MIRA INFORM REPORT
|
Report Date : |
26.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
MILLTEC MACHINERY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
51-A, 1st Phase, K.I.A.D.B. Industrial Area, Bommasandra,
Bangalore – 560099, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.08.1998 |
|
|
|
|
Com. Reg. No.: |
08-024139 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 30.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110KA1998PTC024139 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRM02300E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM6912D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Suppliers of Food Processing Machinery |
|
|
|
|
No. of Employees : |
50 (Approximately) (In Office + In Factory) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1400000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having a satisfactory track
record. The financial position of the company appears to be sound and
healthy. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered normal 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 |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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 : |
51-A, 1st Phase, K I A D B Industrial Area, Bommasandra, |
|
Tel. No.: |
91-80-28016666 / 27831128 /
27835170 / 27835171 |
|
Fax No.: |
91-80-27831129 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 17.09.2012
|
Name : |
Mr. Veluru Ramanaiah |
|
Designation : |
Whole Time Director |
|
Address : |
304, Krishna Jayanthi, 2nd Main, 9th Cross, 3rd
Phase, J.P. Nagar, Bangalore – 560078, Karnataka, India |
|
Date of Birth/Age : |
01.06.1960 |
|
Date of Appointment : |
28.08.1998 |
|
DIN No.: |
01298671 |
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 |
U85110KA1998PTC024139 |
MILLTEC
MACHINERY PRIVATE LIMITED |
Whole-time
director |
28/08/1998 |
28/08/1998 |
Active |
NO |
|
2 |
U51211KA2002PTC031083 |
MILLTEC
OUTSOURCING PRIVATE LIMITED |
Director |
03/10/2002 |
03/10/2002 |
Active |
NO |
|
3 |
U02922KA2003PTC032056 |
HARI
PRAKASH PRECISION TOOLS AND COMPONENTS PRIVATE LIMITED |
Managing
director |
05/06/2003 |
05/06/2003 |
Active |
NO |
|
4 |
U02922KA2004PTC033993 |
MILLTEC
INDUSTRIES BANGALORE PRIVATE LIMITED |
Director |
23/06/2006 |
23/06/2006 |
Active |
NO |
|
5 |
U31100KA2009PTC049840 |
M.S.SORTERS
PRIVATE LIMITED |
Director |
29/09/2010 |
13/05/2009 |
Active |
NO |
|
6 |
U29242KA2010PTC052830 |
MTS
INDUSTRIES PRIVATE LIMITED |
Director |
11/03/2010 |
11/03/2010 |
Strike
off |
NO |
|
Name : |
Mr. Veluru Girinatha Prakash |
|
Designation : |
Whole Time Director |
|
Address : |
A-240, Prestige Ozone, Varthur Road, White Filed, Bangalore – 560066,
Karnataka, India |
|
Date of Birth/Age : |
15.11.1962 |
|
Date of Appointment : |
28.08.1998 |
|
DIN No.: |
00211521 |
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 |
U85110KA1998PTC024139 |
MILLTEC
MACHINERY PRIVATE LIMITED |
Whole-time
director |
28/08/1998 |
28/08/1998 |
Active |
NO |
|
2 |
U51211KA2002PTC031083 |
MILLTEC
OUTSOURCING PRIVATE LIMITED |
Director |
03/10/2002 |
03/10/2002 |
Active |
NO |
|
3 |
U02922KA2003PTC032056 |
HARI
PRAKASH PRECISION TOOLS AND COMPONENTS PRIVATE LIMITED |
Director |
05/06/2003 |
05/06/2003 |
Active |
NO |
|
4 |
U02922KA2004PTC033993 |
MILLTEC
INDUSTRIES BANGALORE PRIVATE LIMITED |
Director |
23/06/2006 |
23/06/2006 |
Active |
NO |
|
5 |
U31100KA2009PTC049840 |
M.S.SORTERS
PRIVATE LIMITED |
Director |
30/07/2010 |
13/05/2009 |
Active |
NO |
|
6 |
U29242KA2010PTC052830 |
MTS
INDUSTRIES PRIVATE LIMITED |
Managing
director |
11/03/2010 |
11/03/2010 |
Strike
off |
NO |
|
7 |
U72900KA2010PTC054821 |
SEMTRONICS
MICROSYSTEMS PRIVATE LIMITED |
Additional
director |
22/11/2012 |
22/11/2012 |
Active |
NO |
|
Name : |
Mr. Ramaiah Ravindranath |
|
Designation : |
Whole Time Director |
|
Address : |
A-253, Prestige Ozone Vartur Road, White Field, Bangalore – 560066,
Karnataka, India |
|
Date of Birth/Age : |
20.07.1963 |
|
Date of Appointment : |
28.08.1998 |
|
DIN No.: |
00212085 |
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 |
U85110KA1998PTC024139 |
MILLTEC
MACHINERY PRIVATE LIMITED |
Whole-time
director |
28/08/1998 |
28/08/1998 |
- |
Active |
NO |
|
2 |
U51211KA2002PTC031083 |
MILLTEC
OUTSOURCING PRIVATE LIMITED |
Director |
03/10/2002 |
03/10/2002 |
- |
Active |
NO |
|
3 |
U02922KA2004PTC033993 |
MILLTEC
INDUSTRIES BANGALORE PRIVATE LIMITED |
Director |
23/06/2006 |
23/06/2006 |
- |
Active |
NO |
|
4 |
U31100KA2009PTC049840 |
M.S.SORTERS
PRIVATE LIMITED |
Director |
13/05/2009 |
13/05/2009 |
- |
Active |
NO |
|
5 |
U29242KA2010PTC052830 |
MTS INDUSTRIES
PRIVATE LIMITED |
Director |
11/03/2010 |
11/03/2010 |
- |
Strike
off |
NO |
|
6 |
U36997KA2010PTC052854 |
ECOTECH
MACHINERY PRIVATE LIMITED |
Director |
15/03/2010 |
15/03/2010 |
- |
Active |
NO |
|
7 |
U65923TZ2011PTC016739 |
BHOJAN
MICROFINANCE PRIVATE LIMITED |
Additional
director |
21/02/2011 |
21/02/2011 |
- |
Active |
NO |
|
8 |
U28999KA2008PTC046025 |
NIKSHEPA
MACHINING TECHNOLOGIES PRIVATE LIMITED |
Additional
director |
25/10/2011 |
25/10/2011 |
11/07/2012 |
Active |
NO |
|
9 |
U40107KA2012PTC064264 |
NATURA
AGRO FUELS PRIVATE LIMITED |
Director |
06/06/2012 |
06/06/2012 |
- |
Active |
NO |
|
10 |
U74999TZ2012PTC018364 |
NALS
OUTDOORS INDIA PRIVATE LIMITED |
Director |
13/06/2012 |
13/06/2012 |
- |
Active |
NO |
|
11 |
U51900KA2012PTC064409 |
.NATURA
ENERGY TRADING CORPORATION PRIVATE LIMITED |
Director |
15/06/2012 |
15/06/2012 |
- |
Active |
NO |
|
Name : |
Mr. Rajendran Joghee |
|
Designation : |
Whole Time Director |
|
Address : |
A-251, Prestige Ozone Vartur Road, White Field, Bangalore – 560066,
Karnataka, India |
|
Date of Birth/Age : |
04.06.1966 |
|
Date of Appointment : |
28.08.1998 |
|
DIN No.: |
02505486 |
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 |
U85110KA1998PTC024139 |
MILLTEC
MACHINERY PRIVATE LIMITED |
Whole-time
director |
28/08/1998 |
28/08/1998 |
Active |
NO |
|
2 |
U51211KA2002PTC031083 |
MILLTEC
OUTSOURCING PRIVATE LIMITED |
Director |
03/10/2002 |
03/10/2002 |
Active |
NO |
|
3 |
U02922KA2004PTC033993 |
MILLTEC
INDUSTRIES BANGALORE PRIVATE LIMITED |
Director |
23/06/2006 |
23/06/2006 |
Active |
NO |
|
4 |
U31100KA2009PTC049840 |
M.S.SORTERS
PRIVATE LIMITED |
Director |
29/09/2010 |
13/05/2009 |
Active |
NO |
|
5 |
U29242KA2010PTC052830 |
MTS
Industries Private Limited |
Director |
11/03/2010 |
11/03/2010 |
Strike
off |
NO |
|
6 |
U65923TZ2011PTC016739 |
BHOJAN
MICROFINANCE PRIVATE LIMITED |
Additional
director |
21/02/2011 |
21/02/2011 |
Active |
NO |
|
7 |
U40107KA2012PTC064264 |
NATURA
AGRO FUELS PRIVATE LIMITED |
Director |
06/06/2012 |
06/06/2012 |
Active |
NO |
|
8 |
U74999TZ2012PTC018364 |
NALS
OUTDOORS INDIA PRIVATE LIMITED |
Director |
13/06/2012 |
13/06/2012 |
Active |
NO |
|
9 |
U51900KA2012PTC064409 |
.NATURA
ENERGY TRADING CORPORATION PRIVATE LIMITED |
Director |
15/06/2012 |
15/06/2012 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 17.09.2012
|
Names of Shareholders |
No. of Shares |
|
Veluru Girinatha Prakash Fathers / Husband Name:- V. Chegalarayappa Address :- A-240, Prestige Ozone, Varthur Road, White Filed, Bangalore
– 560066, Karnataka, India |
600000 |
|
Ramaiah Ravindranath Fathers / Husband Name:- V Ramaiah Address :- A-253, Prestige Ozone Vartur Road, White Field, Bangalore –
560066, Karnataka, India |
600000 |
|
Rajendran Joghee Fathers / Husband Name:- B. M. Joghee Address :- A-251, Prestige Ozone Vartur Road, White Field, Bangalore –
560066, Karnataka, India |
600000 |
|
Veluru Ramanaiah Fathers / Husband Name:- V. Chengalarayappa Address :- 304, Krishna Jayanthi, 2nd Main, 9th
Cross, 3rd Phase, J.P. Nagar, Bangalore – 560078, Karnataka, India |
600000 |
|
B A Gayathri Devi Fathers / Husband Name:- V. Ramanaiah Address :- No.150, Dollars Layout, 3rd Cross, 7th
Main J P Nagar, Bangalore-560078, Karnataka, India |
150000 |
|
M Jyothi Rani Fathers / Husband Name:- V.G.N. Prakash Address :- A-240, Prestige Ozone, Varthur Road, White Filed, Bangalore
– 560066, Karnataka, India |
150000 |
|
Manujula Fathers / Husband Name:- J Rajendran Address :- A-251, Prestige Ozone Vartur Road, White Field, Bangalore –
560066, Karnataka, India |
150000 |
|
R. Uma Fathers / Husband Name:- R Ravindranath Address :- A-253, Prestige Ozone Vartur Road, White Field, Bangalore –
560066, Karnataka, India |
150000 |
|
TOTAL
|
3000000 |
AS ON 17.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Suppliers of Food Processing Machinery |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON : 31.03.2010)
|
Particulars |
Unit |
Actual
Production |
|
Star N-2 |
Nos. |
1008 |
|
Tiny N1 |
Nos. |
0 |
|
Stre |
Nos. |
0 |
|
TGRD2D |
Nos. |
33 |
|
TGRD4D |
Nos. |
25 |
|
TGRD6D |
Nos. |
1 |
|
Dest2DB , |
Nos. |
161 |
|
Husk |
Nos. |
0 |
|
Husk - millmore |
Nos. |
0 |
|
Huse |
Nos. |
118 |
|
HUSE - B 5T |
Nos. |
0 |
|
DE-HUSK B |
Nos. |
0 |
|
Mase-S |
Nos. |
1481 |
|
Mase-B |
Nos. |
16 |
|
PSEP - 48/4 |
Nos. |
0 |
|
PSEP - 60/5 |
Nos. |
12 |
|
Poly M |
Nos. |
0 |
|
Poly M2 |
Nos. |
81 |
|
Silk N-1 |
Nos. |
573 |
|
Silk N-2 |
Nos. |
12 |
|
Mega |
Nos. |
0 |
|
Mega N-1 |
Nos. |
111 |
|
GIGA |
Nos. |
3 |
|
Shel N-1 |
Nos. |
619 |
|
Shel 5T |
Nos. |
66 |
|
SIFT 1D |
Nos. |
4 |
|
SIFT 2D |
Nos. |
6 |
|
LGRD |
Nos. |
191 |
|
Clas2DB-DI |
Nos. |
10 |
|
Clas 2 DS |
Nos. |
0 |
|
Aspi 1000 |
Nos. |
0 |
|
Star-NS/S |
Nos. |
0 |
|
Aspi 1000 N1 |
Nos. |
57 |
|
silk n1/S |
Nos. |
0 |
|
SORT-B5 (Import) |
Nos. |
0 |
|
Shell-5T/S |
Nos. |
0 |
|
STAR-4T(final-MC) |
Nos. |
173 |
|
Shell-8T |
Nos. |
2 |
|
DEST-2DB-B |
Nos. |
0 |
|
Dhal Splitter |
Nos. |
0 |
|
Pulse Conditioner |
Nos. |
0 |
|
SCON-1D |
Nos. |
0 |
|
CLAS-2DB |
Nos. |
60 |
|
PNSG |
Nos. |
625 |
|
ELEV-250 |
Nos. |
73 |
|
ASPB BIG |
Nos. |
0 |
|
RECO |
Nos. |
1 |
|
BNDS |
Nos. |
825 |
|
FAN-All Types |
Nos. |
0 |
|
CYCL-All Types |
Nos. |
0 |
|
Aspi 1500 |
Nos. |
0 |
|
Aspi-small |
Nos. |
0 |
|
BNDS-Big |
Nos. |
121 |
|
Class-2db-B |
Nos. |
0 |
|
Class3DB |
Nos. |
14 |
|
LGRD-2dm |
Nos. |
27 |
|
PoiyM3 |
Nos. |
133 |
|
Silk 10T |
Nos. |
1 |
|
Tiny N2 |
Nos. |
75 |
|
PSEP-Drive Assy |
Nos. |
0 |
|
Middle plates |
Nos. |
0 |
|
VGM |
Nos. |
0 |
GENERAL INFORMATION
|
No. of Employees : |
50 (Approximately) (In Office + In Factory) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institutions : |
Sundaram Home Finance Limited, 21, Patullos Road, Chennai – 600 002,
Tamilnadu, India |
|
|
|
|
Auditors : |
|
|
Name : |
V.A. Venkatram and Company Chartered Accountants |
|
Address : |
37/A, 6th Main, 12th A Cross, 3rd
Phase, JP Nagar, |
|
Tel. No.: |
91-80-26589278 / 41211281 |
|
E-Mail : |
|
|
PAN No.: |
AAKPV5665L |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 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 |
30.000 |
30.000 |
30.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
344.278 |
250.588 |
176.517 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
374.278 |
280.588 |
206.517 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
3.892 |
4.941 |
|
|
TOTAL BORROWING |
0.000 |
3.892 |
4.941 |
|
|
DEFERRED TAX LIABILITIES |
0.404 |
0.112 |
0.504 |
|
|
|
|
|
|
|
|
TOTAL |
374.682 |
284.592 |
211.962 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
85.870 |
58.895 |
64.390 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
185.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
109.302
|
88.937
|
93.895
|
|
|
Sundry Debtors |
153.637
|
127.556
|
106.557
|
|
|
Cash & Bank Balances |
89.788
|
213.586
|
84.815
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
128.467
|
72.672
|
45.721
|
|
Total
Current Assets |
481.194
|
502.751 |
330.988 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
66.455
|
62.731
|
47.918
|
|
|
Other Current Liabilities |
211.664
|
140.157
|
93.475
|
|
|
Provisions |
99.363
|
74.282
|
42.155
|
|
Total
Current Liabilities |
377.482
|
277.170 |
183.548 |
|
|
Net Current Assets |
103.712
|
225.581
|
147.440
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.100 |
0.116 |
0.130 |
|
|
|
|
|
|
|
|
TOTAL |
374.682 |
284.592 |
211.962 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
1364.255 |
1170.847 |
839.443 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
1171.259 |
995.634 |
706.848 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
[Including Financial |
175.213 |
132.595 |
|
|
|
|
Expenses |
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
And |
1.309 |
2.107 |
|
|
|
|
Depreciation] |
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
173.904 |
130.488 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
8.667 |
10.207 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX (E-F) (G) |
192.996 |
165.237 |
120.281 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
64.324 |
56.068 |
41.501 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
128.672 |
109.169 |
78.780 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
11.000 |
8.000 |
|
|
|
Dividend |
30.000 |
30.000 |
22.500 |
|
|
|
Tax on Dividend |
4.982 |
5.099 |
3.823 |
|
|
BALANCE CARRIED
TO THE B/S |
314.427 |
233.738 |
170.666 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
42.89 |
36.38 |
26.26 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
9.43
|
9.32 |
9.38
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
34.03
|
29.42 |
30.42
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.52
|
0.59 |
0.58
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.01
|
1.00 |
0.91
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27
|
1.81 |
1.80
|
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 |
Yes |
|
12] |
Profitability for last
three 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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
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 |
No |
|
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 |
No |
BUSINESS OPERATIONS – OVERVIEW AND OUTLOOK
The Company was able
to show good performance during the year and the company is in the process of
expanding its operations and Directors felt that the future prospects of the
company are bright.
FIXED ASSETS
- Computer and
Printer
- Furniture and
Fixtures
- Cycle
- Plant and
Machinery
- UPS Systems
- Electrical
Equipments
- Factory
Equipments
- Tools and
Patterns
- Office
Equipments
- Vehicles
- Motor Car
- Generator
- Factory Land
- Property at
235R
- Factory
Building
- Security
Systems
- Technical
Know-how
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] 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. 55.08 |
|
|
1 |
Rs. 89.53 |
|
Euro |
1 |
Rs. 72.77 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
50 |
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.