MIRA INFORM REPORT
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Report Date : |
23.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAMTEC TOOLS AND ACCESSORIES PRIVATE LIMITED |
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Registered
Office : |
Apartment No. 1, Sheetal Apartments, Opposite Mahavir Jain Vidyalaya, BMCC
Collage Road, CTS 850/2, Final Plot No. 185, Pune – 411004, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
20.07.2004 |
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Com. Reg. No.: |
25-019530 |
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Capital Investment
/ Paid-up Capital : |
Rs. 0.100
Million |
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CIN No.: [Company Identification
No.] |
U29299PN2004PTC019530 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNES11801G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Cutting Tool and Machine Tool Accessories. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 125000 |
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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 and a reputed company having fine track
record. Trade relations are reported as fair. Business is active. Payments
are reported to be regular 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.
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 : |
Ms. Mukta |
|
Designation : |
Accounts Manager |
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Contact No.: |
91-20-25666761 |
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Date : |
20.05.2013 |
LOCATIONS
|
Registered Office : |
Apartment No. 1, Sheetal Apartments, Opposite Mahavir Jain Vidyalaya,
BMCC Collage Road, CTS 850/2, Final Plot No. 185, Pune – 411004, Maharashtra,
India |
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Tel. No.: |
91-20-25662269/ 25666761 |
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Fax No.: |
91-20-25666760 |
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E-Mail : |
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Website : |
DIRECTORS
AS ON 27.09.2012
|
Name : |
Mr. Anil Vasant Pradhan |
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Designation : |
Managing Director |
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Address : |
C 411 and 412, Paradise
Towers, Baner, Pune – 411045, Maharashtra,
India |
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Date of Birth/Age : |
26.08.1936 |
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Date of Appointment : |
01.07.2009 |
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DIN No.: |
00041971 |
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Name : |
Mrs. Pratibha Anil Pradhan |
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Designation : |
Director |
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Address : |
Flat No. 802, LE Mirage,
16, Boat Club Road, Pune - 411001, Maharashtra, India |
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Date of Birth/Age : |
03.10.1941 |
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Date of Appointment : |
01.09.2004 |
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DIN No.: |
00045880 |
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Name : |
Mr. Samir Anil Pradhan |
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Designation : |
Whole-time Director |
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Address : |
Flat No. A-901, 9th Floor, Palladium, Mangaldas Road, Pune - 411001, Maharashtra |
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Date of Birth/Age : |
10.11.1963 |
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Date of Appointment : |
01.07.2009 |
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DIN No.: |
00400647 |
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Name : |
Vasant Digamber Kher |
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Designation : |
Director |
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Address : |
Flat No. 4, Plot No.
105/26, Savli, Survey No.105, Lane No.14, Prabhat Road, Pune - 411004,
Maharashtra, India |
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Date of Birth/Age : |
31.08.1937 |
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Date of Appointment : |
01.08.2006 |
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DIN No.: |
01500852 |
KEY EXECUTIVES
|
Name : |
Ms. Mukta |
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Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2012
|
Names of Shareholders |
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No. of Shares |
|
Anil Vasant Pradhan |
|
8600 |
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Pratibha Anil Pradhan |
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1400 |
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Total |
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10000 |
AS ON 27.09.2012
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
|
100.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Cutting Tool and Machine Tool Accessories. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
Ø Citibank N. A.,
Ground Floor 37/3, Citibank, Onyx Tower, Near Westin Hotel, North Main Road, Koregaon
Park, Pune - 411001, Maharashtra, India Ø Citibank N. A.,
Cititower, Dr. S. S. Rao Road, Parel, Mumbai - 400012, Maharashtra, India Ø Bank of
Maharashtra |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Ramesh Rahalkar and Company Chartered Accountants |
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Address : |
Unit No.2, Sampada Apartments, C.T.S No. 695, Narayan Peth, Lane
Behind Lokhande Talim, Pune – 411030, Maharashtra, India |
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Tel. No.: |
91-20-24452408/ 24453687/ 24487628 |
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Income-tax
PAN of auditor or auditor's firm : |
AAZPR8011R |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
50,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
10,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
31.271 |
27.539 |
27.066 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
31.371 |
27.639 |
27.166 |
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LOAN FUNDS |
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1] Secured Loans |
3.615 |
2.637 |
4.045 |
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2] Unsecured Loans |
5.000 |
5.000 |
6.462 |
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TOTAL BORROWING |
8.615 |
7.637 |
10.507 |
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DEFERRED TAX LIABILITIES |
0.216 |
0.269 |
0.000 |
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TOTAL |
40.202 |
35.545 |
37.673 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
8.826 |
9.741 |
10.624 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
2.751 |
4.779 |
6.541 |
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DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
17.430
|
12.445 |
9.499 |
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Sundry Debtors |
22.472
|
17.363 |
15.387 |
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Cash & Bank Balances |
0.725
|
1.024 |
1.202 |
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Other Current Assets |
0.535
|
0.472 |
6.981 |
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Loans & Advances |
14.027
|
10.820 |
0.782 |
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Total
Current Assets |
55.189
|
42.124 |
33.851 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
8.548 |
7.312 |
5.245 |
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Other Current Liabilities |
1.692
|
1.145 |
0.000 |
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Provisions |
16.324
|
12.642 |
8.107 |
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Total
Current Liabilities |
26.564
|
21.099 |
13.352 |
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Net Current Assets |
28.625
|
21.025 |
20.499 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.009 |
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TOTAL |
40.202 |
35.545 |
37.673 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SALES |
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Income |
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Other Income |
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TOTAL (A) |
134.403 |
104.545 |
82.319 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL (B) |
119.920 |
92.924 |
70.702 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
14.483 |
11.621 |
11.617 |
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Less |
FINANCIAL
EXPENSES (D) |
0.816 |
0.933 |
0.970 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
13.667 |
10.688 |
10.647 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.257 |
1.450 |
1.534 |
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PROFIT BEFORE
TAX (E-F) (G) |
12.410 |
9.238 |
9.113 |
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Less |
TAX (H) |
4.029 |
2.934 |
3.085 |
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PROFIT AFTER TAX
(G-H) (I) |
8.381 |
6.304 |
6.028 |
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Less |
APPROPRIATIONS |
|
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|
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|
Interim Dividend |
2.500 |
2.500 |
4.000 |
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Tax on Interim Dividend |
0.406 |
0.415 |
0.680 |
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|
Proposed Dividend |
1.500 |
2.500 |
0.500 |
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Tax on Proposed Dividend |
0.243 |
0.415 |
0.085 |
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BALANCE CARRIED
TO THE B/S |
3.732 |
0.474 |
0.763 |
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EARNINGS IN
FOREIGN CURRENCY |
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Export Earnings |
3.111 |
1.711 |
N.A. |
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Earnings Per
Share (Rs.) |
838.10 |
630.40 |
602.80 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
6.24
|
6.03 |
7.32 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
19.39
|
17.81 |
20.49 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.40
|
0.33 |
0.34 |
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Debt Equity Ratio (Total Debt/Networth) |
|
0.27
|
0.28 |
0.39 |
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Current Ratio (Current Asset/Current Liability) |
|
2.08
|
2.00 |
2.54 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Trade payable |
|
|
|
|
For Goods |
8.548 |
7.312 |
5.245 |
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Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
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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 |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Anil Pradhan |
2.500 |
2.500 |
|
Sanjai Jatar |
0.100 |
0.100 |
|
Pratibha Anil Pradhan |
2.000 |
2.000 |
|
Sangeeta Jatar |
0.400 |
0.400 |
|
Total |
5.000 |
5.000 |
OPERATIONS:
In line with projections, their revenue has increased by 26% in FY
2011-12 compared to the last FY 2010-11. Profit before tax as a percentage of revenue
was 8.9% compared to 8.6% in the last financial year. They had budgeted a
profit at 10% but this could not be realized owing to a sharp declined in value
of the Rupee against Dollar and Euro during the second half of the last
financial year. This unfavourable trend has persisted during the first half of
the current financial year 12-13 and profits continue to be under severe
pressure.
They expect to achieve an increase in revenue of 20% during the current
financial year 12-13 compared to last year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U29299PN2004PTC019530 |
|
Name of the
company |
SAMTEC TOOLS AND
ACCESSORIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Apartment No. 1, Sheetal Apartments, Opposite Mahavir Jain Vidyalaya,
BMCC Collage Road, CTS 850/2, Final Plot No. 185, Pune – 411004, Maharashtra,
India Email: finance@samtectools.com
|
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Citibank N. A., Ground Floor 37/3, Citibank, Onyx Tower, Near Westin Hotel,
North Main Road, Koregaon Park, Pune - 411001, Maharashtra, India Email: amit.shahane@citi.com
|
|
Nature of
description of the instrument creating or modifying the charge |
Mortgage loan
agreement |
|
Date of
instrument Creating the charge |
04.03.2013 |
|
Amount secured by
the charge |
Rs. 16.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Base Rate : 9.50% Terms of Repayment The Loan to be
Repayment in 120 months. Amount of each MMR - Rs.0.214 Million Margin As may be
stipulated by the Bank from time to time. Extent and Operation of the charge Repayment of
loan, interest, fees, costs, charges & expenses and all other amounts
payable under this Agreement shall be secured by a first exclusive charge by
way of mortgage in favour of the Bank against the property and any other
securities as may be acceptable to the Bank. Others The Bank shall
have the right to decide the type and manner and the timing of creation of
mortgage or any other security/additional security to be created by Borrower
for securing the loan and all other amounts and the Borrower is bound to
create such security and shall duly execute documents evidencing the same as
may be required by the Bank |
|
Short particulars
of the property charged |
Immovable
property situated at Bunglow No. 1, Bougan Villa, S. No. 33/3, Balewadi, Pune
411045. |
FIXED ASSETS:
Ø
Land and Building
Ø
Office Equipments
Ø
Computer and Printers
Ø
Furniture and Fixture
Ø
Vehicles
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 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. 55.52 |
|
|
1 |
Rs. 84.09 |
|
Euro |
1 |
Rs. 71.67 |
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 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.