|
|
|
MIRA
INFORM REPORT
|
Report No. : |
508306 |
|
Report Date : |
16.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
ACER INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
|
|
Tel. No.: |
91-80-25329520 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
09.09.1999 |
|
|
|
|
Com. Reg. No.: |
08-025698 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 78.804 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909KA1999PTC025698 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0799008966 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
29AACCA1237A1ZB |
|
|
|
|
TIN No: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA1237A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Computer Systems and Peripherals.
[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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject was incorporated in the year 1999. It is a subsidiary of Acer
Holdings International Inc, British Virgin Island. The company is a manufacturer and trader of computer systems and
peripherals. As per the financial records of 2017, the company has reported a
decline in its revenue as compared to the previous year and has earned a
minimal net profit margin of 0.12%. The overall financial position of the company is seems to be healthy
marked by sound net worth base along with debt free balance sheet profile and
average liquidity position. Rating takes into consideration the company’s established position in
the Indian personal computer market, it’s extensive distribution network and strong
brand image. Rating also takes into account the financial and managerial support
that the company receives from its parent company. Business is active. Payment seems to be regular. 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 |
ICRA |
|
Rating |
Bank Guarantee (BBB+) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
28.03.2018 |
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 16.05.2018
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.: 91-80-39408700/ 40708700 /
91-33-44272400/ 40509200)
LOCATIONS
|
Registered Office / Head Office: |
|
|
Tel. No.: |
91-80- 39408700/ 40708700 |
|
Fax No.: |
91-80-25219535 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 sq. ft. |
|
Locations : |
Rented |
|
|
|
|
Regional Office:
|
Office No. 2, 5th Floor, Tower II, PS Srijan Corporate Park, GP - 2,
Block EP and GP, Sector V - Salt lake, Kolkata - 700 091, West Bengal, India |
|
|
|
|
Factory : |
RS No. 132/4, Ramanathapuram Village, Villianur Commune, Pondicherry – 605502, Tamilnadu, India Tel. No. 91-413-2666994 |
|
Area : |
16000 sq. ft. |
|
Locations : |
Leased |
|
|
|
|
Branch Office: |
Located at
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Harish Kumar Kohli |
|
Designation : |
Managing director |
|
Address : |
Flat 232-E, Natasha Golf View Apartment, Domlur, Bangalore-560071, Karnataka, India |
|
Date of Birth/Age : |
24.05.1960 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.12.2011 |
|
PAN No.: |
AAFPK6776L |
|
DIN No.: |
03634184 |
|
|
|
|
Name : |
Mr. Chen Yu Ling |
|
Designation : |
Additional Director |
|
Address : |
7F, No. 48, LN. 13, Baoyi Road, Wenshan District, Taipei
City, 116, Taiwan |
|
Date of Birth/Age : |
01.09.91970 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.07.2015 |
|
DIN No.: |
07236552 |
|
|
|
|
Name : |
Chih Hou Yuan |
|
Designation : |
Director |
|
Address : |
16F, No.8, ALY. 59, LN. 284, Wuxing St., Xinyi District Taipei City 0007672107 China |
|
Date of Birth/Age : |
01.02.1968 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
30.08.2016 |
|
DIN No.: |
07603434 |
KEY EXECUTIVES
|
Name : |
Mr. Narayana Raju |
|
Designation : |
Secretary |
|
Address : |
197/8, 9th Cross, 2nd Block, Jayanagar, Bangalore -
560011, Karnataka, India |
|
Date of Appointment : |
20.12.2002 |
|
PAN No: |
AAGPN1884M |
MAJOR SHAREHOLDERS
As on: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Acer Holdings International Inc, Virgin Islands, British |
|
78803761 |
|
Acer Computer (ME) Limited, UAE |
|
3 |
|
Total |
|
78803764 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Bodies corporate] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturer and Trader of Computer Systems and
Peripherals. [Registered
Activity] |
||||
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|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
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|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
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|
Customers : |
|
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|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
BSR and Company LLP Chartered Accountants |
|
Address : |
Maruthi Info Tech Centre, 11-12/1 Inner Ring Road, Koramangla, Bangalore, Karnataka, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFB9852F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company: |
|
|
|
|
|
Associate |
|
CAPITAL STRUCTURE
As on: 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
127500000 |
Equity Shares |
INR 1/- each |
INR 127.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
78803764 |
Equity Shares |
INR 1/- each |
INR 78.804 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 |
78.804 |
78.804 |
78.804 |
|
(b) Reserves and Surplus |
818.692 |
793.661 |
729.485 |
|
(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) |
897.496 |
872.465 |
808.289 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
8593.363 |
7933.171 |
6479.849 |
|
(c) Other
current liabilities |
688.654 |
429.976 |
282.471 |
|
(d) Short-term
provisions |
247.225 |
281.190 |
241.104 |
|
Total Current
Liabilities (4) |
9529.242 |
8644.337 |
7003.424 |
|
|
|
|
|
|
TOTAL |
10426.738 |
9516.802 |
7811.713 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
20.200 |
22.349 |
11.085 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
943.657 |
634.076 |
444.034 |
|
(e) Other
Non-current assets |
7.436 |
21.273 |
22.663 |
|
Total Non-Current
Assets |
971.293 |
677.698 |
477.782 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2435.360 |
2700.321 |
2017.801 |
|
(c) Trade
receivables |
6495.498 |
5465.752 |
4913.151 |
|
(d) Cash and
bank balances |
216.360 |
267.277 |
172.510 |
|
(e)
Short-term loans and advances |
308.227 |
405.754 |
230.469 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
9455.445 |
8839.104 |
7333.931 |
|
|
|
|
|
|
TOTAL |
10426.738 |
9516.802 |
7811.713 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
21409.970 |
26872.200 |
25878.139 |
|
|
Other Income |
19.521 |
33.420 |
49.445 |
|
|
TOTAL |
21429.491 |
26905.620 |
25927.584 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
11414.729 |
14332.012 |
11411.385 |
|
|
Purchases of
Stock-in-Trade |
7154.732 |
9509.806 |
10728.481 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
13.765 |
(225.189) |
306.465 |
|
|
Employee benefit expense |
492.702 |
498.304 |
419.790 |
|
|
Other expenses |
2314.017 |
2699.690 |
2922.166 |
|
|
TOTAL |
21389.945 |
26814.623 |
25788.287 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
39.546 |
90.997 |
139.297 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.705 |
11.561 |
33.892 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
36.841 |
79.436 |
105.405 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
11.798 |
6.682 |
6.301 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
25.043 |
72.754 |
99.104 |
|
|
|
|
|
|
|
Less |
TAX |
0.012 |
8.579 |
16.044 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
25.031 |
64.175 |
83.060 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
627.335 |
68.130 |
53.085 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.32 |
0.81 |
1.05 |
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
145.782 |
302.848 |
99.272 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(71.022) |
89.178 |
(100.625) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days [Sundry Debtors
/ Income * 365] |
|
110.74 |
74.24 |
69.30 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
3.30 |
4.92 |
5.27 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
168.91 |
121.45 |
106.83 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.02 |
0.03 |
0.07 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
1.96 |
4.07 |
12.57 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio
[(Borrowing + Current Liabilities) / Total Assets] |
|
0.91 |
0.91 |
0.90 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
10.62 |
9.91 |
8.66 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.02 |
0.03 |
0.01 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
14.62 |
7.87 |
4.11 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
0.12 |
0.24 |
0.32 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
0.24 |
0.67 |
1.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
2.79 |
7.36 |
10.28 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio
[Current Assets / Current Liabilities] |
|
0.99 |
1.02 |
1.05 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.74 |
0.71 |
0.76 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.09 |
0.09 |
0.10 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
0.99 |
1.02 |
1.05 |
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 |
78.804 |
78.804 |
78.804 |
|
Reserves & Surplus |
729.485 |
793.661 |
818.692 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
808.289 |
872.465 |
897.496 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
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 |
25878.139 |
26872.200 |
21409.970 |
|
|
|
3.841 |
(20.327) |
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 |
25878.139 |
26872.200 |
21409.970 |
|
Profit/ (Loss) |
83.060 |
64.175 |
25.031 |
|
|
0.32
% |
0.24
% |
0.12
% |
LEGALS
FILE
CCH1 PRL. CITY CIVIL and SESSIONS JUDGE
Case Details
Case Type: O.S.
- Original Suit
Filing Number: 1396/2017Filing Date: 25-02-2017
Registration Number: 1399/2017Registration Date: 25-02-2017
Case Code: 205200013962017
CASE STATUS
First Hearing
Date: 25th February 2017
Next Hearing Date: 13th June 2017
Stage of Case: SUMMONS
Court Number and Judge: 808-CCH38 XXXVII ADDL. CITY CIVIL & SESSIONS
JUDGE
PETITIONER AND ADVOCATE
1) M/S REPAIR AND
RETURN TECHNOLOGY INDIA PVT LTD
Address - REGD OFFICE AT 1014, 10TH FLOOR, B WING,
MITTAL TOWER, MG ROAD, BANGALORE 01. REP BY ITS AUTHORIZED REPRESENTATIVE, P C
XAVIER.
Advocate- SUDEEP.V.C
RESPONDENT AND ADVOCATE
1) M/S ACER INDIA
PRIVATE LIMITED
Address - EMBASSY HEIGHTS, 6TH FLOOR, NO.13, MAGRATH
ROAD, BANGALORE 25. REP BY ITS MANAGING DIRECTOR, HARISH KUMAR KOHLI.
ACTS
|
Under Act(s) |
Under Section(s) |
||||
|
U/O 7 RULE 1 AND 2 AND R/W SEC 26 OF CPC |
, |
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|
History of Case Hearing |
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|
Registration Number |
Judge |
Business On Date |
Hearing Date |
Purpose of hearing |
|
|
1399/2017 |
CCH38 XXXVII ADDL. CITY CIVIL & SESSIONS JUDGE |
25-02-2017 |
27-02-2017 |
FIRST HEARING |
|
|
1399/2017 |
CCH38 XXXVII ADDL. CITY CIVIL & SESSIONS JUDGE |
27-02-2017 |
24-03-2017 |
SUMMONS |
|
|
1399/2017 |
CCH38 XXXVII ADDL. CITY CIVIL & SESSIONS JUDGE |
24-03-2017 |
28-04-2017 |
SUMMONS |
|
|
1399/2017 |
CCH38 XXXVII ADDL. CITY CIVIL & SESSIONS JUDGE |
28-04-2017 |
13-06-2017 |
SUMMONS |
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by info
agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
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 |
No |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The Registered office of the company has been shifted from “George Thangiah Complex, 80 Feet Road, Indiranagar, Bangalore, Karnataka, India.” to present address w.e.f 11.12.2008
OPERATIONS:
The Company is in the process of manufacturing and trading of Monitors, Laptops, mobile phones and computer systems and peripherals having the manufacturing unit at Pondicherry, Tamilnadu.p;
COMPANY OVERVIEW
The Company was incorporated on 9 September 1999, as a Private Limited Company under the Companies Act, 1956 (‘the Act’). The Company is a subsidiary of Acer Holdings International Inc., British Virgin Island. The Company manufactures and trades in computer systems and peripherals.
INDEX OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C32623951 |
10529647 |
The Hongkong and Shanghai Banking Corporation Limited |
09/10/2014 |
- |
- |
50000000.0 |
NO 7 MG ROADBANGALOREKA560001IN |
|
2 |
B57647901 |
90197863 |
Standard Chartered Bank |
29/11/2000 |
31/05/2004 |
23/08/2012 |
70000000.0 |
26/27; M. G. ROADBANGALOREKA560001IN |
|
3 |
B58262866 |
90198156 |
The Hongkong and Shanghai Banking Corporation Limited |
09/08/2002 |
28/06/2005 |
22/08/2012 |
50000000.0 |
NO. 7; MAHATMA GANDHI ROADBANGALOREKA560001IN |
|
4 |
B57985475 |
90199546 |
The Hongkong and Shanghai Banking Corporation Limited |
09/08/2002 |
- |
22/08/2012 |
50000000.0 |
7; M. G. ROADBANGALOREKAIN |
|
5 |
A28431559 |
90200738 |
The Hongkong and Shanghai Banking corporation Limited |
09/08/2002 |
25/05/2007 |
13/12/2007 |
430000000.0 |
7 MG RoadBangalore - 560001BangalorweKA560001IN |
FIXED ASSETS
Tangible assets
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
- Leasehold improvements
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 67.53 |
|
|
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPY |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.