MIRA
INFORM REPORT
|
Report Date : |
22.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRANTER INDIA PRIVATE LIMITED (w.e.f. 2009) |
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|
|
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Formerly Known
As : |
ALTRA INDUSTRIAL PRODUCTS PRIVATE LIMITED |
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Registered
Office : |
Gat No. 127 and 128, Dingrajwadi, Taluka-Shirur, Pune-412208, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.12.2011 |
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Date of
Incorporation : |
09.11.2005 |
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Com. Reg. No.: |
11-021523 |
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Capital
Investment / Paid-up Capital : |
Rs. 30.100 millions |
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CIN No.: [Company Identification
No.] |
U29299PN2005PTC021523 |
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IEC No.: |
3105022317 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA07579F |
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PAN No.: [Permanent Account No.] |
AAFCA4598P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Industrial Heat Exchangers, Plate and
Frame Heat Exchangers. |
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|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 480000 |
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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 subsidiary of “PHE HOLDING AB SWEDEN”. It is a well established company having a satisfactory track record.
The profitability of the company appears to be low. The external borrowing
seems to be huge. However, the company gets strong managerial and financial support from
its holding companies. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitment. In view of experience promoters, the can be considered for normal
business dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
AA (Long term rating) |
|
Rating Explanation |
Having high degree of safety regarding timely servicing of financial
obligation. It carry very low credit risk. |
|
Date |
April, 2013 |
Note: Crisil has rated the subject company as AA taking into
consideration the position of its holding companies.
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 (GENERAL DETAILS)
|
Name : |
Mr. Prasanna |
|
Designation : |
Accountant |
|
Contact No.: |
91-9373294572 |
|
Date : |
19.04.2013 |
LOCATIONS
|
Registered Office / Factory : |
Gat No. 127 and 128, Dingrajwadi, Taluka Shirur, Pune-412208, |
|
Tel. No.: |
91-2137-292500 / 392300 / 392317 |
|
Mobile No : |
91-9373294572 (Mr. Prasanna) |
|
Fax No.: |
91-2137-392354 |
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E-Mail : |
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Website : |
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Area : |
3.5 Acre |
|
Location : |
Owned |
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Sales and Marketing Office: |
Located at:
|
|
|
|
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Exclusive Services Centre For PHE: |
900/3/C, GIDC Estate, Makarpura, Vadodara-390010, |
|
Tel No.: |
91-265-3261191 / 2631191 |
|
Fax No.: |
91-265-2631191 |
|
Email: |
DIRECTORS
As on 29.06.2012
|
Name : |
Mr. Thuresson Thomas Thurebo |
|
Designation : |
Director |
|
Address : |
C/O Alfa |
|
Date of Birth/Age : |
06.12.1957 |
|
Date of Appointment : |
09.11.2005 |
|
DIN No.: |
01116071 |
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|
|
|
Name : |
Mr. Olsson Dag Lennart |
|
Designation : |
Director |
|
Address : |
Ornahus Darrod, 1201 240 14, |
|
Date of Birth/Age : |
21.10.1961 |
|
Date of Appointment : |
24.04.2006 |
|
DIN No.: |
00867321 |
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|
|
|
Name : |
Mr. Svensson Goran Claes |
|
Designation : |
Director |
|
Address : |
2444, New College, Lane Plano, |
|
Date of Birth/Age : |
29.01.1957 |
|
Date of Appointment : |
28.07.2006 |
|
DIN No.: |
00876740 |
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|
|
|
Name : |
Mr. Feroze Minocher Patel |
|
Designation : |
Director |
|
Address : |
4419, Tobago |
|
Date of Birth/Age : |
17.03.1947 |
|
Date of Appointment : |
28.07.2006 |
|
DIN No.: |
00564790 |
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|
|
|
Name : |
Mr. Satish Laxman Shewalkar |
|
Designation : |
Director |
|
Address : |
4, 1st Floor, Sarita Vaibhav, Sinhgad Road, Parvati,
Pune-411030, Maharashtra, India |
|
Date of Birth/Age : |
09.09.1957 |
|
Date of Appointment : |
12.12.2006 |
|
DIN No.: |
01159043 |
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|
|
|
Name : |
Mr. Ganesh Gopal |
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Designation : |
Director |
|
Address : |
Flat No. 602, S No. 1817+8A/1, Salunkhe Vihar, Rose Parade,
Pune-411048, Maharashtra, India |
|
Date of Birth/Age : |
01.02.1973 |
|
Date of Appointment : |
01.01.2010 |
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DIN No.: |
02910619 |
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|
|
|
Name : |
Mr. Prasanna Arvind Gote |
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Designation : |
Director |
|
Address : |
G-102, Kanchanganga, Shivanand Gardens, Kothrud, Pune-411038,
Maharashtra, India |
|
Date of Birth/Age : |
03.12.1963 |
|
Date of Appointment : |
29.06.2012 |
|
DIN No.: |
05228742 |
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|
|
|
Name : |
Mr.Robert Blake Snider |
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Designation : |
Director appointed in casual vacancy |
|
Address : |
1863 Sunset CT Allen Texas 75013 |
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Date of Birth/Age : |
28.11.1969 |
|
Date of Appointment : |
24.12.2012 |
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DIN No.: |
06499657 |
KEY EXECUTIVES
|
Name : |
Mr. Ashish Brij Mishra |
|
Designation : |
Secretary |
|
Address : |
A-Wing, 803, Kakdey City, Kerve Nagar, Pune-411052, Maharashtra, India |
|
Date of Birth/Age : |
06.05.1981 |
|
Date of Appointment : |
15.04.2008 |
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PAN No.: |
ANAPM9993P |
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|
|
|
Name : |
Mr. Prasanna |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.06.2012
|
Names of Shareholders |
No. of Shares |
|
Alfa Laval Corporation AB, |
1 |
|
PHE Holding AB, |
3009999 |
|
Total |
3010000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.06.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Industrial Heat Exchangers, Plate and
Frame Heat Exchangers. |
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Products : |
· Welded Plate Heat Exchanger · Immersion Heat Exchanger · Gasketed Plate Heat Exchanger · Plate Heat Exchanger · Frame Heat Exchanger · Light Duty Heat Exchanger · Heat Exchanger Spare Parts |
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Exports : |
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Products : |
Industrial Heat Exchangers, Plate and Frame Heat Exchangers |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Finland ·
Sweden |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS AS ON 31.12.2011
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity (Quantity) |
Actual Production (Quantity) |
|
Plate heat exchangers |
Nos. |
NA |
6000 |
4473 |
Notes:
In terms of Notification No. 477 (E) dated July 25, 1991, issued by the Ministry of Industry, Department of Industrial Development, the Company’s products have been exempted from industrial licensing. Accordingly, disclosure requirements concerning licensed capacity are not applicable.
Installed capacity has been certified by the Company and relied on by the auditors, this being a technical matter.
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
HSBC Bank, |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
S. R. Batliboi and Associates Chartered Accountant |
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Address : |
A-14, Nanddham Building, 4th Floor, Brijdham Nanddham Co-Operative Housing Society, Bangur Nagar, Goregaon (West), Mumbai, Maharashtra, India |
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PAN No.: |
AABFS3421N |
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Holding Company: |
PHE Holding AB, |
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Ultimate Holding
Company : |
Alfa Laval Corporation AB, Sweden |
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Fellow Subsidiaries
: |
· Tranter Heat Exchangers Pty Limited, Australia · Tranter Ind. eCom. de Equip. Ltda, Brazil · Tranter Heat Exchangers (Beijing) Company Limited, China · Tranter Heat Exchanger ME Cyprus Limited, Cyprus · Alfa Laval Spiral Snc., France · Alfa Laval Vicarb, France · MCD sas, France · Tranter HES Gmbh Schopfheim, Germany · Tranter-Pressko GmbH, Germany · Alfa Laval India Limited, India · CIN No.: U29299PN1937PLC002732 · MCD Nitrile Private Limited, India · Alfa Laval (Malaysia) Sdn Bhd, Malaysia · Alfa Laval Corporate AB, Sweden · Alfa Laval Treasury International AB, Sweden · Alfa Laval Lund AB, Sweden · Tranter International AB, Sweden · Tranter Inc., USA |
CAPITAL STRUCTURE
As on 31.12.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3010000 |
Equity Shares |
Rs.10/- each |
Rs. 30.100
Millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
30.100 |
30.100 |
30.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
89.289 |
88.358 |
59.155 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
119.389 |
118.458 |
89.255 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
605.178 |
609.077 |
568.346 |
|
|
TOTAL BORROWING |
605.178 |
609.077 |
568.346 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
724.567 |
727.535 |
657.601 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
283.582 |
275.707 |
321.703 |
|
|
Capital work-in-progress |
49.474 |
0.771 |
8.759 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
24.224 |
13.938 |
12.464 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
301.294
|
238.399
|
211.516
|
|
|
Sundry Debtors |
270.874
|
376.241
|
240.927
|
|
|
Cash & Bank Balances |
1.195
|
13.999
|
4.255
|
|
|
Other Current Assets |
10.314
|
5.046
|
5.867
|
|
|
Loans & Advances |
131.283
|
124.659
|
87.884
|
|
Total
Current Assets |
714.960
|
758.344
|
550.449
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
219.040
|
215.058
|
180.822
|
|
|
Other Current Liabilities |
113.846
|
86.869
|
33.408
|
|
|
Provisions |
14.787
|
19.298
|
21.544
|
|
Total
Current Liabilities |
347.673
|
321.225
|
235.774
|
|
|
Net Current Assets |
367.287
|
437.119
|
314.675
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
724.567 |
727.535 |
657.601 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
906.580 |
1017.800 |
765.730 |
|
|
|
Other Income |
NA |
34.220 |
0.000 |
|
|
|
TOTAL |
NA |
1052.020 |
765.730 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
1014.290 (Including
Depreciation) |
736.560 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
736.560 |
|
|
|
|
|
|
||
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
29.170 |
||
|
|
|
|
|
||
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
35.830 |
||
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.360 |
37.730 |
(6.660) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.430 |
8.530 |
15.270 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.930 |
29.200 |
(21.930) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
59.150 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.31 |
9.70 |
(7.28) |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
PAT / Total Income |
(%) |
NA
|
2.76
|
(2.86)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.48
|
3.71
|
(0.87)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.44
|
3.65
|
(0.76)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.32
|
(0.07)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
5.07
|
5.14
|
6.37
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.06
|
2.36
|
2.33
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
(Rs. In Millions) |
||
|
Creditors due others |
219.040
|
215.058
|
180.822
|
|
|
|
|
|
|
Total |
219.040
|
215.058
|
180.822
|
|
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 |
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 |
Yes |
|
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 |
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE
Registered office of the company has been shifted from Gat No. 985, Sanaswadi, Shirur, Pune-412208, Maharashtra, India to the present address w.e.f.01.01.2010.
FINANCIAL
HIGHLIGHTS
During the year, the
company has recorded a Sales turnover of Rs. 906.580 Millions. The Company
earned a profit before tax of Rs. 4.360 Millions. After providing an amount of
Rs. 1.510 Millions for taxation and prior period items of Rs. 19.180 Millions
and the net profit for the period was Rs. 0.930 Millions which is being
retained in the Profit and Loss Account.
NATURE OF OPERATIONS
Subject is engaged in the manufacture of Gasketed and Welded Plate Heat Exchangers (PHEs) for a wide range of applications in a variety of industries which includes Power, Pharma and Chemicals.
UNSECURED LOAN
|
Unsecured Loan |
31.12.2011 (Rs.
in Millions) |
31.12.2010 (Rs.
In Millions) |
|
Rupee term loans banks unsecured |
(A)0.000 |
42.000 |
|
Rupee term loans others unsecured |
(B)493.684 |
360.000 |
|
Loans taken for other fixed assets unsecured |
(C)107.332 |
201.664 |
|
Interest accrued due other debt unsecured |
(D)4.161 |
5.413 |
|
Total |
605.177 |
609.077
|
Footnotes
(A) Short term unsecured loan from bank (secured against corporate guarantee issued by Alfa Laval Holding AB, Sweden) (Due within one year Rs. NIL, previous year Rs. 42,000,000)
(B) From others (Due within one year Rs. 493,684,416 , previous year Rs.360,000,000)
(C) From bank [(secured against corporate guarantee issued by Alfa Laval Holding AB, Sweden) (Due within one year Rs.94,332,000, previous year Rs.94,332,000)]
(D) Interest accured and due on above (Due within one year Rs. 4,161,257, previous year Rs. 5,413,290)
CONTINGENT
LIABILITIES:
(Rs. in millions)
|
PARTICULARS |
31.12.2011 |
|
Gurantees given by the Company |
11.851 |
|
Advance License (Liability if exports obligation are not fulfilled in future years)** |
0.273 |
|
Income Tax Order for AY 2008-09 for which Company has preferred an appeal. Based on judicial pronouncements, the Company believes that there is a fair chance of decision in its favour and hence no provision is considered necessary against the same. |
2.854 |
** Differential amount of customs duty payable by the Company in case of non fulfillment of export obligation against the import of material made at concessional rate of duty. Based on the past sales performance and the future sales plan along with the changes in EXIM policy, the management is hopeful to meet out the obligations by executing the required volume of exports in the future.
FIXED ASSETS
· Land
· Factory Building
· Plant and Machinery
· Office Equipments
· Computer Equipments
· Furniture and Fixtures
· Vehicles
· Goodwill
· Computer Software
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 transaction 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.54.03 |
|
|
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.