MIRA INFORM REPORT
|
Report Date : |
24.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
UNIQUE INDUSTRIAL HANDLERS PRIVATE LIMITED |
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Registered
Office : |
206-207, Nahar and Seth Industrial, Estate, Chakala, Andheri (East), Mumbai – 400 099, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
27.08.1983 |
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Com. Reg. No.: |
11-030709 |
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Capital
Investment / Paid-up Capital : |
Rs.100.000 millions |
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CIN No.: [Company Identification
No.] |
U29299MH1983PTC030709 |
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|
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PAN No.: [Permanent Account No.] |
AAACU1493J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged
in manufacturing of Industrial Cranes like EOT, Goliath
and Semi Goliath Cranes etc. |
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|
No. of Employees
: |
Approximately 200 (In Office: 50, In Factory: 100, Branches: 50) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1917000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Overall financial position of the company is decent. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
US investment bank Goldman
Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
February 26, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
February 26, 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Nilesh Govelkar |
|
Designation : |
Assistant Manager-Accounts |
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Contact No.: |
91-22-28390071 |
|
Date : |
07.04.2014 |
LOCATIONS
|
Registered
Office/ Head office : |
206-207, Nahar and Seth Industrial, Estate, Chakala, Andheri (East), Mumbai – 400 099, Maharashtra, India |
|
Tel. No.: |
91-22-28390071/ 28352019 |
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Fax No.: |
91-22-28378226/ 28210006 |
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E-Mail : |
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Website : |
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Area : |
1000 sq. ft. |
|
Location : |
Owned |
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|
Factory 1 : |
Plot No.E-66/E-77, M.I.D.C., Ambad, New Nashik Industrial Area, Nashik
– 422 010, Maharashtra, India |
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Tel. No.: |
91-253-2383177/ 6620601/ 602/ 603 |
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Fax No.: |
91-253-2381380 |
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E-Mail : |
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Factory 2 : |
Gat No.135 to 140 and 142 to 148, At Village Gonde Dumale, Taluka
Igatpuri, District Nashik – 422 403, Maharashtra, India |
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Tel. No.: |
91-2553-225102 |
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E-Mail : |
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Branch Office: |
Located at: ·
Chennai ·
Kolkata |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Arjan Satramdas Vaswani |
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Designation : |
Director |
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Address : |
4, Seamist, Golden Acres, Ruia Park, JVPD Scheme, Juhu, Mumbai – 400
049, Maharashtra, India |
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Date of Birth/Age : |
06.06.1938 |
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Qualification : |
B.E |
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Date of Appointment : |
15.07.1993 |
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DIN No.: |
01084088 |
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PAN No.: |
AABPV7208E |
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Name : |
Mr. Jetho Gurmukhdas Tahiliani |
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Designation : |
Director |
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Address : |
702, Sea King, Band Stand, Bandra (West), Mumbai – 400 050, Maharashtra, India |
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Date of Birth/Age : |
20.07.1942 |
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Qualification : |
B.E |
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Date of Appointment : |
27.08.1983 |
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DIN No.: |
01084183 |
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PAN No.: |
AAGPT3872P |
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Other Directorship :
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||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Jagdish Hariram Badlani |
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Designation : |
Director |
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Address : |
8, Savijay, 29th Road, Bandra (West), Mumbai – 400
050, Maharashtra, India |
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Date of Birth/Age : |
04.02.1946 |
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Qualification : |
B.E |
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Date of Appointment : |
27.08.1983 |
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DIN No.: |
01084251 |
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PAN No.: |
AAAPB7726Q |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Jagdish Hariram Badlani |
|
33333333 |
|
Jetho Gurmukhdas Tahiliani |
|
33333333 |
|
Arjan Satramdas Vaswani |
|
33333333 |
|
Total
|
|
99999999 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged in manufacturing of Industrial Cranes like EOT,
Goliath and Semi Goliath Cranes etc. |
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Products : |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit and LC |
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Purchasing : |
Cash, Credit, LC, Advance and TT |
PRODUCTION STATUS (AS ON 31.03.2011):
|
Particulars |
Unit |
31.03.2011 |
|
Licensed Capacity |
|
N.A |
|
Installed Capacity |
Nos. |
165 |
|
Actual Production |
Nos. |
109 |
Notes:
Installed capacity is as certified by the Management, not verified by
Auditors, being a technical matter.
GENERAL INFORMATION
|
Customers : |
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No. of Employees : |
Approximately 200 (In Office: 50, In Factory: 100, Branches: 50) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
B.G. Baliga and company Chartered Accountants |
|
Address : |
515, Marathon Max, Mulund Goregoan Link Road, Mulund, (West), Mumbai – 400 080, Maharashtra, India |
|
PAN No: |
AAAFB9940N |
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|
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Associate Concern : |
Unique
Erectors and Consultants |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000000 |
Equity Shares |
Re.1/- each |
Rs.100.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
99999999 |
Equity Shares |
Re.1/- each |
Rs.100.000
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
100.000 |
60.000 |
60.000 |
|
(b) Reserves & Surplus |
379.135 |
344.039 |
290.698 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
479.135 |
404.039 |
350.698 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
144.551 |
169.578 |
156.556 |
|
(b) Deferred tax liabilities (Net) |
16.999 |
14.595 |
11.994 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
161.550 |
184.173 |
168.550 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
82.729 |
90.988 |
67.595 |
|
(b)
Trade payables |
229.552 |
334.662
|
292.302 |
|
(c)
Other current liabilities |
76.548 |
117.642
|
77.463 |
|
(d)
Short-term provisions |
32.008 |
25.080
|
87.698 |
|
Total
Current Liabilities (4) |
420.837 |
568.372 |
525.058 |
|
|
|
|
|
|
TOTAL |
1061.522 |
1156.584 |
1044.306 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
239.353 |
248.320 |
231.454 |
|
(ii)
Intangible Assets |
1.313 |
2.077 |
2.822 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
17.503 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1.987 |
1.987 |
1.987 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
1.829 |
1.832 |
4.367 |
|
(e)
Other Non-current assets |
32.844 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
277.326 |
254.216 |
258.133 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
164.260 |
160.619
|
176.027 |
|
(c)
Trade receivables |
509.234 |
629.152
|
506.061 |
|
(d)
Cash and cash equivalents |
49.648 |
53.498
|
56.330 |
|
(e)
Short-term loans and advances |
59.816 |
58.400 |
46.307 |
|
(f)
Other current assets |
1.238 |
0.699 |
1.448 |
|
Total
Current Assets |
784.196 |
902.368 |
786.173 |
|
|
|
|
|
|
TOTAL |
1061.522 |
1156.584 |
1044.306 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
808.252 |
997.176 |
999.263 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
808.252 |
997.176 |
999.263 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
895.123 |
823.533 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
683.625 |
895.123 |
823.533 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
124.627 |
102.053 |
175.730 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.216 |
10.020 |
9.015 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
114.411 |
92.033 |
166.715 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
38.863 |
31.532 |
58.477 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
75.548 |
60.501 |
108.268 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
203.135 |
164.375 |
150.841 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
15.000 |
15.000 |
25.000 |
|
|
|
Proposed Final Dividend |
0.000 |
6.000 |
60.000 |
|
|
|
Tax on Dividend |
0.000 |
0.973 |
9.966 |
|
|
|
Excess Provision of Prior Year |
0.000 |
(0.232) |
(0.232) |
|
|
BALANCE CARRIED
TO THE B/S |
263.683 |
203.135 |
164.375 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
Nil
|
28.306 |
49.340 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.76 |
1.01 |
1.80 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
9.35 |
6.07
|
10.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.80 |
7.97
|
16.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.23
|
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.47 |
0.64
|
0.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.86 |
1.59
|
1.50 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
60.000 |
60.000 |
100.000 |
|
Reserves & Surplus |
290.698 |
344.039 |
379.135 |
|
Net worth |
350.698 |
404.039 |
479.135 |
|
|
|
|
|
|
Long-term borrowings |
156.556 |
169.578 |
144.551 |
|
Short term borrowings |
67.595 |
90.988 |
82.729 |
|
Total borrowings |
224.151 |
260.566 |
227.280 |
|
Debt/Equity ratio |
0.639 |
0.645 |
0.474 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Total Income |
999.263 |
997.176 |
808.252 |
|
|
|
(0.209) |
(18.946) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Total Income |
999.263 |
997.176 |
808.252 |
|
Profit |
108.268 |
60.501 |
75.548 |
|
|
10.83% |
6.07% |
9.35% |
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 |
Yes |
|
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 |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10351936 |
11/03/2013 * |
145,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
B72732571 |
|
2 |
10219815 |
18/03/2009 |
130,000,000.00 |
CANARA BANK |
ABDUL REHMAN STREET
348/52, ZAVERI BUILDING, MUMBAI, MAHARASHTRA - 400003, INDIA |
A75473793 |
|
3 |
80028034 |
21/03/2007 * |
147,500,000.00 |
CANARA BANK |
A R STREET, MUMBAI,
MAHARASHTRA - 400003, INDIA |
- |
|
4 |
90186769 |
07/03/2013 * |
860,000,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH
II, VARMA CHAMBERS, 2ND FLOOR, HOMJI STREET, MUMBAI, MAHARASHTRA -
400001, I |
B72163678 |
|
5 |
90186664 |
27/03/1999 |
5,500,000.00 |
CANARA BANK |
A. R. STREET, BOMBAY,
MAHARASHTRA - 400003, INDIA |
- |
|
6 |
90186642 |
10/02/1999 |
2,000,000.00 |
CANARA BANK |
A. R. STREET, BOMBAY,
MAHARASHTRA - 400003, INDIA |
- |
|
7 |
90186566 |
31/03/1998 |
1,000,000.00 |
CANARA BANK |
A. R. STREET, BOMBAY,
MAHARASHTRA - 400003, INDIA |
- |
|
8 |
90186311 |
05/02/1996 |
1,000,000.00 |
CANARA BANK |
A. R. STREET, MUMBAI,
MAHARASHTRA - 400003, INDIA |
- |
|
9 |
90187632 |
20/03/1994 |
2,500,000.00 |
CANARA BANK |
A. R. STREET, BOMBAY,
MAHARASHTRA - 400003, INDIA |
- |
|
10 |
90187613 |
21/03/2007 * |
24,000,000.00 |
CANARA BANK |
A R STREET, MUMBAI,
MAHARASHTRA - 400003, INDIA |
- |
|
11 |
90185990 |
27/05/1997 * |
24,000,000.00 |
CANARA BANK |
A. R. STREET, BOMBAY,
MAHARASHTRA - 400003, INDIA |
- |
|
12 |
90183984 |
21/03/2007 * |
46,000,000.00 |
CANARA BANK |
A R STREET, MUMBAI,
MAHARASHTRA - 400003, INDIA |
- |
|
13 |
90187612 |
29/10/1993 * |
10,000,000.00 |
CANARA BANK |
A. R. STREET, BOMBAY,
MAHARASHTRA - 400003, INDIA |
- |
|
14 |
90185889 |
03/12/1992 |
1,920,000.00 |
CANARA BANK |
A. R. STREET, BOMBAY,
MAHARASHTRA - 400003, INDIA |
- |
|
15 |
90187564 |
03/07/1992 |
1,321,600.00 |
CANARA BANK |
A. R. STREET, BOMBAY,
MAHARASHTRA, INDIA |
- |
|
16 |
90185752 |
01/11/2001 * |
160,000.00 |
CANARA BANK |
A. R. STREET, BOMBAY,
MAHARASHTRA - 400003, INDIA |
- |
|
17 |
90185711 |
12/04/1991 |
99,960.00 |
CANARA BANK |
A. R. STREET, BOMBAY, MAHARASHTRA
- 400003, INDIA |
- |
|
18 |
90185591 |
27/05/1997 * |
3,000,000.00 |
CANARA BANK |
A. R. STREET, BOMBAY,
MAHARASHTRA - 400003, INDIA |
- |
|
19 |
90187349 |
30/01/1986 |
500,000.00 |
CANARA BANK |
A. R. STREET, BOMBAY, MAHARASHTRA
- 400003, INDIA |
- |
|
20 |
90185036 |
24/12/1985 |
700,000.00 |
CANARA BANK |
A. R. STREET, BOMBAY,
MAHARASHTRA - 400003, INDIA |
- |
|
21 |
90183883 |
05/10/1984 |
2,983,000.00 |
CANARA BANK |
A. R. STREET, BOMBAY,
MAHARASHTRA - 400003, INDIA |
- |
|
22 |
90184900 |
10/09/1984 |
4,933,000.00 |
CANARA BANK |
A. R. STREET, BOMBAY,
MAHARASHTRA - 400003, INDIA |
- |
|
23 |
90188162 |
24/07/1984 |
1,100,000.00 |
CANARA BANK |
A. R. STREET, BOMBAY,
MAHARASHTRA - 400003, INDIA |
- |
* Date of charge modification
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG-TERM
BORROWINGS |
|
|
|
Deferred sales tax loan |
3.516 |
4.059 |
|
Loans and advances from directors |
121.000 |
120.000 |
|
Total
|
124.516 |
124.059 |
Note:
The registered office of the company has been shifted from D-61, Aram Co-Operative Housing Society Limited, Vakola, Santacruz, Mumbai – 400 055, Maharashtra, India to the present address w.e.f. 01.03.2007.
YEAR IN RETROSPECT:
The sales and other income
for the financial year were Rs.808.252 millions as against Rs.997.176 millions
for the previous financial year registering a decrease of 0.19%. The profit before
tax and exceptional items (after interest and depreciation charges) of
Rs.114.411 millions and the profit after tax and
exceptional items of Rs.75.548 millions for the financial year as against
Rs.92.033 millions and Rs.60.501 millions respectively for the previous
financial year.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant
and Equipment
·
Furniture
and Fixtures
·
Vehicles
·
Computer
Equipments
Intangible Assets
·
Computer
Software
WEBSITE DETAILS:
COMPANY OVERVIEW:
Subject started operations in 1983. The brain child of three
entrepreneurs; Mr. Jetha Tahiliani, Mr. Arjan Vaswani, and Mr. Jagdish Badlani,
it started as a manufacturer of small capacity EOT, GOLIATH,
and SEMI GOLIATH cranes. Today there are more than a thousand cranes
which bear the UNIQUE name.
It has now been in existence for more than two decades. This time has
seen Unique achieve rapid growth, to become one of the leading manufacturers of
EOT, GOLIATH AND SEMI GOLIATH CRANES in India.
Unique has also been certified as an ISO
9001-2000 company, and follows the highest quality standards. Every crane
manufactured by unique is designed to meet individual customer requirements and
work in a large variety of Industries across India and abroad. Cranes manufactured
at Unique vary in terms of capacity and design. From five tonne cranes meant
for general duty, to 300 tonne cranes which are specially designed as
per client specifications. Currently they have the capability to manufacture
cranes up to 500 tonnes. As such Unique has been a company always
looking to break new ground. In a short span of time, Unique has designed and
manufactured several high capacity cranes.
From manufacturing High Capacity Cranes, Traversers, winches, and lifting
platforms to coach washing systems for the Indian railways, as well as tower
cranes, unique has an ever expanding portfolio of products and services.
Today Unique has two primary manufacturing facilities in Nashik, as well
as branch offices in all metro cities. They are consistently taking on bigger
projects, and manufacturing products that work in increasingly strenuous
working conditions.
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.61.07 |
|
UK Pound |
1 |
Rs.102.77 |
|
Euro |
1 |
Rs.84.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.