|
Report Date : |
19.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAJ PROCESS EQUIPMENTS AND SYSTEMS PRIVATE LIMITED |
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Registered Office : |
Plot No. 167, Sector-7, PCNTDA, Bhosari, Pune – 411 026, |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
07.02.2003 |
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Com. Reg. No.: |
25-017672 |
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Capital Investment / Paid-up Capital : |
Rs. 100.000
Millions |
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CIN No.: [Company
Identification No.] |
U29299PN2003PTC017672 |
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|
TAN No.: [Tax
Deduction & Collection Account No.] |
PNER06704F |
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PAN No.: [Permanent Account No.] |
AACCR7924F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Fabrication, Trading and Manufacturing of Special Purpose Machines and
Process Equipments. |
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No. of Employees : |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 828000 |
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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 well established company having satisfactory track
record. The company has recorded a better increase in its sales turnover and
profitability during the year 2012. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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. Rajendra Gandhi |
|
Designation : |
Director |
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Contact No.: |
91-9373544415 |
|
Date : |
11.06.2013 |
LOCATIONS
|
Registered Office : |
Plot No. 167, Sector-7, PCNTDA, Bhosari, Pune – 411 026, |
|
Tel. No.: |
91-20-27119973/ 24145/ 27124177/ 27124876 |
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Mobile No.: |
91-9373544415 (Mr. R Gandhi) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area: |
10000 sq. ft |
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Location : |
Rented |
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Head Office : |
Jai Ganesh Vision, B Wing, 3rd Floor, Akurdi,
Pune – 411 035, |
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Tel. No.: |
91-20-40710010/ 40710005/ 40710006/ 40710011/ 27122145/ 27119973/ 27124876 |
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Fax No.: |
91-20-40710009 |
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E-Mail : |
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Location : |
Owned |
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Factory 1 : |
Plot No. 166 and 167, Sector-7, PCNTDA, Bhosari, Pune – 411 026, |
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Factory 2 : |
Sr. No. 373, Village Kharabwadi, Chakan, Taluka Khed,
District Pune, |
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Tel. No.: |
91-2135-252251/ 255654 |
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Factory 3 : |
Plot No. I-14, SEZ, Village Nimgaon, Taluka Khed, District Pune, |
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Factory 4 : |
Gat No. 530, Village-Ahire, Taluka-Khandala, District Satara, |
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Regional Office 1 : |
Flat No. 205, |
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Regional Office 2 : |
303, Ravish Complex, 3rd |
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Regional Office 3 : |
Unit No. FF-47, 1st Floor, Omaxe Square Jasola District
Centre, |
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Regional Office 4 : |
First Floor, Plot No. 33/15, |
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Marketing Representatives
– International : |
Located at: ·
·
·
·
·
·
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DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Anilraj Vasant Pise |
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Designation : |
Managing Director |
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Address : |
Flat No. 4, Murlidhar Apartments, 370, Shaniwar Peth, Pune – 411 030, |
|
Date of Birth/Age : |
18.06.1974 |
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Date of Appointment : |
07.02.2004 |
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PAN No.: |
ABNPP0266H |
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DIN No. : |
00324870 |
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Name : |
Mr. Vasant Eknath Pise |
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Designation : |
Director |
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Address : |
At / Post Varkute Malwadi, Man, Satara – 415 509, |
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Date of Birth/Age : |
01.10.1943 |
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Date of Appointment : |
07.02.2004 |
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PAN No.: |
ACGPP2645E |
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DIN No. : |
00349564 |
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Name : |
Mr. Vijayraj Vasant Pise |
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Designation : |
Director |
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Address : |
Flat No. 4, Murlidhar Apartments, 370, Shaniwar Peth, Pune – 411 030, |
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Date of Birth/Age : |
03.06.1972 |
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Date of Appointment : |
13.07.2005 |
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PAN No.: |
AJDPP2014P |
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DIN No. : |
00349645 |
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|
|
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Name : |
Mr. Mohan Govind Choudhari |
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Designation : |
Director |
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Address : |
201, Viola Survey No.118/C-5, Near Cipla Foundation, Warje, Kothrud,
Pune – 411 052, |
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Date of Birth/Age : |
18.11.1973 |
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Date of Appointment : |
06.11.2005 |
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DIN No. : |
00325003 |
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Name : |
Mr. Yogesh Kamre |
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Designation : |
Director |
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Date of Birth/Age : |
30 Years |
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Name : |
Mr. Sanket Meher |
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Designation : |
Director |
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Name : |
Mr. Rajendra Gandhi |
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Designation : |
Director |
MAJOR SHAREHOLDERS
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Anilraj Vasant Pise |
|
5500045 |
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Vasant Eknath Pise |
|
1500045 |
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Vijayraj Vasant Pise |
|
2999910 |
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Total |
|
10000000 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Fabrication, Trading and Manufacturing of Special Purpose Machines and
Process Equipments. |
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Products : |
Drying System
Mixers
Evaporators
Other Equipment
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Exports : |
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Products : |
Engineering Goods and Equipments |
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Countries : |
·
·
·
·
·
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
·
The Saraswat Co-Operative Bank Limited, C-2,
Kohinoor Estate Co-Operative Housing Society, Plot No. 12, ·
The Saraswat Co-Operative Bank Limited, 2nd
Floor, Above F.C. Road Branch, Ganeshwadi, Opposite Hotel Vaishali Shivaji
Nagar, Pune – 411 004, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
M.M. Sancheti and Company Chartered Accountants |
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Address : |
273, Sudarshan Apartment, Shridhar Nagar, Chinchwad, Pune – 411 033, |
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Income-tax
PAN of auditor or auditor's firm : |
ABYPS7415A |
CAPITAL STRUCTURE
After 29.09.2012
Authorised Capital : Rs. 150.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 150.000
Millions
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
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|
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(a) Share Capital |
|
100.000 |
42.000 |
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(b) Reserves & Surplus |
|
106.975 |
93.886 |
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(c) Money
received against share warrants |
|
0.000 |
0.000 |
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|
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(2) Share Application money pending allotment |
|
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
|
206.975 |
135.886 |
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|
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(3)
Non-Current Liabilities |
|
|
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(a) long-term borrowings |
|
239.668 |
135.282 |
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(b) Deferred tax liabilities (Net) |
|
1.934 |
0.856 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
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(d) long-term provisions |
|
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
|
241.602 |
136.138 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
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(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
201.764 |
93.366 |
|
(c) Other current
liabilities |
|
23.361 |
13.589 |
|
(d) Short-term provisions |
|
50.049 |
49.856 |
|
Total Current Liabilities (4) |
|
275.174 |
156.811 |
|
|
|
|
|
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TOTAL |
|
723.751 |
428.835 |
|
|
|
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|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
171.834 |
91.028 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
171.834 |
91.028 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.025 |
0.025 |
|
(b) Inventories |
|
131.111 |
90.828 |
|
(c) Trade receivables |
|
358.101 |
203.363 |
|
(d) Cash and cash
equivalents |
|
12.456 |
6.025 |
|
(e) Short-term loans and
advances |
|
28.108 |
29.961 |
|
(f) Other current assets |
|
22.116 |
7.605 |
|
Total Current Assets |
|
551.917 |
337.807 |
|
|
|
|
|
|
TOTAL |
|
723.751 |
428.835 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
15.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
72.073 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
87.073 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
72.178 |
|
|
2] Unsecured Loans |
|
|
5.006 |
|
|
TOTAL BORROWING |
|
|
77.184 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.744 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
165.001 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
91.884 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.025 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
68.985
|
|
|
Sundry Debtors |
|
|
115.449
|
|
|
Cash & Bank Balances |
|
|
8.642
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
13.469
|
|
Total
Current Assets |
|
|
206.545
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
95.916
|
|
|
Other Current Liabilities |
|
|
29.104
|
|
|
Provisions |
|
|
8.433
|
|
Total
Current Liabilities |
|
|
133.453
|
|
|
Net Current Assets |
|
|
73.092
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
165.001 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
628.365 |
448.122 |
211.998 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
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TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
114.720 |
88.147 |
29.183 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
9.349 |
9.788 |
6.558 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
105.371 |
78.359 |
22.625 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
33.204 |
18.085 |
8.432 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
72.167 |
60.274 |
14.193 |
|
|
|
|
|
|
|
|
|
|
PROFIT CARRIED
TO BALANCE SHEET |
1.695 |
11.955 |
1.793 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
7.22 |
14.35 |
NA |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
1000.000 |
Expected Sales (2013-2014): Rs. 1800.000 Millions
The above information has been parted by Mr. Rajendra Gandhi.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.56
|
18.27
|
7.58
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.51
|
0.58
|
0.26
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.16
|
0.99
|
0.89
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.01
|
2.15
|
1.55
|
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 |
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 |
Yes |
|
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 |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loan from director |
9.075 |
9.075 |
|
Total
|
9.075 |
9.075 |
Note: The Registered
Office of the company has been shifted from 370, Muralidhar Apartments, Shaniwar
Peth, Pune - 411 030, Maharashtra, India to the present address w.e.f.
10.08.2007.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U29299PN2003PTC017672 |
|
Name of the company |
RAJ PROCESS EQUIPMENTS AND SYSTEMS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in |
Plot No. 166 and 167, Sector-7, PCNTDA, Bhosari, Pune – 411 026, E-Mail: anil@rajprocessequipment.com |
|
This form is for |
Modification of charge |
|
Charge identification number of the modified |
10401562 |
|
Type of charge |
Book Debts Movable Property (not being pledge) Floating Charge Others (All other intangible assets) |
|
Particular of charge holder |
The Saraswat Co-Operative Bank Limited, C-2, Kohinoor Estate
Co-Operative Housing Society, Plot No. 12, E-Mail: csadeshpande@gmail.com |
|
Nature of description of the instrument creating or modifying the
charge |
Agreement of Hypothecation of Vehicle Dated 25th March,
2013 |
|
Date of instrument Creating the charge |
25.03.2013 |
|
Amount secured by the charge |
Rs. 2.400 millions |
|
Brief particulars of the principal terms and conditions and extent and
operation of the charge |
Rate of
Interest: At par with PLR=14.50% p.a. with monthly rests, or at such rates as
may be prescribed in future by the Bank from time to time. Present PLR is
14.50% p.a. Terms of
Repayment: Term Loan XVI of Rs. 2.400 millions to be repaid within 60 months from
the date of disbursement as under:- 60 monthly installments of Rs. 0.040 million each Interest to be paid separately at actual. Margin: 30% Hypothecation of commercial vehicles to be purchased Extent and
Operation of the charge: Type of facility: Term Loan XVI of Rs. 2.400 millions Others: Term Loan sanctioned to be utilised within a maximum period of 12
months after the first disbursement and all other terms and condition as per
agreement |
|
Short particulars of the property charged |
1)
All piece or parcel of land and building at Plot
No. 167 adm 1035 sq. mtrs, in Sector 7 PCNDTA, Bhosari, Pune 2)
All piece or parcel of land bearing adm 1 H 15
acres that is 12.5 acres out of Gat No.373,
(Old S.No. 2907) Kharabwadi, Chakan, Taluka Khed, Pune 3)
Anilraj Pise-All piece or parcel of Office No.
330 (P), 331, 332, 333 and 334 totally adm 1278 sq. ft or 118.72 mtrs. Carpet
area on 3rd Floor of Building No. B Wing R-2 In Jai Ganesh Vision
S.No. 171/A1, 171/B and 171/2 Akurdi,Pune 4)
Govind and S. Choudhari-all piece or parcel of
Office No. 339, 340 and 341 totally adm 902 sq ft or 83.79 mtrs carpet area
on 3rd Floor of Bldg No. B Wing R-2 in Jai Ganesh Vision S.No.
171/B1, 171/B and 172/2 Akurdi, Pune 5)
All piece or parcel of land at Plot No.166 adm
1034 sq. mtrs Sector No. 7 of PCNTDA at Bhosari, Pune 6)
All that piece or parcel of land bearing Plot No.
I-14 adm 20234.30 sq. mtrs. situated at Nimgaon, Khed, Pune 7)
All piece and parcel of land adm 5H 60 ares out
of land bearing Gat No. 530 at Ahire, Khandala, District Satara. Together
with all right, title and interest in said lands and together with bldg and
structure now standing thereon or which may be constructed thereon and
together with all present and future FSI and all easementory rights attached
to the said properties. |
|
Whether any of the property or interest therein under reference is not
registered in the name of the company If yes, in whose name it is registered |
Yes 1) Anilraj Pise 2) Shri Govind Choudhari 3) Mrs. Sujata Choudhari |
|
|
|
|
Particulars of the present modification |
There is no change in existing limit but now modified by way of
hypothecation of vehicle. Vehicle - the borrower/s doth do hereby hypothecate to and in favour
of the bank the motor vehicle viz. Star Bus - (54+1) H. Back E - III
registered with the RTO Pune. |
FIXED ASSETS:
·
·
Office Premises
·
·
Electrical Installation
·
Plant and Machinery
·
Computers
·
Office Equipments
·
Furniture and Fixture
·
Vehicle – Star Bus
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. 59.71 |
|
|
1 |
Rs. 90.59 |
|
Euro |
1 |
Rs. 78.22 |
INFORMATION DETAILS
|
Information
Gathered By : |
SVA |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.