1. Summary Information
|
|
|
Country |
India |
|
Company Name |
RUDRALI HITECH TOOLS PRIVATE LIMITED |
Principal Name 1 |
Mr. Sanjay Shivkumar Gupta |
|
Status |
Moderate |
Principal Name 2 |
Mr. Alok Arvindkumar Gupta |
|
|
|
Registration # |
11-018837 |
|
Street Address |
E – 94, M.I.D.C., Akkalkot Road, Solapur – 413 006, Maharashtra, India
|
||
|
Established Date |
28.01.2004 |
SIC Code |
- |
|
Telephone# |
91-217-2651709 / 2652634 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-217-2652643 / 2653847 |
Business Style 2 |
- |
|
Homepage |
Product Name 1 |
High Precision Diamond |
|
|
# of employees |
Not Available |
Product Name 2 |
Carbide |
|
Paid up capital |
Rs.1,000,000/- |
Product Name 3 |
PCD and CBN |
|
Shareholders |
Directors or Relatives of Directors –100% |
Banking |
Bank of India |
|
Public Limited Corp. |
No |
Business Period |
8 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
7,358,000 |
Current Liabilities |
7,851,000 |
|
Inventories |
7,782,000 |
Long-term Liabilities |
16,477,000 |
|
Fixed Assets |
20,340,000 |
Other Liabilities |
2,443,000 |
|
Deferred Assets |
0.000 |
Total Liabilities |
26,771,000 |
|
Invest& other Assets |
9,000 |
Retained Earnings |
7,718,000 |
|
|
|
Net Worth |
8,718,000 |
|
Total Assets |
35,489,000 |
Total Liab. & Equity |
35,489,000 |
|
Total Assets (Previous Year) |
27,649,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
23,094,000 |
Net Profit |
2,038,000 |
|
Sales(Previous yr) |
16,171,000 |
Net Profit(Prev.yr) |
1,360,000 |
MIRA
INFORM REPORT
|
Report Date : |
16.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
RUDRALI HITECH TOOLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E – 94, M.I.D.C., Akkalkot Road, Solapur – 413 006, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.01.2004 |
|
|
|
|
Com. Reg. No.: |
11-018837 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29224PN2004PTC018837 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of High Precision Diamond, Carbide, PCD and CBN. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 34000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
Management have failed to file its latest financial with the government
department. As per previous year’s, the performance seems to be satisfactory.
Trade relations are reported to be fair. Business is active. Payments are
reported to be unknown. The company can be considered for 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 – 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.
INFORMATION PARTED BY
|
Name : |
Mr. Ashok |
|
Designation : |
Accountant |
|
Contact No.: |
91-217-2651709 |
|
Date : |
15.04.2013 |
LOCATIONS
|
Registered Office / Factory : |
E – 94, M.I.D.C., |
|
Tel. No.: |
91-217-2651709 / 2652634 |
|
Mobile No.: |
91-98220 92660 (Mr. Sanjay Gupta) 91-88888 07061 (Mr. Alok Gupta) 91-88888 07062 (Mr. Amit Gupta) |
|
Fax No.: |
91-217-2652643 / 2653847 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Alok Arvindkumar Gupta |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
2B, Chintamani Apartmenty, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.02.1961 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.01.2004 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00075449 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Amit Mahesh Gupta |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
7 Suparna Apartment, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.03.1976 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.01.2004 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00075500 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Preeti Sanjay Gupta |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
25, Antrolikar Nagar No.3, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.10.1967 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.01.2004 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00075514 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Deepshikha Alok Gupta |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
2B, Chintamani Apartment, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.03.1966 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.02.2006 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00075584 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanjay Shivkumar Gupta |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
25, Antrolikar Nagar No.3, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.09.1965 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.01.2004 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00090787 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ashok |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Shivkumar Gupta |
|
46000 |
|
Alok Arvindkumar Gupta |
|
34500 |
|
Amit Mahesh Gupta |
|
14000 |
|
Preeti Sanjay Gupta |
|
5000 |
|
Deepshikha Alok Gupta |
|
500 |
|
Total |
|
100000 |
As on 31.03.2012
|
Names of Allottee |
|
No. of Shares
Allotted |
|
Alok Arvindkumar Gupta |
|
138000 |
|
Deepshikha Alok Gupta |
|
2000 |
|
Amit Mahesh Gupta |
|
56000 |
|
Preeti Sanjay Gupta |
|
20000 |
|
Sanjay Shivkumar Gupta |
|
184000 |
|
Total |
|
400000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of High Precision Diamond, Carbide, PCD and CBN. |
|
|
|
|
Products : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash /Credit |
|
|
|
|
Purchasing : |
Cash /Credit |
GENERAL INFORMATION
|
Suppliers : |
· A G Screen · Ajinkya Industries · Apex Electro System · Armatech Associates · Associated Technocarts Private Limited · Atul Kulkarni · Bombay Engineers · Cali Mic Impex · Chandrakant Shah and Sons, Mumbai · Classic Ball Company Jaipur · Damuka Kostka · DHL Express India Private Limited · Durgesh Tube India · Elca Quality Systems and Calibrations Private Limited · Electronica Tough Carb Limited. · Fakhri Iron and Steel Mart, Mumbai · Federal Express Coporation (Import) · Federal Express Corporation, Mumbai · First Flight Courier Limited · Guhring India Private Limited · Just Load Express Logistics · K.K. Cargo Movers · Kranti Metallurgy Private Limited · Kwality Ball Company, Jaipur · Mega Tech Computer System and Services ·
Mega Vision Computer Services |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
Wholesalers Retailer and End Users · Accutech Engineers Private Limited · AGRA CHAINS Private Limited · Agra Machine Tools Private Limited, Agra · Anand Exports · ASIAN STAR Company Limited, Surat · Aurangabad Electricals Limited Plant III · Auro Manufacturing Private Limited · Derewala Jewellery Industry Private Limited · DGC Automotive Private Limited · Dynamic Tools · Endurance Technologies Limited (B - 20) Khed · Endurance Technologies Limited (Die Casting) · Endurance Technologies Limited (Gat No. 416) · Endurance Technologies Limited (Pantnagar) · Endurance Tecnologies Limited - B-1/2 and B 1/3 · Ganapati Engineering · Hmt Watches Limited · Indo Pistons Industries · J B and Brothers Private Limited · Joma Industries ·
Kama Schachter Jewelry Private Limited ·
Kirloskar Ferrous India Limited ·
Menon Engineering Services ·
Menon Pistons Limited - Unit -1 |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
CC.TL Rs. 30.000 Millions (From
Bank of India) (Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dilip S. Sapatnekar and Company Chartered Accountants |
|
Address : |
Nath Pride, Civil Lines, Solapur – 413 003, |
|
PAN.: |
ADQPS7106L |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000
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 |
1.000 |
1.000 |
1.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
7.718 |
5.732 |
4.372 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
8.718 |
6.732 |
5.372 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
7.750 |
7.664 |
2.402 |
|
|
2] Unsecured Loans |
8.727 |
4.515 |
0.679 |
|
|
TOTAL BORROWING |
16.477 |
12.179 |
3.081 |
|
|
DEFERRED TAX LIABILITIES |
0.380 |
0.136 |
0.084 |
|
|
|
|
|
|
|
|
TOTAL |
25.575 |
19.047 |
8.537 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
20.340 |
18.505 |
8.685 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.782
|
4.890 |
3.712 |
|
|
Sundry Debtors |
4.941
|
1.105 |
0.573 |
|
|
Cash & Bank Balances |
0.292
|
0.098 |
0.191 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
2.125
|
3.039 |
2.463 |
|
Total
Current Assets |
15.140
|
9.132 |
6.939 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6.155
|
4.753 |
4.466 |
|
|
Other Current Liabilities |
1.696
|
1.333 |
0.703 |
|
|
Provisions |
2.063
|
2.516 |
1.933 |
|
Total
Current Liabilities |
9.914
|
8.602 |
7.102 |
|
|
Net Current Assets |
5.226
|
0.530 |
(0.163) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.009 |
0.012 |
0.015 |
|
|
|
|
|
|
|
|
TOTAL |
25.575 |
19.047 |
8.537 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
23.094 |
16.171 |
18.353 |
|
|
|
Other Income |
2.988 |
0.025 |
0.436 |
|
|
|
TOTAL (A) |
26.082 |
16.196 |
18.789 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
8.584 |
10.451 |
|
|
|
Manufacturing Expenses |
|
1.796 |
1.740 |
|
|
|
Administrative & Selling Expenses |
|
3.095 |
3.205 |
|
|
|
Increased / Deceased in stocks |
|
(1.178) |
(0.971) |
|
|
|
TOTAL (B) |
20.334 |
12.297 |
14.425 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
Including
Financial Expenses |
3.899 |
4.364 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.679 |
0.263 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.748 |
3.220 |
4.101 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.821 |
1.247 |
0.983 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.927 |
1.973 |
3.118 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.889 |
0.613 |
0.940 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.038 |
1.360 |
2.178 |
|
|
|
|
|
|
|
|
|
Less |
Adjustment for previous years’ figures for taxes and others |
0.052 |
0.000 |
0.000 |
|
|
|
BALANCE CARRIED
TO THE B/S |
1.986 |
1.360 |
2.178 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
20.38 |
13.60 |
21.78 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
43.000 |
The above information has been parted by Mr. Ashok
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.81
|
8.40 |
11.59 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.67
|
11.80 |
16.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.25
|
7.14 |
19.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.29 |
0.58 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.89
|
1.81 |
0.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.53
|
1.06 |
0.98 |
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
Note:
The registered office of the company has been shifted from Plot No.203,
M.I.D.C., Akkalkot Road, Solapur – 413 006, Maharashtra, India to present
address w.e.f. 02.08.2010
FINANCIAL RESULTS
During the year the company posted a Sales of Rs. 23.100 Millions as against Rs. 16.100 Millions for the last year approximately increase of 43% as compared to last years figures showing remarkable results for the year 2010-11.
After meeting all expenses the company posted a profit of Rs. 2.927 Millions before tax. Provision of tax made at Rs. 0.645 Million. This result reveal the great achievement in these competitive scenario.
The directors are sincerely looking forward to keep consistency in such progressive results in years to come.
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2011 |
As
on 31.03.2010 |
|
From Directors |
8.727 |
4.515 |
|
Total |
8.727 |
4.515 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U29224PN2004PTC018837 |
|
Name of the
company |
RUDRALI HITECH TOOLS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
E-94, Midc,
Akkalkot Road, Solapur – 413006, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
90093097 |
|
Type of charge |
· Immovable property · Book debts · Movable property (not being pledge) |
|
Particular of
charge holder |
Bank of |
|
Nature of
instrument creating charge |
Hypothecation cum
Loan agreement |
|
Date of
instrument Creating the charge |
30/03/2012 |
|
Amount secured by
the charge |
28,200 |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest 1) Term Loan:
3.50% above base rate plus 0.75% tenor premium effective 15% p.a. 2) EPC and
FBP / FBN DP: At applicable rates presently 12.25%. CC : 3.50% above base rate
eff 14.25% p.a. monthly rest Terms of Repayment Old Term Loan
Rs.4.200 Millions : 70 monthly EMI of Rs. 86271 each New Term Loan:
Rs.14.000 Millions: 80 EMI of Rs. 175000 plus interest as and when applied
commencing from August 2012.Interest during the moratorium period to be
serviced. EPC, FBP /FBN -
DP : On demand (Renewable) Cash Credit : On
demand (Renewable) Margin Old Term Loan :
Rs. 2.841 Millions New Term Loan :
Rs. 2.893 Millions EPC : 25%; FBP /
FBN DP - 25% Cash Credit : 25%
on stocks and 40% on book debts Bank Guarantee :
25% on TDR Extent and Operation of the charge Charge will be
operated till the loan is repaid in full alongwith interest and charges
thereon. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
Plant and machinery PCD Tools, 4 Axis Milling machine, Later, CCD laser
micrometer etc. Hypothecation of Stock and book debts. Equitable mortgage of land and building
situated at Plot No E-94 MIDC Akkalkot Road Solapur admeasuring 2450 sq.
mtrs. |
|
Particulars of
the present modification |
New Term Loan of
Rs. 14.000 Millions, Working Capital Limit extended by Rs. 5.000 Millions,
Bank Guarantee extended by Rs. 0.500 Million. Existing Term Loan reduced to
Rs. 4.200 Millions. Hence total Limit extended to Rs. 28.200 Millions. |
TRADE REFERENCES
· A G Screen
· Apex Electro System
· Indo Pistons Industries
· Ganapati Engineering
FIXED ASSETS:
- Furniture and
Office Equipments
- Air
Conditioner
- Electrical
Fitting and Fixtures
- Motor Car
- Vehicles
- Plant and
Machinery
- Computer
- Building
- Land – Leased
( 74 Years)
- Tools and
Equipments
- Building
Construction (New)
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] 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.54.63 |
|
|
1 |
Rs.83.70 |
|
Euro |
1 |
Rs.71.42 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.