MIRA
INFORM REPORT
|
Report Date : |
04.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
CYGNUS EQUIPMENTS AND RENTALS PRIVATE LIMITED (w.e.f. 16.01.2013) |
|
|
|
|
Formerly Known
As : |
CYGNUS EQUIPMENTS AND RENTALS LIMITED (w.e.f. 12.06.2012) CYGNUS EQUIPMENTS AND RENTALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
51, Nalini Seth Road, 6th Floor, Kolkata-700007, West
Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
27.03.2009 |
|
|
|
|
Com. Reg. No.: |
21-134344 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 12.123 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U71200WB2009PTC134344 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Service provider of rental of putzmeister concrete pumps |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 420000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. There appears sharp increase in external borrowing off the company in 2012.
Rating also takes in to consideration strength devices from experience of
promoters. However, trade relations are fair. Business is active. Payment terms
are usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 |
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BB- (Long Term Bank Facilities) |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
26.10.2012 |
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 / Head Office : |
51, Nalini Seth Road, 6th Floor, Kolkata-700007, West
Bengal, India |
|
Tel. No.: |
91-33-23452535 |
|
Fax No.: |
91-33-23452536 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
A-44, 45, DLF IT Park, Tower C, Ground Floor, Sector 62, Noida-201309,
Uttar Pradesh, India |
|
Tel. No.: |
91-120-4311219 / 2405945 / 946 |
|
E-Mail : |
|
|
|
|
|
Gurgaon Office : |
Mahindra Singh Compound, Sarhaul, Sector 18, Gurgaon -122001, Haryana,
India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Vijay Kumar Singhania |
|
Designation : |
Director |
|
Address : |
51 Dobson Road, Shree Kunj, 10th
Floor, Flat No.104 B, Howrah-711101, West Bengal, India |
|
Date of Birth/Age : |
08.05.1983 |
|
Date of Appointment : |
27.03.2009 |
|
Voter ID No.: |
ATC0S9111K |
|
DIN No.: |
00428928 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U70101WB1994PTC065817
|
AMICUS REAL
ESTATE PRIVATE LIMITED. |
Director |
22/08/2005 |
22/08/2005 |
- |
Active |
NO |
|
2 |
U52599WB2006PTC108923
|
GOSAI INDIA
NETWORK PRIVATE LIMITED |
Director |
12/04/2006 |
12/04/2006 |
01/04/2009 |
Active |
NO |
|
3 |
U74140WB2005PTC102651
|
CYGNUS CREATIONS
PRIVATE LIMITED |
Director |
03/07/2006 |
03/07/2006 |
20/09/2008 |
Active |
NO |
|
4 |
U31909WB1955PTC022707
|
BELLS ELECTRICAL
CORPN. PRIVATE LIMITED |
Additional
director |
26/03/2007 |
26/03/2007 |
- |
Active |
NO |
|
5 |
U51109WB2005PTC102945
|
GOSAI
DISTRIBUTORS PRIVATE LIMITED |
Director |
23/04/2007 |
23/04/2007 |
01/04/2009 |
Active |
NO |
|
6 |
U60200WB2007PTC119528
|
GOSAI LOGISTIC
PRIVATE LIMITED |
Director |
12/10/2007 |
12/10/2007 |
06/04/2009 |
Active |
NO |
|
7 |
U71200WB2009PTC134344
|
CYGNUS
EQUIPMENTS AND RENTALS PRIVATE LIMITED |
Director |
27/03/2009 |
27/03/2009 |
- |
Active |
NO |
|
8 |
U51909WB2007PTC114517
|
PRIORITY DEALER
PRIVATE LIMITED |
Director |
02/04/2009 |
02/04/2009 |
10/11/2011 |
Under Process of
Striking off |
NO |
|
9 |
U45200BR1999PTC008878
|
DHANANJAY
CONSTRUCTION PRIVATE LIMITED |
Director |
07/04/2010 |
07/04/2010 |
09/11/2011 |
Active |
NO |
|
10 |
U45200DL2008PTC176836
|
GOSAI PROPERTIES
PRIVATE LIMITED |
Director |
16/02/2011 |
16/02/2011 |
- |
Active |
NO |
|
11 |
U51909WB2011PTC165154
|
HIGHWAY
TRADELINKS PRIVATE LIMITED |
Director |
02/08/2011 |
02/08/2011 |
- |
Active |
NO |
|
12 |
U70109WB2011PTC166136
|
MIDWAY TOWERS
PRIVATE LIMITED |
Director |
08/08/2011 |
08/08/2011 |
- |
Active |
NO |
|
13 |
U71210UP2012PLC051504
|
SUNWAY
INFRASTRUCTURE SERVICES LIMITED |
Director |
17/07/2012 |
17/07/2012 |
- |
Active |
NO |
|
14 |
U25190DL2012PLC240650
|
CYGNUS SPLENDID
LIMITED |
Director |
23/08/2012 |
23/08/2012 |
- |
Active |
NO |
|
15 |
U70101WB2004PTC100795
|
CYGNUS
DEVELOPERS (INDIA) PRIVATE LIMITED |
Additional
director |
21/02/2013 |
21/02/2013 |
- |
Active |
NO |
|
Name : |
Mr. Kaushik Agarwal |
|
Designation : |
Director |
|
Address : |
GC-39, Salt Lake City, Sector -3, Near 11 No Tank, Kolkata-700091,
West Bengal, India |
|
Date of Birth/Age : |
10.01.1983 |
|
Date of Appointment : |
20.07.2009 |
|
Voter ID No.: |
AFYPS5305F |
|
DIN No.: |
01458209 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U20101WB1997PTC085242
|
RAMBO MARKETING
PRIVATE LIMITED |
Director |
18/04/2002 |
18/04/2002 |
01/08/2008 |
Active |
YES |
|
2 |
U51909WB1995PTC069421
|
RAMBO
INFRASTRUCTURE AND DEVELOPERS PRIVATE LIMITED. |
Director |
08/10/2002 |
08/10/2002 |
29/07/2012 |
Active |
YES |
|
3 |
U71200WB2009PTC134344
|
CYGNUS
EQUIPMENTS AND RENTALS PRIVATE LIMITED |
Director |
20/07/2009 |
20/07/2009 |
- |
Active |
NO |
|
4 |
U45200BR1999PTC008878
|
DHANANJAY
CONSTRUCTION PRIVATE LIMITED |
Director |
07/04/2010 |
07/04/2010 |
09/11/2011 |
Active |
NO |
|
5 |
U66010WB1941PLC010518
|
THE LUCKY
TRADING COMPANY LIMITED |
Additional
director |
15/07/2010 |
15/07/2010 |
- |
Active |
NO |
|
6 |
U01132WB1919PLC003210
|
HILLMEN S TEA
AND TRADING COMPANY LIMITED |
Director |
21/10/2010 |
21/10/2010 |
- |
Dormant |
NO |
|
7 |
U74999WB2004PTC100762
|
CYGNUS JOURNALISM
PRIVATE LIMITED |
Director |
04/12/2010 |
04/12/2010 |
31/03/2011 |
Active |
NO |
|
8 |
U74900WB2010PTC150676
|
PASUPATI
COMMOTRADE PRIVATE LIMITED |
Director |
22/12/2010 |
22/12/2010 |
05/01/2011 |
Active |
NO |
|
9 |
U51909WB2010PTC154955
|
BLUEMOON
DEALTRADE PRIVATE LIMITED |
Director |
02/09/2011 |
02/09/2011 |
- |
Active |
NO |
|
10 |
U71210UP2012PLC051504
|
SUNWAY
INFRASTRUCTURE SERVICES LIMITED |
Director |
17/07/2012 |
17/07/2012 |
- |
Active |
NO |
|
Name : |
Mr. Sachin Aggarwal |
|
Designation : |
Additional Director |
|
Address : |
1/4665 E, Balbir Nagar Extension, Shahdara, delhi-110032, India |
|
Date of Birth/Age : |
06.03.1976 |
|
Date of Appointment : |
18.05.2012 |
|
Date of Cessation : |
30.04.2013 |
|
Voter ID No.: |
AHVPA0768R |
|
DIN No.: |
03343349 |
|
|
|
|
Name : |
Mr. Sanjay Thakur |
|
Designation : |
Additional Director |
|
Address : |
140, Prince Shah Road, Kolkata-700045, West Bengal, India |
|
Date of Birth/Age : |
15.12.1982 |
|
Date of Appointment : |
18.05.2012 |
|
Date of Cessation : |
30.04.2013 |
|
Voter ID No.: |
AHBPT2516N |
|
DIN No.: |
05297702 |
|
|
|
|
Name : |
Mr. Mukesh |
|
Designation : |
Additional Director |
|
Address : |
K 5/92, Gali No.27, West Ghonda, Delhi-110053, India |
|
Date of Birth/Age : |
01.01.1976 |
|
Date of Appointment : |
18.05.2012 |
|
Date of Cessation : |
30.04.2013 |
|
Voter ID No.: |
BSAPM3690R |
|
DIN No.: |
05299772 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Vijay Kumar Singhania |
160000 |
|
Vijay Kumar Singhania HUF |
37300 |
|
Kaushik Agarwal |
196700 |
|
Bishan Dayal Agarwal |
103000 |
|
Navalco Commodities Private Limited, India |
60000 |
|
Ruche Singhinia |
100000 |
|
Cygnus Creations Private Limited, India |
18000 |
|
Krishna Kumar Singhania |
50000 |
|
Cygnus Buildwell Private Limited, India |
50000 |
|
Satyam Invest Advisory Private Limited, India |
163000 |
|
Nirmala Devi Singhania |
50000 |
|
Binasati Tradelink Private Limited, India |
16500 |
|
Cristal Desinger Private Limited, India |
5000 |
|
Goldsmith Vinimay Private Limited, India |
6000 |
|
Idea Tradecomm Private Limited, India |
7500 |
|
Satelite Infraproject Private Limited, India |
6000 |
|
Kingfisher Vinimay Private Limited, India |
7500 |
|
Bansidhar Vincom Private Limited, India |
1250 |
|
Cobra Tradecom Private Limited, India |
3750 |
|
Apex Tradexim Private Limited, India |
10250 |
|
GBR Holding Private Limited, India |
2000 |
|
Shiksha Dealtrade Private Limited, India |
2500 |
|
Sanjay Kumar Singhania |
1500 |
|
Rambo Infra and Advisory Private Limited, India |
40750 |
|
Bansi Deacom Private Limited, India |
8500 |
|
Chakra Tradecom Private Limited, India |
3250 |
|
Ashirvad Vinimay Private Limited, India |
6250 |
|
Malinath Tradecom Private Limited, India |
16250 |
|
Ranisati Advisory Private Limited, India |
3500 |
|
Reward Sales Promotion Private Limited, India |
15000 |
|
Shantinath Tieup Private Limited, India |
6250 |
|
Shivsai Tieup Private Limited, India |
14500 |
|
Sugreev Traders Private Limited, India |
6250 |
|
Sukhdan Suppliers Private Limited, India |
6250 |
|
Victory Merchandise Private Limited, India |
14250 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
41.27 |
|
Directors or relatives of Directors |
58.73 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Service provider of rental of putzmeister concrete pumps |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
|
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|
Bankers : |
·
Kotak Mahindra Bank Limited, 36-38A, Nariman
Bhavan, 227, D, Nariman Point, Mumbai-400021, Maharashtra, India ·
Bank of Baroda, Parliament Street Branch, New
Delhi-110001, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
·
Religare Finvest Limited, D3, P3B, District Centre,
Saket, New Delhi-110017, India ·
SREI Equipment Finance Private Limited,
Vishwakarma, 86 C Topsia Road, West Bengal-700046, Kolkata, India |
|
|
|
|
Auditors : |
|
|
Name : |
Jain and Shah Chartered Accountant |
|
Address : |
11J, Kabitirtha Sarani, Kolkata-700023, West Bengal, India |
|
PAN No.: |
AADFJ3178R |
|
|
|
|
Related Parties : |
·
Cygnus Splendid ·
Navalco Commodities Private Limited ·
Cygnus Developers Private Limited ·
Rambo Infrastructure Developments Private Limited ·
Cygnus Developers Private Limited ·
Cygnus Apparel Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1212250 |
Equity Shares |
Rs.10/- each |
Rs. 12.123
Millions |
|
|
|
|
|
AS ON 29.09.2012
Authorised Capital : Rs. 20.000
Millions
Issued, Subscribed & Paid-up Capital : Rs. 16.851 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 |
|
12.123 |
5.000 |
|
(b) Reserves & Surplus |
|
95.198 |
2.650 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
21.500 |
|
Total Shareholders’
Funds (1) + (2) |
|
107.321 |
29.150 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
207.257 |
85.630 |
|
(b) Deferred tax liabilities (Net) |
|
5.875 |
1.316 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
213.132 |
86.946 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
31.314 |
21.544 |
|
(b) Trade payables |
|
5.634 |
1.419 |
|
(c) Other current
liabilities |
|
102.473 |
45.240 |
|
(d) Short-term provisions |
|
3.316 |
0.712 |
|
Total Current Liabilities (4) |
|
142.737 |
68.915 |
|
|
|
|
|
|
TOTAL |
|
463.190 |
185.011 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
377.619 |
126.461 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
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 |
|
10.873 |
1.772 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
388.492 |
128.233 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.389 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
37.092 |
18.661 |
|
(d) Cash and cash
equivalents |
|
3.175 |
2.840 |
|
(e) Short-term loans and
advances |
|
33.923 |
35.074 |
|
(f) Other current assets |
|
0.119 |
0.203 |
|
Total Current Assets |
|
74.698 |
56.778 |
|
|
|
|
|
|
TOTAL |
|
463.190 |
185.011 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.569 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
3.669 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
27.052 |
|
|
2] Unsecured Loans |
|
|
14.477 |
|
|
TOTAL BORROWING |
|
|
41.529 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.254 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
45.452 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
35.835 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
5.532 |
|
|
Cash & Bank Balances |
|
|
4.422 |
|
|
Other Current Assets |
|
|
0.197 |
|
|
Loans & Advances |
|
|
4.553 |
|
Total
Current Assets |
|
|
14.704 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
4.982 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.127 |
|
Total
Current Liabilities |
|
|
5.109 |
|
|
Net Current Assets |
|
|
9.595 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.022 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
45.452 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
174.179 |
88.211 |
14.881 |
|
|
|
Other Income |
0.165 |
0.007 |
|
|
|
|
TOTAL (A) |
174.344 |
88.218 |
14.881 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Traded Goods |
0.000 |
5.524 |
|
|
|
|
Employee Benefits Expenses |
19.117 |
7.414 |
|
|
|
|
Other Expenses |
73.920 |
51.537 |
|
|
|
|
TOTAL (B) |
93.037 |
64.475 |
14.058 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
81.307 |
23.743 |
[Including Financial |
|
|
|
|
|
|
Expenses |
|
|
Less |
FINANCIAL
EXPENSES (D) |
32.166 |
10.036 |
And |
|
|
|
|
|
|
Deprecation ] |
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
49.141 |
13.707 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
34.812 |
10.564 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
14.329 |
3.143 |
0.823 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.559 |
1.062 |
0.254 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
9.770 |
2.081 |
0.569 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
8.06 |
4.17 |
1.84 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.60
|
2.36 |
3.82 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.23
|
3.56 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.09
|
1.70 |
1.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.11 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.22
|
3.68 |
11.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.52
|
0.82 |
2.88 |
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
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 |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Short Term
Borrowings |
|
|
|
Loans and Advances from related parties |
2.200 |
0.700 |
|
From parties other than bank |
3.100 |
9.600 |
|
|
|
|
|
TOTAL |
5.300 |
10.300 |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10437607 |
06/07/2013 |
4,725,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,
D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B79944872 |
|
2 |
10435408 |
03/07/2013 |
2,656,495.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B79000352 |
|
3 |
10417121 |
18/03/2013 |
85,000,000.00 |
BANK OF BARODA |
PARLIAMENT STREET BRANCH, NEW
DELHI, DELHI - 110001, INDIA |
B72376965 |
|
4 |
10410238 |
03/02/2013 |
11,346,112.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B70237532 |
|
5 |
10410244 |
03/02/2013 |
11,964,992.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B70239108 |
|
6 |
10379734 |
08/09/2012 |
5,318,000.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,
KOLKATA, WEST BENGAL - 700046, INDIA |
B59386516 |
|
7 |
10374733 |
31/07/2012 |
11,346,113.00 |
TATA CAPITAL FINANCIAL
SERVICES LIMITED |
ONE FORBES,, DR. V. B. GANDHI
MARG, FORT, MUMBAI, |
B57378374 |
|
8 |
10373411 |
17/07/2012 |
23,930,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,
NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B56764020 |
|
9 |
10367389 |
30/06/2012 |
12,194,680.00 |
TATA CAPITAL FINANCIAL SERVICES
LIMITED |
ONE FORBES, DR. V. B. GANDHI
MARG, FORT, MUMBAI, |
B44466977 |
|
10 |
10365717 |
29/06/2012 |
12,194,680.00 |
TATA CAPITAL FINANCIAL
SERVICES LIMITED |
ONE FORBES, DR. V. B. GANDHI
MARG, FORT, MUMBAI, |
B43717008 |
|
11 |
10347045 |
10/03/2012 |
4,772,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,
D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B36794410 |
|
12 |
10323236 |
30/11/2011 |
10,960,000.00 |
INDUSIND BANK LTD. |
2401 GEN THIMMAYYA ROAD,
CONTONMENT, PUNE, MAHARASHTRA - 411001, INDIA |
B27901115 |
|
13 |
10322965 |
28/11/2011 |
9,360,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR,
DHIRUBHAI AMBANI KNOWLEDGE C |
B27801059 |
|
14 |
10320230 |
22/11/2011 |
17,486,950.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,
D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B26351379 |
|
15 |
10323601 |
29/10/2011 |
10,960,000.00 |
INDUSIND BANK LTD. |
2401 GEN THIMMAYYA ROAD,
CONTONMENT, PUNE, MAHARASHTRA - 411001, INDIA |
B28033421 |
|
16 |
10310760 |
30/09/2011 |
10,692,499.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI
MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B22784615 |
|
17 |
10308414 |
05/09/2011 |
4,715,652.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BE |
B21632419 |
|
18 |
10304128 |
22/08/2011 |
2,380,000.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B19595644 |
|
19 |
10304133 |
22/08/2011 |
2,380,000.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B19596998 |
|
20 |
10304130 |
15/08/2011 |
10,530,000.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,
KOLKATA, WEST BENGAL - 700046, INDIA |
B19596014 |
|
21 |
10301275 |
05/08/2011 |
3,124,000.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B18465724 |
|
22 |
10301279 |
05/08/2011 |
3,124,000.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B18466714 |
|
23 |
10297801 |
15/07/2011 |
10,530,000.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B17068313 |
|
24 |
10296264 |
16/06/2011 |
3,124,279.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B16567935 |
|
25 |
10296274 |
16/06/2011 |
3,124,279.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B16569022 |
|
26 |
10296278 |
16/06/2011 |
3,124,279.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B16569501 |
|
27 |
10295174 |
08/06/2011 |
2,950,000.00 |
RELIGARE FINVEST LIMITED |
D3, P3B, DISTRICT CENTRE,
SAKET, NEW DELHI, DELH |
B16143174 |
|
28 |
10274126 |
12/09/2012 * |
88,733,000.00 |
BANK OF BARODA |
BRABOURNE ROAD BRANCH, 4,
BRABOURNE ROAD, KOLKATA, WEST BENGAL - 700001, INDIA |
B58862947 |
|
29 |
10267498 |
18/02/2011 |
5,069,150.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B06527949 |
|
30 |
10267495 |
05/02/2011 |
15,215,312.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,
KOLKATA, WEST BENGAL - 700046, INDIA |
B06528368 |
|
31 |
10257921 |
15/12/2010 |
2,430,197.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B02393213 |
|
32 |
10257922 |
15/12/2010 |
2,430,197.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B02393338 |
|
33 |
10257933 |
15/12/2010 |
2,430,197.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B02393270 |
|
34 |
10251285 |
15/10/2010 |
2,544,687.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
A99009730 |
|
35 |
10246057 |
15/09/2010 |
1,099,688.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
A96716311 |
|
36 |
10246054 |
15/09/2010 |
3,130,992.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
A96714019 |
|
37 |
10246058 |
15/09/2010 |
6,262,584.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,
KOLKATA, WEST BENGAL - 700046, INDIA |
A96712609 |
|
38 |
10236902 |
15/08/2010 |
2,276,250.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
A93203040 |
|
39 |
10236863 |
15/08/2010 |
2,942,683.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
A93202794 |
|
40 |
10215875 |
29/04/2010 |
3,316,160.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
A84129212 |
|
41 |
10218159 |
22/04/2010 |
2,837,810.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
A84664317 |
|
42 |
10218163 |
22/04/2010 |
3,378,763.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
A84668425 |
|
43 |
10192461 |
22/12/2009 |
923,070.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
A75609263 |
|
44 |
10182675 |
22/10/2009 |
3,648,000.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,
KOLKATA, WEST BENGAL - 700046, INDIA |
A71944177 |
|
45 |
10169114 |
22/07/2009 |
975,000.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
A66980228 |
|
46 |
10169115 |
22/07/2009 |
1,380,000.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
A66980541 |
|
47 |
10162959 |
22/05/2009 |
10,076,500.00 |
SREI EQUIPMENT FINANCE PRIVATE
LIMITED |
'VISHWAKARMA', 86C, TOPSIA
ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
A64131766 |
|
* Date of charge modification |
||||||
FIXED ASSETS
·
Plant and Machinery
·
Computers
·
Motor Vehicles
·
Office Equipments
·
Air Conditioner
·
Furniture and Fixtures
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 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] 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. 66.88 |
|
|
1 |
Rs. 103.94 |
|
Euro |
1 |
Rs. 88.09 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
42 |
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.