MIRA INFORM REPORT
|
Report Date : |
14.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
VULCAN INDUSTRIAL ENGINEERING COMPANY LIMITED (w.e.f. 29.06.2006) |
|
|
|
|
Formerly Known
As : |
VULCAN INDUSTRIAL ENGINEERING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
302, Sai Chambers, Opposite Railway Station, Santacruz (East), Mumbai -400055,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.07.1971 |
|
|
|
|
Com. Reg. No.: |
11-015257 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.289 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210MH1971PLC015257 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMV10520G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV2931Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Wholesalers, Suppliers,
Exporters and Manufacturers of foot mounted gearbox, gear boxes such as
industrial gearbox, automotive gearbox, commercial gearbox, reduction gearbox,
single stage gearbox, and worm reduction gearbox, etc. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2160000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There appears dip in profit of the company. However, overall financial
position of the company appears to be above average. 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 for business dealing 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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says the
latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loans=BBB |
|
Rating Explanation |
Moderate credit quality and average credit
risk. |
|
Date |
May 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
LC Limits=A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
May 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 DENITED BY
|
Name : |
Mr. Ketan Patel |
|
Designation : |
Account Manager |
|
Contact No.: |
91-2692-236032 |
|
Date : |
12.11.2013 |
LOCATIONS
|
Registered Office : |
302, Sai Chambers, Opposite Railway Station, Santacruz (East), Mumbai –
400 055, Maharashtra, India |
|
Tel. No.: |
91-2692-236032 |
|
Fax No.: |
91-2692-236032 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
A-2/440, GIDC, Vithal Udyognagar, Anand – 388 121, Gujarat, India |
|
Tel. No.: |
91-2692-236032 |
|
Fax No.: |
91-2692-238723 |
|
E-Mail : |
|
|
|
|
|
Unit I : |
Survey No. 1091, Sunav – Kasor Road, Piplav, Anand – 388 121, Gujarat,
India |
|
Tel. No.: |
91-2697-235811 |
|
Fax No.: |
91-2697-235877 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Ankit Sanjay Gandhi |
|
Designation : |
Additional Director |
|
Address : |
Manjul, |
|
Date of Birth/Age : |
M.B.A. |
|
Date of Appointment : |
01.06.2010 |
|
DIN No.: |
00044642 |
|
|
|
|
Name : |
Mr. Sanjay Jayantilal Gandhi |
|
Designation : |
Managing Director |
|
Address : |
Manjul, Bakrol Road, Vallabh Vidya Nagar, Anand - 388120, Gujarat, India |
|
Date of Birth/Age : |
21.12.1963 |
|
Qualification : |
B.E. Mech |
|
Date of Appointment : |
01.09.1984 |
|
DIN No.: |
00044714 |
|
|
|
|
Name : |
Mr. Rajiv Jayantilal Gandhi |
|
Designation : |
Whole Time Director |
|
Address : |
Manjul, Bakrol Road, Vallabh Vidya Nagar, Anand - 388120, Gujarat,
India |
|
Date of Birth/Age : |
06.04.1965 |
|
Qualification : |
B.E. Mech |
|
Date of Appointment : |
01.09.1984 |
|
DIN No.: |
00044737 |
|
|
|
|
Name : |
Mr. Jayantilal Gokaldas Gandhi |
|
Designation : |
Whole Time Director |
|
Address : |
Manjul, Bakrol Road, Vallabh Vidya Nagar, Anand - 388120, Gujarat,
India |
|
Date of Birth/Age : |
27.12.1927 |
|
Qualification : |
B.E. Mech |
|
Date of Appointment : |
31.07.1971 |
|
DIN No.: |
00044754 |
|
|
|
|
Name : |
Mr. Serugalathur Ramnath Rajagopal |
|
Designation : |
Director |
|
Address : |
12, Greenview Apartment, 119, Southern Venue, |
|
Qualification : |
B.E. Mech |
|
Date of Appointment : |
01.04.2005 |
|
Din No.: |
01126919 |
KEY EXECUTIVES
|
Name : |
Mr. Ketan Patel |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS
AS ON 29.09.2012
|
Names of Equity Shareholders |
|
No. of Shares |
|
Jayantilal Gokaldas Gandhi |
|
192350 |
|
Sanajy Jayantilal Gandhi |
|
180680 |
|
Rajiv Jayantilal Gandhi |
|
153870 |
|
Bhavna S. Gandhi |
|
103040 |
|
Ankit Sanjay Gandhi |
|
128525 |
|
Ami S. Gandhi |
|
17910 |
|
Mona R. Gandhi |
|
100020 |
|
Master Aditya Gandhi |
|
122500 |
|
Ajit Kantilal Sheth |
|
12610 |
|
Panna Ajit Sheth |
|
11010 |
|
Amith Sheth |
|
6331 |
|
|
|
|
|
Total |
|
1028846 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Ashwinbhai Rasiklal Shah |
|
10 |
|
Kishor Dipchand Motwani |
|
10 |
|
Saroj Kishor Motwani |
|
10 |
|
Rakshaben Bhaskarbhai Patel |
|
10 |
|
|
|
|
|
Total |
|
40 |
LIST OF ALLOTTESS:
AS ON 30.03.2013
|
Names of Equity Shareholders |
|
No. of Shares |
|
Ankit Sanjay Gandhi |
|
2586 |
|
Bhavna Sanjay Gandhi |
|
690 |
|
Bharat Dinkarlal Shah |
|
1725 |
|
Bhaskar Kumar Kantibhai Patel |
|
863 |
|
Bhavana Bharat Shah |
|
1379 |
|
Dinkarlal Occhavlal Shah |
|
1207 |
|
Jayantilal Gokaldas Gandhi |
|
5173 |
|
Rajiv Jayantilal Gandhi |
|
10047 |
|
Raksha Bhaskar Kumar Patel |
|
4741 |
|
Sanjay Jayantilal Gandhi |
|
3449 |
|
Siddharth Nitin Shah |
|
1035 |
|
Sushma Nitin Shah |
|
690 |
|
Venkatamurali Krishna Tripuraneni |
|
5173 |
|
Tapan Ghosh |
|
17242 |
|
Saroj Kishor Motwani |
|
2586 |
|
Kishor Dipchand Motwani |
|
1724 |
|
Rajendea Shankarprasad Desai |
|
345 |
|
Rani Ramesh Singh |
|
862 |
|
Rameshchandra Molaram Singh |
|
862 |
|
Rameshchandra Molaram Singh (HUF) |
|
862 |
|
Rajiv J. Gandhi |
|
838 |
|
Amit Ajitbhai Sheth |
|
20731 |
|
|
|
|
|
Total |
|
84810 |
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 : |
Wholesalers, Suppliers, Exporters
and Manufacturers of foot mounted gearbox, gear boxes such as industrial
gearbox, automotive gearbox, commercial gearbox, reduction gearbox, single
stage gearbox, and worm reduction gearbox, etc. |
||||||||||
|
|
|
||||||||||
|
Products : |
|
PRODUCTION STATUS (As on: 31.03.2010)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Spares and Components |
Nos. |
NA |
9000 |
6783 |
|
Gear Box |
Nos. |
NA |
500 |
293 |
|
Drill Rod |
Nos. |
NA |
7000 |
4056 |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Canara Bank, Station Road, Anand – 388 001, Gujarat, India ·
Bank of Baroda, Vallabh Vidhyanagar Branch, Nana
Bazar, Opposite Nalini College, District
Anand – 388 120, Gujarat, India ·
Indian Overseas Bank, Delisle Road Branch, Bombay
– 400 011, Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institutions : |
Gujarat State Financial Corporation, Jaldarshan Building, Ashram Road,
Ahmedabad – 380 009, Gujarat, India |
|
|
|
|
Auditors : |
|
|
Name : |
J. L. Gandhi and Associates Chartered Accountants |
|
PAN No.: |
AAAFJ3450H |
|
|
|
|
Subsidiaries : |
· VSA Mining Equipment Pty Limited · Vulcan USA Inc |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1400000 |
Equity Shares |
Rs. 10/- each |
Rs.14.000 Millions |
|
100000 |
Preference Shares |
Rs. 10/- each |
Rs.1.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs.15.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1028846 |
Equity Shares |
Rs. 10/- each |
Rs.10.288 Millions |
|
40 |
Preference Shares |
Rs. 10/- each |
Rs.0.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs.10.288
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 |
|
|
|
|
(a) Share Capital |
|
10.289 |
10.307 |
|
(b) Reserves & Surplus |
|
532.161 |
484.583 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
24.750 |
|
Total
Shareholders’ Funds (1) + (2) |
|
542.450 |
519.640 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
478.803 |
460.054 |
|
(b) Deferred tax liabilities (Net) |
|
36.548 |
39.797 |
|
(c) Other long term
liabilities |
|
42.759 |
40.740 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
558.110 |
540.591 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
308.997 |
216.828 |
|
(b) Trade
payables |
|
324.252 |
262.351 |
|
(c) Other
current liabilities |
|
47.875 |
33.503 |
|
(d) Short-term
provisions |
|
10.974 |
17.814 |
|
Total Current
Liabilities (4) |
|
692.098 |
530.496 |
|
|
|
|
|
|
TOTAL |
|
1792.658 |
1590.727 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
766.493 |
764.221 |
|
(ii)
Intangible Assets |
|
15.797 |
8.838 |
|
(iii)
Capital work-in-progress |
|
3.122 |
8.314 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
9.246 |
9.246 |
|
(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 |
|
794.658 |
790.619 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
278.622 |
233.844 |
|
(c) Trade
receivables |
|
659.941 |
486.998 |
|
(d) Cash
and cash equivalents |
|
15.703 |
46.820 |
|
(e)
Short-term loans and advances |
|
43.734 |
32.446 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
998.000 |
800.108 |
|
|
|
|
|
|
TOTAL |
|
1792.658 |
1590.727 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
10.307 |
|
|
2] Share Application Money |
|
|
4.500 |
|
|
3] Reserves & Surplus |
|
|
335.012 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
349.819 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
425.507 |
|
|
2] Unsecured Loans |
|
|
6.350 |
|
|
TOTAL BORROWING |
|
|
431.857 |
|
|
DEFERRED TAX LIABILITIES |
|
|
27.142 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
808.818 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
481.321 |
|
|
Capital work-in-progress |
|
|
49.171 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
3.995 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
147.170 |
|
|
Sundry Debtors |
|
|
393.373 |
|
|
Cash & Bank Balances |
|
|
30.604 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
20.744 |
|
Total
Current Assets |
|
|
591.891 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
242.365 |
|
|
Provisions |
|
|
75.195 |
|
Total
Current Liabilities |
|
|
317.560 |
|
|
Net Current Assets |
|
|
274.331 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
808.818 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
1200.386 |
1087.958 |
983.043 |
|
|
|
|
Other Income |
21.586 |
43.790 |
4.930 |
|
|
|
|
TOTAL (A) |
1221.972 |
1131.748 |
987.973 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
525.128 |
436.077 |
|
|
|
|
|
Purchase of Stock-in-trade |
22.542 |
2.787 |
|
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(26.830) |
(50.823) |
|
|
|
|
|
Employee Benefits Expenses |
105.408 |
95.518 |
|
|
|
|
|
Other Expenses |
327.485 |
331.082 |
|
|
|
|
|
TOTAL (B) |
953.733 |
814.641 |
699.434 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
268.239 |
317.107 |
288.539 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
91.826 |
62.462 |
52.128 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
176.413 |
254.645 |
236.411 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
118.946 |
76.405 |
69.298 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
57.467 |
178.240 |
167.113 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
9.751 |
34.169 |
63.761 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
47.716 |
144.071 |
103.352 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
314.155 |
200.084 |
126.754 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
403.166 |
80.438 |
98.342 |
|
|
|
|
Other Earnings |
1.366 |
0.000 |
0.648 |
|
|
|
TOTAL EARNINGS |
404.532 |
80.438 |
98.990 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
92.420 |
34.603 |
|
|
|
|
|
Stores & Spares |
11.941 |
4.190 |
|
|
|
|
|
Capital Goods |
52.272 |
195.440 |
|
|
|
|
TOTAL IMPORTS |
156.633 |
234.233 |
NA |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
46.38 |
40.90 |
101.08 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.90
|
12.73 |
10.46 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.79
|
16.38 |
16.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.23
|
11.33 |
15.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.34 |
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.45
|
1.30 |
1.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.44
|
1.51 |
1.86 |
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 |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE:
·
Current Maturity of Long Term Debt is
Not Available.
·
The Registered Office of the company has been shifted
from 134 Khadilkar Road, Mumbai - 400004, Maharashtra, India to the present
address w.e.f. 01.03.2007
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loans repayable on
Demand from Others |
7.689 |
17.530 |
|
|
|
|
|
Total |
7.689 |
17.530 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10310199 |
07/07/2012 * |
179,500,000.00 |
BANK OF BARODA |
VALLABH VIDHYANAGAR BRANCH, NANA BAZAR, OPP. NALINI COLLEGE, DIST. ANAND, ANAND – 388 120, GUJARAT, INDIA |
B45594215 |
|
2 |
10197656 |
18/01/2010 |
1,400,000.00 |
AXIS BANK LIMITED |
2ND FLOOR, VARDHAMAN COMPLEX, BESIDES PIZZA HUT, RACE COURSE CIRCLE, VADODARA – 390 007, GUJARAT, INDIA |
A77788750 |
|
3 |
10197658 |
07/01/2010 |
979,000.00 |
AXIS BANK LIMITED |
2ND FLOOR, VARDHAMAN COMPLEX, BESIDES PIZZA HUT, RACE COURSE CIRCLE, VADODARA – 390 007, GUJARAT, INDIA |
A77788933 |
|
4 |
10187041 |
06/11/2009 |
240,000.00 |
AXIS BANK LIMITED |
2ND FLOOR, VARDHAMAN COMPLEX, BESIDES PIZZA HUT, RACE COURSE CIRCLE, VADODARA – 390 007, GUJARAT, INDIA |
A73567257 |
|
5 |
10156903 |
15/04/2009 |
2,900,000.00 |
AXIS BANK LIMITED |
2ND FLOOR, VARDHAMAN COMPLEX, BESIDES PIZZA HUT, RACE COURSE CIRCLE, VADODARA – 390 007, GUJARAT, INDIA |
A62047733 |
|
6 |
10094888 |
12/02/2013 * |
1,127,200,000.00 |
CANARA BANK |
STATION ROAD, ANAND – 388 001, GUJARAT, INDIA |
B68583814 |
|
7 |
90186747 |
31/01/2013 * |
947,700,000.00 |
CANARA BANK |
STATION ROAD, ANAND – 388 001, GUJARAT, INDIA |
B69007151 |
* Date of charge
modification
FIXED ASSETS:
·
Land
·
Factory Building
·
Plant and Machinery
·
Equipments, Appliances and Tools
·
Pattern and Dies
·
Electrical Installation
·
Office Equipment
·
Computer and Software
·
Motor Cars
·
Scooter and Cycle
·
Tractor and Trailer
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.63.65 |
|
|
1 |
Rs.101.17 |
|
Euro |
1 |
Rs.85.55 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
49 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.