1. Summary Information
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Country |
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Company Name |
MAHINDRA EPC SERVICES PRIVATE LIMITED |
Principal Name 1 |
Mr. Vishwesh Mahesh Palekar |
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Status |
New Company |
Principal Name 2 |
Mr. Parag Chandulal Shah |
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Registration # |
11-207854 |
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Street Address |
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Established Date |
19.09.2010 |
SIC Code |
-- |
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Telephone# |
91-22-24917006/ 24901441 |
Business Style 1 |
Construction Activity |
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Fax # |
91-22-24966573 |
Business Style 2 |
-- |
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Homepage |
Product Name 1 |
Power Plant |
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# of employees |
More than 30 (Contract Basis) [Approximately] |
Product Name 2 |
-- |
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Paid up capital |
Rs.38,000,000/- |
Product Name 3 |
-- |
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Shareholders |
-- |
Banking |
HDFC Bank |
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Public Limited Corp. |
No |
Business Period |
1 Years |
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IPO |
No |
International Ins. |
- |
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Public |
No |
Rating |
B |
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Related
Company |
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Relation
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Country
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Company
Name |
CEO |
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Note |
- |
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2. Summary
Financial Statement
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Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
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Assets |
Liabilities |
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Current Assets |
-- |
Current Liabilities |
-- |
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Inventories |
-- |
Long-term Liabilities |
-- |
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Fixed Assets |
-- |
Other Liabilities |
-- |
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Deferred Assets |
-- |
Total Liabilities |
-- |
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Invest& other Assets |
-- |
Retained Earnings |
-- |
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Net Worth |
-- |
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Total Assets |
-- |
Total Liab. & Equity |
-- |
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Total Assets (Previous Year) |
-- |
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P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
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Sales |
-- |
Net Profit |
-- |
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Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
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Report Date : |
29.09.2011 |
IDENTIFICATION DETAILS
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Name : |
MAHINDRA EPC SERVICES PRIVATE LIMITED |
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Registered
Office : |
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Country : |
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Date of
Incorporation : |
19.09.2010 |
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Com. Reg. No.: |
11-207854 |
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Capital Investment
/ Paid-up Capital : |
Rs.38.000
Millions |
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CIN No.: [Company Identification
No.] |
U74990MH2010PTC207854 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM39229B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged is construction activity for power plant. |
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No. of Employees
: |
More than 30 (Contract Basis) [Approximately] |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to establish itself gradually.
Business is active. Trade relations are reported as fair. Payment terms are
unknown. The company can be considered for business dealings with some caution.
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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
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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
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Name : |
Mr. Satish Kamat |
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Designation : |
Chief Finance Officer and Director |
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Contact No.: |
91-22-24917006 |
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Date : |
26.09.2011 |
LOCATIONS
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Registered Office : |
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Tel. No.: |
91-22-24917006 / 24901441 |
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Fax No.: |
91-22-24966573 |
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E-Mail : |
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Website : |
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Area : |
Owned |
DIRECTORS
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Name : |
Mr. Vishwesh Mahesh Palekar |
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Designation : |
Director |
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Address : |
2201, Raheja Princess, |
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Date of Birth/Age : |
13.12.1966 |
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03052254 |
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Others Directorship:
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Name : |
Mr. Parag Chandulal Shah |
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Designation : |
Director |
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Address : |
7 Kailas, |
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Date of Birth/Age : |
25.11.1975 |
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Din No.: |
00374944 |
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Others Directorship:
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KEY EXECUTIVES
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Name : |
Mr. Satish Kamat |
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Designation : |
Chief Finance Officer and Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 19.09.2010
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Names of Shareholders |
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No. of Shares |
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Vishwesh Mahesh Palekar |
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5000 |
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Parag Chandulal Shah |
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5000 |
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Total |
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10000 |
List of Allottee:
As on 07.03.2011
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Names of Shareholders |
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No. of Shares |
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Mahindra Holdings Limited, |
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3790000 |
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Total |
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3790000 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged is construction activity for power plant. |
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Terms : |
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Selling : |
Cash / Bank Through |
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Purchasing : |
Cash / Bank Through |
GENERAL INFORMATION
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Customers : |
Others |
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No. of Employees : |
More than 30 (Contract Basis) [Approximately] |
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Bankers : |
HDFC Bank, Worli Branch |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
B.K. Khare and Company Chartered Accountant |
CAPITAL STRUCTURE
As on 19.09.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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3800000 |
Equity Shares |
Rs.10/- each |
Rs.38.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
New Company
Expected Sales (2011-12) : Rs.200.000 Millions
The above information has been parted by Mr. Satish Kamat.
LOCAL AGENCY FURTHER INFORMATION
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Check List by
Info Agents |
Available in
Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter’s background |
-- |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
-- |
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12) Profitability for last three years |
-- |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
Yes |
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15) Capital in the business |
No |
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16) Details of sister concerns |
-- |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
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20) Export / Import details (if applicable) |
-- |
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21) Market information |
-- |
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22) Litigations that the firm / promoter involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
Yes |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
No |
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28) Incorporation details, if applicable |
-- |
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29) Last accounts filed at ROC |
-- |
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30) Major Shareholders, if available |
-- |
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
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.91 |
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|
1 |
Rs.76.53 |
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Euro |
1 |
Rs.66.43 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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- |
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.