decreased by 31.91% but has managed to maintain average profit margin of 2.59%. The sound financial profile of the company is marked by adequate networth base and favourable gap between trade payables and trade receivables along with negligible debt level. The rating takes into consideration the subject’s long track record of business operations along with extensive experience of its promoters. However, rating strengths are partially offset by susceptibility of its profit margins to volatile raw material prices and forex fluctuations, along with intensified competition and execution challenges in the domestic transformer industry. Business is active. Payments 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 |
CARE |
|
Rating |
Long term bank facilities : BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
06.01.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities : A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
06.01.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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.
LOCATIONS
|
Registered Office : |
30-B, Industrial Area, GovIndpura, Bhopal – 462023, Madhya Pradesh,
India |
|
Tel. No.: |
91-755-2586778 / 2586328 / 4271973 |
|
Fax No.: |
91-755-2581865 |
|
E-Mail : |
mktg@teslatransformers.com
|
|
Website : |
|
|
Area : |
45000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
19, 20B Industrial Area, Govinapura, Bhopal, Madhya Pradesh, India |
|
Area : |
90000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
23A, Sector B Industrial Area, Govinapura, Bhopal-462023, Madhya
Pradesh, India |
|
Area : |
53000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Vijay Kumar Jain |
||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||
|
Address : |
68-B, Sector-A, Shahpura, Bhopal-462016, Madhya Pradesh, India |
||||||||||||||||||||
|
Date of Birth/Age : |
16.08.1937 |
||||||||||||||||||||
|
Date of Appointment : |
28.02.1980 |
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|
DIN No.: |
00012038 |
||||||||||||||||||||
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Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Riyaz Siddiqui |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
E-7, H-750, Arera Colony, Bhopal-462016, Madhya Pradesh, India |
||||||||||||||||||||
|
Date of Birth/Age : |
20.03.1965 |
||||||||||||||||||||
|
Date of Appointment : |
29.12.1997 |
||||||||||||||||||||
|
DIN No.: |
00056240 |
||||||||||||||||||||
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Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Jaideep Jain |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
68-B, Sector-A, Shahpura, Bhopal-462016, Madhya Pradesh, India |
||||||||||||||||||||
|
Date of Birth/Age : |
07.05.1966 |
||||||||||||||||||||
|
Date of Appointment : |
27.06.1998 |
||||||||||||||||||||
|
DIN No.: |
00165378 |
||||||||||||||||||||
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Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mohammed Zafar Siddqui |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
H-A-71, N.R.I. Colony, Koh-E-Fiza, Bhopal-462001, Madhya Pradesh, India |
||||||||||||||||||||
|
Date of Birth/Age : |
12.05.1972 |
||||||||||||||||||||
|
Date of Appointment : |
19.03.2007 |
||||||||||||||||||||
|
DIN No.: |
00165606 |
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Other
Directorship:
|
|||||||||||||||||||||
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|
||||||||||||||||||||
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|
|
||||||||||||||||||||
|
Name : |
Ms. Sarla Binzzani |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
1st Floor, 123, Sector A, Shahpura, Bhopal-462016, Madhya Pradesh,
India |
||||||||||||||||||||
|
Date of Birth/Age : |
04.08.1957 |
||||||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||||||
|
DIN No.: |
07547304 |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Vishwas Ghushe |
||||||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||||||
|
Address : |
Lig B.262, E-7, Arera Colony, Bhopal-462016, Madhya Pradesh, India |
||||||||||||||||||||
|
Date of Birth/Age : |
15.08.1967 |
||||||||||||||||||||
|
Date of Appointment : |
21.06.2013 |
||||||||||||||||||||
|
DIN No.: |
00165788 |
||||||||||||||||||||
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Other
Directorship:
|
|||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Amreen Thakur |
|
Designation : |
Company Secretary |
|
Address : |
D-84, Shalimar Seven Garden Hoshangabad Road, Near Madhuban Garden Bhopal-462021, Madhya Pradesh, India |
|
Date of Birth/Age : |
30.06.1986 |
|
Date of Appointment : |
02.05.2015 |
|
PAN No.: |
BQBPK2084A |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Vijay Kumar Jain |
288513 |
|
V. K. Jain, Veena Jain, Roopwati Jain
|
1350 |
|
V. K. Jain, Veena Jain |
13837 |
|
Jaideep Jain, Ritu Jain |
185350 |
|
Mohammed Zafar Siddiqui |
202330 |
|
Mohammed Riyaz Siddqui |
209080 |
|
Ritu Jain, Jaideep Jain |
102330 |
|
Usha Jain, Jayant Jain |
95580 |
|
Veena Jain, V. K. Jain |
43875 |
|
Jayant Jain, Usha Jain |
169200 |
|
Farida Siddiqui |
20250 |
|
Farida Siddiqui and Riyaz Siddiqui |
216000 |
|
Farida Siddiqui and Mohammed Zafar Siddqui |
94500 |
|
Vijay Kumar Jain and Jayant Jain |
477215 |
|
Mohammed Riyaz Siddiqui and Farida Siddiqui |
532375 |
|
Mohammed Zafar Siddique and Farida Siddique |
536965 |
|
Vijay Kumar Jain and Jaydeep Jain |
461250 |
|
Blue River Finance Corporation |
182500 |
|
Delaware Street Advisors Private Limited |
500000 |
|
Total |
4332500 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
84.25 |
|
Promoters (Body corporate) |
15.75 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturer of Transformer · Construction Services of transformer stations (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 Available |
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|
|
||||||
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Imports : |
Not Available |
||||||
|
|
|
||||||
|
Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
|
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|
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No. of Employees : |
Not Available |
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|
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
A.K. Khabya and Company Chartered Accountants |
|
Address : |
232, Shrimohan Parisar, II Floor, M. P. Nagar, Zone II, Bhopal, Madhya Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFA8165H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other related parties : |
· Delaware Street Advisors Private Limited · New Era Enterprises · Tesla Technocrats |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5100000 |
Equity Shares |
INR 10/- each |
INR 51.000 Million |
|
1750000 |
14% Redeemable Cumulative Preference Shares |
INR 10/- each |
INR 17.500 Million |
|
|
Total |
|
INR 68.500 Million
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4332500 |
Equity Shares |
INR 10/- each |
INR 43.325 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 |
43.325 |
59.725 |
59.725 |
|
(b) Reserves and Surplus |
651.604 |
609.674 |
537.127 |
|
(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) |
694.929 |
669.399 |
596.852 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10.011 |
5.020 |
0.113 |
|
(b) Deferred tax liabilities (Net) |
15.900 |
13.900 |
8.900 |
|
(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) |
25.911 |
18.920 |
9.013 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
146.990 |
130.531 |
114.525 |
|
(b) Trade
payables |
469.844 |
382.003 |
584.421 |
|
(c) Other
current liabilities |
46.444 |
58.126 |
117.911 |
|
(d) Short-term
provisions |
0.096 |
17.988 |
19.249 |
|
Total Current
Liabilities (4) |
663.374 |
588.648 |
836.106 |
|
|
|
|
|
|
TOTAL |
1384.214 |
1276.967 |
1441.971 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
153.916 |
112.382 |
111.830 |
|
(ii)
Intangible Assets |
1.001 |
1.001 |
1.001 |
|
(iii) Tangible assets
capital work-in-progress |
1.787 |
16.852 |
6.988 |
|
(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 loans and advances |
0.216 |
1.051 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
156.920 |
131.286 |
119.819 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
405.014 |
363.808 |
406.416 |
|
(c) Trade
receivables |
610.770 |
572.510 |
631.505 |
|
(d) Cash and
bank balances |
168.800 |
154.333 |
142.972 |
|
(e)
Short-term loans and advances |
35.159 |
46.211 |
131.056 |
|
(f) Other
current assets |
7.551 |
8.819 |
10.203 |
|
Total
Current Assets |
1227.294 |
1145.681 |
1322.152 |
|
|
|
|
|
|
TOTAL |
1384.214 |
1276.967 |
1441.971 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
1937.125 |
2845.320 |
2993.317 |
|
|
Other Income |
11.790 |
12.016 |
11.909 |
|
|
TOTAL |
1948.915 |
2857.336 |
3005.226 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1356.929 |
2039.652 |
2419.439 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
39.457 |
42.439 |
(97.390) |
|
|
Employee benefit expense |
83.933 |
85.609 |
75.147 |
|
|
CSR expenditure |
2.918 |
2.853 |
2.361 |
|
|
Other expenses |
322.533 |
454.007 |
336.471 |
|
|
TOTAL |
1805.770 |
2624.560 |
2736.028 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
143.145 |
232.776 |
269.198 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
61.663 |
87.307 |
95.682 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
81.482 |
145.469 |
173.516 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.711 |
10.931 |
10.816 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
70.771 |
134.538 |
162.700 |
|
|
|
|
|
|
|
Less |
TAX |
20.641 |
56.620 |
55.450 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
50.130 |
77.918 |
107.250 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
173.101 |
11.314 |
76.624 |
|
|
TOTAL EARNINGS |
173.101 |
11.314 |
76.624 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
184.425 |
117.027 |
225.560 |
|
|
TOTAL IMPORTS |
184.425 |
117.027 |
225.560 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
11.571 |
13.046 |
17.957 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
133.236 |
145.729 |
117.664 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
115.08 |
73.44 |
77.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.17 |
4.97 |
4.74 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
126.38 |
68.36 |
88.17 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.35 |
0.64 |
0.66 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.91 |
1.79 |
2.25 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.49 |
0.46 |
0.58 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.23 |
0.20 |
0.19 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.95 |
0.88 |
1.40 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.23 |
0.19 |
0.20 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.32 |
2.67 |
2.81 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.59 |
2.74 |
3.58 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.62 |
6.10 |
7.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
7.21 |
11.64 |
17.97 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.85 |
1.95 |
1.58 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.24 |
1.33 |
1.10 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.50 |
0.52 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.62 |
2.27 |
1.92 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.85 |
1.95 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
59.725 |
59.725 |
43.325 |
|
Reserves & Surplus |
537.127 |
609.674 |
651.604 |
|
Net
worth |
596.852 |
669.399 |
694.929 |
|
|
|
|
|
|
long-term borrowings |
0.113 |
5.020 |
10.011 |
|
Short term borrowings |
114.525 |
130.531 |
146.990 |
|
Total
borrowings |
114.638 |
135.551 |
157.001 |
|
Debt/Equity
ratio |
0.192 |
0.202 |
0.226 |
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 |
2993.317 |
2845.320 |
1937.125 |
|
|
|
(4.944) |
(31.919) |
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 |
2993.317 |
2845.320 |
1937.125 |
|
Profit |
107.250 |
77.918 |
50.130 |
|
|
3.58% |
2.74% |
2.59% |
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 |
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 |
No |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from others |
29.431 |
11.984 |
|
Total |
29.431 |
11.984 |
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C61947057 |
10586592 |
State Bank of India |
13/11/2014 |
- |
- |
1206000000.0 |
SME BRANCH, GOVIND PURA BHOPAL – 462023, MADHYA PRADESH, INDIA |
|
2 |
C71355549 |
10138723 |
State Bank of India |
07/01/2009 |
05/11/2015 |
- |
1400000000.0 |
COMMERCIAL BRANCH, LHO BUILDINGHOSHANGABAD ROAD, BHOPAL – 462011, MADHYA PRADESH, INDIA |
|
3 |
C74564089 |
10153089 |
PUNJAB NATIONAL BANK |
27/03/2009 |
- |
22/12/2015 |
800000.0 |
HOUSING SANCTION HUB, NEW MARKET, BHOPAL – 462002, MADHYA PRADESH, INDIA |
|
4 |
B33779976 |
10056255 |
STATE BANK OF INDIA |
01/05/2007 |
- |
17/02/2012 |
5000000.0 |
SME BRANCH, GOVIND PURA BHOPAL – 462023, MADHYA PRADESH, INDIA |
|
5 |
B34055319 |
10137482 |
STATE BANK OF INDORE |
01/12/2008 |
- |
14/02/2012 |
450000.0 |
E-5/A, GIRISH KUNJ, PARYAWARAN PARISAR, ARERA COLONY, BHOPAL – 462016, MADHYA PRADESH, INDIA |
|
6 |
B16858474 |
90210316 |
MADHYA PRADESH FINANCIAL CORPORATION |
06/01/1982 |
- |
08/07/2011 |
150000.0 |
BOMBAY AGRA ROAD, INDORE – 452001, MADHYA PRADESH, INDIA |
|
7 |
B16925877 |
90204433 |
MADHYA PRADESH FINANCIAL CORPORATION |
04/12/1972 |
- |
08/07/2011 |
160000.0 |
INDORE, MADHYA PRADESH, INDIA |
|
8 |
B16831323 |
90202481 |
STATE BANK OF INDIA |
17/08/1988 |
31/03/1989 |
04/07/2011 |
82000.0 |
INDUSTRIAL ESTATE BRANCH, GOVINDPURA, BHOPAL, MADHYA PRADESH, INDIA |
|
9 |
B16830630 |
90204655 |
STATE BANK OF INDIA |
17/08/1988 |
- |
04/07/2011 |
82000.0 |
INDUSTRIAL ESTATE BRANCH, GOVINDPURA, BHOPAL, MADHYA PRADESH, INDIA |
|
10 |
B16830994 |
90204466 |
STATE BANK OF INDIA |
07/01/1982 |
19/08/1983 |
04/07/2011 |
1150000.0 |
INDUSTRIAL ESTATE BRANCH, GOVINDPURA, BHOPAL, MADHYA PRADESH, INDIA |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Guarantees |
603.599 |
617.377 |
|
Other money for which company is contingently liable |
106.800 |
134.378 |
|
Total |
710.399 |
751.755 |
FIXED ASSETS
·
Land
·
Building : Factory
·
Building : Office
·
Plant and Machinery
·
Tools and Equipment’s
·
Electric Installation
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment’s
·
Computer
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 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 64.87 |
|
UK Pound |
1 |
INR 90.48 |
|
Euro |
1 |
INR 79.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
RKI |
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.
·