MIRA
INFORM REPORT
|
Report Date : |
12.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
FABTECH TECHNOLOGIES INTERNATIONAL LIMITED (w.e.f 09.07.2010) |
|
|
|
|
Formerly Known
As : |
FABTECH TECHNOLOGIES INTERNATIONAL PRIVATE LIMITED PULSE PARENTERALS PRIVATE LIMITED |
|
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|
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Registered
Office : |
717, Janki Centre, Off Veera Desai Road, Andheri West, Mumbai –
400053, Maharashtra |
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Country : |
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|
|
Financials (as
on) : |
31.03.2013 |
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|
|
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Date of
Incorporation : |
20.11.1995 |
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Com. Reg. No.: |
11-094603 |
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Capital
Investment / Paid-up Capital : |
Rs.27.859 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH1995PLC094603 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMF02816C |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACF5671R |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Design, Engineering, Construction and Manufacturing of Critical and
Vital Elements like Modular Internal Partitions, HVAC, Cleanroom Equipment
and Solutions, Isolation Systems, and External Construction. |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
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 1700000 |
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|
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track. Overall financial position of the company is good. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitments. The company can be considered for business dealing 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
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 |
ICRA |
|
Rating |
Long Term Fund Based Limits: BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
August, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Limits: A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
August, 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Sagar |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-61592900 |
|
Date : |
08.05.2014 |
LOCATIONS
|
Registered Office : |
717, Janki Centre, Off Veera Desai Road, Andheri West, Mumbai – 400053,
Maharashtra, India |
|
Tel. No.: |
91-22-61592900 (200 Lines) |
|
Fax No.: |
91-22-615928955/ 61592855 |
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E-Mail : |
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|
Website : |
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Location : |
Owned |
|
Locality : |
Commercial |
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Factory 1 : |
Plot No. 190/191, GIDC, Umbergaon Industrial Estate, Valsad – 396171,
Gujarat, India |
|
|
|
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Factory 2: |
Tina Udyog Bhawan No.1, Survey No.185/P, Green Industrial Park, Dongri
Pada, Poman Village, Kaman Vasai (East), Thane – 401208, Maharashtra, India |
|
|
|
|
Branches : |
·
Hyderabad Address: H. No. 4-7-66/A, Flat No.3A, CKR Residency, Nagendra Nagar, Habsiguda, Hyderabad - 500007, INDIA Tel. No.: +91 – o40 – 27156267 , +91 – 040 – 65227265 Fax No.: +91 – 040 - 27156268 E-Mail : projectshyd@fabforms.ae · Delhi Address: 310-A, Aditya Arcde,Preet Vihar, New Delhi-110092, India Tel. No.: + 91 - 9250818450 E-Mail : delhi@fabtecheng.com |
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|
|
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International
Branches : |
Located at: ·
Dubai ·
Egypt ·
Bangladesh |
DIRECTORS
(AS ON 30.10.2013)
|
Name : |
Mr. Aasif Ahsan Khan |
|
Designation : |
Managing Director |
|
Address : |
604, D-15, Indira Darshan –II, Swami Samarth Nagar, Andheri (West),
Mumbai – 400053, Maharashtra, India. |
|
Date of Birth/Age : |
13.09.1968 |
|
Date of Appointment : |
20.11.1995 |
|
PAN No.: |
AAQPK2312P |
|
DIN No.: |
00156111 |
|
|
|
|
Name : |
Mr. Hemant Mohan Anavkar |
|
Designation : |
Whole-time Director |
|
Address : |
201, Samarth
Prasad, 9‐A/2, Apna Ghar, Swami Samarth Nagar, Andheri (West), Mumbai
- 400053, Maharashtra, India |
|
Date of Birth/Age : |
17.02.1962 |
|
Date of Appointment : |
01.04.2004 |
|
PAN No.: |
AAGPA9722P |
|
DIN No.: |
00150776 |
|
|
|
|
Name : |
Mr. Naseem Ahsan Khan |
|
Designation : |
Whole-time Director |
|
Address : |
93/94, 09, Link
Garden Co‐Operative Housing Society Limited, New Link Road, Oshiwara,
Andheri (West), Mumbai, 400053, Maharashtra, India |
|
Date of Birth/Age : |
12.11.1954 |
|
Date of Appointment : |
25.02.2012 |
|
DIN No.: |
00153263 |
|
|
|
|
Name : |
Mr. Arif Ahsan Khan |
|
Designation : |
Whole-time Director |
|
Address : |
209, 7/C, Al
Aman Apartment, Amrut Nagar, Oshiwara Garden Road, Jogeshwari (West), Mumbai,
400102, Maharashtra, India |
|
Date of Birth/Age : |
13.05.1971 |
|
Date of Appointment : |
01.04.2004 |
|
PAN No.: |
AAEPK7770R |
|
DIN No.: |
00156170 |
|
|
|
|
Name : |
Mrs. Manisha Hemant Anavkar |
|
Designation : |
Whole-time Director |
|
Address : |
201, Samarth Prasad, 9‐A/2, Apna Ghar, Swami Samarth Nagar,
Andheri (West), Mumbai - 400053,
Maharashtra, India |
|
Date of Birth/Age : |
07.12.1968 |
|
Date of Appointment : |
25.02.2012 |
|
PAN No.: |
ADTPA8376P |
|
DIN No.: |
00733660 |
|
|
|
|
Name : |
Mr. Gopal Krishna Nair |
|
Designation : |
Additional Director |
|
Address : |
A‐1 Cenced
‐ 318 Union Park, Khar, Mumbai -
400052, Maharashtra, India |
|
Date of Birth/Age : |
02.02.1940 |
|
Date of Appointment : |
25.02.2012 |
|
DIN No.: |
02772926 |
KEY EXECUTIVES
|
Name : |
Mr. Sagar |
|
Designation : |
Accounts Executive |
|
|
|
|
Name : |
Mr. Aakriti Tambi |
|
Designation : |
Secretary |
|
Address : |
B – 504, Dheeraj Diamond, Chincholi, Bunder Road, Malad (West), Mumbai
– 400064, Maharashtra, India |
|
Date of Appointment : |
09.03.2012 |
|
PAN No.: |
AICPT2800M |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.10.2013)
|
Name of
Shareholders |
|
No of
Shares |
|
|
|
|
|
Aasif Ahsan Khan |
|
1661997 |
|
Hemant Mohan Anavkar |
|
346250 |
|
Aatif Khan |
|
1 |
|
Haifaa Khan |
|
1 |
|
Phiroz Mansuri |
|
1 |
|
Aarif Khan |
|
415500 |
|
Manisha Hemant Anavkar |
|
346250 |
|
Acaciaa International Tr. LLC, UAE |
|
15890 |
|
|
|
|
|
Total |
|
2785890 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
0.57 |
|
Directors or relatives of directors |
|
99.43 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Design, Engineering, Construction and Manufacturing of Critical and
Vital Elements like Modular Internal Partitions, HVAC, Cleanroom Equipment and
Solutions, Isolation Systems, and External Construction. |
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Products : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
· Gulf Countries · Indonesia · Bangladesh |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
·
Axis Bank Limited Ground
Floor, Axis House, Bombay Dyeing Mills Compound, P B Marg, Worli, Mumbai,
Maharashtra – 400025, India Contact
No.: 91-22-24252525 (Ringing) ·
Dena Bank 67-A, Krishna Bhavan, Nehru Road, Vile Parle (East), Mumbai – 400057,
Maharashtra, India · Union Bank of India Vile Parle (West) Branch, 11 Vithal Nagar Co-Operative Housing
Society, 10th Road, Mumbai – 400 049, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Heritage, 3rd Floor, Near Gujarat Vidyapeth, Off |
|
Tel No.: |
91-79-27582542/ 27582543 |
|
Fax No.: |
91-79-27582551 |
|
PAN No.: |
AABFD7919A |
|
|
|
|
Subsidiaries : |
·
Fabtech Sterling Building Technologies Private
Limited, India ·
PCG Technologies Private Limited, India ·
Fabtech Projects Technologies Private
Limited, India ·
Fabtech Containment Technologies (India)
Private Limited, India ·
Fabtech Technologies (FZC), UAE |
|
|
|
|
Joint Venture
Entity : |
·
Fabtech Silisbuild Systems LLP, India |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
·
Fabtech Turnkey Projects LLP (formerly Air
Pac Exports), India · “T”- Square Enterprises Private Limited, India · Channe L F Entertainment Private Limited, India |
CAPITAL STRUCTURE
(AS ON 30.10.2013)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2785890 |
Equity Shares |
Rs.10/- each |
Rs.27.859
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 |
27.859 |
27.859 |
27.700 |
|
(b) Reserves & Surplus |
392.478 |
320.352 |
251.484 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
8.836 |
|
Total
Shareholders’ Funds (1)+(2) |
420.337 |
348.211 |
288.020 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
6.319 |
6.913 |
3.358 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
6.218 |
4.403 |
5.744 |
|
Total Non-current Liabilities (3) |
12.537 |
11.316 |
9.102 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
141.897 |
145.866 |
46.885 |
|
(b) Trade payables |
306.083 |
164.448 |
186.607 |
|
(c) Other current
liabilities |
258.265 |
181.634 |
173.033 |
|
(d) Short-term provisions |
16.165 |
17.843 |
11.501 |
|
Total Current Liabilities (4) |
722.410 |
509.791 |
418.026 |
|
|
|
|
|
|
TOTAL |
1,155.284 |
869.318 |
715.148 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
177.908 |
179.277 |
76.380 |
|
(ii) Intangible Assets |
0.684 |
0.351 |
0.485 |
|
(iii) Capital
work-in-progress |
4.172 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
1.889 |
1.889 |
0.867 |
|
(b) Non-current Investments |
1.718 |
1.718 |
1.618 |
|
(c) Deferred tax assets (net) |
3.972 |
0.456 |
1.901 |
|
(d) Long-term Loan and Advances |
74.405 |
34.531 |
19.168 |
|
(e) Other Non-current assets |
0.916 |
18.679 |
13.739 |
|
Total Non-Current Assets |
265.664 |
236.901 |
114.158 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1.387 |
1.691 |
2.798 |
|
(b) Inventories |
256.137 |
147.516 |
122.885 |
|
(c) Trade receivables |
386.970 |
290.550 |
306.492 |
|
(d) Cash and cash
equivalents |
124.371 |
90.496 |
112.425 |
|
(e) Short-term loans and
advances |
119.937 |
99.258 |
54.341 |
|
(f) Other current assets |
0.818 |
2.906 |
2.049 |
|
Total Current Assets |
889.620 |
632.417 |
600.990 |
|
|
|
|
|
|
TOTAL |
1,155.284 |
869.318 |
715.148 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1307.350 |
832.494 |
732.567 |
|
|
|
Other Income |
14.915 |
7.094 |
17.536 |
|
|
|
TOTAL (A) |
1322.265 |
839.588 |
750.103 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
396.737 |
324.052 |
188.464 |
|
|
|
Purchases of stock-in-trade |
381.378 |
107.738 |
194.563 |
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(76.880) |
(15.005) |
(19.119) |
|
|
|
Employee benefits expense |
130.133 |
96.286 |
76.139 |
|
|
|
Other expenses |
361.343 |
201.047 |
142.114 |
|
|
|
TOTAL (B) |
1192.711 |
714.146 |
582.161 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
129.554 |
125.469 |
167.942 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.254 |
16.880 |
10.120 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
113.300 |
108.589 |
157.822 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.488 |
12.395 |
11.897 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
100.812 |
96.194 |
145.925 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
28.686 |
36.002 |
51.023 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
72.126 |
60.192 |
94.902 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
735.744 |
345.144 |
377.848 |
|
|
TOTAL EARNINGS |
735.744 |
345.144 |
377.848 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
10.227 |
30.498 |
48.083 |
|
|
|
Component and Spares part |
158.144 |
24.321 |
72.226 |
|
|
|
Capital Goods |
0.000 |
0.500 |
2.356 |
|
|
TOTAL IMPORTS |
168.371 |
55.319 |
122.665 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
25.89 |
21.72 |
34.26 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.45 |
7.17 |
12.65 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.71 |
11.55 |
19.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.82 |
11.12 |
20.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.28 |
0.51 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.35 |
0.44 |
0.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.24 |
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 |
27.700 |
27.859 |
27.859 |
|
Reserves & Surplus |
251.484 |
320.352 |
392.478 |
|
Share Application money pending allotment |
8.836 |
0.000 |
0.000 |
|
Net worth |
288.020 |
348.211 |
420.337 |
|
|
|
|
|
|
long-term borrowings |
3.358 |
6.913 |
6.319 |
|
Short term borrowings |
46.885 |
145.866 |
141.897 |
|
Total borrowings |
50.243 |
152.779 |
148.216 |
|
Debt/Equity ratio |
0.174 |
0.439 |
0.353 |
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) |
|
Revenue from
Operations |
732.567 |
832.494 |
1,307.350 |
|
|
|
13.641 |
57.040 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR) |
(INR) |
(INR) |
|
Revenue from Operations |
732.567 |
832.494 |
1,307.350 |
|
Profit |
94.902 |
60.192 |
72.126 |
|
|
12.95% |
7.23% |
5.52% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY OF
LONG TERM BORROWINGS DETAIL:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
||
|
Current Maturity of Long Term Borrowings |
3.252 |
2.401 |
1.214 |
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
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 |
------------------------------------------------------------------------------------------------------------------------------
CASE DETAILS
BENCH:-BOMBAY
|
Lodging No.:- |
SSL/1276/2011 |
Filing Date:- |
03/05/2011 |
Reg. No.:- |
SS/2706/2011 |
Reg. Date:- |
08/11/2011 |
|
Petitioner:- |
ALFA Chemo Plast Private Limited |
Respondent:- |
Fabtech Technologies International Limited |
|
Petn. Adv.:- |
Kunal Cheema (0) |
Resp. Adv.:- |
Devang H. Shah |
|
District:- |
MUMBAI |
|
|
|
Bench:- |
SINGLE |
|
|
|
Status:- |
Transferred |
Category:- |
MONETARY SUITS |
|
|
|
|
|
|
Transfer Date:- |
03/10/2012 |
Remark:- |
TRANSFERRED TO CITY CIVIL COURT |
|
Act :- |
Code of Civil Procedure 1908 |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL
HIGHLIGHTS
During
the financial year, the company recorded 57.03% growth in sales over previous
year on account of growth on overseas projects.
EBITDA
dropped to 9.90% from 15.07% during the year on account of Research and
Development Expenses.
PAT
dropped to 5.51% from 7.23% during the year due to lower EBIDTA margin.
BUSINESS REVIEW
The company has emerged as
a turnkey solution provider to pharmaceutical and biotech industry in its way
of simplification of complex problems. Turnkey projects could be the most
viable solutions to the co-ordination challenges of the developing world. This
concept is highly efficient in time and cost for the customers and
stakeholders.
The company has introduced
a qualified team for commissioning of HVAC products for a turnkey project and
will concurrently continue creating visibility in other sectors in India and
international markets.
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/ Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10273808 |
02/02/2013 * |
450,000,000.00 |
Axis Bank Limited |
Ground Floor, Axis House,
Bombay Dyeing Mills Compound, P B Marg, Worli, Mumbai, Maharashtra - 400025,
INDIA |
B67413211 |
* Date of charge modification
FIXED ASSETS:
· Building
· Plant and Equipment
· Office Equipment
· Computer Hardware
· Furniture and Fixtures
· Vehicles
· Computers Software
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 records 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.59.99 |
|
|
1 |
Rs.101.75 |
|
Euro |
1 |
Rs.83.48 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.