|
|
|
MIRA INFORM REPORT
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Report No. : |
508243 |
|
Report Date : |
16.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
TEK COMPONENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. E-90, MIDC, Ranjangaon, Village-Karegaon, Shirur, Pune – 412208,
Maharashtra |
|
Tel. No.: |
91-20-66405300 |
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|
|
|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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|
Date of
Incorporation : |
21.04.1993 |
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|
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|
Com. Reg. No.: |
11-071707 |
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|
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Capital
Investment / Paid-up Capital : |
INR 16.601 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH1993PTC071707 |
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|
|
|
IEC No.: [Import-Export Code No.] |
3198006031 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AAACT6793L |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
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Legal Form : |
Private Limited Liability Company. |
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|
Line of Business
: |
(Registered activity) |
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No. of Employees
: |
Information declined by the management |
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 |
|
Maximum Credit Limit : |
USD 610000 |
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|
|
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1993 having
good track records. For the financial year ended 2017, revenue and profit of the company
has marginally declined. However, the company possesses sound financial profile marked by
healthy net worth base along with debt free balance sheet and favourable gap
between trade payables to its trade receivable. The company also derives strength from its long established track
record of business operations. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular and as per commitments. 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 |
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 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.: 91-20-66405300)
LOCATIONS
|
Registered Office /
Manufacturing Plant : |
Plot No. E-90, MIDC, Ranjangaon, Village-Karegaon, Shirur, Pune – 412208,
Maharashtra, India |
|
Tel. No.: |
91-20-66405300 / 66495200 |
|
Fax No.: |
91-2038-612005 |
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E-Mail : |
samir.tembhurnikar@groupe-cahors.in |
|
Website : |
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|
|
|
|
Business and Design
Centre / Corporate / Administrative Office
: |
Survey No. 232/1+2, “Anand Emerald”, 1st floor, Office No. 401 and 402, Sakore Nagar, Lohegaon, Pune - 411014, Maharashtra, India |
|
Tel. No.: |
91-20-30261700 |
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Fax No.: |
91-20-30261712 |
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E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Michel Andre Pierre Hibon |
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Designation : |
Director |
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Address : |
696, Chemin Du Pont De, Campagne, |
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Date of Birth/Age : |
24.01.2007 |
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Date of Appointment : |
29.09.2007 |
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DIN No.: |
01403834 |
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Other Directorship:
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Name : |
Philippe Alain Gerard Rostain |
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Designation : |
Director |
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Address : |
53, Rue De Lechiquier, |
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Date of Birth/Age : |
01.06.1943 |
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Date of Appointment : |
24.01.2007 |
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DIN No.: |
01404663 |
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Other Directorship:
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Name : |
Francoise Brigitte Genevieve Bacqueyrisses Gacs |
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Designation : |
Director |
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Address : |
157, Boulevaro George 5 Talenge, France 033400 |
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Date of Birth/Age : |
25.06.1945 |
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Date of Appointment : |
08.06.2012 |
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DIN No.: |
05293089 |
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Other Directorship:
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Name : |
Herve Georges Maurice Hibon |
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Designation : |
Director |
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Address : |
13 LA, Plaine Du, Ban , Ventabren – 13122, France |
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Date of Birth/Age : |
18.06.1951 |
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Date of Appointment : |
08.06.2012 |
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DIN No.: |
05293109 |
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Name : |
Bertrand Henri Marie Hibon |
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Designation : |
Director |
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Address : |
4, Les Tilleuls, Gruson 059192 France |
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Date of Birth/Age : |
07.11.1948 |
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Date of Appointment : |
08.06.2012 |
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DIN No.: |
05293122 |
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Name : |
Alexandre Samy Ramat |
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Designation : |
Director |
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Address : |
206, Chemin Dela Chapelle 07500 Guilherand Granges France 07500 |
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Date of Birth/Age : |
07.04.1960 |
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Date of Appointment : |
15.10.2013 |
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DIN No.: |
06566962 |
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Name : |
Stephane Prin |
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Designation : |
Managing Director |
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Address : |
33, Rue Du Bousquet Laloubere 65310 France |
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Date of Appointment : |
26.05.2016 |
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DIN No.: |
07528917 |
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Name : |
Jose Plakkeel |
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|
Designation : |
Managing Director |
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Address : |
Brahma Suncity, Cl2-0401, Vadgaon Sheri, Pune – 411014, Maharashtra, India |
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Date of Appointment : |
31.05.2016 |
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DIN No.: |
07532530 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
MAEC [SAS], France |
|
166012 |
|
Groupe Cahors |
|
1 |
|
|
|
|
|
Total |
|
166013 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
(Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
V P B and Associates Chartered Accountants |
|
Address : |
K-6/2, Laxmi Prabha Erandwana Society, Opposite Seva Sadan School,
Erandwana, Pune – 411004, Maharashtra, India |
|
Tel. No.: |
91-20-25411050/ 25450848 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AABFB2219H |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Ultimate Holding
Company.: |
Groupe Cahors |
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|
|
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Holding Company.: |
Manufacture Appareillage Electrique Cahors (MAEC) (holds 99.99% of the equity share capital at 31 March 2015). |
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Other related
parties with whom transactions have taken place: |
Group Companies:
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 100/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
166013 |
Equity Shares |
INR 100/- each |
INR 16.601
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 |
16.601 |
16.601 |
16.601 |
|
(b) Reserves & Surplus |
195.155 |
173.569 |
156.616 |
|
(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) |
211.756 |
190.170 |
173.217 |
|
|
|
|
|
|
(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 |
6.019 |
4.273 |
3.724 |
|
Total
Non-current Liabilities (3) |
6.019 |
4.273 |
3.724 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.152 |
20.420 |
|
(b) Trade payables |
28.084 |
23.820 |
20.627 |
|
(c) Other current liabilities |
0.991 |
1.204 |
1.254 |
|
(d) Short-term provisions |
21.049 |
22.944 |
12.057 |
|
Total
Current Liabilities (4) |
50.124 |
48.120 |
54.358 |
|
|
|
|
|
|
TOTAL |
267.899 |
242.563 |
231.299 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
66.916 |
69.003 |
77.147 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
7.780 |
5.176 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.025 |
15.025 |
0.025 |
|
(c) Deferred tax assets (net) |
2.660 |
0.985 |
0.236 |
|
(d) Long-term Loan and Advances |
4.307 |
6.262 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
3.080 |
|
Total
Non-Current Assets |
81.688 |
96.451 |
80.488 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
34.159 |
32.699 |
47.574 |
|
(c) Trade receivables |
78.435 |
74.609 |
64.774 |
|
(d) Cash and cash equivalents |
25.294 |
1.651 |
0.531 |
|
(e) Short-term loans and
advances |
48.323 |
37.153 |
37.932 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
186.211 |
146.112 |
150.811 |
|
|
|
|
|
|
TOTAL |
267.899 |
242.563 |
231.299 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
286.901 |
299.094 |
246.263 |
|
|
Other Income |
13.324 |
15.628 |
8.576 |
|
|
TOTAL
|
300.225 |
314.722 |
254.839 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
76.199 |
87.737 |
76.572 |
|
|
Purchases of Stock-in-Trade |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.053 |
9.522 |
3.272 |
|
|
Employees benefits expense |
54.556 |
47.346 |
39.340 |
|
|
Other expenses |
116.806 |
107.778 |
95.200 |
|
|
TOTAL |
249.614 |
252.383 |
214.384 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
50.611 |
62.339 |
40.455 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.262 |
1.769 |
2.927 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
49.349 |
60.570 |
37.528 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
16.747 |
16.556 |
18.207 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
32.602 |
44.014 |
19.321 |
|
|
|
|
|
|
|
Less |
TAX |
11.016 |
15.776 |
(2.449) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
21.586 |
28.238 |
21.770 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
261.127 |
272.235 |
220.365 |
|
|
TOTAL
EARNINGS |
261.127 |
272.235 |
220.365 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
28.458 |
20.644 |
25.749 |
|
|
Spares and tools |
7.284 |
1.182 |
5.555 |
|
|
Capital Goods Purchased |
6.954 |
19.693 |
7.791 |
|
|
Other expenditure |
0.729 |
0.375 |
0.000 |
|
|
TOTAL
IMPORTS |
43.425 |
41.894 |
39.095 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
130.00 |
170.00 |
116.00 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
24.696 |
40.953 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
99.79 |
91.05 |
96.01 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.66 |
4.01 |
3.80 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
134.52 |
99.10 |
98.32 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.48 |
1.91 |
0.85 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.68 |
0.84 |
0.52 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.19 |
0.20 |
0.24 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.12 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.24 |
0.25 |
0.31 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.35 |
0.39 |
0.45 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
40.10 |
35.24 |
13.82 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
7.52 |
9.44 |
8.84 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
8.06 |
11.64 |
9.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
10.19 |
14.85 |
12.57 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
3.72 |
3.04 |
2.77 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
3.03 |
2.36 |
1.90 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.79 |
0.78 |
0.75 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.01 |
1.23 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets
/ Total Current Liabilities) |
3.72 |
3.04 |
2.77 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
16.601 |
16.601 |
16.601 |
|
Reserves & Surplus |
156.616 |
173.569 |
195.155 |
|
Net
worth |
173.217 |
190.170 |
211.756 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
20.420 |
0.152 |
0.000 |
|
Total
borrowings |
20.420 |
0.152 |
0.000 |
|
Debt/Equity
ratio |
0.118 |
0.001 |
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
|
246.263 |
299.094 |
286.901 |
|
|
|
21.453 |
(4.077) |
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
|
246.263 |
299.094 |
286.901 |
|
Profit |
21.770 |
28.238 |
21.586 |
|
|
8.84% |
9.44% |
7.52% |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
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 |
NOTE: Registered office of the company has been
shifted from Survey No. 166/3, Gut No. 95, Kesnand Village, Wagholi - Rahu
Road, Pune – 412207, Maharashtra, India to the
present address w.e.f. 01.03.2012
BACKGROUND
The company is 100% subsidiary of Manufacture Appareillage Electrique Cahors (MAEC), France. The Company has its administrative office at Survey No. 232/1+2, "Anand Emerald", lSI Floor, Office No. 101 and 102, Sakore Nagar (Viman Nagar), Lohegaon, Pune - 411014 and registered office and production facility at Plot No. E 90, MIDC, Ranjangaon, Village Karegaon, Pune for manufacture of Telecom connectors and Electrical components.
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C59227520 |
10147120 |
BANK OF MAHARASHTRA |
09/03/2009 |
13/06/2015 |
- |
50000000.0 |
CORPORATE FINANCE BRANCH1183/A,' YASHOMANGAL', F.C.ROADPUNEMH411005IN |
|
2 |
B21965363 |
10018067 |
BANK OF MAHARASHTRA |
02/09/2006 |
- |
22/09/2011 |
881000.0 |
CAMP BRANCH,CAMP, PUNEPUNEMH411001IN |
|
3 |
A78244647 |
90091009 |
THE SARASWAT CO-OP BANK LTD. |
10/08/1999 |
23/03/2002 |
13/01/2010 |
4000000.0 |
SOMWAR PETH BRANCHPUNEMHIN |
|
4 |
A78244324 |
90091028 |
THE SARASWAT CO-OP BANK LTD. |
31/08/1999 |
- |
13/01/2010 |
2500000.0 |
SOMWAR PETH BRANCHPUNEMHIN |
|
5 |
A78244555 |
90090811 |
THE SARASWAT CO-OP BANK LTD. |
12/11/1998 |
- |
13/01/2010 |
3750000.0 |
SOMWAR PETH BRANCHPUNEMHIN |
|
6 |
A78244142 |
90088156 |
THE SARASWAT CO-OP BANK LTD. |
09/01/1999 |
- |
13/01/2010 |
1100000.0 |
SOMWAR PETH BRANCHPUNEMHIN |
|
7 |
A78244720 |
90091000 |
THE SARASWAT CO-OP BANK LTD. |
02/08/1999 |
- |
13/01/2010 |
17000000.0 |
SOMWAR PETH BRANCHPUNEMHIN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Outstanding bank guarantee issued to customers |
6.924 |
5.367 |
|
|
|
|
FIXED ASSETS
- Buildings
- Plant and equipment
- Electrical installation
- Tools Dies and Equipments
- Office equipment
- Air conditioner
- Furniture and fitting
- Computers
- Vehicles
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 67.38 |
|
|
1 |
INR 91.39 |
|
Euro |
1 |
INR 79.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KJL |
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.