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3decades

 

 

MIRA INFORM REPORT

 

 

Report No. :

508571

Report Date :

14.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

RIELLO POWER INDIA PRIVATE LIMITED (w.e.f. 14.10.2016)

 

 

Formerly Known As :

RIELLO PCI INDIA PRIVATE LIMITED (w.e.f. 07.07.2010)

 

RIELLO POWER INDIA PRIVATE LIMITED

 

 

Registered Office :

316, World Trade Centre, 3rd Floor, Babar Road, New Delhi-110001

Tel. No.:

91-11-43594976

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

07.07.2010

 

 

Com. Reg. No.:

55-205402

 

 

Capital Investment / Paid-up Capital :

INR 21.080 Million

 

 

CIN No.:

[Company Identification No.]

U40102DL2010PTC205402

 

 

IEC No.:

[Import-Export Code No.]

Not Divulged

 

 

GSTN :

[Goods & Service Tax Registration No.]

07AAECR8429F1Z8

 

 

TIN No:

07660382095

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAECR8429F

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturing and Trading of Static UPS. (Registered Activity)

 

 

No. of Employees :

Not Divulged

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A+

 

Credit Rating

Explanation

Rating Comments

A+

Low Risk

Business dealings permissible with low risk of default

 

Maximum Credit Limit :

USD 1300000

 

 

Status :

Good

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a wholly owned subsidiary of “RPS S.p.A”, Italy. The company was incorporated in the year 2010.


It is a manufacturer of all types of Uninterrupted Power Supply Systems (UPS), Invertors and Convertors and their Parts and Accessories.


For the financial year 2017, the revenue of the company has increased by 4.98% along with fair profit margin of 15.52%.


The sound financial profile of the company is marked by adequate networth base and debt free balance sheet profile along with favourable gap between trade payables and trade receivables.


The company has favourable Earning per Share (EPS) of INR 81.99 against a face value (FV) of INR 10.


Rating takes into account of strong financial and managerial support that the company receives from its holding entity backed by its well experienced management team.


Business is active. Payment seems to be usually correct.


In view of aforesaid, the subject can be considered for business dealings at usual trade terms and conditions.


Note: The correct name of the company is “Riello Power India Private Limited”.

 

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

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 31-03-2018.

 

 

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 14.05.2018

 

 

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

 

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

 

 

INFORMATION DENIED

 

 

Management non-cooperative (Tel No.: 91-124-4111999)

 

 

LOCATIONS

 

Registered Office :

316, World Trade Centre, 3rd Floor, Babar Road, New Delhi-110001, India

Tel. No.:

91-11-43594976

Fax No.:

Not Available

E-Mail :

chittaranjan@riello-pci.com

Website :

http://www.riello-ups.in

 

 

Corporate Office

318, 3rd Floor, Time Tower, MG Road, Gurugram- 122002, Haryana, India

Tel. No.:

91-124-4727134

E-Mail :

ups@riello-power.com

 

 

Factory :

Plot No. 213A, Sector-4, IMT Manesar, Gurugram-122052, Haryana, India

Tel. No.:

91-124-455 2319, 2975498, 2975499

 

 

Branch Address 1:

Unit No. I-2/B, 1st Floor, Dhruvtara Appartment, No., 6-3-652, Somajiguda, Hyderabad-500082, Telangana, India

Tel. No.:

91-40-40172348

 

 

Branch Address 2:

723 and 724, Midas, Sahar Plaza, J.B. Nagar, Andheri Kurla Road, Next to Hotel Kohinoor, Andheri (East), Mumbai-400059 , Maharashtra, India

Tel. No.:

91-22-28398423

 

 

Branch Address 3:

112/113, First Floor, 63/2, City Centre, The Mall (Heer Place), Kanpur-208001, Uttar Pradesh, India

Tel. No.:

91-512-2302268

 

 

Branch Address 4:

2nd Floor, Block - BB, Plot No. 116, Shantipally, Rajdanga Mail Road, East Kolkata Township, Kolkata-700107, West Bengal, India

Tel. No.:

91-33-40646471

 

 

Branch Address 5:

No: 46/36, 48th Street, 9th Avenue, Ashok Nagar, Chennai -600083, Tamilnadu, India

Tel. No.:

91-44-45546150

 

 

Branch Address 6:

Ishita, 48, 2nd Floor, 2nd Main Road, Vyalicaval, Bangalore-560003, Karnataka, India

Tel. No.:

91-80-41138244

 

 

Branch Address 7:

507, 5th Floor, Sunny Trade Centre (STC), New Atish Market, Jaipur -302020 , Rajasthan, India

 

 

Branch Address 8:

104, Zenith Complex, 1st Floor, Opposite Krishi Bhavan, Shivaji Nagar, Pune-411005, Maharashtra, India

 

 

Branch Address 9:

Plot No. 994/1490, Rajarani Colony, Canal Road, Near Sani Mandir, Tankapani Road, Bhubaneshwar-751014, Orissa, India

 

 

Branch Address 10:

518-519, Devpath Behind Lal Bunglow, Off C.G. Road, Ahmedabad-380006, Gujarat, India

 

 

Branch Address 11:

Vasupujya, J - 102, Beside Mansorovar Shopping Centre, Amroli, Surat-394107 , Gujarat, India

 

 

Branch Address 12:

11/110A, Tholoor House, Young Sporters Road, N.M. Junction, Panangad P.O., Cochin-682506, Kerala, India

 

 

Branch Address 13:

83/1, Friends Colony, Ballupur, Dehradun-248001, Uttarakhand, India

 

 

Branch Address 14:

427, 4th Floor, Golden Square, Zirakapur, Mohali -140603 , Punjab, India

 

 

Branch Address 15:

No-12, Juri Path, Christian Basti, Guwahati-781005, Assam, India

 

 

Branch Address 16:

House No.7, Road No.3B, Mahesh Nagar, Patna -800024 , Bihar, India

 

 

Overseas Office:

Located At:

 

  • United Kingdom
  • Germany
  • France
  • Spain
  • Romania
  • Poland
  • United States
  • United Arab Emirates
  • China
  • Viet Nam
  • Australia
  • Singapore

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Chittaranjan Chakra

Designation :

Wholetime Director

Address :

House No. 144/11, Arjun Nagar, Gurugram-122001, Haryana, India

Date of Birth/Age :

05.07.1978

Date of Appointment :

08.01.2016

Qualification :

Chartered Accountant

PAN No.:

AGRPC3283C

DIN No:

01071205

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U72200DL2002PTC115954

LIFE SECURED.COM PRIVATE LIMITED

29/09/2007

-

 

 

Name :

Mr. Anil Kumar Munjal

Designation :

Wholetime Director

Address :

BU-98, Pitam Pura, New Delhi-110088, India

Date of Birth/Age :

02.02.1968

Date of Appointment :

07.08.2010

Qualification :

Dipl. Engineering in Electronics & Communication

PAN No.:

ADHPM8819K

DIN No:

02357316

 

 

Name :

Andrea Cattivelli

Designation :

Director

Address :

Via Vicenza 1/D-37042 Caldiero (VR) VR 37042 Italy

Date of Appointment :

17.11.2010

DIN No:

03307806

 

 

Name :

Fabio Passuello

Designation :

Director

Address :

Villa Bartolomea, Italy VR 37049 Italy

Date of Appointment :

22.06.2012

DIN No:

06369005

 

 

Name :

Roberto Facci

Designation :

Director

Address :

San Giovanni Lupatoto, Italy VR 37057 Italy

Date of Appointment :

06.05.2015

DIN No:

06369031

 

 

Name :

Oscar Tempera

Designation :

Director

Address :

Milan, Italy CT 20100 Italy

Date of Appointment :

22.06.2012

DIN No:

06371468

 

 

KEY EXECUTIVES

 

Name :

Neeraj Gupta and Associates

Designation :

Company Secretaries

Address :

710, Vishwa Sadan, District Centre, Janakpuri, New Delhi  - 110058, India

Tel. No:

91-11-45502655

Mob. No:

91-9810478804

Email:

nguptaacs@gmail.com

 

 

MAJOR SHAREHOLDERS

 

As on 31.03.2017

 

Names of Shareholders

 

No. of Shares

RPS S.p.A., Italy

 

2007999

Fabio Passuello

 

1

Total

 

2008000

 

Equity Share Break up (Percentage of Total Equity)

 

As on: 29.08.2017

 

Category

Percentage

Public/Other than promoters (Body corporate)

100.00

Total 

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing and Trading of Static UPS. (Registered Activity)

 

 

Products / Services :

Item Code No.

Products/Services Description

85044090

Power Conditioning Equipments

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

 

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Banker Name :

Punjab National Bank

Branch :

5, Sansad Marg, New Delhi-110001, India

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

 

Auditors :

 

Name :

Satish Aggarwal and Associates

Chartered Accountants

Address :

4/5B , 1st Floor, Asaf Ali Road, New Delhi, India

Income-tax PAN of auditor or auditor's firm :

ABCFS9747B

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding Company:

RPS S.p.A., Italy

 

 

 

CAPITAL STRUCTURE

 

AS ON: 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

3000000

Equity Shares

INR 10/- each

INR 30.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2108000

Equity Shares

INR 10/- each

INR 21.080 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

21.080

21.080

21.080

(b) Reserves and Surplus

431.113

328.269

266.007

(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)

452.193

349.349

287.087

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.147

(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

17.127

11.117

10.535

Total Non-current Liabilities (3)

17.127

11.117

10.682

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short-term borrowings

0.000

0.000

0.000

(b) Trade payables

221.131

131.955

162.017

(c) Other current liabilities

80.238

93.755

104.169

(d) Short-term provisions

93.051

70.183

21.446

Total Current Liabilities (4)

394.420

295.893

287.632

 

 

 

 

TOTAL

863.740

656.359

585.401

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

89.176

10.508

10.816

(ii) Intangible Assets

0.310

0.475

0.692

(iii) Tangible assets capital work-in-progress

62.154

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.449

(c) Deferred tax assets (net)

7.523

4.769

4.276

(d) Long-term loans and advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

159.163

15.752

16.233

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

167.903

142.103

138.647

(c) Trade receivables

246.497

189.135

180.262

(d) Cash and bank balances

269.895

277.444

149.900

(e) Short-term loans and advances

20.282

31.925

100.359

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

704.577

640.607

569.168

 

 

 

 

TOTAL

863.740

656.359

585.401

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Total Revenue from operations

1113.330

1060.510

955.331

 

Other Income

18.175

22.793

31.817

 

TOTAL

1131.505

1083.303

987.148

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

519.736

442.525

252.752

 

Purchases of Stock-in-Trade

118.222

136.599

328.069

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(10.674)

8.237

19.782

 

Employee benefit expense

117.655

103.025

82.555

 

CSR expenditure

2.000

2.925

0.000

 

Other expenses

110.941

121.653

68.453

 

TOTAL

857.880

814.964

751.611

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

273.625

268.339

235.537

 

 

 

 

 

Less

FINANCIAL EXPENSES

1.965

5.586

2.650

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

271.660

262.753

232.887

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

4.976

4.698

4.947

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

266.684

258.055

227.940

 

 

 

 

 

Less

TAX

93.840

91.187

76.326

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

172.843

166.868

151.614

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

49.863

83.484

51.418

 

TOTAL EARNINGS

49.863

83.484

51.418

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

153.586

153.092

217.308

 

Capital Goods

0.000

0.573

1.429

 

TOTAL IMPORTS

153.586

153.665

218.736

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

81.99

79.16

71.92

 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

0.000

0.147

0.271

 

 

 

 

Net cash flows from (used in) operations

290.561

304.104

180.192

 

 

 

 

Net cash flows from (used in) operating activities

190.205

220.186

105.268

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

[Sundry Debtors / Income * 365]

 

80.81

65.10

68.87

 

 

 

 

 

Account Receivables Turnover

[Income / Sunday Debtors]

 

4.52

5.61

5.30

 

 

 

 

 

Average Payment Days [Sundry Creditors / Purchases * 365]

 

126.52

83.17

101.81

 

 

 

 

 

Inventory Turnover [Operating Income / Inventories]

 

1.63

1.89

1.70

 

 

 

 

 

Asset Turnover [Operating Income / Net Fixed Assets]

 

1.80

24.43

20.47

 

LEVERAGE RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio [(Borrowing + Current Liabilities) / Total Assets]

 

0.46

0.45

0.49

 

 

 

 

 

Debt Equity Ratio (Borrowings / Net Worth)

 

0.00

0.00

0.00

 

 

 

 

 

Current Liabilities to Networth (Current Liabilities / Net Worth)

 

0.87

0.85

1.00

 

 

 

 

 

Fixed Assets to NetWorth (Net Fixed Assets / Net Worth)

 

0.34

0.03

0.04

 

 

 

 

 

Interest Coverage Ratio [PBIT / Financial Charges]

 

139.25

48.04

88.88

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin [(PAT / Sales) * 100]

(%)

15.52

15.73

15.87

 

 

 

 

 

Return on Total Assets [(PAT / Total Assets) * 100]

(%)

20.01

25.42

25.90

 

 

 

 

 

Return on Investment (ROI) [(PAT / NetWorth) * 100]

(%)

38.22

47.77

52.81

 

 

SOLVENCY RATIO

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio [Current Assets / Current Liabilities]

 

1.79

2.16

1.98

 

 

 

 

 

Quick Ratio [(Current Assets - Inventories) / Current Liabilities]

 

1.36

1.68

1.50

 

 

 

 

 

G-Score Ratio Financial [NetWorth / Total Assets]

 

0.52

0.53

0.49

 

 

 

 

 

G-Score Ratio Debt [Debts / Equity Capital]

 

0.00

0.01

0.02

 

 

 

 

 

G-Score Ratio Liquidity [Total Current Assets / Total Current Liabilities]

 

1.79

2.16

1.98

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

21.080

21.080

21.080

Reserves & Surplus

266.007

328.269

431.113

Net worth

287.087

349.349

452.193

 

 

 

 

Long-term borrowings

0.147

0.000

0.000

Short term borrowings

0.000

0.000

0.000

Current maturities of long-term debts

0.271

0.147

0.000

Total borrowings

0.418

0.147

0.000

Debt/Equity ratio

0.001

0.000

0.000

 

 

 

 

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

955.331

1060.510

1113.330

 

 

11.010

4.981

 

 

 

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

955.331

1060.510

1113.330

Profit/ (Loss)

151.614

166.868

172.843

 

15.87 %

15.73 %

15.52 %

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

No

8

Designation of contact person

No

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

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

--

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

OPERATIONAL REVIEW:

 

During the Financial Year 201617, the Company has registered net revenue from operations of INR 1113.330 million, as compared to INR 1060.510 Million in the previous year, an increase of 5% as compared to previous year. Profit before Tax for the year under review was INR 266.684 Million, higher by 3.34%, as compared to INR 258.055 Million in the previous year. Profit after Tax for the year under review was INR 172.843 million, as compared to INR 166.868 million higher by 3.58% as compared to the previous year.

 

 

INDEX OF CHARGES

 

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G46341509

100055449

PUNJAB NATIONAL BANK

04/06/2016

-

30/05/2017

4320000.0

PUNJAB NATIONAL BANK, 5, SANSAD MARG, NEW DELHI-110001, INDIA

2

C58403601

10261165

PUNJAB NATIONAL BANK

14/12/2010

-

02/07/2015

50000000.0

PUNJAB NATIONAL BANK, 5, SANSAD MARG, NEW DELHI-110001, INDIA

3

C58405770

10261167

PUNJAB NATIONAL BANK

14/12/2010

09/03/2012

02/07/2015

60000000.0

PUNJAB NATIONAL BANK, 5, SANSAD MARG, NEW DELHI-110001, INDIA

4

C58404302

10261166

PUNJAB NATIONAL BANK

14/12/2010

09/03/2012

23/06/2015

60000000.0

PUNJAB NATIONAL BANK, 5, SANSAD MARG, NEW DELHI-110001, INDIA

 

 

FIXED ASSETS

 

Tangible assets

 

  • Land
  • Building
  • Furniture and Fixture
  • Computer
  • Plant and Machinery
  • Vehicle
  • Office equipment
  • Computer Accessories
  • Leasehold improvements
  •  

 

Intangible assets

 

  • Computer Software

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, 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 67.22

UK Pound

1

INR 90.88

Euro

1

INR 80.09

 

 

INFORMATION DETAILS

 

Information Gathered by :

KMN

 

 

Analysis Done by :

VRS

 

 

Report Prepared by :

MTN

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--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)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.