1. Summary Information
|
Country |
India |
||
|
Company Name |
RUDRALI HITECH TOOLS PRIVATE LIMITED |
Principal Name 1 |
Mr. Sanjay Shivkumar Gupta |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Alok Arvindkumar Gupta |
|
Registration # |
11-018837 |
||
|
Street Address |
E – 94, M.I.D.C., Akkalkot Road, Solapur – 413 006, Maharashtra, India
|
||
|
Established Date |
28.01.2004 |
SIC Code |
- |
|
Telephone# |
91-217-2651709 / 2652634 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-217-2652643 / 2653847 |
Business Style 2 |
- |
|
Homepage |
Product Name 1 |
High Precision Diamond |
|
|
# of employees |
Not Available |
Product Name 2 |
Carbide |
|
Paid up capital |
Rs.5,000,000/- |
Product Name 3 |
PCD and CBN |
|
Shareholders |
Directors or Relatives of Directors –100% |
Banking |
Bank of India |
|
Public Limited Corp. |
No |
Business Period |
10 Years |
|
IPO |
No |
International Ins. |
- |
|
Public Enterprise |
No |
Rating |
Ba (43) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
13,163,000 |
Current Liabilities |
3,928,000 |
|
Inventories |
15,067,000 |
Long-term Liabilities |
37,531,000 |
|
Fixed Assets |
38,336,000 |
Other Liabilities |
4,158,000 |
|
Deferred Assets |
0 |
Total Liabilities |
45,617,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
15,949,000 |
|
|
|
Net Worth |
20,949,000 |
|
Total Assets |
66,566,000 |
Total Liab. & Equity |
66,566,000 |
|
Total Assets (Previous Year) |
46,632,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
43,188,000 |
Net Profit |
3,562,000 |
|
Sales(Previous yr) |
36,888,000 |
Net Profit(Prev.yr) |
4,862,000 |
MIRA INFORM REPORT
|
Report Date : |
07.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
RUDRALI HITECH TOOLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E – 94, M.I.D.C., Akkalkot Road, Solapur – 413 006, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
28.01.2004 |
|
|
|
|
Com. Reg. No.: |
11-018837 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29224PN2004PTC018837 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of High Precision Diamond, Carbide, PCD and CBN. |
|
|
|
|
No. of Employees
: |
100 (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 90000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound.
Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered 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 – 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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief information
officers at gathering in Bangalore in April to meet Indian startups at an event
called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.
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. Ashok Kairamkondia |
|
Designation : |
Accountant |
|
Contact No.: |
91-217-2651709 |
|
Date : |
05.05.2014 |
LOCATIONS
|
Registered Office / Factory : |
E – 94, M.I.D.C., Akkalkot Road, Solapur – 413 006, Maharashtra,
India. |
|
Tel. No.: |
91-217-2651709 / 2652634 |
|
Mobile No.: |
91-98220 92660 (Mr. Sanjay Gupta) 91-88888 07061 (Mr. Alok Gupta) 91-88888 07062 (Mr. Amit Gupta) |
|
Fax No.: |
91-217-2652643 / 2653847 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Alok Arvindkumar Gupta |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
2B, Chintamani Apartmenty, Hotgi Road, Solapur – 413 003, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.02.1961 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.01.2004 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00075449 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Amit Mahesh Gupta |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
7 Suparna Apartment, Hotgi Road, Solapur – 413 003, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.03.1976 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.01.2004 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00075500 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Preeti Sanjay Gupta |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
25, Antrolikar Nagar No.3, Hotgi Road, Solapur – 413 003, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.10.1967 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.01.2004 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00075514 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Deepshikha Alok Gupta |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
2B, Chintamani Apartment, Hotgi Road, Solapur – 413 003, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.03.1966 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.02.2006 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00075584 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanjay Shivkumar Gupta |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
25, Antrolikar Nagar No.3, Hotgi Road, Solapur – 413 003, Maharashtra,
India. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.09.1965 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.01.2004 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00090787 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ashok Kairamkondia |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Shivkumar Gupta |
|
230000 |
|
Alok Arvindkumar Gupta |
|
172500 |
|
Amit Mahesh Gupta |
|
70000 |
|
Preeti Sanjay Gupta |
|
25000 |
|
Deepshikha Alok Gupta |
|
2500 |
|
|
|
|
|
Total |
|
500000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of High Precision Diamond, Carbide, PCD and CBN. |
|
|
|
|
Products : |
|
|
|
|
|
|
|
|
Exports : |
|
|
Products : |
High Precision Diamond, Carbide, PCD and CBN. |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash /Credit |
|
|
|
|
Purchasing : |
Cash /Credit |
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers Retailer and End Users
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
Cash Credit = Rs. 30.000 Millions
(From Bank of India)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dilip S. Sapatnekar and Company Chartered Accountants |
|
Address : |
Nath Pride, Civil Lines, Solapur – 413 003, Maharashtra, India |
|
PAN.: |
ADQPS7106L |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 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) Sahre Capital |
|
5.000 |
5.000 |
|
(b) Reserves & Surplus |
|
15.949 |
12.387 |
|
(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) |
|
20.949 |
17.387 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
16.771 |
6.459 |
|
(b) Deferred tax liabilities
(Net) |
|
1.205 |
0.528 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
17.976 |
6.987 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
20.760 |
15.598 |
|
(b) Trade payables |
|
3.878 |
3.046 |
|
(c) Other current liabilities |
|
0.050 |
0.000 |
|
(d) Short-term provisions |
|
2.953 |
3.614 |
|
Total
Current Liabilities (4) |
|
27.641 |
22.258 |
|
|
|
|
|
|
TOTAL |
|
66.566 |
46.632 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
38.336 |
20.657 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Trade receivables |
|
0.000 |
0.000 |
|
(e) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(f) Other Non-current assets |
|
0.917 |
0.704 |
|
Total
Non-Current Assets |
|
39.253 |
21.361 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
15.067 |
11.036 |
|
(c) Trade receivables |
|
7.685 |
6.270 |
|
(d) Cash and cash equivalents |
|
0.293 |
1.213 |
|
(e) Short-term loans and
advances |
|
1.654 |
5.975 |
|
(f) Other current assets |
|
2.614 |
0.777 |
|
Total
Current Assets |
|
27.313 |
25.271 |
|
|
|
|
|
|
TOTAL |
|
66.566 |
46.632 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
7.718 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
8.718 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
7.750 |
|
|
2] Unsecured Loans |
|
|
8.727 |
|
|
TOTAL BORROWING |
|
|
16.477 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.380 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
25.575 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
20.340 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
7.782
|
|
|
Sundry Debtors |
|
|
4.941
|
|
|
Cash & Bank Balances |
|
|
0.292
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
2.125
|
|
Total
Current Assets |
|
|
15.140
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
6.155
|
|
|
Other Current Liabilities |
|
|
1.696
|
|
|
Provisions |
|
|
2.063
|
|
Total
Current Liabilities |
|
|
9.914
|
|
|
Net Current Assets |
|
|
5.226
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.009 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
25.575 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income (Gross) |
43.188 |
36.888 |
23.094 |
|
|
|
Other Income |
NA |
NA |
2.988 |
|
|
|
TOTAL (A) |
NA |
NA |
26.082 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Manufacturing Expenses |
|
|
|
|
|
|
Administrative & Selling Expenses |
|
|
|
|
|
|
Increased / Deceased in stocks |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
20.334 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
Including
Financial Expenses |
Including
Financial Expenses |
Including
Financial Expenses |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.041 |
10.119 |
5.748 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.848 |
3.063 |
2.821 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.193 |
7.056 |
2.927 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.631 |
2.194 |
0.889 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.562 |
4.862 |
2.038 |
|
|
|
|
|
|
|
|
|
Less |
Adjustment for previous years’ figures for taxes and others |
0.000 |
0.193 |
0.052 |
|
|
|
BALANCE CARRIED
TO THE B/S |
3.562 |
4.669 |
1.986 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.12 |
9.72 |
20.38 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
50.000 |
The above information has been parted by Mr. Ashok Kairamkondia.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
7.81
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.24
|
2.60
|
12.67
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.80 |
15.13 |
8.25
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.41
|
0.34
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.79 |
1.27 |
1.89
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.98 |
1.13 |
1.53
|
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 |
|
5.000 |
5.000 |
|
Reserves & Surplus |
|
12.387 |
15.949 |
|
Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Net
worth |
|
17.387 |
20.949 |
|
|
|
|
|
|
long-term borrowings |
|
6.459 |
16.771 |
|
Short term borrowings |
|
15.598 |
20.760 |
|
Total
borrowings |
|
22.057 |
37.531 |
|
Debt/Equity
ratio |
|
1.269 |
1.792 |
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) |
|
Gross Income |
23.094 |
36.888 |
43.188 |
|
|
|
59.730 |
17.079 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Gross Income |
23.094 |
36.888 |
43.188 |
|
Profit Before Tax |
2.927 |
7.056 |
5.193 |
|
|
12.67% |
19.13% |
12.02% |
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 four 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 |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
Note:
The registered office of the company has been shifted from Plot No.203,
M.I.D.C., Akkalkot Road, Solapur – 413 006, Maharashtra, India to present
address w.e.f. 02.08.2010
UNSECURED LOAN
|
Particular |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Unsecured Loans from Directors |
|
|
|
Alok A Gupta |
0.155 |
0.049 |
|
Amit M Gupta |
0.284 |
0.752 |
|
Deepshikha M Gupta |
0.045 |
0.040 |
|
Preeti S Gupta |
1.235 |
1.115 |
|
Sanjay S Gupta |
10.150 |
6.233 |
|
Total |
11.869 |
8.189 |
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90093097 |
30/03/2012 * |
28,200,000.00 |
Bank of India |
Subhash Chowk
Branch, Subhash Chowk, Solapur, Mah |
B38777405 |
* Date of charge modification
FIXED ASSETS:
- Furniture and
Office Equipments
- Air
Conditioner
- Electrical
Fitting and Fixtures
- Motor Car
- Vehicles
- Plant and
Machinery
- Computer
- Building
- Land – Leased
- Tools and
Equipments
- Building
Construction (New)
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.60.20 |
|
UK Pound |
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
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 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--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.