MIRA INFORM REPORT
|
Report Date : |
11.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
ESSEM TECNOPINZ PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A – 22, NICE, MIDC, Satpur, Nashik - 422007, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.03.2000 |
|
|
|
|
Com. Reg. No.: |
11-124957 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.59.305 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36991MH2000PTC124957 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKE00592E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE6832F |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Manufacturer of Ball Point Pen Tips and Refills. |
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|
No. of Employees
: |
Information denied by the management |
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 2738000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
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Payment Behaviour : |
Usully correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The rating reflects healthy financial risk profile marked by sound
liquidity position and fair profitability achived by the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually coorect. the company can be considerd 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.
INDIAN ECONOMIC OVERVIEW
State-run banks hired nearly 300000
personnel including more than 94000 officers in the last four years, according
to the Indian Banks Association. A study by trade lobby Assocham in September
2013 indicated that banks would need 800000 people in the next six years. It
estimated that state-run lenders alone would hire 50000 people in 2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
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 BY
|
Name : |
Mr. Shripad Kulkarni |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9373900811 |
|
Date : |
10.03.2014 |
LOCATIONS
|
Registered Office : |
A – 22, Nice, MIDC, Satpur, Nashik-422007, |
|
Tel. No.: |
91-253-2350204 / 2362168 / 6693134 |
|
Mobile No. : |
91-9373900811 (Mr. Shripad Kulkarni) |
|
Fax No.: |
91-253-2362168 / 6693140 / 2360196 |
|
E-Mail : |
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|
Website : |
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|
Area : |
4000 sq ft |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Plot No.: 26/1, MIDC, Satpur, Nashik - 422007, Maharashtra, India |
|
Location: |
Owned |
|
|
|
|
Factory 2 : |
C 10/2, MIDC, Satpur, Nashik – 422007, Maharashtra, India |
DIRECTORS
As on 09.09.2013
|
Name : |
Mr. Amitkumar Vinod Tibrewal |
|
Designation : |
Director |
|
Address : |
B-11, Priyanka Hills Apartment, Mahatma Nagar, Nasik – 422 007,
Maharashtra, India |
|
Date of Birth/Age : |
18.11.1974 |
|
Qualification : |
Finance Controller |
|
Date of Appointment : |
15.03.2000 |
|
PAN No. |
ABWPT7853R |
|
DIN No.: |
00191673 |
|
|
|
|
Name : |
Mr. Deepak Ramchand Vasandani |
|
Designation : |
Director |
|
Address : |
Smaran, 46, Palm Springs, Gangapur Road, Nashik – 422 005,
Maharashtra, India |
|
Date of Birth/Age : |
07.01.1957 |
|
Qualification : |
Enggineer |
|
Voter ID No.: |
TGY1344977 |
|
Date of Appointment : |
15.03.2000 |
|
PAN No. : |
AAIPV2955P |
|
DIN No.: |
00192961 |
|
|
|
|
Name : |
Mr. Punit Kumar Keshan Bishwanath |
|
Designation : |
Director |
|
Address : |
23-B/1, Suran Sarkar Road, PO/PS-Phool, Bagan, Kolkata – 700010, West
Bangal, India |
|
Date of Birth/Age : |
18.03.1971 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.03.2000 |
|
DIN No.: |
00200826 |
|
|
|
|
Name : |
Mr. Sandip Kumar Shyam Sundar Mahansaria |
|
Designation : |
Director |
|
Address : |
Paramount Apartment, No. 4A/B, 25, Ballygunge, Circular Road, Kolkata
– 700 019, West Bengal, India |
|
Date of Birth/Age : |
16.09.1962 |
|
Qualification : |
MBA |
|
Date of Appointment : |
15.03.2000 |
|
DIN No.: |
00206018 |
|
|
|
|
Name : |
Mrs. Vinita Sandip Mahansaria |
|
Designation : |
Director |
|
Address : |
Paramount Apartment, No. 4A/B, 25, Ballygunge, Circular Road, Kolkata
– 700 019, West Bengal, India |
|
Date of Birth/Age : |
23.08.1967 |
|
Date of Appointment : |
15.03.2000 |
|
PAN No. : |
AEJPM8541H |
|
DIN No.: |
00288783 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 09.09.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
Amit Vinod Tibrewal |
100 |
0.00 |
|
Deepak Ramchand Vasandani |
100 |
0.00 |
|
Puneet Kumar Keshan |
100 |
0.00 |
|
Vinita Sandip Mahansaria |
100 |
0.00 |
|
Shyam Sundar Mahansaria |
390000 |
6.58 |
|
Shyam Sundar Mahansaria (HUF) |
252000 |
4.25 |
|
Ramrati Devi. Mahansaria |
2034000 |
34.30 |
|
Mikron Tips Private Limited |
1660000 |
27.99 |
|
Mahansaria Shyamsunder Sandip Kumar |
262100 |
4.42 |
|
Eskayam Writing Aids Private Limited, India |
200000 |
3.37 |
|
Hi-Tech Exports Private
Limited |
1132000 |
19.09 |
|
Total |
5,930,500 |
100.00 |
As on 09.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
50.45 |
|
Directors or relatives of Directors |
49.55 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ball Point Pen Tips and Refills. |
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Products : |
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GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
Information denied by the management |
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Bankers : |
Tel. No.: 91-253-2575856 Fax. No.: 91-253-2575865 Email: tjsb.106@tjsb.co.in
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Facilities : |
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Banking Relations
: |
-- |
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Financial
Institution : |
SICOM Limited |
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Auditors : |
|
|
Name : |
Ashok S. Zawar and Company Chartered Accountants |
|
Address : |
155, Sarda Sankul, Vakilwadi, Nashik – 422 001, |
|
PAN
No. : |
AAEFA0519N |
|
|
|
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Associates : |
CIN No. :
U36941GJ1989PTC012577
CIN No. :
U36991WB1986PTC040934
CIN No. :
U25209GJ1988PTC010826
CIN No. :
U74899DL1986PTC025145
CIN No. :
U85100MH2010PTC202131 |
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|
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Subsidiaries : |
CIN No. :
U30008MH2002PTC135054
|
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5930500 |
Equity Shares |
Rs.10/- each |
Rs.59.305 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 |
59.305 |
59.305 |
59.305 |
|
(b) Reserves & Surplus |
625.376 |
609.929 |
609.411 |
|
(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) |
684.681 |
669.234 |
668.716 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
108.334 |
176.203 |
107.594 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
4.253 |
1.738 |
1.513 |
|
(d) long-term provisions |
0.332 |
0.332 |
0.332 |
|
Total Non-current
Liabilities (3) |
112.919 |
178.273 |
109.439 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
180.885 |
281.471 |
306.982 |
|
(b) Trade
payables |
72.255 |
61.606 |
87.924 |
|
(c) Other
current liabilities |
87.819 |
50.936 |
55.795 |
|
(d) Short-term
provisions |
1.547 |
1.793 |
1.835 |
|
Total Current
Liabilities (4) |
342.506 |
395.806 |
452.536 |
|
|
|
|
|
|
TOTAL |
1140.106 |
1243.313 |
1230.691 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
690.895 |
724.470 |
680.972 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
8.499 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
95.257 |
106.113 |
100.330 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.970 |
8.745 |
15.810 |
|
(e) Other
Non-current assets |
1.272 |
0.409 |
0.466 |
|
Total Non-Current
Assets |
793.394 |
839.737 |
806.077 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
120.962 |
214.880 |
235.415 |
|
(c) Trade
receivables |
171.821 |
161.446 |
171.153 |
|
(d) Cash
and cash equivalents |
31.063 |
15.658 |
15.576 |
|
(e) Short-term
loans and advances |
15.635 |
7.157 |
0.693 |
|
(f) Other
current assets |
7.231 |
4.435 |
1.777 |
|
Total
Current Assets |
346.712 |
403.576 |
424.614 |
|
|
|
|
|
|
TOTAL |
1140.106 |
1243.313 |
1230.691 |
|
|
|
|
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
742.672 |
697.756 |
665.798 |
|
|
|
Other Income |
9.408 |
5.855 |
8.923 |
|
|
|
TOTAL |
752.080 |
703.611 |
674.721 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
640.675 |
595.180 |
530.115 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
111.405 |
108.431 |
144.606 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
55.269 |
67.918 |
51.984 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
56.136 |
40.513 |
92.622 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
36.330 |
39.784 |
35.673 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
19.806 |
0.729 |
56.949 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.382 |
0.211 |
18.492 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
15.424 |
0.518 |
38.457 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
202.077 |
201.559 |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
218.217 |
202.077 |
201.559 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value |
374.768 |
NA |
NA |
|
|
TOTAL EARNINGS |
374.768 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
2.60 |
0.09 |
6.48 |
|
Expected Sales (2013-2014) : Rs.800.000 Millions
The above information has been parted by Mr. Shripad Kulkarni
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.03
|
0.07 |
5.70 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.67
|
0.10 |
8.55 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.90
|
0.06 |
5.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.00 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.42
|
0.68 |
0.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01
|
1.02 |
0.94 |
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 |
59.305 |
59.305 |
59.305 |
|
Reserves & Surplus |
609.411 |
609.929 |
625.376 |
|
Net
worth |
668.716 |
669.234 |
684.681 |
|
|
|
|
|
|
long-term borrowings |
107.594 |
176.203 |
108.334 |
|
Short term borrowings |
306.982 |
281.471 |
180.885 |
|
Total
borrowings |
414.576 |
457.674 |
289.219 |
|
Debt/Equity
ratio |
0.620 |
0.684 |
0.422 |
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) |
|
Sales |
665.798 |
697.756 |
742.672 |
|
|
|
4.800 |
6.437 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
665.798 |
697.756 |
742.672 |
|
Profit |
38.457 |
0.518 |
15.424 |
|
|
5.78% |
0.07% |
2.08% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
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 |
81.981 |
46.729 |
43.174 |
|
|
|
|
|
|
Total |
81.981 |
46.729 |
43.174 |
|
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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
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 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loan and advance from related parties |
25.231 |
37.972 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Other Loans and advance |
0.000 |
2.517 |
|
Total |
25.231 |
40.489 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10403048 |
24/01/2013 |
30,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
NASHIK BRANCH, 2, SUYOJIT SANKUL, SHARANPUR ROAD, |
B68107895 |
|
2 |
10320421 |
15/11/2011 |
43,200,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
NASHIK BRANCH, 2, SUYOJIT SANKUL, SHARANPUR ROAD, |
B26508788 |
|
3 |
10196276 |
31/12/2009 |
12,500,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
NASHIK BRANCH, SUYOJIT SANKUL, SHARANPUR ROAD, NASHIK, Maharashtra -
422002, INDIA |
A77335479 |
|
4 |
10196278 |
31/12/2009 |
2,500,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
NASHIK BRANCH, SUYOJIT SANKUL, SHARANPUR ROAD, NASHIK, Maharashtra -
422002, INDIA |
A77335867 |
|
5 |
10184410 |
30/07/2011 * |
80,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
NASHIK BRANCH, SUYOJIT SANKUL, SHARANPUR ROAD, NASHIK, Maharashtra -
422002, INDIA |
B20270104 |
|
6 |
10099222 |
24/01/2008 |
5,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
SUYOJIT SANKUL, SHARANPUR ROAD, NASHIK, Maharashtra - 422002, INDIA |
A36988475 |
|
7 |
10099024 |
22/01/2008 |
15,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
SUYOJIT SANKUL, SHARANPUR ROAD, NASHIK, Maharashtra - 422002, INDIA |
A36896140 |
|
8 |
90241657 |
21/11/2005 |
12,500,000.00 |
BHARAT OVERSEAS BANK LTD. |
NASHIK BRANCH, NASHIK, Maharashtra - 422011, INDIA |
- |
|
9 |
90152231 |
14/03/2011 * |
118,455,000.00 |
INDIAN OVERSEAS BANK |
FLORA FOUNTAIN BRANCH, 51, MULLA HOUSE, HUTATMA C |
B10339745 |
|
10 |
90225334 |
02/08/2004 * |
1,131,150.00 |
BHARAT OVERSEAS BANK LIMITED |
NASIK BRANCH, NASIK, Maharashtra, INDIA |
- |
|
11 |
90151152 |
05/01/2004 |
5,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
NASHIK BRANCH, NASHIK, Maharashtra - 422002, INDIA |
- |
|
12 |
90225275 |
01/08/2003 |
4,500,000.00 |
BHARAT OVERSEAS BANK |
NASIK BRANCH, NASIK, Maharashtra, INDIA |
- |
|
13 |
90144334 |
04/12/2003 * |
20,000,000.00 |
THE THANE JANTA SAHAKARI BANK LIMITED |
2; SUYOJIT, SHARANPUR ROAD, NASIK, Maharashtra - |
- |
|
14 |
90225190 |
05/03/2002 |
2,300,000.00 |
BHARAT OVERSEAS BANK |
NASIK BRANCH, NASIK, Maharashtra, INDIA |
- |
|
15 |
90225157 |
16/04/2004 * |
25,000,000.00 |
BHARAT OVERSEAS BANK |
NASIK BRANCH, NASIK, Maharashtra, INDIA |
- |
|
16 |
90225156 |
01/08/2003 * |
25,000,000.00 |
BHARAT OVERSEAS BANK |
NASIK BRANCH, NASIK, Maharashtra, INDIA |
- |
|
17 |
90240821 |
21/11/2005 * |
25,000,000.00 |
BHARAT OVERSEAS BANK LIMITED |
NASHIK BRANCH, NASHIK, Maharashtra - 422011, INDIA |
- |
|
18 |
90243998 |
21/11/2005 * |
25,000,000.00 |
BHARAT OVERSEAS BANK LIMITED |
NASHIK BRANCH, NASHIK, Maharashtra - 422011, INDIA |
- |
|
19 |
90152088 |
05/01/2004 * |
25,000,000.00 |
THE THANE JANTA SAHAKARI BANK LIMITED |
NASHIK BRANCH, NASHIK, Maharashtra - 422002, INDIA |
- |
|
20 |
90143515 |
08/11/2010 * |
160,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
NASHIK BRANCH, SUYOJIT SANKUL, SHARANPUR ROAD, NASHIK, Maharashtra -
422002, INDIA |
A99674087 |
|
21 |
90150916 |
31/12/2009 * |
65,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
NASHIK BRANCH, SUYOJIT SANKUL, SHARANPUR ROAD, NASHIK, Maharashtra -
422002, INDIA |
A79032355 |
|
22 |
90151995 |
20/08/1999 |
20,000,000.00 |
THE THANE JANTA SAHAKARI BANK LIMITED |
SUYOJIT SANKUL, SHARANPUR ROAD, NASHIK, Maharashtra - 422002, INDIA |
- |
|
23 |
90150492 |
29/04/1998 * |
52,500,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
IDBI TOWER, COLABA, MUMBAI, Maharashtra - 400005, INDIA |
- |
|
24 |
90224502 |
09/04/1994 |
600,000.00 |
UNION BANK OF INDIA |
NASIK BRANCH, NASIK, Maharashtra, INDIA |
- |
|
25 |
90224405 |
28/09/1989 * |
1,100,000.00 |
UNION BANK OF INDIA |
NASIK BRANCH, NASIK, Maharashtra, INDIA |
- |
* Date of charge modification
OPERATION:
The management of
the company has a very positive outlook in next three years. There is definite growth
above 10% in the industry in terms of number of tips being consumed by the
industry. As the Swiss Franc has also substantially appreciated against USD
which resulted in substantial increase in the cost of new machine and therefore
is an entry barrier for the new comer and also for major expansion by the
existing tip manufacturer worldwide. Hence, we believe that the demand supply
gap will substantially cover up in the coming years which will allow the
manufacturers to match the price with the cost escalation and thereby improve
the profit margin of the company.
FUTURE PLANS:
The company has
the policy to replace the electrical components and other machinery at
appropriate time. The company has also the policy to adopt or incorporate the
change in technology of better substitute.
FIXED ASSETS
·
Building
·
Non
·
Guest House
·
Computer
·
Electrical Installation
·
Electrical Fitting
·
Land
·
Plant and Machinery
·
Revaluation of Plant and
Machinery
·
Office Equipments
·
Vehicles
·
Furniture and Fixture
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.61.2 |
|
|
1 |
Rs.102.35 |
|
Euro |
1 |
Rs.84.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
65 |
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.