|
Report Date : |
24.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
BADVE ENGINEERING LIMITED (w.e.f.07.01.2008) |
|
|
|
|
Formerly Known
As : |
BADVE ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. D-39, MIDC Area, Waluj, Aurangabad - 431133, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
25.09.1996 |
|
|
|
|
Com. Reg. No.: |
11-102827 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.142
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U73100MH1996PLC102827 |
|
|
|
|
IEC No.: |
0300035918 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKB01165D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB9378F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Automobile Components, Plastic Moulded
and Painted Items, DG Sets and Power Generation. |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 8988000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track record. Company is performing well. Financial position appears to be decent. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitment. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
Uptick in
agriculture and construction spread some cheer as the economy grew a
higher-than-expected 4.8 % in the three months through September. Manufacturing
rose an annual rate per cent during the quarter and mining fell by 0.4 %,
government data showed while farm output rose 46%.
India has emerged as
the most attractive investment destination, thanks to a relaxation in foreign
direct investment norms, says a report. India is followed by Brazil and China
in the ranking part of EY’s Capital Confidence Barometer report based on a
survey across 70 nations. The US, France and Japan have emerged as the top
three investors likely to invest in India.
India has been
ranked 83rd globally in terms of talent competitiveness of its human
capital. Switzerland, Singapore, Denmark, Sweden and Luxembourg are the
top five in the list of 103 nations compiled by INSEAD business school.
Tax rates for
companies in India are among the highest in the world and the number of
payments is also more than the global average putting the country at low, 158th
rank on the Paying Taxes. 2014 list by the World Bank and PWC. However, the
time taken for tax payments is relatively less in India which is rated ahead of
China and Japan.
1 billion smartphone
shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost
computing in emerging markets. By 2017, total smartphone shipments are expected
to approach 1.7 billion units, resulting in a compound annual growth rate of
18.4 % between 2013 and 2017, according to research from IDC.
20 % vacancy rate of
office space in Mumbai and Delhi in the third quarter, the highest in Asia
after Chengdu, in China. According to Cushman and Wakefield, six Indian cities
are among the 10 office markets with the worst vacancies.
Foreign banks will
not have to pay stamp duty and capital gains tax, if they convert their branch
operations into a wholly owned subsidiary, according to the Reserve Bank of
India.
The Reserve Bank of
India is planning to launch CPI – indexed bonds aimed to protecting the savings
of retail investors from the impact the price rise by December end.
Central Bureau of
Investigation has booked State Bank of India, Deputy Managing Director Shyamal
Acharya and others in a graft case related to distribution of a loan of over Rs
4000 mn. Gold and jewellery worth Rs 6.7 mn have been recovered from the
residence of Acharya.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Bank facilities : Fund based long term : A |
|
Rating Explanation |
Adequate credit quality and average credit
risk. |
|
Date |
December 04, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Bank facilities : Non-fund based short term
: A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
December 04, 2013 |
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 DECLINED BY
|
Name : |
Mr. Rahul Ganu |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-240-2555186 |
|
Date : |
23.12.2013 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. D-39, MIDC Area, Waluj, Aurangabad - 431133, Maharashtra,
India |
|
Tel. No.: |
91-240-2555186 |
|
Fax No.: |
91-240-2555337 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Other Factories : |
Located at: v Gut No. 15, Naigavan, Khandewadi, Tq. Paithan, Aurangabad - 431105, Maharashtra, India v Gut No. 63-64, Near Green Gold Seeds, Narayanpur, Aurangabad – 431133, Maharashtra, India v B-32, 1/5, MIDC Industrial Area, Waluj, Aurangabad, Maharashtra, India v Plot No. B-5 & B-6, Industrial Area, Waluj, Aurangabad - 431136, Maharashtra, India v Plot No.A-23/1, Chakan Industrial Area, Phase - II, Village Khalumbre, Tq.Khed, District Pune, Maharashtra, India v Plot No. C-11/A, MIDC Area, Ranjangaon - 412209, Maharashtra, India v Plot No. 9, Floriculture Park, Talegaon – Dabhade, Taluka Maval, Pune, Maharashtra, India v Plot No. SPL-6, Tapukara Industrial Area, Tq. Tizara, District Alwar - 301707, Rajasthan, India v Plot No.15, Sector - 10, IIE- Sidcul, Pantnagar, Rudrapur – 263153, Uttrakhand, India v
Tata Vendor Park, Plot No.52, Sector - 11, IIE
SIDCUL, Uttrakhand, v Plot No.207 to 210 & 211P, 234P, 235, 238, Narasapura Industrial Area, District Kolar – 563133, Bangalore, Karnataka, India v C/o. Komal Plast Tech. Plot No 163/A, Belur Industrial Area, Dharwad - 580011, Karnataka, India v B-4/18,
SIDCO Industrial Estate, Maraimalainagar, Kanchipuram, Tamilnadu, India |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Mr. Shrikant Shankar Badve |
|
Designation : |
Managing director |
|
Address : |
Flat No.6, Shubhkamana Apartment, Dashmesh Nagar, Aurangabad-400005,
Maharashtra, India |
|
Date of Birth/Age : |
10.10.1965 |
|
Qualification : |
B.E |
|
Date of Appointment : |
01.09.2000 |
|
PAN No.: |
ABOPB6940M |
|
DIN No.: |
00295505 |
|
|
|
|
Name : |
Mr. Shankar Prabhakar Badve |
|
Designation : |
Director |
|
Address : |
Shri Malvika Co-op Housing Society, 53, Erandwana, Pune - 411004,
Maharashtra, India |
|
Date of Birth/Age : |
14.11.1938 |
|
Qualification : |
B.E |
|
Date of Appointment : |
05.03.2012 |
|
DIN No.: |
00247931 |
|
|
|
|
Name : |
Mr. Govindswami Sambandha Moorthy |
|
Designation : |
Director |
|
Address : |
Bunglow No 3 A, Tapdiya Estate, Near A S Club, Nagar Highway, Aurangabad
- 400005, Maharashtra, India |
|
Date of Birth/Age : |
15.02.1938 |
|
Qualification : |
B.E |
|
Date of Appointment : |
15.03.2005 |
|
DIN No.: |
00295625 |
|
|
|
|
Name : |
Mrs. Supriya Shrikant Badve |
|
Designation : |
Director |
|
Address : |
Flat No.6, Shubhkamana Apartment, Dashmesh Nagar, Aurangabad - 400005,
Maharashtra, India |
|
Date of Birth/Age : |
10.07.1969 |
|
Qualification : |
M.S.C |
|
Date of Appointment : |
14.07.2008 |
|
PAN No.: |
AICPB9394G |
|
DIN No.: |
00366164 |
|
|
|
|
Name : |
Mr. Ashok Vishnu Tagare |
|
Designation : |
Director |
|
Address : |
12, Arihant, Shree Lane No. 7, Dahanukar Colony, Pune-411038,
Maharashtra, India |
|
Date of Birth/Age : |
26.05.1945 |
|
Qualification : |
B.E |
|
Date of Appointment : |
01.03.2002 |
|
DIN No.: |
00370768 |
|
|
|
|
Name : |
Saligrama Narayana Prasad |
|
Designation : |
Director |
|
Address : |
F-201, Adarsh Gardens, 47th Cross, Jayanagar, 8th
Block, Bangalore, Karnataka, India |
|
Date of Birth/Age : |
01.08.1943 |
|
Qualification : |
B.E |
|
Date of Appointment : |
27.09.2013 |
|
DIN No.: |
06467148 |
KEY EXECUTIVES
|
Name : |
Mr. Rahul Ganu |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Badve Autocomps Private Limited, India |
|
540 |
|
Creative Tools & Press Components Private Limited,
India |
|
190 |
|
Sumedh Shrikant Badve |
|
140 |
|
Swastid Shrikant Badve |
|
140 |
|
Rajiv Vasant Savarkar |
|
850 |
|
Sanjay Shankar Badve |
|
20 |
|
Shankar Prabhakar Badve |
|
10250 |
|
Shankar Prabhakar Badve (HUF) |
|
10 |
|
Shrikant Shankar Badve |
|
234105 |
|
Shrikant Shankar Badve (HUF) |
|
5730 |
|
Vasant Ramkrishna Savarkar |
|
14110 |
|
Kumud Shankar Badve |
|
4745 |
|
Supriya Shrikant Badve |
|
14440 |
|
Yogita Sanjay Badve |
|
10 |
|
Sumedh Tools Private Limited, India |
|
28940 |
|
|
|
|
|
Total |
|
314220 |
AS ON 27.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
9.44 |
|
Directors
or relatives of directors |
90.41 |
|
Others |
0.15 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Automobile Components, Plastic Moulded
and Painted Items, DG Sets and Power Generation. |
||||
|
|
|
||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
v The Saraswat
Co-operative Bank Limited, Rasec, Kanchan Chambers, Kranti Chowk, Station
Road, Aurangabad - 431005, Maharashtra, India v IDBI Bank Limited,
IDBI Tower, WTC Complex, Cuffe Parade, Mumbai - 400005, Maharashtra, India v The Saraswat
Co-operative Bank Limited, Plot No. X-23, MIDC Waluj, Aurangabad - 431133,
Maharashtra, India v Union Bank of India Industrial Finance Branch, 619, Sachapir Street, Camp, Pune - 411001, Maharashtra, India v The Cosmos
Co-Operative Bank Limited (Chinchwad Branch) 269/270, Shaniwar Peth, Pune - 411030,
Maharashtra, India v ICICI Bank
Limited, ICICI Tower, NBCC Place, Bhisham Pitamah Marg, Pragati Vihar, New
Delhi - 110003, India v Axis Bank
Limited, Corporate Banking Branch, 214-215, City Mall, Near Pune University,
Ganeshkhind Road, Pune - 411007, Maharashtra, India v Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai - 400021, Maharashtra, India v HDFC Bank
Limited |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Rajasthan State Industrial Development and Investment Corporation
Limited, Udyog Bhavan, Tilak Marg, Jaipur - 302005, Rajasthan, India |
|
|
|
|
Auditors : |
|
|
Name : |
Ashok Patil and Associates Chartered Accountants |
|
Address : |
AP Heights, Behind Gopal Cultural Hall, Osmanpura,
Aurangabad – 431005, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABFPP1555R |
|
|
|
|
Associate Companies
: |
v Badve Autocomps Private Limited v
Creative Tools and Press Components Private
Limited v
Sumedh Tools Private Limited |
|
|
|
|
Other Related Party
: |
Badve Helmets
India Private Limited [U74999MH2006PTC166603] |
|
|
|
|
Joint Venture : |
Badve-Cellino
Engineering Private Limited [U28110PN2012PTC141935] |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 115.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
314,220 |
Equity Shares |
Rs. 10/- each |
Rs. 3.142
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3.142 |
2.956 |
2.942 |
|
(b) Reserves & Surplus |
2243.786 |
1524.875 |
984.090 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
93.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2246.928 |
1620.831 |
987.032 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3545.483 |
2271.758 |
1606.205 |
|
(b) Deferred tax liabilities (Net) |
115.264 |
113.446 |
122.968 |
|
(c) Other long
term liabilities |
383.853 |
52.046 |
51.568 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
4044.600 |
2437.250 |
1780.741 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
941.127 |
882.292 |
446.499 |
|
(b)
Trade payables |
574.061 |
555.942 |
598.196 |
|
(c) Other
current liabilities |
368.490 |
228.540 |
235.511 |
|
(d) Short-term
provisions |
186.017 |
112.592 |
114.993 |
|
Total Current
Liabilities (4) |
2069.695 |
1779.366 |
1395.199 |
|
|
|
|
|
|
TOTAL |
8361.223 |
5837.447 |
4162.972 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2663.069 |
2391.657 |
1884.229 |
|
(ii)
Intangible Assets |
0.137 |
0.235 |
0.333 |
|
(iii) Capital
work-in-progress |
2420.080 |
687.905 |
413.989 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
312.275 |
253.622 |
248.544 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
313.104 |
333.618 |
40.272 |
|
(e) Other
Non-current assets |
0.590 |
0.083 |
0.166 |
|
Total Non-Current
Assets |
5709.255 |
3667.120 |
2587.533 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
634.828 |
547.253 |
359.806 |
|
(c)
Trade receivables |
1237.256 |
1296.982 |
941.305 |
|
(d) Cash
and cash equivalents |
28.343 |
4.925 |
16.226 |
|
(e) Short-term
loans and advances |
374.184 |
182.314 |
164.180 |
|
(f)
Other current assets |
377.357 |
138.853 |
93.922 |
|
Total
Current Assets |
2651.968 |
2170.327 |
1575.439 |
|
|
|
|
|
|
TOTAL |
8361.223 |
5837.447 |
4162.972 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
10141.484 |
8570.976 |
6331.843 |
|
|
|
Other Income |
19.513 |
4.059 |
3.814 |
|
|
|
TOTAL |
10160.997 |
8575.035 |
6335.657 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
7689.323 |
6521.003 |
4911.031 |
|
|
|
Employee benefit expense |
870.845 |
732.640 |
462.473 |
|
|
|
Other expenses |
484.532 |
418.087 |
295.421 |
|
|
|
TOTAL |
9044.700 |
7671.730 |
5668.925 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1116.297 |
903.305 |
666.732 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
280.788 |
208.447 |
156.775 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
835.509 |
694.858 |
509.957 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
170.246 |
148.812 |
132.187 |
|
|
|
|
|
|
|
|
|
|
EXCEPTIONAL ITEMS |
(2.349) |
58.979 |
3.622 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
662.914 |
605.025 |
381.392 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
49.621 |
84.250 |
82.929 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
613.293 |
520.775 |
298.463 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
1952.00 |
1762.00 |
1014.42 |
|
|
|
Diluted
|
1345.00 |
1770.00 |
302.33 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
6.04
|
6.07 |
4.71 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.54
|
7.06 |
6.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.78
|
12.36 |
10.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.37 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.00
|
1.95 |
2.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
1.22 |
1.13 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
330.525 |
206.154 |
214.615 |
|
|
|
|
|
|
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 |
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 |
No |
|
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10464829 |
30/11/2013 |
318,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
RASEC, KANCHAN CHAMBERS,
KRANTI CHOWK, STATION ROAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
B91405993 |
|
2 |
10464823 |
28/11/2013 |
722,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
RASEC, KANCHAN CHAMBERS,
KRANTI CHOWK, STATION ROAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
B91402487 |
|
3 |
10450634 |
20/09/2013 |
2,100,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
RASEC, KANCHAN CHAMBERS,
KRANTI CHOWK, STATION ROAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
B85579878 |
|
4 |
10447790 |
31/08/2013 |
733,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
RASEC, KANCHAN
CHAMBERS, KRANTI CHOWK, STATION ROAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
B84393339 |
|
5 |
10414284 |
29/03/2013 |
105,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWERWTC
COMPLEX, CUFFE PARADE, MUMBAI - 400005, MAHARASHTRA, INDIA |
B71616940 |
|
6 |
10414289 |
29/03/2013 |
300,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWERWTC
COMPLEX, CUFFE PARADE, MUMBAI - 400005, MAHARASHTRA, INDIA |
B71618441 |
|
7 |
10414306 |
29/03/2013 |
300,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWERWTC COMPLEX,
CUFFE PARADE, MUMBAI - 400005, MAHARASHTRA, INDIA |
B71617518 |
|
8 |
10420193 |
22/03/2013 |
1,590,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
RASEC, KANCHAN
CHAMBERS, KRANTI CHOWK, STATION ROAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
B73323693 |
|
9 |
10420197 |
19/03/2013 |
897,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
RASEC, KANCHAN
CHAMBERS, KRANTI CHOWK, STATION ROAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
B73324261 |
|
10 |
10400520 |
13/03/2013 * |
479,500,000.00 |
RAJASTHAN STATE INDUSTRIAL
DEVELOPMENT & INVESTMEN |
UDYOG BHAVAN
,TILAK MARG, JAIPUR - 302005, RAJASTHAN, INDIA |
B71372288 |
|
11 |
10399667 |
13/07/2013 * |
925,000,000.00 |
UNION BANK OF
INDIA INDUSTRIAL FINANCE BRANCH |
619,SACHAPIR STREET,
CAMP, PUNE - 411001, MAHARASHTRA, INDIA |
B83476259 |
|
12 |
10361420 |
29/05/2012 |
9,800,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
RASEC, KANCHAN
CHAMBERS, KRANTI CHOWK, STATION ROAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
B41951559 |
|
13 |
10357306 |
31/03/2012 |
125,000,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANC |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B40199655 |
|
14 |
10343577 |
31/07/2012 * |
360,000,000.00 |
ICICI BANK
LIMITED |
ICICI TOWER, NBCC
PLACE, BHISHAM PITAMAH MARG, PRAGATI VIHAR, NEW DELHI - 110003, INDIA |
B45422045 |
|
15 |
10343536 |
20/03/2012 |
200,000,000.00 |
ICICI BANK
LIMITED |
ICICI TOWER,
NBCC PLACE, BHISHAM PITAMAH MARG, PRAGATI VIHAR, NEW DELHI - 110003, INDIA |
B35577766 |
|
16 |
10348597 |
12/09/2012 * |
1,116,000,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
PLOT NO. X-23,
MIDC WALUJ, AURANGABAD - 431136, MAHARASHTRA, INDIA |
B59337964 |
|
17 |
10340935 |
16/02/2012 |
690,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
RASEC, KANCHAN
CHAMBERS, KRANTI CHOWK, STATION ROAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
B34478149 |
|
18 |
10307257 |
23/08/2011 |
203,240,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
PLOT NO. X-23,
MIDC WALUJ, AURANGABAD - 431136, MAHARASHTRA, INDIA |
B20994513 |
|
19 |
10295588 |
19/05/2011 |
50,000,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BR |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B16353401 |
|
20 |
10285375 |
11/04/2011 |
600,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
RASEC, KANCHAN
CHAMBERS, KRANTI CHOWK, STATION ROAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
B12154217 |
|
21 |
10286305 |
29/07/2013 * |
293,750,000.00 |
AXIS BANK
LIMITED |
CORPORATE BANKING
BRANCH,214-215,CITY MALL, NEAR PUNE UNIVERSITY, GANESHKHIND ROAD, PUNE -
411007, MAHARASHTRA, INDIA |
B83067116 |
|
22 |
10272925 |
10/02/2011 |
170,000,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED ( CHINCHWAD |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B07155344 |
|
23 |
10274639 |
01/02/2011 |
109,015,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
PLOT NO. X-23,
MIDC WALUJ, AURANGABAD - 431136, MAHARASHTRA, INDIA |
B08479503 |
|
24 |
10265956 |
06/01/2011 |
179,200,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
PLOT NO. X-23,
MIDC WALUJ, AURANGABAD - 431136, MAHARASHTRA, INDIA |
B04692885 |
|
25 |
10263728 |
30/11/2010 |
129,049,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
PLOT NO. X-23, MIDC
WALUJ, AURANGABAD - 431136, MAHARASHTRA, INDIA |
B03618410 |
|
26 |
10258345 |
22/11/2010 |
138,500,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BR.) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B01206382 |
|
27 |
10241741 |
15/09/2010 |
350,000.00 |
THE SARASWAT
COP-OPERATIVE BANK LTD |
PLOT NO. X-23,
MIDC WALUJ, AURANGABAD - 431136, MAHARASHTRA, INDIA |
A95320263 |
|
28 |
10226104 |
19/05/2010 |
80,000,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BR) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
A88448881 |
|
29 |
10226103 |
17/05/2010 |
4,200,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BR) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
A88447990 |
|
30 |
10205120 |
29/03/2013 * |
190,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWERWTC
COMPLEX, CUFFE PARADE, MUMBAI - 400005, MAHARASHTRA, INDIA |
B71617872 |
|
31 |
10205119 |
31/01/2013 * |
250,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWERWTC COMPLEX,
CUFFE PARADE, MUMBAI - 400005, MAHARASHTRA, INDIA |
B69260073 |
|
32 |
10186385 |
09/11/2009 |
509,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
BRANCH STATION
ROAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A73295149 |
|
33 |
10185705 |
29/07/2013 * |
200,000,000.00 |
AXIS BANK
LIMITED |
CORPORATE
BANKING BRANCH,214-215,CITY MALL, NEAR PUNE UNIVERSITY, GANESHKHIND ROAD,
PUNE - 411007, MAHARASHTRA, INDIA |
B83702209 |
|
34 |
10181491 |
25/09/2009 |
40,000,000.00 |
THE COSMOS CO-OPERATIVE
BANK LIMITED (CHINCHWAD BR ANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
A71312607 |
|
35 |
10299352 |
23/09/2009 |
9,240,000.00 |
IDBI BANK
LIMITED |
486, CHIPLUNKAR BHAVAN,
GROUND FLOOR, LBS ROAD, NEAR ALKA TALKIES CHOWK, NAVI PETH, PUNE - 411030,
MAHARASHTRA, INDIA |
B02919777 |
|
36 |
10148746 |
02/03/2009 |
100,000,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
BRANCH WALUJ,
AURANGABAD - 431136, MAHARASHTRA, INDIA |
A58775511 |
|
37 |
10128221 |
17/09/2008 |
207,500,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED CHINCHWAD BRA |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
A47196563 |
|
38 |
10100153 |
10/04/2008 |
40,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
PLOT NO. X-23,
MIDC WALUJ, AURANGABAD - 431136, MAHARASHTRA, INDIA |
A37367216 |
|
39 |
10097740 |
31/03/2008 |
80,000,000.00 |
THE SARASWAT
CO-OP. BANK LIMITED |
PLOT NO. X-23,
MIDC WALUJ, AURANGABAD - 431136, MAHARASHTRA, INDIA |
A36361939 |
|
40 |
10097741 |
31/03/2008 |
110,000,000.00 |
THE SARASWAT
CO-OP. BANK LIMITED |
PLOT NO. X-23,
MIDC WALUJ, AURANGABAD - 431136, MAHARASHTRA, INDIA |
A36362846 |
|
41 |
10087668 |
08/02/2008 |
20,000,000.00 |
THE SARASWAT
CO-OP. BANK LIMITED |
PLOT NO. X-23,
MIDC WALUJ, AURANGABAD - 431136, MAHARASHTRA, INDIA |
A32455578 |
|
42 |
10087444 |
08/02/2008 |
20,000,000.00 |
THE SARASWAT
CO-OP. BANK LIMITED |
PLOT NO. X-23,
MIDC WALUJ, AURANGABAD - 431136, MAHARASHTRA, INDIA |
A32372187 |
|
43 |
10085453 |
05/05/2011 * |
74,900,000.00 |
THE SARASWAT
COP-OP BANK LIMITED |
PLOT NO. X-23,
MIDC WALUJ, AURANGABAD - 431136, MAHARASHTRA, INDIA |
B13562525 |
|
44 |
10082242 |
28/12/2007 |
1,140,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
PLOT NO. X-23, MIDC
WALUJ, AURANGABAD - 431136, MAHARASHTRA, INDIA |
A29699766 |
|
45 |
10085175 |
18/12/2007 |
5,000,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A30967319 |
|
46 |
10071170 |
26/09/2007 |
1,800,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A24736373 |
|
47 |
10069209 |
02/12/2013 * |
510,100,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
PLOT NO. X-23, MIDC
WALUJ, AURANGABAD - 431136, MAHARASHTRA, INDIA |
B91643262 |
|
48 |
10072660 |
05/09/2007 |
160,000,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A25377318 |
|
49 |
10072661 |
05/09/2007 |
160,000,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A25376336 |
|
50 |
10066242 |
02/04/2013 * |
50,000,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN BHAVAN,
227,D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B72975964 |
|
51 |
10080501 |
30/03/2007 |
8,500,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A28630606 |
|
52 |
10044653 |
24/03/2007 |
54,750,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A13080296 |
|
53 |
10044272 |
24/03/2007 |
54,750,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A13106059 |
|
54 |
10035618 |
19/01/2007 |
51,400,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A10365492 |
|
55 |
10036747 |
19/01/2007 |
51,400,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A10362242 |
|
56 |
10032407 |
02/04/2013 * |
320,000,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN BHAVAN,
227,D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B72976509 |
|
57 |
10026725 |
05/10/2006 |
782,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A06414965 |
|
58 |
10026133 |
04/10/2006 |
6,500,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A06430300 |
|
59 |
10073273 |
26/09/2006 |
22,700,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A06378814 |
|
60 |
10083574 |
26/09/2006 |
22,700,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A11525920 |
|
61 |
10092865 |
26/09/2006 |
22,700,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A11534146 |
|
62 |
10018656 |
30/08/2006 |
821,000.00 |
THE SARASWAT
CO.OP. BANK LIMITED |
WALUJ BRANCH, AURANGABAD,
AURANGABAD - 431005, MAHARASHTRA, INDIA |
A04506119 |
|
63 |
10012625 |
27/07/2006 |
349,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A03004496 |
|
64 |
10008521 |
22/06/2006 |
13,600,000.00 |
THE SARASWAT
CO.OP.BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A01933365 |
|
65 |
10008548 |
22/06/2006 |
13,600,000.00 |
THE SARASWAT
CO.OP. BANK LIMITED |
WALUJ BRANCH, AURANGABAD,
AURANGABAD - 431005, MAHARASHTRA, INDIA |
A02028405 |
|
66 |
10008169 |
05/06/2006 |
6,623,000.00 |
THE SARASWAT
CO.OP.BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A01612399 |
|
67 |
10003766 |
28/03/2006 |
73,500,000.00 |
SARASWAT CO OP
BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A00380055 |
|
68 |
80030611 |
30/03/2007 * |
8,500,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH, AURANGABAD,
AURANGABAD - 431005, MAHARASHTRA, INDIA |
A15635881 |
|
69 |
90160594 |
23/01/2004 |
40,000,000.00 |
THE SARASWAT
CO-OP. BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
- |
|
70 |
90158106 |
10/09/2007 * |
140,100,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, AURANGABAD - 431005, MAHARASHTRA, INDIA |
A25376864 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Deferred sales tax loan |
197.126 |
182.195 |
|
Loans and advances from related parties |
219.308 |
151.439 |
|
|
|
|
|
Total |
416.434 |
333.634 |
PERFORMANCE
During the year under consideration, the company has
achieved a gross turnover of Rs. 11577.200 Millions as compared to the gross
turnover of Rs. 9742.900 Millions of last year at a growth rate of 18.83%. It
has earned Cash Profit of Rs. 708.200 Millions during this year as compared to
Cash Profit of Rs. 510.900 Millions of preceding year. No doubt they have
achieved good results for FY 2012, and they believe they are poised to achieve
much more in the years to come. Especially when their economy is on a path of
robust growth, their customers like Bajaj Auto Limited, TATA Motors Limited and
Honda Motorcycle and Scooters (India) Private Limited (HMSIPL) are
outperforming the markets; they need to push ourselves to make the most of
these opportunities. "The company is implementing for major developments
and expansions: A project in the state of Karnataka for one of the Auto giant
namely Honda Motorcycle and Scooters (India) Private Limited (HMSIPL). The
Company has signed MoU with the Government of Karnataka for setting up a
project for Automobile parts situated at Narasapura Industrial Area, Taluka and
District: Kolar Karnataka. And also Company has entered into a Joint Venture
with Cellino SRL Manufacturing Company, Itally to carry out the business of the
engineering, manufacture and sale of automotive and other components with
particular emphasis on sheet metal parts and manufacturing progressive tools.
The Company has received the status of ""Mega Project"" for
the plant namely Unit XIII situated at Plot No.A-23/1 and Plot No.B-39, Chakan,
Tal: Khed, District Pune – 410 501, in January 2013 [a ‘C+'' Zone under the
Package Scheme of Incentives (PSI) 2007] from Government of Maharashtra. The
Company is also in discussions with various customers for their new
developments which could call for further expansion of capacities. "
AWARDS AND
ACHIEVEMENTS
"During the year, the company have registered notable
achievements and received reputable accolades. Some of them are enumerated
below: t Unit-V Aurangabad has received the prestigious BAL 'Q' Gold Awards
from their esteemed customer Bajaj Auto Limited. t Unit-V IMTMA - SIEMENS
Productivity Championship Award 2012 t Unit-V Aurangabad has received
certification from OHSAS 18001:2007. t Ranjangaon Moulding Div. Pune received
""Innovation Level II Award"" from LG Electronics. t
""Growth with Quality"" Partnership with Tata Motors
Limited. t ""Best Debutant Vendor of 2010-11"" from Ashok
Leyland. They are happy to convey that one of their Unit V is selected for the
final round of JIPM a Japanese Company which is pioneer in the TPM (Total
Productivity Maintenance)"
FIXED ASSETS:
· Land
Buildings
Other
building
Plant
and equipment
Factory
equipments
Other
plant and equipment
Furniture
and fixtures
Vehicles
Motor
vehicles
Office
equipment
Computer
equipments
Other
equipments
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. 61.99 |
|
|
1 |
Rs. 101.37 |
|
Euro |
1 |
Rs. 84.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.