MIRA
INFORM REPORT
|
Report Date : |
21.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUPERTECH SERVICES PRIVATE LIMITED [w.e.f.
31.05.2011] |
|
|
|
|
Formerly Known
As : |
SUPER TECH SERVICES PRIVATE LIMITED [w.e.f.
06.12.2010] SUPER TECH SERVICES LIMITED |
|
|
|
|
Registered
Office : |
A/253, RD 30B, MIDC Wagle Industrial Estate,
Thane - 400604, |
|
|
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|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
28.09.1984 |
|
|
|
|
Com. Reg. No.: |
11-034138 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 2.490
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1984PTC034138 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES09937E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS3441C |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Welding Machines. |
|
|
|
|
No. of Employees
: |
25 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 270000 |
|
|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having moderate track record. The management has seen a drastic dip in its sales revenue as well as net
profitability during 2013. The company possesses a modest financial profile
marked by low external borrowings in the books. The ratings also take into consideration the small to mediocre scale
of operations undertaken by the management. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. The company can be considered for business dealings with some caution.
|
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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
N E W S
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.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Ms. Sakshi |
|
Designation : |
Office Executive |
|
Contact No.: |
91-22-25826190 |
|
Date : |
14.07.2014 |
LOCATIONS
|
Registered/ Head Office : |
A/253, RD 30B, MIDC Wagle Industrial Estate,
Thane-400604, Maharashtra, India |
|
Tel. No.: |
91-22-25826190/ 91/ 65771386 |
|
Fax No.: |
91-22-25826189 |
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E-Mail : |
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|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office 1
: |
3/1, Lalbagh Road, Near Subbaiah
Circle, Bangalore - 560027, Karnataka, India |
|
Tel No.: |
91-80-22235408/ 22233292 |
|
Fax No.: |
91-80-22233292 |
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E-Mail : |
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|
|
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Branch Office 2
: |
Satyam Apartment, Ground Floor, 19, Vrajwadi Society, Jetalpur
Road, Vadodara - 390007, Gujarat, India |
|
Tel No.: |
91-265-2356764/ 3253356 |
|
Fax No.: |
91-265-2356764 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Kaushik Balwantrai
Mehta |
|
Designation : |
Director |
|
Address : |
210, OHM Jayalaxmi Co-operative Housing
Society, Opposite Sion Hospital, Sion, Mumbai - 400022, Maharashtra,
India |
|
Date of Birth/Age : |
12.03.1954 |
|
Date of Appointment : |
05.10.1984 |
|
DIN No.: |
00361522 |
|
|
|
|
Name : |
Mr. Dhirendra Balwantrai
Mehta |
|
Designation : |
Director |
|
Address : |
203, Ramdarshan, Ram Raghukul
Society, Sion (East), Mumbai - 400022, Maharashtra, India |
|
Date of Birth/Age : |
29.08.1955 |
|
Date of Appointment : |
15.06.1997 |
|
DIN No.: |
00361620 |
|
|
|
|
Name : |
Mr. Balwantrai Damodardas
Mehta |
|
Designation : |
Director |
|
Address : |
210, OHM Jayalaxmi Co-operative Housing
Society, Opposite Sion Hospital, Sion, Mumbai - 400022, Maharashtra,
India |
|
Date of Birth/Age : |
15.12.1928 |
|
Date of Appointment : |
05.10.1984 |
|
DIN No.: |
00361670 |
|
|
|
|
Name : |
Mr. Vishal Dhirendra
Mehta |
|
Designation : |
Director |
|
Address : |
203, Ramdarshan, Ram Raghukul
Society, Sion (East), Mumbai - 400022, Maharashtra, India |
|
Date of Birth/Age : |
01.12.1982 |
|
Date of Appointment : |
16.05.2007 |
|
PAN No.: |
AFWPM0381B |
|
DIN No.: |
01399562 |
KEY EXECUTIVES
|
Name : |
Ms. Sakshi |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Dhiren Balwantrai
Mehta |
|
49825 |
|
Alka Kaushik Mehta |
|
39550 |
|
Kaushik Balwantrai
Mehta |
|
55150 |
|
Manjari D. Mehta |
|
26700 |
|
Balwantrai Damodardas
Mehta |
|
50 |
|
Dhiren Balwantrai
Mehta [HUF] |
|
18500 |
|
Kaushik Balwantrai
Mehta [HUF] |
|
9500 |
|
Ashish Bedekar |
|
500 |
|
Chandrashekhar Gokhale |
|
50 |
|
Dattatraya Krishna Hegde |
|
50 |
|
Jitendra P Chhadva |
|
500 |
|
Kumar V. Gokhale |
|
50 |
|
Mahadevi S. Hegde |
|
50 |
|
Narendra M. Shah |
|
100 |
|
Pratibha V. Godbple |
|
50 |
|
Padma V. Apte |
|
100 |
|
J. Ravi Shankar |
|
100 |
|
Rohit Mehta |
|
500 |
|
Shamla Ambedkar |
|
100 |
|
Sweta C. Gokhale |
|
50 |
|
Shridhar K. Hegde |
|
100 |
|
Vishal D. Mehta |
|
11850 |
|
Kushal D. Mehta |
|
10125 |
|
Bhupen M. Gandhi |
|
2750 |
|
Jayashree B. Gandhi |
|
2250 |
|
Dhruvi K. Mehta |
|
16750 |
|
Pooja Vishal Mehta |
|
3700 |
|
|
|
|
|
Total |
|
249000 |
AS ON 30.09.2013
|
Equity Share Breakup [Category] |
Percentage of Holding |
|
Directors
or relatives of directors |
97.00 |
|
Other
top fifty shareholders |
3.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Welding Machines. |
|
|
|
|
Imports : |
|
|
Products : |
Welding Machine |
|
Countries : |
USA |
|
|
|
|
Terms : |
|
|
Selling : |
L/C / Cash and Credit [30 and 60 Days] |
|
|
|
|
Purchasing : |
L/C / Cash and Credit [30 and 60 Days] |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailer, OEM’s
and End Users |
|
|
|
|
No. of Employees : |
25 [Approximately] |
|
|
|
|
Bankers : |
· The Thane Janata Sahakari Bank Limited Panchpakhadi Branch, Panchpakhadi, Thane - 400601, Maharashtra,
India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shravan Gandhi and Associates Chartered Accountants |
|
Address : |
701, Emerald Park, Veera Desai Road, Andheri (West), Mumbai – 400058, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFPG9522Q |
|
|
|
|
Group Companies
: |
· Supreme Agencies Super Alloys and Metals Private Limited Super industrial Gases |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
249,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.490
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 |
2.490 |
2.490 |
2.490 |
|
(b) Reserves & Surplus |
65.113 |
61.128 |
47.300 |
|
(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) |
67.603 |
63.618 |
49.790 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.156 |
|
(b) Deferred tax liabilities (Net) |
1.151 |
1.463 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1.151 |
1.463 |
0.156 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.388 |
0.559 |
3.210 |
|
(b)
Trade payables |
8.948 |
5.451 |
8.310 |
|
(c)
Other current liabilities |
5.321 |
5.760 |
4.410 |
|
(d) Short-term
provisions |
0.027 |
1.074 |
2.467 |
|
Total Current
Liabilities (4) |
14.684 |
12.844 |
18.397 |
|
|
|
|
|
|
TOTAL |
83.438 |
77.925 |
68.343 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
12.611 |
14.445 |
13.429 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.500 |
0.500 |
0.500 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.775 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
17.886 |
14.945 |
13.929 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
36.012 |
34.505 |
23.383 |
|
(c)
Trade receivables |
8.853 |
13.128 |
12.305 |
|
(d) Cash
and cash equivalents |
16.573 |
11.379 |
13.595 |
|
(e)
Short-term loans and advances |
3.790 |
3.485 |
4.773 |
|
(f)
Other current assets |
0.324 |
0.483 |
0.358 |
|
Total
Current Assets |
65.552 |
62.980 |
54.414 |
|
|
|
|
|
|
TOTAL |
83.438 |
77.925 |
68.343 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
100.245 |
141.369 |
132.490 |
|
|
|
Other Income |
7.619 |
12.210 |
10.191 |
|
|
|
TOTAL (A) |
107.864 |
153.579 |
142.681 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost Of Goods Sold |
72.503 |
102.132 |
94.513 |
|
|
|
Direct Operating Expenses |
1.570 |
1.740 |
1.449 |
|
|
|
Employee Benefit Expenses |
16.281 |
14.961 |
12.250 |
|
|
|
Other Expenses |
10.575 |
10.368 |
11.951 |
|
|
|
TOTAL (B) |
100.929 |
129.201 |
120.163 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6.935 |
24.378 |
22.518 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.266 |
0.578 |
0.938 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.669 |
23.800 |
21.580 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.962 |
1.053 |
0.965 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.707 |
22.747 |
20.615 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.722 |
8.919 |
7.475 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.985 |
13.828 |
13.140 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
52.006 |
38.178 |
26.828 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
1.500 |
|
|
|
Proposed Dividend |
0.000 |
0.000 |
0.249 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
0.041 |
|
|
BALANCE CARRIED
TO THE B/S |
55.991 |
52.006 |
38.178 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Value of Export on FOB Basis |
6.664 |
14.079 |
2.205 |
|
|
|
Transport Charges Recovered |
0.259 |
0.463 |
0.154 |
|
|
|
Commissions earned |
3.559 |
10.642 |
9.237 |
|
|
|
Warranty Repair Charges earned |
0.257 |
0.340 |
0.353 |
|
|
TOTAL EARNINGS |
10.739 |
25.524 |
11.949 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.00 |
55.53 |
52.77 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.69
|
9.00 |
9.21 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.69
|
16.09 |
15.56 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.88
|
29.38 |
30.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.36 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.01
|
0.01 |
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.46
|
4.90 |
2.96 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs. In
Millions |
Rs. In
Millions |
Rs. In
Millions |
|
Share Capital |
2.490 |
2.490 |
2.490 |
|
Reserves & Surplus |
47.300 |
61.128 |
65.113 |
|
Net
worth |
49.790 |
63.618 |
67.603 |
|
|
|
|
|
|
long-term borrowings |
0.156 |
0.000 |
0.000 |
|
Short term borrowings |
3.210 |
0.559 |
0.388 |
|
Total
borrowings |
3.366 |
0.559 |
0.388 |
|
Debt/Equity
ratio |
0.068 |
0.009 |
0.006 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs. In
Millions |
Rs. In
Millions |
Rs. In
Millions |
|
Sales |
132.490 |
141.369 |
100.245 |
|
|
|
6.702 |
(29.090) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs. In
Millions |
Rs. In
Millions |
Rs. In
Millions |
|
Sales
|
132.490 |
141.369 |
100.245 |
|
Profit |
13.140 |
13.828 |
3.985 |
|
|
9.92% |
9.78% |
3.98% |
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 |
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 |
No |
|
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 |
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 |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10265260 |
20/12/2010 |
2,000,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
PANCHPAKHADI
BRANCH, PANCHPAKHADI, THANE - 400601, |
B04610168 |
|
2 |
10293198 |
31/12/2009 |
2,000,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
PANCHPAKHADI
BRANCH, PANCHPAKHADI, THANE - 400601, |
B04609558 |
|
3 |
10164372 |
20/12/2010 * |
2,000,000.00 |
THE THANE JANATA
SAHKARI BANK LIMITED |
PANCHPAKHADI
BRANCH, PANCHPAKHADI, THANE - 400601, |
B04610713 |
|
4 |
10070082 |
18/11/2006 |
75,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
PANCHPAKHADI
BRANCH, PANCHPAKHADI, THANE - 400601, |
A07412570 |
|
5 |
90149075 |
15/03/2005 |
2,100,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
NAUPADA BRANCH,
NAUPADA, THANE - 400602, MAHARASHTRA, INDIA |
- |
|
6 |
90148470 |
20/12/2010 * |
10,000,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
PANCHPAKHADI
BRANCH, PANCHPAKHADI, THANE - 400601, |
B04608931 |
|
7 |
90148233 |
28/03/2003 |
1,000,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
PANCHPAKHADI
BRANCH, PANCHPAKHADI, THANE - 400601, |
- |
|
8 |
90148225 |
25/03/2003 |
15,234.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
PANCHPAKHADI
BRANCH, PANCHPAKHADI, THANE - 400601, |
- |
|
9 |
90147725 |
12/07/2001 |
580,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
PANCHPAKHADI
BRANCH, PANCHPAKHADI, THANE - 400601, |
- |
|
10 |
90147551 |
25/10/2000 |
60,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
PANCHPAKHADI
BRANCH, PANCHPAKHADI, THANE - 400601, |
- |
|
11 |
90147482 |
11/07/2000 |
2,575,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
PANCHPAKAHADI
BRANCH, VIRUL; NEAR THANE MUNICIPAL |
- |
|
12 |
90147273 |
28/03/2003 * |
9,750,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
PANCHPAKHADI
BRANCH, PANCHPAKHADI, THANE - 400601, |
- |
|
13 |
90147230 |
10/12/1998 |
1,018,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
PANCHPAKHADI
BRANCH, PANCHPAKHADI, THANE - 400601, |
- |
|
14 |
90147173 |
23/06/2009 * |
10,000,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
PANCHPAKHADI
BRANCH, PANCHPAKHADI, THANE - 400601, |
A67405092 |
|
15 |
90149160 |
08/09/1997 |
1,840,400.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
NO - 21;
PATULLOS ROAD, CHENNAI - 600002, TAMILNADU, INDIA |
- |
|
16 |
90147113 |
17/05/1997 |
1,500,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
PANCHPAKHADI
BRANCH, PANCHPAKHADI, THANE - 400601, |
- |
|
17 |
90146960 |
15/03/1989 |
500,000.00 |
BANK OF BARODA |
GOKHLE ROAD,
NAUPADA, THANE, MAHARASHTRA, INDIA |
- |
|
18 |
90141621 |
06/05/1987 |
1,100,000.00 |
BANK OF BARODA |
GOKHLE ROAD,
NAUPADA, THANE, MAHARASHTRA, INDIA |
- |
|
19 |
90146947 |
24/03/1987 |
680,000.00 |
BANK OF BARODA |
SEKHALE ROAD,
NAUPADA, THANE, MAHARASHTRA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs. In Millions) |
31.03.2012 (Rs. In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances
from related parties |
|
|
|
Kaushik B. Mehta |
0.187 |
0.426 |
|
Dhirendra B. Mehta |
0.041 |
0.043 |
|
Vishal D. Mehta |
0.160 |
0.090 |
|
|
|
|
|
Total |
0.388 |
0.559 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2013 (Rs. In Millions) |
31.03.2012 (Rs. In Millions) |
|
Counter Guarantee given against |
|
|
|
Bank guarantee issued |
1.447 |
1.617 |
FIXED ASSETS:
· Land
Godown
Factory
Building
Plant
& Machinery
Air
Conditioners
Office
Equipments
Photocopy
Machine
Computers
Vehicles
Furniture
& Fixture
Electrical
Fittings
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. 60.33 |
|
|
1 |
Rs. 103.18 |
|
Euro |
1 |
Rs. 81.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
32 |
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.