1. Summary Information
|
|
|
Country |
India |
|
Company Name |
Technocrat Plasma Systems Private Limited |
Principal Name 1 |
Mr. Arun Kumar Sharma |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Vandana Sharma |
|
|
|
Registration # |
11-082603 |
|
Street Address |
310 Tapo Commercial Center, Ram Mandir Road, Goregaon (West), Mumbai –
400104, Maharashtra, India |
||
|
Established Date |
01.11.1994 |
SIC Code |
-- |
|
Telephone# |
91-22-26763513/ 14/ 4048 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-26764001 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Welding Equipment |
|
|
# of employees |
70
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.7,852,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors – 100% |
Banking |
Vijaya Bank |
|
Public Limited Corp. |
No |
Business Period |
18 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B
(33) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
67,412,000 |
Current Liabilities |
57,883,000 |
|
Inventories |
42,761,000 |
Long-term Liabilities |
41,270,000 |
|
Fixed Assets |
25,840,000 |
Other Liabilities |
1,538,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
100,691,000 |
|
Invest& other Assets |
45,000 |
Retained Earnings |
27,515,000 |
|
|
|
Net Worth |
35,367,000 |
|
Total Assets |
136,058,000 |
Total Liab. & Equity |
136,058,000 |
|
Total Assets (Previous Year) |
106,780,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
Not Available |
Net Profit |
Not Available |
|
Sales(Previous yr) |
Not Available |
Net Profit(Prev.yr) |
Not Available |
MIRA
INFORM REPORT
|
Report Date : |
09.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
TECHNOCRAT PLASMA SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
310 Tapo Commercial Center, Ram Mandir Road, Goregaon (West), Mumbai –
400104, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
01.11.1994 |
|
|
|
|
Com. Reg. No.: |
11-082603 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7.852
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1994PTC082603 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT05173A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT5491R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Welding Equipment. |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 140000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The networth
of the company appears to be good. Some financial details are not made
available. However, trade relations are reported as fair. Business is active.
Payments are reported to be unknown. The company can be considered for business dealings with some caution.
Profit and Loss account is not available. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SE 2B |
|
Rating Explanation |
High performance capability and moderate financial strength. |
|
Date |
February 2009. |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office: |
310 Tapo Commercial Center, Ram Mandir Road, Goregaon (West), Mumbai –
400104, Maharashtra, India |
|
Tel. No.: |
91-22-26763513/ 14/ 4048 |
|
Fax No.: |
91-22-26764001 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office/ Factory : |
Nirav 2, Goan Devi Industrial Estate, Sativali, Vasai (East), Thane,
Mumbai – 401205, |
|
Tel. No.: |
91-250-2481511 / 12 / 13 |
|
Fax No.: |
91-250-2480299 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mrs. Vandana Arunkumar Sharma |
|
Designation : |
Director |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
15.12.2004 |
|
DIN No.: |
00146519 |
|
|
|
|
Name : |
Mr. Arun Kumar Sharma |
|
Designation : |
Director |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
01.11.1994 |
|
DIN No.: |
00146452 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Arun Kumar Sharma |
44849 |
|
Vandana Arunkumar Sharma |
33671 |
|
TOTAL
|
78520 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Welding
Equipment |
|
|
|
|
Products : |
·
Plasma Cutting ·
ARC Welding Machines ·
MMA/TIG Welding Machines ·
Inverter Based Welding Machines ·
Thyristor Based Welding Machines ·
MIG/MAG CO2 Welding Machines ·
Submerged (Arc) Welding Machines ·
CNC Plasma/Gas Profile ·
CNC Pipe Profile Cutting Machines ·
Semi Automatic Gas Cutting1 |
GENERAL INFORMATION
|
Customers : |
· 3, Advance Base Workshop, C/0 56 Apo, Udhampur, Jammu and Kashmir · Alpha Laval India Limited, Pune, Maharashtra · Aster Teleservices Private Limited, Hyderabad, Andhra Pradesh · Bhabha Atomic Research Centre, Mumbai, Maharashtra · Bharat Heavy Electricals Limited, Tiruchirapally, Tamilnadu · Bhilai Engineering Corporation Limited, Bhilai, Madhya Pradesh · Bhilai Steel Plant, Bhilai, Chattisgarh · Binani Cement Limited, Pindwara, Rajasthan · Bokaro Steel Plant, Bokaro, Jharkhand · Center for Advanced Technology, Indore, Madhya Pradesh · Central Glass and Ceramic Research Institute, Calcutta, West Bengal · Dalmia Cement (Bharat ) Limited, Dalmiapuram, Tamilnadu, · Deccan Mechanical and Chemical Industries Limited, Pune, Maharashtra · Defence Metallurigical Research Laboratory Hyderabad, Andhra Pradesh, · Defence Science Centre, Metcalfe house, Delhi · Delhi College of Engineering, Bawana Road, Delhi · Director General of EME, MGO branch, Army headquarter, New Delhi · Director General Naval Project (DGNP), Vizag, Andra Pradesh · Director General Naval Project (DGNP), Mumbai, Maharashtra · Directorate General Border Security Force, Saket, Delhi · Directorate of Technical Education, Jodhpur, Rajasthan · Dodsal Limited, Mumbai, Maharashtra |
|
|
|
|
No. of Employees : |
70 (Approximately) |
|
|
|
|
Bankers : |
·
Vijaya Bank, Vijaya Bank SME Branch, Goregaon
(East), Mumbai-400063, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ams and Company Chartered Accountant |
|
Address : |
Office No.34, Upper Basement, New Dhiraj Heritage, S V Road, Santacruz
(West), Mumbai-400054, Maharashtra, India |
|
PAN No.: |
AASFA3432A |
CAPITAL STRUCTURE
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
78520 |
Equity Shares |
Rs.100/-
each |
Rs. 7.852
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 |
7.852 |
7.852 |
7.852 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
27.515 |
26.763 |
26.403 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
35.367 |
34.615 |
34.255 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
27.707 |
30.361 |
30.574 |
|
|
2] Unsecured Loans |
13.563 |
6.933 |
0.000 |
|
|
TOTAL BORROWING |
41.270 |
37.294 |
30.574 |
|
|
DEFERRED TAX LIABILITIES |
1.538 |
1.584 |
1.408 |
|
|
|
|
|
|
|
|
TOTAL |
78.175 |
73.493 |
66.237 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
25.840 |
24.128 |
21.442 |
|
|
Capital work-in-progress |
0.000 |
2.725 |
3.816 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.045 |
0.045 |
0.045 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
42.761
|
38.315
|
33.579
|
|
|
Sundry Debtors |
60.732
|
35.923
|
24.815
|
|
|
Cash & Bank Balances |
2.319
|
1.525
|
2.872
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
4.361
|
4.119
|
5.548
|
|
Total
Current Assets |
110.173
|
79.882 |
66.814 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
57.883
|
29.987
|
25.880
|
|
|
Other Current Liabilities |
|
0.000
|
0.000
|
|
|
Provisions |
0.000
|
3.300
|
0.000 |
|
Total
Current Liabilities |
57.883
|
33.287 |
25.880 |
|
|
Net Current Assets |
52.290
|
46.595
|
40.934
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
78.175 |
73.493 |
66.237 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.85
|
2.04
|
1.64
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.90
|
2.40
|
2.58
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
No |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
Yes |
FORM 8
|
Corporate identity
number of the company |
U74999MH1994PTC082603 |
|
Name of the
company |
TECHNOCRAT PLASMA
SYSTEMS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
310 Tapo Commercial Centreram Mandir Road, Goregaon
(West), Mumbai – 400104, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the charge to be modified |
80014317 |
|
Type of charge |
·
Immovable
property |
|
Particular of
charge holder |
Vijaya Bank, SME (SSI) Branch, Goregaon (East), Gogte Wadi, Mumbai –
400063, Maharashtra, India |
|
Nature of instrument
creating charge |
No
Instrument-Extension of Deposit of title Deeds. |
|
Date of
instrument Creating the charge |
10.02.2012 |
|
Amount secured by
the charge |
Rs. 46.150
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest Interest Rate or
such other Rate as agreed between the borrower company and the Bank from time
to time. Penal Interest Over and above the normal interest rate in case of
default. Terms of repayment Repayment, as
agreed between the borrower company and the Bank from time to time Margin Margin Rate, as
agreed between the borrower company and the Bank from time to time Extent and operation of the charge At the request of
the Borrower company, the Bank has enhanced CCH limits up to Rs.22.500
Millions and Reduced the Bank Guarantee limit up to Rs.7.500 Millions against
Mortgage of the immovable property i.e. Industrial Gala No.6,7,8, unit No.7,
Gala No. 309, 105. Total charge
stands unaltered up to Rs.46.150 Millions |
|
Short particulars
of the property charged (Including location of the property) |
Mortgage of the
immovable property i.e. Industrial Gala No.6, 7, 8, unit No.7, Gala No. 309,
105. |
|
Particulars of the
present modification |
At the request of
the Borrower company, the Bank has enhanced CCH limits up to Rs.22.500
Millions and Reduced the Bank Guarantee limit up to Rs.7.500 Millions against
Mortgage of the immovable property i.e. Industrial Gala No.6,7,8, unit No.7,
Gala No. 309, 105. Total charge
stands unaltered up to Rs.46.150 Millions |
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. 55.14 |
|
|
1 |
Rs. 86.00 |
|
Euro |
1 |
Rs. 68.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
33 |
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.