1. Summary Information
|
|
|
Country |
|
|
Company Name |
BADVE ENGINEERING LIMITED |
Principal Name 1 |
Mr. Shrikant Shankar Badve |
|
Status |
Good |
Principal Name 2 |
Mr. Ashok Vishnu Tagare |
|
|
|
Registration # |
11-102827 |
|
Street Address |
Plot No D-39 MIDC Area, Waluj, |
||
|
Established Date |
25.09.1996 |
SIC Code |
-- |
|
Telephone# |
91-240-2555186 |
Business Style 1 |
Manufacture |
|
Fax # |
91-240-2555337 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Bracket and clutch Plate |
|
|
# of employees |
Not Available |
Product Name 2 |
Refrigerator |
|
Paid up capital |
Rs.3,142,000/- |
Product Name 3 |
Washing Machine |
|
Shareholders |
Bodies corporate – 9.44% Directors or relatives of directors – 90.41% Other – 0.15% |
Banking |
The
Saraswat Co-op. Bank Limited |
|
Public Limited Corp. |
-- |
Business Period |
18 Years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
Ba
(52) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary |
India |
Badve Helmet India Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
2,330,834,000 |
Current Liabilities |
760,078,000 |
|
Inventories |
634,828,000 |
Long-term Liabilities |
4,486,610,000 |
|
Fixed Assets |
5,083,286,000 |
Other Liabilities |
867,607,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
6,114,295,000 |
|
Invest& other Assets |
312,275,000 |
Retained Earnings |
2,243,786,000 |
|
|
|
Net Worth |
2,246,928,000 |
|
Total Assets |
8,361,223,000 |
Total Liab. & Equity |
8,361,223,000 |
|
Total Assets (Previous Year) |
5,837,656,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
10,141,484,000 |
Net Profit |
613,293,000 |
|
Sales(Previous yr) |
8,570,976,000 |
Net Profit(Prev.yr) |
520,774,000 |
|
Report Date : |
08.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
BADVE ENGINEERING LIMITED (w.e.f.07.01.2008) |
|
|
|
|
Formerly Known
As : |
BADVE ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. D-39, MIDC Area, Waluj, Aurangabad - 431133, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
25.09.1996 |
|
|
|
|
Com. Reg. No.: |
11-102827 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.3.142
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U73100MH1996PLC102827 |
|
|
|
|
IEC No.: |
0300035918 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKB01165D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB9378F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Bracket and clutch Plate for trucks and Press parts for
Refrigerator, Washing Machine, Television etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 8988000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a flagship company of Badve Group. It is a well-established
company having fine track record. Financial position of the company appears to be sound. Directors are
reported to be experienced and respectable businessman. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitments. The company can be considered good for normal 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.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring
has risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India
committee has recommended setting up a special category of lenders who would
cater to small businesses and households, to expand the number of customers
with access to banking services. These banks would focus onproviding payment
services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General
Election. The government will soon launch an internet spy system, called Netra,
to detect malafide messages. Security agency will deploy the system to capture
dubious voice traffic on applications such as Skype and Google Talk, as well as
tweeters.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Bank facilities : Fund based long term : A- |
|
Rating Explanation |
Adequate degree of and low credit risk. |
|
Date |
December 04, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Bank facilities : Non-fund based short term
: A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
December 04, 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.
LOCATIONS
|
Registered Office/ Factory : |
Plot No. D-39, MIDC Area, Waluj, Aurangabad - 431133, Maharashtra,
India |
|
Tel. No.: |
91-240-2555186 |
|
Fax No.: |
91-240-2555337 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Other Factories : |
Located at: v Gut No. 15, Naigavan, Khandewadi, Tq. Paithan, Aurangabad - 431105, Maharashtra, India v Gut No. 63-64, Near Green Gold Seeds, Narayanpur, Aurangabad – 431133, Maharashtra, India v B-32, 1/5, MIDC Industrial Area, Waluj, Aurangabad, Maharashtra, India v Plot No. B-5 & B-6, Industrial Area, Waluj, Aurangabad - 431136, Maharashtra, India v Plot No.A-23/1, Chakan Industrial Area, Phase - II, Village Khalumbre, Tq.Khed, District Pune, Maharashtra, India v Plot No. C-11/A, MIDC Area, Ranjangaon - 412209, Maharashtra, India v Plot No. 9, Floriculture Park, Talegaon – Dabhade, Taluka Maval, Pune, Maharashtra, India v Plot No. SPL-6, Tapukara Industrial Area, Tq. Tizara, District Alwar - 301707, Rajasthan, India v Plot No.15, Sector - 10, IIE- Sidcul, Pantnagar, Rudrapur – 263153, Uttrakhand, India v
Tata Vendor Park, Plot No.52, Sector - 11, IIE
SIDCUL, Uttrakhand, v Plot No.207 to 210 & 211P, 234P, 235, 238, Narasapura Industrial Area, District Kolar – 563133, Bangalore, Karnataka, India v C/o. Komal Plast Tech. Plot No 163/A, Belur Industrial Area, Dharwad - 580011, Karnataka, India v B-4/18,
SIDCO Industrial Estate, Maraimalainagar, Kanchipuram, Tamilnadu, India |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Mr. Shrikant Shankar Badve |
|
Designation : |
Managing director |
|
Address : |
Flat No.6, Shubhkamana Apartment, Dashmesh Nagar, Aurangabad-400005,
Maharashtra, India |
|
Date of Birth/Age : |
10.10.1965 |
|
Qualification : |
B.E |
|
Date of Appointment : |
01.09.2000 |
|
PAN No.: |
ABOPB6940M |
|
DIN No.: |
00295505 |
|
|
|
|
Name : |
Mr. Shankar Prabhakar Badve |
|
Designation : |
Director |
|
Address : |
Shri Malvika Co-op Housing Society, 53, Erandwana, Pune - 411004,
Maharashtra, India |
|
Date of Birth/Age : |
14.11.1938 |
|
Qualification : |
B.E |
|
Date of Appointment : |
05.03.2012 |
|
DIN No.: |
00247931 |
|
|
|
|
Name : |
Mr. Govindswami Sambandha Moorthy |
|
Designation : |
Director |
|
Address : |
Bunglow No 3 A, Tapdiya Estate, Near A S Club, Nagar Highway,
Aurangabad - 400005, Maharashtra, India |
|
Date of Birth/Age : |
15.02.1938 |
|
Qualification : |
B.E |
|
Date of Appointment : |
15.03.2005 |
|
DIN No.: |
00295625 |
|
|
|
|
Name : |
Mrs. Supriya Shrikant Badve |
|
Designation : |
Director |
|
Address : |
Flat No.6, Shubhkamana Apartment, Dashmesh Nagar, Aurangabad - 400005,
Maharashtra, India |
|
Date of Birth/Age : |
10.07.1969 |
|
Qualification : |
M.S.C |
|
Date of Appointment : |
14.07.2008 |
|
PAN No.: |
AICPB9394G |
|
DIN No.: |
00366164 |
|
|
|
|
Name : |
Mr. Ashok Vishnu Tagare |
|
Designation : |
Director |
|
Address : |
12, Arihant, Shree Lane No. 7, Dahanukar Colony, Pune-411038,
Maharashtra, India |
|
Date of Birth/Age : |
26.05.1945 |
|
Qualification : |
B.E |
|
Date of Appointment : |
01.03.2002 |
|
DIN No.: |
00370768 |
|
|
|
|
Name : |
Saligrama Narayana Prasad |
|
Designation : |
Director |
|
Address : |
F-201, Adarsh Gardens, 47th Cross, Jayanagar, 8th
Block, Bangalore, Karnataka, India |
|
Date of Birth/Age : |
01.08.1943 |
|
Qualification : |
B.E |
|
Date of Appointment : |
27.09.2013 |
|
DIN No.: |
06467148 |
KEY EXECUTIVES
|
Name : |
Mr. Rahul Ganu |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
AS ON 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Badve Autocomps Private Limited, India |
|
540 |
|
Creative Tools & Press Components Private Limited,
India |
|
190 |
|
Sumedh Shrikant Badve |
|
140 |
|
Swastid Shrikant Badve |
|
140 |
|
Rajiv Vasant Savarkar |
|
850 |
|
Sanjay Shankar Badve |
|
20 |
|
Shankar Prabhakar Badve |
|
10250 |
|
Shankar Prabhakar Badve (HUF) |
|
10 |
|
Shrikant Shankar Badve |
|
234105 |
|
Shrikant Shankar Badve (HUF) |
|
5730 |
|
Vasant Ramkrishna Savarkar |
|
14110 |
|
Kumud Shankar Badve |
|
4745 |
|
Supriya Shrikant Badve |
|
14440 |
|
Yogita Sanjay Badve |
|
10 |
|
Sumedh Tools Private Limited, India |
|
28940 |
|
|
|
|
|
Total |
|
314220 |
AS ON 27.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
9.44 |
|
Directors
or relatives of directors |
90.41 |
|
Others |
0.15 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Bracket and clutch Plate for trucks and Press parts
for Refrigerator, Washing Machine, Television etc. |
||||
|
|
|
||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management
|
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Bankers : |
v The Saraswat
Co-operative Bank Limited, Rasec, Kanchan Chambers, Kranti Chowk, Station
Road, Aurangabad - 431005, Maharashtra, India v IDBI Bank Limited,
IDBI Tower, WTC Complex, Cuffe Parade, Mumbai - 400005, Maharashtra, India v The Saraswat
Co-operative Bank Limited, Plot No. X-23, MIDC Waluj, Aurangabad - 431133,
Maharashtra, India v Union Bank of India Industrial Finance Branch, 619, Sachapir Street, Camp, Pune - 411001, Maharashtra, India v The Cosmos
Co-Operative Bank Limited (Chinchwad Branch) 269/270, Shaniwar Peth, Pune - 411030,
Maharashtra, India v ICICI Bank
Limited, ICICI Tower, NBCC Place, Bhisham Pitamah Marg, Pragati Vihar, New
Delhi - 110003, India v Axis Bank
Limited, Corporate Banking Branch, 214-215, City Mall, Near Pune University,
Ganeshkhind Road, Pune - 411007, Maharashtra, India v Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai - 400021, Maharashtra, India v HDFC Bank
Limited |
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Rajasthan State Industrial Development and Investment
Corporation Limited, Udyog Bhavan, Tilak Marg, Jaipur - 302005, Rajasthan,
India |
|
|
|
|
Auditors : |
|
|
Name : |
Ashok Patil and Associates Chartered Accountants |
|
Address : |
AP Heights, Behind Gopal Cultural Hall, Osmanpura,
Aurangabad – 431005, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABFPP1555R |
|
|
|
|
Associate Companies
: |
v Badve Autocomps Private Limited v
Creative Tools and Press Components Private
Limited v
Sumedh Tools Private Limited |
|
|
|
|
Other Related Party
: |
Badve Helmets
India Private Limited [U74999MH2006PTC166603] |
|
|
|
|
Joint Venture : |
Badve-Cellino
Engineering Private Limited [U28110PN2012PTC141935] |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 115.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
314,220 |
Equity Shares |
Rs. 10/- each |
Rs. 3.142
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
3.142 |
|
(b) Reserves & Surplus |
|
|
2243.786 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
2246.928 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
3545.483 |
|
(b) Deferred tax liabilities (Net) |
|
|
115.264 |
|
(c) Other long term liabilities |
|
|
383.853 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current Liabilities (3) |
|
|
4044.600 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
|
941.127 |
|
(b) Trade payables |
|
|
574.061 |
|
(c) Other current
liabilities |
|
|
368.490 |
|
(d) Short-term provisions |
|
|
186.017 |
|
Total Current Liabilities (4) |
|
|
2069.695 |
|
|
|
|
|
|
TOTAL |
|
|
8361.223 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
2663.069 |
|
(ii) Intangible Assets |
|
|
0.137 |
|
(iii) Capital
work-in-progress |
|
|
2420.080 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
312.275 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
313.104 |
|
(e) Other Non-current assets |
|
|
0.590 |
|
Total Non-Current Assets |
|
|
5709.255 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
634.828 |
|
(c) Trade receivables |
|
|
1237.256 |
|
(d) Cash and cash
equivalents |
|
|
28.343 |
|
(e) Short-term loans
and advances |
|
|
374.184 |
|
(f) Other current
assets |
|
|
377.357 |
|
Total Current Assets |
|
|
2651.968 |
|
|
|
|
|
|
TOTAL |
|
|
8361.223 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
9.942 |
2.942 |
|
|
2] Share Application Money |
|
93.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
1517.889 |
984.090 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1620.831 |
987.032 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
2820.415 |
1892.699 |
|
|
2] Unsecured Loans |
|
333.633 |
381.763 |
|
|
TOTAL BORROWING |
|
3154.048 |
2274.462 |
|
|
DEFERRED TAX LIABILITIES |
|
113.446 |
122.968 |
|
|
|
|
|
|
|
|
TOTAL |
|
4888.325 |
3384.462 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
2391.891 |
1884.562 |
|
|
Capital work-in-progress |
|
687.904 |
413.989 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
253.621 |
248.544 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
547.253
|
359.806
|
|
|
Trade receivable |
|
1296.997
|
941.304
|
|
|
Cash & Bank Balances |
|
4.925
|
16.226
|
|
|
Other Current Assets |
|
138.936
|
0.000
|
|
|
Loans & Advances |
|
516.129
|
346.432
|
|
Total
Current Assets |
|
2504.240
|
1663.768 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
556.153
|
0.000
|
|
|
Other Current Liabilities |
|
280.586
|
663.517
|
|
|
Provisions |
|
112.592
|
163.050
|
|
Total
Current Liabilities |
|
949.331
|
826.567 |
|
|
Net Current Assets |
|
1554.909
|
837.201 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.166 |
|
|
|
|
|
|
|
|
TOTAL |
|
4888.325 |
3384.462 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10141.484 |
8570.976 |
6332.962 |
|
|
|
Other Income |
19.513 |
4.059 |
13.044 |
|
|
|
TOTAL (A) |
10160.997 |
8575.035 |
6346.006 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
7689.323 |
6521.003 |
4911.031 |
|
|
|
Manufacturing Expenses |
0.000 |
0.000 |
757.657 |
|
|
|
Research development Expenditure |
0.000 |
0.000 |
0.236 |
|
|
|
Employee benefit expenses |
870.845 |
732.640 |
0.000 |
|
|
|
Other expenses |
484.532 |
418.170 |
0.000 |
|
|
|
Exceptional items before tax |
2.349 |
(58.979) |
0.000 |
|
|
|
TOTAL (B) |
9047.049 |
7612.834 |
5668.924 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1113.948 |
962.201 |
677.082 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
280.788 |
208.448 |
159.152 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
833.160 |
753.753 |
517.930 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
170.246 |
148.729 |
132.187 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
662.914 |
605.024 |
385.743 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
49.621 |
84.250 |
72.130 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
613.293 |
520.774 |
313.613 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
1952.00 |
1480.900 |
1063.36 |
|
|
|
Diluted |
1345.00 |
1480.900 |
1063.36 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
6.04
|
6.07 |
4.94
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.54
|
7.06 |
6.09
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.78
|
12.36 |
10.87
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.37 |
0.39
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.00
|
1.94 |
2.30
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
2.63 |
2.01
|
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 |
Yes |
|
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 |
10475121 |
11/01/2014 |
1,349,000.00 |
THE
SARASWAT CO-OP BANK LIMITED |
RASEC,
KANCHAN CHAMBERS, KRANTI CHOWK, STATION RO |
B95312856 |
|
2 |
10464829 |
30/11/2013 |
318,000.00 |
THE
SARASWAT CO-OP BANK LIMITED |
RASEC,
KANCHAN CHAMBERS, KRANTI CHOWK, STATION RO |
B91405993 |
|
3 |
10464823 |
28/11/2013 |
722,000.00 |
THE
SARASWAT CO-OP BANK LIMITED |
RASEC,
KANCHAN CHAMBERS, KRANTI CHOWK, STATION RO |
B91402487 |
|
4 |
10450634 |
20/09/2013 |
2,100,000.00 |
THE
SARASWAT CO-OP BANK LIMITED |
RASEC,
KANCHAN CHAMBERS, KRANTI CHOWK, STATION ROAD, AURANGABAD, MAHARASHTRA -
431005, INDIA |
B85579878 |
|
5 |
10447790 |
31/08/2013 |
733,000.00 |
THE
SARASWAT CO-OP BANK LIMITED |
RASEC,
KANCHAN CHAMBERS, KRANTI CHOWK, STATION ROAD, AURANGABAD, MAHARASHTRA -
431005, INDIA |
B84393339 |
|
6 |
10414284 |
29/03/2013 |
105,000,000.00 |
IDBI
BANK LIMITED |
IDBI
TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B71616940 |
|
7 |
10414289 |
29/03/2013 |
300,000,000.00 |
IDBI
BANK LIMITED |
IDBI
TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B71618441 |
|
8 |
10414306 |
29/03/2013 |
300,000,000.00 |
IDBI
BANK LIMITED |
IDBI
TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B71617518 |
|
9 |
10420193 |
22/03/2013 |
1,590,000.00 |
THE
SARASWAT CO-OP BANK LIMITED |
RASEC,
KANCHAN CHAMBERS, KRANTI CHOWK, STATION ROAD, AURANGABAD, MAHARASHTRA -
431005, INDIA |
B73323693 |
|
10 |
10420197 |
19/03/2013 |
897,000.00 |
THE
SARASWAT CO-OP BANK LIMITED |
RASEC,
KANCHAN CHAMBERS, KRANTI CHOWK, STATION ROAD, AURANGABAD, MAHARASHTRA - 431005,
INDIA |
B73324261 |
|
11 |
10400520 |
13/03/2013
* |
479,500,000.00 |
RAJASTHAN
STATE INDUSTRIAL DEVELOPMENT & INVESTMEN |
UDYOG
BHAVAN ,TILAK MARG, JAIPUR, RAJASTHAN - 302005, INDIA |
B71372288 |
|
12 |
10399667 |
10/12/2013
* |
1,400,000,000.00 |
UNION
BANK OF INDIA INDUSTRIAL FINANCE BRANCH |
619,SACHAPIR
STREET,, CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
B95622494 |
|
13 |
10361420 |
29/05/2012 |
9,800,000.00 |
THE
SARASWAT CO-OP BANK LIMITED |
RASEC,
KANCHAN CHAMBERS, KRANTI CHOWK, STATION ROAD, AURANGABAD, MAHARASHTRA -
431005, INDIA |
B41951559 |
|
14 |
10357306 |
31/03/2012 |
125,000,000.00 |
THE
COSMOS CO-OPERATIVE BANK LTD. (CHINCHWAD BRANCH) |
269/270,
SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA |
B40199655 |
|
15 |
10343577 |
31/07/2012
* |
360,000,000.00 |
ICICI
BANK LIMITED |
ICICI
TOWER, NBCC PLACE,, BHISHAM PITAMAH MARG,PR |
B45422045 |
|
16 |
10343536 |
20/03/2012 |
200,000,000.00 |
ICICI
BANK LIMITED |
ICICI
TOWER, NBCC PLACE,, BHISHAM PITAMAH MARG,PR |
B35577766 |
|
17 |
10348597 |
12/09/2012
* |
1,116,000,000.00 |
THE
SARASWAT CO-OP BANK LIMITED |
PLOT
NO. X-23, MIDC WALUJ, AURANGABAD, MAHARASHTRA |
B59337964 |
|
18 |
10340935 |
16/02/2012 |
690,000.00 |
THE
SARASWAT CO-OP BANK LIMITED |
RASEC,
KANCHAN CHAMBERS, KRANTI CHOWK, STATION ROAD, AURANGABAD, MAHARASHTRA -
431005, INDIA |
B34478149 |
|
19 |
10307257 |
23/08/2011 |
203,240,000.00 |
THE
SARASWAT CO-OP BANK LIMITED |
PLOT
NO. X-23, MIDC WALUJ, AURANGABAD, MAHARASHTRA |
B20994513 |
|
20 |
10295588 |
19/05/2011 |
50,000,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANCH) |
269/270,,
SHANIWAR PETH,, PUNE, MAHARASHTRA - 411030, INDIA |
B16353401 |
|
21 |
10285375 |
11/04/2011 |
600,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC,
KANCHAN CHAMBERS, KRANTI CHOWK,, STATION ROAD,, AURANGABAD, MAHARASHTRA -
431005, INDIA |
B12154217 |
|
22 |
10286305 |
29/07/2013
* |
293,750,000.00 |
AXIS
BANK LIMITED |
CORPORATE
BANKING BRANCH,214-215,CITY MALL, NEAR PUNE UNIVERSITY, GANESHKHIND ROAD, PUNE,
MAHARASHTRA - 411007, INDIA |
B83067116 |
|
23 |
10272925 |
10/02/2011 |
170,000,000.00 |
THE
COSMOS CO-OPERATIVE BANK LIOMITED (CHINCHWAD |
269/270,,
SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA |
B07155344 |
|
24 |
10274639 |
01/02/2011 |
109,015,000.00 |
THE
SARASWAT CO-OP BANK LIMITED |
PLOT
NO. X-23, MIDC WALUJ, AURANGABAD, MAHARASHTRA |
B08479503 |
|
25 |
10265956 |
06/01/2011 |
179,200,000.00 |
THE
SARASWAT CO-OP BANK LIMITED |
PLOT
NO. X-23, MIDC WALUJ, AURANGABAD, MAHARASHTRA |
B04692885 |
|
26 |
10263728 |
30/11/2010 |
129,049,000.00 |
THE
SARASWAT CO-OP BANK LIMITED |
PLOT
NO. X-23, MIDC AREA, WALUJ, AURANGABAD, MAHARASHTRA - 431003, INDIA |
B03618410 |
|
27 |
10258345 |
22/11/2010 |
138,500,000.00 |
THE
COSMOS CO-OPERATIVE BANK LTD. (CHINCHWAD BR.) |
269/270,
SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA |
B01206382 |
|
28 |
10241741 |
15/09/2010 |
350,000.00 |
THE
SARASWAT COP-OPERATIVE BANK LIMITED |
PLOT
NO. X-23, MIDC AREA WALUJ,, AURANGABAD, MAHARASHTRA - 431003, INDIA |
A95320263 |
|
29 |
10226104 |
19/05/2010 |
80,000,000.00 |
THE
COSMOS CO-OPERATIVE BANK LTD (CHINCHWAD BR) |
269/270,
SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA |
A88448881 |
|
30 |
10226103 |
17/05/2010 |
4,200,000.00 |
THE
COSMOS CO-OPERATIVE BANK LTD (CHINCHWAD BR) |
269/270,
SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA |
A88447990 |
|
31 |
10205120 |
29/03/2013
* |
190,000,000.00 |
IDBI
BANK LIMITED |
IDBI
TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B71617872 |
|
32 |
10205119 |
31/01/2013
* |
250,000,000.00 |
IDBI
BANK LIMITED |
IDBI
TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B69260073 |
|
33 |
10186385 |
09/11/2009 |
509,000.00 |
THE
SARASWAT CO-OP BANK LIMITED |
BRANCH
STATION ROAD,, AURANGABAD, MAHARASHTRA - 431005, INDIA |
A73295149 |
|
34 |
10185705 |
29/07/2013
* |
200,000,000.00 |
AXIS
BANK LIMITED |
CORPORATE
BANKING BRANCH,214-215,CITY MALL, NEAR PUNE UNIVERSITY,GANESHKHIND ROAD,
PUNE,MAHARASHTA - 411007, INDIA |
B83702209 |
|
35 |
10181491 |
25/09/2009 |
40,000,000.00 |
THE
COSMOS CO-OPERATIVE BANK LIMITED (CHINCHWAD BR |
269/270,
SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA |
A71312607 |
|
36 |
10299352 |
23/09/2009 |
9,240,000.00 |
IDBI
BANK LIMITED |
486,
CHIPLUNKAR BHAVAN, GROUND FLOOR, LBS ROAD,, |
B02919777 |
|
37 |
10148746 |
02/03/2009 |
100,000,000.00 |
THE
SARASWAT CO-OP BANK LIMITED |
BRANCH
WALUJ, AURANGABAD, MAHARASHTRA - 431136, INDIA |
A58775511 |
|
38 |
10128221 |
17/09/2008 |
207,500,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED CHINCHWAD BRANCH |
269/270,
SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA |
A47196563 |
|
39 |
10100153 |
10/04/2008 |
40,000,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
PLOT
NO. X-23, WALUJ INDUSTRIAL AREA, NEAR HOTEL |
A37367216 |
|
40 |
10097740 |
31/03/2008 |
80,000,000.00 |
THE
SARASWAT CO-OP. BANK LIMITED |
PLOT
NO. X-23, WALUJ INDUSTRIAL AREA,, NEAR HOTEL |
A36361939 |
|
41 |
10097741 |
31/03/2008 |
110,000,000.00 |
THE
SARASWAT CO-OP. BANK LIMITED |
PLOT
NO. X-23, WALUJ INDUSTRIAL AREA,, NEAR HOTEL |
A36362846 |
|
42 |
10087668 |
08/02/2008 |
20,000,000.00 |
THE
SARASWAT CO-OP. BANK LIMITED |
PLOT
NO. X-23, WALUJ INDUSTRIAL AREA,, NEAR HOTEL |
A32455578 |
|
43 |
10087444 |
08/02/2008 |
20,000,000.00 |
THE
SARASWAT CO-OP. BANK LIMITED |
PLOT
NO. X-23, WALUJ INDUSTRIAL AREA,, NEAR HOTEL |
A32372187 |
|
44 |
10085453 |
05/05/2011
* |
74,900,000.00 |
THE
SARASWAT COP-OP BANK LIMITED |
PLOT
NO. X-23, MIDC WALUJ, AURANGABAD, MAHARASHTRA |
B13562525 |
|
45 |
10082242 |
28/12/2007 |
1,140,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
PLOT
NO.X-23, WALUJ INDUSTRIAL AREA,, NEAR HOTEL |
A29699766 |
|
46 |
10085175 |
18/12/2007 |
5,000,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ,,
AURANGABAD,, AURANGABAD, MAHARASHTRA - 431003, INDIA |
A30967319 |
|
47 |
10071170 |
26/09/2007 |
1,800,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ
BRANCH, AURANGABAD, AURANGABAD, MAHARASHTRA |
A24736373 |
|
48 |
10069209 |
02/12/2013
* |
510,100,000.00 |
THE
SARASWAT CO-OP BANK LIMITED |
PLOT
NO. X-23, MIDC WALUJ, AURANGABAD, MAHARASHTRA |
B91643262 |
|
49 |
10072660 |
05/09/2007 |
160,000,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ
BRANCH, AURANGABAD, AURANGABAD, MAHARASHTRA |
A25377318 |
|
50 |
10072661 |
05/09/2007 |
160,000,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ,
AURANGABAD, MAHARASHTRA - 431005, INDIA |
A25376336 |
|
51 |
10066242 |
02/04/2013
* |
50,000,000.00 |
KOTAK
MAHINDRA BANK LIMITED |
36-38A,
NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
B72975964 |
|
52 |
10080501 |
30/03/2007 |
8,500,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ,
AURANGABAD, AURANGABAD, MAHARASHTRA - 431005, INDIA |
A28630606 |
|
53 |
10044653 |
24/03/2007 |
54,750,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ
BRANCH, AURANGABAD, AURANGABAD, MAHARASHTRA |
A13080296 |
|
54 |
10044272 |
24/03/2007 |
54,750,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ
BRANCH, AURANGABAD, MAHARASHTRA - 431005, INDIA |
A13106059 |
|
55 |
10035618 |
19/01/2007 |
51,400,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ
BRANCH, AURANGABAD, AURANGABAD, MAHARASHTRA |
A10365492 |
|
56 |
10036747 |
19/01/2007 |
51,400,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ
BRANCH, AURANGABAD, AURANGABAD, MAHARASHTRA |
A10362242 |
|
57 |
10032407 |
02/04/2013
* |
320,000,000.00 |
KOTAK
MAHINDRA BANK LIMITED |
36-38A,
NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
B72976509 |
|
58 |
10026725 |
05/10/2006 |
782,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ
BRANCH, AURANGABAD, MAHARASHTRA - 431005, INDIA |
A06414965 |
|
59 |
10026133 |
04/10/2006 |
6,500,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ
BRANCH, AURANGABD, MAHARASHTRA - 431005, INDIA |
A06430300 |
|
60 |
10073273 |
26/09/2006 |
22,700,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
MIDC
WALUJ, AURANGABAD, MAHARASHTRA - 430033, INDIA |
A06378814 |
|
61 |
10083574 |
26/09/2006 |
22,700,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
MIDC
WALUJ, AURANGABAD, MAHARASHTRA - 431005, INDIA |
A11525920 |
|
62 |
10092865 |
26/09/2006 |
22,700,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ,
AURANGABAD, MAHARASHTRA - 431005, INDIA |
A11534146 |
|
63 |
10018656 |
30/08/2006 |
821,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ
AURANGABAD, AURANGABAD, MAHARASHTRA - 431005, INDIA |
A04506119 |
|
64 |
10012625 |
27/07/2006 |
349,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ
BRANCH, AURANGABAD, MAHARASHTRA - 431136, INDIA |
A03004496 |
|
65 |
10008521 |
22/06/2006 |
13,600,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
MIDC
WALUJ, AURANGABAD, MAHARASHTRA - 430033, INDIA |
A01933365 |
|
66 |
10008548 |
22/06/2006 |
13,600,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ
BRANCH, AURANGABAD, MAHARASHTRA - 431005, INDIA |
A02028405 |
|
67 |
10008169 |
05/06/2006 |
6,623,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
MIDC
WALUJ, AURANGABAD, MAHARASHTRA - 430033, INDIA |
A01612399 |
|
68 |
10003766 |
28/03/2006 |
73,500,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ
BRANCH, AURANGABAD, AURANGABAD, MAHARASHTRA |
A00380055 |
|
69 |
80030611 |
30/03/2007
* |
8,500,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ
BRANCH, AURANGABAD, MAHARASHTRA - 431005, INDIA |
A15635881 |
|
70 |
90160594 |
23/01/2004 |
40,000,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ
BRANCH, AURANGABAD, MAHARASHTRA, INDIA |
- |
|
71 |
90158106 |
10/09/2007
* |
140,100,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
WALUJ,
AURANGABAD, AURANGABAD, MAHARASHTRA - 400130, INDIA |
A25376864 |
* Date of charge modification
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
Deferred sales tax loan |
197.126 |
|
Loans and advances from related parties |
219.308 |
|
|
|
|
Total |
416.434 |
|
UNSECURED LOANS |
31.03.2012 (Rs.
In Millions) |
|
Loans and Advance From Related Parties |
333.633 |
|
|
|
|
Total |
333.633 |
PERFORMANCE
During the year under consideration, the company has
achieved a gross turnover of Rs. 11577.200 Millions as compared to the gross turnover
of Rs. 9742.900 Millions of last year at a growth rate of 18.83%. It has earned
Cash Profit of Rs. 708.200 Millions during this year as compared to Cash Profit
of Rs. 510.900 Millions of preceding year. No doubt they have achieved good
results for FY 2012, and they believe they are poised to achieve much more in
the years to come. Especially when their economy is on a path of robust growth,
their customers like Bajaj Auto Limited, TATA Motors Limited and Honda
Motorcycle and Scooters (India) Private Limited (HMSIPL) are outperforming the
markets; they need to push ourselves to make the most of these opportunities.
"The company is implementing for major developments and expansions: A
project in the state of Karnataka for one of the Auto giant namely Honda
Motorcycle and Scooters (India) Private Limited (HMSIPL). The Company has
signed MoU with the Government of Karnataka for setting up a project for
Automobile parts situated at Narasapura Industrial Area, Taluka and District:
Kolar Karnataka. And also Company has entered into a Joint Venture with Cellino
SRL Manufacturing Company, Itally to carry out the business of the engineering,
manufacture and sale of automotive and other components with particular
emphasis on sheet metal parts and manufacturing progressive tools. The Company
has received the status of ""Mega Project"" for the plant
namely Unit XIII situated at Plot No.A-23/1 and Plot No.B-39, Chakan, Tal:
Khed, District Pune – 410 501, in January 2013 [a ‘C+'' Zone under the Package
Scheme of Incentives (PSI) 2007] from Government of Maharashtra. The Company is
also in discussions with various customers for their new developments which
could call for further expansion of capacities. "
AWARDS AND
ACHIEVEMENTS
"During the year, the company have registered notable
achievements and received reputable accolades. Some of them are enumerated
below: t Unit-V Aurangabad has received the prestigious BAL 'Q' Gold Awards
from their esteemed customer Bajaj Auto Limited. t Unit-V IMTMA - SIEMENS
Productivity Championship Award 2012 t Unit-V Aurangabad has received
certification from OHSAS 18001:2007. t Ranjangaon Moulding Div. Pune received
""Innovation Level II Award"" from LG Electronics. t
""Growth with Quality"" Partnership with Tata Motors
Limited. t ""Best Debutant Vendor of 2010-11"" from Ashok
Leyland. They are happy to convey that one of their Unit V is selected for the
final round of JIPM a Japanese Company which is pioneer in the TPM (Total
Productivity Maintenance)"
FIXED ASSETS:
· Land
Buildings
Other
building
Plant
and equipment
Factory
equipments
Other
plant and equipment
Furniture
and fixtures
Vehicles
Motor
vehicles
Office
equipment
Computer
equipments
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 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. 61.01 |
|
|
1 |
Rs. 101.78 |
|
Euro |
1 |
Rs. 84.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
NKT |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
52 |
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.