1. Summary Information
|
|
|
Country |
India |
|
Company Name |
ROLLIX MACHINE
TOOLS PRIVATE LIMITED |
Principal Name 1 |
Mr. Nitin Padmanabh Mayya |
|
Status |
Small Company |
Principal Name 2 |
Ms. Niraja Nitin Mayya |
|
|
|
Registration # |
11-072690 |
|
Street Address |
41/5,
Shantadurga Society, Erandwane, Pune – 411038, Maharashtra, India |
||
|
Established Date |
05.07.1993 |
SIC Code |
-- |
|
Telephone# |
91-20-25437784 |
Business Style 1 |
Importer |
|
Fax # |
-- |
Business Style 2 |
Supplier |
|
Homepage |
-- |
Product Name 1 |
Metal cutting
machines |
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 700,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors : 100 % |
Banking |
The Kard Urban
Co-operative Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
18 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,440,000 |
Current Liabilities |
1,930,000 |
|
Inventories |
1,717,000 |
Long-term Liabilities |
144,000 |
|
Fixed Assets |
337,000 |
Other Liabilities |
000 |
|
Deferred Assets |
000 |
Total Liabilities |
2,074,000 |
|
Invest& other Assets |
51,000 |
Retained Earnings |
771,000 |
|
|
|
Net Worth |
1,471,000 |
|
Total Assets |
3,545,000 |
Total Liab. & Equity |
3,545,000 |
|
Total Assets (Previous Year) |
3,809,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
2,991,000 |
Net Profit |
99,000 |
|
Sales(Previous yr) |
6,057,000 |
Net Profit(Prev.yr) |
139,000 |
MIRA
INFORM REPORT
|
Report Date : |
23.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
ROLLIX MACHINE TOOLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
41/5, Shantadurga Society, Erandwane, Karve Road, Pune – 411038,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
05.07.1993 |
|
|
|
|
Com. Reg. No.: |
11-072690 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.700 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH1993PTC072690 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importer and
supplier of metal cutting machines |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 5000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small company in its field. Its scale of activities are
limited. There appears some dip in the turnover of the company. However,
trader relations are reported as fair. Business is active. Payments are
reported to be slow. The company can be considered for business dealings with some caution.
|
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 |
LOCATIONS
|
Registered Office : |
41/5, Shantadurga Society, Erandwane, Karve Road, Pune – 411038,
Maharashtra, India |
|
Tel. No.: |
91-20-25437784 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Pirangut, Pune |
|
|
|
|
Branch Office : |
FN 16/S N 9, Punit Yesh Arcade, Dahanukar Colony, Near Kothrud Bus
Stand, Karve Road, Pune – 411038, Maharashtra, India |
DIRECTORS
(AS ON 30.09.2010)
|
Name : |
Mr. Nitin Padmanabh Mayya |
|
Designation : |
Director |
|
Address : |
41/5, Shantadurga Society, Erandwane, Pune – 411038, Maharashtra,
India |
|
Date of Birth/Age : |
12.05.1967 |
|
Date of Appointment : |
05.07.1993 |
|
DIN No.: |
02467727 |
|
|
|
|
Name : |
Ms. Niraja Nitin Mayya |
|
Designation : |
Director |
|
Address : |
41/5, Shantadurga Society, Erandwane, Pune – 411038, Maharashtra,
India |
|
Date of Birth/Age : |
21.08.1972 |
|
Date of Appointment : |
10.03.1999 |
|
DIN No.: |
02467738 |
|
|
|
|
Name : |
Ms. Padmaja Padmanabha Mayya |
|
Designation : |
Director |
|
Address : |
41/5, Shantadurga Society, Erandwane, Pune – 411038, Maharashtra,
India |
|
Date of Birth/Age : |
21.01.1942 |
|
Date of Appointment : |
10.03.1999 |
|
DIN No.: |
02467744 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Nitin Padmanabh Mayya |
|
47244 |
|
Niraja Nitin Mayya |
|
601 |
|
Padmaja Padmanabha Mayya |
|
22101 |
|
P. K. Mayya |
|
51 |
|
Madhav N. Kulkarni |
|
1 |
|
Hitesh Shah |
|
1 |
|
Mrs. Snehal Matance |
|
1 |
|
Total |
|
70000 |
(AS ON 30.09.2010)
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer and
supplier of metal cutting machines |
|
|
|
GENERAL INFORMATION
|
Bankers : |
The Kard Urban Co-operative Bank Limited, Karve Road Branch, Pune –
411004, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A.
S. Padhye and Company Chartered Accountants |
|
Address : |
Tapascharya, 381/C, Shaniwar Peth, Pune – 411030, Maharashtra, India |
|
PAN No.: |
ABQPP4613F |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70000 |
Equity Share |
Rs. 10/- each |
Rs. 0.700 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70000 |
Equity Share |
Rs. 10/- each |
Rs. 0.700 Million |
|
|
|
|
|
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 |
0.700 |
0.700 |
0.700 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.771 |
0.684 |
0.568 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.054) |
|
|
NETWORTH |
1.471 |
1.384 |
1.214 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.144 |
0.128 |
0.278 |
|
|
TOTAL BORROWING |
0.144 |
0.128 |
0.278 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.031 |
|
|
|
|
|
|
|
|
TOTAL |
1.615 |
1.512 |
1.523 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.337 |
0.362 |
0.392 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.051 |
0.051 |
0.050 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.011 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.717
|
2.464 |
0.950 |
|
|
Sundry Debtors |
0.170
|
0.230 |
0.838 |
|
|
Cash & Bank Balances |
0.064
|
0.506 |
0.627 |
|
|
Other Current Assets |
1.206
|
0.185 |
1.622 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
3.157
|
3.385 |
4.037 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.941
|
2.137 |
2.694 |
|
|
Other Current Liabilities |
0.866
|
0.080 |
0.144 |
|
|
Provisions |
0.123
|
0.080 |
0.118 |
|
Total
Current Liabilities |
1.930
|
2.297 |
2.956 |
|
|
Net Current Assets |
1.227
|
1.088 |
1.081 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1.615 |
1.512 |
1.523 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2.991 |
6.057 |
11.356 |
|
|
|
Other Income |
0.026 |
0.004 |
0.004 |
|
|
|
TOTAL |
3.017 |
6.061 |
11.360 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Sales |
|
5.204 |
10.325 |
|
|
|
Administrative, Selling and Distribution Expenses |
|
|
|
|
|
|
-
Travelling
Expenses |
|
0.099 |
0.000 |
|
|
|
-
Balance Write Off |
|
0.002 |
0.000 |
|
|
|
-
Printing &
Stationery |
|
0.001 |
0.004 |
|
|
|
-
Advertisement |
|
0.000 |
0.013 |
|
|
|
-
Directors' Salary |
|
0.210 |
0.210 |
|
|
|
-
Bank Charges |
|
0.001 |
0.001 |
|
|
|
-
Audit Fees |
|
0.020 |
0.020 |
|
|
|
-
Vat Audit Fees |
|
0.012 |
0.012 |
|
|
|
-
Accounting Charges |
|
0.012 |
0.012 |
|
|
|
-
Vat Assessed |
|
0.000 |
0.016 |
|
|
|
-
Bad Debts |
|
0.000 |
0.052 |
|
|
|
-
Repairs |
|
0.123 |
0.001 |
|
|
|
-
Donation |
|
0.000 |
0.001 |
|
|
|
-
Profession Tax |
|
0.003 |
0.003 |
|
|
|
-
Exgratia |
|
0.000 |
0.024 |
|
|
|
-
TDS Interest |
|
0.000 |
0.002 |
|
|
|
-
Rent, Rates &
Taxes |
|
0.008 |
0.072 |
|
|
|
-
Vehicle Maintance |
|
0.000 |
0.001 |
|
|
|
-
Postage &
Telephone |
|
0.017 |
0.015 |
|
|
|
-
Office Rent |
|
0.072 |
0.000 |
|
|
|
-
Conveyance |
|
0.027 |
0.022 |
|
|
|
-
Internet Charges |
|
0.004 |
0.000 |
|
|
|
-
Water Charges |
|
0.006 |
0.000 |
|
|
|
-
Courier Charges |
|
0.000 |
0.000 |
|
|
|
-
Professional Fees |
|
0.016 |
0.005 |
|
|
|
-
ROC Fees |
|
0.007 |
0.000 |
|
|
|
-
Prior Period
Expenses |
|
0.008 |
0.000 |
|
|
|
TOTAL |
2.850 |
5.852 |
10.811 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.167 |
0.209 |
0.549 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.025 |
0.030 |
0.039 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.142 |
0.179 |
0.510 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.043 |
0.040 |
0.086 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
0.099 |
0.139 |
0.424 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
3.28
|
2.29 |
3.73 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.75
|
2.96 |
4.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.06
|
4.78 |
11.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.13 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.41
|
1.75 |
2.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.64
|
1.47 |
1.37 |
LOCAL AGENCY FURTHER INFORMATION
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Name of the company |
ROLLIX MACHINE
TOOLS PRIVATE LIMITED |
|
Presented By |
Mr. Nitin Padmanabh – Director |
|
1) Date and description of instrument creating the change |
Memorandum of
Agreement of Hypothecation of Tangible Moveable Security dated 10th
January 2001 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 0.175 Million
|
|
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
stock , Raw Material, Work in process, finished goods, and machinery,
furniture and fixture etc. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Rate of Interest
@ 17.50 % p.a. payable at quarterly rests. In case of
default penal Interest @ 2 % p.a. Margin 50 % |
|
5) Name and Address and description of the person entitled to the charge. |
The Kard Urban Co-operative Bank Limited, Karve Road Branch, Pune –
411004, Maharashtra, India |
|
6) Date and brief description of instrument modifying the charge |
Not Available |
|
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 Available |
FIXED ASSETS
· Land
· Building
· Furniture
· Computer
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 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.44.93 |
|
|
1 |
Rs.72.91 |
|
Euro |
1 |
Rs.64.34 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.