MIRA
INFORM REPORT
|
Report Date : |
27.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
PEREGRINE TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
Unit No. 138, Building No. 1, New Sonal Link Industrial Estate, Link
Road, Malad (West), Mumbai-400064, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
28.10.1998 |
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Com. Reg. No.: |
11-116977 |
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Capital
Investment / Paid-up Capital : |
6000 Euro |
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CIN No.: [Company Identification
No.] |
U29199MH1998PTC116977 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP10947G MUMP18462D MUMP16869G |
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PAN No.: [Permanent Account No.] |
AAACP9619H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Valves. |
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No. of Employees
: |
20 [Approximately] |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (43) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
Euro 13173200 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small 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 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered / Sales Office : |
Unit No. 138, Building No. 1, New Sonal Link Industrial Estate, Link
Road, Malad (West), Mumbai-400064, Maharashtra, India |
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Tel. No.: |
91-22-28821497/66924767 |
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Fax No.: |
91-22-66924767/28449430 |
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E-Mail : |
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Website: |
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Factory: |
Unit 9E and 9F, Poonam Industrial Estate, Suncity Industrial Park, Village
Padgha, Palghar (East), District Thane-401404, Maharashtra, India |
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Tel. No.: |
91-2525-313004 |
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Email: |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Sanjay Saha |
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Designation : |
Managing Director |
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Address : |
N 203, Phase III, Bhoomi Park, Jankalyan Nagar, Malad (West),
Mumbai-400095, Maharashtra, India |
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Date of Birth/Age : |
07.06.1966 |
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Date of Appointment : |
29.10.1998 |
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Din No.: |
00330685 |
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Name : |
Mrs. Sulipi Sanjay Saha |
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Designation : |
Director |
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Address : |
N 203, Phase III, Bhoomi Park, Jankalyan Nagar, Malad (West),
Mumbai-400095, Maharashtra, India |
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Date of Birth/Age : |
31.01.1973 |
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Date of Appointment : |
04.01.2005 |
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Din No.: |
00330854 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
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No. of Shares |
|
Sanjay Saha |
|
31000 |
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Sulipi Sanjay Saha |
|
9000 |
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TOTAL |
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40000 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
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Category |
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Valves. |
GENERAL INFORMATION
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No. of Employees : |
20 [Approximately] |
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Bankers : |
Bank of India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
J M Tiwari and Company Chartered Accountants |
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Address : |
B-104, Rajendra Vihar, Evershine Nagar, Malad (West), Mumbai-400064,
Maharashtra, India |
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Mobile No.: |
91-9820496297 |
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E-Mail : |
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Pan No.: |
AABPT5949G |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40000 |
Equity Shares |
0.15 Euro each |
6000 Euro |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40000 |
Equity Shares |
0.15 Euro each |
6000 Euro |
FINANCIAL DATA
[all figures are
in Euro]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
6000 |
6000 |
6000 |
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2] Share Application Money |
000 |
000 |
000 |
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3] Reserves & Surplus |
59866 |
43015 |
27426 |
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4] (Accumulated Losses) |
000 |
000 |
000 |
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NETWORTH |
65866 |
49015 |
33426 |
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LOAN FUNDS |
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1] Secured Loans |
5500 |
6810 |
2091 |
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2] Unsecured Loans |
5429 |
4257 |
4797 |
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TOTAL BORROWING |
10929 |
11067 |
6888 |
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DEFERRED TAX LIABILITIES |
1751 |
1720 |
890 |
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TOTAL |
78546 |
61802 |
41204 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
44483 |
36835 |
12958 |
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Capital work-in-progress |
000 |
000 |
000 |
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INVESTMENT |
000 |
000 |
76 |
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DEFERREX TAX ASSETS |
000 |
000 |
000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
35376
|
22562 |
20295 |
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Sundry Debtors |
10919
|
13034 |
1232 |
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Cash & Bank Balances |
33357
|
10900 |
31160 |
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Other Current Assets |
1901
|
1747 |
000 |
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Loans & Advances |
8630
|
14530 |
17130 |
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Total
Current Assets |
90183
|
62773 |
69817 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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Other Current Liabilities |
48274
|
21904 |
32032 |
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Provisions |
7692
|
15748 |
9461 |
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Total
Current Liabilities |
55966
|
37652 |
41493 |
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Net Current Assets |
34217
|
25121 |
28324 |
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MISCELLANEOUS EXPENSES |
000 |
000 |
000 |
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OTHERS |
(154) |
(154) |
(154) |
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TOTAL |
78546 |
61802 |
41204 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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GROSS REVENUE |
239042 |
199606 |
110072 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
33112 |
28136 |
12545 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
8555 |
5430 |
570 |
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PROFIT BEFORE
TAX |
24557 |
22706 |
11975 |
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Less |
TAX |
7707 |
7117 |
4956 |
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PROFIT AFTER TAX
|
16850 |
15589 |
7019 |
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EARNINGS IN
FOREIGN CURRENCY |
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Export Earnings |
2762 |
6223 |
NA |
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IMPORTS |
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Raw Materials |
97032 |
86402 |
NA |
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Earnings Per
Share (Euro) |
421.25 |
389.73 |
175.47 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.23
|
22.80 |
14.47 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.37
|
0.46 |
0.36 |
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Debt Equity Ratio (Total Liability/Networth) |
|
1.02
|
0.99 |
1.45 |
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Current Ratio (Current Asset/Current Liability) |
|
1.61
|
1.67 |
1.68 |
LOCAL AGENCY FURTHER INFORMATION
GENERAL SENARIO:
Economic growth in
financial year 2010-11 has been swift and broad based. Engineering Industry has
been experiencing an encouraging growth leading to increasing interest shown by
domestic as well as foreign investors. The Indian government has taken
initiatives to develop various sectors.
PERFORMANCE AND
FUTURE PROPECTS
Company could
achieve 16% growth in Sales Turnover and bagged some major orders which
resulted in healthy backlog of order book. In view of this and as per expansion
plan the new factory at Palghar was put 100% functional. Which again
contributed to good bottom-line as operational cost of the new factory was kept
under control.
FIXED ASSETS:
·
Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Office Equipments
·
Mobile Phone
·
Coffee and Tea Machine
·
Air Conditioner
·
Tools
·
Electrical Installation
WEBSITE DETAILS:
PROFILE:
Subject since its inception, has been providing Actuation Solutions…especially those involving the ‘Final Control Element’ in a Process Control Loop.
They possess the experience and expertise to select the right Actuator and
associated accessories and adapt them for optimal operation of the valve-which
is the de-facto ‘Final Control Element’ in a Process Control Loop.
Valve Actuation, Actuators, their optimal selection is a complex process
involving several variables and factors
Peregrine Technologies offers Actuation solutions based on the following 3 categories
· Pneumatic Actuators
· Electric Actuators
· Electro-hydraulic Actuators
Each category of Actuators listed above possesses qualities and characteristics
unique to its variety. Technical depth, experience and a clear analysis of the
application is necessary for the correct selection.
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.50.02 |
|
|
1 |
Rs.78.05 |
|
Euro |
1 |
Rs.65.13 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
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.