%20PRIVATE%20LIMITED%20-%20146738%2005-Jul-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
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Report Date : |
05.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
URJA TECHNIQUES ( |
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Registered Office : |
B-17, Shriram Industrial Estate, 2nd Floor, 13, G. D.
Ambedkar Road, Wadala, Mumbai – 400031, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
12.02.1996 |
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Com. Reg. No.: |
11-97139 |
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Capital
Investment / Paid-up Capital : |
Rs.9.630 Millions |
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CIN No.: [Company
Identification No.] |
U31102MH1996PTC097139 |
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IEC No.: |
0302034102 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMU02121A |
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PAN No.: [Permanent
Account No.] |
AAACU0899A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and transformers [Electric Transformer] |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 110000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered normal 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Pratap Varavadekar |
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Designation : |
VP Marketing |
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Contact No.: |
91-9820081474 |
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Date : |
04.07.2011 |
LOCATIONS
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Registered Office : |
B-17, Shriram Industrial Estate, 2nd Floor, 13, G D Ambedkar Road, Wadala,
Mumbai – 400031, Maharashtra, India |
|
Tel. No.: |
91-22-24150505 / 24160606 |
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Mobile No.: |
91-9819310606 (Mrs. Priya P. Dixit) |
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Fax No.: |
91-22-24160606 |
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E-Mail : |
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Website : |
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Area : |
1000 Sq. ft. |
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Location : |
Owned |
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Factory : |
R – 476, TTC, M I D C, |
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Tel. No.: |
91-22-27691002 |
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Fax No: |
91-22-27690041 |
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E-Mail : |
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Location : |
Owned |
DIRECTORS
As on : 30.09.2010
|
Name : |
Mr. Pradeep Ramchandra Dixit |
|
Designation : |
Director |
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Address : |
4th Floor, Kripa, 765, |
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Date of Birth/Age : |
16.08.1957 |
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Qualification : |
B.E. |
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Date of Appointment : |
12.02.1996 |
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Name : |
Mrs. Priya Pradeep Dixit |
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Designation : |
Director |
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Address : |
4th Floor, Kripa, 765, |
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Date of Birth/Age : |
07.12.1961 |
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Qualification : |
Graduate |
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Date of Appointment : |
12.02.1996 |
KEY EXECUTIVES
|
Name : |
Mr. Pratap Varavadekar |
|
Designation : |
VP Marketing |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Pradeep Rameshchandra Dixit |
|
450000 |
|
Priya Pradeep Dixit |
|
399000 |
|
Amruta Pradeep Dixit |
|
114000 |
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Total |
|
963000 |
As on : 30.09.2010
|
Category |
|
Percentage |
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Directors or relatives of directors |
|
100.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and transformers [Electric Transformer] |
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Brand Name : |
“URJA” |
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Products : |
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Exports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
L/C and Credit (30 / 60 / 90 Days) |
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Purchasing : |
As per Promoters |
GENERAL INFORMATION
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Customers : |
OEM’s
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No. of Employees : |
100 (Approximately) |
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Bankers : |
Dena Bank, Dadar Branch HDFC Bank, Dadar Branch |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S. H. Dongre and Company, Chartered Accountants |
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Address : |
A-104, Sankalp Siddhi Society, 144, Senapati Bapat Narg, Mahim,
Mumbai–400016, Maharashtra, India |
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Tel. No.: |
91-22-24364771 / 24210006 / 24210008 |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Share |
Rs.10/- Each |
Rs.10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
9630000 |
Equity Share |
Rs.10/- Each |
Rs.9.630 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
9.630 |
9.630 |
9.630 |
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|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
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|
3] Reserves & Surplus |
18.846 |
16.474 |
11.078 |
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|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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|
NETWORTH |
28.476 |
26.104 |
20.708 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
21.978 |
13.311 |
0.000 |
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TOTAL BORROWING |
21.978 |
13.311 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
50.454 |
39.415 |
20.708 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
6.742 |
7.039 |
5.201 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
4.112
|
8.089
|
3.202
|
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Sundry Debtors |
11.843
|
7.329
|
8.054
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Cash & Bank Balances |
2.730
|
2.389
|
1.594
|
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Other Current Assets |
54.419
|
36.961
|
29.341
|
|
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Loans & Advances |
0.000
|
0.000
|
0.000
|
|
Total
Current Assets |
73.104
|
54.768
|
42.191 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
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Other Current Liabilities |
29.392
|
23.369 |
21.186
|
|
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Provisions |
0.000
|
0.000
|
2.498
|
|
Total
Current Liabilities |
29.392
|
22.392
|
26.684
|
|
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Net Current Assets |
43.712
|
32.376
|
15.507
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
50.454 |
39.415 |
20.708 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
|
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|
94.316 |
121.689 |
76.910 |
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Other Income |
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TOTAL |
94.316 |
121.689 |
76.910 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
89.154 |
113.766 |
72.099 |
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Interest |
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Depreciation |
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TOTAL |
89.154 |
113.766 |
72.099 |
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PROFIT BEFORE
TAX |
5.352 |
8.113 |
4.811 |
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Less |
TAX |
1.729 |
2.718 |
1.721 |
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PROFIT AFTER TAX
|
3.623 |
5.395 |
3.090 |
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EARNINGS IN
FOREIGN CURRENCY |
Nil
|
30.641 |
2.791 |
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Earnings Per Share
(Rs.) |
-- |
8.42 |
4.99 |
|
%20PRIVATE%20LIMITED%20-%20146738%2005-Jul-2011_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20146738%2005-Jul-2011_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20146738%2005-Jul-2011_files/image005.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20146738%2005-Jul-2011_files/image006.gif){kind=small}
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Particulars |
|
|
31.03.2011 |
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Sales Turnover |
|
|
157.500 |
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The above information has been parted by Mr. Pratap Varavadekar.
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
3.84 |
4.43 |
4.02 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
6.70 |
13.13 |
10.15 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.31 |
0.23 |
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Debt Equity Ratio (Total Liability/Networth) |
|
1.80 |
1.37 |
1.29 |
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|
Current Ratio (Current Asset/Current Liability) |
|
2.48D |
2.45 |
1.58 |
LOCAL AGENCY FURTHER INFORMATION
NOTE
The Registered Office of the company has been shifted from R-476, TTC
Industrial Area, Rabale, Navi Mumbai -400701,
PERFORMANCE DURING
THE FINANCIAL YEAR :
The company has earned profit of Rs. 5.352 millions during the current
financial year against the profit of Rs. 8.113 millions earned last year.
TRADE REFERENCES
- ABB Limited
- Thermax Limited
- Cipla Limited
FIXED ASSETS
- Car and Scooter
- Computer Software
- Electricity Installation
- Furniture and Fixture
- Land
- Mobile Phone
- Motor Car
- Office Equipment
- Old Transformer
- Plant and Machinery
- Tools and Toolings
AS PER WEB DETAILS
PROFILE
A technologically driven concern, subject is a reliable and trusted engineering
house engaged in the production of world class power distribution solutions.
Founded in 1988, they are an ISO
9001:2008, 14001:2004, OHSAS: 18001 Certified Company
They are a certified
manufacturer and exporter of different types of transformers such as distribution
transformer, dry type transformer (V.P.I), converter duty transformer, earthing
transformer, furnace transformer, power transformer and rectifier transformer. They are a certified and regular supplier to various offices of
Their impeccable
quality, economical prices and on-time delivery schedules have helped us to
earn the trust of many domestic and international clients. They offer customer
oriented annual maintenance contracts, to facilitate the needs of clients all
over Maharashtra, Silvassa and Daman and some part of
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. 71.52 |
|
Euro |
1 |
Rs. 64.62 |
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 |
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.