MIRA INFORM REPORT
|
Report Date : |
30.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
IOT ENGINEERING PROJECTS LIMITED (w.e.f. 12-12.2007) |
|
|
|
|
Formerly Known
As : |
IOT ENGINEERING PROJECTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
IOT House, Plot No 15, 2nd Floor, Ceat Tyre Road, Nahur
West, Mumbai-400078, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 (Profit and Loss Account) |
|
|
|
|
Date of
Incorporation : |
07.05.2007 |
|
|
|
|
Com. Reg. No.: |
11-170617 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 20.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74200MH2007PLC170617 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of construction in the field of
Refineries, Petrochemicals, Cements, Fertilisers, Power Plants, etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1320000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “IOT Infrastructure and Energy Services Limited”. It is a well established company having a satisfactory track record.
Financially company performance is strong. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitment. In view of strong holding and experience promoters. The company can be
considered for business dealings at usual trade terms and condition. Note: Current year Balance Sheet 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.
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
FITCH |
|
Rating |
A (Long Term Rating) |
|
Rating Explanation |
Having low default risk. The capacity for payment of financial commitment
is considered strong. |
|
Date |
July 2012 |
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.
LOCATIONS
|
Registered Office : |
IOT House, Plot No 15, 2nd Floor, Ceat Tyre Road, Nahur
(West), Mumbai-400078, Maharashtra, India |
|
Tel. No.: |
91-22-61524500 / 600 |
|
Fax No.: |
91-22-61524700 / 800 |
|
E-Mail : |
DIRECTORS
AS ON 14.09.2012
|
Name : |
Mr. Pudukottai Gopalkrishnan Vaidhyanathan |
|
Designation : |
Director |
|
Address : |
C Bunglow, Plot No.273, St Anthony’s Road, Chembur, Mumbai-400071,
Maharashtra, India |
|
Date of Birth/Age : |
07.05.1946 |
|
Date of Appointment : |
07.05.2007 |
|
DIN No.: |
00121987 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74200MH2007PLC170617 |
IOT
ENGINEERING PROJECTS LIMITED |
Managing
director |
01-04-09 |
07-05-07 |
- |
Active |
NO |
|
2 |
U29199GJ1998PLC034128 |
IOT
ANWESHA ENGINEERING AND CONSTRUCTION LIMITED |
Director |
30-09-08 |
12-01-08 |
- |
Active |
NO |
|
3 |
L28999WB1937PLC009099 |
STEWARTS
AND LLOYDS OF INDIA LIMITED |
Director |
30-09-09 |
29-04-09 |
03-09-12 |
Active |
NO |
|
Name : |
Mr. Kiran Krishna Ranade |
|
Designation : |
Whole Time Director |
|
Address : |
102, Lake View Apartment, Belapur Village, Konkan Bhavan, Navi Mumbai-400614,
Maharashtra, India |
|
Date of Birth/Age : |
10.08.1946 |
|
Date of Appointment : |
14.06.2007 |
|
DIN No.: |
01513372 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74200MH2007PLC170617 |
IOT
ENGINEERING PROJECTS LIMITED |
Whole-time
director |
01-04-09 |
14-06-07 |
- |
Active |
NO |
|
2 |
L28999WB1937PLC009099 |
STEWARTS
AND LLOYDS OF INDIA LIMITED |
Director |
30-09-09 |
30-09-09 |
03-09-12 |
Active |
NO |
|
Name : |
Mr. Yashwant Abaji Rane |
|
Designation : |
Whole Time Director |
|
Address : |
C/406, Suyog Apartment, Nawagaon, Laxman Mhatre Road, Dahisar (West),
Mumbai-400068, Maharashtra, India |
|
Date of Birth/Age : |
14.07.1943 |
|
Date of Appointment : |
14.06.2007 |
|
DIN No.: |
01510931 |
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 |
U74200MH2007PLC170617 |
IOT
ENGINEERING PROJECTS LIMITED |
Whole-time
director |
01-04-09 |
14-06-07 |
Active |
NO |
|
Name : |
Mr. Shambhu Nath Jha |
|
Designation : |
Director |
|
Address : |
C-369 A, Sushant Lok, Phase-I, Block C, Gurgaon-122002, Haryana, India |
|
Date of Birth/Age : |
25.08.1941 |
|
Date of Appointment : |
14.06.2007 |
|
DIN No.: |
01654348 |
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 |
U74200MH2007PLC170617 |
IOT
ENGINEERING PROJECTS LIMITED |
Director |
22-09-08 |
14-06-07 |
Active |
NO |
|
2 |
U74200MH2007PLC173770 |
IOT
DESIGN AND ENGINEERING LIMITED |
Director |
21-08-08 |
05-11-07 |
Active |
NO |
|
Name : |
Mr. Jatin Jamnadas Mavani |
|
Designation : |
Director |
|
Address : |
B-602, Cottage Land, Sector-19 A, Nerul, Navi Mumbai-400706,
Maharashtra, India |
|
Date of Birth/Age : |
14.12.1957 |
|
Date of Appointment : |
14.06.2007 |
|
DIN No.: |
00189932 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
L28999WB1937PLC009099 |
STEWARTS
AND LLOYDS OF INDIA LIMITED |
Director |
28-07-04 |
28-07-04 |
- |
Active |
NO |
|
2 |
U74200MH2007PLC170617 |
IOT
ENGINEERING PROJECTS LIMITED |
Director |
22-09-08 |
14-06-07 |
- |
Active |
NO |
|
3 |
U74200MH2007PLC173770 |
IOT
DESIGN AND ENGINEERING LIMITED |
Director |
21-08-08 |
03-09-07 |
- |
Active |
NO |
|
4 |
U40107TN2007PLC065671 |
IOT
MABAGAS LIMITED |
Director |
10-12-07 |
10-12-07 |
- |
Active |
NO |
|
5 |
U29199GJ1998PLC034128 |
IOT
ANWESHA ENGINEERING AND CONSTRUCTION LIMITED |
Director |
30-09-08 |
12-01-08 |
- |
Active |
NO |
|
6 |
U45208OR2009PLC011389 |
IOT
UTKAL ENERGY SERVICES LIMITED |
Director |
08-12-09 |
08-12-09 |
01-02-10 |
Active |
NO |
|
7 |
U45204MH2010PTC200970 |
IOT
INFRASTRUCTURES PRIVATE LIMITED |
Director |
14-09-11 |
27-03-10 |
- |
Active |
NO |
|
8 |
U74990MH2011PTC219074 |
MABANAFT
CARBON INDIA PRIVATE LIMITED |
Director |
24-06-11 |
24-06-11 |
18-10-11 |
Active |
NO |
|
Name : |
Mr. Ashutosh Kaushik |
|
Designation : |
Director |
|
Address : |
A-1402, A Block, Princeton Hiranandani Estate, Godbunder Road, Thane (West),
Thane-400607, Maharashtra, India |
|
Date of Birth/Age : |
01.12.1957 |
|
Date of Appointment : |
15.09.2009 |
|
DIN No.: |
02255397 |
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 |
U74200MH2007PLC173770 |
IOT
DESIGN AND ENGINEERING LIMITED |
Director |
21-08-08 |
03-07-08 |
Active |
NO |
|
2 |
U74200MH2007PLC170617 |
IOT
ENGINEERING PROJECTS LIMITED |
Director |
30-09-10 |
15-09-09 |
Active |
NO |
|
3 |
U29199GJ1998PLC034128 |
IOT
ANWESHA ENGINEERING AND CONSTRUCTION LIMITED |
Director |
28-09-10 |
29-09-09 |
Active |
NO |
|
4 |
U45208OR2009PLC011389 |
IOT
UTKAL ENERGY SERVICES LIMITED |
Nominee
director |
29-09-10 |
08-12-09 |
Active |
NO |
|
5 |
U45204MH2010PTC200970 |
IOT
INFRASTRUCTURES PRIVATE LIMITED |
Director |
14-09-11 |
27-03-10 |
Active |
NO |
|
6 |
U74120MH2011PLC220464 |
KATOEN
NATIE IOT LOGISTICS LIMITED |
Director |
11-06-12 |
11-06-12 |
Active |
NO |
|
Name : |
Mr. Asim Joydev Chandra |
|
Designation : |
Director |
|
Address : |
D-19, Kartikey Nagar, Division-IV, Iskon Temple Road, Off Side, Gotri,
Vadodara-390015, Gujarat, India |
|
Date of Birth/Age : |
14.01.1958 |
|
Date of Appointment : |
14.09.2012 |
|
DIN No.: |
00210266 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29199GJ1998PLC034128 |
IOT ANWESHA
ENGINEERING AND CONSTRUCTION LIMITED |
Whole-time
director |
01-04-12 |
20-05-98 |
- |
Active |
NO |
|
2 |
U27100GJ2005PTC046110 |
COMTECH
METALS PRIVATE LIMITED |
Director |
20-05-05 |
20-05-05 |
- |
Active |
NO |
|
3 |
U85310GJ2005NPL046651 |
MANAV
SEVA FOUNDATION |
Director |
24-08-05 |
24-08-05 |
- |
Active |
NO |
|
4 |
U26933GJ2006PTC048524 |
AMBALIKA
CERAMSOL PRIVATE LIMITED |
Director |
21-06-06 |
21-06-06 |
- |
Active |
NO |
|
5 |
U45208GJ2011PTC064890 |
COMTECH
SYNTHESIS PRIVATE LIMITED |
Director |
11-04-11 |
11-04-11 |
29-10-12 |
Active |
NO |
|
6 |
U45200GJ2011PTC065678 |
COMTECH
CONSTRUCTION COMPANY PRIVATE LIMITED |
Director |
01-06-11 |
01-06-11 |
- |
Active |
NO |
|
7 |
L28999WB1937PLC009099 |
STEWARTS
AND LLOYDS OF INDIA LIMITED |
Additional
director |
03-09-12 |
03-09-12 |
- |
Active |
NO |
|
8 |
U74200MH2007PLC170617 |
IOT
ENGINEERING PROJECTS LIMITED |
Director |
14-09-12 |
14-09-12 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 14.09.2012
|
Names of Shareholders |
No. of Shares |
|
IOT Infrastructure and Energy Services Limited |
1999994 |
|
Jayanta Bhuyan Jt. IOT Infrastructure and Energy Services Limited |
1 |
|
Jatin Mavani Jt. IOT Infrastructure and Energy Services Limited |
1 |
|
Ashutosh Kaushik Jt. IOT Infrastructure and Energy Services Limited |
1 |
|
P G Vaidhyanathan Jt. IOT Infrastructure and Energy Services Limited |
1 |
|
Kiran Krishna Ranade Jt. IOT Infrastructure and Energy Services
Limited |
1 |
|
Yashwant Abaji Rane Jt. IOT Infrastructure and Energy Services Limited |
1 |
|
TOTAL
|
2000000 |
AS ON 14.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of construction in the field of
Refineries, Petrochemicals, Cements, Fertilisers, Power Plants, etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lodha and Company Chartered Accountant |
|
Address : |
6, Karim Chambers,40 .A. Doshi Marg, Hamam Street, Mumbai-400001,
Maharashtra, India |
|
PAN No.: |
AADFL1894Q |
|
|
|
|
Holding Company (As On 31.03.2011) : |
CIN No.: U23200MH1996PLC102222 |
|
|
|
|
Joint Ventures As On 31.03.2011) : |
|
|
|
|
|
Fellow Subsidiaries (As On 31.03.2011) : |
|
|
|
|
|
Associates (As On 31.03.2011) :
|
|
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
20.000 |
20.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
310.144 |
200.278 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
330.144 |
220.278 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
430.006 |
328.512 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
430.006 |
328.512 |
|
|
DEFERRED TAX LIABILITIES |
|
13.465 |
8.843 |
|
|
|
|
|
|
|
|
TOTAL |
|
773.615 |
557.633 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
246.787 |
173.718 |
|
|
Capital work-in-progress |
|
1.648 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.100 |
0.100 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
70.812 |
44.656 |
|
|
Sundry Debtors |
|
590.059 |
425.032 |
|
|
Cash & Bank Balances |
|
60.410 |
19.587 |
|
|
Other Current Assets |
|
370.023 |
384.639 |
|
|
Loans & Advances |
|
174.437 |
32.874 |
|
Total
Current Assets |
|
1265.741 |
906.788 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
650.458 |
434.510 |
|
|
Other Current Liabilities |
|
75.999 |
67.201 |
|
|
Provisions |
|
14.204 |
21.262 |
|
Total
Current Liabilities |
|
740.661 |
522.973 |
|
|
Net Current Assets |
|
525.080 |
383.815 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
773.615 |
557.633 |
|
Note: Current year balance sheet is not available only profit and loss account
available.
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4116.900 |
3074.730 |
2495.560 |
|
|
|
Other Income |
6.228 |
0.346 |
3.041 |
|
|
|
TOTAL (A) |
4123.128 |
3075.076 |
2498.601 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
629.726 |
485.038 |
|
|
|
|
Expenditure on production,
transportation and other expenditure pertaining to
E&P activities |
41.527 |
30.148 |
|
|
|
|
Employee benefit expense |
671.966 |
535.545 |
|
|
|
|
Other expenses |
2265.264 |
1754.248 |
|
|
|
|
TOTAL (B) |
3608.483 |
2804.979 |
2220.371 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
514.645 |
270.097 |
278.230 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
124.916 |
86.787 |
46.221 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
389.729 |
183.310 |
232.009 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
53.154 |
19.823 |
26.187 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
336.575 |
163.487 |
205.822 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
116.830 |
53.622 |
71.511 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
219.745 |
109.865 |
134.311 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
310.143 |
200.278 |
65.967 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
529.888 |
310.143 |
200.278 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Scaffolding Materials |
0.000 |
0.000 |
8.780 |
|
|
|
Capital Goods |
73.770 |
17.456 |
28.087 |
|
|
TOTAL IMPORTS |
73.770 |
17.456 |
36.867 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
110.00 |
55.00 |
67.16 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.33
|
3.57 |
5.38 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.18
|
5.32 |
8.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
10.81 |
19.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.50 |
0.93 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
NA
|
1.30 |
1.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA
|
1.71 |
1.73 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE
Registered office has been shifted from Powai Police Station, Opposite
to IIT Gate, Mumbai-400076, Maharashtra, India to the present address w.e.f. 07.05.2007.
BACKGROUND
The Company was
incorporated on 7th May, 2007 under the Companies Act, 1956 as IOT Engineering
Projects Private Limited with Corporate Identity Number (CIN)
U74200MH2007PLC170617 and was converted to a Public Limited Company on 12th
December,2007 as IOT Engineering Projects Limited. The Company is primarily
engaged in the business of construction in the field of Refineries,
Petrochemicals, Cements, Fertilisers, Power Plants, etc. IOT Infrastructure and
Energy Services Limited is the holding Company.
FIXED ASSETS
- Building
- Plant and
Machinery
- Furniture,
Fixtures and Equipments
- Vehicles
- 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 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. 54.27 |
|
|
1 |
Rs. 84.23 |
|
Euro |
1 |
Rs. 70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
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 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.