MIRA INFORM REPORT
|
Report Date : |
18.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHOGINI TECHNOARTS PRIVATE LIMITED
|
|
|
|
|
Registered
Office : |
Gat No. 788, Khed Shivapur, Taluka Haveli, District Pune –
412205, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.08.1982 |
|
|
|
|
Com. Reg. No.: |
25-028059 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 99.020 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32104PN1982PTC028059 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES00080D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS9247E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Selling of Printed Circuit Boards. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 530000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having moderate track. The company possesses a moderate financial profile marked by
acceptable networth base and working capital intensive operations which may
act as a threat to the liquidity position. Management has reported a decent sales volume as well as net
profitability during FY14. Trade relations seems to be fair. Business is active. Payment terms
are reported as slow but correct. In view of long standing presence, the subject 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 – 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 |
CRISIL SME |
|
Rating |
“SME3” |
|
Rating Explanation |
Above Average creditworthiness. |
|
Date |
December, 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
31-03-2014.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
(CONTACT NO.: 91-20-66471700)
LOCATIONS
|
Registered Office/ Factory : |
Gat No. 788, Khed Shivapur, Taluka Haveli, District Pune – 412205, Maharashtra, India |
|
Tel. No.: |
91-20-66471800 |
|
Fax No.: |
91-20-66471820 / 24384536 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
"Shogini" S. No. 5, Katraj - Sinhagad Road By Pass, Near Sinhagad Road, Fly Over, Ambegaon Budruk, Pune – 411046, Maharashtra, India |
|
Tel. No.: |
91-20-66471700 |
|
Fax No.: |
91-20-66471714 |
|
E-Mail : |
|
|
|
|
|
Sales Offices : |
Located at: v Mumbai v Bangalore v New Delhi v Hyderabad v Gujarat v Kolkata |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Vinayak Vishnu Athavale |
|
Designation : |
Managing Director |
|
Address : |
5B, S.R. No. 9,Vedant Nagari, Karve Nagar, Pune - 411052, Maharashtra,
India |
|
Date of Birth/Age : |
21.08.1951 |
|
Qualification : |
Engineer |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
AANPA3587F |
|
DIN No.: |
00388842 |
|
|
|
|
Name : |
Mr. Vijay Mukund Athavale |
|
Designation : |
Whole-time director / Executive Chairmen |
|
Address : |
Gate No. 788, Khed Shivapur, Taluka Haveli, District Pune, |
|
Date of Birth/Age : |
01.01.1946 |
|
Qualification : |
Master In Computer |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
ABIPA3664K |
|
DIN No.: |
00388657 |
|
|
|
|
Name : |
Mrs. Geeta Abhijit Tamhankar |
|
Designation : |
Whole-time director [Technical and Production ] |
|
Address : |
999-B, Mayuresh Society, Phathak Baug, Rajendra Nagar, Pune – 411030,
Maharashtra, India |
|
Date of Birth/Age : |
22.01.1972 |
|
Qualification : |
BE in Electronics |
|
Date of Appointment : |
01.07.1998 |
|
PAN No.: |
AAHPT6104H |
|
DIN No.: |
00389092 |
|
|
|
|
Name : |
Mr. Rhushikesh Ravikiran Modak |
|
Designation : |
Whole-time director [Technical and Production ] |
|
Address : |
19, Vivek Society, Padmavati, Pune – 411009, Maharashtra, India |
|
Date of Birth/Age : |
12.05.1974 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
28.03.2001 |
|
PAN No.: |
AFNPM5262L |
|
DIN No.: |
00389147 |
|
|
|
|
Name : |
Mrs. Seema Rhushikesh Modak |
|
Designation : |
Whole-time director |
|
Address : |
19, Vivek Society, Padmavati, Pune – 411009, |
|
Date of Birth/Age : |
21.08.1977 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
01.01.2002 |
|
PAN No.: |
AFNPM5261K |
|
DIN No.: |
00389187 |
|
|
|
|
Name : |
Mr. Abhijit Sriniwas Tamhankar |
|
Designation : |
Whole-time director |
|
Address : |
999-B, Mayuresh Society, Phatak Baug, Rajendra Nagar, Pune – 411030, Maharashtra, India |
|
Date of Birth/Age : |
23.06.1969 |
|
Date of Appointment : |
01.09.1996 |
|
PAN No.: |
ABEPT3198D |
|
DIN No.: |
01515483 |
|
|
|
|
Name : |
Mr. Sachin Vinayak Athavle |
|
Designation : |
Whole-time director [EDP and Planning] |
|
Address : |
Plot 5B, S. No. 9, Ashirwad, Vedant Nagari, Karve Nagar, Pune –
411052, Maharashtra, India |
|
Date of Birth/Age : |
25.05.1982 |
|
Date of Appointment : |
25.09.2013 |
|
PAN No.: |
AHSTA0643C |
|
DIN No.: |
06656590 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Manohar Godbole |
|
Designation : |
Company Secretary |
|
Address : |
25, Dattaguru Apartments, 3rd Floor, Dhankwadi, Pune – 411043, Maharashtra, India |
|
Date of Appointment : |
01.08.2004 |
|
PAN No.: |
ABBPG9181E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
99.66 |
|
Others |
0.34 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of Printed Circuit Boards. |
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Supplier : |
Not Divulged |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customer : |
Not Divulged |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
Information declined by the management. |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
v The Saraswat Co-Operative Bank Limited SME Branch, C-2 Kohinoor Estate Co-Operative Housing, Plot No. 12, Mula Road, Pune - 411003, Maharashtra, India v The Saraswat Co-Operative Bank Limited Karve Road Branch, Pune - 411004, Maharashtra, India v Shree Sharada Sahakari Bank Limited Sadashiv Peth Branch, 1209 Sadashiv Peth, Tilak Wadi, Pune - 411030, Maharashtra, India v Shree Sharada Sahakari Bank Limited 62/4A, Madhuri Milind Complex, Opposite Hotel Abhiruchi, Sinhagad Road Vadgaoan BK, Pune - 411041, Maharashtra , India v Janata Sahakari Bank Limited 1444 Shukrawar Peth, Bajirao Road, Pune - 411002, Maharashtra, India v Vilya Sahakari Bank Limited Laxmi Road, Pune - 411030, Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
NOTE LONG-TERM BORROWINGS Term loan from Shree Sharada Sahakari Bank Limited is secured by hypothecation of Plant and Machinery of the Company. The loan is repayable in 60 EMI of Rs. 0.572 Million commencing from 17-1-2013 and ending on 10-3-2016 with rate of interest charged @ 13%. SHORT TERM BORROWINGS Cash credit and Bill discounting from Saraswat Co-operative Bank Limited is secured by hypothecation of stocks in hand, receivables, machinery and Mortgage of land and building and personal guarantee of the directors. The same is repayable on demand & carries interest @ 12.00% p.a. 2. F.D.O.D. from HDFC Bank Limited is secured by pledge of Fixed Deposit receipts of the company maturing on 14th October 2014 amounting to Rs. 17.000 Millions. The same is repayable on demand and carries interest @ 9.50% p.a. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
H M A and Associates Chartered Accountants |
|
Address : |
202, Gulmohar Apartments, 773/7A, Shivaji Nagar, Prabhat Road,
Lane No. 10, Pune – 411004, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFG3833H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries
: |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,195,000 |
Equity Shares |
Rs. 100/- each |
Rs. 119.500 Millions |
|
5,000 |
Preference Shares |
Rs. 100/- each |
Rs. 0.500 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 120.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
990,000 |
Equity Shares |
Rs. 100/- each |
Rs. 99.000
Millions |
|
200 |
Preference Shares |
Rs. 100/- each |
Rs. 0.020
Million |
|
|
|
|
|
|
|
Total |
|
Rs. 99.020 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 |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
99.020 |
99.020 |
99.020 |
|
(b) Reserves & Surplus |
85.614 |
86.327 |
77.604 |
|
(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) |
184.634 |
185.347 |
176.624 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
28.167 |
18.232 |
13.618 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
1.389 |
1.394 |
1.519 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
29.556 |
19.626 |
15.137 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
440.433 |
466.965 |
587.937 |
|
(b)
Trade payables |
150.026 |
218.800 |
130.719 |
|
(c)
Other current liabilities |
8.699 |
26.326 |
54.241 |
|
(d)
Short-term provisions |
52.127 |
28.137 |
16.667 |
|
Total
Current Liabilities (4) |
651.285 |
740.228 |
789.564 |
|
|
|
|
|
|
TOTAL |
865.475 |
945.201 |
981.325 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
221.017 |
214.482 |
209.774 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
2.214 |
0.941 |
0.307 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1.526 |
1.525 |
1.351 |
|
(c) Deferred tax assets
(net) |
13.086 |
12.933 |
10.127 |
|
(d) Long-term Loan
and Advances |
14.561 |
13.376 |
14.517 |
|
(e)
Other Non-current assets |
2.712 |
3.824 |
4.754 |
|
Total
Non-Current Assets |
255.116 |
247.081 |
240.830 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.108 |
|
(b)
Inventories |
166.569 |
225.411 |
201.836 |
|
(c)
Trade receivables |
282.620 |
302.266 |
255.230 |
|
(d)
Cash and cash equivalents |
145.622 |
158.004 |
273.478 |
|
(e)
Short-term loans and advances |
(0.183) |
0.010 |
0.133 |
|
(f)
Other current assets |
15.731 |
12.429 |
9.710 |
|
Total
Current Assets |
610.359 |
698.120 |
740.495 |
|
|
|
|
|
|
TOTAL |
865.475 |
945.201 |
981.325 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
1134.377 |
1127.253 |
962.135 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
980.846 |
1000.895 |
832.712 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
153.531 |
126.358 |
129.423 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
86.640 |
71.608 |
83.666 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
66.891 |
54.750 |
45.757 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
41.885 |
41.822 |
43.347 |
|
|
|
|
|
|
|
|
|
Add |
EXCEPTIONAL
ITEMS |
0.000 |
0.014 |
4.261 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
25.006 |
12.942 |
6.671 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.341 |
4.215 |
0.662 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
16.665 |
8.727 |
6.009 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
58.858 |
50.571 |
44.867 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Bonus issue of Shares |
0.000 |
0.000 |
0.000 |
|
|
|
Transfer to General Reserve |
0.833 |
0.436 |
0.301 |
|
|
|
Dividend on Equity Shares |
14.850 |
0.000 |
0.000 |
|
|
|
Dividend on Preference Shares |
0.003 |
0.003 |
0.003 |
|
|
|
Dividend tax |
2.524 |
0.001 |
0.001 |
|
|
BALANCE CARRIED
TO THE B/S |
57.313 |
58.858 |
50.571 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.83 |
8.81 |
6.07 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
13.53 |
11.21 |
13.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.95 |
1.39 |
0.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.07 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.54 |
2.62 |
3.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.94 |
0.94 |
0.94 |
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 |
99.020 |
99.020 |
99.020 |
|
Reserves & Surplus |
77.604 |
86.327 |
85.614 |
|
Net worth |
176.624 |
185.347 |
184.634 |
|
|
|
|
|
|
long-term borrowings |
13.618 |
18.232 |
28.167 |
|
Short term borrowings |
587.937 |
466.965 |
440.433 |
|
Total borrowings |
601.555 |
485.197 |
468.600 |
|
Debt/Equity ratio |
3.406 |
2.618 |
2.538 |
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 |
962.135 |
1127.253 |
1134.377 |
|
|
|
17.162 |
0.632 |
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 |
962.135 |
1127.253 |
1134.377 |
|
Profit |
6.009 |
8.727 |
16.665 |
|
|
0.62% |
0.77% |
1.47% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
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 |
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 |
10507118 |
20/06/2014 |
40,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, |
C09928375 |
|
2 |
10457415 |
03/10/2013 |
20,000,000.00 |
SHREE SHARADA SAHAKARI BANK LTD |
62/4A ,MADHURI MILIND COMPLEX,, OPP.HOTEL ABHIRUC |
B88435052 |
|
3 |
10396963 |
26/12/2012 |
25,000,000.00 |
SHREE SHARADA SAHAKARI BANK LTD |
62/4A,MADHURI MILIND COMPLEX,, OPP.HOTEL ABHIRUCH |
B65881146 |
|
4 |
90082793 |
10/01/2013 * |
520,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD. |
SME BRANCH, C-2 KOHINOOR ESTATE CO-OPERATIVE HSG, |
B66472671 |
* Date of charge modification
UNSECURED LOANS
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Deferred sales tax loan |
0.000 |
0.627 |
|
Deposits from directors |
12.500 |
12.500 |
|
Deposits from others |
0.000 |
0.360 |
|
SHORT TERM BORROWINGS |
|
|
|
Deposits from directors |
185.685 |
186.715 |
|
Intercorporate deposits |
11.200 |
11.200 |
|
|
|
|
|
Total |
209.385 |
211.402 |
CORPORATE
INFORMATION
The company is a private limited company domiciled in India and incorporated under the provisions of Companies Act, 1956. The company is in the manufacturing and selling of Printed Circuit Boards with factory at Khed-Shivapur, District - Pune and office at Ambegaon, Dist - Pune.
REVIEW OF OPERATIONS
During the year, the Total Revenue from Operations of the Company was reported at Rs. 1134.377 Millions as against to Rs. 1127.253 Millions of the Previous Year. The Company has earned a Profit after tax of Rs. 16.664 Millions as compared to Profit after tax of Rs. 8.727 Millions of the previous year.
FIXED ASSETS:
v Land
v Buildings
v Office
building
v Factory
building
v Plant
and equipment
v Factory
equipments
v Emission
reduction equipment
v Furniture
and fixtures
v Vehicles
v Motor
vehicles
v Office
equipment
v Computer
equipments
v Other
equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] 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. 63.58 |
|
|
1 |
Rs. 99.98 |
|
Euro |
1 |
Rs. 79.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
4 |
|
--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 |
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 |
|
44 |
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.