|
Report Date : |
04.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
HEMATIC MOTORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. B – 67, 68, MIDC Karad Industrial Area, Tasawade, Karad –
415109, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
03.12.1973 |
|
|
|
|
Com. Reg. No.: |
017045 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.936 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1973PTC017045 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEH04450F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH6643M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier Hermetic Motors |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 514548 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well 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 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Officeato : |
Plot No. B – 67, 68, MIDC Karad Industrial Area, Tasawade, Karad –
415109, Maharashtra, India |
|
Tel. No.: |
91-2164-258426/7/8/9 |
|
Fax No.: |
91-2164-258425 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 09.06.2011
|
Name : |
Mr. Hemchandra Sharaschandra Gune |
|
Designation : |
Managing Director |
|
Address : |
R S 396/1, Plot No.4, Market Road, Karad – 415002, Maharashtra, India |
|
Date of Birth/Age : |
23.03.1946 |
|
Date of Appointment : |
04.03.1989 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U31103MH1982PTC028913 |
QUADROMATIC ENGINEERING
PRIVATE LIMITED |
Director |
13/09/1984 |
13/09/1984 |
- |
Amalgamated |
NO |
|
2 |
U99999MH1973PTC017045 |
HEMATIC MOTORS PRIVATE
LIMITED |
Managing director |
01/04/2010 |
04/03/1989 |
- |
Active |
NO |
|
3 |
U31200MP1985PTC003063 |
VAKASA ELECTRICALS PRIVATE
LIMITED |
Director |
21/05/1996 |
21/05/1996 |
30/06/2011 |
Active |
NO |
|
4 |
U31101MP1986PTC003425 |
MORESHWAR ELECTRICALS
PRIVATE LIMITED |
Director |
21/05/1996 |
21/05/1996 |
20/09/2011 |
Active |
NO |
|
5 |
U25200MP1980PTC001656 |
NOVA PET PRIVATE LIMITED |
Director |
21/05/1996 |
21/05/1996 |
13/04/2011 |
Active |
NO |
|
6 |
U28910MH1980PTC023656 |
PRESSMATIC
ELECTROSTAMPINGS PRIVATE LIMITED |
Director |
20/03/1997 |
20/03/1997 |
23/08/2010 |
Amalgamated |
NO |
|
7 |
U51500PN1997PLC133148 |
KRAFT SALES AND SERVICES
(INDIA) LIMITED |
Director |
30/12/2003 |
30/12/2003 |
02/09/2010 |
Active |
NO |
|
8 |
U29120PN2010PTC138093 |
Niksan Pumps India Private
Limited |
Director |
23/12/2010 |
23/12/2010 |
23/12/2010 |
Active |
NO |
|
Name : |
Mr. Aseem Srivastav |
|
Designation : |
Director |
|
Address : |
IPF 16/2 Shalimar Towership, A B Road, Indore – 452010, Madhya
Pradesh, India |
|
Date of Birth/Age : |
07.10.1967 |
|
Date of Appointment : |
23.08.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U31103MH1982PTC028913 |
QUADROMATIC ENGINEERING
PRIVATE LIMITED |
Director |
07/04/2011 |
23/08/2010 |
- |
Amalgamated |
NO |
|
2 |
U99999MH1973PTC017045 |
HEMATIC MOTORS PRIVATE
LIMITED |
Director |
09/06/2011 |
23/08/2010 |
09/03/2012 |
Active |
NO |
|
Name : |
Mr. Umesh Ramaswamy Shastry |
|
Designation : |
Director |
|
Address : |
E-302, Isha Gardens, S No. 58/1/2/3, Kumar Parisar, Kothrud, Pune –
411038, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1965 |
|
Date of Appointment : |
23.08.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U99999MH1973PTC017045 |
HEMATIC MOTORS PRIVATE LIMITED
|
Director |
09/06/2011 |
23/08/2010 |
- |
Active |
NO |
|
2 |
U31103MH1982PTC028913 |
QUADROMATIC ENGINEERING
PRIVATE LIMITED |
Director |
07/04/2011 |
23/08/2010 |
- |
Amalgamated |
NO |
|
Name : |
Mr. Prashant Sharadchandra Vaishampayan |
|
Designation : |
Director |
|
Address : |
Flat No.16, Forth Floor, Pradnya Bhushan – B building, Pradnya Park,
Kothrud, Pune – 411038, Maharashtra, India |
|
Date of Birth/Age : |
09.12.1968 |
|
Date of Appointment : |
06.05.2011 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U28910MH1980PTC023656 |
PRESSMATIC
ELECTROSTAMPINGS PRIVATE LIMITED |
Director |
07/04/2011 |
23/08/2010 |
- |
Amalgamated |
NO |
|
2 |
U99999MH1973PTC017045 |
HEMATIC MOTORS PRIVATE
LIMITED |
Director |
09/06/2011 |
06/05/2011 |
- |
Active |
NO |
|
Name : |
Mr. Mukund Madhavrao Naik |
|
Designation : |
Director |
|
Address : |
F No. 3 Kshitij Apartment, R No. 22, 4/6/1, Sushant Nagar, Karad –
415110, Maharashtra, India |
|
Date of Birth/Age : |
22.08.1957 |
|
Date of Appointment : |
06.05.2011 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U99999MH1973PTC017045 |
HEMATIC MOTORS PRIVATE
LIMITED |
Director |
09/06/2011 |
06/05/2011 |
- |
Active |
NO |
|
Name : |
Mr. Ravindra Dinkar Chaudhri |
|
Designation : |
Director |
|
Address : |
D4-401, Shivsagar Apartments, SR No.18/6A/6B, Manik Baug, Sinhhagad
Road, Pune – 411016, Maharashtra, India |
|
Date of Birth/Age : |
19.02.1957 |
|
Date of Appointment : |
06.05.2011 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U99999MH1973PTC017045 |
HEMATIC MOTORS PRIVATE
LIMITED |
Director |
09/06/2011 |
06/05/2011 |
- |
Active |
NO |
|
Name : |
Mr. Gopalkrishna Madanlal Maheshwari
|
|
Designation : |
Director |
|
Address : |
H 304, Shalimar Towership, A B Road, Indore – 452010, Madhya Pradesh,
India |
|
Date of Birth/Age : |
13.06.1949 |
|
Date of Appointment : |
27.12.2010 |
|
Date of Ceasing: |
06.05.2011 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U99999MH1973PTC017045 |
HEMATIC MOTORS PRIVATE
LIMITED |
Additional director |
27/12/2010 |
27/12/2010 |
06/05/2011 |
Active |
NO |
|
Name : |
Ms. Suman Chandrakant Kirloskar |
|
Designation : |
Director |
|
Address : |
Lakaki Compound, Shivaji Nagar, Model Colony, Pune – 411007,
Maharashtra, India |
|
Date of Birth/Age : |
22.04.1935 |
|
Date of Appointment : |
03.12.1973 |
|
Date of Ceasing: |
23.08.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U99999MH1973PTC017045 |
HEMATIC MOTORS PRIVATE
LIMITED |
Director |
03/12/1973 |
03/12/1973 |
23/08/2010 |
Active |
NO |
|
2 |
U15136MH1965PLC013242 |
MAHILA UDYOG LIMITED |
Director |
31/08/1978 |
31/08/1978 |
- |
Active |
NO |
|
3 |
L35911PN1945PLC004656 |
Bajaj Holdings &
Investment Limited. |
Director |
23/10/2002 |
23/10/2002 |
20/02/2008 |
Active |
NO |
|
4 |
L65993PN2007PLC130076 |
BAJAJ AUTO LIMITED. |
Director |
10/07/2008 |
30/01/2008 |
- |
Active |
NO |
|
Name : |
Ms. Aruna Prabhakar Gune |
|
Designation : |
Director |
|
Address : |
Karishma 138, National Coop Soc Baner Road, Aundh, Pune – 411007,
Maharashtra, India |
|
Date of Birth/Age : |
12.01.1930 |
|
Date of Appointment : |
03.12.1973 |
|
Date of Ceasing: |
23.08.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U15136MH1965PLC013242 |
MAHILA UDYOG LIMITED |
Director |
31/08/1972 |
31/08/1972 |
- |
Active |
NO |
|
2 |
U99999MH1973PTC017045 |
HEMATIC MOTORS PRIVATE
LIMITED |
Director |
03/12/1973 |
03/12/1973 |
23/08/2010 |
Active |
NO |
|
3 |
U27310KA1978PTC003416 |
A K P FOUNDRIES PRIVATE
LIMITED |
Director |
16/12/1984 |
16/12/1984 |
- |
Active |
NO |
|
Name : |
Mr. Shukla Niteen Pradhan |
|
Designation : |
Director |
|
Address : |
A/4, Rose Blossom, Sitladevi Temple Road, Mahim, Mumbai – 400016,
Maharashtra, India |
|
Date of Birth/Age : |
13.11.1953 |
|
Date of Appointment : |
09.03.1981 |
|
Date of Ceasing: |
23.08.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U99999MH1973PTC017045 |
HEMATIC MOTORS PRIVATE LIMITED
|
Director |
09/03/1981 |
09/03/1981 |
23/08/2010 |
Active |
NO |
|
2 |
U51900MH2000PTC125666 |
SHEEL TRADING PRIVATE
LIMITED |
Director |
07/04/2000 |
07/04/2000 |
- |
Active |
NO |
|
3 |
U63090MH2010PTC211430 |
SEE WORLD VOYAGER PRIVATE
LIMITED |
Director |
27/12/2010 |
27/12/2010 |
- |
Active |
NO |
|
Name : |
Ms. Jayshree Dinesh Kumar |
|
Designation : |
Director |
|
Address : |
21/17th Cross Road, Malleshram, Bangalore – 560005,
Karnataka, India |
|
Date of Birth/Age : |
20.01.1944 |
|
Date of Appointment : |
09.08.1980 |
|
Date of Ceasing: |
23.08.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U99999MH1973PTC017045 |
HEMATIC MOTORS PRIVATE
LIMITED |
Director |
09/08/1980 |
09/08/1980 |
23/08/2010 |
Active |
NO |
|
Name : |
Ms. Sunetra Prakash Summanwar |
|
Designation : |
Director |
|
Address : |
D-3, Flat No.11, Shirine Garden Anudh, Pune – 411007, Maharashtra,
India |
|
Date of Birth/Age : |
01.03.1955 |
|
Date of Appointment : |
22.03.2002 |
|
Date of Ceasing: |
23.08.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U33111KA1982PTC004610 |
TOOL HOLDERS PRIVATE
LIMITED |
Director |
16/03/1982 |
16/03/1982 |
23/03/2008 |
Active |
NO |
|
2 |
U99999MH1973PTC017045 |
HEMATIC MOTORS PRIVATE
LIMITED |
Director |
22/03/2002 |
22/03/2002 |
23/08/2010 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 09.06.2011
|
Names of Shareholders |
|
No. of Shares |
|
Kirloskar Brothers Limited, Pune |
|
29352 |
|
Kirloskar Brothers Limited and Sanjay C Kirloskar |
|
1 |
|
Kirloskar Brothers Limited and Jayant R Sapre |
|
1 |
|
Kirloskar Brothers Limited and R K Srivastava |
|
1 |
|
Kirloskar Brothers Limited and G P Kulkarni |
|
1 |
|
Kirloskar Brothers Limited and Alok Kirloskar |
|
1 |
|
Kirloskar Brothers Limited and Gurunath Palekar |
|
1 |
|
Total |
|
29358 |
AS ON 09.06.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier Hermetic Motors |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel W,
Mumbai - 400013, Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
Footnotes: (A) Secured by
Hypothecation of Machinery and guaranteed by Managing Director and earstwhile
Director of Transferor Company (B) Secured by Hypothecation
of Machinery and guaranteed by Managing Director and earstwhile Director of
Transferor Company (C) It consist of:
a) CASH CREDIT from the IDBI Bank Limited current year Rs.2.789
Millions.Secured by Hypothecation of Stock of Raw Material, Consumable
Stores, Finished and Semi Finished Goods and guaranteed by Managing Director
and earstwhile Director of Transferor Company. (D) It consist of:
a) CASH CREDIT from the IDBI Bank Limited previous year Rs.0.Secured by
Hypothecation of Stock of Raw Material, Consumable Stores, Finished and Semi
Finished Goods and guaranteed by Managing Director and earstwhile Director of
Transferor Company. (E) It consist of:
a) OVER DRAFT from IDBI Bank Limited. current year Rs.9.576 Millions c)OVER
DRAFT from HDFC Bank current year Rs.6.993 Millions. Secured against Fixed
Deposit. (F) It consist of:
a) OVER DRAFT from IDBI Bank Limited. current year Rs.7.465 Millions c)OVER
DRAFT from HDFC Bank current year Rs.18.910 Millions Secured against Fixed
Deposit
Footnotes: (A) Short Term Loan from Bank in respect of Bills Discounted and
guaranteed by Managing Director and erstwhile director of Transferor Company. (B) Short Term Loan from Bank in respect of Bills Discounted and
guaranteed by Managing Director and erstwhile director of Transferor Company. (C) Short Term Loan from Bank in respect of Buyer's Credit for Raw
Material Purchase. (D) Short Term Loan from Bank in respect of Buyer's Credit for Raw
Material Purchase. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P G Bhagwat Registered Chartered Accountants |
|
Address : |
M/S. P G Bhagwat, Suit No. 101-102, 'Orchid' Dr. Pai Marg, Baner,
Pune- 411045, Maharashtra, India |
|
|
|
|
Holding Company : |
Kirloskar Brothers Limited, Pune |
|
|
|
|
Subsidiaries : |
·
Ila Electricals Private Limited ·
Vakasa Electricals Private Limited ·
Moreshwar Electricals Private Limited |
CAPITAL STRUCTURE
AS ON 09.06.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
30000 |
Equity Shares |
Rs.100/- each |
Rs.3.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
29358 |
Equity Shares |
Rs.100/-
each |
Rs.2.936
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.936 |
2.936 |
2.936 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
125.701 |
182.163 |
171.563 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
128.637 |
185.099 |
174.499 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
48.490 |
26.376 |
0.723 |
|
|
2] Unsecured Loans |
455.955 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
504.445 |
26.376 |
0.723 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
633.082 |
211.475 |
175.222 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
129.523 |
27.416 |
11.356 |
|
|
Capital work-in-progress |
59.610 |
0.759 |
7.388 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.195 |
2.209 |
2.209 |
|
|
DEFERREX TAX ASSETS |
7.258 |
(0.514) |
0.233 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
277.000
|
78.917 |
43.941 |
|
|
Sundry Debtors |
434.712
|
146.770 |
90.687 |
|
|
Cash & Bank Balances |
68.532
|
52.179 |
32.084 |
|
|
Other Current Assets |
0.408
|
0.000 |
0.000 |
|
|
Loans & Advances |
47.034
|
26.823 |
58.403 |
|
Total
Current Assets |
827.686
|
304.689 |
225.115 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
351.399
|
108.591 |
58.559 |
|
|
Other Current Liabilities |
26.694
|
2.453 |
7.348 |
|
|
Provisions |
15.098
|
12.039 |
5.172 |
|
Total
Current Liabilities |
393.191
|
123.083 |
71.079 |
|
|
Net Current Assets |
434.496
|
181.605 |
154.036 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
633.082 |
211.475 |
175.222 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
|
921.470 |
364.867 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
54.506 |
31.267 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
15.056 |
10.748 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
39.450 |
20.519 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
68.584 |
60.482 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
108.034 |
81.001 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.28
|
5.62 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.69
|
9.41 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42
|
0.17 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.98
|
0.81 |
0.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.10
|
2.47 |
3.17 |
LOCAL AGENCY FURTHER INFORMATION
SUBSIDIARY
During the year, the Company acquired 100% shareholding of Pressmatic
Electrostampings Private Limited and Quadromatic Engineering Private Limited.
These wholly owned subsidiary companies were amalgamated with their Company.
Subsequent to March 31, 2011, the Company sold its entire shareholding
in its other wholly owned subsidiaries viz. Ila Electricals Private Limited,
Dewas Vakasa Electricals Private Limited Dewas and Moreshwar Electricals
Private Limited. Thereupon, their Company is now not having any subsidiary as
on date.
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.50.56 |
|
|
1 |
Rs.81.04 |
|
Euro |
1 |
Rs.67.48 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.