MIRA INFORM REPORT
|
Report Date : |
15.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
PRECIHOLE MACHINE TOOLS PRIVATE LIMITED |
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Registered
Office : |
A-180, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
17.05.1991 |
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Com. Reg. No.: |
11-061745 |
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Capital
Investment / Paid-up Capital : |
Rs.4.500
Millions |
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CIN No.: [Company Identification
No.] |
U99999MH1991PTC061745 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEP08536D |
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PAN No.: [Permanent Account No.] |
AABCP0112G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Deep Hole Drilling Machines and Precision
Components. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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. Company has performed well in the year 2013-14. Overall financial
position of the company is decent. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for business dealings 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.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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 DENIED BY
|
Name : |
Mr. Ashwin Joshi |
|
Designation : |
Sales and Marketing Department |
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Contact No.: |
91-9321305480 |
|
Date : |
13.12.2014 |
LOCATIONS
|
Registered Office/ Factory 1 : |
A-180, Z Lane, Road
No. 16, Wagle Industrial Estate, Thane (West), Maharashtra, India |
|
Tel. No.: |
91-22-39914444/ 39914445/ 25836780 |
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Mobile No.: |
91-9321305480 [Mr. Anil Mangalvadha] |
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Fax No.: |
91-22-25824862 |
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E-Mail : |
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Website : |
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Factory 2 : |
Bhoomi Industrial Estate, 524 – Group Grampanchayat, Pimpalghar,
Ranjnoli, Behind Balaji Motors, Bhiwandi Kalyan Road, Taluka Bhiwandi, Mumbai
– 421311, Maharashtra, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Vishwanath Ramkrishna Nayak |
|
Designation : |
Managing Director |
|
Address : |
101, M V Everest Bhakti Mandir Road, Panchpakhadi, Thane – 400602,
Maharashtra, India |
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Date of Birth/Age : |
23.06.1944 |
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Date of Appointment : |
20.05.1991 |
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DIN No.: |
00337879 |
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Name : |
Mr. Ayaz Ahmed Abusaleh Qazi |
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Designation : |
Director |
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Address : |
11, Krutika Askashganga Complex, 2nd Rabodi, Thane –
400601, Maharashtra, India |
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Date of Birth/Age : |
06.04.1961 |
|
Date of Appointment : |
20.05.1991 |
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DIN No.: |
00338017 |
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Name : |
Mr. Anil Surendra Kulkarni |
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Designation : |
Director |
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Address : |
1503, Astoria Raheja Garden, LBS Marg, Wagle Industrial Estate, Thane
– 400604, Maharashtra, India |
|
Date of Birth/Age : |
13.01.1952 |
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Date of Appointment : |
11.01.1996 |
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DIN No.: |
00337963 |
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Name : |
Mr. Parag Anil Kulkarni |
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Designation : |
Additional Director |
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Address : |
43040 Addlestone Place, Ashburn VA 20148-6809 Ashburn Virginia |
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Date of Birth/Age : |
06.11.1975 |
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Date of Appointment : |
01.03.2013 |
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DIN No.: |
06525560 |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Vishwanath Ramkrishna Nayak |
|
51525 |
|
Ayaz Ahmed Abusaleh Qazi |
|
43875 |
|
Amit V. Nayak |
|
39150 |
|
Vianaya V. Nayak |
|
51675 |
|
Kausar Jahan A. Qazi |
|
44025 |
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Kulkarni Surendra Anil |
|
51525 |
|
Meena Ashok Qazi |
|
51675 |
|
Parag K. Kulkarni |
|
39150 |
|
Kini Ramesh Monika |
|
7650 |
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Kulkarni Anil Pankaj |
|
7650 |
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Qazi Ayaz Azhar |
|
20700 |
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Qazi Ayaz Zohaib |
|
20700 |
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Qazi Ayaz Shahbaz |
|
20700 |
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Total |
|
450000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Deep Hole Drilling Machines and Precision
Components. |
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Products : |
Deep Hole Drilling Machines and Precision Components. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
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No. of Employees : |
Information denied by management |
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Bankers : |
· The Thane Janata Sahakari Bank Limited, Shop No. 10/11, Tip Top Plaza, LBS Road, Wagle Industrial Estate, Thane – 400604, Maharashtra, India · Bank of Maharashtra, SSI Branch, Thane – 400604, Maharashtra, India · Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
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Facilities : |
Notes: Long Term Borrowings Term loan from
TJSB bank is secured against deposit of Title deeds of Kalyan Plot, and hypothecation
of entire plant and machinery installed or to be installed. Short Term Borrowings Cash credit,
export packing credit and buyers credit form yes bank is secured against Plot
No. A180/197, factory building their on, hypothecation of stock of raw
material, work in progress, finished goods and debts of the company |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Singavi Oturkar and Kelkar Chartered Accountants |
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Address : |
Nirveli Apartment, 1st Floor, Near Malhar Talkies, Thane –
400602, Maharashtra, India |
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Tel. No.: |
91-22-25425737/ 25426518/ 25444685 |
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Fax No.: |
91-22-25405168 |
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E-Mail : |
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PAN No.: |
AAEFS8002L |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates Concern : |
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CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
995000 |
Equity Shares |
Rs. 10/- each |
Rs. 9.950 Millions |
|
5000 |
Preference Shares |
Rs. 10/- each |
Rs. 0.050 Million |
|
|
Total |
|
Rs.10.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
450000 |
Equity Shares |
Rs. 10/- each |
Rs. 4.500
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
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|
(1)Shareholders' Funds |
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|
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(a) Share Capital |
4.500 |
4.500 |
4.500 |
|
(b) Reserves & Surplus |
72.557 |
67.398 |
68.166 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
77.057 |
71.898 |
72.666 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
58.279 |
60.584 |
48.812 |
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(b) Deferred tax liabilities (Net) |
9.056 |
8.036 |
6.485 |
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(c) Other long term
liabilities |
8.674 |
5.896 |
4.772 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
76.009 |
74.516 |
60.069 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
122.489 |
103.136 |
72.325 |
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(b) Trade
payables |
24.714 |
36.171 |
21.281 |
|
(c) Other
current liabilities |
29.012 |
58.089 |
36.765 |
|
(d) Short-term
provisions |
9.121 |
5.623 |
8.447 |
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Total Current
Liabilities (4) |
185.336 |
203.019 |
138.818 |
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TOTAL |
338.402 |
349.433 |
271.553 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
173.682 |
168.091 |
90.557 |
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(ii)
Intangible Assets |
2.367 |
2.545 |
3.272 |
|
(iii)
Capital work-in-progress |
0.000 |
5.996 |
57.098 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.102 |
0.102 |
0.102 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
12.552 |
9.495 |
7.762 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
188.703 |
186.229 |
158.791 |
|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
57.443 |
87.560 |
54.718 |
|
(c) Trade
receivables |
66.185 |
47.895 |
36.285 |
|
(d) Cash
and cash equivalents |
4.860 |
10.819 |
12.544 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
21.211 |
16.930 |
9.215 |
|
Total
Current Assets |
149.699 |
163.204 |
112.762 |
|
|
|
|
|
|
TOTAL |
338.402 |
349.433 |
271.553 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
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SALES |
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||
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Income |
301.400 |
202.100 |
254.300 |
|
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Other Income |
NA |
NA |
NA |
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TOTAL |
NA |
NA |
NA |
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EXPENSES |
NA |
NA |
NA |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
19.942 |
12.005 |
17.523 |
||
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||
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Less |
DEPRECIATION/
AMORTISATION |
12.214 |
11.037 |
9.419 |
||
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||
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|
PROFIT/(LOSS)
BEFORE TAX |
7.728 |
0.968 |
8.104 |
||
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Less |
TAX |
2.570 |
1.735 |
1.916 |
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PROFIT/(LOSS)
AFTER TAX |
5.158 |
(0.767) |
6.188 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
55.750 |
56.517 |
54.597 |
||
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Add |
EXCESS PROVISION
OF DIVIDEND TAX WRITTEN BACK |
0.000 |
0.000 |
0.012 |
||
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Less |
APPROPRIATIONS |
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||
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Transfer to General Reserve |
0.000 |
0.000 |
0.619 |
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|
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Dividend |
0.000 |
0.000 |
3.150 |
|
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Tax on Dividend |
0.000 |
0.000 |
0.511 |
|
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|
BALANCE CARRIED
TO THE B/S |
60.908 |
55.750 |
56.517 |
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EARNINGS IN
FOREIGN CURRENCY |
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||
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Export Earnings |
184.333 |
64.731 |
104.052 |
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TOTAL EARNINGS |
184.333 |
64.731 |
104.052 |
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IMPORTS |
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Raw Material |
29.269 |
17.039 |
23.894 |
|
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|
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Tools and Attachments |
2.616 |
2.234 |
1.990 |
|
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Components |
7.678 |
17.447 |
4.269 |
|
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TOTAL IMPORTS |
39.563 |
36.720 |
30.153 |
||
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||
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Earnings /
(Loss) Per Share (Rs.) |
11.46 |
(1.71) |
13.75 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.71 |
(0.38) |
2.43 |
|
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Return on Total Assets (PBT/Total Assets} |
(%) |
2.28 |
0.28 |
3.78 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.01 |
0.11 |
|
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|
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|
Debt Equity Ratio (Total Debt /Networth) |
|
2.35 |
2.28 |
1.67 |
|
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|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.81 |
0.80 |
0.81 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
4.500 |
4.500 |
4.500 |
|
Reserves & Surplus |
68.166 |
67.398 |
72.557 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
72.666 |
71.898 |
77.057 |
|
|
|
|
|
|
Long Term borrowings |
48.812 |
60.584 |
58.279 |
|
Short Term borrowings |
72.325 |
103.136 |
122.489 |
|
Total
borrowings |
121.137 |
163.720 |
180.768 |
|
Debt/Equity
ratio |
1.667 |
2.277 |
2.346 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
254.300 |
202.100 |
301.400 |
|
|
|
(20.527) |
49.134 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
254.300 |
202.100 |
301.400 |
|
Profit |
6.188 |
(0.767) |
5.158 |
|
|
2.43% |
(0.38%) |
1.71% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
Term loan from Bank of Maharashtra |
0.000 |
0.002 |
0.002 |
|
Term loan from Yes bank |
0.000 |
2.799 |
7.706 |
|
Term loan from TJSB Bank |
8.000 |
9.032 |
5.200 |
|
Total |
8.000 |
11.833 |
12.908 |
|
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 |
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 |
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 |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
SHORT TERM BORROWINGS |
|
|
|
From Directors |
17.264 |
17.502 |
|
From Shareholders
|
23.274 |
23.102 |
|
From Associated
Company |
23.767 |
22.007 |
|
Total |
64.305 |
62.611 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10397182 |
27/11/2012 |
6,000,000.00 |
TJSB Sahakari Bank Limited |
Tip Top Plaza, Wagle Estate Branch,, Wagle Estate, Thane, Maharashtra - 400604, India |
B65959421 |
|
2 |
10397184 |
27/11/2012 |
7,000,000.00 |
TJSB Sahakari Bank Limited |
Tip Top Plaza, Wagle Estate Branch,, Wagle Estate Thane, Maharashtra - 400604, India |
B65959496 |
|
3 |
10367273 |
21/04/2014 * |
80,000,000.00 |
Yes Bank Limited |
9th
Floor, Nehru Centre, Discovery Of India,, Dr. |
C03786407 |
|
4 |
10345446 |
09/02/2012 |
15,000,000.00 |
TJSB Sahakari Bank Limited |
Shop |
B36231199 |
|
5 |
10345447 |
09/02/2012 |
15,000,000.00 |
TJSB Sahakari Bank Limited |
Shop No. 10&11, Ground Floor,, Tip Top Plaza, L.B.S. Road, Wagle Industrial Estate, Thane, Maharashtra - 400604, India |
B36231678 |
|
6 |
10340259 |
13/01/2012 |
3,000,000.00 |
TJSB Sahakari Bank Limited |
Shop No.10 & 11, Ground Floor,, Tip Top Plaza, L.B.S. Road, Wagle Ind. Estate,, Thane, Maharashtra - 400604, India |
B34173237 |
|
7 |
10330804 |
13/03/2014 * |
80,000,000.00 |
Yes Bank Limited |
9th
Floor, Nehru Centre, Discovery Of India,, Dr. |
C03693397 |
|
8 |
10304634 |
09/08/2011 |
8,000,000.00 |
The Thane Janata Sahakari Bank Limited |
Shop No 10/11 Tip Top Plaza, Lbs Road Wagle Estate, Thane, Maharashtra - 400604, India |
B19798750 |
|
9 |
10285122 |
21/04/2011 |
49,000,000.00 |
The Thane Janata Shakari Bank Limited |
Wagle Industrial Estate,, Thane, Maharashtra - 400604, India |
B12040366 |
|
10 |
90143569 |
15/09/2001 |
12,500,000.00 |
Union Bank Of India |
SSI Finance Thane Branch; D. Indl. Services, Amrut Nagar; 1st Floor; Majiwada, Thane, Maharashtra - 400601, India |
- |
|
11 |
90142185 |
30/07/1998 |
4,500,000.00 |
Union Bank Of India |
SSI Finance Thane Branch; D. Indl. Services, Amrut Nagar; 1st Floor; Majiwada, Thane, Maharashtra - 400601, India |
- |
|
12 |
90140604 |
29/12/1995 |
6,500,000.00 |
Union Bank Of India |
SSI Finance Thane Branch; D. Indl. Services, Amrut Nagar; 1st Floor; Majiwada, Thane, Maharashtra - 400601, India |
- |
|
13 |
90141887 |
28/12/1995 |
6,500,000.00 |
Union Bank Of India |
SSI Finance Thane Branch; D. Indl. Services, Amrut Nagar; 1st Floor; Majiwada, Thane, Maharashtra - 400601, India |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.62.4 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
43 |
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.