MIRA INFORM REPORT
|
Report Date : |
29.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHANZ POWERTECHS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-17 Ram Rahim Udyog Nagar, Near Sainath Hotel, Sonapur, Bhandup (West), Mumbai – 400078, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.02.1998 |
|
|
|
|
Com. Reg. No.: |
11-113742 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.102 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45207MH1998PTC113742 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and erection Of Transmission Line Tower / Switch yard Structures, Railway and MSED Approved Contractor Company is into Service industry. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 35000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a satisfactory track record.
Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct and as per commitment. The company can be considered for normal 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
LOCATIONS
|
Registered Office : |
A-17 Ram Rahim Udyog Nagar, Near Sainath Hotel,
Sonapur, Bhandup (West), Mumbai – 400078, Maharashtra, India |
|
Tel. No.: |
91-22-25965985/ 25625985/ 25963599 |
|
Mobile No.: |
91-9869056629 (Mr. Mohamed Hasnain Sarajul Sheikh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Mohamed Hasnain Sarajul Sheikh |
|
Designation : |
Director |
|
Address : |
504/12-B, Premjyot Complex, Chembur Mankhurd Link Road, Shivaji Nagar,
Mumbai – 400043, Maharashtra, India |
|
Date of Birth/Age : |
03.02.1951 |
|
Date of Appointment : |
26.02.1998 |
|
DIN No.: |
00839791 |
|
|
|
|
Name : |
Mr. Zakia Mohamed Hasnain Shaikh |
|
Designation : |
Director |
|
Address : |
504/12-B, Premjyot Complex, Chembur Mankhurd Link Road, Shivaji Nagar,
Mumbai – 400043, Maharashtra, India |
|
Date of Birth/Age : |
23.02.1951 |
|
Date of Appointment : |
26.02.1998 |
|
DIN No.: |
00839871 |
MAJOR SHAREHOLDERS
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Mohamed Hasnain Sarajul Sheikh |
|
510 |
|
Zakia Mohamed Hasnain Shaikh |
|
510 |
|
Total |
|
1020 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and erection Of Transmission Line Tower / Switch
yard Structures, Railway and MSED Approved Contractor Company is into Service
industry. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
|
|
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|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Agarwal and Mangal Chartered Accountants |
|
Address : |
14/16, Popatwadi, 1st Floor, Kalbadevi Road, Mumbai - 400002, Maharashtra, India |
|
Tel. No.: |
91-22-22091464/ 1883 |
|
Fax No.: |
91-22-22083683 |
|
E-Mail : |
|
|
PAN No.: |
AABFA2919F |
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|
|
|
Other related Parties (Entities in which Director or their relatives
have significant influence) : |
Oswal Metachem India Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1020 |
Equity Shares |
Rs.100/-
each |
Rs.0.102
Million |
|
|
|
|
|
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 |
|
|
|
|
(a) Share Capital |
|
0.102 |
0.102 |
|
(b) Reserves & Surplus |
|
8.739 |
5.800 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.018 |
0.018 |
|
Total
Shareholders’ Funds (1) + (2) |
|
8.859 |
5.920 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
0.000 |
0.000 |
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
4.170 |
8.599 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
4.170 |
8.599 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
11.152 |
5.213 |
|
(b) Trade payables |
|
48.244 |
18.000 |
|
(c) Other current
liabilities |
|
5.934 |
3.415 |
|
(d) Short-term
provisions |
|
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
|
65.330 |
26.628 |
|
|
|
|
|
|
TOTAL |
|
78.359 |
41.147 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
14.111 |
14.762 |
|
(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 |
|
14.111 |
14.762 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
5.807 |
4.614 |
|
(c) Trade receivables |
|
47.765 |
12.954 |
|
(d) Cash and cash
equivalents |
|
2.617 |
8.344 |
|
(e) Short-term loans
and advances |
|
8.059 |
0.473 |
|
(f) Other current
assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
64.248 |
26.385 |
|
|
|
|
|
|
TOTAL |
|
78.359 |
41.147 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.120 |
|
|
2] Share Application Money |
|
|
4.855 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
4.975 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.216 |
|
|
2] Unsecured Loans |
|
|
4.761 |
|
|
TOTAL BORROWING |
|
|
4.977 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
9.952 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
15.650 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
4.420 |
|
|
Sundry Debtors |
|
|
13.010 |
|
|
Cash & Bank Balances |
|
|
8.389 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
1.415 |
|
Total
Current Assets |
|
|
27.234 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
20.722 |
|
|
Other Current Liabilities |
|
|
11.710 |
|
|
Provisions |
|
|
0.500 |
|
Total
Current Liabilities |
|
|
32.932 |
|
|
Net Current Assets |
|
|
(5.698) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
9.952 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
159.781 |
57.037 |
|
|
|
|
Other Income |
0.438 |
2.405 |
|
|
|
|
TOTAL |
160.219 |
59.442 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
58.047 |
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
58.047 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
1.395 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
0.450 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.938 |
0.945 |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2881.29 |
926.88 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.83
|
1.59 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
2.45 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
3.39 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.24 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.26
|
0.88 |
1.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.98
|
0.99 |
0.83 |
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 two years |
Yes |
|
12] |
Profitability for last two 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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
Note: The
registered office of the company has been shifted from 504/12-B, Premjyot Complex, Chembur Mankhurd
Link Road, Shivaji Nagar, Mumbai – 400043, Maharashtra, India to present address
w.e.f.02.05.2008.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U45207MH1998PTC113742 |
|
Name of the
company |
SHANZ POWERTECHS PRIVATE
LIMITED |
|
Address of the
registered office or of the principal place of business in |
A-17 Ram Rahim Udyog Nagar, Near Sainath Hotel, Sonapur, Bhandup (West), Mumbai – 400078, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
90365742 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Indian Overseas Bank,
Chhedda Nagar Branch, Subramanian Temple Complex, Chheda Nagar, Chembur,
Mumbai - 400089, Maharashtra, India |
|
Nature of
instrument creating charge |
Supplemental narration
of deposit of title deeds (cash credit - Rs. 15.000 Millions and letter of
guarantee - Rs. 15.000 Millions) |
|
Date of
instrument Creating the charge |
31.01.2013 |
|
Amount secured by
the charge |
Rs.30.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest For Cash Credit
Rate Of Interest : Br + 2.75% Pa I.E 13.25% Pa At Present For Letter Of
Guarantee - As May Be Decided By The Bank. Terms of Repayment As may be decided
by the bank. Margin For cash credit -
25% on paid stock and 50% on debtors. For letter of
guarantee - 25% cash/deposit margin. Extent and Operation of the charge Charge is created
against mortgage of immovable property of the company in favour of the bank. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
|
|
Particulars of
the present modification |
Charge is originally
created for Rs. 9.500 Millions, subsequently modified to Rs. 19.000 Millions
and now modified to Rs. 30.000 Millions and secured against mortgage of
immovable property of the company i.e all that piece of land bearing
sub-divided plot no.51, s.no.88/1, village pundhe, taluka shahapur, dist
thane, admeasuring 1500 sq.mtrs and construction thereon. |
FIXED ASSETS:
- Land
- Computer
- Compressors
- Air
Conditioner
- Generator
- Inverter
- Motor car
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.59.70 |
|
|
1 |
Rs.91.14 |
|
Euro |
1 |
Rs.77.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
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 |
|
45 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.