|
Report Date : |
30.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
M M ENVIRO PROJECTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Akansha Arcade, Plot No. 1 A, KDK Collage Road, Nandanvan, Nagpur –
440009, Maharashtra |
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|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2011 |
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|
|
|
Date of
Incorporation : |
07.07.2003 |
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|
|
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Com. Reg. No.: |
11-141200 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.0.390 Million |
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CIN No.: [Company Identification
No.] |
U29100MH2003PTC141200 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Providing consultancy services for the Water and Wastewater Treatment Plants.
The services include design, detail engineering, supervision and
commissioning of projects. |
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|
|
|
No. of Employees
: |
48 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 70000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track records.
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. Profit and Loss of the company is not available. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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.
INFORMATION PARTED BY (General Details)
|
Name : |
Mr. Mahendra |
|
Designation : |
Director |
|
Contact No.: |
91-9422112183 |
|
Date : |
28.07.2012 |
LOCATIONS
|
Registered Office : |
Akansha Arcade, Plot No. 1 A, KDK Collage Road, Nandanvan, Nagpur –
440009, Maharashtra, India |
|
Tel. No.: |
91-712-2714960 |
|
Fax No.: |
91-712-2714968 |
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E-Mail : |
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|
Website : |
DIRECTORS
AS ON 29.09.2011
|
Name : |
Mr. Prashant Purushottam Rukmangad |
|
Designation : |
Director |
|
Address : |
247, Ram Nagar, Nagpur – 440010, Maharashtra, India |
|
Date of Birth/Age : |
46 Years |
|
Qualification : |
M Tech |
|
Date of Appointment : |
29.09.2007 |
|
DIN No.: |
01312862 |
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Voter ID : |
GSF2208478 |
|
|
|
|
Name : |
Mr. Mahendra Sharadchandra Mulkalwar |
|
Designation : |
Director |
|
Address : |
F No. MG3, P/No – B3 – B/9, Manisha Apartment, Shareerang Layout,
Vishwakarma Nagar, Nagpur – 440008, Maharashtra, India |
|
Date of Birth/Age : |
43 Years |
|
Qualification : |
M Tech |
|
Date of Appointment : |
07.07.2003 |
|
DIN No.: |
01314262 |
|
Voter ID : |
AIF1393321 |
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|
|
|
Name : |
Mr. Rishabh Meghrajji Modi |
|
Designation : |
Director |
|
Address : |
F/ No. 105, Anand Palace, Surya Nagar Chowk, Nagpur – 440027,
Maharashtra, India |
|
Date of Birth/Age : |
44 Years |
|
Qualification : |
M Tech |
|
Date of Appointment : |
07.07.2003 |
|
DIN No.: |
01313943 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
|
Names of Shareholders |
No. of Shares |
|
Mahendra Mulkalwar |
15000 |
|
Rishabh Modi |
15000 |
|
Prashant P Rukmangad |
9000 |
|
Total |
39000 |
AS ON 29.09.2011
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing consultancy services for the Water and Wastewater Treatment
Plants. The services include design, detail engineering, supervision and
commissioning of projects. |
|
|
|
|
Exports : |
|
|
Products : |
·
Design ·
Detail engineering ·
Supervision and commissioning of projects |
|
Countries : |
·
Uganda ·
Philippines ·
Indonesia ·
Sri Lanka |
|
|
|
|
Terms : |
|
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Selling : |
L/C |
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|
|
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Purchasing : |
L/C |
GENERAL INFORMATION
|
Customers : |
Industries |
|
|
|
|
No. of Employees : |
48 (Approximately) |
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|
|
|
Bankers : |
·
Shikshak Sahakari Bank Limited ·
Bank of India ·
Nirmal Urban Co-operative Bank ·
Union Bank of India |
|
|
|
|
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
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|
Name : |
Vilas Kulkarni and Associates Chartered Accountants |
|
Address : |
98, Madhusudan Apartment, Pandey Layout, Khamla, Nagpur – 440025,
Maharashtra, India |
|
PAN No.: |
AFLRK0233R |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Equity Share |
Rs.10/- each |
Rs. 0.400 Million |
|
10000 |
Preference Shares |
Rs.10/- each |
Rs. 0.100 Million |
|
|
Total |
|
Rs. 0.500
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
39000 |
Equity Share |
Rs.10/- each |
Rs. 0.390
Million |
|
|
|
|
|
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 |
0.390 |
0.390 |
0.390 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
18.784 |
14.526 |
7.228 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
19.174 |
14.916 |
7.618 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
19.174 |
14.916 |
7.618 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.900 |
0.700 |
0.824 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.820 |
1.019 |
1.019 |
|
|
DEFERREX TAX ASSETS |
0.514 |
0.248 |
0.195 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
19.563
|
5.946 |
3.527 |
|
|
Sundry Debtors |
60.312
|
61.317 |
26.586 |
|
|
Cash & Bank Balances |
16.905
|
22.342 |
11.935 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
5.755
|
8.756 |
5.863 |
|
Total
Current Assets |
102.535
|
98.361 |
47.911 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
36.956
|
45.456 |
17.413 |
|
|
Other Current Liabilities |
48.639
|
39.956 |
24.918 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
85.595
|
85.412 |
42.331 |
|
|
Net Current Assets |
16.940
|
12.949 |
5.580 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
19.174 |
14.916 |
7.618 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.46
|
5.73 |
5.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20
|
1.15 |
1.13 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry
Creditors |
36.956
|
45.456 |
17.413 |
|
|
|
|
|
|
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 |
Yes |
|
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 |
Yes |
|
10] |
Designation
of contact person |
Yes |
|
11] |
Turnover of
firm for last three years |
No |
|
12] |
Profitability
for last three years |
No |
|
13] |
Reasons for
variation <> 20% |
-- |
|
14] |
Estimation
for coming financial year |
No |
|
15] |
Capital in
the business |
Yes |
|
16] |
Details of
sister concerns |
No |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
No |
|
19] |
Payments
terms |
Yes |
|
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 |
No |
|
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] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
32] |
Passport No
of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No
of Proprietor/Partner/Director, if available |
Yes |
FIXED ASSETS
·
Computer and Printer
·
Plotter
·
Software
·
Inventors and UPS
·
Office Equipments
·
Mobile
·
Plant and Machinery
·
Furniture and Fixture
·
Vehicle
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] 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. 55.41 |
|
|
1 |
Rs. 86.93 |
|
Euro |
1 |
Rs. 68.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
|
46 |
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.