MIRA
INFORM REPORT
|
Report Date : |
22.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
PRASAD ENGRAVERS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Shed No. 104, Morya Co- op Industrial Estate, Opp. Polygrass Hockey Stadium, MIDC, Bhosari, Pune – 411026,
Maharashtra. |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
16.04.2004 |
|
|
|
|
Com. Reg. No.: |
019136 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U22221PN2004PTC019136 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
PNEP10738A |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AADCP2685E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of
Name plates, Signages engraving. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1700 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small established company having steady business. It
expects Sales of Rs.10.000 millions in 2008-09. Trade relations are fair.
Payment are usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. Nothing adverse reported. |
INFORMATION PARTED
BY
|
Name : |
Mr. Sandeep Paredi |
|
Designation : |
Director |
|
Contact No.: |
91-9422027995 |
|
Date : |
04.07.2008 |
LOCATIONS
|
Registered Office/Factory : |
Shed No. 104, Morya Co- op Industrial Estate, Opp. Polygrass
Hockey Stadium, MIDC, Bhosari, Pune –
411026, Maharashtra, India. |
|
Tel. No.: |
90-20-27128622 |
|
Mobile No.: |
91-9422027995 |
|
Fax No.: |
91-20-66114180 |
|
E-Mail : |
|
|
Area : |
1200 sq.ft |
|
Location : |
Owned |
|
|
|
|
Branches : |
Sadashiv- Peth, Pune. |
DIRECTORS
|
Name : |
Mr. Prasad Ghatpande |
|
Designation : |
Director |
|
Date of Birth/Age : |
37 years |
|
Qualification : |
Diploma in Plastic |
|
Date of Appointment : |
16.04.2004 |
|
|
|
|
Name : |
Mr. Sandeep Paredi |
|
Designation : |
Director |
|
Date of Birth/Age : |
39 years |
|
Qualification : |
DEM (Diploma in Mechanical Engg.) |
|
Date of Appointment : |
16.04.2004 |
|
|
|
|
Name : |
Mr. Sailesh Kandra |
|
Designation : |
Director |
|
Date of Birth/Age : |
39 years |
|
Qualification : |
DEM (Diploma in Mechanical
Engg.) |
|
Date of Appointment : |
16.04.2004 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 31.03.2006
|
Names of Shareholders |
No. of Shares |
|
Mr. Prasad Ghatpande |
3334 |
|
Mr. Sailesh Kandra |
3333 |
|
Mr. Sandeep Paredi |
3333 |
|
TOTAL |
10000 |
Equity Share Breakup
|
Category |
Percentage
|
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Name plates, Signage’s engraving. |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
|
|
Countries : |
USA |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit |
|
|
|
|
Purchasing : |
Credit |
GENERAL
INFORMATION
|
Suppliers : |
Wholesalers |
|
|
|
|
No. of Employees : |
24 (In Office) |
|
|
|
|
Bankers : |
Bank of Baroda’ Sadashiv – Peth , Pune. |
|
|
|
|
Facilities : |
The concern do not enjoy facility from its bankers |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Subodh V. Shah and Company Chartered Accountant |
|
Address : |
‘Girish’, 1156, Shukrawar Prth, Subhash Nagar, Opp. Shivaji Maratha
High School, Pune – 411102, Maharashtra. |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Share |
Rs. 10/- each |
Rs.0.100 million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Share |
Rs. 10/- each |
Rs.0.100 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Paid up Capital |
|
0.100 |
0.100 |
|
|
2] Share Application Money |
|
0.00 |
0.00 |
|
|
3] Reserves & Surplus |
|
0.240 |
0.170 |
|
|
4] (Accumulated Losses) |
|
0.00 |
0.00 |
|
|
NETWORTH |
|
0.340 |
0.269 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.876 |
1.118 |
|
|
2] Unsecured Loans |
|
0.00 |
0.00 |
|
|
TOTAL BORROWING |
|
0.876 |
1.118 |
|
|
DEFERRED TAX LIABILITIES |
|
0.060 |
0.061 |
|
|
|
|
|
|
|
|
TOTAL |
|
1.277 |
1.449 |
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1.329 |
1.520 |
|
|
Capital work-in-progress |
|
0.00 |
0.00 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.00 |
0.00 |
|
|
Sundry Debtors |
|
0.625 |
0.543 |
|
|
Cash & Bank Balances |
|
0.420 |
0.348 |
|
|
Other Current Assets |
|
0.026 |
0.005 |
|
|
Loans & Advances |
|
0.010 |
0.005 |
|
Total
Current Assets |
|
1.081 |
0.901 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
0.863 |
0.847 |
|
|
Provisions |
|
0.270 |
0.125 |
|
Total
Current Liabilities |
|
1.133 |
0.972 |
|
|
Net Current Assets |
|
(0.052) |
(0.071) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.00 |
0.00 |
|
|
|
|
|
|
|
|
TOTAL |
|
1.277 |
1.449 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
|
Sales Turnover |
|
3.933 |
2.298 |
|
Other Income |
|
0.000 |
0.000 |
|
Total Income |
|
3.933 |
2.298 |
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
0.129 |
0.274 |
|
Provision for Taxation |
|
0.058 |
0.104 |
|
Profit/(Loss) After Tax |
|
0.071 |
0.170 |
|
|
|
|
|
|
Total Expenditure |
|
3.804 |
2.024 |
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
|
1.81 |
7.40 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
3.28 |
11.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
5.35 |
11.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.38 |
1.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
5.91 |
7.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
0.95 |
0.93 |
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCE :
- Baker Gagues - Pune
- C.T.R India Limited - Pune
- Motors Limited - Pune
- Mercedes Benz Limited – Pune
- Bajaj Auto Limited – Pune
- Electronica Machine Tools Limited – Pune
- Thermax Limited – Pune
- Cummins (I) Limited – Pune
- Alfa Laval India Limited – Pune
- Sandvik Asia Limited – Pune
- Serum Institute of India Limited – Pune
- Bharat Forge Limited
|
Name of the company |
Prasad Engraves
Private Limited |
|
Presented By |
Mr. Prasad
Prabhakar Ghatpande - Chairman |
|
1) Date and description of instrument creating the change |
Hypothecation of Moveable
Machinery 24.05.2004 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 1.235
millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of
Moveable Machinery at Borrower’s Primises.
|
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Interest 0.25% below lending rate with minimum of 10.25% p.a |
|
5) Name and Address and description of the person entitled to the charge. |
Bank of Baroda ,
Sadashiv Peth Branch , Pune – 411 030. |
|
6) Date and brief description of instrument modifying the charge |
Not Applicable |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Not Applicable |
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.58 |
|
UK Pound |
1 |
Rs.81.43 |
|
Euro |
1 |
Rs.64.52 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|