MIRA
INFORM REPORT
|
Report Date : |
03.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
TECHNAREN STANZEREI PRIVATE LIMITED |
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|
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Registered
Office : |
6/7, Jyoti Industrial Estate, Opposite Noorbaba Darga, Thane (West),
Thane-400601, |
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Country : |
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Financials (as
on) : |
31.03.2011 (Profit and Loss Account) |
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Date of
Incorporation : |
22.04.2010 |
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Com. Reg. No.: |
11-202274 |
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Capital
Investment / Paid-up Capital : |
Rs. 7.500 Millions |
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CIN No.: [Company Identification
No.] |
U29253MH2010PTC202274 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNET07978F |
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PAN No.: [Permanent Account No.] |
AADCT4299A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Supplier of Sheet Metal and Fabrications. |
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No. of Employees
: |
35 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company having moderate track. It’s
scale of activities are finite. The company has incurred some loss during the
year. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow. The company can be considered for small to mediocre business dealings
with some caution. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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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 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Rane |
|
Designation : |
Account Officers |
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Contact No.: |
91-9619864705 |
|
Date : |
02.07.2012 |
LOCATIONS
|
Registered Office : |
6/7, Jyoti Industrial Estate, Opposite Noorbaba Darga, Thane (West),
Thane-400601, Maharashtra, India |
|
Tel. No.: |
91-22-25412503 |
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Mobile No.: |
91-9821139952 (Mr. Narendra) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Factory : |
Plot No.R-569, TTC Industrial Area, Rabale, Navi Mumbai, Maharashtra,
India |
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Tel. No.: |
91-22-27641706 |
|
Location : |
Rented |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Narendra Harishchandra Shelar |
|
Designation : |
Director |
|
Address : |
204, Maitri Daffodil, Maitri Garden Garden Pokharan Road-2,
Thane-400601, Maharashtra, India |
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Date of Birth/Age : |
29.04.1967 |
|
Date of Appointment : |
22.04.2010 |
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DIN No.: |
02679739 |
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 |
U74900MH2009PTC194321 |
SILENTIUM
PRODUCTIONS PRIVATE LIMITED |
Director |
23-07-09 |
23-07-09 |
Active |
NO |
|
2 |
U29253MH2010PTC202274 |
TECHNAREN
STANZEREI PRIVATE LIMITED |
Director |
22-04-10 |
22-04-10 |
Active |
NO |
|
Name : |
Mrs. Neha Rajendra Shelar |
|
Designation : |
Director |
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Address : |
204, Maitri Daffodil, Maitri Garden Garden Pokharan Road-2,
Thane-400601, Maharashtra, India |
|
Date of Birth/Age : |
28.04.1970 |
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Date of Appointment : |
22.04.2010 |
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DIN No.: |
02947083 |
KEY EXECUTIVES
|
Name : |
Mr. Rane |
|
Designation : |
Account Officers |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Narendra Harishchandra Shelar |
725000 |
|
Neha Rajendra Shelar |
25000 |
|
TOTAL |
750000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Sheet Metal and Fabrications. |
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Imports : |
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Products : |
Machinery |
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Countries : |
Germany |
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Terms : |
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Selling : |
Credit (60 Days) |
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Purchasing : |
Credit (30 Days) |
GENERAL INFORMATION
|
Suppliers : |
·
Hardware Services
|
|
|
|
|
Customers : |
Manufacturer ·
Prathibha Electronic ·
Ashida Electronics |
|
|
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No. of Employees : |
35 (Approximately) |
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Bankers : |
Punjab National Bank, Vashi, Sector-1, Navi Mumbai-400703,
Maharashtra, India |
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Facilities : |
Cash Credit Limit Rs. 7.500 Millions |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
N. R. Gala and Associates Chartered Accountants |
|
Address : |
India |
CAPITAL STRUCTURE
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500
Millions |
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|
|
|
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
NOT AVAILABLE
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
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SALES |
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Income |
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Other Income |
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TOTAL |
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3.359 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
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4.425 |
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PROFIT / (LOSS) BEFORE TAX |
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(1.066) |
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Less |
TAX |
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0.625 |
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PROFIT / (LOSS)
AFTER TAX |
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(1.691) |
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Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
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|
3.358 |
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Expected Sales (2012-2013) : Rs. 10.000 Millions.
The above information has been parted by Mr. Rane.
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
PAT / Total Income |
(%) |
|
|
(50.34) |
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LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
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2. Locality of the firm |
Yes |
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3. Constructions of the firm |
Yes |
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4. Premises details |
No |
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5. Type of Business |
Yes |
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6. Line of Business |
Yes |
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7. Promoter’s background |
Yes |
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8. No. of Employees |
Yes |
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9. Name of person contacted |
Yes |
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10. Designation of contact person |
Yes |
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11. Turnover of firm for last two years |
Yes |
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12. Profitability for last one years |
Yes |
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13. Reasons for variation <> 20% |
------- |
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14. Estimation for coming financial year |
Yes |
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15. Capital in the business |
Yes |
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16. Details of sister concerns |
No |
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17. Major suppliers |
Yes |
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18. Major customers |
Yes |
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19. Payments terms |
Yes |
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20. Export / Import details |
Yes |
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21. Market information |
------ |
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22. Litigations that the firm / promoter involved |
------ |
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23. Banking Details |
Yes |
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24. Banking facility details |
Yes |
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25. Conduct of the banking account |
------ |
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26. Buyer visit details |
------ |
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27. Financials, if provided |
Yes |
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28. Incorporation details, if applicable |
Yes |
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29. Last accounts filed at ROC |
Yes |
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30. Major Shareholders, if available |
Yes |
FORM 8
|
Corporate
identity number of the company |
U29253MH2010PTC202274 |
|
Name of the
company |
TECHNAREN
STANZEREI PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
6/7, Jyoti Industrial Estate, Opposite Noorbaba Darga, Thane (West), Thane-400601, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10257987 |
|
Type of charge |
Book debts Movable property
(not being pledge) Others |
|
Particular of
charge holder |
Punjab National Bank, Vashi, Sector-1, Navi Mumbai-400703, Maharashtra, India |
|
Nature of
instrument creating charge |
Hypothecation of
Goods And Book Debts To Secure Cash Credit Facility For Rs.7.500 Millions Term Loan
Agreement For Rs.45.500 Millions (Both The Above
Documents Constitute Single Charge of Rs.53.000 Millions) |
|
Date of
instrument Creating the charge |
24.12.2010 |
|
Amount secured by
the charge |
Rs. 53.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest CC -14%
P.A.(Subject To Change From Time To Time) TL- 14%
P.A.(Subject To Change From Time To Time) Terms of repayment Working capital
facilities are subject to renewal at every annu. Term loan shall
be repaid in 84 installments. Margin Stocks 25% Book
Debts 40% Extent and operation of the charge Rs.53.000
Millions plus interest, cost, penalty if any and operation of charge on plant
and machineries and immovable properties as mentioned in schedule i , ii and
iii with terms and conditions and
entire hypothecated assets including book debts and stocks. |
|
Short particulars
of the property charged (Including location of the property) |
Plant and
Machineries and Immovable Properties As Mentioned In Schedule I , Ii and
Iii With Terms and Conditions. Entire
Hypothecated Assets Including Book Debts and Stocks. |
|
Whether any of
the property or interest therein under reference is not registered in the
name of the company. |
Yes |
|
If yes, in whose
name it is registers |
Guarantors As
Listed In The Documents |
|
Particulars of
the present modification |
By This
Submission of Modification, The Company Has Created and Extended Charge on Plant And Machineries
and on Immovable Properties As
Mentioned In Schedule I , Ii and Iii
With Terms and Conditions and on
Entire Hypothecated Assets Including Book Debts And Stocks to Secure
Bank For Rs.53.000 millions ( Enhanced) |
TRADE REFERENCES
·
Prathibha Electronic
·
Ashida Electronics
·
Hardware Services
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. 55.83 |
|
|
1 |
Rs. 87.40 |
|
Euro |
1 |
Rs. 70.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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.