MIRA
INFORM REPORT
|
Report Date : |
09.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
TRITOOLS MACHINERY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.R-498/1,
TTC Industrial Area, Rabale, Navi Mumbai – 400 701, |
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Country : |
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|
Financials (as
on) : |
31.03.2011 |
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|
|
|
Date of
Incorporation : |
16.09.2004 |
|
|
|
|
Com. Reg. No.: |
11-148658 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.100
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29200MH2004PTC148658 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Trader of Metalworking Machinery. |
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|
|
|
No. of Employees
: |
7 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 71000 |
|
|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Unknown |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. Latest financials of 2012 and 2013 are not available with us. Mr. Aldrin, Director provided general information and also informed
that the company has achieved sales turnover of 60.000 millions in FY 2011-12
and 80.000 millions in FY 2012-13, which is not verified. As per previous, company performance appears to be normal. However, trade relation reported to be fair. Business is active.
Payment terms are reported to be unknown. The company can be considered for business dealing 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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million estimated
losses suffered by India due to phishing attacks during the third quarter,
according to a study by RSA. India ranks fourth in the list of nations hit by
phishing attacks. The US remained at the top of the charts. Phishing is the
process of acquiring information such as user names, passwords and credit card
details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Aldrin Marshal D’ Souza |
|
Designation : |
Director |
|
Contact No.: |
91-9820419494 |
|
Date : |
27.12.2013 |
LOCATIONS
|
Registered Office/ Corporate Office/ Warehouse : |
Plot No.R-498/1,
TTC Industrial Area, Rabale, Navi Mumbai – 400 701, Maharashtra, India |
|
Tel. No.: |
91-22-65159751 |
|
Mobile No.: |
91-9820419494 (Mr. Aldrin Marshal D’ Souza) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2012
|
Name : |
Mr. Alan Jude D’ Souza |
|
Designation : |
Director |
|
Address : |
1201/B, Runwal Heights, L.B.S. Road, Mulund (West), Mumbai – 400 080, Maharashtra,
India |
|
Date of Birth/Age : |
25.01.1968 |
|
Date of Appointment : |
16.09.2004 |
|
DIN No.: |
00684559 |
|
|
|
|
Name : |
Mr. Aldrin Marshal D’ Souza |
|
Designation : |
Director |
|
Address : |
B/1402, Runwal Heights, L.B.S. Road, Mulund (West), Mumbai – 400 080,
Maharashtra, India |
|
Date of Birth/Age : |
09.02.1973 |
|
Date of Appointment : |
16.09.2004 |
|
DIN No.: |
00684564 |
|
|
|
|
Name : |
Mr. Alford G. D' Souza |
|
Designation : |
Director |
|
Address : |
7, Valerain, St. Pius CHS, X Nahur Road, Mulund (West), Mumbai – 400
080, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1974 |
|
Date of Appointment : |
16.09.2004 |
|
DIN No.: |
01686078 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Alan Jude D’ Souza |
|
3334 |
|
Aldrin Marshal D’ Souza |
|
3333 |
|
Alford G. D' Souza |
|
3333 |
|
Total
|
|
10000 |
AS ON 30.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Metalworking Machinery. |
|
|
|
|
Products : |
·
Bearing Machine ·
Boring Machine ·
Drilling Machine ·
Gear Machine ·
Grinding Machine ·
Milling Machine ·
CNC Machine ·
Lathe Machine ·
Plano Miller |
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|
|
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Imports : |
|
|
Products : |
·
Machine |
|
Countries : |
·
Europe ·
America |
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Terms : |
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Selling : |
Credit and Advance |
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Purchasing : |
Credit and Advance |
GENERAL INFORMATION
|
Suppliers : |
·
Axel Machines Outils,
France |
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Customers : |
Others (Manufacturer) ·
Gabriel India Limited,
Pune |
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No. of Employees : |
7 (Approximately) |
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Bankers : |
·
Kotak Mahindra Bank Limited, 36-38A, Nariman
Bhavan, 227,D, Nariman Point, Mumbai – 400 021, Maharashtra, India ·
Citizen Co-Operative Bank Limited ·
Punjab National Bank |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Dipak Kapadia and Associates Chartered Accountants |
|
Address : |
B-3, Anubhav, 1st Floor, Mulund Dayalu (Apt.) Co-operative
Housing Society Limited, Zaver Road, Mulund (West), Mumbai – 400 080,
Maharashtra, India |
|
Tel. No.: |
91-22-25643531/ 25618328 |
|
PAN No.: |
AABPK5645E |
CAPITAL STRUCTURE
AS ON 30.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each
|
Rs.0.100
million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
1.001 |
1.001 |
1.001 |
|
|
3] Reserves & Surplus |
16.704 |
11.763 |
7.373 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
17.805 |
12.864 |
8.474 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.821 |
3.628 |
6.769 |
|
|
2] Unsecured Loans |
5.196 |
2.205 |
4.223 |
|
|
TOTAL BORROWING |
6.017 |
5.833 |
10.992 |
|
|
DEFERRED TAX LIABILITIES |
1.194 |
1.082 |
0.949 |
|
|
|
|
|
|
|
|
TOTAL |
25.016 |
19.779 |
20.415 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
10.658 |
11.153 |
11.578 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.001 |
0.001 |
0.001 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.005 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
19.562
|
14.364 |
13.178 |
|
|
Sundry Debtors |
(0.725)
|
0.830 |
0.000 |
|
|
Cash & Bank Balances |
1.205
|
0.936 |
1.483 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.036 |
|
|
Loans, Advances & Deposits |
1.809
|
0.926 |
2.455 |
|
Total
Current Assets |
21.851
|
17.056 |
17.152 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3.932
|
|
5.481 |
|
|
Other Current Liabilities |
0.612
|
0.862 |
|
|
|
Provisions |
2.950
|
3.140 |
2.852 |
|
Total
Current Liabilities |
7.494
|
8.431 |
8.333 |
|
|
Net Current Assets |
14.357
|
8.625 |
8.819 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.012 |
|
|
|
|
|
|
|
|
TOTAL |
25.016 |
19.779 |
20.415 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
80.913 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
|
80.913 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
73.119 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
|
73.119 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
7.794 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.503 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
|
7.291 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
2.350 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
|
4.941 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
494.07 |
|
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
Sales Turnover (Approximately) |
|
80.000 |
60.000 |
|
|
|
|
|
Expected Sales (2013-2014): Rs.50.000 millions
The above information has been parted by Mr. Aldrin (Director).
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
6.11
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.43
|
NA |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41
|
NA |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.34
|
0.45 |
1.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.92
|
2.02 |
2.06 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last one year |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
Yes |
|
18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if
applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
No |
|
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 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10247744 |
29/08/2011 * |
15,000,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227, D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B23103054 |
|
2 |
90238560 |
29/01/2008 * |
12,500,000.00 |
CITIZENCREDIT CO-OPERATIVE
BANK LIMITED-MULUND BRANCH |
SAI DHAM
APARTMENTS, P K ROAD EXTENSION, MULUND (WEST), MUMBAI, MAHARASHTRA - 400080,
INDIA |
A31979826 |
|
3 |
90243920 |
29/01/2008 * |
12,500,000.00 |
CITIZENCREDIT
CO-OPERATIVE BANK LIMITED-MULUND BRANCH |
SAI DHAM
APARTMENTS, P K ROAD EXTENSION, MULUND (WEST), MUMBAI, MAHARASHTRA - 400080,
INDIA |
A31980691 |
* Date of charge modification
|
Unsecured Loans |
31.03.2011 (Rs.
in Millions) |
31.03.2010 (Rs.
in Millions) |
|
Alan J. D' Souza |
2.435 |
1.438 |
|
Aldrin M. D' Souza |
1.686 |
0.689 |
|
Alford G. D' Souza |
1.075 |
0.078 |
|
Total
|
5.196 |
2.205 |
FIXED ASSETS:
·
Air Conditioner
·
Electrical Fittings
·
Computer
·
Overhead Crane
·
Fire Extinguisher
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.62.24 |
|
|
1 |
Rs.102.17 |
|
Euro |
1 |
Rs.84.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.