1. Summary Information
|
|
|
Country |
India |
|
Company Name |
POGGEN-AMP
NAGARSHETH POWERTRONICS PRIVATE LIMITED |
Principal Name 1 |
Gauttam Nipinbhai Nagarsheth |
|
Status |
Satisfactory |
Principal Name 2 |
Gaurang Nipinbhai Nagarsheth |
|
|
|
Registration # |
04-017786 |
|
Street Address |
C-1/B 4402, Phase-IV, GIDC Estate, Vatva, Ahmedabad – 382445, Gujarat |
||
|
Established Date |
08.06.1992 |
SIC Code |
-- |
|
Telephone# |
91-79-61603908 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-79-25842808 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Motor
Laminations |
|
|
# of employees |
450 (Approximately) |
Product Name 2 |
Transformer
Laminations |
|
Paid up capital |
Rs. 30,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate 7.00%, Directors or relatives of directors 60.00%,
Others 33.00% |
Banking |
Export
Import Bank of India |
|
Public Limited Corp. |
No |
Business Period |
22 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (43) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associate Promoter And Majority Common
Director |
-- |
Poggen-Amp Nagarsheth Electricals
Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
583,277,000 |
Current Liabilities |
150,454,000 |
|
Inventories |
123,797,000 |
Long-term Liabilities |
711,245,000 |
|
Fixed Assets |
346,131,000 |
Other Liabilities |
131,891,000 |
|
Deferred Assets |
0 |
Total Liabilities |
993,590,000 |
|
Invest& other Assets |
220,268,000 |
Retained Earnings |
249,883,000 |
|
|
|
Net Worth |
279,883,000 |
|
Total Assets |
1,273,473,000 |
Total Liab. & Equity |
1,273,473,000 |
|
Total Assets (Previous Year) |
1,170,957,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
11,637,000 |
|
Sales (Previous yr) |
NA |
Net Profit
(Prev.yr) |
10,247,000 |
MIRA
INFORM REPORT
|
Report Date : |
19.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
POGGEN-AMP NAGARSHETH POWERTRONICS PRIVATE LIMITED [w.e.f.07.07.2009] |
|
|
|
|
Formerly Known
As : |
POGGEN-AMP NAGARSHETH POWERTROMICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-1/B 4402, Phase-IV, GIDC Estate, Vatva, Ahmedabad – 382445, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
08.06.1992 |
|
|
|
|
Com. Reg. No.: |
04-017786 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 30.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200GJ1992PTC017786 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP9130B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Stampings and Laminations for electrical motors,
pumps, ballast, transformers etc. |
|
|
|
|
No. of Employees
: |
450 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term Bank facilities : BBB- [Suspended] |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
March 20, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Bank facilities : A3 [Suspended] |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
March 20, 2013 |
Reasons for Suspended :
The rating have been suspended as the company
has not furnished the information required for monitoring the ratings.
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 Co-operative
Contact No. 91-79-61603908
LOCATIONS
|
Registered Office/ Factory 1 : |
C-1/B 4402,
Phase-IV, GIDC Estate, Vatva, Ahmedabad – 382445, Gujarat, India |
|
Tel. No.: |
91-79-61603908/ 25842908 / 25842909 |
|
Mobile No.: |
91-9925100511 [Mr. Parshva] |
|
Fax No.: |
91-79-25842808/ 25840445 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
207, 2nd Floor, Mauryansh Elanza, Shyamal Cross Road,
Satellite, Ahmedabad – 380015, Gujarat, India |
|
Tel. No.: |
91-79-61603908 |
|
Fax No.: |
91-79-66632808 |
|
|
|
|
Factory 2 : |
Survey No. – 121/122 Kheda-Dholka Highway, Village-Vavdi, District
– Kheda |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Gauttam Nipinbhai Nagarsheth |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
462, “Kaivaal” Satyagrah Chhavni Lane 20, Satelite Road, Ahmedabad –
380015, Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.08.1956 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
08.06.1992 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAKPN7077J |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01014853 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Gaurang Nipinbhai Nagarsheth |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
462, “Kaivaal” Satyagrah Chhavni Lane 20, Satelite Road, Ahmedabad –
380015, Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.11.1958 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
08.06.1992 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAKPN7076K |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01136324 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Parshva Nagarsheth |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
462, “Kaivaal” Satyagrah Chhavni Lane 20, Satelite Road, Ahmedabad –
380015, Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.02.1983 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.05.2004 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ACKPN3779R |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01136219 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U72200GJ1992PTC017786 |
POGGEN-AMP
NAGARSHETH POWERTRONICS PRIVATE LIMITED |
Director |
25/05/2004 |
25/05/2004 |
- |
Active |
NO |
|
2 |
U31100GJ1990PTC014601 |
POGGEN - AMP
NAGARSHETH ELECTRICALS PRIVATE LIMITED |
Director |
04/04/2007 |
04/04/2007 |
- |
Amalgamated |
NO |
|
3 |
U45201GJ2010PTC059368 |
NKP
INFRASTRUCTURE PRIVATE LIMITED |
Director |
29/01/2010 |
29/01/2010 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Nagarsheth N Gauttam |
|
586575 |
|
Nagarsheth N Gaurang |
|
774300 |
|
Nagarsheth N Parshva |
|
32500 |
|
Nagarsheth N Parav |
|
35000 |
|
Nagarsheth G Param |
|
20000 |
|
Nagarsheth N Bhanuben |
|
197500 |
|
Nagarsheth N Rachna |
|
8625 |
|
Nagarsheth G Poma |
|
10000 |
|
Nagarsheth G Gaurali |
|
50000 |
|
Nagarsheth N Parthvai |
|
15000 |
|
Gauttam Nipinbhai Nagarsheth HUF |
|
70000 |
|
Poggen AMP Nagarseth Electrical Private Limited, |
|
200000 |
|
Doshi S Dungarval |
|
169250 |
|
Doshi D Mukesh |
|
386250 |
|
Doshi D Mahendra |
|
440000 |
|
Mehta M Raichand |
|
5000 |
|
|
|
|
|
Total |
|
3000000 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
7.00 |
|
Directors
or relatives of directors |
|
60.00 |
|
Others
|
|
33.00 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Stampings and Laminations for electrical motors,
pumps, ballast, transformers etc. |
||||||||
|
|
|
||||||||
|
Products/ Services : |
|
||||||||
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
450 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
Export - Import Bank of India, Centre One Building, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai - 400005, Maharashtra, India Indusind Bank Limited, 2401 Gen Thimmayya Road, Cantonment, Pune - 411001, Maharashtra, India UCO Bank Exim Bank Axis Bank |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs. In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution : |
Tata Capital Limited,
One Forbes, Dr V B Gandhi Marg,Fort, Mumbai - 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Dhiren Shah and Company Chartered Accountants |
|
Address : |
2nd Floor, 2nd Avenue, Swastik Cross Road, Navrangpura, Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
91-79-26420854/ 26423324/ 26445013 |
|
Fax No.: |
91-79-26561431 |
|
E-Mail: |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AIOPS3733L |
|
|
|
|
Associate Promoter
And Majority Common Director / Entities where control Exists : |
Poggen-Amp Nagarsheth Electricals Private Limited Posco-Poggenamp Electrical Steel Private Limited NKP
Infrastructure Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
30.000 |
30.000 |
|
(b) Reserves & Surplus |
|
249.883 |
238.246 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
279.883 |
268.246 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
144.862 |
182.992 |
|
(b) Deferred tax liabilities
(Net) |
|
29.764 |
23.996 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
174.626 |
206.988 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
566.383 |
521.802 |
|
(b) Trade payables |
|
150.454 |
77.255 |
|
(c) Other current liabilities |
|
102.127 |
96.666 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
|
818.964 |
695.723 |
|
|
|
|
|
|
TOTAL |
|
1,273.473 |
1,170.957 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
345.754 |
281.433 |
|
(ii) Intangible Assets |
|
0.377 |
0.394 |
|
(iii) Capital work-in-progress |
|
111.219 |
127.726 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
109.049 |
85.941 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
33.386 |
16.201 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
599.785 |
511.695 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
123.797 |
161.503 |
|
(c) Trade receivables |
|
258.078 |
206.704 |
|
(d) Cash and cash equivalents |
|
42.166 |
48.477 |
|
(e) Short-term loans and
advances |
|
227.585 |
221.909 |
|
(f) Other current assets |
|
22.062 |
20.669 |
|
Total
Current Assets |
|
673.688 |
659.262 |
|
|
|
|
|
|
TOTAL |
|
1,273.473 |
1,170.957 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
30.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
227.999 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
257.999 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
760.995 |
|
|
2] Unsecured Loans |
|
|
89.829 |
|
|
TOTAL BORROWING |
|
|
850.824 |
|
|
DEFERRED TAX LIABILITIES |
|
|
22.406 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1131.229 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
220.720 |
|
|
Capital work-in-progress |
|
|
391.361 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.035 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
279.523
|
|
|
Sundry Debtors |
|
|
214.460
|
|
|
Cash & Bank Balances |
|
|
52.054
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
159.219
|
|
Total
Current Assets |
|
|
705.256
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
122.659
|
|
|
Other Current Liabilities |
|
|
37.844
|
|
|
Provisions |
|
|
25.640
|
|
Total
Current Liabilities |
|
|
186.143
|
|
|
Net Current Assets |
|
|
519.113
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1131.229 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
104.653 |
|
|
|
|
NA |
NA |
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
22.127 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
82.526 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
31.066 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
11.637 |
10.247 |
51.460 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
|
|
172.255 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
NA |
2.613 |
|
|
|
Total Dividend |
|
|
10.500 |
|
|
|
Tax on Dividend |
|
|
1.784 |
|
|
|
|
|
|
14.897 |
|
|
BALANCE CARRIED
TO THE B/S |
|
|
208.818 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods on FOB Basis |
46.636 |
32.176 |
130.903 |
|
|
|
Design and Development Charges Income |
8.885 |
5.662 |
|
|
|
TOTAL EARNINGS |
55.521 |
37.838 |
|
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
209.021 |
339.179 |
|
|
|
|
Others (Die Material) |
0.000 |
0.000 |
|
|
|
|
Components and Stores parts |
63.237 |
248.309 |
|
|
|
|
Capital Goods |
0.211 |
0.000 |
|
|
|
TOTAL IMPORTS |
272.469 |
587.488 |
NA
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.88 |
3.42 |
17.15 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
8.91
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.32
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.54
|
2.63
|
3.30
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.82
|
0.95
|
3.79
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
|
30.000 |
30.000 |
|
Reserves & Surplus |
|
238.246 |
249.883 |
|
Net
worth |
|
268.246 |
279.883 |
|
|
|
|
|
|
long-term borrowings |
|
182.992 |
144.862 |
|
Short term borrowings |
|
521.802 |
566.383 |
|
Total
borrowings |
|
704.794 |
711.245 |
|
Debt/Equity
ratio |
|
2.627 |
2.541 |
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 |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
years |
No |
|
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 |
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 |
UNSECURED LOANS
(Rs.
In Millions)
|
Particulars |
31.03.2013 |
31.03.2012 |
|
Long Term
Borrowing |
|
|
|
Deposits from directors |
71.099 |
73.930 |
|
Deferred sales tax loan |
0.000 |
2.574 |
|
Total |
71.099 |
76.504 |
CORPORATE INFORMATION :
Poggen-Amp
Nagarsheth Powertronics Private Limited is a private Limited company registered
under the Companies Act, 1956 and is engaged in the business of manufacturing of
Stampings and Laminations for electrical motors, pumps, ballast, transformers
etc. The manufacturing facilities of the company are situated at Vatva,
Ahmedabad and at Vill. Vavdi, Tal. Matar, Dist.Kheda.
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10435081 |
07/05/2013 |
33,000,000.00 |
UCO BANK |
GANDHINAGAR
BRANCH, NR.PRAGNA PETROL PUMP GH 5 CI |
B78833597 |
|
2 |
10319849 |
15/11/2011 |
50,000,000.00 |
TATA CAPITAL
LIMITED |
ONE FORBES, DR V
B GANDHI MARG,FORT, MUMBAI, Maha |
B26150235 |
|
3 |
10261098 |
03/12/2010 |
30,000,000.00 |
EXPORT-IMPORT
BANK OF INDIA |
CENTRE ONE
BUILDING, FLOOR 21,, WORLD TRADE CENTR |
B00876474 |
|
4 |
10260557 |
29/11/2010 |
321,681,000.00 |
Axis Bank
Limited |
TRISHUL 3RD FLOOR
OPP SAMARTHESHWAR TEMPLE, LAW G |
B02085439 |
|
5 |
10248768 |
02/11/2010 |
100,000,000.00 |
EXPORT - IMPORT
BANK OF INDIA |
CENTRE ONE
BUILDING, FLOOR 21,, WORLD TRADE CENTR |
A98537459 |
|
6 |
10204865 |
25/02/2011 * |
1,011,700,000.00 |
UCO Bank |
Gandhinagar
Branch, Nr. Pragna Petrol Pump, GH 5 |
B07061195 |
|
7 |
10196814 |
12/01/2010 |
38,000,000.00 |
UCO BANK |
GANDHINAGAR
BRANCH, NR.PRAGNA PETROL PUMP GH 5 CI |
A77340636 |
|
8 |
90101018 |
21/07/2004 |
28,000,000.00 |
HDFC BANK LTD. |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, MUMBAI, Mah |
- |
|
9 |
90097696 |
23/03/1993 |
17,600,000.00 |
INDUSTRIAL
DEVELOPMENT BANK OF INDIA |
IDBI TOWER,
CUFFE PARADE, BOMBAY, Maharashtra - 4 |
- |
* Date of charge modification
FIXED ASSETS:
Land
Building
Plant and machinery
Computer equipments
Office equipments
Furniture and fixtures
Vehicles
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. 60.95 |
|
|
1 |
Rs. 101.37 |
|
Euro |
1 |
Rs.84.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
43 |
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.