MIRA INFORM REPORT
|
Report Date : |
24.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ANAND TEKNOW AIDS ENGINEERING INDIA LIMITED |
|
|
|
|
Registered
Office : |
Kunal Puram, Commercial Complex, 2nd Floor, Opposite Atlas Copco,
Mumbai, Pune Road, Dapodi – 411012, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
25.07.2007 |
|
|
|
|
Com. Reg. No.: |
25-130488 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 170.049
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299PN2007PLC130488 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA09784F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA4592G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Trader of high-quality Ball Valves and Engineering Components. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1290000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. As per ROC, the date of balance sheet (i.e. financial filed) is shown
as 31.03.2013 but the documents related to the financial for the year 2013
are not available from any sources. As per the available financial of 2012, reserves of the company seems
low. However, trade relations are reported to be fair. Business is active.
Payment terms are reported to be 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.
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long-term Bank facilities : BBB- |
|
Rating Explanation |
Moderate degree of safety it carry moderate
credit risk. |
|
Date |
November 21, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short-term Bank facilities : A3 |
|
Rating Explanation |
Moderate degree of safety it carry higher
credit risk. |
|
Date |
November 21, 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. Vishwanath Jambulkar |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-20-27145710 |
|
Date : |
20.06.2014 |
|
Name : |
Ms. Aparna Dhuman |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-20-27145710 |
|
Date : |
20.06.2014 |
LOCATIONS
|
Registered/ Corporate Office : |
Kunal Puram, Commercial Complex, 2nd Floor, Opposite Atlas Copco,
Mumbai, Pune Road, Dapodi – 411012, Maharashtra, India |
|
Tel. No.: |
91-20-27145710/ 65103994 |
|
Fax No.: |
91-20-27145592 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Plot No. A - 18, 5 star
MIDC, Indapur, Loni - Devkar, Taluka Indapur, District Pune, |
|
|
|
|
Factory 2 : |
Plot No. 28/8, D-II Block, M.I.D.C, Chinchwad, Pune – 411019, Maharashtra, India |
|
|
|
|
Warehouse : |
Gat No 213, 214/1, Markal Udyog Nagar, Plot No. C and D, Post
Markal, Taluka Khed, District Pune - 412105, Maharashtra, India |
|
|
|
|
Sharjha Office : |
Executive Suit Q1-1-002, P. O. Box No. 121122, Sharjah, UAE |
DIRECTORS
AS ON 10.09.2013
|
Name : |
Mr. Rakesh Niranjan Ranjan |
|
Designation : |
Managing director |
|
Address : |
Row House 21, Kunal Icon, Pimple Saudagar, Pune - 411027, Maharashtra,
India |
|
Date of Birth/Age : |
08.11.1968 |
|
Qualification : |
I.CW.A. |
|
Date of Appointment : |
26.09.2009 |
|
PAN No.: |
ACVPR4045B |
|
DIN No. : |
01656465 |
|
|
|
|
Name : |
Mrs. Ragini Rakesh Ranjan |
|
Designation : |
Director |
|
Address : |
Row House 21, Kunal Icon, Pimple Saudagar, Pune - 411027, Maharashtra,
India |
|
Date of Birth/Age : |
25.10.1973 |
|
Qualification : |
M. Com |
|
Date of Appointment : |
25.07.2007 |
|
PAN No.: |
AACCG5316J |
|
DIN No. : |
01434411 |
|
|
|
|
Name : |
Mr. Niranjanprasad Nagendraprasad Sinha |
|
Designation : |
Director |
|
Address : |
C/0, Rakesh Ranjan, Row House 21, Kunal Icon, Pimple Saudagar, Pune - 411027,
Maharashtra, India |
|
Date of Birth/Age : |
30.07.1942 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
25.07.2007 |
|
DIN No. : |
01641227 |
|
|
|
|
Name : |
Mr. Dattatray Narayan Ghandge |
|
Designation : |
Additional director |
|
Address : |
FT 5/B, Ujwal Apartment, Hingane KH. Vitthalwadi, Pune – 411030,
Maharashtra, India |
|
Date of Birth/Age : |
10.08.1953 |
|
Date of Appointment : |
01.01.2010 |
|
DIN No. : |
02921499 |
|
|
|
|
Name : |
Ujiyare Lal Dohare |
|
Designation : |
Director |
|
Address : |
R. No. 5, Narmada Guest House, Gujarat Refinery, Vadodara, Gujarat,
India |
|
Date of Appointment : |
01.07.2012 |
|
DIN No. : |
06373415 |
KEY EXECUTIVES
|
Name : |
Mr. Vishwanath Jambulkar |
|
Designation : |
Accounts Manager |
|
|
|
|
Name : |
Ms. Aparna Dhuman |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 10.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Rakesh Niranjan Ranjan |
9752453 |
57.35 |
|
Ragini Rakesh Ranjan |
7127207 |
41.91 |
|
Niranjanprasad Nagendraprasad Sinha |
25049 |
0.15 |
|
Sharda Niranjan Sinha |
25049 |
0.15 |
|
Chandrashekar Narayan Menon |
25049 |
0.15 |
|
Jetendra Pandharinath Kulkarni |
25049 |
0.15 |
|
Nilesh Gulabrao Salunkhe |
25049 |
0.15 |
|
|
|
|
|
Total |
17004905 |
100.00 |
AS ON 10.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of high-quality Ball Valves and Engineering Components. |
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Products/Services : |
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Exports : |
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||||
|
Products : |
Finished Goods |
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|
Countries : |
· Dubai |
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Terms : |
|
||||
|
Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Indiana Gratings Private Limited |
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|
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|
No. of Employees : |
150 (Approximately) |
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|
Bankers : |
· State Bank of India Industrial Finance Branch, Tara Chembers, Mumbai-Pune Road, Wakadewadi, Pune - 411003, Maharashtra, India · Canara Bank Prime Corporate Branch, 11 M.G. Road, Camp, Pune - 411001, Maharashtra, India · Vijaya Bank Corporate Banking Branch Vinayak Niwas, 1206 A-32 Sirole Road, Opposite Shambaji Parktion, Louiswadi, Pune, Maharashtra - 411004, India |
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Facilities : |
Cash Credit = Rs. 150.000 Millions [From State Bank of India]
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· S. E. Investments Limited S-547, 2nd Floor, Main Road, Shakar Pur, New Delhi -
110092, Delhi, India |
|
|
|
|
Auditors : |
|
|
Name : |
Kshirsagar Abhay Prabhakar Chartered Accountants |
|
Address : |
10, Phulwari Appartments, Shahu College Road, Opposite
State Bank, Colony No.2, Sahakarnagar, Pune, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACDPK4614K |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Greatweld Engineering Private Limited [U27109PN2006PTC021883] ·
Balaji Technical Services |
CAPITAL STRUCTURE
AFTER 10.09.2013
Authorised Capital : Rs. 180.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 178.049
Millions
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 180.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17,004,905 |
Equity Shares |
Rs. 10/- each |
Rs. 170.049
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
170.049 |
25.049 |
|
(b) Reserves & Surplus |
|
73.536 |
43.192 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
80.000 |
145.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
323.585 |
213.241 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
156.203 |
196.735 |
|
(b) Deferred tax liabilities (Net) |
|
6.331 |
6.476 |
|
(c)
Other long term liabilities |
|
0.723 |
0.649 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
163.257 |
203.860 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
382.298 |
241.271 |
|
(b)
Trade payables |
|
207.189 |
127.481 |
|
(c)
Other current liabilities |
|
56.411 |
55.839 |
|
(d)
Short-term provisions |
|
22.479 |
13.869 |
|
Total
Current Liabilities (4) |
|
668.377 |
438.460 |
|
|
|
|
|
|
TOTAL |
|
1155.219 |
855.561 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
229.672 |
246.743 |
|
(ii)
Intangible Assets |
|
5.028 |
5.028 |
|
(iii)
Capital work-in-progress |
|
34.911 |
14.254 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.383 |
0.296 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
0.120 |
0.120 |
|
(e)
Other Non-current assets |
|
5.157 |
4.635 |
|
Total
Non-Current Assets |
|
275.271 |
271.076 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
243.316 |
180.203 |
|
(c)
Trade receivables |
|
544.042 |
267.331 |
|
(d)
Cash and cash equivalents |
|
54.446 |
72.637 |
|
(e)
Short-term loans and advances |
|
34.730 |
53.162 |
|
(f)
Other current assets |
|
3.414 |
11.152 |
|
Total
Current Assets |
|
879.948 |
584.485 |
|
|
|
|
|
|
TOTAL |
|
1155.219 |
855.561 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
25.049 |
|
|
2] Share Application Money |
|
|
85.000 |
|
|
3] Reserves & Surplus |
|
|
28.147 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
138.196 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
131.886 |
|
|
2] Unsecured Loans |
|
|
68.414 |
|
|
TOTAL BORROWING |
|
|
200.300 |
|
|
DEFERRED TAX LIABILITIES |
|
|
6.650 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
345.146 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
249.023 |
|
|
Capital work-in-progress |
|
|
6.131 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.174 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
104.964
|
|
|
Sundry Debtors |
|
|
116.519
|
|
|
Cash & Bank Balances |
|
|
55.769
|
|
|
Other Current Assets |
|
|
18.421
|
|
|
Loans & Advances |
|
|
4.406
|
|
Total
Current Assets |
|
|
300.079
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
54.731
|
|
|
Other Current Liabilities |
|
|
149.090
|
|
|
Provisions |
|
|
7.092
|
|
Total
Current Liabilities |
|
|
210.913
|
|
|
Net Current Assets |
|
|
89.166
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.652 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
345.146 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1450.137 |
942.375 |
603.277 |
|
|
|
Other Income |
39.295 |
53.888 |
6.587 |
|
|
|
TOTAL (A) |
1489.432 |
996.263 |
609.864 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1265.305 |
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(63.113) |
(75.239) |
|
|
|
|
Employees benefits expense |
31.359 |
28.375 |
|
|
|
|
Other expenses |
68.963 |
69.585 |
|
|
|
|
TOTAL (B) |
1302.514 |
873.613 |
537.371 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
186.918 |
122.650 |
72.493 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
113.422 |
70.636 |
32.447 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
73.496 |
52.014 |
40.046 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
27.728 |
29.337 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
45.768 |
22.677 |
40.046 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
15.424 |
7.632 |
3.167 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
30.344 |
15.045 |
36.879 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.03 |
6.00 |
-- |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
1500.000 |
|
|
|
|
|
The above information has been parted by Mr. Vishwanath Jambulkar
(Accounts Manager) and Ms. Aparna Dhuman (Accounts Executive)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.04
|
1.51 |
6.05 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.16
|
2.41 |
6.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.09
|
2.70 |
7.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.11 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.66
|
2.05 |
1.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32
|
1.33 |
1.42 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
25.049 |
170.049 |
|
Reserves & Surplus |
43.192 |
73.536 |
|
Share Application money pending allotment |
145.000 |
80.000 |
|
Net
worth |
213.241 |
323.585 |
|
|
|
|
|
long-term borrowings |
196.735 |
156.203 |
|
Short term borrowings |
241.271 |
382.298 |
|
Total
borrowings |
438.006 |
538.501 |
|
Debt/Equity ratio |
2.054 |
1.664 |
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 |
603.277 |
942.375 |
1450.137 |
|
|
|
56.209 |
53.881 |
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 |
603.277 |
942.375 |
1450.137 |
|
Profit |
36.879 |
15.045 |
30.344 |
|
|
6.11% |
1.60% |
2.09% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
31.03.2010 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
0.000 |
0.000 |
NA |
|
|
|
|
|
|
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10500779 |
28/03/2014 |
100,000,000.00 |
STATE BANK OF
INDIA INDUSTRIAL FIANCE BRANCH |
2ND FLOOR, 'TARA
CHAMBERS' OLD PUNE MUMBAI HIGHWAY, NEAR MARIAAI POLICE CHOWKY, WAKDEWADI,
PUNE, MAHARASHTRA - 411003, INDIA |
C05471875 |
|
2 |
10453356 |
19/08/2013 |
200,000,000.00 |
VIJAYA BANK
CORPORATE BANKING BRANCH |
VINAYAK
NIWAS,1206A-32 SIROLE ROAD,, OPP.SHAMBAJI |
B86794807 |
|
3 |
10386956 |
23/10/2012 |
30,000,000.00 |
CANARA BANK |
PRIME CORPORATE
BRANCH, 11 M.G. ROAD, CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
B62204219 |
|
4 |
10377802 |
02/08/2012 |
20,000,000.00 |
CANARA BANK |
PRIME CORPORATE
BRANCH, 11 M.G. ROAD, CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
B58560525 |
|
5 |
10339827 |
19/11/2013 * |
1,120,000,000.00 |
STATE BANK OF
INDIA LEAD BANK |
TARA CHAMBERS,
NEAR MARRIAAI POLICE CHOWKY, OLD PUNE MUMBAI HIGHWAY, WAKDEWADI, PUNE,
MAHARASHTRA - 411030, INDIA |
B90808536 |
|
6 |
10309825 |
12/09/2011 |
14,000,000.00 |
S. E.
INVESTMENTS LIMITED |
S-547 IIND FLOOR
MAIN ROAD, SHAKAR PUR, NEW DELHI, DELHI - 110092, INDIA |
B22396600 |
|
7 |
10075516 |
30/06/2011 * |
740,000,000.00 |
STATE BANK OF
INDIA INDUSTRIAL FINANCE BRANCH |
2ND FLOOR, TARA
CHAMBERS, NEAR MAIRAAI POLICE CHOWKY, MUMBAI PUNE HIGHWAY, WAKDEWADI, PUNE,
MAHARASHTRA - 411038, INDIA |
B15694235 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
111.819 |
107.089 |
|
|
|
|
|
Total |
111.819 |
107.089 |
REVIEW OF THE
OPERATIONS AND FUTURE PROSPECTS
During the year the Company has received sales and other income of
Rs.1489.432 Millions and The Company has earned Net Profit of Rs. 30.344
Millions is at the end of the financial year. The Directors are continuously
looking for avenues for future growth of the Company. In the next financial
year the Company is expected to achieve better turnover with higher percentage
of profit.
MANAGEMENT
DISCISSIONS AND ANALYSIS
The Company is carrying on mainly two business activities viz. trading
and manufacturing. The trading segment is mainly identified for the
distributors of Lamina Technologies SA, Grindwell Norton Limited and Siemens
Limited for engineering products and manufacturing segment comprises of
manufacturing of MS Flats from the MS Ingots and secondly galvanizing of the
steel gratings or the steel products by coating Zinc thereon. This business
segmentation forms the basis for review of operational performance. The
information about business segments on primary reporting format is provided by
the Auditors of the Company.
FIXED ASSETS:
· Land
· Buildings
· Other building
· Plant and Equipment
· Other pollution reduction equipment
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
·
Goodwill
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. 60.19 |
|
|
1 |
Rs. 102.56 |
|
Euro |
1 |
Rs. 81.91 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.