MIRA
INFORM REPORT
|
Report Date : |
06.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
PRASAD AUTOMATION |
|
|
|
|
Registered
Office : |
S. No. 15/7, Gulve Vasti, Bhosari, Pune – 411039, |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
January, 2011 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AVWPK5357R |
|
|
|
|
Legal Form : |
Sole Proprietory Concern. |
|
|
|
|
Line of Business
: |
Manufacturer of any kind of CNC Components. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
New Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new concern and yet to commence commercial operations. The
Valuation report has not been provided as the property is rented. The
networth statement seems to be of a for lesser value. No further details or
payment could be made available. It would be advisable to take adequate securities while dealing with
the subject. |
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. S. S. Kulkarni |
|
Designation : |
Technical Executive |
|
Contact No.: |
91-9766352169 |
|
Date : |
29.03.2011 |
LOCATIONS
|
Registered Office/ Factory : |
S. No. 15/7, Gulve Vasti, Bhosari, Pune – 411039, |
|
Mobile No.: |
91-9766352169 (Mr. S. S. Kulkarni) |
|
E-Mail : |
|
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mrs. V. S. Kulkarni |
|
Designation : |
Proprietor |
|
Address : |
Plot No.524, Sector 21, Tamunanagar, Nigadi, Pune – 411044, |
|
Date of Birth/Age : |
02.06.1967 |
|
Qualification : |
B. Com |
|
Experience : |
5 years |
KEY EXECUTIVES
|
Name : |
Mr. S. S. kulkarni |
|
Designation : |
Technical Executive |
|
Address : |
Plot No.524, Sector 21, Tamunanagar, Nigadi, Pune – 411044, |
|
Date of Birth/Age : |
11.10.1962 |
|
Qualification : |
Diploma in Mechanical Engineer |
|
Experience : |
25 years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of any kind of CNC Components. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit (30 days) |
PRODUCTION STATUS
|
Particulars |
|
Installed Capacity |
|
|
|
|
|
All Types of CNC Components. |
|
3 Shifts |
|
|
|
|
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
9 (Office – 2 and Factory – 7) |
|
|
|
|
Bankers : |
· Corporation Bank Pimpri – Chinchwad Branch, Near Ranka Gas, Chinchwad, Pune – 411019, |
|
|
|
|
Facilities : |
Credit Limit - Rs.3.600 Millions Term Loans – Rs.1.000 Million CC |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Parag S. Lunka Chartered Accountant |
|
Address : |
Chinchwad, Pune – 411019, |
|
Tel. No.: |
91-20-27463861/ 2 |
|
Email : |
|
|
|
|
|
Associates/Subsidiaries : |
· Esscube Engineers Address: Chinchwad, Pune – 411019, Line of Business: Manufacturing of JIGS, Fixtures and CNC
Components. |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Available |
|
Borrowed : |
Not Available |
|
Total : |
Not Available |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW CONCERN
LOCAL AGENCY FURTHER INFORMATION
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
|
||||
|
Gross Sales |
|
|
|
|
|
|
Domestic |
9.000 |
9.900 |
10.890 |
11.979 |
13.177 |
|
Export |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub Total (Gross Sales) |
9.000 |
9.900 |
10.890 |
11.979 |
13.177 |
|
|
|
|
|
|
|
|
Less : Excise Duty |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Net Sales |
9.000 |
9.900 |
10.890 |
11.979 |
13.177 |
|
|
|
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials Consumed |
|
|
|
|
|
|
-
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
-
Indigenous |
4.725 |
5.198 |
5.717 |
6.289 |
6.918 |
|
|
|
|
|
|
|
|
Others Stores and Spares |
|
|
|
|
|
|
-
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
-
Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Power and Fuel |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Direct Wages (Factory Wages and Salaries) |
0.900 |
0.990 |
1.089 |
1.198 |
1.318 |
|
Repairs and Maintenance |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Direct Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Manufacturing Expenses |
0.180 |
0.216 |
0.259 |
0.311 |
0.373 |
|
Depreciation |
0.729 |
0.619 |
0.526 |
0.447 |
0.380 |
|
|
|
|
|
|
|
|
Sub
Total |
6.534 |
7.023 |
7.591 |
8.245 |
8.989 |
|
|
|
|
|
|
|
|
(Increase)/ Decrease in WIP |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(Increase)/ Decrease in Finished Goods |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
SUB TOTAL (Total
cost of sales) |
6.534 |
7.023 |
7.591 |
8.245 |
8.989 |
|
|
|
|
|
|
|
|
Selling, General and Administrative Expenses |
0.383 |
0.421 |
0.463 |
0.509 |
0.560 |
|
|
|
|
|
|
|
|
Operating Profit before interests |
2.083 |
2.456 |
2.836 |
3.225 |
3.628 |
|
|
|
|
|
|
|
|
Interests |
0.535 |
0.451 |
0.367 |
0.283 |
0.199 |
|
|
|
|
|
|
|
|
Operating profit after Interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
Non Operating Income |
0.045 |
0.050 |
0.054 |
0.060 |
0.066 |
|
|
|
|
|
|
|
|
Non Operating Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Net
of Non-operating Income and Expenses |
0.045 |
0.050 |
0.054 |
0.060 |
0.066 |
|
|
|
|
|
|
|
|
Profit
before Tax/ Loss [PBT] |
1.593 |
2.055 |
2.523 |
3.002 |
3.495 |
|
|
|
|
|
|
|
|
Provision for taxes |
0.332 |
0.471 |
0.611 |
0.754 |
0.902 |
|
|
|
|
|
|
|
|
Net
Profit / Loss [PAT] |
1.261 |
1.584 |
1.912 |
2.248 |
2.593 |
|
|
|
|
|
|
|
|
Dividend |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Cash Profit |
1.990 |
2.203 |
2.438 |
2.695 |
2.973 |
|
|
|
|
|
|
|
|
Interests on Term Loan |
0.420 |
0.336 |
0.252 |
0.168 |
0.084 |
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
|
||||
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank Borrowings |
|
|
|
|
|
|
Installments of Term Loans/ Deferred Payment Credits/
Debentures/ Debentures/ Deposits/ redeemable preference Shares (Due within
one year) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit for Purchases |
0.640 |
0.655 |
0.720 |
0.792 |
0.871 |
|
|
|
|
|
|
|
|
Provision for Taxation |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Other Current Liabilities |
0.100 |
0.105 |
0.120 |
0.125 |
0.135 |
|
|
|
|
|
|
|
|
Sub
Total (A) |
0.740 |
0.760 |
0.840 |
0.917 |
1.006 |
|
|
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Debentures |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Redeemable Preference Shares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term Loans |
2.920 |
2.190 |
1.460 |
0.730 |
0.000 |
|
Deferred Payment Credits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term Deposit |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Term Liabilities/
Unsecured Loans |
1.000 |
1.000 |
1.000 |
1.000 |
1.000 |
|
|
|
|
|
|
|
|
Sub
Total (B) |
3.920 |
3.190 |
2.460 |
1.730 |
1.000 |
|
|
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
|
|
Shares Capital |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Partner’s Capital/ Capital brought in by Proprietor A/c |
2.654 |
3.939 |
5.451 |
7.198 |
9.190 |
|
General Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Revolution Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Reserves and Surplus |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Share Premium Account |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Surplus (+) or deficit (-) in Profit and Loss Account |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
NET WORTH Sub
Total (C) |
2.654 |
3.939 |
5.451 |
7.198 |
9.190 |
|
|
|
|
|
|
|
|
TOTAL
CAPITAL + LIABILITIES (A+B+C) |
7.314 |
7.889 |
8.751 |
9.845 |
11.196 |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
0.010 |
0.187 |
0.436 |
0.115 |
0.107 |
|
Investments [Other than long term investments] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Receivables other than deferred and exports |
1.781 |
1.959 |
2.155 |
2.371 |
2.608 |
|
Export receivables |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Government and other Trustee securities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Fixed deposit with bank |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Domestic receivable Including BP/ BD |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
|
|
|
|
|
|
Inventory of Raw Materials, WIP and FGs |
0.394 |
0.433 |
0.476 |
0.524 |
0.576 |
|
|
|
|
|
|
|
|
Other Consumable Spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advances to suppliers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advance Payment of Taxes |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Current Assets |
0.500 |
0.600 |
0.700 |
1.000 |
1.250 |
|
|
|
|
|
|
|
|
Sub
Total (A) |
2.685 |
3.179 |
3.767 |
4.010 |
4.541 |
|
|
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Block (Land and Building Machinery) |
4.857 |
4.128 |
3.509 |
2.983 |
2.536 |
|
Depreciation to date |
0.729 |
0.619 |
0.526 |
0.447 |
0.380 |
|
|
|
|
|
|
|
|
NET
BLOCK |
4.128 |
3.509 |
2.983 |
2.536 |
2.156 |
|
|
|
|
|
|
|
|
Capital WIP |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Sub
Total (B) |
4.128 |
3.509 |
2.983 |
2.536 |
2.156 |
|
|
|
|
|
|
|
|
OTHER
NON CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in sub |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advances to suppliers of Capital goods and contractors |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Investment in Others |
0.500 |
1.200 |
2.000 |
3.300 |
4.500 |
|
Other Non-Current Investment |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub
Total (C) |
0.500 |
1.200 |
2.000 |
3.300 |
4.500 |
|
|
|
|
|
|
|
|
Intangible Assets (D) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
TOTAL
ASSETS (A+B+C+D) |
7.313 |
7.888 |
8.750 |
9.846 |
11.197 |
|
|
|
|
|
|
|
|
Difference in Balancesheet |
0.01 |
0.01 |
0.01 |
(0.01) |
(0.01) |
------------------------------------------------------------------------------------------------------------------------------
CASH FLOW
STATEMENT
(RS. IN MILLIONS)
|
Particulars
|
|
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
|
||||
|
SOURCES
OF CASH |
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit before Interests and Tax less
adjustments for non-cash revenue |
|
3.125 |
3.416 |
3.732 |
4.074 |
|
Depreciation |
|
0.619 |
0.526 |
0.447 |
0.380 |
|
Preliminary Expenses Written off |
|
0.000 |
0.000 |
0.000 |
0.000 |
|
Loss on |
|
0.000 |
0.000 |
0.000 |
0.000 |
|
Issue of Equity Shares |
|
1.285 |
1.512 |
1.747 |
1.992 |
|
Issue of Preference Shares |
|
0.000 |
|
|
|
|
Issue of Debentures |
|
0.000 |
0.000 |
0.000 |
0.000 |
|
Raising of Long Term Loss |
|
0.000 |
0.000 |
0.000 |
0.000 |
|
Raising of Other Long Term Unsecured
Loans/ deposits etc. |
|
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Current Liabilities |
|
0.020 |
0.080 |
0.077 |
0.089 |
|
Decrease in Current Assets |
|
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Short Term Borrowings |
|
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in Non Current assets/ Investments |
|
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
SUB
TOTAL (A) |
|
5.049 |
5.534 |
6.003 |
6.535 |
|
|
|
|
|
|
|
|
Increase in Deferred Tax Liability |
|
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
APPLICATION
OF CASH |
|
|
|
|
|
|
|
|
|
|
|
|
|
Redemption of Redeemable Preference |
|
0.000 |
0.000 |
0.000 |
0.000 |
|
Redemption of Debentures |
|
0.000 |
0.000 |
0.000 |
0.000 |
|
Repayment of Long term Loans |
|
0.730 |
0.730 |
0.730 |
0.000 |
|
Repayment of Long term Unsecured Loans/
deposits etc. |
|
0.000 |
0.000 |
0.000 |
0.000 |
|
Purchases of Fixed Assets |
|
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in Current Liabilities |
|
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Current Assets |
|
0.317 |
0.339 |
0.564 |
0.539 |
|
Increase in Non current Assets/
Investments |
|
0.700 |
0.800 |
0.283 |
0.199 |
|
Interests Paid |
|
0.451 |
0.367 |
0.283 |
0.199 |
|
Taxes paid |
|
0.471 |
0.611 |
0.754 |
0.902 |
|
Dividend |
|
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
SUB-TOTAL
(B) |
|
2.669 |
2.847 |
3.631 |
3.570 |
|
|
|
|
|
|
|
|
Net
Surplus (A-B) |
|
2.380 |
2.687 |
2.372 |
2.965 |
|
|
|
|
|
|
|
|
Opening Balance |
|
0.010 |
0.187 |
0.436 |
0.115 |
|
|
|
|
|
|
|
|
Closing Balance |
|
0.187 |
0.436 |
0.115 |
0.107 |
------------------------------------------------------------------------------------------------------------------------------
DSCR
SCENARIOS FOR A COMPANY
(AS
DISTINGUISHED FROM A PROJECT)
(RS. IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
Scenario for a fall in Total Operating Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
% fall in revenue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total Operating Income (shocked downwards) |
9.000 |
9.900 |
10.890 |
11.979 |
13.177 |
|
Cost of Sales + SGA |
6.917 |
7.444 |
8.054 |
8.754 |
9.549 |
|
Operating Profit before Interest |
2.083 |
2.456 |
2.836 |
3.225 |
3.628 |
|
Interest |
0.535 |
0.451 |
0.367 |
0.283 |
0.199 |
|
Operating Profit after Interest |
1.548 |
2.005 |
2.469 |
2.942 |
3.429 |
|
Net of non operating income/ expenses |
0.045 |
0.050 |
0.054 |
0.060 |
0.066 |
|
Profit before tax |
1.593 |
2.055 |
2.523 |
3.002 |
3.495 |
|
Provision for Tax |
0.332 |
0.471 |
0.611 |
0.754 |
0.902 |
|
PAT |
1.261 |
1.584 |
1.912 |
2.248 |
2.593 |
|
|
|
|
|
|
|
|
Installments of Term Loans/ Deferred payment credits/ Debentures/
deposits (due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Interest |
0.420 |
0.336 |
0.252 |
0.168 |
0.084 |
|
|
|
|
|
|
|
|
DSCR (for a fall in Op Rev) |
-- |
-- |
-- |
-- |
-- |
|
|
|||||
|
Scenario for a rise in operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
% rise in Op Expenses |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total Operating Income |
9.000 |
9.900 |
10.890 |
11.979 |
13.177 |
|
Cost of Sales + SGA (shocked upwards) |
6.917 |
7.444 |
8.054 |
8.754 |
9.549 |
|
Operating Profit before Interest |
2.083 |
2.456 |
2.836 |
3.225 |
3.628 |
|
Interest |
0.535 |
0.451 |
0.367 |
0.283 |
0.199 |
|
Operating Profit after Interest |
1.548 |
2.005 |
2.469 |
2.942 |
3.429 |
|
Net of non operating income/ expenses |
0.045 |
0.050 |
0.054 |
0.060 |
0.066 |
|
Profit before tax |
1.593 |
2.055 |
2.523 |
3.002 |
3.495 |
|
Provision for tax |
0.332 |
0.471 |
0.611 |
0.754 |
0.902 |
|
PAT |
1.261 |
1.584 |
1.912 |
2.248 |
2.593 |
|
|
|
|
|
|
|
|
Installments of Term Loans/ Deferred payment credits/ Debentures/ deposits
(due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Interest |
0.420 |
0.336 |
0.252 |
0.168 |
0.084 |
|
|
|
|
|
|
|
|
DSCR (for a rise in Op Expense) |
-- |
-- |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR. V. S. KULKARNI
(RS. IN MILLIONS)
ASSETS
IMMOVABLE PROPERTY
|
Address of the property with survey No./
Door No. etc/ |
524/21, Yamunanagar, Nigadi, Pune – 411044 |
|
|
|
|
Description : Land/ Site/ Building |
Plot No.524, Sector 21 |
|
|
|
|
Whether Freehold/ Leasehold |
Rent |
|
|
|
|
Type of Property: Commercial/ Residential/
Agricultural |
Residential |
|
|
|
|
Area/ Extent of Land |
1200 Sq. ft. |
|
|
|
|
Present market / Assessed value |
Nil |
INVESTMENT IN BUSINESS CAPITAL
|
Name of the Company/ firm/ concern in Which
Investment is made |
Prasad Automation |
|
|
|
|
Date of Investment |
15.03.2011 |
|
|
|
|
Present Value of
Investment |
Rs.0.200 Million |
OTHER
ASSETS
|
Furniture and Fixture |
0.050 |
|
|
|
|
Cash in Hand |
0.100 |
|
|
|
|
Jewellery |
0.205 |
|
|
|
|
Total Value of
other Assets |
Rs.355 Million |
|
TOTAL ASSETS |
RS.0.555 MILLIONS |
|
NET WORTH |
RS.0.555 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Jayashree Enterprises
W-268, MIDC, Bhosari, Pune – 411026,
Mr. Madhukar Palgum
Mobile No.: 91-9822665456
· MBK Engineers
Plot No.56/57/6, Sant Dyaneshwar Industrial Estate, D-2 Block,
MIDC, Chinchwad, Pune – 411019,
Mr. S. M. Mulye
Mobile No.: 91-9011009781
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.45 |
|
|
1 |
Rs.71.59 |
|
Euro |
1 |
Rs.63.01 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.