MIRA
INFORM REPORT
|
Report Date : |
22.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
UNIMETAL CASTINGS LIMITED |
|
|
|
|
Registered
Office : |
6/E, Parvati Industrial Estate, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
13.07.1995 |
|
|
|
|
Com. Reg. No.: |
11-090557 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.17.350 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27310PN1995PLC090557 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KLPU00461G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU5073C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of CI and SGI Castings. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 170000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having a moderate track record. Profit margin of the company appears to be low. External borrowing
seems to be increasing which may act as a threat to be liquidity position. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
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
India’s current
account deficit or CAD in April-June widened to 4.9 % of gross domestic
product. High imports of gold and oil led to a worsening of the trade deficit,
resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9
billion in the corresponding quarter of the previous financial year. The
government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from
4.8 % or $ 88.2 billion in 2012/13.
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
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. Ajit Madhav Deodhar |
|
Designation : |
Managing Director |
|
Contact No.: |
91-9822010591 |
|
Date : |
21.10.2013 |
LOCATIONS
|
Registered Office : |
6/E, Parvati Industrial Estate, Sangli Road, Yadrav, Kolhapur –
416115, Maharashtra, India |
|
Tel. No.: |
91-2322-252116 |
|
Mobile No.: |
91-9822010591/ 9822309979 (Mr. Ajit) |
|
Fax No.: |
91-2322-252760 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.82 to 85, Sector “F”, Parvati Co-Operative Industrial Estate,
Sangli Road, Ichalkaranji, Kolhapur – 416145, Maharashtra, India |
|
Tel No.: |
91-2322-252089 |
|
Fax No.: |
91-2322-252760 |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Ajit Madhav Deodhar |
|
Designation : |
Managing Director |
|
Address : |
17, R.K. Nagar, Onkareshwar Road, Parvati
Housing Society, Yadrav – 416145, Maharashtra, India |
|
Date of Birth/Age : |
04.01.1974 |
|
Date of Appointment : |
16.08.2012 |
|
DIN No.: |
00204236 |
|
|
|
|
Name : |
Mr. Anand Madhav Deodhar |
|
Designation : |
Director |
|
Address : |
12, Abhiman Apt, Tulsibagwale Colony, Sahakar Nagar, Pune
– 411009, Maharashtra, India |
|
Date of Birth/Age : |
21.11.1975 |
|
Date of Appointment : |
15.07.2005 |
|
DIN No.: |
00204154 |
|
|
|
|
Name : |
Mrs. Sumitra Madhav Deodhar |
|
Designation : |
Director |
|
Address : |
17, R.K. Nagar, Onkareshwar Road, Parvati Housing
Society, Yadrav – 416145, Maharashtra, India |
|
Date of Birth/Age : |
23.06.1950 |
|
Date of Appointment : |
03.11.2003 |
|
DIN No.: |
00204269 |
|
|
|
|
Name : |
Mr. Madhav Vishwanath Deodhar |
|
Designation : |
Director |
|
Address : |
17, R.K. Nagar, Onkareshwar Road, Parvati
Housing Society, Yadrav – 416145, Maharashtra, India |
|
Date of Birth/Age : |
26.07.1943 |
|
Date of Appointment : |
16.08.2012 |
|
DIN No.: |
00204197 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Madhav Vishwanath
Deodhar |
|
282740 |
|
Vilas Mohanlal
Shah |
|
6510 |
|
Dhondappa
Mallappa Biradar |
|
10 |
|
Ajit Madhav
Deodhar |
|
284610 |
|
Shrikrishna
Digambar Joshi |
|
1010 |
|
Waman Kasihinath
Kulkarni |
|
10 |
|
Shrenik Adinath
Kudche |
|
5010 |
|
Sanjay Murlidhar
Urankar |
|
5500 |
|
Rajan Murlidhar
Urankar |
|
5000 |
|
Adinath Bala
Kudche |
|
2500 |
|
Rajendra Adinath Kudche |
|
2500 |
|
Bala Kadappa
Kudche |
|
2500 |
|
Mayur Vilas Shah |
|
6000 |
|
Sameer Abhaykumar
Shah |
|
7500 |
|
Joshi Deodhar
Engineering Company Limited, India |
|
545000 |
|
Seema Sanjay
Urankar |
|
7200 |
|
Sumitra Madhav
Deodhar |
|
218000 |
|
Anand Madhav
Deodhar |
|
185900 |
|
Abhaykumar
Mohanlal Shah |
|
2500 |
|
Ashmita
Abhaykumar Shah |
|
2500 |
|
Baburao Vilas
Shetty |
|
7500 |
|
Minal Vilas Shah |
|
5000 |
|
Tushar Suresh
Kulkarni |
|
50000 |
|
Nilesh Suresh
Kulkarni |
|
100000 |
|
|
|
|
|
Total |
|
1735000 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
31.41 |
|
Directors or relatives of directors |
|
55.98 |
|
Other top fifty shareholders |
|
12.61 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of CI and SGI Castings. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit (Depend) |
GENERAL INFORMATION
|
No. of Employees : |
150 (Approximately) |
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Bankers : |
· Shamrao Vithal Bank Kolhapur, Maharashtra, India |
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Facilities : |
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||||||||||||||||||||||||||||||||||||||||||||||||
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Financial Institutions : |
· Mahindra and Mahindra Financial Services Limited Gateway Building, Apollo Bunder, Mumbai – 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Limaye and Company Chartered Accountants |
|
Address : |
Ganesh Durg, Rajwada, Sangli – 416416, Maharashtra, India |
|
PAN No.: |
AAAFL4935H |
|
|
|
|
Other Related Parties : |
· Ajit Homa Industries · Joshu Deodhar Engg. Private Limited · Deodhar Components |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1735000 |
Equity Shares |
Rs.10/- each |
Rs.17.350
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 |
|
17.350 |
15.000 |
|
(b) Reserves & Surplus |
|
24.677 |
19.046 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
|
42.027 |
34.046 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
67.079 |
64.949 |
|
(b) Deferred tax liabilities (Net) |
|
10.194 |
6.517 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
77.273 |
71.466 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
39.016 |
32.032 |
|
(b)
Trade payables |
|
22.118 |
13.773 |
|
(c)
Other current liabilities |
|
(2.596) |
(0.900) |
|
(d) Short-term
provisions |
|
9.231 |
4.854 |
|
Total Current
Liabilities (4) |
|
67.769 |
49.759 |
|
|
|
|
|
|
TOTAL |
|
187.069 |
155.271 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
91.473 |
74.108 |
|
(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 |
|
91.473 |
74.108 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
44.795 |
39.125 |
|
(c)
Trade receivables |
|
19.715 |
12.121 |
|
(d) Cash
and cash equivalents |
|
0.603 |
2.606 |
|
(e) Short-term
loans and advances |
|
25.929 |
22.806 |
|
(f)
Other current assets |
|
4.554 |
4.505 |
|
Total
Current Assets |
|
95.596 |
81.163 |
|
|
|
|
|
|
TOTAL |
|
187.069 |
155.271 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
15.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
12.880 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
27.880 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
76.106 |
|
|
2] Unsecured Loans |
|
|
12.043 |
|
|
TOTAL BORROWING |
|
|
88.149 |
|
|
DEFERRED TAX LIABILITIES |
|
|
5.351 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
121.380 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
69.003 |
|
|
Capital work-in-progress |
|
|
6.254 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
36.955 |
|
|
Sundry Debtors |
|
|
11.814 |
|
|
Cash & Bank Balances |
|
|
1.320 |
|
|
Other Current Assets |
|
|
6.271 |
|
|
Loans & Advances |
|
|
3.402 |
|
Total
Current Assets |
|
|
59.762 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
9.357 |
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
4.282 |
|
Total
Current Liabilities |
|
|
13.639 |
|
|
Net Current Assets |
|
|
46.123 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
121.380 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
153.461 |
108.300 |
84.580 |
|
|
|
Other Income |
2.340 |
1.475 |
0.107 |
|
|
|
TOTAL (A) |
155.801 |
109.775 |
84.687 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
83.469 |
47.201 |
57.586 |
|
|
|
Employee Benefits Expenses |
4.673 |
3.796 |
0.000 |
|
|
|
Other Expenses |
40.083 |
34.219 |
6.870 |
|
|
|
TOTAL (B) |
128.225 |
85.216 |
64.456 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
27.576 |
24.559 |
20.231 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
14.633 |
13.108 |
11.799 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
12.943 |
11.451 |
8.432 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.347 |
4.289 |
3.402 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7.596 |
7.162 |
5.030 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.223 |
2.214 |
1.677 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.373 |
4.948 |
3.353 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
1.000 |
0.800 |
|
|
|
Dividend |
0.000 |
0.000 |
0.000 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
3.373 |
3.948 |
2.553 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.94 |
-- |
-- |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
190.000 |
The above information has been parted by Mr. Ajit.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.16
|
4.51 |
3.96 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.95
|
6.61 |
5.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.06
|
4.61 |
3.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.21 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.52
|
2.85 |
3.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41
|
1.63 |
4.38 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM BORROWINGS DETAIL: NOT AVAILABLE
|
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 |
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 |
No |
|
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) |
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
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
Ajit Madhav Deodhar USL |
0.346 |
0.626 |
|
Anand Madhav Deodhar USL |
0.006 |
0.786 |
|
Arihant Auto Components Private Limited USL |
11.840 |
14.763 |
|
Deodhar Autocomp Private Limited USL |
0.085 |
0.095 |
|
Joshi Deodhar Engg, company Limited USL |
0.000 |
2.500 |
|
Madhav Vishwanath Deodhar USL |
0.956 |
0.036 |
|
Sumitra Madhav Deodhar USL |
0.152 |
0.032 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
Advances/ Deposits from Parties |
|
|
|
Pioneer Infoworld |
0.000 |
0.002 |
|
Neeta Vijay Thakkar |
0.930 |
0.000 |
|
|
|
|
|
Total |
14.315 |
18.840 |
|
Note: Long Term Borrowings: Interest on account of Unsecured Loans amounting to Rs.2.002 Millions has been paid during the F.Y. 2011-12. TDS of Rs.0.200 Million has been deducted on the same. However there is no specific period for their repayment. |
||
FINANCIAL
RESULTS:
The company has continued the production of Castings required for Automobile, Agriculture and other Industry on medium frequency induction furnace. Now one manual furnace and two induction furnace is in full operation. At present their monthly production is about approx. 350 tons. The Directors have planned to increase this capacity to 450 tons p m by the end of March 2014. They have also started very efficient machining shop. Required CNC and VMC machines are purchased, installed and have become operational this has made very good value addition to the products. They are getting very good response from some MNCs. They have got some very good orders from their reputed customers. The valued customer list is increasing. During the current year they are expecting to achieve Sates target of about Rs.200.000 Millions.
The Operating Profit of the Company
before Depreciation was Rs.12.943 Millions. Net Profit of the Company before
Taxation provision was Rs.7.536 Millions, and after provision of Current Tax
and Deferred Tax Liability the Company has earned Net Profit to the tune of Rs
3.373 Millions. The Company has shown considerable results as compared to
earlier year. During current financial year the Sales have increased and they
are no facing any major threat of recession. Within six full operational years,
the Company has gained very good stability, customer base and market
reputation. The Company has made very rapid growth during last 6-7 years.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10441357 |
15/07/2013 |
25,500,000.00 |
MAHINDRA AND MAHINDRA
FINANCIAL SERVICES LIMITED |
GATEWAY
BUILDING, APOLLO BUNDER, MUMBAI, MAHARASHTRA - 400001, INDIA |
B81346546 |
|
2 |
10422055 |
06/03/2013 |
15,000,000.00 |
TJSB SAHAKARI
BANK LIMITED |
SHOP NO 1, FROUND
FLOOR, JADUBAN PLAZA, SHAPURI, KOLHAPUR CITY, KOLHAPUR, MAHARASHTRA - 416001,
INDIA |
B73834210 |
|
3 |
10422032 |
01/03/2013 |
5,300,000.00 |
TJSB SAHAKARI
BANK LIMITED |
SHOP NO 1, GROUND
FLOOR, JADUBAN PLAZA, SHAPURI, KOLHAPUR CITY, KOLHAPUR, MAHARASHTRA - 416001,
INDIA |
B73825929 |
|
4 |
10420191 |
28/02/2013 |
6,000,000.00 |
TJSB SAHAKARI
BANK LIMITED |
SHOP NO.1, GROUND
FLOOR, JADUBAN PLAZA, SHAHPURI, KOLHAPUR CITY, KOLHAPUR, MAHARASHTRA -
416001, INDIA |
B73323149 |
|
5 |
10177928 |
18/09/2009 |
5,400,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA - SIDBI |
"JEEVANSHREE
BUILDING", GROUND FLOOR, S.NO.1109, |
A70334230 |
|
6 |
10165230 |
25/03/2013 * |
119,007,000.00 |
THE SHAMRAO
VITHAL CO- OPERATIVE BANK LIMITED |
ICHALKARANJI BRANCH,
DAIMA BHAVAN, MAIN ROAD, ICHALKARANJI, MAHARASHTRA - 416115, INDIA |
B74587643 |
|
7 |
10172650 |
29/03/2008 |
66,757,000.00 |
THE SHAMRAO
VITHAL CO-OPERATIVE BANK LTD. |
MIRAJKAR TIKATI BRANCH,
EAGLES PRIDE, B WARD, MIRAJKAR TIKATI, KOLHAPUR, MAHARASHTRA - 416012, INDIA |
A56066178 |
* Date of charge modification
FIXED ASSETS:
· Land and Building
· Plant and Machinery
· Electronic Installment
· Lab Equipment
· Tools
· Motor Cycle
· Computer Systems
· Mobile Hand Set
· Office Equipment
· Furniture and Fixture
· Weighing Machine
· D G Set
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 records exist to
suggest that subject is or was the subject of any formal or informal
allegations, prosecutions or other official proceeding for making an prohibited
payments or other improper payments to government officials for engaging in
prohibited transactions or with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.28 |
|
|
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.83.80 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.