MIRA INFORM REPORT
|
Report Date : |
23.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
PITAMBARI PRODUCTS PRIVATE LIMITED (w.e.f. 29.05.2003) |
|
|
|
|
Formerly Known
As : |
PITAMBARI MARKETING PRIVATE LIMITED (w.e.f. 21.07.1999) MHALSA SALES COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, Hemendra Apartment, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.04.1989 |
|
|
|
|
Com. Reg. No.: |
11-051314 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.17.500
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239MH1989PTC051314 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEP07752D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM1570F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Marketing of Cleaning Products and Healthcare
Products. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 40000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
profit margin is low. There appear some accumulated losses recorded by the
company. 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.
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.
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 : |
Mr. Madhav Poojan |
|
Designation : |
General Manager - Sales and Marketing |
|
Contact No.: |
91-9223266017 |
|
Date : |
10.09.2013 |
LOCATIONS
|
Registered Office : |
3rd Floor, Hemendra Apartment, |
|
Tel. No.: |
91-22-67035564/ 67035555/ 5640 |
|
Mobile No.: |
91-9223266017 (Mr. Madhav Poojan) |
|
Fax No.: |
91-22-25396848 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
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|
|
Factory : |
Located at: · Ganpatipada and Supe (Maharashtra) · Salem (Tamilnadu) · Baddi (Himachal Pradesh) · Vadodara (Gujarat) |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Ravindra Vaman Prabhudesai |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Designation : |
Director |
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Address : |
B/1/2, 3, Vikas Complex, Meena Tai Thakre, Chowk, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
07.04.1989 |
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DIN No : |
02141873 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Voter ID No.: |
RCT5151071 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
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|
Name : |
Mrs. Vrushali Ravindra Prabhudesai |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
B/1/2, 3, Vikas Complex, Meena Tai Thakre, Chowk, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.04.2011 |
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|
DIN No : |
02142010 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Voter ID No.: |
RCT5151089 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Name : |
Mr. Ajay Arvind Joshi |
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|
Designation : |
Director |
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Address : |
Swami Narayan Bhuvan, Kharkar Ali, Thane – 400 601, |
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Date of Birth/Age : |
05.02.1970 |
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Date of Appointment : |
30.08.2010 |
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|
DIN No : |
03125616 |
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|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
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||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Santosh Chandrakant Palkar |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Building No. II, Flat No.503, Ozen Valley, Parsik Nagar, Kharegaon,
Kalwa – 400 605, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/ Age : |
18.02.1972 |
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Date of Appointment : |
28.09.2012 |
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|
DIN No : |
05337889 |
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|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Madhav Poojan |
|
Designation : |
General Manager - Sales and Marketing |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Ravindra Vaman Prabhudesai |
|
173654 |
|
Vrushali Ravindra Prabhudesai |
|
1286 |
|
Ajay Arvind Joshi |
|
10 |
|
Total |
|
174950 |
AS ON 28.09.2012
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Arvind G.
Palsule |
|
1 |
|
Abhishek V.
Sathe |
|
1 |
|
Chandrashekhar
V. Pore |
|
1 |
|
Rajesh and Anita
Pore |
|
1 |
|
Gangavati G.
Tambe |
|
1 |
|
Aniruddha M.
Gadgil |
|
1 |
|
Gangadhar B.
Joshi |
|
1 |
|
Jayant H. Ranade
|
|
1 |
|
Suchitra J.
Ranade |
|
1 |
|
Padmabai H.
Ranade |
|
1 |
|
Sulabha S.
Ranade |
|
1 |
|
Ruta D. Ranade |
|
1 |
|
Kalpana K.
Chitale |
|
1 |
|
K. Murugesan |
|
1 |
|
Padmaja P. Pote |
|
1 |
|
Rajani Ramesh
Salunke |
|
1 |
|
Rohit R. Salunke
|
|
1 |
|
Ramchandra
Acharya |
|
1 |
|
Rashmi B. Sathe |
|
1 |
|
Bhaskar Laxman
Sathe |
|
1 |
|
Sanjiv G. Vaze |
|
1 |
|
Tanaya S. Vaze |
|
1 |
|
Shivanand N.
Kulkarni |
|
1 |
|
Shweta S. Ganu |
|
1 |
|
Shambunath D.
Ganu |
|
1 |
|
Shreyas S. Ganu |
|
1 |
|
Sudhir Anant
Barve |
|
1 |
|
Vinayak S.
Rahalkar |
|
1 |
|
Damodar K. Soman
|
|
1 |
|
Shashank Sawant |
|
1 |
|
Usha N. Nimkar |
|
1 |
|
Milind Ballal |
|
1 |
|
Girish Vaze |
|
1 |
|
Anant Vaman
Gondhalekar |
|
1 |
|
Vinayak Maruti
Soman |
|
1 |
|
Ramakant Shivam
Bhatkar |
|
1 |
|
Jayashree A.
Nimkar |
|
1 |
|
Aditya Arun
Lalit |
|
1 |
|
Ravindra V.
Prabhudesai |
|
7 |
|
Total |
|
45 |
AS ON 24.05.2013
|
Names of Allottee (Equity Shares) |
|
No. of Shares |
|
Ravindra Vaman Prabhudesai |
|
25000 |
|
Total |
|
25000 |
AS ON 26.05.2013
|
Names of Allottee (Preference Shares) |
|
No. of Shares |
|
Ravindra Vaman Prabhudesai |
|
5 |
|
Total |
|
5 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Marketing of Cleaning Products and Healthcare
Products. |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Dewan Housing Finance Corporation Limited, Ground Floor, Arjun Tower,
Gokhale Road, Naupada, Thane – 400 602, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Joshi and Karandikar Chartered Accountants |
|
Address : |
A/4, Sanmitra Co-operative Housing Society, |
|
Tel. No.: |
91-22-25408828 |
|
Fax No.: |
91-22-25408828 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFJ9154G |
|
|
|
|
Memberships : |
|
CAPITAL STRUCTURE
AFTER 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
299950 |
Equity Shares |
Rs.100/- each |
Rs.29.995 millions |
|
50 |
Preference Shares |
Rs.100/- each |
Rs.0.005 million |
|
|
Total |
|
Rs.30.000
millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
199950 |
Equity Shares |
Rs.100/-
each |
Rs.19.995
millions |
|
50 |
Preference Shares |
Rs.100/- each |
Rs.0.005
million |
|
|
Total |
|
Rs.20.000 millions |
|
|
|
|
|
AS ON 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
299950 |
Equity Shares |
Rs.100/- each |
Rs.29.995 millions |
|
50 |
Preference Shares |
Rs.100/- each |
Rs.0.005 million |
|
|
Total |
|
Rs.30.000
millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
174950 |
Equity Shares |
Rs.100/-
each |
Rs.17.495
millions |
|
45 |
Preference Shares |
Rs.100/- each |
Rs.0.005
million |
|
|
Total |
|
Rs.17.500 millions |
|
|
|
|
|
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
199950 |
Equity Shares |
Rs.100/- each |
Rs.19.995 millions |
|
50 |
Preference Shares |
Rs.100/- each |
Rs.0.005 million |
|
|
Total |
|
Rs.20.000
millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
174950 |
Equity Shares |
Rs.100/-
each |
Rs.17.495
millions |
|
45 |
Preference Shares |
Rs.100/- each |
Rs.0.005
million |
|
|
Total |
|
Rs.17.500 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 |
|
17.500 |
12.500 |
|
(b) Reserves & Surplus |
|
(7.510) |
(9.803) |
|
(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) |
|
9.990 |
2.697 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
49.330 |
52.252 |
|
(b) Deferred tax liabilities (Net) |
|
2.906 |
3.174 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
Long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
52.236 |
55.426 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
102.994 |
81.474 |
|
(b)
Trade payables |
|
68.494 |
56.852 |
|
(c)
Other current liabilities |
|
45.656 |
46.906 |
|
(d)
Short-term provisions |
|
15.878 |
13.580 |
|
Total
Current Liabilities (4) |
|
233.022 |
198.812 |
|
|
|
|
|
|
TOTAL |
|
295.248 |
256.935 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
74.126 |
66.565 |
|
(ii)
Intangible Assets |
|
1.511 |
0.904 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
1.894 |
1.715 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
20.618 |
13.966 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
98.149 |
83.150 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
41.846 |
46.537
|
|
(c)
Trade receivables |
|
127.679 |
105.714
|
|
(d)
Cash and cash equivalents |
|
14.471 |
9.042
|
|
(e)
Short-term loans and advances |
|
13.103 |
12.492 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
197.099 |
173.785 |
|
|
|
|
|
|
TOTAL |
|
295.248 |
256.935 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
11.179 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
12.667 |
|
|
4] (Accumulated Losses) |
|
|
(17.140) |
|
|
NETWORTH |
|
|
6.706 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
86.850 |
|
|
2] Unsecured Loans |
|
|
9.067 |
|
|
TOTAL BORROWING |
|
|
95.917 |
|
|
DEFERRED TAX LIABILITIES |
|
|
3.383 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
106.006 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
67.607 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.965 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
34.094
|
|
|
Sundry Debtors |
|
|
74.323
|
|
|
Cash & Bank Balances |
|
|
6.647
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
29.516
|
|
Total
Current Assets |
|
|
144.580 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
58.626
|
|
|
Other Current Liabilities |
|
|
27.785
|
|
|
Provisions |
|
|
20.735
|
|
Total
Current Liabilities |
|
|
107.146 |
|
|
Net Current Assets |
|
|
37.434
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
DIFFERED MERGER EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
106.006 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
659.059 |
536.447 |
508.507 |
|
|
|
Other Income |
2.497 |
4.180 |
2.053 |
|
|
|
TOTAL |
661.556 |
540.627 |
510.560 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
658.983 |
546.371 |
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
658.983 |
546.371 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
2.573 |
(5.744) |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.240) |
(0.415) |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
2.813 |
(5.329) |
20.938 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.467 |
1.056 |
1.068 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
16.07 |
(45.50) |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.43
|
(0.99) |
4.10 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.39
|
(1.07) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.88
|
(2.25) |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
(2.13) |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
15.25 |
49.58
|
14.30
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.85 |
0.87
|
1.35
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
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 |
No |
|
Unsecured Loans |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Deposit from Shareholders |
18.280 |
14.745 |
|
SHORT TERM BORROWINGS |
|
|
|
Other Loans and advances |
0.000 |
0.008 |
|
Total |
15.508 |
15.508 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10442611 |
23/07/2013 |
775,000.00 |
TJSB SAHAKARI
BANK LIMITED |
ANANT LAXMI CHEMBER,
B- CABIN,SHIVAJI NAGAR ROAD, NAUPADA, THANE, MAHARASHTRA - 400602, INDIA |
B81950925 |
|
2 |
10424269 |
18/03/2013 |
1,500,000.00 |
TJSB SAHAKARI
BANK LIMITED |
ANANT LAXMI
CHAMBERS, NAUPADA BRANCH, THANE, MAHARASHTRA - 400602, INDIA |
B74625070 |
|
3 |
10406261 |
03/01/2013 |
2,500,000.00 |
TJSB SAHAKARI
BANK LIMITED |
ANANT LAXMI
CHAMBERS, NAUPADA BRANCH, THANE (WEST), THANE, MAHARASHTRA - 400602, INDIA |
B68818285 |
|
4 |
10406262 |
03/01/2013 |
30,000,000.00 |
TJSB SAHAKARI
BANK LIMITED |
ANANT LAXMI
CHAMBERS, NAUPADA BRANCH, THANE (WEST), THANE, MAHARASHTRA - 400602, INDIA |
B68820349 |
|
5 |
10380544 |
21/09/2012 |
1,000,000.00 |
TJSB SAHAKARI
BANK LIMITED |
ANANT LAXMI
CHEMBERS, SHIVAJI NAGAR, OFF GOKHALE |
B59651463 |
|
6 |
10376192 |
10/09/2012 |
20,000,000.00 |
TJSB SAHAKARI
BANK LIMITED |
ANANT LAXMI
CHEMBERS, SHIVAJI NAGAR, OFF GOKHALE |
B57943201 |
|
7 |
10367534 |
27/07/2012 |
14,270,000.00 |
TJSB SAHAKARI
BANK LIMITED |
ANANT LAXMI
CHEMBERS, SHIVAJI NAGAR, OFF GOKHALE |
B44518777 |
|
8 |
10365460 |
28/06/2012 |
685,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
ANANT LAXMI
CHEMBER, B- CABIN,SHIVAJI NAGAR ROAD,, |
B43622349 |
|
9 |
10319654 |
09/11/2011 |
800,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
ANANT LAXMI CHEMBER,
B- CABIN,SHIVAJI NAGAR ROAD,, |
B26041715 |
|
10 |
10292293 |
03/01/2013 * |
2,800,000.00 |
TJSB SAHAKARI
BANK LIMITED |
ANANT LAXMI CHAMBERS,
NAUPADA BRANCH, THANE (WEST), THANE, MAHARASHTRA - 400602, INDIA |
B68822071 |
|
11 |
10274895 |
03/01/2013 * |
13,600,000.00 |
TJSB SAHAKARI
BANK LIMITED |
ANANT LAXMI
CHAMBERS, NAUPADA BRANCH, THANE (WEST), THANE, MAHARASHTRA - 400602, INDIA |
B68822675 |
|
12 |
10273071 |
26/02/2011 |
993,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
THE THANE JANATA
SAHAKARI BANK LTD., ANANT LAXMI |
B07356926 |
|
13 |
10272221 |
07/02/2011 |
2,500,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
ANANT LAXMI
CHAMBERS, NAUPADA BRANCH, THANE, MAHARASHTRA - 400602, INDIA |
B06759237 |
|
14 |
10273790 |
08/07/2013 * |
7,500,000.00 |
TJSB SAHAKARI
BANK LIMITED |
ANANT LAXMI CHAMBERS,
NAUPADA, BRANCH, THANE (WEST), THANE, MAHARASHTRA - 400602, INDIA |
B78991254 |
|
15 |
10273786 |
08/07/2013 * |
10,000,000.00 |
TJSB SAHAKARI
BANK LIMITED |
ANANT LAXMI
CHAMBERS, NAUPADA, BRANCH, THANE (WEST), THANE, MAHARASHTRA - 400602, INDIA |
B78991833 |
|
16 |
10273787 |
03/01/2013 * |
10,000,000.00 |
TJSB SAHAKARI
BANK LIMITED |
ANANT LAXMI
CHAMBERS, NAUPADA BRANCH, THANE (WEST), THANE, MAHARASHTRA - 400602, INDIA |
B68822444 |
|
17 |
10259519 |
13/11/2010 |
528,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
ANANT LAXMI
CHAMBERS, NAUPADA BRANCH, THANE, MAHARASHTRA - 400602, INDIA |
B02642684 |
|
18 |
10188745 |
21/06/2010 * |
17,500,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
ANANT LAXMI CHAMBERS,
NAUPADA BRANCH, THANE, THANE, MAHARASHTRA - 400602, INDIA |
A88044854 |
|
19 |
10139866 |
08/07/2013 * |
5,550,000.00 |
TJSB SAHAKARI
BANK LIMITED |
ANANT LAXMI
CHAMBERS, NAUPADA, BRANCH, THANE (WES |
B78992245 |
|
20 |
10139865 |
08/07/2013 * |
10,000,000.00 |
TJSB SAHAKARI
BANK LIMITED |
ANANT LAXMI
CHAMBERS, NAUPADA, BRANCH, THANE (WEST), THANE, MAHARASHTRA - 400602, INDIA |
B78992583 |
|
21 |
10091030 |
08/07/2013 * |
4,000,000.00 |
TJSB SAHAKARI BANK
LIMITED |
ANANT LAXMI
CHAMBERS, NAUPADA, BRANCH, THANE (WEST), THANE, MAHARASHTRA - 400602, INDIA |
B78993433 |
|
22 |
10084327 |
08/07/2013 * |
5,950,000.00 |
TJSB SAHAKARI
BANK LIMITED |
ANANT LAXMI CHAMBERS,
NAUPADA, BRANCH, THANE (WEST), THANE, MAHARASHTRA - 400602, INDIA |
B78993797 |
|
23 |
10069218 |
08/07/2013 * |
4,845,000.00 |
TJSB SAHAKARI
BANK LIMITED |
ANANT LAXMI
CHAMBERS, NAUPADA, BRANCH, THANE (WEST), THANE, MAHARASHTRA - 400602, INDIA |
B78994159 |
|
24 |
10048424 |
23/03/2007 |
5,675,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
ANANT LAXMI
CHEMBERS,, NAUPADA BRANCH, THANE, MAHARASHTRA - 400602, INDIA |
A14130801 |
|
25 |
10042353 |
08/07/2013 * |
9,000,000.00 |
TJSB SAHAKARI BANK
LIMITED |
ANANT LAXMI
CHAMBERS, NAUPADA, BRANCH, THANE (WEST), THANE, MAHARASHTRA - 400602, INDIA |
B78994548 |
|
26 |
10007158 |
08/07/2013 * |
85,000,000.00 |
TJSB SAHAKARI
BANK LIMITED |
ANANT LAXMI CHAMBERS,
NAUPADA, BRANCH, THANE (WEST), THANE, MAHARASHTRA - 400602, INDIA |
B78995032 |
|
27 |
90149889 |
30/10/2004 |
900,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
NAUPADA BRANCH;
ANANT LAXMI CHAMBERS, NAUPADA, THANE, MAHARASHTRA - 400602, INDIA |
- |
|
28 |
90149876 |
17/03/2004 |
2,020,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
NAUPADA BRANCH;
ANANT LAXMI CHAMBERS, NAUPADA, THANE, MAHARASHTRA - 400602, INDIA |
- |
|
29 |
90149863 |
16/10/2003 |
920,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
NAUPADA BRANCH;
ANANT LAXMI CHAMBERS, NAUPADA, THANE, MAHARASHTRA - 400602, INDIA |
- |
|
30 |
90149840 |
28/11/2002 |
525,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
NAUPADA BRANCH; ANANT
LAXMI CHAMBERS, NAUPADA, THANE, MAHARASHTRA - 400602, INDIA |
- |
|
31 |
90149831 |
03/07/2002 |
3,465,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
NAUPADA BRANCH;
ANANT LAXMI CHAMBERS, NAUPADA, THANE, MAHARASHTRA - 400602, INDIA |
- |
|
32 |
90150657 |
28/01/2005 * |
1,000,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
NAUPADA BRANCH;
ANANT LAXMI CHAMBERS, NAUPADA, THANE, MAHARASHTRA - 400602, INDIA |
- |
|
33 |
90243413 |
28/12/2005 * |
1,000,000.00 |
THE THANE JANTA
SAHAKARI BANK LIMITED |
NAUPADA, THANE,
MAHARASHTRA - 400602, INDIA |
- |
* Date of charge modification
OPERATIONS:
During the Current
Year, the Company has achieved Sales growth of 22.50% as compared to last
year's growth of 5.32% and has earned profit before tax of Rs.2.573 millions as
against loss of Rs.5.744
millions. For the Current year the Company has taken various steps to further
increase its turnover and profitability by undertaking rationalization of
product mix and control over expenses.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
In respect of Excise Demand Disputed in
appeal |
2.282 |
2.281 |
|
In respected of
disputed purchases |
0.000 |
0.069 |
|
In respected Bank
Guarantee given to CSD and Sales Tax Office etc. for performance and loss or
damages to breach of agreement |
7.065 |
6.565 |
|
In respect of
bank guarantee given to Mumbai High Court in matter of Nicrome |
2.000 |
2.000 |
|
Dividend on
Preference Share not provided (Including Dividend Distribution Tax) |
0.001 |
0.001 |
|
Total |
11.348 |
10.916 |
FIXED ASSETS
Tangible Assets
· Buildings
· Furniture and Fixtures
· Land
· Livestock
· Plant and Machinery
· Office Equipments
· Vehicles
· Computers
Intangible Assets
· Computer Software
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.62.24 |
|
|
1 |
Rs.99.90 |
|
Euro |
1 |
Rs.84.23 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
32 |
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.