1. Summary Information
|
|
|
Country |
India |
|
Company Name |
DOSHION VEOLIA WATER SOLUTIONS PRIVATE LIMITED |
Principal Name 1 |
Mr. Ashit Dhirajlal Doshi |
|
Status |
Moderate |
Principal Name 2 |
Mr. Dhirajlal Shivlal Doshi |
|
|
|
Registration # |
11-173486 |
|
Street Address |
347, Warehousing
Complex, ACME Compound Road, Wadala (East), Mumbai – 400037, Maharashtra |
||
|
Established Date |
27.08.2007 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Engineering, Procurement and Construction
(EPC) |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
|
Product Name 1 |
Water Treatment Business |
|
# of employees |
Not Divulged |
Product Name 2 |
-- |
|
Paid up capital |
Rs.144,880,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings – 30.00% Bodies corporate – 70.00% |
Banking |
Union Bank Of
India |
|
Public Limited Corp. |
No |
Business Period |
7 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ca
(16) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
|
Doshion Private Limited |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3495,934,000 |
Current Liabilities |
1848,520,000 |
|
Inventories |
528,913,000 |
Long-term Liabilities |
1542,470,000 |
|
Fixed Assets |
315,154,000 |
Other Liabilities |
53,804,000 |
|
Deferred Assets |
00 |
Total Liabilities |
3,444,794,000 |
|
Invest& other Assets |
655,910,000 |
Retained Earnings |
1406,237,000 |
|
|
|
Net Worth |
1551,117,000 |
|
Total Assets |
4,995,911,000 |
Total Liab. & Equity |
4,995,911,000 |
|
Total Assets (Previous Year) |
4674,973,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Total Revenue |
3247,569,000 |
Net Profit |
(113,550,000) |
|
Total Revenue (Previous yr) |
3465,168,000 |
Net Profit(Prev.yr) |
154,766,000 |
MIRA INFORM REPORT
|
Report Date : |
10.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
DOSHION VEOLIA WATER SOLUTIONS PRIVATE LIMITED (w.e.f. 15.05.2008) |
|
|
|
|
Formerly Known
As : |
DOSHION WATER SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
347, Warehousing Complex, ACME Compound Road, Wadala (East), Mumbai – 400037,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
27.08.2007 |
|
|
|
|
Com. Reg. No.: |
11-173486 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.144.880 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U41000MH2007PTC173486 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD16188E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD8958M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of the
Engineering, Procurement and Construction (EPC) segment of the Total Water
Treatment Business. |
|
|
|
|
No. of Employees
: |
Information declined by the manahement. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (16) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating take into consideration the pressure on the Doshion Group’s
liquidity, because of its weak operating cash flows and highly
working-capital-intensive operation, which impede its debt – servicing
capability. The Doshion Group’s seems to have weak financial profile, constrained working
capital position and exposure to intense competition and cyclicality in the
water management business. However, business is active. Payment are reported to be slow. The company can be considered for business dealing on a safe and
secured 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
C (Long Term Rating) |
|
Rating Explanation |
Very high risk of default. |
|
Date |
August 14, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A4 (Short Term Rating) |
|
Rating Explanation |
Minimal degree of safety. It carry very high credit risk. |
|
Date |
August 14, 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 DENIED BY
|
Name : |
Mr. Ganesh |
|
Contact No.: |
91-22-24043189 |
|
Date : |
02.05.2014 |
LOCATIONS
|
Registered Office : |
347, Warehousing Complex, ACME Compound Road, Wadala (East), Mumbai – 400037,
Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Office No 3, 2nd Floor, A Wing, Goodrej Colliseum, Behind Everard
Nagar, Eastern Express Highway, Sion (East), Mumbai - 400022, Maharashtra, India |
|
|
91-22-24043189 |
|
|
|
|
Factory : |
Plot No. 24, Phase II, GIDC, Vatva, Ahmedabad - 382 445, Gujarat India |
|
Tel. No.: |
91-79-61600600 |
|
Fax No.: |
91-79-61600602 |
|
E-Mail : |
DIRECTORS
As on: 28.09.2013
|
Name : |
Mr. Ashit Dhirajlal Doshi |
|
Designation : |
Managing Director |
|
Address : |
A-103, 10th Floor, Tirthbhoomi Apartment, Behind Law College,
Ahmedabad-380006, Gujarat, India |
|
Date of Birth/Age : |
18.08.1965 |
|
Qualification : |
B.Sc. |
|
Experience: |
26 Years |
|
Date of Appointment : |
27.08.2007 |
|
PAN No.: |
AACPD7752Q |
|
Din No.: |
00150851 |
|
|
|
|
Name : |
Mr. Dhirajlal Shivlal Doshi |
|
Designation : |
Director |
|
Address : |
71, Oceana Apartments, Shivaji Park, Dadar, Mumbai-400028, Maharashtra,
India |
|
Date of Birth/Age : |
08.05.1939 |
|
Date of Appointment : |
27.08.2007 |
|
PAN No.: |
ABBPD7019G |
|
Din No.: |
00158450 |
|
|
|
|
Name : |
Mr. Rakshit Dhirajlal Doshi |
|
Designation : |
Whole-time director |
|
Address : |
A/103, 10th Floor, Trithbhoomi Apartment, Behind Law
College, Ahmedabad-380006, Gujarat, India |
|
Date of Birth/Age : |
29.05.1969 |
|
Qualification : |
B.E. (Chemical) |
|
Experience: |
22 Years |
|
Date of Appointment : |
26.12.2008 |
|
PAN No.: |
AACPD8698R |
|
Din No.: |
00150910 |
|
|
|
|
Name : |
Mr. Prasad Satish Gadkari |
|
Designation : |
Nominee Director |
|
Address : |
111, Laxmi Niketan, 4th Road, Hindu Colony, Dadar, Matunga,
Mumbai-400014, Maharashtra, India |
|
Date of Birth/Age : |
20.02.1974 |
|
Date of Appointment : |
25.11.2010 |
|
Din No.: |
02607255 |
|
|
|
|
Name : |
Mr. Ganapathy Viswanathan Iyer |
|
Designation : |
Director |
|
Address : |
7, Nilgiri, Chhed Nagar, Chembur, Mumbai-400089, Maharashtra, India |
|
Date of Birth/Age : |
24.09.1953 |
|
Date of Appointment : |
26.12.2008 |
|
Din No.: |
00081038 |
|
|
|
|
Name : |
Mr. Fabrice Pascal Jacques Brochet |
|
Designation : |
Director |
|
Address : |
52, Allee Santos Dumont, Suresnes – 92150, France |
|
Date of Birth/Age : |
22.08.1966 |
|
Date of Appointment : |
14.05.2011 |
|
Din No.: |
03530334 |
|
Name : |
Mr. Axel Bernard Richard Ensinger |
|
Designation : |
Director |
|
Address : |
Frankfurt - 60599, Germany |
|
Date of Birth/Age : |
01.01.1970 |
|
Date of Appointment : |
07.01.2013 |
|
Din No.: |
06800691 |
KEY EXECUTIVES
|
Name : |
Mr. Umang Rajendra Desai |
|
Designation : |
Secretary |
|
Address : |
10, Anuradha Society, Jivraj Park Road, Ahmedabad – 380005, Gujarat,
India |
|
Date of Birth/Age : |
17.10.1974 |
|
Date of Appointment : |
01.12.2012 |
|
PAN No.: |
AEXPD8623H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2013
|
Names of Equity Shareholders |
|
No. of Shares |
|
Doshion Private Limited, India |
|
3500000 |
|
Veolia Water Solutions and Technologies, |
|
1500000 |
|
|
|
|
|
Total |
|
5000000 |
|
Name of
Preference Shareholder |
|
No.
of Shares |
|
Doshion Private Limited, India |
|
9488000 |
|
|
|
|
|
Total |
|
9488000 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
30.00 |
|
Bodies corporate |
|
70.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of the
Engineering, Procurement and Construction (EPC) segment of the Total Water
Treatment Business. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
|
Licensed
Capacity |
Actual
Production |
|
Resin |
Ltrs |
|
1476326 |
2160000 |
|
Pharma Grade Resins |
Kgs |
|
98350 |
168000 |
|
Water Treatment Chemicals |
Kgs. |
|
453120 |
1800000 |
|
WT Plants |
Nos. |
|
46 |
46 |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the manahement. |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
IL and FS Trust
Company Limited, IL and FS Financial Centreplot No C22 G Block Bandra, Kurla
Complex Bandra East, Mumbai - 400051, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
“Heritage”, 3rd Floor, Near Gujarat Vidhyapith, Off |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFD7919A |
|
|
|
|
Enterprises
having substantial interest in voting power of the company : |
Veolia Water Solutions and Technology |
|
|
|
|
Subsidiary Company
: |
CIN No.: U28920MH1982PLC027105 |
|
|
|
|
Holding Company : |
Doshion Private Limited U24110GJ1995PTC025307 |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
CIN No.: U41000GJ2002PTC041470
CIN No.: U74999GJ2006PTC049658
CIN No.: U74999GJ2009PTC056044
CIN No.: U41000GJ2003PTC043178
|
|
|
|
|
Enterprises
controlled by the company : |
DVWSPL Employees Gratuity Trust |
|
|
|
|
Holding
Company / enterprises controlled by Holding Company : |
CIN No.: U41000GJ2008PTC053373
CIN No.: U28110GJ2008PTC053182
CIN No.: U31501TN1992PTC023326
CIN No.: U45203GJ2008PTC055416
CIN No.: U29100GJ2008PTC055415
CIN No.: U41000GJ2009PTC057906
CIN No.: U41000GJ2011PTC064934 |
CAPITAL STRUCTURE
As on: 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
Rs.10/- each |
Rs.75.000 Millions |
|
10000000 |
Preference Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.175.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
9488000 |
Preference Shares |
Rs.10/- each |
Rs.94.800
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.144.800 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
144.880 |
144.880 |
50.000 |
|
(b) Reserves & Surplus |
1406.237 |
1519.787 |
1057.476 |
|
(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) |
1551.117 |
1664.667 |
1107.476 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
72.222 |
138.889 |
0.682 |
|
(b) Deferred tax liabilities (Net) |
11.819 |
9.514 |
11.367 |
|
(c) Other long term liabilities |
47.440 |
47.440 |
0.000 |
|
(d) long-term provisions |
34.119 |
38.085 |
38.761 |
|
Total Non-current
Liabilities (3) |
165.600 |
233.928 |
50.810 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
1470.248 |
1093.275 |
868.762 |
|
(b) Trade payables |
1515.603 |
1244.495 |
452.923 |
|
(c) Other current liabilities |
285.477 |
316.559 |
410.849 |
|
(d) Short-term provisions |
7.866 |
122.049 |
17.057 |
|
Total Current
Liabilities (4) |
3279.194 |
2776.378 |
1749.591 |
|
|
|
|
|
|
TOTAL |
4995.911 |
4674.973 |
2907.877 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
315.154 |
338.411 |
232.762 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
168.490 |
111.739 |
39.394 |
|
(iv) Intangible assets under development |
0.217 |
0.105 |
0.000 |
|
(b) Non-current Investments |
487.203 |
487.203 |
11.437 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
81.713 |
109.031 |
92.327 |
|
(e) Other Non-current assets |
10.843 |
4.785 |
4.210 |
|
Total Non-Current Assets |
1063.620 |
1051.274 |
380.130 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
528.913 |
449.772 |
417.358 |
|
(c) Trade receivables |
2006.466 |
1791.953 |
1463.251 |
|
(d) Cash and cash equivalents |
154.070 |
185.643 |
143.915 |
|
(e) Short-term loans and advances |
664.119 |
557.860 |
131.870 |
|
(f) Other current assets |
578.723 |
638.471 |
371.353 |
|
Total Current
Assets |
3932.291 |
3623.699 |
2527.747 |
|
|
|
|
|
|
TOTAL |
4995.911 |
4674.973 |
2907.877 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
3247.569 |
|
2016.974 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
3247.569 |
3465.168 |
2016.974 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
3358.814 |
3259.141 |
1930.031 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
3358.814 |
3259.141 |
1930.031 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(111.245) |
206.027 |
86.943 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.305 |
51.261 |
15.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(113.550) |
154.766 |
71.942 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
291.993 |
209.200 |
143.100 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Interim Dividend ( on preference shares) |
0.000 |
51.235 |
0.000 |
|
|
|
Proposed Dividend |
0.000 |
10.693 |
5.000 |
|
|
|
Corporate Tax on Interim Dividend |
0.000 |
8.311 |
0.000 |
|
|
|
Corporate Tax on Final Dividend |
0.000 |
0.923 |
0.000 |
|
|
|
Corporate Tax on Proposed Dividend |
0.000 |
0.811 |
0.830 |
|
|
BALANCE CARRIED
TO THE B/S |
178.443 |
291.993 |
209.200 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
333.273 |
210.296 |
142.522 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
NA |
|
236.728 |
|
|
|
Capital Goods |
|
|
2.395 |
|
|
TOTAL IMPORTS |
NA |
NA |
239.123 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(22.71) |
30.95 |
14.39 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(3.50) |
4.47 |
3.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.56) |
4.92 |
3.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.07) |
0.09 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.99 |
0.74 |
0.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.31 |
1.44 |
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 |
50.000 |
144.880 |
144.880 |
|
Reserves & Surplus |
1,057.476 |
1,519.787 |
1,406.237 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1,107.476 |
1,664.667 |
1,551.117 |
|
|
|
|
|
|
long-term borrowings |
0.682 |
138.889 |
72.222 |
|
Short term borrowings |
868.762 |
1,093.275 |
1,470.248 |
|
Total
borrowings |
869.444 |
1,232.164 |
1,542.470 |
|
Debt/Equity
ratio |
0.785 |
0.740 |
0.994 |
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) |
|
Total Income |
2,016.974 |
3,465.168 |
3,247.569 |
|
|
|
71.800 |
(6.280) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
2,016.974 |
3,465.168 |
3,247.569 |
|
Profit After Tax |
71.942 |
154.766 |
(113.550) |
|
|
3.57% |
4.47% |
(3.50%) |
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 |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
Yes |
|
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 |
Note:
The registered office of the company has been shifted
from Office No. 3, 2nd Floor, A Wing, Godrej Coliseum, Eastern
Express Highway, Sion, Mumbai - 400022, Maharashtra, India to present address
w.e.f. 22.02.2008
|
LITIGATION DETAILS |
|||||
|
Bench:- Bombay |
|||||
|
Presentation Date: 05.05.2014 |
|||||
|
Stamp No:- |
CPL/304/2014 |
Failing Date:- |
05.05.2014 |
||
|
|
|||||
|
Petitioner:- |
NEW INDIA INFRA BUILDTECH LIMITED |
Respondent:- |
DOSHION VEOLIA WATER SOLUTIONS PVT. LTD. |
||
|
Petn.Adv:- |
KARAN SHANKAR THORAT (I2985) |
||||
|
District:- |
MUMBAI |
||||
|
|
|||||
|
Bench:- |
SINGLE |
Category:- |
COMPANY PETITION U/SEC 433,434,439 |
||
|
Status:- |
Pre-Admission |
|
|||
|
Next Date:- |
12.06.2014 |
|
|||
|
Coram :- |
REGISTRAR(OS)/PROTHONOTARY AND SR. MASTER |
||||
|
|
|
||||
|
Act:- |
Companies Act and Rules 1956 |
Under Section:- |
433,434,439 |
||
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10486396 |
27/03/2014 |
211,600,000.00 |
BANK OF BARODA |
CORPORATE
FINANCIAL SERVICES BRANCH, 1ST FLOOR, B |
C01003433 |
|
2 |
10468559 |
26/11/2013 |
3,500,000,000.00 |
IL & FS
TRUST COMPANY LIMITED |
IL & FS
FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA |
B92877455 |
|
3 |
10435676 |
12/06/2013 |
58,756,425.00 |
INDUSIND BANK
LTD. |
World Business
House, M. G. Road, Nr. Parimal Gar |
B79121620 |
|
4 |
10425468 |
19/03/2013 |
180,000,000.00 |
UNION BANK OF
INDIA |
INDUSTRIAL FINANCE
BRANCH, C.U. SHAH CHAMBERS,, N |
B75049262 |
|
5 |
10406260 |
25/02/2013 |
290,000,000.00 |
BANK OF BARODA |
CORPORATE
FINANCIAL SERVICES BRANCH, 1ST FLOOR, B |
B68817352 |
|
6 |
10320931 |
26/02/2014 * |
219,000,000.00 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
One Forbes,, Dr.
V. B. Gandhi Marg, Fort, Mumbai, |
B98275118 |
|
7 |
10173713 |
30/09/2011 * |
3,330,000,000.00 |
BANK OF BARODA |
CORPORATE
FINANCIAL SERVICES BRANCH, 1ST FLOOR, B |
B23042724 |
* Date of charge modification
FIXED ASSETS
Tangible Assets
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
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 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.60.05 |
|
|
1 |
Rs.101.65 |
|
Euro |
1 |
Rs.83.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
- |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
16 |
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.