%20PRIVATE%20LIMITED-156126%2004-Oct-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
04.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
DIAONICS AUTOMATION (INDIA) PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
CONCEPT AUTOMATION (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5, Pushpak Apartments, Malviya Road, Vile Parle (East), Mumbai-400057,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2007 |
|
|
|
|
Date of
Incorporation : |
17.12.1999 |
|
|
|
|
Com. Reg. No.: |
11-123141 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.500
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH1999PTC123141 |
|
|
|
|
IEC No.: |
|
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKD01539G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC2627D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Fire Fighting Equipments. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
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 : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The
management has not filed the financial of the company with the Government
department after the year 2007. However, trade relations are reported as fair.
Business is active. Payments are unknown. The company can be considered for business dealing 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 : |
5, Pushpak Apartments, Malviya Road, Vile Parle (East), Mumbai-400057,
Maharashtra, India |
|
Tel. No.: |
91-22-43435607/ 26184987-88/ 43435600 (Board) |
|
Fax No.: |
91-22-26184982/ 43435612 |
|
E-Mail : |
|
|
|
|
|
Work Office : |
‘Kshitij’ Jaibhavani Road, Nashik Road, Nashik-422101, Maharashtra,
India |
|
Tel. No.: |
91-253-2454181 |
|
Fax No.: |
91-253-2458581 |
|
E-Mail : |
|
|
|
|
|
Branches : |
Located at: ·
Mumbai ·
Pune ·
Nagpur ·
Kolhapur ·
Aurangabad ·
Delhi ·
Chandigarh ·
Ahmedabad ·
Baroda ·
Bangalore ·
Chennai ·
Jaipur ·
Bhopal ·
Lucknow |
DIRECTORS
(AS ON 29.09.2007 )
|
Name : |
Mr. Prashant Jagannath Shiledar |
|
Designation : |
Chairman and Director Technical |
|
Address : |
Kshitij Near Parag Colony, Jaibhavani Road, Nashik-422101,
Maharashtra, India |
|
Date of Birth/Age : |
07.07.1970 |
|
Date of Appointment : |
17.12.1999 |
|
|
|
|
Name : |
Mrs. Jayashree Prashant Shiledar |
|
Designation : |
Director |
|
Address : |
Kshitij Near Parag Colony, Jaibhavani Road, Nashik-422101,
Maharashtra, India |
|
Date of Birth/Age : |
28.02.1975 |
|
Date of Appointment : |
01.04.2004 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2007 )
|
Names of Shareholders |
|
No. of Shares |
|
Prashant Jagannath Shiledar |
|
5000 |
|
Jayashree Prashant Shiledar |
|
45000 |
|
Total |
|
50000 |
Equity Share Breakup (Percentage of Total Equity)
(AS ON 30.09.2007 )
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Fire Fighting Equipments. |
|
|
|
|
Products : |
·
Electronic Item and Security System ·
Currency Note Counting Machines ·
Software based Package for wireless fire
Detection System |
GENERAL INFORMATION
|
Bankers : |
Bank of Maharshtra, Nashik Road Branch, Nashik Road, Nashik-422101,
Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Natesh and Kale Chartered Accountant |
|
Address : |
211, Presitge Point, Opposite Nasik Road Police Station, Nasik Road,
Nasik-422101, Maharashtra, India |
|
PAN No.: |
ABOPN2265R |
CAPITAL STRUCTURE
As on 31.03.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Share |
Rs. 10/- each |
Rs. 0.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Share |
Rs. 10/-
each |
Rs. 0.500
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.480 |
0.480 |
0.480 |
|
|
3] Reserves & Surplus |
0.564 |
0.442 |
0.288 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.544 |
1.422 |
1.268 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
8.928 |
8.675 |
2.271 |
|
|
2] Unsecured Loans |
0.437 |
0.004 |
0.007 |
|
|
TOTAL BORROWING |
9.365 |
8.679 |
2.278 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
10.909 |
10.101 |
3.546 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.818 |
0.873 |
0.928 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
7.767 |
0.144 |
0.122 |
|
|
DEFERREX TAX ASSETS |
0.140 |
0.141 |
0.118 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.454
|
0.744 |
1.512 |
|
|
Sundry Debtors |
18.792
|
17.770 |
3.037 |
|
|
Cash & Bank Balances |
0.113
|
0.574 |
0.069 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
4.637
|
3.956 |
0.872 |
|
Total
Current Assets |
24.996
|
23.044 |
5.490 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
22.840
|
12.347 |
1.521 |
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
22.812
|
14.101 |
3.134 |
|
|
Net Current Assets |
2.184
|
8.943 |
2.356 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.022 |
|
|
|
|
|
|
|
|
TOTAL |
10.909 |
10.101 |
3.546 |
|
%20PRIVATE%20LIMITED-156126%2004-Oct-2011_files/image003.gif){kind=small}
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
29.432 |
16.769 |
19.742 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
Financial Charges |
|
|
|
|
|
|
TOTAL ` |
29.061 |
16.387 |
19.549 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.371 |
0.382 |
0.193 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.055 |
0.055 |
0.048 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.316 |
0.327 |
0.145 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.194 |
0.173 |
0.045 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.122 |
0.154 |
0.100 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.442 |
0.288 |
0.188 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.564 |
0.442 |
0.288 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.44 |
-- |
-- |
|
%20PRIVATE%20LIMITED-156126%2004-Oct-2011_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED-156126%2004-Oct-2011_files/image005.gif){kind=small}
%20PRIVATE%20LIMITED-156126%2004-Oct-2011_files/image006.gif){kind=small}
%20PRIVATE%20LIMITED-156126%2004-Oct-2011_files/image007.gif){kind=small}
%20PRIVATE%20LIMITED-156126%2004-Oct-2011_files/image008.gif){kind=small}
%20PRIVATE%20LIMITED-156126%2004-Oct-2011_files/image009.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
0.41
|
0.92 |
0.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.22
|
1.37 |
2.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.23 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
20.84
|
16.02 |
4.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.10
|
1.63 |
1.75 |
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
|
Charge identification
number of the modified |
90354458 |
|
Corporate
identity number of the company |
U51909MH1999PTC123141 |
|
Name of the
company |
DIAONICS AUTOMATION (INDIA) PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
‘Kshitij’ Jaibhavani Road, Nashik Road, Nashik-422101, Maharashtra,
India |
|
Type of charge |
·
Immovable
Property ·
Any
Interest in Immovable Property ·
Book
Debts ·
Movable
Property (Not being pledge) ·
Other
·
Goodwill ·
Patents,
License under patent ·
Trademark ·
Copyright
or License under a copyright |
|
Particular of
charge holder |
Bank of Maharshtra, Nashik Road Branch, Nashik Road, Nashik-422101,
Maharashtra, India Email: mmcocs5@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
1) Memorandum of
Record of Additional Equitable Mortgage 2) Composite Deed
of Hypothecation for all facilities and 3) Instrument
creating Bank Guarantee All Documents
dated 21st March 2009 and constitute a single charge of Rs. 35.000
Millions comprising of a) Cash Credit
Limit for Working Capital of Rs. 30.000 Millions and b) Bank Guarantee
limit of Rs. 5.000 Millions |
|
Date of
instrument Creating the charge |
21.03.2009 |
|
Amount secured by
the charge |
Rs. 35.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Fund Based Limit: Cash Credit Working
Capital Limit of Rs. 30.000 Millions – BPLR – 1.25 i.e 11.50% p.a. with
monthly rest as at present as per CRR Non- Fund based
limit Bank guarantee
limit of Rs. 5.000 Million : NA Terms of
Repayment 1) Cash Credit
Working Capital Limit of Rs. 30.00 Millions To be renewed every year. 2) Bank
Guarantee limit of Rs. 5.000 Millions
:- NA Margin 1) Cash Credit Working Capital Limit of Rs.
30.000 Millions :- 25% in Bank’s Favour 2) Bank Guarantee
limit of Rs. 5.000 Millions :- 25T in form of
Fixed deposit Extent and
Operation of the charge The Cash credit
limit proposed for the year ended 31st March 2009 will be Rs.
25.000 Millions to be increased to Rs.
30.000 Millions for the financial year 2009-10 after review of sales performance
as per projections committed by promoters of Rs. 90.000 Millions for the year
ended 31st March 2009. |
|
Short particulars
of the property charged |
Additional
security as below to total loan of Rs. 35.000 Millions 1) Primary
security: Stock, book debts and movable property of Hypothecation deed 2) Personal
Guarantee of Director Mr. Prashant Shiledar, Mrs. Jayashree Shiledar. |
|
Particulars of
the present modification |
By this first
modification 1.
The
existing cash credit limit of Rs. 10.000 Millions is enhanced to Rs. 30.000
Millions, 2.
Bank
Guarantee limit of Rs. 5.000 Millions is introduced, thereby marking total
charge of Rs. 35.000 Millions and 3.
Additional
security of record and composite deed in charged for total exposure of Rs.
35.000 Millions. Keeping all other
terms and conditions of original charge unchanged. |
Fixed Assets:
·
Building Premises
·
Furniture and Fixture
·
Honda Dawn
·
Computer
·
Plant and Machinery
·
Office Equipment
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.49.42 |
|
|
1 |
Rs.76.72 |
|
Euro |
1 |
Rs.65.85 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
- |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
13 |
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.