MIRA INFORM REPORT
|
Report Date : |
11.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
POWER ENGINEERING (INDIA) PRIVATE LIMITED (w.e.f. 03.01.2007) |
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Formerly Known As : |
CONSOLIDATED POWER TECHNIQUES LIMITED |
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Registered Office : |
58/A, Tuem Industrial Estate, Tuem, Pedne – 403512, |
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Country : |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
06.11.1996 |
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Com. Reg. No.: |
24-002221 |
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Capital Investment / Paid-up Capital : |
Rs.59.202 Millions |
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CIN No.: [Company
Identification No.] |
U31101GA1996PTC002221 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRP07327F |
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PAN No.: [Permanent Account No.] |
AACCC2414P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Diesel Generating Sets. |
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No. of Employees: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Management has reported a better increase in its sales volume as well
as recorded a profit during 2013, against previous consecutive losses. The rating also takes into consideration high working capital
requirements, resulting increased reliance on short term borrowings along
with excessive trade receivables which affects the liquidity position. Moreover, intense competitive pressures from both organised and
unorganised players and high concentration risks should be taken into
account. However, trade relations appear to be fair. Business is active.
Payment terms are reported as slow. In view of long standing experience of the promoters the subject can
be considered for business dealings with great caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 wih 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 |
ICRA |
|
Rating |
Fund based limits = B- |
|
Rating Explanation |
High risk of default regarding timely servicing of financial
obligations |
|
Date |
June 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limits = A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
June 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 DENIED
MANAGEMENT NON-COOPERATIVE
CONTACT NO.: 91-832-3061013
LOCATIONS
|
Registered Office : |
58/A, Tuem Industrial Estate, Tuem, Pedne – 403512, |
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Tel. No.: |
91-832-3292841/ 3061000 |
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Fax No.: |
91-832-2201688 |
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E-Mail : |
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Corporate Office / Marketing Head
Office |
503,504 Cosmos Centre, 5th Floor,
Morod, Mapusa, Bardez – 403507, Goa, India |
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Tel. No.: |
91-832-3292844 / 45 / 46 / 47 |
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Fax No.: |
91-832-2255904 |
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E-Mail : |
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Website : |
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Marketing Office : |
Located
at ·
UK ·
Mumbai ·
Delhi |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Atul Devidas Pai Kane |
|
Designation : |
Managing director |
|
Address : |
274/A, Satyam, |
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Date of Birth/Age : |
07.03.1969 |
|
Date of Appointment : |
06.11.1996 |
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PAN No.: |
AEYPK0025K |
|
DIN No.: |
00453585 |
|
Name : |
Mr. Sunil Manohar Pai Kane |
|
Designation : |
Whole-time director |
|
Address : |
Bungalow No.1, Bhobe Resudency, Green Valley, Off Chogm Road, Alto Porvorim
-403521, Bardez, Goa, India |
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Date of Birth/Age : |
16.12.1971 |
|
Date of Appointment : |
23.10.2006 |
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PAN No.: |
AVTPP5590N |
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DIN No.: |
01618399 |
|
Name : |
Mrs. Gaurapriya Atul Pai Kane |
|
Designation : |
Director |
|
Address : |
274/A, Satyam, |
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Date of Birth/Age : |
31.10.1968 |
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Date of Appointment : |
06.03.2009 |
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PAN No.: |
AEYPK0026L |
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DIN No.: |
00453780 |
|
Name : |
Mr. Jose Jerowimo Domingos
Fernandes |
|
Designation : |
Director |
|
Address : |
H. NO.503, Ruzail Vaddo, Santa Cruz,
Ilhas-403505, Goa, India |
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Date of Birth/Age : |
29.05.1970 |
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Date of Appointment : |
15.12.2012 |
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PAN No.: |
AAJPF9391G |
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DIN No.: |
02168952 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Atul Devidas Pai Kane |
|
3875039 |
|
Mrs. Gaurapriya Atul Pai Kane |
|
1 |
|
Cream Manufacturing Solutions (India) Private Limited, India |
|
1559980 |
|
Acoustic Components Private Limited, India |
|
485206 |
|
|
|
|
|
Total |
|
5920226 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies corporate |
|
34.55 |
|
Directors
or relatives of directors |
|
65.45 |
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Total |
|
100.00 |
%20PRIVATE%20LIMITED%20%20-%20276491_MIRA%2011-Jul-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Diesel Generating Sets |
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GENERAL INFORMATION
|
No. of employees : |
Information declined
by the management. |
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Bankers : |
·
Canara
Bank, Mathias Plaza Building, Panaji - 403001, Goa, India ·
HDFC Bank Limited, HDFC Bank Housesenapati Bapat
Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India ·
The Goa Urban Cooperative Bank Limited, Panaji –
403001, Goa, India |
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Facilities : |
Note : Long-term Borrowings (A)
(Secured by hypothecation of vehicle) Non current
portion of term loan - Rs. 0.961 Millions Current portion of term loan- Rs.
2.761 Millions. (B)
(Secured by hypothecation of vehicle) Non current
portion of term loan- Rs. 1.138 Millions Current portion of term loan - Rs.
3.914 Millions Short term
Borrowings (A)
(Secured by hypothecation of fixed assets,
inventories, book debts and personal guarantee of directors)- Canara Bank
Cash Credit Account - Rs. 76.997 Millions
Canara Bank - Export Packing Credit Limit (Secured by hypothecation of
fixed assets, inventories, book debts and personal gurantee of directors) -
Rs. 59.926 Millions. (B)
(Secured by hypothecation of fixed assets,
inventories, book debts and personal guarantee of directors)- Canara Bank
Cash Credit Account. |
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Banking
Relations : |
-- |
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Financial
Institution : |
·
SREI Equipment Finance Private Limited,
'Vishwakarma', 86C, Topsia Road, Kolkata - 700046, West Bengal, India ·
Pyramid Finance Limited, Salgaocar Centre, RuaDe Ourem,
Panaji – 403001, Goa, India |
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Auditors : |
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Name : |
S P Bhandare and Associates Chartered Accountants |
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Address : |
3/UG-4, Models Residency, State Inez, Panaji - 403001, Goa, India |
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PAN No.: |
ACFPB1717N |
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Subsidiaries : |
·
Power Engineering Spares And Services Private
Limited (Formerly known as Kratos Rental Private Limited)
[U74900GA2007PTC005491] ·
Mahalasa Acoustic Private Limited
[U28939GA2008PTC005914] ·
Man Rollo Power Generation (India) Private
Limited [U51101GA2007PTC007033] ·
Power Engineering (Sales) Limited, UK |
|
|
|
|
Enterprises
which are owned, or have
significant influence of or
are partners with Key
management personnel and
their relatives : |
·
PK Composites Private Limited
[U28113GA2000PTC002827] ·
Acoustic Components Private Limited
[U74999GA2008PTC005883] ·
Mahalasa Powergen Private Limited
[U31101GA2008PTC005838] ·
Mahalasa Powergen Trade and Services Private
Limited [U74999GA2008PTC005847] ·
Creative Manufacturing Solutions (India) Private
Limited [U29248GA2009PTC006186] ·
Mahalasa Agro Products ·
Mauli Associates ·
Gopalkrishna Investment Trust ·
Pai Kane Power Private Limited
[U29253HR2009PTC039276] |
|
|
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Associate : |
·
Genset Carriers Private Limited
[U63040GA2008PTC005595] ·
Mahalasa Energy Private Limited
[U40105GA2001PTC002973] |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7717538 |
Equity Shares |
Rs.10/- each |
Rs.77.175 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5920226 |
Equity Shares |
Rs.10/- each |
Rs.59.202
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
59.202 |
59.202 |
59.202 |
|
(b) Reserves & Surplus |
172.491 |
98.949 |
233.625 |
|
(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) |
231.693 |
158.151 |
292.827 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.965 |
1.138 |
3.931 |
|
(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 |
1.678 |
1.512 |
3.819 |
|
Total
Non-current Liabilities (3) |
2.643 |
2.650 |
7.750 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
275.527 |
197.159 |
186.131 |
|
(b) Trade payables |
397.828 |
358.114 |
273.899 |
|
(c) Other current liabilities |
146.373 |
171.081 |
105.313 |
|
(d) Short-term provisions |
11.849 |
0.233 |
0.517 |
|
Total
Current Liabilities (4) |
831.577 |
726.587 |
565.860 |
|
|
|
|
|
|
TOTAL |
1,065.913 |
887.388 |
866.437 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
57.476 |
64.846 |
72.148 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.714 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
17.737 |
51.892 |
52.792 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9.919 |
12.555 |
11.683 |
|
(e) Other Non-current assets |
0.000 |
29.296 |
25.442 |
|
Total
Non-Current Assets |
85.846 |
158.589 |
162.065 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
322.487 |
441.347 |
398.208 |
|
(c) Trade receivables |
315.590 |
108.536 |
150.612 |
|
(d) Cash and cash equivalents |
67.714 |
24.226 |
22.289 |
|
(e) Short-term loans and
advances |
231.023 |
151.414 |
130.324 |
|
(f) Other current assets |
43.253 |
3.276 |
2.939 |
|
Total
Current Assets |
980.067 |
728.799 |
704.372 |
|
|
|
|
|
|
TOTAL |
1,065.913 |
887.388 |
866.437 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue from Operations |
1381.592 |
|
1007.560 |
|
|
|
Other Income |
11.561 |
18.092 |
|
|
|
|
TOTAL |
1393.153 |
1018.217 |
1007.560 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1307.346 |
1152.893 |
1133.505 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
85.807 |
(134.676) |
(125.945) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
12.264 |
0.000 |
4.572 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
73.543 |
(134.676) |
(130.517) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
945.050 |
406.265 |
291.786 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
NA |
|
449.153 |
|
|
|
Stores & Spares |
|
|
0.415 |
|
|
|
Traded Goods |
|
|
9.791 |
|
|
TOTAL IMPORTS |
NA |
NA |
459.359 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.42 |
(22.75) |
(32.06) |
|
%20PRIVATE%20LIMITED%20%20-%20276491_MIRA%2011-Jul-2014_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20%20-%20276491_MIRA%2011-Jul-2014_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20%20-%20276491_MIRA%2011-Jul-2014_files/image005.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.28
|
(13.23)
|
(12.95)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.21
|
(13.47)
|
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.19
|
(16.12)
|
(15.48) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37
|
(0.85)
|
(0.43) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.19
|
1.25
|
0.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18
|
1.00
|
1.24 |
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 |
59.202 |
59.202 |
59.202 |
|
Reserves & Surplus |
233.625 |
98.949 |
172.491 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
292.827 |
158.151 |
231.693 |
|
|
|
|
|
|
long-term borrowings |
3.931 |
1.138 |
0.965 |
|
Short term borrowings |
186.131 |
197.159 |
275.527 |
|
Total
borrowings |
190.062 |
198.297 |
276.492 |
|
Debt/Equity
ratio |
0.649 |
1.254 |
1.193 |
%20PRIVATE%20LIMITED%20%20-%20276491_MIRA%2011-Jul-2014_files/image007.gif)
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 |
1,007.560 |
1,018.217 |
1,393.153 |
|
|
|
1.058 |
36.823 |
%20PRIVATE%20LIMITED%20%20-%20276491_MIRA%2011-Jul-2014_files/image009.gif)
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 |
1,007.560 |
1,018.217 |
1,393.153 |
|
Profit After Tax |
(130.517) |
(134.676) |
73.543 |
|
|
(12.95%) |
(13.23%) |
5.28% |
%20PRIVATE%20LIMITED%20%20-%20276491_MIRA%2011-Jul-2014_files/image011.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
Current maturities of long-term debt |
2.761 |
3.914 |
3.687 |
|
|
|
|
|
|
Total |
2.761 |
3.914 |
3.687 |
|
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 |
OPERATIONS
The company’s top
line for the financial year 2012-13 registered a 41% growth over that of the
previous financial year. The major contribution to this growth is from exports,
which account for 80% as compared to 40% of the company’s turnover for the
previous financial year. The domestic turnover however registered a decline and
margins are under pressure on account of the intense competition and general
economic situation. The Directors expect that the efforts made in establishing
marketing network abroad continue to yield positive results in the coming
financial years. In view of the modest profits earned during the year, the
Board wishes to retain the same for Company’s operations and do not recommend
payment of dividend.
UNSECURED LOAN
|
Particulars |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
Short term Borrowings |
|
|
|
Loans repayable on demand from others |
138.604 |
42.452 |
|
|
|
|
|
TOTAL |
138.604 |
42.452 |
|
Note : Short term Borrowings ·
Loan from Director Mr.Atul D. Pai kane (Unsecured
repayable on demand) - Rs. 25.561 Millions - Loan from Vilman Packaging
Private Limited - Rs. 85.000 Millions (Secured by pledge of 2900911(previous
year: Nil) equity shares held in the company and personal guarantee of
Managing Director Mr. Atul D.Pai Kane) (Pledge of 1433100 (previous year:
Nil) equity shares of Creative Management Solutions (India) Private limited
held by Acoustic Components Private Limited and its Corporate Guarantee.
Suppliers Bill Discounting from Pyramid Finance Private Limited- Rs. 28.043
Millions. ·
Loan from Director Mr. Atul D.Pai kane (Unsecured
repayable on demand) - Rs. 29.321 Millions, Suppliers Bill Discounting from Pyramid
Finance Private Limited- Rs. 13.132 Millions. |
||
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
ADDRESS |
Service Request
Number (SRN) |
|
1 |
10304025 |
15/07/2011 |
999,054.00 |
SREI Equipment
Finance Private Limited |
'VISHWAKARMA',
86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B19487305 |
|
2 |
10375275 |
23/09/2010 |
32,000,000.00 |
CANARA BANK |
MATHIAS PLAZA
BUILDING, 18TH JUNE ROAD, PANAJI, G |
A99232845 |
|
3 |
10243225 |
24/08/2010 |
2,000,000.00 |
CANARA BANK |
MATHIAS PLAZA
BUILDING, 18TH JUNE ROAD, PANAJI, G |
A94958956 |
|
4 |
10228692 |
01/06/2010 |
800,000.00 |
CANARA BANK |
MATHIAS PLAZA BUILDING,
18TH JUNE ROAD, PANAJI, G |
A88977921 |
|
5 |
10226457 |
20/05/2010 |
1,250,000.00 |
CANARA BANK |
MATHIAS PLAZA
BUILDING, 18TH JUNE ROAD, PANAJI, G |
A88235338 |
|
6 |
10190136 |
12/11/2009 |
1,150,000.00 |
BANK OF INDIA |
CAMPAL, PANAJI,
GOA - 403001, INDIA |
A75120063 |
|
7 |
10169907 |
16/11/2013 * |
405,900,000.00 |
CANARA BANK |
MATHIAS PLAZA
BUILDING, 18TH JUNE ROAD, PANAJI, G |
B92047745 |
|
8 |
10237554 |
26/02/2009 |
930,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A62340799 |
|
9 |
10121984 |
25/08/2008 |
600,000.00 |
Canara Bank |
MATHIAS PLAZA,
18TH JUNE ROAD, PANAJI, GOA - 403001, INDIA |
A45416732 |
|
10 |
10087493 |
17/12/2007 |
3,500,000.00 |
CANARA BANK |
MATHIAS PLAZA
BUILDING, PANAJI, GOA - 403001, INDIA |
A31413206 |
* Date of charge modification
FIXED ASSETS:
- Land
- Plant and Machinery
- Computers
- Electrical Equipments
- Diesel Generating Set
- Furniture and Fixtures
- Vehicles
LEASE ASSETS:
- Plant and Machinery leased Assets
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.59.88 |
|
|
1 |
Rs.102.59 |
|
Euro |
1 |
Rs.81.69 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.