MIRA
INFORM REPORT
|
Report Date : |
13.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
AQUA DESIGNS INDIA PRIVATE LIMITED (w.e.f.05.05.2010) |
|
|
|
|
Formerly Known
As : |
AQUA DESIGNS INDIA LIMITED |
|
|
|
|
Registered
Office : |
No.9, Jayanthi Nagar Extension, Behind IBP Petrol Pump, Off 200 Road,
Kolathur, Chennai-600099, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
24.12.2002 |
|
|
|
|
Com. Reg. No.: |
18-050091 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 85.993 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U41000TN2002PTC050091 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
CHEA07317C CHEA08997C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCA9550D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Water Treatment Plant |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. It has
recorded improvement in its business activities during 2011. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. 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 – 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 |
BBB (Long Term Rating) |
|
Rating Explanation |
Moderate credit risk |
|
Date |
13.03.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A3+ (Short Term Rating) |
|
Rating Explanation |
Moderate degree of safety |
|
Date |
13.03.2012 |
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 : |
No.9, Jayanthi Nagar Extension, Behind IBP Petrol Pump, Off 200 Road, Kolathur,
Chennai-600099, Tamilnadu, India |
|
Tel. No.: |
91-44-37171717 |
|
Fax No.: |
91-44-37171737 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 28.09.2011
|
Name : |
Mr. Suthakar Sreedharan |
|
Designation : |
Managing Director |
|
Address : |
Old No.21, New No.3, Victory Avenue, Mth Road, Thirumullaivayil,
Chennai-600062, Tamilnadu, India |
|
Date of Birth/Age : |
16.07.1971 |
|
Date of Appointment : |
24.12.2002 |
|
DIN No.: |
01690216 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U41000TN2002PTC050091 |
AQUA
DESIGNS INDIA PRIVATE LIMITED |
Managing
director |
28/03/2009 |
24/12/2002 |
Active |
NO |
|
2 |
U24119TN2004PTC054752 |
AQUASOL
TECHNOLOGIES PRIVATE LIMITED |
Managing
director |
29/11/2004 |
29/11/2004 |
Active |
NO |
|
Name : |
Mr. Singarajan Kamalam |
|
Designation : |
Director |
|
Address : |
Old No.21, New No.3, Victory Avenue, Mth Road, Thirumullaivayil,
Chennai-600062, Tamilnadu, India |
|
Date of Birth/Age : |
20.10.1947 |
|
Date of Appointment : |
24.12.2002 |
|
DIN No.: |
02018614 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U41000TN2002PTC050091 |
AQUA
DESIGNS INDIA PRIVATE LIMITED |
Whole-time
director |
24/12/2002 |
24/12/2002 |
Active |
NO |
|
2 |
U24119TN2004PTC054752 |
AQUASOL
TECHNOLOGIES PRIVATE LIMITED |
Director |
29/11/2004 |
29/11/2004 |
Active |
NO |
|
Name : |
Mr. Rajagopalan Balasubramanian |
|
Designation : |
Director |
|
Address : |
Plot No.18, Annamalai Colony, Virugambakkam, Cehnnai-600092,
Tamilnadu, India |
|
Date of Birth/Age : |
07.01.1965 |
|
Date of Appointment : |
06.08.2010 |
|
DIN No.: |
01889053 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U93090TN1998PTC040720 |
DORMA INDIA
PRIVATE LIMITED |
Director |
07/03/2007 |
07/03/2007 |
24/04/2008 |
Active |
NO |
|
2 |
U74900AP2007PTC054615 |
OCHRE MEDIA
PRIVATE LIMITED |
Director |
30/09/2009 |
08/09/2008 |
- |
Active |
NO |
|
3 |
U93000AP2005PTC045094 |
VISAGE MEDIA
SERVICES PRIVATE LIMITED |
Director |
30/09/2009 |
08/09/2008 |
- |
Active |
NO |
|
4 |
U74999AP2006PTC051788 |
VISWAS BUSINESS
SYNERGIES PRIVATE LIMITED |
Nominee director |
02/03/2009 |
02/03/2009 |
20/01/2011 |
Active |
|
|
5 |
U92113MH2006PTC205734 |
INTEGRID MEDIA
PRIVATE LIMITED |
Nominee director |
31/03/2009 |
31/03/2009 |
- |
Active |
NO |
|
6 |
U41000TN2002PTC050091 |
AQUA DESIGNS
INDIA PRIVATE LIMITED |
Director |
30/11/2010 |
06/08/2010 |
- |
Active |
NO |
|
7 |
U74999TN2012PTC086832 |
POTENT
MANAGEMENT SOLUTIONS PRIVATE LIMITED |
Director |
18/07/2012 |
18/07/2012 |
- |
Active |
NO |
|
Name : |
Mr. Venkat Shankar |
|
Designation : |
Director |
|
Address : |
No.3 C, Nithyashree Apartments, 51, Chambers Road, R A Puram,
Chennai-600028, Tamilnadu, India |
|
Date of Birth/Age : |
27.04.1966 |
|
Date of Appointment : |
06.08.2010 |
|
DIN No.: |
02223282 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U55101TN1994PTC027509 |
ORIENTAL
CUISINES PRIVATE LIMITED |
Director |
15/04/2008 |
15/04/2008 |
- |
Active |
NO |
|
2 |
U32109TN2007PTC062014 |
INDUS
MOBILE DISTRIBUTION PRIVATE LIMITED |
Director |
28/09/2009 |
18/06/2008 |
- |
Active |
NO |
|
3 |
U29299MH1994PTC077795 |
KAM-AVIDA
ENVIRO ENGINEERS PRIVATE LIMITED |
Director |
27/09/2011 |
01/09/2008 |
- |
Active |
NO |
|
4 |
U51909AP2000PTC034653 |
BALAN
NATURAL FOOD PRIVATE LIMITED |
Director |
09/10/2008 |
09/10/2008 |
15/12/2011 |
Active |
NO |
|
5 |
U72200KA2002PTC030917 |
TELE
DNA COMMUNICATIONS PRIVATE LIMITED |
Director |
30/11/2009 |
30/10/2009 |
22/12/2011 |
Active |
NO |
|
6 |
U85110TN1994PTC029023 |
MEDALL
HEALTHCARE PRIVATE LIMITED |
Director |
23/09/2010 |
08/11/2009 |
- |
Active |
NO |
|
7 |
U31103KA2002PTC030060 |
UNIVERSAL
POWER TRANSFORMER PRIVATE LIMITED |
Director |
13/08/2010 |
12/11/2009 |
- |
Active |
NO |
|
8 |
U74130KA2006PTC059425 |
LOYALTY
SOLUTIONS AND RESEARCH PRIVATE LIMITED |
Director |
29/09/2010 |
29/05/2010 |
- |
Active |
NO |
|
9 |
U41000TN2002PTC050091 |
AQUA
DESIGNS INDIA PRIVATE LIMITED |
Director |
30/11/2010 |
06/08/2010 |
- |
Active |
NO |
|
10 |
U31900TN1985PTC011866 |
CONSUL
CONSOLIDATED PRIVATE LIMITED |
Nominee
director |
05/04/2012 |
05/04/2012 |
- |
Active |
NO |
|
Name : |
Mr. Ajith Ambika Jagannadhan Nair |
|
Designation : |
Director |
|
Address : |
Old No.4, East Avenue, Kesava Perumal Puram, R A Puram, Chennai-600028,
Tamilnadu, India |
|
Date of Birth/Age : |
26.01.1974 |
|
Date of Appointment : |
06.08.2012 |
|
DIN No.: |
02882059 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U72200KA2002PTC030917 |
TELE
DNA COMMUNICATIONS PRIVATE LIMITED |
Director |
30/11/2009 |
30/10/2009 |
Active |
NO |
|
2 |
U41000TN2002PTC050091 |
AQUA
DESIGNS INDIA PRIVATE LIMITED |
Director |
30/11/2010 |
06/08/2010 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2011
|
Names of Shareholders |
No. of Shares |
|
Sreedharan K |
200000 |
|
Kamalam S |
141700 |
|
Suthakar S |
2887500 |
|
Kalaivani V R |
287000 |
|
Prabhakar S |
317500 |
|
Sophia A |
50000 |
|
S V Rajan |
252800 |
|
V R Mini |
148000 |
|
Peepul Capital Fund II LLC, Mauritius |
3922573 |
|
Chintalapati Holdings Private Limited, India |
392257 |
|
TOTAL
|
8599330 |
AS ON 28.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
45.60 |
|
Bodies corporate |
4.60 |
|
Directors or relatives of Directors |
49.80 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Water Treatment Plant |
GENERAL INFORMATION
|
Customers : |
·
Zuari Cement ·
L’oreal ·
Chevron ·
Sarafee ·
CPCL ·
Clariant ·
SRF ·
Kotharu ·
Henkel ·
Asian Paints ·
JBM ·
Mando ·
TVS |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Commercial Branch, 232, N S
C Bose Road, Chennai-600001, Tamilnadu, India ·
Indian Overseas Bank, Teynampet Branch, DMS
Compound, Chennai-600006, Tamilnadu, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Haribhakti and Company Chartered Accountant |
|
Address : |
5B, A Block, 5th Floor, Mena Kampala Arcade, New No.18, and
20, Thiagaraya Roadm T Nagar, Chennai-600017, Tamilnadu, India |
|
PAN No.: |
AAAFH2010F |
|
|
|
|
Subsidiaries : |
Aquasol Technologies Private Limited CIN No.: - U24119TN2004PTC054752 |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8599330 |
Equity Shares |
Rs.10/- each |
Rs. 85.993
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 |
85.993 |
47.895 |
47.895 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
312.354 |
(14.425) |
43.317 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
398.347 |
33.470 |
91.212 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
26.026 |
103.873 |
49.695 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.100 |
|
|
TOTAL BORROWING |
26.026 |
103.873 |
49.795 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
1.360 |
1.533 |
|
|
|
|
|
|
|
|
TOTAL |
424.373 |
138.703 |
142.540 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
73.938 |
78.952 |
89.027 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
27.871 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.025 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
20.487
|
9.677 |
3.428 |
|
|
Sundry Debtors |
621.030
|
299.338 |
384.527 |
|
|
Cash & Bank Balances |
23.756
|
13.543 |
0.133 |
|
|
Other Current Assets |
4.964
|
2.766 |
0.000 |
|
|
Loans & Advances |
61.296
|
32.173 |
30.553 |
|
Total
Current Assets |
731.533
|
357.497 |
418.641 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
285.158
|
156.419 |
233.472 |
|
|
Other Current Liabilities |
116.983
|
136.848 |
0.000 |
|
|
Provisions |
6.853
|
4.684 |
131.699 |
|
Total
Current Liabilities |
408.994
|
297.951 |
365.171 |
|
|
Net Current Assets |
322.539
|
59.546 |
53.470 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.205 |
0.043 |
|
|
|
|
|
|
|
|
TOTAL |
424.373 |
138.703 |
142.540 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
659.700 |
403.500 |
501.595 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
(44.754) |
53.468 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
10.041 |
6.922 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
(54.795) |
46.546 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
2.946 |
19.015 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
NA |
(57.741) |
27.531 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
43.317 |
15.786 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
(14.424) |
43.317 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
0.094 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
35.712 |
NA |
NA |
|
|
|
Capital Goods |
1.421 |
NA |
NA |
|
|
TOTAL IMPORTS |
37.133 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
-- |
(12.06) |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
(13.58) |
9.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
(12.55) |
9.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
(1.64) |
0.51 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.09
|
12.05 |
4.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.79
|
1.20 |
1.15 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
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 |
Yes |
|
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 |
NOTE
Registered office has been shifted from W-35, 1st Street,
Anna Nagar, Chennai-600040, Tamilnadu, India to the present address
w.e.f.04.08.2008.
PERFORMANCE OF THE
COMPANY
The turnover was higher at Rs. 659.700 Millions as compared to Rs.
403.500 Millions of the previous year, showing a growth of 61%.
FORM 8
|
Corporate
identity number of the company |
U41000TN2002PTC050091 |
|
Name of the
company |
AQUA DESIGNS
INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No.9, Jayanthi Nagar Extension, Behind IBP Petrol Pump, Off 200 Road, Kolathur, Chennai-600099, Tamilnadu, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10181175 |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge |
|
Particular of
charge holder |
State Bank of India, Commercial Branch, 232, N S C Bose Road,
Chennai-600001, Tamilnadu, India |
|
Nature of
instrument creating charge |
1) Supplemental
Agreement of Loan for Increase in the Overall Limit. 2) Supplemental
Agreement of Hypothecation of Goods and Assets for Increase in the Overall
Limit. 3) Letter
Regarding the Grant of Individual Limits within the Overall Limit. 4) Memorandum of
Deposit for Creation of Further Charge for Term Loan Overall Limit where the
Initial Charge is Created by way of Mortgage by Deposit of Title Deeds. |
|
Date of
instrument Creating the charge |
16.05.2012 |
|
Amount secured by
the charge |
Rs. 710.800
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CC: 4.25 %+BR p.a
(BR at Present: 10%) TL I and II:
4.75%+BR p.a (BR at Present: 10%) Terms of repayment As Stipulated by
the Bank from time to time. Margin As Stipulated by
the Bank from time to time. Extent and operation of the charge As Stipulated by
the Bank from time to time. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
Raw material. SIP, FG, Receivables, consumable stored/spares and other
movable Assets and Current Assets to Companies both present and future Charge over the
fixed assets of the company (primary security for TLs) Extension of EM
over the properties held at Kolathur |
|
Date of
instrument modifying the charge |
24.12.2009 |
|
Particulars of
the present modification |
The Amount secured
by this charge has been enhanced from Rs. 430.400 Millions to Rs. 710.800
Millions as detailed below: Facility Existing Modified(in Millions) CC 170.000 27.000 TL I 27.900 27.900 TL II 12.500 12.500 SLC 20.000 --- BG 200.000 400.000 LC (80.000) (80.000) FC - 0.400 Total 430.400 710.800 |
FIXED ASSETS
·
Building
·
Land
·
Air Conditioner
·
Plant and Machinery
·
Lab Equipments
·
Mobile Set
·
Fire Extinguisher
·
Furniture and Fittings
WEBSITE DETAILS
MILSTONES
|
Established |
2002-2003 |
|
Established Laboratory |
2003-2004 |
|
ISO 9001:2000 certified |
2003-2004 |
|
India's First Sea water to mineral water plant commissioned |
2003-2004 |
|
Became Hydranautics Master stockiest |
2005-2006 |
|
Mobile Lab Facility Established |
2005-2006 |
|
Chemical Manufacturing Facility (Aquasol Technologies) |
2005-2006 |
|
Diamond sponsors at Water Expo |
2006-2007 |
|
Zero Discharge Plant commissioned |
2006-2007 |
|
Aquasol ISO certified by TUV |
2008-2009 |
|
Fabrication facility - Aquafabz |
2008-2009 |
|
New office with all facilities established |
2008-2009 |
|
CRISIL rating SE1A obtained |
2009-2010 |
|
ISO 9001:2008 certified |
2009-2010 |
|
NABL Accreditation obtained |
2009-2010 |
|
Laboratory facilities extended for Food, Agricultural Products and
Microbiological Analysis |
2010-2011 |
|
British Safety Council membership |
2010-2011 |
|
Highest Venture Capital Investment in Indian Water Treatment Industry
SBUs formation |
2010-2011 |
|
IMS certified by Germanischer Lloyd (ISO 9001:2008, ISO14001:2009, BS
OHSAS 18001:2007) |
2011-2012 |
AWARDS
|
Best Upcoming Water Company
Award |
2006-2007 |
|
Best Water Treatment
Project-Industrial |
2007-2008 |
|
Best Water R&D Technology
Breakthrough |
2007-2008 |
|
Best IT Park Water
Conservation |
2008-2009 |
|
Best Consultancy |
2008-2009 |
|
Emerging Company of the Year |
2009-2010 |
|
Asia pacific outstanding
entrepreneurship Award |
2010-2011 |
|
Commendable Water company of
the year |
2010-2011 |
|
Distinguished Water efficient
project of the year |
2010-2011 |
|
Distinguished water reuse
project of the year. |
2010-2011 |
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. 55.34 |
|
|
1 |
Rs. 86.45 |
|
Euro |
1 |
Rs. 68.04 |
INFORMATION DETAILS
|
Report Prepared by
: |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
42 |
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.