MIRA INFORM REPORT
|
Report Date : |
03.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
POONA SHIMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
39/39, Darshangad Apartments, Prabhat Road, Lane No.9C, Pune – 411
004, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
07.03.1981 |
|
|
|
|
Com. Reg. No.: |
11-024033 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.534
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29302PN1981PTC024033 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEP00299F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Oil Coolers, Fuel Rails for Diesel
Engines Automotive and Industrial Application. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1896000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Financial position of the company is good. Reserves of the company are
decent. Trade relations are reported as fair. Business is active. Payment
terms are reported to usually correct and as per commitment. The company can be considered normal 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.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
NEWS
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual growth
and compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before. A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two. While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs.2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers with hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SME 1 |
|
Rating Explanation |
Highest credit worthiness. |
|
Date |
January 23, 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.
INFORMATION PARTED BY
|
Name : |
Mr. Dutta |
|
Designation : |
Accountant |
|
Contact No.: |
91-20-25410833 |
|
Date : |
03.07.2014 |
LOCATIONS
|
Registered Office : |
39/39 Darshangad Apartments, |
|
Tel. No.: |
91-20-25410833/ 25425492 |
|
Fax No.: |
91-20-25410529 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Plant I : |
Stainless
Steel Oil Coolers and EGR Coolers 73/10+11, Mumbai-Pune Highway (Old), Vadgaon Maval, Taluka Maval, District Pune – 412 106, Maharashtra. India. |
|
Tel. No.: |
91-2114-222480/ 235971/
72/ 73 |
|
|
|
|
Plant II : |
Aluminium
Oil Coolers Gat No.723, At
and Post Village Javale, Near Naygaon Village, Taluka Khandala, District
Satara – 421 801, Maharashtra, India. |
|
Tel. No.: |
91-2169-241153 |
DIRECTORS
AS ON 17.08.2013
|
Name : |
Mr. Mahesh Anant Athavale |
|
Designation : |
Director |
|
Address : |
117/121/2, Nandnanda, Prabhat Road, Pune – 411 004, Maharashtra, India |
|
Date of Birth/Age : |
20.07.1961 |
|
Date of Appointment : |
05.02.2005 |
|
DIN No.: |
00003989 |
|
|
|
|
Name : |
Mr. Anil Shankar Gupte |
|
Designation : |
Director |
|
Address : |
Flat No.101, Kalpita Apartments, Prabhat Road, Pune – 411 004, Maharashtra,
India |
|
Date of Birth/Age : |
13.04.1941 |
|
Date of Appointment : |
07.03.1981 |
|
DIN No.: |
00102642 |
|
|
|
|
Name : |
Mrs. Shubha Anil Gupte |
|
Designation : |
Managing Director |
|
Address : |
Flat No.101, Kalpita Apartments, Prabhat Road, Pune – 411 004,
Maharashtra, India |
|
Date of Birth/Age : |
06.07.1942 |
|
Date of Appointment : |
07.03.1981 |
|
DIN No.: |
00102832 |
|
|
|
|
Name : |
Mr. Sanjeev Madhusudan Gadkari |
|
Designation : |
Director |
|
Address : |
1555, Sadashiv Peth, Chiman Baug, Tilak, Pune – 411 030, Maharashtra,
India |
|
Date of Birth/Age : |
28.02.1953 |
|
Date of Appointment : |
05.02.2005 |
|
DIN No.: |
00128493 |
|
|
|
|
Name : |
Mr. Uday Shamrao Bakshi |
|
Designation : |
Director |
|
Address : |
Plot No.27, Siddhivinayak Housing Society, Talegaon, Pune – 410 507,
Maharashtra, India |
|
Date of Birth/Age : |
04.02.1965 |
|
Date of Appointment : |
28.08.2009 |
|
DIN No.: |
02453835 |
KEY EXECUTIVES
|
Name : |
Mr. Dutta |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 17.08.2013
|
Names of Shareholders (A Class Equity Shares) |
|
No. of Shares |
|
Akshay Shashank Patil |
|
10 |
|
Anil S. Gupte jointly with Mahesh Athavale jointly with Sanjeev
Gadkari |
|
17360 |
|
Anil S. Gupte jointly with Seema S. Patil |
|
1700 |
|
Shubha Gupte jointly with Mahesh Athavale jointly with Sanjeev Gadkari |
|
12510 |
|
Shubha Gupte jointly with Seema
S. Patil |
|
6040 |
|
Seema S. Patil |
|
1500 |
|
Seema S. Patil jointly with Varad S. Patil |
|
300 |
|
Varad S. Patil jointly with Seema S. Patil |
|
200 |
|
Mahesh Athavale jointly with Mrudani Athavale |
|
230 |
|
Gupte Family Trust, India |
|
490 |
|
Total |
|
40340 |
|
Names of Shareholders (B Class Equity Shares) |
|
No. of Shares |
|
Gupte Family Trust, India |
|
5000 |
|
Total |
|
5000 |
AS ON 17.08.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Oil Coolers, Fuel Rails for Diesel
Engines Automotive and Industrial Application. |
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Products : |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Sudan |
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Terms : |
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Selling : |
Agent Performance / Agent Document |
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Purchasing : |
Agent Performance / Agent Document |
PRODUCTION STATUS [AS ON 31.03.2012]
|
Particulars |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Oil Coolers |
NA |
NA |
719725 |
|
Fuel Rail |
NA |
NA |
7883 |
GENERAL INFORMATION
|
Customers : |
Others TRUCK OEMS
PASSENGER CAR / UTILITY VEHICLES OEMS
Off Highway (Only Diesel Engines)
OEMs
TRACTOR OEMS
|
|||||||||||||||
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|
|||||||||||||||
|
No. of Employees : |
100 (Approximately) |
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Bankers : |
|
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|||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Amod Bapat Chartered Accountant |
|
Address : |
Flat No.2, Chandanban Co-Operative Society, Lakaki Road, Model Colony,
Pune – 411 016, Maharashtra, India |
|
Tel. No.: |
91-20-25674649/ 65228176 |
|
PAN No.: |
AAZPB5481B |
|
|
|
|
Other Related Parties (As on 31.03.2012) : |
Poona Pressings Private Limited
|
CAPITAL STRUCTURE
AS ON 17.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
A Class Equity Shares |
Rs.100/- each |
Rs.5.000 millions |
|
5000 |
B Class Equity Shares |
Rs.100/- each |
Rs.0.500 million |
|
|
Total |
|
Rs.5.500
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40340 |
A Class Equity Shares |
Rs.100/- each |
Rs.4.034
millions |
|
5000 |
B Class Equity Shares |
Rs.100/- each |
Rs.0.500
million |
|
|
Total |
|
Rs.4.534 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.534 |
4.534 |
4.534 |
|
(b) Reserves & Surplus |
469.488 |
420.093 |
380.064 |
|
(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) |
474.022 |
424.627 |
384.598 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
1.075 |
1.075 |
3.281 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term provisions |
16.463 |
13.495 |
12.653 |
|
Total
Non-current Liabilities (3) |
17.538 |
14.570 |
15.934 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
17.147 |
6.960 |
4.878 |
|
(b)
Trade payables |
38.540 |
28.573 |
38.457 |
|
(c)
Other current liabilities |
8.368 |
7.451 |
4.984 |
|
(d)
Short-term provisions |
26.939 |
36.056 |
34.577 |
|
Total
Current Liabilities (4) |
90.994 |
79.040 |
82.896 |
|
|
|
|
|
|
TOTAL |
582.554 |
518.237 |
483.428 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
197.754 |
159.918 |
140.698 |
|
(ii)
Intangible Assets |
0.241 |
0.233 |
0.228 |
|
(iii)
Capital work-in-progress |
0.509 |
7.217 |
9.163 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
10.535 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.382 |
0.114 |
0.613 |
|
(d) Long-term Loan
and Advances |
19.233 |
14.656 |
12.201 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
228.654 |
182.138 |
162.903 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
15.431 |
0.000 |
0.000 |
|
(b)
Inventories |
123.097 |
144.110 |
130.112 |
|
(c)
Trade receivables |
166.781 |
159.764 |
140.278 |
|
(d)
Cash and cash equivalents |
25.355 |
0.860 |
3.026 |
|
(e)
Short-term loans and advances |
1.065 |
1.922 |
0.980 |
|
(f)
Other current assets |
22.171 |
29.443 |
46.129 |
|
Total
Current Assets |
353.900 |
336.099 |
320.525 |
|
|
|
|
|
|
TOTAL |
582.554 |
518.237 |
483.428 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
706.907 |
593.971 |
|
|
|
Other Income |
|
|
2.746 |
|
|
|
TOTAL (A) |
783.689 |
706.907 |
596.717 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
604.198 |
487.252 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
663.182
(including
interest) |
604.198 (including
interest) |
487.252 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
109.465 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST (D) |
|
|
0.250 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
120.507 |
102.709 |
109.215 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
31.145 |
29.467 |
20.542 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
89.362 |
73.242 |
88.673 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
29.393 |
23.189 |
29.461 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
59.969 |
50.053 |
59.212 |
|
|
|
|
|
|
|
|
|
|
Excess/ Short
Provision for Taxation |
(0.035) |
0.515 |
-- |
|
|
|
Prior Period Tax
Adjustment |
-- |
-- |
(1.786) |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
289.450 |
256.745 |
215.918 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
9.068 |
9.068 |
9.068 |
|
|
|
Tax on Proposed Dividend |
1.471 |
1.471 |
1.541 |
|
|
|
Transfer to General Reserve |
8.936 |
7.324 |
5.921 |
|
|
BALANCE CARRIED
TO THE B/S |
329.909 |
289.450 |
256.814 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
16.537 |
17.885 |
11.937 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
101.790 |
100.690 |
|
|
TOTAL IMPORTS |
NA |
101.790 |
100.690 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1322.65 |
1099.00 |
1305.96 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
820.000 |
|
|
|
|
|
The above information has been parted by Mr. Dutta (Accountant).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
7.65 |
7.08 |
9.92 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
NA |
14.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.65 |
14.34 |
18.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.17 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.04 |
0.02 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.89 |
4.25 |
3.87 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
4.534 |
4.534 |
4.534 |
|
Reserves & Surplus |
380.064 |
420.093 |
469.488 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
384.598 |
424.627 |
474.022 |
|
|
|
|
|
|
Long-term borrowings |
3.281 |
1.075 |
1.075 |
|
Short term borrowings |
4.878 |
6.960 |
17.147 |
|
Total borrowings |
8.159 |
8.035 |
18.222 |
|
Debt/Equity ratio |
0.021 |
0.019 |
0.038 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Total Income |
596.717 |
706.907 |
783.689 |
|
|
|
18.466 |
10.862 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Total Income |
596.717 |
706.907 |
783.689 |
|
Profit |
59.212 |
50.053 |
59.969 |
|
|
9.92% |
7.08% |
7.65% |
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 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 |
Yes |
|
20) Export / Import details (if
applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
Yes |
|
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 |
Yes |
LITIGATION
DETAILS:
|
Case Details |
|
Bench:-Bombay |
|
Presentation
Date:- |
05/05/2014 |
||||||||
|
Lodging No.:- |
ITXAL/917/2014 |
Filing Date:- |
05/05/2014 |
||||||
|
|
Petitioner:- |
The Commissioner of Income Tax-II, Pune |
Respondent:- |
Poona
Shims Private Limited |
|
|||
|
|
Petn. Adv.:- |
Vipul Arun Bajpayee |
Resp. Adv.:- |
Vishnu S. Hadade |
|
|||
|
District:- |
PUNE |
|
Bench:- |
DIVISION |
||||
|
Status:- |
Pre-Admission |
Category:- |
TAX APPEALS |
|
Last Date:- |
09/06/2014 |
Stage:- |
-- |
|
Last Coram:- |
REGISTRAR(OS)/PROTHONOTARY AND SR. MASTER |
|
Act :- |
Income Tax Act, 1961 |
Under Section:- |
260A |
|
Unsecured Loans |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Deposits from related
parties |
1.075 |
1.075 |
|
Total |
1.075 |
1.075 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
90085268 |
28/03/2012 * |
30,000,000.00 |
STATE BANK OF INDIA
DECCAN GYMKHANA BRANCH |
1ST FLOOR PMT
HOUSE-SHIROLE BHAVAN, DECCAN GYMKHANA, PUNE, MAHARASHTRA - 411004, INDIA |
B37180320 |
|
2 |
90090480 |
26/09/2003 * |
9,500,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, PUNE, MAHARASHTRA - 411003, INDIA |
- |
|
3 |
90093406 |
16/03/1996 * |
1,360,000.00 |
STATE BANK OF INDIA |
MAIN BRANCH, PUNE,
MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
Tangible Assets
· Land at Jawale
· Building
· Plant and Machinery
· Vehicles
· Furniture and Fittings
Intangible Assets
· Software
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.59.97 |
|
|
1 |
Rs.102.90 |
|
Euro |
1 |
Rs.82.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.