MIRA INFORM REPORT
|
Report Date : |
15.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
CERAFLUX INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F – 59 and 60, MIDC,
Gokul Shirgaon, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
28.06.1995 |
|
|
|
|
Com. Reg. No.: |
11-090024 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 14.768 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH1995PTC090024 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KLPC00644A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC7442H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Ceramic Fluxes and Foundry Chemicals |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 260000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
May 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund based = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
May 2014 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Udya Sakpal |
|
Designation : |
General Manager |
|
Contact No.: |
91-9922445471 |
|
Date : |
11.12.2014 |
LOCATIONS
|
Registered Office/ Factory 1 : |
F – 59 and 60,
MIDC, Gokul Shirgaon, |
|
Tel. No.: |
91-231-2671008 / 2672075 |
|
Mobile No.: |
91-9922445471 (Mr. Udya Sakpal) |
|
Fax No.: |
91-231-2671091 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
7000 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 2 : |
C-4, MIDC, Gokul
Shirgaon, |
|
|
|
|
Branch Office : |
Located at :
|
|
|
|
|
Overseas Office : |
Located at |
DIRECTORS
AS ON 18.08.2011
|
Name : |
Mr. Uday Bhaskar
Thite |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C S 553 / 1/ 1,
Flat No. G – 1, Narayan Vihar, |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth : |
29.09.1954 |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.06.1995 |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00006773 |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanjeev
Purushottam Tungatkar |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C 5, Jayant Residency,
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth : |
13.04.1962 |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.06.1995 |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00006770 |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vilas
Balasaheb Jadhav |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No. G – 1, Shrikripa,
Apartment, Plot No. 46, Rajendra, Kolhapur, Maharashtra, India |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth : |
31.03.1956 |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.07.1999 |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00008086 |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Satish Rajiv
Kadukar |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
F / 4, Narayan Vihar
Opposite Water Tank, Rajendra Nagar, Kolhapur, Maharashtra, India |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth : |
16.03.1969 |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.01.2004 |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00006764 |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Udya Sakpal |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS
As on 18.08.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sajeev Tungatkar |
|
540014 |
|
Uday Thite |
|
537821 |
|
Vilas Jadhav |
|
147534 |
|
Satish Kadukar |
|
249905 |
|
Arvind Gosavi |
|
1 |
|
Vasant P Tapaswi |
|
3 |
|
Sanjiwani Avchat |
|
3 |
|
Snehmaee Bhonde |
|
3 |
|
Sushila Thakar |
|
1 |
|
Shivaji Gund |
|
3 |
|
Shashikant Purandare |
|
3 |
|
Balkrishna Tungatkar |
|
3 |
|
Nitin Kadam |
|
150 |
|
Abhijit Taralkar |
|
150 |
|
Rahul Tungatkar |
|
150 |
|
Uday Nigade |
|
150 |
|
Gopal Bhawar |
|
150 |
|
Sameer Kumar Ghosh |
|
150 |
|
Jayany Jadhav |
|
150 |
|
Amar Gharmode |
|
150 |
|
Rajeshkumar Khare |
|
2 |
|
Swati Awate |
|
2 |
|
Maitrayie Kajarekar |
|
1 |
|
Vrinda Gosavi |
|
1 |
|
Ramesh Wadhawani |
|
50 |
|
Noori Wadhawani |
|
50 |
|
Heena Wadhawani |
|
50 |
|
Sunanda Khare |
|
1 |
|
Rajendra Rajguru |
|
1 |
|
Chetan Mantri |
|
1 |
|
Vaishali Mantri |
|
1 |
|
Uddhav Sankpal |
|
150 |
|
TOTAL |
|
1476804 |
As on 18.08.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
99.90 |
|
Other top fifty shareholders |
0.10 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Ceramic Fluxes and Foundry Chemicals |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Exports : |
|
||||||||
|
Products : |
Ceramic Fluxes and Foundry Chemicals |
||||||||
|
Countries : |
|
||||||||
|
|
|
||||||||
|
Imports : |
|
||||||||
|
Products : |
Ceramic Fluxes and Foundry Chemicals |
||||||||
|
Countries : |
|
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Cash, Advance Payment, Cheque and Credit |
||||||||
|
|
|
||||||||
|
Purchasing : |
Advance Payment, Cheque and Credit |
PRODUCTION STATUS: Not Available
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Deepika Kumbhojkar Chartered Accountants |
|
Address : |
103, 1st Floor, Kalpataru Plaza 1086 / A, E Ward, Opposite
Hemkiran Disel, Rajaram Road, Kolhapur – 416001, Maharashtra, India |
|
PAN No. : |
AABFG2326E |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Enterprise over which key managerial personal are able to exercise
significant influence : |
|
CAPITAL STRUCTURE
As on 31.03.2013
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 |
|
|
|
|
|
|
1476804 |
Equity Shares |
Rs.10/- each |
Rs. 14.768 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
14.768 |
14.768 |
|
(b) Reserves &
Surplus |
|
79.418 |
62.016 |
|
(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) |
|
94.186 |
76.784 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
13.730 |
17.167 |
|
(b) Deferred tax
liabilities (Net) |
|
6.649 |
5.803 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
20.379 |
22.970 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
100.163 |
96.870 |
|
(b) Trade payables |
|
35.436 |
37.533 |
|
(c) Other current
liabilities |
|
14.386 |
7.399 |
|
(d) Short-term provisions |
|
1.728 |
1.722 |
|
Total Current Liabilities
(4) |
|
151.713 |
143.524 |
|
|
|
|
|
|
TOTAL |
|
266.278 |
243.278 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
73.843 |
69.948 |
|
(ii) Intangible Assets |
|
0.594 |
0.000 |
|
(iii) Capital
work-in-progress |
|
3.389 |
0.078 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
1.381 |
1.118 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
3.278 |
3.148 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
82.485 |
74.292 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
64.471 |
58.277 |
|
(c) Trade receivables |
|
102.104 |
99.693 |
|
(d) Cash and cash
equivalents |
|
9.863 |
9.030 |
|
(e) Short-term loans and
advances |
|
6.892 |
1.474 |
|
(f) Other current assets |
|
0.463 |
0.512 |
|
Total Current Assets |
|
183.793 |
168.986 |
|
|
|
|
|
|
TOTAL |
|
266.278 |
243.278 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
14.768 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
45.746 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
60.514 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
87.500 |
|
|
2] Unsecured Loans |
|
|
3.920 |
|
|
TOTAL BORROWING |
|
|
91.420 |
|
|
DEFERRED TAX LIABILITIES |
|
|
4.403 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
156.337 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
61.331 |
|
|
Capital work-in-progress |
|
|
3.936 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.113 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
44.086
|
|
|
Sundry Debtors |
|
|
74.753
|
|
|
Cash & Bank Balances |
|
|
6.079
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
9.604
|
|
Total
Current Assets |
|
|
134.522
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
41.964
|
|
|
Provisions |
|
|
1.601
|
|
Total
Current Liabilities |
|
|
43.565
|
|
|
Net Current Assets |
|
|
90.957
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
156.337 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
461.308 |
453.622 |
338.107 |
|
|
Labour
Charges |
0.000 |
0.000 |
2.967 |
|
|
Other Income |
0.790 |
0.899 |
24.165 |
|
|
TOTAL (A) |
462.098 |
454.521 |
365.239 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
313.661 |
332.445 |
|
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
3.768 |
(12.670) |
|
|
|
Employees benefits
expense |
30.151 |
25.485 |
|
|
|
Other expenses |
58.751 |
58.331 |
|
|
|
TOTAL (B) |
406.331 |
403.591 |
326.133 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
55.767 |
50.930 |
39.106 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
17.238 |
14.996 |
8.981 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
38.529 |
35.934 |
30.125 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.944 |
4.193 |
3.656 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
33.585 |
31.741 |
26.469 |
|
|
|
|
|
|
|
Less |
TAX (H) |
11.012 |
10.305 |
9.192 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
22.573 |
21.436 |
17.277 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD (J) |
33.783 |
19.657 |
9.021 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
2.257 |
2.144 |
2.000 |
|
|
Interim Dividend |
2.954 |
2.954 |
2.985 |
|
|
Proposed Dividend |
1.477 |
1.477 |
0.995 |
|
|
Tax on Dividend |
0.741 |
0.735 |
0.661 |
|
|
Total (K) |
7.429 |
7.310 |
6.641 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S (I+J-K) |
48.927 |
33.783 |
19.657 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
33.601 |
NA |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
15.00 |
15.00 |
11.70 |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
550.000 |
|
|
|
|
|
Expected Sales (2014-2015): Rs. 620.000 Millions
The above information has been parted by Mr. Udya Sakpal (General
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Net Profit Margin (PAT / Sales) |
(%) |
4.89 |
4.73 |
5.11 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
12.09 |
11.23 |
11.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.84 |
13.11 |
13.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36 |
0.41 |
0.44 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.21 |
1.49 |
1.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21 |
1.18 |
3.09 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
14.768 |
14.768 |
|
Reserves & Surplus |
62.016 |
79.418 |
|
Net worth |
76.784 |
94.186 |
|
|
|
|
|
long-term borrowings |
17.167 |
13.730 |
|
Short term borrowings |
96.870 |
100.163 |
|
Total borrowings |
114.037 |
113.893 |
|
Debt/Equity ratio |
1.485 |
1.209 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
338.107 |
453.622 |
461.308 |
|
|
|
34.165 |
1.694 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
338.107 |
453.622 |
461.308 |
|
Profit |
17.277 |
21.436 |
22.573 |
|
|
5.11% |
4.73% |
4.89% |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
FUTURE OUTLOOK AND MARKET
CONDITIONS:
During the year revenue from operations of the company has witnessed marginal growth. As the market has started showing signs of recovery, the management of your company is hopeful of continuing the same run in the short to mid term.
VIEW INDEX OF
CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10454811 |
28/11/2013 * |
177,000,000.00 |
STATE BANK OF INDIA |
UDYAM NAGAR INDUSTRIAL ESTATE BRANCH, UDYAM NAGAR, KOLHAPUR, Maharashtra - 416008, INDIA |
B92471226 |
* Date of charge modification
CONTINGENT
LIABILITIES:
Company has pending sales tax appeal against Assistant Commissioner,
Sales Tax Maharashtra. The amount in the same is Rs. 0.126 Millions.
FIXED ASSETS
- Leasehold Land
- Factory Building
- Factory Shed
- Office Building / Roads
- Plant and machinery
- Electrical Installation
- Office Equipment
- Moulds and Patterns
- Furniture
- Computer
- Commercial Vehicle
- Motor car
- Two Wheeler
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. 62.44 |
|
|
1 |
Rs. 98.15 |
|
Euro |
1 |
Rs. 77.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
SNJ |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
|
46 |
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.